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

[bitserve]

But keep on pumping that scam! What goes up that kind of parabolic will come down as well! Extremely hard and incredibly fast!
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Careful, we're all in the same boat, remember bitcoin has tripled in 65 days.  
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Wrong! Bitcoin has tripled doubled in 3-4 years

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[Qartada]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Oohh shitcoin shilling detected!
Who gives a damn about a metric which makes aboslutely no sense with all those locked up coins due to ICO scams.And let's not forget the 70million Ether premine!

Oh look, a meaningless slur about altcoins again.  How original.

Market cap makes little sense - but pretending that ETH is insignificant at this point is just straight up lying.  We've all been pretending it's going to crash for long enough, but it hasn't come true.

By the 70 million Ether premine, you mean the 60 million crowdsale?
Look.  Ether is centralised as hell and Buterin is an idiot, so I'm not investing.  But does anyone here really think that it doesn't matter?    All these new alts are being created on Ethereum, they're marketing like absolute geniuses...

[Eric Cartman]

But keep on pumping that scam! What goes up that kind of parabolic will come down as well! Extremely hard and incredibly fast!

Careful, we're all in the same boat, remember bitcoin has tripled in 65 days. 

Wrong! Bitcoin has tripled doubled in 3-4 years

Both are right, and we we all know the top of 2013 would never happen under normal conditions.

[SaintFlow]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Bitcoin deserve that. Slow, pricy, china centered. I used to like Btc, but not anymore. I make transaction with HYPER inflated fees and wait 10 years for confirmation to go through... F* it...

Last night I waited 12 hours for confirmation at the standard fee.

I understand that the miners want to turn a buck and that they are throwing around
massive amounts of energy and hardware...

Somehow I wonder if this is still elegant enough for the top of the
line cryptocurrency.

[iikun]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Bitcoin deserve that. Slow, pricy, china centered. I used to like Btc, but not anymore. I make transaction with HYPER inflated fees and wait 10 years for confirmation to go through... F* it...

Last night I waited 12 hours for confirmation at the standard fee.

I understand that the miners want to turn a buck and that they are throwing around
massive amounts of energy and hardware...

Somehow I wonder if this is still elegant enough for the top of the
line cryptocurrency.

I paid extra today for a speedier transaction & it still took half an hour. If the miners keep being part of the problem rather than the solution something else is going to come along and spank Bitcoin's ass.

[talkbitcoin]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Bitcoin deserve that. Slow, pricy, china centered. I used to like Btc, but not anymore. I make transaction with HYPER inflated fees and wait 10 years for confirmation to go through... F* it...

haha, so go have fun with your super duper cheap ethereum transaction which is not at all costing nearly $1 to make a transaction these days. and good luck with the next time when some other sleazy genius exploited the platform and caused another "roll back".

[SaintFlow]

@talkbitcoin

don't get me wrong. Ethereum has a long way to go to build anything close to the trust bitcoin has gained.
I am in it for the long haul and no I have not gotten rich, yet. I think Vitalik is probably in more trouble/minute
than he bargained for and I would not for the life of me want to be in his shoes.
Satoshi was smart not to give his identity away. Vitalik ... well, time will tell.

And it isn't that Bitcoin didn't have its shares of mishaps and major scams.
For example: I do not shed a tear for the GLBSE (Global Bitcoin Stock Exchange) and all its mining contracts.
I view the token sales as nothing more than GLBSE all over again and hope that it will end better this time.

I still chuckle from time to time at what people went through with Butterflylabs or Mt. Gox.
You remember the time when the coins from the Deep Web Drug market Silk Road where suddenly
up for auction and the price had to deal with the sudden availability of more Bitcoins?
I still cry for the sudden disappearance of ASICMINERs Friedcat cause it did loose me a true fortune!
Do you remember Bitcoincourt? A shame it never manifested, we would still need it.


edit: spelling

[bitserve]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Bitcoin deserve that. Slow, pricy, china centered. I used to like Btc, but not anymore. I make transaction with HYPER inflated fees and wait 10 years for confirmation to go through... F* it...

Last night I waited 12 hours for confirmation at the standard fee.

I understand that the miners want to turn a buck and that they are throwing around
massive amounts of energy and hardware...

Somehow I wonder if this is still elegant enough for the top of the
line cryptocurrency.

I paid extra today for a speedier transaction & it still took half an hour. If the miners keep being part of the problem rather than the solution something else is going to come along and spank Bitcoin's ass.

I use the Ledger Wallet. It has three fee recomendations, fast, standard and slow. I always chose fast until yesterday. For fast it was a 2.19€ fee, for standard 1.70€, for slow i don't remember. I chose standard, so 1.70€. The confirmation hapened in around 1 hour, maybe even a little more. It has been the first time I have experienced such a big delay. It's not such a big deal but yes, even if I think most people are exaggerating their issues I must conclude it is a shame.

Bitcoin needs to solve its scaling problem NOW. Not only because of the fees, but because I am sure the price would have SKYROCKETED if it had been solved already.

[Meuh6879]

looking good for a week-end.
it doesn't drop in the cave like all sunday ...

[Arcteryx]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Bitcoin deserve that. Slow, pricy, china centered. I used to like Btc, but not anymore. I make transaction with HYPER inflated fees and wait 10 years for confirmation to go through... F* it...

Last night I waited 12 hours for confirmation at the standard fee.

I understand that the miners want to turn a buck and that they are throwing around
massive amounts of energy and hardware...

Somehow I wonder if this is still elegant enough for the top of the
line cryptocurrency.

I paid extra today for a speedier transaction & it still took half an hour. If the miners keep being part of the problem rather than the solution something else is going to come along and spank Bitcoin's ass.

This was strange to me too.
I had a send with a 65 sat/KByte fee attached to it and didn't expect it to get confirmed for hours or if at all.
Note, I didn't put the transaction fee on it mind you, it was in the wallet's hands I was sending from.
But it got first confirmation in less than 10 minutes.
So something happened to the miners getting enough since the pump up in bitcoin price or blockchain is feeling the heat from what ethereum is capable of doing the same thing but for much much cheaper and faster.
Competition is always a good thing in the end to the end user.

[JimboToronto]

Good morning Bitcoinland.

Pretty much going sideways after a little dip and bounceback... currently $2877USD (Bitcoinaverage).

Right where we were yesterday. Ho hum.

A late good morning Bitcoinland. A little hung over.

So what'd ya drink?

Lots and lots of Guinness Extra Stout (the 5% alc/vol Ontario stuff, not the 4.2% Irish kind) with numerous shots of Jagermeister, tequila and Jamieson's in between. All on an empty stomach.

I'm getting too old for this kinda shit. Gotta remember to eat first and lay off the hard stuff, or at least stick to only one kind.

Feeling much better today. Just had a few Guinness and a couple shots of applejack after dinner last night.

[bitserve]

ATH @ BITSTAMP

[AZwarel]

WTF happened on finex??? someone bought 2k BTC?

[HI-TEC99]

ATH @ BITSTAMP

And it's another weekend pump with another ATH. How long until it breaks $3000 on stamp?

[bzzard2]

https://image.prntscr.com/image/AjAqiasdTzyjpSv1UOpmDg.png

[JimboToronto]

Wow, got out of the bathtub to see an ATH.

Go Bitcoin go.

[criptix]

3 k today!!!!! *fingers crossed

[arklan]

did anything actually happen, or is this all still just general crazy times?

i've been disconnected for a couple weeks, ya see. was there some big progress on scaling or something? i saw about the miners coalition for segwit then 6 months later 3mb blocks. is that what's driven us to near 3k?

[Spaceman_Spiff]

BTC breakout biatches 

[European Central Bank]

i'm looking forward to the gif bitcoinity has in store for us when it's $3000 on bitstamp. better be an epic one.