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

[DaRude]

Just shaking out the weak hands. 

Some serious shaking going on

[beastmodeBiscuitGravy]

Just shaking out the weak hands. 

Some serious shaking going on

Oy vey!

[bargainbin]

Don't worry everyone, you still got me...

[yefi]

That said, I'm all over ABP (& AB before that, and HOSTS file before that). Because no scruples. Shut it off on sites that I like.

[adamstgBit]

Bitcoin stable, ETH about to crash hard (I hope so).
Moved funds to exchange, hoping to catch a falling ethereal knife.

i'm targeting like 0.009.

i guess we'll see a bunch of waves up and down before then, but 0.009-0.007 seems safe to me.

[bargainbin]

End of an era.
Wall Observer thread falls off the first page; MMM Republic of Bitcoin folds
https://www.reddit.com/r/Bitcoin/comments/4dz1h7/bitcoin_mmm_ponzi_shuts_down/

I'd like to remind everyone that in these trying times, I am with you.

I won't abandon you, Gentlemen.

[billyjoeallen]

The HK CRTA said specifically that we were supposed to get SegWit this month. Where the hell is it? What will happen to the price if it is delayed?

Blocks are full. We need relief now! The TA is suggesting that we could have a huge rally if the network was able to handle the extra traffic.

[BitUsher]

The HK CRTA said specifically that we were supposed to get SegWit this month. Where the hell is it? What will happen to the price if it is delayed?

Blocks are full. We need relief now! The TA is suggesting that we could have a huge rally if the network was able to handle the extra traffic.

Now we see your true motivation ... Short term profits instead of concerns for the security or testing within segwit.

To answer your question -
Large blocks are already being created in segnet -
https://segnet.smartbit.com.au/block/0000008dfef05aa2924f65f3423de9875005a9107ff1c963c6c35f929b32ff0e

Segwit will likely be deployed later this month or early may. You have to understand that Core developers care more about testing and security than your short term price rallies.

Also to set your expectations , segwit will be activated with versionbits with a 95% threshold , so don't expect activation before june at the earliest(More likely early july) . This may also be delayed further because many BU and classic supporters are suggesting blocking segwit (against their principles of immediate scaling now) in retribution with 5-6% Classic hashing power.

Deal with it or contribute to development instead of whining incessantly.

P.S... We currently don't have Garzik's fee market event where we have 2 weeks of full blocks. I see plenty of partially filled blocks this past week so your anxiety over having to pay 2-5 more pennies per tx is unwarranted.

OMG!!!

For the median transaction size of 226 bytes, this results in a fee of 6,780 satoshis (0.02$). https://bitcoinfees.21.co/

2 penny tx to get in the next block ! The world must be coming to the end chicken little!

[bargainbin]

... Segwit will likely be deployed later this month or early may. ...

That's longhand for "In Two Weeks^TM," correct?

[Fatman3001]

The HK CRTA said specifically that we were supposed to get SegWit this month. Where the hell is it? What will happen to the price if it is delayed?

Blocks are full. We need relief now! The TA is suggesting that we could have a huge rally if the network was able to handle the extra traffic.

Now we see your true motivation ... Short term profits instead of concerns for the security or testing within segwit.

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

...I know, it's a conspiracy.

To answer your question -
Large blocks are already being created in segnet -
https://segnet.smartbit.com.au/block/0000008dfef05aa2924f65f3423de9875005a9107ff1c963c6c35f929b32ff0e

Segwit will likely be deployed later this month or early may. You have to understand that Core developers care more about testing and security than your short term price rallies.

That might explain the last couple of months, what about the three years before that?

Also to set your expectations , segwit will be activated with versionbits with a 95% threshold , so don't expect activation before june at the earliest(More likely early july) . This may also be delayed further because many BU and classic supporters are suggesting blocking segwit (against their principles of immediate scaling now) in retribution with 5-6% Classic hashing power.

Well, Bitcoin is not just your technological plaything. People have real money in this thing, and if you fuck with peoples money they might want to fuck with you back.

Deal with it or contribute to development instead of whining incessantly.

EZ, BIP101

That's the solution. Deal with it and stop whining.

P.S... We currently don't have Garzik's fee market event where we have 2 weeks of full blocks. I see plenty of partially filled blocks this past week so your anxiety over having to pay 2-5 more pennies per tx is unwarranted.

Good for Garzik, I guess. Gavin's scenario, however, is unfolding right before our eyes.

[xovulos]

If BitUsher isn't being paid by brg444's canadian PR/online community management company, he should be.

[r0ach]

It doesn't matter what % of blocks are full you stupid fucks.  All that matters is what the average transaction fee is.  Since there is no minimum transaction fee, the blocks are basically designed to be full at all times eventually even if you set it to 100MB blocks.  Segwit + hard fork in 2017 = 3.2MB blocks.  Then schnorr multisig on top of that should lower transaction sizes and increase TPS further.

[JayJuanGee]

It doesn't matter what % of blocks are full you stupid fucks.  All that matters is what the average transaction fee is.  Since there is no minimum transaction fee, the blocks are basically designed to be full at all times eventually even if you set it to 100MB blocks.  Segwit + hard fork in 2017 = 3.2MB blocks.  Then schnorr multisig on top of that should lower transaction sizes and increase TPS further.

Hahahahahaha...



That's a great way of expressing the blocksize limit situation.

I'm gonna have to incorporate some variation of those kinds of talking points into my responses with the seemingly multiple dip wads who are participating in these various forums and striving to suggest that block fullness is some kind of ongoing bitcoin "problem," when in fact block fullness seems to be more of a bitcoin feature rather than a bug.

Maybe bitcoin naysayers have figured out some fool proof strategies to keep complaining no matter what - to constantly complain... hahahahaha

In the past few months, I have made about 30 blockchain transactions varying from $1 to $34k, and in more than 90% of those I included fees for each of between $.02 and $.08.  Most of those fee transactions were completely confirmed in less than an hour.   

Out of those about 30 transactions, I made a few of them with fees of $.01 or less, and those lower fee transactions took longer to confirm, but either way, the transactions went through in less than 10 hours (even with no fees)... I keep wondering about where is this supposed blockfullness "problem" that is bringing down bitcoin beyond the mere ongoing publicity of such supposed "problem"

[aztecminer]

The HK CRTA said specifically that we were supposed to get SegWit this month. Where the hell is it? What will happen to the price if it is delayed?

Blocks are full. We need relief now! The TA is suggesting that we could have a huge rally if the network was able to handle the extra traffic.

Now we see your true motivation ... Short term profits instead of concerns for the security or testing within segwit.

To answer your question -
Large blocks are already being created in segnet -
https://segnet.smartbit.com.au/block/0000008dfef05aa2924f65f3423de9875005a9107ff1c963c6c35f929b32ff0e

Segwit will likely be deployed later this month or early may. You have to understand that Core developers care more about testing and security than your short term price rallies.

Also to set your expectations , segwit will be activated with versionbits with a 95% threshold , so don't expect activation before june at the earliest(More likely early july) . This may also be delayed further because many BU and classic supporters are suggesting blocking segwit (against their principles of immediate scaling now) in retribution with 5-6% Classic hashing power.

Deal with it or contribute to development instead of whining incessantly.

P.S... We currently don't have Garzik's fee market event where we have 2 weeks of full blocks. I see plenty of partially filled blocks this past week so your anxiety over having to pay 2-5 more pennies per tx is unwarranted.

OMG!!!

For the median transaction size of 226 bytes, this results in a fee of 6,780 satoshis (0.02$). https://bitcoinfees.21.co/

2 penny tx to get in the next block ! The world must be coming to the end chicken little!

we been waiting a year. the fix was supposed to be in earlier this year. and it still isn't in... now u say we must wait longer... i calling bullshiat on you.... we'll wait longer and later you will come up with more fud about testing and bullshiat bullshiat bullshiat w more bullshiat piled on top. ... bottomline is bitcoin cannot scale, it still cannot scale today, and all you got is more TALKIN about what you doing or gonna do.. i believe that after a year of hearing the same fud talk that your more TALKIN = more fud.

[bargainbin]

Crypto ...well, not ded, but nasty PVS & DNR order signed on blogchain.
Let it go with dignity...




lol, jk. Majikal unicorns r not real; no 1 2 swoop down & rescue U.

[aztecminer]

The HK CRTA said specifically that we were supposed to get SegWit this month. Where the hell is it? What will happen to the price if it is delayed?

Blocks are full. We need relief now! The TA is suggesting that we could have a huge rally if the network was able to handle the extra traffic.

bud.. the part your missing is that bitcoin is manipulated by Satochia. nothing is going to happen to the price because they are #paralyzed right now. as i stated on feb 17 the price will stay within range below $500 and $350 ..they can't go up cuz if they do we are all in the profits (which may be the reason Satochia is withholding the scaling fix) and they can't go below $350 because if they do we all will buy again. they have a huge amount of infrastructure and development they would have to sacrifice if they decided to end bitcoin. they are going to remain #paralyzed until, at the very least, obama is out of the white house.. are they going to manipulate to discredit me ?? probably not because i might be baiting them to make a move.. i'm good with the fact they are #paralyzed until the next president takes office.. it proves that obama strategies are failures on all fronts.

make a move #GimpedCoin .

[JimboToronto]

we been waiting a year. the fix was supposed to be in earlier this year. and it still isn't in... now u say we must wait longer... i calling bullshiat on you.... we'll wait longer and later you will come up with more fud about testing and bullshiat bullshiat bullshiat w more bullshiat piled on top. ... bottomline is bitcoin cannot scale, it still cannot scale today, and all you got is more TALKIN about what you doing or gonna do.. i believe that after a year of hearing the same fud talk that your more TALKIN = more fud.

 

Do you even know what FUD means? Fear. Uncertainty. Doubt.

The only fear uncertainty or doubt I see is what you are attempting to spread.

Spreading (possibly undue) positivity about the state of Bitcoin is hardly FUD. Call it shilling if you want.

[bargainbin]

... it proves that obama strategies are failures on all fronts. ...

[r0ach]

Aztecminer = Lambchop?

[bargainbin]

^^Fiendishly clever, Lambchop. Now no one will ever suspect you're you!