Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20692. (Read 26623480 times)

donator
Activity: 980
Merit: 1000
Well, since I'm mostly on the sideline of the XT issue (because I don't consider max block a significant enough economic factor), I'll add that the protocol literalists have spun a respectable number of fabricated crisis narratives themselves (uncontrollable spam, lack of LT mining reward, etc.). IMO, it replaces one potential pitfall (mostly technical) with another one (mostly psychological): turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

For the spam justification of the limit you have to ask Satoshi.

Spam attacks have also been proven a very real threat.

Okrent's law: "The pursuit of balance can create imbalance because sometimes something is true"

https://en.wikipedia.org/wiki/Argument_to_moderation
legendary
Activity: 1470
Merit: 1007
Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

Agreed, and bit of a miscommunication I suppose: "big deal?" as in "what's the panic about?"

The XT narrative is that we are about to collapse because of capacity problems. This undermines that fabricated crisis narrative. This is why you'll see an incredibly negative reception of this development in the XT sub and by the XT brigade.

Well, since I'm mostly on the sideline of the XT issue (because I don't consider max block a significant enough economic factor), I'll add that the protocol literalists have spun a respectable number of fabricated crisis narratives themselves (uncontrollable spam, lack of LT mining reward, etc.). IMO, it replaces one potential pitfall (mostly technical) with another one (mostly psychological): turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.
legendary
Activity: 3934
Merit: 11405
Self-Custody is a right. Say no to"Non-custodial"

my numbers are mainly based on ta. I believe that the scaleability problem can be solved and that the final auction won't effect the price much because it's the final one, ...no more easy bulk deals after it.

these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support

https://www.tradingview.com/x/DtIPkXLg/[/img]



Referring to the part of your statement that I have bolded above.  Even though this is the final auction of this particular series of ceased coins, I would NOT put it past the Feds and/or other Governments from time to time come across BTC and/or other crypto assets in large quantities and to have similar future auctions.
newbie
Activity: 56
Merit: 0
Can we stop it with the bickering and try to keep the price above 250?
Stay focused, everyone, the price ain't gonna sustain itself.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
donator
Activity: 980
Merit: 1000
Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

Agreed, and bit of a miscommunication I suppose: "big deal?" as in "what's the panic about?"

The XT narrative is that we are about to collapse because of capacity problems. This undermines that fabricated crisis narrative. This is why you'll see an incredibly negative reception of this development in the XT sub and by the XT brigade.
legendary
Activity: 1470
Merit: 1007
Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

Agreed, and bit of a miscommunication I suppose: "big deal?" as in "what's the panic about?"
hero member
Activity: 681
Merit: 507
250 was very obvious, i get excited when we are above 260 and above 340  Smiley

Surely in the past 10 months, we have spent more time below $250 as compared to above $250, but also in the past 10 months we have experienced two significant and price surges into the upper $200s... therefore, probably there will be NO real objective rationale to get excited, until prices go into the $300s and mostly stay above $300. 

I am in agreement, more or less that experiencing prices above $340 would probably cause considerable excitement, and may even cause a lot of us to conclude that we have left the $200s forever... if such a thing is even possible anymore...

 Wink Wink Shocked



YES>>>>> we are likely going to leave this $200 price territory, it is just a matter of when.... within the next two weeks does NOT seem very likely, but maybe after the fed auction... and maybe after the December scaleability meeting, there may be more developments that allow BTC to leave te $200s for good?

If we get into the mid-$300s and even into the $400s, then likely even some of the bears will be converting into BTC bulls.

my numbers are mainly based on ta. I believe that the scaleability problem can be solved and that the final auction won't effect the price much because it's the final one, ...no more easy bulk deals after it.

these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support


legendary
Activity: 1260
Merit: 1002
(^
...
^)

Twisting aside -- that some share of the crypto cake capitalization will go to chains with varying degrees of trust reliance is unavoidable, imo. Said as much before and still think it'll be the case, long term. Only, that doesn't change the simple economic insight that, once you're planning to clear / register / etc. among a broader group where your lack of trust in them times the capital on the line is greater than the cost of complying with creaky old BTC (fees and delays, warts and all), you have no good localized economic reason not to use the latter... So what's the big deal, exactly?*


* And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.


also, SCs are more transparent, if not resilient (adding a certain degree of decentralization amongst exchanges, multisig wallets etc), than offchain solutions, which most exchanges currently uses.

as for the xters centralization scarecrow (lol they care about it nao?) over them exchanges point of sales, they already mostly comply with a lot of the tptb inept KYC/AML/bitlaw ting anyway.

so yes, finally, glad there is innovation.

pushing the scaling debate further down the line is the cherry on the cake.

the xtards tears are being delightful tho.
legendary
Activity: 3934
Merit: 11405
Self-Custody is a right. Say no to"Non-custodial"
Anyone open an Open ledger account for the purpose of trading? 

It appears that that the fees are going to be pretty low, no?

And, seems to be fairly secure, like NO ONE is going to run off with your coins, no?
donator
Activity: 980
Merit: 1000
What twisting? that's literally a screenshot.

Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263

He is clearly not displaying panic.

That's why I provided the context, so you can make your own mind on the subject. For me, that is panic together with this:



(^
...
^)

Twisting aside -- that some share of the crypto cake capitalization will go to chains with varying degrees of trust reliance is unavoidable, imo. Said as much before and still think it'll be the case, long term. Only, that doesn't change the simple economic insight that, once you're planning to clear / register / etc. among a broader group where your lack of trust in them times the capital on the line is greater than the cost of complying with creaky old BTC (fees and delays, warts and all), you have no good localized economic reason not to use the latter... So what's the big deal, exactly?*


* And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.
legendary
Activity: 1470
Merit: 1007
(^
...
^)

Twisting aside -- that some share of the crypto cake capitalization will go to chains with varying degrees of trust reliance is unavoidable, imo. Said as much before and still think it'll be the case, long term. Only, that doesn't change the simple economic insight that, once you're planning to clear / register / etc. among a broader group where your lack of trust in them times the capital on the line is greater than the cost of complying with creaky old BTC (fees and delays, warts and all), you have no good localized economic reason not to use the latter... So what's the big deal, exactly?*


* And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
legendary
Activity: 1260
Merit: 1002



Dude has completely it  Cheesy Does he even realize what he is saying  Huh

As if that's not what they were doing all along  Cheesy

The panic is real.

And oh, I like twisting words as much as the next guy, but you cannot assume that the person whose words you are twisting will twist his emotional state in the same direction.

What twisting? that's literally a screenshot.

Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263

dont mind, he is well aware of what is cracking up in the bitco.in tard hole..

you are twisting words screenshots the same way big blocks would make mass adoption happen somehow - or at least in them simple minds.
legendary
Activity: 1890
Merit: 1037
i am pretty sure that it will bounce to 1650 yuans, in few hours.
donator
Activity: 980
Merit: 1000



Dude has completely it  Cheesy Does he even realize what he is saying  Huh

As if that's not what they were doing all along  Cheesy

The panic is real.

And oh, I like twisting words as much as the next guy, but you cannot assume that the person whose words you are twisting will twist his emotional state in the same direction.

What twisting? that's literally a screenshot.

Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Looks more like core supporters are having a facepalm moment because BS (admittedly, fully living up to its abbreviation) basically relaunched Ripple.

 Grin right, sidechains with actual locked Bitcoins as backing are Ripple


Send them an e-mail. They'll do it for you in no time at all.

Edit:




Dude has completely it  Cheesy Does he even realize what he is saying  Huh

As if that's not what they were doing all along  Cheesy

The panic is real.

And oh, I like twisting words as much as the next guy, but you cannot assume that the person whose words you are twisting will twist his emotional state in the same direction.
donator
Activity: 980
Merit: 1000
Looks more like core supporters are having a facepalm moment because BS (admittedly, fully living up to its abbreviation) basically relaunched Ripple.

 Grin right, sidechains with actual locked Bitcoins as backing are Ripple



Dude has completely it  Cheesy Does he even realize what he is saying  Huh

As if that's not what they were doing all along  Cheesy

The panic is real.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Have a look at the subreddit if you want to see the XT crew literally hurting and panicking that other scalability solutions are progressing, undermining their efforts to enforce 8GigaByte blocks and node de-anonymising code.

It's kind of fun to see.

Which subreddit? I don't check in on /r/bitcoinxt that often but a quick look and things seem fairly innocuous. The sidechain thread has 6 comments.

Actual Bitcoin, not XT.

Have a look at the subreddit if you want to see the XT crew literally hurting and panicking that other scalability solutions are progressing, undermining their efforts to enforce 8GigaByte blocks and node de-anonymising code.

It's kind of fun to see.

Any links? All I see is people having a facepalm-moment.

https://www.reddit.com/r/Bitcoin/comments/3ok69l/blockstream_to_launch_first_sidechain_for_bitcoin/

Looks more like core supporters are having a facepalm moment because BS (admittedly, fully living up to its abbreviation) basically relaunched Ripple.
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