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

[bitebits]

They want to tame a honey badger.

https://www.coindesk.com/cme-groups-leo-melamed-well-tame-bitcoin/

All I ask is they pump it to 10X or 20X first, lol. 

Yeah, 2X was way underselling it.

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[chopstick]

Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.

So go use Bitcoin Cash and fk off maybe?

you beat me to it lol

You people literally play into the hands of your enemies and then gloat about it, while putting down anyone who says otherwise.

Well, I guess it's true. Lies, brainwashing and censorship really do work. It's truly unbelievable how many people support permanently crippling bitcoin.

[RealMachasm]

This doesn’t mean that we won’t have scaling in the future. What with LN coming online I am sure that the scaling and fee issues will be resolved in a timely fashion. Only not being strong armed into it.
I am sure BTC will go on to new heights soon as this latest news settles.

[JayJuanGee]

[edited out]

I surmise that your rambling diatribe could be condensed to the following argument. Bitcoin cash doesn't count because 'nutjobs' made it.  There was no contention with segwit because bitcoin cash doesn' count. Of course you are entitled to your opinion. I don't really agree with it.

Actually, whatever I said speaks for itself, and your inability or deliberate failure to understand what I wrote is reflected in your inaccurate summary of it.

If you want to know what a hard fork without contention is look at Dash which has had several hard forks during its development but not yet resulted in a rival blockchain being spawned during it. 

Oh yeah, let's look at Dash or some other blockchain to answer BIG questions about bitcoin..    Do you even understand the absurdity of your own suggestion?  There are certain dynamics in bitcoin that causes the direction forwards to be different from other alts including and probably not limited to: the size of its market cap, its actual decentralized nature, its many networking effects, and the visciousness of attacks upon it.

By the way categorizing me as a stupid ass big blocker isn't strictly accurate. I am concerned with high fees and such like resulting from small blocks however I  am still well invested in bitcoin (the 1M block variety) and haven't ruled out its success going down the settlement layer path.

Who fucking cares if you own a few bitcoins here or there or if you are hedged in various directions that includes holding some bitcoins?  your ongoing nutty and seemingly emotional FUD spreading speaks for itself.. o..k.. sure, maybe you are one of those nut jobs who actually believes the shit that he is spreading, but that does not make what you say any better, especially since it appears quite apparent that you are either lacking information or failing and refusing to adequately study various matters (facts and/or logic) before you spout them out.

[Torque]

Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.

So go use Bitcoin Cash and fk off maybe?

you beat me to it lol

You people literally play into the hands of your enemies and then gloat about it, while putting down anyone who says otherwise.

Well, I guess it's true. Lies, brainwashing and censorship really do work. It's truly unbelievable how many people support permanently crippling bitcoin.

You're right, brainwashing does work... on YOU idiots.

Brainwashing YOU to believe that 8MB block size leading to >97% centralized mining consolidation was a great thing.
Brainwashing YOU to believe that hashrate and block times all over the place was a great thing.
Brainwashing YOU to believe that NOT having wallet, exchange, broker, merchant, and industry support was a great thing.
Brainwashing YOU to believe that true mining decentralization doesn't matter.
Brainwashing YOU to believe that the economic majority of users don't matter, only the wishes of a few wealthy elites, narcissists, and useful idiots.

[Dabs]

They conceded, nothing to talk about now. The tx fees suck because the value is so high, but otherwise the system works fine. I've learned to look at bitcoin (the one and only, and there's only one left now it seems) as just bitcoin, and not to always refer to the exchange rate. Think of it like moving to another country or taking a vacation to visit one. The currency is different, the prices are sometimes cheaper or more expensive on many things (and you calculate in your head how much these same items are worth in your own currency)... You can't keep doing that.

Of course, very few things are priced in bitcoin or pegged to it. People think of the dollar or fiat equivalent or rate all the time.

[fabiorem]

I agree with this interview: http://www.zerohedge.com/news/2017-11-07/bitcoin-digital-gold

I would like litecoin as a payment currency, instead of bitcoin. Litecoin have atomic swap, and we will be able to swap it with bitcoin in the future. Purists sees it as a testnet, but for me, it have its own potential, as a digital silver, for daily use.

Bitcoin should be a reserve coin, to buy expensive things. For everything else, we can use litecoin. And people will not say its "expensive".

Compare with old times, where silver was more used as a currency than gold. Gold was more for reserve, people hoarded it for the future.

Today we can have bitcoin as gold, litecoin as silver and bcash can be like electrum coins (gold and silver combined in a single alloy).

[TheFlynn49]

Nevertheless, I'll join the party when the number of btc1 nodes decrease significantly.
And  also when the Segwit2x flag go away from the mined blocks. Just being cautious.

[EtihadBitcoin]

There's about at least 600,000 transactions per day. I used to do hundreds of them every day ... sending to 1dice addresses.

I believe this is what everybody will be doing from now on.

Lol! Dice sites will be getting everyones sends now instead of this stupid attempt to fork it by implementing segwit2x crapfest.

What a waste of everyone's time to be honest.

Believing in this crap.

[toknormal]

Because bitcoin cash's only selling point was that it *might* be the new bitcoin. The larger blocks had nothing it do with it. It'll probably tank now that the market has picked a conclusive winner.

[Asrael999]

Why is ETH up and BCH down? This market makes zero sense.

Because “ but my free coins....” best swap back to eth where one dodgy bit of code can result in my coins being locked away permanently.

[Rosewater Foundation]

Why is ETH up and BCH down? This market makes zero sense.

Because “ but my free coins....” best swap back to eth where one dodgy bit of code can result in my coins being locked away permanently.

And the SegWit2x futures are still trading. https://coincodex.com/crypto/segwit2x/
Who's buying these things?

[becoin]

Why is ETH up and BCH down? This market makes zero sense.

Nobody except losers will care about that.

[starmman]

Why is ETH up and BCH down? This market makes zero sense.

Did you not hear that ~0.6% of other peoples ETH was accidentally lost/destroyed by somebody playing with the chain. May need a hard fork to fix it.

[Ludwig Von]

Can we launch a public request to Jihan to donnate a few servers (no longer needed anyway) to Kraken? At least he would serve some public interest by doing so... .

[Rosewater Foundation]

Why is ETH up and BCH down? This market makes zero sense.

Nobody except losers will care about that.

Technically I'm a winner. It just seems odd.

[becoin]

Can we launch a public request to Jihan to donnate a few servers (no longer needed anyway) to Kraken? At least he would serve some public interest by doing so... .

Kraken are actually doing quite well with their laptop.

[conspirosphere.tk]

The tx fees suck because the value is so high

I did 6 btc tx yesterday with electrum using dynamic fees within 2 blocks. They averaged 3$ each.
Is that too damn high?
Have you ever done an international wire?

[becoin]

Tomorrow >$8k

[DeathAngel]

Why the hell is the price going down?