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

[r0ach]

Just flipped, damn... I went long earlier today at 685$, but since it looked slumpy 2 hours ago I closed at 692$... Aargh!

Good job, MatTheCat

[WaffleMaster]

Finex has been pulling at the reins all day, but China holding back... at least the 5k wall on Huobi was eaten, hopefully we can go up now.  It's a very interesting tug of war, but it's painfully obvious who's pulling the strings...

Who do you think is pulling the strings? The Chinese? Well if that's so maybe it is the so called "Mining Mafia" I hear about so often on this forum that is located there lol

[marcus_of_augustus]

Nodes are an enforcement mechanism, but by no means do they decide the size of blocks to be produced (until we hit the anti-dos limit from 2010 recently). If the dos limit was lifted, miners would resume sizing blocks according to their own supply curve and the demand curve they serve. I somehow doubt miners would cram all blocks full to the new limit with free transactions, it would not be in their own interest to strain the node network in such a manner.

I don't think you have a clue what miners would really do but just make shit up to serve your propaganda purposes ..

blah-troll-blah...  and you need Gregory and friends to protect you .... blah-spout-troll-blargh

You seem to have a fixation on this "gregory" character, like you are butthurt with something he did to your snowflake ego once. Bitcoin Core open source software is made up of at least 100 contributors who are free to come and go as they please and miners and nodes are free to run whichever version of the code they choose .... I run my own version that I build myself (you'd luv it if I ever released).

Sounds more like you want everyone to be 'protected' (as in mafia protection racket) by YOU and YOURS rather than choose for themselves?

[AZwarel]

Weekend rally preponed (is that a legit word?  )

[yefi]

Look, I'm not trying to sell you on ETH.

Let me put forward a supposition: deriding holders of Bitcoin hasn't been going well for you in the face of increasing prices (that now exceed your exit point), so you devised a strategy to latch on to eth instead. That way you can still deride holders that you told to sell in the $200s. You never bought in low, and you never did fantastically financially from eth.

[Luthier]

Finex has been pulling at the reins all day, but China holding back... at least the 5k wall on Huobi was eaten, hopefully we can go up now.  It's a very interesting tug of war, but it's painfully obvious who's pulling the strings...

Who do you think is pulling the strings? The Chinese? Well if that's so maybe it is the so called "Mining Mafia" I hear about so often on this forum that is located there lol

China is in full control.  They say up, we go up.  And vice versa.  If you sit and stare at the charts you can watch Finex and Stamp getting smacked around.

[marcus_of_augustus]

Look, I'm not trying to sell you on ETH.

Let me put forward a supposition: deriding holders of Bitcoin hasn't been going well for you in the face of increasing prices (that now exceed your exit point), so you devised a strategy to latch on to eth instead. That way you can still deride holders that you told to sell in the $200s. You never bought in low, and you never did fantastically financially from eth.

yep, bout sums it up ... there's a whole shitload of sold-out bull money sitting on r/btc, snowflake egos still butthurt over getting served up badly on the great blocksize purging ... now they'll be bitching and whining the whole way up about how shit bitcoin is working for them ... yeah, too right it is, they sold out before the next biggest rally EVER! lol, to the losers, yay for the new bitcoin winners, we needed some distribution before this rally anyway.

Also they'll be chasing the rocket all the way up the wall of worry so are a big source of new fiat money fueling the rally. Couldn't happen to a better bunch of disingenuous, back-stabbing, ungrateful bastards.

[2015Bubble]

okcoin going mental again 

[JayJuanGee]

The blockchains down, wtf....

Jew banker shills have sunk to an all new low of desperation attempts in disinfo tactics.

Don't say such horrific things man

The blockchains down, wtf....

Working superb actually.

http://blockchain.info

Yah fine now, sweet

I think that you are going to rightfully be called names when you are spreading spontaneous bullshit , whether yo spread that intentional or not.

[Fakhoury]

[adamstgBit]

[chesthing]

If China gov doesn't come out with another ban on bitcoin like last pump, WHO KNOWS HOW HIGH THIS WILL GO

[r0ach]

If China gov doesn't come out with another ban on bitcoin like last pump, WHO KNOWS HOW HIGH THIS WILL GO

$3200

[dumbfbrankings]

Look, I'm not trying to sell you on ETH.

Let me put forward a supposition: deriding holders of Bitcoin hasn't been going well for you in the face of increasing prices (that now exceed your exit point), so you devised a strategy to latch on to eth instead. That way you can still deride holders that you told to sell in the $200s. You never bought in low, and you never did fantastically financially from eth.

Keep on guessin' friend. I specifically told BMB that it was really risky to be buying ETH at the $14 top months ago. I have said that ETH acts as a hedge for me, a contingency plan in case Blockstream's grasp doesn't falter.

I've been in Bitcoin since the summer of 2011, heard about it originally on Steve Gibson's podcast. I've sold plenty along the way, some higher than today, some much lower. I've bought some damn good panics. The only reason I bitch so much about this issue is because I care. It pains me to see BTC's huge advantage being chiseled away.

When I go silent for good, you'll know I've sold everything and am not coming back. Criticism and dissent are an important factor in avoiding group-think, you should be thanking me.  

[Fakhoury]

If China gov doesn't come out with another ban on bitcoin like last pump, WHO KNOWS HOW HIGH THIS WILL GO

You reminded me of this

[chesthing]

If China gov doesn't come out with another ban on bitcoin like last pump, WHO KNOWS HOW HIGH THIS WILL GO

$3200

$40k

[Fakhoury]

If China gov doesn't come out with another ban on bitcoin like last pump, WHO KNOWS HOW HIGH THIS WILL GO

$3200 $32,000

FTFY

[ssmc2]

Are you saying then that if we break 4800 again the next stop is ATH?

It will be cut like butter IMHO

[600watt]

Been quietly waiting for this for > 2 years

two years of agony, tears, blood, panic, indifference, hope, delusion, and strength. congrats to all hodlers. historic mega harvest incoming for you.

[AZwarel]

None ever mentioned money velocity in respect to tx/sec and blocksize arguments. It does not matter up until a point if you get confirmation in the next block, or tomorrow (unless you want to spend the same utxo in a short time cycle again) if you will not spend that anyway for weeks (the velocity is unlinked with actual tx/s).

If i pay my coffee, i do not care anymore if it would take 10 mins or 10 days, and most likely the coffee shop owner neither, for his got 100/day incoming txs, and he only has to pay suppliers a few times/month. So the actual economic activity that Bitcoin today can serve is way more than a mere 7tx/sec imo.

Not to mention, once in the mempool with "enough" fee, the receiver can be sure to have those bitcoins in a few hours, max days, but never have to deal with charge backs, unlike credit cards (obviously up until a point which we are faar away yet)!