Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18400. (Read 26710999 times)

https://www.cryptocoinsnews.com/researchers-bitcoin-blockchain-secured-inspite-of-51-attack/


LOL!

so, is it 2 or is it 3??

i mean it cant be THAT hard to determine...

I do not understand how anyone can see this as an argument against HF's. ETH's value didnt crash,( my short is underwater ~ -4%) nothing bad happened. if anything this proves that HFs, even ones that result in a split, isn't going to cause much problems at all, the weaker fork simply gets viewed as an altcoin and the majority just sorta ignore it.

thats the thing, 1MB cannot stand, a HF to bump up block limit is REQUIRED. there is no way around it, so why would we not bump it NOW, LN will require this later, and we could make use of >1MB block now, so wtf is the hold up for?

they will now need to back track on all there silly arguments later when LN requires bigger blocks.

I'm glad that they don't rush out some quick supposed solution without considering the various ramifications - and in December, we would be looking like Ethereum. 

The testing and the vetting and the getting input and insight are all important in the grown up world when dealing with actual value and looking towards the longer term (rather than pump and dump).

Thank you. Now I'm a little more excited.





This seems like a big deal but I haven't heard about this before. I thought LN was something like pipe-dream that isn't possible yet, at least from what I heard. This thunder network is basically a working prototype showing it's possible.





It's unfortunate that there's a divide happening in this community between "small blockers" and the other folks. But I don't understand why, didn't Core agree to a segwit softfork + the 2Mb hardfork for a total of 4Mb increase in their roadmap? Is that not happening or are you saying it's taking too long?


https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.i1yfnaja4


I'm not sure if I'm a "small blocker" if I'm okay with this roadmap... but to me it seems like the scaling issue is going to be temporary. Once block size is increased, SegWit + LN is out and then the ETF gets approved then what, moon? At least these are the rumors, once they're news it'll be too late

I got my bitcoinz ready.... sick and tired of being in the upper-middle class

I think core is attempting to, and successfully, using the resultant recent smart contract coin change and split, to argue that there should never be any bitcoin forks because, 'see what happens'. I think they are succeeding in this argument. And sorry, I'm being facetious with regards to 1mb4eva since even Nullc conceded that LN needs bigger blocks (4mb). However, all of this will be done under the benevolent leadership of our overlords. Hail hydra.. err core. I think this proposal allows them to continue to consolidate power. I think you are right that we need to show that hard forks are pretty easy. And the most recent hard fork was pretty easy, then polo started screwing everyone and made a bundle of money and stabbed the ecosystem in the back. I have hope for a miner revolt but this just means it needs to happen sooner or the opportunity will be lost forever.

i think the goal is and always will be to get bitcoin to be able to process all of the worlds TX.
right now poeple have gotten use to the idea that bitcoin will never be able to do that.
when LN comes and changes the game, we will be able to say that "yes bitcoin CAN potentially take over the world."

i agree only LN can achieve this, but i disagree that blocksize can stay at 1MB or that 2MB would have any meaningful centralizing effect. it should have been bumped up already and its sad you small blockers cant see that.

For the love of bitcoin, and all it stands for, we MUST ALL AGREE the fallowing statement is completely INSANE

 " Hard forks are evil, and only core dev knows what best for bitcoin. "

I heard there is some sort of a secret meeting concerning mining. I don't think anything has been decided yet. I think whatever news we get will be used to push price down until it slingshots up.

https://www.cryptocoinsnews.com/researchers-bitcoin-blockchain-secured-inspite-of-51-attack/


All hail our new overlords. 1mb4life :/

i dont mind waiting, the damage is done, it hard to say if it was minimal or not, but at this point full blocks and fees have become acceptable  and poeple have learnt to deal with it.

i wish it could have been prevented. but meh.

now i just hope i dont have to wait TOO much longer for effective block size incress.

Is one of those mind bending reality gifs? ... If I concentrate I can see it going both sides.. backwards and forward as well... WTF is this sorcery??  

Btw... Silver wants to make a move up, and also the Dow Jones Industrial... bla bla... wants to go down!


Also my astral projections are looking to be off the charts... My investments will yield great value this autumn!

Bitcoin volatility index: 2.5%

Good at spreading FUD ... ha?


*Edit: You should buy.. go 100% in bitcoin! 

Small uptick, low volume zzzzzz

... the true artists that have their heart in it leave stubs behind for side shoots that can be finished when Moore's law takes care of some problem or another so that when they come back from cryo-preservation they can finish the job off

yeah ... you might have to wait a while for your precious little fucking hard fork chaps ...

I still think that on an ongoing basis you kind of read into my position and practice kind of what you want to read into it.


I will admit that I have been a very prolific writer in these forums, and I have done a lot of prognosticating about prices, and even made a lot of disclosures about my own bitcoin buying practices - but even with a lot of my disclosures, I probably have held back enough that no one really knows my exact quantities of buys etc.

I have been holding back information mostly for the purpose of maintaining some personal privacy (just in case I meet people in the real world who have seen my forum posts), and I am not trying to really withhold material aspects of my strategy.

I think that I have been consistent throughout to buy on the way down and to sell on the way up.... the only problem between about late 2013 until mid 2015, there really was not much of any up.. so we only had down down down.. .. so in that regard, I never really had any meaningful opportunities to sell on the way up.

O.k... maybe there is a bit of a contradiction in my statement because we did experience some small uptrends in between late 2013 and mid 2015 - however, I really considered that I had not accumulated enough BTC, and I really had not established any kind of selling strategies during that period of time because I considered that I was still accumulating BTC.

I only accumulated BTC with my spare funds, I did not leverage and I did not invest any money that I needed for living expenses or anything like that. 

So I believe that I never did over invest.

Anyhow, my beginning to put my selling into practice, starting in late 2015, was not really to rebalance in any kinds of global ways, but only to help to offset some of the downside volatility risk of BTC... so currently, I am about 95% bitcoin and about 5 % cash, and the most that I have gotten down to in my selling is about 92% bitcoin and 8% cash... I do not consider these to be major rebalancing or selling off, but only selling off very small parts of my portfolio and then buying back on dips.

There is another way of thinking about rebalancing, and that is if I were to rebalance my total quasi-liquid investments.  My initial goals around late 2013 was to work towards investing about 10% of my quasi liquid assets into bitcoin, and probably to stop around that 10% level... I had largely achieved those 10% overall investment into asset allocation in late 2014, so when prices began to rise, my allocation rose to nearly 30%, and I have not diversified out of bitcoin in terms of completely cashing out (not yet), and since my BTC holdings became a higher percentage of my assets based on price appreciation rather than my personal investment, I feel that I can let it ride to higher levels before I rebalance the total of my holdings.. I may even allow it to go into the 60% to 80% territory before I begin to feel too lopsided in terms of bitcoin holdings.





I think that you are reading too much into my supposedly having had overbought and my supposedly feeling any kind of need to rebalance the totality of my finances based on having had overbought.  I personally am not in that kind of a situation.  I have no urgency in needing any funds that I have invested into bitcoin, yet I have invested enough that I will profit considerably from some kind of exponential growth period, if one comes.



There could be some truth to what you are saying, but i think that you are attempting to simplify too much.  I think that there is a lot of variation in what kinds of holdings people have and whether they believe that they are investing for the long term and whether they feel some kind of urgency to cash out some of their stash.  Of course, there are going to be all kinds of folks in each category.. people who began investing in 2010 or 2011 but have not built up a stash and people who have and all levels between.. and then the same is true for folks who may have begun investing 2012 2013 or 2014, there are going to be lots of categories of folks.

You recognize that there have been a lot of good developments in bitcoin, and you should also know that since 2013, there have been a lot more big players coming into bitcoin plus tools to short bitcoin, which are all probably much better explanations of various bitcoin price actions rather than trying to describe various investors like me as causing the price to stay down because that is nearly pure nonsense.






More tools for shorting have caused additional price dynamics besides merely looking at mass adoption abilities to speculate only upwards.  For both bubbles in 2013, it was much more difficult to short bitcoin, and those tools are now available along with some bigger players manipulating BTC prices (or at least attempting such - and that is not me or the likes of me).



That part is fair enough, but I still think that you are giving too much weight to some of these small potatoes, such as me, and even suggesting that there are a lot of folks out there that are like me... just seems too simple to me. 

Your explanation about "overbought" positions might be true: I was thinking of something similar lately even though not in these terms.
I will keep a closer eye on the market to check on your thoughts.

I'd add one thing: this particular season (summer) is well known to slow down everything.

Let us see

so your not positioning yourself in a more comfortable % in, and you will Hodl like us 'experts' well, i'm glad to hear that, would've thought you'd be bit of a seller right now.

I figured you kinda overbought when bitcoin was going lower and lower down the rabbit hole and you were now "rebalancing", i still think thats what your doing, but you're just extremely careful/slow about it. I suspect most "Jr" bitcoiners are in the process of slowly rebalancing their overbought positions, and thats whats keeping price from moving up. Its not so much the idea that Jr. are adding to much selling pressure, more like other are patiently acquiring the "Jr" sells and will milk that tills its completely done (which i imagine is soon...) before moving higher. why buy at 800 when there are still people selling in the 600's. this is after all a high price looking at YTD.

ya i dont mean to say you have more or less knowledge about bitcoin when i say "jr" i mean you're relatively new in terms of having acquired a comfortable long term position in the market.

Maybe I can feel a little bit honored that you are continuing to troll me even though you frequently seem to intentionally mischaracterize my bitcoin trading activities and my trading positions?  then after I seem to have clarified various matters then at issue, you do it again... 

Just to restate, I buy on the way down and sell on the way up but there is a lot of stagnation in recent weeks, so I am not doing too much - yet the amount of my BTC holdings is less than 1% from it's all time high level.... so yeah, I am selling small amounts as the price goes up, an buying as it goes down.. but I would not call us exactly in an up trend, except maybe a baby uptrend, even though we moved down from $684, but then up from mid $640s.. hard to do a lot with small movements (so kind of stagnant in these times and HODLing, no?)







If you are kind of trying to be patronizing because you have been in bitcoin a bit longer, you are being a bit goofy about it. People have all kinds of experiences that they can bring to the table besides how much they have studied bitcoin and whether or not their portfolio is "in profits." 

You are coming off as a bit butt hurt in terms of hearing the perspectives of others, and I preached a lot of the same thing when my portfolio was in the negative as compared with now when it is in the positive.  I did gain some additional experience after I began to trade, and I am still attempting to hone those skills, share some ideas, maybe brainstorm a bit with folks on this forum, and likely I still have quite a bit to learn about these matters, even though I feel that I have very decent techniques in place and also a few different experiments, too.







I've been balancing for a long time, and I came into bitcoin with over 30 years of personal investing experience - at least dollar cost averaging with various index funds and a few other experimental investments that seem quite different than bitcoin, because I think that I was not really able to personally interact and move funds with the same level of activity as what seems available in bitcoin... and the 24/7 nature of bitcoin, also seems to bring an additional dynamic to the whole incorporation of such bitcoin experiences.




I have already explained this before, I am not really planning on getting out of bitcoin. I have no idea how bitcoin prices are going to play out, and maybe even if i change some of my approaches to my plans to buy or sell.  So for example, if bitcoin were to shoot up to $5k in a matter of 2 or 3 months, I may well choose to sell only 60% of my holdings, even though others may sell a higher percentage than me.  I have tentative plans, but really those plans can also be tweaked if prices shoot in one direction or another in a much faster or slower pace than previously anticipated.

NO....


Soon is going to be soon. ^TM

Don't you know that is the standard answer, and it should be accepted?   NO more questions regarding when we are gonna get there, please.   

Yeah, I noticed that you probably have been reading R/btc too much... with such ongoing nonsense implications as if there were actually some kind of thing wrong with bitcoin beyond the fantastical and idiotic musings of bigblockers, such as yourself.