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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
the ATH $99,655 (only $345 left to $100k)
Which exchange? Coinbase has ATH at $99,860 ($140 to 100k)
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
You guys realize that the main reason we are holding here is not that bitcoin is struggling to advance, but rather it has to break through a lot of human angst at an otherwise meaningless number?
It's natural.
Not mathematical.
And as important and beautiful as the former is... the latter wins... sooner rather than later.
It's natural.
Not mathematical.
And as important and beautiful as the former is... the latter wins... sooner rather than later.
It’s the same sociological reason everyone is going to celebrate when we hit 100k. Investing is more emotional then logical.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by LFC_Bitcoin (7)
OMG. 100k. It's looking like it might happen anytime now.
What are we thinking - blow right through it or bounce up and down either side for a while? Either way, congrats brethren, what a time to be alive (if you're a hodler)
What are we thinking - blow right through it or bounce up and down either side for a while? Either way, congrats brethren, what a time to be alive (if you're a hodler)
It's going to hit 100,000.01 then fall back to 99k or less. I figure it will trade in that band all Thanksgiving week. The next week I'd guess is when we can stay above 100k for any appreciable time
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Hello my veteran friends. Good to see you all again in this start of the bull.
3K more today and we will have our first 10K daily candle. We spoke about this in the last cycle but this time its more realistic.
3K more today and we will have our first 10K daily candle. We spoke about this in the last cycle but this time its more realistic.
some might think this pump is something special... but if when we go to 200k-500k by next year this kind of move is absolutely necessary... and it won't be the last as well
A few days ago I said it in another thread that most likely people will unload before $100k and if the demand holds and they get bought out, they'll go back in adding to the pump above $100k and that's where the real FOMO will start.
When I woke up today and checked the price I immediately thought to myself that these guys on WO thread must be celebrating. I bet they're buzzing like little bees in Spring.
There are always these blocks, 1k, 10k and the bull run has always sliced through those. I don't really expect anything significantly different at 100k. I mean maybe if the run continues towards 1M, I would probably expect that to be a much harder wall
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I think for bitcoin to grow and the price to grow past 20k the scalability issue need to be fixed. Fees of 700+ sat/B is unsustainable. I don't think that increasing the block size like BCH did is the solution but a hard look at scalability is needed.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Futures is restricting btc growth from now on
How so? Not that I disagree...Setting an artificial benchmark for valuation
And what does that mean?
Well if they set a price people *may* elect to follow it.
Why on earth would they do that?
As I said lets hope not. It would tie in with a rush to alts though .
I fail to see how alts ties in.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The futures are cash settled, they are just betting on bitcoin, not acyually buying any. Personally I don't think it will have any effect on bitcoin at all.
Bitcoins price is set by supply and demand, and no cash settled futures can change that.
Bitcoins price is set by supply and demand, and no cash settled futures can change that.
I agree, other then a vague idea of what people expect the growth to be I don't see how it would affect the price.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I feel like we are in a bubble that is getting ready to pop. I can't believe that 2000%+ growth is reasonable or able to be sustained. I don't believe this is exponential part of the S curve, I've heard that in 2013 and 2014. We are well before exponential growth. I think the only reason we haven't popped is the futures.
i seriously doubt if alts would be going nuts if that was the case.Id argue the opposite, if bitcoin is overvalued why would you buy btc? wouldn't you buy something not (as) overvalued?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I feel like we are in a bubble that is getting ready to pop. I can't believe that 2000%+ growth is reasonable or able to be sustained. I don't believe this is exponential part of the S curve, I've heard that in 2013 and 2014. We are well before exponential growth. I think the only reason we haven't popped is the futures.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/
Their articles are usually on point but this one seems like fear mongering.
Their articles are usually on point but this one seems like fear mongering.
Quantum will kill all hash functions. the thing is we are still > 10 years from home quantum. Currently, it only works in the lab near absolute 0
edit: I a word
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Why the hell is the price going down?
people buying to get "free" coins getting out of the market
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.
https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.
https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/
That's funny. Not funny - haha. Funny - sick.
These ethtards just can't resist destroying the fundamental 'value' of their coin, can they?
Pikers.
who plays with $180m?!?!?! that absurd.
I miss understood... WTH I don't think I want eth. anymore.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.
https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.
https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/
That's funny. Not funny - haha. Funny - sick.
These ethtards just can't resist destroying the fundamental 'value' of their coin, can they?
Pikers.
who plays with $180m?!?!?! that absurd.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.
Sorry for all the people waiting for the dip to $2k - it ain't going to happen.
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.
Sorry for all the people waiting for the dip to $2k - it ain't going to happen.
Now that it's a scenario I can see happening.
I never thought about that. I do think there will be a lot of selling before the fork, so exchanges could have coins due to that.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What is a transaction replay?
In the context of forks, transaction replay is when a transaction is valid on both sides of the fork. So a transaction can be played (i.e. broadcast) on both chains after the fork and be a valid transaction and confirm. This means that if you intend on sending coins on one fork, you could accidentally end up sending your coins on the other fork as well since someone else could take your transaction and replay it (i.e. broadcast it) on the other chain's network.
What does replay protection do?
Replay protection is something that makes it so that transactions on one chain are invalid on the other chain thus preventing transaction replay. This can be anything from having a blacklisted address or output type (e.g. if an output to address X is in the transaction, consider it invalid) to changing the signature scheme to changing the transaction format entirely. All this does it makes replaying some or all transactions impossible.
https://bitcoin.stackexchange.com/questions/61212/what-is-transaction-replay-and-replay-protection
https://bitcoinmagazine.com/articles/segwit2x-and-case-strong-replay-protection-and-why-its-controversial/
In the context of forks, transaction replay is when a transaction is valid on both sides of the fork. So a transaction can be played (i.e. broadcast) on both chains after the fork and be a valid transaction and confirm. This means that if you intend on sending coins on one fork, you could accidentally end up sending your coins on the other fork as well since someone else could take your transaction and replay it (i.e. broadcast it) on the other chain's network.
What does replay protection do?
Replay protection is something that makes it so that transactions on one chain are invalid on the other chain thus preventing transaction replay. This can be anything from having a blacklisted address or output type (e.g. if an output to address X is in the transaction, consider it invalid) to changing the signature scheme to changing the transaction format entirely. All this does it makes replaying some or all transactions impossible.
https://bitcoin.stackexchange.com/questions/61212/what-is-transaction-replay-and-replay-protection
https://bitcoinmagazine.com/articles/segwit2x-and-case-strong-replay-protection-and-why-its-controversial/
Thank you very much
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
https://www.coindesk.com/cme-groups-leo-melamed-well-tame-bitcoin/
"We will regulate, make bitcoin not wild, nor wilder. We'll tame it into a regular type instrument of trade with rules."
Disclosure: CME Group is an investor in Digital Currency Group, CoinDesk's parent company.
someone's gonna get rekt
"We will regulate, make bitcoin not wild, nor wilder. We'll tame it into a regular type instrument of trade with rules."
Disclosure: CME Group is an investor in Digital Currency Group, CoinDesk's parent company.
someone's gonna get rekt
Errr.. Speaking about rules, what about starting by implementing a good replay-protection procedure ?
I have a feeling I don't quite understand what replay protection is, could someone explain it please.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Back down the rabbit hole we go! 
$7000's again.
What a world... what a world!
$7000's again.
What a world... what a world!
I think 7k will hold but what a wild ride we're on.
its always a good time to get into crypto in the long term. A mixed portfolio is always better then one investment, it may reduce returns but it decreases risk. For BTC I would wait for the fork and watch the trend after that.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
