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

[Searing]

time to go into panic mode again 

LOL

I prefer the phrases

MOON, MOON, MOON (on the pumps)

Cheap Coin, Cheap Coin, Cheap Coin (on the dumps)

Of course if this BTC block size debate keeps draggging on, it could be

DOOM, DOOM, DOOM (if it goes so far as beanie baby and tulips)

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[Killerpotleaf]

Cheap Moon COINS!!!!!!

[r0ach]

Cheap Moon COINS!!!!!!

[Lauda]

Finex mini bear-whale just appeared:

I think we are likely going to see another movement down today. It will definitely go up next week if the spoiled Chinese brat Jihan stops his HF FUD propaganda.

[york780]

Hello all. Nice to see that BU is still detroying our money. Just swapped 70% of my btc to ZEC to my nice trezor wallet. But now when i want to swap back and make nice profit my trezor wallet says: failed to compile output. What da fuck is wrong? Cant move my coins anymore  So now i get rekt just like you guys. Gonna watch it burn burn burn buuurn.

[marcus_of_augustus]

https://www.reddit.com/r/Bitcoin/comments/608zha/bitmain_wants_to_accelerate_plans_for_a_hardfork/

Woo crawls further out on the limb ... guy is slipping into fully postal territory quite quickly, non-linearly. He's exhibiting behaviour of someone under a lot of psychological stress, coercion or manipulation. I noticed the same when Ver had his public breakdown on podcast about bitcoin stopping wars, pretty sure Ver has been visited by powerful forces from State dept. or similar and asked nicely to co-operate with undermining bitcoin ... or else.

[0rganic]

https://www.reddit.com/r/Bitcoin/comments/608zha/bitmain_wants_to_accelerate_plans_for_a_hardfork/

Woo crawls further out on the limb ... guy is slipping into fully postal territory quite quickly, non-linearly. He's exhibiting behaviour of someone under a lot of psychological stress, coercion or manipulation. I noticed the same when Ver had his public breakdown on podcast about bitcoin stopping wars, pretty sure Ver has been visited by powerful forces from State dept. or similar and asked nicely to co-operate with undermining bitcoin ... or else.

I concur 100%, you'll will soon **note** how Roger Ver has gone into hiding or missing, it's a dirty game.

[Denker]

https://www.reddit.com/r/Bitcoin/comments/608zha/bitmain_wants_to_accelerate_plans_for_a_hardfork/

Woo crawls further out on the limb ... guy is slipping into fully postal territory quite quickly, non-linearly. He's exhibiting behaviour of someone under a lot of psychological stress, coercion or manipulation. I noticed the same when Ver had his public breakdown on podcast about bitcoin stopping wars, pretty sure Ver has been visited by powerful forces from State dept. or similar and asked nicely to co-operate with undermining bitcoin ... or else.

Yeah this is crazy! Jihan is definitely on a mega ego suicidal power trip!!
Wouldn't be surprised when he or Ver or both had a serious talk with some very very serious guys from the alphabet agencies, doesn't matter if it's chinese or US.
No one is destroying so much investment and reputation, Ver once had, without any really specific and serious reason.
To me it's all very obvious about divide and trying to take over BTC !Social engineering and community manipulation, splitting at it's best!

But has it ever been easy to hold your coins? No! Because if it would, probably everyone would have done so and made a fortune.

[jbreher]

I would say chances that we see a BU-fork in 2017 are 20% at the moment. They need a significant majority in hashpower, something like 80% and that's hard to get.

Last 144 blocks (24 hours):
BU: 43.8%
8MB: 6.9%

Yeah, variance could be a major factor, but that's over half for BU compatible blocks.

Is there any practical reason why bitcoin couldn't be patched so miners can set their own blocksize?

Not at all. See, for example, the recent BitcoinEC effort. Not to mention any branch of Core that simply implements a larger maxblocksize (of course, that would have to keep chasing the emergent consensus)

Is there any practical reason why bitcoin couldn't be patched so miners can set their own blockreward?

Of course. The absolute rejection of the users of any chain containing blocks that deviate from the established reward schedule.

The smartest people in the entire global crypto world are working on bitcoin.

That sounds a lot like the earlier reference to 'American Exceptionalism'. I mean, I don't know different, but do we really think Maxwell and Wuille get a seat at the hall of fame alongside Rivest, Merkel, and Nakamoto?

It's not 16MB, it's 16MB times 6 per hour, times 24 per day, times 365 per year!!!!!!!!!!!!!!!!
The result is close to 1TB per year!!!

Be still my heart! I'll need to spend $25* per year to handle the onslaught. How will I ever cope!?!

* or the cost of a handful of smallblock bitcoin transaction fees. oh-the-huge-manatee.png!

One thing Woo (and idiot Ver) may not have accounted for is by centralising so much power around themselves they are now major targets for any variant of the $5 wrench attack

Really? You don't think the fact that they each control a hundreds-of-millions-of-dollars prize is reason enough for the rubber hose cryptography treatment?

BU has sorted this out too... A Bitcoin ...President

Umm... yeah. Did you even bother to read your linked article? Not a president of Bitcoin, but a president of the organization. What are the president's powers and duties?:

President: a publicly identified (real-life identity is known) BU Member who is responsible for the ongoing activities of the confederation. The president shall resolve BUIP number conflicts, organize BUIP discussion (in the forum 5 of 12 designated by the secretary), and schedule/initiate voting (within the limits specified in these articles).

oooh - scary! well ... not.


As a side note of commentary on delusion... all y'all are responsible for your own pain.

[alexeft]

It's not 16MB, it's 16MB times 6 per hour, times 24 per day, times 365 per year!!!!!!!!!!!!!!!!
The result is close to 1TB per year!!!

Be still my heart! I'll need to spend $25* per year to handle the onslaught. How will I ever cope!?!

* or the cost of a handful of smallblock bitcoin transaction fees. oh-the-huge-manatee.png!

1TB of SSD disk is not $25, rather it is ~$200 (per year of course). Not to mention the cpu needed for such a huge database with high transaction volume!
All of a sudden we are going to need multi-CPU blade servers and SANs to run a node! Come to your senses!

[alexeft]

..................president............

A president? With node centralization and a president, the next thing we will know in the first economic crisis, will be that the president decided to alter the code in his vast majority of nodes and ..........print....... some more buttcoins to alleviate the crisis. Central bank much man?

Buttcoin is NOT bitcoin. It is only BUTTcoin.

[600watt]

another 1000 coins dumped on kraken/€ in the last hour. i hope some bulls still have fiat on the exchanges to defend. let´s see if yesterdays bottom holds.  

[jbreher]

It's not 16MB, it's 16MB times 6 per hour, times 24 per day, times 365 per year!!!!!!!!!!!!!!!!
The result is close to 1TB per year!!!

Be still my heart! I'll need to spend $25* per year to handle the onslaught. How will I ever cope!?!

* or the cost of a handful of smallblock bitcoin transaction fees. oh-the-huge-manatee.png!

1TB of SSD disk is not $25, rather it is ~$200 (per year of course). Not to mention the cpu needed for such a huge database with high transaction volume!
All of a sudden we are going to need multi-CPU blade servers and SANs to run a node! Come to your senses!

Firstly, node operation does not require SSD latencies. HDD speeds are fine. So 25 bux. Yet... so what? Less than 0.2 BTC? Waaaaaah. Buck up buttercup - those that refuse to invest shall be rightfully cast aside. And good riddance to you too. It would be one thing if you even tried... but... I guess you're just too. damned. insignificant.

..................president............

A president? ... <tardness deleted>

I see you seem to love wallowing in your public display of ignorance. Suit yourself.... imbecile. When you actually absorb the reality, I'll be happy to respond in a more conducive manner.

Umm... yeah. Did you even bother to read your linked article? Not a president of Bitcoin, but a president of the organization. What are the president's powers and duties?:

President: a publicly identified (real-life identity is known) BU Member who is responsible for the ongoing activities of the confederation. The president shall resolve BUIP number conflicts, organize BUIP discussion (in the forum 5 of 12 designated by the secretary), and schedule/initiate voting (within the limits specified in these articles).

Oh god! I hope he doesn't abuse his power by actually ... ASSIGNING A BUIP NUMBER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! AAAIIIIEEEEEE!!!!!

[Master mind]

Finally, back to normal?

[boumalo]

Finally, back to normal?

It could go to 700$ then to 1500$ within 5 months. It seems like a good time to sell and buy back from 950 USD to 850  USD.

[chopstick]

I would like to post the dream I had just incase it happens later.

I literally just dreamed this and woke up.

Ok, so the volatility was insane. So basically the price went from where it is now (900's) and it kept dropping over a period of time. I don't know what the hell happened, but at some point it dropped all the way to near zero (!!!!) single digits, of course this only lasted a COUPLE SECONDS and it shot all the way back up to 672. Now here's where it gets interesting. The price kept moving rapidly although I'm sure this all happened over the period of some years. After this MEGA drop, it shot into the MULTIPLE thousands, I distinctly saw the number 2272. And then all of a sudden apparently for no fucking reason it shot all into the 10K per coin range. I was sitting there fucking absolutely stunned. It bounced off 10K back into the 5K per coin range.

In my dream I saw a thread titled:  "5000. We are talking about the number 5000." on this forum, bitcointalk.  And I was just sitting there so absolutely fucking stunned because I seriously just watched the price go from 900 to almost 0 back up to 10k and then settle in the 5K range.

Man, that dream was fucking nuts.

I'm not sure, but maybe just dreamed future price movements some years (?) I'm assuming in advance.

If something like this actually happens I will reference this dream later.

[Master mind]

Finally, back to normal?

It could go to 700$ then to 1500$ within 5 months. It seems like a good time to sell and buy back from 950 USD to 850  USD.

Satoshi needs FIAT for living 

[pleaseexplainagain]

Finally, back to normal?

not too sure why there is much doom and gloom.

Sure BU is a "threat" but bitcoin has faced many threats before and in the longer run it has weathered them all fairly well.
And as regards the price dropping? hell we were below $500 a year ago and nobody was saying they were going to commit suicide or by alts or whatever. Why so much noise about it dropping to $1000?

Except for a few months around the willybot period if you bought bitcoin over time it has served you well even if we go to say $600 for a while. It will go up again


Bitcoin has a huge number of manipulators in it with powerful armies of both funds and market influence so it will have periods of massive "uncertainty" as those people try to maximise their profits.


the best advice was what they said during the second world war to the british people  - Stay calm and carry on

 

[GreekGeek]

Is anyone keeping a look at the Bitfinex stolen bitcoins?

[york780]

No, because Zcash is mooning and you are still happy at stagnating bitcoin lol. I want to make profit everyday so now jump on the train that isnt falling!