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

[DaRude]

The big-blockers need to fork off already so that we can get on with Project Bitcoin, Satoshi's Vision and not this twisted Kore-Coin crapola.

If we don't, price will continue to stagnate.

Bitcoin has the potential to benefit in infinite ways from the global economic turmoil that is around the corner. In this way, BTC's price could spike to unimaginable highs. But it will never happen with no scaling solution, BTC simply could not handle an increase in 100 million+ users. There is no time to wait 5 years for this imaginary "Lightning Network" to suddenly manifest from vaporware into reality.

FORK IT ALREADY.

Ahh those bloody idiots are back  

Can you do no maths? How big will the blocks need to be to "handle an increase in 100 million+ users"   yeah maths are hard. Please fork off already to your alt and have fun just don't call it bitcoin to confuse people

Stop pretending that the present technology couldn't handle large blocks.

Perhaps the solution is to do both (blocksize increase and off-chain LN type deal)

But you can't just do one, or the other. Core has refused to compromise over and over, they refuse to raise the blocksize to even 2mb which pretty much everyone agrees could be very EASILY handled.

Core has shown they have no leadership skills, no vision and are motivated primarily to their own self-serving egos. They do not serve the greater whole. Furthermore, they engage in a deceptive campaign of censorship and other shady tactics to force their own side to "win", this has needlessly damaged the Bitcoin community itself by refusing to even allow certain discussions. The community has been effectively divided in this way. Can you even quantify the damage that has been done to all of us as a result of this?

You can ignore it all if you want, but it will hurt you in the end.

+1!

LN is inevitable and desirable ( very desirable )
and same goes for bigger blocks...
the solution is so obviously "both" its not even funny.
segwit softfork is a magic trick, if you dont know how its done you're amazed, if you do you're unimpressed.
we need simple incress and simple segwit.
we need these things hardforked in, and we need to utilize synthetic forks to do that gracefully.
we need a to foster an dev environment which enables free choice, not free to use core0.12.1 or core0.13.1
the devs are here to service the network, not the other way around.

what the world wants the world gets. only question is who will provide.

  Is that the latest keyword for BU? Or would you be happy with 2MB block+segwit?

Edit: Or why not get your nick back and put up a new poll? For or against 2MB HF + segwit

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[Killerpotleaf]

The big-blockers need to fork off already so that we can get on with Project Bitcoin, Satoshi's Vision and not this twisted Kore-Coin crapola.

If we don't, price will continue to stagnate.

Bitcoin has the potential to benefit in infinite ways from the global economic turmoil that is around the corner. In this way, BTC's price could spike to unimaginable highs. But it will never happen with no scaling solution, BTC simply could not handle an increase in 100 million+ users. There is no time to wait 5 years for this imaginary "Lightning Network" to suddenly manifest from vaporware into reality.

FORK IT ALREADY.

Ahh those bloody idiots are back  

Can you do no maths? How big will the blocks need to be to "handle an increase in 100 million+ users"   yeah maths are hard. Please fork off already to your alt and have fun just don't call it bitcoin to confuse people

Stop pretending that the present technology couldn't handle large blocks.

Perhaps the solution is to do both (blocksize increase and off-chain LN type deal)

But you can't just do one, or the other. Core has refused to compromise over and over, they refuse to raise the blocksize to even 2mb which pretty much everyone agrees could be very EASILY handled.

Core has shown they have no leadership skills, no vision and are motivated primarily to their own self-serving egos. They do not serve the greater whole. Furthermore, they engage in a deceptive campaign of censorship and other shady tactics to force their own side to "win", this has needlessly damaged the Bitcoin community itself by refusing to even allow certain discussions. The community has been effectively divided in this way. Can you even quantify the damage that has been done to all of us as a result of this?

You can ignore it all if you want, but it will hurt you in the end.

+1!

LN is inevitable and desirable ( very desirable )
and same goes for bigger blocks...
the solution is so obviously "both" its not even funny.
segwit softfork is a magic trick, if you dont know how its done you're amazed, if you do you're unimpressed.
we need simple incress and simple segwit.
we need these things hardforked in, and we need to utilize synthetic forks to do that gracefully.
we need a to foster an dev environment which enables free choice, not free to use core0.12.1 or core0.13.1
the devs are here to service the network, not the other way around.

what the world wants the world gets. only question is who will provide.

  Is that the latest keyword for BU? Or would you be happy with 2MB block+segwit?

i want non-magical BS incress with simplest possible TX malleability fix.
to me, market driven BS to me is a must, we must allow a small % of nodes ( like 15-20% ) to cap block size, this will create a fee market which perfectly balances # of TX and fee/TX, to yield the most total fees miners can get given TX demand.
a static cap will always badly balance fee pressure.

[osmotic]

Bitcoin's gone up to $1080 in India. That might account for the little rise beyond $800 elsewhere.

https://cointelegraph.com/news/while-misleading-information-on-china-stalls-price-bitcoin-hits-1080-in-india

Now it's over $820 in the West, must be India driving it up.

[2017Bubble]

Oh no we are crashing upwards again..
900? ATH? new ATH ?

[yugo23]

Oh no we are crashing upwards again..
900? ATH? new ATH ?

No I don't hope so.
If it goes too high it will have to pull downwards after...
I hope it goes for a small up trend. 800 for today then a slow rise to 850 or 900.
Damn I would be perfectly happy with a 850. Even just a 800 but stable would be cool IMHO

[savetherainforest]

If this was an ABC, then it's probably completed the C, and now it's building a triangle. Support could be tested over the next days, so a bit cheaper than right now is possible.

Aw c'mon mastertzup - you were willing to throw out $660 when we were at $1100 and many called you crazy!

I'd love to know whether the past few days market activity has shifted your number up, down, or unchanged.

If u keep listening to this guy... some day Tzupy will F'U. guud!

Just take everything he says with a pinch of salt..

[becoin]

what the world wants the world gets. only question is who will provide.

The world wants free money for everybody. But they will never get it because money must be scarce!
Spammers want unlimited space on the blockchain for free. But they will never get it because that will be the end of bitcoin as money!

[bitcoinvest]

Bitcoin's gone up to $1080 in India. That might account for the little rise beyond $800 elsewhere.

https://cointelegraph.com/news/while-misleading-information-on-china-stalls-price-bitcoin-hits-1080-in-india

fantastic point we have here gentlemen.... how is that possible?? i just checked and 1 BTC = 67.570 INR    (do the math this is equal to 933.44 EURO)

can somebody explain this HUGE gap in price???

[royalfestus]

i dont know if some people are enjoying the crash except the altcoins. there are rumour of market manipulation but who will it have favored. A larger subset to suspend such an interrogation. Everyone hopes for the outcome and expect a flourishing build up what had started into the year, so to continue.

[spiderbrain]

Stop pretending that the present technology couldn't handle large blocks.

Stop pretending you know what you're talking about. There are hundreds of independent developers busy writing and testing code and weighing and discussing all the possible options. Out of that complicated process it was determined that Segwit is our best option right now and that large blocks (>4MB) are too risky for the stability and decentralized nature of the network at this point. After Segwit is deployed it will also be safer to increase the blocksize as Segwit also solves the quadratic scaling of hashed data. Hard forking now to larger blocks without first activating Segwit and solving quadratic hash scaling is just stupid and you'll also never get consensus for that. So why don't you stop complaining about Core and actually look and try to understand what it is they're doing? The divide in the community is purely based on ignorance and conspiracy thinking.

In order to stay on topic I speculate that this discussion will be censored and it will have a positive impact on the price

[ft73]

Oh no we are crashing upwards again..
900? ATH? new ATH ?

No I don't hope so.
If it goes too high it will have to pull downwards after...
I hope it goes for a small up trend. 800 for today then a slow rise to 850 or 900.
Damn I would be perfectly happy with a 850. Even just a 800 but stable would be cool IMHO

Topmost target for current move would be about 855$ in my opinion.

[toknormal]

Lets hope the trend is allowed to grow back organically and Huobi doesn't vandalise it again on the way up.

[ft73]

Lets hope the trend is allowed to grow back and Huobi doesn't vandalise it again on the way up.

So far this upmove looks and feels like a simple bounce.

My opinion obviously.

I'd expect correction resuming between here ( 830$ )  and about 855$.
Not sure about its depth though.

[jbreher]

The big-blockers ...

Ahh those bloody idiots are back 

I don't know who you are referring to as 'idiots', but we 'big blockers' have been here the whole time, and don't plan on leaving. Deal with it.

How big will the blocks need to be to "handle an increase in 100 million+ users" 

Do you run a node? Do you ever stream video content? Are you aware that hypothetical 100MB blocks are no more resource intensive than SD video content?

yeah maths are hard.

Arithmetic ain't hard. It appears, however, that for some, thinking through the implications of the arithmetic calculations are out of their grasp.

[mymenace]

Bitcoin's gone up to $1080 in India. That might account for the little rise beyond $800 elsewhere.

https://cointelegraph.com/news/while-misleading-information-on-china-stalls-price-bitcoin-hits-1080-in-india

fantastic point we have here gentlemen.... how is that possible?? i just checked and 1 BTC = 67.570 INR    (do the math this is equal to 933.44 EURO)

can somebody explain this HUGE gap in price???

indians do not have access to cash and are limited to gold, so bitcoin is the next option. Indian Gold as well has a large difference to western markets

the 500 and 1000 rupee fiat dollars were removed from the economy about a month or 2 back

[osmotic]

Bitcoin's gone up to $1080 in India. That might account for the little rise beyond $800 elsewhere.

https://cointelegraph.com/news/while-misleading-information-on-china-stalls-price-bitcoin-hits-1080-in-india

fantastic point we have here gentlemen.... how is that possible?? i just checked and 1 BTC = 67.570 INR    (do the math this is equal to 933.44 EURO)

can somebody explain this HUGE gap in price???

indians do not have access to cash and are limited to gold, so bitcoin is the next option. Indian Gold as well has a large difference to western markets

the 500 and 1000 rupee fiat dollars were removed from the economy about a month or 2 back

The Indian government is also confiscating gold, which is making bitcoin more and more popular in India. Any gold that hasn't been taxed gets confiscated if their government can find it.

[jbreher]

The Indian government is also confiscating gold taxing holdings of black money, which is making bitcoin more and more popular in India. Any gold that hasn't been taxed gets confiscated taxed if their government can find it.

FTFY

[mymenace]

The Indian government is also confiscating gold taxing holdings of black money, which is making bitcoin more and more popular in India. Any gold that hasn't been taxed gets confiscated taxed if their government can find it.

FTFY

if the economy gets bad enough they will come hunting for gold owners, it has happened before

https://en.wikipedia.org/wiki/Executive_Order_6102

by President Franklin D. Roosevelt  1933

that same year the state of Judea declared war on Germany

https://archive.org/stream/JewsDeclareWarOnGermany1933/JewsDeclareWarOnGermany1933_djvu.txt

[Ibian]

Today has not been the best day for me. The guy I was gonna trade half a dozen bitcoins with suddenly dropped off the face of the earth, so now I'm stuck with useless fiat instead of cheap coins. Can't get it back on kraken until sometime next week because banks break on weekends (they really need to fix that bug).

[JayJuanGee]

Today has not been the best day for me. The guy I was gonna trade half a dozen bitcoins with suddenly dropped off the face of the earth, so now I'm stuck with useless fiat instead of cheap coins. Can't get it back on kraken until sometime next week because banks break on weekends (they really need to fix that bug).

Sounds as if you do not have a large enough float.. whether that is BTC or cash.

I don't usually conduct the trade on the exchange until after I have already locked in the profitable trade on Local Bitcoins or directly... and that is that I have actually either received the bitcoins from the guy or I have received the fiat from the guy.

To do that, you have to have enough of a float that covers the full amount of bitcoins or fiat that you are trading and usually a bit more because of transfer times and other cushion issues that sometimes can get the money or the BTC in their proper locations and set up for the next trade.... that transferring money around can be a bit of a hassle and sometimes cause additional costs - that tend to be lessened, somewhat with having a decent float (and even then, it may be a bit cumbersome to manage with some unexpected costs, here and there)