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

[aztecminer]

When bitcoin fall $350 again?
Any guess ?

probably not. the marshall's pump served multiple purposes:

1. bigger profit for the marshal's auction
2. sell the bitcoin halving
3. trick peeps to dump their coins early @300-320 range .
4. keep peeps out of pms during obama's "peddling fiction" critical economic crisis that is unfolding .


New Stuff (not associated w Marshal's Pump 2015):

5. janet yellen has excuse why her rate increase has so far failed the stock market cuz of the #blizzard2016.
6. rate increase of 0.25% "We suspect that one of the main drivers behind the Federal Reserves’ insistence that interest rates be raised is to drive demand for Treasuries to combat de-dollarization initiatives." https://smaulgld.com/foreign-holdings-u-s-treasuries-2/

the usa has 8133 tons of gold that is awesome! if we have that much gold then we win no matter what. we have more gold than russia and china together.. we are the gold holders. we have most of the worlds gold.. we are the winners. no one has more gold than us.. some people have all the gold, and some people only have some of the gold, while others have no gold at all.. luckily, “all of us” in the usa live in a country that has more gold than russia and china put together.. clearly, we can all see we are the winners with more gold than anyone else.

what this means is that we, the usa, are just playing the rest of the world.. we’re using our fiat currency to buy as much stuff as we possibly can before we let the dollar collapse and then rule the world with our massive pile of gold that we have more of than anyone else in the entire world. all you have to do is look at the above charts to see that the usa is the gold rulers of the world. we are to big to fail. we have all the gold and we are working on trading bitcoins for chinas gold right now. we don’t mess around in the usa. if you got gold then we will trade you either paper or digits for your gold.. because, as can see, we are the number one when comes to who has the most gold. if you do not want to trade us your gold, well, being the holders of the most gold in the entire world, it is obvious that we will be forced to liberate countries from the terrorists who refuse our generous request to trade their gold for our tbonds and bitcoins. it makes sense because we are the worlds holder of the most gold.

 

it really is that simple guys. bitcoin is set to rule the world #blizzard2016

[Richy_T]

No, blocks shortly after the previous block will be coinbase only, distorting your metric, we will never see avg. 0.99MB with a 1MB limit.

Correct. In fact, between empty blocks and some miners mining with a soft limit of 750k and others with a soft limit of 250k, the current maximum average is around 90% full. (Or rather, an average of 90% of 1m means full would be a more correct way to state it).

[Richy_T]

Use first block inclusion fees.

Yeah, I was thinking that and maybe something else. Possibly max fee in mempool.

[AlexGR]

That's 4 cents / 0.04 USD for urgent first block inclusion, despite "full blocks" and 55+ mb of queued transactions. I asked "why" before but I didn't get an answer. Why don't we have "5$ fees" or "100$ fees"? Why is it just 4 cents?

4c is high.

High? Are you high? Compared to any other alternative (banks, visa, mc, paypal, western union, swift) it's the lowest you can get. Even an sms will cost me 0.12 euro and if I send it globally it might cost me half a euro.

And remember 4c-8c fees (depending the load) are for first block inclusion. If you want to move money in an hour or so, you can do it for 1-2c.

Plus the blockchain can be used for storage reasons by third parties - outside of the original specification and satoshi's intention.

At market rates of 10 satoshi per byte means you can add

1mb for 40$
10mb for 400$
100mb for 4.000$
1gb for 40.000$
10gb for 400.000$
100gb for 4mn $
1TB for 40mn $

Well, if I were the big banks, I'd pay my IT department to make BTC blockchain unusable. I have a multitrillion dollar industry, what's a few million to kill btc?

Let's pay some trolls down there too to cheer for their own destruction and spread division while we are at it.

[aztecminer]

PSA: If you haven't bought bitcoin @$220 (or below), the next best time to buy is now.

Sub $400 is the new MUST-BUY zone.

i'm not convinced.

[rebuilder]

No, blocks shortly after the previous block will be coinbase only, distorting your metric, we will never see avg. 0.99MB with a 1MB limit.

Correct. In fact, between empty blocks and some miners mining with a soft limit of 750k and others with a soft limit of 250k, the current maximum average is around 90% full. (Or rather, an average of 90% of 1m means full would be a more correct way to state it).

Wait, miners can choose for themselves what kinds of transactions and how many of them they deem economical to include in blocks??

Sorry. I'm having a hard time avoiding the snark in me here. I guess I see why this has all blown up so badly... If only belittling others could be used to secure the blockchain!

[BlindMayorBitcorn]

Sorry. I'm having a hard time avoiding the snark in me here. I guess I see why this has all blown up so badly... If only belittling others could be used to secure the blockchain!

Thank you

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

The Pic speaks for it self

This is a Bitcoin thread in the Bitcoin section, so you shouldn't be promoting altcoins here.

Neverheless ethereum's only gone up by 10.57%. Why did you omit dogecoin which has surpassed it by going up by 11.11%? You showed dash at 5th place which has crashed, but omitted dogecoin at 6th place.


Dogecoin has been pumped numerous times, and ethereum's being pumped like any other altcoin.

dash, Litecoin, Dogecoin.... and so many other coins are just a Bitcoin copy cats, Bitcoin's limitations will apply on all the Bitcoin forks, in the other hand you have ETH which is a kick ass platform.


BTW: you don't get to tel me what I can discuss and what not especially in this thread and in this sub-forum. period.

It's not me that tells you what you can discuss, it's the mods. This is what Lauda (a mod) has to say about a post just like yours in the Bitcoin discussion board. He says making a price comparison isn't a discussion related to Bitcoin. That post also starts with a coinmarketcap screenshot.

No it's not. This is Bitcoin related. Far superior tech replacing your precious BTC.

This is a discussion about another useless coin. This is not related to Bitcoin (making a price comparison != related to Bitcoin/B. Discussion).

Please lets stop talking about Bitcoin's technical limitations, because this way they will go away... and please don't mention any better, efficient and advanced solutions especially in the forum where most crypto enthusiasts/investors gather to get information, this way Bitcoin will never fail...


One thing you've got right, I have to stop posting hints about the dead horse, the time of free hints is gone... this will be the last one I promise.

Edit: I stopped visiting this sub-forum for almost a year, I got more productive, I will stop visiting again.... nothing good comes out of here, this is my last post ever in the speculation sub-forum.

We can only be so lucky that you follow through with this threat.

Thank you lordy.... 

[CuntChocula]

Oh man... 390 gives up the ghost
Will 380 hodl?

[ChartBuddy]

Coin



Explanation

[barbs]

this is like watching a slow motion car crash over and over

[peonminer]

this is like watching a slow motion car crash over and over

[BlindMayorBitcorn]

Geez fellas. Is this like one of those pump and dumps you hear about at parties?

[ChartBuddy]

Coin



Explanation

[Richy_T]

4c is high.

High? Are you high? Compared to any other alternative (banks, visa, mc, paypal, western union, swift) it's the lowest you can get. Even an sms will cost me 0.12 euro and if I send it globally it might cost me half a euro.

Mail -> Email
Visa -> Bitcoin.

Stamp->49c Email->marginal cost
Visa->0 cost to customer, BTC->?

Do the maths.

And comparing SMS? LOL, a horrendously overcharged item enabled by government granted monopoly... Are *you* high?

[Richy_T]

Sorry. I'm having a hard time avoiding the snark in me here. I guess I see why this has all blown up so badly... If only belittling others could be used to secure the blockchain!

My god, I think you might be on to something.

[JayJuanGee]

4c is high.

High? Are you high? Compared to any other alternative (banks, visa, mc, paypal, western union, swift) it's the lowest you can get. Even an sms will cost me 0.12 euro and if I send it globally it might cost me half a euro.

Mail -> Email
Visa -> Bitcoin.

Stamp->49c Email->marginal cost
Visa->0 cost to customer, BTC->?

Do the maths.

And comparing SMS? LOL, a horrendously overcharged item enabled by government granted monopoly... Are *you* high?

Richie..... I think to be objective, you gotta concede a bit on your rendition of the cost(s) of credit cards.  We cannot calculate costs from only one side of the transaction.... Credit card transactions are generally at least 2%... and frequently closer to 5% by the time you add all the various charges on merchants.

Expanding the topic a bit into bank transfers:  In recent times, I have come across quite a few bank transfer services that are free between customers of the same bank or with minimal efforts to set up sending and/or receiving accounts.  However, really, are those services free?  Frequently, they can take 1-5 business days to clear, and also banks are rarely paying any meaningful interest rate on the money that they hold for you (as they had in the olden days).  In this regard, banks are providing some purportedly "free" services, but they are getting use of trillions (or at least billions) of dollars without paying any interest rates.

My point is that I think that we should really consider whether a transaction is free, such as using our credit cards..... when we are comparing the current and/or upcoming costs of using bitcoin. 

[CuntChocula]

Ma send me money now / I'm gonna make it somehow
I need another chance / You see your baby loves to dance
Yeah          yeah       yeaaaah.
http://s29.postimg.org/t5ili8493/davisofhumanbondage.png

[JorgeStolfi]

Longterm Bitcoin has to gather enough fees to survive, without fees no miners.

Or in your business language: We can give away our product for free, said no successful business ever.

edit: the fees will longterm lead 1:1 to Bitcoins security. the higher the gathered fees the higher the security of the network.

Without fees, no miners. So people will pay fees to keep their transactions getting on the blockchain and miners will select transactions which help pay for their business. This isn't rocket science.

The problem comes when someone comes along and interferes in this negotiation between customer and service provider and distorts the value proposition.

More explictly: by Greg's argument, the UN should impose a worldwide production limit of 1 million liters of soft drinks per day.  Otherwise, the manufacturers like Coke and Pepsi have to give way their products for free,  they would go broke, and there would not be enough soft drinks for everybody.   

BITCOIN: The world's future global value transmission system, secured by 1000 PH/s of mining power and by a developer team who would bankrupt a homemade lemonade stand on the first day.