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

[Richy_T]

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[JayJuanGee]

chartbuddy is delaying for at least 3 minutes.
could anyone guess about the price of bitcoin? i wanna know if i should buy more or sell them. i am running out of idea on investing just in bitcoin.

Coin



Explanation

you have delayed more than 6 minutes. is the clock of the automated posting gone wrong?
btw seems that the people in US is in the rest.

Ultimately, you should already know your Bitcoin plan and how you feel about Bitcoin and allocate your risk accordingly. People on the internet cannot really help you decide your own levels of allocation- even though there's nothing wrong with brainstorming about whether u believe price to go up or down in the short term.

[ChartBuddy]

Coin



Explanation

[iCEBREAKER]

Mike Hearn's exit mic drop

I find it tough to dispute his arguments. It's getting close to fork or die time...

Last summer called to request you return its FUD.

You find it "tough to dispute his arguments" because you are a clueless n000b.

Most of us old-timers suffer from no such disability.

Try reading the old Blockchain Civil War threads so you can better participate in, and possibly even contribute to, the conversation.

[Andre#]

He's basically claiming that if the blocks ever fill up, then Bitcoin has failed.

I have always suspected this guy is a clueless zombie. Quite the opposite, filled up blocks is not a failure but success! Economy is always about supply and demand. Success of a product or service you are offering is measured by how much demand is surpassing supply.

The point is that  the blocksize cap forbids that supply grows to cater the demand for transactions. The real question is: will we allow market forces to determine the size of blocks, or do we apply central regulation to limit the size of blocks? The reason that I sometimes refer to the Core devs to the Polit Bureau is that they advocate central planning. Which I believe is the wrong approach. It is leading to transaction queues (in the mempool), just like it led to queues in front of shops with limited stock in communist countries.

[JayJuanGee]

oh go all these mother fucking cheap coins, i can't wait to buy on my payday LOL

Im to busy watching the economy collapse to even care at this point, also in live view

https://www.google.com/finance?cid=7521596

The dow jones was down about 1.5% yesterday, and up about 1.5% today.... so overall flat over the past few days, though trending down over the past few months. 


I know my stock related investments (DJI related)  lost about 14% since May 2015.

should short s&p 500 or buy silver, then trade that silver into bitcoin later.

At various times I have considered what to do, and the fuller story it is part of a retirement portfolio with limits.

recently I just decided to reallocate within the available options to hopefully lessen future risk while attempting some overall diversification of my various investment funds, including my bitcoin holdings which is considered a form of offset to those retirement funds. 

[suda123]

oh go all these mother fucking cheap coins, i can't wait to buy on my payday LOL

Im to busy watching the economy collapse to even care at this point, also in live view

https://www.google.com/finance?cid=7521596

The dow jones was down about 1.5% yesterday, and up about 1.5% today.... so overall flat over the past few days, though trending down over the past few months. 


I know my stock related investments (DJI related)  lost about 14% since May 2015.

should short s&p 500 or buy silver, then trade that silver into bitcoin later.

At various times I have considered what to do, and the fuller story it is part of a retirement portfolio with limits.

recently I just decided to reallocate within the available options to hopefully lessen future risk while attempting some overall diversification of my various investment funds, including my bitcoin holdings which is considered a form of offset to those retirement funds. 

What alts did you buy?

[JayJuanGee]

oh go all these mother fucking cheap coins, i can't wait to buy on my payday LOL

Im to busy watching the economy collapse to even care at this point, also in live view

https://www.google.com/finance?cid=7521596

The dow jones was down about 1.5% yesterday, and up about 1.5% today.... so overall flat over the past few days, though trending down over the past few months. 


I know my stock related investments (DJI related)  lost about 14% since May 2015.

should short s&p 500 or buy silver, then trade that silver into bitcoin later.

At various times I have considered what to do, and the fuller story it is part of a retirement portfolio with limits.

recently I just decided to reallocate within the available options to hopefully lessen future risk while attempting some overall diversification of my various investment funds, including my bitcoin holdings which is considered a form of offset to those retirement funds. 

What alts did you buy?

I don't have any significant holdings in any alts, and I only invested in some alts when I first started Bitcoin - two years ago.

In any event, my current alt holdings are less than .5% of my current total crypto holdings, and I have no short term plans or inclinations towards any alts.


When I referred to diversification, above, I was referring to diversifying within my retirement fund and also a certain amount of  Bitcoin offsetting of that risk with my own Bitcoin holdings and recent trading strategies within Bitcoin. 

Overall, I believe my distribution of various risks is good for me at this time in my life and my total situation including considering various costs involved with studying and potentially moving around assets and attempting to predict the direction of various markets with incomplete information.

[luckygenough56]

 

[oda.krell]

I'm not overly sad to see Mike go. He seems to be a seriously competent developer, but on the political and economical dimensions, his absence is a net benefit in my opinion - don't we all fondly remember his 'redlisting' suggestion when he was chair of the Law & Policy committee?

Mike Hearn's exit mic drop

I find it tough to dispute his arguments. It's getting close to fork or die time...

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.m7ipd85nk

It's easy as shit to dispute his arguments.  He's basically claiming that if the blocks ever fill up, then Bitcoin has failed.  Since Bitcoin can't scale to world reserve currency without really fucking big blocks (133MB with lightning network and way higher without it), it's pretty much guaranteed to have full blocks and a fee market no matter what you do.  While I do think Bitcoin needs at least 8MB blocks to remove most of the glass ceiling on price, his logic is not sound at all about it succeeding or failing based on blocks being full or not.

That post might impress Bitcoin noobs into thinking there's some type of crisis, but blocks becoming full was always destined to happen from day 1.  The real issue is that Lightning Network does not exist TODAY, and so blocks should be raised so that Bitcoin has more room to grow until that happens, assuming Lightning Network is even the solution to all our problems in the first place.  The way I see it, a collateral bid, deterministic block production system with something like 1001 fixed block producers is the only low hanging fruit I see to solve decentralization and on-chain scaling at the moment:

https://bitcointalk.org/index.php?topic=1317450.0

Huh. A r0ach post I entirely agree with. Either I'm getting soft, or you are.

(Also, add to the list of this article's bullshit arguments: "Chinese miners are the reason we don't have bigger blocks". You can blame China's influence (by mining, exchanges, investing) for many things, but causing the blocksize deadlock is not one of them. The big pools have been on record for a long time that they're in favor of raising the limit in principle.)

(EDIT) Agreeing with everything, except maybe for your PoS pet project. But that's a decision to be revisited long into the future, so it doesn't bother me to think about it.

[ChartBuddy]

Coin



Explanation

[suda123]

oh go all these mother fucking cheap coins, i can't wait to buy on my payday LOL

Im to busy watching the economy collapse to even care at this point, also in live view

https://www.google.com/finance?cid=7521596

The dow jones was down about 1.5% yesterday, and up about 1.5% today.... so overall flat over the past few days, though trending down over the past few months. 


I know my stock related investments (DJI related)  lost about 14% since May 2015.

should short s&p 500 or buy silver, then trade that silver into bitcoin later.

At various times I have considered what to do, and the fuller story it is part of a retirement portfolio with limits.

recently I just decided to reallocate within the available options to hopefully lessen future risk while attempting some overall diversification of my various investment funds, including my bitcoin holdings which is considered a form of offset to those retirement funds. 

What alts did you buy?

I don't have any significant holdings in any alts, and I only invested in some alts when I first started Bitcoin - two years ago.

In any event, my current alt holdings are less than .5% of my current total crypto holdings, and I have no short term plans or inclinations towards any alts.


When I referred to diversification, above, I was referring to diversifying within my retirement fund and also a certain amount of  Bitcoin offsetting of that risk with my own Bitcoin holdings and recent trading strategies within Bitcoin. 

Overall, I believe my distribution of various risks is good for me at this time in my life and my total situation including considering various costs involved with studying and potentially moving around assets and attempting to predict the direction of various markets with incomplete information.

Ahh ok, also 650 floor in less then 2 months, and climbing 100 to 300 per day

[flagpara]

Coin



Explanation

I like it!

Every morning when I check the price is a bit lower! Might be the good moment to buy, not sure it will be able to break the 400 floor no?

[lottery248]

Coin



Explanation

holy shit! the price of bitcoin is keep crashing!
did you get affected by the cryptsy? you could ge affected by cryptsy operator in various trading platforms, his sell could crash bitcoin!

[DaRude]

http://www.bloomberg.com/news/articles/2016-01-14/goldman-says-it-will-settle-u-s-mortgage-probe-for-5-1-billion

Do tell me how you feel that bitcoin is overvalued

[Elwar]

I had a rather large localbitcoins sale at $430 the day before it jumped up to $450. I was kinda bummed but now I can start moving money to the exchange.

[jackiedragon]

[hendra147]

ready to rock ?
i think we will see new buble and we will reach $450 agai at end of this week

[marcus_of_augustus]

Mike Hearn's exit mic drop

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.m7ipd85nk

That's no mic drop. A mic drop is a victorious action, taken only when your wordplay has been so devastatingly erudite that there is no possible way your opponent would embarrass himself by trying to follow it up.

Mike's blog post is what is known colloquially as 'throwing in the towel'.

"ragequit" in the modern urban net slang.

[AlexGR]

Mike Hearn's exit mic drop

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.m7ipd85nk

That's no mic drop. A mic drop is a victorious action, taken only when your wordplay has been so devastatingly erudite that there is no possible way your opponent would embarrass himself by trying to follow it up.

Mike's blog post is what is known colloquially as 'throwing in the towel'.

"ragequit" in the modern urban net slang.

That's the second time he ragequited after saying he had enough and will work for the banks

I guess the powers that be needed him to re-quit in order to use the article that he wrote and spread it now that the other markets are failing... "See bitcoin has failed too"...says an ex-bitcoin dev, type of narrative. Cheap tricks that work.