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

[adamstgBit]

This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.

2 weeks of sideways

that would suck

Maybe not sideways, maybe lower.

nonsense, we'll be back over 600 b4 i goto bed....

[1715531823]

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[1715531823]

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[1715531823]

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[Parazyd]

This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.

2 weeks of sideways

that would suck

Maybe not sideways, maybe lower.

nonsense, we'll be back over 600 b4 i goto bed....

When's your bedtime? I'll be off in half an hour.

[adamstgBit]

This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.

2 weeks of sideways

that would suck

Maybe not sideways, maybe lower.

nonsense, we'll be back over 600 b4 i goto bed....

When's your bedtime? I'll be off in half an hour.

in 4 hours

[adamstgBit]

<4 hours till price is above 600

get your ticket to the moon at BearStamps because its cheapest!

[shmadz]

In the meantime..

congratulations, I hate spainish football, so defensive and boring.

[JayJuanGee]

This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.

2 weeks of sideways

that would suck

Maybe not sideways, maybe lower.

nonsense, we'll be back over 600 b4 i goto bed....

I would consider any BTC prices between $570 and $610 to be sideways, and I have my doubts about whether the SR auction is THAT BIG of a deal.

Some people are suggesting "screw the government" and let's keep the prices for the BTC low, yet I am thinking the direct opposite.  The govt can print as much money as it wants, so a measly 18 million or even 30 million is chicken feed to it.  On the other hand, those BTC were gotten for free, and people who buy them are really getting stolen property.. b/c those coins should have been in the rightful hands of various customers who were buying and selling through SR services.... Anyhow, any purchaser should be forced to pay premium for those coins... accordingly, it would be nice to see a doubling or tripling of the BTC price before the end of the month in order that the buyer(s) will have to pay a premium price for those ill-gotten BTC. 

Probably, I am being a little unrealistic in my hope for BTC prices to go up in the coming two weeks, b/c I am anticipating that BTC prices may NOT move too much in that period of time.. merely b/c this news seems to cause a certain amount of uncertainty regarding the direction of BTC.

[adamstgBit]

the double bottom is in
we are way over sold because of FUD 30K BTC is not going to kill bitcoin
all you fools that are manipulated by market depth are about to get schooled

[ChartBuddy]

Explanation

[Gingermod]

the double bottom is in
we are way over sold because of FUD 30K BTC is not going to kill bitcoin
all you fools that are manipulated by market depth are about to get schooled

I feel like the drop was mainly due to 51% attack fear.

[shmadz]

the double bottom is in
we are way over sold because of FUD 30K BTC is not going to kill bitcoin
all you fools that are manipulated by market depth are about to get schooled

I feel like the drop was mainly due to 51% attack fear.

I wish someone would just attempt a real 51% attack already and prove how futile or destructive it is.

seriously, if it's such a big problem, then how can you ever trust the blockchain with your life savings? until it is tried, and defended against, it will always be a potential "deal-breaker" for bitcoin. kinda like the fork that happened a while ago. (that moment is also the reason I'm still mining at btcguild, even though we're getting crushed right now) - but I am thinking of creating a ghash.io account and pointing my negligible hashrate over there just so we can see what happens...

If there is anything that can break bitcoin, it is better to get it out of the way now, better than later...

[Gingermod]

the double bottom is in
we are way over sold because of FUD 30K BTC is not going to kill bitcoin
all you fools that are manipulated by market depth are about to get schooled

I feel like the drop was mainly due to 51% attack fear.

I wish someone would just attempt a real 51% attack already and prove how futile or destructive it is.

seriously, if it's such a big problem, then how can you ever trust the blockchain with your life savings? until it is tried, and defended against, it will always be a potential "deal-breaker" for bitcoin. kinda like the fork that happened a while ago. (that moment is also the reason I'm still mining at btcguild, even though we're getting crushed right now) - but I am thinking of creating a ghash.io account and pointing my negligible hashrate over there just so we can see what happens...

If there is anything that can break bitcoin, it is better to get it out of the way now, better than later...

Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.

[shmadz]

Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.

that's still a dos attack, and that's still a problem

also withholding blocks, to manipulate the perceived hashrate and effectively attack other mining pools, is a problem

[Gingermod]

Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.

that's still a dos attack, and that's still a problem

until the hashrate drops or like within 10 minutes.

[BBmodBB]

such action

i'm going to buy all 17million in silk road coins inna couple days have you seen smoothie around?lol   weeee

[akujin]

Haha... It's running out of fuel 

[shmadz]

Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.

that's still a dos attack, and that's still a problem

until the hashrate drops or like within 10 minutes.

I'm not sure I understand, if the hashrate drops significantly, it could take longer than 2 weeks for it to adjust.

blocks would be very slow in the meantime,

it's still a denial of service attack.

is it not?

[adamstgBit]

Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.

that's still a dos attack, and that's still a problem

until the hashrate drops or like within 10 minutes.

I'm not sure I understand, if the hashrate drops significantly, it could take longer than 2 weeks for it to adjust.

blocks would be very slow in the meantime,

it's still a denial of service attack.

is it not?

DDOS is when a so many requests to a server are made constantly which slows down service for everyone or crashes the server 

[Gingermod]

Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.

that's still a dos attack, and that's still a problem

until the hashrate drops or like within 10 minutes.

I'm not sure I understand, if the hashrate drops significantly, it could take longer than 2 weeks for it to adjust.

blocks would be very slow in the meantime,

it's still a denial of service attack.

is it not?

When the POOL'S hashrate drops.

[medialab101]

the double bottom is in
we are way over sold because of FUD 30K BTC is not going to kill bitcoin
all you fools that are manipulated by market depth are about to get schooled

I feel like the drop was mainly due to 51% attack fear.

It was the perfect storm of the market being slightly overbought, 51% attack fears due to GHash.IO fiasco, SR coin auction news, a little bit of PBOC rumblings, and some FUD about Stamps being the next Gox.

51% attack fears are a little overhyped and I'm sure will be dealt with soon enough. The SR auction only represents the number of coins that naturally come on to the market in the space of 10 days, drop in a bucket. The PBOC statement that came out was neutral but added a little bit of fuel to the fire. And the speculation about Stamps is baseless and just used to manipulate the market. That only leaves the market being slightly overbought. I think we're headed back up as long as we don't get hit by anymore as-of-yet unknown bad news.

[shmadz]

Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.

that's still a dos attack, and that's still a problem

until the hashrate drops or like within 10 minutes.

I'm not sure I understand, if the hashrate drops significantly, it could take longer than 2 weeks for it to adjust.

blocks would be very slow in the meantime,

it's still a denial of service attack.

is it not?

When the POOL'S hashrate drops.

ah, ok, so they drop below 50 and the attack is dead?

my point is that the possibility of the 51% attack is something that needs to be addressed. so we either test it and find out now, or we just sit around and talk about it until some time down the road someone pulls it off and kills the network?