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

[El duderino_]

Btw, night brothers, love you Kurious #no obviously !!!

[JayJuanGee]

Not sure where JJG got his figures from, though I too thought there were something like 128 at some point. They conflict with the ones here https://bitcointalk.org/index.php?topic=5198889.msg53078228#msg53078228


anyway congrats and all that jazz

I was going by memory.  About a week ago (or maybe it was only a few days ago), I had clicked on the merit sources link (on the merit stats page), and I had seen that there were about 128 merit sources.  There might have even been 130 merit sources, at one point, 4 or 5 months ago, too.  I also recall in the very beginning there were something like 35 merit sources, then there was a doubling into the 60s, and so that number does NOT stay the same, even though it seemed to had been pretty steady in the 120s for most of this (2019) calendar year.

But, yeah, of course, now we see 98 merit sources.

How do you know if you got the bump?

This particular instance was the receipt of a PM from theymos, and also if you click on your merit sending page (after receiving that PM from theymos), you would have seen that the quantity of your smerits had changed.

Actually, whenever theymos resets your smerit allocation amount, you get a reissuance of the total amount of smerits for the month, so it wipes out your previous smerit balance.

Let's say for example that you had a smerit allocation of 100 per month.  Choosing this amount because it is easier to see the math, and you had been pretty diligent about spending your about 3.3 smerits per day, so in the beginning of today, you had 3 smerits in your account that you were able to spend, but you received a pm from theymos that said that he had increased your allocation, and so when you log in, you see that you have 175 smerits to send, so the 3 smerits that you would have had got wiped off of your account, and instead of having an average of 3.3 smerits per day, you can average sending 5.83 smerits per day. 

Of course, if you spend all of your 175 smerits in 10 days, then you will have to wait 20 days to get any reissuance smerits, because smerits are reissued 30 days from when you spend them, so if you spend them all like a drunken sailor, then you are going to have gaps of an empty smerit bank.

[Hueristic]

Now, designing a new post-apocalypse cpu that could be created from low-tech sources and an os to go with it, that's a good idea.

Back in college, I built an 8085 clone outta MSI gate chips. Not quite raw materials (I, Pencil anyone?), but a step in that direction.

Yeah, I was writing assembly for the 8085 back in college myself in microprocessor theory class.

Back in college, I built an 8085 clone outta MSI gate chips. Not quite raw materials (I, Pencil anyone?), but a step in that direction.

Yeah, like that. Z80 was a nice chip, sure, but we can do better. Our new chip will need functions to aid in sha-256 so we can keep the blockchain alive.

Well IIRC 8085 was 4 bit z80 (just like 8088@8mh instead of 4.77mhz) was 8 bit external 16 internal and 8086 was 16bit so without doing any reading on this can someone tell me why they would choose z80 as opposed to 8086 or there was a TI equivalent at the time?

Do they think post apocalypse it will be easier to fab up z80's than 8086?

big piles of 7400 series logic DIPs

You looking at the crap I just had spill all over the floor? Funny that I just tossed a shitload of them after knocking over the bins. I saved a few of the gold plated ones though. Maybe when I ge back home I'll upload some chip porn.

[soxxx]

I am expecting Bitcoin to bounce off of $8500, it would be the .618 from the huge candle from October, and proceed to break the falling wedge within a few days.

My target was just hit, I do believe its possible we go a down to $8300, but it will be short lived, if not we are on our way up now guys

 

[Hueristic]

I always hope yesterday ^

Bitcoin Price Volatility Liquidates $90 Million in Brutal Pump and Dump

https://www.ccn.com/bitcoin-price-volatility-liquidates-90-million-brutal-pump-dump/

OK, so "the analysis's" are finally figuring out "BTFD" thats the big news here.

I’m driving, I don’t know what I’m doing .....

Welcome cryptoqueen....

LOL, I get it... woman drivers. Lol

Final anniversary art piece posted: CHECK

Link to original post




EDIT: should have blown off the dust before making the photo 

Yeah, OK I want one. PM me a price.

Via Twitter: https://twitter.com/HeyRhett/status/1190781461244366848

100 trillion, picture a pile of rocks. Lol

[nutildah]

You keep trying to harp on penalty claims, when over and over again I point out that penalty claims are not the exclusive means for losing funds in LN. Ergo, irrelevant.

The whole thing was in response to your question, which was lost somewhere along the way:

But tell me - why is it assumed that there were penalty claims?

So I told you.

(meaningless ego-based banter snipped out)

For the record, I'm ambivalent on the matter. I don't know, (and I don't much care) whether or not the described event occurred as described (although I know it to be possible within the design of LN, which may or may not give the passerby pause). But I am not willing to propagate hearsay as fact -- something which you are demonstrably altogether happy to do.

I can't make you understand that hearsay is only bad when applied to court room trials. Without doing that, almost every single news article that contains a rephrasing of another's words could be considered "hearsay."

If you are interested in the actual findings, here's where things currently stand:

guggero 4:39 PM

Hi. I did write the tool to figure out what's going on with your channels.
This is what it looks from the file (listchannels-guggero.txt from Oct. 23):
- Channels still open (funding-TX not spent): 115 (101342555 sats)
- Channels that were closed (funding-TX spent): 295
   - Funds in outputs that belong to your node: 268829394 sats
   - Of those funds, 139479289 sats are in normal on-chain outputs that should be salvageable just with the seed.
So I guess there's still around 3.7 BTC that should in theory be claimable.

In an earlier post, he determined that he only had 3.73452874 BTC missing after the dust settled...

3.7345 - 3.7 = 0.0345 still missing, if not accounted for by

1 - rounding done by guggero
2 - penalty transactions
3 - "unjust enrichment"

So basically, the entire thing actually was FUD, even if unintentional on the part of the guy who "lost" his coins. Basically my hunch was correct, and yours wasn't. You can point to whatever you consider to be a logical inconsistency in previous iterations of the argument but it doesn't change the outcome of me being right.

[Bitcoinaire]

More downward pressure, but with the halving 6 months away the tide will slowly start to turn more positive.

[HI-TEC99]

But the mesh chairs aren't going to be as comfortable as finding a well-designed memory foam chair (if they even exist).

Says the person who -- in the very same sentence -- admits he's never sat in one.

<whatevs>

I'm sitting comfortably in the chair you derided, while you're whinging about your chair's lumbar support pain. Observers can draw their own conclusions.

Are you sure it's safe? I threw some memory foam away after reading about the dodgy chemicals in it.

Are you sure you haven't lost the plot? It appears you are asking me? I'm not the one touting memory foam. For reference:
https://bitcointalk.org/index.php?topic=178336.msg53059453#msg53059453

Sorry, I misconstrued your post. I wasn't familiar with classy chairs like the $500+ Carl Tatz eChair, or the $1000+ Aeron.

I thought you were referring to something like the Sanwa Direct Fluffy Floor Chair Memory Foam Urethane & Mesh.



This is the type of chair I'm familiar with.



Either that or the Fluffy Floor Chair.

[JayJuanGee]

I am expecting Bitcoin to bounce off of $8500, it would be the .618 from the huge candle from October, and proceed to break the falling wedge within a few days.

My target was just hit, I do believe its possible we go a down to $8300, but it will be short lived, if not we are on our way up now guys

 

Moving goal poles..... 


By the way, I was thinking that if BTC does not go down further or sideways then it probably will go up.  So that was a very helpful way to work through what is likely to happen.   

[Hueristic]

I am expecting Bitcoin to bounce off of $8500, it would be the .618 from the huge candle from October, and proceed to break the falling wedge within a few days.

My target was just hit, I do believe its possible we go a down to $8300, but it will be short lived, if not we are on our way up now guys

 

Moving goal poles..... 


By the way, I was thinking that if BTC does not go down further or sideways then it probably will go up.  So that was a very helpful way to work through what is likely to happen.   

Yeah, yeah know I was thinking the same exact thing but then I remembered bitcoin never does what I think it will do so maybe it will just explode or something!

[Negotiation]

Re: "Bitcoin won't go up, there is no volume"

The volume shows up when we break ATH.

That's when the magic starts happening.



Source: https://twitter.com/CryptoBull/status/1195076147861762056



i hope go up soon.BTC

[JayJuanGee]

I am expecting Bitcoin to bounce off of $8500, it would be the .618 from the huge candle from October, and proceed to break the falling wedge within a few days.

My target was just hit, I do believe its possible we go a down to $8300, but it will be short lived, if not we are on our way up now guys

 

Moving goal poles..... 


By the way, I was thinking that if BTC does not go down further or sideways then it probably will go up.  So that was a very helpful way to work through what is likely to happen.   

Yeah, yeah know I was thinking the same exact thing but then I remembered bitcoin never does what I think it will do so maybe it will just explode or something!

You are being too rough on your own genius, Hueristic.  Of course, if you were to only predict one price direction, such as up, then you would have a lot higher chances of being wrong.

But, I was thinking that BTC prices could go up, but on the other hand they could go sideways or down, in the event that they do not go up.  but in the event that they do not go either sideways or down, then surely the odds are considerably high that they must go up. 

Surely any of us is correct in our BTC price predictions, so long as we make sure that we cover all possible BTC price directions.  But then are we saying anything?

[Hueristic]

.. genius, Hueristic. ...

Hey u used an oxymoron!

But, I was thinking that BTC prices could go up, but on the other hand they could go sideways or down, in the event that they do not go up.  but in the event that they do not go either sideways or down, then surely the odds are considerably high that they must go up. 

Surely any of us is correct in our BTC price predictions, so long as we make sure that we cover all possible BTC price directions.  But then are we saying anything?

unequivocal Logic there.



BTW for any of you guys that didn't see the end of the Steelers/Browns game.

https://www.youtube.com/watch?v=iT_EjH1_xZc

[Bossian]

Frankly it is not looking good at the moment, I would even say it's time to sell, and buy back below 8k. I am pretty sure we are heading towards 7k-ish but hopefully we never go back below 6.4k. If we go back below 6.4 there will be a lot of blood (not like the movie).
Then in the middle term there should be a bounce back above 10k (I hope) but breaking above 11k and most importantly above 12.4k will be very tough.
Just hoping the halving will make things move to our advantage, but the technical analysis is looking very ugly in the short term  

[Lauda]

I spy with my little kitty eye..

[El duderino_]

^^ Good real TA doesn’t apply to corn

[El duderino_]

Frankly it is not looking good at the moment, I would even say it's time to sell, and buy back below 8k. I am pretty sure we are heading towards 7k-ish but hopefully we never go back below 6.4k. If we go back below 6.4 there will be a lot of blood (not like the movie).
Then in the middle term there should be a bounce back above 10k (I hope) but breaking above 11k and most importantly above 12.4k will be very tough.
Just hoping the halving will make things move to our advantage, but the technical analysis is looking very ugly in the short term  

Expecting slow and steady growth for $BTC in 2020.

via Imgflip Meme Generator


https://twitter.com/galaxybtc/status/1195028502233399297?s=21

Just give me my weekend hopium

[jojo69]

It does have a certain pleasing symmetry about it.  I approve.

[Hueristic]

...

...

You know the real point is this is BETA software and the guy was an idiot to test BETA software with funds he did not want to lose. There is even a warning not to use funds you are not willing to lose. Devs even reiterated this point on Sept 30th with the bug announcement.

People these days always treat BETA as release and I blame M$.

Frankly it is not looking good at the moment, I would even say it's time to sell, and buy back below 8k. I am pretty sure we are heading towards 7k-ish but hopefully we never go back below 6.4k. If we go back below 6.4 there will be a lot of blood (not like the movie).
Then in the middle term there should be a bounce back above 10k (I hope) but breaking above 11k and most importantly above 12.4k will be very tough.
Just hoping the halving will make things move to our advantage, but the technical analysis is looking very ugly in the short term  

Expecting slow and steady growth for $BTC in 2020.

via Imgflip Meme Generator


https://twitter.com/galaxybtc/status/1195028502233399297?s=21

Just give me my weekend hopium

This will be acceptable, night all.

Edit: I think I'll check what Cnbc says tomorrow and do the opposite.

[Bossian]

Frankly it is not looking good at the moment, I would even say it's time to sell, and buy back below 8k. I am pretty sure we are heading towards 7k-ish but hopefully we never go back below 6.4k. If we go back below 6.4 there will be a lot of blood (not like the movie).
Then in the middle term there should be a bounce back above 10k (I hope) but breaking above 11k and most importantly above 12.4k will be very tough.
Just hoping the halving will make things move to our advantage, but the technical analysis is looking very ugly in the short term  

Expecting slow and steady growth for $BTC in 2020.

via Imgflip Meme Generator


https://twitter.com/galaxybtc/status/1195028502233399297?s=21

Just give me my weekend hopium

Well the big difficulty will be to break that white line that you just posted, if we break it of course it's looking very good.

Anyway, for me things are quite simple at the moment. Bear market is clear now. It's not the time to buy, just monitor, maybe even sell and buy back below 8k. There is nothing to indicate we break that white line. It is just gambling at this stage.

BUT the good thing is, I will monitor the price for month, I don't think we break this line before a few months, but if we break above 12.4k next year I will put all my savings into BTC for a target at 19k or 20k. If we break 12.4k if won't be a question that we go to 15k or 16k, we will get there easily. That would be the easiest money ever. Just hope we get there.