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

[ImI]

choo chooo

[soullyG]

Say goodbye to the $300s people

[600watt]

coming soon to an exchange near you:

[solitude]

Ethereum fags selling their pump n dump shitcoin for the one and only crypto coin, Bitcoin



Autist Vitalik on suicide watch.

[QuestionAuthority]

Ethereum fags selling their pump n dump shitcoin for the one and only crypto coin, Bitcoin



Autist Vitalik on suicide watch.

That is some seriously funny shit. LOL

[Alley]

Finally some volume.

[yefi]

Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.

The Chinese will stick with Core, they are quite conservative with respect to leadership. I'd be surprised to see Core implement 2MB blocks in addition to segregated witness, but we'll see.

And so long, farewell, auf wiedersehen 300s!

[ImI]

Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.

The Chinese will stick with Core, they are quite conservative with respect to leadership. I'd be surprised to see Core implement 2MB blocks in addition to segregated witness, but we'll see.

And so long, farewell, auf wiedersehen 300s!

chinese are pushing for 2MB HF, core already hinted compromise. spoken word is HF in early 2017 with several other HF implementations as well.

[Yakamoto]

Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.

The Chinese will stick with Core, they are quite conservative with respect to leadership. I'd be surprised to see Core implement 2MB blocks in addition to segregated witness, but we'll see.

And so long, farewell, auf wiedersehen 300s!

I'm actually pleasantly surprised with the steady price increase recently. Does anyone know the reasoning behind the increase? Does it have anything to do with the lack of users moving to classic or something, and now that the investors see that, they're buying again?

Or has Classic caused the increase as more users flock to it?

[ImI]

Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.

The Chinese will stick with Core, they are quite conservative with respect to leadership. I'd be surprised to see Core implement 2MB blocks in addition to segregated witness, but we'll see.

And so long, farewell, auf wiedersehen 300s!

I'm actually pleasantly surprised with the steady price increase recently. Does anyone know the reasoning behind the increase? Does it have anything to do with the lack of users moving to classic or something, and now that the investors see that, they're buying again?

Or has Classic caused the increase as more users flock to it?

i think thats the reason. miners are hesitant and so a contentious HF is for the moment highly unlikely. 95% HF in 2017 is therefore highly likely.

[ChartBuddy]

Coin



Explanation

[aminorex]

We tried a long term fix but you smallblockers killed it. Now you are criticizing us for trying to do what we can? FUCK YOU!  It's not false posturing. SOMEBODY is buying Monero.

Been doing that for a long time, in fact.

[gentlemand]

We tried a long term fix but you smallblockers killed it. Now you are criticizing us for trying to do what we can? FUCK YOU!  It's not false posturing. SOMEBODY is buying Monero.

Insert latest alt to thicken and engorge - blame small blocks.

Wait until next alt stiffens - blame small blocks.

Er, no big alts are rising. Scrabble around and find a 30% rise on GreasyTitWankCoin with a $12 daily volume - blame small blocks.

[JayJuanGee]

Finally some volume.

5 out of the past 7 weeks have had relatively low volume, and that includes this week.

I mean, really, we have a bit of an upward movement in price, but that upward move, so far, has not been coming with any considerable and/or meaningful increases in volume.

Now, on the other hand, if the price continues to increase and we begin to see some increase in volume, then we will possibly begin to see some price direction.

I am a bit suspicious, however, of the weekend, and if we really can experience anything greater than a 2-5% (seemingly upward) change in the price based on the current situation and the extended period that the price has been in the upper $300's price territory.

If we begin to see volumes of 15k coins for 2 or 3 days in a row on bitstamp, then I will start to consider that volume may be going up, and with higher volume we got a bit of a better sense which direction we are going to be going (maybe up), and if the price is going to be able to stay up.

If we do not experience the higher volume, then it seems that any whale can perform a 1,000-5,000 k dump on stamp and potentially completely stop or reverse an upward price movement.

[billyjoeallen]

We're already seeing blocks fill up on this pump. I'm curious as to how a rally can be sustained when confirmation times take hours.

[JayJuanGee]

Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.

The Chinese will stick with Core, they are quite conservative with respect to leadership. I'd be surprised to see Core implement 2MB blocks in addition to segregated witness, but we'll see.

And so long, farewell, auf wiedersehen 300s!

I'm actually pleasantly surprised with the steady price increase recently. Does anyone know the reasoning behind the increase? Does it have anything to do with the lack of users moving to classic or something, and now that the investors see that, they're buying again?

Or has Classic caused the increase as more users flock to it?

i think thats the reason. miners are hesitant and so a contentious HF is for the moment highly unlikely. 95% HF in 2017 is therefore highly likely.

@ImI:  Why do you keep framing the issue as if a hard fork is inevitable?  Why is a hardfork needed in the first place?  I think that threatening and even engaging in action to employ a hard fork is what causes so much contentious behavior from a large number of persons who become more entrenched in their positions because the solution is framed as being a hardfork.

There seems to be no reason for a hardfork, except one that strives to fundamentally change bitcoin's currently existing consensus based governance mechanism. 

[ImI]

We're already seeing blocks fill up on this pump. I'm curious as to how a rally can be sustained when confirmation times take hours.

the question is: will confirmation times for bigger transactions (lets say 100$+) really take longer? i mean if i want to transfer for example 5 BTC to an exchange i just make the fee 3$ or whatever and that's it!

the only TXs that will really suffer are the small and micro ones.

[aztecminer]

... you can definitely bet that there is going to be an upswing in the value of Bitcoin over the next few days, especially considering that there's already been a steady increase happening.

They'll probably just buy ETH and Monero, because doing amazingly well & safe investment -- no civil war (unlike bitcoins)

why buy something that is not only broken (cant scale), the programmers talk about a fix for NINE MONTHS and nada happens except more talk and more pumps... and we can expect this nonsense everyime something happens....... #GimpedCoin           ..................... instead, can buy gold and silver that doesnt have all the drawbacks of bitcoin as a REAL safe haven............. instead of this phony #GimpCoined safe heaven. what a joke.

[ImI]

Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.

The Chinese will stick with Core, they are quite conservative with respect to leadership. I'd be surprised to see Core implement 2MB blocks in addition to segregated witness, but we'll see.

And so long, farewell, auf wiedersehen 300s!

I'm actually pleasantly surprised with the steady price increase recently. Does anyone know the reasoning behind the increase? Does it have anything to do with the lack of users moving to classic or something, and now that the investors see that, they're buying again?

Or has Classic caused the increase as more users flock to it?

i think thats the reason. miners are hesitant and so a contentious HF is for the moment highly unlikely. 95% HF in 2017 is therefore highly likely.

@ImI:  Why do you keep framing the issue as if a hard fork is inevitable?  Why is a hardfork needed in the first place?  I think that threatening and even engaging in action to employ a hard fork is what causes so much contentious behavior from a large number of persons who become more entrenched in their positions because the solution is framed as being a hardfork.

There seems to be no reason for a hardfork, except one that strives to fundamentally change bitcoin's currently existing consensus based governance mechanism. 

afaik (chinese) miners are determined to HF to 2MB. so i dont see is as "inevitable" but i expect it to happen.

[aztecminer]

Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.

It isn't hard to see a perfect storm for bitcoin during times of further turbulence in the major markets, where negative rates are being introduced in Western economies as central bankers start to lose control. Previously there has been a hunt for return and yield with QE and cheap money post 2008 being used by banks to bid up stock markets and levitate asset prices. ZIRP has turned everyone into a speculator with cash offering negative returns and the markets looking crash prone now bitcoin may start to look mighty attractive as an asset class in the coming months with it's unique monetary properties.

How many times have we heard this before. "Oh, Bitcoin's fix is just around the corner. It's already in the works. It's just as if it has already happened."

Time after time we think it's over only to turn around and find out we haven't gotten ANYWHERE. XT, Classic, Core Roadmap....  

All that has happened is that some miners sent a letter to Core saying they don't want any trouble, they just want a time frame on the hard fork. Why would Core listen to them any more than us?  Core knows that these guys will avoid a contentious hard fork like the plague and so they can be ignored with impunity.  

Core guys say "fuck you" to Gavin, Mike, Jeff, Coinbase, Bitpay, Bitstamp, The Winklevi, us, etc but they are supposed to just cave immediately to some Chinese miners who have more to lose in a fight than anybody else?  Does core have a history of being responsive to stakeholder concerns?

Dream on. It ain't fixed until it's fixed.  Until then, holding is risky, selling is prudent and buying is just plain naive.

yep +1.. bitcoin has become a desperately manipulated pumped pumped joke.. they have to keep it pumped or this thing would sink like a rock from its failures to troubleshoot problems in a timely matter ... if it ever really gets fixed... the fix might break something else.. we dont know yet cuz we cant even get there.. only thing they do is TALK about what they are going to do .. they been talking about the fix is right around the corner for NINE MONTHS .. while they desperately keep it pumped... only uninformed idiots would choose this as a safe haven over gold and silver atm .... which is why as janet yellen starts throwing around the idea of negative interest rates like it is some kind of ammo, the smart people we see through her desperation and start piling into REAL safe havens of gold and silver like they did this last week .......... #GimpedCoin