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

[Mrpumperitis]

I understand youre frustration, it feels like ages. Segwit is under testing atm.

I can understand why it takes time, but my prime annoyance would be others holding its implementation hostage to force other changes. I read one of the Chinese pools were saying they wouldn't drop it in without a block size increase too. No doubt there'll be the r/btc freaks clubbing together to fuck things up too. Then we have another few years of pointless dicking around and playground diplomacy.

That's just part of the nature of peer to peer systems.... If no one is running the show, then there is going to be some frustrations and some posturing to influence the direction one way or another.

In the end, currently bitcoin is in a very positive position at the moment having staved off some of the bullshit catastrophes that would have likely resulted if either XT or Classic hard forks would have been triggered... it is a very good thing that currently, we are not even close to having any kind of XT or Classic hardfork, and it seems that a lot of very decent lessons have been learned concerning those earlier coop attempts... so in that regard, bitcoin is stronger rather than weaker by having gone through such attacks and come out with a fairly decent road plan including seg wit and other potential developments down the road (that may or may not include an actual hard increase to the blocksize limit).

jj , please stop talkin sense...lol

[Fatman3001]

Wanna know why big exchanges have been adding ETH....ETH is their hedge, giving customers a choice over fiat..smart move guys
https://www.reddit.com/r/btc/comments/4ma3gh/whats_the_current_status_of_cores_2mb_hf/d3tto83
Things are looking bad for the Bitz of coins  

Time to grab sum of that cheap ETH  

this shitcoin will dying soon.

BTC will definitely leave it in the dust soon. That's when you pick up the cheap eth if you want some.

[JayJuanGee]

So, we have 38 days until the halving. Price is at ~$530. KNC just went Bankrupt, There is no scaling solution. Is it realistic to expect moon? I think maybe we'll have moon like October, but I don't see really anything hugely positive unless all the demand comes from China due to ongoing currency devaluations. I'd like to see another leg up this weekend but I'm not sure anymore.

I'm giving you some benefit of the doubt, here, by responding... and in essence, you appear to be very deluded in your perspective.....


In that regard, you seem to placing way too much importance to a scaling non-issue that has become a talking point for big mouth trolls, financial shills, bitcoin denialists, ETH pumpers, deluded persons, bears hoping for the price to go down, and misinformed folks.  

I could give you the benefit of the doubt by considering that potentially, you are a misinformed folk... and regarding the misinformed folks, some of them are more genuine than others concerning their legitimately being confused by this non-issue that has been made into an issue and overhyped.

Rather than scaling, as an issue, you should consider that bitcoin recently passed through the upper $400s resistance point.. and it did so over several months and after fighting off quite a bit of FUCD spreading..  Depending on how far you zoom out, this has not really been an overly radical price increase, so support seems pretty decent at this price point and puts bitcoin in a very decent place for an upward price launch..

Of course, nothing is for certain in bitcoinlandia - especially when we have manipulators and disinformation spreaders...  but when you are talking about some kind of probablistic crash based on some fabricated scaling issue, you are really talking about a scenario that is less likely over an issue that is largely resolved.. and in that regard, if we have some kind of crash, some kind of real technical problem with bitcoin needs to be identified, or the FUCD spreaders are going to have to come up with something that is convinces normal persons to sell, because currently BTC's price pressures are upwards, and not downward, as you seem to be asserting with your superficial yesterday's news depiction of Bitcoin's current situation.

Switch scaling for hard fork code changes and my point remains the same.

So, LN is in Alpha but needs Segwit. SOME miners won't agree to segwit unless it is as a HF AND includes 2mb code release. Moon? DMOON? What am I missing? I think you would get moon if a compromise exists with participant buy in, otherwise I figure maybe a bump before halving and sharp decrease thereafter and maybe some stability at +/- $600's. Halving is great, I'm just concerned that there won't be benefits until coin supply tightens say around October/November. Thoughts?

Sure... fair enough.  I think that your second statement is a bit more reasonable and open as compared to your first framing of the issue.  In your first framing, you were outlining such situation with apparently too much certainty, as if bitcoin is on some kind of timeline.

Yeah, none of us really knows where the price is going to go in the short term.... Maybe a bubble is less likely to occur in the coming months under the circumstances as you describe them, but a bubble  could still occur in the coming months, there is no real timeline for these kinds of matters, and some problems may be exaggerated a lot more as problems than they really are... for example some miners threatening to withhold support from seg wit without a blocksize limit increase may be deadly for themselves and they may not be in a position to really leverage such an illogical position.

To the extent feasible, I have been attempting to prepare my BTC portfolio for various possible price directions and scenarios.  I don't necessarily expect a price bubble in the coming months or even in the coming years or need one in order to profit from BTC, and I can even profit from some various downward BTC price corrections, even though I do much better if BTC prices go up rather than down, whether it goes up slowly or quickly.. and yeah, likely i would do a hell-of-a lot better if BTC prices were to go up quickly, but it seems unreasonable and irrational to demand such upward exponential BTC price performance in the short term or to suggest bitcoin is somehow debilitated merely because it is not experiencing some kind of explosive price growth period in the short term. 

If we expect or we are relying on such an explosive price performance period in the near future, then probably we have over invested in bitcoin, and we need to diversify a little bit in order to not be such a gambling addict.

[Mrpumperitis]

Vitalik Buterin the next Mike Hearn.

http://www.coindesk.com/r3-ethereum-report-banks/

http://www.coindesk.com/r3-ethereum-report-banks/
+1 GD READ, watch/read lol the MAESTRO IN ACTION , Vitalik educating the Trillion $$ world of finance 
 

[Mrpumperitis]

dont worry about the big green BTC...its just me buyin 

[kehtolo]

dont worry about the big green BTC...its just me buyin 

Good lad... keep it up! Buy ALL THE BITCOINS!!!!

[becoin]

dont worry about the big green BTC...its just me buyin 

Pumpy, you seem to be a bit nervous today.

[Fatman3001]

dont worry about the big green BTC...its just me buyin 

Pumpy, you seem to be a bit nervous today.

He's hodling a big bag of soon to be very cheap eth.

[Mrpumperitis]

dont worry about the big green BTC...its just me buyin 

Pumpy, you seem to be a bit nervous today.

He's hodling a big bag of soon to be very cheap eth.

lol, guys guys if u only knew what was happenin 

[becoin]

dont worry about the big green BTC...its just me buyin 

Pumpy, you seem to be a bit nervous today.

He's hodling a big bag of soon to be very cheap eth.

lol, guys guys if u only knew what was happenin 

Tell us, pumpy!

[Gillette]

So we are going to another step of bears slaughterhouse!

[Denker]

So we are going to another step of bears slaughterhouse!

Looks like that's what's going to happen. Poor bears!;D
Good start for this day so far.I'm hoping for 560-570 within the next 24 hours.

[Fatman3001]

dont worry about the big green BTC...its just me buyin  

Pumpy, you seem to be a bit nervous today.

He's hodling a big bag of soon to be very cheap eth.

lol, guys guys if u only knew what was happenin  

I do. You're cock teasing to get a good price for your bag of swag.

Quite desperately, I might add.

[Mrpumperitis]

dont worry about the big green BTC...its just me buyin 

Pumpy, you seem to be a bit nervous today.

He's hodling a big bag of soon to be very cheap eth.

lol, guys guys if u only knew what was happenin 

Tell us, pumpy!

im gonna use it to...

[Ted E. Bare]

My kids will thank me for buying bitcoins.
This is the opportunity of a lifetime.

[Fatman3001]

btc dump incoming btw....

Ok, so now you've provided something solid. Let's see if it pans out.

Edit: Aaaand he deleted his post. Will be interesting to see if he said too much or if he didn't want his crap called out.

[DaRude]

The plan for a HF is officially off the table. HK agreement breached.

https://www.reddit.com/r/btc/comments/4ma3gh/whats_the_current_status_of_cores_2mb_hf/d3tto83

Popcorn time!

And so it was. Guess market liked that news, or the west at least 

[petahashminer]

btc dump incoming btw....

Ok, so now you've provided something solid. Let's see if it pans out.

Edit: Aaaand he deleted his post. Will be interesting to see if he said too much or if he didn't want his crap called out.

lol he is just an early seller, or troll. i think with that provided note he can manipulates the whole BTC market. yeah yeah dump incoming.

[LFC_Bitcoin]

551 on Stamp, keep going my beauty. Hope this doesn't get dumped on.

[DaRude]

551 on Stamp, keep going my beauty. Hope this doesn't get dumped on.

Better they dump now