Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11501.

criptix

legendary

Activity: 2464

Merit: 1145

Quote from: ivomm on February 11, 2019, 06:27:40 PM

What is so special about this price (3600$ Bitstamp and 3700$ Bitfinex) that we sit here for 1 month?!? Is this some major resistance that will turn the tide or what? What are the buyers waiting for - another bart? It is silly and greedy to wait with cash for a few % more at this ridiculous price. Well, at least the buy support to 3200$ increased significantly. Do these "buyers" realy believe their bids will be fulfilled:

Most people are still scared because the bear market COULD still go one more -50%.

People need to regain trust again, which will start the accumulation phase.

If the accumulation phase is over then we will transition into the next bull run.

Imho we will probaly have the next bull run starting in around 20+ months

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

What is so special about this price (3600$ Bitstamp and 3700$ Bitfinex) that we sit here for 1 month?!? Is this some major resistance that will turn the tide or what? What are the buyers waiting for - another bart? It is silly and greedy to wait with cash for a few % more at this ridiculous price. Well, at least the buy support to 3200$ increased significantly. Do these "buyers" realy believe their bids will be fulfilled:

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Early into HODLspace

Good night Observers of the Wall ........

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: mindrust on February 11, 2019, 03:53:49 PM

You still have to download and verify the blockchain first before you prune it.

Correct me if I am wrong.

Well, I don't know the current situation, but some years ago, gmax stated that core no longer verifies back to the genesis block, relying instead upon a centralized checkpoint as 'good enough'. Still downloaded, just not verified. Weird.

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

If you don’t have a deep understanding of:

1. What money is
2. Functions of money
3. Monetary history
4. Money properties that fulfill its various functions

Then don’t you dare criticize Bitcoin.
https://twitter.com/alecziupsnys/status/1095092744337453061?s=21

And the more you learn about those 4 things, the more you realize bitcoin was designed by people who know what the hell they're doing.

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: JayJuanGee on February 11, 2019, 03:53:35 PM

The BIG blockers were neither coming from a good place,

Same place as you, mon frere.

Quote

nor did they have justification

All the justification needed. How soon you forget: Censorless. Permissionless.

Quote

nor genuine motives

Absolute twaddle.

Quote

for their dumb-ass talking points.

Which, of course, is why they needed to be purged from public discourse by the high priests of the Bitcoin information venues. Roll Eyes

crypmike

sr. member

Activity: 910

Merit: 371

Quote from: Last of the V8s on February 11, 2019, 06:12:22 PM

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Quote from: jbreher on February 11, 2019, 05:59:42 PM

Quote from: wachtwoord on February 11, 2019, 02:01:01 PM

Never sacrifice security for something pitiful like ~~"low fees"~~ "small blocks".

^^^ FTFY.

via Imgflip Meme Generator

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: mindrust on February 11, 2019, 02:23:35 PM

I don't mindlessly support Luke's 300kb blocks neither. I just wanted to point out his angle.

Dashjr has been spewing his insane 'smaller blocks' schpiel since years. It dovetails neatly right between his insistence that the sun circles the earth, and his conviction that it is not immoral to summarily execute every human that does not believe his exact picture of magic sky fairy.

kenzawak

hero member

Activity: 658

Merit: 851

A restaurant in Barcelona :

crypmike

sr. member

Activity: 910

Merit: 371

Quote from: crypmike on February 10, 2019, 05:48:00 PM

This is so important... rly?

Lmao, this is gold 🤣I've never seen such ridiculous tweets from any CEO..

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: wachtwoord on February 11, 2019, 02:01:01 PM

Never sacrifice security for something pitiful like ~~"low fees"~~ "small blocks".

^^^ FTFY.

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

via Imgflip Meme Generator

Sorry just when i read crazy pills, Then all is F***ed up Roll Eyes

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: becoin on February 11, 2019, 01:49:36 PM

Chinese mining cartel is selling every bitcoin they mine to defend bcash price.

Evidence?

Oh... And... We all see that you evaded answering Bob's question.

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: ?? on ??

Quote from: mindrust on February 11, 2019, 01:34:54 PM

It grows 50gb/year.
In 5 years, you'll have to download 500gb data to start your own node. And if you already say "fuck no i am not doing it", now imagine how would it look like in 10 years.

In 5 years, technology and infrastructure should hopefully have further matured to the point where you start up Bitcoin for the first time, go and take a nice deuce, come back to your system a few minutes later, and should be mostly good-to-go.

Downloading 500gb for a node 5 years from now should be such an absolute non-issue, it's embarrassing that people are seriously considering taking a backwards step right now, and failing to see the larger picture.

And you wonder why I'm legit taking crazy pills Undecided

Imagine how I must feel reading this response. Funny world, Bob.

Funny, funny world.

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Dammit late evening call ..... have to do a McDo night shift, 24h stand-by almost feeling like a doctor or something

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: becoin on February 11, 2019, 01:02:25 PM

Quote from: ?? on ??

... and LukeJr is calling for 300kb blocks ...

He is right. We've Lightning now and 300kb blocks is something more than logical!

Funny definition of 'logical'. With 300kB blocks, it would take on the order of a half of a millennium in order to onboard the world to LN.

How long do you expect each channel to lock funds via HTLC?

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: bitserve on February 11, 2019, 03:58:57 PM

Quote from: mindrust on February 11, 2019, 03:53:49 PM

Quote from: bitserve on February 11, 2019, 03:38:41 PM

In just five words: Pruning.

In just few words:

Nope.

You still have to download and verify the blockchain first before you prune it.

Correct me if I am wrong.

To be honest I haven't personally used pruning. I am assuming you could download an already pruned blockchain ie since the beginning till 1-1-2019 and resume from there. Not sure if core currently has that feature, but it is technically possible without much effort.

That’s exactly how Ethereum in warp mode works. But if you’re running in warp mode, you are not a full node. You are a lite wallet.

Almost no one runs a full Ethereum node, including people who think they are running a full node but actually aren’t.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: ?? on ??

Quote from: rdbase on February 11, 2019, 04:48:48 PM

Quote from: ?? on ??

Quote from: El duderino_ on February 11, 2019, 04:40:13 PM

Central banks have been buying up gold at a rate not seen since World War II.

Why?

- Near-record buildup in government debt
- Global instability
- Supply issues
- Inflation

For those same reasons, we buy bitcoin.

https://twitter.com/alecziupsnys/status/1095028886361047040?s=21

So I should also buy a little nibble of gold too right? I mean central Banks manipulate so much why wouldn't they manipulate the gold prices if they're holding it.

You could be on to something there. Cheesy

How about invest into buying pure 0.999% ounce gold coins which are loaded with bitcoin? Grin

Then you could have your investment double covered against the recession.

The premiums on those were always stupid, cheaper to buy my own and engrave a private key in them.

You don't need to buy gold to hedge against bitcoin....... or bitcoin to hedge against gold.

You buy bitcoin in order to hedge against traditional financial investments that are based on fiat, and Bitcoin seems to be more than a sufficient hedge against traditional fiat based assets - likely a superior hedge as compared with gold because it is more portable, divisible, easy to verify and has more potential for price appreciation based on early stages of adoption... in other words likely s-curve exponential growth in the near term.. especially if you are considering a 5-10 year timeline for experiencing actual relative value returns.

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