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

[madmat]

Chinese pump. 3000 yuans in a few hours. Enjoy the show.

[Yakamoto]

Are we going to crack $420? The market is/was on a small but rapid upswing, according to preev.com anyways. Is the value really rising that rapidly, or am I being too wishful right now?

Currently averaging at $418.4 as I complete this post.

Chinese pump. 3000 yuans in a few hours. Enjoy the show.

Oh. Welp, there goes the upswing.

[yefi]

And a new post-Hearn high hit on China. Must be a painful time to be short 

[ChartBuddy]

Coin


Explanation

[Morecoin Freeman]

Speaking of volatility... I am not sure what to make of this recent price action.

[LFC_Bitcoin]

Chinese pump. 3000 yuans in a few hours. Enjoy the show.

Do you think so?

I'm not too sure, what are you basing that prediction on? Hope you're right.

[ImI]

Speaking of volatility... I am not sure what to make of this recent price action.

it fascinates me also

[Andre#]

Why are we still discussing Classic like it's not a failed project already?

Didn't you get the news?

Apparently, it's YOU who didn't get the news.

I think he's referring to f2pools tentative agreement with core about a 2mb block size in 2017.

So we know f2pool and probably Kano supports core. Kano is insignificant and f2pool might shrink quite a bit in a couple of months.

2017, so we would have to bite our nails for a full year at least, enduring higher fees, lesser reliability, and a degraded user experience. Awesome.

[Meuh6879]

2nd launch.


Chooooo Chooooo !

[BldSwtTrs]

BTC-e higher than Finex and Stamp  

[Yakamoto]

Speaking of volatility... I am not sure what to make of this recent price action.

it fascinates me also

To be honest, there might have been a pump by someone earlier this morning, and now all the traders are realsing that Bitcoin is trending upwards, and buying to recoup some of their losses from the recent downturn, and thus the price continues to slowly work higher. I just saw the average break $420, so I would say more people investing is not beyond the realm of possibility.

[becoin]

Speaking of volatility... I am not sure what to make of this recent price action.

BTCC just like XT altcoin fork is dead and market is pricing that in.

[yefi]

Speaking of volatility... I am not sure what to make of this recent price action.

It is the work of the meddling Gods. Through the shallow waters of the kylix doth they spy our world.

[Fatman3001]

Why are we still discussing Classic like it's not a failed project already?

Didn't you get the news?

Apparently, it's YOU who didn't get the news.

I think he's referring to f2pools tentative agreement with core about a 2mb block size in 2017.

So we know f2pool and probably Kano supports core. Kano is insignificant and f2pool might shrink quite a bit in a couple of months.

2017, so we would have to bite our nails for a full year at least, enduring higher fees, lesser reliability, and a degraded user experience. Awesome.

Nope, Bitfury and Antpool are going to push f2pool below 20% and f2pool will start running Bitcoin Classic. Kano is going to go into full troll mode for a while, who knows where he'll land.

[madmat]

Speaking of volatility... I am not sure what to make of this recent price action.

BTCC just like XT altcoin fork is dead and market is pricing that in.

You are so funny.

[sAt0sHiFanClub]

You suggest that the chain with 25% hash power is in the economic minority which is just flatly inaccurate. The sunk costs in previous generations of ASICs aren't worth much more than a doorstop with a flood of new money buying the latest generation of ASICs. 75% of Miners are not necessarily the economic majority. What is interesting about this attack is even if 95%+miners temporarily support the new coin (I.E.. Bitcoin classic) and every exchange supports bitcoin classic and refuses to accept bitcoin core coins, the attack can come unannounced as the ASIC manufactures can have a shell company or investors buy them out and use their own coin to simultaneously dump the price and gain a majority of the hashpower. To those that oppose a coup, they wouldn't even see this as underhanded but protecting the interests of the ecosystem and increasing the hash power.

Sorry, I respect your beliefs and all, but that is just getting plain ridiculous, desperate and implausible.
 Have a look at this and you will see there is nearly 90% consensus for 2mb blocks at this moment. Add to that all the exchanges that have stated they will follow the majority ( not a given that its classic)

You have an extremely difficult battle with just 10% of hashing power and sky high difficulty. And for what? What will you gain with your shell companies and other whatnots you mentioned?

When it comes to it, you, and all the others will be as pragmatic as anyone else in the network. You will protect the value of your coins. You will fork.

Because its in your interest*.






*unless you are an investor in Blockstream

[Fatman3001]

Try to stop this train!!!!



I dare you!!!

[BlindMayorBitcorn]

Anybody savvy to those decentralized prediction markets? Who's the odds-on favourite in this nerd war of ours?

[ImI]

Why are we still discussing Classic like it's not a failed project already?

Didn't you get the news?

i didnt get the news. where to find it?

[JayJuanGee]

I am tired of all that shit. I quit Bitcoin until the next ATH.

Good for you, and bad for us.... hahahahaha  

We gotta put up with more fake quitting drama........ and fewer coins for us.  

Haha, shame the price won't go up 10% after this nobody quits bitcoin

Dude, you should show more respect to people more wealthy and clever than you.

We shouldn't be doing status (respect?) trips on the interwebs.... Instead, post some substance regarding BTC, and then we will consider your thoughts.

If you are going to quit BTC, then no problem with that kind of choice, especially since you are choosing for yourself and your own risk tolerances and diversification, if any; however, what would be the reason for you to publicly announce such supposed quitting, unless you are some kind of attention whore or you really don't  mean what you say.... and accordingly, you are just playing the quitting threat card for its trolling effect.