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December 15, 2017, 08:18:25 PM *
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Question: Dec. 16 Bitcoin Price:
<$10,000 - 24 (11.1%)
$10,000-$12,000 - 8 (3.7%)
$12,000-$14,000 - 10 (4.6%)
$14,000-$16,000 - 18 (8.3%)
$16,000-$18,000 - 32 (14.7%)
$18,000-$20,000 - 39 (18%)
$20,000-$22,000 - 29 (13.4%)
$24,000-$26,000 - 14 (6.5%)
$26,000-$28,000 - 3 (1.4%)
$28,000-$30,000 - 7 (3.2%)
>$30,000 - 33 (15.2%)
Total Voters: 217

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20044132 times)
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Torque
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November 12, 2017, 03:23:48 PM

"Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator."

Perhaps if you could make a cogent case showing how Bitcoin Segwit is in any way more decentralized than Bitcoin Cash, you might have a point. But so far, all I've seen from you or others is mere hand waving.

Actually he has very good point. What you call Bitcoin Segwit can do ALL the things so called Bitcoin Cash can do and a lot more. This is why BCH is dead. It was born dead.


Notice how jbreher the troll doesn't acknowledge that Bitcoin Cash is the ULTIMATE in a 98%+ centralized mining operation, nor ever gives any evidence to the contrary. He doesn't even care that it's a problem. He just deflects, hand-waves, and tries to turn the argument back on the other person.  Roll Eyes He's fkn done this for years, it's his MO.
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conspirosphere.tk
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Revolution will be decentralized


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November 12, 2017, 03:47:20 PM

Notice how jbreher the troll doesn't acknowledge that Bitcoin Cash is the ULTIMATE in a 98%+ centralized mining operation, nor ever gives any evidence to the contrary. He doesn't even care that it's a problem. He just deflects, hand-waves, and tries to turn the argument back on the other person.  Roll Eyes He's fkn done this for years, it's his MO.

Only putting their money where their mouth is will let the motherforkers see the light.
Happy bagholding to those who didn't dump that bitch yet. And good luck finding a bar accepting that for your coffee.
Coinnosaurus
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November 12, 2017, 03:48:45 PM


This is normal behavior during pump/dump  https://blockchain.info/charts/mempool-size?timespan=all , but this time might reach new ATH
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November 12, 2017, 03:50:38 PM

Notice how jbreher the troll doesn't acknowledge that Bitcoin Cash is the ULTIMATE in a 98%+ centralized mining operation, nor ever gives any evidence to the contrary. He doesn't even care that it's a problem. He just deflects, hand-waves, and tries to turn the argument back on the other person.  Roll Eyes He's fkn done this for years, it's his MO.

Only putting their money where their mouth is will let the motherforkers see the light.
Happy bagholding to those who didn't dump that bitch yet. And good luck finding a bar accepting that for your coffee.

Does a Bitmain ASIC generate enough heat to make coffee??
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..like bright metal on a sullen ground.


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November 12, 2017, 03:54:04 PM

Hmm.. might want to set some low buy orders just in case  Shocked

https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ

I'm going to go out on a limb and say we'll see the largest sell wall in bitcoin history today.

I'm trying to remember some of the past giant sell walls in BTC history. One that stands out in my memory is the one at 300 when the guy cashed out.. I think it was around 30k BTC IIRC.  Of course, that could be dwarfed today in terms of USD value. And I have a feeling it will be soon.  Although this time there's a good chance it's only flashed. Be safe out there folks  Wink
Torque
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November 12, 2017, 03:57:21 PM

Only putting their money where their mouth is will let the motherforkers see the light.
Happy bagholding to those who didn't dump that bitch yet. And good luck finding a bar accepting that for your coffee.

The other ultimate irony is that Roger Ver travels the world promoting BCH. But whenever he eats out (which judging by his Twitter stream is a lot), nowhere does any restaurant accept BCH so he has to pay in Bitcoin. LMAO.  Grin
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November 12, 2017, 04:02:51 PM

So...just got an estimate from my accountant for my taxes (going back 2 years to clear up any past transactions I made as well as figuring out how to declare stuff on Bitfinex (shorts, margin lending, BCH, expat stuff, etc.). Initial estimate came to about $50k.

That's a lot higher than the $150 I usually pay for TurboTax.

Anyone have a decent accountant that understands Bitcoin? Strangely enough she owns bitcoin and accepts bitcoin but needed 60 hours for "Legal Research, Analysis, Opinion various BTC Issues" at over $400/hour.
conspirosphere.tk
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Revolution will be decentralized


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November 12, 2017, 04:03:18 PM

Hmm.. might want to set some low buy orders just in case  Shocked

https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ

no, the whales are going long:



edit: no, more undecided.
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born once atheist


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November 12, 2017, 04:07:05 PM

mfort312
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November 12, 2017, 04:09:25 PM

Wow. Last few days have been like a hurricane. It's flying everywhere.
I decided to increase my BTC stash and bought in when it was around $7000.
Sold my BCH for BTC when it was aroudn $600.
Now I am confused. I will admit that I clearly do not understand what to do.
Should I hodl the BTC I bought @7000 or should I exchange it for an alt or BCH.
I need help.

Beautiful, just amazing how people lose their mind when they become greedy . Enjoy the dumpfest you deserve it

I need help.

No one can help you except yourself ,just NEVER buy at the top.. NEVER

I made lots of the best investments while buying exactly at the top.

Buying Bitcoin at 50$ was at that time exactly that, the top. Buying Ethereum at 1$ was at that time exactly that, the top. And so on and on and on...

Not buying at the top is basically the worst advice you can give someone in such a market as the cryptomarket.

Hear! Hear! Always bet on winners. Might just have to wait a bit longer, but even those who bought and held at the Mt Gox top quintupled their value.
Searing
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Tips for help? 1BzbfMHCrTeLjc7eCGrYVhH3QXSRodSuke


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November 12, 2017, 04:12:36 PM

So...just got an estimate from my accountant for my taxes (going back 2 years to clear up any past transactions I made as well as figuring out how to declare stuff on Bitfinex (shorts, margin lending, BCH, expat stuff, etc.). Initial estimate came to about $50k.

That's a lot higher than the $150 I usually pay for TurboTax.

Anyone have a decent accountant that understands Bitcoin? Strangely enough she owns bitcoin and accepts bitcoin but needed 60 hours for "Legal Research, Analysis, Opinion various BTC Issues" at over $400/hour.


My cpa read the btc irs quidelines. Said btc is treated like land. Thus essentially I’m a farmer with surplus crops
and equip and elec deductions etc. also sq footage % of house at home biz angle

Took her 10 min to figure out. She also charges $60 an hour.

You got screwed
monsanto
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..like bright metal on a sullen ground.


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November 12, 2017, 04:15:13 PM

Hmm.. might want to set some low buy orders just in case  Shocked

https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ

no, the whales are going long:



edit: no, more undecided.

My fault. I meant to say very low buy orders... of the flash crash variety. Along those same lines, definitely don't want any stop loss orders out there.
sirazimuth
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November 12, 2017, 04:16:01 PM

Wow. Last few days have been like a hurricane. It's flying everywhere.
I decided to increase my BTC stash and bought in when it was around $7000.
Sold my BCH for BTC when it was aroudn $600.
Now I am confused. I will admit that I clearly do not understand what to do.
Should I hodl the BTC I bought @7000 or should I exchange it for an alt or BCH.
I need help.

Beautiful, just amazing how people lose their mind when they become greedy . Enjoy the dumpfest you deserve it

I need help.

No one can help you except yourself ,just NEVER buy at the top.. NEVER

I made lots of the best investments while buying exactly at the top.




Buying Bitcoin at 50$ was at that time exactly that, the top. Buying Ethereum at 1$ was at that time exactly that, the top. And so on and on and on...

Not buying at the top is basically the worst advice you can give someone in such a market as the cryptomarket.

Hear! Hear! Always bet on winners. Might just have to wait a bit longer, but even those who bought and held at the Mt Gox top quintupled their value.

well yeah... that is as long as they didn't actually have it at Gox when it shat the bed....
mfort312
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November 12, 2017, 04:19:55 PM

Wow. Last few days have been like a hurricane. It's flying everywhere.
I decided to increase my BTC stash and bought in when it was around $7000.
Sold my BCH for BTC when it was aroudn $600.
Now I am confused. I will admit that I clearly do not understand what to do.
Should I hodl the BTC I bought @7000 or should I exchange it for an alt or BCH.
I need help.

Beautiful, just amazing how people lose their mind when they become greedy . Enjoy the dumpfest you deserve it

I need help.

No one can help you except yourself ,just NEVER buy at the top.. NEVER

I made lots of the best investments while buying exactly at the top.




Buying Bitcoin at 50$ was at that time exactly that, the top. Buying Ethereum at 1$ was at that time exactly that, the top. And so on and on and on...

Not buying at the top is basically the worst advice you can give someone in such a market as the cryptomarket.

Hear! Hear! Always bet on winners. Might just have to wait a bit longer, but even those who bought and held at the Mt Gox top quintupled their value.

well yeah... that is as long as they didn't actually have it at Gox when it shit the bed....

True that but that goes for ANY exchange.

You don't own Bitcoin if you don't own your private keys.
Gab0
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November 12, 2017, 04:20:41 PM

Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

_______________________________________________________________________________ ______________________

I want to send someone $200 in bitcoin....what fee would ensure it happens inside 24 hours?
Quote
The fastest and cheapest transaction fee is currently 950 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 214,700 satoshis.
https://bitcoinfees.earn.com/

Probably an overestimation. Just wait until the hashrate is back up as it should be.

It is not an over estimate. I made a transaction with a fee of $ 8 (129,217 satoshis), and after 6 hours it can not be confirmed.

_______________________________________________________________________________ ________________________


Just a little reminder about what Bitcoin was originally planned to be:

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306

And then think again which of the lately numerous Bitcoin-versions comes closest to this vision and therefore would rightly deserve to call itself "Bitcoin".

Hint. It may eventually not be the version you are prefering.

Thank you very much for that "reminder". It is always very interesting to reread what Satoshi thought about his long term perspective in the development of bitcoin.


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November 12, 2017, 04:28:12 PM

It is not an over estimate. I made a transaction with a fee of $ 8 (129,217 satoshis), and after 6 hours it can not be confirmed.

But but but why would you use Bitcoin if you can use Bitcoin Cash? It is so fast, block is mined every minute and tx is almost free.
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November 12, 2017, 04:29:41 PM

Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

ask the guy who's paying your wages to go easy on the spamming.
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November 12, 2017, 04:29:57 PM

Buying at $7.5k is not even an issue. It's probably going over $10k by the end of the year, or some time in 2018. Nowadays it's actually much easier to make a huge profit in the long run than a quick profit by day trading...

As for the fees, Segwit2x will probably be a required fork for the "mainstream" Bitcoin, since Segwit alone failed to address the problem in the short term.
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November 12, 2017, 04:34:22 PM

https://www.bitcoincash.org/letter-from-the-ceo.pdf
OFFICIAL STATEMENT
COMMUNIQUÉ OFFICIE
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November 12, 2017, 04:35:33 PM

Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

ask the guy who's paying your wages to go easy on the spamming.

Two-faced devil.
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