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

[xyzzy099]

Blockchain announces alpha release of Lightning Network 

Hate it ore love it, Bitcoin will go from 7ts to 100kts+.

https://cointelegraph.com/news/the-crack-of-thunder-blockchaincom-announces-alpha-release-of-lightning-network

what is CSV? (in bitcoin, i don't mean the filetype).

CSV is checksequenceverify.  It allows bitcoin transactions to be locked until a relative time from when the transaction is included in a mined block, as opposed to CLTV (checklocktimeverify) which allows a transaction to be locked until a specific time or block height.

https://github.com/bitcoin/bips/blob/master/bip-0112.mediawiki

[tomothy]

Revolt against Bitmain? LOL. Right, who else is producing mining hardware these days? Remind me? Spoondolies? KNC? Hmmmmmm?

[BitUsher]

Revolt against Bitmain? LOL. Right, who else is producing mining hardware these days? Remind me? Spoondolies? KNC? Hmmmmmm?

1) 21
2) Bitfury
3) Avalon

OR

AMD/ATI
NVIDIA

If we needed to. It would certainly solve many of our problems by switching algo's and better to do it now than later.

[Assmaster2000]

At least one person disagree with you. Happens to be an important one.

https://www.reddit.com/r/Bitcoin/comments/4l564f/bitcoin_core_nonirc_meeting_summary_for_20160520/d3kr1rj

If BITMAIN decides to block or delay segwit because only some of core developers agree with Luke's HF proposal than there will be a revolt against Bitmain and possibly any miners that support this unreasonable position.  

Did I do good, senpai?

[tetra]

Really looking forward to the Bitcoin Block Reward Halving. With this price level, and if logic will prevail, we should see a natural upward price movement at least towards 850$.

But logic very often does not work. 

$700 is the first target...we'll see further from there.
Actually I think the halving hype will take it to the  old ATH. And I doubt it'll break it.

[spooderman]

is stamp's liquidity always this low?

[savetherainforest]

This is so F'ing mental... it looks like a rocket... it smells like a rocket... it must be a rocket! 

[becoin]

is stamp's liquidity always this low?

Why do you think it's low?

[spooderman]

is stamp's liquidity always this low?

Why do you think it's low?

a 3.5k btc buy would take us over ath

[TaurusBit]

[koryu]

All time high for coinbase / GDAX with the oldschool bitcoinity animation

[Paashaas]

Just came home from a long working day but wow a $25 increase..nice! Just like last week the pump started on friday's.

Some people expecting going below $500 again and sold

[Gillette]

I wonder where all dear bears have disappeared  

It`s clear they are all annihilated!

[pinger]

All time high for coinbase / GDAX with the oldschool bitcoinity animation

I saw this image lots of time, I love to see them again

[becoin]

is stamp's liquidity always this low?

Why do you think it's low?

a 3.5k btc buy would take us over ath

3500 bitcoins is not a small amount for a single bitcoin exchange. It is more than 0.02% of all bitcoins in circulation. Just imagine what will happen if somebody dumps 0.02% of all fiat in circulation in the world for bitcoins on a single exchange?

[julian071]

It Is Happening also to the other cryptocurrencies..... falling like a brick, money flowing back to BTC.

[2015Bubble]

I wonder where all dear bears have disappeared  

It`s clear they are all annihilated!

They are long 

[petahashminer]

all four markets , west and east, huobi okcoin bitstamp and bitfinex are at the same price @ $ 565

arbitrages are done, now to the moon again?

[Fatman3001]

Revolt against Bitmain? LOL. Right, who else is producing mining hardware these days? Remind me? Spoondolies? KNC? Hmmmmmm?

1) 21
2) Bitfury
3) Avalon [pffff... go ahead, try to compete with Bitmain with Avalon gear]

OR

AMD/ATI
NVIDIA

If we needed to. It would certainly solve many of our problems by switching algo's and better to do it now than later.

Ok, so you and Luke will, to quote "HDbuck & The Nasty Bunch", "fork off"? Good riddance!

[BitUsher]

all four markets , west and east, huobi okcoin bitstamp and bitfinex are at the same price @ $ 565

arbitrages are done, now to the moon again?

Without China Dragging us there, we will more likely see some consolidation as 4.77% is very quick, but there has been some recent favorable press in the west that could continue this rally.

http://www.businessinsider.com/bitcoin-has-been-on-explosive-rally-2016-6

http://www.forbes.com/sites/laurashin/2016/06/02/4-reasons-why-bitcoin-represents-a-new-asset-class/#1a6757c55ce5

http://www.pymnts.com/news/bitcoin-tracker/2016/bitcoin-price-surge-trends/