Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Last of the V8s (1)
The lastest from Masterluc:
Quote
Have thrown the schedule. I completely agree. Moreover, I have been talking about this since the fall: 20,000-consolidation-100,000
The truth here is to use the function y = √x instead of trend lines this is certainly know-how. Thanks, masturbate. But this is very correct, because it is this function that describes the emission of bitcoin.
The truth here is to use the function y = √x instead of trend lines this is certainly know-how. Thanks, masturbate. But this is very correct, because it is this function that describes the emission of bitcoin.
What's even funner about this is it is him in agreement with "Parabolic Trav".
Russians have a great sense of irony and self relativating sarc.
What I see is a really fucking BIG ASS range between the UP possibility and the DOWN possibility, which makes almost NO short term price predicting going on in the chart because almost any short term price movement could show that the chart was right. It is the nature of relying on some of this kind of charting for short term price movements - whether on the bull side or the bear side.
Well, masterluc was never one for short term predictions! He's praising the idea of square root curves rather than straight line segments for trendlines ("you gave me a hard-on," he says), and I think he's simply reasserting his own predictions from Autumn 2017 - and earlier: he added a few words "from May, even".
I find one of his recent posts has an interesting anti-altcoin twist.
Quote from: Masterluc
I heard a ringing, but where was it from? From the 13th minute.
I will not talk about politics and I advise you not to. Just dropped the link, and then the classic of the genre is the reasoning (at first glance) of an erudite person about the hype of Bitcoin.
A little less than all the speakers from the TV and YouTube talk about this now. And speculators in general poher, they do not argue at all, they trade three letters acronyms and beautiful logo, totally mindless of what is behind it. There's a full "pump" and "dump" in their heads, let them be rewarded and sit with their naked ass.
The author is right only in the area which he really understands: Bitcoin helps to adapt from the very top. Without this help, everything would be much more complicated, but nevertheless it would be.
Bitcoin differs significantly from Vasya's, Mavrod's and Vitalik Buterin's own currencies (God forgive me). Vasya, Sergey and Vitalik do whatever crosses their minds with their currencies, while Bitcoin works according to its specification (Whitepaper), published in 2009. You can read the specification, start using Bitcoin and expect that the currency will work according to the specification and fuck all. That's why Bitcoin is respected.
Further, it is quite clear who controls bitcoin: the consensus of the miners, but in connection with the recent events (UASF), do not underestimate the full nodes. And one more thing. Bitmain has more than half network capacity. But they, while having the opportunity, do not harm the network even in favor of their shitfork. But it is written in the Whitepaper! It turns out that bitcoin controls its own specification.
And it is quite clear who issues Bitcoins. It is not clear who is issuing XRP, ETH and other kinds of shit. Absolutely not clear. Here (translator note: in Bitcoin) it is.
Bitcoin can be hacked. To do this, you need to run half the hashrate. Now, this will require the work of an entire nuclear power plant. And this is not cheap. But having such power - it will be much, much more profitable to play with it according to the rules of the specification, rather than harm. This is what Bitmain is doing right now. That's why personally I do not think it's dumb to invest money in bitcoin. I know its degree of protection and I am calm.
Maybe I'll write more.
I will not talk about politics and I advise you not to. Just dropped the link, and then the classic of the genre is the reasoning (at first glance) of an erudite person about the hype of Bitcoin.
A little less than all the speakers from the TV and YouTube talk about this now. And speculators in general poher, they do not argue at all, they trade three letters acronyms and beautiful logo, totally mindless of what is behind it. There's a full "pump" and "dump" in their heads, let them be rewarded and sit with their naked ass.
The author is right only in the area which he really understands: Bitcoin helps to adapt from the very top. Without this help, everything would be much more complicated, but nevertheless it would be.
Bitcoin differs significantly from Vasya's, Mavrod's and Vitalik Buterin's own currencies (God forgive me). Vasya, Sergey and Vitalik do whatever crosses their minds with their currencies, while Bitcoin works according to its specification (Whitepaper), published in 2009. You can read the specification, start using Bitcoin and expect that the currency will work according to the specification and fuck all. That's why Bitcoin is respected.
Further, it is quite clear who controls bitcoin: the consensus of the miners, but in connection with the recent events (UASF), do not underestimate the full nodes. And one more thing. Bitmain has more than half network capacity. But they, while having the opportunity, do not harm the network even in favor of their shitfork. But it is written in the Whitepaper! It turns out that bitcoin controls its own specification.
And it is quite clear who issues Bitcoins. It is not clear who is issuing XRP, ETH and other kinds of shit. Absolutely not clear. Here (translator note: in Bitcoin) it is.
Bitcoin can be hacked. To do this, you need to run half the hashrate. Now, this will require the work of an entire nuclear power plant. And this is not cheap. But having such power - it will be much, much more profitable to play with it according to the rules of the specification, rather than harm. This is what Bitmain is doing right now. That's why personally I do not think it's dumb to invest money in bitcoin. I know its degree of protection and I am calm.
Maybe I'll write more.