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Question: Did we reach the bottom already?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25877553 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 5 users with 9 merit deleted.)
mindrust
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January 28, 2018, 09:54:21 PM
Merited by cofefeGandalf (1)

Maybe its the lightning network?

It is early to say that but what if they just don't want to lose the on-chain customers?

I mean if LN gets adopted widely, only a few will be using onchain transactions. That means a direct loss of income for miners. What if they stopped spamming so they can be competitive to LN to not lose fee income?

Fee Income from 10sat/b txs is still better than nothing, right? If that's the case, core team just scored another one.

I hear that, but if you go to the BCash threads they are postulating that the miners are going to abandon BTC in droves due to the fee loss.


Who cares? As long as at least 1 person does some mining, we are fine. Miners thought they were special snowflakes. They are not. They already make money from the block rewards.

They'll leave and do what? Spam the bcash chain which nobody uses and ripoff people which don't even exist? Since nobody uses bcash who'll they be fucking?

They'll mine bitcoin whether they like it or not. Get rekt fucktards. Fucking parasites.
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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jojo69
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1/21000000 , the only math you need to know


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January 28, 2018, 09:59:16 PM


I hear that, but if you go to the BCash threads they are postulating that the miners are going to abandon BTC in droves due to the fee loss.


Who cares? As long as at least 1 person does some mining, we are fine. Miners thought they were special snowflakes. They are not. They already make money from the block rewards.

They'll leave and do what? Spam the bcash chain which nobody uses and ripoff people which don't even exist? Since nobody uses bcash who'll they be fucking?

They'll mine bitcoin whether they like it or not. Get rekt fucktards. Fucking parasites.

I do not disagree, I was just slumming over on their thread and wanted people to be aware of what they are thinking over there.

There does seem to be some cognitive dissonance involved.
Deeyoh
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January 28, 2018, 10:02:20 PM

Switching to BCH due to tx fee loss is crazy.. just look at the bcash transaction amount maybe a few hundred tx's per block. Maybe.. it's a ghost network.   They'll shoot themselves in the foot again by switching to mining it.
mOgliE
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January 28, 2018, 10:02:27 PM

$12000 in one hour come on bitcoin

Yeah don't hope too much...
There is a need for a bubble. And a need for its explosion.

Exactly like the last one here there is a possibility for the price to go reaaaaaally low and I think it will. Think about how many people bought at 17k$ and are waiting for the price to go a little bit up for selling. There is a really big resistance that won't allow the price to go up for some times :/
UnDerDoG81
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January 28, 2018, 10:03:44 PM

Sorry for that stupidish question. I invested 2013 in Bitcoin and holding since then. My Coins are on a paper wallet and I don't have much to do with cryptos since then. Everybody is talking about tether these days. I have no idea what that is again. Do I have to do anything with my bitcoins before this tether thing crashes? Or simply hold another few years?
It isn't stupid to ask IMO.
Very briefly:
Tether, as per the FAQ pointed above, is a substitute for USD pegged 1:1.
It's being used to add fiat-like liquidity.
There are worries of over-creation of tether (fractional reserve), along with more complex hypotheses.
If it is a fake, and it pops, there will be some blood and unpleasant consequences on BTC price.
However, bitcoin has lived through worse events (Gox, for example). If one believes in the long-term future of bitcoin, tether shouldn't be able to sway their course of action for the long run.

TL;DR: Just hodl.

Thanks! I wish I would have paid out 50% at ~20k. Holding for another 2-3 years, long time.
mindrust
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January 28, 2018, 10:07:51 PM

Who cares? As long as at least 1 person does some mining, we are fine.

I'm actually looking to pick up at least 1 S9-performance-equivalent miner, just to keep a single system mining for the principle of it, to go along my full node and LN node.

Don't want to support Bitmain.

Doesn't seem I have any other options available to me at this time.

Here's hoping those products out of Japan come online soon, or dare to dream Bitfury ever reconsiders coming back down to earth.

I heard Canaan is a decent company.

If you don't want Canaan stuff, you better wait for the upcoming products from either Halong Mining or GMO.

btw, I don't have anything against miners as long as they don't act like retards. I would mine bitcoin and secure my investments too if i had the chance. But this whole ASIC thing and lack of customer support/bad distribution network moved me away from it. Now i'm mining BURST because its goddamn easy to do so.
podyx
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January 28, 2018, 10:23:12 PM

Ethereum keeps creeping up and taking over market share. Will ethereun slowly take over bitcoin? Kinda seems like its possible
d_eddie
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January 28, 2018, 10:32:33 PM

Ethereum keeps creeping up and taking over market share. Will ethereun slowly take over bitcoin? Kinda seems like its possible
Just wait till they want to use it for real transactions  Wink
Torque
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January 28, 2018, 10:37:12 PM

Ethereum keeps creeping up and taking over market share. Will ethereun slowly take over bitcoin? Kinda seems like its possible
Just wait till they want to use it for real transactions  Wink

Demand for Cryptokitties is strong bro  Tongue
marcus_of_augustus
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Eadem mutata resurgo


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January 28, 2018, 10:42:03 PM

looking like a sideways breakout is in progress until early feb ...
sirazimuth
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born once atheist


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January 28, 2018, 11:00:26 PM

sideways breakout... well I guess thats good for those with a heart condition...
then again, if you have a heart condition, you sure as hell shouldn't be bitcoining....
Icygreen
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January 28, 2018, 11:03:24 PM
Merited by Torque (1), yefi (1)

Ethereum keeps creeping up and taking over market share. Will ethereun slowly take over bitcoin? Kinda seems like its possible
Just wait till they want to use it for real transactions  Wink

Demand for Cryptokitties is strong bro  Tongue
I hear cryptotitties will overtake it tho? https://www.producthunt.com/upcoming/cryptotitties
d_eddie
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January 28, 2018, 11:07:31 PM

Ethereum keeps creeping up and taking over market share. Will ethereun slowly take over bitcoin? Kinda seems like its possible
Just wait till they want to use it for real transactions  Wink

Demand for Cryptokitties is strong bro  Tongue
I hear cryptotitties will overtake it tho? https://www.producthunt.com/upcoming/cryptotitties
Don't talk titties to me, man. One thing I sorely miss from the everyday ATH season!

On second thought, it's actually a pair of things.
sirazimuth
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born once atheist


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January 28, 2018, 11:09:26 PM

Ethereum keeps creeping up and taking over market share. Will ethereun slowly take over bitcoin? Kinda seems like its possible
Just wait till they want to use it for real transactions  Wink

Demand for Cryptokitties is strong bro  Tongue
I hear cryptotitties will overtake it tho? https://www.producthunt.com/upcoming/cryptotitties

sometimes I actually wonder if this whole crypto thing is just one mega giant hoax (bigger than the religion one)
perpetrated on the greed of all of humanity by space aliens...
bones261
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January 28, 2018, 11:17:34 PM


sometimes I actually wonder if this whole crypto thing is just one mega giant hoax (bigger than the religion one)
perpetrated on the greed of all of humanity by space aliens...


No need for space aliens. It's the Illuminati.
TERA2
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Deb Rah Von Doom


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January 28, 2018, 11:30:12 PM

I dont need anything to go to the moon. Im just sitting here hoping for the arb gab with coinbase to close so i can withdraw... is that too much to ask
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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January 28, 2018, 11:34:17 PM
Last edit: January 28, 2018, 11:50:48 PM by JayJuanGee

Where have all the big blockers gone?  

Where is our friend Gab0? Where is Peter R?  Who will lecture us on the burning necessity of big blocks now that they are no longer with us?

Should we start an “adopt a big blocker” program ?


Calling all BIG BLOCKERS.



HELLO??



Are you there?




HELLO?  



Echo,    Echo,






Echo.



I note that we probably should not taunt or invite BIG Blockers, because some of those nutjob Roger Ver(y) supporters might just show up and ruin our MMMMMoooooooo.
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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January 28, 2018, 11:36:37 PM

WTF happened to the mempool? This is not the bitcoin i know. (i kid, i still remember 0 fee tx's)

Fees are as low as 1-10sat/b right now. I mean. What the fuck? https://bitcoinfees.earn.com/

Could it be that those spamming fucktards finally realized if bitcoin goes down they do too?


Didn't I see another post in this thread that gave a pretty decent rationale?  

It seems that the ongoing spamming was costing a pretty decent chunk of change on an ongoing basis, and it was seeming not to pay off, and it was also seeming to have some opposite effects too.  First of all the cost of keeping it going, and second of all it was causing greater financial motivations for the implementation of lightning - which was not a desired outcome.

checks out with what i said 2 messages above.

Now they have no other chance other than being competitive/cheap. Or else LN will destroy them.


We may have to actually wish luck to them.. just as a token of our condolences.
El duderino_
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Observing No-Coiners.


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January 28, 2018, 11:44:03 PM


Breaking 24777$ prediction game      FINAL LIST       

27/12/2017 bikerleszno Sad
29/12/2018 cAPSLOCK  Sad
30/12/2017 digithusiast Sad
31/12/2017 Raja_MBZ Sad
01/01/2018 elg Sad
02/01/2018 wachtwoord Sad
03/01/2018 JimboToronto Sad
04/01/2018 d_eddie  Sad
05/01/2018 BTCMILLIONAIRE Sad
06/01/2018 HanvanBitcoin Sad
07/01/2018 ghandi Sad
08/01/2018 savetherainforrest Sad
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10/01/2018 bicoinpsycho Sad
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13/01/2018 undeadbitcoiner Sad
14/01/2018 northypole Sad
15/01/2018 ivomm Sad
16/01/2018 maca068 Sad
17/01/2018 bitcoinvest Sad
18/01/2018 last of the v8s Sad
19/01/2018 mfort312 Sad
20/01/2018 1982dre Sad
21/01/2018 flamast2 Sad
22/01/2018 RealMachasm Sad
23/01/2018 willope Sad
24/01/2018 kartala Sad
25/01/2018 orpington Sad
26/01/2018 rolling Sad
27/01/2018 LFC_bitcoin Sad
28/01/2018 jojo69 Sad
29/01/2018 CristiTCM
30/01/2018 rayX12
31/01/2018 realsteelboy
01/02/2018 twocorn
02/02/2018 mancroofer
03/02/2018 True Myth
04/02/2018 poolminor
05/02/2018 itod
06/02/2018 scheptan
07/02/2018 vapourminer
08/02/2018 alexeft
09/02/2018 siera
10/02/2018 AlcoHoDL
11/02/2018 Dunkelheit667
12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
20/02/2018 Paashaas
21/02/2018 flynn
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
25/02/2018 sirazimuth
26/02/2018 Arriemoller
27/02/2018 yonton
28/02/2018 Muttley
01/03/2018 bones261
02/03/2018 heater
03/03/2018 soullyG
04/03/2018 InvoKing
05/03/2018 Notme
06/03/2018 sa_94
07/03/2018 NUFCrichard
08/03/2018 Imbatman
09/03/2018 Roombot
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
14/03/2018 julian071
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
04/04/2018 fluidjax
05/04/2018 bitcoinbunny
08/04/2018 tyler1890
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
16/04/2018 practicaldreamer
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK          mmmm going on holiday tuesday would be nice on holiday times the price would be going UP then the holiday gets so much nicer Smiley

JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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January 28, 2018, 11:45:18 PM


Just because a certain exchange is in the lead of a trend does not mean that they are leading the price movement.

Sure.  I would welcome alternative explanations of what is going on in the market because I am trying to puzzle it out.  I am not saying that I am right. 

I was not accusing you of anything like that, but I just wanted to point out some possible misleading inferences in your post language.  And, over the years, several of us have read the kinds of inferences that were frequently made about "china leading" or even skorea leading or Japan, and the lead follow is much more complex than that, and likely changes with time and remains a kind of symbiotic relationship between exchanges with some exchanges having more credibility and pull than others, even if they might not actually lead in trade volume... Bitstamp, for example... has retained decent amount of persuasive power.. even though from time to time, it has gotten out of sync with the prevalent BTC prices, too.
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