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

[dothebeats]

Should I expect the price to go up to $300 by the end of this week or not?

[tarmi]

yes, you should buy.

 

[Richy_T]

Ps: i recently moved my blockchain files from my 128GB SSD to an HDD, and was shocked how much longer loading bitcoin-qt took. It went from being about 40-60 second loadtime to 3-4 minutes. SSD drives are the future, and will make read/write/storage of the blockchain quick and simple

But most of the blockchain is static, unused data, making it a poor candidate for SSD. And I wonder it Bitcoin is SSD friendly. Does it do a lot of read/writes or is that mostly when a block comes in? I wonder if it would make sense to have the client split the blockchain to use the appropriate device for the appropriate use case. Maybe this could be done with symlinks on *nix.

[ðºÞæ]

Should I expect the price to go up to $300 by the end of this week or not?

if you want to be a millionaire next week dont buy, otherwise it is a great time to enter the market

[Maximum_Overderp!]

Long on margin with an exit strategy @ 355.00 USD with 5% of my btc holdings. Anyone else?

[KryptoFoo]

not new news but big news if the largest bank in the US wants to use crypto

http://blogs.wsj.com/moneybeat/2015/02/27/j-p-morgan-goes-hunting-for-disruptors-and-bitcoin-experts/

[greenlion]

Ps: i recently moved my blockchain files from my 128GB SSD to an HDD, and was shocked how much longer loading bitcoin-qt took. It went from being about 40-60 second loadtime to 3-4 minutes. SSD drives are the future, and will make read/write/storage of the blockchain quick and simple

But most of the blockchain is static, unused data, making it a poor candidate for SSD. And I wonder it Bitcoin is SSD friendly. Does it do a lot of read/writes or is that mostly when a block comes in? I wonder if it would make sense to have the client split the blockchain to use the appropriate device for the appropriate use case. Maybe this could be done with symlinks on *nix.

What he's referring to is the startup where blocks are verified during the splash screen, in this situation an SSD is massively massively faster. I did exactly the same thing a while back during the 0.9.x-era and noticed the same.

[bassclef]

Ps: i recently moved my blockchain files from my 128GB SSD to an HDD, and was shocked how much longer loading bitcoin-qt took. It went from being about 40-60 second loadtime to 3-4 minutes. SSD drives are the future, and will make read/write/storage of the blockchain quick and simple

But most of the blockchain is static, unused data, making it a poor candidate for SSD. And I wonder it Bitcoin is SSD friendly. Does it do a lot of read/writes or is that mostly when a block comes in? I wonder if it would make sense to have the client split the blockchain to use the appropriate device for the appropriate use case. Maybe this could be done with symlinks on *nix.

Regardless I would choose SSD over HDD for any application. You simply can't go back after using them. Plus you get hardware level drive encryption.

[kurious]

Any other Brits on here?

Daily lurker, occasional poster, long term holder, Brit. 

Mustn't grumble ;-)

[ChartBuddy]

Coin
Explanation

[molecular]

Ps: i recently moved my blockchain files from my 128GB SSD to an HDD, and was shocked how much longer loading bitcoin-qt took. It went from being about 40-60 second loadtime to 3-4 minutes. SSD drives are the future, and will make read/write/storage of the blockchain quick and simple

But most of the blockchain is static, unused data, making it a poor candidate for SSD. And I wonder it Bitcoin is SSD friendly. Does it do a lot of read/writes or is that mostly when a block comes in? I wonder if it would make sense to have the client split the blockchain to use the appropriate device for the appropriate use case. Maybe this could be done with symlinks on *nix.

Regardless I would choose SSD over HDD for any application. You simply can't go back after using them. Plus you get hardware level drive encryption.

You also get hardware level drive encryption with any recent cpu (there are benchmarking tools to ease selection of the correct stream cipher (or block cipher?) that is acellerated on your cpu). Privacy-wise, I'm not sure where I'd rather have the hw encryption stuff, in the cpu or in the hd controller.

example:

Code:

#> cryptsetup benchmark

# Tests are approximate using memory only (no storage IO).
PBKDF2-sha1       498372 iterations per second
PBKDF2-sha256     248242 iterations per second
PBKDF2-sha512     164250 iterations per second
PBKDF2-ripemd160  375027 iterations per second
PBKDF2-whirlpool  204161 iterations per second
#  Algorithm | Key |  Encryption |  Decryption
     aes-cbc   128b   562.4 MiB/s  1891.0 MiB/s
 serpent-cbc   128b           N/A           N/A
 twofish-cbc   128b           N/A           N/A
     aes-cbc   256b   415.0 MiB/s  1453.0 MiB/s
 serpent-cbc   256b           N/A           N/A
 twofish-cbc   256b           N/A           N/A
     aes-xts   256b  1642.0 MiB/s  1648.0 MiB/s
 serpent-xts   256b           N/A           N/A
 twofish-xts   256b           N/A           N/A
     aes-xts   512b  1281.0 MiB/s  1284.7 MiB/s
 serpent-xts   512b           N/A           N/A
 twofish-xts   512b           N/A           N/A

[bucktotal]

there is a serious sale going on at CaVirtex right now. maybe the closing is causing some panic, or maybe people are worried about the ability to sell large quantities anymore afterwards so are taking the hit now ... but the sale is on. lucky if you got some cash on there and are a bull.

[chriswen]

i want to sell off some of this margin position to lock in/hope for lower to rebuy

but usd swap is becoming hard to get at decent rates :/


yo troll/bears. go lend your USD >14% interest a year!

can't you close your position but keep USD swaps reserved?

[adamstgBit]

there is a serious sale going on at CaVirtex right now. maybe the closing is causing some panic, or maybe people are worried about the ability to sell large quantities anymore afterwards so are taking the hit now ... but the sale is on. lucky if you got some cash on there and are a bull.

I did some arb the other day moving my $ funds to another exchange, and today the arb opportunity is twice as good. I guess alot of poeple are simply cashing out to fiat and withdrawing to their bank account because of the shutdown, i wonder how long these prices are going to last, is it worth wiring more money to virtex... hmm... probably!

[Sitarow]

there is a serious sale going on at CaVirtex right now. maybe the closing is causing some panic, or maybe people are worried about the ability to sell large quantities anymore afterwards so are taking the hit now ... but the sale is on. lucky if you got some cash on there and are a bull.

I did some arb the other day moving my $ funds to another exchange, and today the arb opportunity is twice as good. I guess alot of poeple are simply cashing out to fiat and withdrawing to their bank account because of the shutdown, i wonder how long these prices are going to last, is it worth wiring more money to virtex... hmm... probably!

Can you still wire money in? Do they take CAD deposits still?

[kurious]

We've seen a bottom, nothing is stopping this train now.
A slow climb back upto 1000 USD before the next halving.

agree that, i think we will see 300 before march ?

300 in ~24-48 hours

┗(°0°)┛

Welcome back Adam, you've been missed.

[adamstgBit]

there is a serious sale going on at CaVirtex right now. maybe the closing is causing some panic, or maybe people are worried about the ability to sell large quantities anymore afterwards so are taking the hit now ... but the sale is on. lucky if you got some cash on there and are a bull.

I did some arb the other day moving my $ funds to another exchange, and today the arb opportunity is twice as good. I guess alot of poeple are simply cashing out to fiat and withdrawing to their bank account because of the shutdown, i wonder how long these prices are going to last, is it worth wiring more money to virtex... hmm... probably!

Can you still wire money in? Do they take CAD deposits still?

i believe so, it doesn't say its disabled... ill have to try it out later.

[adaseb]

there is a serious sale going on at CaVirtex right now. maybe the closing is causing some panic, or maybe people are worried about the ability to sell large quantities anymore afterwards so are taking the hit now ... but the sale is on. lucky if you got some cash on there and are a bull.

I did some arb the other day moving my $ funds to another exchange, and today the arb opportunity is twice as good. I guess alot of poeple are simply cashing out to fiat and withdrawing to their bank account because of the shutdown, i wonder how long these prices are going to last, is it worth wiring more money to virtex... hmm... probably!

Can you still wire money in? Do they take CAD deposits still?

i believe so, it doesn't say its disabled... ill have to try it out later.

I have thought about doing this but it seems risky. The money might disappear with what is going on lately.

[bri912678]

there is a serious sale going on at CaVirtex right now. maybe the closing is causing some panic, or maybe people are worried about the ability to sell large quantities anymore afterwards so are taking the hit now ... but the sale is on. lucky if you got some cash on there and are a bull.

I did some arb the other day moving my $ funds to another exchange, and today the arb opportunity is twice as good. I guess alot of poeple are simply cashing out to fiat and withdrawing to their bank account because of the shutdown, i wonder how long these prices are going to last, is it worth wiring more money to virtex... hmm... probably!

Can you still wire money in? Do they take CAD deposits still?

i believe so, it doesn't say its disabled... ill have to try it out later.

How long does it take to wire money there? If it takes a week all the cheap bitcoins will have been sold by the time your money arrives.

[adamstgBit]

there is a serious sale going on at CaVirtex right now. maybe the closing is causing some panic, or maybe people are worried about the ability to sell large quantities anymore afterwards so are taking the hit now ... but the sale is on. lucky if you got some cash on there and are a bull.

I did some arb the other day moving my $ funds to another exchange, and today the arb opportunity is twice as good. I guess alot of poeple are simply cashing out to fiat and withdrawing to their bank account because of the shutdown, i wonder how long these prices are going to last, is it worth wiring more money to virtex... hmm... probably!

Can you still wire money in? Do they take CAD deposits still?

i believe so, it doesn't say its disabled... ill have to try it out later.

How long does it take to wire money there? If it takes a week all the cheap bitcoins will have been sold by the time your money arrives.

thats what i'm worried about... with the funding method i use it takes 3-5 days...

I have thought about doing this but it seems risky. The money might disappear with what is going on lately.

this is also a worry... altho they seem to have it locked down pretty tight can only send coins out the the address you set as your refund address, worst that can happen is the hacker buys and sends you some more coins.