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

[aztecminer]

Aztecminer, in the real world what you say makes sense, with the assumption that you are expecting to make money from the clients that will be using your infrastructure.

Someone is paying you 100$ per month, you get 20$ profit, you are ok with the upgrade costs - otherwise you go out of business. Right?

You are not selling your services for near zero cost. If you did, and you had almost infinite demand as a result, needing upgrades to cope with near infinite demand and near infinite abuse (from the near zero cost situation), you would not upgrade anything. You'd just say "this is ridiculous, I'm going bust".

Your priority would definitely not be to service near-zero-cost users and abusers but to make it viable (=fee market).

If people say that your network or data center services "don't scale" and that the small guy who wanted your hosting services for 2 cents is "excluded" you'd tell them "cry me a river and fuck off".

Why do you want to have something different when bitcoin is concerned? Why should the priority of bitcoin be to service near-zero-cost users and abusers - and do so by upgrading constantly (=giving them more space to abuse, increasing the costs for everyone) with zero tangible benefits? Why do you want to turn the network into an economic amplification attack for those who service it? Why do you want to do with it what you wouldn't do for your own company?

There is a significant distinction between "this is an infrastructure that is used and paid and we must upgrade it" and "this is an infrastructure which is already abused due to the extremely low cost of use - so it doesn't make any sense to give, say, x100 space to the abusers".

Still, the abusers will have their near-zero-cost party, as the upgrades are coming soon and will "relieve" them of the enormous costs of sub 0.02$ fees that they are now using to spam the network

i do not believe there are any upgrades coming. it has been a year of this talk about XT, then it was Classic, and now its lightening chains and segwit on testnet and whatever other bullshiat u guys come up with to convince yourselves everything is fine.. you all are talking a bunch of bullshiat is what your doing .  there is no upgrade.. you can talk all you want about what your gonna do, or planning to do, but until it happens, it still didn't. and i do not run any hosting services.. that never happened either.

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[aztecminer]

The eyes rolling is mutual..... and your cut and paste provides further proof about how retarded you are that you cannot formulate your thoughts in order to apply such thoughts (if any) towards what is going at this moment and in this situation.   Go figure.  

yeah i need reformulate and regurgitate it a third time cuz your synoptic pruning deleted your memory cells used to retrieve the data from the last time i told you this same thing. i'm thinking maybe it is a white matter disconnect is why you can't understand it that you require me to reformulate it for you. the part of your brain that perceives the writing in this forum is not communicating effectively with that part of the brain that actually THINKS.

Your further elaboration makes little to no sense.

You are criticizing me for not thinking, but at least I am not cutting and pasting my previous quotes as if that responds to a current post.


To attempt to convert this line of discussion into something a bit more relevant to bitcoin prices, I am looking forward to the day in the likely very near future in which bitcoin prices break through your self-described $500 "ceiling."    hahahahhaha

I can already predict you changing your story when you are obvious going wrong with your lame, ill-conceive, conspiratorial and lacking of insight perspective.

I can already anticipate you asserting that you were right all along, even though you are obvious and clearly predicting BTC to be incapable of going passed $500.   See more at lame.ztec.ex.miner.com    

bring on the $500+ bitcoin.. what you waiting on ?? .. i'm not scared of $500+ bitcoins. bit coin has to break out of the $300 - $500 range eventually ... even if it is next year after the obamaturds is out of wh finally .

[JimboToronto]

An early good morning Bitcoinland.

Have we really finally broken past $425, just as we did past $420 and before that $416?

Slowly creeping up is a good thing.

[r0ach]

Nice, thread was spammed by three freshly created, 0 post count, zionist banking shills in a row.  When they get desperate to start spamming this hard with fake accounts, it means mega price increase coming.

[JimboToronto]

Nice, thread was spammed by three freshly created, 0 post count, zionist banking shills in a row.  When they get desperate to start spamming this hard, it means mega price increase coming.

I was thinking exactly the same thing (minus the Zionist part).

The desperation is hilarious, isn't it?

[r0ach]

[JimboToronto]

One of the reasons I like this place is the comedy.

The alternation between overly pedantic pseudo-intellectualism and exaggerated English-as-a-second-language misspellings and bad grammar keeps me in stitches.

 

Edit: Oh look, another little rise.

[Yakamoto]

One of the reasons I like this place is the comedy.

The alternation between overly pedantic pseudo-intellectualism and exaggerated English-as-a-second-language misspellings and bad grammar keeps me in stitches.

 

I don't even watch this thread all the time and I still find it more entertaining than TV. If we don't have two people arguing about a price crash or something it is a bunch of "guis ples enlish is nut me first langugge". Not to offend them of course, they're trying, but it definitely looks hilarious on paper.

[JimboToronto]

One of the reasons I like this place is the comedy.

The alternation between overly pedantic pseudo-intellectualism and exaggerated English-as-a-second-language misspellings and bad grammar keeps me in stitches.

 

I don't even watch this thread all the time and I still find it more entertaining than TV. If we don't have two people arguing about a price crash or something it is a bunch of "guis ples enlish is nut me first langugge". Not to offend them of course, they're trying, but it definitely looks hilarious on paper.

I think we all realize that English is not everybody's first language. The Bitcoin community is international in its very nature.

Honest spelling and grammatical errors aren't the issue. It's the obviously contrived attempts to fake it that are hilarious and don't fool anyone.

[slap]

What!? No violence on this upswing? We've been waiting for months to end this penispennant and all it does is slowly creeping up like my deceased mother in law. Aw gaaad i hate both.
ow wait this isnt 4chan
BTC is up, you guys wanna touch my Digix tokens? wash ur hands first.

[JimboToronto]

bfx flatlined?

I was just going to post that.

Seems there hasn't been a trade in over half an hour, according to both Bitcoinwisdom and Bitcointicker.

[noobtrader]

bfx flatlined?

I was just going to post that.

Seems there hasn't been a trade in over half an hour, according to both Bitcoinwisdom and Bitcointicker.

We'll be right back

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[JimboToronto]

We'll be right back

Scheduled Maintenance

We are making infrastructure upgrades that require us to pause all site operations for the duration of the operation. The upgrade will last 30-60 minutes starting from 16:00 UTC (900 PST, 1200 EST, 0000 HKT).

Please monitor bitfinex.statuspage.io for updates.

support@bitfinex.com

Thanks. I guess I should've checked out the actual site before posting.

***Facepalm***

[TReano]

Feels pretty good to be long, doesn't it? 

[yefi]

What!? No violence on this upswing? We've been waiting for months to end this penispennant and all it does is slowly creeping up like my deceased mother in law. Aw gaaad i hate both.
ow wait this isnt 4chan

What would you like to see, us drop a piano on you?

[noobtrader]

We'll be right back

Scheduled Maintenance

We are making infrastructure upgrades that require us to pause all site operations for the duration of the operation. The upgrade will last 30-60 minutes starting from 16:00 UTC (900 PST, 1200 EST, 0000 HKT).

Please monitor bitfinex.statuspage.io for updates.

support@bitfinex.com

Thanks. I guess I should've checked out the actual site before posting.

***Facepalm***

hey... bitfinex is alive again HOHOHOHOOO

they are not goin gox on us

[RealBitcoin]

Folks, looks like the price is heading back to 400 €

It is getting exciting, i would like to see 3000 € /BTC by the end of the year

[DaRude]

Folks, looks like the price is heading back to 400 €

It is getting exciting, i would like to see 3000 € /BTC by the end of the year

China needs to get on board

[beastmodeBiscuitGravy]

... because reading the bears endless tales of misery, lies, jealousy and porn-terror-drugs-kiddie inuendo was so healthy for bitcoin, a historic world changing technology built by their superiors.

These guys will go down in the records as some of the biggest muppets EVER, immortalised in the blockchain.

Frenetic jerking over a 1% rise... I shudder at the thought of what you lot would do with a 10% rise. 

Bears should pepper themselves, as we know... the institutional money was just waiting for that triangle to break.

Mewn!

[BayAreaCoins]

Closed my weekly long futures.

Quarterly futures trading over $15 spot... Shorted them a good chunk for a $5 run down.