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

[HairyMaclairy]

Hey HairyMaclairy (from Donaldson's Dairy) thats interesting about the transaction volumes of the  coins.

I agree with some previous comments about segwit not delivering. Why implement and not use? It makes no sense. Are they really worried segwit isn't secure perhaps?

Coinbase has not implemented Segwit.

Coinbase is withholding Bcash until 1 Jan. 

Both of those actions serve to support the price of Bcash.  Draw your own conclusions.

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[LewisPirenne]

Another day of BTC doing almost 500K tx as per Blockchain.info.  This means that we are going to see another 20% spike in difficulty in a few days.  Even that Cryptokitties chain is doing almost 1 mio tx today.  Now even Bitmain's own BTC.com is rolling out Segwit wallet to pack more tx into blocks.  I have seen a few 4K+ tx blocks and lots of 3K+ tx blocks.

Given the nominal tx volume in fiat terms, our BTC is averaging out to about $60K fiat per tx vs Cryptokitties chain's less than $4K fiat per tx.  So despite what exchange volume might tell you, e.g. that pump-and-dump XRP's 6 billion+ trading volume.  BTC is actually seeing serious uses and moving lots of value around on the internet, as it is designed to.  

Edit.  Uhm..  by the way, that XRP has passed BCH in marketcap from the current pump....

[Rosewater Foundation]

Coinbase is withholding Bcash until 1 Jan. 

The new year can't come soon enough.

[explorer]

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

Thieves...avoid.

 I was assimilated when they took over CAVirtex.

Been trying to get my coins off but it has been impossible to login today.  

edit:  and Hitbtc is also down for more than 24 hrs..  

 Finally was able to make a Bitcoin withdraw and the tx shows up on the network.  I'm done with Kraken.

I'm done with kraken as soon as i manage to withdraw funds. Haven't prooved ID so can only withdraw tiny bits, after refreshing the withdraw page 20 times, once per day

I gave up trying to log in a loong time ago (last transaction was around the $600/btc range lol).  Honestly don't even remember what I have left there.  It's not much It wasn't much, but could be as much as 1 btc and a few hundred bucks.   Probably not that much, but I think I will wait for a new multi-slice toaster before I exercise that frustration again.

[Heater]

Who stores pr0n anyway? 

Meanwhile, Bitcoin seems to form that particular stabilisation flag, waiting for the next leg higher. This thing simply does not want to go down.

*insert HODLer theme*

Is this the calm before the storm? I can feel an epic pump in my waters -we will talk about it for years to come....

[jojo69]

If they planned on remaining in business you would think they would invest in scaling their service.

They got a huge boost by being named the US GOX claim clearinghouse...and squandered it.

[Ibian]

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

Thieves...avoid.

 I was assimilated when they took over CAVirtex.

Been trying to get my coins off but it has been impossible to login today.  

edit:  and Hitbtc is also down for more than 24 hrs..  

 Finally was able to make a Bitcoin withdraw and the tx shows up on the network.  I'm done with Kraken.

I'm done with kraken as soon as i manage to withdraw funds. Haven't prooved ID so can only withdraw tiny bits, after refreshing the withdraw page 20 times, once per day

I gave up trying to log in a loong time ago (last transaction was around the $600/btc range lol).  Honestly don't even remember what I have left there.  It's not much It wasn't much, but could be as much as 1 btc and a few hundred bucks.   Probably not that much, but I think I will wait for a new multi-slice toaster before I exercise that frustration again.

Try again. Really.

[Wekkel]

[...] moving lots of value around on the internet, as it is designed to.  

Getting back to the core proposition of cryptocurrencies still makes me bullish like hell.

Biggest...Wealth...Transfer...Ever

[Dunkelheit667]

...
Biggest issue with notebooks is and remains to be: HDD storage is always too small in the end

Just install a 1 TB SSD and carry a 4 TB external 2.5 inch HDD in your backpack. At the moment, this should be sufficent to store several blockchains. Most people will have less storage inside their PCs/home "networks".

[lightfoot]

reading the blocksize observer and watching bitcoin going sideways is boring.

Meanwhile I got me a new notebook. A fanless Huawei MateBook X. After like 10 years with a macbook pro I switched to a windows notebook.



Best parts about this notebook are the fanlessness and the great dolby atmos audio system. Big recommendation from me.

Nice! I just picked up a pair of X1 Carbons myself for work. Damn near indestructible and I love the little nipple/trackpoint.

C

[HairyMaclairy]

Uhm..  by the way, that XRP has passed BCH in marketcap from the current pump....

Hilarious.  From one shit coin to another.  Even funnier was the immediate pump to put Bcash back in third place. See that guys? Good coin control from Team Ver.

[jojo69]

there is the candle I was looking for

[RayX12]

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....

I have been watching these patterns for years now, too.  and for the first two years, during 2014 and 2015, there was a tendency to break down after sideways; however, the past two years (2016 and 2017), there has been a tendency to break up, after sideways. 

So you seem to be suggesting that we are reverting to the 2014-2015 pattern?  Seems way too early to call that kind of reversion, no?

Need to keep an eye on the alts if they’re pumping then the stall is for that reason. As stated above The scam coins will stop being pumped and the profits will go back to btc.

No pumping BTC untill the whales can cash out of ALT with 100% profit.
 

Looks like whales had enough profit on ALTS..  Time to go up BTC 

[aesma]

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.

The other futures are cash settled so are you sure they need to hold coins ?

[proudhon]

The person with the wall on GDAX really should just execute a market sell order. There's no way that's gonna get bought. We're literally at the top of the precipice and on the verge of the most epic crash in modern market history as bitcoin's failure is completely priced in. 2018 will be the year bitcoin finally dies.

[strawbs]

The person with the wall on GDAX really should just execute a market sell order. There's no way that's gonna get bought. We're literally at the top of the precipice and on the verge of the most epic crash in modern market history as bitcoin's failure is completely priced in. 2018 will be the year bitcoin finally dies.

Gotta love proudhon, that just made my day. Surely means we're going up again?

[jojo69]

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YESSS!!!!

[Rosewater Foundation]

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YESSS!!!!

My body is ready.

[HairyMaclairy]

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YESSS!!!!

My body is ready.

Bring it on Alpaca Boy !

[Rosewater Foundation]

If you're still holding LTC and hookers, might want to pay now.