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

[Miz4r]

LN is going to happen with or without SegWit. SegWit will get activated too, there are other ways to activate it without needing 95% miner signaling.

[Killerpotleaf]

segwit requires miner consensus, if not, it has huge potential to split the chain.

if 51% of miners agree that its an "anyone can spend tx" then anyone everyone will attempt to spend it.

[Killerpotleaf]

This is fucking terrible. I wonder how much further this can go.

it is terrible, fucking terrible

[kurious]

segwit requires miner consensus, if not, it has huge potential to split the chain.

if 51% of miners agree that its an "anyone can spend tx" then anyone everyone will attempt to spend it.

95% was always looking tough - 5% + saying no was almost predictable.

[savetherainforest]

segwit requires miner consensus, if not, it has huge potential to split the chain.

if 51% of miners agree that its an "anyone can spend tx" then anyone everyone will attempt to spend it.

To be honest I want Segwit, BTU and all the other f*ckers to be killed in their infancy in their cribs while sleeping!

Also... 512KB down from 1MB... and higher fees for transactions! ... THIS IS SPARTA!!!

[ImI]

This is fucking terrible. I wonder how much further this can go.

it is terrible, fucking terrible

No it's just the first real challenge that the experiment Bitcoin faces. Now it will show how good that concept works under scrutiny.

Even if we wouldn't have those 1MB-limit issues there would be another issue along the road with the potential to split the community or the community from the miners.

If Bitcoin isn't able to handle that it's a fail. As simple as that.

[york780]

Traders are so dumb. 400$ growth in 4 months and still complaining about 10$ fee.

[Killerpotleaf]

segwit requires miner consensus, if not, it has huge potential to split the chain.

if 51% of miners agree that its an "anyone can spend tx" then anyone everyone will attempt to spend it.

95% was always looking tough - 5% + saying no was almost predictable.

after 40-60% most of the other miners fall into line quickly.

[Miz4r]

segwit requires miner consensus, if not, it has huge potential to split the chain.

if 51% of miners agree that its an "anyone can spend tx" then anyone everyone will attempt to spend it.

It doesn't require miner consensus at all, a simple majority would be enough. And there's no huge potential to split the chain, this 'anyone can spend' story spread by BU propagandists has been thoroughly debunked already: https://seebitcoin.com/2017/02/segwit-facts-not-anyone-can-spend-so-stop-saying-they-can/

[Paashaas]

I bought extra coin today after a long time, i just couldn't resist 

[Killerpotleaf]

segwit requires miner consensus, if not, it has huge potential to split the chain.

if 51% of miners agree that its an "anyone can spend tx" then anyone everyone will attempt to spend it.

It doesn't require miner consensus at all, a simple majority would be enough. And there's no huge potential to split the chain, this 'anyone can spend' story spread by BU propagandists has been thoroughly debunked already: https://seebitcoin.com/2017/02/segwit-facts-not-anyone-can-spend-so-stop-saying-they-can/

miners could mine a block that breaks these rules and old nodes would still recognise it as valid.

imagine a simple majority 55% of miners are segwit
the 45% other miners are not.
anyone can spend TX will be spent every time.
45% of the miners see this as valid, the include the TX
55% understand segwit TX and see it as invalid
the chain splits....

the truth is in bitcoin a "simple majority would be enough" applies to anything and everything.
but in the end its all up to economic majority...

[york780]

I bought extra coin today after a long time, i just couldn't resist 

i am also going to buy a extra coin after almost 5 months. Its time to get more

[Lauda]

This manipulation is quite obvious to me. Go to Poloniex, and look when a lot of alts were bought before Bitcoin dipped. It seems that the tactic is as follows:
1) Buy up several alts (whilst avoiding a price rise)
2) Short BTC and continue buying alts.
3) Dump alts to get more BTC.

<gribble> Bitstamp | Total bids: 13528806 USD. Total asks: 6014 BTC. Ratio: 2249.48736 USD/BTC. | Data vintage: 0.0129 seconds

[chopstick]

Hey Lauda, I see you deleted my post about ethereum gaining marketshare,

Bitcoin under 70% marketshare for the first time.

WTF are you trying to do here, censor the truth?

Should we just bury our heads in the sand?

This trend is going to continue until BTC sorts out its scaling issues.

Maybe if we're lucky it will happen in time so that ETH doesn't completely dominate the landscape by then.

[chopstick]

I do actually agree with you though, most altcoins are pump and dump.

Eth and monero will probably stick around and have their place, though.

But what we don't want is them over-taking BTC completely, which is possible if this goes on for too long.

[apuestascoin]

This manipulation is quite obvious to me. Go to Poloniex, and look when a lot of alts were bought before Bitcoin dipped. It seems that the tactic is as follows:
1) Buy up several alts (whilst avoiding a price rise)
2) Short BTC and continue buying alts.
3) Dump alts to get more BTC.

<gribble> Bitstamp | Total bids: 13528806 USD. Total asks: 6014 BTC. Ratio: 2249.48736 USD/BTC. | Data vintage: 0.0129 seconds

Totally agree , manipulation to move bitcoins to alt and the dump alts

[york780]

its hard to believe MULTI-HARD-FORKING-CENTRALIZED-COIN aka ETH is thriving

that centralized shitcoin gave me 2btc today btc will rise again. Mark my words. Harder and stronger. 2000$ at the end of the year.

[Biodom]

not really...most trades are bad, so if you trade a lot, you are bound to lose money.
in a bull market you might survive and even have some gains, but bear will finish the job, most likely.
how wall street calls daytraders gains: a loan.

Not so, as not all trades or traders are equal. If you are inexperienced and lack the aptitude, expect to suffer losses, but do not discount those who are masterful at their craft.

There are always people similar to Stradivarius in their craft, but it would be fair to say that at least 95% of daytraders lose their money.
http://www.tradeciety.com/24-statistics-why-most-traders-lose-money/

..only about 1% of all day traders are able to predictably profit net of fees.

[Biodom]

The true reason for this range trading is end of March. Bitcoin businesses have to pay taxes. They are net sellers. Once March is over, uptrend will be reinstated with full power.

a fresh look at the 2013 chart makes this possibility less credible...

This looks like 2012 all over again.

So to extrapolate then this year will be to 2018, what 2012 was to 2013. 

...interesting comparison...so we are prone to correcting into a flat (at 750-900) until June or so, right?

[Torque]

This looks like 2012 all over again.

So to extrapolate then this year will be to 2018, what 2012 was to 2013.  

...interesting comparison...so we are prone to correcting into a flat (at 750-900) until June or so, right?

That's my bet (as long as in the interim there is no contentious hardfork or anything stupid like that). However, threatening FUD will continue in the short term until the troll traders are satisfied.

Eventually shorts will run out of gas, longs will start coming back in. A floor will be found.

I predict that the summertime will see very little action, traders usually don't trade much during the summer.  We could go sideways for months.

Then in the late summer we start heading up again toward a new ATH.

Remember, anything that can fall 30% in two months, can certainly rise 30% in two months as well.