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

[Torque]

Yep, I've got more processing power in my pocket then all of NASA had when they put a man on the moon. <s>But hey - technology will never advance to allow anyone who wants to make a transaction on-chain whenever they want</s>.

I didn't say 'never'. I said how Bitcoin is *currently* architected/designed. If one day the devs change that and it gets accepted, then I'm sure Bitcoin can be made to scale better. Or maybe not, maybe off-chain solutions are better in the long run.  Either way, I'm sure that the Bitcoin ecosystem will change dramatically in the next 20 years.

So I'll just go back to operating my BU node, thereby signaling my preference for larger blocks (currently EB 2MB, AD4). You?

You probably won't be running a BU node in the future, so don't get so attached.  But I thank you for participating at all.

[podyx]

Remarkable recovery

[york780]

They are closed since february 9. And they allow withdrawal again on march 9. Maybe this will givs an dump or pump i dont know.

[Stevenirving]

They are closed since february 9. And they allow withdrawal again on march 9. Maybe this will givs an dump or pump i dont know.

I have to assume it will be a pump. This sort of things always ends that way. Exciting!

[Stevenirving]

Going out on a limb here and saying we'll break $1300 tonight or tomorrow

After watching that dump and amazing recovery, it seems really plausible.

[JayJuanGee]

Remarkable recovery

We all know that there is exchange variation, but did you see that low dip on GDAX.... WOW!!!!


All the way down to $1050.    It could have been possible to make some good dinero on that situation.


I do have a GDAX account, but was not really able to take advantage of this situation... so sometimes cannot really trade the dips, if you are busy with other things and do not set your orders....... .. But, yeah, some exchanges had bigger dips than others.  some were nearly 10% and GDAX was approaching the 18% to 20% dip territory, and nearly completely recovered within hours.  WOWZA!!

[GreekGeek]

Hey guys

So what is going on with this fork issue?
Is it something we should worry about in the near future?

[Ibian]

Gonna hit 1500 before any serious setbacks at this rate.

[AlexGR]

Roger Ver is the BIGGEST hypocrite in the Bitcoin space.

This guy has sold almost all of his bitcoins a year ago to invest in dubious business projects. Now he is mad to see he had lost a fortune and could have done much better if he had just hodled his bitcoin stash. He is craving for cheaper bitcoins.

I doubt he's going broke anytime soon. If I were the NSA, he would be among the primary actors (along with other vocal proponents) I would pay handsomely to damage bitcoin by forking it - and proving that Bitcoin is unreliable as money, as investment - as anything.

Nobody can fork gold and make your gold coins and coin bars worthless. If bad actors manage this in Bitcoin then that'll be pretty ugly for Bitcoin and I think Satoshi will indeed materialize his warning[1] of coming back and declaring it a failure, due to getting beaten from a social engineering attack vector.

I think this vector needs to be closed down with an automated algorithmic increase of some sort that will eliminate disagreements that can be used for social-engineering a fork.

[1] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

[BitcoinNewsMagazine]

Gonna hit 1500 before any serious setbacks at this rate.

Watch $1380 Bitstamp as a possible short term high. Longer term $1800, $2800, $3800

[Ibian]

Roger Ver is the BIGGEST hypocrite in the Bitcoin space.

This guy has sold almost all of his bitcoins a year ago to invest in dubious business projects. Now he is mad to see he had lost a fortune and could have done much better if he had just hodled his bitcoin stash. He is craving for cheaper bitcoins.

I doubt he's going broke anytime soon. If I were the NSA, he would be among the primary actors (along with other vocal proponents) I would pay handsomely to damage bitcoin by forking it - and proving that Bitcoin is unreliable as money, as investment - as anything.

Nobody can fork gold and make your gold coins and coin bars worthless. If bad actors manage this in Bitcoin then that'll be pretty ugly for Bitcoin and I think Satoshi will indeed materialize his warning[1] of coming back and declaring it a failure, due to getting beaten from a social engineering attack vector.

I think this vector needs to be closed down with an automated algorithmic increase of some sort that will eliminate disagreements that can be used for social-engineering a fork.

[1] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

Tungsten.

[AlexGR]

Roger Ver is the BIGGEST hypocrite in the Bitcoin space.

This guy has sold almost all of his bitcoins a year ago to invest in dubious business projects. Now he is mad to see he had lost a fortune and could have done much better if he had just hodled his bitcoin stash. He is craving for cheaper bitcoins.

I doubt he's going broke anytime soon. If I were the NSA, he would be among the primary actors (along with other vocal proponents) I would pay handsomely to damage bitcoin by forking it - and proving that Bitcoin is unreliable as money, as investment - as anything.

Nobody can fork gold and make your gold coins and coin bars worthless. If bad actors manage this in Bitcoin then that'll be pretty ugly for Bitcoin and I think Satoshi will indeed materialize his warning[1] of coming back and declaring it a failure, due to getting beaten from a social engineering attack vector.

I think this vector needs to be closed down with an automated algorithmic increase of some sort that will eliminate disagreements that can be used for social-engineering a fork.

[1] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

Tungsten.

http://www.zerohedge.com/news/2013-08-16/gold-or-tungsten-heres-how-know

[Ibian]

Roger Ver is the BIGGEST hypocrite in the Bitcoin space.

This guy has sold almost all of his bitcoins a year ago to invest in dubious business projects. Now he is mad to see he had lost a fortune and could have done much better if he had just hodled his bitcoin stash. He is craving for cheaper bitcoins.

I doubt he's going broke anytime soon. If I were the NSA, he would be among the primary actors (along with other vocal proponents) I would pay handsomely to damage bitcoin by forking it - and proving that Bitcoin is unreliable as money, as investment - as anything.

Nobody can fork gold and make your gold coins and coin bars worthless. If bad actors manage this in Bitcoin then that'll be pretty ugly for Bitcoin and I think Satoshi will indeed materialize his warning[1] of coming back and declaring it a failure, due to getting beaten from a social engineering attack vector.

I think this vector needs to be closed down with an automated algorithmic increase of some sort that will eliminate disagreements that can be used for social-engineering a fork.

[1] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

Tungsten.

http://www.zerohedge.com/news/2013-08-16/gold-or-tungsten-heres-how-know

And the machinery involved costs what? Not to mention the expertise to use it properly. This does not remove the problem, just reduces it, and not at all for most normal people.

[Karartma1]

Remarkable recovery

I was sleeping. I did not feel anything: what dump?
Recovered fairly soon 

[spooderman]

[1] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

there is 0% chance this is Satoshi.

saying that as a small blocker.

[bitcoinvest]

Doesn't matter who is Satoshi... the problem is the auto correction that every time i write his name put a red line under and i don't like that ! He is the "one" with the programmers that was the reason to be all of us here today.  a big thanks maybe is not enough i don't think we will ever again have news from him, he don't need speak to us...
If all go well he will be the jesus of money for the next generations

Anyway, lets go back to speculation...  i can see in the charts second dump ... maybe who i am to telll it's time to sleep for now and get up with the news from Mtgox tomorrow and of course the countdown also for tomorrow maybe the etf? will see! good night bitcoin land!

[hodl_2015]

Doesn't matter who is Satoshi... the problem is the auto correction that every time i write his name put a red line under and i don't like that !

Right-click -> Add to Dictionary. It is good practice to add (company) names you use to your personal dictionary because only then you will notice spelling errors when you communicate with them. (I know, not really a problem in the case of Satoshi.)

[JayJuanGee]

[1] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

there is 0% chance this is Satoshi.

saying that as a small blocker.

I don't mean to be a curmudgeon, but when it comes to subject matters like this, 0% is an exaggeration, no?


Maybe you could say .000001% and still make your point?

[spooderman]

[1] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

there is 0% chance this is Satoshi.

saying that as a small blocker.

I don't mean to be a curmudgeon, but when it comes to subject matters like this, 0% is an exaggeration, no?


Maybe you could say .000001% and still make your point?

ok fine.

there is 0% to the nearest 1% chance that that is satoshi.

[Ibian]

[1] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

there is 0% chance this is Satoshi.

saying that as a small blocker.

I don't mean to be a curmudgeon, but when it comes to subject matters like this, 0% is an exaggeration, no?


Maybe you could say .000001% and still make your point?

You are being a curmudgeon.