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

[FractalUniverse]

lol. "we can delete anyone's deposit and keep going". thats hilarious, how can eth be still above 100.. probably too many bagholders

[Slow death]

I hope for another big dump on the weekend...

No chance, this can not happen, I had many Losses with the recent drop.

or is that 'just' him being a showman?

Must be a showman or maybe he confused 5000 with 500.000

[Dabs]

That's business for you. They're smart you know. Make money out of thin air.

[JohnUser]

BIP91 is back to 79.8, so its not fix after 80% ?

[BlackFlag]

BIP91 is back to 79.8, so its not fix after 80% ?

as I understand it will take the average, please correct me if I´m wrong

[iikun]

BIP91 is back to 79.8, so its not fix after 80% ?

as I understand it will take the average, please correct me if I´m wrong

To my understanding a fixed number of blocks needs to be found before it "locks"
See: https://www.xbt.eu/

[JayJuanGee]

[...] FrankenSegwit isn't as great as you think. If it prevents a split on August the 1st, that will definitely be a good sign. However, we will experience the same problems again before their flag day HF.

A well supported hard fork (by hashrate) is preferable over a soft fork. It is just the stigma the terminology got.

If we get a soft fork version of Segwit by the Segwit2x implementation, there will be two megabyte blocks shortly afterwards. The market already priced this in and considers it bullish now that the miners started signalling.

I don't know why you are perpetuating this nonsense about the 2mb hardlimit increase being locked in.  We are no where near that kind of thing, yet.  One step at a time.  The first step is locking in segwit, and depending upon  how it is locked could affect whether that second portion (the 2mb hardlimit increase that you mention) becomes a next step or a next possible step or a rejected next step...

[fluidjax]

BIP91 is back to 79.8, so its not fix after 80% ?

as I understand it will take the average, please correct me if I´m wrong

To my understanding a fixed number of blocks needs to be found before it "locks"
See: https://www.xbt.eu/

246 blocks before current lock-in period ends. Still 198 blocks needed for a lock-in.

Lock-in Period left
246 Blocks @ 10mins / Block = 41 Hours


So in the next 41 hours we need 198 more blocks to signal BIP91, then it *will* happen.

If it doesn't happen in the next 41 hours,  another 336 block (56 hour) period starts, where again we need 80% of those 336 block to signal BIP91, and then we get a lock-in. and segwit  will activate.

This will continue up to 4 (I think) more 336 block periods periods, before the opportunity to activate segwit via BIP91 is lost.

[Biro Bob]

Currently 81.4%

[yonton]

I'm surprised the price of bitcoin isn't moving with bip91% I expected it to rise as we moved over 80%

[FractalUniverse]

going up would be too predictable. I suspect one more big dump down.

[yonton]

haha nobody will sell if bip91 is locking in that would be suicide

[starmman]

going up would be too predictable. I suspect one more big dump down.

I'm prepared for both directions - I'm not very good at predicting in which direction BTC is going

[Elwar]

I'm surprised the price of bitcoin isn't moving with bip91% I expected it to rise as we moved over 80%

Has to lock in for anything to change. It hit 80% after the lock in period already started meaning it would need to be over 80% for that same amount of time to average out. Price is holding fairly steady waiting to see if it locks in. Even if it does not, the next lock in period over the weekend should push it through.

[yonton]

I find it strange that the number comes down sometimes. Some miners can't make up there mind? They seriously don't know what they want?

[Elwar]

I find it strange that the number comes down sometimes. Some miners can't make up there mind? They seriously don't know what they want?

It is amount of blocks mined with BIP91.

If some miner that does not support BIP91 mines extra blocks, it'll lower the number. And vice versa.

[becoin]

going up would be too predictable. I suspect one more big dump down.

Looks like a lot of people were left fiat bagholding during last panic sell. Now they are desperate to see at least one last dip. I think they'll be left with fiat bags and hesitate which alt to shoot at.

[lightfoot]

I find it strange that the number comes down sometimes. Some miners can't make up there mind? They seriously don't know what they want?

No, people are dropping it just below, then buying the dip, traditional market manipulation. Expect this to go on till the last minute.

[yonton]

They keep it between 79 and 81. Now they're just playin with us.

[becoin]

They keep it between 79 and 81. Now they're just playin with us.

Yeah, feels like a fed interest rate decision. You've to wait till last minute and some insiders know it before all others.