Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[tarmi]

this looked promising, but already out of steam near the long term resistance.

smells like a bulltrap indeed, waiting for a confirmation to dump.

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[itod]

What is that x60 faster thing any way? How does it effect the protocol?

Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB.  He noticed that the nodes  were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again.  That wasted time impacted the time needed to propagate a block from node to node.  He tweaked and hacked the code until he got that part of the code to run a lot faster, saving some memory too.  That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms.

Where can one find more info about this?

/r/bitcoin top post..

Thanks, I'm not following Reddit closely, most trolling friendly location on the interwebs.

You should. There is a tonne of valuable  info on /r/Bitcoin comments - if you can sieve out the trolls. just like here.

How do you sieve out the trolls on Reddit? There's no ignore button, and they upvote each other.

[inca]

this looked promising, but already out of steam near the long term resistance.

smells like a bulltrap indeed, waiting for a confirmation to dump.

we are waiting for confirmation you bought..

[KryptoFoo]

Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?

[LFC_Bitcoin]

Cheap coins gentlemen.
Don't miss the next bubble.

BUY BUY BUY

[inca]

Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?

More buying from the unleveraged.

edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol..

[LFC_Bitcoin]

Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?

More buying from the unleveraged.

edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol..

A lot of people were hoping for it.
It was never going to happen.

[Fatman3001]

http://www.resourceinvestor.com/2015/02/26/companies-slowly-warm-bitcoin

We would expect Bitcoin to stagnate some more before resuming the move down. This is our best bet at the moment. $200 (dashed red line) might be the level to observe as far as the next move to the downside is concerned.

Summing up, we think speculative short positions might be the way to go.

ouch, reamed.

I see it's from yesterday. Bad timing.

[inca]

Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?

More buying from the unleveraged.

edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol..

A lot of people were hoping for it.
It was never going to happen.

Well never say never But there are currently 23000 bitcoins which have to be bought back on just bitfinex exchange alone. The typical number of short contracts since finex began is between 5 and 10k. Even if we just head back to 15k you can see on the orderbook how far up that takes us when those coins are bought back during capitulation or liquidation purchases.

We haven't seen a squeeze yet.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?

If the price stays 250+ today and starts climbing again tomorrow, nerves are gonna get rattled.

[Fatman3001]

Shorts clearly don't believe in the move up: finex BTC swaps are back up to >23K, the same level as before the "breakout". What will it take to get them to cover?!?

More buying from the unleveraged.

edit: this is how a bear trend changes to bull trend, retail gets clipped over and over until they wise up..did you really think bitcoin was going to drop down to sub 100 dollar levels? lol..

A lot of people were hoping for it.
It was never going to happen.

Well never say never But there are currently 23000 bitcoins which have to be bought back on just bitfinex exchange alone. The typical number of short contracts since finex began is between 5 and 10k. Even if we just head back to 15k you can see on the orderbook how far up that takes us when those coins are bought back during capitulation or liquidation purchases.

We haven't seen a squeeze yet.

I dare not dream. But I have started looking at car ads again.

[YourMother]

The look on that bot´s face when he sees that nobody is following the pump. Priceless...

[razorramon]

and again we started into a pump weekend....i guess the next leg up is in the next 2 - 12 hours....

[NotLambchop]

Good morning, Bitcoiners
Thought you could sneak that devious little price pump past me?  Well you didn't!  Nothing gets by me!
Now how about you put that price back down where it belongs, Hmm?

[YourMother]

Right after my comment the price went up 3 dollars. LOL. Now it may be a pure coincidence, but i´m telling you, the ones that are pumping right now are committing suicide.

5th of March.

[Fatman3001]

BTC-E crossed 250

[LFC_Bitcoin]

Coindesk - 255 USD.

Next target 270.

[dakota neat]

dumpy time soon

[NotLambchop]

   Surrender, Bitcoiners!

     YOU CAN NOT WIN.