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

[Torque]

fork canceled

 

We can celebrate, but let's not gloat guys.

I, for one, praise the S2X camp for achieving the internal consensus to pull back from the brink.

We will eventually, in a safe and orderly manner, address their concerns regarding scaling.

In the end, they behaved like rational adults.  Perhaps we can have nice things.

Notice how every time a contentious fork either launches and fails or gets cancelled, the Bitcoin price goes up (not down).

Trolls/shills, are you paying attention?

[FractalUniverse]

So they didnt want to harm their golden goose after all? 
or did they realize, that they are alone?
anyway, if true, its very good news.  only they should have spared us from those forking threads

[fragout]

How will this affect the price of btc over the coming days i wonder. I wonder how much money actually came in to btc in order to receive the free drop of 2X.

[Ibian]

fork canceled

 

Notice how every time a contentious fork either launches and fails or gets cancelled, the Bitcoin price goes up (not down).

Trolls/shills, are you paying attention?

I honestly think they just don't understand what it means for something to be anti-fragile. Probably because very few things are.

[PrymeTyme]

fork canceled

 

We can celebrate, but let's not gloat guys.

I, for one, praise the S2X camp for achieving the internal consensus to pull back from the brink.

We will eventually, in a safe and orderly manner, address their concerns regarding scaling.

In the end, they behaved like rational adults.  Perhaps we can have nice things.

Notice how every time a contentious fork either launches and fails or gets cancelled, the Bitcoin price goes up (not down).

Trolls/shills, are you paying attention?

so THAT happened

[Neo_Coin]

Is this confirmed, fake or real? :

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

[Ludwig Von]

We can celebrate, but let's not gloat guys.

I, for one, praise the S2X camp for achieving the internal consensus to pull back from the brink.

We will eventually, in a safe and orderly manner, address their concerns regarding scaling.

In the end, they behaved like rational adults.  Perhaps we can have nice things.

This is the collective statement, let 's be prudent and wait for the individual opinions of the players in the game... .

[sgk]

[AZwarel]

[Lopumbo]

what the fuck is wrong with kraken 

[Arriemoller]

There is always Bitcoin Gold. The 12:th or thereabout I think.

[chopstick]

So now Bitcoin is stuck with 1mb forever.

The Lies and Censorship crew have won.

Meanwhile, Lightning Network is at-least "18 months" away from being deployed.

Are you guys ready for $100+ fees?

This is the "settlement layer" you wanted. Forget Satoshi's Bitcoin, now BTC is a store of value only coin. Who cares about commerce or competing with banks or actually trying to change the world, right?

[RealMachasm]

what the fuck is wrong with kraken 

Do you mean the toaster they are running it on?

[600watt]

I decided a couple days ago to trade a bit (fiat/BTC, from dumping my BCH) considering the high volatility. I had set up sell orders at 6550€, 6600€, 6650€, they were blown through in a matter of minutes.

And of course now I can't connect to Kraken to set up buy orders...

imho even mtgox worked better than kraken. I logged in on three different days trying to sell bcash but not a single order went through. I tried for hours each time. it is a complete shit show.

I only ended up with funds on kraken because I wanted to sell bcash. now I cannot withdraw due to limits. and I cannot even trade due to fucked up trading engine.

[kurious]

They quit?  Amazing.

Am actually relieved.

[Arriemoller]

So now Bitcoin is stuck with 1mb forever.

The Lies and Censorship crew have won.

Meanwhile, Lightning Network is at-least "18 months" away from being deployed.

Are you guys ready for $100+ fees?

This is the "settlement layer" you wanted. Forget Satoshi's Bitcoin, now BTC is a store of value only coin. Who cares about commerce or competing with banks or actually trying to change the world, right?

Because non of the other 1000 or so coins can do that. Only Bitcoin can save the world.

[FractalUniverse]

looks like we may be heading for deeper correction now.
its too early to tell, but many people increased BTC holding just for the fork and "free" b2x.

lets see what will happen, but its a bit overbought anyway.

[rolling]

So now Bitcoin is stuck with 1mb forever.

The Lies and Censorship crew have won.

Meanwhile, Lightning Network is at-least "18 months" away from being deployed.

Are you guys ready for $100+ fees?

This is the "settlement layer" you wanted. Forget Satoshi's Bitcoin, now BTC is a store of value only coin. Who cares about commerce or competing with banks or actually trying to change the world, right?

Why forever? Who is saying that?

Hopefully now a permanent solution can be developed and tested over the next year or two to allow for growth in the block size over time. I've always thought the block size should adjust with the difficulty. Maybe a consensus will develop for such a change.

[Paashaas]

Segwit 2x guys just threw in the towel - bullish as fuck?

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

...
Our goal has always been a smooth upgrade for Bitcoin.  Although we
strongly believe in the need for a larger blocksize, there is something we
believe is even more important: keeping the community together.
Unfortunately, it is clear that we have not built sufficient consensus for
a clean blocksize upgrade at this time. Continuing on the current path
could divide the community and be a setback to Bitcoin’s growth. This was
never the goal of Segwit2x.
...

Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees

Chinese mining cartel overlord Jihan Wu agrees to CANCEL the agreement. 2x is over and out.

The users won!

Just wait to sink this in for a few days into the market.....i'm getting extremely bullish!

[Torque]

They quit?  Amazing.

Am actually relieved.

By "they" you mean the one guy behind it, Jeff Garzik?

Yeah, he quit.