Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[jbreher]

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

You don’t like theymos much, do you? LOL

Relevance? Never met theymos, so I don't have any basis upon which to like or dislike him or her.

I was just pointing out that theymos' blanket statement was erroneous.

Anyone can control bitcoin if they have enough money and the desire to do it. But who is stupid enough and has that much money to throw away? hash power=money.

In my experience, stupid people rarely amass much money. Lacking knowledge of the contrary, I would venture to speculate that an incidence of a stupid person amassing enough money to steer a $100B market is unprecedented.

[JayJuanGee]

lol i didn't post that theymos fud earlier because too fuddy and unsourced but w/e
his point is ok of course

That was my thinking as well when I first read it, but it was posted ~3 hours ago, before this crash. It strikes me as too much of a coincidence.

Certainly someone big believed or orchestrated it or both. But the TA and the trend also called for these ... dips.

Here's where we can discover that there is no one explanation.

In other words, manipulators can exacerbate a preexisting condition.

[jbreher]

Who likes my BTC keyring

Only cheap from Amazon, I think it’s cool any way

impressive in many ways

I’m out of sMerit but awesome watch man!

I guess. What time is it? How do you read it? Ain't got no hands!

[Ludwig Von]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

This is crypto. Hash power is The Power.

"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."

- SN, Bitcoin: A Peer-to-Peer Electronic Cash System

So much for decentralization.

Ah, yes. 'Decentralization'. A means to an end that many have confused with the ultimate end. And a term that appears exactly zero times in aforementioned white paper.

What would be the meaning of "Peer-to-peer" ?

[DaRude]

So you back the SV camp?  

I have a slight preference for the SV branch of the fork, this is true. Emergent consensus on the block size, restore the original opcodes, eliminate churn of pie in the sky, dev driven, so-called 'innovation' with no proven value (more properly, 'lets throw it against the wall, and see if it sticks'). Check.

I could have lived with the ABC fork, probably. At least it would be free of The SegWit Omnibus Changeset trojan. But what with 'benevolent dictator' calling for preparing an emergency PoW change... just no fucking way.

Personally I think Monero is much closer to "Saatoshi's Vision" than anything CW has anything to do with...

I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?

[QuestionAuthority]

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

You don’t like theymos much, do you? LOL

Relevance? Never met theymos, so I don't have any basis upon which to like or dislike him or her.

I was just pointing out that theymos' blanket statement was erroneous.

Anyone can control bitcoin if they have enough money and the desire to do it. But who is stupid enough and has that much money to throw away? hash power=money.

In my experience, stupid people rarely amass much money. Lacking knowledge of the contrary, I would venture to speculate that an incidence of a stupid person amassing enough money to steer a $100B market is unprecedented.

Just some of the things you’ve said in the past. Maybe I should change that to “agree with him” instead of like.

Yes, it’s almost impossible to control $100b market by purchasing btc directly. Hash power is a lesser figure. Still tons of money but not $100b.

Stupid people don’t amass much money? Have you heard of Donald Trump and Paris Hilton?

[JayJuanGee]

I believe we've now reached yearly lows.

Congrats. Bull market starts tomorrow. 

I doubt that any reversal is going to be so clear... and quick and relatively painless.

[gembitz]

I blame Bcash  

BLAME our LORD faketoshi ! :-D kek

[JayJuanGee]

Cheap coins are coming booois!

Aren't you grateful!

Weeeeeeeeeeeeeee

Let them dump more!! I want $1k/piece so i can complete my 21coins target!

Perhaps, you might get something in the $4k territory, meaning below $5k, but you better grab those quick...


I doubt you are going to be so fortunate to get anywhere below $3k... Sure it is possible, but seems like a real BIG long shot, and it is better to live according to more likely scenarios, rather than long shots... In other words, hopefully, you are picking up some coins along the way down to your alleged target that is quite likely NOT to be reached.

[El duderino_]

Who likes my BTC keyring

Only cheap from Amazon, I think it’s cool any way

impressive in many ways

I’m out of sMerit but awesome watch man!

not anymore  ..... buy cheap coinzzz is always Smerit worthy.... only we just the little F***ers in that sendable shit

[bitcoinPsycho]

I blame Bcash 

Umm... Ooohkaaay....

You blame Bcash for what?

The present state of the crypto markets .

But I thought that you thought that Bitcoin Cash was an irrelevancy?

At some future date, Bitcoin Cash will be the preponderance of the crypto markets.

Nice dodge there. The future is unwritten. Nuff said

[HairyMaclairy]

I believe we've now reached yearly lows.

Congrats. Bull market starts tomorrow. 

I doubt that any reversal is going to be so clear... and quick and relatively painless.

Now that’s the sort of defeatist talk we want to hear.

[infofront]

I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?

It's hard to have "digital cash" without fungibility.

So if I can read between the lines, you are claiming that the fact that bitcoin is merely pseudonymous makes it absolutely non-fungible, and thereby absolutely useless as digital cash?

Yes, mostly useless. What do you think?

I think bitcoin has already proven itself to be useful as cash.

Bitcoin has also already proven itself to be useful to the FBI and IRS in helping them track transactions.

I'll just say that if I wanted to hide money from the tax authorities, buy contraband without physical cash, or just keep my economic activity private, I'd be using Monero.

[gembitz]

Who likes my BTC keyring

Only cheap from Amazon, I think it’s cool any way

impressive in many ways

I’m out of sMerit but awesome watch man!

not anymore  ..... buy cheap coinzzz is always Smerit worthy.... only we just the little F***ers in that sendable shit

buy cheep lambos when?

[HairyMaclairy]

Cool I ate some dirt.  Stops gone.  I’m out of this market for now.

[kraterion]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

Can you explain why the whole market is dropping because of a coin that no one give a f about it? A coin in which two children are fighting lol

[gembitz]

did your hat avatars kill bitcoin? ...i'm new here!  

[gembitz]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

Can you explain why the whole market is dropping because of a coin that no one give a f about it? A coin in which two children are fighting lol

The children are selling vast amount of their many bitcoin’s to keep up their shit show

mt gox people dumping?    weeeeeeee

[Kylapoiss]

We almost broke 5500 at stamp, wonder where will it take us if it gets broken?

[DaRude]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

Can you explain why the whole market is dropping because of a coin that no one give a f about it? A coin in which two children are fighting lol

The children are selling vast amount of their many bitcoin’s to keep up their shit show

...which is long term great for bitcoin!