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Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 12 (7.7%)
H2 2019 - 16 (10.3%)
H1 2020 - 29 (18.6%)
H2 2020 - 28 (17.9%)
H1 2021 - 12 (7.7%)
H2 2021 - 31 (19.9%)
H1 2022 - 6 (3.8%)
H2 2022 - 4 (2.6%)
H1 2023 - 0 (0%)
H2 2023 - 3 (1.9%)
2024 or Later - 15 (9.6%)
Total Voters: 156

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21291181 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. (102 posts by 19 users deleted.)
xhomerx10
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November 24, 2018, 02:30:26 AM
Last edit: November 24, 2018, 03:27:27 AM by xhomerx10
Merited by FractalUniverse (3)

Same chart zoomed out showing bear line.  Purple line is long term support from cryptowinter which we broke (ahead of schedule) before our latest drop.  We really should have waited until December before breaking it.  


yup, looks still a bit bearish, but close to exhaustion at least for now.
btw litecoin has already arrived to her "light blue line' during last run. I dont want to use it as leading indicator, but i take a look time to time for clues what to expect at major support lines.
And i hope bitcoin will stay at least one significant support level above ltc, so my potential minimal all-in level is between 2500-3000. but i'll buy some before that. even now im starting to have this fomo feeling

 Bitcoin moon will be as beautiful as
 Z --> Z2 + C



Avatar-sized



edit: redo

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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November 24, 2018, 03:06:53 AM

kromer
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November 24, 2018, 03:24:43 AM

some of the big block arguments resonate with me.

Retard

The typical ad hominem response I was expecting. It just proves my point about group think.

Seeing as I am a leftie, I will make it more PC for you.  Differently abled.

Retard or retarded is much better and more descriptive about what is really meant.

I'm retarded for keeping an open mind?

Your position is not an open mind, even if you are trying to present the position as such.. largely for the reasons that I already outlined.. and there may even be some other reasons.. but does not seem necessary to go down that path because it remains your burden to back up your bullshit, nonsense, retarded, position with facts and logic rather than my burden to show why you seem to be lacking (assuming that you really mean what you say rather than either being a paid shill, alt coin pumper or a disingenuine troll).

I'm keeping my mind open about which strategy is best for Bitcoin in the long term, in terms of a complex mix of decentralization and scalability. I think that it is too early to say for certain, especially since I do not have a deep understanding of the Bitcoin codebase. For example, I couldn't explain to you right now exactly how SegWit works. So for this reason I keep all forks instead of making a guess or going along with the majority.

Yeah, not only do you not understand the codebase (as you admit), you also don't seem to understand what differentiates bitcoin from other projects, whether those are forks or altcoins or ICOs or other purported imitator wannabes that fall quite short of the bitcoin mark.. think about sound money and network effects of bitcoin rather than getting caught up on dumb-ass and mostly irrelevant supposed distinctions based on code differences.

I'm in Bitcoin more than just for profit. What if what they say about LN trending towards centralization (and therefore government interference and control) comes true? What if BCH does live up to its promise of achieving massive on-chain scalability with low fees within the next few years? These are possibilities I take into account. I used to be a hard core maximalist, but I have changed my stance. It's much more than just bitcoin now, a whole industry is forming. I believe ICOs do have value. They offer anyone in the world a chance to invest in projects they believe in. I don't collect tokens, but there are many projects I respect and are trying to improve the world.
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November 24, 2018, 03:32:21 AM

Oopsie.  5M charts for fun and profit.  






... this is a joke.  I don't chart 5M.

5m



Surprisingly un-bearish imo. Have to test resistance at that 0.236 fib.
HairyMaclairy
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November 24, 2018, 03:35:31 AM
Merited by bones261 (4)

I believe ICOs do have value.

You are going to have a bad time
centralbanksequalsbombs
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Bitcoin :open immutable decentralized global fair


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November 24, 2018, 03:38:06 AM


I'm in Bitcoin more than just for profit. What if what they say about LN trending towards centralization (and therefore government interference and control) comes true? What if BCH does live up to its promise of achieving massive on-chain scalability with low fees within the next few years? These are possibilities I take into account. I used to be a hard core maximalist, but I have changed my stance. It's much more than just bitcoin now, a whole industry is forming. I believe ICOs do have value. They offer anyone in the world a chance to invest in projects they believe in. I don't collect tokens, but there are many projects I respect and are trying to improve the world.

Really? Very simple 4 question litmus test:

1) Expain to me, what makes bitcoin decentralized?

2) Why did Segwit 2.0 attack fail on bitcoin?

3) Lightning network, convince me how it is contrary to what you earlier said, free from government interference - explanation? Take a stab, play devils advocate. (tip: talk routing)

4) Why is it, even since 2013, the hundreds of most 'established' altcoins after years, are not nearly as secure nor decentralized as bitcoin?

Simple four questions.

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November 24, 2018, 03:42:32 AM


I'm in Bitcoin more than just for profit. What if what they say about LN trending towards centralization (and therefore government interference and control) comes true? What if BCH does live up to its promise of achieving massive on-chain scalability with low fees within the next few years? These are possibilities I take into account. I used to be a hard core maximalist, but I have changed my stance. It's much more than just bitcoin now, a whole industry is forming. I believe ICOs do have value. They offer anyone in the world a chance to invest in projects they believe in. I don't collect tokens, but there are many projects I respect and are trying to improve the world.

Really? Very simple 4 question litmus test:

1) Expain to me, what makes bitcoin decentralized?

2) Why did Segwit 2.0 attack fail on bitcoin?

3) Lightning network, convince me how it is contrary to what you earlier said, free from government interference - explanation? Take a stab, play devils advocate. (tip: talk routing)

4) Why is it, even since 2013, the hundreds of most 'established' altcoins after years, are not nearly as secure nor decentralized as bitcoin?

Simple four questions.




centralbanksequalsbombs
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November 24, 2018, 03:44:41 AM

...think about sound money and network effects of bitcoin rather than...

Hey JJG, I just realized, you've engaged with a poster here earlier in the week, whom after looking at their other posts on their profile, smells and leans heavily to high-shill factor side. Funny how that poster doesnt bring all that to the WO thread.

You have quite the tolerance level.
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November 24, 2018, 04:05:03 AM

Buttcoin is coming to an end.


Perhaps you ought to put together a well thought out post, giving us your reasons for coming to this conclusion. Enlarging your text does not make your warning very compelling.

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November 24, 2018, 04:07:30 AM

I already gave my reasons, this cult has brainwashed people into hodling worthless digital beanie babies.  Most people here lack any common sense.
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November 24, 2018, 04:07:54 AM


I'm in Bitcoin more than just for profit. What if what they say about LN trending towards centralization (and therefore government interference and control) comes true? What if BCH does live up to its promise of achieving massive on-chain scalability with low fees within the next few years? These are possibilities I take into account. I used to be a hard core maximalist, but I have changed my stance. It's much more than just bitcoin now, a whole industry is forming. I believe ICOs do have value. They offer anyone in the world a chance to invest in projects they believe in. I don't collect tokens, but there are many projects I respect and are trying to improve the world.

Really? Very simple 4 question litmus test:

1) Expain to me, what makes bitcoin decentralized?

2) Why did Segwit 2.0 attack fail on bitcoin?

3) Lightning network, convince me how it is contrary to what you earlier said, free from government interference - explanation? Take a stab, play devils advocate. (tip: talk routing)

4) Why is it, even since 2013, the hundreds of most 'established' altcoins after years, are not nearly as secure nor decentralized as bitcoin?

Simple four questions.



Your point seems to be that first mover advantage is everything. I agree, when comparing Bitcoin to alt coins. But I don't consider forks of Bitcoin as alt coins. I see them as different implementations trying to reach the same goal.

I have no idea if LN will be free of goverment interference or not. Maybe some countries will force all Bitcoin transactions through government controlled nodes and sending freely on chain would be illegal (enforced by deep packet inspection). I don't think anyone really knows how LN will end up. I hold Bitcoin forks to hedge against the possibility of LN becoming a failure.
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November 24, 2018, 04:10:51 AM

[edited out]

I'm in Bitcoin more than just for profit.

Whatever that means.


What if what they say about LN trending towards centralization (and therefore government interference and control) comes true?

Who says?  Seems to show that you are relying on bullshit talking points.

LN remains voluntary and relatively small and experimental....  Long way to know how it is going to evolve and the extent to which it is going to be adopted.  Currently, you can transact directly on bitcoin, so bitcoin seems to be a long way before lightning becomes absorbed as a primary tool in bitcoin (assuming as you do that it becomes some kind of mandatory direction of bitcoin.. which still seems to be a BIG ASS assumption based on current developments).

What if BCH does live up to its promise of achieving massive on-chain scalability with low fees within the next few years?

That's a pretty fucking BIG IF, too, especially since currently bcash seems to be experiencing a pretty decently sized implosion.. and where are the fundamentals in bcash, anyhow?  Do you realize that no one is using bcash, but they still have nonsense talking points about which version within their self-destructive fight is going to take over the world?  Seems a bit farcical to bet on those kinds of long shots that have little to no community besides scammers and c-league players that could not figure out a way to contribute their skills (assuming they have some) in bitcoin?

These are possibilities I take into account.

Well, if something has about a .002184115% chance of happening, hopefully, you are not dedicating more than that resources to such a low odds bet?

I used to be a hard core maximalist, but I have changed my stance.

Yeah, right...  Roll Eyes Roll Eyes Roll Eyes   You became open-minded.

Your comments seem to demonstrate that you are stabbing in the dark and getting confused by dumb-ass talking points rather than becoming more enlightened as you seem to want to suggest, by your supposed conversion assertion.

t's much more than just bitcoin now, a whole industry is forming.

Yes..  As I already suggested, If you are trying to position bitcoin as some kind of supposed equivalent project, then you seem to be unable to recognize what bitcoin is actually bringing to the table - and accordingly you seem to becoming distracted by likely snake oil rather than the real deal.

I believe ICOs do have value.

Yes, they might have value... Is anyone saying that they don't?  You seem to be trying to suggest that they have some kind of equivalent position to bitcoin, and therefore, you seem to be out of touch with both giving them way too much weight and failing/refusing (or perhaps unable) to appreciate what is bitcoin.

They offer anyone in the world a chance to invest in projects they believe in.

Great.. good for them.

Go take your discussion to another thread.  This thread is not about all the dumbass ways that you might be able to make money in ICOs and crypto and other coins... If you have some kind of point in connection to bitcoin , then make your fucking point, yet there is no need to be describing all of the supposed value of various ICOs in this thread, when most of the people in this thread don't give a ratt's ass.  If you want to talk about bitcoin, then do it... and take your other shit somewhere else.

I don't collect tokens, but there are many projects I respect and are trying to improve the world.

Ok..  great.   Is anyone disrespecting other projects such as ICOs, here?   They are largely not relevant to this thread, unless you want to present them in terms of bitcoin (which you are not.. you are just making blanket statements and wanting to assume that they are equivalent to bitcoin in some general sense when the likely better assumption is that they are scams unless shown otherwise)...

Anyhow, we have more important matters, here, such as bitcoin / usd price walls to watch and other important matters such as discussions of racial superiority and hats.
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November 24, 2018, 04:13:11 AM

How much money has Rosewater lost from ATH so far?  

what's a Rosewater Huh
A slightly less prickly version of you.
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November 24, 2018, 04:14:01 AM

mY BeAnIe BaBiEs ArE gOiNg To MaKe Me So RiCh.
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How much alt coin diversification is needed? 0%?


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November 24, 2018, 04:14:44 AM

...think about sound money and network effects of bitcoin rather than...

Hey JJG, I just realized, you've engaged with a poster here earlier in the week, whom after looking at their other posts on their profile, smells and leans heavily to high-shill factor side. Funny how that poster doesnt bring all that to the WO thread.

You have quite the tolerance level.

I have a difficult enough time remembering what I posted a few hours ago.  Without a more specific reference, how would I be able to recall what I posted more than a day or two ago?   Tongue Tongue
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November 24, 2018, 04:17:16 AM

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November 24, 2018, 04:22:58 AM
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mY BeAnIe BaBiEs ArE gOiNg To MaKe Me So RiCh.
Say goodbye trolls


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November 24, 2018, 04:23:34 AM
Merited by bones261 (1)

Buttcoin is coming to an end.


Perhaps you ought to put together a well thought out post, giving us your reasons for coming to this conclusion. Enlarging your text does not make your warning very compelling.







ALL CAPS, DIRECTED HIGHLIGHTING , CHANGING THE TEXT COLOR AND REPETITION OF KEY WORDS WORKS MUCH  MUCH MUCH MUCH MUCH MUCH MUCH MOAR BETTER.  



SEE YOU READ THE CONTENTS OF THIS HERE POST, RIGHT?
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November 24, 2018, 04:38:17 AM
Merited by JayJuanGee (1), Last of the V8s (1)

Your point seems to be that first mover advantage is everything. I agree, when comparing Bitcoin to alt coins. But I don't consider forks of Bitcoin as alt coins. I see them as different implementations trying to reach the same goal.

Please advise how you feel that BCH met the criteria of Nakamoto consensus as briefly described in the last section of the white paper. AFAIK, the BCH chain never was the chain of most work at any moment. Also, the BCH chain was not compatible with the BTC chain from the moment it split due to it invoking replay protection. It's definitely an "alternative" to BTC and therefore is an altcoin. At least when BU was running on the BTC chain, it was totally compatible with BTC. It's emergent consensus would have let the miners decide via Nakamoto consensus how large the blocks were. BU qualified as a "different implementation." BCH ABC does not.

Quote
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.

https://bitcoin.org/bitcoin.pdf

I have no idea if LN will be free of goverment interference or not. Maybe some countries will force all Bitcoin transactions through government controlled nodes and sending freely on chain would be illegal (enforced by deep packet inspection). I don't think anyone really knows how LN will end up. I hold Bitcoin forks to hedge against the possibility of LN becoming a failure.
Since LN is a second layer, if it fails, then 1st layer, BTC, will still function. It is better to argue that segwit is somehow vulnerable or insecure. If true, and it can't be modified or patched. then that is an issue. However, I'm not certain it is indeed insurmountable to come up with a patch, as some would argue, if a vulnerability was found. May be quite painful, but not impossible.
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November 24, 2018, 04:40:36 AM



That didn't happen, really? Where?  I'll be so jelly but inspired to set some ridiculous low bids
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