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

[JayJuanGee]

Obnoxious signature. That's so last straw.

you mean me? 

you must be filling in for the chunky one, again?  Sounds like the kind of thing that he would say...

[ImI]

Agreed, but every day without an inch of movement from Blockstream, increases the possibility. The fact that they start bringing up PoW changes when backed into a corner gives even more weight to the idea that they would rather go to war than compromise to 2MB.

it shows lack of reason. miners seem to be much more reasonable at the moment and thats in a way how bitcoin was intended anyways. its the miners (and users) who decide where to go.

[CuntChocula]

I think that the below-linked YouTube clip (which is 9911 minutes), kind of relates to parts of my earlier post ...














https://www.youtube.com/watch?v=04cF1m6Jxu8

Epilepsy much?

Lev Nikolaevich Myshkin's the name. You can call me Prince.
For reasons unknown, Google thinks I'm a cunt.  Err... Darn my epilepsy, cut cunt COUNT!

[BlindMayorBitcorn]

I think that the below-linked YouTube clip (which is 9911 minutes), kind of relates to parts of my earlier post ...














https://www.youtube.com/watch?v=04cF1m6Jxu8

Epilepsy much?

Lev Nikolaevich Myshkin's the name. You can call me Prince.
For reasons unknown, Google thinks I'm a cunt.  Err... Darn my epilepsy, cut cunt COUNT!

[BlindMayorBitcorn]

Obnoxious signature. That's so last straw.

you mean me? 

you must be filling in for the chunky one, again?  Sounds like the kind of thing that he would say...

LOL. Ok you're forgiven.

[Cconvert2G36]

That was just Luke Jr.'s way of telling you to get right with the Lord. Were you listening?

Yeah, the only things sillier than Luke-Jr's musings on how miners are disconnected from the incentives of the larger Bitcoin economy are... well, his posts on just about anything else. See: posts today about renaming Bitcoin LJR... comedy gold with near unmatched purity.

[BlindMayorBitcorn]

That was just Luke Jr.'s way of telling you to get right with the Lord. Were you listening?

anti-Papist shillery

Somebody put the devil in your head, boy!

[nor9865]

www.Circle.com or www.Coinbase.com are easy solutions with minimal to no fees. You can also use www.LocalBitcoins.com for a swift cash deposit at an above preev price. Nor, do you mind me asking what your average buy price is for your stockpile? Pure curiosity.

I thought that he already said around $280, so even selling at $380, he would be up $100 per BTC.. something like that.

ohhh he meant at what price i bought them. sorry i thought you said at what price i am selling them..

[shmadz]

There are still miners out there with old versions of the software and running the defaults. Thus, if there's not too much of a backlog, it's quite possible zero fee transactions will get included.

So if zero fee transactions are actually a problem, perhaps it is better that we do have a bit of miner centralization so we have professional miners who actually pay attention to what they are doing instead of a bunch of amateurs not acting in their rational self-interest as was supposed to happen.

Don't amateurs mainly hash for pools? It seems hard to believe there's any significant hashrate operated by hobbyists who actually run their own bitcoind for mining.

Good point. And mainly so I think. In fact, some of the offenders seem to be large pools. Antpool and slush appear to be still mining with a 750000 soft limit so it would be interesting to see if they were mining 0 fee transactions also.

I send 0 fee transactions all the time and so far they've always* gone through, so there's definitely still a decent percentage of miners that accept them. The only time I pay a fee is if I'm using a web wallet or phone wallet where the fee is built in, or if I'm sending coin to an exchange to make a trade and time is of the essence.


* (I did have 1 unconfirmed from a test during the mtgox malleability fiasco, but it actually went through, just my client thought it didn't)

[ChartBuddy]

Coin



Explanation

[Cconvert2G36]

There are still miners out there with old versions of the software and running the defaults. Thus, if there's not too much of a backlog, it's quite possible zero fee transactions will get included.

So if zero fee transactions are actually a problem, perhaps it is better that we do have a bit of miner centralization so we have professional miners who actually pay attention to what they are doing instead of a bunch of amateurs not acting in their rational self-interest as was supposed to happen.

Don't amateurs mainly hash for pools? It seems hard to believe there's any significant hashrate operated by hobbyists who actually run their own bitcoind for mining.

Good point. And mainly so I think. In fact, some of the offenders seem to be large pools. Antpool and slush appear to be still mining with a 750000 soft limit so it would be interesting to see if they were mining 0 fee transactions also.

Antpool has two blocks over 900000 in the last hour so...

Also, priority hasn't been completely killed off yet.

[gentlemand]

I send 0 fee transactions all the time

GET HIM

[JayJuanGee]

www.Circle.com or www.Coinbase.com are easy solutions with minimal to no fees. You can also use www.LocalBitcoins.com for a swift cash deposit at an above preev price. Nor, do you mind me asking what your average buy price is for your stockpile? Pure curiosity.

I thought that he already said around $280, so even selling at $380, he would be up $100 per BTC.. something like that.

ohhh he meant at what price i bought them. sorry i thought you said at what price i am selling them..

I'm not going to go back through the posts, but my recollection, more or less, was that you asserted that you hold about 190 BTC, and you were becoming somewhat anxious regarding when to sell them.. but also Peonminer was asking you about your average buy price.


I had understood that you had made a couple of purchases, and that your profits would be around $100 per coin, if you sold at current price.

I don't recall whether you specified if that was your average buy price only for the 40 coins or if your total portfolio had an average buy price in the upper $200s.


You know many of us who have been buying BTC for a while, and even trading BTC to some extent have made a large number of transactions, and we come up with a variety of ways to attempt to calculate our average costs per BTC and the extent to which we are profitable or not. 

I personally think that these profitability considerations are all valid, and also, I am totally accepting of the fact that posters have a considerable variety in their ways of calculating their investment in bitcoin and the extent to which they may be profitable or not.

You do not necessarily need to disclose either your total number of coins or your average buy price or your framework; however, sometimes it can be helpful towards considering what to do and how to perceive your situation... and peonminer was asking you about your average price per btc for your whole BTC holdings... which is up to you whether you disclose such details.

[unent]

There are still miners out there with old versions of the software and running the defaults. Thus, if there's not too much of a backlog, it's quite possible zero fee transactions will get included.

So if zero fee transactions are actually a problem, perhaps it is better that we do have a bit of miner centralization so we have professional miners who actually pay attention to what they are doing instead of a bunch of amateurs not acting in their rational self-interest as was supposed to happen.

Don't amateurs mainly hash for pools? It seems hard to believe there's any significant hashrate operated by hobbyists who actually run their own bitcoind for mining.

Good point. And mainly so I think. In fact, some of the offenders seem to be large pools. Antpool and slush appear to be still mining with a 750000 soft limit so it would be interesting to see if they were mining 0 fee transactions also.

I send 0 fee transactions all the time and so far they've always* gone through, so there's definitely still a decent percentage of miners that accept them. The only time I pay a fee is if I'm using a web wallet or phone wallet where the fee is built in, or if I'm sending coin to an exchange to make a trade and time is of the essence.


* (I did have 1 unconfirmed from a test during the mtgox malleability fiasco, but it actually went through, just my client thought it didn't)

What's the longest wait you had for a transaction to go through? When the spam attacks were running people who paid fees were waiting over half a day, and the backlog took a week to clear. Did you try sending any zero fee transactions while those attacks were ongoing?

[Morecoin Freeman]

Nothing is happening...

[ChartBuddy]

Coin



Explanation

[marcus_of_augustus]

Nothing is happening...

... time to load up again, I tell you this only once.

[cbeast]

I smell rocket fuel.

[cbeast]

[DieJohnny]

i think bitcoin has become the boring cryptocurrency, bored to death