Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17880. (Read 26610970 times)

Stop pretending you know what you're talking about. There are hundreds of independent developers busy writing and testing code and weighing and discussing all the possible options. Out of that complicated process it was determined that Segwit is our best option right now and that large blocks (>4MB) are too risky for the stability and decentralized nature of the network at this point. After Segwit is deployed it will also be safer to increase the blocksize as Segwit also solves the quadratic scaling of hashed data. Hard forking now to larger blocks without first activating Segwit and solving quadratic hash scaling is just stupid and you'll also never get consensus for that. So why don't you stop complaining about Core and actually look and try to understand what it is they're doing? The divide in the community is purely based on ignorance and conspiracy thinking.

Bitcoin's gone up to $1080 in India. That might account for the little rise beyond $800 elsewhere.

https://cointelegraph.com/news/while-misleading-information-on-china-stalls-price-bitcoin-hits-1080-in-india

what the world wants the world gets. only question is who will provide.

Aw c'mon mastertzup - you were willing to throw out $660 when we were at $1100 and many called you crazy!

I'd love to know whether the past few days market activity has shifted your number up, down, or unchanged.

Oh no we are crashing upwards again..
900? ATH? new ATH ?

Bitcoin's gone up to $1080 in India. That might account for the little rise beyond $800 elsewhere.

https://cointelegraph.com/news/while-misleading-information-on-china-stalls-price-bitcoin-hits-1080-in-india

  Is that the latest keyword for BU? Or would you be happy with 2MB block+segwit?

+1!

LN is inevitable and desirable ( very desirable )
and same goes for bigger blocks...
the solution is so obviously "both" its not even funny.
segwit softfork is a magic trick, if you dont know how its done you're amazed, if you do you're unimpressed.
we need simple incress and simple segwit.
we need these things hardforked in, and we need to utilize synthetic forks to do that gracefully.
we need a to foster an dev environment which enables free choice, not free to use core0.12.1 or core0.13.1
the devs are here to service the network, not the other way around.

what the world wants the world gets. only question is who will provide.

Stop pretending that the present technology couldn't handle large blocks.

Perhaps the solution is to do both (blocksize increase and off-chain LN type deal)

But you can't just do one, or the other. Core has refused to compromise over and over, they refuse to raise the blocksize to even 2mb which pretty much everyone agrees could be very EASILY handled.

Core has shown they have no leadership skills, no vision and are motivated primarily to their own self-serving egos. They do not serve the greater whole. Furthermore, they engage in a deceptive campaign of censorship and other shady tactics to force their own side to "win", this has needlessly damaged the Bitcoin community itself by refusing to even allow certain discussions. The community has been effectively divided in this way. Can you even quantify the damage that has been done to all of us as a result of this?

You can ignore it all if you want, but it will hurt you in the end.

Hey, I've just noticed a pattern that this crash fits into, but it's only visible at very long range. (You need a big screen preferably to see this - pull the browser page out wide if you can to grow the image to full size. Sorry I couldn't get the pattern very visible at small scale).

This correction may not be as bearish as we think and seems to fall into a "family" of profit taking moves associated with the rise that started back around July 2015.

It appears that every 7-8 months (every 4-5 months earlier in the rise) there's a big profit take like this which always happens at the top of a spike when the market gets ahead of itself. (I call them "propellor corrections" because they look like an aircraft propellor from side on since the price corrects to about the same distance below the trend line as the 'overheat' got above it). All the same there's a longer, underlying trend where the upwards revaluation grows steadily steeper, even despite these crashes along the way.

When the pressure-relief gasket blows on these bubbles it always corrects to just below the top of the previous propellor pattern. Same every time but increasing in size. Then there's a period of consolidation, followed by a slow rise, then steep rise and another gasket-blow.

Each time the correction gets bigger, but it still seems to stick to the rule of dropping to just below the last spike so that the growth trend isn't broken. I now think I'm not the only one to have noticed this and that big players are actively trading this pattern, watching for the overheat-spike and knowing exactly when to profit take, driving that bubble into full temporary reverse with shorts for maximum profit. But they also must know how far to take it because the last spike gives the reference level.

This one was perfectly timed - 7 months exactly.

Judging by its size and perfectly placed timing, we could be in for a very big rise over the next 8 months if the long term trend continues because the vertical distance between each "overheat" phase increases each time by about 60% to 70%.

Just sayin. Context is everything

Aw c'mon mastertzup - you were willing to throw out $660 when we were at $1100 and many called you crazy!

I'd love to know whether the past few days market activity has shifted your number up, down, or unchanged.

...

It's hilarious to see Huobi trading at $25 less than the western exchanges. Let's see how long that lasts.

Stop pretending that the present technology couldn't handle large blocks.

If this was an ABC, then it's probably completed the C, and now it's building a triangle. Support could be tested over the next days, so a bit cheaper than right now is possible.

Many thanks for the cheap coins.

Tzupy, where is the final leg of the sell off? I hoped to get some even cheaper.

Some solid TA for once. Didn't catch that wedge myself

Stop pretending that the present technology couldn't handle large blocks.

Perhaps the solution is to do both (blocksize increase and off-chain LN type deal)

But you can't just do one, or the other. Core has refused to compromise over and over, they refuse to raise the blocksize to even 2mb which pretty much everyone agrees could be very EASILY handled.

Core has shown they have no leadership skills, no vision and are motivated primarily to their own self-serving egos. They do not serve the greater whole. Furthermore, they engage in a deceptive campaign of censorship and other shady tactics to force their own side to "win", this has needlessly damaged the Bitcoin community itself by refusing to even allow certain discussions. The community has been effectively divided in this way. Can you even quantify the damage that has been done to all of us as a result of this?

You can ignore it all if you want, but it will hurt you in the end.