Ok, in all seriousness, everyone knows this thing is on the verge of a collapse, right? Double top. Low volume. Get out while you still can.
Thank you!! We were starting to worry, uncertain whether to hold on a little more or dump eet right now.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5680. (Read 26609024 times)
April 07, 2021, 10:56:14 AM
Thank you!! We were starting to worry, uncertain whether to hold on a little more or dump eet right now.
April 07, 2021, 10:54:48 AM
Yall selling today or hodling?
My gut is saying sell and watch for 52k.
My mind says do the opposite of what everyone else is doing and gobble some up.
They are both wrong 50% of the time.
My gut is saying sell and watch for 52k.
My mind says do the opposite of what everyone else is doing and gobble some up.
They are both wrong 50% of the time.
April 07, 2021, 10:51:56 AM
PoS ain't happening for Bitcoin. Sure, any altcoin can do it, go ahead.
I agree. Sort of. But what stops there from being a fork backed by this "initiative"?
I hope you are right... Maybe I forgot that bitcoin does not give a crap about any "Crypto somethingornother Initiative".
Nothing. Forks happen. It will be... a .. "fork", and not Bitcoin, even if they use the same name. Bitcoin Gold, Diamond, Black, Cash, SV, ... BitcoinFork... does not matter.
We will have an opportunity to split whatever fork coins they make. It's all going back to Bitcoin.
Going to continue as the devil's advocate here, trying to think adversarially.
If they do this they will have a lot of money and high level marketing behind it along with the attention of politicians. I think it could be a bumpier road than the last fork adventure.
And ... what about all the miners and all time hash rates? They're going to stick to the original. The fork can do PoS if they want.
Yes @cAPSLOCK, it's just sour coffee, likely. Real sharkwhales should know better what happens when you fork around with the badger. See that Chinese motherfucker, he also had many miners under his thumb given his control of the hardware supply chain. How much good did it do to bcash lol? Let them make BTC-PoS, or any other aptly named POS coin (notice the acronym already includes the proper prefix for this kind of coins).
A. I'm sure all the invested miners will turn themselves belly up for the final death strike. Heavyweights will sell all their bags, Elon, Michael and all the others. As we will. Everyone will accept it as hard payment. It will go to the moon and beyond. The new shitcoin will rule the world.
B. If anything like that happens, we'll need to time our shitbag dumping to maximize the bonus fork prize. Smart forecasters needed!
A little game: which of the two is my real position?
April 07, 2021, 10:38:49 AM
Buying the top and hodling hard beyond a new ATH is part of the transformation to a Bitcoiner, isn't it?
If it doesn't kill you, it makes you poorer.
Now that's the birth of a new proverb
Quote
What doesn't kill you makes you poorer
+1 WOsMerit
Covered a "boring" one for you
April 07, 2021, 10:32:43 AM
PoS ain't happening for Bitcoin. Sure, any altcoin can do it, go ahead.
I agree. Sort of. But what stops there from being a fork backed by this "initiative"?
I hope you are right... Maybe I forgot that bitcoin does not give a crap about any "Crypto somethingornother Initiative".
Nothing. Forks happen. It will be... a .. "fork", and not Bitcoin, even if they use the same name. Bitcoin Gold, Diamond, Black, Cash, SV, ... BitcoinFork... does not matter.
We will have an opportunity to split whatever fork coins they make. It's all going back to Bitcoin.
Going to continue as the devil's advocate here, trying to think adversarially.
If they do this they will have a lot of money and high level marketing behind it along with the attention of politicians. I think it could be a bumpier road than the last fork adventure.
And ... what about all the miners and all time hash rates? They're going to stick to the original. The fork can do PoS if they want.
April 07, 2021, 10:19:31 AM
PoS ain't happening for Bitcoin. Sure, any altcoin can do it, go ahead.
I agree. Sort of. But what stops there from being a fork backed by this "initiative"?
I hope you are right... Maybe I forgot that bitcoin does not give a crap about any "Crypto somethingornother Initiative".
Nothing. Forks happen. It will be... a .. "fork", and not Bitcoin, even if they use the same name. Bitcoin Gold, Diamond, Black, Cash, SV, ... BitcoinFork... does not matter.
We will have an opportunity to split whatever fork coins they make. It's all going back to Bitcoin.
Going to continue as the devil's advocate here, trying to think adversarially.
If they do this they will have a lot of money and high level marketing behind it along with the attention of politicians. I think it could be a bumpier road than the last fork adventure.
April 07, 2021, 10:18:31 AM
Ok, in all seriousness, everyone knows this thing is on the verge of a collapse, right? Double top. Low volume. Get out while you still can.
I am sure you are right. You always are, somehow.
But where is the double top you are talking about???
It's basically a triple top really. Plain as day and math.
April 07, 2021, 10:10:49 AM
I hate that my analysis is different than Proudhon's I am worried something might be wrong with my science or sources... not sure.
But I am seeing a fairly clear pennant pattern with descending volume. The interwebs teach me these usually break in the UP direction.
This must be an reverse bearish indicator of some sort?
But I am seeing a fairly clear pennant pattern with descending volume. The interwebs teach me these usually break in the UP direction.
This must be an reverse bearish indicator of some sort?
April 07, 2021, 10:09:11 AM
PoS ain't happening for Bitcoin. Sure, any altcoin can do it, go ahead.
I agree. Sort of. But what stops there from being a fork backed by this "initiative"?
I hope you are right... Maybe I forgot that bitcoin does not give a crap about any "Crypto somethingornother Initiative".
Nothing. Forks happen. It will be... a .. "fork", and not Bitcoin, even if they use the same name. Bitcoin Gold, Diamond, Black, Cash, SV, ... BitcoinFork... does not matter.
We will have an opportunity to split whatever fork coins they make. It's all going back to Bitcoin.
April 07, 2021, 09:37:30 AM
Ok, in all seriousness, everyone knows this thing is on the verge of a collapse, right? Double top. Low volume. Get out while you still can.
Thanks for the tip, sold all my stash. Thank god I got out when still ahead.
April 07, 2021, 09:36:11 AM
“The Cryptocurrency Bitcoin Tycoons On Forbes’ 2021 Billionaires List:
Cameron Winklevoss & Tyler Winklevoss
NET WORTHS: $3 BILLION EACH
The siblings began buying bitcoin in 2012. They’ve also launched crypto exchange Gemini and purchased digital art auction platform Nifty Gateway.
Michael Saylor
NET WORTH: $2.3 BILLION
The CEO of software firm MicroStrategy made, and lost, a fortune during the first dot-com bust. Saylor is now worth $2.3 billion after snapping up Bitcoin ahead of the boom—for both himself and his company, pushing its stock up.”
Yes CZ is also in the list with NET WORTH: $1.9 BILLION
https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/
Cameron Winklevoss & Tyler Winklevoss
NET WORTHS: $3 BILLION EACH
The siblings began buying bitcoin in 2012. They’ve also launched crypto exchange Gemini and purchased digital art auction platform Nifty Gateway.
Michael Saylor
NET WORTH: $2.3 BILLION
The CEO of software firm MicroStrategy made, and lost, a fortune during the first dot-com bust. Saylor is now worth $2.3 billion after snapping up Bitcoin ahead of the boom—for both himself and his company, pushing its stock up.”
Yes CZ is also in the list with NET WORTH: $1.9 BILLION
https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/
April 07, 2021, 09:23:25 AM
PoS ain't happening for Bitcoin. Sure, any altcoin can do it, go ahead.
I agree. Sort of. But what stops there from being a fork backed by this "initiative"?
I hope you are right... Maybe I forgot that bitcoin does not give a crap about any "Crypto somethingornother Initiative".
April 07, 2021, 09:20:40 AM
Ok, in all seriousness, everyone knows this thing is on the verge of a collapse, right? Double top. Low volume. Get out while you still can.
I am sure you are right. You always are, somehow.
But where is the double top you are talking about???
April 07, 2021, 09:20:01 AM
There is no need to shill something that is implemented, working and fully accepted.
Yes. It was just annoying that it was being touted when it was clear it was not a solution and, indeed, has proven not to be.
The subtext, of course, is that LN also has issues (not least requiring on-chain capacity) that also make it not a solution and people need to pull their heads out of the sand about why Bitcoin is losing market share.
April 07, 2021, 09:19:54 AM
PoS ain't happening for Bitcoin. Sure, any altcoin can do it, go ahead.
April 07, 2021, 09:19:34 AM
Poor again.
Come on show us your new buy orders?
April 07, 2021, 09:13:11 AM
It's all well and good until you go to have a meeting and have to turf out Craig Wright in a sleeping bag.
April 07, 2021, 09:04:52 AM
Ok, in all seriousness, everyone knows this thing is on the verge of a collapse, right? Double top. Low volume. Get out while you still can.
April 07, 2021, 08:49:22 AM
Ugh.
I know I am constantly defending the idea of "Bitcoin Banks", and "Trusted second layers" which probably ruffles cypherpunk feathers a little... And I stand by the idea that bitcoin is big enough for "all the things".
But this?
This smells like NYA 2.0
It's the same usual suspects, all of them seem to be anti-segwit. The Square team is the only one that seem like it ever had a pro lightinig stance. I dunno.. I feel like Fidelity has been a good actor. But I do not trust that bald f^%k.The next war begins. Get ready for a push for PoS, the rejection of the Lightning network etc. I imagine this time there will be a public marketing campaign to sell the ideas... I have a feeling it is gonna get nasty as hell.
I am most worried about the seeming inevitable push for PoS. Because would a group of the biggest custodians benefit from PoS? Yes. They would.
I hope I am wrong.
Yeah PoS is downright near evil in my opinion. Talk about giving power to rich. PoW means miners have to actually work, make capital investments, develop future strategies etc. If they make shitty decisions they will get weeded out by the market. PoS means the rich, can simply sit on their riches and get new coins without doing any work at all. They will therefore always hold onto power, and with no running costs like PoW miners, their piles of riches will never decrease, only grow. Hell, PoS is even better then owning politicians or succesfully lobbying government, the protocol becomes their's without any effort.
PoS must be avoided at all costs, to fail in this mission means a certain return to lords and serfs.
The issue, as I see it, is PoS fits in with the current political narratives that @jack seems to be controlling, lol. The whole "environmental impact of bitcoin" is where the FUD narrative goes next, IMHO.
I would not doubt that block size, and the issuance cap will also be up for discussion.
Brian Armstrong has been trying to "fix" or replace bitcoin the whole damn time.
Someone please tell me there was just something sour in my coffee this morning... I do not like being this paranoid.
April 07, 2021, 08:45:53 AM
$56k and rising. <--- This is fine.
No singing llama posts. <--- Worried!
This is, unfortunately, a valid observation... No singing llama posts. <--- Worried!
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