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

[adamstgBit]

lets try again

today i will pay 2 cents....

https://blockchain.info/address/15dSfgqNSAaiTPFtR7jEupen8QYudqdGc3

Estimated Confirmation Time   Within 6 Blocks

6 blocks = 1hour!

1 HOUR!

lol, still waiting for confirms  

we'll check it again, in a few hours.

[AlexGR]

lets try again

today i will pay 2 cents....

https://blockchain.info/address/15dSfgqNSAaiTPFtR7jEupen8QYudqdGc3

Estimated Confirmation Time   Within 6 Blocks

6 blocks = 1hour!

1 HOUR!

Well.... with fees like:

Fees   0.000038 BTC (0.0015 USD)

...you can wait a bit.

[adamstgBit]

lets try again

today i will pay 2 cents....

https://blockchain.info/address/15dSfgqNSAaiTPFtR7jEupen8QYudqdGc3

Estimated Confirmation Time   Within 6 Blocks

6 blocks = 1hour!

1 HOUR!

Well.... with fees like:

Fees   0.000038 BTC (0.0015 USD)

...you can wait a bit.

blockchain.info says its 2cents

[adamstgBit]

ok it got confirmed

today is a good day to send bitcoins around!

[AlexGR]

lets try again

today i will pay 2 cents....

https://blockchain.info/address/15dSfgqNSAaiTPFtR7jEupen8QYudqdGc3

Estimated Confirmation Time   Within 6 Blocks

6 blocks = 1hour!

1 HOUR!

Well.... with fees like:

Fees   0.000038 BTC (0.0015 USD)

...you can wait a bit.

blockchain.info says its 2cents

Sorry I put an extra zero into it. It's 0.015 USD or one and a half cent. Or 0.0152 to be more precise (0.000038 x 400 = 0.0152).

Blockchain info is rounding it upwards.

In any case: Included In Blocks   401314 ( 2016-03-05 19:44:41 + 31 minutes )

2 blocks to get included for a 1.5 cent fee. This is the spammers dream.

ok it got confirmed

today is a good day to send bitcoins around!

Every day is a good day to send bitcoins, as long as you pay the fee appropriate for the speed you need.

[adamstgBit]

[ChartBuddy]

Coin



Explanation

[billyjoeallen]

28 million in leveraged longs on BFX. Shorts barely changed.  This is a dangerously unstable situation.  Every one of those longs have to close at some point, either at a profit or a loss. It amounts to massive overhead resistance.

Where the hell is the pump gonna come from? Halving is priced in. SegWit is priced in even though it may not happen or happen on a longer time frame than expected.  Global economic stability? Bitcoin lost 5% in a day, hardly a safe haven asset, especially given the current governance situation.

Bitcoin is a honeybadger, so price may go up, but if it does, it will be in spite of fundamentals, not because of them.  There can be no sustainable rise without a permanent scaling solution.

[Dotto]

Monero, ETH and Maid are not in a pump and dump phase, they are just growing to next level. Im like 20 days waiting for a retracement to enter but no way... I really want to hear your thoughts to this issue, from a BTC wall observer point of view, as pure eth/maid threadt would be too biased and eco chambered to his own coins.

The big/small blockers debate is totally burnout and 2014-15, lets move, evolve, adapt and grow

The ecosystem was always right on track for a new bubble. Despite my expectation, it just won't happen in Bitcoin. I am expecting the ecosystem to be worth 45+ billion at the years end. Bitcoin may be worth 5 to 15 billion then.

We will see winners and losers. There will be drama ahead.

I pretty much agree with your views. I will also see LTC falling steadily into oblivion, the trend seems solid. Of the new coins what are your faves?

[adamstgBit]

28 million in leveraged longs on BFX. Shorts barely changed.  This is a dangerously unstable situation.  Every one of those longs have to close at some point, either at a profit or a loss. It amounts to massive overhead resistance.

Where the hell is the pump gonna come from? Halving is priced in. SegWit is priced in even though it may not happen or happen on a longer time frame than expected.  Global economic stability? Bitcoin lost 5% in a day, hardly a safe haven asset, especially given the current governance situation.

Bitcoin is a honeybadger, so price may go up, but if it does, it will be in spite of fundamentals, not because of them.  There can be no sustainable rise without a permanent scaling solution.

I do believe segwit is not priced in, if anything word of segwit causing forks on the testnet has poeple selling ( which is a silly reason to sell, nothing ever works perfectly first time around ) But segwit will likely be priced in way after the fact. I will be looking to sell when segwit is released, in fear of it causing a complete mess, after a few weeks of it working fine, and we really do get a 1.75X capacity increase from it. i will buy back.

if it causes a mess which devs need to clean up, i could see price half overnight, and with that the mining industry will crumble, and with that bitcoin will crumble. implementing thousands of lines of code, and asking other node oppeterater  ( blockchain.info wallets and the like ) to write some code to acomadate segwit, has HUGE downside risks, to much for me to just HODL and pray for the best.


but if we see segwit give us more then 50% capacity increase and then the 2MB HF is a go, we'll have 4X more block space this time next year, if we somehow manage to fill these 4X bigger blocks totally full again by this time next year I expect price to be at least double what it is now or at most 10x bubble like rise and crash. price has always been highly correlated with TX.

[ssmc2]

If you didn't get in at 382 you missed the bottom.

[Tzupy]

28 million in leveraged longs on BFX. Shorts barely changed.  This is a dangerously unstable situation.  Every one of those longs have to close at some point, either at a profit or a loss. It amounts to massive overhead resistance.

Where the hell is the pump gonna come from? Halving is priced in. SegWit is priced in even though it may not happen or happen on a longer time frame than expected.  Global economic stability? Bitcoin lost 5% in a day, hardly a safe haven asset, especially given the current governance situation.

Bitcoin is a honeybadger, so price may go up, but if it does, it will be in spite of fundamentals, not because of them.  There can be no sustainable rise without a permanent scaling solution.

The most important part is that 8 M$ are new longs opened since 21st February, when price was 450$, so they are underwater now, and more down could trigger a long squeeze.

[adamstgBit]

28 million in leveraged longs on BFX. Shorts barely changed.  This is a dangerously unstable situation.  Every one of those longs have to close at some point, either at a profit or a loss. It amounts to massive overhead resistance.

Where the hell is the pump gonna come from? Halving is priced in. SegWit is priced in even though it may not happen or happen on a longer time frame than expected.  Global economic stability? Bitcoin lost 5% in a day, hardly a safe haven asset, especially given the current governance situation.

Bitcoin is a honeybadger, so price may go up, but if it does, it will be in spite of fundamentals, not because of them.  There can be no sustainable rise without a permanent scaling solution.

The most important part is that 8 M$ are new longs opened since 21st February, when price was 450$, so they are underwater now, and more down could trigger a long squeeze.

if Manipulators were thinking of squeezing longs they need to do it before segwit ( May )
after segwit's smooth release and subsequent >50% capacity increase, the bull market will be impossible to fuck with.

[adamstgBit]

If you didn't get in at 382 you missed the bottom.

and if are trading on bitfinex your shit out of luck ( "bottom" was 390 at bitfinex )

[smracer]

Hopefully all the weak hands are gone now and we don't need to go to 366.

[8up]

Monero, ETH and Maid are not in a pump and dump phase, they are just growing to next level. Im like 20 days waiting for a retracement to enter but no way... I really want to hear your thoughts to this issue, from a BTC wall observer point of view, as pure eth/maid threadt would be too biased and eco chambered to his own coins.

The big/small blockers debate is totally burnout and 2014-15, lets move, evolve, adapt and grow

The ecosystem was always right on track for a new bubble. Despite my expectation, it just won't happen in Bitcoin. I am expecting the ecosystem to be worth 45+ billion at the years end. Bitcoin may be worth 5 to 15 billion then.

We will see winners and losers. There will be drama ahead.

I pretty much agree with your views. I will also see LTC falling steadily into oblivion, the trend seems solid. Of the new coins what are your faves?

I hold ETH and XMR. Thinking of selling ETH, though. And looking for a better re-entry point.

[billyjoeallen]

28 million in leveraged longs on BFX. Shorts barely changed.  This is a dangerously unstable situation.  Every one of those longs have to close at some point, either at a profit or a loss. It amounts to massive overhead resistance.

Where the hell is the pump gonna come from? Halving is priced in. SegWit is priced in even though it may not happen or happen on a longer time frame than expected.  Global economic stability? Bitcoin lost 5% in a day, hardly a safe haven asset, especially given the current governance situation.

Bitcoin is a honeybadger, so price may go up, but if it does, it will be in spite of fundamentals, not because of them.  There can be no sustainable rise without a permanent scaling solution.

The most important part is that 8 M$ are new longs opened since 21st February, when price was 450$, so they are underwater now, and more down could trigger a long squeeze.

I noticed that.  One thing I do notice is that since the great 2013 bubble, there has never been two consecutive short squeezes or long squeezes. They ALWAYS happen short, long, short, long. The last one was the short squeeze to $502.  The longs are due.  Still, patterns continue until they don't. 

[MinermanNC]

ETH, EXP (the Litecoin of ETH) and Sia..... Both invest in and mining   Monero a steady Eddie  


Sell ETH high pick up some of the other perhaps

Of course pick up some BTC at these low prices lol

[ChartBuddy]

Coin



Explanation

[BlackSpidy]

If you didn't get in at 382 you missed the bottom.

and if are trading on bitfinex your shit out of luck ( "bottom" was 390 at bitfinex )

I managed to catch that on bitfinex. So, how long did it take to confirm the transaction with a 2 cent fee?