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Question: What year will we achieve a new ATH?
2019 - 50 (30.7%)
2020 - 64 (39.3%)
2021 - 34 (20.9%)
2022 - 8 (4.9%)
2023 - 2 (1.2%)
Never - 5 (3.1%)
Total Voters: 163

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21183024 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (24 posts by 13 users deleted.)
bitserve
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November 23, 2018, 02:49:52 AM

"#bitcoin's game theory where it's always cheaper to mine honest blocks for rewards instead of 51% attack, only works with rational thinkers...As millions of dollars have been burnt fighting between two forks of a fork of bitcoin have shown. Crazy breaks the checks and balances."

Don't get short term incentives mixed up with long term incentives.  

In other words, bitcoin has so much hashing power thrown at it, that it takes way more money to attack it than to play fairly.

Surely, there could be another test of bitcoin in terms of billions of dollars thrown at a hashing war, but let us see how long such a war would be sustained, if it were to occur, when the users are not going to accept or recognize such.

Similar threats were made in 2017 regarding assertions that mining power rules the bitcoin world, and it seems those assertions were shown to be untrue in actual practice... even if you believe miners are going to gang up or get sufficient mining power to sustain a 51% attack, even for several months, and they threaten to do it, we have to see whether the rubber will actually hit the road and they will do it, and we will have to see if bitcoin users go over to that take over chain.

The thing is those theories only apply in a certain set of circumstances. For example, it was never intended to apply to minority forks or altcoins using an algo in which Bitcoin is king. All those are completely vulnerable to a 51% attack. They shouldn't even exist but were artificially allowed to because of.... reasons.

51% attacking Bitcoin? Well, you couldn't rent enough hash to do it so it would need to be done by the very same miners that make a living out of it. And yes, for those the rule that attacking it instead of honestly working on it clearly applies.

Current Bcash shenanigans do not contradict, but in fact confirm the theories..... and they haven't even really started attacking each other yet.

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infofront
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November 23, 2018, 03:01:51 AM

Meet the new bottom. Same as the old bottom.
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November 23, 2018, 03:05:37 AM

Look on the bright side, you bastards!
Elwar
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November 23, 2018, 03:09:52 AM

Had a dream that the price was down to $1190.  Cry

I decided to go get drunk and the bar was crypto themed.

But still under construction.


This is Bitcoin right now.
jojo69
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November 23, 2018, 03:10:19 AM

jesus


I'm bored already

what has become of me?
TheCactus
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November 23, 2018, 03:13:21 AM
Merited by Last of the V8s (1)

Had a dream that the price was down to $1190.  Cry

I decided to go get drunk and the bar was crypto themed.

But still under construction.


This is Bitcoin right now.

It's like Sparta, except we all die at the end.

In other words, it's like Sparta.
Biodom
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November 23, 2018, 03:14:04 AM

So if we're set for a repeat of the last cycle and the next two years consist of not very much followed by some jizz in 2021, how will you take it? What will you get up to? Will it break you? Will you double down? Will you steal a yacht and sail away? Are you already all set?

Me, I think I'm going to be rather annoyed by it all. Not sure I'm in the mood for more interminable nothing but it's certainly looking like it's on the menu. I may pass the time unicycling down every road in my county which is about 15,000 miles. I can't ride a unicycle.

Nah, it can't work like this (2 year).
The math says that it can't (miners profitability has to be above zero in POW).
After about 3-6 mo, it is either an uptrend or a crash to essentially nothingness.
My preference is the former, of course.
bitserve
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November 23, 2018, 03:15:25 AM

Look on the bright side, you bastards!




Oh, wait, there's no fucking bright side you fool!
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November 23, 2018, 03:20:10 AM
Merited by bones261 (2)

The dog faced cock bug is happy. That must count for something.
TheCactus
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November 23, 2018, 03:54:05 AM

It counts for nothing. I'll get my hat pants overcoat shoes.
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November 23, 2018, 04:07:00 AM

Had a dream that the price was down to $1190.  Cry

I decided to go get drunk and the bar was crypto themed.

But still under construction.


This is Bitcoin right now.

I had a dream twice now, that bitcoin flash crashed to pennies, I bought in and it went to like 150 million...
HairyMaclairy
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November 23, 2018, 04:20:37 AM

It counts for nothing. I'll get my hat pants overcoat shoes.


You can leave your hat on.  Oh wait.  
HairyMaclairy
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November 23, 2018, 04:23:13 AM

I'm in extreme distress right now, having a huge panic attack.  The money I lost in bitcoin,eth,xmr is very high.
Can barely breathe right now. someone help me  Never thought it could ever go this low again, I am freaking out.

Congratulations.  You win the 3 year hodl prize.   By the end you will be a seasoned veteran.   So pleased you could join us.   

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November 23, 2018, 04:26:25 AM

success is not measured on the good days
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November 23, 2018, 04:37:35 AM
Merited by bones261 (2)

so the problem melon

and don't get me wrong, I feel you, I got marxist cred you wouldn't believe

the problem is that most people are shit...absent the threat of starvation most people won't do a goddamned thing to contribute

so you, and me, end up feeding all these shitheads

I have created places where it was free to be...it always ends the same
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November 23, 2018, 04:49:20 AM

Bitcoin has died 322 times but always rises from the ashes  Cheesy

https://99bitcoins.com/obituary-stats/

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November 23, 2018, 04:53:43 AM
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We are at the 3rd stage.
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November 23, 2018, 05:05:04 AM

I HATE THIS FUCKING WORLD, EVERYTHING REVOLVES AROUND FUCKING MONEY.  WHY THE FUCK CANT WE JUST ALL SHARE THE FUCKING RESOURCES FOR BASIC SURVIVAL.  WHY SHOULD A FUCKING MARKET DETERMINE IF SOMEONE GOES HOMELESS. FUCKING ALL THE LAND IS OWNED BY FUCKING BILLIONAIRES , HOW THE FUCK CAN YOU OWN LAND IT SHOULD BE FREE WE WERE BORN ON EARTH.  JESUS FUCKING CHRIST THE POOREST PEOPLE ARE THE HARDEST WORKERS. THIS LIFE IS FUCKED GLOBAL WARMING KILLING US ANYWAYS.
Then don't be a braggart if you can do on your own to decrease the problem, be it. People like you are the problem, rather to help you just brag onto the problem.
Your post is off topic if I may know.

BTC crashing? Pray it never been crushed even through years of too much FUD been throw.
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November 23, 2018, 05:14:37 AM

I HATE THIS FUCKING WORLD, EVERYTHING REVOLVES AROUND FUCKING MONEY.  WHY THE FUCK CANT WE JUST ALL SHARE THE FUCKING RESOURCES FOR BASIC SURVIVAL.  WHY SHOULD A FUCKING MARKET DETERMINE IF SOMEONE GOES HOMELESS. FUCKING ALL THE LAND IS OWNED BY FUCKING BILLIONAIRES , HOW THE FUCK CAN YOU OWN LAND IT SHOULD BE FREE WE WERE BORN ON EARTH.  JESUS FUCKING CHRIST THE POOREST PEOPLE ARE THE HARDEST WORKERS. THIS LIFE IS FUCKED GLOBAL WARMING KILLING US ANYWAYS.

ya its all bullshit, wealth inequality is getting to ridiculous levels.  There will be mass revolutions soon.  People like jeff bezos will burn.  All this technological innovation workers are producing more but not working less hours.  Suicide rates have been rising because of this.
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November 23, 2018, 05:17:36 AM

https://www.tradingview.com/chart/BTCUSD/4JxEfg1a-Will-we-ultimately-see-a-textbook-flat-correction-since-ATH/

Fresh TA from the prophet masterluc
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