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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16965. (Read 26715635 times)

sr. member
Activity: 336
Merit: 250
In two weeks, everything will be forgotten.

                                      



Prepare for the BLITZ!
member
Activity: 122
Merit: 10
Looks like them panic sellers have been played beautifully once more. There'll be more of it. Try not selling and see where you end up.

That's too complicated for those guys. It's much easier to buy high and panic sell low. Smiley
legendary
Activity: 1932
Merit: 1610
Self made HODLER ✓
Well I am totally confused. You are all saying different things too.

I don't know which one to take notice of!


Edit. If I'm confused then I can't imagine what other folk must be like. Uncertainty definitely doesn't make things overly positive.

I'm sure it'll be clearer soon.

There is no spoon fork.
legendary
Activity: 1358
Merit: 1016
Well I am totally confused. You are all saying different things too.

I don't know which one to take notice of!


Edit. If I'm confused then I can't imagine what other folk must be like. Uncertainty definitely doesn't make things overly positive.

I'm sure it'll be clearer soon.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
What IS that big Bitstamp wall up to..?
I hope for a full retracement, but will not be certain of it until we are above $2500. A lot of money could have been easily made in the last couple of days, for those who trade smart.

Sounds like you are experiencing some regrets, Lauda?

I execute trades every $50, and everything went pretty smooth with me, except for a mistake that I made at $1859.  For some reason I sold twice at $1859, when I thought that I was executing buy orders.. I still cannot figure out what I did exactly, so in order to recover, I had set buy orders to buy back my mistake at $1840 and $1820, but alas, we never returned to those prices.. at least so far.


I am just writing it off as some kind of wash mistake.. it washed out some of my other seemingly profitable trades... so it is all good.. and my portfolio is only affected like less than .2% by the mistake.


Oh .. and thanks for you clarification of BIP91 and BIP148.  It seems that however many times these explanations are repeated, there are further opportunities for confusion proliferation, which can come from the content of one or two erroneous posts...
legendary
Activity: 1526
Merit: 1012
i don't understand a thing about this segwit activation mess, but i think it's what they want (reptilian overloads), keep us ants in the dark.


what i undrrstand tho is that bitcoin will be dumped after segwit activates
legendary
Activity: 1932
Merit: 1610
Self made HODLER ✓


Correct me if I am wrong, but it is my understanding that the following scenario is the most plausible:
- BIP91 locks-in
- BIP148 probably doesn't lock-in because of not reaching 95% consensus... but then UASF comes into place forcing BIP148
- BIP91 and BIP148 both support segwit, so both implementations are compatible and don't orphan each others blocks
- Profit
No. That is also fundamentally wrong. BIP91, after locking in and triggering will orphan any non-Segwit signalling blocks, which is the same that BIP148 starts doing on August the 1st. As long as BIP91 locks-in before August the 1st, there is not going to be a fork on that day.
UASF is BIP148, or to be more precise: BIP148 is an implementation of UASF. BIP148 does not need 95% consensus (this number was never associated with it).


That is even better. As long as miners stick to THEIR OWN roadmap we will all be fine... And with all the weak hands shaken during this last correction the rise after all the uncertainty dissapears could be impressive.
hero member
Activity: 1008
Merit: 1000
And the price keeps creeping upward. $2300 before morning (EDT)?

Last week is beginning to look like an aberration. The almost 2-year-old uptrend seems to still be in order.

It's funny how a little panic-inspired dip of less than a week's duration had so many people talking about bursting bubbles, bear markets, and the death of Bitcoin.

It seems a certain honey badger had different ideas.

Sup? Wink

BTC barely mooned in this uptrend ($3K? pshh), lets at least get our moonshot before a bear market. That's gonna require some nice long weekly greens.

This bounce was strong, bears are gonna be fierce at the $2300 zone, but they getting nervous, segwit is just around the corner

Don't worry the fun as only just begun.

There will be lots of trading opportunity the coming weeks.
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
It's getting near my bedtime but I'm sleeping alone tonight and we're getting so close to $2300 I can't stop watching.

Damn you Bitcoin.  Grin
legendary
Activity: 2674
Merit: 3000
Terminated.
What IS that big Bitstamp wall up to..?
I hope for a full retracement, but will not be certain of it until we are above $2500. A lot of money could have been easily made in the last couple of days, for those who trade smart.

hint : BIP91 is not a bitcoin core feature or policy.
It doesn't provide a way to activate SegWit.
It does activate Segwit. You have a fundamental misunderstanding if you think that it does not. BIP91 will start orphaning non-SW signalling blocks after it has 80% of the blocks for 72 hours (IIRC). This means that the traditional activation mechanism will see a spike to 95% (BIP9) which requires 2 weeks to lock in Segwit, and then another 2 weeks to activate it.

Correct me if I am wrong, but it is my understanding that the following scenario is the most plausible:
- BIP91 locks-in
- BIP148 probably doesn't lock-in because of not reaching 95% consensus... but then UASF comes into place forcing BIP148
- BIP91 and BIP148 both support segwit, so both implementations are compatible and don't orphan each others blocks
- Profit
No. That is also fundamentally wrong. BIP91, after locking in and triggering will orphan any non-Segwit signalling blocks, which is the same that BIP148 starts doing on August the 1st. As long as BIP91 locks-in before August the 1st, there is not going to be a fork on that day.
UASF is BIP148, or to be more precise: BIP148 is an implementation of UASF. BIP148 does not need 95% consensus (this number was never associated with it).
legendary
Activity: 1932
Merit: 1610
Self made HODLER ✓
Scaling debat is reaching it's climax, Segwit lock-in incoming soon.

hint : BIP91 is not a bitcoin core feature or policy.
It doesn't provide a way to activate SegWit.

Officials BIPS of Bitcoin Core are here : https://bitcoincore.org/en/bips/

Correct me if I am wrong, but it is my understanding that the following scenario is the most plausible:

- BIP91 locks-in
- BIP148 probably doesn't lock-in because of not reaching 95% consensus... but then UASF comes into place forcing BIP148
- BIP91 and BIP148 both support segwit, so both implementations are compatible and don't orphan each others blocks
- Profit
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
John McAfee is taking bets:

Quote
In the long term Bitcoin moves above  $500,000 within three years. Bets?

https://twitter.com/officialmcafee/status/887012614131372032

Send legal contract bet to:
John McAfee
98 Scott Street. Lexington, TN. 38351


I would definitely take a $500k bet knowing that in 3 years I can sell one of my bitcoins for $500k to pay off the bet happily. Or he gives me $500k. Win win.


Well, the problem is nobody knows what $500k can buy you after 3 years!


Not sure if trolling or lost his marbles.
legendary
Activity: 1512
Merit: 1012
Scaling debat is reaching it's climax, Segwit lock-in incoming soon.

hint : BIP91 is not a bitcoin core feature or policy.
It doesn't provide a way to activate SegWit.

Officials BIPS of Bitcoin Core are here : https://bitcoincore.org/en/bips/
hero member
Activity: 786
Merit: 857
John McAfee is taking bets:

Quote
In the long term Bitcoin moves above  $500,000 within three years. Bets?

https://twitter.com/officialmcafee/status/887012614131372032

Send legal contract bet to:
John McAfee
98 Scott Street. Lexington, TN. 38351


I would definitely take a $500k bet knowing that in 3 years I can sell one of my bitcoins for $500k to pay off the bet happily. Or he gives me $500k. Win win.


Great idea Elwar only he also tweeted that funds need to be escrowed immediately and he is betting on the Jihan fork!
legendary
Activity: 1330
Merit: 1000
dafar consulting
And the price keeps creeping upward. $2300 before morning (EDT)?

Last week is beginning to look like an aberration. The almost 2-year-old uptrend seems to still be in order.

It's funny how a little panic-inspired dip of less than a week's duration had so many people talking about bursting bubbles, bear markets, and the death of Bitcoin.

It seems a certain honey badger had different ideas.

Sup? Wink

BTC barely mooned in this uptrend ($3K? pshh), lets at least get our moonshot before a bear market. That's gonna require some nice long weekly greens.

This bounce was strong, bears are gonna be fierce at the $2300 zone, but they getting nervous, segwit is just around the corner
legendary
Activity: 3431
Merit: 1233
John McAfee is taking bets:

Quote
In the long term Bitcoin moves above  $500,000 within three years. Bets?

https://twitter.com/officialmcafee/status/887012614131372032

Send legal contract bet to:
John McAfee
98 Scott Street. Lexington, TN. 38351


I would definitely take a $500k bet knowing that in 3 years I can sell one of my bitcoins for $500k to pay off the bet happily. Or he gives me $500k. Win win.


Well, the problem is nobody knows what $500k can buy you after 3 years!
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
And the price keeps creeping upward. $2300 before morning (EDT)?

Last week is beginning to look like an aberration. The almost 2-year-old uptrend seems to still be in order.

It's funny how a little panic-inspired dip of less than a week's duration had so many people talking about bursting bubbles, bear markets, and the death of Bitcoin.

It seems a certain honey badger had different ideas.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
BIP91 now at 60%

It needs 80% to activate.

Doesn't it have to sustain over 80% for like two days?  a certain number of blocks?  or am I remembering incorrectly?


Do you guys (and gal) think that we are experiencing such bullish price pressures because of this seemingly activation thingie? 

As I type, Stamp is kind of pushing much higher prices (2-4%), and everyone else is seeming more resistant to follow.. maybe afraid of getting dumped upon?  gun shy?

The price has been following activation for a while. The dump over the weekend came right after Garzick announced that the software (that was supposed to be released) was not ready.

Rebounded after the software was released and miners started using it.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
BIP91 now at 60%

It needs 80% to activate.

Doesn't it have to sustain over 80% for like two days?  a certain number of blocks?  or am I remembering incorrectly?


Do you guys (and gal) think that we are experiencing such bullish price pressures because of this seemingly activation thingie? 

As I type, Stamp is kind of pushing much higher prices (2-4%), and everyone else is seeming more resistant to follow.. maybe afraid of getting dumped upon?  gun shy?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Prediction:

BTC1 (Segwit2x) will be released Monday for the miners to test sending the bitcoin price back above $2300.

Predicted when the price was in the $1800s Wink
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