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

[Torque]

since when is going along with a agreement made by a large chuck of the relevent actors manipulation?

Since when is trying to do things outside of the Bitcoin built-in consensus rules not considered manipulation?

[Paashaas]

The shit winds have started to blow. Batten down the hatches.

https://www.reddit.com/r/btc/comments/6peqwr/if_the_2x_portion_of_segwit2x_fails_to_activate/

these are the credible threats that will push 2x to activate

And BIP48 to force Segwit, eveybody happy, right?

What will happen if Jeff fails coding 2x? It seems to rushed, i rather see Segwitt testing on the real economy for atleast 6-12 months.

[lightfoot]

So what major assets does bitcoin.com control? Other than a $40 domain name?

Oi.

[Meuh6879]

https://www.xbt.eu/

http://bitcoin.sipa.be/versions.html

Perhaps a problem ... (less than 95% if this 2 pools switch to v10 instead of v12 ...)

[JimboToronto]

You were able to find an ATM that had only 3% fees or did you purchase using a different method?

I used the ATM nearest to my home. It is a Lamassu operated by Instacoin.

They use dynamic pricing, presumably to balance their inventory of bitcoins and dollars. If they sell more coins than they buy, they raise their buy fees and lower their sell fees and vice versa.

That suits me just fine as it's precisely when there's a panic dump that I want to buy the dip.

[Meuh6879]

[yermom]

since when is going along with a agreement made by a large chuck of the relevent actors manipulation?

Since when is trying to do things outside of the Bitcoin built-in consensus rules not considered manipulation?

since the invention of softforks

Since when is anyone more relevant than me, you, all of us...?

[silverfuture]

I used the ATM nearest to my home. It is a Lamassu operated by Instacoin.

I lol'ed imagining you getting up to pee in the night, spotting the price action, and then hustling down to the bitcoin teller to catch the dip. Classic!  

[Meuh6879]

Source : http://www.zerohedge.com/news/2017-07-25/cryprocurrencies-are-crashing-again

20x time factor is interesting ... and this :

it has experienced a surge in liquidity in the last six months, surpassing $2bn a day.
Moreover, bitcoin is uncorrelated to any financial asset, commodity, or currency we study in this note.

The flipside of extreme diversification is that there is no way to explain let alone predict returns.

Could bitcoin see a virtuous cycle of increased liquidity, lower volatility, attractive returns, and wider acceptance?

Possibly

[lightfoot]

So what major assets does bitcoin.com control? Other than a $40 domain name?

Oi.

this:

Eh, probably paid too much for it. Besides I prefer Porsches.

[JayJuanGee]

The shit winds have started to blow. Batten down the hatches.

https://www.reddit.com/r/btc/comments/6peqwr/if_the_2x_portion_of_segwit2x_fails_to_activate/

these are the credible threats that will push 2x to activate

And BIP48 to force Segwit, eveybody happy, right?

What will happen if Jeff fails coding 2x? It seems to rushed, i rather see Segwitt testing on the real economy for atleast 6-12 months.

Nah... Paashaas, you are making too much sense.  We couldn't have that in cryptolandia.    

[BlindMayorBitcorn]

This is getting more scary than the dump of the last weekend! 

Watch me not take profit and be bitter about it a week from now  

QFT

[JayJuanGee]

[width=400]http://imagizer.imageshack.us/a/img924/9997/1I06qt.png[/img] https://www.xbt.eu/
[ width=550]http://imagizer.imageshack.us/a/img922/4088/ojD21Q.png[/img]
http://bitcoin.sipa.be/versions.html

Perhaps a problem ... (less than 95% if this 2 pools switch to v10 instead of v12 ...)

What's the problem?  It's all segwit, correct?  No one is not signaling segwit.

[B1tUnl0ck3r]

I used the ATM nearest to my home. It is a Lamassu operated by Instacoin.

I lol'ed imagining you getting up to pee in the night, spotting the price action, and then hustling down to the bitcoin teller to catch the dip. Classic!  

that's not clear... yet, at least .

[fabiorem]

The shit winds have started to blow. Batten down the hatches.

https://www.reddit.com/r/btc/comments/6peqwr/if_the_2x_portion_of_segwit2x_fails_to_activate/

these are the credible threats that will push 2x to activate

And BIP48 to force Segwit, eveybody happy, right?

What will happen if Jeff fails coding 2x? It seems to rushed, i rather see Segwitt testing on the real economy for atleast 6-12 months.

I think it should be three years with SegWit until increasing the block size to 2mb.

Three months is rushed, and dangerous.

[bitserve]

Relax guys, even ViaBTC is now saying that they intend to adhere to the Segwit2x agreement:

https://www.bitcoin.com/public-service-announcement

As suspected, it was just a game theory move (a ridiculous one though) to exercise some pressure to "guarantee" the second part of the agreement (2x blocksize).

I don't even think the drop has been due to this... it's just a minor correction before propeling to new highs early August.

Are you kidding? They propped this BCC altcoin up for one purpose. As the 2X date approaches, they are going to have loads of fun switching their hashrate back and forth from Bitcoin to BCC blockchain, in an attempt to strong arm the core developers/community and FUD the shit out of the market and cause massive amounts of hysteria, fear and price volatility.

Mark my words. Roger and Jihan will be cackling with glee the whole time.

Not kidding, yet you are probabilistically right. That's why I am NOW (after Segwit passed with flying colors) in favor of the FIXED 2MB blocksize increase. It won't do any harm if done right and it will remove any standing argument for their FUD attempts. Win-Win.

Reasonable thoughts, but I am wary of any on-chain scaling solution that makes it harder to run a full node.

My position is: with segwit working, comes the Lightning Network. With the LN, many more people will want to run a full node, if only to have a LN node up. LN routes on Tor, so the more we are, the merrier. Besides, several small channels can help decentralize the LN, should any bank or similar wish to stake serious collateral to open lots of channels.

Additionally, on the LN there's a chance to collect small fees: for channel operation (they will probably be low or zero, at least at the beginning), or for LN watching, ready to issue a penalty transaction if someone tries to cheat. Stifling growth of the number of nodes at this stage seems unwise to me.

There's not that much difference between 1MB to 2MB blocksize for the running of "small" nodes. Also, when LN is in place, we will also need plenty of block space to settle LN transactions, plus many people (me included) will still have a tendency to use on-chain transactions.

So, those 2MB are something that will be really needed in the near  future, so... why not just do it according to the agreement and finish with the fucking FUD for once?

Also, sometimes you need to adopt some unnecesary features just for the sake of "marketing". It's all for the final objective, which is price MOONING.

For me it is a win-win.

[Torque]

Yeah, fuck, I am sorry Torque that you shorted or sold or something in the $2400 territories, but it seems that you will be very lucky if you are able to get back in anywhere below $2600 - and that might be a considerable stretch absent some very convincing FUD - because ordinary FUD is not likely to damper the current ongoing upwards BTC price pressures.
In other words, sorry for your loss.    

[yonton]

Yeah, fuck, I am sorry Torque that you shorted or sold or something in the $2400 territories, but it seems that you will be very lucky if you are able to get back in anywhere below $2600 - and that might be a considerable stretch absent some very convincing FUD - because ordinary FUD is not likely to damper the current ongoing upwards BTC price pressures.
In other words, sorry for your loss.    

This really turns you on doesn't it lol

[BitcoinNewsMagazine]

For the 2 MB hard fork in three months to occur a majority of miners will have to switch from Core to btc1. That is what I think Bitcoin ABC is really there for, to ensure that miners follow all of the NYA agreement to the letter.

[bitserve]

Can you guys please join my effort of requesting SEGWIT support on Bitcoin Cash?

https://bitcointalk.org/index.php?topic=2040221.msg20361681#msg20361681

https://bitcointalk.org/index.php?topic=2040221.msg20382024#msg20382024

Thanks!