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

[starmman]

Haha, got to live bitcoin - I go out for lunch and my 1200 and 1170 buy order were hit, and its on the way back up again.

[jackjack]

Same story, again
PBOC moves a finger, Bitcoin moves 10%

Meanwhile at PBOC:

[jossiel]

This dump is quite dissapointing guys. The dumps are getting smaller and smaller every year. The volatility of bitcoin is improving fast! Bitcoin is growing up! TO tha MOON

Too bad for you but I'm a bit disappointed when seeing the price to fall and be dump. And seeing the price to come back again makes me fly high.

And that's a sure thing now with bitcoin it's flying high to the moon though the price fall a couple of tens a few moments ago.

It's fluctuating and I guess it's getting ready again to pump higher.

[spooderman]

we got problems right now imo.

the game theory of the blocksize split is becoming interesting to say the least.

it annoys me that it had to come to this, but bitcoin was always going to be attacked in the worst ways possible and this has proven to be the most effective.

right now we are on a jumbo jet mid flight, that so far (and thanks to the hard work of stunning people) has not crashed (no pun intended).

during this flight a bunch of passengers with poor understanding have decided that the pilots and engineers are clueless and need to be undermined.

how anyone thinks making the blocksize larger would solve anything (other than temporarily buying some time at the cost of sacrificing some decentralisation) in the long run is beyond me.

i've been in this thread for years and hedl through all the unpleasantness we have encountered without complaint.

i can handle propaganda campaigns, china bans, governments buying and dumping at opportune times, volatility, and year long bear markets.

i'm finding it very difficult to handle the sheer idiocy that is bitcoin unlimited.

(in all earnestness, i am not qualified to judge the code itself, if there is something that you think i don't realise about big blocks, please point it out to me. my mind is open).

[podyx]

text

The blocksize will obviously need to be larger or the fees will become too big. Why is that hard to understand tho?

[bitcoinvest]

no matter the block size that i will not comment, talking about the price movement today we have a massive movement and a downtrend seriously. put the charts in the 15 minutes or 1 day doesn't matter. there a a good bounce back at this moment but prove me wrong i think that in some exchanges happened and is happening a very good organized sell...
i don't care about ETF and never will since we don't really need it. the point is that we all realized today that our dream to the moon need wait, and we don't know for how long.
If you are holder you don't care but if you are trader you may or have not won money today or lost but the fact is that many people don't like this volatility. Keep in mind...
we was much better when we was stable and at lower prices...this rally for up the last month is something that will have a correction and maybe bigger from what we saw today.. in my personal opinion this is not finished yet

[becoin]

text

The blocksize will obviously need to be larger or the fees will become too big. Why is that hard to understand tho?

The fees need to become too big to accelerate development of long term scaling solutions like LN. Why is that hard to understand tho?

[600watt]

now i know what this dump is all about:

this is a "silk-road-got-busted" style dump. check the 2013 charts. check the dip before the mega rise in oct. hodlers enjoy...

[Lauda]

text

The blocksize will obviously need to be larger or the fees will become too big. Why is that hard to understand tho?

You can't increase the block size without severely damaging the network as much as certain *groups* can spam it. A block size increase *solves nothing*. This is also quite likely going to negatively impact the price.

during this flight a bunch of passengers with poor understanding have decided that the pilots and engineers are clueless and need to be undermined.
-snip-

This is what it is in a tl;dr sense. Quite the absurd situation if you present it with a fitting analogy.

[Paashaas]

So, the BU Chinees mining Cartel Roger Ver are buying hashing power.     

[abercrombie]

is crypto done??  

[Torque]

text

The blocksize will obviously need to be larger or the fees will become too big. Why is that hard to understand tho?

The fees need to become too big to accelerate development of long term scaling solutions like LN. Why is that hard to understand tho?

The current code has a true "bug" (i.e., transaction malleability) that miners seem unwilling to fix (with SW). If miners won't fix semi-serious bugs now, then what trust do we have for them accepting fixes for more serious bugs going forward?

Why is that hard to understand tho?

[Coinnosaurus]

is crypto done??  

and then a red dildo after the green candle and so forth

[Ted E. Bare]

I was wrong! Bottom is lower.

[TrueCryptonaire]

...

we was much better when we was stable and at lower prices...this rally for up the last month is something that will have a correction and maybe bigger from what we saw today.. in my personal opinion this is not finished yet

Price is not stable at lower...
The price will be stable when there is enough liquidity. E.T.F. will bring significant amount of liquidity which in turn will drive the price to the moon and perhaps beyond.
Some hedgefunds are  not interested in Bitcoin (not to mention to Monero) because the markets are too thin and even 100 million usd (which is a play money for an institutional investor) will drive the price of bitcoin nuts. If E.T.F. will get approved (which is unlikely), the price might rise as high as 100 000+ usd especially if the E.T.F. will get funds.

[becoin]

text

The blocksize will obviously need to be larger or the fees will become too big. Why is that hard to understand tho?

The fees need to become too big to accelerate development of long term scaling solutions like LN. Why is that hard to understand tho?

The current code has a true "bug" (i.e., transaction malleability) that miners seem unwilling to fix (with SW). If miners won't fix semi-serious bugs now, then what trust do we have for them accepting fixes for more serious bugs going forward?

Why is that hard to understand tho?

Increasing blocksize will not fix transaction malleability. It will make the "bug" even bigger. Why is that hard to understand tho?

[Torque]

text

The blocksize will obviously need to be larger or the fees will become too big. Why is that hard to understand tho?

The fees need to become too big to accelerate development of long term scaling solutions like LN. Why is that hard to understand tho?

The current code has a true "bug" (i.e., transaction malleability) that miners seem unwilling to fix (with SW). If miners won't fix semi-serious bugs now, then what trust do we have for them accepting fixes for more serious bugs going forward?

Why is that hard to understand tho?

Increasing blocksize will not fix transaction malleability. It will made the "bug" even bigger. Why is that hard to understand tho?

Agreed. Why is that hard (for the BU lynch mob) to understand tho?

[bitcoinvest]

...

we was much better when we was stable and at lower prices...this rally for up the last month is something that will have a correction and maybe bigger from what we saw today.. in my personal opinion this is not finished yet

Price is not stable at lower...
The price will be stable when there is enough liquidity. E.T.F. will bring significant amount of liquidity which in turn will drive the price to the moon and perhaps beyond.
Some hedgefunds are  not interested in Bitcoin (not to mention to Monero) because the markets are too thin and even 100 million usd (which is a play money for an institutional investor) will drive the price of bitcoin nuts. If E.T.F. will get approved (which is unlikely), the price might rise as high as 100 000+ usd especially if the E.T.F. will get funds.

When in the history of this planet the simple people had the power to do things like this? can you imagine an early adopter that holds 500 BTC or lets say something like 20BTC?
You really believe the people who run the show on the system will allow this to happen ? can you imagine 100.000+ usd x 20 or 100? who think they will let create millionaires just like that?
not that i not believe it or i am pessimistic or anything like that. But really do you believe they will let this happen so easily ?

[Yves_Oluchione]

So, the BU Chinees mining Cartel Roger Ver are buying hashing power.     

https://i.imgur.com/2ccl2mr.png

I'm amazed how many peoples joined to this troll-corrupted organized system that is BU
Their solutions is nothing more than a non-intelligent short term upgrade of the number of transactions
But the size of the Blockchain will grow exponentially higher than with little block
Why do they want to hurt the bitcoin network and his community ?

[TrueCryptonaire]

...

we was much better when we was stable and at lower prices...this rally for up the last month is something that will have a correction and maybe bigger from what we saw today.. in my personal opinion this is not finished yet

Price is not stable at lower...
The price will be stable when there is enough liquidity. E.T.F. will bring significant amount of liquidity which in turn will drive the price to the moon and perhaps beyond.
Some hedgefunds are  not interested in Bitcoin (not to mention to Monero) because the markets are too thin and even 100 million usd (which is a play money for an institutional investor) will drive the price of bitcoin nuts. If E.T.F. will get approved (which is unlikely), the price might rise as high as 100 000+ usd especially if the E.T.F. will get funds.

When in the history of this planet the simple people had the power to do things like this? can you imagine an early adopter that holds 500 BTC or lets say something like 20BTC?
You really believe the people who run the show on the system will allow this to happen ? can you imagine 100.000+ usd x 20 or 100? who think they will let create millionaires just like that?
not that i not believe it or i am pessimistic or anything like that. But really do you believe they will let this happen so easily ?

If 1 btc is 100 000 usd and you have 500 btc, you probably cannot even buy a flat from Trump Tower... It is so small amount of money. My advice for you is to think bigger and have bigger eyes.