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

[JimboToronto]

cast off. Like an old cum rag

Shroomskit? Is that you?

You conned all those people into thinking you were Lambfry. Shame on you.

 

[billyjoeallen]

Average blocksize up over 900KB again. Ripe for a spam attack. 
16K shorts vs. 26MM in $ longs on BFX, close to normal range. Could be a squeeze in either direction but not enough to really do much damage. I just can't see a moonshot until after SegWit because we're hard up against the blocksize limit.

Look for a possible double top at $430. There's a lot of momentum and resistance, so it could go either way.

[JayJuanGee]

Average blocksize up over 900KB again. Ripe for a spam attack. 
16K shorts vs. 26MM in $ longs on BFX, close to normal range. Could be a squeeze in either direction but not enough to really do much damage. I just can't see a moonshot until after SegWit because we're hard up against the blocksize limit.

Look for a possible double top at $430. There's a lot of momentum and resistance, so it could go either way.

What's your source for this spread of the above bolded FUCD? 

I see average blocksize currently around 80%


https://blockchain.info/charts/avg-block-size


Also, what's your information that some of this supposed fullness, to the extent it exists, is not spamming attacks... attempts at self-service claims regarding supposed fullness and spreading of FUCD.

[adamstgBit]

I just can't see a moonshot until after SegWit because we're hard up against the blocksize limit.

it must happen before....
what will market do when segwit has been out for weeks and it its hit an impasse not able to gain more the 19% hashing power supporting it?
CRASH!
we must PUMP before we DUMP.

[Room101]

I sent a friend 2BTC last night from my core wallet, and used 0.001 fee ( so around 50 cents), stupid transaction took 8 hours ( not to be confirmed, just to appear at all). Funny thing is, he sent me money via internet banking at the same time, and it arrived inside 2 hours!

Something is not working the way it is supposed to!

[lyth0s]

I sent a friend 2BTC last night from my core wallet, and used 0.001 fee ( so around 50 cents), stupid transaction took 8 hours ( not to be confirmed, just to appear at all). Funny thing is, he sent me money via internet banking at the same time, and it arrived inside 2 hours!

Something is not working the way it is supposed to!

An unlikely claim. Please post the transaction ID.

[Room101]

I sent a friend 2BTC last night from my core wallet, and used 0.001 fee ( so around 50 cents), stupid transaction took 8 hours ( not to be confirmed, just to appear at all). Funny thing is, he sent me money via internet banking at the same time, and it arrived inside 2 hours!

Something is not working the way it is supposed to!

An unlikely claim. Please post the transaction ID.

Honestly curious how that will give you any info? I was getting pretty worried, so i kept checking the transaction ID on blockchain.info, and it kept saying not a transaction. Once the coins appeared unconfirmed only then did blockchain.info recognise my the transaction ID?

The only other thing i could think it might be was my core wallet was not completely up to date ( ie I had not downloaded all the blocks because i was on a metered connection, and didnt want to waste bandwidth, so i just opened core, waited till i had a connection to network, then sent). The coins showed as sent, there was a transaction Id, but not record of it anywhere for hours)

[BayAreaCoins]

I sent a friend 2BTC last night from my core wallet, and used 0.001 fee ( so around 50 cents), stupid transaction took 8 hours ( not to be confirmed, just to appear at all). Funny thing is, he sent me money via internet banking at the same time, and it arrived inside 2 hours!

Something is not working the way it is supposed to!

An unlikely claim. Please post the transaction ID.

Ya totally full of shit.

Unless the next block took two hours.

[Fatman3001]

I sent a friend 2BTC last night from my core wallet, and used 0.001 fee ( so around 50 cents), stupid transaction took 8 hours ( not to be confirmed, just to appear at all). Funny thing is, he sent me money via internet banking at the same time, and it arrived inside 2 hours!

Something is not working the way it is supposed to!

Sounds more like a wallet problem

[DaRude]

I just can't see a moonshot until after SegWit because we're hard up against the blocksize limit.

it must happen before....
what will market do when segwit has been out for weeks and it its hit an impasse not able to gain more the 19% hashing power supporting it?
CRASH!
we must PUMP before we DUMP.

Are you against segwit now? Wouldn't bet on network NOT supporting it once its out.

[Hunyadi]

[adamstgBit]

I just can't see a moonshot until after SegWit because we're hard up against the blocksize limit.

it must happen before....
what will market do when segwit has been out for weeks and it its hit an impasse not able to gain more the 19% hashing power supporting it?
CRASH!
we must PUMP before we DUMP.

Are you against segwit now? Wouldn't bet on network NOT supporting it once its out.

i'm on the fence. at first i thought it was marvalous, then i found out more about it and realized it isn't magical, sure we'll get a effective block size incress, but only because we are changing how we calculate block size. it feels like i'm being fed BS twisted truths, to make me expect a massive change that will forever complicate bitcoin's code. the consequences to which are unknown. It incress node requirements by more or less the same as a 2MB HF.
from what i've seen 2MB HF is a much better proposal if all you want to do is incress capacity. But if you want to setup bitcoin to become a settlement layer for lighting network segwit is the way to go.
I disagree with the idea that bitcoin will become centralized as node cost become higher as usages grows. If we have 5000 nodes ran by poeple like MicroSoft, Bitpay, Bank of Canada, bittrex, coinbase, BTC4AmazonShit.com, etc etc... that is a plenty decentralized.
i simply do not care if bitcoin becomes SO BIG, that it will not be easy to run a full node at home.
I dont understand why segwit can't simply fix TX malleability and leave everything else alone. again i feel as tho i'm being fed half truth to accept and commit to a new trajectory for the project.

[adamstgBit]

I sent a friend 2BTC last night from my core wallet, and used 0.001 fee ( so around 50 cents), stupid transaction took 8 hours ( not to be confirmed, just to appear at all). Funny thing is, he sent me money via internet banking at the same time, and it arrived inside 2 hours!

Something is not working the way it is supposed to!

An unlikely claim. Please post the transaction ID.

Ya totally full of shit.

Unless the next block took two hours.

i've done the mistake of sending a TX and then closing my client, your client will need to rebroadcast the TX to many nodes for it to propagate fast.
if your poorly connected node, relaying to other poorly connected nodes, yes i can imagine how it would take a long time for the TX to fully propagate. altho 8 hours is kinda hard to believe...  you must have been very badly connected

if you can't keep your wallet up 90% of the time you shouldnt be running it, use a web based SVP wallet somthing like blockchain.info and you'll never run into these problems.

[JimboToronto]

Good AM Bitcoinland.

Still $425?

[noobtrader]

Good AM Bitcoinland.

Still $425?

yes im getting bored with the  price movement too... can we skip ahead and see 4300 usd soon

[pinger]

Good AM Bitcoinland.

Still $425?

yes im getting bored with the  price movement too... can we skip ahead and see 4300 usd soon

No way, I have to save some more money to get some coins

[Gyrsur]

BLOCKS ARE FULL!!

SELL YOUR COINS!!

not really

2MB blocks on the segwit testnet:

https://segnet.smartbit.com.au/blocks?sort=size

[lyth0s]

I sent a friend 2BTC last night from my core wallet, and used 0.001 fee ( so around 50 cents), stupid transaction took 8 hours ( not to be confirmed, just to appear at all). Funny thing is, he sent me money via internet banking at the same time, and it arrived inside 2 hours!

Something is not working the way it is supposed to!

An unlikely claim. Please post the transaction ID.

Honestly curious how that will give you any info? I was getting pretty worried, so i kept checking the transaction ID on blockchain.info, and it kept saying not a transaction. Once the coins appeared unconfirmed only then did blockchain.info recognise my the transaction ID?

The only other thing i could think it might be was my core wallet was not completely up to date ( ie I had not downloaded all the blocks because i was on a metered connection, and didnt want to waste bandwidth, so i just opened core, waited till i had a connection to network, then sent). The coins showed as sent, there was a transaction Id, but not record of it anywhere for hours)

So do you have a transaction ID or just an excuse? No transaction ID = no further discussion of your unlikely claim (aka lie) on my part.

[alesx.onfire]

the price is so stable... finally BTC is working like a currency

[Gyrsur]

the price is so stable... finally BTC is working like a currency

this is the end! damn! we reached the goal.