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November 24, 2017, 03:28:00 PM *
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Question: Nov. 30 Price Forecast:
Below $5,500 - 34 (12.4%)
$5,500 to $6,000 - 13 (4.7%)
$6,000 to $6,500 - 8 (2.9%)
$6,500 to $7,000 - 21 (7.6%)
$7,000 to $7,500 - 23 (8.4%)
$7,500 to $8,000 - 23 (8.4%)
$8,000 to $8,500 - 38 (13.8%)
Over $8,500 - 115 (41.8%)
Total Voters: 275

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 19747387 times)
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gwoplock
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November 08, 2017, 08:07:26 PM

Why the hell is the price going down?

people buying to get "free" coins getting out of the market
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rjclarke2000
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November 08, 2017, 08:10:27 PM

Why the hell is the price going down?

For once I'd say this is a good thing. Get that lot out.

They would have dumped on the 16th anyway if 2x had happened. All that's happening now is those people selling and buying Alts.


No big deal, just a premature sell of rather than next week.
Phil_S
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November 08, 2017, 08:18:23 PM

Surely some TA and Fibonacci numbers predicted this roller-coaster, right?  Grin
xhomerx10
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November 08, 2017, 08:19:05 PM

Why is ETH up and BCH down? This market makes zero sense.

Nobody except losers will care about that.


Technically I'm a winner. It just seems odd.

 We're going to need to see medals and trophies or it didn't happen.

Elwar
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November 08, 2017, 08:26:11 PM

Why is ETH up and BCH down? This market makes zero sense.

Makes perfect sense...Ver and most of the BCH crowd are big ETH supporters.

BCH was poised to be the solution to Bitcoin's woes if the S2X fork completely hosed both systems and brought everything crumbling down.

So people started buying BCH with their ETH.

Now that the S2X fork isn't happening people are moving their money back into ETH.
ssmc2
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November 08, 2017, 08:27:58 PM

https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/

Their articles are usually on point but this one seems like fear mongering.
Gab0
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November 08, 2017, 08:28:12 PM

The tx fees suck because the value is so high

I did 6 btc tx yesterday with electrum using dynamic fees within 2 blocks. They averaged 3$ each.
Is that too damn high?

In fact, yes.
Imagine when millions of people are opening and closing LN channels or executing smart contracts.
It is not my intention to spread FUD, but we have an eventual problems between our hands.
I really hope bitcoin can scale offchain, as onchain.
gwoplock
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November 08, 2017, 08:29:40 PM

https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/

Their articles are usually on point but this one seems like fear mongering.

Quantum will kill all hash functions. the thing is we are still > 10 years from home quantum. Currently, it only works in the lab near absolute 0

edit: I a word
Last of the V8s
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November 08, 2017, 08:30:30 PM

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.

Well you're a very nice guy.

On the other hand I will never trust any of these guys.

They proved they are anti-bitcoin when they didn't back down months ago.

These deceitful cowards will be back for your nice things.

Rosewater Foundation
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November 08, 2017, 08:31:30 PM

Why is ETH up and BCH down? This market makes zero sense.

Makes perfect sense...Ver and most of the BCH crowd are big ETH supporters.

BCH was poised to be the solution to Bitcoin's woes if the S2X fork completely hosed both systems and brought everything crumbling down.

So people started buying BCH with their ETH.

Now that the S2X fork isn't happening people are moving their money back into ETH.

You're right, makes sense..
xhomerx10
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November 08, 2017, 08:31:45 PM

The tx fees suck because the value is so high

I did 6 btc tx yesterday with electrum using dynamic fees within 2 blocks. They averaged 3$ each.
Is that too damn high?
Have you ever done an international wire?

 No word of a lie, just did one Thursday; it arrived at its destination account yesterday and it was no charge.  I was so surprised when the bank teller told me "No charge.  It's free!", but then it worked out to nearly a 5% flogging on the exchange rate differential - they now make their money in other, more subtle ways.
xhomerx10
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November 08, 2017, 08:35:00 PM

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.

 Screw it. I'm going to violate a forum rule for this one.

+1
mattimann
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November 08, 2017, 08:38:53 PM

Can we launch a public request to Jihan to donnate a few servers (no longer needed anyway) to Kraken? At least he would serve some public interest by doing so... . Wink

Kraken are actually doing quite well with their laptop.


i alway´s thought they are using a C64
Higher Altitude
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November 08, 2017, 08:40:15 PM

Stocked up on that bounce.

On board the 8k CHOOCHOO now.
Fiat = Deer in headlights  Grin
Rosewater Foundation
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November 08, 2017, 08:41:42 PM

SegWit2x futures are inching back up. Imagine this is a war ruse. Shocked
Quick! Attack all the hatches! Batten down the sinews!
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November 08, 2017, 08:42:20 PM

The tx fees suck because the value is so high

I did 6 btc tx yesterday with electrum using dynamic fees within 2 blocks. They averaged 3$ each.
Is that too damn high?

In fact, yes.
Imagine when millions of people are opening and closing LN channels or executing smart contracts.
It is not my intention to spread FUD, but we have an eventual problems between our hands.
I really hope bitcoin can scale offchain, as onchain.

How often does one open and close a credit card in their lifetime?
suzanne5223
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November 08, 2017, 08:44:52 PM

Tomorrow >$8k

It good to optimistic but are you sure about that mate because there is some kind of dump in price of bitcoin cause it was around $7200 price range 10minutes back and it now $7100.
TheFlynn49
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November 08, 2017, 08:45:07 PM

ViaBTC has turned it's Segwit2X flag off, has it not ?

493670    7 minutes ago    0x20000000    ViaBTC    f/ViaBTC/Bitcoin Cash/,mm"Œy3jHp m@~/^&zeҁ    No    No    1,053.97    3,993.21
493668    28 minutes ago    0x20000000    ViaBTC    d/ViaBTC/Bitcoin Cash/,mmcaI-+:7w]vU~<,    No    No    1,047.23    3,993.17
Rosewater Foundation
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November 08, 2017, 08:48:19 PM

^good point, who's still signalling?
mymenace
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November 08, 2017, 08:50:59 PM

The tx fees suck because the value is so high

I did 6 btc tx yesterday with electrum using dynamic fees within 2 blocks. They averaged 3$ each.
Is that too damn high?

In fact, yes.
Imagine when millions of people are opening and closing LN channels or executing smart contracts.
It is not my intention to spread FUD, but we have an eventual problems between our hands.
I really hope bitcoin can scale offchain, as onchain.

How often does one open and close a credit card in their lifetime?

This is interesting, I hope everyone realizes

Bitcoin is built and tested it works


Here is the part where everybody else comes in

Build on top of it....

Build around it

Build with it

You can do almost anything to make it cheaper, faster, more efficient

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