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

[xyzzy099]

>I really don't understand how you can't get bored with this.
I do. But duty as an educator; noblesse oblige and shit...

Educate Elwar?

Good Luck

But the [apparent] futility [and thanklessness] of the task is a reward in itself! Think Sisyphus. Think A Hunger Artist. Think late-1800s dandy reading flowery romantic poesy to a drunk in the gutter

This will forever be my image of you now - the Lamb is dead, long live the Dandy!

[BlindMayorBitcorn]

>I really don't understand how you can't get bored with this.
I do. But duty as an educator; noblesse oblige and shit...

Educate Elwar?

Good Luck

But the [apparent] futility [and thanklessness] of the task is a reward in itself! Think Sisyphus. Think A Hunger Artist. Think late-1800s dandy reading flowery romantic poesy to a drunk in the gutter

This will forever be my image of you now - the Lamb is dead, long live the Dandy!

[Fatman3001]

>I really don't understand how you can't get bored with this.
I do. But duty as an educator; noblesse oblige and shit...

Educate Elwar?

Good Luck

But the [apparent] futility [and thanklessness] of the task is a reward in itself!

hmmmm...

Think Sisyphus.

stupid

Think A Hunger Artist.

stupid

Think late-1800s dandy reading flowery romantic poesy to a drunk in the gutter

stupid

*And, of course, meaning through repetition. Sisyphus again. And that king who hated Krishna.

stupid

Ok, I'm thinking "stupid" now. Now what?

[size= 1pt]then there's the occasional lel, too.

meh...

[billyjoeallen]

Follow this train of logic:

1.Difficulty goes up because blocks are being produced at a rate greater than 1 every ten minutes.
2.Blocks are  mined at a slower rate at a higher difficulty with the same hash rate
3. So confirmations will take a little longer right around the same time a lot of blocks are filling up.

This might be a very opportune time for a spam attack. That combined with blocksize deadlock and the Fed possibly raising interest rates for the first time in seven years means the next 24 hours are critical.

[Wandererfromthenorth]

I understand adoption blah blah blah and that this is a good long term and mid term bet.  My analysis are for trading purposes and things like
-should I enter into a margin long right now?
-is the liquidity of the exchange growing?
-is fresh fiat being injected masse right now?
-will it simply consolidatine and go sideways for another three months, or is it breaking out right at this instant?
-could one small market dump cause a margin reaction and liquidate me?

Margin trading is a different game than investing.  I need to know these things.

I understand sell walls don't have much of an affect in bitcoin. However,  bid walls are somewhat more meaningful,  and I'm usually discussing the bid side.

Liquidity on the exchanges is getting better, bid side growing.

http://coinsight.org/huobi
http://coinsight.org/bitstamp

Trend on the Daily and Weekly charts still looks good, don't see any reason why rally should stop for now.

Personally I'm not bothering with margin trading right now.
I tend to use margin to day trade or swing trade when market is in a long term consolidation (like all 2015 pretty much, from February to October), a lot less when heavily trending. Since the low $300s BTC has been position trade material for me, so I just mostly sit in BTC and wait.

[Bitfirm]

We're still at Mom & Pop stage with a lot more traders in the mix.

And we're still all early adopters.

early mass adopters )

[Fatman3001]

[...] meh...

I continue to overestimate people
~hands Fatman a bottle of MD20/20~

thx

[ChartBuddy]

Coin



Explanation

[Nimbulan]

the price of the bitcoin seems to be pretty stable right now lets hope it will keep on rising slowly but surely and that by the end of this year it will reach 500 dollars per bitcoin at least that would be a great start for the next year

[conspirosphere.tk]

Calm down comrade. If you wait patiently, you too will get your loaf of bread place in the blockchain in good time.

But don't worry, if you have any concerns, you can make them heard through our Minister of Truth, Commissar Theymos.

He can wait forever, if he does not want to pay a damned fee for the service.
The free shit party is happening in some other place.

[aztecminer]

Last time this level was reached the drop was spectacular, this time it seems more sustainable. Or is it calm before the storm?

this is the calm of the first 1000. when the first 1000 appears, it is not long after that the next 1000 appears. it is not long after the next 1000 appears that the first 5000 happens. the Satoshi Nakamoto storm begins soon after the calm has passed .

[Cconvert2G36]

Calm down comrade. If you wait patiently, you too will get your loaf of bread place in the blockchain in good time.

But don't worry, if you have any concerns, you can make them heard through our Minister of Truth, Commissar Theymos.

He can wait forever, if he does not want to pay a damned fee for the service.
The free shit party is happening in some other place.

Why even have a block reward? People should have been paying damned fees to fund mining since the beginning... oh wait... that'd be dumb as fuck and it would have failed already.

[Fatman3001]

Last time this level was reached the drop was spectacular, this time it seems more sustainable. Or is it calm before the storm?

this is the calm of the first 1000. when the first 1000 appears, it is not long after that the next 1000 appears. it is not long after the next 1000 appears that the first 5000 happens. the Satoshi Nakamoto storm begins soon after the calm has passed .

et tu?

CCMF!!!

[peonminer]

Wall Observer thread be like

[POM]

What a great week   

[conspirosphere.tk]

Calm down comrade. If you wait patiently, you too will get your loaf of bread place in the blockchain in good time.

But don't worry, if you have any concerns, you can make them heard through our Minister of Truth, Commissar Theymos.

He can wait forever, if he does not want to pay a damned fee for the service.
The free shit party is happening in some other place.

http://tpc.pc2.netdna-cdn.com/images/various_uploads/Capital_One_Card_Marx_330.jpg

Why even have a block reward? People should have been paying damned fees to fund mining since the beginning... oh wait... that'd be dumb as fuck and it would have failed already.

Still, it's full of geniuses lamenting the scarcity of the blockspace and the consequent fees, ignoring that economics is all about scarcities.
And since that's way too much ignoring, they must be trolls for hire.

[BlindMayorBitcorn]

What a great week   

Plural of Mongoose! How's Thailand?

[rebuilder]

Calm down comrade. If you wait patiently, you too will get your loaf of bread place in the blockchain in good time.

But don't worry, if you have any concerns, you can make them heard through our Minister of Truth, Commissar Theymos.

He can wait forever, if he does not want to pay a damned fee for the service.
The free shit party is happening in some other place.

Are you saying we should change the BTC issuance schedule, perhaps stopping issuance now? That's redistribution of wealth, and it's holding the fee market back.

Or are you saying miners aren't being incentivized enough to keep the network secure enough, so in addition to the block subsidy we need fees to be higher? How do we determine how much security is needed and how much that should cost?

Or are you saying people should pay a fee just because?

[Fatman3001]

Still, it's full of geniuses lamenting the scarcity of the blockspace and the consequent fees, ignoring that economics is all about scarcities.
And since that's way too much ignoring, they must be trolls for hire.

Sure, someone disagrees with you. It must be a conspiracy.

Now, if you tried really hard you could possibly imagine that some people might genuinely be of the opinion that taking away one of Bitcoins main selling points this early on might be a bad idea.

I know. Mindblowing.

[conspirosphere.tk]

Calm down comrade. If you wait patiently, you too will get your loaf of bread place in the blockchain in good time.

But don't worry, if you have any concerns, you can make them heard through our Minister of Truth, Commissar Theymos.

He can wait forever, if he does not want to pay a damned fee for the service.
The free shit party is happening in some other place.

Are you saying we should change the BTC issuance schedule, perhaps stopping issuance now? That's redistribution of wealth, and it's holding the fee market back.

Or are you saying miners aren't being incentivized enough to keep the network secure enough, so in addition to the block subsidy we need fees to be higher? How do we determine how much security is needed and how much that should cost?

Or are you saying people should pay a fee just because?

Are you saying that you don't understand leaving everything as it is and let the free fee market do its job?