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Question: Next Bubble Top (resulting in a new ATH):
Will never reach a new ATH - 5 (6.4%)
$20,000-$49,999 - 14 (17.9%)
$50,000-$99,999 - 20 (25.6%)
$100,000-$149,999 - 17 (21.8%)
$150,000-$199,999 - 7 (9%)
$200,000-$249,999 - 4 (5.1%)
$250,000-$299,999 - 1 (1.3%)
$300,000-$350,000 - 1 (1.3%)
>$350,000 - 9 (11.5%)
Total Voters: 78

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21500407 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (138 posts by 32 users deleted.)
B1tUnl0ck3r
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June 12, 2017, 11:24:45 AM

Still waiting for the 10mb block... I am sure that it wouldn't reduce the fees too much as there would be 10 times more txs per block. And then move to 100mb block... and then 1 GB block ( 7000 tps).

What's the size of the mempool?

Which is why the Lightning network is also necessary, Bitcoin as is cannot sustain itself. Not enough TPS to sustain itself with a low block reward. New users look at the fees and go you know what I'll use something else.

at least we agree on the problem : not enough tps. saying that excluding the fees. I agree it's problematic to modify the blocksize. But 7 tps is quite low for a worldwide system.

my problem with lightning is that it's another layer of instability / security issue. I find way more simple to raise the block size and if you look at internet connectivity or harddrive space or processing power since 2009 there has been a big increase in performance. Today a 100mb block wouldn't hurt anyone. but to be more gradual a 10 mb is nothing special.

who will control the lightning network? with a 10 /100 /1000 mb block consensus there shouldn't be any more problem as of now.
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luckygenough56
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June 12, 2017, 11:25:30 AM

bitfinox has such dumps and bounces wish kraken could do the same sometimes  Smiley
Denker
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June 12, 2017, 11:30:23 AM

What exchange can I use to buy ETH? Need to prepare myself.

I cannot log into coinbase and gemini.exchange doesn't work in my country

Try out Kraken.
Works good in general.
You can buy and sell Eth for fiat there as well.


Asrael999
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June 12, 2017, 11:33:27 AM

Still waiting for the 10mb block... I am sure that it wouldn't reduce the fees too much as there would be 10 times more txs per block. And then move to 100mb block... and then 1 GB block ( 7000 tps).

What's the size of the mempool?

Which is why the Lightning network is also necessary, Bitcoin as is cannot sustain itself. Not enough TPS to sustain itself with a low block reward. New users look at the fees and go you know what I'll use something else.

at least we agree on the problem : not enough tps. saying that excluding the fees. I agree it's problematic to modify the blocksize. But 7 tps is quite low for a worldwide system.

my problem with lightning is that it's another layer of instability / security issue. I find way more simple to raise the block size and if you look at internet connectivity or harddrive space or processing power since 2009 there has been a big increase in performance. Today a 100mb block wouldn't hurt anyone. but to be more gradual a 10 mb is nothing special.

who will control the lightning network? with a 10 /100 /1000 mb block consensus there shouldn't be any more problem as of now.

I agree a move to bigger blocks solves a lot of problems - I would like both big blocks and other solutions, and a long term pathway to deal with things as usage expands (and the moon on a stick Smiley )
We are still using a network that was inefficient with 1mm wallets in 2014 when we now have close to 14.5mm wallets open
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June 12, 2017, 11:35:28 AM

Check out all the trolling & FUD, OMG the price has been 'dumped' to $2780, what ever will us bitcoin'ers do?
I wish all the ETH talk could be confined to the altcoin section.

Meuh6879
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June 12, 2017, 11:37:59 AM



$5000 inkominggggg  Grin  weeeeeeeeeeeeeeeeeee!!!!!

I'm ready ... too.

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June 12, 2017, 11:39:59 AM



Backup are here.

B1tUnl0ck3r
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June 12, 2017, 11:42:32 AM

Still waiting for the 10mb block... I am sure that it wouldn't reduce the fees too much as there would be 10 times more txs per block. And then move to 100mb block... and then 1 GB block ( 7000 tps).

What's the size of the mempool?

Which is why the Lightning network is also necessary, Bitcoin as is cannot sustain itself. Not enough TPS to sustain itself with a low block reward. New users look at the fees and go you know what I'll use something else.

at least we agree on the problem : not enough tps. saying that excluding the fees. I agree it's problematic to modify the blocksize. But 7 tps is quite low for a worldwide system.

my problem with lightning is that it's another layer of instability / security issue. I find way more simple to raise the block size and if you look at internet connectivity or harddrive space or processing power since 2009 there has been a big increase in performance. Today a 100mb block wouldn't hurt anyone. but to be more gradual a 10 mb is nothing special.

who will control the lightning network? with a 10 /100 /1000 mb block consensus there shouldn't be any more problem as of now.

I agree a move to bigger blocks solves a lot of problems - I would like both big blocks and other solutions, and a long term pathway to deal with things as usage expands (and the moon on a stick Smiley )
We are still using a network that was inefficient with 1mm wallets in 2014 when we now have close to 14.5mm wallets open

I am not against others solution on top of the chain. but just that the main chain should be usable without any addons. if users want a lightning what ever options next to it, I don't care but just that if their system has a systemic failure it doesn't impact the main chain but just the users of the optional layers.

Make bitcoin great again Smiley.
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June 12, 2017, 11:44:19 AM


I am not against others solution on top of the chain. but just that the main chain should be usable without any addons.....Make bitcoin great again Smiley.

There is a fork of Bitcoin that's doing that. It's called Dash.
luckygenough56
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June 12, 2017, 11:51:57 AM

are you holding your breath ?
B1tUnl0ck3r
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June 12, 2017, 11:51:59 AM


I am not against others solution on top of the chain. but just that the main chain should be usable without any addons.....Make bitcoin great again Smiley.

There is a fork of Bitcoin that's doing that. It's called Dash.


sadly the instamine is too much for me to bear (as such pivx) and the asics are less devellopped as sha2. So it's a no no.





otherwise it's

savetherainforest
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Plant 1xTree for each Satoshi earned!


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June 12, 2017, 11:52:14 AM

What is happening 😱 Shocked Shocked Shocked

Thanks just bought another 100 Bitcoin  Grin





And this...




Move along people... Smiley ... (p.s. I will ask later as well as other will do!!! ... : "Who sold at the bottom??" ) Cheesy Cheesy
becoin
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June 12, 2017, 12:03:03 PM

Thank you for the cheap coins. I love this game.
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June 12, 2017, 12:04:09 PM

If you wanna buy...BUY now! Cool
toknormal
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June 12, 2017, 12:06:27 PM


sadly the instamine is too much for me to bear

That is just silly if I may say so. It's an asset not a religion.

The work being done there is a perfect hedge to bitcoin and there's possibly no better balanced team of people in crypto. I remember a short demonstration from about 2 years ago where the dev showed a proof of concept of thousands of TPS at the time.

The significance it has for bitcoin is that a large portion of the bitcoin holding population are unhappy about the separation of two of the key monetary properties: Store of value and Medium of Exchange. Amongst all the rabble and noise, you rarely hear this debate couched in monetary terms - i.e. in terms of properties of money. That is where the real issue lies.

Maintaining a conscious awareness of such design priorities and sticking to them is what will deliver an optimal solution IMO. Bitcoin have long thrown in the towel on this - it's all going offchain. Complaining about the "instamine" by comparison is like being concerned with the colour of the  lifeboat rather than whether it floats. This is crypto. They're all an "instamine scam" as far as the 99% of the world's population not yet invested is concerned.
Denker
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June 12, 2017, 12:06:33 PM

Thank you for the cheap coins. I love this game.

As long as we build new higher lows everything is fine.
Still bullish here and believe we could move to $3000+ before August 1st.
We had a crazy run the last 8 weeks! Always with some 10-25% dumps to cool down and prevent overheating.
I think this time it is not different.
BlindMayorBitcorn
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June 12, 2017, 12:26:39 PM

We all backed the wrong horse. How did this happen? Is this Roger Ver cashing out of BTC into ETH?

Social engineering of the blind sheeple masses is apparently working to a "T". Soon Govcoin will have everyone under their spell.

Run along and join them, little sheep. <Baaaahh>

What are you implying? Making more BTC would have been against your principles?
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June 12, 2017, 12:37:10 PM


Hm? The guy spent most of his time as I recall ridiculing Bitcoin and insulting everyone in sight like an autistic tourettes kid.

Thank me for that!

If it wasn't for me and a few others, this thread would have forever been a bore fest. Nothing but shill talk and stupid charts. Those were the funniest years this thread ever had, if not the entire bitcointalk forum.




Perhaps you aren't aware that people of low self-esteem are more like to experience schadenfreude.  If you've done well by bitcoin, take pleasure in that rather than the misfortune of those who didn't listen to you.  Otherwise, they still win.



The pleasure comes in short bursts because most of the time i feel sadness for them. There's a reason why i was begging everyone i knew to invest in this technology. I wanted to make them as wealthy as me. (both intellectually and financially)



 
79b79aa8d5047da6d3XX
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June 12, 2017, 12:37:46 PM

They're all an "instamine scam" as far as the 99% of the world's population not yet invested is concerned.

except bitcoin isn't.
toknormal
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June 12, 2017, 12:40:27 PM


They're all an "instamine scam" as far as the 99% of the world's population not yet invested is concerned.

except bitcoin isn't.

Yes it is - the biggest of all.

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