Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17091. (Read 26583092 times)

i run many full nodes ... since 2014.
i fully understand the needed material for handle a full node ... on a real OS.

Seemed like a decent compromise to me. Core programmers snubbing it was disappointing.

I know you can. But it is one the craziest ideas I have ever heard. WHY? What would be the impact on cpu and data usage?

The phone would become almost unusable as a phone, but, anyways, I understand rjclarcke was looking for a more secure way of handling some of his Bitcoins, and that is using hardware wallets (Trezor or Ledger Nano S). Anything other than that doesn't add any safety to what he probably is currently using.

Again, do YOU have any hardware wallet?

Actual Local Blockchain = 132GB
Actual Available Storage on smartphone = 237GB
Actual CPU on smartphone = Quad Core Atom 2,5GHz 64 bits
Actual RAM on smartphone = 6GB
Actual smartphone ARE tablet = Boot on Win10 64bit Desktop edition (not mobile and not tablet depreciate edition) and so ... Ubuntu/Debian distribution



Response : Yes.



Proof : https://www.youtube.com/watch?v=OwyFEfuTDew



You can run full node of bitcoin core on a "high end" phone (Apple price actually ...).
Probably take 2 weeks to recreate the cryptography of the Local Blockchain ... but, hey ... it's a netbook base after all.

Yes, that does makes sense. If I am waiting for the right signal for the scaling issue to be solved before going all in, maybe many other people is waiting the same.

I hope that Segwit+2MB gets enough support to finally end this absurd war. At this time it looks as the only non contentious alternative. I don't like the idea of non unanimous hard forks, nor UASF. Whatever is supported by an almost unanimous majority is ok to me at this time (Well, except BU/EC as I am totally against it).

This is because of the btc block size drama. If that was fixed the resulting pump in btc
price and hype. Well, then it would happen. Lots of $$ sitting elsewhere because of that
Bitcoin devs of many flavors, that won't play together.

So that's why I am so confussed the alts market hasn't start to bleed into Bitcoin. It's against all I would have predicted. Why hasn't hapenned yet?

I do think it will, because that's the logical outcome, but I am surprised it hasn't hapenned already.

100 years is too long term to even consider...

guys there wont be another big dump...for the time being...we need to go reallly high first then come back...but we wont dump back as low this for a long long time ( unless we get a serious hack exchange, which would be nothing but a mere setback anyway.
starting from june 1st, crypto will be booming again and heading towards the $500bill area over the next few months

the huge amount of new accounts, and new exchanges are all ready

very very dangerous time to be trying to catch knives...

best thing to do...buy soon or hodl what ya got
 

What crypto-currency have wallet on phone ?
A real one -with backup & restore & official support ... not a backdoor to a VIRTUAL wallet hosted on exchange.

You can not pay a person with ALTS.
You can not start a business with ALTS.

ALTS are good to trade and it's an hoover for FIAT money (good, because Bitcoin is the last step after trading ALTS).

Bitcoin is a vault for 100 years.
http://www.coindesk.com/bitcoin-nanosatellites-orbit-earth-2016/

I understand the skepticism and thanks for the reply. Much appreciated.  No trolling here, genuine questions only.   I was asking about a breakout now before further corrections. Lets say if this is the last leg before a pattern completes around 2K we would be able to predict a breakout sometime shortly after 2300 and likely predict a top. More my question was regarding the health of Bitcoin and if we did see such low corrections and how that might look for its future.  

Are you really comparing storing the private keys on an AndroidOS vs a specific external hardware device like Trezor? Are you suggesting running a full core node on a smartphone?

Are you fucking serious?

Do you even have ANY hardware wallet?

new smartphone comes with 256GB of storage ... enough to store a complet Bitcoin Core Local Blockchain.
(Xiaomi Mix)

Trezo is "hell" to complicate (need plugin and average browser of specific SPV wallet).

I really don't understand anything. Many alts have gone 10, 20, 50, or even 75x in the past months while Bitcoin has done "only" a 2x and when we have a correction it gets linear to all cryptocurrencies. I expected the altcoin bubble to pop and start blowing into bitcoin but I am not seeing that yet.

I don't know if I was wrong or if that has yet to come.

What do you guys think?

I have been holding (my non-trading little stash) since 2013 so I will keep doing it no matter what but I am a bit confussed at this time.

What do you think?

Some of us are skeptical about the genuineness of the questions of newbie accounts.

For now, I am going to assume that you are not trolling.. welcome to the forum.


Well, yes, regarding your questions,  if the price breaks below $1850 to $1900 then the next area of support would likely be in the $1500 to $1600 area.. and if it breaks below $1500 then the next area of support would be $1200 to $1300... ..

So, in your question, you are asking about a break down to $1200, and that is not at all bearish.

Remember, it seems like a long time ago, but we were just at $1200 - about a month ago. So, yeah, it is no way bearish to return to $1200.. the same is true about $890, we could return to those seemingly low level price levels and still be in an overall bulltrend.... remember  we moved from $250 to $2760 in about 20 months.


Regarding breaking out to $3k, it becomes more delayed the lower the correction.  At this time, we have not experienced the correction beyond $1850, so it seems a bit premature to talk about what if $3k to $5k in the event of more correction.

We have to see how one leg plays out before predicting the next leg... so yeah, the greater the correction the more likely that more resistance will form at different levels... We have to play these step by step, because we cannot necessarily predict all of the legs, but when one leg happens, then we can attempt to predict the probabilities of the next leg - in either direction... and at the moment up seems more likely than down, but if we go down, then up becomes less and less likely... there is no exact answers, but just a bunch of probabilities that are strung upon each other.

In the event this goes 1.7k and then 1.2k, what future or top would come next vs. a breakout to 3.5k or 5k now? Would it mean an even larger top or a possible death?

Eth is at a swing low.. and it represents health in crypto it is good for entire industry for it to rise its good. 0.07 was a target that validated a big bull 0.13 is next target which means btc dominance to fall and entire industry to keep growing... if btc rises without alts its bad. Alts need to rise with btc for solid growth and a happy bull. Been waiting for this correlation to kick in for over 5 years now that its here no way I give in here im hodling

I am not sure about the odds.

Let's say that the current range is between approximately $1950 and and $2,300.

maybe to odds for breaking down are 45% and 55% for up? but then if we break down, then how far down will it go?  greater odds against it the further down that you go.

In theory, you should have already bought a decent amount of coins on these first two downward legs, so waiting for more down before you buy more is not a bad idea.  But if you have not bought, and you are waiting, you might get left behind, no? [insert running after the train.gif]

I like to speculate who speculates.

Perhaps not only disconnected but negatively correlated. ETH (and XRP) falling means BTC dominance in percent going up, and some investors think along the lines of "if Btc ever loses its top position then all trust in crypto is lost". A price correction of some over-inflated altcoins makes the market look more sane and less bubbly.

That would be a third leg of a downward correction, which certainly is not out of the question- it is just a matter of how likely it would be.  It would be rather bullish if we do not get a third leg - especially after so much upwards movement from about $890 to $2760, which is really a 3x...

So even though a third downward correction leg remains a possibility, it surely is not inevitable...

We also have a lot of volume, so there still could be some question whether bears are running out of coins.. sure they could buy at a loss, merely to dump them on exchanges to attempt to achieve a third leg.. lot's of fiat out there, yet it remains a question about how it is used.. is it used to dump on bitcoin and to buy alts or is it used to actually pump bitcoin? time will tell  - and probably not a lot of time, we will see movement..   It appears that the current price is not comfortable, yet..