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

[notme]

https://tradeblock.com/bitcoin/

1.2 Million BTC in motion, $1.35 billion worth.
112k transactions
64.5MB, will take 10.75 hours to clear assuming now new transactions (good luck with that)

The market could easily overheat here if people can't move their coins to the exchanges to cool it off.

But transactions per second is at 4, which is within BTC's ability. I see the 60mb figure, but how are they conflicting? (Yeah, I don't get this)
Thanks in advance for an explanation.

BTW - Kind of funny that bitcoins limitations can slow a move down...

Its about sharing

7tps is with minimum size transactions.  In practice the average transaction is much larger.  Also, the rate has exceeded 4tps for periods in the past couple days.

[pleaseexplainagain]

Bitstamp fomoing? 1155USD!
Looks like the old ATH can be crashed today already with a bit more of steam.
Kraken also close to create another new ATH.
Exciting day so far.
But I'm not sure about the actual situation.Look at the weekly chart and that massive green candle we see at the moment. There will be some correction coming imo.

this will seem a bit of a downer to many but didn't willybot create the ATH along with many real people jumping in. Since the price finished around $250 after the party then the moment we went past about $400 to me seems we set the new ATH.

the question we should be all asking is what % of the current price do we think is manipulation by a few insiders with large holding or easy access to cash to buy. (A far more agile creature than willy).
I put it about 80% ie at any time i think the price could suddenly be about $300. Never the less I buy slowly at the going price knowing that over time the price will be $5000+ and even if it drops then my buying today at 1155 is ok.

buy and hold and repeat

[K~Ehleyr]

Hello, NEW EURO ATH on Kraken!!!!!!!!!!!!!!!!!!!!!!!  Whoop whoop!!!!!!!!!!!!!!!!!! 

[jackjack]

Hello, NEW EURO ATH on Kraken!!!!!!!!!!!!!!!!!!!!!!!  Whoop whoop!!!!!!!!!!!!!!!!!! 

IMO only the BTCUSD would count as ATH, but great sign


Only $5 left

[Paashaas]

This is so much fun holding this rocket to a new ATH and beyond

[ErikvanBreen]

Choo Choo! grab your bitcoins because this is going to be a fun ride, Choo Choo!

[Ted E. Bare]

We are approaching all-time high prices and bitcoin is not even mainstream yet. Imagine the future exchange rates.

[GreekGeek]

CCMF!!!

wake me up on March 10th

[LFC_Bitcoin]

Soon my friends.....

[600watt]

Soon my friends.....

in honour of the new € ATH:

[jackjack]

Crash incoming?

First SHA1 collision: https://phys.org/news/2017-02-cwi-google-collision-industry-standard.html
People will be like "SHA1 is broken, Bitcoin uses SHA256, SHA is like SHA, so Bitcoin is BROKEN!!! SELLLL!1!"

[Fakhoury]

Crash incoming?

First SHA1 collision: https://phys.org/news/2017-02-cwi-google-collision-industry-standard.html
People will be like "SHA1 is broken, Bitcoin uses SHA256, SHA is like SHA, so Bitcoin is BROKEN!!! SELLLL!1!"

If there is a crash incoming, you wouldn't be asking about it here because you will witness it among all of us.

So don't worry and enjoy the show

[Kramerc]

Crash incoming?

First SHA1 collision: https://phys.org/news/2017-02-cwi-google-collision-industry-standard.html
People will be like "SHA1 is broken, Bitcoin uses SHA256, SHA is like SHA, so Bitcoin is BROKEN!!! SELLLL!1!"

Please go ahead!

[petahashminer]

Crash incoming?

First SHA1 collision: https://phys.org/news/2017-02-cwi-google-collision-industry-standard.html
People will be like "SHA1 is broken, Bitcoin uses SHA256, SHA is like SHA, so Bitcoin is BROKEN!!! SELLLL!1!"

lol, funniest news i have ever heard since 4 years..

sha1 ? sha256

are they same lol 

ok sell!

[Paashaas]

Holy Cow, Bitcoin is unstoppable!

[d5000]

Bitcoin is BROKEN!!! SELLLL!1!"

That's true, but because of the blocksize stalemate ;P . That's why I think the current price upswing will not last very long if there is no "politic" change. We can go to $1500 or even $2000 and then crash really hard in front of 1 million ... unconfirmed transactions.

For the moment, I'm thinking about this scenario (Bitstamp prices):

- $1160/63 for now will hold (still much resistance)
- little downswing to $1140
- the second third intent will win and go above the old ATH.

[kehtolo]

Its almost 5pm here in EU - I finish work in 12 minutes (prob. less when this is posted)

I wanna try and get home as quick as possible, grab myself a beer and watch that ATH being passed. I may even doobie celebrate.

Just, please, for the love of god bitcoin, don't do anything too rash for the next half hour!! PLeeeeezeeee!!!

EDIT: The next 24 minutes are CRITICAL!!!!

[Meuh6879]

First SHA1 collision: https://phys.org/news/2017-02-cwi-google-collision-industry-standard.html

Newer versions of eMule support AICH (Advanced Intelligent Corruption Handling). It is meant to make eMule's corruption handling competitive with BitTorrent. SHA-1 hashes are computed for each 180 KiB sub-chunk and a whole SHA-1 hash tree is formed. AICH is processed purely with peer-to-peer source exchanges. eMule requires 10 agreeing peers regarding the SHA-1 hash, so rare files generally do not benefit from AICH.

https://en.wikipedia.org/wiki/EMule

it's a P2P network, too ... but this network is free. 

[600watt]

Its almost 5pm here in EU - I finish work in 12 minutes (prob. less when this is posted)

I wanna try and get home as quick as possible, grab myself a beer and watch that ATH being passed. I may even doobie celebrate.

Just, please, for the love of god bitcoin, don't do anything too rash for the next half hour!! PLeeeeezeeee!!!

EDIT: The next 24 minutes are CRITICAL!!!!

lol'd hard.

i´ll turn my vaporizer on in 60 minutes. cheers. 

[JimboToronto]

An extra pleasant good morning to all the ladies and gentlemen of Bitcoinland.

Another day, another modest leg up.... currently $1147USD at Bitcoinaverage and still not running away.

For us Canucks, it's back up over $1500. Hopefully today's the day the USD joins the ATH party.

Gotta love this steady growth. Go Bitcoin go. Onward and upward.