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

[B1tUnl0ck3r]

Btw how to profit from segwit? setup a node a get some fees? that simple?

That will be the Lightning Network. You'll have to have bitcoins to feed the channel.

So it's really a scam. I feed the chanel btc (what's the minimum to hold to have a node) and get a fee in return. What's the expected ROI?

[Torque]

I really wish Roger Ver would kill himself.

He already did. He character-assassinated himself, losing all credibility.

[Ludwig Von]

As soon as world countries start investing in space faring again.

That sounds convincing, it means never.  

[gentlemand]

No. I mean, 6 feet under. No biological function. Cold to the touch.

Maggot food.

That's not very nice. All he needs is a few months of intense breastfeeding and he'll be right as rain again. Let's send him to an isle of wet nurses and welcome him back at the appropriate time.

[El duderino_]

ANALYSIS: WHY AUGUST 3rd?
(micgoossens's prediction game)

(SNIP)
TL;DR.
Fear of Aug 1st dissipates slowly while the wounded lick their wounds. New week, new life starting on Friday Thursday.

Sounds Good 
Let see to 3th of August

Glad you like it 

and still feeling lucky with the small dip

[Elwar]

Btw how to profit from segwit? setup a node a get some fees? that simple?

That will be the Lightning Network. You'll have to have bitcoins to feed the channel.

So it's really a scam. I feed the chanel btc (what's the minimum to hold to have a node) and get a fee in return. What's the expected ROI?

Yep. One big scam, everyone's going to get so screwed. lol


If person A is opening a channel to person C and you are in the middle, person B you need to cover the amount that they are transferring back and forth. The person in the middle can charge whatever percent they want, but once there is a large network of providers the cheapest route will be used.

Person A is basically "sending" you bitcoins and you're "sending" bitcoins back to them, you are "sending" bitcoins to person C and they're "sending" bitcoins back to you. Now Person A can send to Person C as many times as they want and Person C can send to Person A as many times as they want. The transactions are "recorded" by you and settled at any time or at the end of the lock-in period.

Depending upon how much they want to open the channel for, you need to have enough bitcoins to cover both sides. So twice the size of the channel.

Many people will be opening free channels at first though I imagine...to become trusted channels so they can charge down the line.

[Ted E. Bare]

What's wrong with btc-e?

[Torque]

What's wrong with btc-e?

Offline it seems.

[bitserve]

I don't think I'm winning micro's ATH game.

I told you... 4 AUG.

There's no way the ATH is broken before 1 AUG has passed away. Also we needed some little correction after the recent surge from the lows of $1900-.

[bitserve]

Relax guys, even ViaBTC is now saying that they intend to adhere to the Segwit2x agreement:

https://www.bitcoin.com/public-service-announcement

As suspected, it was just a game theory move (a ridiculous one though) to exercise some pressure to "guarantee" the second part of the agreement (2x blocksize).

I don't even think the drop has been due to this... it's just a minor correction before propeling to new highs early August.

[Torque]

Relax guys, even ViaBTC is now saying that they intend to adhere to the Segwit2x agreement:

https://www.bitcoin.com/public-service-announcement

As suspected, it was just a game theory move (a ridiculous one though) to exercise some pressure to "guarantee" the second part of the agreement (2x blocksize).

I don't even think the drop has been due to this... it's just a minor correction before propeling to new highs early August.

Are you kidding? They propped this BCC altcoin up for one purpose. As the 2X date approaches, they are going to have loads of fun switching their hashrate back and forth from Bitcoin to BCC blockchain, in an attempt to strong arm the core developers/community and FUD the shit out of the market and cause massive amounts of hysteria, fear and price volatility.

Mark my words. Roger and Jihan will be cackling with glee the whole time.

[Ted E. Bare]

Anyone sold at the bottom? What a scam.

[FractalUniverse]

Anyone sold at the bottom? What a scam.

not me, I didn't buy yet 

[bitserve]

Relax guys, even ViaBTC is now saying that they intend to adhere to the Segwit2x agreement:

https://www.bitcoin.com/public-service-announcement

As suspected, it was just a game theory move (a ridiculous one though) to exercise some pressure to "guarantee" the second part of the agreement (2x blocksize).

I don't even think the drop has been due to this... it's just a minor correction before propeling to new highs early August.

Are you kidding? They propped this BCC altcoin up for one purpose. As the 2X date approaches, they are going to have loads of fun switching their hashrate back and forth from Bitcoin to BCC blockchain, in an attempt to strong arm the core developers/community and FUD the shit out of the market and cause massive amounts of hysteria, fear and price volatility.

Mark my words. Roger and Jihan will be cackling with glee the whole time.

Not kidding, yet you are probabilistically right. That's why I am NOW (after Segwit passed with flying colors) in favor of the FIXED 2MB blocksize increase. It won't do any harm if done right and it will remove any standing argument for their FUD attempts. Win-Win.

[BlindMayorBitcorn]

The shit winds have started to blow. Batten down the hatches.

https://www.reddit.com/r/btc/comments/6peqwr/if_the_2x_portion_of_segwit2x_fails_to_activate/

[d_eddie]

Relax guys, even ViaBTC is now saying that they intend to adhere to the Segwit2x agreement:

https://www.bitcoin.com/public-service-announcement

As suspected, it was just a game theory move (a ridiculous one though) to exercise some pressure to "guarantee" the second part of the agreement (2x blocksize).

I don't even think the drop has been due to this... it's just a minor correction before propeling to new highs early August.

Are you kidding? They propped this BCC altcoin up for one purpose. As the 2X date approaches, they are going to have loads of fun switching their hashrate back and forth from Bitcoin to BCC blockchain, in an attempt to strong arm the core developers/community and FUD the shit out of the market and cause massive amounts of hysteria, fear and price volatility.

Mark my words. Roger and Jihan will be cackling with glee the whole time.

Not kidding, yet you are probabilistically right. That's why I am NOW (after Segwit passed with flying colors) in favor of the FIXED 2MB blocksize increase. It won't do any harm if done right and it will remove any standing argument for their FUD attempts. Win-Win.

Reasonable thoughts, but I am wary of any on-chain scaling solution that makes it harder to run a full node.

My position is: with segwit working, comes the Lightning Network. With the LN, many more people will want to run a full node, if only to have a LN node up. LN routes on Tor, so the more we are, the merrier. Besides, several small channels can help decentralize the LN, should any bank or similar wish to stake serious collateral to open lots of channels.

Additionally, on the LN there's a chance to collect small fees: for channel operation (they will probably be low or zero, at least at the beginning), or for LN watching, ready to issue a penalty transaction if someone tries to cheat. Stifling growth of the number of nodes at this stage seems unwise to me.

[JayJuanGee]

What's wrong with btc-e?

Offline it seems.

Down for a few hours, now.

Latest update, about an hour ago.

https://twitter.com/btcecom/status/889840066297724928?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

[d_eddie]

I don't think I'm winning micro's ATH game.

I told you... 4 AUG.

There's no way the ATH is broken before 1 AUG has passed away. Also we needed some little correction after the recent surge from the lows of $1900-.

After Aug 1st, right. But they will hurry up to Aug 3rd 

[savetherainforest]

The shit winds have started to blow. Batten down the hatches.

Its good that bitcoin is predictable in these kind of matters...

[aesma]

Some of you doing dollar cost averaging ?

How do you choose your trades ?