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

[Cconvert2G36]

In other news totally OT ... looks like the found evidence for Nibiru 
http://www.caltech.edu/news/caltech-researchers-find-evidence-real-ninth-planet-49523

purported home of the lizard queen and her people.

And lo! There was much rejoicing among buttcoiners for many years after. 

"For the first time in over 150 years, there is solid evidence that the solar system's planetary census is incomplete."

Pretty cool tho

[smooth]

Eventually yes, that would happen. Not right away because there is a lot of headroom of spam, crap, and low-value uses that will be forced off, ensuring that capacity is available, allowing ample time for improvements in capacity and throughput.

Fees rise, transactions stall, businesses, suddenly providing poor user experience go into reverse adoption. Nothing happens for months and months since there is no room for growth and then the halving happens, miners switch off and our transaction volume drops to 1/3 or less because you can't compensate for slower blocks by increasing the transactions per block and difficulty moves out to 30 days and then longer as declining value causes more miners to switch off.

u short bro?

[Richy_T]

u short bro?

Hodling for life. Expecting a rough ride and fiat cannons on standby though. It's likely going to get like Mad Max up in here before the year is through.

[BlindMayorBitcorn]

In other news totally OT ... looks like the found evidence for Nibiru 
http://www.caltech.edu/news/caltech-researchers-find-evidence-real-ninth-planet-49523

purported home of the lizard queen and her people.

And lo! There was much rejoicing among buttcoiners for many years after. 

"For the first time in over 150 years, there is solid evidence that the solar system's planetary census is incomplete."

Pretty cool tho

Planet Nine. Far out, man.

[Andre#]

I am doubting myself for being bearish but at the same time this pump does not make too much sense.
I feel like this should dump back down. What am I missing here?

It's not back at $430, yet. Which is the pre-Hearn-Bitcoin-is-broken-crash level. So there's actually still a little more room in the pump for the Classic-effect.

[PoolMinor]

what did just happen to cause this pump?

That's what I was going to ask. Is it just because it dumped yesterday, so it's pumping today, or is there any news that made it pump? It's been range bound for the last half a week, and it could go back down to the lower end of the range if the pump's not because of any news, or perhaps it will break out of the range.

The dump was because of an earlier trend, also the holiday (this seems to happen quite frequently not sure if anyone else has noticed this yet, but it happens nearly every 3 day weekend).

Then as I previously predicted, finally correct after 100 tries or so, the price would return to $420 by Tuesday. Not because of some grand news or feat but, simply because fiat takes longer to move around hence the need for such a great device like bitcoin.

[ChartBuddy]

Coin


Explanation

[Karartma1]

Coin


Explanation

Good morning Chartbuddy.........
Thanks for letting us know that we are almost near 430$ which is where we were before the last crazy days.

OT: don't you all see the financial world out there is crumbling down while BTC grow strong against everything else? They said BTC is dead, far from it.

[LFC_Bitcoin]

You don't seem to understand. Bigblockers will win if we crash the price far enough to persuade the miners to switch. If we fail in that, it's because the price is going up and they have no reason to listen to us. (if it ain't broke, don't fix it). So it's simple. Just keep pumping until we go away. That's how you'll get us to capitulate.

Did you miss the bit when it's been tried & failed a number of times now?

We just have to be lucky once....  

Jusr to be clear I don't really give a crap which chain wins. All I care about is that my bitcoin's are safe & hopefully become a lot more valuable than it is now price wise etc.

That's everybody's hope isn't it, to make lots of money from this 'thang'.

I don't wear an 'I love Core' t shirt under my sweatshirt or anyrhing, I just want to make money & see bitcoin succeed.

[Cconvert2G36]

Toomim on wechat (I think). Gives a little more insight to what has happened, and what he thinks, agree or disagree... worth a read if you can handle it... loooong.

http://pastebin.com/B8YQr5TQ

[BlindMayorBitcorn]

Toomim on wechat (I think). Gives a little more insight to what has happened, and what he thinks, agree or disagree... worth a read if you can handle it... loooong.

http://pastebin.com/B8YQr5TQ

Tl;dr

What happened tho??

[Andre#]

Coin


Explanation

What happened to the block stats?

[ChartBuddy]

Coin


Explanation

[Loimu]

They said BTC is dead, far from it.

Haha, yes, this is so true! I had absolutely no fear or thoughts about selling any coins with the recent dip. Bitcoin has 'died' so many times that by now I am sure it's immortal.

[kehtolo]

They said BTC is dead, far from it.

Haha, yes, this is so true! I had absolutely no fear or thoughts about selling any coins with the recent dip. Bitcoin has 'died' so many times that by now I am sure it's immortal.

There is this website, that tracks all the times bitcoin was declared 'dead'..

https://99bitcoins.com/bitcoinobituaries/

[Fatman3001]

Toomim on wechat (I think). Gives a little more insight to what has happened, and what he thinks, agree or disagree... worth a read if you can handle it... loooong.

http://pastebin.com/B8YQr5TQ

There's even some stuff relevant to the WO-thread here:

1|申屠青春:2016-01-20 07:29:30:Chinese central bank want to issue digital currency...
1|Guy Corem:2016-01-20 07:29:43:(indeed. big news)
1|Guy Corem:2016-01-20 07:29:49:(thanks for the update)
1|Jonathan Toomim:2016-01-20 07:30:02:oh darn, i already sold my bitcoin to pay for electricity a few days ago...
1|Jonathan Toomim:2016-01-20 07:30:06:wish i had waited
1|Guy Corem:2016-01-20 07:30:12:
1|申屠青春:2016-01-20 07:30:20:[Grin]

[ChartBuddy]

Coin


Explanation

[sAt0sHiFanClub]

You don't seem to understand. Bigblockers will win if we crash the price far enough to persuade the miners to switch. If we fail in that, it's because the price is going up and they have no reason to listen to us. (if it ain't broke, don't fix it). So it's simple. Just keep pumping until we go away. That's how you'll get us to capitulate.

Did you miss the bit when it's been tried & failed a number of times now?

We just have to be lucky once....  

Jusr to be clear I don't really give a crap which chain wins. All I care about is that my bitcoin's are safe & hopefully become a lot more valuable than it is now price wise etc.

That's everybody's hope isn't it, to make lots of money from this 'thang'.

I don't wear an 'I love Core' t shirt under my sweatshirt or anyrhing, I just want to make money & see bitcoin succeed.

You and me both. I just want each side to get a fair crack of the whip.

[Fatman3001]

Toomim on wechat (I think). Gives a little more insight to what has happened, and what he thinks, agree or disagree... worth a read if you can handle it... loooong.

http://pastebin.com/B8YQr5TQ

Tl;dr

What happened tho??

It took a while before I noticed that it wasn't some Guy Core, but Guy Corem. That's the Spondoolies-Tech CEO who's been running a campaign against dogie here on BCT. So I skipped to the end and, lo and behold, he did as he always does. He held his hand all the way down the long corridor and stabbed him in the heart. If you want to see how you can fuck someone up royally it's probably a good read.

[sAt0sHiFanClub]

Toomim on wechat (I think). Gives a little more insight to what has happened, and what he thinks, agree or disagree... worth a read if you can handle it... loooong.

http://pastebin.com/B8YQr5TQ

There's even some stuff relevant to the WO-thread here:

1|申屠青春:2016-01-20 07:29:30:Chinese central bank want to issue digital currency...
1|Guy Corem:2016-01-20 07:29:43:(indeed. big news)
1|Guy Corem:2016-01-20 07:29:49:(thanks for the update)
1|Jonathan Toomim:2016-01-20 07:30:02:oh darn, i already sold my bitcoin to pay for electricity a few days ago...
1|Jonathan Toomim:2016-01-20 07:30:06:wish i had waited
1|Guy Corem:2016-01-20 07:30:12:
1|申屠青春:2016-01-20 07:30:20:[Grin]

Guy Corem has a great line in adversarial cross examination! weasel words, statements dressed as questions, the lot.
And finally this: (referring to nodes)

1|Guy Corem:2016-01-20 09:03:39:or someone can fake it as well ?

So, its just iceBreaker/Adam Back, just better trained.

This is funny: (afer JT describes core_POW change as an alt coin)

1|Guy Corem:2016-01-20 09:11:15:With you permission, I want to call it Core + PoW change fork
1|Guy Corem:2016-01-20 09:11:21:And not altcoin
1|Guy Corem:2016-01-20 09:11:23:Ok ?

Even funnier....

1|Guy Corem:2016-01-20 09:22:33:Let's assume Core is implementing both changes
1|Guy Corem:2016-01-20 09:22:38:And we have different PoW
1|Jonathan Toomim:2016-01-20 09:22:45:they
1|Guy Corem:2016-01-20 09:22:54:sure
1|Guy Corem:2016-01-20 09:23:02:(It's bad translation from Hebrew)
1|Guy Corem:2016-01-20 09:23:08:We as a community

From hebrew.  No forks in hebrew.

He has a serious isue with core-pow being called an altcoin, I'm surprised JT didnt pick up on it and leverage it.

1|Guy Corem:2016-01-20 09:30:12:That both ClassicCoin and CoreCoin are alt coins and the OldCoreCoins are the real one
1|Guy Corem:2016-01-20 09:30:22:I know that there are some people still using old clients
1|Guy Corem:2016-01-20 09:30:28:And call those coins BTC
1|Jonathan Toomim:2016-01-20 09:30:34:right, the original bitcoin has a 32 MB blocksize limit
1|Jonathan Toomim:2016-01-20 09:30:39:we stopped using Bitcoin years ago
1|Guy Corem:2016-01-20 09:30:41:indeed

So we have been buying alt-coins for the last 4 years according to Mr. Corem.  

I'll stop now as I'm bored as you probably are.


Still, I think Toomim did prety good, for someone with no legal/PR training.

edit: why did i keep calling him cohen?