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

[akhjob]

Somebody who hacked the most important social platform in the world only wants Bitcoin not shitcoins.

No way someone that could gain that type of access was only scamming BTC. Is this a cover for something much bigger?

Oh well, free advertising is always nice i guess.

Ofcourse, this is a very big advertisement for BTCitcoin. But, I'm afraid that it might throw more negativity towards it  


Just for fun.
https://twitter.com/Cryptanzee/status/1283538246635380736

I don't see this throwing negativity over BTC , do people say $ is shit when someone robs a bank?    It is a free advertisement as stated above, things are happening around BTC and this shows at what lenghts people are willing to go to get more BTC. If anything that shows how powerful and valued BTC is

Twitter will take the flak for this one as they should.

https://en.ethereumworldnews.com/twitter-hack-coverage-by-mainstream-media-is-hurting-bitcoin-btc/

Now you understand why I said that? Mainstream media has always been against Bitcoin because they clearly don't understand what it does.

No media will talk about how Bitcoin is used as money in El Salvador but they'll have a few shows stating that Bitcoin is using by hackers and criminals.

[hv_]

jbreher likes to pump them up too, I wonder why that is?    He might want to chime his picnic bear ass into the mix, as well.    

He tends to support centralization and trusted third partys for some unknown reason.
Makes me wonder sometimes why he supports bitcoin?

Examples would be helpful in buttressing your claim.

You support Coinbase and BSV, do I really need to add anything more than that?

Yes, you do. Coinbase as opposed to what? Binance? BitFinex?

BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.

Kraken and Gemini

In what manner are Kraken or Gemini more decentralized than Coinbase?

Why do BSvers always try to redefine the definition of decentralization? Are there no arguments you can come up with that don't require redefining meaning of words?

What the fuck are you babbling about now? As you seem to be accusing me of redefining 'decentralization', perhaps you might be so kind as to provide me with your personal definition thereof.

Umm the decentralized part was referring to BTC vs your scamcoin, and not the exchanges. The exchanges were suggested as alternatives to Coinbase, seems like everyone got that part except for you.

Still waiting for your:
1) explanation of how Coinbase suffers more as being a trusted third party than is Kraken or Gemini; and
2) personal definition of 'decentralization', so we may continue this discussion in a rational manner.

Wow.   Maybe we should have a poll on the topic jbreher?

Knock yourself out, though I don't see the relevance.

You summoned me indicating I like to 'support' coinbase.
Hueristic suggested it is because i like centralization and trusted third parties.
I pointed out that Hueristic's assertion was without merit.
Hueristic doubled down by conflating BSV with Coinbase.
I asked for an elaboration, as all exchanges are by definition centralized third parties, and that the BTC and BCH protocols are exactly as centralized as each other.
DaRude butted in in his/her typical clueless manner with 1) 'Kraken and Gemini', seemingly utterly ignorant of the fact that both these are also centralized trusted third parties; and 2) piled on implying I was changing the definition of decentralization.
I responded 1) asking how Kraken or Gemini are less centralized than Coinbase; and 2) asked for his/her definition of 'decentralization'.
DaRude then totally whiffed an answer, addressing neither of the points in discussion.
I responded pointing out that DaRude has addressed exactly zero of the points in discussion.
And full circle, you wade back in with irrelevancy about some poll.

That about sum it up? Yup, shore duz.

So after all that, to the point of you summoning me: yes, for my purposes, Coinbase is the proper exchange for me. Yes, it is a centralized trusted third party. AS IS EVERY FUCKING OTHER EXCHANGE.

As to the other topic somehow conflated in with the other. Yes, I understand that a good lot of you ascribe to the dogma that lotsa lotsa non-mining fully-validating clients equates to MOAR DECENTRALIZATION. Regardless of the relative amount of decentralization on any of a large number of other axes. And that lotsa lotsa minus one means that the entire system is in peril. You are of course wrong on both counts, but I get that all y'all think so. My point here is not to argue about that. It is to point out that your measure of centralization has fuck-all to do with any technical aspect of the coin/chain/client/code. It merely reflects the preferences of the market at this point in time, which is nothing more than the individual personal preferences of scads of individuals within the marketplace at this point in time.

Y'all are acting high and mighty about a state that is not due to anything fundamental, but rather due to collective whimsy.

So now that ONCE AGAIN, I have been incrementally goaded into stating my position AGAIN, lest idiots be allowed to put words in my mouth, are ya happy?

Didn't think so.

You did not need to restate your nonsense spin position, again.  You could have just sat back and said nothing.

Your whole rendition makes little sense, and I had already read some of the responses that your as spinning to be the bad guys.

In sum, no one seems to be disingenuous here, except you, in terms of attempting to have genuine conversations about the topic of decentralization or making comparisons between exchanges. 

So, on the topic of exchanges, you are trying to suggest all exchanges are equally fucked up, when that is not true.  Kraken and Gemini have not been accused of engaging in anything close to the same level of shenanigans as Coinbase... whether you deceptively attempt to reframe that as a question of level of centralization or decentralization or not.

And, on the topic of comparing bitcoin and the various bcashes, largely your favorite shitcoin BSV, the overwhelming majority of members participating in this thread already know that Bsv (or bcash sv) is a flaming bundle of scams, and since you ongoingly support such scam project, you ongoingly engage in attempts to equate it to bitcoin in various ways.  Sure you might mislead and deceive a few newbies, so the various responses to your ongoing nonsense is not to convince your ongoingly scheming, twisting and deceiving ass, but instead perhaps to help some newbies from getting overly mislead by your ongoing nonsensical assertions whether you are making coin comparisons or exchange comparisons, in this particular example... or your historical BIG block support nonsense.. which continues to be one of your beloved shitcoin BSV talking points.

.. so there is no way just to solve such with big blogs - never

only with BIG BLOCKS

 

[Phil_S]

You got that covid19 dip included in the resistance line...
one might reconsider?

Yeah, you probbaly right...

Real resistance seems to be around 9000...

[serveria.com]

Fake dump gentlemen 

[Indymoney]

Fake dump gentlemen 

No worries will end with real rise.

[Dabs]

He is still being deceptive or misleading (or implying whatever it is he seems to be implying) about the whole thing, while claiming or stating the "facts" and denying it. He's in a very difficult position to be in.

[hv_]

Fake dump gentlemen 

Due to that?

https://www.cftc.gov/PressRoom/PressReleases/8201-20

[Lucius]

Due to that?

Probably because Trump got up on his left foot and now has a bad day because all those Twitter accounts get hacked, so he wonders if he is next🤳


Source

[JSRAW]

Vegetarian menu tonight...

Google translation : No Sex tonight

[LFC_Bitcoin]

When five digits, FFS?

[JSRAW]

[wxa7115]

Now you understand why I said that? Mainstream media has always been against Bitcoin because they clearly don't understand what it does.

You are not giving enough credit to the mainstream media, they know very well what they are doing, they do not care why bitcoin was created or its goals or what great things the people in the community are doing, what they care about is that this puts at risk the government they desperately need for their funding, the mainstream media is slowly losing its power as people prefer to read alternative sources, however they are still very powerful and the government pays big bucks to them to spread whatever news they want.

The media is supposed to be independent and be impartial but when they receive most of their funding from their government then their role is usurped and they become nothing more but a propaganda machine.

[Dorodha]

It is fascinating to take note of the fact that #Bitcoin excavators have surpassed 80% of the all the bitcoins that will ever be in presence.

Bitamp twitter posted latest bitcoin grouth surpassed 80% it is true bitcoin growth increased day by day In other words, I think that Bitcoin may have become much more popular than before. For the last 2 days, a lot of people think it is bad but I think after the bad news Bitcoin will be more acceptable to people.





If we look at the picture above, we can see that Bitcoin has been going down for some time but hopefully if it doesn't stay below $9K for a long time, bitcoin price will probably go up a lot around $10k or higher. But now we just have to wait and see exactly where Bitcoin actually stands.

[dragonvslinux]

Bitamp twitter posted latest bitcoin grouth surpassed 80% it is true bitcoin growth increased day by day In other words, I think that Bitcoin may have become much more popular than before. For the last 2 days, a lot of people think it is bad but I think after the bad news Bitcoin will be more acceptable to people.



If we look at the picture above, we can see that Bitcoin has been going down for some time but hopefully if it doesn't stay below $9K for a long time, bitcoin price will probably go up a lot around $10k or higher. But now we just have to wait and see exactly where Bitcoin actually stands.

Each bounce from $9K is getting weaker and weaker creating lower highs (bulls losing momentum each time), I think $9,250-$9,300 level will be the next high from here imo:

Another re-test of triangle resistance (at best) then a move downwards is my 70% assumption, in order to re-test ascending support trend-line and flip it to resistance:

   

Still hodling my main stash, but now set limit sells on my alts/btc, then ideally shorting this triangle once it confirms and I get my trading account back into btc 
Ain't saying no to a 11% target with a small dose of leverage, has been a while 


Edit: This was my previous TA expecting a bounce from $9K with a bull-trap to $9.4-9.5K within the bearish channel of the past 6 weeks. I'm not always right by any means, but I can usually find beairsh trend changes.

If there's already been bear traps, and it looks like another bear trap, it's probably a bear trap. Followed by a nasty bull trap:

Not so much bullish trend-changes, but I'm starting to feel the same September 2019 warning signs; that of a descending triangle that waiting to break-down in a hurry with a return of volume & volitility:

[cAPSLOCK]

FWIW, what I think jbreher is saying, is that BTC and BSV can both potentially be equally decentralized. In other words, the algorithms themselves allow for the same amount of decentralization.

However, BTC is currently far more popular/dominant than BSV, and this currently gives it a higher amount of decentralization. But this is not due to the algorithm itself, but due to popularity/dominance, which could potentially change in the future.

Well, I don't believe it will, for several reasons which have been discussed many times here in WO, but that's essentially what jbreher is saying.

The changes BSV makes to the protocol will inevitably centralize the protocol, and this is being touted as a feature, not a bug by the leaders.

Bitcoin is not and has never been about ‘censorship resistance’. I added the alert key to be able to freeze and reverse transactions, if needed. All that matters in Bitcoin is a public record of any transaction that is reversed.

That vision is NOT decentralized. 

Period.

[d_eddie]

Not Sunday, I know
haikus allright on weekdays?
When moon, when lambo?



#haiku

[d_eddie]

The changes BSV makes to the protocol will inevitably centralize the protocol, and this is being touted as a feature, not a bug by the leaders.

This.

Jbreher can say all he wants about 30-lane highways. If it's managed by a single company - or even worse, by a government indirectly - I'm not taking that highway.

[nutildah]

The changes BSV makes to the protocol will inevitably centralize the protocol, and this is being touted as a feature, not a bug by the leaders.

Bitcoin is not and has never been about ‘censorship resistance’. I added the alert key to be able to freeze and reverse transactions, if needed. All that matters in Bitcoin is a public record of any transaction that is reversed.

That vision is NOT decentralized. 

Period.

Well said. A blockchain whose eventual goal is to be measured in petabytes is inherently centralizing, as is one where transactions can be reversed by a single entity.

[Toxic2040]

good morning

Back to say hello to our old friend vegeta, bitcoin is currently trading at $9.1kish. #dyor

bear pokes head over gunwale
1h


jump the hedge
4h

#stronghands

[hv_]

FWIW, what I think jbreher is saying, is that BTC and BSV can both potentially be equally decentralized. In other words, the algorithms themselves allow for the same amount of decentralization.

However, BTC is currently far more popular/dominant than BSV, and this currently gives it a higher amount of decentralization. But this is not due to the algorithm itself, but due to popularity/dominance, which could potentially change in the future.

Well, I don't believe it will, for several reasons which have been discussed many times here in WO, but that's essentially what jbreher is saying.

The changes BSV makes to the protocol will inevitably centralize the protocol, and this is being touted as a feature, not a bug by the leaders.

Bitcoin is not and has never been about ‘censorship resistance’. I added the alert key to be able to freeze and reverse transactions, if needed. All that matters in Bitcoin is a public record of any transaction that is reversed.

That vision is NOT decentralized. 

Period.

Cause there is nothing such as decentralized

There is only open to join mining an compete for incentives, nobody should ever change the rules

And with incentives there is responsibility and nothing out of law

But meh