All posts made by BrewMaster in Bitcointalk.org's Wall Observer thread
1.
Post 17365381 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.00h):
I checked which exchanges were above 1000 on coinmarketcap and noticed xBTCe at 2nd place for USD volume. Is that exchange related to btc-e? It shares the lowest price with btc-e.
[i m g]https://s29.postimg.org/pirlqkipz/coinmarketcap2.jpg[/img]
i know for a fact that XBTCE and BTC-E.com are affiliated together. you can find the link to XBTCE on the main site too. but the price difference is strange because i always though they are the same exchange on different platforms! (unless maybe it is coinmarketcap's update problem)
edit: more info:
https://btc-e.com/news/229
2.
Post 17452016 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.01h):
since i not read everything here because i have limited time. so sorry if my question is already answered but i did't find an answer so far.
my question is about the image you post that we are in the 3rd wave... etc...
who say this waves are facts? based on what? we have someone here that predicts the future so well he can write down to us ? and this person in not in Latin America or somewhere drinking mojito etc?
don't take it wrong and start answering me ironic etc i really want to know how this is real

?
p.s. i am supporting BTC since the early days.....
i would love to hear the poster's opinion on this also but as far as my knowledge goes this chart is a big speculation based on the analysis of the market cycles.
you can read about these things more here:
https://en.wikipedia.org/wiki/Elliott_wave_principleand here:
www.investopedia.com/articles/technical/111401.aspbut i generally i do not like any technical analysis with bitcoin but many of the are correct to some extent.
3.
Post 17534342 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.02h):
^$900 close ~ street price in India prolly still 1000+

*anyone over there?*
not from there but in the streets of India apart from rivers of poo, bitcoin price is 66600.0 (~$980 according to xe.com)

4.
Post 17791764 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.03h):
losing the mining is alarming, i dunno how things would pan out if they did or even whether it's possible
The only possible ways to do that is to prevent the farms to communicate on internet (impossible), or to physically delete the farms, ie put people in jail and/or burn the miners (not likely but possible for big farms because of the electric bill)
there are lots of people making money because of the existence of mining farms in China. from the owners of the farm and their employees to small electric companies who owe their survival to mining farms and their special contracts, and the hardware companies manufacturing mining equipment.
don't think for a second government can even touch such a huge financial operation with so many big people involved.
5.
Post 17791962 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.03h):
losing the mining is alarming, i dunno how things would pan out if they did or even whether it's possible
The only possible ways to do that is to prevent the farms to communicate on internet (impossible), or to physically delete the farms, ie put people in jail and/or burn the miners (not likely but possible for big farms because of the electric bill)
there are lots of people making money because of the existence of mining farms in China. from the owners of the farm and their employees to small electric companies who owe their survival to mining farms and their special contracts, and the hardware companies manufacturing mining equipment.
don't think for a second government can even touch such a huge financial operation with so many big people involved.
miningfarms will most likely not be shut down, but instead they could very well be forced to mine the official chinese cryptocurrency that the chinese gov has already announced. that would be a much more possible scenario imo.
i somehow doubt it.
because official cryptocurrency must
be centralized in full control of the government. the same way paper money (cash) is centralized and in full control of government. you don't see them ask a third party to print money for them!
in the same way they won't even allow anybody else to touch their official cryptocurrency but themselves, and the banks. that way they can control everything there is to control, hash rate, any change or update,...
6.
Post 17804448 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.03h):
how can bitcoin price drop down, and not only drop down small but drastically to 500 range only because of something that never existed and gets denied for existence!!!
that makes no sense.
7.
Post 17861017 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.03h):
Nobody is going to pump Bitcoin while the PBOC still needs to regulate the remaining exchanges.
The price might stay flat for weeks if not months, when the ETF's are disapproved in combination with PBOC regulations Bitcoin is going down for the short-term a $50-$200 max.
i strongly disagree with calling bitcoin price rise a "pump" but i agree with price staying flat for a while probably 1 or 2 weeks but again i disagree with your drop size. there is no way price can go down $200 unless we see something horrible.
8.
Post 17868890 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.03h):
Nice to see some movement. Let's hope this is a proper leg up. It's about time.
this week has been terrible, all the sideways movements makes bitcoin price a headache. and on top of that you never know when PBoC news is going to start up again and kick bitcoin in the nuts!
9.
Post 17884658 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.03h):
haha, funny picture.
everything is a matter of perspective! based on your previous comments i am sure you meant this as to be seen from left to right but the "car" seems to be heading down if you look at it from right to left

10.
Post 17952006 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.04h):
people who are so think in the skull who can not see the 256 and understand the difference with 1 are also so think in the skull to never invest more than fifty bucks in bitcoin so let them sell nothing is gonna change

damn it feels good to be a gangsta
also...sorry for the offtopic, but that is a reasonable wall on finex at 1160.
to wall is reasonable in front of bitcoin when it is on the
move it will remove mountains...
11.
Post 18148849 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.05h):
I like BTC stability. Sell for 1300 and buy back for 950 in just one day.
dude that's one of those incidents that happen once in a million years, it was awesome and good for anyone who could catch it.
i did but not at the very bottom.
12.
Post 18200272 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.06h):
Altcoins just keep rising smh
another big drama is circling bitcoin like last year and they are using this to their own advantage. in fact that is how Ether rose to the moon the first big pump! and they (ether and others) are doing it again...
13.
Post 18239427 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.06h):
today was a good day

the price fall is always a good day. when i saw the drop i was anxious to buy and when i saw the ~750
BTC buy walls being placed i knew where the bottom should be and started buying. haha
14.
Post 18265692 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.06h):
this morning i was wondering how many more times this process of "FUD, dump, more FUD, buy back cheap coins, rise" can be repeated and how smaller the swings are going to get!
just some food for thought.
15.
Post 18288028 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.06h):
Armageddon panic sell time and rekt by bounce back before you can use your fiat money time

love those bear traps. They are funny and weak.
the bear trap keeps getting more and more victims these days.
with the start of spring they should seriously wake up from their winter sleep and use their brains for once

16.
Post 18306435 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.06h):
...
If segwit has not activated by the end of one retarget period after 15 November 2017, segwit will cease to be eligible for activation.
So we have time until November to reach 2k$ or higher, then doom (because the fuckin' miners won't let Segwit happen)... good to know.
no segwit means crash? Or fork? Or both? Man why is there always something to screw the btc price

because most people who are trading (playing at trading) are not level headed people. and you can always find "some thing" to mess with their heads and control their actions to your own advantage.
today it is fork and tomorrow it will be something new and next day another thing. learn to ride the waves

17.
Post 18341625 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.07h):
so how is everyone doing today

i just got home to my computer to see price is at $996.9 @finex already and it seems like the happy hour is over now.
i am sorry for those who sold a couple of hours ago!
Because lots op people dont trust bitcoin, thats why all the panic dumps happen in the first place.
and thank god for them. without them i don't know how i could get free coins.
18.
Post 18405501 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.07h):
Do we expect to start seeing more buying pressure or demand from Japan, what the 2nd/3rd largest market, officially recognizing Bitcoin as a regulated payment method? This seems very positive overall since it is such a large Bitcoin supporting market...
http://www.coindesk.com/japan-bitcoin-law-effect-tomorrow/news like this usually create a temporary hype and lead to price rise but that would be short term because this is not going to make new demand overnight, it can however lead to some long term more demand and higher price.
19.
Post 18417783 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.07h):
Well, this thread now is officially dead, I see.
Two pages and aside from one post claiming that bitcoin is skyrocketing, not once I saw anything resembling price observation.
Guess, nearly 17 000 pages made its toll.
this topic has been the place for random arguments for a long time now. check the first pages, there you at least see some charts and some real analysis here and there but you never see any of it in these thousand last pages.
20.
Post 18613803 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.08h):
-snip-
what do you think about this:
- bitfinex fiat withdrawals are disabled
- people fear Gox specially with everyone repeating it online
- so they cancel fiat withdrawal and buy up bitcoin on bitfinex (price goes up)
- they withdraw bitcoin to other places (mostly bitstamp) and dump there (price goes down there)
- they withdraw their fiat out of fear.
this is more buy pressure on bitfinex and more sell pressure on stamp.
21.
Post 18627224 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.08h):
people keep saying bitfinex is fake pump but i am going to say it is now officially bitstamp that is dumping. JayJuanGee said this yesterday and i was skeptical about bitstamp bearwhale(s) but i see it now.
even btc-e is above $1201 now but bearstamp is still pulling us down ($1187).
kraken is also $1197-1200
a bit silly to say but even in other currencies bitcoin is worth more
CAD is worth more (1607.38 CAD = $1210)
EUR is worth more (1122-1130 EUR = $1195.36-$1203.89)
converted using xe.com
22.
Post 18628513 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.08h):
In the meanwhile the alts are recovering and doge increased +7.5% in value only today, and 125% in the last month
Litecoin also doing great, above 12 dollars
why are alts rising and Bitcoin tanking?
altcoins are rising because they are getting pumped, and since there is a lot of profit in pumps, many people join in and make the pump bigger.
i don't see Doge rising though. bittrex shows it as 0.00% change in past 24 hours!
and bitcoin is not tanking it is still worth $1200ish, maybe sideways but not tank!
btc-e is above $1201 now but bearstamp is still pulling us down ($1187).
kraken is also $1197-1200
CAD is worth more (1607.38 CAD = $1210)
EUR is worth more (1122-1130 EUR = $1195.36-$1203.89)
23.
Post 18673770 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.08h):
if i didn't already know about bitfinex's current situation, this rise would have been a great one. i mean
$1318 
$1326 now
but right now i don't know whether to be happy or anxious!
i wish there was a fast forward button to 6 months to see the $2000 without all the bullshit in the middle

24.
Post 18674093 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.08h):
WHY. ISN'T. STAMP. DUMPING???
This makes no sense.
the bearwhale pockets has a bottom too, it is not endless.
and after multiple days of dumping you either get bored or reach the end of your plans and need to start doing something different since now everybody sees the price difference between bitSTAMP and other places.
25.
Post 18944270 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.09h):
how many more times does the price have to rise up before some people start believing that bitcoin is still super cheap!
each time we have a rise ($300, $400, $600, $1000, $1500,... $2000,...) they say "i can't afford to buy bitcoin", "it is in a bubble", "i will wait to buy when it came down", "it will fall",... and then it goes up another $100 and they start repeating themselves.
so when is it going to change? at $10K!
26.
Post 19033423 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.09h):
At the 1st ETF btc fall 1350 to 850, 450$ lower.
So could we expect 1300$ this time ?
the first time a lot of idiots thought ETF is going to be approved and saw moon in their dreams so they FOMO bought bitcoin. when it was rejected they became sleepless.
this time nothing has changed about bitcoin and its regulation nor its volatility so everyone knows it is not going to be approved. even if there are some leftover idiots dreaming of moon time i don't think their numbers are that great

so we can expect a much smaller dip!
27.
Post 19065933 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.10h):
how do I know an ICO to invest in?
None of them. Buy bitcoin and HODL.
Look at what you think are the top 25, either still in ICO or already released and launched. Then pick the top 5.
4 of them will flop and dump to zero. 1 of them will do 10x or 20x.
Of course, it's quite possible you picked the worst of them and they all dump to zero. I say, just go for the free airdrops that you see, and some cheap altcoins, or buy a small amount. Don't day trade (unless that's your thing.)
Now, I've gotten maybe 20 altcoins, and maybe 15 or 16 of them are worthless now. One is I'm waiting for something to happen, another I already made 5x the ICO price but I'm still waiting for something else to happen.
Then, you trade some or most or all of it to bitcoin and HODL.
If you had Ripple or Litecoin, regardless of what you think of the coins themselves, they were profitable to HODL about 2 months ago, and then sell. But there was really no way to predict all that. It's like everyone is saying 3 years ago to invest in ETH, but noooooo... I didn't. And the ones who did probably didn't HODL long enough.
in my opinion none of this still justifies investing in an ICO. if you want to invest then invest in an altcoin that already existed and have been listed on an exchange.
the information that can be gained from just looking at the charts is 1000 times better than going in ICO where you are completely blind to its future.
28.
Post 19176965 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.10h):
29.
Post 19690840 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.13h):
let´s look at other factors of dominance, not market cap (which is so easily manipulated, that it does not proof anything).
let´s look at how many goods are bought with bitcoin compared to all other altcoins.
let´s look at how many merchants accept bitcoin compared to all other altcoins.
let´s look what crypto is used for cross border payments.
let´s look how many bitcoin-start-ups are existing compared to all other altcoins.
i bet in every single comparison, bitcoin dominance is still in the 80-90% area.
i agree but you forgot one of the most important factor:
reliability.
an altcoin which is congested easily and its blockchain fails is not reliable enough for any kind of usage.
30.
Post 19694760 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.13h):
and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...
That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down?
So the last ICO got 150millions of fund in ETH. How does this ICO work? I fought people give ETH for some token, and the start up owner has ETH. So if you have 150 million of $ in ETH, why would you not sell it immediately?
you have $$$ in your pocket and someday a donkey kicks you in the head so you decide to invest in an ICO (joking of course).
your only option is to buy ETH. so you do, ETH price goes up. you pay for the ICO and become a bag holder.
those receiving 150 mil $ want to get $ which route do you think they will take:
1. ETH > BTC (1st ~0.2% trading fee) > US (2nd ~0.2% trading fee)
2. ETH > USD (1 ~0.2% trading fee)
so they sell it and get the free $$ in their pocket. ez pz
31.
Post 19794467 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.13h):
But I thought $5,000 was a sure thing? Where are all the $20,000 BTC advocates?
If you are going to shit your pants any time Bitcoin experiences a 5-10% swing, maybe cryptocurrencies are not for you.
Yep. shitting your pants should require at least a 40% threshold, and possibly even more.
This days anything above 20-30% in less than 24 hours would be a "shitable" event. More so after all this years of stability and profits that probably have converted us into pussies.
hmm!
maybe you need to check some charts. the 20-30% dips are not new at all.
here are some examples:
-16% dip 2017-6-12
-19% dip 2017-5-25
-13% dip 2017-5-11
-27% dip 2017-3-10
-22% dip 2017-1-5
...
-9% dip yesterday!
and these are just 1 day dips . bitcoin has always been volatile like this, with stable times in between.
32.
Post 19795037 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.13h):
This days anything above 20-30% in less than 24 hours would be a "shitable" event.
...
That's only two in the 20-30% threshold... And those were somewhat shittable yep. Didn't remember them to be higher than 20% though.
The last one that that really scared me was last year when the Bitfinex hack hapened. Kraken reacted VERY sharply AND I was using margin.
Do you have a list of those dips or do you remember it all that accurately?
these are the biggest dips in the history of last year in 24 hours and yeah only 2 fall in the higher 20% range.
in more than 1 day the dips were sometimes bigger.
the bitfinex hack happened on 2016-8-2 and it was a 24% drop in one day.
33.
Post 20093997 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.13h):
it is real

back up about 1 hour and a half in this video and you will see it (it is not possible to give a time stamp since this is live)
https://www.youtube.com/watch?v=Ga3maNZ0x0wedit: it is already viral
http://www.cnbc.com/2017/07/12/someone-held-up-a-buy-bitcoin-sign-during-yellens-testimony-to-congress.htmledit 2:
i love that guy's face, it is less than a second and he knows he is being naughty


34.
Post 20172777 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.14h):
I think it's starting to sink in with some people that FrankenSegwit may not come out with sound code; and with it's planned Hardfork, come November, it's just kicking the can down the road a little for another major forking threat.
It has horrible code. One of the hardcoded seeds is basically an anti-privacy (chain analysis) company by Garzik.

Easy fix. All one has to do is download the source code, delete the offending seeds and compile yourself. Of course, the casual user probably isn't going to do that. I'm worried about the other code. Since I only have a rudimentary understanding of C++, I'm afraid it's way beyond my capability to do an analysis.

bitcoin 101 for newcomers (apparently):
1. you download your bitcoin node client and start it up
2. the node goes through a series of hard coded IP addresses to connect to one of them. these IP addresses are for reliable, always up, nodes (that is why they are hard coded anyways). you connect to one of them.
3. end of story. you are now connected to the bitcoin p2p network and receive the rest of the IP addresses from the nodes that you are connected to via a specific message.
1. when you open your node again. restart or whatever. your node has saved all the IP addresses of nodes that it successfully connected to before. now it has a bigger list.
where is this DNS thing you ask,
it is only a fallback method in case your node failed to connect to any of the nodes (hard coded IPs which are reliable nodes that are always up and responding) or your list of previously connected nodes. it connects to the next source to find IP addresses of the other nodes to connect to.
in other words the "casual user" will probably never even use them!

35.
Post 20179874 (copy this link) (by BrewMaster) (scraped on 2020-04-04_Sat_15.14h):
2. the node goes through a series of hard coded IP addresses to connect to one of them. these IP addresses are for reliable, always up, nodes (that is why they are hard coded anyways). you connect to one of them.
Official Bitcoin Core ... Solution :

2017-07-08 12:14:22 Loaded 58421 addresses from peers.dat 382ms
(i am not an expert but) it seems like this is not a solution this is how the client always worked. this seems to be the list of peers (nodes) that you have connected to so far. your node saves them after successful connection or when it receives the list from another node.
the solution is what bones said, you edit that part about Seeds out.
bitcoin 101 for newcomers (apparently):
1. you download your bitcoin node client and start it up
2. the node goes through a series of hard coded IP addresses to connect to one of them. these IP addresses are for reliable, always up, nodes (that is why they are hard coded anyways). you connect to one of them.
3. end of story. you are now connected to the bitcoin p2p network and receive the rest of the IP addresses from the nodes that you are connected to via a specific message.
1. when you open your node again. restart or whatever. your node has saved all the IP addresses of nodes that it successfully connected to before. now it has a bigger list.
where is this DNS thing you ask,
it is only a fallback method in case your node failed to connect to any of the nodes (hard coded IPs which are reliable nodes that are always up and responding) or your list of previously connected nodes. it connects to the next source to find IP addresses of the other nodes to connect to.
in other words the "casual user" will probably never even use them!

True, but for the extra paranoid, they are not bound to use any of DNS seeds as a failover. They can still download the source code for segwit2x, modify the DNS seeds any way as they see fit, and compile. Easy fix. Oh well, I don't run a full node anyway. I just use either Trezor's web interface or interface with Electrum. A full node is not really needed by me to access my 1.8 BTC.
the extra paranoid run their own code, they don't trust a downloaded code from anyone

like me "trying" to do it. i didn't even know these seeds existed! i just have the hard coded IPs hard coded in my own thing and connect to one without any trouble so far.