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

[600watt]

€@kraken is higher now than $@stamp yesterday. it has been a loooooong time since this has happened.

[Omikifuse]

Bitstamp is out of coins, lol. Is this gentlemen?

Bitstamp can't be out of coins because they don't sell their own coins to people, like Coinbase or Circle.

Worse may happens is people put sell orders at high prices only, but I don't see it happening right now, even with the price increasing hour after hour the spread is not that absurd

[Fatman3001]

Hodlers be like..

It is a good day to be a holder!  

[JimboToronto]

Yee haw.

Just got free to check the price. Over $360?

That was quick.

[inca]

So 19k shorts (including tarmi's) are now all underwater..

 

[Mervyn_Pumpkinhead]

I think that Gemini launch finally made someone understand that bitcoin needs willybot2.0. I hope that this show won't fall weak. A lot of money to be made with alts if the operators of this bot are as brave as Karpeles.

[Vahnt]

Jesus that volatility

1000 coins sold/bought in literally seconds

[TReano]

starting to go parabolic, time to start shorting it again... The Futures premium just looks like a juicy present for everybody free to grab for anybody looking into it.

Done.

[gentlemand]

Wow. This website's a bit fucked in the middle of a rally. It really IS like the old days.

[JimboToronto]

Hodlers be like..

It is a good day to be a holder!  

Indeed it is.



 

[hodl_2015]

After starting buying bitcoin in September 2013 at 130$, all the way up to 1200$. Then accumulating further all the way down .... if it keeps the pace I will finally reach break even in about .... 10 minutes

Same here, bought from $800 all the way down to $200. Now nearly at break-even again. I'm fine with a slow rise, but this is ok too.

[peonminer]

[Andre#]

If you want to reply to BTCDrak, you should probably do it in the same forum he posted in.  I don't know if he will read your response here.

I don't. I was addressing a comment that was posted in this forum. Neither when I get into a discussion about the Affordable Care Act, do I get on the phone to Obama.

Your response did not address anything I posted.  It addressed the content of BTCDrak's post, which I simply provided a link to.

...?

You posted a link and referred to it as "a well-reasoned response". That's a statement. Don't be surprised if someone here has an opinion about it.

That's correct, but that is not what his post addressed.  I don't think anything in his post even suggests that BTCDrak's response was not well-reasoned - just that he personally disagrees with the content of that post.

He obviously wanted to talk about the post you firmly supported; and you decided to shut him down. If you think he had a point, why not admit it. I'm pretty sure he doesn't give a flying fuck anymore, but I am baffled by this. What is it with core fans that makes them unable to provide proper thought through arguments whenever someone tries to peel off some poorly applied veneer of reason? I think I saw one properly thought through argument from a 1mb-supporter (I think his nick was Holiday). All the rest, from Waldemar and gmaxwell to brg444 and hdbuck, is just waffle and personal attacks.

Hear, hear!

[InfiniteGrim]

RIP bears

You need a Saturn 5, Space Shuttle only goes a small fraction of the way to the moon!

[TReano]

After starting buying bitcoin in September 2013 at 130$, all the way up to 1200$. Then accumulating further all the way down .... if it keeps the pace I will finally reach break even in about .... 10 minutes

Same here, bought from $800 all the way down to $200. Now nearly at break-even again. I'm fine with a slow rise, but this is ok too.

every parabolic rise is followed by a crash. If you want bitcoin to gain real value you want to have a steady slow growth developing.

[kromtar]

shorters 0, hodler 1... 

[molecular]

Wow. This website's a bit fucked in the middle of a rally. It really IS like the old days.

no man, in the 'good' old day, we'd have trading engine lag measured in HOURS.

lol.

[spooderman]

lol those were the dave.

with fake fucking coins too.

[xyzzy099]

If Core can't find a way to scale the network with a reasonable amount of safety and security in TWO YEARS, then they are incompetent and need to make way for better developers. 

How much time is a reasonable amount of time for you?  I really want to know. Give me an actual number.

That is a pretty bold statement about solving a non-trivial computer science problem.  I'm sure your patches will be accepted if you have a solution.

I think the problem is that you assume that increasing the blocksize fixes the problem.

I imagine a future where all manner of services that are currently ad-supported or subscription-based might instead be payed for with bitcoin microtransactions, seamlessly and transparently.  There could be millions, or maybe even billions of transactions per day from all these page views/minutes of video/etc. - vastly more than even Visa handles at peak capacity.  And add to that all the microtransactions that might be generated by devices on the Internet of Things, that none of us know the extent or nature of yet.

I don't see how increasing blocksize will handle this.  Even data-center sized nodes may not be able to handle all those microtransactions.

I don't claim to know what the answer is, but I am pretty sure that block-size alone won't do it - and lurching down that path in a non-judicious way could lead to permanent problems that will be painful to work around in the long term, after a real solution is found.

I'm certain blocksize alone WON'T fix all scaling problems, but it would buy us time. All it would take right now is a doubling of transactions to crash the network.  This problem was important, but now it's urgent as well. A doubling is well withing the realm of possibility in mere months and is approaching the probable. 

Creating a market for transaction fees needs to happen AFTER we reach mainstream adoption or we will never reach it. Yahoo mail, Facebook, Google all knew not to monetize too early.  That's why they're still around. I hope we'll be around when billions of cryto microtransactions becomes an issue.

I don't really think that the people resisting block-size increase are just interested in creating a transaction-fee market.

I don't work for Blockstream, nor am I a Core developer - but even I can see that there is potentially a heavy price to be paid (in terms of Bitcoin decentralization) if we rush head-long down the path of block-size for scaling - and this could turn out to be a mistake that can't be undone, AND one that does not really solve the problem in the long-term.

I don't see the urgency you do for raising blocksize right now.  Full blocks are still uncommon (except during "stress-tests").

[peonminer]

After starting buying bitcoin in September 2013 at 130$, all the way up to 1200$. Then accumulating further all the way down .... if it keeps the pace I will finally reach break even in about .... 10 minutes

Same here, bought from $800 all the way down to $200. Now nearly at break-even again. I'm fine with a slow rise, but this is ok too.

every parabolic rise is followed by a crash. If you want bitcoin to gain real value you want to have a steady slow growth developing.

that's what she said