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

[DubFX]

That paypal news made only few hours pump and we were back as low as 396 today, what's up why is it loosing value was it really overvalued?

who knows, its pure madness out there, pure madness i tell you!

I gotta agree on that i didn't think that we would hit sub 400 again.

[wachtwoord]

.....
As an insider i can tell you that JP Morgan pays about 4000$ a month if you provide at least 10 semi quality bearish manipulation posts per day on BCT.
.....

Really, where can I sign? I'm currently doing this (well, not 10 per day ) for free.

I might be a bull but I'll join this too. I think because I swing for the other side I'll be able to provide a unique perspective

[adamstgBit]

.....
As an insider i can tell you that JP Morgan pays about 4000$ a month if you provide at least 10 semi quality bearish manipulation posts per day on BCT.
.....

Really, where can I sign? I'm currently doing this (well, not 10 per day ) for free.

I might be a bull but I'll join this too. I think because I swing for the other side I'll be able to provide a unique perspective

4000$/month

for spreading FUD everyone already knows over and over

count me in JPM

[JayJuanGee]

--snip--

Amusing that you say bitcoin will fail yet assume the transaction volume goes up 100 times

Don't be ignorant, when did I say Bitcoin will fail ? I said IF these issues wont be fixed then Bitcoin wont survive 20 years, and I added that TCP/IP didn't have much changes in the protocol over a decade, all you wrote above is still theoretically right, but when you get a practical solution that can be implemented we can discuss things further.

and no, I don't think Bitcoin is the greatest thing after internet... this is an insult for all the huge innovators and innovations that took place the last 20 years.

well done snipping my reply out of context as I immediately followed with a statement of you using the "if it doesn't change in 20 years" excuse.
So your argument boils down to "There are potential scalability and security issues if bitcoin is not maintained for 20 years"

IPv4 will/is running out of address space. So should I say it is a failed protocol? Should I call it useless? That issue was known for a long time.
Or even more to the point. Do the address space limitations of IPv4 directly prevent you from writing witty comments in this forum? (assuming you or your provider still run on it)
The same goes for the bitcoin protocol. Absolutely essential changes will come when needed, more is bonus.

I asked you why you believe that technically bitcoin is so flawed that it simply can't last 20 years.
The issues you posted are possible problems that may or may not be relevant.
To make such a definitive claim I would have liked to hear something along the lines of "at difficulty x the nonce is too small to guarantee that a solution can be found" (btw this is a real possibility)
That would be a real issue.

[edit] just to clarify : the nonce is 4 bytes, the block hash 32. You can vary other things like the timestamp but unless you can ensure that you have at least 32 bytes to modify you may not find a solution

Btw I agree with you that bitcoin is not the greatest thing after the internet but I think it is quite significant. Some people get carried away with their enthusiasm.

It remains too early to determine for sure, but bitcoin carries a lot of very interesting innovations that have never been implemented in such a package  - accordingly bitcoin does appear to be amongst the greatest inventions since the invention of the internet (by Al Gore). 

[adamstgBit]

.....
As an insider i can tell you that JP Morgan pays about 4000$ a month if you provide at least 10 semi quality bearish manipulation posts per day on BCT.
.....

Really, where can I sign? I'm currently doing this (well, not 10 per day ) for free.

I might be a bull but I'll join this too. I think because I swing for the other side I'll be able to provide a unique perspective

4000$/month

for spreading FUD everyone already knows over and over

count me in JPM

heres a freeB

bitcoin is useless because banks are too big to fail.

how my doing?

[JayJuanGee]

These sort of people would never dare post in such an area, because the opposition to their tired unsophisticated "critiques" would get completely decimated and ignored by people with any kind of subject matter expertise.

don't worry about the other sub-forum, because unlike this sub-forum, people there are aware of these challenges and acknowledge them, and most of them are fairly objective and not a cultist blind speculator like you, I would like to add that most of people there come from IT careers, people that can drive their own dreams, not like some of the speculators here who trash everyone just because they didn't achieve anything in their lives so they count on Bitcoin as their only and last hope.

YES... this will win people over to you.   

[JayJuanGee]

This place would be so much better if everyone would just stop quoting idiot stolfi.
It's amazing you guys still don't get it. This isn't about Bitcoin. This is about him getting attention. All you are doing is feeding his need for attention. He will keep saying the opposite of what you say just to get attention.
Why don't you people realize this?
If this thread would be closed he would find another high traffic thread about a much talked about subject. He will read it and then start posting in a way that will make a lot of people reply to him. This can be a forum about candy, seals or trees. He doesn't care. He is obsessed with getting attention and you are giving it to him.

Actually he's a paid troll.  He's paid to be here.  As I'm sure there are others here as well... starting to think mmitech is a paid troll too, the way he blathers on and on ad nauseum...

Well unlike most of idiots who talk about me being a troll, I actually owned Bitcoin and I actually made good profits and that was achieved by using so commonsense and objectivity.

I am not a Bitcoin die hard cultist and if Bitcoin would crash down and burn that wouldn't change my life style allot... I have a profession that I can start using again anytime, I was(am) a successful engineer even before I learned about Bitcoin.

It is nice to hear about you and that you are a real person.. but why do you feel so compelled to brag about everything?  There are probably better ways to communicate the same message without the bragging aspect, no?

[fonzie]

.....
As an insider i can tell you that JP Morgan pays about 4000$ a month if you provide at least 10 semi quality bearish manipulation posts per day on BCT.
.....

Really, where can I sign? I'm currently doing this (well, not 10 per day ) for free.

I might be a bull but I'll join this too. I think because I swing for the other side I'll be able to provide a unique perspective

4000$/month

for spreading FUD everyone already knows over and over

count me in JPM

I don´t know how many and which other accounts you have, but Adamstgbit´s history is questionable and probably an obstacle if you try to apply for the job as a professional bear troll.
Tarmi and Tzupy on the other hand could make a great career, they have provided solid work for a long time. 

[megadeth]

.....
As an insider i can tell you that JP Morgan pays about 4000$ a month if you provide at least 10 semi quality bearish manipulation posts per day on BCT.
.....

Really, where can I sign? I'm currently doing this (well, not 10 per day ) for free.

I might be a bull but I'll join this too. I think because I swing for the other side I'll be able to provide a unique perspective

4000$/month

for spreading FUD everyone already knows over and over

count me in JPM

I don´t know how many and which other accounts you have, but Adamstgbit´s history is questionable and probably an obstacle if you try to apply for the job as a professional bear troll.
Tarmi and Tzupy on the other hand could make a great career, they have provided solid work for a long time. 

The team will be led by VP of Troll management Proudhon

[xyzzy099]

The team will be led by VP of Troll management Proudhon

This thread would be a damn sight more entertaining if a true Pro Troll like Proudhon took control of the situation 

[ChartBuddy]

Explanation

[samsonn25]

EMA dropping to $457

[Davyd05]

How many bounces off of 395 edit 390ish can we have ?

I thought that we were using bitstamp as our price reference point?  , and bitstamp has NOT gone below $400 for more than 2.5 days ago.. touched $400 twice during that period, so far.

right you are, seems I was observing it incorrectly at stamp but still a lot of the other exchanges have dipped below 400. I would really just prefer the bottom to go ahead and solidify itself already lol.

Dammit I was just being psychic. HOWEVER I feel the bottom is stronger today then yesterday

[ChartBuddy]

Explanation

[MoreFun]

Anyway if you don't know the complete story of the first DOGE pump and how it was 100% market manipulation by Wolong (chinese dude on Twitter and forums) I suggest you read his PDF on the matter, it explains everything.


https://www.youtube.com/watch?v=JHi-wmRZzvs


You will learn interesting stuff you don't know it already and you will learn why you lost money if you did with DOGE.

You mean that 300 toppish bubble?

[Wandererfromthenorth]

Anyway if you don't know the complete story of the first DOGE pump and how it was 100% market manipulation by Wolong (chinese dude on Twitter and forums) I suggest you read his PDF on the matter, it explains everything.


https://www.youtube.com/watch?v=JHi-wmRZzvs


You will learn interesting stuff you don't know it already and you will learn why you lost money if you did with DOGE.

You mean that 300 toppish bubble?

Exactly, all of it was him.

[ChartBuddy]

Explanation

[prophetx]

the dump is starting again soon

and i mean that in more ways than one

[ChartBuddy]

Explanation

[prophetx]

i think i need to hire a team from the philipines and comb through this thread to report all of the "irrelevant to topic" posts on this thread.

how many reports do you all think a single user could do if I pay them $1/hr plus a 1 cent bonus for each deleted post?

i'm thinking about 600 posts per hour, and i can have this thread whittled down to a few hundred posts in less than a day with a team of two or three

might be a lot of work for the mods though