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

[realr0ach]

It's not a Chinese pump and dump scam they said.  It isn't widely known that the price has been manipulated upwards into an artificial bubble by the Chinese mining monopolies and their gaijin money launderer contact and Tether conspirator Giancarlo of Bitfinex they said.

[WinslowIII]

Roach is so smart - not only has he given up pictures of the exact people responsible for this runup, but he's holding the best assets for the future - silver and gold.
or not.

[yefi]

Edit: obviously a drama queen with no backbone

May be, but he respects his carpet pile, and that has to count for something.

[Toxic2040]

Just bought $1000 of corn... for... reasons.

Now? Not, like, a month ago?

Like I said, man.

Reasons. I have no idea what's going on. This dip was just too tasty. Bought some chips.

no idea or just erlay?

the dip is quiet good bobbie..cheers

[realr0ach]

Roach is so smart - not only has he given up pictures of the exact people responsible for this runup, but he's holding the best assets for the future - silver and gold.
or not.

I'm not anti-Asian or anything, but in Chinese culture it's culturally acceptable to lie, scam, and ripoff anyone who isn't an immediate family member.  This is what overpopulated, highly competitive environments produce whether it's Shanghai or New York City, a dog eat dog culture of low lifes.  Humans are not designed to live in such environments and turn out normal as seen in things like the rat experiments:

https://en.wikipedia.org/wiki/Behavioral_sink

I'm not going to sit around and cheer for a Chinese pump and dump scam to rip people off that has zero fundamentals because transactions validators are designed to centralize and tokens are non-fungible, making it a dystopian permissioned ledger that will be completely government controlled.  The only inevitable endgame of craptocurrency is an exact replica of the Chinese social credit score system.  They are literally pumping the Chinese social credit score system and trying to get idiots to buy it.  Only a fool would not boycott digital shitcoins and buy metals instead.

[WinslowIII]

Better stand then.

[Arriemoller]

I leave the internet for a while and when I come back you have crashed bitcoin. What have you done? Idiots!

[Toxic2040]

I leave the internet for a while and when I come back you have crashed bitcoin. What have you done? Idiots!

*edit
Dare I call it a feature and not a bug?



------------
bitcoin

First, some news of interest.

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-May/016994.html

Hi all,

We are making public our latest work on Erlay, an efficient transaction relay protocol for Bitcoin.
It is available here: https://arxiv.org/abs/1905.10518

The main idea is that instead of announcing every transaction to every peer, announcements are only sent directly over a small number of connections (only 8 outgoing ones). Further relay is achieved by periodically running a set reconciliation protocol over every connection between the sets of withheld announcements in both directions.

The set reconciliation protocol uses error correcting codes to communicate a set of transactions to a peer with an unknown but similar set using bandwidth only equal to the size of the difference and not the size of the sets themselves.

Results: we save half of the bandwidth a node consumes, allow increasing connectivity almost for free, and, as a side effect, better withstand timing attacks.
If outbound peer count were increased to 32, Erlay saves around 75% overall bandwidth compared to the current protocol.

This work uses Minisketch, an efficient library for set reconciliation, which we made public before: github.com/sipa/minisketch.

Some of you may already know about it from discussions with me, Scaling Bitcoin 18, or CoreDev in Tokyo. Our proposal has become more precise since then.

The next step here is to receive more feedback, have a broader discussion, and then write a BIP along with improving reference implementation. We are looking forward to hearing your suggestions or concerns regarding this work.

This protocol is a result of work by myself, Gregory Maxwell, Pieter Wuille, and my supervisors at UBC: Ivan Beschastnikh and Sasha Fedorova.
I would like to thank Tim Ruffing and Ben Woosley for contributions to the write-up, and Blockstream for supporting my work on this protocol.

– gleb

Sounds win/win to me...but I know nothing. Cant wait to see a BIP anyway. Cheers.




And a look at the charts.


Can hardly wait for the monthly close and see it turn full Bull on that chart..have to do with these dailies for a bit longer in the mean time.  #dyor

Exhibit A

daily



Exhibit B

daily w/ doubled cloud settings

#stronghands'19

[nanobtc]

Wright place, wrong time

Woah, you are old. Good Dr. John joke, there.

https://www.youtube.com/watch?v=G5zPqgQ67yo

[d_eddie]

I leave the internet for a while and when I come back you have crashed bitcoin. What have you done? Idiots!

It's you who crashed it man. You didn't rebuy fast enough.

[d_eddie]

Breaking:
Shitcoin Mogul Craig Wright is filing to Copyright Hodlsleep

Just getting back at Mic's team in his own sweet way. He secretly wants to join it, but the front Goose don't let no altcoiners in the lockers.

[goldkingcoiner]

I leave the internet for a while and when I come back you have crashed bitcoin. What have you done? Idiots!

It's you who crashed it man. You didn't rebuy fast enough.

Keep calm, BTFD, hodl and shitpost.

[d_eddie]

I leave the internet for a while and when I come back you have crashed bitcoin. What have you done? Idiots!

It's you who crashed it man. You didn't rebuy fast enough.

Keep calm, BTFD, hodl and shitpost.

All right. I'm on it, Phases 1 and 2 accomplished. Now to Phase 3.

@jonoiv I warned you. And no, I don't mean about infofront cleaning up after you puking all over the place. 

[Toxic2040]

lets cut straight to the chase


market momentum appears willing to build until at least mid-July from what I can see

June 1st will see a significant shift in the monthly chart dynamic towards a bullish posture

pretty comfortable I have to say honestly, but I think its just now about to get interesting..


short and medium fibs

From 0.236 to -0.236 is roughly $7.6k to $10.5k fyi
1h


I think this channel will continue to develop between the 0.382 and 0.5 long fib which is roughly between $8.2k to $10.5k

the great white rhino approaches   #dyor
4h

#stronghands'19

[jojo69]

RHINO

RHINO

RHINO

!

[Arriemoller]

I leave the internet for a while and when I come back you have crashed bitcoin. What have you done? Idiots!

It's you who crashed it man. You didn't rebuy fast enough.

Yeah, I'm the one who has to clean up after you guys, I've been pushing the price back up since I turned on my computer again, thank you very much.

[JayJuanGee]

butt-rekt day-tarding at the bitfinex casino and comes onto WO to cringe-whinge ... get a life, your next stop is a roach-motel shitcoin last-chance-salon exchange ... gambler's anonymous is a thing, you don't have to air your problem in a public forum, it's a mental health issue, keep it private. use roach as your dont-be-this-guy example

 
Yer because buying a single $9000 cryptograpic line of code on a blockchain, doesn't seem like gambling to 99% of the worlds population.  Every person that has ever brough any cryptocurrency is a gambler.

Bullshit, it's not gambling it's speculation.

I am not going to be the one to suggest that gambling versus speculating versus investing are absolute categories, and your approach to the matter and whether you engage in incrementalism versus balls to the walls trading and leveraging are differing kinds of practices that are not all the same, and accordingly there exist extremes.  To me, it seems that jonoiv has a habit of engaging in a kind of extreme behavior, and I have seen him do it before.  This particular instance, he sold all of his BTC at $6k, whether that was .1 BTC (more likely) or 100 BTC (which he probably does not have anything near that amount), but the point remains that he is engaging in extremes out of hope to make a quick buck on a turn around.. yet that backfired upon him when BTC prices went up another $3k or 50% more rather than correcting, as he was gambling upon.

[JayJuanGee]

[edited out]

is it just me or does it feel like several paragraphs are missing?

It's just you.

[jojo69]

Not my fault Arrie

I was at work the whole time, left before I even got any confirms on my winnings.

[Woodie]

the chronicles of bitcoin continue, so is there a positive or negative impact of the current bitcoin whitepaper claim on btc price by Craig or Wei