Bitcoin Forum
December 15, 2019, 02:10:06 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Dec. 14 Closing Price:
<$6,000 - 10 (10.8%)
$6,000-$6,500 - 5 (5.4%)
$6,500-$7,000 - 11 (11.8%)
$7,000-$7,500 - 14 (15.1%)
$7,500-$8,000 - 18 (19.4%)
$8,000-$8,500 - 11 (11.8%)
$8,500-$9,000 - 4 (4.3%)
>$9,000 - 20 (21.5%)
Total Voters: 93

Pages: « 1 ... 24614 24615 24616 24617 24618 24619 24620 24621 24622 24623 24624 24625 24626 24627 24628 24629 24630 24631 24632 24633 24634 24635 24636 24637 24638 24639 24640 24641 24642 24643 24644 24645 24646 24647 24648 24649 24650 24651 24652 24653 24654 24655 24656 24657 24658 24659 24660 24661 24662 24663 [24664] 24665 24666 24667 24668 24669 24670 24671 24672 24673 24674 24675 24676 24677 24678 24679 24680 24681 24682 24683 24684 24685 24686 24687 24688 24689 24690 24691 24692 24693 24694 24695 24696 24697 24698 24699 24700 24701 24702 24703 24704 24705 24706 24707 24708 24709 24710 24711 24712 24713 24714 ... 25614 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21459445 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. (137 posts by 31 users deleted.)
JayJuanGee
Legendary
*
Online Online

Activity: 2100
Merit: 2191


How much alt coin diversification is needed? 0%?


View Profile
July 30, 2019, 02:18:10 AM
Last edit: July 30, 2019, 02:42:31 AM by JayJuanGee

Definitely difficult to understand how a kind of "infinite" block size brings bitcoin "back" to its roots.

Other than the fact that Satoshi's original release had no set limit on block size. Well, there is that.

Good thing that the real Satoshi, while he was still participating in the bitcoin community was able to recognize the need for a limit, and even if such limit was originally considered as a potential temporary situation, the consensus of the bitcoin (that is real bitcoin, helrow?) community has realized that small blocks make a whole hell of a lot of sense in terms of security, decentralization, block propagation and latency and likely a variety of other reasons, including being able to win the forking battle when a bunch of diptwats tried to take over the network by proposing stupid ass BIG blocks that sounded so nice and lovely, but in the end, caused the diptwats to show their true colors as an attempted attack vector to attempt to cause bitcoin to be changeable for the sake of change, which would have likely been the end of bitcoin as the paradigm shifting phenomenon that it has shown itself to be, especially with the winning of the battle of segwit...

Gotta thank the BIG BLOCKERs for giving away that easy win that caused consensus to formulate around segwit and propelled bitcoin into a possible ossification status.   Kiss Kiss

If you were here right now, BIG BLOCKER picnic bear, I would probably give you, as representative of the BIG BLOCKER nutjobs, a BIG hug.



Gotta love that picnic bear.    Wink

Other than the fact that Satoshi's original release had no set limit on block size. Well, there is that.

No explicit limit, but other parts of the protocol limited the blocks to 32MB.

I would argue that the 32MB limit was not a protocol limit, but rather an implementation limit on any network message that would be generated by the client.

Maybe when BTC gets near 32MB blocks it might become relevant.

Last time I checked bitcoin was already relevant.  It's been relevant for at least 10 years, and more and more relevant the longer that it exists as a schelling point and the king daddy of cryptos, and largely other crypto engage in a variety of measures to leech off of bitcoin's success, security and solidness as the driving force base layer that also seems to allow the good, bad and ugly of various snake oil imitations to try whatever level of creativity they can muster by physical attacks and propaganda attacks to leech off as much of bitcoin's value as they are able to do.  In the longer run, the value will gravitate more and more into bitcoin, but there is a whole hell of a lot of dumb money out there (especially since we only seem to have less than 1% of the world's adoption) and it could take a long time before some of the dumb money realizes that bitcoin is the long terms value play.
1576375806
Hero Member
*
Offline Offline

Posts: 1576375806

View Profile Personal Message (Offline)

Ignore
1576375806
Reply with quote  #2

1576375806
Report to moderator
1576375806
Hero Member
*
Offline Offline

Posts: 1576375806

View Profile Personal Message (Offline)

Ignore
1576375806
Reply with quote  #2

1576375806
Report to moderator
1576375806
Hero Member
*
Offline Offline

Posts: 1576375806

View Profile Personal Message (Offline)

Ignore
1576375806
Reply with quote  #2

1576375806
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
jojo69
Legendary
*
Offline Offline

Activity: 1596
Merit: 2041


no FOMO


View Profile
July 30, 2019, 02:44:50 AM

kinda droopy looking...
cAPSLOCK
Legendary
*
Offline Offline

Activity: 2394
Merit: 1416


UNLEASH THE FURY!


View Profile
July 30, 2019, 02:53:37 AM

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  Grin

I'll excuse it this time...
infofront
Legendary
*
Offline Offline

Activity: 1862
Merit: 1906


Shitcoin Minimalist


View Profile
July 30, 2019, 03:03:30 AM

kinda droopy looking...

That's what she said
nutildah
Legendary
*
Offline Offline

Activity: 1596
Merit: 2504


https://bitcoin.watfordfc.com


View Profile
July 30, 2019, 03:46:38 AM

There is an objective: unfucken the protocol, returning it to the original version.

So the original version called for bitcoin acting as a file and data storage service?

Call for? No. Allow for? Yes.

Remember - permissionless.



kinda droopy looking...

That's what she said


JayJuanGee
Legendary
*
Online Online

Activity: 2100
Merit: 2191


How much alt coin diversification is needed? 0%?


View Profile
July 30, 2019, 03:58:01 AM


Well at least you guys were able to decode some kind of meaning out of that seemingly encrypted jo-squared message.
AlcoHoDL
Sr. Member
****
Offline Offline

Activity: 690
Merit: 257


Addicted to HoDLing!


View Profile
July 30, 2019, 04:26:19 AM

Good morning all! Getting ready to go to work and browsing WO... An essential start of the day!

Too many posts regarding the passphrase security issue, so I'll respond without quoting. About "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY", OK, maybe I overdid it and used too many words, it's not too bad of a passphrase after all... But what about "iLOVEbitcoin"? Would you use it? You get what I mean. If one uses TrueCrypt to secure a wallet and chooses such a small passphrase, then his keys are clearly NOT secure, and it's not TrueCrypt's fault.

@jbreher: I read about CSW's wallet-cracking attempts here at the WO thread. You are assuming that Satoshi has used a cryptographically strong passphrase to secure his keys. It's a valid assumption which I also share and have mentioned in the discussion, but it appears you are reading only parts of my posts... Note, however, that, at the time those wallets were created, Bitcoin was nearly worthless. I'm pretty sure many users at the time had completely unsecured wallets in their PCs, they just didn't care much about security. That's what CSW is allegedly attempting to exploit.

I suspect that such a wallet (belonging to Satoshi or a close friend of his, and in the possession of CSW) may not even exist, and it may all be CSW spreading fear and misinformation, which is what he usually does, has done many times in the past, and is something that fits his character and methods very well (I know, your grandma taught you to ignore human behaviour, but...), so all is good in the BTC camp.
realr0ach
Sr. Member
****
Offline Offline

Activity: 854
Merit: 311


#TheGoyimKnow


View Profile
July 30, 2019, 04:32:07 AM

Missing r0ach... I absolutely need to have a dose of Schelling Point, Exter's Pyramid, Nash Equilibrium, Kalergi Plan, Daily Stormer... And, oh man, how I really, REALLY need to hear the "designed to centralize" line

Access granted.

https://dailystormer.name/based-steve-o-calls-out-jewish-control-of-media/



VB1001
Sr. Member
****
Offline Offline

Activity: 434
Merit: 1264


CypherPunkCat


View Profile WWW
July 30, 2019, 05:30:54 AM
Merited by JayJuanGee (1)



A Comparative Analysis of Bitcoin Forks

Quote
Summary
Although BSV and BCH have some of the desirable features of a medium of exchange asset, like low transaction fees, this has not yet led to a large increase in activity as compared to BTC. Both BCH and BSV still only have a small fraction of the usage of BTC when measured by metrics like adjusted transfer value and active addresses.

Furthermore, BSV and BCH are increasingly being used as ways to store data on chain (often without an associated economic transaction), and not as a medium of exchange. BSV, in particular, is predominantly being used as a way to record data on-chain, with over 94% of transactions containing OP_RETURN, a majority of which come from a single weather application. BSV may ultimately be used as a data storage blockchain, likely due to their removal of the size restriction on OP_RETURN transactions.

Additionally, although both BCH and BSV have larger maximum block sizes than BTC, they have not yet utilized that extra space. For the most part, BCH and BSV’s daily average block size has remained well below BTC’s 1MB average.

Both BSV and BCH have had blocks that have exceeded BTC’s maximum blocks. BSV blocks, in particular, are increasingly being filled by OP_RETURN transactions. BSV and BCH’s increased block size may become a factor if either gain adoption as a data storage blockchain. But it does not appear to currently be a factor in terms of being used as a medium of exchange.

Additionally, BTC currently has a big lead over BCH and BSV in the four metrics we used to measure security. BTC has over 95% of the hash rate market share (amongst BTC, BCH, and BSV) as of July, 2019.

BTC also dominates in terms of daily mining revenue. BTC has over 30 and 60 times more daily mining revenue than BCH and BSV, respectively. This will become even more of an issue as block rewards continue to halve, as BCH and BSV’s total transaction fees are negligible compared to BTC’s.

We also found that if BTC miners were to theoretically attack BCH they could rewrite ten days of the blockchain in 7 hours. If they were instead to attack BSV, they could rewrite it in 3 hours.

As of now, BCH and BSV are not gaining real usage over BTC as a medium of exchange, and are not utilizing their larger block sizes. BTC also remains a much more secure blockchain than both BCH and BSV. It remains to be seen whether BCH and BSV can take more of BTC’s market share moving forward.

https://coinmetrics.substack.com/p/a-comparative-analysis-of-bitcoin

Extensive article, but interesting.

Good morning WO,s
Cryptotourist
Full Member
***
Offline Offline

Activity: 420
Merit: 208


Homo Sapiens Bitcoinerthalensis


View Profile
July 30, 2019, 08:22:56 AM
Merited by JayJuanGee (1)

Incidentally, it is working splendidly so far.

Yeah jbreher, splendidly is far from a couple of recent reorg occasions.
That said, working implies that someone actually uses (not spamming) the chain. Not.

#

Morningzzz my WO fuckers. Grin
hd49728
Sr. Member
****
Offline Offline

Activity: 476
Merit: 394


Natural8.com - Making Poker Fun Again


View Profile
July 30, 2019, 09:48:40 AM
Last edit: July 30, 2019, 11:22:23 AM by hd49728

I have this one for you (if you don't know it).
Bitcoin transaction fees - Everything in one

In short:
Earlier today, fee is 1 Satoshi/ byte, but now it temporarily rose to 3 satoshis/ bytes.
 Fees for transaction with 1 input (148 bytes), 3 outputs (102 bytes) costs only 780 satoshis, which is double than yesterday fee.
It is not a best time to consolidate your bitcoin leftovers, everything you need is time, to see fees fall to 1 Satoshi/ byte, again.

Please check more there:
https://tradeblock.com/bitcoin/historical/6h-f-tfee_blk_avg-01051
https://coinb.in/#fees
micgoossens
Legendary
*
Offline Offline

Activity: 896
Merit: 3017


This is HODL


View Profile
July 30, 2019, 10:23:01 AM
Merited by JayJuanGee (1)

China Could Be About To Throw Its Weight Behind #Bitcoin

https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/billybambrough/2019/07/29/china-could-be-about-to-throw-its-weight-behind-bitcoin/amp/

https://twitter.com/xentagz/status/1155956658557739009?s=21

Bullish? Cheesy China pump BTC instead of ban BTC? Roll Eyes
nutildah
Legendary
*
Offline Offline

Activity: 1596
Merit: 2504


https://bitcoin.watfordfc.com


View Profile
July 30, 2019, 10:25:15 AM
Merited by AlcoHoDL (1)

A Comparative Analysis of Bitcoin Forks

Quote
Summary
Additionally, although both BCH and BSV have larger maximum block sizes than BTC, they have not yet utilized that extra space. For the most part, BCH and BSV’s daily average block size has remained well below BTC’s 1MB average.

Both BSV and BCH have had blocks that have exceeded BTC’s maximum blocks. BSV blocks, in particular, are increasingly being filled by OP_RETURN transactions. BSV and BCH’s increased block size may become a factor if either gain adoption as a data storage blockchain. But it does not appear to currently be a factor in terms of being used as a medium of exchange.

I really would be curious to see the effects of spamming the BSV blockchain to fill 2 GB blocks for months on end, just to witness the effects of node centralization. It will be a reminder of why block size limitation is a good thing. It would grow at approximately 8.64 TB a month, granted each block is always full.

The biggest commercial hard drive in the world is currently 60 TB and costs $10,000 -- you would need to buy 2 of those a year to accommodate near-full 2 GB blocks.
Lambie Slayer
Sr. Member
****
Offline Offline

Activity: 392
Merit: 366



View Profile
July 30, 2019, 10:37:28 AM

Sorry to be bearish gents but I think we wont bottom this summer till we get to about 4900.

I was convinced of this by powerful entities who communicated with me on a recent DMT adventure.

Apparently they trade Bitcoin in transdimensional hyperspace.

I obviously dont post much during times like this bc its no fun but I promised to report.


via Imgflip Meme Generator


Oh gawd..... .... another sorcerer wannabe.   Roll Eyes Roll Eyes Roll Eyes


[edited out]

Your starting to sound like jonov

Sure.. that's another angle... Haven't heard from that broke-ass dude for a while.  Maybe he will be able to buy back all the coins that he sold for under $6k, but guys like that get to cock-assured and too greedy.. .so my hopes are not too high in his ability to recover from dumb.

Have to add I'm deeply disappointed with Lambie lately. He was a permabull when he first appeared but it seems he has turned into a bear now. What is more alarming he started posting his bearish prophecies of the so-called "one last dump before up" theory and now this $4900 bottom post. I'm worried that's a way how most beartrolls earn their merits and post count (also respect from other members) - post bullish things first, turning into bears later. So guys be smart, think twice! We're getting surrounded by werewolves.  Cool    

Have to say Im disappointed you would get so suspicious over someone being short term bearish. Im not out to get you. I just like to post my thoughts from time to time. Its not a conspiracy to trick you into giving up on Bitcoin and bowing to the dollar as your master.

Am I pumping shitcoins? Am I deviating from my firm belief that Bitcoin will be the global reserve currency and 1 coin will make any human wealthy in the next decade. Of course not.

Am I tone vays calling for 1k, a price that hasnt been seen for years. Nope, just concerned we will revert to prices seen a few months ago.

Did you get suspicious of Hairy when he was actively shorting as a hedge in 2018 and calling for lower prices for a long while? Hell im not even shorting, just waiting for what I consider cheap coins this summer before I deploy my last fiat for the mega run all in hodl. If it doesnt happen, nbd, its not like I dont have a lot of Bitcoins.  Cheesy

Pray you get surrounded by hyenas like me.  Cheesy Im over 90 percent net worth in Bitcoin and have been since '14. If you ever find a day where the average joe is even close to as big of a Bitcoin believer as me then our Lord and Savior King Bitcoin will already be the global reserve currency on that same day.  Cool


Still short term bearish. Id say fight me  Wink but I dont really feel like posting much unless im short and long term bullish.

I will say 4900 is pretty extreme, its more like a floor I dont see us going under. 7-8k would be a more reasonable outcome imo, but this is Bitcoin and shit happens.  I think people shouldnt cry if 4900 is reached bc its still very bullish as a higher low than 3100 of Dec. 15.


hd49728
Sr. Member
****
Offline Offline

Activity: 476
Merit: 394


Natural8.com - Making Poker Fun Again


View Profile
July 30, 2019, 10:44:57 AM

Still short term bearish. Id say fight me  Wink but I dont really feel like posting much unless im short and long term bullish.

I will say 4900 is pretty extreme, its more like a floor I dont see us going under. 7-8k would be a more reasonable outcome imo, but this is Bitcoin and shit happens.  I think people shouldnt cry if 4900 is reached bc its still very bullish as a higher low than 3100 of Dec. 15.
Bitcoin might fall around 26 percent to 30 percent, from the range $11,000, where bitcoin broke out. It means in my forecast, bitcoin will fall to the range between $7700 and $8000. It is deep enough to kill Long gangs, and it is also relevant to news on Tether USD. News is used to pump and dump coins, so, why not believe in my forecast?

China lost its impacts on bitcoin and crypto market for a long time ago. This time is not an exception, and I don't think this news have any kind of effects on bitcoin price.
criptix
Legendary
*
Offline Offline

Activity: 2072
Merit: 1089


View Profile
July 30, 2019, 11:41:06 AM
Merited by JayJuanGee (1)

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  Grin

Dude.  I am DCAing a leveraged long position right now. Very low leverage - well under 1:1.   My current dollar cost average is $10,500 and I am totally relaxed because every slight chip down in the price just lowers my DCA.  

Adapt to the price.  Don’t fight it.  We are in a bull market.  The price will go up again.  You will have what you are looking for.

Remember that Hairy is pretty experience in this arena.. so careful with anyone using any kind of leverage at all.. Usually the use of any kind of leverage magnifies the potential for both losses and gains, and is not easy to use for the vast majority of folks can just get into bitcoin and accumulate BTC with simple dollar cost averaging and buying on dips.. and that should be risky enough because it surely is not guaranteed to go up (even if decent odds, such as being in a bull market, which I agree with hairy about that)... but still bitcoin is an asymmetric bet, so guys and gal can still make a lot of money without employing leveraging strategies.

That is only partly correct.

So you can go 1x or lower leverage and actually use your BTC as collateral to buy more BTC or hedge against a BTC/USD drop.

It is actually VERY safe to do, if you understand what you are doing.

And to be honest i would advise every single one of you to actually inform yourself about it and try it out.

You will be able to quite safely preserve your USD value while being able to increase your BTC stack without being forced to add additional fiat.

Of course this is not for free, hedging or betting wrong has always a cost, but you have to accept this possible loss and can minimize it with proper risk managment.

Hm?  Maybe you are correct, perhaps? and maybe the employment of such systems might work for some users?  You are suggesting that it is simple, and I know that d_eddie seems to talk about his strategies in the use of those kinds of tools, too.  I suppose I am not opposed about members learning various techniques that might work, and I believe that I tout out basic techniques that don't really use those kinds of tools, so even if those tools might be helpful, they might not be necessary and could cause some members to attempt to put their BTC at risk when they would have been safer by just employing more simple tried and true accumulation strategies such as dollar cost averaging, buying on dips and HODL.

I personally have been suggesting that the next more sophisticated step is to start to sell small amounts on the way up in order to use that money to buy back in the event of a dip.  Using leverage is even a more advanced strategy, which part of my point was to say that it is a bit more advanced, and I think that I continue to remain correct about it being a more advanced strategy than what I am suggesting to be good enough to make some peeps richie... under consistent and persistent strategies to dollar  cost average buy, buy on dips and hodl.. and more sophisticated would be selling small amounts on the way up, after they have largely already reached their baseline accumulation goals.


Definitely agree with you here - margin trading is for sure the next step in the trading ladder and needs you to put in more time and involves the use of advanced trading strategies.

DCA is more like fire and forget in that sense and everyone can use it without the need to dive hundreds (or more) of hours in trading strategies.


The really interesting part is that you can use your existing BTC stash as margin to trade - no need to put in more fiat or basically giving you additional buying/selling power on top of your fiat.
mindrust
Legendary
*
Offline Offline

Activity: 1638
Merit: 1647



View Profile
July 30, 2019, 11:54:55 AM
Merited by JayJuanGee (1), 600watt (1), ssmc2 (1), Phil_S (1)

Here is another interesting observation:


Why 2.4 ?
Simulations performed by Trace Mayer determined that in the past, the best long-term results were achieved by accumulating Bitcoin whenever the Mayer Multiple was below 2.4.
Since the simulations were based on historical data, they are purely educational and should not be the basis of any financial decision.



The moment Mayer Multiple reached just above 2.4, it started to go down.

Amazing.

So, $14k was in a mini bubble territory and the bears didn't miss that one. Sniped it right away. $7.5k looks like a good buy.

edit: Also see the previous 2.4 rejections in 2017. Happened twice before the big boom. That's even more interesting.
vroom
Sr. Member
****
Offline Offline

Activity: 840
Merit: 322


a Cray can run an endless loop in under 4 hours


View Profile
July 30, 2019, 12:53:55 PM

advanced paper wallet from the austrian state printing house: https://www.chainlock.com/?lang=en

ChinkyEyes
Sr. Member
****
Offline Offline

Activity: 673
Merit: 293



View Profile
July 30, 2019, 12:59:11 PM



No offense, but is that forbes link legit? looks kinda suspicious...
vroom
Sr. Member
****
Offline Offline

Activity: 840
Merit: 322


a Cray can run an endless loop in under 4 hours


View Profile
July 30, 2019, 01:01:53 PM


I think this is the AMP (Accelerated Mobile Page) version of this: http://www.forbes.com/sites/billybambrough/2019/07/29/china-could-be-about-to-throw-its-weight-behind-bitcoin/
seems legit.
Pages: « 1 ... 24614 24615 24616 24617 24618 24619 24620 24621 24622 24623 24624 24625 24626 24627 24628 24629 24630 24631 24632 24633 24634 24635 24636 24637 24638 24639 24640 24641 24642 24643 24644 24645 24646 24647 24648 24649 24650 24651 24652 24653 24654 24655 24656 24657 24658 24659 24660 24661 24662 24663 [24664] 24665 24666 24667 24668 24669 24670 24671 24672 24673 24674 24675 24676 24677 24678 24679 24680 24681 24682 24683 24684 24685 24686 24687 24688 24689 24690 24691 24692 24693 24694 24695 24696 24697 24698 24699 24700 24701 24702 24703 24704 24705 24706 24707 24708 24709 24710 24711 24712 24713 24714 ... 25614 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!