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

[jbreher]

-On the other hand if BTC1MM gets dumped across exchanges, even with a signed message of "i'm not CSW", might bring BTC to its knees.

BTC1M dumped wouldn't change the fundamentals. Bitcoin would bounce right back.

Purely theoretical but BTC1M + short leverage can do a lot of damage. Think of BTC10k dumps every single day for next 100 days. Despite the fake volume, market is pretty illiquid, blockchain would not be usable and not sure if we could get enough miners to mine at a loss long enough to get through this. Or just flood the mempool keeping cost of transaction at $50 for few years

Yeah... about that ... That's an architectural design problem.

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[jbreher]

You are a smart guy.  You have designed hardware storage controllers.  How on earth do you not see the amazing bullshit happening right before your eyes???

Jbreher is not a hardware storage disigner that was a blatant lie ...lol.

Even if he is, it doesn't mean anything. OTOH, being associated with, or supporting the work endorsed by Wright, Ver, Wu and Ayre can tell a lot about a person's motives, morals, and overall attitude towards Bitcoin and what it stands for.

OK, Mr/Ms high-and-mighty. Are you absolutely sure that each and every thing that you support is endorsed by exactly zero characters of ill repute?

(Well, you said "Wright, Ver, Wu and Ayre". Accordingly, feel free to substitute 'less than four' for 'exactly zero' above)

Well, I guess that some of the things one supports could be endorsed by characters of ill repute. After all, many things happen in the background, that we are not aware of. What matters is how we react when we become aware of such characters, and their level of involvement and influence in the things we support.

In the case of BCH and BSV, the evidence of this happening is overwhelming, and those figures I mentioned are at central stage. Frankly, having followed your posts in this thread, I find it difficult to believe that you can remotely agree with (or not at least criticize) the behaviour, actions, and attitude of those people.

The people are irrelevant. Well, at least inasmuch as they do not make up the bulk of the market.

Nay, the only thing that matters in relation to a blockchain system -- on a fundamental level -- is its technical design attributes.

What is it my dear departed maternal gramma used to tell me? Oh yeah. "...and small minds discuss people."

[criptix]

A lot of fuckery ahead of us:

https://www.coindesk.com/beyond-kyc-global-regulators-appear-set-to-adopt-tough-new-rules-for-crypto-exchanges

[vroom]

A lot of fuckery ahead of us:

https://www.coindesk.com/beyond-kyc-global-regulators-appear-set-to-adopt-tough-new-rules-for-crypto-exchanges

They will make it harder to buy bitcoin for the average joe while opening up for instituions with etfs. the time for cheap and easy accessible bitcoin is running out, buy more while you can

[Last of the V8s]

^nice one criptix. I've shared it twice so far, but it bears repeating. The sheep will bleat when this reifies.

(referring to a Wechat photo)

Seems someone did it purposely just around the same time BSV pumped just an hour ago.

Completely fake news but “real enough” to trick many Chinese retails

The trick is easy and constantly used by many scams - all chinese  crypto media circulate the breaking news via picture as above in wechat, instead of news link. So anybody can just use the same theme template and photoshop one ☝🏻 like above

It reads “CSW transferred 50k BTC from the biggest BTC wallet to Binance, which confirmed he is the real Satoshi. As such CZ will re-list BSV and make an official apology on Twitter”

it’s fake af but many retail will believe it for a while before they figure out it’s fake

I don’t know how much this contribute to the pump, but this fake news snapshot went viral in many Chinese retail groups around the same time and folks (thought it was real) got super excited abt it 🙄🙄🙄

CHINESE RETAIL IS THE BEST HERD EVER

The SV clownshow used this tactic before to move markets, when theymos and I saw a similar photo going round on a fateful day.

Jihan is reported to have said a few hours ago regarding the BCH fork, "I have no intention to start a hash war with CSW, because if I do (by relocating hash power from btc mining to bch mining), btc price will dump below yearly support; it may even breach $5000. But since CSW is relentless, I am all in to fight till death!" I think he or someone aligned with him dumped on low volume in order to send some kind of message, though I'm not sure what that message is supposed to be: there really shouldn't be much fundamental relationship between hash power and prices except insofar as it causes technical issues (eg. slow blocks -> higher fees), but no BTC issues seem likely here.

was re this fakery https://twitter.com/PandaofBinance/status/1062695905768263680

lol i didn't post that theymos fud earlier because too fuddy and unsourced but w/e
his point is ok of course

The moral of the story? notbad manipulation tactic there by the SV clownshow, but we are forearmed to defuse such fuddery.

edit: the gutter press reiterates https://www.coindesk.com/scammers-boost-bsv-price-with-fake-satoshi-confirmation

[jbreher]

this is my view also. by showing he can and will, at his slightest whim manipulate btc/bch/bsv for his own (or his masters) benefit will show the world that btc/bch/bsv are nothing more than a single, vindictive persons personal playground.

What kind of delusional mental gymnastics does it require to view Satoshi re-establishing the supremacy of his initial design -- after it had been shanghaied by a cabal of latecomers who almost to a man decided early on that Bitcoin would never work -- as being either 'at the slightest whim' or 'his own benefit'? That's rather insane.

bsv will "follow all laws" i think he mentions too (correct me if im wrong). you know, so clawbacks, confiscation and blocking funds can be done by those countries. which countries? USA? Venezuela? UK? China? Russia?

Yet -- if it is CSW's utterances to which you refer -- he advocates a return to the protocol enshrined upon release of 0.1 in perpetuity. If you can find some way to explain how that design -- a permissionless one at that -- can be used to implement clawbacks, confiscation, and blocking funds, I'm all ears.

[BitcoinGirl.Club]

Good evening WO brothers.

Observing @ $8,721

By the way, I am wondering what will be jbreher's thought in it,

Well, it looks like you idiots finally realized that BSV is the real bitcoin and are now buying it.  BSV is up to 190.  Just a week ago before the US government admitted CSW is actually Satoshi, it was down at 67. 

You dummies might be slow, but you finally figure things out. 

Keyword: "the real bitcoin" 🤣

[BitcoinGirl.Club]

I left my response already though

Take it or leave it but here is my advise.
Sell now or you may regret later. If you have bought around 67 - 80 then it's time to sell. Those who are buying now is surely going to lose their money.


And what makes it real bitcoins LOL. Just because Craig said?

[JayJuanGee]

It's going to dump slow but steady soon ending at $2500 before the year is out imho.

The retarded FUD flying around at the moment is hilarious.  You guys really fucked up not buying in the $3ks. You had months to do it.

I had a said to JJG on this thread in March 2017, it would hit 3-4k.  it did.

Get the fuck out of here with your lame ass attempts at historical revisionism.

Yeah, perhaps you made some "cover your ass" posts that were the opposite of you overall and ongoing bear-ish bullshit nonsense.

Historically, the thrust of many of your posts have been to downtalk bitcoin prices, and there have been times that you admitted to having hardly any stash, so best case scenario, giving you some benefit that you might be genuine, you are some rinky-dinky bitcoin player rather than a paid shill.

Regarding your self-proclaimed sorcerer status, would not matter to me whether you are a bear or a bull (although I tend to be tougher on bears than bulls because they tend to be more full of shit in their ongoing attempts to denigrate bitcoin), most regular members here are going to recognize that any attempts to apply certainty to BTC price movements are shots in the dark, at best - yet it is much more reasonable to give decently high odds that long term price movement of BTC is up.... even if that level of UP ends up playing out much more conservatively than otherwise anticipated.

Even though we experienced well over a 2x BTC price appreciation in less than 2 months, and we seem to be sustaining such 2x levels, to me it still seems prudent for any newbie to look at BTC in the longer term 5 years plus (or even 2 years plus) to have a decent amount of anticipation that btc prices are ultimately be higher than they are today down the road, and the confidence (or level of probability) could reasonably be higher the longer the timeline.  No need to go through too many exact numbers, but let's take the current $8,700 price, it would be much more likely that BTC prices will be above $8,700 5 years from now as compared with 2 years from now, even though there seem to be decent odds that even a 2 year timeline remains decently lacking in bearishness in terms of bitcoin at least retaining its current value.... and lots of us realize that 2 years from now there are likely to be a decent amount of supply pressures on bitcoin that are going to likely cause BTC prices to be in a real "good" place.

Now im saying this is a typical phase B of the elliot wave, and the volume confirms it.  

Yeah... good for you.

At this point, you can fuck your stupid-ass elliot waves, because the price pressures of bitcoin seem to be decently UP, even if we could experience a 30% or more correction from here that could last a month or two.  It seems that our two weeks ago quickie 25%-ish correction from $8,200 to $6,200 did relieve some need to take profits pressure and the recking of a few overly-optimistic longs.  So, whether we have another 30% or more price correction from here could be in the 50% territory rather than any kind of higher certainty that you seem to be assigning to such bullshit, not only in terms of the extent of the correction that you are expecting (which seems to presume that we are still in a bear market, while the evidence seems to be that we have transitioned out of such previous bear market).

The only hope for the bulls is that there is some massive entity buying up as much bitcoin as possible

No need to paint the situation in such a dire way, because the ongoing BTC buying pressure seems to be much more spread out than you give credit... so even if there is a decent amount of drop from here, let's say 30% or more, then we are going to have to see that play out empirically to verify if various new support levels are going to NOT hold.... You can go all the way down the line to see quite a few areas of support that have to be broken before BTC prices even get close to some area in which discussion of $2,500 would be vaguely reasonable.

Wake me up when (or if) $4,200 breaks, then I will be willing to consider your current FUD spreading pie in the sky lamentations.. of $2,500-ish....   .

, but seen as it probably is phase B, (low and decreasing volume) it's far more likely the big investors are waiting for a final capitulation towards the end of 2019.  

The kind of BIG investors that you are describing seem to be pretty stupid, to the extent that very many of them exist (and I will give you benefit of the doubt that there are some BIG investors who are stupid enough to be waiting for sub $3k prices and presuming, against odds, that the current local BTC bottom of $3,122 is not the final one for this cycle).  In other words, they better get their asses in soon, or at some reasonable price that is quite a bit higher than $3,122, otherwise they might find themselves chasing supra $10k prices.. and wondering what they did wrong.  Dumb fucks.   

[Last of the V8s]

Yet -- if it is CSW's utterances to which you refer -- he advocates a return to the protocol enshrined upon release of 0.1 in perpetuity.

0.1?
that had bugs, needed feedback
satoshi hung around here a long time ironing it out
he left us with 0.3.19 https://bitcointalk.org/index.php?topic=2228.msg29479#msg29479

[jbreher]

Watchtowers will be released in next LN update.

https://github.com/lightningnetwork/lnd/pull/3133

Great! Coming soon to a Lightning Network near you! The Trusted Third Parties required if you don't want to have your funds stolen while your node isn't online!

Of course, they can't economically be of value in any case where the tx fee for inclusion within the repudiation interval is higher than the funds at risk. But it makes good advertising copy.

[d_eddie]

Yet -- if it is CSW's utterances to which you refer -- he advocates a return to the protocol enshrined upon release of 0.1 in perpetuity.

0.1?
that had bugs, needed feedback
satoshi hung around here a long time ironing it out
he left us with 0.3.19 https://bitcointalk.org/index.php?topic=2228.msg29479#msg29479

Never mind the bollocks, V8. Jbreher can be a reasonable guy, but as soon as we touch one of his personal icons - be it Jihan, Ver or lately CSW - he becomes a smarmy religious zealot.

[JayJuanGee]

In the many worlds quantum interpretation, there's a world in which JayJuanGee touches a doorknob and the atoms rearrange themselves into physical bitcoins and fall to the ground....and then happens again to every other doorknob he touches for the rest of his life...which is why the many worlds interpretation is completely idiotic.

You don't have to go as extreme as you are making things out to be to understand that my world view seems to be way more in line with current likely happenings than yours.

So, fuck off with your dumbass inferences that pms such as gold, silver or some other metals are a better investment than bitcoin in terms of anything future related.

In other words, you could merely put 1% into bitcoin, and be quite well-off, even though 10% would likely be better.  10% into PMs seems really lacking in foresight, so 1% into pms would be even more prudent than 10% into pms.


Anywho.. regarding the rest of your touching door nobs analogy, it is off in a variety of other fantasy ways... but I see no reason to elaborate further on your level of ongoing and insistent dumb that would be more humorous if you did not actually seem to believe your own petty butthurt, resentful of being ongoingly wrong, nonsense.   


 

[jonoiv]

It's going to dump slow but steady soon ending at $2500 before the year is out imho.

The retarded FUD flying around at the moment is hilarious.  You guys really fucked up not buying in the $3ks. You had months to do it.

I had a said to JJG on this thread in March 2017, it would hit 3-4k.  it did.

Get the fuck out of here with your lame ass attempts at historical revisionism.

Yeah, perhaps you made some "cover your ass" posts that were the opposite of you overall and ongoing bear-ish bullshit nonsense.

How is predicting a 15% of ATH drop to 3-4K from 11-10k "opposite of you overall and ongoing bear-ish bullshit nonsense."

You're actually insane.  

[BitcoinGirl.Club]

Guys any NEO/BTC market observer?

I thought to buy (experimental) some NEO so that I can accumulate my BTC. Seems like NEO price is really low against BTC.

I don't care about NEO/USD

[Ibian]

People who talk about how others have a low IQ, usually have a low IQ.

The fact remains that women can not be in two places at once. You can't raise kids and work at the same time. It's one or the other. Women simply do not want to have kids today.

lol, when partnering with "men" like you, I guess your statement is true.

men are not involved here? they cannot raise a kid? when less kids are born, it is because of the women not wanting kids? no way it is also because of the men not wanting to have kids? how many kids you've got?

if i remember it correctly you were not really fond of muslim/arab culture. but you sure do share their views.  

back to ignore, sweetheart.

Rape is illegal. I don't know if you knew that, but, it is. This consequently means that women control reproduction. They decide if they get pregnant and with who, they decide if the child gets to live when they do get pregnant. This is not controversial or even up for debate. But feel free to try, it would be hilarious.

[jbreher]

Today I looked up the price of a BCH. I feel dirty.

Wanna get downright filthy? Look up SV.

Yes, there was the copyright bump that will be temporary, but that is likely done and dusted. There is likely some element of bump due to the imminent CoinGeek Toronto conference too.

But what remains after discounting those is fundamental.

[d_eddie]

Watchtowers will be released in next LN update.

https://github.com/lightningnetwork/lnd/pull/3133

Great! Coming soon to a Lightning Network near you! The Trusted Third Parties required if you don't want to have your funds stolen while your node isn't online!

Of course, they can't economically be of value in any case where the tx fee for inclusion within the repudiation interval is higher than the funds at risk. But it makes good advertising copy.

Watchtowers are a Good Thing. I haven't researched the matter yet, but I think the repudiation protocol can be refined to keep the funds inside the LN and transferred to another channel.

[jbreher]

if i were satoshi (ALL BOW BEFORE THE MIGHTY VAPOURMINER... err i mean SATOSHI) i would dump the alts and donate them to charities/research/foundations. many of the real bitcoin stash too. i mean satoshi really needs more than a million coins to be happy? jeez and i thought I was being greedy with my pitiful aspirations..

Alternate possible scenario: Satoshi foresaw the possibility of idiots perverting his system, and maintained a large reserve of coin capable of righting the wrong.

#justsayin

[JayJuanGee]

What should I change the poll to?

What percent invested (in crypto) are you of your total savings?

100%
75-99%
50-74%
25-49%
0-25%


EDIT
* Excluding stable coins

Yeah that’s a really good one to be fair.

+ 1 Merit

Edit - Just worked it out. I’m over 80% crypto to 20% fiat savings.

Shit!

Thanks!

I was about 90% until we hit 6000.  then I was'nt sure about this rally at all so sold for now.  

Your framing of what you did sounds like a really dumb kind of gambling.

Your bearishness (and lack of bullishness - or lack of reasonableness in your views of BTC fundamentals in relation to BTC price dynamics) caused you to bet too much in one direction (down), and now you are making stupid-ass bearish FUD spreading posts out of desperation that you can buy back without making a loss  (even if you are not very likely to make very much upon a possible price drop, and bitcoin might just force you to snap out of "dumb" and buy back higher than you sold).