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

[aztecminer]

Ya sorry.  The Shanghai composite was shut down after a 7% drop.

the us markets might have a technical glitch soon too!

[netnetcoin]

its ok to panic now?

[aztecminer]

wow that's escalated quickly, up $20 within a few hours, can anyone here to explain the reason?

Someone could be trying to prop the price up.

Huobi:


And it probably involves lent money (even if it started before all the money was lent).

Bitfinex USD swaps:

"Someone could be trying to prop the price up."


what

[BlindMayorBitcorn]

If anybody has an opinion about RBF they’re itching to share: https://bitcointalk.org/index.php?topic=1317681.msg13475465#msg13475465

I’m still thinking.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

If anybody has an opinion about RBF they’re itching to share: https://bitcointalk.org/index.php?topic=1317681.msg13475465#msg13475465

I’m still thinking.

Just no.

https://medium.com/@octskyward/replace-by-fee-43edd9a1dd6d#.asn8rqiex

Repeating past statements, it is acknowledged that Peter’s scorched
earth replace-by-fee proposal is aptly named, and would be widely
anti-social on the current network
—Jeff Garzik
 
RBF is irrational and harmful to Bitcoin.
 — Charlie Lee, engineering manager at Coinbase

Replace-by-fee is a bad idea.
 — Gavin Andresen

I agree with Mike & Jeff. Blowing up 0-confirm transactions is vandalism.
— Adam Back (a founder of Blockstream)

?

Three of those guys can just stop it from happening if it's so bad.

Unless Peter is remarkably good at sucking dick I don't see how this is an issue.

[emelac]

Ok, the mystery of tarmi seems to be solved already:

https://bitcointalk.org/index.php?topic=1111201.msg11805249#msg11805249

Sad. I'm going to miss that guy.

This thread says tarmi sold his account in July and it might have been sold again in November.

https://bitcointalk.org/index.php?topic=1305800.0

All the latest posts by the tarmi account are in an altcoin called coinbuilder's thread. There's no chance the old tarmi who started the account would only post in the altcoin section. Does anyone know how much he got for his account, and how much the next buyer got if it was sold twice?

[Meuh6879]

I’m still thinking.

stop thinking, watch & enjoy (and talk your friends).  

[BlindMayorBitcorn]

Looks likes somebody missed the train. 

[aztecminer]

Gold, Bitcoin Soar After China Liquidates Most Reserves On Record To Defend Currency

http://www.zerohedge.com/news/2016-01-07/gold-bitcoin-soar-after-china-liquidates-most-reserves-record-defend-currency

"As a reminder, "liquidating reserves" is a financial euphemism for selling government bonds, mostly US Treasurys."




chinese are still dumping treasuries, which means the fed is having to buy up those treasuries in the background .. probably through one of their buy up US treasuries countries.. the chinese might be manufacturing their own crisis to cover dumping US treasuries... because dumping US treasuries undermines the usd... that would be speculation on my part, regardless, dumping US treasuries undermines the usd .

[The KGB]

[ChartBuddy]

Coin



Explanation

[Gyrsur]

THIS!

[BlindMayorBitcorn]

If anybody has an opinion about RBF they’re itching to share: https://bitcointalk.org/index.php?topic=1317681.msg13475465#msg13475465

I’m still thinking.

Just no.

https://medium.com/@octskyward/replace-by-fee-43edd9a1dd6d#.asn8rqiex

Repeating past statements, it is acknowledged that Peter’s scorched
earth replace-by-fee proposal is aptly named, and would be widely
anti-social on the current network
—Jeff Garzik
 
RBF is irrational and harmful to Bitcoin.
 — Charlie Lee, engineering manager at Coinbase

Replace-by-fee is a bad idea.
 — Gavin Andresen

I agree with Mike & Jeff. Blowing up 0-confirm transactions is vandalism.
— Adam Back (a founder of Blockstream)

?

Three of those guys can just stop it from happening if it's so bad.

Unless Peter is remarkably good at sucking dick I don't see how this is an issue.

I have to admit to being puzzled. 

[sAt0sHiFanClub]

If anybody has an opinion about RBF they’re itching to share: https://bitcointalk.org/index.php?topic=1317681.msg13475465#msg13475465

I’m still thinking.

Just no.

https://medium.com/@octskyward/replace-by-fee-43edd9a1dd6d#.asn8rqiex

Repeating past statements, it is acknowledged that Peter’s scorched
earth replace-by-fee proposal is aptly named, and would be widely
anti-social on the current network
—Jeff Garzik
 
RBF is irrational and harmful to Bitcoin.
 — Charlie Lee, engineering manager at Coinbase

Replace-by-fee is a bad idea.
 — Gavin Andresen

I agree with Mike & Jeff. Blowing up 0-confirm transactions is vandalism.
— Adam Back (a founder of Blockstream)

?

Three of those guys can just stop it from happening if it's so bad.

Unless Peter is remarkably good at sucking dick I don't see how this is an issue.

He must be able to suck a golf ball through 10 meters of garden hose, coz this is going into 0.12 (afaict) and the rc's for 0.12 are out already.

[sAt0sHiFanClub]

Hold on tight to your knickers folks, this could go even wilder in the next few hours.

Chinese officials have said they will no longer stop the market after it opens in the morning.

Interesting times... ( mind you, they have lied in the past, but even so, hold on...)

[rebuilder]

He must be able to suck a golf ball through 10 meters of garden hose, coz this is going into 0.12 (afaict) and the rc's for 0.12 are out already.

From the recent dev discussions I read, it seems the change in acceptance hinged less on fellatory skills and more on going from RBF for all transactions to this:

"Opt-In Full-RBF allows senders to opt-into full-RBF semantics for their
transactions in a way that allows receivers to detect if the sender has
done so."

[ChartBuddy]

Coin



Explanation

[gizmoh]

Hold on tight to your knickers folks, this could go even wilder in the next few hours.

Chinese officials have said they will no longer stop the market after it opens in the morning.

Interesting times... ( mind you, they have lied in the past, but even so, hold on...)

You're in for a surprise tomorrow.

China's Emergency Rescue Is Working: Chinese Futures At Session Highs
http://www.zerohedge.com/news/2016-01-07/chinas-emergency-rescue-working-chinese-futures-session-highs

[JayJuanGee]

Wut? I gotta sleep from time to time you know?
Why did this fucking explosion of price happened now, I was waiting the 400 to buy 

Saaaaaaaaaaaaaaaad!

Possibly, you both over leveraged and tried to predict the BTC price direction, which are both unwise approaches to BTC. 


In the end, any of us need to have money bet on both ends, because none of us, unless we are a large whale manipulator (and even then) cannot really predict the short term price direction.


Let's say hypothetically you considered about a 70% chance of $400 and a 30% chance of $450 (and this means getting out of absolutism type thinking about the future), and then proportioned your bets accordingly... but probably instead, many people will blow their whole wadd and get greedy by betting outside of their realistic views and bet 100% or some proportion that is much greater than what is really believed,  no?