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

[Morecoin Freeman]

all the suffering... all the pain... i've been through all that too. believe me it's so much easier to just let go. you are no hero, just the normal guy next door. giving up is no shame. please sell now.

I am the hero bitcoin deserves, but not the one it needs right now.

[BayAreaCoins]

Just focus on the toaster bud

[fonzie]

We almost bounced 2,30$, this really seems to be the bottom; maybe i was wrong? Leverage long 50x everybody 

[BlindMayorBitcorn]

Just focus on the toaster bud

Will there be a white light?

[fonzie]

I just read that Plus500, one of the bigger CFD brokers that also offers Bitcoin contracts  is getting down, sold or whatever....
We might have to expect less liquidity on BTC-E  (if those scammers actually ever really hedged there)

"Plus500, the troubled contract for difference (CFD) company that was forced to freeze thousands of accounts in the UK in recent weeks(....)"

http://uk.businessinsider.com/plus500-sold-to-playtech-for-4596-million-2015-6?r=US

Edit: Almost looks like Bitcoin (without the bounce...)

[JorgeStolfi]

Not a good sign when the Chief Scientist of the coin your investing in threatens to jump ship would be my guess.

He is not the Chief Scientist of Bitcoin, of course.  He stil calls himself the Chief Scientist of the Shrem Karpeles & Friends Foundation; even though the Foundation is now in Roger Ver solvency status, and his salary is actually paid by an MIT digital currency project.

[ChartBuddy]

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Explanation

[tarmi]

That was the end of the dump. I hope you guys enjoyed the trip.

waiting for a 5 $ bounce are you?

[Nas]

I wish I sold my coins in 235$ damn

[BayAreaCoins]

I wish I sold my coins in 235$ damn

Don't be greedy. 220 is still a damn good price.

[Cconvert2G36]

Well... Hello intrepid investors.

Hope everyone had a nice day.



Price Target: Remains $10 per corn.

[Fakhoury]

I wish I sold my coins in 235$ damn

Don't be greedy. 220 is still a damn good price.

I see what you did there 

[Ab-Soul]

I can't see any more down the hill. Don't expect 180-190 $ coins.

[Fakhoury]

I can't see any more down the hill. Don't expect 180-190 $ coins.

I guess the ground will be $200 by max.

[samson]

I can't see any more down the hill. Don't expect 180-190 $ coins.

I guess the ground will be $200 by max.

So you think the price of Bitcoin will never go below $200 again, ever ?

[Fakhoury]

I can't see any more down the hill. Don't expect 180-190 $ coins.

I guess the ground will be $200 by max.

So you think the price of Bitcoin will never go below $200 again, ever ?

It may go sub $200, but will bounce again quickly.

[Cconvert2G36]

I can't see any more down the hill. Don't expect 180-190 $ coins.

I guess the ground will be $200 by max.

So you think the price of Bitcoin will never go below $200 again, ever ?

It may go sub $200, but will bounce again quickly.

[Mrpumperitis]

Bitcoin-XT is not a re-implementation, it's a patch on top of Bitcoin Core that adds two features, double-spend relaying (which can be flagged for inspection) and the BIP64 getutxos message (which he needs for Lighthouse). The reason XT exists is because Mike Hearn can't get BIP64 implementation merged into Core (https://github.com/bitcoin/bitcoin/pull/4351). Gavin happened to be for putting BIP 64 in, so moving forward if this happened, Bitcoin-XT would be a proper fork based on the actual Core codebase, simply with these two differences plus the blocksize changes. The fact that moving to XT is considered a viable option might suggest that there is a much larger "turf war" going on here since at least the middle of 2014.

Thanks!

Indeed there seems to be more going on than a simple technical disagreement.

I won t say that Gavin's proposal is the best one, but at least I understand his position: "with 1 MB blocks the network is close to saturation and will not handle the volume that we would like to see, so let's make the blocks bigger".

The thinking of his opponents (who include Peter Todd, Gregg Maxwell, and Luke Dash Jr.) seems less clear: they say that they are worried about the consequences of bigger blocks, but they have no alternative proposal to deal with impending congestion, and seem to want to see the network saturate.

Someone on reddit pointed out that most or all of those big opponents work for Blockstream, the company that was supposed to develop sidechains and is now working on a thing called the Lightning Network,  Those are projects that would provide fast bitcoin transactions and other bitcoin services (such as micropayment channels) outside the blockchain.  That could be a reason for wanting the network to saturate.  However, Greg says that they were opposed to big blocks well before creating Blockstram.

Someone else suggested that they may want to see the network saturate so that big non-payment users like NASDAQ and Factom are forced to pay huge fees, like $50 on a 1000 satoshi transaction.  That would push common users out of the system and turn bitcoin into a tool for big corporations only.  (Peter Todd does not miss a chance to mention that he is "talking to Big Banks".) Sounds like the FUD that only JorgeStolfi would write.  

Anyway, last Friday night a handful of reddit users set out, without much planning, to try to saturate the network with small transactions.  In the course of 2 hours (23:00 to 01:00 UTC) they put out maybe 30'000 transaction requests.  The queues at the nodes got over the 20'000 mark and the backlog took 8 hours to clear.  It is not clear what fees the guys paid, but they did not put much money into it.  Yet Luke Jr claims that the test only showed that 1 MB is fine.  Boh.

Perhaps the real fear is how the system will react to an intentional hard fork, that is not mandated by a bug...

good info, cheers guys 

[ChartBuddy]

Coin
Explanation

[Mrpumperitis]

wtf, so many bears here,lol you are all posting so you can buy cheaper btc...gd luck, it could happen but there wont be much volume. BTC might be getting forked but you are playing with fire if you help push below $200, im telling everyone some true facts...
Gaining huge momentum in mainstream adoption through regulated,insured exchanges.
We hit over $1k with a handful of exchanges, small user base and silk road closing.
Now we have banks (goldman sachs) billion dollar businesses like, expedia, dell, microsofts xbox , soon playstion and nintendo will add btc. Mobile games and almost any website that has digital( music,games,videos) content will offer btc payment option.
our children will receive btc from us as pocket money to spend on digital goods.
Greece wont beable to pay there debts ( this week ) , if another bailout doest come ..what happens? another cyprus where the banks decide to close and take 40% of your life savings cause they fucked up! italy, spain and portugal will be watching very closely.
btc reward halving in around 12 months, this will lead to some truly innovative ways to mine and maintain btc network, an example: companies are now installing free electric radiators in peoples houses, these look like heaters but are actually pc's that are helping to secure networks, the company pays the electric bill and the consumer gets free heat.( kinda like what we have been doing when we mined pc's in our rooms during winter and kept the heating off,lol ) http://www.bbc.co.uk/iplayer/episode/b05vwlbm/click-16052015
We now live in the digital generation, the world needs btc as there is no reliable, independant, decentralised, secure, double spend proof and working currency that fits into our digital way of life.
btc is not dead, its growing....