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

[jbreher]

https://i.imgur.com/Wpnnssp.png
https://twitter.com/girevik_/status/1082381014033485824
n.o.d.e.s
@jbreher and all bcash lollers
also @VB1001

I don't know what you're on my case for. Are you implying that if the ETC officials ran more nodes, that this attack would not have happened? If so, you are 100% incorrect. Such fully-validating non-mining clients are powerless to stop rollback attacks made by overwhelming hashpower.

Besides, I run a fully-validating non-mining client. Several in fact. However, I am not under the widespread delusion that this provides the system as a whole any benefit.

Fully-validating non-mining clients got segwit shoved through, albeit indirectly.

I will grant that one way at looking at that situation was that miners looked at statements by all those sybillable non-mining fully-validating clients, and interpreted them as a valid measure of economic support. But we'll likely never know. Regardless, the battle was never fought. Which, while being the ultimate form of victory, leaves the 'what if' question as an unsettled matter.

Are you implying that if the ETC officials ran more 'nodes', that the above described attack could not have happened?

[jbreher]

Bitcoin can be the dominant crypto in the entire world and handle the world at large without a first layer privacy solution.

<edit> barring some breakthough in life extension technology, </edit> You'll be dead before BTC -- augmented with LN -- can onboard the world at large. At least in a trustless, permissionless manner, which is kind of central to the Bitcoin vision. FACT.

How does that bit of news FEEL to you?

Makes me FEEL that you suffer from deluded ingroup confirmation bias.

But I know nothing I say will affect your iron will. Carry on.

But you FEEL that some BCash variant can do what Bitcoin^TM, in your opinion, cannot? And you call me deluded jbreher?

Fuck off dude. Carry on with your delusion. BCash and all it's forks are already zombie shit. Nobody cares.

Deflection away from actually addressing my counterpoint is duly noted.

[jbreher]

https://twitter.com/girevik_/status/1082381014033485824
n.o.d.e.s
@jbreher and all bcash lollers
also @VB1001

I don't know what you're on my case for. Are you implying that if the ETC officials ran more nodes, that this attack would not have happened? If so, you are 100% incorrect. Such fully-validating non-mining clients are powerless to stop rollback attacks made by overwhelming hashpower.

Besides, I run a fully-validating non-mining client. Several in fact. However, I am not under the widespread delusion that this provides the system as a whole any benefit.

no disingenous dumbass. not stopping the attack. raising the alarms in good time. knowing what's happening to your money.

So... non-mining fully-validating clients provide no protective role. Got it.

And I guess 'in good time' is only in retrospect.

I never indicated that those who care to monitor things for themselves should be prevented from running their own monitoring client. I reiterate: I run a fully-validating non-mining client. Several in fact.

you disingenuous dumbass 

[jbreher]

https://twitter.com/girevik_/status/1082381014033485824
n.o.d.e.s
@jbreher and all bcash lollers
also @VB1001

I don't know what you're on my case for. Are you implying that if the ETC officials ran more nodes, that this attack would not have happened? If so, you are 100% incorrect. Such fully-validating non-mining clients are powerless to stop rollback attacks made by overwhelming hashpower.

Besides, I run a fully-validating non-mining client. Several in fact. However, I am not under the widespread delusion that this provides the system as a whole any benefit.

no disingenous dumbass. not stopping the attack. raising the alarms in good time. knowing what's happening to your money.

Or you know, useful and beneficial things like stopping the miners arbitrarily increasing the monetary supply. 

Utterly powerless to do so. All they have the ability to do is fork themselves off the chain the miners are creating.

If instead you are speaking of the users abandoning the chain, that is another matter altogether, wholly unrelated to anything a fully-validating non mining client can do.

[infofront]

https://i.imgur.com/Wpnnssp.png
https://twitter.com/girevik_/status/1082381014033485824
n.o.d.e.s
@jbreher and all bcash lollers
also @VB1001

I don't know what you're on my case for. Are you implying that if the ETC officials ran more nodes, that this attack would not have happened? If so, you are 100% incorrect. Such fully-validating non-mining clients are powerless to stop rollback attacks made by overwhelming hashpower.

Besides, I run a fully-validating non-mining client. Several in fact. However, I am not under the widespread delusion that this provides the system as a whole any benefit.

Fully-validating non-mining clients got segwit shoved through, albeit indirectly.

I will grant that one way at looking at that situation was that miners looked at statements by all those sybillable non-mining fully-validating clients, and interpreted them as a valid measure of economic support. But we'll likely never know. Regardless, the battle was never fought. Which, while being the ultimate form of victory, leaves the 'what if' question as an unsettled matter.

Are you implying that if the ETC officials ran more 'nodes', that the above described attack could not have happened?

No. I was addressing:

I run a fully-validating non-mining client. Several in fact. However, I am not under the widespread delusion that this provides the system as a whole any benefit.

Which makes me wonder why you bother running the clients.

[Hueristic]

https://twitter.com/eth_classic

https://twitter.com/etherchain_org/status/1082329360948969472

ETC is likely to have undergone a 51% attack.

I'm accepting donations to Barry Silbert via my usual address.

Well, that escalated quickly

Wow, just wow. In a prior crypto life (like just a few years ago), it was reasoned that the coin holders would consider a successful 51% attack as a full-out compromise of the chain, and dump everything, never to return.

Now they just keep holding the coin, and the devs keep shilling. They even mentioned successful double spends!

What a fucked up crypto world we live in now. I guess you can't fix stupid.    

Case in point VERGE.

[infofront]

As an aside, I wonder if the 51% attack will negatively affect confidence (and price) in other IOHK projects, like Cardano.

[Hueristic]

I would never use a wallet that has the potential to jump an air gap.

fucking BINGO

I guess you really do read every post in here.

I read 'em all

I try but its not possible for me.

[Hueristic]

As an aside, I wonder if the 51% attack will negatively affect confidence (and price) in other IOHK project, like Cardano.

Doubt it those shitcoins that get double spent are only held by speculators that care nothing about the underlying tech.
Just greed, really Verge is the perfect example.

[Paashaas]

https://twitter.com/girevik_/status/1082381014033485824
n.o.d.e.s
@jbreher and all bcash lollers
also @VB1001

I don't know what you're on my case for. Are you implying that if the ETC officials ran more nodes, that this attack would not have happened? If so, you are 100% incorrect. Such fully-validating non-mining clients are powerless to stop rollback attacks made by overwhelming hashpower.

Besides, I run a fully-validating non-mining client. Several in fact. However, I am not under the widespread delusion that this provides the system as a whole any benefit.

no disingenous dumbass. not stopping the attack. raising the alarms in good time. knowing what's happening to your money.

Bigblocker Jbreher loves those 2000T blocks. He wants those heavy data centers. Even if we lose Nakatomo Consensus, he doesn't care. Just tunnelvision 'centralise' everything.

Jbreher is not a profiled educated person because he copy/paste to many lines, with a lot of nonsence, he's a wannabe.

You can discus with Jbreher about all kind of subjects but when i comes to crypto do not trust him.

[luckygenough56]

no one gives a crap about etc

[bitserve]

JFC, whats up with the tens of merits being thrown here and there? Have everybody got a merit supply injection from Theymos or what?

I recieved a chunk from bigblocker Jbreher, here have 10 back 

Wow! Thank you very much, sir! Will spend them wisely!

[jojo69]

I would never use a wallet that has the potential to jump an air gap.

fucking BINGO

I guess you really do read every post in here.

I read 'em all

I try but its not possible for me.

WO is the only "social media" I engage...so there's that...

[nutildah]

n.o.d.e.s
@jbreher and all bcash lollers
also @VB1001

I don't know what you're on my case for. Are you implying that if the ETC officials ran more nodes, that this attack would not have happened? If so, you are 100% incorrect. Such fully-validating non-mining clients are powerless to stop rollback attacks made by overwhelming hashpower.

Besides, I run a fully-validating non-mining client. Several in fact. However, I am not under the widespread delusion that this provides the system as a whole any benefit.

no disingenous dumbass. not stopping the attack. raising the alarms in good time. knowing what's happening to your money.

Bigblocker Jbreher loves those 2000T blocks. He wants those heavy data centers. Even if we lose Nakatomo Consensus, he doesn't care. Just tunnelvision 'centralise' everything.

Jbreher is not a profiled educated person because he copy/paste to many lines, with a lot of nonsence, he's a wannabe.

You can discus with Jbreher about all kind of subjects but when i comes to crypto do not trust him.

jbreher thinks CSW is a rational business man, and possibly Satoshi Nakamoto... need I say anything else? Not really. He's actually a pretty good reverse barometer when it comes to crypto -- when he says something, you can do the opposite and profit.

[JimboToronto]

WO is the only "social media" I engage..

Does that mean we can "unfriend" certain posters?

[HairyMaclairy]

I'm not going to bother replying in detail to Jbear's misconceptions because its not worth my time.  It won't change his mind and no one here believes him anyway.

[nutildah]

yeah, i lost my only chance to buy cheap bch at $92

Yup! BCH price was going up very fast, i missed the chance to buy at below $100

Of course, next week you may be looking back thinking 'I should have bought when it was below $300'. Don't be that guy.

jbreher wrote this when BCH was ~$195. One week later it was down to $165. Its currently at $159. Then in other threads he claims that his trades are somehow magically still profitable  

jbreher, want me to dig up the quotes where you said CSW's (empty) threat letter to Ver was rational, or how you said there's a chance he's Satoshi? Specifically you said you don't know he's _not_ Satoshi. Well, I know. Pretty much everybody does who is not completely delusional about BSV.

[jojo69]

WO is the only "social media" I engage..

Does that mean we can "unfriend" certain posters?

It's called the ignore button man, it's awesome.

[Toxic2040]

In case you are curious about the Ichimoku Cloud here is a short primer.

    Tenkan Sen - moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days
    Kijun Sen - moving average of the highest high and lowest low over the last 26 trading days. (Highest high + Lowest low) / 2 over the last 26 trading days.
    Senkou Span A - the average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead. (Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
    Senkou Span B - the average of the highest high and lowest low over the last 52 days, plotted 26 days ahead. (Highest high + Lowest low) / 2 over the last 52 trading days plotted 26 days ahead.
    Chikou Span - the closing price plotted 26 days behind.

Ichimoku - Senkou Span A And Senkou Span B

==========
Senkou Span A - 1st leading line

The average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead.
(Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead

The Senkou Span A, also known as the 1st leading line, is a moving average of the Tenkan Sen and Kijun Sen and is plotted 26 trading days ahead, i.e. into the future. It is primarily used in combination with the Senkou Span B to form the Kumo (cloud), to indicate probable future support and resistance levels.

As price tends to respect prior support and resistance levels, time-shifting this line forward gives a visual representation of how the price on a date relates to support and resistance from 26 trading days prior.

The trend is deemed to be bearish when the Senkou Span A is below the Senkou Span B and bullish when it is above.

==========
Senkou Span B - 2nd leading line

The average of the highest high and lowest low over the last 52 days, plotted 26 days ahead.
(Highest high + Lowest low) / 2 over the last 52 trading days plotted 26 days ahead.

The Senkou Span B, also known as the 2nd leading line, is a moving average of the highest high and lowest low over the last 52 trading days is plotted 26 trading days ahead, i.e. into the future. As such it is the longest term representation of equilibrium in the Ichimoku system. It is primarily used in combination with the Senkou Span A to form the Kumo (cloud), to indicate probable future support and resistance levels.

As price tends to respect prior support and resistance levels, time-shifting this line forward gives a visual representation of how the price on a date relates to support and resistance from 52 trading days prior.

The trend is deemed to be bearish when the Senkou Span A is below the Senkou Span B and bullish when it is above.

------------
Looking at the weekly cloud with different settings. These setting were developed for legacy trading markets and dont fully take into account the 24/7 nature of crypto and bitcoin. Changing these settings can produce radically different looking charts but the information is the same. It is just a matter of learning what is going on in the chart and using it to your advantage.

We still sit below the tenkan sen and kijun sen and continue to be drawn towards them. This coincides with us being below the TK, as now the trend is to follow the span B which is the upper part of the cloud now. We are sitting below that 2.618 fib and it looks like it might rise over the next few weeks. The median at the 0.618 fib might be within reach if the market decides to continue to rebound.
9/26/52/26


As we creep along the underside of the cloud a little upwards and sideways followed by a little more upwards until April. July oh my..
18/52/104/26


The cloud is showing a twist or change over in the end of April it looks like. As shown on the the two previous charts a twist can indicate extreme volatility. Also of interest is the spike in mid Summer followed by a long cold Fall. Then came Winter.
18/52/104/52


Look at and use multiple sources of data and try to paint a coherent picture is all you can do. And most important of all, is this is subject to change without notice...just in case you'd forgotten.
#stronghands'19

[HairyMaclairy]

yeah, i lost my only chance to buy cheap bch at $92

Yup! BCH price was going up very fast, i missed the chance to buy at below $100

Of course, next week you may be looking back thinking 'I should have bought when it was below $300'. Don't be that guy.

jbreher wrote this when BCH was ~$195. One week later it was down to $165. Its currently at $159. Then in other threads he claims that his trades are somehow magically still profitable  

jbreher, want me to dig up the quotes where you said CSW's (empty) threat letter to Ver was rational, or how you said there's a chance he's Satoshi? Specifically you said you don't know he's _not_ Satoshi. Well, I know. Pretty much everybody does who is not completely delusional about BSV.

One example by picking a random date:

Beecoin Crash at 0.072.  Might be a good trade

My standing orders have been getting hit.