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

[fisheater22]

everybody ready for bitcoin's largest ever increase in difficulty?

Memories... What happened?

What the experts predicted a year ago:
http://foundersgrid.com/bitcoin-price

[Fatman3001]

everybody ready for bitcoin's largest ever increase in difficulty?

One block left.

[ssmc2]

everybody ready for bitcoin's largest ever increase in difficulty?

Sure, but what does it all mean, Basil?

[Fatman3001]

everybody ready for bitcoin's largest ever increase in difficulty?

Sure, but what does it all mean, Basil?

That I make less money.

[600watt]

When will we start to skyrocket again?

I don't know, Newbie. As soon as you start buying, I guess. All I know is that if we don't get a new ATH or a scaling solution by the time of the halving, I'm dumping my cold storage coins.

All of them??

Probably. at least 90%. If it don't scale, they're on sale.

Wow, you seem really afraid of it. How come it wasn't anything you feared before? Not aware of it?
You know conflict about the issue is a good thing. If everyone would be quiet about it, it'd be much worse.

the stuff that really fucks you in live, the stuff that pushes you right to your limits is not the stuff that you were afraid of (=were prepared for).

[AlexGR]

Bitcoin Difficulty:   93,448,670,796
Estimated Next Difficulty:   108,638,161,991 (+16.25%)
Adjust time:   After 2016 Blocks, About 14.1 days

Price spiking 

[spooderman]

bitcoin just got 20% more powerful

[sickpig]

bitcoin just got 20% more powerful

... in less the fourteen days.

[wachtwoord]

When will we start to skyrocket again?

I don't know, Newbie. As soon as you start buying, I guess. All I know is that if we don't get a new ATH or a scaling solution by the time of the halving, I'm dumping my cold storage coins.

All of them??

Probably. at least 90%. If it don't scale, they're on sale.

Wow, you seem really afraid of it. How come it wasn't anything you feared before? Not aware of it?
You know conflict about the issue is a good thing. If everyone would be quiet about it, it'd be much worse.

Probably. Maybe that's why we crashed so low in the first place. People were trading on the information before I and most everyone else knew about it. And it's very possible that we could go a lot higher before the issue actually affects network performance, but eventually it will.  and then god help anyone caught long. 

There is nothing wrong ergo no solution is needed. It works perfectly.

[Fatman3001]

Hop on the choo choo!!!

[spooderman]

the next few months are going to be hair raising. i much prefer the slow growth bitcoin but it just doesn't want to do that. it wants to rollercoaster and cause me to lose sleep.

it's like having a baby

[ssmc2]

Miners gonna mine

[DieJohnny]

When will we start to skyrocket again?

I don't know, Newbie. As soon as you start buying, I guess. All I know is that if we don't get a new ATH or a scaling solution by the time of the halving, I'm dumping my cold storage coins.

No you won't

[spooderman]

When will we start to skyrocket again?

I don't know, Newbie. As soon as you start buying, I guess. All I know is that if we don't get a new ATH or a scaling solution by the time of the halving, I'm dumping my cold storage coins.

No you won't

+1

[rtrtcrypto]

Why the difficulty leap? Can't find info anywhere. Can someone fill me in and elaborate. Thanks.

everybody ready for bitcoin's largest ever increase in difficulty?

One block left.

[rocks]

When will we start to skyrocket again?

I don't know, Newbie. As soon as you start buying, I guess. All I know is that if we don't get a new ATH or a scaling solution by the time of the halving, I'm dumping my cold storage coins.

All of them??

Probably. at least 90%. If it don't scale, they're on sale.

Agreed, Why anyone would be heavily invested in an artificially capped currency that most people can not use is beyond me.

Remember a fee market does not work. A fee market simply prices people out, it decides who can use and who cannot use Bitcoin. If Maxwell succeeds and forking Bitcoin from it's vision as a true P2P currency that anyone can use, then I'm out. And I've very been buying since 2011.

But it probably won't come to that, there are enough people that want to scale bitcoin that it will happen one way or another. If the core devs refuse to follow the wants of the user base, I could see a user led fork happening. If that happens I dump my long term coins on Maxwellcoin and hold them on the large block chain. Could be the best trade ever.

[spooderman]

Why the difficulty leap? Can't find info anywhere. Can someone fill me in and elaborate. Thanks.

everybody ready for bitcoin's largest ever increase in difficulty?

One block left.

don't mean to be a dick, but are you new?

more people are mining, so hashrate has gone up, so network adjusts by making it more difficult to find blocks, therefore keeping supply of bitcoin predictable.

[rtrtcrypto]

It appeared that people were referencing a one-off, gigantic event that would make the hash rate jump up - I assumed this was something in the news that I missed about new mining equipment being deployed or something of the sort.

Since someone mentioned this down to the exact block, I assumed it was something more than just a re-target.

Why the difficulty leap? Can't find info anywhere. Can someone fill me in and elaborate. Thanks.

everybody ready for bitcoin's largest ever increase in difficulty?

One block left.

don't mean to be a dick, but are you new?

more people are mining, so hashrate has gone up, so network adjusts by making it more difficult to find blocks, therefore keeping supply of bitcoin predictable.

[spooderman]

It appeared that people were referencing a one-off, gigantic event that would make the hash rate jump up - I assumed this was something in the news that I missed about new mining equipment being deployed or something of the sort.

Since someone mentioned this down to the exact block, I assumed it was something more than just a re-target.

Why the difficulty leap? Can't find info anywhere. Can someone fill me in and elaborate. Thanks.

everybody ready for bitcoin's largest ever increase in difficulty?

One block left.

don't mean to be a dick, but are you new?

more people are mining, so hashrate has gone up, so network adjusts by making it more difficult to find blocks, therefore keeping supply of bitcoin predictable.

my apologies, it was mainly me getting overexcited. there has just been a lot of interest in mining recently given the price rise.

[rtrtcrypto]

It's fine. Made me realize I need to follow the hash rate more carefully anyway. Thanks.

It appeared that people were referencing a one-off, gigantic event that would make the hash rate jump up - I assumed this was something in the news that I missed about new mining equipment being deployed or something of the sort.

Since someone mentioned this down to the exact block, I assumed it was something more than just a re-target.

Why the difficulty leap? Can't find info anywhere. Can someone fill me in and elaborate. Thanks.

everybody ready for bitcoin's largest ever increase in difficulty?

One block left.

don't mean to be a dick, but are you new?

more people are mining, so hashrate has gone up, so network adjusts by making it more difficult to find blocks, therefore keeping supply of bitcoin predictable.

my apologies, it was mainly me getting overexcited. there has just been a lot of interest in mining recently given the price rise.