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Question: Is this the last time we see sub-$10K?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21535597 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (142 posts by 32 users deleted.)
spooderman
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June 17, 2017, 04:36:44 PM

well i think we started the week at about $2900 so very difficult not to get a red candle this time Tongue
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xyzzy099
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June 17, 2017, 04:38:42 PM

A small miner will often receive his fees in small amounts meaning that to spend it, he will need to use funds from many transactions. A high fee per byte can mean those funds become unprofitable to mine (if you're not a big miner with access to cheap electricity) or even cost more to spend than their value (this is not just true for mining funds. High fees have meant a lot of Bitcoin's total value is now worth less than it would cost to spend). This is especially true for p2pool (a truly decentralized pool) where miners are paid directly from the coinbase.

I don't think I understand what you are saying here...  If you are referring to transaction fees, all transaction fees are included in the single coinbase transaction along with the block subsidy.  If you mean by 'receive his fees' the individual payouts hash providers get from pools, every pool I ever mined at other than p2pool allow the miner to set their minimum payout to any size they want as long as it is above some minimum.


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June 17, 2017, 04:49:17 PM

BItcoin looks to be recovering a bit today. LTC is on a tear (for Litecoin of course). While everything has been volatile again at the end of the week zcoin has made very little headlines with its big gains.

I would like to see Bitcoin make it back to steady $2700s again...
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June 17, 2017, 04:55:40 PM

BItcoin looks to be recovering a bit today. LTC is on a tear (for Litecoin of course). While everything has been volatile again at the end of the week zcoin has made very little headlines with its big gains.

I would like to see Bitcoin make it back to steady $2700s again...

There seems to be a pattern of weekend Bitcoin pumps developing, as opposed to the weekend dumps we used to get. I still don't understand the reason for it as no fiat gets sent to exchanges while the banks are closed over the weekend.
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June 17, 2017, 04:58:28 PM

BItcoin looks to be recovering a bit today. LTC is on a tear (for Litecoin of course). While everything has been volatile again at the end of the week zcoin has made very little headlines with its big gains.

I would like to see Bitcoin make it back to steady $2700s again...

There seems to be a pattern of weekend Bitcoin pumps developing, as opposed to the weekend dumps we used to get. I still don't understand the reason for it as no fiat gets sent to exchanges while the banks are closed over the weekend.

trough the previous dump there is a lot of money on the exchanges, so no need for new money to pump
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June 17, 2017, 05:07:06 PM

Litecoin mooning. Havent heard that in a while. Congrats to litecoin hodlers, i dont own any but if any alt were to rise im glad its litecoin and not shitcoins like ETH and Ripple.
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June 17, 2017, 05:15:45 PM

Litecoin mooning. Havent heard that in a while. Congrats to litecoin hodlers, i dont own any but if any alt were to rise im glad its litecoin and not shitcoins like ETH and Ripple.

Years ago back when I thought having an alt to Bitcoin might be a good idea, I had some litecoin. A ton of them, over 3000 in fact.

But after watching litecoin go nowhere for years and years, and zero community interest and merchant adoption at all, I traded the majority back into btc. Hell even the old litecointalk.org site completely died from dwindling traffic, and then got hacked. Now I have a wallet with something like ~60 LTC left, and I'm too lazy to even sync it with the network, lol.

I definitely think Litecoin is still going nowhere, just because it has Segwit now and potentially LN coming doesn't change a thing. No one liked it and no one cared...for years now. And in the last 4 years, Chinese exchanges have quietly mined millions of litecoins (because it was easy and cheap to do), and will happily let this rise for a while only to dumpity-dump dump their millions of litecoins slowly back into the market once a downtrend is confirmed. I've seen it before, and won't be a part of watching that again. The top 3-4 Chinese exchanges own collectively ~8M litecoin.
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June 17, 2017, 05:26:51 PM

Now I have a wallet with something like ~60 LTC left, and I'm too lazy to even sync it with the network, lol.

You can send them to an exchange without syncing, provided your wallet is already synced enough to see its received your litecoins. Dump them for Bitcoin, you would get over a Bitcoin for them, and if you keep that Bitcoin for ten years it might be worth a million dollars.
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June 17, 2017, 05:30:14 PM

Litecoin mooning. Havent heard that in a while. Congrats to litecoin hodlers, i dont own any but if any alt were to rise im glad its litecoin and not shitcoins like ETH and Ripple.

Yea, Litecoin will be listed on Bitstamp this coming Monday!

are we rich yet??  Huh
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June 17, 2017, 05:37:02 PM

Amazing recovery every time. Buy every tip. Always.
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June 17, 2017, 05:37:09 PM

BItcoin looks to be recovering a bit today. LTC is on a tear (for Litecoin of course). While everything has been volatile again at the end of the week zcoin has made very little headlines with its big gains.

I would like to see Bitcoin make it back to steady $2700s again...

There seems to be a pattern of weekend Bitcoin pumps developing, as opposed to the weekend dumps we used to get. I still don't understand the reason for it as no fiat gets sent to exchanges while the banks are closed over the weekend.

That's easy to explain: When Bitcoin is over past ATH and the weekend comes there's no remaining FIAT on exchanges. When a BIG dump comes during the week, there's LOTS of FIAT on the exchanges from the people that sold higher.
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June 17, 2017, 05:38:12 PM

Litecoin mooning. Havent heard that in a while. Congrats to litecoin hodlers, i dont own any but if any alt were to rise im glad its litecoin and not shitcoins like ETH and Ripple.

I wouldn't call ETH a shitcoin. Been hearing that along with warnings not to buy since it first came out. I'm glad I ignored all the experts calling it crap since it came out and bought gobs at under $7 over the last 2 year. Now it's over $365 (down from near $400).

The ease it allows for smart contract integration is a strong feature. I guess I'm just not as smart as the ETH shitcoin callers. At least I can get some consolidation from watching my new lakefront home being built, funded totally from a portion of my ETH profits.
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June 17, 2017, 05:40:11 PM

Litecoin mooning. Havent heard that in a while. Congrats to litecoin hodlers, i dont own any but if any alt were to rise im glad its litecoin and not shitcoins like ETH and Ripple.

Yep. I do have some, so I have some interest here, but even if I didn't, I would be very glad it could take that Ripple scam out of the second position. I don't say ETH because, well, that is totally out of reach. LTC is helping bitcoin as a testbed for Segwit. Maybe in the future it will contribute testing some other developments before Bitcoin integration.
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June 17, 2017, 06:00:08 PM

I definitely think Litecoin is still going nowhere, just because it has Segwit now and potentially LN coming doesn't change a thing. No one liked it and no one cared...for years now. And in the last 4 years, Chinese exchanges have quietly mined millions of litecoins (because it was easy and cheap to do), and will happily let this rise for a while only to dumpity-dump dump their millions of litecoins slowly back into the market once a downtrend is confirmed. I've seen it before, and won't be a part of watching that again. The top 3-4 Chinese exchanges own collectively ~8M litecoin.

I disagree, I see litecoin as what btc should have been: no b/s, no political bickering, spam problem solved logically and simply years ago, possibly more decentralized in mining and ownership than btc, always been in the top 10 by traded volume. What is not to like? I'm just sorry that I did not accumulate more when it was cheaper, because my target price is 1/4 of BTC price (because of its final total of 84 million LTC).
European Central Bank
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June 17, 2017, 06:09:51 PM

I disagree, I see litecoin as what btc should have been: no b/s, no political bickering, spam problem solved logically and simply years ago, possibly more decentralized in mining and ownership than btc, always been in the top 10 by traded volume. What is not to like? I'm just sorry that I did not accumulate more when it was cheaper, because my target price is 1/4 of BTC price (because of its final total of 84 million LTC).

and litecoin had that luxury to get its house in order because bitcoin was constantly taking the beating of its life. just like everything else that is not bitcoin.

if the situations were reversed we'd be saying the same thing about bitcoin being the contender.
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June 17, 2017, 06:13:39 PM

this LTC pump is massive. I wonder who is behind it  Shocked
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June 17, 2017, 06:17:08 PM

this LTC pump is massive. I wonder who is behind it  Shocked

a whale exit pump? in a few weeks it's possible litecoin is gonna lose its usp and it's back to business as usual.
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June 17, 2017, 06:17:39 PM

I definitely think Litecoin is still going nowhere, just because it has Segwit now and potentially LN coming doesn't change a thing. No one liked it and no one cared...for years now. And in the last 4 years, Chinese exchanges have quietly mined millions of litecoins (because it was easy and cheap to do), and will happily let this rise for a while only to dumpity-dump dump their millions of litecoins slowly back into the market once a downtrend is confirmed. I've seen it before, and won't be a part of watching that again. The top 3-4 Chinese exchanges own collectively ~8M litecoin.

I disagree, I see litecoin as what btc should have been: no b/s, no political bickering, spam problem solved logically and simply years ago, possibly more decentralized in mining and ownership than btc, always been in the top 10 by traded volume. What is not to like? I'm just sorry that I did not accumulate more when it was cheaper, because my target price is 1/4 of BTC price (because of its final total of 84 million LTC).

Yeah, I'm sure you were thinking all that when it had a completely dead community, miners were dying off and selling their rigs, and the price was floundering flat at the $2 mark for nearly 3 years straight.  Roll Eyes

Suddenly parabolic price != increased adoption
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June 17, 2017, 06:28:45 PM

Is it gonnna be new ATH before weekly candle?
China will tell just in 5 hours!
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June 17, 2017, 06:36:16 PM

BlackFlag well, that's what I see, we're getting to the local summit right now. The direction is one (down), soon the middle of the scale in 1d scale.
Can be really bloody;)

... can be. Who's blood are we looking at here, Black Flag's?

Dip buying and short rekting is trending again.
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