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

[kellogsblocks]

1000$ incoming  

[1714830523]

1714830523

[1714830523]

1714830523

[HI-TEC99]

The problem is the total inability for Bitcoin to reach any sort of consensus.
What matters is that it is resolved one way or another.  The lack of governance is the real problem, only compounded by the refusal of so many to even acknowledge that there is a problem at all.

As others have said here before me, what makes this crash so difficult to stomach isn't the falling price.  We've all seen bitcoin win all sorts of challenges before.  What makes this one so disturbing is that the threat is on the inside, bitcoin's lack of governance, lack of ability to say "this is a problem and this is how we're going to fix it" is actually tearing it apart from the inside.  I'd rather see bitcoin drop to $200 because of China or the US government than to $900 because of infighting.  At least then I'd have some confidence that it would come through, but Bitcoin can only win through if it's in good fighting form and right now it isn't.

Exactly. By the way, I also find it disturbing that some people claim everything is peachy.  Cognitive dissonance much?

Bitcoin's back up to $943 so everything is peachy. There is speculation Huobi might start allowing withdrawals again, so China might be unbanning Bitcoin again, which makes everything even more peachy.

https://cointelegraph.com/news/bitcoin-exchange-funds-reporting-not-for-all-users-huobi

To cap it all a number of top devs say there will be no fork and everything is just peachy. Get those cheap coins while you can.

http://www.coindesk.com/bitcoin-on-developers-arent-worried-about-fork/

[Denker]

But let's flip your stupid assertion on its head. Isn't it a problem that one angry chinese miner and one high powered enthusiast on the autism specter can bring Bitcoin to its knees? Why is that? Why is Bitcoin so weak?

A lot of bitcoin haters joined forces to make it look weak. Those are different groups with different agendas. They would hate to see segwit, LN and side chains implemented. Every fucking altcoin can be implemented as a bitcoin side chain without any risk to consumers! But that is the last thing banks would like to see. So they pump the alts they've chosen to distract average Joe from further converting his savings into bitcoins. The alt is not dangerous for banks. They can kill it anytime just by dumping it. 99% of altcoin investors are just desperado gamblers that don't really care about smart contracts or whatever.

Do you really think the BU crowd, the banks, Roger Ver and some Chinese dark forces all sat around a table together and conspired to bring Bitcoin down?

I know this is the internet age and anyone can believe anything - but the problem is simple. Bitcoin is at war with itself, unable to change to deliver a solution to a real problem and lacking leadership, and direction.

It has issues and no solution is apparent.  There is no conspiracy of dumpers, just people who worry and sell coins because of this uncertainty.  It is rational behaviour to sell when the price is not looking realistic.

That is all.  I am a Bitcoin fan.

I understand it as followed what becoin wrote. Bitcoin right now gets attact from different angels/parties. One side is Ver, Andresen and other BU shitsters who have more of a personal agenda going against some of the core devs and supporters.

Then there are of course the banks and the financial establishment who also see Bitcoin is struggling and attack it with pushing and pumping some altcoins to create even more uncertainty amoung the BTC holders. With some help of the media as well of course.

And as a third group there are some altcoin creators, devs and big whales who see their chance to make a shit ton of money with their mostly useless cryptos.

That however doesn't mean they all work together. But they see their chance and try to take advangate of it.
Attack the alpha male as long as it bleeds!!
Never heard of that?!

[HanvanBitcoin]

The problem is the total inability for Bitcoin to reach any sort of consensus.
What matters is that it is resolved one way or another.  The lack of governance is the real problem, only compounded by the refusal of so many to even acknowledge that there is a problem at all.

As others have said here before me, what makes this crash so difficult to stomach isn't the falling price.  We've all seen bitcoin win all sorts of challenges before.  What makes this one so disturbing is that the threat is on the inside, bitcoin's lack of governance, lack of ability to say "this is a problem and this is how we're going to fix it" is actually tearing it apart from the inside.  I'd rather see bitcoin drop to $200 because of China or the US government than to $900 because of infighting.  At least then I'd have some confidence that it would come through, but Bitcoin can only win through if it's in good fighting form and right now it isn't.

Exactly. By the way, I also find it disturbing that some people claim everything is peachy.  Cognitive dissonance much?

Bitcoin's back up to $943 so everything is peachy. There is speculation Huobi might start allowing withdrawals again, so China might be unbanning Bitcoin again, which makes everything even more peachy.

https://cointelegraph.com/news/bitcoin-exchange-funds-reporting-not-for-all-users-huobi

To cap it all a number of top devs say there will be no fork and everything is just peachy. Get those cheap coins while you can.

http://www.coindesk.com/bitcoin-on-developers-arent-worried-about-fork/

Peachy.....   like princess peachy?  

[york780]

This is so wrong.

[STT]

The problem is the total inability for Bitcoin to reach any sort of consensus.
What matters is that it is resolved one way or another.  The lack of governance is the real problem, only compounded by the refusal of so many to even acknowledge that there is a problem at all.

As others have said here before me, what makes this crash so difficult to stomach isn't the falling price.  We've all seen bitcoin win all sorts of challenges before.  What makes this one so disturbing is that the threat is on the inside, bitcoin's lack of governance, lack of ability to say "this is a problem and this is how we're going to fix it" is actually tearing it apart from the inside.  I'd rather see bitcoin drop to $200 because of China or the US government than to $900 because of infighting.  At least then I'd have some confidence that it would come through, but Bitcoin can only win through if it's in good fighting form and right now it isn't.

Exactly. By the way, I also find it disturbing that some people claim everything is peachy.  Cognitive dissonance much?

People said this ages ago when MtGox went down.  If only it was locked down and all regulated by government, wouldnt that be perfect then.   It would not then be bitcoin really.   The government has already gifted you a virtual digital token currency and its called dollars.     Enjoy that awesome system of exchange if you like overly powerful centralised regulation or in the case of China dictatorship and command economy communism.  

Let bitcoin be more about competitive capitalism which in my life time has not existed in any national currency I've held.   I want to see if this can be a productive enterprise or not, I dont wish for the day government shuts it all down.  I can already see the mess of lopsided politics influencing economies, it appears negative to me.  

Bitcoin needs to be above 900 to maintain the highs of January as a base for further rises.   This roughly matches a 61.8% retracement of year start high to low and could relate to longterm uptrend since summer 2015

[Meuh6879]

This is so wrong.

and we like that.
the cheap coins, i mean ... but boobs, too.

[bones261]

Up up up we go again people! fasten your seatbelts!

https://www.youtube.com/watch?v=yKHUGvde7KU

[edgar]

They can't kill bitcoin. Alts are already decreasing and bitcoin is coming back up. China is also buying again.

Ehem...

https://coinmarketcap.com/charts/

If you look at "Bitcoin Percentage of Total Market Capitalization" you'll see Bitcoin hit an all time low today of 66.64% of total crypto market cap.

In other words: Alts are increasing. Alarmingly so.

66.6% of 666 coins    (676 now)

& ppl wonder...



e2a - or just ignore me, there are ten new coins since i last looked

[Spaceman_Spiff]

The problem is the total inability for Bitcoin to reach any sort of consensus.
What matters is that it is resolved one way or another.  The lack of governance is the real problem, only compounded by the refusal of so many to even acknowledge that there is a problem at all.

As others have said here before me, what makes this crash so difficult to stomach isn't the falling price.  We've all seen bitcoin win all sorts of challenges before.  What makes this one so disturbing is that the threat is on the inside, bitcoin's lack of governance, lack of ability to say "this is a problem and this is how we're going to fix it" is actually tearing it apart from the inside.  I'd rather see bitcoin drop to $200 because of China or the US government than to $900 because of infighting.  At least then I'd have some confidence that it would come through, but Bitcoin can only win through if it's in good fighting form and right now it isn't.

Exactly. By the way, I also find it disturbing that some people claim everything is peachy.  Cognitive dissonance much?

People said this ages ago when MtGox went down.  If only it was locked down and all regulated by government, wouldnt that be perfect then.   It would not then be bitcoin really.   The government has already gifted you a virtual digital token currency and its called dollars.     Enjoy that awesome system of exchange if you like overly powerful centralised regulation or in the case of China dictatorship and command economy communism.  

Let bitcoin be more about competitive capitalism which in my life time has not existed in any national currency I've held.   I want to see if this can be a productive enterprise or not, I dont wish for the day government shuts it all down.  I can already see the mess of lopsided politics influencing economies, it appears negative to me.  

Bitcoin needs to be above 900 to maintain the highs of January as a base for further rises.   This roughly matches a 61.8% retracement of year start high to low and could relate to longterm uptrend since summer 2015

1) I never said anything like that when Mt.Gox went down. 
2) Who is talking about moving to government regulation?

[Holliday]

The problem is the total inability for Bitcoin to reach any sort of consensus.

Really? It seems to me that the consensus is that there is no urgent need, regardless of the free shit army's constant moaning and gnashing of teeth, to change anything at the moment.

Bitcoin is hard to change, and that's fantastic.

If people want to test out radical solutions to non-problems, there are a myriad of alt-coins available for just such adventurers, and that's fantastic too!

Bitcoin will remain the bedrock of crypto, as always.

[Fatman3001]

The problem is the total inability for Bitcoin to reach any sort of consensus.

Really? It seems to me that the consensus is that there is no urgent need, regardless of the free shit army's constant moaning and gnashing of teeth, to change anything at the moment.

Bitcoin is hard to change, and that's fantastic.

If people want to test out radical solutions to non-problems, there are a myriad of alt-coins available for just such adventurers, and that's fantastic too!

Bitcoin will remain the bedrock of crypto, as always.

40% of miners mine BU blocks, 24% of miners mine segwit, and I think around 8% signal 8MB blocks... and this you think means "that the consensus is that there is no urgent need [...] to change at the moment."?

You might say this means that there is no consensus for change atm. Which is obvious. However, you cannot say that the consensus is that there is no urgent need to change. That's stretching it into absurdity.

[Killerpotleaf]

upgrading so we get more TPS is urgent.

failure to upgrade within 6-9 months mean bitcoin WILL _____

[yefi]

This is bullshit. Nobody in their right fucking mind would attempt to use one of these scam coins. The only reason that people go in those is to gather more Bitcoin.

Is that a fact or a wish? One might well argue that the only reason many go into Bitcoin is to gather more USD (or equivalent). If the market cap of alts surpasses that of Bitcoin, many will ask themselves: do I trade alts to make more bitcoin, or bitcoin to make more alts? Bitcoin's army is one composed of mercenaries, and allegiance to profit matters more than righteousness.

[edgar]

upgrading so we get more TPS is urgent.

failure to upgrade within 6-9 months mean bitcoin WILL _____ result in cucks like you spouting more shit than ever??

Have you genuinely NOTHING better to do with your life??

[york780]

upgrading so we get more TPS is urgent.

failure to upgrade within 6-9 months mean bitcoin WILL _____

Die? Fork? Stop existing? Explode? Go moon?

[becoin]

There is no urgent need for change. People are unhappy if price goes down. If price goes up nobody cares about BUcoin!

[bones261]

upgrading so we get more TPS is urgent.

failure to upgrade within 6-9 months mean bitcoin WILL _____

Die? Fork? Stop existing? Explode? Go moon?

__________ = flat line.

[conspirosphere.tk]

I just found the ultimate btc price predictor:

[york780]

upgrading so we get more TPS is urgent.

failure to upgrade within 6-9 months mean bitcoin WILL _____

Die? Fork? Stop existing? Explode? Go moon?

__________ = flat line.

Ahh thanks for explaining. Now i can sleep at peace tonight. So bitcoin will be a Tether 2.0  Still wondering how that crypto could go so flat. Must be some whales keep it stable. On topic: i dreamed about bitcoin that it would go to 200$ yesterday lol. The FUD was real