Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13058. (Read 26718310 times)

Whose narrative is that? I don't recall that position ever being advocated by anyone of note.

Ability to be used as a medium of exchange (MoE) certainly does not preclude ability to be used as a store of value (SoV). Indeed, there is significant evidence that MoE is necessary for any commodity to become a SoV. And a reasonable theory that any commodity that loses its MoE will therefore lose its ability to be a SoV. Which bodes poorly for BTC, unless the LN grows quickly by several orders of magnitude.

Yeah... about that... I dunno, man.

We seem to have at least three camps that are determined to their way or the hiway:
- SV
- ABC
- C0bra

As well as BU trying to play peacemaker, but the result of their role is misunderstood.

SV and ABC each seem to have significant hashpower. This will likely lead to a split -- should each side remain committed to their cause -- resulting in two BCHs.

I've not seen any evidence that C0bra has any significant hashpower behind it. Accordingly, I expect this effort to fail, and if 'successful', be result in such a minority fork that it asymptotically tends toward zero. Maybe even quickly, due to hashpower-driven chain death.

Which leaves BU as the random wild card. Due to the rules of consensus, BU will follow the first chain -- SV or ABC -- to mine a majority block that contains a transaction that employs the new SV rules or the new ABC rules. That is first-in-time. Once the chain contains a transaction with either SV rules or ABC rules, it cannot ever contain a block with the other's rules. That is, subject to a majority of hashpower suddenly deciding to accept the other camp's rules, by creating a block with both's rules. Unlikely.

So rather than 'Winner takes it all', unless some attitudes change, we seem to be heading for 2.1 forks of BCH going forward. Which could likely portend a dismal future.

As said above, I'm hoping for a kumbaya moment.

LOL 

Magic 8 ball says: "Concentrate and ask again".

In all due seriousness, I really don't have a good read on this yet. I've not even finished my analysis as to which way I would like to see it go.

As for my initial preferences:

My first read is that I'd like to see it tend toward no block size cap (and therefore have max block size be an emergent property of the system, a la BU). I also think I like the idea of re-enabling opcodes that were in the initial release - at least as compared to enabling a new opcode. I don't see the need for CTOR either.

All the above would put me in the SV camp, rather than the ABC camp. Or perhaps BU (hash power vote on each feature), or C0bra (no changes). But as I said, more analysis is required.

I also hold out some hope for a kumbaya moment. However, cross-camp relations don't seem to be getting any better with time.

Given that Bitmain has a split commitment to BCH and BTC, I was fairly comfortable in the hashpower battle going forward with nChain/Ayre/&co. However, with Bitmain finally successful (from all reports) with a 7nm chip, this no longer seems a safe assumption.

I guess I'll need to finish my analysis, pick a side, and get involved with the internal advocacy...

I’ve got a load of XRP left at Bittrex, not overly concerned about it but be great if they went to say $100 each one day

He could lend this money
So he gained 1k from the 1st deal
Then took -1k when he lent
And then again +1k

True, If he only had 6k then he could not have made the second purchase.

Since it says he made both purchases he must have had at least 7k to start.


$6k in seashells.


You will have to explain this to the rest of the class.


LOL


You can substitute $BTC for A and solve for A.

I prefer to solve for seashells.


W00ps LOL ...


I agree, so solve for both.


Lol, yup I think that was his point. But from that point of view you would have lost -1k by not holding at 6k. You missed the 1k at 7-8k

Expect a continuation of the bullish movement

SHORTS amount decreased a lot despite on the falling past 3 days market
Probably MM prepares something

Also, a daily MA50 retest is nice

So higher low daily and continuation in the next days? Bitcoin still looking fairly strong. Hopefully nothing weird happens, we all know this is a serious market with no pumps and dumps.

I think the key word is money. Do you consider bitcoin is money or usd as money? If you consider that money is us$ fiat  (rather than just currency) its quite simple you made 2k dollars for no change in your bitcoin wealth.

https://www.quora.com/What-is-the-difference-between-currency-and-money-1

But perhaps bitcoin is a better form of money? In which case you didn't increase your bitcoin wealth at all but did get 2k dollars of dry powder to buy on the next dip.

The answer is you made less money than if you hodl'd

yeah still under 10K what are we gonna do .......

suggest hodl all the way

Price is down to unprecedented* levels.

It was nice knowing you all, we will never forget this crazy experiment that we were all a part of.



*in terms of the past few minutes/seconds

the honey badger raccoon is ready to roll

wall watching improved 

via Imgflip Meme Generator

1 small pump of XRP and all the enthousiast where there HAHA     

Yep, called it and sold all out my trade stash.  I only do spot.. so now wait time for the bottom.   This is the hard part. I almost always go back in to early.