Watch out for some serious turbulence and cross-currents with the segwit mining signaling phase if the chinese miners are going to try and over-play their hand, as it appears to be shaping up at this stage.
It could be a prime opportunity for a re-decentralisation of mining away from the big 2-3 chinese mining 'pools'. Since the big chinese pools are centralised and their blocks are easily identified they are vulnerable to an orphaning attack as soon as segwit gets over 51% https://blockchain.info/pools ... and which smaller miner wouldn't want to grab some market share of the juicy rewards from these behemoths and take them down a peg or two? If the big 2 or 3 miners (who now have less than 51%) get orphaned off the network the new mining reward split will be much, much more decentralised (and secure) and shift away from its current a chinese-centric vulnerablity. Getting from here to there could be quite turbulent price-wise but ultimately leave behind a much safer, secure (valuable) network.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18110. (Read 26608508 times)
November 26, 2016, 09:10:24 PM
November 26, 2016, 06:05:45 PM
I set a buy order @ €602. Now we wait....
From what I can tell, that is a bit more than a 10% correction - could happen, but you may be a bit safer with some kind of incrementalism rather than expecting more than a 10% correction from our current price point.
Consider spreading the quantity of your total bet into 25%-ish increments (in 4 parts) moderately at around 3%, 6%, 9% and 12%
Will do, thx.
I'm hoping that there is a bit of a price correction - the Donald Trump thing caught me off guard and I had my bets hedged the other way so would be good to get a good position on some markets again whilst making some alt sales.
I'm in the very same situation....
November 26, 2016, 05:24:45 PM
I set a buy order @ €602. Now we wait....
From what I can tell, that is a bit more than a 10% correction - could happen, but you may be a bit safer with some kind of incrementalism rather than expecting more than a 10% correction from our current price point.
Consider spreading the quantity of your total bet into 25%-ish increments (in 4 parts) moderately at around 3%, 6%, 9% and 12%
Will do, thx.
I'm hoping that there is a bit of a price correction - the Donald Trump thing caught me off guard and I had my bets hedged the other way so would be good to get a good position on some markets again whilst making some alt sales.
November 26, 2016, 05:21:57 PM
Do you think we will break 750 in the next week?
Last chance to sell about 730$...its going down...
November 26, 2016, 05:03:44 PM
I set a buy order @ €602. Now we wait....
From what I can tell, that is a bit more than a 10% correction - could happen, but you may be a bit safer with some kind of incrementalism rather than expecting more than a 10% correction from our current price point.
Consider spreading the quantity of your total bet into 25%-ish increments (in 4 parts) moderately at around 3%, 6%, 9% and 12%
Will do, thx.
November 26, 2016, 02:53:18 PM
I set a buy order @ €602. Now we wait....
From what I can tell, that is a bit more than a 10% correction - could happen, but you may be a bit safer with some kind of incrementalism rather than expecting more than a 10% correction from our current price point.
Consider spreading the quantity of your total bet into 25%-ish increments (in 4 parts) moderately at around 3%, 6%, 9% and 12%
November 26, 2016, 02:46:27 PM
Do you think we will break 750 in the next week?
It will go 10$ per week on average from now on... If it goes 5x / 10x more than that in a short period of time... make sure to gamble! ... Correction in 1-2 week from 765$ to 745$ ...
Seriously? You sound very certain, please do tell on what basis you are so sure?
You cannot be serious to considering that Savetherainforest could actually have any meaningful clue regarding his prediction for supposedly moderate and consistent rise in BTC, incrementalism or whatever you want to call it. For about 6 months, he has been saying that we are going to the moon, all the way through the May/June correction, and then continuing to say that he is all in while the lows got lower and even during the August Bitfinex correction. I think that he moderated his prediction comments a little bit after the Bitfinex correction, so in the end, Savetherainforest is largely in a fantasy world but sure he could be correct, even from his fantasy perspective.
November 26, 2016, 01:53:11 PM
Look at the market maker BTC-e, you go girl!
November 26, 2016, 12:01:40 PM
sitting and thinking what is the point in the huobi buy and sell those 423 btc...in 1 minute there was 2 time sell that amount of btc and couple seconds later the same amount was buy(maybe for himself )....is the chinese just in my opinion- stupid simple make up the volume? or is there some other reason? Because if there we excludes those 400+ btc trades then chinese exchange is like bitfinex in volume...lol 
)....is the chinese just in my opinion- stupid simple make up the volume? or is there some other reason? Because if there we excludes those 400+ btc trades then chinese exchange is like bitfinex in volume...lol Huobi volume is fake, it has been for years.
Fractional reseve at its glorious high! According to bitcoinwisdom.com all the three major Chinese Bitcoin exchanges (Huobi, OKcoin and BTCChina) saw a volume of crazy magnitude in the last 30 days:
185 Million BTC
One can't really believe those numbers are real
November 26, 2016, 10:47:02 AM
[[...]]
I might agree with you that the answer is not exactly clear; however, you seem to be framing the issue as if the onblock and offblock solutions are equal and competing proposals, which is truly not the case.
The case with seg wit is that it has gone through the early stages of consensus, development and testing, and therefore it is a yes or no vote about whether you agree to going forward with this version. There is no other version that is competing for attention or approval.. so if you go for the other version, then that version needs to be vetted and to go through testing.. and any code that is currently out there as a supposed competing version is either sloppy, non supported or both.
I might agree with you that the answer is not exactly clear; however, you seem to be framing the issue as if the onblock and offblock solutions are equal and competing proposals, which is truly not the case.
The case with seg wit is that it has gone through the early stages of consensus, development and testing, and therefore it is a yes or no vote about whether you agree to going forward with this version. There is no other version that is competing for attention or approval.. so if you go for the other version, then that version needs to be vetted and to go through testing.. and any code that is currently out there as a supposed competing version is either sloppy, non supported or both.
or Or OR
get this,
it has been tested on a test net, its being used on the main net, and its now being used to mine with >6% of total hash rate.
and you never bothered to look?
granted these are relatively new developments...
Agreed....
But you did forget to mention that the code that's working on main net is only the 0.12 code copied from the core client. None of the new code is being exercised there.
I suspect the testing of that stuff was minimal since they knew they didn't actually need to make it work for a long time.
just because YOU think BU is a hack job of 0.12.0 core code, doesn't make it true.
BU isn't some fly by night let's try to incress the block size group of lazy hackers...
Core isn't the only show in town, get use to it.
I'll ignore the adrenalin and strawmen...
I believe this is the currently active BU branch on github: https://github.com/BitcoinUnlimited/BitcoinUnlimited/tree/0.12.1bu
You can see the new commits (mostly BU-only block size and relay stuff) and the commits behind bitcoin master (mostly segwit commits not added, but also many others related to 0.13.0 and 0.13.1).
You can see it's forked from bitcoin (if you were in doubt!) and labelled as branch 0.12.1bu.
November 26, 2016, 10:07:35 AM
I set a buy order @ €602. Now we wait....
November 26, 2016, 10:03:03 AM
Have a look on this log log plot and channel.
The price is log as you normally compare gains in percentage.
The time, from about Aug 2010 to now, is in log scale as well i.o. to account for the exponential growth.
Data are from blockchain.info
In the lower right corner you see same log log for gold. from 1969 to about 1990 you might just compare the price incease, which was mostly same shape as for bitcoin but way lower exponent.
The price is log as you normally compare gains in percentage.
The time, from about Aug 2010 to now, is in log scale as well i.o. to account for the exponential growth.
Data are from blockchain.info
In the lower right corner you see same log log for gold. from 1969 to about 1990 you might just compare the price incease, which was mostly same shape as for bitcoin but way lower exponent.
I believe in that chart, and here comes some questions and a small favor
1. The favor : Could you please edit the chart with time scale to see when we can hit $10K and $1MM ?
2. I believe in "History Does Not Repeat Itself, But It Rhymes", what makes you sure that we will hit $10K and $1MM ?
I tried to add the time scale but im not in front of a PC. My tablet is not runing proper Excel to do that.
But you can use the artificial points to orient:
80k at end 2018 ( Top green marker)
10k support lower channel end of 2022 ( Bottom red square)
1Mio at end 2024 (Top green marker)
Depending on when the next hyperbolic run will start the 10k might be seen first by end 2017 ?
November 26, 2016, 08:27:27 AM
Wonder if the price has dropped/stalled because of bitcoin Black Friday? I suppose a lot of people will be selling to pay for the festive period too.
Maybe we won't move up significantly until the New Year when all the bull celebrations & spending is over.
Maybe we won't move up significantly until the New Year when all the bull celebrations & spending is over.
November 26, 2016, 07:08:13 AM
sitting and thinking what is the point in the huobi buy and sell those 423 btc...in 1 minute there was 2 time sell that amount of btc and couple seconds later the same amount was buy(maybe for himself )....is the chinese just in my opinion- stupid simple make up the volume? or is there some other reason? Because if there we excludes those 400+ btc trades then chinese exchange is like bitfinex in volume...lol
)....is the chinese just in my opinion- stupid simple make up the volume? or is there some other reason? Because if there we excludes those 400+ btc trades then chinese exchange is like bitfinex in volume...lol Huobi volume is fake, it has been for years.
November 26, 2016, 06:11:35 AM
sitting and thinking what is the point in the huobi buy and sell those 423 btc...in 1 minute there was 2 time sell that amount of btc and couple seconds later the same amount was buy(maybe for himself )....is the chinese just in my opinion- stupid simple make up the volume? or is there some other reason? Because if there we excludes those 400+ btc trades then chinese exchange is like bitfinex in volume...lol
)....is the chinese just in my opinion- stupid simple make up the volume? or is there some other reason? Because if there we excludes those 400+ btc trades then chinese exchange is like bitfinex in volume...lol 
November 26, 2016, 05:25:03 AM
Do you think we will break 750 in the next week?
It will go 10$ per week on average from now on... If it goes 5x / 10x more than that in a short period of time... make sure to gamble! ... Correction in 1-2 week from 765$ to 745$ ...
Seriously? You sound very certain, please do tell on what basis you are so sure?
November 26, 2016, 05:20:27 AM
Do you think we will break 750 in the next week?
Last chance to sell about 730$...its going down...
November 26, 2016, 05:16:53 AM
Do you think we will break 750 in the next week?
Regarding bitcoinaverage we are hovering around that 750 level since november 17th.
We might break it, or we won't.
Some say we've created a double top and will see some correction.Others say it doesn't matter and we will continue moving up.
I myself don't really care cause I'm long and don't have any open positions at the moment.So in short term we might go down a bit, but in long term we will continue heading to the 4 figures again.
November 26, 2016, 04:40:47 AM
Do you think we will break 750 in the next week?
It will go 10$ per week on average from now on... If it goes 5x / 10x more than that in a short period of time... make sure to gamble! ... Correction in 1-2 week from 765$ to 745$ ...
November 26, 2016, 04:18:22 AM
Do you think we will break 750 in the next week?
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