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

[coins101]

The blocks are full again. I have been waiting a hell of a long time for a single confirmation. It took an hour to find one block, then the next few blocks afterwards were all full so my transaction's still in limbo. Until somebody fixes this I don't think the price will moon.

There are those who would say this to you:

Pay up or use PayPal.

[1714692158]

1714692158

[1714692158]

1714692158

[1714692158]

1714692158

[1714692158]

1714692158

[Cconvert2G36]

The blocks are full again. I have been waiting a hell of a long time for a single confirmation. It took an hour to find one block, then the next few blocks afterwards were all full so my transaction's still in limbo. Until somebody fixes this I don't think the price will moon.

Shhhh, friend.

Sounds like you don't like the smell of sweet, sweet success and rapidly increasing competitive advantage.

Bitcoin is high powered Central Bank reserve monies. Poors may use dog-coin.

~Moderators are standing-by to provide assistance with your technical consens-o-tron.~

[BldSwtTrs]

how critical it is that BTC become high-powered money rather than yet another retail payment rail.

False dichotomy.

It can be both.

[Karartma1]

The blocks are full again. I have been waiting a hell of a long time for a single confirmation. It took an hour to find one block, then the next few blocks afterwards were all full so my transaction's still in limbo. Until somebody fixes this I don't think the price will moon.

There are those who would say this to you:

Pay up or use PayPal.

Blocks full with no stress test seem only good to me, I don't like the price movement lately. That's a concern.

[liquidiser]

The blocks are full again. I have been waiting a hell of a long time for a single confirmation. It took an hour to find one block, then the next few blocks afterwards were all full so my transaction's still in limbo. Until somebody fixes this I don't think the price will moon.

There are those who would say this to you:

Pay up or use PayPal.

I had no choice of the fee I paid because I withdrew from an exchange that doesn't let you control the fee. Now I have been waiting almost two hours for the first confirmation, and the last six blocks were all full. I would happily pay a higher fee if I could, but most exchanges don't let you choose your fee.




That percentage of full blocks on ChartBuddy is accurate today, I'd say 97% full is right.

[Cconvert2G36]

Blocks full with no stress test seem only good to me, I don't like the price movement lately. That's a concern.

Yeap, it's not a stress test now, it's just stress. Feels good man. Pay up suckas, and grok my ethos. When we get to $7 per tx we're golden, and that's a sure thing because no competition.





http://getmonero.org  

[madmat]

I had no choice of the fee I paid because I withdrew from an exchange that doesn't let you control the fee. Now I have been waiting almost two hours for the first confirmation, and the last six blocks were all full. I would happily pay a higher fee if I could, but most exchanges don't let you choose your fee.

Bitcoin is broken, sell all you have.

[JayJuanGee]

the price fell a little bit and it is stable right now once again, when there will be more movements? i need some action

it's bleeding. There is tension in the market. We could be at the edge of the next bear cycle if this bullrun really dies of like that.

Well, considering the past couple of weeks in light of the past couple of months.   

About two weeks ago, we had a considerable drop in BTC price in light of the piling on of FUD surrounding the Mike Hearn article (and other simultaneous exaggerated FUD) that caused a precipitous drop to $352.  Thereafter, I had considered that a fairly decent volume pump passed $410 would bring us into a kind of safe-zone regarding whether we would go below $352 again. 

The pump over $420 from a bit over a week ago did not end up being as long-lasting as I had considered it to be, and so, yep, we came back down to the upper $300s, and we experienced some half-assed further attempts to bring BTC prices below $360, or lower if possible, yet it remains unclear if bears were throwing all of their ammunition or if they may be running out of coins to dump? 

Anyhow, I would not put it passed the bears to be able to come up with some more coins for dumping; however, it is beginning to appear that we are floating in a price territory (mostly $374 to $379) long enough (a couple of days) in order that we could witness another attempt at a break out within the next two days (ending the weekend and maybe awaiting some Monday financial news - stocks were up on Friday, but doesn't mean such uptrend will continue).

 I am fairly certain that we are going to see some price action within the next couple of days.. To me the first bounce by 5% or so could go either way.. almost a toss, and I am thinking that the next bounce of at least 10% from our current price territory, is more favorably on the upside... I will give it a 57% chance for upside and 43% chance for down... but, like everyone who is not a whale, I am formulating my best guestimation.

[BldSwtTrs]

The blocks are full again. I have been waiting a hell of a long time for a single confirmation. It took an hour to find one block, then the next few blocks afterwards were all full so my transaction's still in limbo. Until somebody fixes this I don't think the price will moon.

There are those who would say this to you:

Pay up or use PayPal.

Blocks full with no stress test seem only good to me, I don't like the price movement lately. That's a concern.

Maybe the marrket knows more than you and understands that full blocks are the opposite of good.

[spiderbrain]

The $7/tx subsidy only illustrates how ridiculous the coffees-on-the-blockchain idea is, and how critical it is that BTC become high-powered money rather than yet another retail payment rail.

Those four tps are the most precious rare things in existence.  The ability to store and/or transfer value quickly, securely, and without permission is unprecedented.  A gigawatt is a small price to pay for the provision of such a modern miracle.

It's adorable you think Honey Badger cares about ignorant Gavinista fuckwit ramblings and desires for a contentious hard fork and governance coup.

Please take your Negative Nancy 'zomg Bitcoin is GOING TO DIEEEEE WITHOUT 2MB RIGHT MEOW' bullshit over to BitcoinObituaries.com.

Posts like this give reminds me we have (some) intelligent people left on the forum. Thank you

Posts like this give reminds me why we have vastly fewer intelligent people left on the this forum.

The one island of intelligence, the old gold thread, was committed to the memory hole for grievous thought crimes… for your protection. Let's admit it, they just didn't jive with a forum filled with sig ad penny farmers, boot lickers, and budding central planners.

~The technical consens-o-tron begins to emit a soothing glow, its speaker crackles with static before a voice begins to come through…~

Grok.

Grok.

User, miner, business… have you begun to Grok the Ethos?
Things are desirable because they are expensive.
Central control is censorship resistance.
Meritorious Monarchy
Dissenting opinions are a sign of disloyalty and fragility.
1MB is a holy number. Changing it = Changing 21 million coins
Segwit is not a change, your node won't even know it happened.
Soft Fork = Safe Fork
Do you want loss of funds?
Do you Cypherpunk?
Do you write Code? [To have it promptly ignored/broken by Wizards]
Do you central plan?
Conflict of Interest is only a conflict if you won't shut up about it.
Stagnation = Growth
Competition is a Sin.
Altcoins do not exist.
Techno Experts are expert.
The price is rising, and will continue to rise as we ascend to the Moon at 2.7 tps.
Hub and Spoke [Peer 2 Peer]
Vaporware is Complete, and is already accepted by the market.
Have you REKT a Gavin today?

Trust Everyone™

~message repeats~

Blessings of the state, brother.

[gentlemand]

I get confirmations up the arse whenever the blockchain permits me to interact with it. I guess I'm some kind of special snowflake but I always knew that anyway.

[coins101]

The blocks are full again. I have been waiting a hell of a long time for a single confirmation. It took an hour to find one block, then the next few blocks afterwards were all full so my transaction's still in limbo. Until somebody fixes this I don't think the price will moon.

There are those who would say this to you:

Pay up or use PayPal.

Blocks full with no stress test seem only good to me, I don't like the price movement lately. That's a concern.

Maybe the marrket knows more than you and understands that full blocks are the opposite of good.

Evidently a system that pisses off its users is b'locks.

Extra capacity is required asap.

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

the price is pretty stable right now and i think that it is a good thing for now as people can be more sure that they will not lose money

There is no such thing as "stable" in bitcoinlandia during this time period that we are experiencing an market cap of any amount less than $100 billion-ish... and probably, we will need to experience a market cap closer to $1trillion before we may be feeling more comfortable to put the word stable into our vocabulary when we are referring to bitcoin and its prices.

Accordingly, may take 5 years or more to reach such market cap levels, but never say never in bitcoinlandia, when we got people like Adam and some others that are kind of sticking to their guns concerning their somewhat reasonable predictions of a $32k bitcoin price in less than 2 years (and more like 18 months).  By the way, a $32k BTC price would put us approximately approaching the $500 billion market cap arena.... and for me, less than 2 years to achieve a $500 billion market cap seem quite optimistic and maybe even in the less than 3% odds of actually happening... not impossible, but not really worthy of betting the farm (or any other significant asset) on such probability.

[nomnomnom]

Like you don't need a gun to kill an ant, you don't need bitcoin to buy your damned coffee. Bitcoin is for gentlemen's transactions. Capisc?

There are those who would say this to you:

Pay up or use PayPal.

I am so sick reading stuff like this over and over. This kind of elitist thinking is very dangerous imho.
The Whitepaper says "A peer to peer cash" system. As long as lightning network and co are not production ready
the coffee goes in the blockchain - deal with it.

Also the 7$/TX theoretical cost ist retarded, this is mostly because the 1MB blocklimit, if we would raise it to say 10MB
it would go down to 0,70$/TX and so on. ( of course this shit is inefficient, but it makes sooo much economic sense wtf )

I know decentralization above everything blabla, but I think we have to make a tradeoff here, most fullnodes are servers or on cable
connections anyway. Those machines don't care much if the blocksize is 1, 2, 4 or 8 MB... They run anyway, top 5 fullnode networks:

Code:

1	OVH SAS	366 (6.39%)
2	Comcast Cable Communications, Inc.	343 (5.99%)
3	Hetzner Online GmbH	228 (3.98%)
4	Amazon.com, Inc.	218 (3.81%)
5	Hetzner Online AG RZ	147 (2.57%)

[gentlemand]

I am so sick reading stuff like this over and over. This kind of elitist thinking is very dangerous imho.

Can we get this guy liquidated? I've just returned from a Blockstream reeducation camp. He's making me doubt my position now. I don't like having doubts brought into my brave new future.

[CuntChocula]

On the bright side: In space, no one can hear you scream

[Elwar]

decentralization above everything blabla

This.

[HeXaN]

Like you don't need a gun to kill an ant, you don't need bitcoin to buy your damned coffee. Bitcoin is for gentlemen's transactions. Capisc?

There are those who would say this to you:

Pay up or use PayPal.

I am so sick reading stuff like this over and over. This kind of elitist thinking is very dangerous imho.
The Whitepaper says "A peer to peer cash" system. As long as lightning network and co are not production ready
the coffee goes in the blockchain - deal with it.

Also the 7$/TX theoretical cost ist retarded, this is mostly because the 1MB blocklimit, if we would raise it to say 10MB
it would go down to 0,70$/TX and so on. ( of course this shit is inefficient, but it makes sooo much economic sense wtf )

I know decentralization above everything blabla, but I think we have to make a tradeoff here, most fullnodes are servers or on cable
connections anyway. Those machines don't care much if the blocksize is 1, 2, 4 or 8 MB... They run anyway, top 5 fullnode networks:

Code:

1	OVH SAS	366 (6.39%)
2	Comcast Cable Communications, Inc.	343 (5.99%)
3	Hetzner Online GmbH	228 (3.98%)
4	Amazon.com, Inc.	218 (3.81%)
5	Hetzner Online AG RZ	147 (2.57%)

The problem is from miners, they dont accept it, and the miners control bitcoin...

[CuntChocula]

...
The problem is from miners, they dont accept it, and the miners control bitcoin...

Not miners, it's the Economic Majority who control Bitcoin.

jk. it's Blockstream.