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

[klee]

A shit load of hidden buy walls there... 10k volume ad the price is down only for 4$.

Curious to see if they are margin called how they will hide again 

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[spiderbrain]

A shit load of hidden buy walls there... 10k volume ad the price is down only for 4$.

There's almost no point in trying to make sense of the visible wall on Bitstamp these days. At least, that's how it seems to me.

[AirFlame]

A shit load of hidden buy walls there... 10k volume ad the price is down only for 4$.

There's almost no point in trying to make sense of the visible wall on Bitstamp these days. At least, that's how it seems to me.

Agree 10000%

[lebing]

OK finally...

Why did the market wait a whole week to dump 10K coins for 3 dollar discount?

 

Is this it? Or will we dump another 10k and get our $255 coin?

because the fork is actually happening now. This isnt going to be good for the price.

[cyclotronmajesty]

OK finally...

Why did the market wait a whole week to dump 10K coins for 3 dollar discount?

 

Is this it? Or will we dump another 10k and get our $255 coin?

because the fork is actually happening now. This isnt going to be good for the price.

As I understand it the fork is a very slow process.

[lebing]

OK finally...

Why did the market wait a whole week to dump 10K coins for 3 dollar discount?

 

Is this it? Or will we dump another 10k and get our $255 coin?

because the fork is actually happening now. This isnt going to be good for the price.

As I understand it the fork is a very slow process.

It is until it isnt. The writing is on the wall now. I am of the opinion this is going to be very bad for bitcoin.

[AirFlame]

I was talking for finex... Look at the volume. 
Stamp doesn't enable traders to put hidden walls.

Finex, stamp, btc-e and others same shit. Like i told You before dont observe walls...

[ChartBuddy]

Coin
Explanation

[cyclotronmajesty]

OK finally...

Why did the market wait a whole week to dump 10K coins for 3 dollar discount?

 

Is this it? Or will we dump another 10k and get our $255 coin?

because the fork is actually happening now. This isnt going to be good for the price.

As I understand it the fork is a very slow process.

It is until it isnt. The writing is on the wall now. I am of the opinion this is going to be very bad for bitcoin.

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?
The whole concept of a fork makes no sense to me.
But I do think people dost protest too much about it.
Exchanges may have to do all the sorting out of the account books, all the burden will actually rest on them.

I guess you could do a one time switch to XT if you desire.

... but then isn't Gavin trying to get people to change the blocksize on the regular bitcoin?

I actually think they should go ahead with the fork. And stop worrying about who is in control.

[cyclotronmajesty]

Looks like the bounce is activated. 

[billyjoeallen]

put in a 30 coin long at $258. I think everyone was expecting $255 or lower. We still might get it, so that's why it's only 30 BTC. But I think the dumper underestimated support. We'll see.

10K coins to move 5 bucks.  Got yer coins, Bitches.

[marcus_of_augustus]

... kind of sad seeing some of the herd get spooked into the banksters XT fork trap but Hearn has been a divisive sociopath from the day he showed up, so expelling him might be the upside to the inevitable costs of the mess him and Andresen are now intent on creating

[mmortal03]

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?
The whole concept of a fork makes no sense to me.
But I do think people dost protest too much about it.
Exchanges may have to do all the sorting out of the account books, all the burden will actually rest on them.

I guess you could do a one time switch to XT if you desire.

... but then isn't Gavin trying to get people to change the blocksize on the regular bitcoin?

I actually think they should go ahead with the fork. And stop worrying about who is in control.

If Bitcoin XT gets to be enough of the majority, as specified, and larger blocks begin to be mined, you won't have to do anything special with your bitcoins, as Bitcoin XT will have taken the place of Bitcoin, and you'll still be spending those very same bitcoins on the majority network.

[BitThink]

OK finally...

Why did the market wait a whole week to dump 10K coins for 3 dollar discount?

 

Is this it? Or will we dump another 10k and get our $255 coin?

because the fork is actually happening now. This isnt going to be good for the price.

As I understand it the fork is a very slow process.

It is until it isnt. The writing is on the wall now. I am of the opinion this is going to be very bad for bitcoin.

This fork only makes difference when majority (75%) miners have switched to the new fork. Actually, since everyone can see the progress in the blockchain, once it is close to 75%, most of miners and nodes will switch already. So in my opinion, there will be no noticeable fork happen at all.

[ChartBuddy]

Coin
Explanation

[runam0k]

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?

You need not do anything until the actual fork i.e. once 75% of miners are using XT. At that point, QT is unlikely to recover; miners will quickly switch to mining the longest chain (XT).

For regular users running Bitcoin software (i.e. a node), there's really no reason not to switch to XT (except as a not-taken-into-account protest vote). If XT wins, you'll be on XT. If XT doesn't achieve 75% or miner support, nothing changes.

[BldSwtTrs]

I have been thinking about the mail from the nickname Satoshi Nakamoto, whoerever it is. His argument is not about the technical side of the debate but about politics and long term future.

I think people need to talk less about the technical implications and more about the political implications of this fork.
 
The argument of this guys is that is the XT fork is sucessful, that means that in the future someone with enough political influence can make a forked suceeded. That means that one days the President of the United States, who definitly has enough political influence, will be able to push a succesful fork. And we all know what that would mean: no more 21 millions limit. We will be back to central banking.

[JorgeStolfi]

But the 101 proposal of doubling every couple years is pure insanity.

This is not just a ledger that might exist on a few select locations around the world. This is a ledger that should exist on every computer around the world. The best security or guarantee of authentic transactions is when as many as possible can hold and parse the full Blockchain. This will not happen if you just double by arbitrary rule instead of calculated increases decided by need.

I think that doubling every two years is silly, because it is ridiculously optimistic.

But note that what will increase is the block size LIMIT, not the block SIZE (although the small-blockians always say the latter).  

The block SIZE will just continue to grow (or not) gradually, proportionally to the traffic.  Right now the numbers are ~450 kB and ~120'000 tx/day.  The traffic doubled in the past 12 months, from 60'000 tx/day, growing almost constantly at 5000 tx/day per month.  

The traffic now is more than half of the network's capacity, which was revealed in the recent stress tests: ~750 kB/block, ~200'000 tx/day.  (It is less than 1 MB/block because of many empty blocks, due to the way miners work, and to partially full blocks, that some miners generate by choice.)  

If it keeps growing at the same pace of the last 12 months, and the block size limit remains 1 MB, "traffic jams" should become frequent at peak hours in mid-2016, or maybe earlier, when the traffic will be 180'000 tx/day or so; and then the traffic should stop growing, as any new adoption will have to be matched by a similar "un-adoption".  

If the block size limit is increased to 8 MB, the traffic may keep growing naturally and gradually beyond that 180'000 tx/day limit.  There is no reason to think that the traffic will grow faster just because the size limit has been lifted.  The limit has been 1 MB/block since 2010, and yet the traffic has always been well below the network's capacity, even during the Nov/2013 rally and later crashes (except for the recent "stress tests").  So, the doubling of the limit every two years will, quite probably, have no effect whatsoever on the traffic (and therefore on the average block size).

[JorgeStolfi]

is crypto done??

Satoshi just came back to declare it dead. 

[cyclotronmajesty]

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?

You need not do anything until the actual fork i.e. once 75% of miners are using XT. At that point, QT is unlikely to recover; miners will quickly switch to mining the longest chain (XT).

For regular users running Bitcoin software (i.e. a node), there's really no reason not to switch to XT (except as a not-taken-into-account protest vote). If XT wins, you'll be on XT. If XT doesn't achieve 75% or miner support, nothing changes.

Well what's all the hubbub about then? Sounds like a smooth transition. Nobody will know the difference. I can't believe people are so stubborn. They are disagreeing for the sake of disagreeing. In fear of "centralization"?
It sounds like a very decentralized process. But majority does rule.
I'm pro-fork.