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

[Ibian]

Sideways for days - means we will go south soon... Watching this pattern for years now. Only one guy needs to start a dump and well be at 4 digits....

You mean we will be... OVER 9000?!1!?

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[fabiorem]

The bears are itching their fingers? I would reconsider. CME will open in four days, some money might flow in, as the funds need to hold bitcoin themselves, in case someone need it delivered in futures.

Honey badger is just taking a nap.

[Ibian]

142k Unconfirmed transactions and 380 sats/byte recommended fee.
Nothing to see here, Bitcoin is working well.

In r / bitcoin the problem is being discussed. It is becoming harder and harder to ignore the situation and pretend that nothing happens here.
https://www.reddit.com/r/Bitcoin/comments/7jqs9m/how_much_longer_are_we_going_to_pretend_we_dont/

My first bitcoin I bought around 15 dollars, today I could not start with an investment like that. And there are perhaps hundreds, or thousands of people who are preferring other currencies for that very reason.

Gab0:  we agreed less than three days ago that you weren’t going to come here and pretend to be concerned about block size.  How about you fuck off and take your concerns back to r/BTC

It is a fucking concern. Even if you, personally, are not concerned. We are rapidly approaching a limit to how many people can even use bitcoin, regardless of fee size.

[Ibian]

I've been warning people about Kraken on here for months.

Thieves...avoid.

Come again?

[HairyMaclairy]

Ibian:  if your solution is to give your own money to Roger Ver, may I suggest you reconsider.

[gentlemand]

It is a fucking concern. Even if you, personally, are not concerned. We are rapidly approaching a limit to how many people can even use bitcoin, regardless of fee size.

We need to get Segwitting. I'm faintly appalled that it wasn't ready to roll from minute one in the Core wallet, let alone anywhere third party.

[Rosewater Foundation]

It is a fucking concern. Even if you, personally, are not concerned. We are rapidly approaching a limit to how many people can even use bitcoin, regardless of fee size.

We need to get Segwitting. I'm faintly appalled that it wasn't ready to roll from minute one in the Core wallet, let alone anywhere third party.

Lukejr is on record saying we ought not to be Segwitting until LN is ready. I'm not sure why, but there it is.

[OWZ1337]

It is a fucking concern. Even if you, personally, are not concerned. We are rapidly approaching a limit to how many people can even use bitcoin, regardless of fee size.

We need to get Segwitting. I'm faintly appalled that it wasn't ready to roll from minute one in the Core wallet, let alone anywhere third party.

Lukejr is on record saying we ought not to be Segwitting until LN is ready. I'm not sure why, but there it is.

siacoin is not need to SegWit however Poon is hella convincing with his grease pen presentations :-D weeee

https://www.youtube.com/watch?v=iq6-SQC8qWo

[jojo69]

I've been warning people about Kraken on here for months.

Thieves...avoid.

Come again?

I was responding to a post, since deleted, that I neglected to quote bemoaning the unusability of the Kraken UI.

I have reiterated my personal experience numerous times, but will do so again.  If it saves one person it is worth being tiresome to those that are paying attention.

Kraken very suddenly suspended operations in my jurisdiction, A major and tech heavy US state.  I don't check foundation email addresses every day, or indeed always every week, and the suspension of support was rolled out with very short notice.  I found myself trapped on the wrong (fiat) side of a trade during a robust run up unable to stop loss as account privileges had been suspended.

Customer "support" was laughable.  I kept getting handed between teams, and the right hand clearly did not know what the left hand was doing, further, no one seemed to much care.

Kraken's business model is to pull the rug out from under selected customers and stonewall and feign helplessness until it doesn't matter.  Their obvious lack of investment in basic infrastructure should tell investors all they need to know.

[luckygenough56]

the dump is comin

[Ibian]

Ibian:  if your solution is to give your own money to Roger Ver, may I suggest you reconsider.

My solution is to increase the block size. Aside from whatever else has been or will be done to it. It is necessary.

[xhomerx10]

I've been warning people about Kraken on here for months.

Thieves...avoid.

Come again?

I was responding to a post, since deleted, that I neglected to quote bemoaning the unusability of the Kraken UI.

I have reiterated my personal experience numerous times but will do so again, if it saves one person it is worth being tiresome to those that are paying attention.

Kraken very suddenly suspended operations in my jurisdiction, A major and tech heavy US state.  I don't check foundation email addresses every day, or indeed always every week, and the suspension of support was rolled out with very short notice.  I found myself trapped on the wrong (fiat) side of a trade during a robust run up unable to stop loss as account privileges had been suspended.

Customer "support" was laughable.  I kept getting handed between teams, and the right hand clearly did not know what the left hand was doing, further, no one seemed to much care.

Kraken's business model is to pull the rug out from under selected customers and stonewall and feign helplessness until it doesn't matter.  Their obvious lack of investment in basic infrastructure should tell investors all they need to know.

 Heh!  Yeah I deleted my post because it came between HairyMac telling Gab0 to fuck off or something to that effect.
...anyway, I said I couldn't access kraken and if I do manage to get logged in, once I try to do anything else, it chokes again.  It's totally unusable.

[xhomerx10]

the dump is comin

 You drank some prune juice or something?

[flynn]

the dump is comin

 You drank some prune juice or something?

FTW

[CristiTCM]

everybody is now crazy about ripple.They missed the train with bitcoin and now are buying ripple, eth, etc, but surprisingly bitcoin price is still holding very well .

[HairyMaclairy]

Ibian:  if your solution is to give your own money to Roger Ver, may I suggest you reconsider.

My solution is to increase the block size. Aside from whatever else has been or will be done to it. It is necessary.

Bcash offers an “enhanced” user experience.  You are welcome to change your coins at a favourable exchange rate.

Consensus was that S2X was a steaming dog turd, not the least of which it got stuck on the preceding block. We never even got a chance to experience whatever other glorious bugs lurked in its code.  The reason is because it was not peer reviewed, because 99% of developers agree that a block size increase by itself doesn’t solve anything.

The big blockers had their chance and completely blew it.  They have no credibility left. The rest of us are content to wait for LN in 2018. If we don’t achieve LN in 2018, we can revisit the issue. 

[Spaceman_Spiff_Original]

I have no f*cking clue what Cardano is or tries to archieve (nor am I very interested after a quick glance), but this https://iohk.io/ homepage effect is quite neat.

[Torque]

It is a fucking concern. Even if you, personally, are not concerned. We are rapidly approaching a limit to how many people can even use bitcoin, regardless of fee size.

We need to get Segwitting. I'm faintly appalled that it wasn't ready to roll from minute one in the Core wallet, let alone anywhere third party.

Lukejr is on record saying we ought not to be Segwitting until LN is ready. I'm not sure why, but there it is.

What is appalling is the lack of SegWit support from the very companies (like Coinbase) that were screaming for a lower fee solution. Which SegWit adoption support can give RIGHT NOW.

For Brian A. to say that "SegWit is not at the top of priorities of things our customers are asking for" is not only disingenuous, it is a complete lie. It's clear the company is not adopting SegWit because it somehow benefits their bottom line to refrain from doing so.

[bitserve]

everybody is now crazy about ripple.They missed the train with bitcoin and now are buying ripple, eth, etc, but surprisingly bitcoin price is still holding very well .

This is exactly the same that happened a few months ago (march? may?) when Bitcoin price stalled and alts were pumped big time. In the end, most of those profits returned to Bitcoin, alts stalled, and... here we are again.

[jojo69]

I have no f*cking clue what Cardano is or tries to archieve (nor am I very interested after a quick glance), but this https://iohk.io/ homepage effect is quite neat.

based on website fractals alone that is a strong buy!