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

[Hyperjacked]

How much longer will the market keep "catching its breath" before we move on?

My monkey says its probably the start of a 2-3 month slow-ish uptrend about now.

BTC has traded the same way since mt gox...it has violent moves and consolidates ! Rinse and repeat...it's all about the Bb charts right now! That's why I voted 650$ by July 31st when the poll came out.

Remember the longer it trades sideways in a tight range the more vicious the move!

It looks like the next high volume day will come sooner...imho

[nioc]

its been over a year now and my monkey is still saying >32,000 in < 2 years

Does that mean it will happen in less than a year?   Oh wait, you used the word "still". 

cant lie, starting to think he might be wrong.

Now you tell us? 

[Hyperjacked]

Are we rich yet?   

1455 days to go to the halvening....

See y'all in 98 feet east tonight. 

Trouble maker Where have you been all this time?

Give it a few months to see how the price reacts to limited supply of coins on the exchanges before you start laughing too much

Ha ha! always the same...

Just closed the deal on my new house yesterday, a deal that was brought forward about 6 months due to my Bitcoin windfall ( and a brexit bonus as well when buying Euros the morning of the brexit count  )

Just been busy with IRL stuff.  But I am now out of the bitcoin speculation game.  Just stashed a few to keep my hand in the game.

Congrats man! Cheers

[marcus_of_augustus]

yawn, altcoin gloating, how boorish.

[Hyperjacked]

yawn, altcoin gloating, how boorish.

Who's gloating...?

[rizzlarolla]

yawn, altcoin gloating, how boorish.

Who's gloating...?

Decred.. rethink digital currency.   

[hv_]

I agree the network adopting segwit and later LN is will be a historical moment in bitcoin.
segwit+LN is a fundamental shift ( way more then a 2MB HF would have been ) it WILL change the game, for the better or worst?? no way to know...

It would be worse, think about it...

Simply increase the block size as that satoshi said,
or change everything about Bitcoin because some beardy said.

Segwit fucks the miners, (oh and the decentralised nodes) LN fucks the miners.
The fees market fucks the users.
RBF fucks the retailers.

Segwit will never happen.
The miners hold the hash power.
It is cores last few weeks of presuming to control Bitcoin, I suspect.

Hehe, yes and they quickly put down all in patents so last try to go Turkish all in!

[rizzlarolla]

Generally when I refer to the status quo in my various posts on this blocksize limit raising topic, I am frequently asserting that both XT and Classic have failed to meet their evidentiary burden of production and persuasion in order to convince the status quo to adopt them or to work on their adoption.  Saying that XT/Classic have failed in this regard is not the same as saying that seg wit has succeed in this regard, even though likely I have said both, and even though of course, all of us should continue to recognize that seg wit remains a work in progress that is advancing little by little and continues to enjoy overwhelming levels of support demonstrating that its chances of becoming part of the status quo is quite likely (even though that outcome remains part of the future).

Times are changing. It is a dynamic world out there.

Core inherited their "coding" position by default.
The miners got into bed with core, believing they could deliver.
Core cannot deliver.

Divorce proceedings have started.
Miners will keep the blockchain, Core can keep their code.

[marcus_of_augustus]

Times are changing. It is a dynamic world out there.

The miners got into bed with core, believing they could deliver.

Miners will keep the blockchain, Core can keep their code.

such shit FUD ... Core delivers everytime, >100 high quality contributors serving up huge quantities of quality code

https://www.reddit.com/r/Bitcoin/comments/4tqb59/bitcoin_core_v0130rc1_binaries_are_available_for/

miners have spent not a milliBitcoin producing quality code (or even funding some Core devs (i have no idea why it's a no brainer for wealthy idiot miner to hire a Core dev or two??wtf idiot miners)) so until they do they will the run the best code out there, Core.

[BlindMayorBitcorn]

Good productive conversations today. I haven't once felt inclined to weigh in with inane chatter. Kuddos, boys.
PS. I think Marcus is probably right. 

[marcus_of_augustus]

https://blockchain.info/charts/miners-revenue?timespan=2year

idiot miners will be forced to stop selling or buy in the market ... revenue hasn't been this low since Dec. 2015

[DaRude]

https://blockchain.info/charts/miners-revenue?timespan=2year

idiot miners will be forced to stop selling or buy in the market ... revenue hasn't been this low since Dec. 2015

What do miners have to do with how much buyers are willing to pay per btc again?

[rizzlarolla]

Times are changing. It is a dynamic world out there.
The miners got into bed with core, believing they could deliver.
Miners will keep the blockchain, Core can keep their code.

such shit FUD ... Core delivers everytime, >100 high quality contributors serving up huge quantities of quality code

https://www.reddit.com/r/Bitcoin/comments/4tqb59/bitcoin_core_v0130rc1_binaries_are_available_for/

miners have spent not a milliBitcoin producing quality code (or even funding some Core devs (i have no idea why it's a no brainer for wealthy idiot miner to hire a Core dev or two??wtf idiot miners)) so until they do they will the run the best code out there, Core.

And Core have spent bugger all on mining?
The idiot miners didn't think they had to write their own code, of course, because they are idiots?

When the miners have written their code, Core will need to start mining their alt coin.
Do the idiots at Core realise that?

[marcus_of_augustus]

Times are changing. It is a dynamic world out there.
The miners got into bed with core, believing they could deliver.
Miners will keep the blockchain, Core can keep their code.

such shit FUD ... Core delivers everytime, >100 high quality contributors serving up huge quantities of quality code

https://www.reddit.com/r/Bitcoin/comments/4tqb59/bitcoin_core_v0130rc1_binaries_are_available_for/

miners have spent not a milliBitcoin producing quality code (or even funding some Core devs (i have no idea why it's a no brainer for wealthy idiot miner to hire a Core dev or two??wtf idiot miners)) so until they do they will the run the best code out there, Core.

And Core have spent bugger all on mining?

Core will need to start mining their alt coin.

Do the idiots at Core ...

totally out of your depth, dude. just shut it before you look completely silly ... roll another dooby, chillax and all that ... Core==bitcoin, there is only one bitcoin.

[respawn2]

The miners get their block reward (12.5 BTC) whether they include transactions or not. Transactions are a pretty insignificant percentage on top of that (bouncing between .3 and .5 BTC, here: https://www.smartbit.com.au/charts/transaction-fees-per-block).

If the miners come to an agreement among themselves not to include any transactions, the impact on their bottom line would be pretty small (12.5 BTC per block solved, vs. 12.9 BTC).
But the bargaining power that gives them...

[marcus_of_augustus]

^^ yeah all those mining agreements to destroy bitcoin are gonna work out awesome  ffs, get some new materials guise, this is some pathetic FUD shit

[respawn2]

^^ yeah all those mining agreements to destroy bitcoin are gonna work out awesome 

Dunno, better than the ones with Core individuals, that's for sure. The miners have a common goal, so don't see where you see a problem. No different than any labor union, am I right?

[mymenace]

The miners get their block reward (12.5 BTC) whether they include transactions or not. Transactions are a pretty insignificant percentage on top of that (bouncing between .3 and .5 BTC, here: https://www.smartbit.com.au/charts/transaction-fees-per-block).

If the miners come to an agreement among themselves not to include any transactions, the impact on their bottom line would be pretty small (12.5 BTC per block solved, vs. 12.9 BTC).
But the bargaining power that gives them...

cool sounds like our current economy, plenty of opportunity for gains

why tell people this when you can profit

[DaRude]

The miners get their block reward (12.5 BTC) whether they include transactions or not. Transactions are a pretty insignificant percentage on top of that (bouncing between .3 and .5 BTC, here: https://www.smartbit.com.au/charts/transaction-fees-per-block).

If the miners come to an agreement among themselves not to include any transactions, the impact on their bottom line would be pretty small (12.5 BTC per block solved, vs. 12.9 BTC).
But the bargaining power that gives them...

Yeah they're so profitable especially now, what's another 4% cut from their profit margins   and another 25%+ cut due to price tanking because of this retardedness

[respawn2]

The miners get their block reward (12.5 BTC) whether they include transactions or not. Transactions are a pretty insignificant percentage on top of that (bouncing between .3 and .5 BTC, here: https://www.smartbit.com.au/charts/transaction-fees-per-block).

If the miners come to an agreement among themselves not to include any transactions, the impact on their bottom line would be pretty small (12.5 BTC per block solved, vs. 12.9 BTC).
But the bargaining power that gives them...

Yeah they're so profitable especially now, what's another 4% cut from their profit margins   and another 25%+ cut due to price tanking because of this retardedness

No different than labor strikes.
Workers don't strike because they make too much, they strike because they don't make enough