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

[Karartma1]

My accumulation time is over: I did what I could. Now it's time to hold and wait to see what the hell will happen next (I'm thinking before-after the halving).
I must admit I am quite excited.

[JayJuanGee]

The facts:

1. Bitcoin would NOT have failed if Satoshi had chosen a 2MB limit rather than 1MB, to say otherwise exposes you for the complete idiot you would be. Therefore, any FUD about 2MB is laid bare as completely propaganda.
2. Adding 2MB now means nothing as far as the technology, network and platform is concerned.., refusing to do so is simply because you do not want to establish a precedent that you can increase the block size to address scalability issues. Why? because the necessity of a sidechain solution for scaling moves further down the road.

There is nothing else to talk about.

Even though you are correct, that there really isn't anything else to talk about,  that is not going to change the fact that a lot of people want to talk about this nonsense, and create more and more innovative ways to attempt to make it seem as if there is something to talk about.

I'm glad that so far the dump had not brought us down too far in BTC prices; however, that was a pretty low volume dump.

I think that bears gotta have more coins to dump, no? 

I bought a little at $378, and then when the price kept going down on little volume, I thought that I would await mid to upper $360s before making my next purchase.. but didn't quite arrive there...

maybe later today or Sunday?  Otherwise, maybe I missed out on this particular buy opportunity?  I wonder?

[blunderer]

My accumulation time is over: I did what I could. Now it's time to hold and wait to see what the hell will happen next (I'm thinking before-after the halving).
I must admit I am quite excited.

G'luck!

[JayJuanGee]

Here are some more FACTS for you:

After I made my last post I sent transaction to myself, confirmed no problems AS ALWAYS. About 4 min in-fact, you beauty. https://blockchain.info/tx-index/b907009f9ef1e20d9d8d983e2c72186230be91ccfaf742e68caa1b95eb675af8


Hearn, Gavin et al also confirmed as FUD spreading propagandists.


Block size increase is not needed now, when it will be needed it will be increased, the core roadmap is the best plan going forward.

Everything else is based on a FUD manufactured crisis.

In the last month, I've sent around 15 transactions of varying sizes from between about .045 BTC and 10 BTC, and each time i paid around .0002BTC in transaction fees.  Each of my transaction received at least 3 confirmations within about 15 minutes.  I cannot recall any delay in receiving the transaction longer than 15 minutes in that set of transactions in the past month.

so yes, I agree, there currently does not seem to be any meaningful problem, and there seem to be several possibly consensus based solutions in the works...

Accordingly, I still have troubles understanding when the blocksize and/or scaling issues are presented as "an emergency."

[Andre#]

Using the 1MB limit to prevent centralization is like mangling your daughter's face to prevent her from being raped. It's an extremely high price to pay and it doesn't even work that well.

Its a tradeoff thats not necessary right now. Scaling roadmap is far better plan.

When blocksize increase is needed it will be done.

Gavin backed by coinbase and blockchain alliance are pushing inferior plan to remove the cyptherpunk element of bitcoin development.

It's a stalling roadmap and it was created by people who's skill set is programming and cryptography, not business and economics.  

Stalling roadmap? Stalling of what? block size increase? Ofcourse it is and thats good. Block size should only be increased when needed. We should try and 'stall' for as long as possible. It trades off decentralisation.

Block size should only be increased when needed.

There has been some incompetent economics coming out of Peter R and the classic camp. G Maxwell seems to have a much better understanding of economics.

Actually when it comes to economic understanding and crypto, I consider Nick Szabo as a thought leader. He is ofcourse very much against classic coup.

Of course. Central planning has proven to be the superior economic method. The free (not fee) market is so overrated.

[barbs]

I would like to see a proper, hold onto your hats, wtf is this, holy M"£)£IKJSADFer! crash - it has been a while !

[molecular]

Block size should only be increased when needed.

I agree.

The block size limit however should be removed alltogether.

[molecular]

I would like to see a proper, hold onto your hats, wtf is this, holy M"£)£IKJSADFer! crash - it has been a while !

crash?!?

hyperbole much?

[JayJuanGee]

  WTF 370 

this is weekend and every weekend price down some point
wait and see we will comeback to $380 then $390 then stable at $400
keep holding your bitcoin 

Yeah, but the quantity of volume in the past dump makes me wonder if we may drop into the mid to upper $360s before returning upwards?

We have all weekend, no?

[Master_dandosha]

No crash the price is swinging right now hope by tomorrow reach 410 $
good luck

[ChartBuddy]

Coin



Explanation

[Andre#]

Block size should only be increased when needed.

I agree.

The block size limit however should be removed alltogether.

People are conflating block size and block size limit so much, I've given up on it, I simply assume they are talking about the limit. 

[blunderer]

Block size should only be increased when needed.

I agree.

The block size limit however should be removed alltogether.

People are conflating block size and block size limit so much, I've given up on it, I simply assume they are talking about the limit. 

No, many really think that 2MB limit = 2MB blocks.

[valta4065]

  WTF 370 

this is weekend and every weekend price down some point
wait and see we will comeback to $380 then $390 then stable at $400
keep holding your bitcoin 

Yeah, but the quantity of volume in the past dump makes me wonder if we may drop into the mid to upper $360s before returning upwards?

We have all weekend, no?

Is it true that there is always a drop point in weekends? Never looked at that...

Gonna investigate

[coins101]

Chinese New Year.  Time for an old Chinese proverb (I think this goes back to the Qin Dynasty):

Sell Bitcoin and go away.  Return refreshed and buy to the moon.

[valta4065]

Chinese New Year.  Time for an old Chinese proverb (I think this goes back to the Qin Dynasty):

Sell Bitcoin and go away.  Return refreshed and buy to the moon.

Wow, such deep, much sense, wow

[ChartBuddy]

Coin



Explanation

[nioc]

Here are some more FACTS for you:

After I made my last post I sent transaction to myself, confirmed no problems AS ALWAYS. About 4 min in-fact, you beauty. https://blockchain.info/tx-index/b907009f9ef1e20d9d8d983e2c72186230be91ccfaf742e68caa1b95eb675af8


Hearn, Gavin et al also confirmed as FUD spreading propagandists.


Block size increase is not needed now, when it will be needed it will be increased, the core roadmap is the best plan going forward.

Everything else is based on a FUD manufactured crisis.

In the last month, I've sent around 15 transactions of varying sizes from between about .045 BTC and 10 BTC, and each time i paid around .0002BTC in transaction fees.  Each of my transaction received at least 3 confirmations within about 15 minutes.  I cannot recall any delay in receiving the transaction longer than 15 minutes in that set of transactions in the past month.

so yes, I agree, there currently does not seem to be any meaningful problem, and there seem to be several possibly consensus based solutions in the works...

Accordingly, I still have troubles understanding when the blocksize and/or scaling issues are presented as "an emergency."

When the avg. blocktime is 10 minutes how does each of your transactions receive at least 3 confirmations within 15 minutes?

I use the recommended fee in my electrum wallet yet I have had bad luck getting my transactions included in the first block.  It oft times takes 3 blocks to get included, I seem to run into those empty blocks on a regular basis.

[Tzupy]

I would like to see a proper, hold onto your hats, wtf is this, holy M"£)£IKJSADFer! crash - it has been a while !

Patience, it will come... The market just needs some bad news as an excuse to start it.

[hdbuck]

Intel: Chips To Get Slower
http://qntra.net/2016/02/intel-chips-to-get-slower/

sry gavin