All posts made by andyatcrux in Bitcointalk.org's Wall Observer thread
1.
Post 6019238 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_12.31h):
IRS cant hold us!
I do not live in USA but i wish this IRS thing will never happen - keeping record for one year of each smallest transaction is SICK!
They will understand it after short while!
Bitcoin for USA!
And about the price --- stabilizing
they understood that, this is on purpose to harm bitcoin and they'll harm and kill bitcoin, Ripple will take its place within few months. This is life.
individuals do not have to fill out form 1099. so for the vast majority this is inconsequential. They should be paying taxes on gains on bitcoins anyway.
Exactly, yet every time a news story that is positive, such as the Square Market news, pops up as #1 on google search, another rehashed story about the IRS guidelines pops up. All with outlandish headlines like "Bitcoin bites the dust" and "the end of Bitcoin" blah blah blah. Each article usually has some finance industry person bloviating about the doom and gloom that is pending for bitcoin. There seems to be a desperate effort to suppress Bitcoins acceptance at large. Desperate indeed. It is not even known if the IRS will stick with the guidelines and it is certainly starting to look more benign than many would have us believe. This constant recycling of old news is going to backfire, because people do catch on to bullshit eventually. Especially with a steady stream of fresh news pointing to the opposite trend that these FUD stories attempt to create.
2.
Post 6021850 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_12.31h):
I still am trying to figure out what the big deal is for China. My first BTC was purchased by sending money to Virwox to buy Linden dollars to then buy BTC. Cost me 10% more than the market rate, but I found a way to get BTC. Now Coinbase is how I get BTC. In the United States it seems to be the most reliable and convenient way of getting fairly priced BTC and even then some banks like Chase bank have been known to freeze deposits. My point is, how can the Chinese government possibly stop the flow of BTC into China without preventing the CNY from moving around internationally and being exchanged for other currency. I realize that the cost to them may be a little higher but since the world seems to follow China that could oddly drive up prices bit by bit as CNY finds its way into BTC because the realized cost would always be more than present market price. I know, I just went down the deep end of speculation without a life vest.
3.
Post 6022724 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_12.31h):
I still am trying to figure out what the big deal is for China. My first BTC was purchased by sending money to Virwox to buy Linden dollars to then buy BTC. Cost me 10% more than the market rate, but I found a way to get BTC. Now Coinbase is how I get BTC. In the United States it seems to be the most reliable and convenient way of getting fairly priced BTC and even then some banks like Chase bank have been known to freeze deposits. My point is, how can the Chinese government possibly stop the flow of BTC into China without preventing the CNY from moving around internationally and being exchanged for other currency. I realize that the cost to them may be a little higher but since the world seems to follow China that could oddly drive up prices bit by bit as CNY finds its way into BTC because the realized cost would always be more than present market price. I know, I just went down the deep end of speculation without a life vest.
Please link me to any reliable information that points to a "BAN" of bitcoin in China. Preventing the centralized bank from funding the purchase of BTC is not the same as saying it is a crime to have or purchase BTC.
4.
Post 6044203 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_12.32h):
Please forgive my infinite ignorance, but what does ATH mean?
Is this the most beautiful capitulation signal ever?
No, that's just me being new.
I believe ATH is being used as an acronym for All Time High.
5.
Post 6167157 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_12.36h):
Did everyone step into a bear panda trap? That would not be surprising at all.
6.
Post 6167428 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_12.36h):
num nyum nyum ... cheap coin suckers!
7.
Post 6167658 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_12.36h):
I will eat my hat if China does not find a way to profit on bitcoin. Everyone is being manipulated. Bitcoin is a rare commodity, and we know the Chinese pay premiums for rare commodities. It should also be known that many Chinese people have money in other currencies outside the PBOC. As long as people keep fearing a bitcoin ban this rhetoric will be used as leverage. An all out ban would merely be an inconvenience, not a deterrent. And we are not even looking at a ban.
8.
Post 6177881 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_12.36h):
So..
Huobi is the highest and BTC-E is the lowest. Any of you kids care to explain on why is this happening?
I would venture to guess that it is because the Chinese are the first to figure out that they will be able to continue trading, despite the inconvenience of not using the PBOC to fund the current exchanges they use. But it could certainly be a continuation of the manipulation we watched on the way down to 340.
9.
Post 6180766 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_12.36h):
speaking of gold maybe the Chinese have the same plans for Bitcoin that they have laid out for gold trading:
http://goldnews.bullionvault.com/gold-trading-032020147
10.
Post 12233441 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_14.24h):
This is by far the most doom and gloom vibe I have seen in a while. Yet I just can't bring myself to unload at these prices. Not buying quite yet either. Far too much misinformation regarding this software fork. Best choice for me is to do nothing. Wait and see.
11.
Post 12234936 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_14.24h):
Five bip 101 blocks mined. Five. less than 0.5%. Long way to go to 75%
http://xtnodes.com/
12.
Post 12235025 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_14.24h):
Guys, nodes don't make a consensus. Besides that, they are fake. The thing that counts is the blocks mined. Which is next to nothing at this point.
https://www.reddit.com/r/bitcoinxt/comments/3iao3i/how_to_run_3000_completely_legit_full_nodes_aka/http://xtnodes.com/Edit: I should add that I could be completely wrong>
Edit: Nope, I'm not.
13.
Post 15300411 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_14.53h):
Image of Coinbase transfer from the year 2020 after massive panic caused by market leveraging sends BTC plummeting from 30K to 16K in a week. Oh and Bitcoin declared dead for the 1000th time.
14.
Post 15795296 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_14.56h):
Bitcoin survived with something like 7% of all coins getting hacked, why would it hard fork for ...0.7%? It's a non-issue (for the greater whole).
thats not a HF proposal, just bribing the miners to 51% attack the network.
idk how i feel about that.
15.
Post 18229411 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.06h):
Triple digits reached
Where are you looking!?
His bumhole. He needs to try for that fourth digit.
16.
Post 18243909 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.06h):
The Jihadi Woo malicious miner problem is something of nightmares for bitcoin but maybe the final test before mainstream adoption nirvana.
One thing Woo (and idiot Ver) may not have accounted for is by centralising so much power around themselves they are now major targets for any variant of the $5 wrench attack motivated by an incentive for control over a $20 billion monetary security system (or its demise) .... not smart guys by any stretch of the imagination. They might want to start spending that "$100 millions" they budgeted on attacking core (100's of decentralised developers) on some high class personal security.
You would think Ver knows enough of the cypherpunk history to know what happened to e-Gold, Liberty Reserve, e-Bullion, etc central actors. If you want to go centralised with your digital money expect to become the prime target for some major league criminals.
They are also underestimating the number of Bitcoin early adopters.... who hold rather LARGE amounts of bitcoin based on Libertarian principles as opposed to economic reasons. Decentralization of mining is a cornerstone principle to them. If these early adopters feel that the Bitcoin network is being threatened by a sense of centralized control (monopoly?) and developer incompetence, I'm sure they won't hesitate to dump the shit out of their BU whatever coins right into the ground.
Both goods points, I was thinking the same thing and wondering if Roger Ver had some form of autism or some other impediment that may be preventing him from seeing the potential risks he is facing by destroying people's wealth; risks up to and including his own demise.
17.
Post 18296036 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.06h):
So Circle company is encouraging its users to change their bitcoins for dollars because bitcoin price is going to fall down. So Circle company is wishing to buy all those bitcoins whose price is going to fall down. So Circle company is wishing to lose money just because they are Philanthropists or something.
Also, Coinbase will freeze funds for a few days. Thing is this isn't really FUD given the situation. If anything it shows the ecosystem is maturing. Since BU has yet to implement the code needed to prevent replay attacks (many pose that this is intentional to allow the killing of the lesser chain in event of fork) these companies are taking the initiative to reduce their customers exposure and/or their own liability.
Safest scenario is having your coin in cold storage and NOT moving them at the time of fork. Circle encouraging customers to dump is dubious though, for sure. Still, the overall message is to be prepared, not that the fork is imminent as many are lead to believe falsely.
18.
Post 18297344 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.06h):
If antpool and others followed slushpool's example and gave individual users of the pool a percentage of the "vote" we would likely see a much quicker resolution to this standoff.
Edit: some more info.
https://www.reddit.com/r/btc/comments/5y3pm7/on_slushpool_nearly_40_of_users_vote_core_while_a/
19.
Post 18297373 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.06h):
Yes.
20.
Post 18311030 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
It's not about being biased or financially dependent on lightning network - that's all bullshit. The main point is that there is no facts or logic to back up making an increase in the blocksize limit at this time.
Because adding a 2mb blocksize in excange for SEGWIT would keep the chains & communities from splitting in two and destroying both sides. Even if it's not necessary by luke-jr's opinion - if it is 2MB blocks or 2 chains which one is really worse for bitcoin?
This is the third time around. BitcoinXT, Classic & now Unlimited. I fully expect this one to die out due to Unlimited's lack of professionalism & experience. Then continued gridlock on SEGWIT. At some point the industry will decide it's tired of waiting for > 7tps
What you are saying is that core should agree to increase the blocksize limit to 2mb merely because if they do not, then the BU miner group is going to fork. That is hardly a justification.
The burden to show why it is needed is on anyone proposing, and then it gets discussed and if core agrees then code gets written and tested and then signaling and implemented.
Core is not any monolith or any small group. You gotta convince a mostly decentralized... if you cannot get the stuff through official channels, then bitcoin just stays the same. Bitcoin is not broken, so staying the same is not the end of the world - even if some group ends up forking into some alt that might initially have more hash power. Once they fork, then it is much more likely that 95% segwit consensus would be achieved. thereafter, bitcoin begins running with seg wit (whether it has smaller hashpower or not, bitcoin will be fine).
In other words, merely the threat of a fork seems way too insufficient in order to cave in to some proposed change that is not technically justifiable
My understanding is that Hal Finney suggested implementing the 1MB blocksize to prevent bloat in the short term. Satoshi agreed. Many daily transfers then would now be considered dust. 2MB is the next logical step since it does not seem that maintaining 1MB was ever the intention.
21.
Post 18311107 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
22.
Post 18311202 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
I smell a rat. I have been a member since 2013 and it says I'm too new to vote.
I guess I just have to say it here: big blocks ftw.
That is a meta limitation. Does not matter how old your account is. Activity is what matters, your account is still "newbie"
23.
Post 18311692 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
JayJuanGee, while 2MB may not be technically necessary, Segwit with increase would be a reasonable compromise in my opinion. That is all. Ultimately there may be no BU or Segwit and we may go on with Core as it is. In that event, the fear and uncertainty may fade as it did with the previous emergent proposals and I agree that Bitcoin would be just fine.
24.
Post 18319513 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
BU is not designed to fork until they have 75% of hashrate. By the time this happens BTC will worth a lot less. How much time is needed for morons like bitcoin 'Jesus' or rather 'Judas' to realize that they will lose everything in terms of fiat? BU will never have the economy support. The current crash is the most obvious evidence for that.
So is this the result of a hard fork?
It was talked about for weeks now and has it finally happened?
How will we be certain of it happening? BTU showing up on exchanges?
Take a deep breath and relax. Nothing has changed in days and there is no imminent fork at this point. The fear is all predicated on an assumption that a fork would occur at 51% which is not at all likely, even if BU did reach 51%. IF it happens you will know well before it is on exchanges.
https://coin.dance/blocks
25.
Post 18320826 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
Opinions on 960 support?
Should have a small retrace above $1000 atleast imo.
Like previously mentioned, double bottom forming. Maximum Panic? More like Maximum Shakeout. Some sort of retrace looks likely for sure. $1040 maybe?
26.
Post 18320874 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
Are you margin trading? If not, just HODL if you don't need the money in the short/mid term. Bitcoin is very resilient.
27.
Post 18321248 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
How low does Bitcoin need to go before Jihan BU stops signaling that shit?
It's not because of BU, it's because a transaction with ETH costs 0,02$ whereas a transaction with BTC costs 1$.
That's nonsense. Noone seemed to really care about transaction fees when we were at 1300.
Well, now fees are lower, yet the price keeps dropping.
Are people really paying $1 to $8 for BTC transfers? I have read varying claims. I bought some silver at $1100 BTC a few days ago and the default transfer fee was about 25 cents. And I got a 3% discount for using bitcoin. So well worth the cost. They got the first confirmation in 10 seconds.
28.
Post 18321329 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
Man... I have to imagine a lot of people buying in above $1100 are shitting themselves about now.
This is pretty brutal trading activity to watch.
The epic Mt.Gox induced flash crash from 650 to 102 was brutal. This is par for the course.
But, yeah, Bitcoin is not for the faint of heart.
29.
Post 18321990 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
Anyhow, I never hurts to utilize both technicals and fundamentals.
30.
Post 18322472 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
Agreed on most points, definitely on Dash. Ethereum, don't think it is in and of itself a scam but it attracts pump and dumps groups just the same.
31.
Post 18322527 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
Agreed on most points, definitely on Dash. Ethereum, don't think it is in and of itself a scam but it attracts pump and dumps groups just the same.
It's not random pump and dump groups. It's banks or hedge funds. There are very big players behind what's happening right now in the alt market. This isn't normal behaviour. Nothing is normal anymore.
Also I definitely agree with r0ach that ETH is just a way for banks to grab bitcoins from naive newcomers.
http://dcg.co/who-we-are/Dash, bank of Duffield. ETH, no doubt some insiders trading along with fintech investors. I just doubt Ethereum's team is coordinating.
32.
Post 18323707 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
I was about to capitulate upon seeing a head and shoulders pattern form out of what was previous looking like a bullish engulfment starting to form. Then I saw that huge buy on BTC-e. What are you doing to me BTC?
33.
Post 18323759 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
Thing is, it really isn't about to fork any time soon, not without consensus. I'd be willing to wager that too. Does not matter though, too much uncertainty for new money to bare. The downside to the influx we witnessed these past couple months. Question is, when will the fog lift?
Yeah, $750 could be tested, but I would not be shocked to see one more push up the the 1025 range first.
34.
Post 18323782 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
The bottom may be in but if $900 does not hold $750-$775 is possible.
well in this case the Altcoins will boom in terms of BTC, the buying figures will surely rise , will sell some Altcoins for bitcoins as it hit 800$.
Is it right decision?
Honestly, history has shown that eventually Alts fall in line with sentiment over Bitcoin after a while. This time may be different, but putting all your BTC into alts would be risky. Maybe diversify between alts, silver/gold, fiat and of course keep some BTC. I for one am still about 90% in BTC and remain optimistic but would not mind making some trades to expand my wallet. That said, don't take candy from strangers.
35.
Post 18323951 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
big bounce of the support of $900
36.
Post 18324358 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
But don't worry, don't even trip I'm sure it will dip but ..... sooner or later:
https://youtu.be/jq57BjBVq7o
37.
Post 18326433 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
Some consolidation while Bitcoin moves relatively sideways to find some support at $950 by Monday would be a good sign. I know some are hoping for a flash crash to $750 to fill their bags though.
38.
Post 18326506 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.07h):
Well, word is that various exchanges, miners and developers will be meeting in May to discuss the path forward. I know the previous summit on block size did not pan out but just the word of SOMETHING breaking the logjam with an ASAP reversal of 51% attack threats would allow consensus to form a little more while the community can chill out and stabilize this market.
39.
Post 18569034 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.08h):
Oke i want to understand whats happening with the price can someone explain ?
Maybe this tweet, in which case probably undue panic.
https://twitter.com/f2pool_wangchun/status/852389706956365824
40.
Post 18569104 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.08h):
why, Segwit is not even close to be activated in the BTC network
Because a lot of people react to F2pool, even if not rationally. This is just my speculation. Maybe they did not read further to find out that he is against emergent consensus too. If F2Pool were to signal BU than that would be cause for panic, but that is clearly not going to happen.
41.
Post 18569344 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.08h):
Oke i want to understand whats happening with the price can someone explain ?
Why nobody asks for an explanation while the price is going up?
I think I already did. See my post about the tweet that went out from Wang Chun of F2Pool. If that caused panic it would quickly bounce back because it was likely misunderstood. Now that we have broken back below 1200, it could create the beginning of a short term downtrend though.
42.
Post 19601207 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.12h):
Any good news ?
Segwit2x compatibility with Bip 148 is becoming a reality. Pools are already starting to announce support.
https://www.reddit.com/r/Bitcoin/comments/6hmof7/an_attempt_at_explaining_segwit2x_and_bip_148/https://twitter.com/excellion/status/875767027784273920https://twitter.com/Bixincom/status/875760525757399040ViaBTC announced too. People in separate camps are still so dug in that news is developing slowly. Just as the Bitmain announcement made some UASF folks freak out (despite it being seen as good news by others in that camp), this information will take some time to emerge and fully sink in. It seems the tide is turning here. For the better.
I will say this. A lot of longs are being taken out right now.
43.
Post 19623657 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.12h):
As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.
44.
Post 19624075 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.12h):
As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.
Adam got deleted a long time ago.
Oh. Guess I wasn't paying attention. Does he have a new account? Anyhow, the forum mods still delete off-topic posts. Thanks for pointing it out.
45.
Post 19627747 (copy this link) (by andyatcrux) (scraped on 2020-04-04_Sat_15.12h):
damn its sinking like a ship
Many people want cheap bitcoins and will try to shake the weak hands.
They often try to get people margin called on their longs too, to further push it down. A bunch of liquidations occurred about 10 minutes ago. May be time to go up again.
