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

[Richy_T]

does that 50 per cent thing means that the block size issue was solved as its not filled?

Not really. But there were a lot of blocks in that period so *shrug*.

We are operating in full-block territory by my measure but we are likely to bounce off the limit a couple of times.

[Richy_T]

Coin



Explanation

Is it even worth keeping coinbase on there?

[BlindMayorBitcorn]

Ouch. 373? Yup, 373 ... nope, 372

Only down 8%. Hmm.

I don't understand why it's so obvious, and you seem to be strongly suggesting more down?  

Just shakin' out the weak hands, JJG. No reason to be alarmed.

I'm not really alarmed, yet.... I have been buying on the way down, but if i knew that it was going down further, then I would just wait and buy all of it at the bottom....   In other words, since I keep buying, I keep thinking that maybe this is bottom...  (more or less I bought a bit at $406, $401, $392, $384 and now the latest $375)... I would have felt better to just buy all of what I bought at $375...

Anyhow, I have never made any real claim to knowing short-term price directions.

There's something sort of refreshing about these massive dumps. Like an aloe vera intestinal cleaning, right up the pooper. IDK. It could be just me.

Innit tho JJG?

Everybody talkin’ witness segregation,
0-Confirmation, Full blocks, C0re pl0x,
RBF, ETF, Reddit and Slack.it and fork it,
But all we are sayin’
Give poop-shoots a chance’...


Innit? JJG??

[JayJuanGee]

I also think that buying at $375 is a fair price as it in medium range of what it has been for the past year, that is when I started my venture into bitcoin. I am glad I wasn't here when it was at $1200 and just starting out. I would be really upset if I had to sell now at 4x the loss.

Almost any scenario describing someone who began buying at $1,200 is highly unlikely to continue to have that person with an average cost per BTC at $1,200, unless he completely detached and stored away the bitcoins.  Accordingly, when people paint pictures of the $1,200 average cost per BTC, they are describing a rare creature, and possibly even a unicorn... hahahahahaha

@mixan context: JJG bought at $1200. Might explain his lack of internal monologue.

You are a real pussy, fatman..... engaging in personal attacks, when you do not even know details.... and what about sharing some of your personal BTC investment details as springboards for dialogue?  helrow???

[biggus dickus]

Ouch. 373? Yup, 373 ... nope, 372

Only down 8%. Hmm.

I don't understand why it's so obvious, and you seem to be strongly suggesting more down?  

Just shakin' out the weak hands, JJG. No reason to be alarmed.

I'm not really alarmed, yet.... I have been buying on the way down, but if i knew that it was going down further, then I would just wait and buy all of it at the bottom....   In other words, since I keep buying, I keep thinking that maybe this is bottom...  (more or less I bought a bit at $406, $401, $392, $384 and now the latest $375)... I would have felt better to just buy all of what I bought at $375...

Anyhow, I have never made any real claim to knowing short-term price directions.

There's something sort of refreshing about these massive dumps. Like an aloe vera intestinal cleaning, right up the pooper. IDK. It could be just me.

Innit tho JJG?

Everybody talkin’ witness segregation,
0-Confirmation, Full blocks, C0re pl0x,
RBF, ETF, Reddit and Slack.it and fork it,
But all we are sayin’
Give poop-shoots a chance’...


Innit? JJG??

Could the dump have anything to do with Bitstamp and Btc-e getting blocked by Russian ISPs? It's unsettling when a country starts clamping down on access to Bitcoin exchanges, and people that live in Russia might have been unnerved enough to login to their accounts through VPNs and dump.

Bitstamp and BTC-e now blocked by Russian ISPs

https://twitter.com/btcecom/status/690539469167026178

https://www.cryptocoinsnews.com/bitcoin-exchange-btc-e-blocked-russian-regulator/

[JayJuanGee]

Ouch. 373? Yup, 373 ... nope, 372

Only down 8%. Hmm.

I don't understand why it's so obvious, and you seem to be strongly suggesting more down?  

Just shakin' out the weak hands, JJG. No reason to be alarmed.

I'm not really alarmed, yet.... I have been buying on the way down, but if i knew that it was going down further, then I would just wait and buy all of it at the bottom....   In other words, since I keep buying, I keep thinking that maybe this is bottom...  (more or less I bought a bit at $406, $401, $392, $384 and now the latest $375)... I would have felt better to just buy all of what I bought at $375...

Anyhow, I have never made any real claim to knowing short-term price directions.

There's something sort of refreshing about these massive dumps. Like an aloe vera intestinal cleaning, right up the pooper. IDK. It could be just me.

Innit tho JJG?

Everybody talkin’ witness segregation,
0-Confirmation, Full blocks, C0re pl0x,
RBF, ETF, Reddit and Slack.it and fork it,
But all we are sayin’
Give poop-shoots a chance’...


Innit? JJG??

At this point, I figure almost the same.  I mean we have a bit of internal squabblings, but really, there is not any real negative news.  

Accordingly, much of the downward price movement is coming from hype and attempts to exaggerate the potential for a dump... and then on the other hand... we get recovery... which in the end, all of this helps my BTC portfolio  - both in terms of accumulation and bringing down the average cost per BTC..... ... and I am not claiming to be able to time anything perfectly, but just to continue to execute buys on the way down and sales on the way up....


Call it what you will...

poop, or a cleansing or whatever.   

[Richy_T]

Could the dump have anything to do with Bitstamp and Btc-e getting blocked by Russian ISPs? It's unsettling when a country starts clamping down on

It's the full-blockalypse (did I get it right this time?). We hit full blocks and all those in control could do was to toe the ground a little and promise us a partial solution in 2017. The shitstorm that will be the halving without more block capacity is starting to be priced in. More to come.

Expect down until a solution is enacted.

The recent rise was part of a pump & dump. They knew what they were doing.

Full disclosure: Today was my last day at my previous place and I am well on my way to merrydom.

[BlindMayorBitcorn]

Could the dump have anything to do with Bitstamp and Btc-e getting blocked by Russian ISPs? It's unsettling when a country starts clamping down on access to Bitcoin exchanges, and people that live in Russia might have been unnerved enough to login to their accounts through VPNs and dump.

Bitstamp and BTC-e now blocked by Russian ISPs

https://twitter.com/btcecom/status/690539469167026178

It's like one of those perfect storms. I spent the day thinking it was miners cleaning house (so to speak) after Luke Jr. spooked 'em.


Come gather 'round Blockstreamers
Wherever you roam
And admit the transactions
Around you have grown
And accept it that soon
You'll be drenched to the bone...

Innit?

[medialab101]

BTC-e $10 premium!

Is today opposite day?!?

[Morecoin Freeman]

BTC-e stupid. Still bearish. Just saying.

[BlindMayorBitcorn]

Could the dump have anything to do with Bitstamp and Btc-e getting blocked by Russian ISPs? It's unsettling when a country starts clamping down on

It's the full-blockalypse (did I get it right this time?). We hit full blocks and all those in control could do was to toe the ground a little and promise us a partial solution in 2017. The shitstorm that will be the halving without more block capacity is starting to be priced in. More to come.

Expect down until a solution is enacted.

The recent rise was part of a pump & dump. They knew what they were doing.

Full disclosure: Today was my last day at my previous place and I am well on my way to merrydom.

Nuts to politics. That's great news, brother! Congrats!

[Cconvert2G36]

Could the dump have anything to do with Bitstamp and Btc-e getting blocked by Russian ISPs? It's unsettling when a country starts clamping down on

It's the full-blockalypse (did I get it right this time?). We hit full blocks and all those in control could do was to toe the ground a little and promise us a partial solution in 2017. The shitstorm that will be the halving without more block capacity is starting to be priced in. More to come.

Expect down until a solution is enacted.

The recent rise was part of a pump & dump. They knew what they were doing.

Full disclosure: Today was my last day at my previous place and I am well on my way to merrydom.

Cheers Richy.

Nice graphs you put out btw, thanks.

I've been snooping around 8btc.com with google translate, interesting to see what our chinese brethren are thinking, cute avatars too. 

Keep choochin' boys.

[ChartBuddy]

Coin



Explanation

[Morecoin Freeman]

January-volatility.

[Fatman3001]

I also think that buying at $375 is a fair price as it in medium range of what it has been for the past year, that is when I started my venture into bitcoin. I am glad I wasn't here when it was at $1200 and just starting out. I would be really upset if I had to sell now at 4x the loss.

Almost any scenario describing someone who began buying at $1,200 is highly unlikely to continue to have that person with an average cost per BTC at $1,200, unless he completely detached and stored away the bitcoins.  Accordingly, when people paint pictures of the $1,200 average cost per BTC, they are describing a rare creature, and possibly even a unicorn... hahahahahaha

@mixan context: JJG bought at $1200. Might explain his lack of internal monologue.

You are a real pussy, fatman..... engaging in personal attacks, when you do not even know details.... and what about sharing some of your personal BTC investment details as springboards for dialogue?  helrow???

[JorgeStolfi]

http://www.coindesk.com/blockstream-ceo-bitcoin-industry-creating-toxic-environment-for-developers/
Thoughts?

Even worse:

SF Bitcoin Dev Meetup Co-Organizer gives Gavin Andresen and Jeff Garzik 24 hrs to renounce support for Bitcoin Classic or else face smear campaign

[JayJuanGee]

I also think that buying at $375 is a fair price as it in medium range of what it has been for the past year, that is when I started my venture into bitcoin. I am glad I wasn't here when it was at $1200 and just starting out. I would be really upset if I had to sell now at 4x the loss.

Almost any scenario describing someone who began buying at $1,200 is highly unlikely to continue to have that person with an average cost per BTC at $1,200, unless he completely detached and stored away the bitcoins.  Accordingly, when people paint pictures of the $1,200 average cost per BTC, they are describing a rare creature, and possibly even a unicorn... hahahahahaha

@mixan context: JJG bought at $1200. Might explain his lack of internal monologue.

You are a real pussy, fatman..... engaging in personal attacks, when you do not even know details.... and what about sharing some of your personal BTC investment details as springboards for dialogue?  helrow???

I'm the one in the orange shirt

[Fatman3001]

I also think that buying at $375 is a fair price as it in medium range of what it has been for the past year, that is when I started my venture into bitcoin. I am glad I wasn't here when it was at $1200 and just starting out. I would be really upset if I had to sell now at 4x the loss.

Almost any scenario describing someone who began buying at $1,200 is highly unlikely to continue to have that person with an average cost per BTC at $1,200, unless he completely detached and stored away the bitcoins.  Accordingly, when people paint pictures of the $1,200 average cost per BTC, they are describing a rare creature, and possibly even a unicorn... hahahahahaha

@mixan context: JJG bought at $1200. Might explain his lack of internal monologue.

You are a real pussy, fatman..... engaging in personal attacks, when you do not even know details.... and what about sharing some of your personal BTC investment details as springboards for dialogue?  helrow???

I'm the one in the orange shirt

And I'm the white knight in a cowboy hat touching your junk.

[ChartBuddy]

Coin



Explanation

[Cconvert2G36]

^Teehee

http://www.coindesk.com/blockstream-ceo-bitcoin-industry-creating-toxic-environment-for-developers/
Thoughts?

Even worse:

SF Bitcoin Dev Meetup Co-Organizer gives Gavin Andresen and Jeff Garzik 24 hrs to renounce support for Bitcoin Classic or else face smear campaign

I like Gavin and Jeff a lot. But I've come to the sort of shaky conclusion that the threat of a contentious hard fork is the ultimate stress-test. I really think they should stop now.  

Your difficulty is in believing the line that a "contentious™" hard fork is strange or bad. It's how the network fucking WORKS. Of course there is a governance problem... a worrying % of bitcoiners have been sold the idea that there is some kind of power structure or security staff to appeal to in Bitcoin. Fortunately there is, but their votes are counted in PH/s. Their business and future depends on both the success and security of the network + their customers and clients not dumping their ever more useful coins on the market.

The sooner you disabuse yourself of this silly notion, the better.