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

[Ted E. Bare]

Bitcoin Block Reward Halving Countdown:
Only 34 more days!

[zimmah]

Good morning Bitcoinland.

Still trying to digest the move up past $580 I see.



Couple more days of generally sideways before the next leg up, or do our Chinese friends speed things up?

doubtful that the chinese will speed us through 4000 CNY.

massive barrier there, i think the west need to drag china from 3999 to 5001 before they will start carrying again.

Chinese are very superstitious, and the number 4 is very bad to them.

[StraightAArdvark]

Bitcoin Block Reward Halving Countdown:
Only 34 more days!

And only hours to the (>$15) drop. Not trading advice, have been wrong before.
But not often

[savetherainforest]

Bitcoin Block Reward Halving Countdown:
Only 34 more days!

And only hours to the (>$15) drop. Not trading advice, have been wrong before.
But not often

In exactly 10 hours you will see that move / drop then it will just probably pop back up to the normal trend. (so 10 hours from this moment of the post)

[nioc]

http://www.bloomberg.com/news/articles/2016-06-06/central-bankers-told-they-should-be-sprinting-toward-blockchain

So... with so many better experts/proponents of Blockchain and Bitcoin, then how the hell did this guy, Adam Ludwin, get an audience with Janet Yellen herself?

Isn't Chain just a small time bitcoin startup?

They say it's who you know but that is only part of it.

The other part is, it's how you do who you know.

[kodtycoon]

break out incoming v.soon

[elasticband]

Some very interesting trend analysis showing why bitcoin can't fail!

http://imgur.com/jBM4tq6

[SheHadMANHands]

[SheHadMANHands]

Some very interesting trend analysis showing why bitcoin can't fail!

http://imgur.com/jBM4tq6

is that the legendary, flared tongue Argentinosaurus that Satoshi talked about?

[Assmaster2000]

break out incoming v.soon

Hello from the future!

[ImI]

next stop 630

[SheHadMANHands]

Soon, it will be time for the bears to capitulate.  

Feel bad for the Ether bag holders, jumping in not-so-warm water shortly after a 15x increase.  Media like the Economist and NYT preaching a holy sermon all the while, and steering naive profiters away from Bitcoin.  Hype cycle, bitch.  Less uninformed Bitcoin hodlers, the better.  Send them to Ether.  

[ImI]

hope not, capitulation is often a reversal

[Syke]

doubtful that the chinese will speed us through 4000 CNY.

massive barrier there, i think the west need to drag china from 3999 to 5001 before they will start carrying again.

Chinese are very superstitious, and the number 4 is very bad to them.

I'd be fine with the west taking us to 5000 CNY.

[SheHadMANHands]

the creep continues..

[Ted E. Bare]

Will the bears buy back in after 600? They sure should. Maybe they'll join us at 700?

[Assmaster2000]

Will the bears buy back in after 600? They sure should. Maybe they'll join us at 700?

Because bitcoin is hip and happenin'?

[marcus_of_augustus]

Some very interesting trend analysis showing why bitcoin can't fail!

http://imgur.com/jBM4tq6

is that the legendary, flared tongue Argentinosaurus that Satoshi talked about?

... it is becoming clear now he meant dragons not dinosaurs.

[SheHadMANHands]

Will the bears buy back in after 600? They sure should. Maybe they'll join us at 700?

Because bitcoin is hip and happenin'?

Money is the simplest blockchain application (Bitcoin).  Logically it's protocol architecture shouldn't include the weight and unnecessary complexity of a smart contract system.  You put that shit on top (lisk).  

From a security perspective (think wealth storage), simplicity wins out.  A house with fewer windows and doors leaves less potential security holes.  Ethereum will probably never be the "internet of money", and it's yet to demonstrate the utility of it's smart contracts.  I believe it will (and hodling ether), but it isn't a sure thing.  Bitcoin, at least, already works as money and as a store of wealth.

So, yes.  Bitcoin is fucking hip as hell.  The original.   

[JayJuanGee]

Segwit RC soon to be deployed -

https://github.com/bitcoin/bitcoin/pull/8149

Get ready for a price boost when Segwit comes out of RC unscathed and miners start accepting it bring to an end one chapter of this drama and sending bitcoin in the right direction for scaling.

Thanks for the update

He purposefully ignored forgot a critical component of the mining pool vote to change Bitcoin's operation:



https://www.reddit.com/user/Jihan_Bitmain

Segwit will not be active on the network until Core releases binaries for the 2017 HF.

Yeah...
Good luck with that retarded and destructive approach...
DUMB
 

The party in need of (extreme) luck would be Blockstream, if they intend to see segwit activated without Antpool.

The specifics of the HK agreement were clear, and Jihan will be holding them to their word.

Besides, you don’t run a node. You have an exchange hold some bitcoin for you… which makes your opinions on protocol, node policy, and network capacity just embarrassing. Pls resume writing paragraphs of piffle as you farm up those sig ad penny shavings, friend.

Maybe it would help if you did not distort the facts?

The facts are more or less that XT/Classic failed to provide sufficient evidence or logic to support a protocol change that would involve a hard increase in the blocksize limit.  Accordingly, since there remains a lack of consensus for such position, there is no obligation for anyone to attempt to implement such a unnecessary change... that is only supported by a very small minority.... accordingly, the status quo continues, in which bitcoin is not broken.. and likely seg wit will be implemented and also achieve a consensus after a large majority of sensible folks realize that it is not controverted.

furthermore, your attempt to characterize the situation as some kind of blockstream manipulation is nonsense.  Bitcoin is decentralized, and therefore changes are difficult to achieve by any small group, whether that be blockstream, or the less popular but more whiny-vocal XT/Core criers over spilled milk.

That's part of the reason why I said good luck with attempting to continue to open cans of worms that really don't need to be opened, because bitcoin ain't broken and there is no emergency requiring such proposed remedies, such as making an immediate increase in the currently 1mb blocksize limit.