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

[600watt]

How big would Facebook or Google be if they tried to sell advertising their first year?  Smallblockers want to monetize too early, before we really even get off the ground. It's short-sighted.

We need new users now, fees later. Much later. 

sounds plausible.

[Mervyn_Pumpkinhead]

It seems like FOMO influenced just enough people to start moving down again.

[Cconvert2G36]

Holding these heights for a day or two more would paint a pretty picture compared to the skittish euphoria of the 504 spike.

[SnokkomBTC]

Holding these heights for a day or two more would paint a pretty picture compared to the skittish euphoria of the 504 spike.

'
Gentlemen?

[Cconvert2G36]

Gentlemen?

I hereby call that when Jay Juan Gee hits his first dollar in gains... it is grentlemen.

[ChartBuddy]

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[Fatman3001]

I wonder if SW would even be considered if core hadn't invested their egos (and more) in not allowing a blocksize increase.

[ChartBuddy]

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[Spaceman_Spiff]

welcome back TERA

Despite the fact that rationally I should be unhappy at seeing good traders enter the competition, it's good to see you back man ! 

[ChartBuddy]

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[oda.krell]

So do we still observe walls here?  It's so hard to watch them on bfx with them moving around,  hiding,  and jumping up and down every 2 seconds like there's some broken api. The only consistent thing I see is that little wall at 300 and even that would be like a joke at gox.

Never saw much of a point in looking at the raw walls (except for calculating expected slippage). What's wrong with a smoothed out view, say bid/ask sums, averaged over 6h to 1d, possibly in relation to the price at the time? Contains all the manipulation of the order book and adds a big delay -- what's not to like?

Mike Hearn's little free shit peed-in-my-pants [snip]

Way to ruin a pretty decent reputation you had here.

I'm getting the impression that an emerging bull market isn't exactly a good influence on your ego. I'm half expecting risto to drop by any moment now, posting about his latest renovation projects.

[r0ach]

It seems like FOMO influenced just enough people to start moving down again.

[marcus_of_augustus]

I'm getting the impression that an emerging bull market isn't exactly a good influence on your ego. I'm half expecting risto to drop by any moment now, posting about his latest renovation projects.

in quite the judgemental mood today are we? ... do you mean the emerging bull market since 2010 that you missed the largest part of ... or something more recent?

[Fatman3001]

Mike Hearn's little free shit peed-in-my-pants [snip]

Way to ruin a pretty decent reputation you had here.

I'm getting the impression that an emerging bull market isn't exactly a good influence on your ego. I'm half expecting risto to drop by any moment now, posting about his latest renovation projects.

Not to mention this little nugget.

... nup, just we duh wunt mah-big-blocks massah.

I know I'm going to be accused of being too PC, but the more I look at it the more problematic it looks.

[ChartBuddy]

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[Tzupy]

welcome back TERA

Despite the fact that rationally I should be unhappy at seeing good traders enter the competition, it's good to see you back man ! 

+1

As for trusting the exchanges, if you want to trade bitcoin, there's not much of a choice...
Chinese exchanges have been faking volume, as exposed here, to paint a more bullish look of the market.
https://bitcointalk.org/index.php?topic=1278313.20

[ChartBuddy]

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[aztecminer]

I've always known btc had a lot of technical quirks that require either a fork or the continuation of Moore's law or both. The blocksize of all things, at first impression, seems like one of the more minor issues that could be solved with some kind of fork.

You'd think so, wouldn't you? The problem is that there is ideological as well as technical reasons both for and against any scaling solution/change. There isn't anything close to a consensus and network traffic keeps growing.  Some are even hoping to overload the network in order to create a market for xaction fees. IMHO, that's madness that could catastrophically retard growth and adoption.  

It's just a huge uncertainty that is difficult to price in.  

and when "blockchain blacklists" go into the code there will be more problems for bitchcoin.

[kromtar]

The first bubble was just unsustainable, now the price is self-regulating progressively side by side with the hashrate till infinitum, because technology will always evolve.

I think in the coming years we will see plenty of bitcoin mining devices and even mining pool's tv spots competing with each other asking people to connect their devices to their mining pools.

CCMF!!! 

[ChartBuddy]

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