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

[mattiadeabtc]

Overnight slump just missed my buy order by a few cents. Going to keep it there for now, no clear trend yet.

I had the same situation, for 7 cents

[PoolMinor]

[bassclef]

Futures settlement party starts the right shoulder of an inverse head & shoulders reversal pattern. High volume buying on Stamp this week. Asks thinning out while bid sides firming up.

Get 'em if you want 'em; not much selling left to push the price down.

(imo)

[cyclotronmajesty]

So what's the weekend going to look like? Up? Down? Sideways?

[Fatman3001]

Futures settlement party starts the right shoulder of an inverse head & shoulders reversal pattern. High volume buying on Stamp this week. Asks thinning out while bid sides firming up.

Get 'em if you want 'em; not much selling left to push the price down.

(imo)

This.

If you believe the price will go up, buy. If not, don't. Waiting for it to drop $2-3 when we're waiting for a pump is a bit strange to me.

But, by all means, feel free to come here and bitch about how you narrowly missed your buy in price when we're $30 up.

[ChartBuddy]

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Explanation

[ChartBuddy]

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[aztecminer]

Can't you see what these assholes are doing? They want to scare everyone off of BFX because those $25 M in margin longs will all have to close at some point. BY opposing block size increase, they are keeping almost any new investment from VCs because a Bitcoin that doesn't scale is a bitcoin that can't disrupt. So when the market slumps, it will flash-crash on BFX and they will be the only ones on BFX scooping up BTC for pennies on the dollar.  

BFX has problems but so do all other exchanges.

both bulls and bears are taking down leverage. We're seeing a slump because miners don't run the show. The market does and the market ain't buying your shitty BIP100.

not being able to withdraw is a serious problem imo. if didn't have technical problems then wouldnt have technical glitches that cause trading and withdrawals to stop. this is why bitfinex is working very hard to fix all their technical problems. it's like if your bitcoins are secure then they cant be hacked and stolen. it will be pointless to scoop up cheap coins if you cannot withdraw them. i think your theory is bunk . it not like "those assholes" are stopping trading and withdrawals on BFX in some kind of scheme. those problems seem extreme. that is why people are closing their longs and shorts leaving BFX.

[ChartBuddy]

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[Monopoly]

So what's the weekend going to look like? Up? Down? Sideways?

I think Sideways ....

Silence before the storm ......... we will see lower price Soon , best time for selling ...............

[JorgeStolfi]

BIP100 seems awesome!

[ ... ]A key goal, therefore, is to transition the speed limit from software control to market control.
Remove the policy wedge. Let the free market decide the long term shape of bitcoin’s
transaction fee market, level of security and level of decentralization.
Miner voting was chosen for BIP 100 as a “lesser of the evils” Stakeholder voting is appealing,

Jeff seems to be making the same mistake that the Blockstream devs did: assume that the block size limit is meant to limit traffic. (That would make the speed limit analogy pertinent.)

But that is not the purpose of the block size limit, and it never was.  The original 32 MB size limit existed for programming convenience reasons (to make blocks fit into a single message), and ws lowered to 1 MB to prevent a specific hypothetical DoS attack (a rogue miner solving a block so big that it would choke some players).  The block size limit was, and should always be, many times higher than the expecte average normal traffic, so that it is never a cap to it.

[ChartBuddy]

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Explanation

[adamstgBit]

BIP100 seems awesome!

[ ... ]A key goal, therefore, is to transition the speed limit from software control to market control.
Remove the policy wedge. Let the free market decide the long term shape of bitcoin’s
transaction fee market, level of security and level of decentralization.
Miner voting was chosen for BIP 100 as a “lesser of the evils” Stakeholder voting is appealing,

Jeff seems to be making the same mistake that the Blockstream devs did: assume that the block size limit is meant to limit traffic. (That would make the speed limit analogy pertinent.)

But that is not the purpose of the block size limit, and it never was.  The original 32 MB size limit existed for programming convenience reasons (to make blocks fit into a single message), and ws lowered to 1 MB to prevent a specific hypothetical DoS attack (a rogue miner solving a block so big that it would choke some players).  The block size limit was, and should always be, many times higher than the expecte average normal traffic, so that it is never a cap to it.

at first there was no blocksize limit, but there was a 32MB max p2p msg, there still is this limit, with the addition of 1MB blocklimit

why blocklimit was originally designed to do is beside the point

today poeple agree the lower the blocklimit to easier it is for miners to participate in mining

we all want as many participants , while making sure confirmation times aren't slowed by blocklimit. BIP100 will simply allow miners to slowly adjust blocklimt to achieve just that.

[ChartBuddy]

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Explanation

[BuildTheFuture]

That would be like allowing miners to vote on the difficulty. There's a reason the difficulty is designed to automatically scale, outside the control of miners. To prevent them gaming it. Block size should also have some straightforward mechanism to auto-scale.

[Zarathustra]

 The problem is that our usual discussion thread for this type of thing (Gold Collapsing. Bitcoin UP) was locked by the Forum Administrators.  Furthermore, my submissions to /r/bitcoin are all censored now.  Since I've lost my two favourite outlets, my Bitcoin addiction is leaking into nearby threads...

http://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/

Only 43 newbies over there and not a single hero!

[macsga]

 The problem is that our usual discussion thread for this type of thing (Gold Collapsing. Bitcoin UP) was locked by the Forum Administrators.  Furthermore, my submissions to /r/bitcoin are all censored now.  Since I've lost my two favourite outlets, my Bitcoin addiction is leaking into nearby threads...

http://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/

Only 43 newbies over there and not a single hero!

Why did they close down the old thread in the first place? It used to be a nice place to collect info. Anyone knows specifics?

[abercrombie]

Bitfinex changed banks to CTBC BANK Co.  Notifications sent out via email this morning.

Heard withdrawals are being manually approved after the data corruption issue stated on Twitter.  The oldest of my 4 withdrawals is going on 24 hours.  As a result of this holdup, I'm not trading until this is fixed.

Is abercrombies cryptos dead?



Sorry in advance. I know I'm an asshole. I just couldn't help it.

Haha...  

Ok Bitfinex apparently was migrating to a new multisig wallet.  When the Withdrawals started working again they did a double send, one from the old and one from the new.  So I received duplicate Bitcoin transactions and double the Bitcoin at my destination address.  Confirmed with another Bitfinex user.  

A few hours later, once they figured it their blunder they deducted the respective amount from the current USD deposits.

Shakes my confidence in Bitfinex.  Is crypto... (you know the rest)

So you have double the coins and complain they corrected it in the best way possible. Greedy much...?

Do you see both of those Transactions in the block explorer with same TX number? hmmm can't be 2 of the same number.. strange occurrence. Both confirm?   (If I am understanding this correctly)

Different TX numbers.

[Ivanhoe]

The problem is that our usual discussion thread for this type of thing (Gold Collapsing. Bitcoin UP) was locked by the Forum Administrators.  Furthermore, my submissions to /r/bitcoin are all censored now.  Since I've lost my two favourite outlets, my Bitcoin addiction is leaking into nearby threads...

http://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/

Only 43 newbies over there and not a single hero!

Why did they close down the old thread in the first place? It used to be a nice place to collect info. Anyone knows specifics?

Yeah, such a shame. That was about the only thread i actually read together with Masterluc's en Klee's thread.

Bitcointalk is not doing good these days. Trolls are allowed but cypher gets censored.

[Fakhoury]