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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16890. (Read 26713597 times)

member
Activity: 74
Merit: 10
What the hell is going on with the BTC again? Just dipped below 2600 ...?
legendary
Activity: 2520
Merit: 3038
ANALYSIS: WHY AUGUST 3rd?
(micgoossens's prediction game)

(SNIP)
TL;DR.
Fear of Aug 1st dissipates slowly while the wounded lick their wounds. New week, new life starting on Friday Thursday.



Sounds Good 
Let see to 3th of August

Glad you like it  Grin
legendary
Activity: 2520
Merit: 3038
As opposed to the other useful idiots who hype blockchains where every transaction is traced and monitored - the ultimate Orwellian police state dream - while also helping in the banker's goal to eradicate cash from society so they can then control the remaining digital infrastructure and turn everyone into a slave instead of people just using gold and silver to defeat them?  Did you mean those other useful idiots?

Have no idea what you're babbling about brother ... bitcoin's a level playing field

A level playing field if you first purchase an ASIC from Jihan Wu, which allows Jihan Wu to build 10 ASIC of his own for each ASIC you buy from him?  This is fake news.



Amidst tons of doubtful bearsh*t, here's a grain of truth from our c*ckroach. I wouldn't use the phrase "fake news" for that anyway, since it's not news but fact/opinion.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
[...] a 2mb hardfork seems pretty unlikely to take place in the coming couple of years [...]

Really? No.
hero member
Activity: 600
Merit: 504
but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.

If everyone mined that would help de-centralise the network, however there is no PoW change that fixes the current one's problems.
GPU's, different algorithms, they all simply kick the centralisation problems a few months down the road. We need something new, but until that comes we are stuck with what we've got.

There's no reason for any common man off the street to support bitcoin unless he can mine it himself.  Supporting bitcoin at this juncture simply means helping Jihan Wu and a handful of other monopolies become richer.  Bitcoin would likely have already died if it wasn't for altcoins that could be mined then converted to BTC, otherwise the ecosystem would be entirely walled off.

But what do you say ?, what gives value to bitcoin is its usability, people buy as an investment and barely know how it works, you think they are going to put to mine? LOL. If bitcoin did not have core 4 and 5 dollar commissions many more stores would use it, more value, more people, more stores, the exponential price. But the core company is not interested
legendary
Activity: 1260
Merit: 1000
As opposed to the other useful idiots who hype blockchains where every transaction is traced and monitored - the ultimate Orwellian police state dream - while also helping in the banker's goal to eradicate cash from society so they can then control the remaining digital infrastructure and turn everyone into a slave instead of people just using gold and silver to defeat them?  Did you mean those other useful idiots?

Have no idea what you're babbling about brother ... bitcoin's a level playing field

A level playing field if you first purchase an ASIC from Jihan Wu, which allows Jihan Wu to build 10 ASIC of his own for each ASIC you buy from him?  This is fake news.

legendary
Activity: 2744
Merit: 13647
BTC + Crossfit, living life.
ANALYSIS: WHY AUGUST 3rd?
(micgoossens's prediction game)

Preliminaries. (Remarks, confessions.)
Any attempts at analysis for dates so far in the future can't be based on TA in the sense of shoulders, cups and double inverted Batmans. Even if it were a full Cow-and-Shepherd (one of the longest TA patterns), it wouldn't start before July 31st. We know the thing with crypto timings: a stock market's week is worth around a crypto halfday. So the analysis must be based on purely qualitative reasoning, no graphs or stuff.

Honestly, I would have preferred to choose Aug 4th: the time frame I am picturing in my mind is one day longer than what I bet on. Well, I'll work with what I have.

The Analysis.
August 1st will be inconsequential. Y2K, if you see what I mean. However, a few weak hands could and probably will be shaken. What this means is that later, as the price starts to run up - gingerly at first - those who panic sold or missed out the discounts will queue up for more - at a, ehm, slightly higher price of course. I'm not sure about the timing after August 1st, but I liked the 4th because it's Friday. Saturday and Sunday is bull-uga party (dolphins are whales too, as we all know). However, Aug 4th was taken, so I had to settle on the 3rd. I guess the cetacea will have to drink their champagne before the weekend breaks. The timing wasn't that crystal clear in my mind anyway.

TL;DR.
Fear of Aug 1st dissipates slowly while the wounded lick their wounds. New week, new life starting on Friday Thursday.



Sounds Good 
Let see to 3th of August
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Did you mean those other useful idiots?

Have no idea what you're babbling about brother ... bitcoin's a level playing field for anybody who wants to run and smart enough to hide, they need to be quick or dead ... and anybody who wants to hunt needs to have a sharp eye or they go hungry. Math is the final arbiter for honesty in cryptography.

... and kind of sad to see a useful idiot for the central bank gold holdings pumping in a bitcoin forum. You seem really, really, lost.
hero member
Activity: 894
Merit: 501

Yeah, but this was before I'd seen about the fork in Bitcoin. Wishful thinking with tin foil hat would be that the synchrony of the fork and the LedgerX are a conspiracy to create one last buying opportunity. Feet on the ground thinking would be that we're heading DOWN
legendary
Activity: 1652
Merit: 4393
Be a bank
LedgerX has 11 million usd in collateral.  Undecided

also Ethereum hacked 4th time this month ~8 million usd. can't be bothered to link cos who cares at this stage

bonus http://www.phneep.com/projects/bitcoin-propaganda/
hv_
legendary
Activity: 2548
Merit: 1055
Clean Code and Scale
legendary
Activity: 1414
Merit: 1000
Roach, you went from the biggest bitcoin shil to the biggest troll.
It's really obvious you shorted, hope it wasn't on margin.  Shocked
legendary
Activity: 1260
Merit: 1000
Price is going lower again
What happend?
Small drop i know But just asking Why aint we going forward

... looks like the hard-fork-now fail army are back out on the intertubes doing the FUDster rounds again.

Everytime they show up with latest hard-fork-now FUD price dumps. They probably don't realise they are tools (useful idiots) of the bankster players.

As opposed to the other useful idiots who hype blockchains where every transaction is traced and monitored - the ultimate Orwellian police state dream - while also helping in the banker's goal to eradicate cash from society so they can then control the remaining digital infrastructure and turn everyone into a slave instead of people just using gold and silver to defeat them?  Did you mean those other useful idiots?
legendary
Activity: 1652
Merit: 4393
Be a bank
https://twitter.com/timpastoor/status/889769689458585600
I figured we'd all enjoy an updated version of Bitcoin's development visualization. Dramatic music for effect. https://youtu.be/kyi8ac4jrOs
-actually, the music is frightful
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Price is going lower again
What happend?
Small drop i know But just asking Why aint we going forward

... looks like the hard-fork-now fail army are back out on the intertubes doing the FUDster rounds again.

Everytime they show up with latest hard-fork-now FUD price dumps. They probably don't realise they are tools (useful idiots) of the bankster players.
legendary
Activity: 1859
Merit: 1001
you must really really love us a lot to spend so much time, energy & effort trying to save us all from our own stupidity & ignorance 24/7.

none of my parents, siblings or mates have ever shown such enduring consideration.

will you adopt me?

#baggage!
legendary
Activity: 1260
Merit: 1000
but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.

If everyone mined that would help de-centralise the network, however there is no PoW change that fixes the current one's problems.
GPU's, different algorithms, they all simply kick the centralisation problems a few months down the road. We need something new, but until that comes we are stuck with what we've got.

There's no reason for any common man off the street to support bitcoin unless he can mine it himself.  Supporting bitcoin at this juncture simply means helping Jihan Wu and a handful of other monopolies become richer.  Bitcoin would likely have already died if it wasn't for altcoins that could be mined then converted to BTC, otherwise the ecosystem would be entirely walled off.
hero member
Activity: 894
Merit: 501
but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.


If everyone mined that would help de-centralise the network, however there is no PoW change that fixes the current one's problems.
GPU's, different algorithms, they all simply kick the centralisation problems a few months down the road. We need something new, but until that comes we are stuck with what we've got.


I can't ever see Bitcoin switching to proof of stake, even if the cryptography mathematicians do find or have found a workable solution
hero member
Activity: 750
Merit: 601
but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.


If everyone mined that would help de-centralise the network, however there is no PoW change that fixes the current one's problems.
GPU's, different algorithms, they all simply kick the centralisation problems a few months down the road. We need something new, but until that comes we are stuck with what we've got.


legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
I legitimately get myself upset everytime i come here and debate this. its not healthy. i have to stay away....

Cognitive dissonance can do that to a guy when reality starts to poke it's ugly head through the fog of self-delusion.

You "hard-fork now" guys have dug such a deep hole for yourselves using lies and ego butt-hurt and then back-filled it with sloppy FUD, propaganda, bad ideas and worse programming. There's basically no coming back without major crow-eating humble pie and general all around ugliness.

No-one is against 'scaling' bitcoin. No-one is actually against a safe, timely hard-forking and very few are actually against bigger blocks. Your biggest problem really boils down to being butt-hurt about no-one listening to you so you kicked up a stink about things not happening on your timetable. Transaction capacity increases will be achieved in a myriad of ways. Sometimes in ways you haven't thought about and 'don't feel good about' and other times in ways you'll love ... but in the end no-one really cares about how you "feel" about a technical solution to bitcoin capacity increases.

Several 'core' BIP proposals included HF yearly block increases, even a 20% increase per year and a 2MB, 4MB, 8MB block increase ... either of which would have been in place by now and delivering bigger blocks than your recent pathetic 2MB now! current obsession, without all the governance and control shenannigans, stalling and mud-slinging at good people. The bitcoin market place for technical ideas can be brutal but it's time you built a bridge and got over yourselves.

No-one has yet proposed the solution to the problem of long-term evolution for transitioning from block rewards to a fees regime for incentivising network security. Not long after that happens the hard fork will get scheduled and then activated a year later.
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