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

[bargainbin]

...
bitcoin does scale!
...

Why price can't stay up on its own? Why it go all flaccid & droopy when pumping stops?

Bitcoin is hardly flaccid and droopy.

In early November 2015, we got a pump to $502... however, BTC prices have been largely between $360 and $460 thereafter.  I would hardly call those price dynamics flaccid and droopy.. instead I would call that "in a pretty decent place."


Yeah, sure, BTC prices may go back into the $300s and maybe even there could be another attempt at going below $350... but it is seeming less and less likely and more and more difficult to bring bitcoin below those seemingly firm price points.. There have been attempts to bring BTC prices below $400 in the past month, and even that has been seemingly difficult.. I would hardly call that flaccid and droopy.

In other words,

It's flaccid alright.
Flaccid. Limp and droopy, like a postcoital D.

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[adamstgBit]

new low, its gonna crash!!!!!!!

[bargainbin]

new low, its gonna crash!!!!!!!

Last chance to buy above 420?
Buy now and cry later?

[adamstgBit]

new low, its gonna crash!!!!!!!

Last chance to buy above 420?
Buy now and cry later?

todays last chance anyway...

buy now sell it back a little lower and then really cry 3 months later.

[aztecminer]

until it scales it still doesn't scale.. *TALKING* about how technology will improve bitcoin in the future for MONTHS and MONTHS shows how gimped bitcoin really is .. talking about how your going to do this and your going to do that when you havent done a dam thing in eleven months of talking about it! why cant you get it done ?? whats the hold up ?? that is the best you can do is TALK about what your gonna do .. its like janet yellen tellin us that she can fix the monetary system by negative interest rates which she hasn't done yet . your coin still doesnt scale and until it does it still doesnt regardless of how much trash u talk about how it is going to scale in future cuz bitcoin and internet speeds... internet speed is already fast as hell ... i am about to upgrade to 100M fiber links into this company and your telling me bitcoin not scaling is cuz 100M fiber isnt fast enough for it ??

The equivalent is that a 100 Mbps fiber link would be useless without a large TCP window*.

Nobody said the internet won't scale because it can't do proper scaling with many "transactions" of small packets (there are serious problems with round-trip delay) and only scales due to less "transactions" of much bigger packets. They just raised the value of the payload and that was it. If you try to manually set it to something like 100 bytes, you'll see some funny speeds of a few mbps at most - because your capacity is wasted through inefficiency.

Bitcoin can currently do around 100mn transactions per year (~270k per day x 365).

Bitcoin can move around 100mn $ per year if its every transaction has an average value / payload of 1$.
Bitcoin can move around 100bn $ per year if its every transaction has an average value / payload of 1000$.
Bitcoin can move around 1 trn $ per year if its every transaction has an average value / payload of 10000$.

How you use the network counts greatly in how much money you can move around.


* https://en.wikipedia.org/wiki/TCP_window_scale_option

(I haven't yet read the 11-part post), will get back to you on that.

i'm a systems network engineer during the day. in other words i work with network hardware and server hardware... i do not need to make any changes from the basic tcp window of 1500 on my switches unless i am utilizing jumbo frames, and then i just enable window mtu of 9014 between switches that require jumbo frames to transfer between them.. example: i only enable jumbo frames for running backups so i can backup my data faster, although i do have jumbo frames on for SQL database servers, but that is for backup the database purposes more than worrying about the small SQL queries... the truth is that internet speed is so fast now that we cant blame the internet for bitcoins scaling problem .

[adamstgBit]

i have a 1GBps connection with unlimited bandwidth.

if we all hook on to my super fast internet we can scale bitcoin! 

[AlexGR]

the truth is that internet speed is so fast now that we cant blame the internet for bitcoins scaling problem .

From what I read in the 11-part piece, you obviously have bitcoin related issues all around. You don't have problem with scaling. You have problem with pretty much everything bitcoin-related.

Things on the list were stuff like

"What if people don't have phones and PCs"
"Why only 21mn coins if people constantly lose coins, we'll have to issue more >21mn to compensate"
"It's unsafe because people lose coins and get hacked"
"Bitcoin is unconstitutional because of no privacy"

...so, pardon me if I can't really take your interest in scaling tx/s as genuine.

[bargainbin]

i have a 1GBps connection with unlimited bandwidth.

if we all hook on to my super fast internet we can scale bitcoin!  

Yes, but would that be the decentralized, highly diverse, antifragile censorship-resistant Bitcoin networkthat also gives great head we were led to expect?

[aztecminer]

i have a 1GBps connection with unlimited bandwidth.

if we all hook on to my super fast internet we can scale bitcoin!  

adam, do u have 1G to the desktop ?? in other words, what cat cable are you using ?? are you using cat5 or cat6 cabling throughout your home network ?? do you have 1G ports on your internet modem and your router and switches and pc ??

the TCP window is NOT going to make a difference how much of the block is being used up.. the tcp window only means how big of a tcp block you are transmitting. in my case for jumbo frames, i am moving a 9014 tcp block rather than a 1500 tcp block .. its really only good for backups or moving large blocks of data.. it has ZERO to do with how many transactions is inside a bitcoin blackchain block . ok you all experts went way off into right field pop up with the tcp window thing and bitcoin scaling .

[AlexGR]

the TCP window is NOT going to make a difference how much of the block is being used up.. the tcp window only means how big of a tcp block you are transmitting. in my case for jumbo frames, i am moving a 9014 tcp block rather than a 1500 tcp block .. its really only good for backups or moving large blocks of data.. it has ZERO to do with how many transactions is inside a bitcoin blackchain block . ok you all experts went way off into right field pop up with the tcp window thing and bitcoin scaling .

What I wrote is an analogy.

TCP's efficiency rises with increase in payload, as does bitcoin's (its payload being the value transacted).

You don't need 1000 packets of 60 bytes if you can send 1 packet with 60000 bytes. Doing it so in 1000x60 is problematic.

Likewise, you can send 1000 bitcoin txs of 0.0001 that are inefficient, or you can aggregate them and send them as a 0.1 BTC tx.

There is no reason sitting there complaining why the system won't process 1000 dust/spam txs of 0.0001 and saying "gimpedcoin  "

The internet is not a failure because it scaled by aggregating data in less data "txs".

[aztecminer]

the truth is that internet speed is so fast now that we cant blame the internet for bitcoins scaling problem .

From what I read in the 11-part piece, you obviously have bitcoin related issues all around. You don't have problem with scaling. You have problem with pretty much everything bitcoin-related.

Things on the list were stuff like

"What if people don't have phones and PCs"
"Why only 21mn coins if people constantly lose coins, we'll have to issue more >21mn to compensate"
"It's unsafe because people lose coins and get hacked"
"Bitcoin is unconstitutional because of no privacy"

...so, pardon me if I can't really take your interest in scaling tx/s as genuine.

i always said friends was better then enemies.. i just happened to point out all bitcoin weakness in september 2015.. and none of those weaknesses have changed.. you all are betting on bitcoin to become some reserve currency and i have pointed out why that is not going to happen, at least for now. i own a bunch of bitcoins which is a good enough reason for me to apply pressure and force the scaling issue ... this morning i am on one just for heck of it.. i posted a bitcoin rant to twitter over the weekend just for easter with turdsville and jim willie podcast just to help out with the fud.. i post this garbage to the pm and other forums too.. i'm helping to spread the word about bitcoin. problem is, i have no reasons to lie about what i know about bitcoin. i might be less against ya had been more friendly, but i tend to turn against those who are biatches .

[adamstgBit]

i have a 1GBps connection with unlimited bandwidth.

if we all hook on to my super fast internet we can scale bitcoin!  

adam, do u have 1G to the desktop ?? in other words, what cat cable are you using ?? are you using cat5 or cat6 cabling throughout your home network ?? do you have 1G ports on your internet modem and your router and switches and pc ??

the TCP window is NOT going to make a difference how much of the block is being used up.. the tcp window only means how big of a tcp block you are transmitting. in my case for jumbo frames, i am moving a 9014 tcp block rather than a 1500 tcp block .. its really only good for backups or moving large blocks of data.. it has ZERO to do with how many transactions is inside a bitcoin blackchain block . ok you all experts went way off into right field pop up with the tcp window thing and bitcoin scaling .

i was told it was fiber optic technology, cannibalized from the UFO they recovered in roswell,
after hooking it up, i swear i heard my computer go Vrom Vroom !

[aztecminer]

the TCP window is NOT going to make a difference how much of the block is being used up.. the tcp window only means how big of a tcp block you are transmitting. in my case for jumbo frames, i am moving a 9014 tcp block rather than a 1500 tcp block .. its really only good for backups or moving large blocks of data.. it has ZERO to do with how many transactions is inside a bitcoin blackchain block . ok you all experts went way off into right field pop up with the tcp window thing and bitcoin scaling .

What I wrote is an analogy.

TCP's efficiency rises with increase in payload, as does bitcoin's (its payload being the value transacted).

You don't need 1000 packets of 60 bytes if you can send 1 packet with 60000 bytes. Doing it so in 1000x60 is problematic.

Likewise, you can send 1000 bitcoin txs of 0.0001 that are inefficient, or you can aggregate them and send them as a 0.1 BTC tx.

There is no reason sitting there complaining why the system won't process 1000 dust/spam txs of 0.0001 and saying "gimpedcoin  "

The internet is not a failure because it scaled by aggregating data in less data "txs".

when the blocks are full then they are full. way you make it sound we dont need a fix for bitcoin to scale. all the talk about bitcoin not scaling... homeboy selling all his bitcoins in an epic rant.. all that stuff was for heck of it. the problem has disappeared now because we can just take all the micro-transactions and squash them into one big transaction and wala magic presto bitcoin . ok now bitcoin is fixed (see how easy that was) we can go ahead and rocket on up. no reason for us to stay below $500 now.. onward! my prediction should be broken this week with this new revelations about bitcoin .

[adamstgBit]

the TCP window is NOT going to make a difference how much of the block is being used up.. the tcp window only means how big of a tcp block you are transmitting. in my case for jumbo frames, i am moving a 9014 tcp block rather than a 1500 tcp block .. its really only good for backups or moving large blocks of data.. it has ZERO to do with how many transactions is inside a bitcoin blackchain block . ok you all experts went way off into right field pop up with the tcp window thing and bitcoin scaling .

What I wrote is an analogy.

TCP's efficiency rises with increase in payload, as does bitcoin's (its payload being the value transacted).

You don't need 1000 packets of 60 bytes if you can send 1 packet with 60000 bytes. Doing it so in 1000x60 is problematic.

Likewise, you can send 1000 bitcoin txs of 0.0001 that are inefficient, or you can aggregate them and send them as a 0.1 BTC tx.

There is no reason sitting there complaining why the system won't process 1000 dust/spam txs of 0.0001 and saying "gimpedcoin  "

The internet is not a failure because it scaled by aggregating data in less data "txs".

when the blocks are full then they are full. way you make it sound we dont need a fix for bitcoin to scale. all the talk about bitcoin not scaling... homeboy selling all his bitcoins in an epic rant.. all that stuff was for heck of it. the problem has disappeared now because we can just take all the micro-transactions and squash them into one big transaction and wala magic presto bitcoin . ok now bitcoin is fixed (see how easy that was) we can go ahead and rocket on up. no reason for us to stay below $500 now.. onward! my prediction should be broken this week with this new revelations about bitcoin .

there you go now you got it.

[adamstgBit]

looks like we found support (423ish)

[JayJuanGee]

...
bitcoin does scale!
...

Why price can't stay up on its own? Why it go all flaccid & droopy when pumping stops?

Bitcoin is hardly flaccid and droopy.

In early November 2015, we got a pump to $502... however, BTC prices have been largely between $360 and $460 thereafter.  I would hardly call those price dynamics flaccid and droopy.. instead I would call that "in a pretty decent place."


Yeah, sure, BTC prices may go back into the $300s and maybe even there could be another attempt at going below $350... but it is seeming less and less likely and more and more difficult to bring bitcoin below those seemingly firm price points.. There have been attempts to bring BTC prices below $400 in the past month, and even that has been seemingly difficult.. I would hardly call that flaccid and droopy.

In other words, BTC prices got pushed up to $502 and has stayed pretty resilient in the past about 5 months.  Looking good.

Marshal's Auction Pump of 2015.....

Your lil theory about the feds wanting to pump bitcoin makes little to no sense.

Contrary to your assumptions, bitcoin remains decentralized, and therefore the feds consider it as something that they would like to keep down rather than to pump......

Accordingly, those people pumping bitcoin from the $250s to $502 were largely speculators,  bulls and maybe even some bears who wanted to jump on the short term momentum train in order to be able to short at a higher price.... that group does not include fed bears because fed bears can print however the fuck much amount of money that they want, and they have NO incentive to attempt to make a few extra million off of the price difference in a marshall auction of less than 50k coins.

Snap out of your fantasy Mr. Aztec, and discontinue with your looney theories from Fantaztecminer.com

[JayJuanGee]

...
bitcoin does scale!
...

Why price can't stay up on its own? Why it go all flaccid & droopy when pumping stops?

Bitcoin is hardly flaccid and droopy.

In early November 2015, we got a pump to $502... however, BTC prices have been largely between $360 and $460 thereafter.  I would hardly call those price dynamics flaccid and droopy.. instead I would call that "in a pretty decent place."


Yeah, sure, BTC prices may go back into the $300s and maybe even there could be another attempt at going below $350... but it is seeming less and less likely and more and more difficult to bring bitcoin below those seemingly firm price points.. There have been attempts to bring BTC prices below $400 in the past month, and even that has been seemingly difficult.. I would hardly call that flaccid and droopy.

In other words,

It's flaccid alright.
Flaccid. Limp and droopy, like a postcoital D.

You can repeat your conclusion all that you like, but you have no analysis, logic or facts in order to attempt to describe or support how you arrived at such a wishful-thinking conclusion.

[tomothy]

Replace Cash? Why wouldn't there be an institutional agenda to replace cash? Cash IS anonymous. It can go missing; inventory, sales, payroll, can all be adjusted using cash. People don't like paying taxes. Transactions recorded on a ledger have more difficulty being fudged. How do you implement negative interest rates when people are using cash? It's difficult. Bitcoin is amazing and I think we will see a bump around July but don't kid yourself the government wants it to succeed, or rather, their version, the one that allows data tracking on everything. The question then is which version is theirs and which is the liberty people's. (Maybe they all are?).  

[aztecminer]

the TCP window is NOT going to make a difference how much of the block is being used up.. the tcp window only means how big of a tcp block you are transmitting. in my case for jumbo frames, i am moving a 9014 tcp block rather than a 1500 tcp block .. its really only good for backups or moving large blocks of data.. it has ZERO to do with how many transactions is inside a bitcoin blackchain block . ok you all experts went way off into right field pop up with the tcp window thing and bitcoin scaling .

What I wrote is an analogy.

TCP's efficiency rises with increase in payload, as does bitcoin's (its payload being the value transacted).

You don't need 1000 packets of 60 bytes if you can send 1 packet with 60000 bytes. Doing it so in 1000x60 is problematic.

Likewise, you can send 1000 bitcoin txs of 0.0001 that are inefficient, or you can aggregate them and send them as a 0.1 BTC tx.

There is no reason sitting there complaining why the system won't process 1000 dust/spam txs of 0.0001 and saying "gimpedcoin  "

The internet is not a failure because it scaled by aggregating data in less data "txs".

when the blocks are full then they are full. way you make it sound we dont need a fix for bitcoin to scale. all the talk about bitcoin not scaling... homeboy selling all his bitcoins in an epic rant.. all that stuff was for heck of it. the problem has disappeared now because we can just take all the micro-transactions and squash them into one big transaction and wala magic presto bitcoin . ok now bitcoin is fixed (see how easy that was) we can go ahead and rocket on up. no reason for us to stay below $500 now.. onward! my prediction should be broken this week with this new revelations about bitcoin .

there you go now you got it.

this sideways action at this range is break even on my cold storage. if goes down below $300 where it should be atm then that might be a buy.. if it rockets up i would be happy with you since my cold storage would increase in fiat value (not sure if this really matters though) .. i am just playing this out until obama is out of office .. i wont be liquidating cold storage bitcoins. i figure i have all kinds of room to talk lots of trash since my predictions are true.. bitcoin might very well stay within the $350-$500 range the entire rest of the year ... maybe it might make a move towards the end of the year as obamaturds prepares to be booted from wh .

[aztecminer]

...
bitcoin does scale!
...

Why price can't stay up on its own? Why it go all flaccid & droopy when pumping stops?

Bitcoin is hardly flaccid and droopy.

In early November 2015, we got a pump to $502... however, BTC prices have been largely between $360 and $460 thereafter.  I would hardly call those price dynamics flaccid and droopy.. instead I would call that "in a pretty decent place."


Yeah, sure, BTC prices may go back into the $300s and maybe even there could be another attempt at going below $350... but it is seeming less and less likely and more and more difficult to bring bitcoin below those seemingly firm price points.. There have been attempts to bring BTC prices below $400 in the past month, and even that has been seemingly difficult.. I would hardly call that flaccid and droopy.

In other words, BTC prices got pushed up to $502 and has stayed pretty resilient in the past about 5 months.  Looking good.

Marshal's Auction Pump of 2015.....

Your lil theory about the feds wanting to pump bitcoin makes little to no sense.

Contrary to your assumptions, bitcoin remains decentralized, and therefore the feds consider it as something that they would like to keep down rather than to pump......

Accordingly, those people pumping bitcoin from the $250s to $502 were largely speculators,  bulls and maybe even some bears who wanted to jump on the short term momentum train in order to be able to short at a higher price.... that group does not include fed bears because fed bears can print however the fuck much amount of money that they want, and they have NO incentive to attempt to make a few extra million off of the price difference in a marshall auction of less than 50k coins.

Snap out of your fantasy Mr. Aztec, and discontinue with your looney theories from Fantaztecminer.com

you think exactly what they want you to think.. i bet you think everything is just like on tv too don't you ??