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

[niktitan132]

Was that last post really needed?

I agree though with the others. We are going right. then sooner or later we will change direction and go up or down.
I'm betting on up.

We are going down. Deal with it!

[podyx]

How I think the situation may develop

[Richy_T]

So, slightly offtopic but...

*If* the halving leads to many miners being unprofitable and assuming they do not just switch off and go on holiday for 10+ days, what is the #2 sha256 altcoin they will switch to?

[JayJuanGee]

Was that last post really needed?

I agree though with the others. We are going right. then sooner or later we will change direction and go up or down.
I'm betting on up.

If you already know the answer, then why you askin?



@BMB  I am being nice in this particular post by removing the "fucken" from my original intended contents because it is almost christmas, ,,,,,, and we all be in good spirits.... 

[ChartBuddy]

Coin



Explanation

[Richy_T]

So, slightly offtopic but...

*If* the halving leads to many miners being unprofitable and assuming they do not just switch off and go on holiday for 10+ days, what is the #2 sha256 altcoin they will switch to?

I.e. "which coin is not long for this world."
(Difficulty increases x1000 and then ...unincreases )

Heh, yeah. I wasn't thinking about the back-end for that... . I think instead of the halvening, we might want to call it Cryptogeddon

As for 51% attacks, that would only be good for destroying a currency you deployed it against so I doubt many miners would even consider that. (They could do it easily enough already, after all)

Unfortunately, Doge is Scrypt so not much chance of killing that one off.

[TERA]

How I think the situation may develop

Some people here will actually call you a bear for this chart

[adamstgBit]

How I think the situation may develop

Some people here will actually call you a bear for this chart

lol moon at 1200 what a bear! 

[ChartBuddy]

Coin



Explanation

[dropt]

How I think the situation may develop

Some people here will actually call you a bear for this chart

lol moon at 1200 what a bear! 

Man, if that actually formed and became the biggest cup and handle ever, IDK what I'd do. 

[ImI]

moon is obv 5000$ folks

[toy4lov3rs]

moon is obv 5000$ folks

10K for me. Moon is 10K.

[fisheater22]

Was in the 600s for me. Been there, left flag, regret nothing.
BTW, check that o-ring next time you take her up, not sure if I stuck it back in right...

[TERA]

It's not just the location of the moon but the lengths of time involved.  The Bulls wanted 1000 by Christmas, not mid 2017.

[600watt]

Was in the 600s for me. Been there, left flag, regret nothing.
BTW, check that o-ring next time you take her up, not sure if I stuck it back in right...

i don´t remember it being inside me.

[JayJuanGee]

moon is obv 5000$ folks

10K for me. Moon is 10K.

Currently, I'm still thinking $3-5k for the next price upsurge - but since BTC experienced such a prolonged bear run this past phase, therefore $10k could be within reasonable grasp for the next BTC price run. 

I'm thinking that Moon is probably around $100k or more, but it could be around $32k, if we were to go there on this next/upcoming price surge; however, we will probably need to experience a few bubbles and corrections before we are able to reach $100k levels, because the BTC infrastructure really doesn't seem ready (whether that is psychological or various lackings in consumer friendliness infrastructure for $100k levels yet...  -

In other words, I really doubt that we can reach moon in the next couple of bubbles.. and maybe even when we start approaching what we currently consider "the moon," we are going to still recognize considerable upside potential without realizing that we are on "the moon" yet... so maybe once we start approaching 5 figure valuations of BTC, the moon will be considered as $1 or $2 million?

[BlindMayorBitcorn]

Hi there. I’m BlindMayorBitcorn, Hero member at Bitcointalk. AMA!

 

[AlexGR]

Total transaction fees per block=average transaction fee*number of transactions. So you either increase the fee or you increase the number of transactions or your security goes down.

There is also the factor of what type of value are we talking about per transaction.

If you are moving around 50 cents you can't pay 20 cents in fees.

If you are moving around 1000 dollars => you don't mind.

So if value per transaction increases, because, say, people start considering that BTC is better, faster and cheaper than SWIFT, Western Union etc, you can have a lot of transaction volume with (relative) high fees which are still very competitive compared to your "competitors".

We probably are over-secure right now. But by how much? And if fees increase because the number of transactions can't go up, there is a limit to what people will pay, especially for a service which is seen as having damaged usability (i.e. submit a transaction with a fair fee and still have long confirmation times).

Again, short and long are somewhat relative. From bank to bank, from paypal to bank, for western union etc, it takes days... That's eons of time compared to bitcoin.

For small txs you can go with 0-conf.

[Cconvert2G36]

Gentlemen.

As the mempool fills, and our great (totally not captured) technocrats continue to implement what's best for Bitcoin. I'd like to remind you that a new moon is cresting the horizon. Some say $5000 incoming, some say $32000, these are all low-ball estimates.

Some may say that it will take 9-12 months to roll out a complicated accounting trick to gain us 0.75MB of effective space. I say nay, it might happen tomorrow. Wumpus, sipa, and gmax have your best interests at heart. They have heard a panel representing 90% of hashing power state that they are ready for 2MB, and they have graciously and courageously rejected it... to keep you safe.

Institutional investors are very aware that the current number of users and transactions are more than enough to support mining security as the block reward dwindles. This is why they continue to pile in at ever increasing rates. There is not a private, for profit, company that is ready to use the blockchain as their own personal settlement network, this is a lie proffered by conspiritards.

For the first time in Bitcoin's history, everything is looking poised for success, and I've never had more confidence in our future.

Keep the price in the 400's gentlemen, at least for this week.

[podyx]

It's not just the location of the moon but the lengths of time involved.  The Bulls wanted 1000 by Christmas, not mid 2017.

Well I didn't neccessarily imply $1000 in the chart, I meant it would go into bubble territory at that point, meaning a price of $5k-$15k