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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33474. (Read 26496297 times)

hero member
Activity: 728
Merit: 501
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Yes what happens when Fear, Uncertainty and Doubt turns to facts?

That can always happen, but it can also become a self-fulfilling prophecy. When does being cautious turn into outright paranoia that feeds on itself and infects others? If you look for bad news you will always find it, if you look for positive news you will find plenty of that around as well. Most of us will be biased towards one or the other and try to think of things that reinforces our own position. In the end nobody has a definitive answer, but those who can think with a clear head and stay very flexible one way or the other usually have an edge. But they can be wrong as well. Smiley

There is only one bad news. => crack RIPEMD-160 => crack SHA-256 => crack ECDSA ... (I think/believe impossible) :-)  so until somebody is able to compute private key from your public bitcoin address, bitcoin will only rise.
 

The only way would be to generate billions of keys per second, and hope that one of them matches up with someone else. xD

It would still, with a billion keys per second, take a near eternity.

and what about a trillion keys per second?

10,000,000s of years.

EDIT: Looks like my estimate was too low.  Grin
legendary
Activity: 1414
Merit: 1000
Yes what happens when Fear, Uncertainty and Doubt turns to facts?

That can always happen, but it can also become a self-fulfilling prophecy. When does being cautious turn into outright paranoia that feeds on itself and infects others? If you look for bad news you will always find it, if you look for positive news you will find plenty of that around as well. Most of us will be biased towards one or the other and try to think of things that reinforces our own position. In the end nobody has a definitive answer, but those who can think with a clear head and stay very flexible one way or the other usually have an edge. But they can be wrong as well. Smiley

There is only one bad news. => crack RIPEMD-160 => crack SHA-256 => crack ECDSA ... (I think/believe impossible) :-)  so until somebody is able to compute private key from your public bitcoin address, bitcoin will only rise.
 

The only way would be to generate billions of keys per second, and hope that one of them matches up with someone else. xD

It would still, with a billion keys per second, take a near eternity.

and what about a trillion keys per second?

Trillion is only 10^12  :-) year has only 3 * 10 ^7 seconds  => 10^19 / year  ...10^(35-19) ... only 10,000,000,000,000,000 years :-)  
420
hero member
Activity: 756
Merit: 500
Yes what happens when Fear, Uncertainty and Doubt turns to facts?

That can always happen, but it can also become a self-fulfilling prophecy. When does being cautious turn into outright paranoia that feeds on itself and infects others? If you look for bad news you will always find it, if you look for positive news you will find plenty of that around as well. Most of us will be biased towards one or the other and try to think of things that reinforces our own position. In the end nobody has a definitive answer, but those who can think with a clear head and stay very flexible one way or the other usually have an edge. But they can be wrong as well. Smiley

There is only one bad news. => crack RIPEMD-160 => crack SHA-256 => crack ECDSA ... (I think/believe impossible) :-)  so until somebody is able to compute private key from your public bitcoin address, bitcoin will only rise.
 

The only way would be to generate billions of keys per second, and hope that one of them matches up with someone else. xD

It would still, with a billion keys per second, take a near eternity.

and what about a trillion keys per second?
member
Activity: 112
Merit: 10
Yes what happens when Fear, Uncertainty and Doubt turns to facts?

That can always happen, but it can also become a self-fulfilling prophecy. When does being cautious turn into outright paranoia that feeds on itself and infects others? If you look for bad news you will always find it, if you look for positive news you will find plenty of that around as well. Most of us will be biased towards one or the other and try to think of things that reinforces our own position. In the end nobody has a definitive answer, but those who can think with a clear head and stay very flexible one way or the other usually have an edge. But they can be wrong as well. Smiley

There is only one bad news. => crack RIPEMD-160 => crack SHA-256 => crack ECDSA ... (I think/believe impossible) :-)  so until somebody is able to compute private key from your public bitcoin address, bitcoin will only rise.
 

The only way would be to generate billions of keys per second, and hope that one of them matches up with someone else. xD

It would still, with a billion keys per second, take an incredibly long time. If it becomes a potential issue, we will increase the length of new addresses, or make them more difficult to compute.
legendary
Activity: 1414
Merit: 1000
Yes what happens when Fear, Uncertainty and Doubt turns to facts?

That can always happen, but it can also become a self-fulfilling prophecy. When does being cautious turn into outright paranoia that feeds on itself and infects others? If you look for bad news you will always find it, if you look for positive news you will find plenty of that around as well. Most of us will be biased towards one or the other and try to think of things that reinforces our own position. In the end nobody has a definitive answer, but those who can think with a clear head and stay very flexible one way or the other usually have an edge. But they can be wrong as well. Smiley

There is only one bad news. => crack RIPEMD-160 => crack SHA-256 => crack ECDSA ... (I think/believe impossible) :-)  so until somebody is able to compute private key from your public bitcoin address, bitcoin will only rise.
 
legendary
Activity: 1246
Merit: 1000
Yes what happens when Fear, Uncertainty and Doubt turns to facts?

That can always happen, but it can also become a self-fulfilling prophecy. When does being cautious turn into outright paranoia that feeds on itself and infects others? If you look for bad news you will always find it, if you look for positive news you will find plenty of that around as well. Most of us will be biased towards one or the other and try to think of things that reinforces our own position. In the end nobody has a definitive answer, but those who can think with a clear head and stay very flexible one way or the other usually have an edge. But they can be wrong as well. Smiley
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
what's with all this bearish sentiment.

i guess you been to busy looking at charts to see that bitcoin is on fire!

Most of it comes from the Coinlab lawsuit, the DHS dwolla account freeze and satoshi dice blocking the US.
I think that is a pretty stern combination, but what do I know.  Tongue

CoinLab lawsuit, finally someone with the balls to take over mtgox in the us

DHS dwolla account freeze , yup its official bitcoin is for real.

satoshi dice blocking the US, LOL like thats going to stop anyone


See, you are purposefully missing the point.

Hint: They don't really look like isolated incidents to me.

you're the one missing the point.

Hint: your bitcoins are safe, and when FUD turns to facts...  Grin Grin Grin

Yes what happens when Fear, Uncertainty and Doubt turns to facts?

emotions never turn into fact

I mean then the things that are causing the FUD, turns to facts


no Fear, no Uncertainty , and no Doubt that bitcoin will go up Up UP!  Cheesy
sr. member
Activity: 252
Merit: 250
These are the best charts I've seen in a long time.  Literally LOL'd.   Grin  It's awesome to see some levity. The weekend crew rocks!
legendary
Activity: 1414
Merit: 1000
what's with all this bearish sentiment.

i guess you been to busy looking at charts to see that bitcoin is on fire!

Most of it comes from the Coinlab lawsuit, the DHS dwolla account freeze and satoshi dice blocking the US.
I think that is a pretty stern combination, but what do I know.  Tongue

CoinLab lawsuit, finally someone with the balls to take over mtgox in the us

DHS dwolla account freeze , yup its official bitcoin is for real.

satoshi dice blocking the US, LOL like thats going to stop anyone


See, you are purposefully missing the point.

Hint: They don't really look like isolated incidents to me.

you're the one missing the point.

Hint: your bitcoins are safe, and when FUD turns to facts...  Grin Grin Grin

Yes what happens when Fear, Uncertainty and Doubt turns to facts?

emotions never turn into fact
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
bitcoin is still a risky investment, but not for long Wink
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
what's with all this bearish sentiment.

i guess you been to busy looking at charts to see that bitcoin is on fire!

Most of it comes from the Coinlab lawsuit, the DHS dwolla account freeze and satoshi dice blocking the US.
I think that is a pretty stern combination, but what do I know.  Tongue

CoinLab lawsuit, finally someone with the balls to take over mtgox in the us

DHS dwolla account freeze , yup its official bitcoin is for real.

satoshi dice blocking the US, LOL like thats going to stop anyone

See, you are purposefully missing the point.

Hint: They don't really look like isolated incidents to me.

you're the one missing the point.

Hint: your bitcoins are safe, and when FUD turns to facts...  Grin Grin Grin

Yes what happens when Fear, Uncertainty and Doubt turns to facts?

no Fear, no Uncertainty , and no Doubt that bitcoin will go up Up UP!  Cheesy
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
what's with all this bearish sentiment.

i guess you been to busy looking at charts to see that bitcoin is on fire!

Most of it comes from the Coinlab lawsuit, the DHS dwolla account freeze and satoshi dice blocking the US.
I think that is a pretty stern combination, but what do I know.  Tongue

CoinLab lawsuit, finally someone with the balls to take over mtgox in the us

DHS dwolla account freeze , yup its official bitcoin is for real.

satoshi dice blocking the US, LOL like thats going to stop anyone

See, you are purposefully missing the point.

Hint: They don't really look like isolated incidents to me.

you're the one missing the point.

Hint: your bitcoins are safe, and when FUD turns to facts...  Grin Grin Grin

Yes what happens when Fear, Uncertainty and Doubt turns to facts?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
what's with all this bearish sentiment.

i guess you been to busy looking at charts to see that bitcoin is on fire!

Most of it comes from the Coinlab lawsuit, the DHS dwolla account freeze and satoshi dice blocking the US.
I think that is a pretty stern combination, but what do I know.  Tongue

CoinLab lawsuit, finally someone with the balls to take over mtgox in the us

DHS dwolla account freeze , yup its official bitcoin is for real.

satoshi dice blocking the US, LOL like thats going to stop anyone

See, you are purposefully missing the point.

Hint: They don't really look like isolated incidents to me.

you're the one missing the point.

Hint: your bitcoins are safe, and when FUD turns to facts...  Grin Grin Grin
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 420
Merit: 250
Does anybody see anything other than this same flat trend, that could very well last through the weekend?  Up, down, sideways?

Unless something big comes out of the conference, sideways through the weekend. Next week? I don't mind admitting that I have no idea. Smiley

Lots of good news lately, but lingering uncertainty around the Gox situation has me cautious. If I have to pick, I'm guessing that next week we go up.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
what's with all this bearish sentiment.

i guess you been to busy looking at charts to see that bitcoin is on fire!

Most of it comes from the Coinlab lawsuit, the DHS dwolla account freeze and satoshi dice blocking the US.
I think that is a pretty stern combination, but what do I know.  Tongue

CoinLab lawsuit, finally someone with the balls to take over mtgox in the us

DHS dwolla account freeze , yup its official bitcoin is for real.

satoshi dice blocking the US, LOL like thats going to stop anyone

See, you are purposefully missing the point.

Hint: They don't really look like isolated incidents to me.
sr. member
Activity: 322
Merit: 250
sr. member
Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
Is that a wavelet transform?

Very close. It's Fourier transform.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
what's with all this bearish sentiment.

i guess you been to busy looking at charts to see that bitcoin is on fire!

Most of it comes from the Coinlab lawsuit, the DHS dwolla account freeze and satoshi dice blocking the US.
I think that is a pretty stern combination, but what do I know.  Tongue

CoinLab lawsuit, finally someone with the balls to take over mtgox in the us

DHS dwolla account freeze , yup its official bitcoin is for real.

satoshi dice blocking the US, LOL like thats going to stop anyone
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
what's with all this bearish sentiment.

i guess you been to busy looking at charts to see that bitcoin is on fire!

Most of it comes from the Coinlab lawsuit, the DHS dwolla account freeze and satoshi dice blocking the US.
I think that is a pretty stern combination, but what do I know.  Tongue
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