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

[ChartBuddy]

Coin



Explanation

[AlexGR]

Bitcoin is abdicating its first mover status as electronic cash by not allowing the consumer market to make general purchases. Others will gladly take its place and enjoy the liquidity.

Well:

https://www.paypal.com/webapps/mpp/merchant-fees

Have they killed general purchases?

They are doing 230 bn USD in annual transactions.

And somehow BTC's 0.01-0.05$ (depending priority) fees are a problem? For real?

[JayJuanGee]

Bitcoin is abdicating its first mover status as electronic cash by not allowing the consumer market to make general purchases. Others will gladly take its place and enjoy the liquidity.

That's it. I'm getting back into altcoins. Thanks Blockstream!!

Yeah.. .thanks Obama.   


By the way, which possible alts are you gonna try out?  I may follow your lead... because this bitcoin governance is just bullshit and seems to be taking way too long in causing bitcoin to become the dominant world currency...

We gotta just figure out to which coyn are we gonna go? 


There are nearly 700 choices, but I am sure any of them would be better than this bitcoin crap.

I was thinking about LIQUID coin... .. At least the name seems to be heading in the right direction.


http://coinmarketcap.com/assets/liquid/



However, if you have a better choice, I will consider that, too.. I'm flexible like that.        

I'm looking for another coin with secret meetings where the plan is to fake consensus to secure a miner's long position. Got anything like that?

I looked for Masonic coyn, but they don't seem to have one yet. Maybe we can check with Bruce to see if he knows?  I'm not very smart about those things, so I'd rather just follow what you smarter people think.

[JayJuanGee]

Bitcoin is abdicating its first mover status as electronic cash by not allowing the consumer market to make general purchases. Others will gladly take its place and enjoy the liquidity.

That's it. I'm getting back into altcoins. Thanks Blockstream!!

Yeah.. .thanks Obama.   


By the way, which possible alts are you gonna try out?  I may follow your lead... because this bitcoin governance is just bullshit and seems to be taking way too long in causing bitcoin to become the dominant world currency...

We gotta just figure out to which coyn are we gonna go? 


There are nearly 700 choices, but I am sure any of them would be better than this bitcoin crap.

I was thinking about LIQUID coin... .. At least the name seems to be heading in the right direction.


http://coinmarketcap.com/assets/liquid/



However, if you have a better choice, I will consider that, too.. I'm flexible like that.        

Don't hesitate to PM me if you've got a good candidate.

Honestly I'm more and more doubtful about btc future.

Yeah. The blocks have been  like 80% or more full for days, and I did a nearly 3btc transaction today it cost me fricken $.04, and took nearly 2 fucking hours to confirm.

You know I could have used something else that's better. I'm sure there's gotta be something that will give more comfort. We just gotta find it.

[valta4065]

Bitcoin is abdicating its first mover status as electronic cash by not allowing the consumer market to make general purchases. Others will gladly take its place and enjoy the liquidity.

That's it. I'm getting back into altcoins. Thanks Blockstream!!

Yeah.. .thanks Obama.   


By the way, which possible alts are you gonna try out?  I may follow your lead... because this bitcoin governance is just bullshit and seems to be taking way too long in causing bitcoin to become the dominant world currency...

We gotta just figure out to which coyn are we gonna go? 


There are nearly 700 choices, but I am sure any of them would be better than this bitcoin crap.

I was thinking about LIQUID coin... .. At least the name seems to be heading in the right direction.


http://coinmarketcap.com/assets/liquid/



However, if you have a better choice, I will consider that, too.. I'm flexible like that.        

Don't hesitate to PM me if you've got a good candidate.

Honestly I'm more and more doubtful about btc future.

Yeah. The blocks have been  like 80% or more full for days, and I did a nearly 3btc transaction today it cost me fricken $.04, and took nearly 2 fucking hours to confirm.

You know I could have used something else that's better. I'm sure there's gotta be something that will give more comfort. We just gotta find it.

Damn... You do realize it's nearly 0.0004% transaction fee???

Scandalous!

[BayAreaCoins]

Well I bought a metric fuckton of futures in the low $430's/high $420's

See yall in the morning.

We're bleeding but I think you did the right thing at this point. That was an interesting all-in point I must say but we going back up in a large part.

I had it in my head since a few days ago on a solid long + a solid short... going for a hat trick this week.

I wouldn't be overly shocked to see $450's in the near future.

Opened a few shorts and off to bed.

Might be a shit show if there is a dip going into Monday.

Should have a nice buy back in the low $430s. (OKCoin futures)

If I get pwned I get pwned, but someone is buying a shit ton of quarterly futures on OKCoin atm.  

$1,000,000 worth are in the process of getting swapped around @ $428.  $400,000 remaining.

you'll be sweet ... buying in on the classic big-block capitulation point looks like a winning trade to me.

Futures wall eaten.  Looking better

[ChartBuddy]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[marcus_of_augustus]

https://bitcointalk.org/index.php?topic=1382884.0

small heads up for anyone thinking of shorting ... i'm getting a bit of 'bolt from the blue' scaling solutions vibe that has been building up recently, not just this paper but there has been some interesting novel approaches increasingly out of left field, only a naive pessimist would suggest upgrading bitcoin's capacity is an intractable problem, be careful what you wish for.

[BldSwtTrs]

Bitcoin is abdicating its first mover status as electronic cash by not allowing the consumer market to make general purchases. Others will gladly take its place and enjoy the liquidity.

Well:

https://www.paypal.com/webapps/mpp/merchant-fees

Have they killed general purchases?

They are doing 230 bn USD in annual transactions.

And somehow BTC's 0.01-0.05$ (depending priority) fees are a problem? For real?

That's just no just fees, the big problem is the delays.

This morning I did a transaction which is now stuck somewhere in the Internet. Too bad, that was urgent. For my next transactional need I won't use Bitcoin which is now unreliable, but some other altcoins.

Congratulations, huge retards small blockists, you are killing Bitcoin. That what you wanted all along, isn't it?

[BayAreaCoins]

https://bitcointalk.org/index.php?topic=1382884.0

small heads up for anyone thinking of shorting ... i'm getting a bit of 'bolt from the blue' scaling solutions vibe that has been building up recently, not just this paper but there has been some interesting novel approaches increasingly out of left field, only a naive pessimist would suggest upgrading bitcoin's capacity is an intractable problem, be careful what you wish for.

[stoat]

Polite suggestion....

[ChartBuddy]

Coin



Explanation

[Fatman3001]

People are still mainly paying 0.0001 in fees. Big and small.

They haven't heard about the fee market. Stuff just doesn't work properly.

When will this retarded experiment end....

[BlindMayorBitcorn]

People are still mainly paying 0.0001 in fees. Big and small.

They haven't heard about the fee market. Stuff just doesn't work properly.

When will this retarded experiment end....

What's that got to do with ETH tho?

[valta4065]

People are still mainly paying 0.0001 in fees. Big and small.

They haven't heard about the fee market. Stuff just doesn't work properly.

When will this retarded experiment end....

What's your solution though?

Bigger blocks aren't a solution. We'd have to rise the size of the block every 6 months. It wouldn't be sustainable.

[Fatman3001]

People are still mainly paying 0.0001 in fees. Big and small.

They haven't heard about the fee market. Stuff just doesn't work properly.

When will this retarded experiment end....

What's your solution though?

Bigger blocks aren't a solution. We'd have to rise the size of the block every 6 months. It wouldn't be sustainable.

That's not true.

Can't explain. Number of fucks given rapidly approaching zero.

[Fatman3001]

People are still mainly paying 0.0001 in fees. Big and small.

They haven't heard about the fee market. Stuff just doesn't work properly.

When will this retarded experiment end....

What's that got to do with ETH tho?

Gravity should take care of eth soon. But it won't help BTC much. All the traders who's been waiting for the pre-halving pump are stuck in traffic.

[mainpmf]

That's not true.

Can't explain. Number of fucks given rapidly approaching zero.

Hmm... From what I know scaling bitcoin on the number of visa tx for example would need blocks of 80GB.
If you do it simply by rising block size.

Anyway zero fuck given won't convince people

[Fatman3001]

That's not true.

Can't explain. Number of fucks given rapidly approaching zero.

Hmm... From what I know scaling bitcoin on the number of visa tx for example would need blocks of 80GB.
If you do it simply by rising block size.

Anyway zero fuck given won't convince people

Will people get their heads out of their asses and stop talking about VISA and coffee cups. You can't buy anything with Bitcoin, so neither should be a problem.

It's about making sure the darn thing works. NOW!