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

[JimboToronto]

https://www.youtube.com/watch?v=N1KvgtEnABY

[JayJuanGee]

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.

Look at you.  Taking on the identity of the royal "we" once again?

And, your level of exaggeration should seem quite overblown to most folks.... for example, "we been waiting over a year".... wtf?  Makes no sense.

XT was proposed in August 2015 and Classic was proposed December 2015...   Both of those were baloney and subsequently discovered disingenuous and aimed at inflaming and disrupting bitcoin - and in the end, the level of shouting regarding those proposals have been increasing in the past several months with greater and greater exaggerations.. which are becoming less and less convincing - that seems to be part of the reason why in the past month or so, it has been difficult to attempt to bring BTC prices below $400.. and really the price inclination seems to be upwardly mobile.... .

Yeah, you want to personally assert that BTC prices are not going beyond $500 - but I doubt whether you really believe such nonsense, even yourself - even though sometimes you do come off as a bit retarded with some of your PM pumping, your various alien theories and your apparent harping on quasi-non-relevant conspiracies such as flouride and mercury (even though there is some true regarding problems with those substances)

[solitude]

lel this Juan guy loves to post on this forum.  Over 6,000 posts in two years.  By comparison, I have 600 posts in four years.

Is there anything you won't respond to?  Why are all your posts the equivalent of a short story?

Dude, go make a bitcoin blog or something, there's gotta be money in writing about bitcoin.

lel, I've noticed you've posted your bitcoin address.  Dude, stop cyber begging.  Upon cursory glance you've made:

Total Received    0.00049524 BTC    

Good job, all your 6,000 posts earned you 20 cents. 

Juan man, you can type english well, put it to fucking use someplace else.  This forum is a shit show.  Stop replying to every single post.

[solitude]

Put on your space boots, put on your space boots, what else should we take to the moon?

https://www.youtube.com/watch?v=tQowneABz9M&feature=youtu.be&t=17

LEL every time the price rises $10 or so I watch this video, never fucking fails, man!

I cum a little in my pants a little when i hear the british girls accent too.  I bet she shaves her pussy nice and she'd sound real nice with me giving it to her.

[solitude]

FUCK wrong fucking thread.  aw fuck it.

[solitude]

Let's fly away, let's fly away, and blast into space!

[solitude]

Watching The Good, The Bad, and The Ugly now

You mad, nu-male cucks? 

This isn't a movie a nu-cuck would enjoy.  What time is Tyrone due to arrive at your house and fuck your wife, reddit cuck?

[Karartma1]

We are not going anywhere since quite a while now. Boring trading sessions.
Where's the fun? Chinese traders are sleeping.
Pump some Yuan into the game come on.. 

[solitude]

Put on your space boots, put on your space boots, what else should we take to the moon?

https://www.youtube.com/watch?v=tQowneABz9M&feature=youtu.be&t=17

LEL every time the price rises $10 or so I watch this video, never fucking fails, man!

I cum a little in my pants a little when i hear the british girls accent too.  I bet she shaves her pussy nice and she'd sound real nice with me giving it to her.

IMG]http://i64.tinypic.com/1zch7gk.png[/img]

Fuck's this faggot hatin' on?

My moon video?  My posts?  Either way, this poster should be considered to be hook-nosed fellow

[bitebits]

It could be that we arrived at step #3, let's see how this plays out:

If I were a market maker and want to accumulate more btc before the inevitable halving and 'consensus' price rise, I would definitely:

0. Accumulate on the almost forgotten alt coin market
1. Spread FUD so people sell their btc, btc price drops
2. Pump altcoins. People sell their btc in the chase, btc price drops further (<--- we are here)
3. Dump expensive altcoins for cheap bitcoins.
4. Let the bitcoin bubble occur because of 'consensus' and halving
5. People sell cheap altcoins for chasing expensive bitcoins
5. Sell expensive bitcoins for cheap altcoins
6. Spread FUD
7. Rinse, repeat.

[lyth0s]

It could be that we arrived at step #3, let's see how this plays out:

If I were a market maker and want to accumulate more btc before the inevitable halving and 'consensus' price rise, I would definitely:

0. Accumulate on the almost forgotten alt coin market
1. Spread FUD so people sell their btc, btc price drops
2. Pump altcoins. People sell their btc in the chase, btc price drops further (<--- we are here)
3. Dump expensive altcoins for cheap bitcoins.
4. Let the bitcoin bubble occur because of 'consensus' and halving
5. People sell cheap altcoins for chasing expensive bitcoins
5. Sell expensive bitcoins for cheap altcoins
6. Spread FUD
7. Rinse, repeat.

Interesting hypothesis, I will be following.

[solitude]

It could be that we arrived at step #3, let's see how this plays out:

It could be that you're an idiot.

[Denker]

It could be that we arrived at step #3, let's see how this plays out:

If I were a market maker and want to accumulate more btc before the inevitable halving and 'consensus' price rise, I would definitely:

0. Accumulate on the almost forgotten alt coin market
1. Spread FUD so people sell their btc, btc price drops
2. Pump altcoins. People sell their btc in the chase, btc price drops further (<--- we are here)
3. Dump expensive altcoins for cheap bitcoins.
4. Let the bitcoin bubble occur because of 'consensus' and halving
5. People sell cheap altcoins for chasing expensive bitcoins
5. Sell expensive bitcoins for cheap altcoins
6. Spread FUD
7. Rinse, repeat.

I'm not sure about stage 2 as we already see altcoins getting dumped.Just look what is happening the last few days.
The only thing which doesn't seem to work is to push BTC price down.But it is also not going up.We are stable around 420 for some good while now.So it seems the altcoin dumpers are moving into fiat.

[hv_]

Pump ....

[JimboToronto]

Pump ....

Sideways...  

Woke up to use the can and looked in just in time to see the small move back over $420. Right where we seem to want to be.

It's enough to make you chronic.

[bargainbin]

Pump ....

Sideways...  
...

In $$$, sure. Amazing rallyage in ethers tho!

 Ethereum (ETH)  $8.11 (-16.05 %)

[JimboToronto]

Pump ....

Sideways...  
...

In $$$, sure. Amazing rallyage in ethers tho!

 Ethereum (ETH)  $8.11 (-16.05 %)

I do believe this is the BTC/USD price tracking thread.

[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.

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

...

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.

Oh spare me the sanctimony.  Core devs had YEARS to come up with a scaling solution and it took an implicit threat from miners to get them to do the bare minimum and even now, they are not going to have it ready when they agreed to have it ready.  This isn't being cautious. This is obstructionism. 

You can't credibly claim that they are doing everything possible to get it up and running in a timely manner consistent with security and quality goals and still claim they don't need to rush.  Core is either incompetent and cannot do what users require or they are dishonest and dragging their heels.  Either way, they are not meeting the network's needs. 

I do not accept that it is simply impossible for Bitcoin to scale safe and securely. It may be impossible with current governance, but all that means it we need to change governance.  This kind of shit didn't happen when Gavin was in charge.

It's not about short term profits. It's about having confidence that the network's needs will be met. It's not reassuring when the people responsible for meeting those needs don't even have the will to do it to say nothing of the ability.

[bargainbin]

Pump ....

Sideways...  
...

In $$$, sure. Amazing rallyage in ethers tho!

 Ethereum (ETH)  $8.11 (-16.05 %)

I do believe this is the BTC/USD price tracking thread.

Oy vey. Try to put a positive spin on this slo-mo train wreck, and still he kvetches!

[JimboToronto]

  Sunshine and roses.  

Actually it's supposed to snow here today. Thank gawd for the SkyDome.