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

[jbreher]

BTC as their intergalactic currency tomorrow

Absurd. The speed of light makes the ten-minute block interval unsuitable for even Earth-Mars currency.

[jbreher]

Antpool just started mining BU blocks.

And there seems to be some brewing drama regarding UASF and dingy miners who are threatening to split the network with BU (shitcoin)

The sooner Chinese miners are sold for body parts by their government the better. They shouldn't have the power that they do. Let them fork off but it would be a worry unless there was some way of truly disposing of them with a PoW change. That may well invalidate the non BU miners too though.

You do realize that UASF is User Activated Soft Fork, right? Don't be hatin' on the miners for that.

[jbreher]

Actually its a bit hard for me to understand how someone who has invested millions in hardware can risk that by running untested stoftware coded by some hobby programmers...

They're not. They're running BU.

[jbreher]

Acutally if a hostile fork happens then almost the whole network will reject the invalid blocks
They could fuck up bitcoin really bad.

If almost the whole network rejects these blocks, then in what way will it 'fuck up bitcoin really bad'?

[gentlemand]

https://www.reddit.com/r/BitcoinMarkets/comments/5xtgjc/megathread_etf_part2/delkwcp/

Fake ETF denial sparks insta panic. There's a wee taster if it's a genuine no.

[jbreher]

https://www.reddit.com/r/BitcoinMarkets/comments/5xtgjc/megathread_etf_part2/delkwcp/

Fake ETF denial sparks insta panic. There's a wee taster if it's a genuine no.

What panic? No sudden moves showing on coinmarketcap.

[notme]

https://www.reddit.com/r/BitcoinMarkets/comments/5xtgjc/megathread_etf_part2/delkwcp/

Fake ETF denial sparks insta panic. There's a wee taster if it's a genuine no.

What panic? No sudden moves showing on coinmarketcap.

Somebody's watching the 5 minute chart and hasn't realized that the $5 range today makes tiny moves look huge.

[marcus_of_augustus]

Sideways consolidation after week of ATHs ... most excellent action. Bullish AF.

This BU Woo shit stinks or wtf?! Is that guy high on meglomania? Rogue majority miner is inviting some serious hurt to open up on his sorry ass.

[Dafar]

Sideways consolidation after week of ATHs ... most excellent action. Bullish AF.

This BU Woo shit stinks or wtf?! Is that guy high on meglomania? Rogue majority miner is inviting some serious hurt to open up on his sorry ass.

Fuck Jihan, fuck BU and fuck Roger Ver + dumbass crew ....this is just another bump on the road like XT, ghash.io, Gox,  etc etc

[edgar]

Bitcoin is too volatile to act as a currency.

After all that time you've only just figured that out? Off you go then and let me offer a friendly pat on your silky buttock to help you along. If you find a cheeky finger in your crack then I hope you take it in the spirit it was intended.

[Chef Ramsay]

Nobody is talking about March 15th when the US debt and spending is capped at $20 trillion. This is uncharted territory, folks. Forget the ETF news for a second, briefly. This is gonna make fiat unstable alongside the upcoming Fed rate hike. If the ETF does get approved eventually, then OMG.

[MNDan]

Oh well - gg ETF... :-(

[Lauda]

Bitcoin is too volatile to act as a currency there will be soon no point to owning it.

Such volatility:


 

Oh well - gg ETF... :-(

Stop panicking. There are no news yet.

Sideways consolidation after week of ATHs ... most excellent action. Bullish AF.

Looks like it is either that, the sudden BU blocks by Antpool or the fake ETF panic on some subreddit is what caused weak hands to get flushed out.

[MNDan]

It'll get to your "news sources" eventually.

[Lauda]

It'll get to your "news sources" eventually.

Yeah yeah, 50% of being right, 100% expecting "I told you so." by either side who was just guessing about the outcome like everyone else. Give me a break.
1 day ago there was someone with 'insider' info claiming it will be announced tomorrow with a positive result. One of you must be right.

[MNDan]

Who said it would be tomorrow? :-)

[numismatist]

Bitcoin is too volatile to act as a currency.

After all that time you've only just figured that out? Off you go then and let me offer a friendly pat on your silky buttock to help you along. If you find a cheeky finger in your crack then I hope you take it in the spirit it was intended.

Neither should a Mastermind present such simple conclusions from all of that hard thinking, nor should a gentlemand talk like that foul mouth!
Behave people, be nice to each other.

[bones261]

I just asked Siri about the EFT approval using eight ball and she said, "Nope."  

[Searing]

I just asked Siri about the EFT approval using eight ball and she said, "Nope."  

I keep thinking it may be a hidden message from the powers that be approving such...they come out on the last day and say NOPE
well that is a statement of what those in power think of BTC and crypto (the old heave ho and FU)

Remember the IRS in 2013 with 10 days before the april 15th deadline ....dumped the 2013 IRS guidelines on BTC on the world
as a big FU.....what a cluster to get that re-done on taxes (mining and otherwise)

on the other hand..if it passes by NOTHING being said.....wink/wink/nod/nod.... I guess that would be a statement in itself
(a confusing one to me..but a statement imho none the less)

If they just plain announce they are accepting BTC in the next few days with coherent reasons etc...that would be our best outcome
(nothing to see here press..just another ETF..bitcoin is legit ..move along)

Anyway we will be the first to know I guess no later then March 13th 2017 I guess

[Karartma1]

I just asked Siri about the EFT approval using eight ball and she said, "Nope."  

Asked Cortana too: she also said nope.