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

[ChartBuddy]

Coin



Explanation

[BruceLee007]

the price seems to be getting back after the previous drop, the blocks are getting filled more and more often, i hope this problem will be solved as soon as possible as its definitely not a good thing for bitcoin

[Yakamoto]

the price seems to be getting back after the previous drop, the blocks are getting filled more and more often, i hope this problem will be solved as soon as possible as its definitely not a good thing for bitcoin

The price is still higher than it has been in the past recently, however I do agree that the drop has not been good for Bitcoin. I am not a master of economics, but I think a steady rise is not entirely out of the question for now. We are currently mostly stagnant at $389/$388, and it hasn't dropped severely since then.

[madmat]

the price seems to be getting back after the previous drop, the blocks are getting filled more and more often, i hope this problem will be solved as soon as possible as its definitely not a good thing for bitcoin

Classic release is expected next week. Binaries should come just after that. Be patient.

[BldSwtTrs]

Classic release is expected next week. Binaries should come just after that. Be patient.

Source please ?

[becoin]

the price seems to be getting back after the previous drop, the blocks are getting filled more and more often, i hope this problem will be solved as soon as possible as its definitely not a good thing for bitcoin

It is good that blocks are getting filled more and more often. Nothing wrong with that.
If you want included, pay higher tx fees. If not, you'll wait.
Of course, spam must be filtered out.

[madmat]

Classic release is expected next week. Binaries should come just after that. Be patient.

Source please ?

https://www.reddit.com/r/btc/comments/41qdrt/bitcoin_classic_update_email_for_subscribers_tldr/

[becoin]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

[BldSwtTrs]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

You seem scared.

[ChartBuddy]

Coin



Explanation

[dropt]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

You seem scared.

Those who solely support Core are getting scared.  So scared in fact that they're now discussing a change of PoW if Classic hardforks.

They are discussing the nuclear option if they don't get their way.  Telling.

[becoin]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

You seem scared.

Wrong. Think again.

[BldSwtTrs]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

You seem scared.

Wrong. Think again.

What will you do when the hard fork happens?

[bargainbin]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

You seem scared.

Wrong. Think again.

What will you do when the hard fork happens?

He'll stick to the core forklet, and won't be able to spend his BTC anywhere. Which is all well and good: BTC is not for spending, it's for hodling.

[becoin]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

You seem scared.

Wrong. Think again.

What will you do when the hard fork happens?

Unbelievable number of antibitcoin trolls are pouring in. Who is paying? That is the question!

[BldSwtTrs]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

You seem scared.

Wrong. Think again.

What will you do when the hard fork happens?

Unbelievable number of antibitcoin trolls are pouring in. Who is paying? That is the question!

I am not paid for my forum activity but I welcome anyone who wants to finance me.

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

the price seems to be getting back after the previous drop, the blocks are getting filled more and more often, i hope this problem will be solved as soon as possible as its definitely not a good thing for bitcoin

The price is still higher than it has been in the past recently, however I do agree that the drop has not been good for Bitcoin. I am not a master of economics, but I think a steady rise is not entirely out of the question for now. We are currently mostly stagnant at $389/$388, and it hasn't dropped severely since then.

I find it a bit curious to see frequent assessments of bitcoin's "stability", after price stays in a certain range for a few days or returns to a certain range for a week or so.

Surely, prolonged downtrends in trade volume could cause us to conclude stability, yet I get the sense that bitcoin prices are no where near stability, even though from time to time, we experience what seems to be extended price and trade volume lulls.

[BlindMayorBitcorn]

This is good.

Interestingly, since there is no government forcing everyone to run any particular software, it would seem that the "free market" has already decided that a 1 MB block cap is best.  At some point in the future that same free market may choose a larger cap, or it may get rid of the cap altogether, but I don't see how a cap is in anyway at odds with the idea that bitcoin is a "free-market experiment".

Things may not be the way that some group of people might want it to be, but free-market doesn't mean "everyone gets to be happy". Unfortunately, an unregulated free market can be a VERY messy thing at times.  It is quite possible that we could see transaction fees of $100 worth of bitcoins or more just to get a transaction confirmed within a week, and unconfirmed transactions being regularly "double-spent" days after the original transaction is sent long before we see a change in the cap on blocksize.  We could see the exchange rate drop to pennies per bitcoin (or even bitcoins per penny) as people lose interest in a system that they feel excludes them.

A useless and worthless bitcoin could very well be exactly what the free market feels is best.  That doesn't mean that Bitcoin isn't a free-market experiment. It just means that bitcoin might prove that an unregulated free market is a disaster.

Or

Perhaps an innovative person will find a way to motivate the free market to force a change.  There are people that thought they would be able to motivate change, and they failed.  Some of these people think that their own failure is an indication that bitcoin or the free market is a failure, but it is entirely possible that they simply didn't provide the right motivations in the right way to effect market forces in a way that would push changes they desired.

[JayJuanGee]

^I can't tell if you actually just said anything lol.

hahahahahahaha


You talking about me, willis?


In fact, you may be emulating fatty?