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

[keewee]

Has the next Coinwallet attack on the network started? The last 5 blocks look pretty full

[Denker]

So we are back in the 240s.Nice.Lets see if we can hold that range.

[Cconvert2G36]

Has the next Coinwallet attack on the network started? The last 5 blocks look pretty full

Mempool is pretty empty. Looks like we are just filling up blocks more regularly. Tick tock small block fetishists...

[celebreze32]

Has the next Coinwallet attack on the network started? The last 5 blocks look pretty full

They have been doing pre-tests on the network.

The official full stress test is supposed to start on Thursday, September 10 at 10 a.m. GMT.

They were late starting one of their first official stress tests, but it was because they lacked experience. Now they have some experience I think they will start the latest test on time. I'm making sure I pay a high fee for anything I send on Thursday or afterwards,


https://bitcoinmagazine.com/21842/coinwallet-begins-pre-test-bitcoin-network-schedules-largest-stress-test-begin-september-10/

The Bitcoin network took a hit yesterday as CoinWallet ran its “stress pre-test” for about thirty minutes resulting in a “2-day delay and a 50 MB backlog” according to CoinWallet CCO James Wilson.

Reports are still coming in but it seems like most bitcoin exchanges and wallet companies were able to take the test in its stride.

Wilson also told Bitcoin Magazine today that the company will be running a major stress test on the Bitcoin network on Thursday, September 10 starting at 10 a.m. GMT.

[SheHadMANHands]

Edging up...  lot of shorters, people too scared still to go long    

The breakout upward, though, off 12hr bband squeeze... gives more confidence in the floor (~3B market cap).

[ChartBuddy]

Coin
Explanation

[PoolMinor]

Good Morning Doji Star!

where is this ? show on chart plz

Last candle on the weekly.
6 hours remaining till it closes.

Kraken looks even better (BTC/EUR)
Green doji with a nice confirming volume bar.



One dollar up and bitstamp looks the same.

http://www.fxkeys.com/doji-candlestick-doji-star-how-to-trade-using-doji-candlestick-and-bollinger-bands/

Confirmed!

[SheHadMANHands]

Sense a lot more sideway action now..   

[keewee]

Has the next Coinwallet attack on the network started? The last 5 blocks look pretty full

They have been doing pre-tests on the network.

The official full stress test is supposed to start on Thursday, September 10 at 10 a.m. GMT.

They were late starting one of their first official stress tests, but it was because they lacked experience. Now they have some experience I think they will start the latest test on time. I'm making sure I pay a high fee for anything I send on Thursday or afterwards,


https://bitcoinmagazine.com/21842/coinwallet-begins-pre-test-bitcoin-network-schedules-largest-stress-test-begin-september-10/

The Bitcoin network took a hit yesterday as CoinWallet ran its “stress pre-test” for about thirty minutes resulting in a “2-day delay and a 50 MB backlog” according to CoinWallet CCO James Wilson.

Reports are still coming in but it seems like most bitcoin exchanges and wallet companies were able to take the test in its stride.

Wilson also told Bitcoin Magazine today that the company will be running a major stress test on the Bitcoin network on Thursday, September 10 starting at 10 a.m. GMT.

From that article they state "The purpose of these stress tests [sic] is to see if the Bitcoin network can handle a barrage of very small transactions that will act like a DDOS attack" which is ridiculous because it IS a DDOS attack. It makes no sense to call it a "stress test" when in fact it is simply an attack on the main network where the effects could be easily demonstrated on the test network. It's pretty obvious they have an agenda, at the expense of the normal users of the network

[Cconvert2G36]

Has the next Coinwallet attack on the network started? The last 5 blocks look pretty full

They have been doing pre-tests on the network.

The official full stress test is supposed to start on Thursday, September 10 at 10 a.m. GMT.

They were late starting one of their first official stress tests, but it was because they lacked experience. Now they have some experience I think they will start the latest test on time. I'm making sure I pay a high fee for anything I send on Thursday or afterwards,


https://bitcoinmagazine.com/21842/coinwallet-begins-pre-test-bitcoin-network-schedules-largest-stress-test-begin-september-10/

The Bitcoin network took a hit yesterday as CoinWallet ran its “stress pre-test” for about thirty minutes resulting in a “2-day delay and a 50 MB backlog” according to CoinWallet CCO James Wilson.

Reports are still coming in but it seems like most bitcoin exchanges and wallet companies were able to take the test in its stride.

Wilson also told Bitcoin Magazine today that the company will be running a major stress test on the Bitcoin network on Thursday, September 10 starting at 10 a.m. GMT.

From that article they state "The purpose of these stress tests [sic] is to see if the Bitcoin network can handle a barrage of very small transactions that will act like a DDOS attack" which is ridiculous because it IS a DDOS attack. It makes no sense to call it a "stress test" when in fact it is simply an attack on the main network where the effects could be easily demonstrated on the test network. It's pretty obvious they have an agenda, at the expense of the normal users of the network

Their test was 4 days ago and took about 2 days to chew through. The full blocks today looked unrelated to me.

Call it an attack if you want, but the fact is, 1MB max blocks make this form of "attack" much cheaper to execute as their old transactions get booted out of the mempool and they get the fees back to issue more transactions. Raise the limit and make them pay up.

[Fatman3001]

Last 44k BTC will be auctioned by the end of 2015:
http://www.coindesk.com/us-marshals-bitcoin-auction-2015/

Im calling it now:

300+ after auction!!

yeahh like last auction we reach 300$

After the last auction we dropped from about 380$ to 166$, so I'm calling 110$ as an upcoming intermediary bottom, don't know how long it will take...

Last auction was March 5th 2015. Feb 26th closed at $255, March 5th saw a low of $262 and a high of $284 on finex, March 10th saw $303.

Looks to me like the auctions just add volatility in any direction.

[keewee]

Has the next Coinwallet attack on the network started? The last 5 blocks look pretty full

They have been doing pre-tests on the network.

The official full stress test is supposed to start on Thursday, September 10 at 10 a.m. GMT.

They were late starting one of their first official stress tests, but it was because they lacked experience. Now they have some experience I think they will start the latest test on time. I'm making sure I pay a high fee for anything I send on Thursday or afterwards,


https://bitcoinmagazine.com/21842/coinwallet-begins-pre-test-bitcoin-network-schedules-largest-stress-test-begin-september-10/

The Bitcoin network took a hit yesterday as CoinWallet ran its “stress pre-test” for about thirty minutes resulting in a “2-day delay and a 50 MB backlog” according to CoinWallet CCO James Wilson.

Reports are still coming in but it seems like most bitcoin exchanges and wallet companies were able to take the test in its stride.

Wilson also told Bitcoin Magazine today that the company will be running a major stress test on the Bitcoin network on Thursday, September 10 starting at 10 a.m. GMT.

From that article they state "The purpose of these stress tests [sic] is to see if the Bitcoin network can handle a barrage of very small transactions that will act like a DDOS attack" which is ridiculous because it IS a DDOS attack. It makes no sense to call it a "stress test" when in fact it is simply an attack on the main network where the effects could be easily demonstrated on the test network. It's pretty obvious they have an agenda, at the expense of the normal users of the network

Their test was 4 days ago and took about 2 days to chew through. The full blocks today looked unrelated to me.

Call it an attack if you want, but the fact is, 1MB max blocks make this form of "attack" much cheaper to execute as their old transactions get booted out of the mempool and they get the fees back to issue more transactions. Raise the limit and make them pay up.

I completely agree, I'm all for bigger blocks too. But I just find it really annoying the way they're describing these DDOS attacks as "stress tests"

[Norway]

What's up with this weekend increase? Is something happening on monday?  

chinese panic buys ..  all the volume was on chinese exchanges... they are freaking out over there because their stock bubble burst... and the marshal's are about to sell bitcoins soon....  i'm all for the marshal's getting a good price and all that.. except when i dont get my buys! i might have to change exchanges because i have done a lot better trading on different exchanges then where i am now.. it's seems like bad luck exchange! i like it there though.

I'm not sure if traders at chinese bitcoin-exchanges have to be chinese. It's a global market now. If you daytrade, you might as well trade at a chinese exchange. And if you ask me, chinese stocks are probably also traded by international interests

Just have a gut feeling that something important will happen on monday.
(Yes, I have this feeling every weekend after a few drinks, lol!)

Anyway....
When the cake hits the fan, let's go to Thailand to a

┗(°0°)┛ ┗(°0°)┛ ┗(°0°)┛ FULL MOON PARTY!!!! ┗(°0°)┛ ┗(°0°)┛ ┗(°0°)┛

[Cconvert2G36]

Has the next Coinwallet attack on the network started? The last 5 blocks look pretty full

They have been doing pre-tests on the network.

The official full stress test is supposed to start on Thursday, September 10 at 10 a.m. GMT.

They were late starting one of their first official stress tests, but it was because they lacked experience. Now they have some experience I think they will start the latest test on time. I'm making sure I pay a high fee for anything I send on Thursday or afterwards,


https://bitcoinmagazine.com/21842/coinwallet-begins-pre-test-bitcoin-network-schedules-largest-stress-test-begin-september-10/

The Bitcoin network took a hit yesterday as CoinWallet ran its “stress pre-test” for about thirty minutes resulting in a “2-day delay and a 50 MB backlog” according to CoinWallet CCO James Wilson.

Reports are still coming in but it seems like most bitcoin exchanges and wallet companies were able to take the test in its stride.

Wilson also told Bitcoin Magazine today that the company will be running a major stress test on the Bitcoin network on Thursday, September 10 starting at 10 a.m. GMT.

From that article they state "The purpose of these stress tests [sic] is to see if the Bitcoin network can handle a barrage of very small transactions that will act like a DDOS attack" which is ridiculous because it IS a DDOS attack. It makes no sense to call it a "stress test" when in fact it is simply an attack on the main network where the effects could be easily demonstrated on the test network. It's pretty obvious they have an agenda, at the expense of the normal users of the network

Their test was 4 days ago and took about 2 days to chew through. The full blocks today looked unrelated to me.

Call it an attack if you want, but the fact is, 1MB max blocks make this form of "attack" much cheaper to execute as their old transactions get booted out of the mempool and they get the fees back to issue more transactions. Raise the limit and make them pay up.

I completely agree, I'm all for bigger blocks too. But I just find it really annoying the way they're describing these DDOS attacks as "stress tests"

IDK, they are testing how the network responds to a stressful condition of large numbers of transactions, playing by the rules of the protocol and making valid transactions. This seems different from an actual DDoS like the one that focused on actually flooding and crippling any IP identifying itself as an XT node, and the DDoS that took Slush's Mining pool completely down until he gave in and disallowed people from voting for BIP101 blocks with their hashes.

[ChartBuddy]

Coin
Explanation

[findftp]

Good Morning Doji Star!

where is this ? show on chart plz

Last candle on the weekly.
6 hours remaining till it closes.

Kraken looks even better (BTC/EUR)
Green doji with a nice confirming volume bar.



One dollar up and bitstamp looks the same.

http://www.fxkeys.com/doji-candlestick-doji-star-how-to-trade-using-doji-candlestick-and-bollinger-bands/

Confirmed!

 

And please keep on stressing and abusing bitcoin with this FUD blocksize debate.
Thanks for the cheap coins a few days ago.

[Fatman3001]

Their test was 4 days ago and took about 2 days to chew through. The full blocks today looked unrelated to me.

Call it an attack if you want, but the fact is, 1MB max blocks make this form of "attack" much cheaper to execute as their old transactions get booted out of the mempool and they get the fees back to issue more transactions. Raise the limit and make them pay up.

I completely agree, I'm all for bigger blocks too. But I just find it really annoying the way they're describing these DDOS attacks as "stress tests"

I agree. I am generally kind of amazed how immature and undemocratic the community has handled this issue. The DDOS "stress tests" nobody asked for (because we know what will happen) from an unknown company, the xtnodes DDOS, fake nodes,  the censorship. Bitcoiners are a colourful bunch. In real-life I guess we would call them assholes.

[LFC_Bitcoin]

Gentlemen - Slightly off topic but I bring you good news. NotLambChop's life will pretty much be in ruins now

Due to abuse, newbie-posted embedded images are now disabled on these pages:
- Topic display
- Recent posts / patrol
- Previews
They're not currently hidden in PMs or on some other pages (like a user's "show posts" page), though I might change that later if it seems necessary.

Disabled images get transformed into links automatically. When the poster becomes a Jr member, the images that he tried to post previously will automatically be re-enabled (though there might be a few minutes of delay).

This extends to all past posts as well as future ones.

Thread confirming this - https://bitcointalk.org/index.php?topic=1172918.0

The forum (especially speculation) is now a better place.

[keewee]

Gentlemen - Slightly off topic but I bring you good news. NotLambChop's life will pretty much be in ruins now

Due to abuse, newbie-posted embedded images are now disabled on these pages:
- Topic display
- Recent posts / patrol
- Previews
They're not currently hidden in PMs or on some other pages (like a user's "show posts" page), though I might change that later if it seems necessary.

Disabled images get transformed into links automatically. When the poster becomes a Jr member, the images that he tried to post previously will automatically be re-enabled (though there might be a few minutes of delay).

This extends to all past posts as well as future ones.

Fantastic news :-)

[Cconvert2G36]

Gentlemen - Slightly off topic but I bring you good news. NotLambChop's life will pretty much be in ruins now

Due to abuse, newbie-posted embedded images are now disabled on these pages:
- Topic display
- Recent posts / patrol
- Previews
They're not currently hidden in PMs or on some other pages (like a user's "show posts" page), though I might change that later if it seems necessary.

Disabled images get transformed into links automatically. When the poster becomes a Jr member, the images that he tried to post previously will automatically be re-enabled (though there might be a few minutes of delay).

This extends to all past posts as well as future ones.

Thread confirming this - https://bitcointalk.org/index.php?topic=1172918.0

The forum (especially speculation) is now a better place.

Nice. Though I wouldn't put it past lambie to have a whole slew of accounts being farmed up above newbie status.