Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[d_eddie]

I'll try the homespun solution, install docker and all.

I'd be interested in your Internet bandwidth consumption, should you be wiling to share.

I will post some data, but don't hold your breath. I'll need some free time to install the thing - starting with Docker - and some more to figure out how to measure LN's bandwitdh tax unbundled from bitcoind's base requirements. Got any suggestions?

I dunno.... filter a wireshark dump of all port 8333 traffic? Wild speculation. I don't know how LN comms are routed within the host networking layer.

I was hoping not to have to install special instrumentation like wireshark. Well, when I get to that I'll do what I have to.
BTW, 8333 is for bitcoind. LN uses a different port (can't recall right now).

No need to install any additional package. You can utilize iptables as shown there: https://unix.stackexchange.com/a/398176

Thanks for the tip. Bookmarked for later reference.

[Deeyoh]

DOOM

It's all fun and games until someone breaks out the BFG 9000.  haha

[mymenace]

which exchange is next

coinbase, bittrex?

who are the thieves

The folks over at Coinbase can already be considered as thieves. The amount of apparently 'lost' wire transfers to coinbase that I've seen on reddit this year already and last year as well is disturbing. Some are still pending since october/november-ish and still nothing to this day. No support from coinbase whatsoever. How are these guys still in business after everything that has happened?

also under investigation for cryptsy hack and their own investigation to recent insider trading

[serveria.com]

short lived pump

Why you're being so negative Rafa? I know you suffered an injury and had to withdraw from AO earlier today but that's not a reason to be mad at BTC   

[rafanadal]

short lived pump

Why you're being so negative Rafa? I know you suffered an injury and had to withdraw from AO earlier today but that's not a reason to be mad at BTC   

Lol, yeah this has been a horrible day

[mancroofer]

which exchange is next

coinbase, bittrex?

who are the thieves

The folks over at Coinbase can already be considered as thieves. The amount of apparently 'lost' wire transfers to coinbase that I've seen on reddit this year already and last year as well is disturbing. Some are still pending since october/november-ish and still nothing to this day. No support from coinbase whatsoever. How are these guys still in business after everything that has happened?

also under investigation for cryptsy hack and their own investigation to recent insider trading

Cant afford a decent support team despite over $1b in revenue last year.

https://cointelegraph.com/news/coinbase-overshoots-2017-revenue-goal-by-66-making-1-bln-rejects-further-vc-funding

[jojo69]

[Enjel]

Did people actually get scammed in Bitconnect? I feel as if very few people actually bought any in the first place.

[gentlemand]

Did people actually get scammed in Bitconnect? I feel as if very few people actually bought any in the first place.

I doubt it's very many people on here. They spent so much on creepy Scientology style conferences that presumably it preyed primarily on the non crypto savvy.

And the volumes reported on Coinmarketcap were almost entirely within the confines of their own 'exchange'. Real world markets, all two of them, were running at a few thousand dollars per day.

[Toxic2040]

$50 in 2018's purchasing power.

Yep, but we're probably at the ATH right now-ish.

With every price rise single digits become more and more likely, I think.  I'm patient.

I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish.  Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.

If BTC reaches $10,000 at the current stage of the BTC economy, THAT would be a bubble.....

That would be the end of bitcoin.

Bitcoin probably won't hit $1000 again because of sources.

The price of bitcoin is unlikely to ever reach $1,000 again. Also, if it starts irrationally working its way up to near $1,000 there are a lot of people eager to sell and the price will catastrophically collapse again. Bitcoin is in a long term downtrend, though there will be ups and downs as people are slow to realize this confirmed fact.

I've been studying bitcoin for years now, and have fully confirmed my fear from a few years ago -- that ultimately bitcoin is doomed to failure. All the data I've seen confirms this and anyone can check it with analysis of their own by technical analysis data, as I have confirmed. Just check the Chinese and Russian sources, as have been confirmed by my TA analysis and multiple linear regression study.

The best course of action at this moment is to sell if you have bitcoin and not buy bitcoin if you don't have bitcoin. That course of action is confirmed by the available data and will prevent losses. I'm simply offering this advice to help people not lose money on a dying technology. Feel free to review the data yourself. It's very clear. These news, data, and charts should be concerning and demonstrate with confirmed facts that bitcoin is nearing the end of its life. Maybe something better will come along, I don't know. But unfortunately, bitcoin has failed and is collapsing. See below:

https://i.imgur.com/cQ8G7MN.jpg
https://i.imgur.com/ZRJofhv.png
https://i.imgur.com/NveJpUE.jpg
https://i.imgur.com/VjgnSlu.jpg
https://i.imgur.com/HsUhGNe.jpg
http://www.boc.cn/ebanking/online/201405/t20140504_3276761.html
https://www.cbr.ru/ckki/

Exactly! That is the problem. I've been around for a while so you can trust me. I remember in early April 2011, when bitcoin was trading at ~$0.80 and in a matter of a few hours hit ~$0.60! I knew that was the beginning of the end for bitcoin, and its proved correct as we've sustained a long term bubble-pop down trend (you have to ignore the recent highs which are imaginary and will regress to the downtrend mean). I'm glad you can see things clearly as I do, and hope you've managed to escape the catastrophic bitcoin downward spiral. Good luck!

Of course this is a bubble. Just look at the data. We'll likely see sub $1000 before the year is out, which will signal the final long term bear trend to near zero.

I'm being serious. This drop is different. The number of people involved is enormous (e.g. cryptomoms). Bitcoin (and ultimately all cryptos) will not recover from this one. Too many people will be burned here for the market to sustain itself. We're finally (finally!) at the beginning of the end. I've confirmed this with multiple sources.

Just reviewing my contrarian indicator...all is well.

[Last of the V8s]

https://bitcoinmagazine.com/articles/study-suggests-25-percent-bitcoin-users-are-associated-illegal-activity1/
criminals use money, and they move it about more than hodlers

[Toxic2040]

For those of you who's Latin is rusty..

Isaac Newton

"If I have seen further than others, it is by standing on the shoulders of Giants."

Bitcoin GitHub History Visualized
https://www.youtube.com/watch?v=K2OBbK-7qPc

[Ibian]

I find myself in need of a pretty rock. Mostly just because. But diamonds are too... cliche, mainstream, dirty? Something less common, but still very pretty to look at. Any suggestions?

[Toxic2040]

I find myself in need of a pretty rock. Mostly just because. But diamonds are too... cliche, mainstream, dirty? Something less common, but still very pretty to look at. Any suggestions?

Glass Butte Fire Obsidian...one of my fav "rocks".

I am thinking you are talking about jewelry like a ring...rather than a specimen.  If thats the case...Sapphire?

[Ibian]

My google-fu uncovered tanzanite. Apparently only discovered 50 years ago, pretty blue color. Never heard of it before, maybe something like that would do.

[Dabs]

@Ibian, try Blue Diamond ? Altho that may seem a bit cliche too. I'd probably just get some other metal like palladium or platinum, or one of those gold plated tops I've seen advertised.

[gentlemand]

I find myself in need of a pretty rock. Mostly just because. But diamonds are too... cliche, mainstream, dirty? Something less common, but still very pretty to look at. Any suggestions?

You'll find prettier rocks rooting around on the average beach for nothing.

[JayJuanGee]

This fits the format of late 2013 / 2014 better than early 2013. early 2013 was this immediate 80% flashcrash that rebounded on huge volume. late 2013 / 2014 was a slow jagged grind down on lower volumes, which is what is happening here. Im not saying it's going to happen but in no way can you compare this chart to the early 2013 chart.

https://i.imgur.com/A5VQPrM.png
early 2013 which looks nothing like the current chart

It seems the 2013 example is a bit different: the price ran up 10x in about 2 months; the aftermath was brutal and prolonged.
In the matter at hand, the run up was much more gradual; I do not have the time to fully reflect on the comparison of the 2013 aftermath and my expectations for the current 'aftermath', but it almost seems as if the 'aftermath' already took place. Perhaps a short trip to $7,500 to satisfy the perma bears but the damage visible on the 3d chart is minimal compared to the 2013 example.

I remain with my original thoughts: in order to have a post-bubble period one should first have a bubble. Wake me up at $50k  

Actually, after this current considerable correction to 43% and then to 53% and bouncing around in the 35% to 45% territory, and the earlier three corrections of 30% and 40% and 27%, it seems that $50k would no longer be bubble territory, unless we were to go there in a rapid fashion, such as in one or two months... Wake me up at $120k, you fucks.      

[xhomerx10]

I find myself in need of a pretty rock. Mostly just because. But diamonds are too... cliche, mainstream, dirty? Something less common, but still very pretty to look at. Any suggestions?

 It's only about US$100Mill ... or ~BTC100 at 2023 prices.
edit: all of the stones are diamonds; fancy, coloured diamonds

[Last of the V8s]

Je suis ni vise pouvez vous m’expliquer sans mot compliqué comment comprendre un tableau  graphique merci

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