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

[ChartBuddy]

Coin
Explanation

[Erdogan]

There's a lot of discussion here about the pros and cons of a bigger blocksize, but other threads elsewhere on this forum are more informative about this subject. What I am interested in is, what are you people thinking this whole blocksize discussion will mean for the price the coming weeks or months?

I'm asking because I'm usually dead wrong when trying to predict what will happen. This will probably mean the price will sharply rise very soon, as I have sold my entire stash @ 208 euros hoping to buy back a lot cheaper when this whole thing is settled (one way or the other).

As long as there is uncertainty, there will be a downward pressure. Uncertainty will dissappear long before new year, and the larger blocksize will be accepted by all. Then, price can rise, because unhampered new adoption will necessarily lead to a higher price.

[hdbuck]

There's a lot of discussion here about the pros and cons of a bigger blocksize, but other threads elsewhere on this forum are more informative about this subject. What I am interested in is, what are you people thinking this whole blocksize discussion will mean for the price the coming weeks or months?

I'm asking because I'm usually dead wrong when trying to predict what will happen. This will probably mean the price will sharply rise very soon, as I have sold my entire stash @ 208 euros hoping to buy back a lot cheaper when this whole thing is settled (one way or the other).

As long as there is uncertainty, there will be a downward pressure. Uncertainty will dissappear long before new year, and the larger blocksize will be accepted by all. Then, price can rise, because unhampered new adoption will necessarily lead to a higher price.

1/ stfu with your unhampered unexistent mainstream adoption
2/ stfu with your blocksize pseudo science
3/ stfu with your uncertainty that only your Gavin idol created.

[adamstgBit]

if  Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

[klee]

The market WILL price in as BTC has failed, be prepared for ridiculously cheap Bitcorns (or Buttcoins or whatever)....

[BitofaN1]

if  Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

That's exactly my opinion also.Yet none of the core devs are willing to reach any kind of compromise, even if the most insignificant raise of block size would do it.
Fucking core DIVAS. WTF are you waiting for? Double digits?

[cbeast]

if  Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

[ChartBuddy]

Coin
Explanation

[hdbuck]

if  Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please feel free to move on to some other altcoin.

[aztecminer]

it is very risky to buy right now. we saw 220 for weeks and weeks when nothing was going on.. and now we how uncertainty and fear .. we are in the darker hours of bitcoin. if when we see someone get pummeled with a hammer then we know what time it is  ... try not to get rekt by the wrecking crew if you are leveraged at bitfinex or okcoin... the ltc halving is in three days which means the chinese might panic and huobi shutdown to drop their bags again..

[cbeast]

if  Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please move on to some other altcoin.

You don't have a gun to force me or anyone else to choose what you want, so no.

[adamstgBit]

if  Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please feel free to move on to some other altcoin.

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

[cbeast]

if  Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please feel free to move on to some other altcoin.

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

That's fine if it's enough to satisfy the market. Personally, I think they chose 8 so core would settle for 4. It's a classic negotiating trick.

[adamstgBit]

if  Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please feel free to move on to some other altcoin.

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

That's fine if it's enough to satisfy the market. Personally, I think they chose 8 so core would settle for 4. It's a classic negotiating trick.

fuck id be good with 2MB.

[cbeast]

if  Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please feel free to move on to some other altcoin.

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

That's fine if it's enough to satisfy the market. Personally, I think they chose 8 so core would settle for 4. It's a classic negotiating trick.

fuck id be good with 2MB

At 6 tps, Bitcoin will still be laughed at by PayPal.

[adamstgBit]

if  Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please feel free to move on to some other altcoin.

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

That's fine if it's enough to satisfy the market. Personally, I think they chose 8 so core would settle for 4. It's a classic negotiating trick.

fuck id be good with 2MB

At 6 tps, Bitcoin will still be laughed at by PayPal.

ultimately blockstream and or sidechain will solve this problem once and for all we just need to kick the can down the road a little further to buy some time.

[hdbuck]

if  Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please move on to some other altcoin.

You don't have a gun to force me or anyone else to choose what you want, so no.

Im not forcing anyone. Its the Gavin shills that are forcing the rest of the core devs to so something risky, controversial, but nevertheless totally fully researched and discussed by the core devs. Its not the Time, thats it. We need the fee market to settle, especially considering the halving approaching.

People that want a bloatchain now, free from fees, faster transactions etc better migrate to some altcoin that suits their needs, or even ripple if they dont care about miners or centralisation. Thats free market.

[adamstgBit]

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

So we should expect V. 0.12 in a couple of years?  
Bullish as fuck if true.

LOL
hopefully a few weeks...
my guess is if XT starts to gain support, Core will have to act fast.

[hdbuck]

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

So we should expect V. 0.12 in a couple of years?  
Bullish as fuck if true.

+ there is an upgrade that should prevent spam attacks to be released within next version too. Apparently.

[bassclef]

I've said it before, but doing something that has a 0% to undermine the network (which is nothing) is better than doing something with 0.5% or even 0.1% chance to harm the network (XT) in the long term.

Miners are ultimately incentivized to secure and protect the network, not improve it with risky upgrades that cause market participants to panic sell, devaluing their network's token. I predict they will simply not adopt XT.

If they don't, the market will find a bottom in the next few weeks as people slowly realize that XT is stillborn, and a strong rally will result. Definitely a golden buying opportunity.

As far as trading though, it's wait and see. The market is always with us.