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

[ChartBuddy]

Coin



Explanation

[1714475877]

1714475877

[1714475877]

1714475877

[ssmc2]

Take it easy now guys.
Don't push too hard...

Fuck that.

PUSH

[peonminer]

i think selling now is good.

470 is not easy to beat

I'm not seeing it Adam...

You don't get it; The market always goes against Adam's predictions.

[Fatman3001]

i think selling now is good.

470 is not easy to beat

I'm not seeing it Adam...

You don't get it; The market always goes against Adam's predictions.

TAI, that's what's kept me afloat.

[Cconvert2G36]

When the network gets near hitting capacity of ~220,000 tx per day, the rally gets its head lopped off... coincidence?

https://blockchain.info/charts/n-transactions

Any future rally will be meaningfully constrained by this "safety feature".  

... soon time to start high-grading for valuable TX anyway. It's an industrial level tech., can't always remain a sandpit for toy projects. Which makes you misguided about rallies being "constrained" ... but hey, who am I to stop people losing money?

A.Miners should decide which transactions are valuable enough to process, B. not a central planning committee. Especially not a committee which is dominated by a for profit company which was explicitly formed to offer a "solution" to the "problem".

 

*facepalms*

which one is it.? a central planning committee of miners?

notsureiftrollingorstupid.jpg

Who has incentives better aligned with the network? Many individual companies that have built pools with massive investment in hashing behind them (their success is nearly synonymous with the success of Bitcoin), or one company that benefits (almost solely) from artificial scarcity of capacity?

The questions are somewhat rhetorical, because I already know your answer.

[marcus_of_augustus]

When the network gets near hitting capacity of ~220,000 tx per day, the rally gets its head lopped off... coincidence?

https://blockchain.info/charts/n-transactions

Any future rally will be meaningfully constrained by this "safety feature".  

... soon time to start high-grading for valuable TX anyway. It's an industrial level tech., can't always remain a sandpit for toy projects. Which makes you misguided about rallies being "constrained" ... but hey, who am I to stop people losing money?

toy projects like allowing a billion people to claw their way out of squalor?  Toys are things that are not needed, you elitist fuck.  Find some other way to buy drugs and cheat on taxes. Helping impoverished people save money is not a toy project.

... don't get your longjohns bunched up, noone is trying to stop anyone crawl their way out their backwater muckhole. At some point you will realise that freight trains, tractors and steam engines are for doing real work and cars and light trucks are what people use for everyday trade. It's just engineers recognise these functional differences first, especially in more abstract arenas like globally-networked electronic commerce.

Hint: there are great opportunities right now for building everyman layers, i.e. the cars and light trucks, go be the next Henry Ford instead on here whinging that your SV buddies can't use 'their' steam engine to pop-out for a latte.

[ssmc2]

Buckle in

[marcus_of_augustus]

When the network gets near hitting capacity of ~220,000 tx per day, the rally gets its head lopped off... coincidence?

https://blockchain.info/charts/n-transactions

Any future rally will be meaningfully constrained by this "safety feature".  

... soon time to start high-grading for valuable TX anyway. It's an industrial level tech., can't always remain a sandpit for toy projects. Which makes you misguided about rallies being "constrained" ... but hey, who am I to stop people losing money?

Miners should decide which transactions are valuable enough to process, not a central planning committee. Especially not a committee which is dominated by a for profit company which was explicitly formed to offer a "solution" to the "problem".

c'mon, enough with the conspiracy FUD smearing, stirring up, slinging and smearing.

The miners do indeed decide but they are for now more than happy to delegate that responsibility, wholly, and huge development costs to the development community (no committees involved for those not paying attention). Feel free to submit better ideas to the bitcoin development github

Issues: https://github.com/bitcoin/bitcoin/issues
Pull requests: https://github.com/bitcoin/bitcoin/pulls

[practicaldreamer]

....they are buying btc in china and selling btc in the west

Where's the demand in the west coming from ?

[gotmilk_]

Fly me to the moon... 

[Hyperjacked]

....they are buying btc in china and selling btc in the west

Where's the demand in the west coming from ?

From a dream...

like the butterfly's wings flapping!

[marcus_of_augustus]

....they are buying btc in china and selling btc in the west

Where's the demand in the west coming from ?

rising prices from the buying in china create new demand in the west ... it's like a free energy machine  

[Fatman3001]

When the network gets near hitting capacity of ~220,000 tx per day, the rally gets its head lopped off... coincidence?

https://blockchain.info/charts/n-transactions

Any future rally will be meaningfully constrained by this "safety feature".  

... soon time to start high-grading for valuable TX anyway. It's an industrial level tech., can't always remain a sandpit for toy projects. Which makes you misguided about rallies being "constrained" ... but hey, who am I to stop people losing money?

Miners should decide which transactions are valuable enough to process, not a central planning committee. Especially not a committee which is dominated by a for profit company which was explicitly formed to offer a "solution" to the "problem".

c'mon, enough with the conspiracy FUD smearing, stirring up, slinging and smearing.

The miners do indeed decide but they are for now more than happy to delegate that responsibility, wholly, and huge development costs to the development community (no committees involved for those not paying attention). Feel free to submit better ideas to the bitcoin development github

Issues: https://github.com/bitcoin/bitcoin/issues
Pull requests: https://github.com/bitcoin/bitcoin/pulls

I suggest you read up on "conflict of interest". It's not about conspiracy. It's an objective fact.

[practicaldreamer]

....they are buying btc in china and selling btc in the west

Where's the demand in the west coming from ?

rising prices from the buying in china create new demand in the west ... it's like a free energy machine  

Possibly - but shouldn't the oversupply on the western exchanges hold down prices ? I mean, the price on Huobi has no material effect on BTC in the west - might as well say BTC is trading at $10k in China - makes no difference to us, materially/practically.

Are we that gullible ?

[brg444]

miss me with your transaction FUD

them chinese keep all their coins on exchange anyway  

[marcus_of_augustus]

I suggest you read up on "conflict of interest". It's not about conspiracy. It's an objective fact.

I would suggest you keep your inane suggestions to yourself, but I'm too polite for that.

[adamstgBit]

[600watt]

Relax, Jack. Get that log on and down a couple of drinks.

And be careful with that fat finger.

big hug for posting gl - a true master. 

[Oblodo]

The volume the last days!

[Cconvert2G36]

When the network gets near hitting capacity of ~220,000 tx per day, the rally gets its head lopped off... coincidence?

https://blockchain.info/charts/n-transactions

Any future rally will be meaningfully constrained by this "safety feature".  

... soon time to start high-grading for valuable TX anyway. It's an industrial level tech., can't always remain a sandpit for toy projects. Which makes you misguided about rallies being "constrained" ... but hey, who am I to stop people losing money?

Miners should decide which transactions are valuable enough to process, not a central planning committee. Especially not a committee which is dominated by a for profit company which was explicitly formed to offer a "solution" to the "problem".

c'mon, enough with the conspiracy FUD smearing, stirring up, slinging and smearing.

The miners do indeed decide but they are for now more than happy to delegate that responsibility, wholly, and huge development costs to the development community (no committees involved for those not paying attention). Feel free to submit better ideas to the bitcoin development github

Issues: https://github.com/bitcoin/bitcoin/issues
Pull requests: https://github.com/bitcoin/bitcoin/pulls

Garzik already submitted BIP102, which I think would be an acceptable "can kick" to further study the issue and possible solutions... The conference is over, and there is no plan in sight. I don't really think a controversial overhaul of the system in the form of SegWit is going to offer any relief, any time soon.