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

[lost_in_base]

So is it an attempt to stop the User activated fork getting traction ?

yes, because the period from august 2017 to november 2017 is the enforced period for Segwit ... not the LOCK period.
https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

so Segwit2Mb is a trap.
they want introduce the 2Mb before SegWit LOCK.

So the folks who want 2Mb don't trust the SegWit people not to break away after SegWit is locked and block a later block size increase?

Sounds understandable given the emotionalism on this issue. It would be very disruptive to activate SegWit and then deactivate it before LOCK. Seems unlikely the miners would do this. It seems far more likely that the SegWit folks would increase their opposition to a block size increase to 2 Mb once they already have what they want.

I am not understanding why this is not a reasonable roadmap forward.

This roadmap is a new era in bitcoins history.
Soon 2200 USD, today!
Some people just do not want bitcoin to evolve.

[lemmyK]

[becoin]

So is it an attempt to stop the User activated fork getting traction ?

yes, because the period from august 2017 to november 2017 is the enforced period for Segwit ... not the LOCK period.
https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

so Segwit2Mb is a trap.
they want introduce the 2Mb before SegWit LOCK.

So the folks who want 2Mb don't trust the SegWit people not to break away after SegWit is locked and block a later block size increase?

Sounds understandable given the emotionalism on this issue. It would be very disruptive to activate SegWit and then deactivate it before LOCK. Seems unlikely the miners would do this. It seems far more likely that the SegWit folks would increase their opposition to a block size increase to 2 Mb once they already have what they want.

I am not understanding why this is not a reasonable roadmap forward.

Any block size increase is not a reasonable roadmap forward. It solves nothing! It just postpones the inevitable next block size increase - 4mb, 8mb, 16mb... until full centralization. Big blocktards will accept anything just to follow this roadmap.

[Okurkabinladin]

So is it an attempt to stop the User activated fork getting traction ?

yes, because the period from august 2017 to november 2017 is the enforced period for Segwit ... not the LOCK period.
https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

so Segwit2Mb is a trap.
they want introduce the 2Mb before SegWit LOCK.

So the folks who want 2Mb don't trust the SegWit people not to break away after SegWit is locked and block a later block size increase?

Sounds understandable given the emotionalism on this issue. It would be very disruptive to activate SegWit and then deactivate it before LOCK. Seems unlikely the miners would do this. It seems far more likely that the SegWit folks would increase their opposition to a block size increase to 2 Mb once they already have what they want.

I am not understanding why this is not a reasonable roadmap forward.

This roadmap is a new era in bitcoins history.
Soon 2200 USD, today!
Some people just do not want bitcoin to evolve.

I am more interested where will the next correction lead us. 1550 USD/BTC is the floor for now? I think its realistic to say, that we will reach atleast 4000 dollars per bitcoin during this summer, however there will be more bumps along the road, where bitcoin takes deep breath before rising again.

Just my two cents. Seeing proper attempts at technical analysis is rare these days, not the least for the fact, that everyone but to the moon people gets bullied into silence.

[savetherainforest]

Any so called "agreement", privately discussed only by a bunch of suits and not including input from any core devs, will fail.

Period.

Anyone believing otherwise is delusional.

The fact that the suits believe they are in control of anything, or can influence anything, is equally delusional.

Well... basically they still don't realize that everyone can create their own country just with 1 bitcoin and have their separate system.

Bitcoin user be like : "Mom... gonna start my own global banking system with just a thousand bitcoins!"    


(*edit:) The conclusion being that even if a majority decides something, as long as there is a minority with the concept of the crypto (of bitcoin)... They will just decide to part ways and create their own economic union with their parted share and even maybe buying out the penny on the dollar coins that are left... or trying to get them for free from the ones that don't see any value in them anymore. Just for them to have control and majority... And this is how tyrannies are built!!!

[CoinCube]

So is it an attempt to stop the User activated fork getting traction ?

yes, because the period from august 2017 to november 2017 is the enforced period for Segwit ... not the LOCK period.
https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

so Segwit2Mb is a trap.
they want introduce the 2Mb before SegWit LOCK.

So the folks who want 2Mb don't trust the SegWit people not to break away after SegWit is locked and block a later block size increase?

Sounds understandable given the emotionalism on this issue. It would be very disruptive to activate SegWit and then deactivate it before LOCK. Seems unlikely the miners would do this. It seems far more likely that the SegWit folks would increase their opposition to a block size increase to 2 Mb once they already have what they want.

I am not understanding why this is not a reasonable roadmap forward.

Any block size increase is not a reasonable roadmap forward. It solves nothing! It just postpones the inevitable next block size increase - 4mb, 8mb, 16mb... until full centralization. Big blocktards will accept anything just to follow this roadmap.

If it also gets SegWit activated in the process then isn't it solving something?

Increasing the block size to 2Mb is not a slippery slope. It does not necessarily follow that we will then go to 4mb, 8mb, 16mb until full centralization.

[CoinHoarder]

I don't get the negativity. This agreement sounds like a compromise of core/miners to me. Sure, it is a different version of Segwit, but it is Segwit nonetheless. We get Segwit and 2MB blocks... if not just rumors, then the scaling debacle is over. Sounds bullish to me.

Why the sudden shock that miners are in control of Bitcoin protocol implementation? They always have been and always will be- that is how Bitcoin was designed.

[savetherainforest]

If it also gets SegWit activated in the process then isn't it solving something?

Increasing the block size to 2Mb is not a slippery slope. It does not necessarily follow that we will then go to 4mb, 8mb, 16mb until full centralization.

"full centralization" ... the fuk you are smoking there??


I for one if there is a split... I'm gonna use both versions of the coin, encourage and support them! Even the weaker / useless one! Just because I feel like trolling the other one that feels more entitled!

Laughing in portuguese : HueHueHueHueHue!!!

[JayJuanGee]

So is it an attempt to stop the User activated fork getting traction ?

yes, because the period from august 2017 to november 2017 is the enforced period for Segwit ... not the LOCK period.
https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

so Segwit2Mb is a trap.
they want introduce the 2Mb before SegWit LOCK.

So the folks who want 2Mb don't trust the SegWit people not to break away after SegWit is locked and block a later block size increase?

Sounds understandable given the emotionalism on this issue. It would be very disruptive to activate SegWit and then deactivate it before LOCK. Seems unlikely the miners would do this. It seems far more likely that the SegWit folks would increase their opposition to a block size increase to 2 Mb once they already have what they want.

I am not understanding why this is not a reasonable roadmap forward.

This roadmap is a new era in bitcoins history.
Soon 2200 USD, today!
Some people just do not want bitcoin to evolve.

I am more interested where will the next correction lead us. 1550 USD/BTC is the floor for now? I think its realistic to say, that we will reach atleast 4000 dollars per bitcoin during this summer, however there will be more bumps along the road, where bitcoin takes deep breath before rising again.

Just my two cents. Seeing proper attempts at technical analysis is rare these days, not the least for the fact, that everyone but to the moon people gets bullied into silence.

Yeah.. sure a correction is going to come, but it is kind of hard to hear you when we are going up $100 per day...

So the more immediate fact is that the price is going up.. not down.. so you are reflecting facts that are the opposite about what is happening...

So maybe talk about the up before focusing so much on the down..

But you don't believe in the current up.. even though it is happening right in front of your face...

I would like a correction too, ... but gosh, are we going to see one before getting to $2300 or 2400 first?

[Lincoln6Echo]

Back in 2013 I was waiting for a correction too when price went from 10$ to like 50$ and than above 100$. Still not happend...

[Totscha]

Back in 2013 I was waiting for a correction too when price went from 10$ to like 50$ and than above 100$. Still not happend...

I'm still waiting for the double digits I was promised in 2014.

[fluidjax]

MtGOX owes (from bankruptcy proceedings)
      45,609,593,503 JPY =~ 414,226,328 USD

There were 202185 BTC found.

202185 @ $2139 = $432473715

MtGox can technically cover its debts

[Iranus]

So is it an attempt to stop the User activated fork getting traction ?

yes, because the period from august 2017 to november 2017 is the enforced period for Segwit ... not the LOCK period.
https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

so Segwit2Mb is a trap.
they want introduce the 2Mb before SegWit LOCK.

So the folks who want 2Mb don't trust the SegWit people not to break away after SegWit is locked and block a later block size increase?

Sounds understandable given the emotionalism on this issue. It would be very disruptive to activate SegWit and then deactivate it before LOCK. Seems unlikely the miners would do this. It seems far more likely that the SegWit folks would increase their opposition to a block size increase to 2 Mb once they already have what they want.

I am not understanding why this is not a reasonable roadmap forward.

Any block size increase is not a reasonable roadmap forward. It solves nothing! It just postpones the inevitable next block size increase - 4mb, 8mb, 16mb... until full centralization. Big blocktards will accept anything just to follow this roadmap.

This solution is basically just trying to retaliate against UASF by pushing through something suspicious much earlier, but a block size increase with SegWit is not necessarily a bad way forward.

Since Bitcoin started in 2009, the amount of storage which people typically have has much more than doubled.  Now it's fairly normal to have 2 terabyte hard drives like one of my computers does, while in 2009 it was very new for that to be conventional.

It's OK for the block size to rise if the average amount of capacity people's computers have raises faster than the size of the blockchain.  What's important is that the block size is not flexible and it can't just rise often like it could if BU went through.

[infofront]

MtGOX owes (from bankruptcy proceedings)
      45,609,593,503 JPY =~ 414,226,328 USD

There were 202185 BTC found.

202185 @ $2139 = $432473715

MtGox can technically cover its debts

And jackass would still be able to pocket the ~$18M difference.

[Dotto]

new soonish is imminent

[LFC_Bitcoin]

$2171 on Stamp

[fichtn12345]

Back in 2013 I was waiting for a correction too when price went from 10$ to like 50$ and than above 100$. Still not happend...

Ahahahahah lmao! Nice one!

[craked5]

Everyone is talking about correction. Yeah there is going to be one, no doubt about it.
But whatever you feel like it's not going back to 1500$. So is it really worth to risk everything by trying to "see" a correction right now? :p

Just take a cocktail and ejoy the cool train to 4k$

[travwill]

Everyone is talking about correction. Yeah there is going to be one, no doubt about it.
But whatever you feel like it's not going back to 1500$. So is it really worth to risk everything by trying to "see" a correction right now? :p

Just take a cocktail and ejoy the cool train to 4k$

It does seem to be correcting in small quantities as it heads up as well.  This is definitely a rolling increase upwards versus a straight shot which seems healthier overall.  up/down/up/down/up, but overall up.

[bitserve]

We are having plenty of "corrections". Until the trend changes just try to follow this simple and common wisdom:

https://www.youtube.com/watch?v=0akBdQa55b4

If someone expects some 30% correction after some altcoins have pumped to 75x its value in a couple of months, he is a fool.