All posts made by gwoplock in Bitcointalk.org's Wall Observer thread
1.
Post 4369070 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_11.52h):
Is stamp down?
Trades are still going through from my end.
Down for me as well. Needing additional security or something.
All other pages work. Index.php is gone or something.
2.
Post 4369135 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_11.52h):
3.
Post 4369214 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_11.52h):
You Sir, are a gentleman and a scholar
Thank you
4.
Post 9103109 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.21h):
I feel like the next 24 hours will be very critical.
Even more critical than 24 hours before?
Yes the last was just going down. the next will show if we are done and going back up or still dropping. It will also give us some idea where the bottom or the top will be.
Edit: English is hard
5.
Post 9105923 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.21h):
C'mon stamp... one 1k buy please, so we can jump to 350$
Come on guys I need the price lower to get money together. maybe sub 300's
6.
Post 9105980 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.21h):
I'd be happier if the speculation nutters don't get too carried away with this one. I'd rather it go sideways for a couple more months while the mass adoption rolls out
Don't worry, unless you see it suddenly break 350 with rising and heavy volume, the price is not going anywhere. In that case you'll have weeks of sideways and plenty of time.
I think so too. I'd like to see some slow down in the Rate we get bubbles
7.
Post 9106036 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.21h):
I'd be happier if the speculation nutters don't get too carried away with this one. I'd rather it go sideways for a couple more months while the mass adoption rolls out
Don't worry, unless you see it suddenly break 350 with rising and heavy volume, the price is not going anywhere. In that case you'll have weeks of sideways and plenty of time.
I think so too. I'd like to see some slow down in the Rate we get bubbles
honey badger don't care, man.
Is this the "honey badger don't care" thread?
8.
Post 9118806 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.21h):
Im really amazed that few people are trying to sell their $300 coins for a quick buck. The stability at $330 is pretty damned impressive.
Anyone have some nice lines on a chart that might show when a breakout is due?
Fucking retard,
btw was going downhill , some guy sold 30k coins , now the market is a bit confused but we will go down much more because everyone is getting out of bitcoin.
Its the truth.
If "everyone" was getting out of bitcoin as you say the price would be a lot lower than $330!
For those of us that have been around a little longer than a week or two there were similar comments when the price hit $60 last Summer.
Bitcoin is doing very well. The price will swing the other way fairly soon here I believe.
I wil printscreen this post and I will pm it to you when USA BANS BITCOIN.
If we can survive "China bans Bitcoin" and "Russia bans Bitcoin" we could even survive "USA bans Bitcoin."
The thing about Bitcoin is that banning it really cannot stop it. Sure it can slow it down, but the only way to stop Bitcoin would be to ban the entire internet.
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Isn't the port just in the cfg file. It would be fairly easy to push out a message on several of the Bitcoin forms to change the cfg file. If you can't / don't / don't know about the change then yes they can't use bct but they would figure it out quickly. The wallet would have to re download the block chain. The fork wouldn't matter because the coins spent on the 8332 wouldn't matter.
9.
Post 9130196 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.21h):
571 BTC Wall being eaten!
393 BTC left.
Edit: 242 left.
I don't think we have enough momentum to break through the wall.
Edit: I stand corrected.
10.
Post 9130217 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.21h):
571 BTC Wall being eaten!
393 BTC left.
Edit: 242 left.
Guys where do u observe charts ?
I quite like this one
http://bitcointicker.co/ Are there any better ?
I use cryptowat.ch
11.
Post 9140660 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.22h):
I guess correction time is coming soon again. But looking great so far.
Upward correction
Looking at the 1hr RSI chart it looks like we are overbought so I would say we will correct down.
12.
Post 9143326 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.22h):
I'm not ready for the train trip. Just delay some more months.
+1
13.
Post 9143363 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.22h):
Am I the only one that sees we are overbought.
14.
Post 9143409 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.22h):
Am I the only one that sees we are overbought.
Yes.. you and maybe one or two other delusional bears..
Ok what am I missing then. I'm new to this so I want to learn.
15.
Post 9143431 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.22h):
Am I the only one that sees we are overbought.
Bitstamp is overbought but being manipulated up; BFX is still oversold.
Ok so I'm being logical thinking that this upward trend can't be sustained.
16.
Post 9143621 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.22h):
Am I the only one that sees we are overbought.
Yes.. you and maybe one or two other delusional bears..
Ok what am I missing then. I'm new to this so I want to learn.
I don't claim to know much of anything either.. that is why I threw in the smiley faces.
However, I personally believe these terms of being overbought in these conditions have the potential of missing the point that BTC has been in a 10 month downtrend that has likely been manipulated downward.
Accordingly, we remain at a very low price point for the overall trend, there have been a lot of people pushed off into the side-lines looking for a trend reversal and their opportunity to buy back in.. and this may be the point to buy back in.. Yes there may be a bit of a battle for a week or so regarding whether the trend has actually reversed, and in the mean time, people may be getting back in or considering to get back in because the price has been so low for so long...
In other words, in looking at the longer term and the total market dynamics, I think it is a bit too short-sighted to suggest that we are overbought merely b/c there has been a 40% upward advance in the last week.
We can probably both agree that we are likely to see quite a bit of continued trading action in the coming days..
Ok. That makes sense. Thanks.
17.
Post 9144008 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.22h):
Why are all happy? Price under $400 is nothing to be excited for. The price was $600 two months ago.
Because we have a more realistic price. And we may be breaking the down trend for the last 6 months.
18.
Post 9144075 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_13.22h):
Why are all happy? Price under $400 is nothing to be excited for. The price was $600 two months ago.
Because we have a more realistic price. And we may be breaking the down trend for the last 6 months.
Do you know a lot of people buyed bitcoins at $600 from June to September? Why they have to be happy with a price at 370? They can be happy with a price of $650 or more, to recover they money and maybe win a little for waiting 4 months.
Buying in an obvious 6 MONTH downturn is not the way to get money.
19.
Post 23481603 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.24h):
Wasn't MtGox enough of a lesson of what can happen when you give up your private keys?
I'm still hoping someday there will be a distribution from the bankruptcy estate. Might even get some Bitcoin Cash out of it!
Unfortunately I don't think we will ever see a distribution and if there was, I don't think it will be in BTC. It will be in cash.
20.
Post 23523596 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.24h):
via: GYFT , EGIFTER ===> YOU CAN ALREADY BUY SHIT OFF AMAZON
lol weee
That's wonderful for the people that know about bitcoin and this workaround. To bring BTC to the masses you need Amazon and the like to adopt it.
21.
Post 23525812 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.24h):
I think its all about setting a direction and the others will follow! right now we use workarounds...
That's wonderful for the people that know about bitcoin and this workaround. To bring BTC to the masses you need Amazon and the like to adopt it.
Definitely. Imagine a "Pay with Bitcoin" button on Amazon's checkout page and what it will do for general adoption. That could be the true tipping point to the mythical S-curve.
If amazon supports it, everyone will have to follow suit to keep up. Amazon is the tipping point.
22.
Post 23528724 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.24h):
Consensus too was mentioned in the whitepaper, if I'm not mistaken.
If there's any truth to the recent news, imagine how happy Gemini and Coinbase customers will be when the "bitcoins" they bought (at a significant discount, I bet) get turned down by Amazon's cart checkout. I sense lawsuits incoming.
pardon my ignorance (I've been out of the loop for a few years) but what are these bitcoins you are talking about?
23.
Post 23528982 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.24h):
pardon my ignorance (I've been out of the loop for a few years) but what are these bitcoins you are talking about?
Digital stuff for nerds. Basically useless. Don't worry, exit the loop immediately.
let me rephrase that. I read a bit about the hard fork a while back, I just don't know what happened with that.
24.
Post 23529800 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.24h):
pardon my ignorance (I've been out of the loop for a few years) but what are these bitcoins you are talking about?
Digital stuff for nerds. Basically useless. Don't worry, exit the loop immediately.
let me rephrase that. I read a bit about the hard fork a while back, I just don't know what happened with that.
Sorry gwoplock, I thought you were fishing for sarcasm.
The attack is officially meant to double the blocksize (hence the 2x part of the name) while keeping SegWit, unlike the altcoin BCH, aka BitcoinCash (hence the ticker S2X). On paper, the motivation and the supporters are the same as the NY cartel. However, no proper replay protection has been implemented by the attackers. This is intentional, so the supposed fork is actually an attack. There has been open talk about "attacking" and "strategies" on some well-known Reddit subs. The real goal is replacing Core with more - say -
malleable developer(s). Some kind of replay protection can be attempted post-fork at the user's risk. The token for the replay-protected resulting altcoin S2X is available for trade on a few selected exchanges, and is valued at a small fraction of the BTC price.
In the meantime, several original signers from the infamous NY coven have retracted their support. A couple of major exchanges are trying to keep a foot in two shoes.
its all good. Thanks for the explanation, it makes sense now.
25.
Post 23589803 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.24h):
The real question is do we think they're going to actually do it. Do we really think that it will give value to amazon?
26.
Post 23839877 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.24h):
The train has now stopped to refuel and take some more passengers, before going CCMF again...
Will you be on that train? No? Think again!
train is pulling out of the station. Up we go.
27.
Post 23846946 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.24h):
bitcoin is overbought as fuck!
it is time for a serious correction!
wave 5 complete?
nah. I think we are growing at an ok rate. looking at the all time chars in log we aren't over a linear line. the only time we've broken it is a bubble. if we stay like this I don't think its a bubble.
28.
Post 23847800 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.24h):
and you guys will regret to not having buying altcoins
right... and the earth is flat.
29.
Post 23881170 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.24h):
Lets eat that wall
30.
Post 23881754 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.25h):
576
BTC wall at bitfinex eaten like snacks
6600 incoming!
I almost missed it. Choo Choo
31.
Post 23958342 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.25h):
The pitchfork suggests we may reach roughly $8000 before a sharp correction down to about $5000 before new all time highs greater than $10,000 by year end. The sell off might occur during the fork drama and rather than the end of the world present just another buying opportunity.
I'll confirm that with my gut.
32.
Post 24135833 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.25h):
$7000 under attack!
just a bear trap?
33.
Post 24136209 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.25h):
Back down the rabbit hole we go!
$7000's again.
What a world... what a world!
I think 7k will hold but what a wild ride we're on.
34.
Post 24198790 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.25h):
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.
35.
Post 24199325 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.25h):
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-protectionhttps://bitcoinmagazine.com/articles/segwit2x-and-case-strong-replay-protection-and-why-its-controversial/Thank you very much
36.
Post 24210443 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.25h):
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.
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.
37.
Post 24210643 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.25h):
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.
38.
Post 24210901 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.25h):
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.
39.
Post 24250739 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.26h):
I walk away for lunch and this happens. let me get this straight, the 2x fork is gone. and the price swung over 1k... with 40k of volume. WTF
40.
Post 24253391 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.26h):
Why the hell is the price going down?
people buying to get "free" coins getting out of the market
41.
Post 24254209 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.26h):
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
42.
Post 26227590 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.32h):
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.
43.
Post 26227899 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.32h):
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?
44.
Post 26228691 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.32h):
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.
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.
45.
Post 26228716 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.32h):
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 let’s hope not. It would tie in with a rush to alts though .
I fail to see how alts ties in.
46.
Post 26682873 (copy this link) (by gwoplock) (scraped on 2020-04-04_Sat_15.34h):
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.
