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

[600watt]

sent 0.5 btc (about € 300,-) this morning. 4 confirmations in 40 minutes. fee was 17 cents. yesterday a same sized transaction went through for 8 cents. imho, paying less than 0.1% fee feels not expensive at all. 

[adamstgBit]

sent 0.5 btc (about € 300,-) this morning. 4 confirmations in 40 minutes. fee was 17 cents. yesterday a same sized transaction went through for 8 cents. imho, paying less than 0.1% fee feels not expensive at all.  

just wait till lighting makes it so your fee is less then  half a cent and your TX confirms within 5 seconds

[BeadUsher]

EU proposes stricter rules on Bitcoin, prepaid cards in terrorism fight
"The European Commission proposed on Tuesday stricter rules on the use of virtual currencies and prepaid cards in a bid to reduce anonymous payments and curb the financing of terrorism.

Virtual currency exchange platforms will have to increase checks on the identities of people exchanging virtual currencies, such as Bitcoin, for real currencies and report suspicious transactions."

[JimboToronto]

Good morning (or should I say afternoon?) Bitcoinland.

Pretty much the same as yesterday.



Calm before what kind of storm?

[bitebits]

sent 0.5 btc (about € 300,-) this morning. 4 confirmations in 40 minutes. fee was 17 cents. yesterday a same sized transaction went through for 8 cents. imho, paying less than 0.1% fee feels not expensive at all.  

just wait till lighting makes it so your fee is less then  half a cent and your TX confirms within 5 seconds

@ -09:07 Roger Ver thinks it takes at least another year, and likely many years, before LN is ready on mainnet.
http://www.alexfortin.com/rogerver/

[Paashaas]

sent 0.5 btc (about € 300,-) this morning. 4 confirmations in 40 minutes. fee was 17 cents. yesterday a same sized transaction went through for 8 cents. imho, paying less than 0.1% fee feels not expensive at all. 

just wait till lighting makes it so your fee is less then  half a cent and your TX confirms within 5 seconds

@ -09:07 Roger Ver thinks it takes at least another year, and likely many years, before LN is ready on mainnet.
http://www.alexfortin.com/rogerver/

Roger likes bigger blocks not LN, he overreacts with ''many years''. Bitcoin cannot please everyone, hate it ore love it the LN ore Thunder is comming within 1 year.

[Karartma1]

Good morning (or should I say afternoon?) Bitcoinland.

Pretty much the same as yesterday.



Calm before what kind of storm?

Evening Jimbo,
yes maybe it is quite before the storm. And the forecast tells that, at least, there's a storm coming which is called halving. Something is going to happen, I don't believe this trading volume will happen much longer

[JimboToronto]

there's a storm coming which is called halving. Something is going to happen, I don't believe this trading volume will happen much longer

Yes, but it may not storm immediately. The day of the first halving was uneventful. It took a few months for the real action to start.

I'm sure by the year's end we'll see the effects of the second halving.

[BitUsher]

there's a storm coming which is called halving. Something is going to happen, I don't believe this trading volume will happen much longer

Yes, but it may not storm immediately. The day of the first halving was uneventful. It took a few months for the real action to start.

I'm sure by the year's end we'll see the effects of the second halving.

This , but there may be a short mini -pump right after the halving because nothing bad happens and market uncertainty is squashed. Than Segwit will be released and as the miners start to adopt it before BIP 9 activation we will see the start of the next large bubble.

The time to buy is now before that mini-pump. Take profits , than re buy for the real bubble.

I don't trust my fat fingers and will just keep placing orders to buy those dips and spot prices.

[JayJuanGee]

sent 0.5 btc (about € 300,-) this morning. 4 confirmations in 40 minutes. fee was 17 cents. yesterday a same sized transaction went through for 8 cents. imho, paying less than 0.1% fee feels not expensive at all.  

just wait till lighting makes it so your fee is less then  half a cent and your TX confirms within 5 seconds

@ -09:07 Roger Ver thinks it takes at least another year, and likely many years, before LN is ready on mainnet.
http://www.alexfortin.com/rogerver/

I read the blurb, and I listened to the interview.

Roger Ver comes off as general genuine, yet there is some kind of awkwardness to some of the unrealistic nature of his presentation.  It's like he has a beef with core, and a failure and refusal to accept that big blocks are not necessary at this moment.  It's like he is pushing big blocks for the sake of it, even though he claims that he is not.  It is possible that he is correct that Lightning Network could take a year to become somewhat practical on the mainnet, but it is possible also that he is exaggerating a bit in order to propagandize his fantastical premises that bitcoin needs big blocks ASAP.

In other words, Roger Ver is still acting like a bit of a big block fanatic.... without really having any kind of decent or technical explanation regarding why there is any kind of supposed need.

Regarding his bitcoin wealth, some folks speculate that he has nearly 100,000 coins, and I suppose that could be true.  If he bought many of his first coins around $1 per coin, he may have also traded a bit too, in order to increase the quantity of coins, so possibly even with an investment of less than $100k could have acquired nearly 100k coins over time, especially given the period in which he started to invest in BTC.

[JimboToronto]

Regarding his bitcoin wealth, some folks speculate that he has nearly 100,000 coins, and I suppose that could be true.  If he bought many of his first coins around $1 per coin, he may have also traded a bit too, in order to increase the quantity of coins, so possibly even with an investment of less than $100k could have acquired nearly 100k coins over time, especially given the period in which he started to invest in BTC.

I figure he probably acquired more coins from mining than from trading. Most of those probably cost pennies or less.

[Ted E. Bare]

Bitcoin Block Reward Halving Countdown:
Only 4 more days!

Reward drop ETA: Sat, 9 Jul 2016 17:31:50 GMT

[nioc]

there's a storm coming which is called halving. Something is going to happen, I don't believe this trading volume will happen much longer

Yes, but it may not storm immediately. The day of the first halving was uneventful. It took a few months for the real action to start.

I'm sure by the year's end we'll see the effects of the second halving.

This , but there may be a short mini -pump right after the halving because nothing bad happens and market uncertainty is squashed. Than Segwit will be released and as the miners start to adopt it before BIP 9 activation we will see the start of the next large bubble.

The time to buy is now before that mini-pump. Take profits , than re buy for the real bubble.

I don't trust my fat fingers and will just keep placing orders to buy those dips and spot prices.

Is it April yet? 

[JayJuanGee]

there's a storm coming which is called halving. Something is going to happen, I don't believe this trading volume will happen much longer

Yes, but it may not storm immediately. The day of the first halving was uneventful. It took a few months for the real action to start.

I'm sure by the year's end we'll see the effects of the second halving.

This , but there may be a short mini -pump right after the halving because nothing bad happens and market uncertainty is squashed. Than Segwit will be released and as the miners start to adopt it before BIP 9 activation we will see the start of the next large bubble.

The time to buy is now before that mini-pump. Take profits , than re buy for the real bubble.

I don't trust my fat fingers and will just keep placing orders to buy those dips and spot prices.

Is it April yet?  

April for what?  

Are you referring to trolling big blocker talking points about disappointment and implying some kind of emergency where none exists?  

Many folks have likely realized by now in respect to bitcoin and seg wit, it is much better to implement well tested and vetted changes to protocol and code rather than jumping into some bullshit rushed implementation that you do not even understand the various ramifications, and Ethereum and The DAO should be decent demonstrations of such rushed sloppiness.

Segwit and bitcoin seem to be a very solid and decent path at the moment with various little progresses on an ongoing basis, and even if it takes until next April or longer to get them going in a kind of meaningful way, bitcoin seems to be in very decent shape, on a technical level - given that it remains peer to peer and secure censorship resistant decentralization.



By the way Nioc, when did you get out of the blue and into the black?  Recently? 

I am in a similar situation, and currently, I am floating around 50% green, rather than my worser scenarios from early 2015 more than 50% red.  It feels pretty good and feels like a pretty decent cushion, though certainly not inevitable in any direction.. but the odds seem to be decently stacked with continuing upwards price pressures.  So, in that regard, it should feel good to be where we are at, no?, and maybe could feel greedy if we expect bitcoin to do too much, too quickly... Surely, the tortoise may well be the one that wins the race in the long run if not getting distracted and sabotaged, like could be for the rabbit.

[BitUsher]

Is it April yet?  

yep to be honest I was wrong in my estimates as I expected May , and should have assumed much more testing.

[yefi]

@ -09:07 Roger Ver thinks it takes at least another year, and likely many years, before LN is ready on mainnet.
http://www.alexfortin.com/rogerver/

Roger Ver of "Mt.Gox is fine" fame.

[European Central Bank]

doesn't roger ver himself admit that he knows little or nothing technically? when did he become an expert on this?

[BitUsher]

@ -09:07 Roger Ver thinks it takes at least another year, and likely many years, before LN is ready on mainnet.
http://www.alexfortin.com/rogerver/

Roger Ver of "Mt.Gox is fine" fame.

A year may be accurate . Expectations are 3rd Q this year from devs , but in reality there will likely be delays as they need to wait for segwit to activate and than test on testnet. But it is hard to say Because segwit has been on the main bitcoin testnet for over 1 month and i know of many developers testing LN right now as we speak so in reality we could see some early implementations this year.

[nioc]

@ -09:07 Roger Ver thinks it takes at least another year, and likely many years, before LN is ready on mainnet.
http://www.alexfortin.com/rogerver/

Roger Ver of "Mt.Gox is fine" fame.

He looks so natural and relaxed reading someone else's words off a screen. 

[European Central Bank]

i remember him saying he doesn't like being misquoted, or maybe freaking out and pulling out his balls, so writes everything down and recites it when he has to do a monologue. he still needs some practice.