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

[DeathAngel]

The sad thing is that it might be easier for me to get my namecoins from BTC-e from the government than it is getting past their verification process due to a frozen account. After sending a copy of my passport and 3 months of bank statements they rejected it saying they needed a notarized ID scan from a third party, 3 months of proof of salary, utility bill, bank statements (all notarized) etc.

In other words, they want to keep all of my coins and no amount of verification will suffice.

How many coins are we talking about buddy? I hope a large majority of your HODLING'S aren't on there. This shit always seems to happen when we are in a good moment price rise. I hope we don't end up with an epic dump Gox style.

[European Central Bank]

The sad thing is that it might be easier for me to get my namecoins from BTC-e from the government than it is getting past their verification process due to a frozen account. After sending a copy of my passport and 3 months of bank statements they rejected it saying they needed a notarized ID scan from a third party, 3 months of proof of salary, utility bill, bank statements (all notarized) etc.

In other words, they want to keep all of my coins and no amount of verification will suffice.

i've always believed they scam a few users per month. as long as everyone else is happy enough then no one else is gonna believe them.

[Elwar]

The sad thing is that it might be easier for me to get my namecoins from BTC-e from the government than it is getting past their verification process due to a frozen account. After sending a copy of my passport and 3 months of bank statements they rejected it saying they needed a notarized ID scan from a third party, 3 months of proof of salary, utility bill, bank statements (all notarized) etc.

In other words, they want to keep all of my coins and no amount of verification will suffice.

How many coins are we talking about buddy? I hope a large majority of your HODLING'S aren't on there. This shit always seems to happen when we are in a good moment price rise. I hope we don't end up with an epic dump Gox style.

I had 21,000 NMC on there. Never bothered to create a wallet because they weren't worth much. Until they were. And I couldn't get them off the site.

[Ludwig Von]

[/quote]

i've always believed they scam a few users per month. as long as everyone else is happy enough then no one else is gonna believe them.
[/quote]

That is effectively a widely used practice.

[YamashitaRen]

'

so the BTC-e issue is what a 'big shrug' to the bitcoin world....price is not affected...is that what people seem to see/think now?

would be nice not to be at the 'whim' of another gox issue that slams price down for a year

(still, have the bcc fud to look forward to and the 2mb thing in 3 months.fun times)

btc...the hot mess girlfriend you can't leave.....sigh

Seems like the bulls are undeterred, no matter what obstacle is thrown at them.

http://www.youtube.com/watch?v=P3Nh5T61mQU&t=0m56s

I am wondering if the big investors will not believe btc-e is down until a reliable source confirms it.

VERY surprised to see price up when waking up this morning. Do we think it needs to hit the MSM before price reacts??

I just can't believe in bitcoin keeping this upward trend. There's a lot of incertitude in the near horizon. Worst of them being the btc-e news.
How could euphoria come back at the same time ?

That or btc-e dumps were the cause of the price fall. Which doesn't necessarily mean it cannot happen again in the near future...
Holders may wait MSM and/or the next dump.

[bitserve]

Holy shit i am drunk in vegas. How is everything going?

LineCon!!

[marcus_of_augustus]

The strength in here given the news and previous action/set-up is making me wonder if we haven't just had another 'Silk Road' moment.

For those who recall they will know what I'm talking about. It essentially marked the beginning of the legendary Sept/Oct/Nov final wave up in 2013 ... bitcoin had been relatively flat after the 'Cyprus moment' April/May wave to 266 off 15 lows.

I think the goldman sucks call to $3600 is where we'll end up after peaking at >$12,000.

[steelboy]

The strength in here given the news and previous action/set-up is making me wonder if we haven't just had another 'Silk Road' moment.

For those who recall they will know what I'm talking about. It essentially marked the beginning of the legendary Sept/Oct/Nov final wave up in 2013 ... bitcoin had been relatively flat after the 'Cyprus moment' April/May wave to 266 off 15 lows.

I think the goldman sucks call to $3600 is where we'll end up after peaking at >$12,000.

I was thinking the same thing. Was the reason for the drop the
closure of the site? My memory is not what it used to be.

[bitserve]

The strength in here given the news and previous action/set-up is making me wonder if we haven't just had another 'Silk Road' moment.

For those who recall they will know what I'm talking about. It essentially marked the beginning of the legendary Sept/Oct/Nov final wave up in 2013 ... bitcoin had been relatively flat after the 'Cyprus moment' April/May wave to 266 off 15 lows.

I think the goldman sucks call to $3600 is where we'll end up after peaking at >$12,000.

$12.000 this year seems a bit too bullish for me. We have had way bigger runs in the past though.

I do agree that even the BTC-E issue could be somewhat bullish. Let's face it, that exchange was operating completely out of any basic regulation.

[marcus_of_augustus]

The strength in here given the news and previous action/set-up is making me wonder if we haven't just had another 'Silk Road' moment.

I was thinking the same thing. Was the reason for the drop the
closure of the site? My memory is not what it used to be.

Yeah, it dropped really hard on the news of Silk Road take down and then rebounded quite robustly and suddenly, not long after ... the rebound and realisation that SR darknet activity wasn't driving btc price at that point then set off the massive rally ... that subsequently became all about China.

[Elwar]

SegWit at 100% this difficulty period:

2014 blocks before current lock-in period ends. Still 1914 blocks needed for a lock-in.
100% SegWit blocks mined in this lock-in period.

Let the countdown begin.

[bikerleszno]

BIP 141 (Segregated Witness)
1916 blocks (95%) in the current 2016-block signaling period are required for BIP 141 (Segregated Witness) lock in.

Current Count: 5 / 2016 blocks (100% so far)
2011 blocks remaining in this signalling period.

BIP 141 (Segregated Witness) is currently projected to lock in during this period.

[Dakustaking76]

Guys may i ask something..

Are my bitcoins save at kraken?
Ore better to send hardware wallet?

I need to know...

[steelboy]

Guys may i ask something..

Are my bitcoins save at kraken?
Ore better to send hardware wallet?

I need to know...

Paper or hardware wallets are safe.

If kraken goes, maybe your coins do too.

If you trade then keeping an amount on exchange is normal. If you just hodl then there is no reason to have any coins anywhere except in cold storage.

[European Central Bank]

Guys may i ask something..

Are my bitcoins save at kraken?
Ore better to send hardware wallet?

I need to know...

you don't have any coins at kraken. you have an iou from them to you.

act accordingly.

[Dakustaking76]

Guys may i ask something..

Are my bitcoins save at kraken?
Ore better to send hardware wallet?

I need to know...

you don't have any coins at kraken. you have an iou from them to you.

act accordingly.

What do you mean?
And my question was about the hard fork?
I do day trading sometimes

[bitserve]

I am thinking about pushing a Segwit patch to Bitcoin Cash github. Any chance it would be approved on time before 1 Aug?

You can try. I'm guessing you'll be met with an overwhelming chorus of NAKs.

Damn Bitcoin Cash Core ! They want to control everything! They are stopping real scalability for their own benefit!

Hahah.

On a more serious note: There are several other mechanisms that fix malleability. There is still a discussion to be had as to whether or not SegWit is the best approach.

Fixing malleability is important, but my predilection for Segwit goes much more far than that. It enables a whole new world of second layer and integration posibilities. Lighting Networks will be an AWESOME add... people focus on fee reduction but that's not the main point:

- INSTANT transactions... yep, not one hour, not ten minutes, not one minute, no.... INSTANT.

- Unlimited transaction capacity... Not 3, not 7, not 100, not 1000, not even 1.000.000, no... UNLIMITED <- Think about the "marketing" posibilities of this feature, now think about the press releases, the media coverage, no more "Bitcoin is saturated"... now think about price impact. Yeah, we don't need UNLIMITED atm... but a good marketing punch and price increase is always welcome, isn't it?

- Once we have L2 in place, many of the improvements could be done as an additional layer, reducing complexity of main critical code. Avoid innecesary risks.

- With Rootstock any "advantaging" feature Ethereum might have will be dwarfed. Imagine what other posibilities can be added in the feature <- Yep, I am thinking about market share/dominance now.

I could go on, but those are probably my main reasons for loving Segwit and LN... as you can see, at least for me, it is MUCH MORE than just TPS.

Also, I do agree blocksize increases will be eventually needed. And we can start with the 2MB increase that was agreed in NY agreement. It is perfectly ok to me, not just as a compromise, but because I HOPE it will be needed very soon. (that would mean a 2-10x adoption increase as a payment channel).

[European Central Bank]

What do you mean?
And my question was about the hard fork?
I do day trading sometimes

you don't know what it means to have coins on an exchange?

it's exactly the same as a bank. when you deposit in a bank you no longer have any money, you have credit with them. there's a possibility you won't get any money back, albeit an extremely remote one.

all your coins are on kraken are an entry on a database that they control.

as for the fort, the simplest option is to withdraw to a paper wallet. send the bitcoins elsewhere after the fork and then use the private keys for bitcoin cash.

[fluidjax]

as for the fort, the simplest option is to withdraw to a paper wallet. send the bitcoins elsewhere after the fork and then use the private keys for bitcoin cash.

This is a good way to do it. If the replay protection on the BCC network has any bugs your Bitcoin will still be safe.

So:
All your bitcoins are on Address A
After fork transfer your bitcoins on Address A to a new address Address B. - All your BTC are in Address B
If the replay protection worked as it should, the BCC coins should all still be on Address A.
You can new use the private keys for Address A in a BCC enabled wallet.

[bitserve]

I have just now realized we will probably break all records of Bitcoins moved in early August.

Everyone will wanna dump their Bitcoin Cash shitcoins and that will also translate into many BTC tx's.

It will probably be better to consolidate BTC from multiple addresses BEFORE 1 AUG, to avoid paying high fees until the dust settles.