Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13645. (Read 26715302 times)

I was promised a weekend dump ... ... ... Bob ...

Good morning peoples.

While we still have rougly 9 hours before infofront's poll closes...I think I am going to be a bit shy on the daily high prediction for today.      It appears that roughly 10% of us know what the fuck is going on around here..somewhat reassuring I suppose. 


That being said..it appears that we will be heading in that direction over the short term as Bull's maintain support in the $6.4k range. Key resistance is still hovering in the $6.8k to $6.9k area. The price has moved upwards over the night to break out of the wedge we have been seeing but not with a decisive move. This is telling me we will most likely retest support in this range again before moving upwards and sideways after the close of today's daily candle.
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On an aside..  How about some of these alts..  How would you feel if bitcoin "paused" all transaction?  Uh..sorry guys..hold on while we stop the blockchain.  Ok..its back up...everything's fine...nothing to see here. Or another that released some kludgy code...one small typo and the entire chain became unusable.

Makes me grateful for the methodical conservative approach of bitcoin dev's. First and foremost I want my coins to be absolutely secure as possible.

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1h
Cat stands with arched back


4h


D
Was the large dump coming into June a good thing? It might have been, it has taken the price well below the MA's and that sharks tooth jutting out below the cloud. Now that it is upon us will we start to recover upwards? Or will we continue to shy away due to the perceived low coming in August. My take on it so far..at least on the daily scale is we are so far below the Ichimoku that it has become almost irrelevant for now. #dyor

Yes. But I don't mean to put words in your mouth. How about: so you cede that these properties exist. Would that be fair?

FTFY

So...I think the big question now is....is the bear run this time around like 2013



or 2014-2015


Or will this be totally unique?

In fact, IF I am one of those two posters I would ask for a reread of my post: https://bitcointalksearch.org/topic/m.40211481

Your interpretation is close to what I really said, yup. Even so, I never stated I would not ACCEPT a Segwit tx not even right after the fork. My paranoia doesn't go that far. As I said, I waited for MOVING my funds to Segwit addresses. Something I decided as a prudent (even if overkill) measure because:

- The cost of waiting was none. I had no real need to do it yet, if I had and the need was bigger than the minuscule perceived risk at that time I would have done it. I had the option not to and I took it as it had no cost. It's not much different than if a new denomination bill gets introduced and I decide to change all my cash to it or not. My choice.

- Even so, I would have GLADLY ACCEPTED any segwit tx sent my way at any time. I still do, so if anyone is willing to get rid of their funds in those "pesky" Segwit addresses I can provide one. I will be grateful.

- Also, yes, whatever extreme caution that was considered in the beginning about fully moving to Segwit is long gone. A thing of the past. Let's move on.

About fungibility.... if one (jbreher?) wants to take the term to the extreme meaning (IDENTICAL), then that doesn't really exists. There's no two identical anything. Not in cash -bill denomination, serial numbers, usage wrinkles, etc) not in gold bars -different weight, composition, usage marks, etc- neither in crypto, yeah.

But it is common sense to use the term as SIMILAR/REPLACEABLE and in that respect there is absolutely no lack of fungibility due to Segwit as jbreher is saying. That's complete bullshit.

Bitcoin is the path to lambo. Lambo leads to women. Women lead to marriage. Marriage leads to...suffering.

Lambo has a bull on the badge and it explain everything. Also 90% of Lamborgini's models are the names of famous bulls. It's interesting, just check it out. For example:

In a continuation of Lamborghini's tradition of naming its cars after stars from the world of bullfighting, the Murciélago is named for a fighting bull that survived 24 sword strokes in an 1879 fight against Rafael "El Lagartijo" Molina Sánchez, at the Coso de los califas bullring in Córdoba, Spain. Murciélago fought with such passion and spirit that the matador chose to spare its life, a rare honor. The bull, which came from Joaquin del Val di Navarra's farm, was later presented as a gift to Don Antonio Miura, a noted local breeder; thus began the famed Miura line of fighting bulls, and the name for one of Lamborghini's greatest designs.

How savage is this?

You buy a daily driver for normal life and a lambo for those sunny weekends when you have a bit of free time.

A waste of money, well depends on your circumstances.  If you and your family are financially secure then why not, when your an old man laying on your death bed will you remember how much money you hoarded, that boring shit box of a family car or will you remember flying around in the sun driving a lambo.

I happily trade money for life experiences.

Did my reply imply as much? I don't think they are issues - that's why I was asking. After bitserve, fluidjax too pointed out the meaninglessness of focusing on 51% attacks as segwit-specific attack vectors.

Fungibility isn't a real issue, either - still IMHO. As SW transactions become the majority, only old or newborn coins will be left in your Type 1 (coins that were never touched by a SW transaction). Besides, LN acts as a kind of giant mega-tumbler. If/when LN really gets into widespread use, it will only help fungibility rather than undermine it.

Those two posters stated that they were wary of SW transactions right after the soft fork. This hasn't much to do with fungibility in my understanding - more of a reasonable wait-and-see attitude motivated by sane skepticism about the technology itself - skepticism that might have been triggered by the FUD wave that some were spreading at the time.

I'm totally cool.

A PAIR of lambos? I do not even want to buy one. Why does a lambo seem like a big waste of money no matter how much one has? My car can beat a lambo and it doesnt even cost half as much.

r0ach security systems have been deployed to stop all bitcoin pump and dump scammers:

Come on, people, it's Father's Day. Daddy needs a new pair of Lambos. Sideways at 6500 just doesn't cut it.

The trading volumes are very very low, once they will rise again soon a new dump will happen

No. Just a balanced view. In fact my post was bullish, as I was not mentioning the third case scenario.

Free flowing, identical, mutually interchangeable


People from the Bath office cant work in the London office because they have different network adapters. Is bad for resource fungibility in the company. The cant easily move between offices and work.

I never accept any dollars with the numbers 666 on it. Because satan.

Thus. The dollar is not fungible.

I'm just saying that a couple of people upthread made that statement. That is -- by definition -- a lack of fungibility.

As to why, there may be several reasons. For me, it is the additional attack vectors.

Its a crazy idea, but it is true. There are some Bitcoiners out there that will not accept a Bitcoin TX if there is any segwit TXs in its lineage. Take this with a grain of salt, as my understanding of this attack is very basic and I have no clue how viable it is. The idea behind not accepting Segwit TXs is because there could be a potential 51% collusion attack in the future, where the miners would roll back the Segwit fork and accept all the past Segwit txs as anyone can spend. They would then continue mining the original protocol satoshi designed. So theoretically, there would be two chains. The legacy BTC chain, and the rolled back Segwit chain with all the stolen coins. Any "Legacy" BTC that has no Segwit TXs in its lineage have no risk of being stolen in this attack.

Again, like I said, I have a very rudimentary understanding of this attack. I don't really know the specifics or its viability. This is something that Anonymint has been talking about on this forum recently under his alt account "anunymint".

doge whistle?? hey, you are off topic! shame!!