Hashrate vs Price all time (log scale):
Interesting. Log scale shows an almost inverse correlation between hash rate and price.
). Did price dip with that big increase in hashpower recently?Of course correlation =/= causation.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13703. (Read 26714044 times)
June 07, 2018, 10:58:18 AM
Interesting. Log scale shows an almost inverse correlation between hash rate and price.
). Did price dip with that big increase in hashpower recently?Of course correlation =/= causation.
June 07, 2018, 10:57:46 AM
it cant be that people suffer from just doing normal things.
oh...but it can
June 07, 2018, 10:48:12 AM
The hash rate scares me, all that money being poured into serving the network. Im all for efficiency driven competition, the network has to stay cheap vs competitors to use so I dont want to see them with higher costs from big R&D on asic. I guess it'll work itself out in some way
This seems massive news, taxing every single transaction and exchange of crypto is basically criminalising a population because normal people cant be paying accountants to do their books because they bought a bottle of shampoo with bitcoin. Seems there is conflicting ideas and it cant be that people suffer from just doing normal things.
Roughly bullish action, 7720 as a short term cap and 7370 seems a good base. yea I have 7720 already drawn in as a fib line, that'd make 8043 target upside initially
Quote
The SEC Says Bitcoin Can Replace Sovereign Currencies And Cryptocurrencies Are Not Securities. (thecryptograph.net)
https://thecryptograph.net/sec-says-bitcoin-can-replace-sovereign-currencies-not-security-but-icos-are/This seems massive news, taxing every single transaction and exchange of crypto is basically criminalising a population because normal people cant be paying accountants to do their books because they bought a bottle of shampoo with bitcoin. Seems there is conflicting ideas and it cant be that people suffer from just doing normal things.
Roughly bullish action, 7720 as a short term cap and 7370 seems a good base. yea I have 7720 already drawn in as a fib line, that'd make 8043 target upside initially
June 07, 2018, 10:34:34 AM
No. I have no doubt that the result of changing the PoW for Bitcoin will be yet another forked chain that is NotBitcoin.
Yet, this is exactly what Luke-jr has been advocating as of late. Look it up.
All y'all need to get out more.
Yet, this is exactly what Luke-jr has been advocating as of late. Look it up.
All y'all need to get out more.
And yet that's exactly what the BCash idiots did, forked a chain that is NotBitcoin. Oh the irony.
But jbreher likes his selective amnesia, it feeds into his cognitive dissonance I guess.
Funny thing is how they try to be Bitcoin instead of “something better” (according to their religion).
Why would you want to be the same as something that you think less of your product. Few days ago I saw global “rebranding” campaign that would make us believe which is the true Bitcoin
June 07, 2018, 10:24:29 AM
Looking at these graphs makes me think that BTC is ON TRACK TO MOON LANDING as long as hashrate continues to climb.
IMO hashrate is following the price.
we would see decreasing hashrate when the bitcoin price is to low for to long. if there is no money left to pay power bills hashrate will fall fast.
June 07, 2018, 09:01:25 AM
Looking at these graphs makes me think that BTC is ON TRACK TO MOON LANDING as long as hashrate continues to climb.
Hashrate vs Price last 12 months (linear scale):
Hashrate vs Price all time (log scale):
Hashrate vs Price last 12 months (linear scale):
Hashrate vs Price all time (log scale):
June 07, 2018, 08:51:08 AM
Only a breakout that is 1/3 away from apex of triangle is significant.
If btc manages to exit the pattern from the apex, the direction of exit is not important
If btc manages to exit the pattern from the apex, the direction of exit is not important
June 07, 2018, 07:42:54 AM
June 07, 2018, 07:34:40 AM
http://archive.is/Y9NNv - http://www.thedrive.com/the-war-zone/21358/virginia-soldier-may-have-had-bigger-plans-for-drug-fueled-rampage-in-stolen-armored-vehicle
Quote
He was also involved in the development of a cryptocurrency called ZenCash, before leaving the project and claiming he had discovered a way to hack its underlying blockchain. One of his more cryptic Tweets said "permission to execute the 0day sir," with a "zero-day" being a common term for a known cybersecurity vulnerability. On June 4, 2018, ZenCash did suffer a cyberattack, but there is no evidence so far linking Yahut to that event.
via @shinohai June 07, 2018, 07:26:56 AM
via @qew
June 07, 2018, 06:40:56 AM
What the hell does this volume decline mean?
-Not even Doanld will risk a wall
-LOL bleedout
-No volume bounce is possible, some anti gravity force I don't know about is out there
It shows indecision as we get to the apex of the big triangle. Something big will happen within the next week or two.
So let's say that their is no volume --> nobody sells nobody buys, no bots nothing.
What happens to the price?
It stays the same level , doesn't it?
"No volume" hasn't happened yet. Low volume means that anybody who buys/sells even just 1$ of the stuff (maybe to themselves, as in a wash trade) get to make the price the world sees. This price manipulation is extremely easy, meaning cheap, because of the low volume.
Thanks, d_eddie, I was actually trying to understand the 'volume preceeds the price' statement.
I often read "their is no volume, volume is declining, price will go down... "
So price shifts upwards with high volume --> uptrend confirmed
Currently price seems stable but the volume is declining, so prices can be stable with decreasing volume too?
June 07, 2018, 06:29:31 AM
June 07, 2018, 06:28:08 AM
No. I have no doubt that the result of changing the PoW for Bitcoin will be yet another forked chain that is NotBitcoin.
Yet, this is exactly what Luke-jr has been advocating as of late. Look it up.
All y'all need to get out more.
Yet, this is exactly what Luke-jr has been advocating as of late. Look it up.
All y'all need to get out more.
And yet that's exactly what the BCash idiots did, forked a chain that is NotBitcoin. Oh the irony.
But jbreher likes his selective amnesia, it feeds into his cognitive dissonance I guess.
Bcash in freefall
June 07, 2018, 06:17:25 AM
No. I have no doubt that the result of changing the PoW for Bitcoin will be yet another forked chain that is NotBitcoin.
Yet, this is exactly what Luke-jr has been advocating as of late. Look it up.
All y'all need to get out more.
Yet, this is exactly what Luke-jr has been advocating as of late. Look it up.
All y'all need to get out more.
And yet that's exactly what the BCash idiots did, forked a chain that is NotBitcoin. Oh the irony.
But jbreher likes his selective amnesia, it feeds into his cognitive dissonance I guess.
Bcash in freefall
June 07, 2018, 06:04:35 AM
No. I have no doubt that the result of changing the PoW for Bitcoin will be yet another forked chain that is NotBitcoin.
Yet, this is exactly what Luke-jr has been advocating as of late. Look it up.
All y'all need to get out more.
Yet, this is exactly what Luke-jr has been advocating as of late. Look it up.
All y'all need to get out more.
And yet that's exactly what the BCash idiots did, forked a chain that is NotBitcoin. Oh the irony.
But jbreher likes his selective amnesia, it feeds into his cognitive dissonance I guess.
June 07, 2018, 05:44:33 AM
also WO is like 20 pages further anything funny happend ?
We read infinite JayJuanGee posts and were fascinated by the material:
And, like this, too:
June 07, 2018, 05:44:10 AM
What the hell does this volume decline mean?
-Not even Doanld will risk a wall
-LOL bleedout
-No volume bounce is possible, some anti gravity force I don't know about is out there
It shows indecision as we get to the apex of the big triangle. Something big will happen within the next week or two.
So let's say that their is no volume --> nobody sells nobody buys, no bots nothing.
What happens to the price?
It stays the same level , doesn't it?
"No volume" hasn't happened yet. Low volume means that anybody who buys/sells even just 1$ of the stuff (maybe to themselves, as in a wash trade) get to make the price the world sees. This price manipulation is extremely easy, meaning cheap, because of the low volume.
June 07, 2018, 05:44:00 AM
FWIW, Gregory Maxwell also believed that satoshi's design was fundamentally and irredeemably broken. And these are the 'geniuses' that so much of the community choose to follow.
As if you have any kind of credibility here to be asserting the ideas of GMaxwell in proper context?
You need me to dig up a quote to show how wrong you are?
Found this:
Quote
"When bitcoin first came out, I was on the cryptography mailing list. When it happened, I sort of laughed. Because I had already proven that decentralized consensus was impossible."
but than alsoQuote
"I started contributing to the bitcoin software basically right after paying attention to it and learning how it worked. Seeing, 'oh, this isn't impossible'."
https://www.coindesk.com/gregory-maxwell-went-bitcoin-skeptic-core-developer/Even tho "someone" simply thinks this about Maxwell
Who in hell is Greg Smackswell
June 07, 2018, 05:41:02 AM
FWIW, Gregory Maxwell also believed that satoshi's design was fundamentally and irredeemably broken. And these are the 'geniuses' that so much of the community choose to follow.
As if you have any kind of credibility here to be asserting the ideas of GMaxwell in proper context?
You need me to dig up a quote to show how wrong you are?
Found this:
Quote
"When bitcoin first came out, I was on the cryptography mailing list. When it happened, I sort of laughed. Because I had already proven that decentralized consensus was impossible."
but than alsoQuote
"I started contributing to the bitcoin software basically right after paying attention to it and learning how it worked. Seeing, 'oh, this isn't impossible'."
https://www.coindesk.com/gregory-maxwell-went-bitcoin-skeptic-core-developer/Even tho "someone" simply thinks this about Maxwell
June 07, 2018, 05:37:14 AM
mymenace,
That was largely my point, along with the diff increase it doesn't look good.
That was largely my point, along with the diff increase it doesn't look good.
Thought as much.
That was one hell of a train wreck to watch - butterfly labs
1. The initial announcement as you pointed out
2. The immediate realization of what they were going to do. mine, mine and mine before you get it
3. And then they did it
4. Surprise, got caught
Everyone called it from this point on wards
what a train wreck it was
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