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

[BitcoinNewsMagazine]

Most people don't realize that if SegWit had gotten approved a few years ago, it would have essentially been a non-event and the market would have responded with a whimper

How would that have happened? Not only was there no segwit release a few years ago, there wasn't even any serious discussion of it.

You know what change would have avoided this entire clusterfuck? A simple increase in max block size. Any time up to the point where the 1MB limit started getting hit routinely.

If it was not SegWit or max block size those who want to seize power from Core would have found some other issue to bitch about and rally around.

[d_eddie]

About micgoossens's ATH guessing game
I predict August 4th



EDIT: AUGUST 3rd, see below. (The 4th was already taken by a heavyweight.)

[Dotto]

[rjclarke2000]

I'd just like to say it's been a pleasure riding this rollercoaster with you all these past few years.

[BlindMayorBitcorn]

I'd just like to say it's been a pleasure riding this rollercoaster with you all these past few years.

Likewise fwiw

[bitserve]

About micgoossens's ATH guessing game
I predict August 4th

If you do that I win and you lose since I already bet on that day: https://bitcointalk.org/index.php?topic=178336.msg20261348#msg20261348

[pumpmydump]

Not that I am betting on it, but I think this Segwit on Bitcoin is way more important than it appears on first instance.

Most people don't realize that if SegWit had gotten approved a few years ago, it would have essentially been a non-event and the market would have responded with a whimper.

The only reason that anyone places any significance to it now, is because the miners made it a point of contention to hold back upgrades. They made a mountain out of a molehill. That is really all. And the mega whales are playing it for all its worth (not really that much).

Now Bitcoin is free to reach any price that is right for it, whichever that is, without the weight that was holding it in favor of other shitcoins.

Not saying that we are going to do a 25x as Ethereum or other shitcoins did this year.... but yeah, I do expect a higher ATH sometime soon and maybe a 2x by end of year. Call me a fool.

The right price for it is the price reached when most buyers are users rather than speculators looking to make a profit. There has been heavy speculation going on lately. The rise in April/May was due in great part to bitfinex's withdrawal issues, with more and more speculators buying as it rose, and it never really corrected

In about 5-6 hours we will be in BIP91 lock-in So be ready Price will explode even more

Buy the rumor, sell the news ...

[bitserve]

Not that I am betting on it, but I think this Segwit on Bitcoin is way more important than it appears on first instance.

Most people don't realize that if SegWit had gotten approved a few years ago, it would have essentially been a non-event and the market would have responded with a whimper.

The only reason that anyone places any significance to it now, is because the miners made it a point of contention to hold back upgrades. They made a mountain out of a molehill. That is really all. And the mega whales are playing it for all its worth (not really that much).

Now Bitcoin is free to reach any price that is right for it, whichever that is, without the weight that was holding it in favor of other shitcoins.

Not saying that we are going to do a 25x as Ethereum or other shitcoins did this year.... but yeah, I do expect a higher ATH sometime soon and maybe a 2x by end of year. Call me a fool.

The right price for it is the price reached when most buyers are users rather than speculators looking to make a profit. There has been heavy speculation going on lately. The rise in April/May was due in great part to bitfinex's withdrawal issues, with more and more speculators buying as it rose, and it never really corrected

In about 5-6 hours we will be in BIP91 lock-in So be ready Price will explode even more

Buy the rumor, sell the news ...

...Because going from $3000 to $1800 is not a correction?

About the sell on the news... If the Litecoin example is usefull, the price started rising when segwit lock-in was almost sure, then a little more when it really locket, then more in the next couple of weeks before ACTIVATION, until just after activation where it had a little dump.

[Luxasd]

What did he mean by this? 
Split coming?

https://twitter.com/JihanWu/status/888035149073457154

[fluidjax]

With 86.8% now and F2pool on board since a little while, only one big trolling by some big pool would avoid lock-in in a few hours.

P.S.: Segwit2x (intention) is now at 97.9%. With that majority I don't really care if they do a hard fork to 2MB. In fact I am in favor of it. JUst don't ever mention the aberration of BU next to me.

The 2MB hard fork is in reality a small change that probably has few negative effects, I think most devs will agree,  but it is a proxy war, a battle for control. If it becomes the dominant fork,  It means that the network is being run on non Core code, built by Devs who have no track record,  can spit out a largely untested HF in a few weeks, and claim it can safely run a $40B network.
There is a real risk of the best and most experienced talent draining out of the eco-system.
And the most serious problem is that the network is a risk of greater further centralisation, driven not by those with a decentralised ideology, but those obsessed with profit.  Of course we all like profit, but without de-centralisation at the core of Bitcoin it's just another paypal.

[bitserve]

With 86.8% now and F2pool on board since a little while, only one big trolling by some big pool would avoid lock-in in a few hours.

P.S.: Segwit2x (intention) is now at 97.9%. With that majority I don't really care if they do a hard fork to 2MB. In fact I am in favor of it. JUst don't ever mention the aberration of BU next to me.

The 2MB hard fork is in reality a small change that probably has few negative effects, I think most devs will agree,  but it is a proxy war, a battle for control. If it becomes the dominant fork,  It means that the network is being run on non Core code, built by Devs who have no track record,  can spit out a largely untested HF in a few weeks, and claim it can safely run a $40B network.
There is a real risk of the best and most experienced talent draining out of the eco-system.
And the most serious problem is that the network is a risk of greater further centralisation, driven not by those with a decentralised ideology, but those obsessed with profit.  Of course we all like profit, but without de-centralisation at the core of Bitcoin it's just another paypal.

That's why I am in favor of a fixed blocksize increase which is a very simple patch for core. BU isn't, plus it gives miners the control on blocksize, not only to enlarge it, but also to reduce it... plus it is more complex and BUGGY code. That's a no-no for me.

Increasing the blocksize now to 2MB? I am ok, we will need it. More so if it is approved by more than 95% hashrate. NO issues there.

[d_eddie]

About micgoossens's ATH guessing game
I predict August 4th

If you do that I win and you lose since I already bet on that day: https://bitcointalk.org/index.php?topic=178336.msg20261348#msg20261348

Oops, sorry. It is however an honor to have picked the same date as bitserve himself!

My prediction is then August 3rd!

[r0ach]

Now you know why TPTB don't even attempt to try and stop bitcoin with people like Larry Summers even actively promoting it.  It's part of the jewish banking scheme to de-cash society and bring in the cashless slave system:


http://www.silverdoctors.com/headlines/finance-news/cashless-society-alert-visa-will-be-giving-up-to-500000-to-restaurants-that-go-100-cashless/

[Slow death]

What did he mean by this?  
Split coming?

https://twitter.com/JihanWu/status/888035149073457154

what did he mean with this? There is someone who called Jihan by super mario.

A little off topic

When I was younger, I spent 18 hours a day playing super mario and other games. good times

Jihan is looking like Lex Luthor with Kryptonite

About micgoossens's ATH guessing game
I predict August 4th

If you do that I win and you lose since I already bet on that day: https://bitcointalk.org/index.php?topic=178336.msg20261348#msg20261348

Oops, sorry. It is however an honor to have picked the same date as bitserve himself!

My prediction is then August 3rd!

I already chose August 8, just make sure you do not change the date

[Herman Hesse]

About micgoossens's ATH guessing game

I predict October 4th 2017

Enough time for buyers  to feel safe again after 1 August, and much before potential problems in November-

[podyx]

[GHCoins45]

micgoossens I say 6 Aug 2017

[Herman Hesse]

Has someone noticed interesting buy orders on GDAX?

10 minutes ago it was 90 BTC for 2300euro, and now 70BTC od 2350 euro, while on Kraken price is at least 30 euro cheaper..

One more  order 30BTC for 2360euro.. someone is buying big...

[TeeBone]

Biggest daily green dildo in btc history.

[gentlemand]

So is it safe to say that scaling makes buyers feel jolly?