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

[orpington]

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OMFG 76% full - I'm getting nervous...

[1714821530]

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[1714821530]

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[1714821530]

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[1714821530]

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[ChartBuddy]

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[JayJuanGee]

It looks like it's coming back up to me.
$500 by next month?
Reality or pipe dream?

Based on low volume and the almost non-movement of BTC price in the past few days, I kept considering that the price was preparing for a dump of 1 to 2 %... like  odds of 55%/45%.   

Currently, my thinking is sort of reversing, but not strong, and I am leaning more towards and upsurge in price by maybe 1 or 2%.. odds of... that would be about 55%/45%.. only a feeling and I'm not really sure as you can see by my numbers...

Also, a long weekend, can cause a certain amount of waiting until the end of the weekend to make some attempts at a high volume push in one direction or another.. but sometimes it seems that the big players may each be waiting for some other big player to act first, but no one bigger player wants to act first at this time, so we await in a kind of limbo land in which we do not know whether one or more big players have a plan to attempt a push of the price.

That's an interesting take. I just figure as soon as people are back to work and looking at the 2016 calendar they'll know that this is the year of btc price and start fomoing into the market.

I believe that I am not alone in the theory that the masses and their demand do not drive short term attempts at pumping or dumping...

sure their are limits in how far and for how long bigger players can push in either direction, and some of that has to do with the extent to which coins are available and FOMO dynamics... and whether others are following when dump or pump signals are employed.  If you ever watch some of the volumes of the exchanges you will sometimes see 1000 coins pumped or dumped at once during extremes, and that is not the action(s) of smaller players.. it's the big boys attempting to push further and to drive the price in one direction, to attempt to break resistance/support and to get others to follow.

[ChartBuddy]

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Explanation

[Searing]

It looks like it's coming back up to me.
$500 by next month?
Reality or pipe dream?

Based on low volume and the almost non-movement of BTC price in the past few days, I kept considering that the price was preparing for a dump of 1 to 2 %... like  odds of 55%/45%.   

Currently, my thinking is sort of reversing, but not strong, and I am leaning more towards and upsurge in price by maybe 1 or 2%.. odds of... that would be about 55%/45%.. only a feeling and I'm not really sure as you can see by my numbers...

Also, a long weekend, can cause a certain amount of waiting until the end of the weekend to make some attempts at a high volume push in one direction or another.. but sometimes it seems that the big players may each be waiting for some other big player to act first, but no one bigger player wants to act first at this time, so we await in a kind of limbo land in which we do not know whether one or more big players have a plan to attempt a push of the price.

That's an interesting take. I just figure as soon as people are back to work and looking at the 2016 calendar they'll know that this is the year of btc price and start fomoing into the market.

I believe that I am not alone in the theory that the masses and their demand do not drive short term attempts at pumping or dumping...

sure their are limits in how far and for how long bigger players can push in either direction, and some of that has to do with the extent to which coins are available and FOMO dynamics... and whether others are following when dump or pump signals are employed.  If you ever watch some of the volumes of the exchanges you will sometimes see 1000 coins pumped or dumped at once during extremes, and that is not the action(s) of smaller players.. it's the big boys attempting to push further and to drive the price in one direction, to attempt to break resistance/support and to get others to follow.

I know zip on this stuff...but when the halving happens for BTC won't this be harder for say big miners to play the short bitcoin game (and or others) I'm unclear on this but read it someplace that miners will have harder time at least playing games with the market due to the drop in btc available..

(again I know zip) but WILL halving have any positive effect on less games...or will the effect be worse..or hell no change at all in game playing on such?

[ChartBuddy]

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[ChartBuddy]

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[rebuilder]

Stupid question: Why are miners including 0-fee transactions in blocks at all? AFAIK, they can refuse to do so regardless of max blocksize.

Because they are paid to do so through block rewards. Plus, some pools are concerned with their own and Bitcoins image.

Edit: When I re-read my post it sounded a bit terse. That was not my intention. Large scale miners are HEAVILY invested in Bitcoin. They've got facilities, equipment, employees, and long term deals with electricity providers and isp's. They're not here for the quick scam. Most of them (the ones acting rationally) will not do anything to hurt Bitcoin.

The block reward is for finding a block, you don't have to include any tx in a block you find to get the reward.So I only see two obvious resons for miners acceptin 0-fee tx :

- they believe it's in their own interest somehow, good for Bitcoin in the long run etc.
- the transactions don't add sufficient overhead for them to bother configuring their miners to discard them.

What I'm getting at here is:  The service providers freely choose what they wish to charge for the service of including transactions in blocks. Block subsidy obviously plays a big part in that, but the issuance schedule is deterministic and well understood by all. How is this not a fee market?

[luckygenough56]

guys i neeed your crystal balls !

Drop or rise ?

[rjclarke2000]

guys i neeed your crystal balls !

Drop or rise ?

I pick option 3

Stay stable

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Andre#]

Things are heating up in /r/Bitcoin. The excellent blog posting of Brain Amstrong https://medium.com/@barmstrong/bitcoin-s-elegant-upgrade-mechanism-miner-voting-66faa35d27af has been censored three times in a row already. I wonder how long #4 will last.

https://www.reddit.com/r/Bitcoin/comments/3z9gxt/scaling_bitcoin_the_great_block_size_debate_blog/

Help keep 'em coming!

[JayJuanGee]

It looks like it's coming back up to me.
$500 by next month?
Reality or pipe dream?

Based on low volume and the almost non-movement of BTC price in the past few days, I kept considering that the price was preparing for a dump of 1 to 2 %... like  odds of 55%/45%.   

Currently, my thinking is sort of reversing, but not strong, and I am leaning more towards and upsurge in price by maybe 1 or 2%.. odds of... that would be about 55%/45%.. only a feeling and I'm not really sure as you can see by my numbers...

Also, a long weekend, can cause a certain amount of waiting until the end of the weekend to make some attempts at a high volume push in one direction or another.. but sometimes it seems that the big players may each be waiting for some other big player to act first, but no one bigger player wants to act first at this time, so we await in a kind of limbo land in which we do not know whether one or more big players have a plan to attempt a push of the price.

That's an interesting take. I just figure as soon as people are back to work and looking at the 2016 calendar they'll know that this is the year of btc price and start fomoing into the market.

I believe that I am not alone in the theory that the masses and their demand do not drive short term attempts at pumping or dumping...

sure their are limits in how far and for how long bigger players can push in either direction, and some of that has to do with the extent to which coins are available and FOMO dynamics... and whether others are following when dump or pump signals are employed.  If you ever watch some of the volumes of the exchanges you will sometimes see 1000 coins pumped or dumped at once during extremes, and that is not the action(s) of smaller players.. it's the big boys attempting to push further and to drive the price in one direction, to attempt to break resistance/support and to get others to follow.

I know zip on this stuff...but when the halving happens for BTC won't this be harder for say big miners to play the short bitcoin game (and or others) I'm unclear on this but read it someplace that miners will have harder time at least playing games with the market due to the drop in btc available..

(again I know zip) but WILL halving have any positive effect on less games...or will the effect be worse..or hell no change at all in game playing on such?

Sure, there could be some truth to the observation that the halving is going to cause some changes in the dumping dynamics; however, I believe that bigger changes will come from increasing the BTC market cap 10x or more in order that it takes more capital to achieve manipulate.  There is always going to be some manipulation, but it becomes more difficult to manipulate when it takes more capital to achieve the manipulation.

Another dynamic that could change effectiveness of manipulation is if BTC price determinations were more decentralized, and I am not really too sure about how the price could become better weighted based on total trading rather than on various exchanges being able to lead price determination(s). 

There is some difference of opinion regarding which exchange(s) is the price leader, or whether you need to have a presence on more than one exchange to be able to manipulate price, but if you were a whale with the value of 50k coins spread across stamp and one or two other exchanges, you could achieve quite a lot of manipulation with that level of value, and since the information is not exactly  public, the whales know more about how much they need to manipulate than me.   

[ChartBuddy]

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[Hyperjacked]

guys i neeed your crystal balls !

Drop or rise ?

...for what little my opinion is worth...much higher in 2016 imO !

The composite operator succeeded in creating a new reality during the Holiday period but only for the moment!

[ChartBuddy]

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[ChartBuddy]

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[fisheater22]

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