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Question: What happens next?
$7,500 - 15 (50%)
$9,500 - 15 (50%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21433465 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. (129 posts by 23 users deleted.)
Toxic2040
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April 05, 2019, 03:26:35 AM
Last edit: April 05, 2019, 03:46:30 AM by Toxic2040

Good evening all.

The eight o'clock all is well report has just come in...ehem.

All is well.

We now return to our regularly scheduled programming.

------
bitcoin

Strong support at the $4.9k range has opened up a foothold for the path upwards as the battle for 5k continues. Slowly rising support levels have buoyed the flagging spirits of the Bulls as they gather their strength for the upcoming weekend assault. Bears also appear exhausted as sellers are unable to break below the strong 0.236 fib support.

The action is sure to heat up as we move closer to Friday so stay tuned folks.  Brought to you by #dyorandbtd's inc.TM
  
------

kingfisher sounds a call
1h


tall ships to the east
D

#stronghands'19
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The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
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April 05, 2019, 03:46:34 AM

https://www.newsbtc.com/2019/04/04/speculate-bitcoin-use/

"However, recent research indicates that emerging markets are rapidly getting into Bitcoin and their buying patterns suggest that their interest lies in more than simply speculation."

Dat organic adoption. Grin
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April 05, 2019, 04:34:50 AM

4h

#milkandcookies
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April 05, 2019, 04:51:52 AM
Merited by mindrust (1)

^^^
I remember me being a bit rude towards him as well, and he always countered me very polite, I (already longer time) massively changed my behavior towards him cause as you say, on BTC everybody can have his own OPINION, I do hate Jbreher's thought but @the same time he does own BTC as well .... so can't be so bad, later on he will regret of not being completely in BTC alone...
But I do remember me acting wrong towards him, common Jbreher go FULL BTC  Cheesy  Cheesy

You know mic I tried being polite to him in turn but then sometimes he's just massively cockish for no good reason and my desire to be polite flies out the window.

What some people (to the extent that they are "people") seem to fail/refuse to recognize and appreciate is that sometimes it is necessary to NOT be polite to trolls/shills.  

Some of the trolls/shills can be passive aggressive in order to attempt to cause more people to listen to their bullshit and their misleading information.  

Jbreher is like this, just like jstolfi was like this.  

Forum members like jbreher (including  yours truly), just like they liked jstolfi (I never did like jstolfi, even though he tended to be polite as fuck).
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April 05, 2019, 04:57:59 AM
Merited by infofront (1)

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April 05, 2019, 05:01:11 AM


How many people in this thread run their own node? One? Two?

One!


Cool. I'm actually interested to know the answer to that question...

Was it LFC that was running a Lightning node for a while? I know somebody was...

Everyone who runs a node please raise your hand.


I don't run anything at the moment.

Maybe we could get infofront to structure a poll around this question?  You know how good he is at structuring specifics into his polls.  














NOT


hahahahahahaha *****

(*****  A joke that is partly based on reality... NO need to take it personally, infofront, right?)
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April 05, 2019, 05:19:43 AM

Good morning !

WO,s  thread is the Full Node.  Wink
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April 05, 2019, 05:20:38 AM

^^^
I remember me being a bit rude towards him as well, and he always countered me very polite, I (already longer time) massively changed my behavior towards him cause as you say, on BTC everybody can have his own OPINION, I do hate Jbreher's thought but @the same time he does own BTC as well .... so can't be so bad, later on he will regret of not being completely in BTC alone...
But I do remember me acting wrong towards him, common Jbreher go FULL BTC  Cheesy  Cheesy

You know mic I tried being polite to him in turn but then sometimes he's just massively cockish for no good reason and my desire to be polite flies out the window.

What some people (to the extent that they are "people") seem to fail/refuse to recognize and appreciate is that sometimes it is necessary to NOT be polite to trolls/shills.  

Some of the trolls/shills can be passive aggressive in order to attempt to cause more people to listen to their bullshit and their misleading information.  

Jbreher is like this, just like jstolfi was like this.  

Forum members like jbreher (including  yours truly), just like they liked jstolfi (I never did like jstolfi, even though he tended to be polite as fuck).

Im with you on Stolfi. He was a true piece of shit. I regret not having more of a chance to go after him, but he split right after I slayed/outed Kaminska and never returned. I still rub it in on twitter to both of them every now and then. I believe the bull market was rough on the old mans health and pockets(lets be real, we know he was shorting BTC) and he never had the courage to return.

Big difference between Jbreher and Stolfi is Stolfi would willingly mislead, and pretend that everything about Bitcoin was shit, when he knew it wasn't. Stolfi like Kaminska would use the WO as a sounding board to craft and hone their deceptive bear arguments. Kaminska tried to monetize this with her Financial Times job by writing tons of anti Bitcoin articles, and Im sure Stolfi was at least plotting to write an anti Bitcoin book or something of the sort(probably shopped it around constantly and couldnt get a publisher).  

The one thing all uber banker bear shills have in common is they have hopes and ambitions of monetizing their hate for Bitcoin. Stolfi was such a loser, he couldnt figure out how and gave up.

Jbreher seems to just have his own sincere opinions about what is best for Bitcoin and isnt ready to concede defeat in the Scaling Debate that most of us already consider to be over and won.  Also last I remember he still is a devoted long time hodler of Bitcoin, which makes him alright in my book.  Smiley
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April 05, 2019, 05:28:52 AM



Roach shot his mom's boyfriend bc he tried to touch him Shocked
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April 05, 2019, 05:57:50 AM

I fomo bought $200 worth of bitcoins today from the $5000 price tag. After all those years, I still fall for this old trick.

I bought some from $15k too after all. $5k looked very cheap compared to that.

Long-term you are very likely to be fine.

I have told my own story before.. not without exact details, but throughout 2015 I had been relatively reserved in my BTC buying so I had a bit of an extra stash of money that was just waiting to buy BTC if the price stayed flat or if it went down.  

So when BTC prices shot up from upper $200s to $500 in less than a week, in early November 2015, I ended up buying very close to the $500 price with a large portion of my reserve cash.. almost all of it, if I recall correctly.

BTC price then dropped back down to $300 and largely bounced around between $350 and $450 for more than 6 months... so that one dumbass FOMO buying of mine did not become profitable until after the end of May 2016.. when BTC finally went above $500 again, and never to be revisited.

That mistake continues to come to my head when I think about how to approach my BTC, and I wonder whether we can really learn how to buy on dips, accumulate BTC and strategize our attempts to be profitable without having some of these kinds of experiences that really teach us on a very personal level.  

My point, in part, is that 2015 was a very struggling year for me in terms of cashflow, and all year long I was building my fiat cushion, and really that fiat cushion was to buy BTC, but I was always anxious about having enough of a fiat reserve and probably also feeling a bit shell shocked too because I did not always have money to buy as much BTC as I wanted when the BTC price would dip in great ways from time to time and more than I was prepared for.... So, yeah, I blew at the local top of $500 nearly all of that built up armored fiat that I had in my reserves.. and kind of shut myself out (partially handicapped myself) of doing as many things until those coins became profitable again... almost  7 months later.

By the way in early November 2015 when I bought at $500, I was calculating that I was getting out of the negative zone, and my mental state was pondering that I was never again going to be able to buy BTC under my average cost per BTC because I saw the BTC price going UP and UP and UP... stupid and a bit embarrassing when I think back on my own, in the moment, excitement based reasoning.
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April 05, 2019, 06:01:13 AM

Can people stop engaging Jbreher. If I want to read his bullshit I'll go to /r/btc. He's beyond salvation.

Weak moderation ore friends politics. Not amused.

Going to move on i don't want to be part of this endless bullshit.

Jbreher and other trolls can do what they want...
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April 05, 2019, 06:39:36 AM

And the fair value of Bcash?? LoL

Troll.

LoL.
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April 05, 2019, 07:51:01 AM
Merited by JayJuanGee (1), Bitcoinaire (1)

https://twitter.com/woonomic/status/1113971442801094658

New thread from Willy Woo. My interpretation is -  "oops I think I was using bad data for muh NVT and looks like bottom is already in.."  Cheesy

I expect Tone and Tyler will come up with some cop outs before too long.  Roll Eyes

They can try an fight the daily BTCaby BTCull Market count, but it wont work, we get stronger every day.

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April 05, 2019, 07:55:29 AM

Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

We will cross that bridge when we get there.  

If this price pump continues, we could get there next week. Unfortunately, there is no solution on the horizon under discussion.

And, get the fuck out of here with your exaggeration that there is no plan in BTC..

OK, JJG. Tell me what the plan is to deal with the fact that once blocks are persistently full, then average fees rise uncontrollably, average wait times raise uncontrollably, LN channel openings and closings get economically prohibitive, and number of new entrants gets hard-capped.

What is the plan, JJG - what is the plan?

Bitcoin don't no need additional plan,

So you admit that the bolded statement of yours above was an untruthful attack.

Nope.  I am not admitting that bitcoin has no plan. I am just cursorily dismissing your assertion that whatever is going on in bitcoin is deficient in terms of preparing for the future. 

I like bitcoin's conservative approach.  I recognize that there are a lot of technical matters in development, and even that there is current buildings upon segregated witness, lightning network and other layer 2 solutions that are adequately allowing bitcoin to scale as we go.. and the systems in place are sufficient for that too that include building incentives for developers and miners and even end users that continue to build.

Likely you are feeling your oats in recent days because bcash variants had spurts in which they pumped a higher percentage than BTC, so you want to contribute to bullshit FUD spreading to bash on fictitious "problems with BTC" based on bad and outdated data including a spam attack that was paid for in late 2017 and early 2018 - even though it is seeming less likely that bcash nutjobs are going to be able to afford to employ another 2 month long spam attack like you freaks carried out during that time and you are still relying on that data to spread your bitcoin is broken propaganda.

By the way, I do have some of my own personal uses of bitcoin, so I know how fees adjust to changing dynamics, and I even had some transactions that were locked up for up to 2 months in late 2017/early 2018. I also had a lot of high transaction fees during that time in December 2017 and January 2018.

Since January 2018, I have likely had in the neighborhood of more than 100 on chain transactions for all kinds of amounts sometimes sent with normal fees and sometimes higher priority fees and lowball fees.  The fee adjustment based on demand remains amazing.. largely low as fuck since January 2018 and transaction goes through quickly.

 By the way, on April 2 and 3, I noticed that onchain fees had gone up from a day or two earlier, and I sent 4 onchain BTC transactions, each of them was valued between $3k and $9k. 

1) One of them, I attempted to lowball the fee since I was sending to myself.. I included an "economy" fee of $.28 and regular fees were then $.78 (took about 41 hours to go through)
2) & 3)  two of them I sent with regular fees,  $.55 and $.78 respectively (went through in 30 minutes and 5 minutes respectively)
4) one of them, I sent with high priority, $1.41 (went through in 6 minutes)

On March 31, I had sent two on chain BTC transactions, and the fees were lower than they were on April 2 and 3:

1) I sent nearly $600 by regular fees and the fee was $.04 and went through in 47 minutes

2) I sent about $1,000 by priority and the fee was $.46 and went through in 25 minutes

This is reflective of my experience, and in recent times, only rarely do I attempt to low ball fees and the transaction gets stuck for more than a day.  If the BTC traffic gets high, then miners will skim off the top with the highest fees going through first.  Works great.... so far.



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April 05, 2019, 07:59:33 AM

It seems to me that we have ceded a great deal of influence on BTC development to a single corporate entity.

Oh my... even jojo buying into and spreading stupid ass fud.

It seems to me that we have ceded a great deal of influence on BTC development to a single corporate entity.

Maybe... except we haven't really "ceded" anything as "we" didn't have any real influence over that outcome.

Also I am not completely sure about how much real influence they do or not have. I mean, they for sure do have a lot but.... too much? Donno.

I will be clear... I am 100% for L2 as a scaling solution, but I am also advocating for a CONSENSUATED linear blocksize increase in the near future.

For full disclosure: I was even pro Segwit2X at the time..... *if* it have had CONSENSUS, which it didn't.

And I still think that had Segwit2X went thru, all other forks would already be in the grave instead of just agonizing.

Oh my... bitserve, too.   Roll Eyes

blocksize increase would not have stopped the stupid ass forks.. unless it were to break bitcoin, which was part of their goal to change bitcoin's governance and make bitcoin easier to change..... which takes away almost any uniqueness that bitcoin is providing in terms of decentralization that currently exists in bitcoin and only in bitcoin.  So get it out of your head that any block size increase is coming soon, unless it is actually necessary.. maybe a few years? Maybe 10 years?   Maybe a blocksize increase is not necessary, and just get it out of your head.  Play it by ear. Let's see?

Regarding skepticism of blockstream.. get involved if you want to meet those folks .. it is not that BIG of a community, if you really want to get involved, then just do it.  Otherwise, we can also decide how much we want to invest into BTC versus other cryptos or other projects, and bitcoin seems to be the best game in town, at the moment.. far exceeding all others.  Name one that is even close to it.
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April 05, 2019, 08:10:14 AM



I reckon it was my guy micG!
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April 05, 2019, 08:20:25 AM



Mmmmm that explains his absence in here....

Thought he wasn’t here cause of that small pump Roll Eyes
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April 05, 2019, 08:25:08 AM

Dammit what is wrong these last days, again woke up pretty late, as just right now F***

Good “late” morning WO’s

Weekend is uppon us

And only one page from last evening, a almost FULL JJG page .... pffff gonna read it when i arrive @ a coffee house/place

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April 05, 2019, 08:30:11 AM

Good morning WO.
I am up early then my usual LOL
Happy weekend ahead.
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April 05, 2019, 08:33:44 AM
Merited by VB1001 (1)

Dammit what is wrong these last days, again woke up pretty late, as just right now F***

Good “late” morning WO’s

Weekend is uppon us

And only one page from last evening, a almost FULL JJG page .... pffff gonna read it when i arrive @ a coffee house/place

I've outdone myself...


Exhausted, but cannot leave my keyboard.

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