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

[Elwar]

I was talking to the owner of the local restaurant about bitcoin and he was considering accepting it. He likes that the fees are minimal compared to his credit card service, the no charge backs, the fact that the currency is not a government currency that is built to lose value, how he can send it all around the world within seconds.

But then he asked "is there any new development"?

I said not much, just some usual improvements at a stable pace as necessary for a developing new currency.

He immediately kicked me out of his restaurant and told me to never return.

[Elwar]

Please vote on supporting 2FA wallet services.

https://bitcointalk.org/index.php?topic=1621467.msg16300175#msg16300175

You know reducing hacks means fewer unexpected dumps 

2FA via Google Authenticator

2FA really turns me off of most exchanges. Since I cannot bring my phone to work I am stuck only using sites with 2FA at home. This sucks when I'm sitting at my computer at work and want to buy something or pay a bill or whichever.

I understand the reason for it, but Bitfinex also had 2FA which was completely bypassed.

[oda.krell]

This analyst is predicting a bloodbath and the start of another major bear market for Bitcoin - that could kill it.
https://www.youtube.com/watch?v=dQw4w9WgXcQ

Why looking for someone that far away for a good doomsday prediction? We have our very own RyNinDaCleM (one of the most competent traders I've ever had the pleasure of reading in here, btw) who some long time ago raised the possibility of a lasting bear market that (semi quote, from leaky memory) wouldn't be over while he's still alive.

Should probably add, I don't remember how serious I thought he was. Anyway, I don't think even he said anything about that killing Bitcoin though. Technical traders look at just that: market factors visible from price and volume (maybe a few more elements related to the process of trading). Leave the fundamental bs to the less successful traders

[standalone13]

Wait until the next halving the price will double 

[DARKHOLDER]

This analyst is predicting a bloodbath and the start of another major bear market for Bitcoin - that could kill it.
https://www.youtube.com/watch?v=dQw4w9WgXcQ

Oh my god--I sold all my btc😀

[log2exp]

He immediately kicked me out of his restaurant and told me to never return.

I doubt about your story, hahaha...

If it's true, you can try visit Austria and talk to people there? At least they know how to eat properly than Germans.

[Elwar]

He immediately kicked me out of his restaurant and told me to never return.

I doubt about your story, hahaha...

If it's true, you can try visit Austria and talk to people there? At least they know how to eat properly than Germans.

Nah, I couldn't hold a conversation in German. I can order food and survive. That's about it.

[Chainsaw]

This analyst is predicting a bloodbath and the start of another major bear market for Bitcoin - that could kill it.
https://www.youtube.com/watch?v=dQw4w9WgXcQ

Oh my god--I sold all my btc😀

That guy better not ever falter from an honest path, or he could seriously harm someone.

[JayJuanGee]

i guess this btc thing will stay at 6xx for decades before some new development (and/or) mass adoption happen... 

Are you prone to exaggerations, or what?

What makes you think that bitcoin is going to stay in the $600s "for decades"?  Sure it is possible, but you seem to be lacking any kind of insight based on reality or assessment.. or maybe you need a bit of patience?   

Sure, BTC prices have been in the $600s for 2-4 months, depending on how you look at the matter, but does this translate into decades.. .hardly. ... maybe you could argue or complain that we could be here for many more months, or even a year or two, ... but "decades?"  get real.

[JayJuanGee]

I was talking to the owner of the local restaurant about bitcoin and he was considering accepting it. He likes that the fees are minimal compared to his credit card service, the no charge backs, the fact that the currency is not a government currency that is built to lose value, how he can send it all around the world within seconds.

But then he asked "is there any new development"?

I said not much, just some usual improvements at a stable pace as necessary for a developing new currency.

He immediately kicked me out of his restaurant and told me to never return.

Another exaggeration...  (and I did not really think that you, Elwar, were the exaggerating type)

What bullshit.

[chopstick]

Core continues to strangle BTC's transaction capacity for some (idiotic) reason. Money still flowing into alts.

A large price drop is practically guaranteed.

[zimmah]

i guess this btc thing will stay at 6xx for decades before some new development (and/or) mass adoption happen... 

Are you prone to exaggerations, or what?

What makes you think that bitcoin is going to stay in the $600s "for decades"?  Sure it is possible, but you seem to be lacking any kind of insight based on reality or assessment.. or maybe you need a bit of patience?   

Sure, BTC prices have been in the $600s for 2-4 months, depending on how you look at the matter, but does this translate into decades.. .hardly. ... maybe you could argue or complain that we could be here for many more months, or even a year or two, ... but "decades?"  get real.

If we keep the 1MB blocksize limit we might also stay on $600 for decades.

But if we do increase the blocksize and the amount of transactions the blockchain can handle per second we should see more adoption and therefore higher prices as well.

[beastmodeBiscuitGravy]

I was talking to the owner of the local restaurant about bitcoin and he was considering accepting it. He likes that the fees are minimal compared to his credit card service, the no charge backs, the fact that the currency is not a government currency that is built to lose value, how he can send it all around the world within seconds.

But then he asked "is there any new development"?

I said not much, just some usual improvements at a stable pace as necessary for a developing new currency.

He immediately kicked me out of his restaurant and told me to never return.

Another exaggeration...  (and I did not really think that you, Elwar, were the exaggerating type)

What bullshit.

JJG, retarded as ever.

If we keep the 1MB blocksize limit we might also stay on $600 for decades.
[snip]

Maybe.

After The Great Economic Collapse ™ happens while BTC has the capacity of a medium sized shopping center... $600 might buy you a slice of bread.

[becoin]

i guess this btc thing will stay at 6xx for decades before some new development (and/or) mass adoption happen... 

Are you prone to exaggerations, or what?

What makes you think that bitcoin is going to stay in the $600s "for decades"?  Sure it is possible, but you seem to be lacking any kind of insight based on reality or assessment.. or maybe you need a bit of patience?   

Sure, BTC prices have been in the $600s for 2-4 months, depending on how you look at the matter, but does this translate into decades.. .hardly. ... maybe you could argue or complain that we could be here for many more months, or even a year or two, ... but "decades?"  get real.

If we keep the 1MB blocksize limit we might also stay on $600 for decades.

But if we do increase the blocksize and the amount of transactions the blockchain can handle per second we should see more adoption and therefore higher prices as well.

On the contrary. We should decrease blocksize if we want to stimulate innovation. Only expensive transactions will speed up development of projects like LN and sidechains.

[Ibian]

Please vote on supporting 2FA wallet services.

https://bitcointalk.org/index.php?topic=1621467.msg16300175#msg16300175

You know reducing hacks means fewer unexpected dumps 

2FA via Google Authenticator

2FA really turns me off of most exchanges. Since I cannot bring my phone to work I am stuck only using sites with 2FA at home. This sucks when I'm sitting at my computer at work and want to buy something or pay a bill or whichever.

I understand the reason for it, but Bitfinex also had 2FA which was completely bypassed.

The problem is people trust google. They are officially on team evil. Their motto of "don't be evil" should have been an obvious tell the whole time but eh.

Kraken uses yubikey. As far as I can gather, very secure.

[chesthing]

2fa ain't gonna stop an inside job.

[ImI]

wuz going on

[abercrombie]

is crypto done?? 

[BathSaltsDealer]

is crypto done??  

[peonminer]

She's gonna plop hard soon....