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

[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 )

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

~30mins
and the fee was 0.015$ US
i'm canadian so i couldn't calculate the fee properly.
I do believe everything will hodl together until segwit.

[Fatman3001]

i'm canadian so i couldn't calculate the fee properly.

Let me guess, you're going to blame the metric system?

[adamstgBit]

i'm canadian so i couldn't calculate the fee properly.

Let me guess, you're going to blame the metric system?

yes i wanted to throw my bitcoin 4 meters high, but it only went 4 feet.

[Harpua]

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?

LTC falls into the same category as doge and the other copy and paste type of coins.  ETH and Monero (and maybe Maid) are the only coins out there on the market that really fix issues that Bitcoin can't solve.  

While ETH is a completely different animal, in that it is a sort of recreation of the cloud platform used by Microsoft; Monero gives users a whole bunch of new features that other coins can't do using the cryptonote protocol.  I can already hear some DASH supporters screaming at their computer screens right now when reading this... but the fact of the matter is that Monero does what DASH does without the premine and doesn't require masternodes where people who invested early on can inevitably control everything.

Monero also has a solutions to the block size debate where they use dynamic blocksizes... this type of solution is a critical factor of why monero is better in general, in that there will be no politics in trying to figure out what block size is the best... because in all reality, you can't predict how many transactions there are going to be in the future and so it should change as it is needed.

It just seems that Monero fixes a lot, if not all, of the problems bitcoin is facing.

[adamstgBit]

ETH scales? better buy all the ETH

[arklan]

so much for all that "we have consensus" bull, eh? sigh.

[adamstgBit]

so much for all that "we have consensus" bull, eh? sigh.

its not as bad as it seems

so coinbase is still making noise...  they will stfu when segwit delivers >50% capacity increase in may.

[iCEBREAKER]

Core has a scaling roadmap to make bitcoin scale far beyond what is capable with block increases. Who told you that they consider scaling a bad thing or that a fee market is their first priority?

With fees at 0.00$ to 0.05$, being ~1% of the block reward, there is no meaningful fee market to discuss about. There is definitely a mechanism where you can bypass the queue by a higher fee, and in this sense it is a market, but the volume of this market is so tiny that it doesn't even register compared to what subsidy does. Miners could be mining empty blocks and it wouldn't affect their pocket negatively. That's how insignificant it is.

If devs push for highers fees => "ohhh those fuckers want to exclude the poor guy"
If devs allow for more space/tx abundance at near-zero fees => "ohhh they are idiots, this attracts attacks, it can't work for the long-term sustainability of bitcoin and bitcoin mining" etc etc.
If devs don't interefere => "oh they are sitting on their ass doing nothing and their incompetence has created these problems"

Whatever they do, either way, or whatever they don't do, you can find a reason to attack them. This type of thinking can be evidenced by writings such as BillyJoe's who, a few months ago, was saying "ohhh I don't want to pay higher fees, I bought my right to transact when I bought my coins" and then, when commenting on the Lightning network, he was spreading FUD about how will the miners get paid if the LN can do so many transactions at low fees, and that miners should get more fees, otherwise bitcoin will be in problem etc etc.

Whatever the situation => you can use it to attack the devs. And this is happening all day.

Low fees? Fuck the devs.
High fees? Fuck the devs.
The devs are staying out of the argument? Fuck the devs again.

Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs

...all day long...

Why?

Because the issues here are not technical. They have the facade of technical disagreements but at their root, they are a way to undermine confidence and promote a governance coup.

{Applause.gif}

Don't forget:
Devs communicate?  Fuck them for manipulating public opinion.
Devs don't communicate?  Fuck them for ignoring human dignity.

Let's make a list of everyone who has been here long enough to know better, but is nevertheless pushing the false "ZOMG SEGWIT CAUSES CHAIN FORKZ!11!!" narrative in yet another attempt to manufacture panic.

And then you have people like HostFat, who tell people to boycott Core/Blockstream/theymos yet still runs their code and posts on their forums.

[iCEBREAKER]

HOPEFULLY they can get segwit going in time

Anyone bothered to look into that accidental HF it caused on the testnet?

"This is was because people were running old code on testnet. This is a unique issue to testnet since code running there is still in flux. Making consensus breaking changes on testnet is fine. That's what it's for."

https://www.reddit.com/r/Bitcoin/comments/48yz3d/segwit_forked_unexpectedly_on_testnet/d0nw7kb

[adamstgBit]

if Core really can deliver segwit and later 2MB alongside a clean / simple to use LN, then they will have done it.

i just have a hard time believing they can make LN useable.

And i find it crazy for them to delay the increase, hurting bitcoin's growth, while banking on unproven tech.

[iCEBREAKER]

holy shit wtf is going on?

https://medium.com/@barmstrong/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf#.pscurkusv

Armstrong speaks --> price retreats

[ChartBuddy]

Coin



Explanation

[bitebits]

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!

Don't worry Adam, "there won't be much competition":
https://www.youtube.com/watch?v=CPiGv7LpRBY&feature=youtu.be&t=127

(News report from 1981 about the Internet)

[bankingbtc]

Coin



Explanation

the price keeps on falling, i hope that soon everything will change and the price will rocket to the sky, also i guess that ethereum price rise is just some kind of a pump and bitcoin is the only crypto that has the bright future

[adamstgBit]

holy shit wtf is going on?

https://medium.com/@barmstrong/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf#.pscurkusv

Armstrong speaks --> price retreats

yes i do believe this is the reason behind price dropping
there appears to be much disagreement still, and this has poeple on edge...
Armstrong wants 2MB now and segwit later, Core wants segwit now and 2MB later.
it seems silly to push the issues so much on a disagreement about the time frame in which these changes will be rolled out.
besides it's been speculated that activating a HF will take longer then releasing segwit's soft fork.
so in a way cores road map is the fastest root to getting more blocksapce ( if they are able to deliver segwit on time... )

[arklan]

Coin



Explanation

the price keeps on falling, i hope that soon everything will change and the price will rocket to the sky, also i guess that ethereum price rise is just some kind of a pump and bitcoin is the only crypto that has the bright future

actually, it seems as though the most recent drop is over and the price is actually climbing again. looking at the 1 hour stamp chart, it's been averaging an increase the past few hours.

[aminorex]

i'm canadian so i couldn't calculate the fee properly.

You're making my sides hurt dude.

[BlindMayorBitcorn]

We need unanimous consensus with this fucking idiot!?!?!?!?!?!?!?!?!?!

Geeeez!!! I can't believe I invested money in this shit!!! GOD DAMN!!!!

He's never concealed who or what turns him. We've all got our wee idiosyncrasies.

Wee?

One of the two devs at the wheel of this shitshow has renounced science!

To be fair, I doubt he's renounced all of science. Just the last 5 or 6 centuries, probably. The bunk ages.

[Patel]

Core has a scaling roadmap to make bitcoin scale far beyond what is capable with block increases. Who told you that they consider scaling a bad thing or that a fee market is their first priority?

With fees at 0.00$ to 0.05$, being ~1% of the block reward, there is no meaningful fee market to discuss about. There is definitely a mechanism where you can bypass the queue by a higher fee, and in this sense it is a market, but the volume of this market is so tiny that it doesn't even register compared to what subsidy does. Miners could be mining empty blocks and it wouldn't affect their pocket negatively. That's how insignificant it is.

If devs push for highers fees => "ohhh those fuckers want to exclude the poor guy"
If devs allow for more space/tx abundance at near-zero fees => "ohhh they are idiots, this attracts attacks, it can't work for the long-term sustainability of bitcoin and bitcoin mining" etc etc.
If devs don't interefere => "oh they are sitting on their ass doing nothing and their incompetence has created these problems"

Whatever they do, either way, or whatever they don't do, you can find a reason to attack them. This type of thinking can be evidenced by writings such as BillyJoe's who, a few months ago, was saying "ohhh I don't want to pay higher fees, I bought my right to transact when I bought my coins" and then, when commenting on the Lightning network, he was spreading FUD about how will the miners get paid if the LN can do so many transactions at low fees, and that miners should get more fees, otherwise bitcoin will be in problem etc etc.

Whatever the situation => you can use it to attack the devs. And this is happening all day.

Low fees? Fuck the devs.
High fees? Fuck the devs.
The devs are staying out of the argument? Fuck the devs again.

Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs, Fuck the devs

...all day long...

Why?

Because the issues here are not technical. They have the facade of technical disagreements but at their root, they are a way to undermine confidence and promote a governance coup.

{Applause.gif}

Don't forget:
Devs communicate?  Fuck them for manipulating public opinion.
Devs don't communicate?  Fuck them for ignoring human dignity.

Let's make a list of everyone who has been here long enough to know better, but is nevertheless pushing the false "ZOMG SEGWIT CAUSES CHAIN FORKZ!11!!" narrative in yet another attempt to manufacture panic.

And then you have people like HostFat, who tell people to boycott Core/Blockstream/theymos yet still runs their code and posts on their forums.

[JayJuanGee]

but you can always fork off and play with eth dapps derps.

ETH: Price > 10x in 2 months
BTC: Keeps tanking, predictably

Man, you must feel AWFUL

Yes.  Factually, ETH did 10X in 2 months...   but bitcoin did not tank.  It is relatively flat in two months within a range of about $352 to $450... and currently within about the middle of that range..

Not exactly "tanking" and not exactly in any kind of "predictable" manner because there have been  some fairly decent ups and downs in the past couple of months in bitcoinlandia.