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

[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.

...

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.

I'm quoting this for how ridiculous it is...

hahahahaha

BJA talking your book, and suggesting that you don't care if the price goes down or up because you sold a large quantity of BTC at $370 about 2 months ago, yet the price has been having a lot of upwards pressures since then, and a lot of failed attempts to break below $400 in the past month.

Everything you say in your above post seems to be XT / classic talking points in which people are beginning to realize that they are baseless and wishful thinking rather than any meaningful reflection of the robustness of bitcoin, both in terms of its technicals and in terms of its governance.  

In fact, the peer to peer aspect of bitcoin surely causes some inefficiencies in bitcoin's governance, and that is a feature and not a bug... and really the difficulties to change the status quo of bitcoin and its blocksize limits (which is not a problem like you and your xt/classic supporting buddies would like us to believe) is a sign of decentralization rather than the propaganda scare mongerings attempts to suggest that bitcoin is flawed in some kind of meaningful way.

Certainly, we do not know when BTC prices are going to break back into the $430s, yet likely I would not be surprised see prices continuing to bounce around between $400 and $450 for a month or two.  On the other hand, I would be a bit surprised (and wouldn't be the first time) if we were to witness prices go back below $380 for any significant time (gonna need some seriously convincing FUCD spreading for that to occur (maybe when seg wit goes live there may be something to grasp onto regarding some kind segwit flaw?).. good luck with those continued and unconvincing attempts at spreading FUCD......................................NOT).

 

[1714128267]

1714128267

[BitUsher]

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.  

The creation of a fee market is by design. There is no dishonesty or secret plan ... we are quite overt that having a fee market is a good thing for bitcoin rather than excess capacity. Can't you understand by now that we have different opinions on what the network needs?

I do not accept that it is simply impossible for Bitcoin to scale safe and securely.

I agree, Bitcoin can scale securely one we start using payment channels.

This kind of shit didn't happen when Gavin was in charge

Why do you think Gavin gave up being chief maintainer for the sake of some glorified chief scientist role where he could speak at conferences ? It is likely because he had more confidence in the other core devs and as a matter of fact shit did hit the fan under his watch.

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.

Bitcoin does not need to prioritize making sure a few VC make short term profits or allow you to make subsidized 2 penny txs at the cost of security. The core devs are meeting our needs just fine.

[dumbfbrankings]

We have been overt about wanting a Core Dev planned fee market at less than 10 tps since the very beginning in 2009 Billy Jo.

Do you want the 5 mining pools to become more centralised?? 'Cause that's what you get with on chain growth. Pls be patient while the monolithic payment hubs can be rolled out.

Mewn sewn boyz.

420 Blaze it.  

[yefi]

* yefi prods Bitcoin with a stick

Looks like you are going to need a bigger stick, or give it some more time to wake up...

My stick's pretty big, just ask Lambie. Guess I'll just have to be patient.

[bargainbin]

* yefi prods Bitcoin with a stick

Looks like you are going to need a bigger stick, or give it some more time to wake up...

My stick's pretty big, just ask Lambie. Guess I'll just have to be patient.

It's true, big as a log! Yefi carries the thing around like it's her cub or a baby, have no idea what she thinks it is.
A bit creepy if you ask me, but you know, bitcoin.
I try not to judge

[marcus_of_augustus]

9

[USB-S]

Loading moon.exe

[keystroke]

Volatility continues to drop over a 30 and 60 day period.

60-day now at 1.488% (32nd lowest day on record) and 30-day at 0.963% (15th lowest day on record).

Due to the way historical volatility is calculated I expect 30-day to remain stable while 60-day drops to near record levels over the next 7-14 days.

[Chef Ramsay]

Volatility continues to drop over a 30 and 60 day period.

60-day now at 1.488% (32nd lowest day on record) and 30-day at 0.963% (15th lowest day on record).

Due to the way historical volatility is calculated I expect 30-day to remain stable while 60-day drops to near record levels over the next 7-14 days.

The lift off is going to be magnificent.

[pinger]

Volatility continues to drop over a 30 and 60 day period.

60-day now at 1.488% (32nd lowest day on record) and 30-day at 0.963% (15th lowest day on record).

Due to the way historical volatility is calculated I expect 30-day to remain stable while 60-day drops to near record levels over the next 7-14 days.

EUR (.75%) almost as volatile as bitcoin.

Should people using euros dump them all and buy dollars due to the high volatility?

Maybe gold is better.

[pinger]

Volatility continues to drop over a 30 and 60 day period.

60-day now at 1.488% (32nd lowest day on record) and 30-day at 0.963% (15th lowest day on record).

Due to the way historical volatility is calculated I expect 30-day to remain stable while 60-day drops to near record levels over the next 7-14 days.

EUR (.75%) almost as volatile as bitcoin.

Should people using euros dump them all and buy dollars due to the high volatility?

Maybe gold is better.

Gold volatility is at 1.36%

Just HODL Bitcoin then

[Fatman3001]

We have been overt about wanting a Core Dev planned fee market at less than 10 tps since the very beginning in 2009 Billy Jo.

Do you want the 5 mining pools to become more centralised?? 'Cause that's what you get with on chain growth. Pls be patient while the monolithic payment hubs can be rolled out.

Mewn sewn boyz.

420 Blaze it.  

Please eli5 the bold bit.

[Tzupy]

https://www.cryptocoinsnews.com/bitcoin-price-surge-destination-unknown/

[Melupira89]

Hello everybody dudes 

Are you ready for the pump?

[bargainbin]

Hello everybody dudes 

Are you ready for the pump?

[Melupira89]

 

Hello everybody dudes 

Are you ready for the pump?

[hv_]

Next pump ....

[abercrombie]

Shorts increased dramatically on Friday's drop, all newcomers currently under water.

Short sellers near all time highs, currently at ~6.9 million USD.  

Conditions ripe for a big short squeeze.

[Fakhoury]

Volatility continues to drop over a 30 and 60 day period.

60-day now at 1.488% (32nd lowest day on record) and 30-day at 0.963% (15th lowest day on record).

Due to the way historical volatility is calculated I expect 30-day to remain stable while 60-day drops to near record levels over the next 7-14 days.

The lift off is going to be magnificent.

Can't agree more.

[blunderer]

...
The lift off is going to be magnificent.

Can't agree more.

http://www.rapsinews.com/legislation_news/20160330/275727532.html