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

[JayJuanGee]

1. Price rises

2. Tx volume fills blocks

3. Price stops rising, gains bleed away

4. Tx Volume drops, Blocks not so full

5. Go to 1.... until Gregory Maxwell has a fee-siphoning solution released thinks it's safe to burden Rasb Pi full economic nodes on Luke-Jr's ISP with more than 1MB per 10 min.

Your presumption between 1 and 2 is not necessarily true.  This is the type of presumption that people attempt to suggest as a given, and therefore, your whole argument becomes invalid.

Surely, there is a bit of comedic effect that as the price goes up, there seem to be an increased attempt at spam attacks (and creating the impression that blocks are getting full), yet the price continues to go up or fails to go down... hahahahahaha..   

These kinds of block full arguments have been being attempted for at least a few months and are becoming less and less convincing....

Recall when BJA was making the block full argument at $370 and saying that the blocks were getting more full as the price went up.. then he sold a bunch of his coins at $370.. thereafter, the price continued to go up, and have not returned to $370 for several months.  During this time, also, spam attacks have been up and down, and we see when the spam attacks are not very prevalent, then block sizes are generally floating between 55% and 75% - which is in no way any kind of urgent scenario... that causes some need for a hard increase in the block size limit.

The upwards price pressures are looking pretty nice in recent days.... let's see if we are going to break into the $430s, this time?  I'm prepared either way... but at the moment feeling slightly more inclined to predict up rather than down... maybe 54/46..

[UngratefulTony]

Always enjoyable to see the guy who discovered Bitcoin at the height of the 2013 bubble... and bought at >$1200, drone on about the profit taking decisions of people who bought/mined theirs at single and double digit prices.

 

[JayJuanGee]

Always enjoyable to see the guy who discovered Bitcoin at the height of the 2013 bubble... and bought at >$1200, drone on about the profit taking decisions of people who bought/mined theirs at single and double digit prices.

 

Yeah, you must be amazing newbie with only 34 posts.  Let's here a bit about your bitcoin experiences and what makes you so great?           

[UngratefulTony]

That's Jr. Member, to you.

Aaaand, I'll have you know, my Bitcoin experiences are growing by the minute. I'll let you here more about them when I have more time.

[JayJuanGee]

That's Jr. Member, to you.

Aaaand, I'll have you know, my Bitcoin experiences are growing by the minute. I'll let you here more about them when I have more time.

Good.  I look forward to any kind  of attempt at a meaningful contribution, if you are capable of such....

you seem to be starting off at a bit of a bad start, but probably, it doesn't really cost too much effort to give you a bit of a benefit of the doubt, just in case you may be capable of meaningful contribution.

[JayJuanGee]

What's going on here? Play nice with JJG, UngratefulTony, I'm watching you.

Don't do it Bargainbin... It's not worth it.

I'm suggesting, just go buy some bitcoin lil friends.  It will give you a reason to live, and you will feel better.   

[USB-S]

Sergei needs to start another ponzi asap. Then we'll get the price moving for sure.

[Mrpumperitis]

http://cointelegraph.com/news/uk-regulators-declare-start-of-beautiful-friendship-with-bitcoin-ethereum

   In a further speech at the same summit, Harriett Baldwin, Economic Secretary to the Treasury, indicated UK’s openness and welcoming of fintech innovation not only by announcing new measures, but also by the words she chose. Describing currencies such as Bitcoin and Ethereum as “digital currencies”, Baldwin assured attendees that this was just the start of a “beautiful friendship”.
“We will be announcing other ways we can help you help UK consumers.” - she stated.
Thus, expect even more measures in what seems to be a complete embrace of fintech, including digital currencies like Bitcoin and Ethereum, and not only a partnership, but a “beautiful friendship”.
The United Kingdom is widely recognized as the most welcoming regulatory environment for Fintech companies.  

[DaRude]

Sergei needs to start another ponzi asap. Then we'll get the price moving for sure.

How can MMM ponzi #3478 can still somehow be relevant is beyond me. Just rebrand it as a lottery and let it go

[gentlemand]

The United Kingdom is widely recognized as the most welcoming regulatory environment for Fintech companies.  

A bit more cheerful than Russia then. They've really got to get some banks to play though. Hopefully Fidor are going to do something but they may well be frozen out by the biggies.

[r0ach]

Bernanke coming to pump Bitcoin again:

http://www.zerohedge.com/news/2016-04-11/ben-bernanke-helicopter-money-may-be-best-available-alternative

[lemmyK]

http://www.nasdaq.com/article/the-push-for-a-cashless-society-could-be-an-opportunity-for-bitcoin-cm605217   
   morons

[keystroke]

And people are fleeing the sinking ETH ship. A fool and his money are soon parted. My congrats to all of the shorts.

[blunderer]

And people are fleeing the sinking ETH ship. A fool and his money are soon parted. My congrats to all of the shorts.

But BTC is just a blowup life raft, to take rape victims to the safety of fiat shores & then be cast off. Like an old cum rag

[Mrpumperitis]

And people are fleeing the sinking ETH ship. A fool and his money are soon parted. My congrats to all of the shorts.

lol are your congrats for those that sold over 0.035 then ..cheers  
hope not those that sold under 0.018....

[JayJuanGee]

And people are fleeing the sinking ETH ship. A fool and his money are soon parted. My congrats to all of the shorts.

lol are your congrats for those that sold over 0.035 then ..cheers  
hope not those that sold under 0.018....

Congrats to anyone who sold at for more than they bought at..... ... and hopefully not too many people got screwed from the unwarranted hype... though I fear that there are going to be a few screwed.. and yet how many years will it take to get back to $13 or $14, especially when they seem to be printing quite a few of those ETH's... more than a million new ETH's per month, no?

[JayJuanGee]

... more than a million new ETH's per month, no?

Limited quantity: Achilles' heel of Bitcoiners.

Like a stuck gate on a chip, a stripped tooth on a steering rack, a pinprick in a child's balloon... so small, so seemingly minor, insignificant, but BLAM! Poverty, ruined lives, degradation, street urchins pointing fingers and jeering... All because the Beanie notion of "value through artificial scarcity"

BBin - you are pretty good at attempting to make a simple idea more complex than it needs to be.

I don't claim to know everything about ETH, but I have seen reports showing that there is a pretty high level of ETH creation (something like what I said, 1 million per month).  Also, there is some uncertainty regarding the total quantity of ETH that will be in existence (because unlike bitcoin, ETH retains a considerable amount of centralization in which the total quantity can be changed by stake holders). 

I guess in essence, I am suggesting that BTC has a greater value that ETH because of there is more certainty with BTC regarding how many will ever be in existence and the mining of BTC.  Furthermore, I am also suggesting that BTC is more valuable that ETH because there is more certainty regarding its decentralization (BTC is much more difficult to change material terms, therefore, that should make BTC more valuable and less capable of manipulation by a small group of people). 

[smracer]

When are the shorts planning on closing some of their 16,331 BTC on Finex?

[marcus_of_augustus]

7

[Chef Ramsay]

When are the shorts planning on closing some of their 16,331 BTC on Finex?

Nice to see you chime in again. I heard they were on a suicide pact and were gonna let it ride - like putting it all on red when black keeps being spun. Nothing like a magnificent squeeze to fuel the engines wouldn't ya say..?