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

[Dotto]

we are playing bomberman online here:

http://battlecoin.org/#nNyG

is a fucking vicious

[BlindMayorBitcorn]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[lottery248]

not that much changes, lol.
bud, we need some major issues.

[GreekGeek]

To all bitcointalk  junkies active right now:
 give me a  +1

[billyjoeallen]

Um, no. The block reward subsidizes transaction verification, so you would need to add the market cap of all the coins mined during that time to your $18k to calculate the total cost to move that 200 mil.

Block reward has two main purposes.

1) Securing the network
2) The necessary distribution of the monetary base during the first years.

BTCs will be issued due to (2) even if zero transactions exist. Same for altcoins sharing BTC code that have much less "traffic" and a lot of empty blocks.

Yes, fees and block reward both are to secure the network. Thanks for making my point for me.

 What sort of person gets upset that somebody's getting too good of a deal, when he's not even a party to the transaction?  If you're running a node, and you think it's too taxing, then stop. If you're not running a node then why do you give a shit? Some people are getting good security inexpensively and others are providing good security inexpensively. The horror. the horror.

[nioc]

To all bitcointalk  junkies active right now:
 give me a  +1

+1

Just catching up due to working 12 days in a row and just found out I'm working for a short while tomorrow early Christmas day:P

Merry Christmas to all and also Monkey

Monkey vision:  Drop towards 390 support intraday, rising trend to continue thereafter on a daily basis, and over the weekend.

You know this is wrong

Monkey now sees at least one week downtrend, 362 support.

That makes me feel better about my buy @ 427

Best wishes to you and Monkey

The following is an unpaid signature.

[ChartBuddy]

Coin



Explanation

[billyjoeallen]

BASE TEN MATH

Some day in the near future, Ten or more companies will make 10K transactions or more each. These are your usual suspects: Circle, 21, Coinbase, Bitpay, and some large exchanges.
10 X 10000 =100,000

On that same day, 100 smaller companies are going to make 1K transactions or more each. These are companies like purse.io, bitquick, small gambling sites, smaller exchanges, darknet sales, etc.
100 X 1,000=100,000

Also on that same day, 1000 or more companies will make 100 or more transactions selling goods, remittances, etc.
1,000 X 100=100,000

But we can't forget about the much more common small businesses and individual heavy users who will make ten or more transactions that day.
10,000 X 10=100,000

And then you have people like you and me who may make just one transaction.
100,000 X 1=100,000

So that fills up the entire days worth of blocks and then some, but we still have the light users, the ones who do maybe 1 transaction every 10 days:
1,000,000 x 0.1 =100,000

How many transactions is that? 600K? way too many. So fees creep up. 10% decide that the cost is too high in time or fees and give up.  How many left? 500K. still too many. Fees keep going up.  Transactions take hours to confirm. This makes some traders nervous, and they start pulling coins off exchanges. Traffic increases by the same 10% who gave up. This makes other people nervous. Coinbase and Bitpay users start to users start to fear their business model is unworkable and move their coins to private wallets. This increases traffic even more. It now takes 10 hours to confirm a transaction.

At this point, Ten of the many, many enemies of bitcoin see an opportunity. For $10,000 in fees, they flood the blockchain with yet MORE transactions, increasing the panic which of course makes even more people want to move their coins around. When they see how effective this attack is, they go for the kill and spend $100,000 to back up traffic for 10 days. 

What would happen after that is unpredictable, beyond the singularity. What do you think might happen?

[suda123]

Murry Christmas bears and bulls

[noobtrader]

my guess is around 600-800 when the halving occurs.

i think our crazy bubble days are over, and more of a steady climb has become the norm.

this is good, the bubbles were way too stressful.

I don't agree, i think mega bubble is coming in coming months...Bitcoin is still too small market to be steady for 100% of time...

Yep .... exactamente.....

These various posters who prognosticate that bitcoin has reach some kind of stability or slow growth are living in a kind of fantasy land that ignores the actual state of bitcoin.... anything is possible in bitcoinlandia, but slow and stable seems to be less than a 5% chance, and maybe i am being even a bit too generous to put the probabilities that high?  

If you look at  the recent charts regarding volume and activity and market cap and development and which entities are taking an interest in bitcoin, you will recognize that stability is definitely low in the realm of probabilities in bitcoin's short or medium term future.... and slow growth is also a very low probability in its short or medium term future.

Surely, I would not mind some slow and gradual growth and maybe even some guarantees of such, but that description is out of this world and not the current state of bitcoin... sad to say, and happy to say, at the same time  because like many of us following these forums, I have been accumulating bitcoin over the past couple of years, and if you are reading this post, but you have not been accumulating, it is certainly not too late to get started, especially while BTC prices remain in the triple digits.

We are not guaranteed that violent and explosive upwards growth is going to occur right now or even in the coming 12 months because there is a lot of potential for big money to really attempt to continue to drive prices down, as was done in about the previous 18 months or so...  but nonetheless at this particular moment, the various variables do seem fairly well poised for a shot at some potential upward explosiveness.

 

I think that fact of actual state of bitcoin (total tx/sec, blocksize, mass adoption) atm is exactly why btc price will be limited.

but even then i agree that at next halving btc price will reach at least 500-800.  and if btc getting more mass adopted within next 4-10 years, maybe 50k, 100k  per bitcoin.

Surely you and I have differing views regarding bitcoin's current state of affairs and that effect on future price probabilities and maybe even what affects BTC prices, and there is certainly nothing wrong with having differing views.. and I certainly appreciate reading differing views on this forum.

hopefully, if we have really considered our views regarding the future likelihoods of bitcoin, then likely we are going to posture our current investments into BTC (or not) according to our view of it as compared with other possible investments that we may have available to us.

yes i think we agree that we are different kind of bull  

im mid-long term bull

btw Merry Christmas to everyone

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

my guess is around 600-800 when the halving occurs.

i think our crazy bubble days are over, and more of a steady climb has become the norm.

this is good, the bubbles were way too stressful.

I don't agree, i think mega bubble is coming in coming months...Bitcoin is still too small market to be steady for 100% of time...

Yep .... exactamente.....

These various posters who prognosticate that bitcoin has reach some kind of stability or slow growth are living in a kind of fantasy land that ignores the actual state of bitcoin.... anything is possible in bitcoinlandia, but slow and stable seems to be less than a 5% chance, and maybe i am being even a bit too generous to put the probabilities that high?  

If you look at  the recent charts regarding volume and activity and market cap and development and which entities are taking an interest in bitcoin, you will recognize that stability is definitely low in the realm of probabilities in bitcoin's short or medium term future.... and slow growth is also a very low probability in its short or medium term future.

Surely, I would not mind some slow and gradual growth and maybe even some guarantees of such, but that description is out of this world and not the current state of bitcoin... sad to say, and happy to say, at the same time  because like many of us following these forums, I have been accumulating bitcoin over the past couple of years, and if you are reading this post, but you have not been accumulating, it is certainly not too late to get started, especially while BTC prices remain in the triple digits.

We are not guaranteed that violent and explosive upwards growth is going to occur right now or even in the coming 12 months because there is a lot of potential for big money to really attempt to continue to drive prices down, as was done in about the previous 18 months or so...  but nonetheless at this particular moment, the various variables do seem fairly well poised for a shot at some potential upward explosiveness.

 

I think that fact of actual state of bitcoin (total tx/sec, blocksize, mass adoption) atm is exactly why btc price will be limited.

but even then i agree that at next halving btc price will reach at least 500-800.  and if btc getting more mass adopted within next 4-10 years, maybe 50k, 100k  per bitcoin.

Surely you and I have differing views regarding bitcoin's current state of affairs and that effect on future price probabilities and maybe even what affects BTC prices, and there is certainly nothing wrong with having differing views.. and I certainly appreciate reading differing views on this forum.

hopefully, if we have really considered our views regarding the future likelihoods of bitcoin, then likely we are going to posture our current investments into BTC (or not) according to our view of it as compared with other possible investments that we may have available to us.

yes i think we agree that we are different kind of bull  

im mid-long term bull

btw Merry Christmas to everyone

I think that I'm poke-a-dotted and you are striped..   

[BlindMayorBitcorn]

BASE TEN MATH

Some day in the near future, Ten or more companies will make 10K transactions or more each. These are your usual suspects: Circle, 21, Coinbase, Bitpay, and some large exchanges.
10 X 10000 =100,000

On that same day, 100 smaller companies are going to make 1K transactions or more each. These are companies like purse.io, bitquick, small gambling sites, smaller exchanges, darknet sales, etc.
100 X 1,000=100,000

Also on that same day, 1000 or more companies will make 100 or more transactions selling goods, remittances, etc.
1,000 X 100=100,000

But we can't forget about the much more common small businesses and individual heavy users who will make ten or more transactions that day.
10,000 X 10=100,000

And then you have people like you and me who may make just one transaction.
100,000 X 1=100,000

So that fills up the entire days worth of blocks and then some, but we still have the light users, the ones who do maybe 1 transaction every 10 days:
1,000,000 x 0.1 =100,000

How many transactions is that? 600K? way too many. So fees creep up. 10% decide that the cost is too high in time or fees and give up.  How many left? 500K. still too many. Fees keep going up.  Transactions take hours to confirm. This makes some traders nervous, and they start pulling coins off exchanges. Traffic increases by the same 10% who gave up. This makes other people nervous. Coinbase and Bitpay users start to users start to fear their business model is unworkable and move their coins to private wallets. This increases traffic even more. It now takes 10 hours to confirm a transaction.

At this point, Ten of the many, many enemies of bitcoin see an opportunity. For $10,000 in fees, they flood the blockchain with yet MORE transactions, increasing the panic which of course makes even more people want to move their coins around. When they see how effective this attack is, they go for the kill and spend $100,000 to back up traffic for 10 days. 

What would happen after that is unpredictable, beyond the singularity. What do you think might happen?

Fullblocalypse?

[JayJuanGee]

BASE TEN MATH

Some day in the near future, Ten or more companies will make 10K transactions or more each. These are your usual suspects: Circle, 21, Coinbase, Bitpay, and some large exchanges.
10 X 10000 =100,000

On that same day, 100 smaller companies are going to make 1K transactions or more each. These are companies like purse.io, bitquick, small gambling sites, smaller exchanges, darknet sales, etc.
100 X 1,000=100,000

Also on that same day, 1000 or more companies will make 100 or more transactions selling goods, remittances, etc.
1,000 X 100=100,000

But we can't forget about the much more common small businesses and individual heavy users who will make ten or more transactions that day.
10,000 X 10=100,000

And then you have people like you and me who may make just one transaction.
100,000 X 1=100,000

So that fills up the entire days worth of blocks and then some, but we still have the light users, the ones who do maybe 1 transaction every 10 days:
1,000,000 x 0.1 =100,000

How many transactions is that? 600K? way too many. So fees creep up. 10% decide that the cost is too high in time or fees and give up.  How many left? 500K. still too many. Fees keep going up.  Transactions take hours to confirm. This makes some traders nervous, and they start pulling coins off exchanges. Traffic increases by the same 10% who gave up. This makes other people nervous. Coinbase and Bitpay users start to users start to fear their business model is unworkable and move their coins to private wallets. This increases traffic even more. It now takes 10 hours to confirm a transaction.

At this point, Ten of the many, many enemies of bitcoin see an opportunity. For $10,000 in fees, they flood the blockchain with yet MORE transactions, increasing the panic which of course makes even more people want to move their coins around. When they see how effective this attack is, they go for the kill and spend $100,000 to back up traffic for 10 days.  

What would happen after that is unpredictable, beyond the singularity. What do you think might happen?

Fullblocalypse?

Yeah, the future speculative situation seems so horrible and frightening under the "base 10 math" outline......


scary, frightening and horrible....    



OMG



FULLBLOCALYPSE is coming...      





OMG!!!!!!!!!!!  





Crypto is dead.....

[ChartBuddy]

Coin



Explanation

[suda123]

BASE TEN MATH

Some day in the near future, Ten or more companies will make 10K transactions or more each. These are your usual suspects: Circle, 21, Coinbase, Bitpay, and some large exchanges.
10 X 10000 =100,000

On that same day, 100 smaller companies are going to make 1K transactions or more each. These are companies like purse.io, bitquick, small gambling sites, smaller exchanges, darknet sales, etc.
100 X 1,000=100,000

Also on that same day, 1000 or more companies will make 100 or more transactions selling goods, remittances, etc.
1,000 X 100=100,000

But we can't forget about the much more common small businesses and individual heavy users who will make ten or more transactions that day.
10,000 X 10=100,000

And then you have people like you and me who may make just one transaction.
100,000 X 1=100,000

So that fills up the entire days worth of blocks and then some, but we still have the light users, the ones who do maybe 1 transaction every 10 days:
1,000,000 x 0.1 =100,000

How many transactions is that? 600K? way too many. So fees creep up. 10% decide that the cost is too high in time or fees and give up.  How many left? 500K. still too many. Fees keep going up.  Transactions take hours to confirm. This makes some traders nervous, and they start pulling coins off exchanges. Traffic increases by the same 10% who gave up. This makes other people nervous. Coinbase and Bitpay users start to users start to fear their business model is unworkable and move their coins to private wallets. This increases traffic even more. It now takes 10 hours to confirm a transaction.

At this point, Ten of the many, many enemies of bitcoin see an opportunity. For $10,000 in fees, they flood the blockchain with yet MORE transactions, increasing the panic which of course makes even more people want to move their coins around. When they see how effective this attack is, they go for the kill and spend $100,000 to back up traffic for 10 days.  

What would happen after that is unpredictable, beyond the singularity. What do you think might happen?

Fullblocalypse?

Yeah, the future speculative situation seems so horrible and frightening under the "base 10 math" outline......


scary, frightening and horrible....    



OMG



FULLBLOCALYPSE is coming...      





OMG!!!!!!!!!!!  





Crypto is dead.....

If the blocopolypse happens which alt coin will be the best to invest in?

[ChartBuddy]

Coin



Explanation

[adamstgBit]

back to 333!

are you short or something?

am i short??!?!!

i've never been so "short" ( I don't actually need to borrow someone else's bitcoin to be short) in my life!

MOTHER FUCKING DUMP !!!!!!!