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

[ChartBuddy]

Coin

Explanation

[AlexGR]

Average blocksize is roughly about half a MB already. Do the math. am I being hyperbolic?  

Half a megabyte which is full of dust / spam transactions.

The blockchain is extremely valuable to be used in this way.

[ChartBuddy]

Coin

Explanation

[spiderbrain]

only 6000 coins to $1k on Bitstamp. Just sayin'.

So, should we buy all of it now?

Nah, no rush, just pick 'em up slowly and hopefully they'll stay this cheap for a while =)

[ChartBuddy]

Coin

Explanation

[freedomno1]

Coin

Explanation

Just sitting at the $300 price for now
Nice and stable

[Fatman3001]

I'm waiting for +50% of the posts to be someone else than me, lambie, stolfi, LFC and BJA.

Then I will go into full retard bull mode.

7 pages since my previous post last night.

Ding, ding, ding!!!

[petahashminer]

I'm waiting for +50% of the posts to be someone else than me, lambie, stolfi, LFC and BJA.

Then I will go into full retard bull mode.

7 pages since my previous post last night.

Ding, ding, ding!!!

so? are you buying now?

[dre1982]

Coin

Explanation

Just sitting at the $300 price for now
Nice and stable

Don't think it will be whole day above the $300. There will be a little dump. That just happens always so it will today.

[Fatman3001]

I'm waiting for +50% of the posts to be someone else than me, lambie, stolfi, LFC and BJA.

Then I will go into full retard bull mode.

7 pages since my previous post last night.

Ding, ding, ding!!!

so? are you buying now?

In order to minimize my carbon footprint I only hold homemade coins.

[ChartBuddy]

Coin

Explanation

[cbeast]

Another pump to 300. The market seems unconvinced that bitcoin will scale beyond a novelty.

[Dexter770221]

Almost 2k CNY, this is crazy....

[DaRude]

Spread between Huobi and finex is growing, China dragging us up again

[L0uis]

Yeah, China leads obviously.

[!! pop]

Litecoin users unaffected

[Lauda]

Almost 2k CNY, this is crazy....

Doesn't surprise me. People need to start realizing that in e.g. the US you lose 2% of your net worth each year. Bitcoin helps you avoid these things and it has many more benefits besides this one. I wonder how this rally is going to end.

[!! pop]

Almost 2k CNY, this is crazy....

Doesn't surprise me. People need to start realizing that in e.g. the US you lose 2% of your net worth each year. Bitcoin helps you avoid these things

...by losing up to 75% a year.

and it has many more benefits besides this one,

...like allowing you to fund USMS through various DNMs. Also terrorists

[petahashminer]

Litecoin users unaffected

litecoin is a suck coin, there is no value of litecoin, it will drop more and more .

[JayJuanGee]

Damn!  USD is running 0.06% daily on BFX. more than 10X the interest rate on BTC.

EDIT: now >0.08!

In the past 30 days, we have had a return of nearly 30%, and I calculate that to be approximately 1% per day, on average.  The past month as been a good time to have been in BTC.

By my estimation, we're in a 45 day-ish run that has been reasonable enough to suggest that this isn't a pump and way different than the last few. That's quite some time and likely shouts that we're into something way apart from the last runs. No one can doubt that the halving is or will be having an effect in a large way now or in the short term. Moon? That's right I said it!

I'm gonna pee in you pool a little. If you investment goes down 50% and then goes up 50%, you still have only 75% of what you started with. If BTC was $100, then went down to $50, then back up to $75, that's what I mean.

All of this extra activity related to the Mavrodi pyramid is likely to increase the number of xactions on the network.  If this leads to a backlog,  no fee xactions will probably never get confirmed and fees will go up for anyone who needs their bitcoin transferred in a timely manner, possibly up substantially. 

The power of exponential growth can be truly awesome.  possibly faster. A ponzi scheme needs an ever-expanding pool of suckers to continue.  A collapse is inevitable regardless of the block size outcome. This pump can last for a long time, but if the goddamn blocksize cap isn't raised (or preferably eliminated entirely), it's going to collapse when the network crashes which may be even before Mavrodi runs out of suckers.

Leveraged shorts are going up substantially on BFX, as well as longs.  If I had to guess, there will be a short squeeze before a long squeeze.  Liquidity providers have been caught unprepared for the short term demand of the ponzi.  It cannot last but can go on for months.  When this thing unwinds, we may find ourselves in a new Nash equilibrium below $200.  The fallout will damage Bitcoin possibly even worse than Gox.  Expect more bans and heavier regulation. 

Yes, it does sound as if you are attempting to rain on our parade with your various doom and gloom scenarios.


Surely, there is nothing wrong with a little speculation, but your painting of various ways that this could play out seems to decend from the plausible to the incredible to the fantastical.

BjA,   why can't you just go with the flow a little bit and get into the BTC moment, and at this time BTC is on an upward price trajectory, and transactions per second is NOT going to stop such trajectory


Accordingly, let's take this one step at a time.

We can cross the scalability questions later, if needed, and for NOW, CCMF is more appropriately in order...


See you at $350 or $400-ish and possibly at that time, we can revisit your doom and gloom ideas.