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

[cbeast]

2019 will be a good year for Bitcoin, after honeybadger wakes up from falling into the nest of cobras.

[billyjoeallen]

This has turned quite ugly 

You ain't seen nothin' yet. It's gonna get uglier.

[Meuh6879]

BAD !






























GOOD !

[Fatman3001]

Stop this panicking as soon as the price goes down a little bit.
Less than 3 months ago we were are around ~250$. People need to calm down.

[Lauda]

SFYL

Gud buye, 390...

If you invest nothing you can lose nothing. I'm not at a loss and mathematically I can not ever be.

Europe leading the way in the dumpage... Cheap coins for all the people left who believe in BTC!

Pretty much anyone with a working brain?

This has turned quite ugly  

What are the odds of R3 giving Hearn a financial incentive for the announcement in addition to this happening at the same time as Cryptsy closes its doors? I'll let you think about that one.
Everyone just calm down. It just went up $10 within a second and back down a few dollars again. This means nothing.

[Meuh6879]

Burn, Baby. Burn.

-

[soullyG]

[ChartBuddy]

Coin



Explanation

[julian071]

I am quite sure the price has not finished going down a little bit. BTC deserves a good haircut for bad management and not acting quick enough. I can only hope (for the bagholders) that when the price does get cut bij 30% or more, some people get the wake up call.

My personal opinion is that this is not going to happen any time soon. The discussion on this particular forum should not be taken as an indicator for that, I know, but I do sense that there are just to many bagholders with wrong motives in this scene.

[fisheater22]

Coin



Explanation

[becoin]

Last chance of corrupted government(s) to kill bitcoin using their puppets in core dev group. A major, major economic crisis is knocking on the door and their time to ruin bitcoin is running out fast.

[Mrpumperitis]

im dumping some btc over the next few days...need to hedge a bit incase btc does go down.  Not dumping for fiat...gonna buy a small basket of Alts.(eth #1)

 

[hdbuck]

Last chance of corrupted government(s) to kill bitcoin using their puppets in core dev group. A major, major economic crisis is knocking on the door and their time to ruin bitcoin is running out fast.

NYTimes big fud: http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html?_r=1


FUCK YOU HEARN.


PS/ and FUCK YOU GAVIN TOO.

I don't believe a second, compatible implementation of Bitcoin will ever be a good idea.  So much of the design depends on all nodes getting exactly identical results in lockstep that a second implementation would be a menace to the network.  The MIT license is compatible with all other licenses and commercial uses, so there is no need to rewrite it from a licensing standpoint.

Good idea or not, SOMEBODY will try to mess up the network (or co-opt it for their own use) sooner or later.  They'll either hack the existing code or write their own version, and will be a menace to the network.

I admire the flexibility of the scripts-in-a-transaction scheme, but my evil little mind immediately starts to think of ways I might abuse it.  I could encode all sorts of interesting information in the TxOut script, and if non-hacked clients validated-and-then-ignored those transactions it would be a useful covert broadcast communication channel.

That's a cool feature until it gets popular and somebody decides it would be fun to flood the payment network with millions of transactions to transfer the latest Lady Gaga video to all their friends...

https://bitcointalk.org/index.php?topic=195.msg1613#msg1613

[Fatman3001]

What are the odds of R3 giving Hearn a financial incentive for the announcement in addition to this happening at the same time as Cryptsy closes its doors? I'll let you think about that one.

I agree, I always think people who disagree with me must be a minion of the devil. How else would they come to that conclusion?

Edit: Ok, not the best point. A lot of the people who disagree with me ARE minions of The Accuser.

[cbeast]

Last chance of corrupted government(s) to kill bitcoin using their puppets in core dev group. A major, major economic crisis is knocking on the door and their time to ruin bitcoin is running out fast.

No need 4 gubermints to step in here, you Crypto enthusiasts seem to be doing fine all on your own.

"Embattled digital currency exchange Cryptsy is now claiming that it is insolvent.

The exchange alleges in a newly released blog post that it was the target of a hack in July 2014, an incident that it said cost it approximately 13,000 BTC ($7.5m at then prices) and approximately 300,000 LTC (then $2.08m).

"This of course was a critical event for Cryptsy, however at the time the website was earning more than it was spending and we still have some reserves of those cryptocurrencies on hand. The decision was made to pull from our profits to fill these wallets back up over time, thus attempting to avert complete closure of the website at that time.""

Fractional reserve. Because it works

Cryptsy failed because Bitcoin works. Gee, I hope this post isn't deleted too.

[Andre#]

Last chance of corrupted government(s) to kill bitcoin using their puppets in core dev group. A major, major economic crisis is knocking on the door and their time to ruin bitcoin is running out fast.

NYTimes big fud: http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html?_r=1


FUCK YOU HEARN.


PS/ and FUCK YOU GAVIN TOO.

Instead of shooting the messengers, we could also fix the problem. Adopting Bitcoin Classic would be a good, first step.

[wachtwoord]

Last chance of corrupted government(s) to kill bitcoin using their puppets in core dev group. A major, major economic crisis is knocking on the door and their time to ruin bitcoin is running out fast.

NYTimes big fud: http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.html?_r=1


FUCK YOU HEARN.


PS/ and FUCK YOU GAVIN TOO.

Instead of shooting the messengers, we could also fix the problem. Adopting Bitcoin Classic would be a good, first step.

Not the messengers, the traitors. Increasing the block size is as bad as increasing the 21M Bitcoin limit.

[iCEBREAKER]

I am quite sure the price has not finished going down a little bit. BTC deserves a good haircut for bad management and not acting quick enough. I can only hope (for the bagholders) that when the price does get cut bij 30% or more, some people get the wake up call.

My personal opinion is that this is not going to happen any time soon. The discussion on this particular forum should not be taken as an indicator for that, I know, but I do sense that there are just to many bagholders with wrong motives in this scene.

Turn on your TV.  The markets are melting down.  Again.

Oil down to $29.50, a 12 year low.

Blockstream's fault.  Obviously.

Dow down 400.

Why, thermos, why?  

[tomothy]

Brian Armstrong ‏@brian_armstrong  11h11 hours ago
Theory: Mike Hearn has not left bitcoin, he is just trying to help the industry move off core, which we should have done a long time ago.


^
|
-  
 
So here's what I think is happening. I think R3, likes bitcoin and is secretly developing applications that could be used on bitcoin/litecoin and other 'blockchains.' I don't think they like china's mining capacity and they see it as a threat to this sweet deals that they could otherwise conduct using bitcoin. I think it's likely that some of their applications require an increase, 2mb would work, but they want to make sure things will ALWAYS work hence the exponential scaling suggestions. If blocks got huge, it could also mitigate the impact of China's mining capacity.

So, increase blocks = weaken china = have cake and eat it too. I'm surprised there hasn't been more of a market drop; 13000 btc AND 300000k, LTC, that's like ~$6mil or somethign right?  

I think it's all a game to implement classic, prepping the ignition for launch                 

[tomothy]

How is increasing to 2mb as bad as increasing supply past 21m?