All posts made by matt4054 in Bitcointalk.org's Wall Observer thread
1.
Post 6262385 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_12.38h):
So what's the big deal with Western exchanges if China isn't driving it down this time?
2.
Post 6468976 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_12.41h):
FWIW I'm changing from HODL to BUY
3.
Post 7041198 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_12.48h):
BTC itīs finding resistence every 20 dollars... Before at 550, 570, 590 and now at 610. But this is healty, cause if it raise without control, it will fall without control. But now the market itīs testing the limits and gaining new floors so it can jump higher.
+1
This one may be slower but it will be solid
4.
Post 7235056 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_12.51h):
Going steady at 650, how long will this last before the next wave?
Still a good time to buy IMHO
5.
Post 7239285 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_12.51h):
Most of the hashrate at GHash.io is external. If they play evil, they will massively lose hash power.
Bitcoin is heavily resilient, there's no need to worry all that much.
6.
Post 8671567 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_13.10h):
WTF is this panic buy about
7.
Post 8978795 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_13.16h):
We're definitely going 3xx again
8.
Post 9083888 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_13.19h):
Why do all these trades look like rats leaving a sinking ship
9.
Post 9537030 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_13.31h):
These pump and dumps are beyond my understanding again. Oh never mind I guess.
10.
Post 9537120 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_13.31h):
I look at the graph and tell myself
So much blood. So many dead soldiers on the field
A moment of silence for our fallen brothers and a big FU to early adopters for not realising the minnows they are ripping off are the very people they need on board to get really rich.
Yes, exactly, remember that trading is a zero-sum game.
I would have thought that all that blood would stop the roller coaster but apparently I was wrong. Or not yet.
11.
Post 10003467 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_13.42h):
Happy new year to all bulls, bears and trolls. And a prosperous new year to everyone, in your health, wealth, and relationships!
+1, and this time my prediction (or wish maybe) for 2015 will be slow but steady increase in price, less volatility.
12.
Post 10029445 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_13.43h):
That was "crash down and make a new all time recent low" for >40% right?
13.
Post 10135995 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_13.47h):
Wow wow wow... no resistance here
14.
Post 10319843 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_13.55h):
So, looks like 230 is the new way to go? How long before the roller coaster rides again
15.
Post 10635935 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.01h):
16.
Post 11349184 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.14h):
So 2015 seems to be by far the most boring year to date...
What's your forecast for end of year 2015 ?
17.
Post 11571936 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.17h):
short term is:
[ ] bullish as fuck
[ ] bullish
[ ] bearish
[ ] bearish as fuck
[✓] boring as fuck
18.
Post 12862924 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.30h):
Bitcoin hits 360 again and I become a legendary as of today.
Yay \o/
19.
Post 13196940 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.36h):
Hmmm the trolling level on this topic seems to have escalated quickly
20.
Post 13243213 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.37h):
Why is 500 suddenly on the cards? I am still seeing 430s.
What am I missing?
The rising difficulty and the sustained growth in real-world transactions/use.
The long term trend is definitely positive. We shouldn't see exponential growth like before but linear, sustained growth makes perfect sense to match the market with real world growth.
21.
Post 15003708 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.51h):
We're going to see $600 in June for sure. Good news
22.
Post 15004067 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.51h):
I'm selling nothing.
I'll ride this baby back down to the 430's, but there's no way I am missing the potential ride up.
That's the exact opposite of what everybody else is DOING
But if that is your strategy nice to see someone going against the grain on this one.
Trading is a zero-sum game (except when Willy is at work...
)
23.
Post 15178617 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.52h):
We're going to see $600 in June for sure. Good news
Sometimes I just feel like quoting myself. Sorry about this
24.
Post 15222578 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.53h):
700 is coming back this week for sure.
Hey guys, it's summer again, so just smile
25.
Post 15226481 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.53h):
The blockchain is
seriously overloaded right now, transactions are experiencing huge delays:
(this is from my live charts at
http://www.bitcoinqueue.com)
I believe this has also a bad impact on trading (i.e. too slow from and to exchanges).
So, what do you think, faster adoption of new protocol and/or higher block size?
26.
Post 15226915 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.53h):
^^ Sometimes a picture says more than a thousand words.
Nice website Matt!
Thanks -- I'll make sure to keep my thread posted about updates in the next few days
27.
Post 15227133 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.53h):
Traders probably need to assess the new market rules before we see any major move beyond 700, but it might take shorter than I thought. Obviously it's all coming from China, but there's nothing much new here...
28.
Post 15227458 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.53h):
How will we know if the correction has ended or not ?
Well see what happened after 1-2 hour when china waking up..
Does China ever sleep anyway?
29.
Post 15228279 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.53h):
Meanwhile, the queue has cleared up...
(
http://www.bitcoinqueue.com/ sorry for the mess on the charts, blockchain.info which feeds tx was down for a while)
30.
Post 15241408 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.53h):
Uh, this guy is legendary and has been here for five years and he asks a question like that? Maybe a mining rack fell over and landed on his head in the meantime.
A whole mining rack doesn't bring much these days, it should be at least with S9s then
31.
Post 15281292 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.53h):
If it continued shooting up without a sideways period it wouldn't be sustainable. There are steps all the way up to here on the charts, and I hope we are on the sideways part of another step up. New fiat from the banks could push the price up another step next week.
Agreed. Consolidation and profit-taking are natural after every leg up. It's just that the process can take longer with different steps. Just when you might think you've found a rhythm, it changes.
There was a time when people here talked about a standard weekend price drop after a week of rises. More recently it's been weekend rallies and weekday consolidation. This past week threw us a curveball and with a midweek rally and weekend consolidation (so far).
Lots of luck trying to predict it accurately.
+1 to both of you, it's all about sustainability.
Those who were already there in 2013 (and 2011...) aren't waiting for a new Willy, they are expecting sustainable, reality-based growth.
32.
Post 15286174 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.53h):
With almost 14M views, this topic will soon have more views than the number of
BTC in circulation
33.
Post 15418974 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.54h):
Keep calm and hodl on.
Sustaining 630 after the rush in the last two weeks is not bad at all IMO.
34.
Post 15423936 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.54h):
Who else is tired of this 630 bullshit? We need 680 in the next 24h
So, here we are. What now?
35.
Post 16301506 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.57h):
People are getting bored and posting is down to a minimum. There's talk of death and the usual trolling.
Indeed as I was checking last replies to my post and hadn't returned for a long time, not seeing this topic within the top 5 got me wondering if it had been deleted, locked or whatever. Now I see it's just boredom. Time for action, I guess, as you said
36.
Post 16691298 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.58h):
I sent a transaction like 2 hours ago and it still hasn't confirmed. What the fuck is going on? Blocks are full, I know but the last block was .75 MB
This is basically what's going on, and it doesn't look good for the future panic buys
https://www.bitcoinqueue.com/details/2d.html
37.
Post 16692028 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.58h):
Maybe there is a certain amount of opportunism pumping going on?
If there is a bit of locking out of folks, and inability to anticipate or to get "in" for a pump, then the pumpers can feel a bit of pleasure in locking folks out of the pump, and then get the price to a point in which they can dump onto folks? Is that price point mid to upper $700s?
If this does not play out well, then the pumpers (manipulators) could lose control over the situation if it gets into the mid $800s. I am of the theory that manipulation does exist; however, not even the manipulators have perfect information or are able to completely control price directions... but they are in a decent position to take advantage of situations as they present themselves and maybe even to manipulate within those newly evolving parameters (more quickly than the regular guy).
There is definitely some opportunism (and optimism) in the process, but you can't fake the long term trend (I'm speaking 2 years here). Bitcoin is scarce by design, and that is the precise reason why it is superior or at least a necessary alternative to central banks, when the latter have been seen handing out money (and printing it in volumes) over the last few years.
38.
Post 16854103 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_14.58h):
Chill out, it's just the Trump effect fading away
39.
Post 17676819 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.02h):
its time we face the music, we must split the blockchain, its the only way, there can be no consensus, we must agree to disagree, and part ways amicably.
So, what are you waiting for?
40.
Post 17676896 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.02h):
its time we face the music, we must split the blockchain, its the only way, there can be no consensus, we must agree to disagree, and part ways amicably.
So, what are you waiting for?
the fork.
Then make it happen by following your candidate, and let everyone happily do so.
You can even support both candidates if you feel like it, unlike in an election. How cool is that?
41.
Post 17710949 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.03h):
This ONE-THOUSAND must be our new floor.
Obviously it is, and IMHO it is here to stay for a while.
42.
Post 17920806 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.03h):
Well well well. Looks like another leg up. Just checked in to see I missed it by minutes.
$1100USD soon?
You mean for the third time around, and this time for good, right?
43.
Post 18041040 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.04h):
this is February 2013 amirite?
Did they turn on the new Willy already?
44.
Post 18996095 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.09h):
This is a once-every-4-years rally. Those don't splutter out at a mere multiple of 2.
Well, it could be argued that Willy is not there this time and that +100% in 3 months means massively overbought for a market where organic growth is pretty much limited to cryptolocker losers
I guess only time will tell.
HODL remains a valid strategy, of course. But nothing wrong about shorting a little bit while the fever is still there.
45.
Post 18996145 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.09h):
organic growth is pretty much limited to cryptolocker losers
localbitcoins does not lie. demand is up however you wanna look at it even if a bunch of it is down to alt fever.
that still doesn't mean we won't head back to 11/1200 with ease.
Okay that was a little bit trollish. But if you're up for a sensible debate, how would you explain that new demand over the last 90 days?
46.
Post 19346445 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.11h):
So what's the new top gonna be this time?
47.
Post 20516263 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.15h):
Anyone having transaction problems? I bumped a transfer with a $8 fee 4 hours ago and it still hasn't gone through. I did this because it had been waiting for 11 hours with a normal fee.
Don't forget that it's the fees/byte ratio, not the absolute fee, that matters here. So I would check the total size of your tx to learn more. If it uses hundreds of inputs, chances are you will have to spend even more to get it through.
The mempool is currently almost empty:
$ bitcoin-cli getmempoolinfo
{
"size": 5387,
"bytes": 7325274,
"usage": 16250208,
"maxmempool": 300000000,
"mempoolminfee": 0.00000000
}
So there must be some specific problem / delay with your tx.
Another typical reason is if your tx uses unconfirmed inputs.
48.
Post 20525027 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.15h):
I thought that this thing was supposed to go at noon UTC and not midnight UTC? What am I missing? 12 hours earlier than expected?
UASF (BIP 148) should activate within a few minutes as the chain median time reaches midnight UTC.
UAHF ("Bitcoin Cash") will activate when median time hits 12:20 UTC.
https://www.btcforkmonitor.info/
49.
Post 20525408 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.15h):
Confusing because I thought that BIP148 was a non-issue and that BIP91 pretty much nullified BIP148 because it accomplishes the same objectives that are outlined in BIP148 and even BIP148 has language to the effect that it is nullified if segwit BIP141 is in the process of locking in or maybe it has to be locked in for BIP148 to be nullified?
It is very confusing indeed. Here is my understanding, but I might be wrong, feel free to correct me.
UASF (BIP148) is logically redundant because of BIP91, which share the same SegWit (BIP141) implementation, but with a different activation time: as I'm writing this, there are still 1325 blocks remaining before BIP141 is expected to lock in, while BIP148 starts just about now. But using SegWit before BIP141 activates would be silly because SegWit requires "protection" from network consensus made for SegWit (sorry for the massive oversimplification), and there are not enough BIP148 nodes on the network to offer this.
50.
Post 20525902 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.15h):
Thank you for your reply, so essentially they are trading something that isn't even here yet! Maybe something like futures? Wow, what happens if the split does not really take place? or is the split imminent... sorry for the n00b questions, but this is all so confusing!
Hilarity ensues, I guess?
Seriously, the fork is likely to happen. The value of the forked coin (Cash) is mostly unknown. So is the behavior of the new untested chain, to a certain extent at least. Yes, things might go wrong.
51.
Post 20526734 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.15h):
Unsurprisingly, the mempool has run so dry it's actually impressive
$ bitcoin-cli getmempoolinfo
{
"size": 160,
"bytes": 570044,
"usage": 1013008,
"maxmempool": 300000000,
"mempoolminfee": 0.00000000
}
I guess a few more blocks and they won't even be anywhere near 1 MB
52.
Post 20527132 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.15h):
Of course, the accelerated difficulty adjustment will keep ratcheting down 20% every 12 hours, until it is minable by GPU. If it makes ya feel any better, if it goes that long, I'll mine the first damned fork block. I've still got one of those USB FPGA hashing dongles around here somewhere...
Nah, I'll beat you to it!
Fun fact: the one on the top has cost me 50 BTC directly from friedcat, RIP
53.
Post 20537395 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.15h):
I don't really get why the new blocks aren't being accepted by the BCC chain, but they aren't.
Because UAHF *mandates* a >1MB block after mean chain time is past Aug 1, 12:20 UTC, which is now past.
This is a sort of BCash chain special "milestone" marker block, then blocks on top of it are allowed to be <1MB again
54.
Post 20830743 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.17h):
Great Scott! 5k seems underestimated for the end of the year by now. That's flabbergasting.
Anyone dares to short Bitcoin right now?
55.
Post 20834010 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.17h):
If the post-correction price stays above $4k, let's all celebrate this by buying tulip bulbs for next spring... with fiat of course
56.
Post 20835259 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.17h):
Has anyone else experienced buy or sell orders placed on Bitstamp that you didn't place?
I've had it twice now for sure and I'm positive I didn't place them unless I'm misunderstanding how it works. The most recent one I bought using the buy button on the tradeview with "add if order". Then I checked my account and it indeed did buy in 4 transactions. I then wanted to close another open order and noticed there were 4 separate sell orders placed 80$ above where I had just bought for the same amounts that I'm sure I didn't place even by accident.
What gives?
I'm using Stamp since 2013 and I never experienced such a thing. My immediate thoughts:
- Check for API keys on your account and revoke every one of them, if any,
- Open a support ticket with references to the orders you didn't place
57.
Post 20835656 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.17h):
The jul 17 dump from 2700 to 1840 was a panic dump. Long term sharks did not dump then. So prepare for it. Its my only opinion so getting in now its not a good idea.
I kind of agree with the hard bottom being around 2k, however, panic has to set in one way or another before we test it again. July 17 was driven by (irrational, but that's not the point in a speculative market) hardfork fears, but by the time the fear mongers manage to do this again, the bottom might just has well have moved towards 3k, 4k or whatever
58.
Post 20836301 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.17h):
Yea the real Bitcoin, BCC, not segwit coin
What's with trolls and their real/fake claims all over the place? Semantics bullshit...
Reminds me of those presidents who need to remind how "real" they are in their Twitter account names...
59.
Post 21425826 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.19h):
This time it's going steady peasy to the moon... looks like the entire planet is hungry for
BTC
60.
Post 22729500 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.22h):
End of October @ $4,500-$5,000 confirmed
61.
Post 23594412 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.24h):
It won't reach the bottom until we see Chuck Norris selling some shitcoin in an infomercial at 3am on channel 743...
62.
Post 24463258 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.26h):
Buying at $7.5k is not even an issue. It's probably going over $10k by the end of the year, or some time in 2018. Nowadays it's actually much easier to make a huge profit in the long run than a quick profit by day trading...
As for the fees, Segwit2x will probably be a required fork for the "mainstream" Bitcoin, since Segwit alone failed to address the problem in the short term.
63.
Post 25614531 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.30h):
I know Bitmain controls a good portion of BTC mining too. At least Slush Pool 13.9% and F2Pool 11.81% keep him in check. I wonder what happened with Bitfury. That 2.78% is really paltry.
In terms of absolute hashrate, 2.78% of current hashrate is still a big deal for BitFury. I guess it's hard to keep up with BITMAIN and other Chinese factories. The race has shifted from PCB design to the design of the ASIC itself to minimize its power consumption.
64.
Post 25940873 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.31h):
The poll looks kind of ridiculous right now
65.
Post 26201096 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.32h):
Thank you for updating the poll to sensible numbers, and get ready for $25k on New Year's Eve
And in my opinion this stuff is just taking off, I can't imagine the number of digits when your average grandpa wants to get his own ₿ into the bank: his own, or maybe his son's
Ethereum has gone wild too, and there's room for 4-digits figure here.
66.
Post 26742387 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.34h):
Kraken over $2000 below other exchanges... Why is no bot jumping in? Also the first plateau. Back up soon!
Wait for it...
67.
Post 28928886 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.40h):
They have been asking me for sources of daily info on bitcoin because they want to invest in bitcoin when it goes live on robinhood in February.
So newcomers would better save like 0.25% fees and buy from some unestablished exchange rather than going with a reputable one, i.e. trading since 5+ years? I don't get it. But yeah, I'm Swiss, so you know...
68.
Post 28930119 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.40h):
1. No fees
2. "I can trade between stocks and crypto without transferring funds."
*Edit - they already have robinhood accounts for stocks.
Hmm, ok, insightful. Well at least that kind of makes sense. Looks like convenience is underrated sometimes
69.
Post 31068558 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_15.46h):
Any attempt to replace PoW so far has resulted in things like "Bitcoin Gold" or worse... Alternatives are just that, alts that will compete within the crypto landscape. But Bitcoin is to stay SHA-256d PoW as far as I can see it going.
70.
Post 43030848 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_16.03h):
Wow, haven't been here in a while, crypto prices have been boring AF and everything dormant, now I take a quick look at the price speculation thread and it's all about Stalin, the killing of the Jews, with a twist of religion. Priceless!
71.
Post 53813131 (copy this link) (by matt4054) (scraped on 2020-04-04_Sat_17.15h):
On the bright side, with two nodes a 51% attack is not possible.
How would having 2 nodes make an attack impossible?
