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1861  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 26, 2016, 07:44:33 PM
Am not an expert on "animals whos smell of burning flesh satisfies a deity", but could you sacrifice bears instead?  Smiley

Satan is pleased with your suggestion. May his dark blessings be bestowed upon ye. Cool
1862  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 26, 2016, 10:18:27 AM
I wonder if all exchanges will consolidate on $666.

Looks like Bitfinex doesn't want to touch it while Bitstamp is slowly moving toward it.

I'm sacrificing lambs on the pentagram as we speak.  Lips sealed
1863  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 22, 2016, 03:10:15 PM

Interesting fact about Ayoade is that he claims to be computer illiterate  Shocked

edit: and in other news, UP, UP, UP!
1864  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 22, 2016, 03:06:04 PM
Yesterday, about 18 hours ago, I did a BTC buying transaction of about 3.5 BTC on the chain.  That was around the peak of the mempool backup.

The guy selling the 3.5 BTC to me was using Mycelium and I was using the Blockchain.info wallet.  I use my local bitcoins advert to establish our agreed to buying price, and the Localbitcoins website gave a warning that  "due to an ongoing attack on the network"  transactions may take more than 3 hours to go through (even though they will show up immediately as "pending").  

Since I had already done several transaction with the guy selling me the 3.5 coins, I felt that the likely delay in confirmation was not a major risk problem for me in terms of the likelihood that he would attempt to pull shenanigans on me, such as attempting a double spend.

He used a fee of about .00015BTC (about $.095 - which is almost 10 cents), and the transaction took 83 minutes for the first confirmation.  I did not watch the transaction, so I am not sure how long it took for the next 2 confirmations and for the coins to become available for my usage.  Usually the first confirmation takes the longest, and the second two confirmations will usually go through within less than 30 minutes from the time of the first confirmation.

Is that an off-site transaction to avoid fees? Normally the seller has to have funds in his escrow wallet before he can place an ad. The transfer would then be internally on LBC's side, and it would be the withdrawal to your own personal wallet that would be delayed.
1865  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: October 19, 2016, 09:55:46 PM
Q: How does an Eth developer eat a meal?
A: With three forks.
1866  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 18, 2016, 11:03:53 AM
Make that 4-6k

Cheesy

Another bubble seems like the likeliest outcome for me too.  Patience will be a necessary provision for the journey however.
1867  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: October 17, 2016, 09:40:38 PM

I'd like to see a healthier order book, though no doubt the whales will flock in after the fork and pump it up to 7k BTC to ignite fomo...
1868  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 17, 2016, 09:03:48 PM
Look the market cap is completely insane IMHO! That doesn't mean it can't go past a 100billion market cap...
Crazier things have happened...jay of course does not deserve a response

Cheers bitcoinland

I see this as a continuation of the bull trend. I take my inspiration here from the rare earth metals, which share characteristics in common with Bitcoin. Tops are nearly always mania spikes. The rally to 780 could have fit this description after the drop to 460, but this recovery invalidates that pattern. Next stop is 1000 imho.
1869  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ on: October 16, 2016, 02:32:29 PM
I spoke to one of the guys on a first name basis, ...  

Yeah, what was it, Gandalf?  Roll Eyes
1870  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 16, 2016, 02:14:21 PM
I'm waiting for the bottom to fall out...

Don't wait. If you start Kegel exercises now, you can probably prevent the outpouching. Tongue
1871  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ on: October 12, 2016, 08:28:18 AM
Nono. Its a legit coin with a more then legit purpose. This is what happens after long times of bottoming out.

Yeah, it's so legit that there hasn't been a single contribution to its code base in over a year.
1872  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2016, 08:13:18 PM
Tantalizingly close to a 100% retrace of the Finex dump in the Chinese markets now. Retardo-whale who sold down to 575 can send forth a big, blue cry.
1873  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2016, 06:31:14 PM
the only thing the sec is consideing is the exchange rule change.

that's totally separate to approving the actual etf. that might be several years or never even if the rule change goes through.

But the rule change basically opens the door for the ETF in such a way that they don't have to go through the several years long process. It essentially lets them piggyback on other structures by changing the rule to include cryptocurrency.

This is my understanding too. The rule change green lights the ETF as an exchange-traded note. They don't need any other form of approval from the SEC to get listed.
1874  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 07, 2016, 05:02:43 PM
$616 is coming in as around 497 GBP. We haven't been over 500 USD for quite a while now. Breaking 500 GBP could give British investors a kick up the ass.......maybe

Been pretty sweet seeing over 500 on LBC again. Not that far off the highs from June now.
1875  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 07, 2016, 10:55:17 AM
it has been about 45-60 days, and there is no volatility . this is good for the future of bitcoin but also this is so boring.

Maybe you should trade GBP instead? Tongue
1876  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 02, 2016, 10:01:35 PM
im thinkin if this is true we may well read about it in the papers unless he's smart and keeps
his mouth shut. im sure mr tax man would be very interested indeed.

I would think if he's smart he'd declare it in his tax return, otherwise he's going to incur some difficulty in actually trying to spend that money, if indeed the deposit of a million pounds into his bank account doesn't automatically flag it to HMRC (it'll certainly get flagged under AML).
1877  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 02, 2016, 09:56:01 PM
how do you get a desktop drive into a laptop?

With lubrication.

Alternatively, I guess it could've been a 2.5" HDD or an SSD. Tongue
1878  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 02, 2016, 08:31:16 AM

That would be pretty funny if true. The dump certainly had the hallmarks of a total n00b. Somebody should check if there's been a large sum of old, unspent coins that moved recently.
1879  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 02, 2016, 05:44:05 AM
Someone at Finex just shit the bed.

No kidding - 3000 BTC market sell. Maybe it's Manbearwhale or something  Tongue
1880  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 01, 2016, 04:28:36 PM
Over all these years, we should be at 100m users:

Seven short years does not 100m users make. Be patient and give the game time to develop.
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