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

[Laosai]

and market is ( or was at least ) pricing in this Mage FUD   buy buy buy!

Ahah! Like this point of view

But yeah seems like the size issue is actually gonna be resolved more or less democratically!

[1714651831]

1714651831

[1714651831]

1714651831

[solitude]

So what happened to this fat piece of shit Mark Karpeles?  Did the nips off his fat ass in jail?

The kike media hasn't been reporting on him in months.

I guess the kikes were too busy spreading FUD about bitcoin.

[Andre#]

We're already seeing blocks fill up on this pump. I'm curious as to how a rally can be sustained when confirmation times take hours.

Yeah, right, whatever.  


The last six months regarding the average block size look pretty stable to me, with a slightly upward trend in the chart.. and that upward trend in the approximately 60% capacity arena potentially could be nearly completely resolved by seg wit.

https://blockchain.info/charts/avg-block-size?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

After seg wit goes into effect, then we can assess the situation and regroup... ..

In other words, transactions etc seem to be going pretty well on the technical side of bitcoin, and maybe some of the public is coming to realize that there are really not any technical problems in bitcoin, and accordingly, if you keep doubling down in selling your supposedly existing coins based on these upward BTC price movements, we may be relieved of you from bitcoin and your baloney posts very, very soon.      

Okay, currently blocks are around 0.65 MB, almost double from one year ago (0.35 MB), while the average max. size is around 0.9 MB (assuming almost 1 in 10 blocks is empty). The local minimum average block sizes have been steadily going up in the past half year (which you call "pretty stable"):

- Sep: 0.39 MB
- Oct: 0.43 MB
- Dec: 0.49 MB
- Jan: 0.53 MB

Until mid 2015, the local maxima rarely came above 0.4 MB. That's anything but stable. At this rate, the shit hits the fan in a few months from now.

This graph shows the picture a bit more clearly.
https://blockchain.info/charts/avg-block-size?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=

[Laosai]

We're already seeing blocks fill up on this pump. I'm curious as to how a rally can be sustained when confirmation times take hours.

Yeah, right, whatever.  


The last six months regarding the average block size look pretty stable to me, with a slightly upward trend in the chart.. and that upward trend in the approximately 60% capacity arena potentially could be nearly completely resolved by seg wit.

https://blockchain.info/charts/avg-block-size?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

After seg wit goes into effect, then we can assess the situation and regroup... ..

In other words, transactions etc seem to be going pretty well on the technical side of bitcoin, and maybe some of the public is coming to realize that there are really not any technical problems in bitcoin, and accordingly, if you keep doubling down in selling your supposedly existing coins based on these upward BTC price movements, we may be relieved of you from bitcoin and your baloney posts very, very soon.      

Okay, currently blocks are around 0.65 MB, almost double from one year ago (0.35 MB), while the average max. size is around 0.9 MB (assuming almost 1 in 10 blocks is empty). The local minimum average block sizes have been steadily going up in the past half year (which you call "pretty stable"):

- Sep: 0.39 MB
- Oct: 0.43 MB
- Dec: 0.49 MB
- Jan: 0.53 MB

Until mid 2015, the local maxima rarely came above 0.4 MB. That's anything but stable. At this rate, the shit hits the fan in a few months from now.

This graph shows the picture a bit more clearly.
https://blockchain.info/charts/avg-block-size?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=

Well thanks for the graph.

Indeed you can't really call that stable... I wonder what will happen if it hits the 0.9 before anything is done... Will the tx simply queue? They'll be proceeded in order or randomly? Maybe taking the fee into account?

You gotta take that into account too, even currently lots of tx might have no fee at all. For this one well they should do less transactions and pay a fee with it. That should help a little no?

[Andre#]

We're already seeing blocks fill up on this pump. I'm curious as to how a rally can be sustained when confirmation times take hours.

Yeah, right, whatever.  


The last six months regarding the average block size look pretty stable to me, with a slightly upward trend in the chart.. and that upward trend in the approximately 60% capacity arena potentially could be nearly completely resolved by seg wit.

https://blockchain.info/charts/avg-block-size?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

After seg wit goes into effect, then we can assess the situation and regroup... ..

In other words, transactions etc seem to be going pretty well on the technical side of bitcoin, and maybe some of the public is coming to realize that there are really not any technical problems in bitcoin, and accordingly, if you keep doubling down in selling your supposedly existing coins based on these upward BTC price movements, we may be relieved of you from bitcoin and your baloney posts very, very soon.      

Okay, currently blocks are around 0.65 MB, almost double from one year ago (0.35 MB), while the average max. size is around 0.9 MB (assuming almost 1 in 10 blocks is empty). The local minimum average block sizes have been steadily going up in the past half year (which you call "pretty stable"):

- Sep: 0.39 MB
- Oct: 0.43 MB
- Dec: 0.49 MB
- Jan: 0.53 MB

Until mid 2015, the local maxima rarely came above 0.4 MB. That's anything but stable. At this rate, the shit hits the fan in a few months from now.

This graph shows the picture a bit more clearly.
https://blockchain.info/charts/avg-block-size?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=

Well thanks for the graph.

Indeed you can't really call that stable... I wonder what will happen if it hits the 0.9 before anything is done... Will the tx simply queue? They'll be proceeded in order or randomly? Maybe taking the fee into account?

You gotta take that into account too, even currently lots of tx might have no fee at all. For this one well they should do less transactions and pay a fee with it. That should help a little no?

A tiny minory of tx are processed without fees (214 in the past 24 hours, see https://bitcoinfees.21.co/ ). I think these are mostly payouts of mining pools to miners (what's the point of including a fee to pay yourself?), but I'm not sure. Miners can pick and chose which tx to process. So if there's a persistent lack of capacity, expect the ones with the lowest fees not to be processed. They will be stuck for some days until they expire.

The challenge will be predict what fee you need to pay to avoid your tx to end up stuck. Kind of like going to the supermarket and having to price yourself the items that you buy, running the risk that you'll never make it past the cashier because the price you picked was too low (while the cashiers serve the highest paying customers first).

[600watt]

coming soon to an exchange near you:

yeah. 

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

Playbook of insane lunacy, Bitcoin edition. Get your copy today!

[Denker]

Yes!
Bitcoinwisdom shows $400 on average!!
Welcome back!And please stay!!!

[JayJuanGee]

and market is ( or was at least ) pricing in this Mage FUD   buy buy buy!

Mage FUD?  Since when is the CEO of Coinbase a Mage?  Is this World of Warcraft?

And what exactly is FUD about what he said?  I'm no coinbase shill, I hate the company, but what he's saying is right.

Why the fuck are we still at 1mb blocksize?  Why are there so many FUDsters and SHILLS on the CORE side?

I stopped mining about a year about because I'm not a chink with free electricity, but I started running a classic node yesterday.

Fuck these Core Cocksuckers and their bankster special interests (and fuck theymos with a giant black dildo while we're at it, im sure his asshole's circumference is the size of a meteor crater anyway)




Make America Great Again!

I hate to break the news to you but most of the shills are not core supporters... because it seems that in essence the presumption is with the status quo, and that is core.. therefore, the burden of persuasion is on classic/XT to convince to change the status quo. 

[hf100]

Yes!
Bitcoinwisdom shows $400 on average!!
Welcome back!And please stay!!!

Why's it gone over $400 on stamp? Is there no real reason or has something happened to pump up the price? I can't find any giant events that are responsible for it like the US government has decided to ditch the dollar and switch to using nothing but bitcoin.

[madmat]

Yes!
Bitcoinwisdom shows $400 on average!!
Welcome back!And please stay!!!

Why's it gone over $400 on stamp? Is there no real reason or has something happened to pump up the price? I can't find any giant events that are responsible for it like the US government has decided to ditch the dollar and switch to using nothing but bitcoin.

First classic block.

Look at the version of the block :
https://blockchain.info/fr/block-height/398364

[JayJuanGee]

We're already seeing blocks fill up on this pump. I'm curious as to how a rally can be sustained when confirmation times take hours.

Yeah, right, whatever.  


The last six months regarding the average block size look pretty stable to me, with a slightly upward trend in the chart.. and that upward trend in the approximately 60% capacity arena potentially could be nearly completely resolved by seg wit.

https://blockchain.info/charts/avg-block-size?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

After seg wit goes into effect, then we can assess the situation and regroup... ..

In other words, transactions etc seem to be going pretty well on the technical side of bitcoin, and maybe some of the public is coming to realize that there are really not any technical problems in bitcoin, and accordingly, if you keep doubling down in selling your supposedly existing coins based on these upward BTC price movements, we may be relieved of you from bitcoin and your baloney posts very, very soon.      

Okay, currently blocks are around 0.65 MB, almost double from one year ago (0.35 MB), while the average max. size is around 0.9 MB (assuming almost 1 in 10 blocks is empty). The local minimum average block sizes have been steadily going up in the past half year (which you call "pretty stable"):

- Sep: 0.39 MB
- Oct: 0.43 MB
- Dec: 0.49 MB
- Jan: 0.53 MB

Until mid 2015, the local maxima rarely came above 0.4 MB. That's anything but stable. At this rate, the shit hits the fan in a few months from now.

This graph shows the picture a bit more clearly.
https://blockchain.info/charts/avg-block-size?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=

O.k.

More or less we are talking about the same facts.  The link i provided is six months, and the one you provided is two years.


this is a great "problem" to have, increased growth.  That is great, and I am sure over the coming months there are going to be various resolutions, including seg wit will address part of this.  Possibly also there may be a need to consider some kind of block increase, including the possibility of a 1 mb to 2 mb increase as has been proposed or some other variation will work out in the coming months or maybe within the year.  But in any event, there is no need to panic, yet, because bitcoin does not appear to be broken, and seems to have a good problem (increased users).

[billyjoeallen]

400 held!!!!! That means I don't have to close my short...yet.

Actually watching a wall on the wall observer thread. Whoooda thunk it?

The catch is that the was was invisible. Heluva thing watching bulls batter it over and over without making a dent.

Apparently the market had the opposite reaction that I had to the miner letter. Optimists, I guess.
I don't think it means something until it means something.

[JayJuanGee]

400 held!!!!! That means I don't have to close my short...yet.

Actually watching a wall on the wall observer thread. Whoooda thunk it?

The catch is that the was was invisible. Heluva thing watching bulls batter it over and over without making a dent.

Apparently the market had the opposite reaction that I had to the miner letter. Optimists, I guess.
I don't think it means something until it means something.

It's not over yet.  Gosh, we just broke over $400 for a few minutes, and you are calling the end of $400, already?   Strange.


Maybe you are right, but it seems fairly likely that we will be going into the $400s, maybe approaching $420 within a few days.  I would place it at decent odds, rather than attempting to call it for sure one way or another at this point.

[hf100]

400 held!!!!! That means I don't have to close my short...yet.

Actually watching a wall on the wall observer thread. Whoooda thunk it?

The catch is that the was was invisible. Heluva thing watching bulls batter it over and over without making a dent.

Apparently the market had the opposite reaction that I had to the miner letter. Optimists, I guess.
I don't think it means something until it means something.

It's not over yet.  Gosh, we just broke over $400 for a few minutes, and you are calling the end of $400, already?   Strange.


Maybe you are right, but it seems fairly likely that we will be going into the $400s, maybe approaching $420 within a few days.  I would place it at decent odds, rather than attempting to call it for sure one way or another at this point.

It briefly dipped back below 2700 CNY then went back up over it. The $400 and 2700 CNY prices are the crucial barriers today. There's been a retrace from ~2730 CNY and now it might pump back up again provided it can get past all the Chinese ask walls. Perhaps the second and third classic blocks will do the trick.

[bargainbin]

First Classic block mined!!

[JayJuanGee]

400 held!!!!! That means I don't have to close my short...yet.

Actually watching a wall on the wall observer thread. Whoooda thunk it?

The catch is that the was was invisible. Heluva thing watching bulls batter it over and over without making a dent.

Apparently the market had the opposite reaction that I had to the miner letter. Optimists, I guess.
I don't think it means something until it means something.

It's not over yet.  Gosh, we just broke over $400 for a few minutes, and you are calling the end of $400, already?   Strange.


Maybe you are right, but it seems fairly likely that we will be going into the $400s, maybe approaching $420 within a few days.  I would place it at decent odds, rather than attempting to call it for sure one way or another at this point.

It briefly dipped back below 2700 CNY then went back up over it. The $400 and 2700 CNY prices are the crucial barriers today. There's been a retrace from ~2730 CNY and now it might pump back up again provided it can get past all the Chinese ask walls. Perhaps the second and third classic blocks will do the trick.

This pump has been a fairly slow and steady movement up from $380 to $400, and we could experience a few more days of this kind of slow upward  movement.  I don't really know, but I am just saying that it is possible, and I am not sure about the reason(s) why except likely we are just moving back into the lower $400s after spending weeks in the post Mike Hearn etc shenanigans... and maybe the btc market is kind of figuring out that the mike hearn shenanigans was a bit of bullshit hype and overblown?

[Laosai]

400 held!!!!! That means I don't have to close my short...yet.

Actually watching a wall on the wall observer thread. Whoooda thunk it?

The catch is that the was was invisible. Heluva thing watching bulls batter it over and over without making a dent.

Apparently the market had the opposite reaction that I had to the miner letter. Optimists, I guess.
I don't think it means something until it means something.

From what i see you're just incredibly pessimistic. You have more faith in then crash of btc that more bitcoiners have in its success ^^

Seems like you were wrong though. I don't really understand why you have no faith in this currency. No reason for it to go down from what I know.

[Laosai]

We're already seeing blocks fill up on this pump. I'm curious as to how a rally can be sustained when confirmation times take hours.

Yeah, right, whatever.  


The last six months regarding the average block size look pretty stable to me, with a slightly upward trend in the chart.. and that upward trend in the approximately 60% capacity arena potentially could be nearly completely resolved by seg wit.

https://blockchain.info/charts/avg-block-size?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

After seg wit goes into effect, then we can assess the situation and regroup... ..

In other words, transactions etc seem to be going pretty well on the technical side of bitcoin, and maybe some of the public is coming to realize that there are really not any technical problems in bitcoin, and accordingly, if you keep doubling down in selling your supposedly existing coins based on these upward BTC price movements, we may be relieved of you from bitcoin and your baloney posts very, very soon.      

Okay, currently blocks are around 0.65 MB, almost double from one year ago (0.35 MB), while the average max. size is around 0.9 MB (assuming almost 1 in 10 blocks is empty). The local minimum average block sizes have been steadily going up in the past half year (which you call "pretty stable"):

- Sep: 0.39 MB
- Oct: 0.43 MB
- Dec: 0.49 MB
- Jan: 0.53 MB

Until mid 2015, the local maxima rarely came above 0.4 MB. That's anything but stable. At this rate, the shit hits the fan in a few months from now.

This graph shows the picture a bit more clearly.
https://blockchain.info/charts/avg-block-size?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=

Well thanks for the graph.

Indeed you can't really call that stable... I wonder what will happen if it hits the 0.9 before anything is done... Will the tx simply queue? They'll be proceeded in order or randomly? Maybe taking the fee into account?

You gotta take that into account too, even currently lots of tx might have no fee at all. For this one well they should do less transactions and pay a fee with it. That should help a little no?

A tiny minory of tx are processed without fees (214 in the past 24 hours, see https://bitcoinfees.21.co/ ). I think these are mostly payouts of mining pools to miners (what's the point of including a fee to pay yourself?), but I'm not sure. Miners can pick and chose which tx to process. So if there's a persistent lack of capacity, expect the ones with the lowest fees not to be processed. They will be stuck for some days until they expire.

The challenge will be predict what fee you need to pay to avoid your tx to end up stuck. Kind of like going to the supermarket and having to price yourself the items that you buy, running the risk that you'll never make it past the cashier because the price you picked was too low (while the cashiers serve the highest paying customers first).

Ahah! Ok so all tx do have fees.

It gonna be hard having a good estimation of the fee you gotta pay. But what if you're wrong? Will your tx be stuck until it's randomly chosen to complete a block? Or will it be lost until a miner finally accepts it as the fee is high enough compared to other tx of a block?

What I mean is: will it be random or it might get stuck until the end of the time if other tx always have a higher fee?