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

[El duderino_]

Voting poll is early this time.

Voted already, $6,000 over, here we go.

Good morning WO

The morning wish for me is to wish for your wish to be fulfilled. 🙂

If price hits $6k then people will go crazy with the buy order.

Bitcoin price $4,028

Literally walking to the bank now with £200 to buy more corn.

A walk with a big future uppon it

[1614294298]

1614294298

[1614294298]

1614294298

[1614294298]

1614294298

[ProfTP]

Baaaaaaaaammmmm!

[ivomm]

Pamp it  

[JSRAW]

Literally walking to the bank now with £200 to buy more corn.

Chances are no one will ask the question for this little amount but in case someone asks casually then make sure you let them know that you are going to buy BTC with this money

[HairyMaclairy]

difficulty is adjusted so blocks are produced every 10 minutes

Maybe I am being retarded but where does the measuring stick come from?  How does Bitcoin know how long “10 minutes” is?

By comparing the timestamps of the last 2016 blocks and seeing how closely it comes to the 14 day target. Difficulty is then adjusted up or down to try and reach that target of time it took to generate 2016 blocks. Its sort of circular but once you wrap your head around it not so bad.

Ok I understood how difficulty is recalibrated but forgot about time stamps. And have never looked at time stamps as an attack vector.  Here is a description of how time stamps are validated.  

Still trying to wrap my head around it.

Each block contains a Unix time timestamp. In addition to serving as a source of variation for the block hash, they also make it more difficult for an adversary to manipulate the block chain.
A timestamp is accepted as valid if it is greater than the median timestamp of previous 11 blocks, and less than the network-adjusted time + 2 hours. "Network-adjusted time" is the median of the timestamps returned by all nodes connected to you. As a result, block timestamps are not exactly accurate, and they do not even need to be in order. Block times are accurate only to within an hour or two.
Whenever a node connects to another node, it gets a UTC timestamp from it, and stores its offset from node-local UTC. The network-adjusted time is then the node-local UTC plus the median offset from all connected nodes. Network time is never adjusted more than 70 minutes from local system time, however

https://en.bitcoin.it/wiki/Block_timestamp

[ErisDiscordia]

Hi guys, what's up?

I've been hibernating for the past year or so but spring has come and I feel like things are going to start moving soon.

Who's still here observing walls?

[HairyMaclairy]

^Welcome back man.

[El duderino_]

^
That man

[HairyMaclairy]

Breakout. Look at that volume - solid.  This is how we do. 

[ProfTP]

4100$ today?

next hour?

[Cryptotourist]

Who's still here observing walls?

##

[ivomm]

If we break the resistance range $4100-4200 in the next days, it will be a strong sign that the bulls are in control. Taking back the once strong support at $6000-6400 is inevitable this year.

[El duderino_]

4100$ today?

next hour?

Let see what happens but it could be very possible

Dammit gain 7 merit in 1hour and 14 minutes so you can join the game
You seem to be a good asset/future member to the WO

[LFC_Bitcoin]

If we break the resistance range $4100-4200 in the next days, it will be a strong sign that the bulls are in control. Taking back the once strong support at $6000-6400 is inevitable this year.

Music to my ears brother. The sun is shining & the future looks good. Have a great Friday gentlemen.

[BitcoinGirl.Club]

I am seeing $4,064
Bored 🤭

[BitcoinGirl.Club]

Music to my ears brother. The sun is shining & the future looks good. Have a great Friday gentlemen.

I am waiting to see City lose a point LOL

[El duderino_]

If we break the resistance range $4100-4200 in the next days, it will be a strong sign that the bulls are in control. Taking back the once strong support at $6000-6400 is inevitable this year.

Music to my ears brother. The sun is shining & the future looks good. Have a great Friday gentlemen.

same @my place, just putted myself in the sun, order some food and gonna be closing the list in about 1h and a few minutes
its crowded there

[El duderino_]

Music to my ears brother. The sun is shining & the future looks good. Have a great Friday gentlemen.

I am waiting to see City lose a point LOL

indeed a dumb draw please THX

[ProfTP]

4100$ today?

next hour?

Let see what happens but it could be very possible

Dammit gain 7 merit in 1hour and 14 minutes so you can join the game
You seem to be a good asset/future member to the WO

i would love to join your game and put my number there just to take part in that fun and to increase my stash.

if the price breaks 4100$ and never comes back down i would also be happy.

i guess you can only have one, but who knows thats bitcoin, everything is possible...

who has some merits for me?

[El duderino_]

haha loved this one just noticed it when i was adding some on the game (just merited a post could merit the avatar )


of-course this also provides JJG some very strong evidence on his delusional thought about the Micg team could actually be right