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

[jojo69]

the one with more users

[Meuh6879]

Yep.

Users forward transactions (and filters with the rules of the network).

Users matter.
And Bitcoin Core have P2Pool miners, too ... to mitigate the lost of "somes" POOL.

[jojo69]

this shit will probably be coming to a head just about the time the weather starts cooling off, guess I should blow the dust out of all the old crap and figure out how to get on a core supporting pool

hell we ran the network just fine on this stuff a couple years ago, every little bit helps right?  plus FREE HEAT!

[Arriemoller]

/ignore

To be fair, the (increasingly large) logarithmic spike followed by an (increasingly long) 75% retractment is, probably the, defining long term pattern of Bitcoin.  Personally I think this log spike has quite a bit more to go.  Actually, I think it is just getting started.  But BNM has correctly identified the pattern.

Aren't you ignoring the fact that the  two previous bubbles were artificialy made by MtGox?
After Gox closed the price just went down to where it should have been, and would have been, had there never been a MtGox.

[empowering]

/ignore

To be fair, the (increasingly large) logarithmic spike followed by an (increasingly long) 75% retractment is, probably the, defining long term pattern of Bitcoin.  Personally I think this log spike has quite a bit more to go.  Actually, I think it is just getting started.  But BNM has correctly identified the pattern.

Aren't you ignoring the fact that the  two previous bubbles were artificialy made by MtGox?
After Gox closed the price just went down to where it should have been, and would have been, had there never been a MtGox.

yeah...wherever would we be without MtGox?  

/s

ps 2014 just called- apparently they want their post back   ^^

[jojo69]

Aren't you ignoring the fact that the  two previous bubbles were artificialy made by MtGox?
After Gox closed the price just went down to where it should have been, and would have been, had there never been a MtGox.

Now hold on a minute, let's flesh this out.  You believe the Willy bot produced the 2013 spikes?  What is your basis for this?

[Arriemoller]

Aren't you ignoring the fact that the  two previous bubbles were artificialy made by MtGox?
After Gox closed the price just went down to where it should have been, and would have been, had there never been a MtGox.

Now hold on a minute, let's flesh this out.  You believe the Willy bot produced the 2013 spikes?  What is your basis for this?

I don't know exactly how Marc did it.
But the price on Gox was alway higher than on all other exchanges, making all other follow. And when gox went away, so did the bubbles.
My guess would be that he just made the figures up, Willys part in that is unknown to me.

[jbreher]

In other news, Roger Ver and big blockers rekt again:
https://twitter.com/alansilbert/status/905106387260370945

Anecdotal evidence is anecdotal. Mayhaps we ponderate the average:



Bitcoin Cash users are paying 1/1066 the amount per transaction than are Bitcoin Core users. Bigblockers R3KT? Hardly. More the other way around.

[empowering]

In other news, Roger Ver and big blockers rekt again:
https://twitter.com/alansilbert/status/905106387260370945

Anecdotal evidence is anecdotal. Mayhaps we ponderate the average:
 
Bitcoin Cash users are paying 1/1066 the amount per transaction than are Bitcoin Core users. Bigblockers R3KT? Hardly. More the other way around.

What users?

[jbreher]

Thanks for posting the text. I suppose it's juvenile, but I can't help but draw attention to one passage in the translation:

... the Shanghai Stock Exchange trading volume of tens of thousands of penis per second.

Whatever could they have meant?

[empowering]

Thanks for posting the text. I suppose it's juvenile, but I can't help but draw attention to one passage in the translation:

... the Shanghai Stock Exchange trading volume of tens of thousands of penis per second.

Whatever could they have meant?

I know I spotted that too!

 

Freudian ? Dirty bitch.

[oblox]

Can I understand Segwit 2x like this:

Let's say:
-  most of the initial NYA miners switch to Segwit 2x (BTC1), which represents >80% of total hashing power;
-  most of the nodes (>80%) stayed with core (as of today: 6344 core nodes vs 184 BTC1 nodes, source: coindance; perhaps we can throw in also bitcoin 920 ABC nodes and 694 BU nodes to BTC1 side?)

In this case, hard fork happens, and Segwit 2x coin gets >80% of hashing power but only <20% nodes;
Core coin gets <20% of hashing power but >80% nodes;

Then which one is Bitcoin? the one with more hashing power? Or more nodes (users?)?

I'm very confused.

More nodes/users, however, the interesting thing is the difficulty reset that core doesn't have if it were to abruptly lose 80% of the hashing power.

[BlindMayorBitcorn]

 Well I was prepared to attend the icygreen show just to get my 10% but I didn't see a reply to my post inquiring about it.
 What are you a Bitcoin Busker?

I had considered sharing details of my show/identity but when I interpreted your remarks as belittling,  "The Icygreen show" and "bitcoin Busker" I decided anonymity on this forum was in my best interests.

    Sorry, Bitcoin Street Performer it is.  

 

I started to think perhaps it was the money that turned you into a douche but I see from your early posts slagging others isn't a new thing. Congratulations on becoming the first on my ignore list.

 Well it's painfully obvious you aren't a Busker but I still would have supported a fellow Canadian and come.to your show.  Thanks for the public flogging.

Great to see a couple Canadians bang it out like this. Such a fiery people.

[BlindMayorBitcorn]

A lovely good morning Bitcoinland.

Looks like recovery from the PBoC over-reaction/panic is just about complete... currently $4610USD/$5720CAD (Bitcoinaverage).

That's about where we were after the natural healthy correction after hitting $5k.

Almost all cryptocurrencies are also up with AltcoinCash up to $635USD/$787CAD (Coinmarketcap).

It's a good sign for all of us who continued to hold after the fork.

Now we can start looking toward a series of new ATHs.

Go Bitcoin go.

Hate to contradict you Jimbo, but according to my calculations getting 20% extra Bitcoins was still the better deal.

For now at least..

[Elwar]

In other news, Roger Ver and big blockers rekt again:
https://twitter.com/alansilbert/status/905106387260370945

Anecdotal evidence is anecdotal. Mayhaps we ponderate the average:



Bitcoin Cash users are paying 1/1066 the amount per transaction than are Bitcoin Core users. Bigblockers R3KT? Hardly. More the other way around.

1 satoshi/byte transactions are going through on Bitcoin.

Last night I paid 4 satoshi/byte and my transaction went through in about an hour.

[BlindMayorBitcorn]

In other news, Roger Ver and big blockers rekt again:
https://twitter.com/alansilbert/status/905106387260370945

Anecdotal evidence is anecdotal. Mayhaps we ponderate the average:



Bitcoin Cash users are paying 1/1066 the amount per transaction than are Bitcoin Core users. Bigblockers R3KT? Hardly. More the other way around.

1 satoshi/byte transactions are going through on Bitcoin.

Last night I paid 4 satoshi/byte and my transaction went through in about an hour.

If you're Roger Ver you pay six bucks in fees just so's you can complain about it to the Twatterverse.

[Olivious]

In other news, Roger Ver and big blockers rekt again:
https://twitter.com/alansilbert/status/905106387260370945

Anecdotal evidence is anecdotal. Mayhaps we ponderate the average:



Bitcoin Cash users are paying 1/1066 the amount per transaction than are Bitcoin Core users. Bigblockers R3KT? Hardly. More the other way around.

1 satoshi/byte transactions are going through on Bitcoin.

Last night I paid 4 satoshi/byte and my transaction went through in about an hour.

If you're Roger Ver you pay six bucks in fees just so's you can complain about it to the Twatterverse.

I paid 2 satoshis/byte and it went through in the very next block, we gotta love this segwit thing.
Bitcoin is recovering and will surpass again $5000 in the coming weeks?
Good morning everyone.

[deepcolderwallet]

[edited out]
 

Don't get lulled into a false impression of equivalencies between cryptos, merely because we have short term simularities (supposed synchronization) in performance - that happens sometimes, yet it does not necessarily play out on a longer scaler or even speak to some fundamental differences between them.

There seems to be one guarantee though, all crypto keeps rising in USD price regardless of bubbles and busts

Is this correct?

Sure all cryptos have been in a considerable price appreciation in regards to the dollar for nearly a year now, and sure, such ongoing crypto pumping can occur for another year or two (surely not guaranteed), but even if various cryptos are pumping simultaneously, that does not take a way from the fact that some of them are pure crap and they are just caught up in the pump.. so merely because they happen to be top 10 in crypto, does not necessarily make them good or good investments in relation to bitcoin, for example.

Also, we know that sometimes, you can make way more in various alt currency pump and dumps (maybe even 10x more than BTC or even greater), but those kinds of historical facts do not make those alt cryptos equivalent to bitcoin in fundamental terms - even though they surely are likely to be riding on bitcoin's coat-tails of success and security in order to achieve their own level of price appreciation that might dwarf bitcoin for short periods of time and even allow people to become rich faster, if they can play their cards right and not get scammed in such pump and dumps.

Anyhow, the recent consistent and ongoing superior price appreciation of various cryptos in regards to the dollar does not guarantee in any way that it is going to continue or even continue consistently when some of the scams are discovered, which could also take a considerable amount of time to realize that a large number of the cryptos are scams or at least they do not have fundamental value beyond theoretical and beyond a bunch of folks pumping money into them.

When you give away precious seconds of your life to read a reply from JayJuanGee:

+1

[elrippos friend]

[edited out]
 

Don't get lulled into a false impression of equivalencies between cryptos, merely because we have short term simularities (supposed synchronization) in performance - that happens sometimes, yet it does not necessarily play out on a longer scaler or even speak to some fundamental differences between them.

There seems to be one guarantee though, all crypto keeps rising in USD price regardless of bubbles and busts

Is this correct?

Sure all cryptos have been in a considerable price appreciation in regards to the dollar for nearly a year now, and sure, such ongoing crypto pumping can occur for another year or two (surely not guaranteed), but even if various cryptos are pumping simultaneously, that does not take a way from the fact that some of them are pure crap and they are just caught up in the pump.. so merely because they happen to be top 10 in crypto, does not necessarily make them good or good investments in relation to bitcoin, for example.

Also, we know that sometimes, you can make way more in various alt currency pump and dumps (maybe even 10x more than BTC or even greater), but those kinds of historical facts do not make those alt cryptos equivalent to bitcoin in fundamental terms - even though they surely are likely to be riding on bitcoin's coat-tails of success and security in order to achieve their own level of price appreciation that might dwarf bitcoin for short periods of time and even allow people to become rich faster, if they can play their cards right and not get scammed in such pump and dumps.

Anyhow, the recent consistent and ongoing superior price appreciation of various cryptos in regards to the dollar does not guarantee in any way that it is going to continue or even continue consistently when some of the scams are discovered, which could also take a considerable amount of time to realize that a large number of the cryptos are scams or at least they do not have fundamental value beyond theoretical and beyond a bunch of folks pumping money into them.

When you give away precious seconds of your life to read a reply from JayJuanGee:

+1

Unfortunately that stupid guy has generals who want war, the US needs war as an economic income so in conclusion what is going to happen 

[jojo69]

big new feature on BBC Capital

no such thing as bad publicity   

http://www.bbc.com/capital/story/20170906-what-you-need-to-know-about-the-latest-bitcoin-boom