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

[vapourminer]

AAAAAIGHHHHHHHHHH!!!!!


18xxx

IT"S OVER, RUN FOR THE HILLS!!

crap. we're poor again?

Already recovered, sorry, not poor. Well, not because of the price anyway.

serves me right for blinking. ill have to pay more attention from now on.

[gentlemand]

From Bittrex Twitter:  

We've upgraded the servers again.  We exceeded the previous cap of 500k concurrent users.  Sorry for the inconvenience.

500k concurrent users?? Wow. Really. Wow.

Wasn't Poloniex dying a few months ago with 40,000 online all at once? Big step up.

That now kind of shits on the 'there's a couple of million bitcoin users' that is often cherished. What's going out there and who are they all?

[jojo69]

that's no moon guys

[HairyMaclairy]

Can you imagine how much money these exchanges must be making. 

[podyx]

Can you imagine how much money these exchanges must be making.  

Nejc Kodric must be like

[TERA2]

You have actively come into this thread since about $7k and saying the same fucking thing, and now the price is about 3x higher, and you still saying the same nonsense.....

Yeah, sure, sooner or later you are going to be correct... but your repetition of the same cyclical bitcoin price gonna crash nonsense, does not mean that you have any actual insight.

Yes since 8K I've been mentioning there would end up being a crash, in response to people who thing prices are just going to become a flat ascending staircase forever, but I didnt say WHERE I didnt say 'the crash is going to start here'. So every time I made the statement is still going to end up becoming true

Actually if you look at every little dip we've had during the rally you'll find me saying 'nope my TA says this isn't the crash'

And because I want to add some vinegar to the open wound, I'd like to remember that a 60% crash means roughly 10k (which is what most of us expect I guess), VS the 'at least 3k' predicted initially

hence "at least"

[Syke]

Mother fucking transaction fees are getting out-of-hand.

Trying to move shit to Gemini for tonight's action, and shit be stalling out, yo.

Current fees estimated at ~343sat/byte for 60 min confirmation.

Sheeeeeeeeeeeeeeeeit.

My last transfer, the fee was .0008 btc for 1-hr confirmation. Are you really complaining about a $15 fee for a near-instant international money transfer?

[orpington]

Mother fucking transaction fees are getting out-of-hand.

Trying to move shit to Gemini for tonight's action, and shit be stalling out, yo.

Current fees estimated at ~343sat/byte for 60 min confirmation.

Sheeeeeeeeeeeeeeeeit.

My last transfer, the fee was .0008 btc for 1-hr confirmation. Are you really complaining about a $15 fee for a near-instant international money transfer?

This fee thing is such a fucking canard.

I send many transfers and the fee is always a relative pittance.

And its free fucking money really, anyway.

I don't understand people whining about fees at all.

[bones261]

Mother fucking transaction fees are getting out-of-hand.

Trying to move shit to Gemini for tonight's action, and shit be stalling out, yo.

Current fees estimated at ~343sat/byte for 60 min confirmation.

Sheeeeeeeeeeeeeeeeit.

My last transfer, the fee was .0008 btc for 1-hr confirmation. Are you really complaining about a $15 fee for a near-instant international money transfer?

This fee thing is such a fucking canard.

I send many transfers and the fee is always a relative pittance.

And its free fucking money really, anyway.

I don't understand people whining about fees at all.

Well, I am happy that you can do the Bitcoin equivalent of wiping your ass with $10 bills and flushing them down the toilet. I am sure that the alligator lurking at the bottom of the sewer, Jihan Wu, is enjoying your regular feedings. Not all of us are suffering from an embarrassment of riches.  

[centralbanksequalsbombs]

From Bittrex Twitter:  

We've upgraded the servers again.  We exceeded the previous cap of 500k concurrent users.  Sorry for the inconvenience.

Edit:  If Bittrex has 500k concurrent users (noting many of those will be bots), how many humans are there and what proportion of the crypto market is Bittrex?  

I’ll take a stab in the dark and say 50:1 users to concurrent users. So 25 million account holders. If we assume Bittrex has 10% of the global crypto market that gives us 250 million owners of crypto globally.  Based on a global population of 7.6 billion we are at 3.2% of the global population holding “some” crypto.

No, I'd say we are closer to 1% of global population use. But that number in itself is huge. We hit 1% in 10 years, and I think within 3 years we will be almost 3%! That's alot more people pouring in soon. As the max global population I'd foresee actively using Bitcoin in our lifetimes may be about 6% to 7%.

Once Bitcoin hits 5%, it is effectively mainstream and at that point already taken over traditional financial structures. This will happen within 5, maybe 6 years maximum.

[Syke]

Not all of us are suffering from an embarrassment of riches.  

Just HODL. You will soon join the suffering.

[bones261]

Not all of us are suffering from an embarrassment of riches.  

Just HODL. You will soon join the suffering.

If and when that happens, the "cheap tx fee" will be the equivalent of $500. 

[gentlemand]

Well, I am happy that you can do the Bitcoin equivalent of wiping your ass with $10 bills and flushing them down the toilet. I am sure that the alligator lurking at the bottom of the sewer, Jihan Wu, is enjoying your regular feedings. Not all of us are suffering from an embarrassment of riches.  

Could you please make an orderly exit? I don't think anyone here really has the time to converse with the poor any more. Our time is more valuable. There's a good chap.

[orpington]

Not all of us are suffering from an embarrassment of riches.  

Just HODL. You will soon join the suffering.

If and when that happens, the "cheap tx fee" will be the equivalent of $500. 

If I have a few millions I would be okay with that too.

[bones261]

Well, I am happy that you can do the Bitcoin equivalent of wiping your ass with $10 bills and flushing them down the toilet. I am sure that the alligator lurking at the bottom of the sewer, Jihan Wu, is enjoying your regular feedings. Not all of us are suffering from an embarrassment of riches.  

Could you please make an orderly exit? I don't think anyone here really has the time to converse with the poor any more. Our time is more valuable. There's a good chap.

Gee, you nouveau riche are worse than the old money. No wonder the aristocracy always looked down upon you.

[orpington]

Well, I am happy that you can do the Bitcoin equivalent of wiping your ass with $10 bills and flushing them down the toilet. I am sure that the alligator lurking at the bottom of the sewer, Jihan Wu, is enjoying your regular feedings. Not all of us are suffering from an embarrassment of riches.  

Could you please make an orderly exit? I don't think anyone here really has the time to converse with the poor any more. Our time is more valuable. There's a good chap.

Gee, you nouveau riche are worse than the old money. No wonder the aristocracy always looked down upon you.

Maybe you should stick to Litecoin or BitCHcoin?

[gentlemand]

Gee, you nouveau riche are worse than the old money. No wonder the aristocracy always looked down upon you.

Shoo shoo. Away with you.

[bones261]

Not all of us are suffering from an embarrassment of riches.  

Just HODL. You will soon join the suffering.

If and when that happens, the "cheap tx fee" will be the equivalent of $500. 

If I have a few millions I would be okay with that too.

"A Penny saved is a penny earned." There's a reason Ben Franklin is on the $100.00 bill.

[sirazimuth]

You have actively come into this thread since about $7k and saying the same fucking thing, and now the price is about 3x higher, and you still saying the same nonsense.....

Yeah, sure, sooner or later you are going to be correct... but your repetition of the same cyclical bitcoin price gonna crash nonsense, does not mean that you have any actual insight.

Yes since 8K I've been mentioning there would end up being a crash, in response to people who thing prices are just going to become a flat ascending staircase forever, but I didnt say WHERE I didnt say 'the crash is going to start here'. So every time I made the statement is still going to end up becoming true

Actually if you look at every little dip we've had during the rally you'll find me saying 'nope my TA says this isn't the crash'

And because I want to add some vinegar to the open wound, I'd like to remember that a 60% crash means roughly 10k (which is what most of us expect I guess), VS the 'at least 3k' predicted initially

hence "at least"

ya know if I lived forever and predicted the apocalypse everyday, eventually after a few billion years I'd be correct....

[nikauforest]

Yes, no room for the poor here.

Ponder this: Lightning network requires you to open a channel (high fees) and close a channel ( high fees ). Bob and Alice are not going to be buying coffee. I am not going to be using Lightning. I am going to pay 100-500 dollar transaction fees and buy a boat or a house or just sit on Bitcoin.