All posts made by sniveling in Bitcointalk.org's Wall Observer thread
1.
Post 9851554 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_13.39h):
There's been a lot of posts here attempting to get people to click dodgy links recently. Most of them were shortened urls. I scanned one that came up clean until I used an unshortening service, then it showed up as malware.
2.
Post 9866065 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_13.39h):
Mrbitcorn was right, bitcoin will drop to below 10 Dollars
No he predicted bitcorn would drop to below 10 Dollars, not bitcoin. Bitcorn's probably some shit coin nobody's heard of.
3.
Post 11283970 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.14h):
Aww, what's happening now... Let's just hope that we'll form a double-bottom on the short-term support line that's been established over the last few days and bounce right back into the $240s... I don't feel comfortable leaving this uptrend-channel
It's a probing bot that pushes the market down on low volume to absorb selling, catch stops, etc. It puts big hidden orders right above the market so the price can't move up, market sells a bit to make the amateur traders nervous, catches what it can of the selling, then reverses. Very clever.
Huh, highly interesting! Is that also the reason why BitFinex's orderbook seems to be broken on Bitcoinwisdom? It seems to shift every 5 seconds or so... What's up with that? Also, does this mean the price is going to break back up in an hour or so?
It's working on Bitcoinity, so I doubt that's the reason for any Bitcoinwisdom problems.
4.
Post 11610804 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.17h):
Some decent buying action going on and Finex' orderbook on BTCwisdom is broken again* ;(
*first world problems
If not for your post I would have missed the 2k worth of buys on Bitfinex just now. I had got so bored watching 10 cent variations that I had given up checking the price. It's gone up 2 dollars in no time at all, which is the most action we've seen so far today.
5.
Post 11925954 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.21h):
why there is no transaction on bitfinex ?
I think it's down, all I get is a 502 Bad Gateway nginx error page when I try to access the site.
http://www.isitdownrightnow.com/ shows it's up but it's probably getting the error page and reporting it as up because of that. Bitfinex went down because it was getting DDOSed about 10 days ago. Maybe it's getting DDOSed again.
6.
Post 11926203 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.21h):
I just checked Finex's Twitter and they posted this:
"We had an issue while rolling out an update, we're working to get the site back up ASAP. Sorry for the inconvenience."
Hopefully it's just a technical glitch.
Thanks, I have been regularly checking their tweets and they must have tweeted a minute after the last time I checked. This is the link to the latest one about an update problem.
https://twitter.com/bitfinex/status/623168945332158464Btc-e also tweeted why they are offline. It's got something to do with a datacenter. Here's the link to it in case anyone want's to check for themselves.
https://twitter.com/btcecom/status/623116256334454784It seems like it's only a coincidence that both sites went down about the same time.
edit/
Bitfinex is back up for me now.
7.
Post 12032747 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.22h):
280$ again:)
I think the price will go up again from here to around 300$ in the following days.
We might get a pump due to people buying Bitcoins to purchase Ethereum with.
On the other hand we might get a dump due to the Ethereum team dumping their 19.8% share of the premine. They have almost run out of cash to continue developing it and they are desperate to get more money from somewhere.
It's difficult finding out how much of the premine they gave to themselves. It's in the terms and conditions of the sale, but the original link to the PDF is broken. I eventually found a copy on their git.
https://github.com/ethereum/www/tree/master-postsale/src/extras/pdfs
8.
Post 12177377 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.23h):
I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.
When are they going to start stress testing again? I heard it would vaguely be sometime in September but is there anything more specific than that yet like a date? I don't want to have my payments stuck in limbo for days like during the last test, but I also don't want to start paying higher fees until absolutely the last minute.
9.
Post 12177929 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.23h):
We are now looking at the next huge wave down last seen summer 2014 (ofc with some bounces), we might find some ground at 230 (longterm trendline since april 2013) - if it fails we collapse into 1xx and then double digits.
Right now the price is $250 - advice, short.
If it comes true double digits will be around december this year (2015). My guess is $77.
Saved for future reference.
Edit: Within a year I also expect bitstamp & bitfinex to collapse (bankruptcy).
Why do you think those two exchanges will go bankrupt and not the others? Which exchanges do you think won't go bankrupt? Bitfinex provides shorting options which some people speculate might lead to bankruptcy if an extreme crash happens. However Bitstamp doesn't allow shorting, so why do you think it might go bankrupt, unless you think it has unsustainable debts remaining from when it was hacked?
10.
Post 12493110 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.26h):
Coinbase just submitted patents for 9 different Bitcoin related ideas - can't believe they tried to get a patent for "tip button" and "Bitcoin Exchange"
20150262176, “Hot Wallet For Holding Bitcoin”;
20150262172, “User Private Key Control”;
20150262171, “Bitcoin Private Key Splitting For Cold Storage”
20150262168, “Instant Exchange”;
20150262141, “Personal Vault”;
20150262140, “Send Bitcoin To Email Address”;
20150262139, “Bitcoin Exchange”;
20150262138, “Tip Button”;
20150262137, “Off-Block Chain Transactions In Combination With On-Block Chain Transactions.”
They have patent wars in America where a multitude of companies are suing each other over vaguely worded ideas hidden in patents. I remember someone sued Apple because they had patented some extremely vague idea for a menu or something. Apple paid them millions. I doubt Coinbase will be granted a patent for a tip button because its already been demonstrated in public, but they might get a patent for something just as basic that hasn't been demonstrated publicly yet.
11.
Post 12881123 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.31h):
Oh my god somebody pinch me please.
Stamp 473
Finex 472
Huobi 494
'til now for today +16%
the last 4 weeks +98%
This is insane!There will come a dump.That's for sure!The question is how strong it will be.
Every night this week I went to bed expecting to see a dump when I awoke the next morning, but the price had shot up. It is an insane parabolic rise and I'm beginning to wonder how high it can go. At this rate it will surpass 2013. Strangely people appear to be dumping alts to buy Bitcoin when its usually vice versa. Very few of them have risen in percent USD as much as Bitcoin, they are dropping in value against it.
12.
Post 13128348 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.35h):
Prepare your ass for sub $200 coins!
ymmm, sounds promising, but we need some FUD news
There should be more than enough FUD news in the shitload of new threads started today by newbies with random user names like FW8Dt5, Jd19bW, C6H68g, and ALlYg8. I haven't got round to reading any of them yet because they all look like the work of the same person whose choices of user names are so random that they would make good passwords.
<edit>
That was fast, the mods have deleted all those threads apart from one by ALlYg8.
13.
Post 13128399 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.35h):
Prepare your ass for sub $200 coins!
ymmm, sounds promising, but we need some FUD news
There should be more than enough FUD news in the shitload of new threads started today by newbies with random user names like FW8Dt5, Jd19bW, C6H68g, and ALlYg8. I haven't got round to reading any of them yet because they all look like the work of the same person whose choices of user names are so random that they would make good passwords.
It's one of lambie's new hobbies.
The only one of those threads that got a reply was started by ALlYg8, and in the reply Patatas pointed out that all the recent posts about bitcoin dying were all created by Lambie. We probably have Patatas to thank for reporting them and getting them quickly removed.
14.
Post 13228504 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.37h):
Bitcoinity flashed a message up saying it's been misreporting the Bitfinex volume for about a month, but it's now fixed. The volume didn't look right to me, but I assumed I was in the wrong and Bitoinity must be showing accurate data. Maybe the data feed from Bitfinex was feeding inaccurate data to Bitcoinity.
https://bitcoinity.org/msg/2015_12_12_bitfinex_volumeReported volume for Bitfinex was wrong, for about a month (sic!). It's fixed now. I'm really sorry about that.
15.
Post 13229335 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.37h):
@Peonminer. sfyl
Yep. Waiting on 157 ETH withdrawal. TXID and not showing on the blockchain. @JShock says around t-minus 8 hours til it's fixed. Fingers crossed.
Hope you get your $150 back from craptsy... why are you still using them? There's been big waving red flags for months now.
I had to wait weeks for a withdrawal while the price crashed lower and lower. Hopefully the same won't happen to the ETH withdrawal, but I'd refuse to give them my business anymore. There's something rotten going on when your withdrawals are withheld for a long time. We saw it before with Gox.
16.
Post 13230721 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.37h):
Bitstamp has been called Bearstamp for the last month because its price is always behind the other exchanges. Tonight Bitfinex's price is lower than Bitstamp's so perhaps it should be known as Bearfinex until it catches up with Bullstamp.
[edit]
Typical, the very next post after this one shows Bearstamp's price has fallen back below all the other ChartBuddy exchanges, including Bullfinex.
17.
Post 13231359 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.37h):
i smell breakout
The Chinese are leading this market. It's broken above 2900 on Huobi, and the other exchanges are following. There's only another 100 CNY left to go before the magic 3000 gets broken on Huobi.
18.
Post 13440349 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.39h):
Don't worry. Soon the price will start climbing and we'll all be posting sexist images and throwing poo at each other again.
Do all your posts really have to be pushing Marxist propaganda? You understand literally nothing about women, zero. The word sexism implies that men and women are equal, when women are basically large, irrational, overly emotional children. There's not a single woman walking the earth that respects a guy that thinks a woman is their equal. Women only marry up. If you're not stronger, smarter, richer, and basically better than them at everything, they want nothing to do with you unless they're "settling" after old age and desperation.
That's the divorce settlement speaking, I suppose.
Don't despair though. If your forum persona matches your actual self, your kind, mature character will surely attract a new partner in no time.
Alternatively: consider a hug pillow.Consider a hug pillow or a dog. Dogs love you no matter how reprehensible your personality...
Can confirm.
Sorry to derail the thread, but has anyone noticed those walls going up and down as we alternate above and below 2800 CNY? Will we stay above 2800 this time, or crash back down below it? There's a little wall stopping it going back down on btcchina, but a great big one stopping it going up.
PS
Cats are easier to look after than dogs, apart from wanting food they look after themselves.
19.
Post 13440439 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.39h):
Lots of "deleted" there. Brief summary?
Charles Lee was talking about how RBF won't be considered for Litecoin. He published a snippet of an email between he and Peter Todd in the thread, who showed up and went ape shit about it.
WTF is RBF, and why did Peter Todd go ape shit about Charles Lee refusing to consider it for Litecoin? Peter Todd's a Bitcoin/Viacoin dev right? What's his interest in Litecoin?
20.
Post 13440496 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.39h):
Don't worry. Soon the price will start climbing and we'll all be posting sexist images and throwing poo at each other again.
Do all your posts really have to be pushing Marxist propaganda? You understand literally nothing about women, zero. The word sexism implies that men and women are equal, when women are basically large, irrational, overly emotional children. There's not a single woman walking the earth that respects a guy that thinks a woman is their equal. Women only marry up. If you're not stronger, smarter, richer, and basically better than them at everything, they want nothing to do with you unless they're "settling" after old age and desperation.
That's the divorce settlement speaking, I suppose.
Don't despair though. If your forum persona matches your actual self, your kind, mature character will surely attract a new partner in no time.
Alternatively: consider a hug pillow.Consider a hug pillow or a dog. Dogs love you no matter how reprehensible your personality...
Can confirm.
Sorry to derail the thread, but has anyone noticed those walls going up and down as we alternate above and below 2800 CNY? Will we stay above 2800 this time, or crash back down below it? There's a little wall stopping it going back down on btcchina, but a great big one stopping it going up.
PS
Cats are easier to look after than dogs, apart from wanting food they look after themselves.
You are never going to get any loyalty out of a cat, as compared with a dog.
Let's say, hypothetically, that you raised and fed your cat for it's 15 year life, and then for some reason you perish in your house. Your cat will eat your corpse, and your dog (in contrast) will just sit there, morn your death and may well starve to death with lil doggie sorrows.
a bit of a difference.
ps... walls, whether in china or elsewhere, can frequently serve as reverse price direction indicators. Steep walls are placed for the purpose of pulling them.
That's a good point about cats. I know you can raise and feed one for 15 years, then if one of your neighbors starts giving it better food than yours it will go to live with him/her and have nothing more to do with you. It reminds me of how a divorce works.
PS
It's difficult reading those walls in China, they can sometimes be reverse reverse price direction indicators.
21.
Post 13541687 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.40h):
Why giving the info of how much blocks are filled? I don't really understand the impact and the point of such information? And I absolutely don't see the link with bitcoin trading though it's probably because of my ignorance
Meh, it started out as just the count of blocks until the next halving (which
is likely to affect trading) but once you're generating images and hooking into bitcoind with RPC, it becomes easy to add other stuff that's tangentially interesting.
Arguably, if the blocks become full on an ongoing basis, that is likely to affect price also as transactions back up and fail to be confirmed without unknowable and steep increases in fees.
There are already days when the blocks show as almost full and threads complaining about stuck transactions appear. If it gets much worse it's highly likely to affect the price so I'm glad chartbuddy shows that information. The number of transactions a day is increasing and the blocks are getting fuller.
22.
Post 13784295 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.43h):
already topping here?
Well it's not going over 400.
i cannot believe this is not over 400 this morning. #GimpedCoin
There have been two big opposing walls intermittently fighting each other for the last few hours on Bitstamp. There were periods when there was no spread between walls of thousands of coins. They froze the Bitstamp price while they were up. It's like there are two whales fighting to control the price.
23.
Post 13784330 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.43h):
It will be interesting to see if we can hold the 5% gain through Golden Week when Chinese banks will be shut down for nine days. If bears want to force a long squeeze, this may be a good time.
Are you sure they shut their banks for a whole nine days? They are open for a few days between Christmas and New year. The longest Western bank closure is normally no more than four-ish days. I know their New Year is their biggest holiday, but nine days of closed banks seems excessive.
24.
Post 14787112 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.50h):
Can't they bypass USA regulatory resistance and go to the UK -or elsewhere- to launch the ETF?
If an ETF wants to do business with customers in the USA it has to go through the USA regulatory procedure. There were offshore internet gambling sites that thought they could do business with customers in the USA without fear of legal action from the USA government. Most of them eventually got taken down by the USA government, and the owners were prosecuted.
25.
Post 14792032 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.50h):
ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+
bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!
How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.
Your bear logic on the night of May 5th didn't work. You said the 4.5k ask wall should hold, went to bed, and straight afterwards the price shot up over $15 while you slept. You left some guinea pigs to break resistance, and they did it. What if the guinea pigs do it again?
I see a fairly decent sized wall, and no one is talking about it here. Now I have the sad.
Edit: Wall shrinks
Yeah, Bitfinex wall grew from 1.5k to 4.5k, then shrank back. But it was enough to make me close my long at a tiny loss (slippage and fees).
Let someone else attack that wall with force, then maybe I'll take a little bite too. I was expecting a little pump, but
with low volume a 4.5k ask wall should hold.
26.
Post 14831868 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.50h):
This talks about bits. It is my understanding that qbits are significantly different from bits. Sorry that I can't illuminate further.
"...until computers are built from something other than matter..."
We can get semantically cute and argue both sides, but in my book a quantum computer passes this definition.
Armchair scientist here, but - the differentiating criterion of a quantum computer is the existence of these chained qbits.
A problem with 2^8 possibilities has 256 solutions. Our normal computers take that O(n^2) problem and solves it by traversing all n^2 solutions.
Computer science demonstrates we can solve big-O problems in less than the brute force number of times. However, we cannot reduce Big-O-COMPLEX problems into a problem set that is small enough for a regular computer to solve.
A quantum computer would look at this problem and say, okay, I need 8 qbits. One to store each of the two possible outcomes for each of the 8 possibilities.
Having those, the solution is O(1) - it is already solved. Each qbit holds BOTH states, so a 2^8 problem requires 8 qbits. A 2^512 problem requires 512 qbits and it is solved. A standard computer could never solve it.
The writer of that quote understood that notion. He understood that a fundamentally different process must occur than the one we use today to make the next evolutionary leap in processing.
I would argue that since the 'core' of the machine relies not on a measurement that is physical, but on the underpinnings of quantum theory which rather fly in the face of matter...that the quote is quite correct.
I disagree. I think you give the writer too much credit. A natural reading of what's written is that it is impossible to break Bitcoins algo in this universe.
Quantum mechanics is very much part of this universe.
Disclaimer: Not even an armchair scientist.
"... until computers are built from something other than matter and occupy something other than space".
Qbits exploit weird quantum effects like one atom being able to be in two places at the same time. The qbits in a quantum computer occupy something strange that might be considered "other than space". Existing in two places at the same time is a departure from the standard three dimensions of space we all know.
27.
Post 15456390 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.54h):
Good morning Bitcoinland.
I see we had the predictable retrace/profit-taking after breaking $700 again, but it's a little surprising how deep it went. It's all the way back to where it was 3 days ago.
Seven days ago it was at $616 and there was panic it was going below $600. A month ago it was at $555 and there was panic it was going below $500. Gaining $100 in a week is more bullish than a retrace back to $644. Anything above $500 is bullish because it's only a little over a month ago that the price went above $500 for the second time since September 2014.
28.
Post 16425054 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.57h):
It's not much but the price is moving in the right direction by the looks of it. We're up $10 since I last checked the price around 24 hours ago. Hopefully we have a bullish October.
Getting above $600 was a massive psychological barrier. Now we are past it the momentum of price increases is accelerating. Less than half a day ago it was only a few dollars above 600, now it's a few dollars above $610. By next week it could be above $650.
29.
Post 16618322 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.58h):
why? the news is old. the measures for kyc/aml and so on are already in place and apply. and the only thing they're saying is that they don't want to promote it. seems like business as usual to me.
It doesn't matter what the European Central Bank's stance on Bitcoin is. There aren't enough big exchanges in Europe to make any difference. There's only Bitstamp, and that's a shadow of its former self since the hack. The biggest USD exchange is still Bitfinex, and that doesn't care about the EU.
30.
Post 16705089 (copy this link) (by sniveling) (scraped on 2020-04-04_Sat_14.58h):
Hobular $700 incoming.
(Chinese bitcoin traders + Swiss trains = a match made in heaven, surely)
In that case the Swiss trains made the poll correct for once, the majority of 39.5% who took part guessed correctly. Last week I didn't think $700 was possible so fast, and this week I'll be surprised if it doesn't make it to $700 by Sunday.
Unfortunately we won't get any new polls until Adam gets control of his account back. It will be ironic if Bitcoin's at a new ATH and the poll's highest option is >690.
