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41  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2018, 05:34:24 PM
This is reminding me of the $800 phase in early 2014. I'd prefer a violent plunge to rip everyone's baby blue panties to shreds and then we can get down to business.

I think we've pretty much hit the bottom. For those who bought at 18k, expecting to get rich quick, a drop to 9k is more than enough shock to shake those people off.

Transaction costs are also no longer an issue, and speed is up. FUD is down too, since South Korea just added some regulations. We just had over 50% correction. A larger correction makes no sense since the run-up was nowhere near as sudden as back in 2013.

Just scooped up some more BTCs near 10k. Have a bit left in reserve to buy if it drops to ~8k.

True that the FUD news are starting to fade away.
I see more and more bullish articles on google news : samsung starting to create ASIC hardware, lightning network newcomers (just look at google trend https://trends.google.com/trends/explore?q=lightning%20network ), the guy who was robbed and forced to give his bitcoins (feel sorry for him but maybe the average dude will see this and think "oh so that bitcoin thing is actually valuable"), etc...

I don't see why the price would continue to drop.
Plus, mluc called bottom at 9k max and then an increase to 40k-110k by the end of 2018 so, hey. Hodl.




lol.

Where on earth does Masterluc grace his predictions?
42  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2018, 05:26:14 PM
Could anybody please help me find a decent ASK/BID SUM visualizer for STAMP/GDAX/BFX in like chart timelines overlay or any?
43  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2018, 05:22:40 PM
I was blown away yesterday when I opened my Electrum wallet and wanted to send BTC to some family members as part of a Chiristmas gift.  The idea was to send my $100 dollar gifts with low fees so that I would not be giving much of my gifting to the miners.  To my surprise the lowest calculated fee on the wallet was equivalent to 191 sat/b while the mempool was chugging away at 20-30 sat/b.  So I clicked the manual fees option and sent the transaction at 40 sat/b.  Today (a few hours later) I went back to my wallet and clicked automatic (dynamic) fee calculation and the calculated fees had dropped to a correct levels like 5 to 50 sat/b.  Then I took a look at the Bitcoin fees page https://bitcoinfees.earn.com/ and realized that still many people are sending transactions with huge fees while others have scaled fees somewhat appropriately.  

I am shocked at the variability of how much money the miners are charging for processing the transactions.  My transactions are small so typically 226 bytes is a good average size, today I can send transactions for 10 sat/b or 226sat x 10sat/byte / 100000000 = 0.0000226  BTC ($0.24) and there are people who are still paying 300 sat/byte or 30 times more 0.0000226 * 300/10 = 0.000678 BTC or ($7.48).  And then you can see on the fees transaction page ( https://bitcoinfees.earn.com/ ) that the bulk of the transactions are centered around 191 to 200 sat/byte; and that is the shocking part.  This means that most of the wallets used are still stuck around the 191 to 200 sat/byte and not adjusting the fees dynamically like I noticed yesterday.

My conclusion:  The miners have influenced the wallet generators to keep transactions very expensive so they can profit more.  Electrum wallet fees will remain very high unless you switch to manual fees and send some cheap transactions, then the automatic fee calculation will kick in when you go back from manual to automatic fee calculation.  This change in automatic fee calculation did not happen immediately so be careful if you want to send some cheap transactions that the fees are adjusted properly and probably better to configure the fees manually.

I am on the belief that the spammers have finally realized that it is not to their advantage to keep spamming the mempool and hurting Bitcoins ability to send money cheap!  It will be very interesting to see what the future holds for Bitcoins when lightning fast transactions and smart contracts are activated on the network.

eidt: Also noticed that the fee transaction page still says:

"Which fee should I use?
The fastest and cheapest transaction fee is currently 170 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 38,420 satoshis."

False information again to benefit the miners!!!!

My BS speculation skills at work:
Why the spike at the end? Doesn't look like spam? OR maybe it is.
Too chaep TX fee for miners, smaller scale SPAM?
Or People woke up and suddenly felt the urge to move coins? Crash anticipation?

Realistic:
I do agree that the wallets don't seem to be helping the TX fee cause.
Higher TX fee >> faster TX confirmation>> Lesser TX wait times>> Happier Wallet end-users.
I believe Wallets have a built in bias towards higher fee.

44  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 28, 2018, 02:32:23 PM
Its not about bitfinex, its about tether. Count the number of exchanges with real! USD support - Coinbase, Bitstamp, Gemini and Kraken - thats it.
Now imagine "the market" realizes that there are 2.2Billion worthless "USD" in the system, which where used to pump up the price from 1k$ to 20k$.
Somebody will be the bagholder for those 2.2Billion.

Even in the worst case scenario, where bitfinex was printing money out of thin air and giving this vapor tokens to btc sellers, bitfinex still has the btc - which obviously cost more right now.

I mean if you sold btc at 2000$ for 2000 USDT "bitfinex-vapor-tokens", bitfinex still has these btc and it has given them 6x in profits @12k.

Same for those selling at 3000, 4000, 5000, 7000, 9000, etc - always giving bitfinex serious profits, while people were exchanging their btcs for vapor-tokens, and these BTC now can cover multiple times the USDT balance. Right?


Basically an audit would prove the current solvency in the above case, but would also prove the vapour token theory, not very helpful.. loss of trust.
I believe this is the reason the audit hasn't happened.
45  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2018, 04:10:26 PM
https://medium.com/@bitfinexed/bitfinex-fails-to-perform-promised-audits-instead-they-have-a-shareholder-tell-everyone-its-all-965ae7037b5d
https://twitter.com/tetherprinter

This is bad.. I was really hoping they'd let an audit happen to prove their books were good.
As each day passes i really think they cooked their books using Tether.
Rather than mandating KYC maybe the govt should mandate audits on the exchanges.
46  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2018, 08:28:01 AM


Kind of looks like market right now.
<8k & 12-14 k & >18k all at the same sentiment.
47  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2018, 08:08:09 AM
Does anybody know a good Bid/ask sum&spread comparison charts?
Bitcoinity seems too coarse
48  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2018, 06:31:44 AM
Mempool : Hope they don't keep this up.
Corellation with upcoming volatility?
49  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2018, 05:58:49 AM
This is clearly a scam - zero commission? Yeah right. I guarantee you that they will front-run your order.



They are only doing BTC and ETH atm. With the size of the average Robinhood account being under $1000, I donít think front running will do much good.

I donít use Robinhood but I get the impression they are more reputable than Coinbase. 

Ive been following them for quite some time.  Cut out the storefronts reduce overhead , their tech driven to keep commissions zero.
Helps people with lower income get into trading.
Reputable than coinbase i guess.
50  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 05:55:43 PM
The chart title does not reflect the intention. It's not a for a short.
Its 8.5k not 8-5k as in the  url:
I understand we might form support here and lift off.
Im holding since 9k.
Have buy orders all the way down, in case it heads that direction.

I do have very few 500$ coins from 2013. My original a/c in my sig. was hacked.

51  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 05:15:37 PM
52  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 05:27:00 PM
Short Term Trend
Target:~8.5k


Even the upcoming short squeeze can stay within this trend.~15k
53  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 05:00:52 AM
Good job Boblawblaw !!!... It went under 10.500$ ... I hope your order got filled 100% !!! Cheesy Cheesy

No siree. Will leave my order @ $12.5k in place and see what happens over the next 48 hours.

Depends on the exchange i guess 12.0 on CEX maybe.
54  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2018, 07:50:25 PM
https://stripe.com/blog/ending-bitcoin-support

https://www.coindesk.com/microsoft-hyperledger-un-join-blockchain-identity-initiative/
55  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2018, 05:58:33 PM

Mempool has been having a good run lately.
https://dedi.jochen-hoenicke.de/queue/#2w
56  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2018, 05:39:04 PM
Offtopic:
https://bitcointalk.org/index.php?topic=2559585
I really miss my original account. ^^^
Somehow the guy managed to change the email address, the reset emails don't come to me..
I do have an post on the forum where BTC was transferred to my wallet.  But it was an exchange wallet. No private keys to prove ownership. I gave up trying to get it back.
57  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2018, 05:30:48 PM
Is the current rise due to the double bottom?

You said double bottom



lol..

I mean the Bitfinex Spoofer.
Caution.
58  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2018, 05:27:00 PM
Is the current rise due to the double bottom?

You said double bottom



lol..
59  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2018, 05:19:38 PM
Is the current rise due to the double bottom?
60  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 06:14:33 PM
Does anybody remember chartbuddy..?
used to post walls from mtgox on a timer.
Would serve as a reminder to keep the conversation on topic..
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