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

[Rosewater Foundation]

Or maybe the problem is that the network is about to collapse.

[HairyMaclairy]

Holy cow.  Litecoin up another 67%.  I remember when it was $2.

[lightfoot]

You can thank me for that: I sold 10LTC this morning for $170 or ao.

Enjoy!

[gentlemand]

Hmm. I seem to remember LTC pumping stunningly shortly after BTC then it went down by 98%. I do hope history is choosing not to repeat.

[bitserve]

Hmm. I seem to remember LTC pumping stunningly shortly after BTC then it went down by 98%. I do hope history is choosing not to repeat.

Hope so. Times have changed... or maybe not.

Satoshilite is hilarious: https://twitter.com/SatoshiLite/status/940353265585160192

Pump stopped and drop a bit after that tweet... And a while later it resumed for an additional 20% now.

[Dotto]

We have arrived.

[Makka]

You can thank me for that: I sold 10LTC this morning for $170 or ao.

Enjoy!

Lol! It is worth $240 at the moment. Are people starting to relocate to LTC before CME day starts? I am curious what happens to Bitcoin in the first few days.

[JayJuanGee]

Bitcoin isn't a stock. You all are missing the big picture. This is mainstream adoption.

Although many have heard of Bitcoin, the last man/woman/gender-neutral is not in. Not by a long shot.

We gots ourselves about 1% of the world-wide population if we are lucky.

There could be pockets of the world that have up to 10% (such as technical circles), perhaps, but I am doubting that too.

[Gab0]

Yes, and it appears his friend, Jihan Wu is sticking it to the people using their Hashnest cloud mining. They set a really lowball fee for BTC withdrawals, so it is taking days for people's withdrawals to finally get confirmed. It appears Bitmain's response to a support ticket is that their transaction fee is fixed at 20,000 sats.

Or maybe the problem is that the network is about to collapse. There is tx with 20 dollars in fees that took hours or even days to confirm.
In the forum there are more and more comments on the same subject. But no, here you want to hide the elephant blaming the same guys as always, repeating the same arguments. Jihan is to blame, Roger is to blame, spam attacks are to blame.

Is that nobody here is able to see it? Will they continue to act as if nothing happens, even if the transactions cost $ 50 or $ 100?

When will it be more expensive to send a transaction than to maintain a node?

dude

nobody cares

$20?  WTAF?  $50...$100 who cares?

Will I gladly pay a $100 fee on a $100,000 transaction?

ALL

DAY

LONG!

and twice on Sundays

BTC is not for pissant transactions, get it through your head...jesus

I'm sorry, but I can not understand it. I do not understand the logic behind that.
I know that it is very annoying to quote Satoshi, but his original idea was that anyone could make a transansation with another, without the need of a third party; He even talked about small payments. I understand that his words are not absolute truths, and that he may also have made mistakes, but, that is far from wanting to convert bitcoin into a tool of a new plutocracy, in a type of money that only new oligarchs can use. That's what I have trouble understanding.
And maybe they are right, maybe it does not collapse, and we see the birth of a new economy and oligarchy, but not different from the previous ones in ethical terms.

[JimboToronto]

Did we just double top? Isn't that bad?

No. We did not just double top.

Looking at Stamp, I see the previous top at $16667. The new top is $17270.

That's a difference of over $600, far from being a double top.

[Paashaas]

Haha, Roger says it costs $50 to send a $20 transaction. More lies and deception.

Karma will be a real bitch for Roger after all those lies. He will pay for it in time.

[windjc]

Yes, and it appears his friend, Jihan Wu is sticking it to the people using their Hashnest cloud mining. They set a really lowball fee for BTC withdrawals, so it is taking days for people's withdrawals to finally get confirmed. It appears Bitmain's response to a support ticket is that their transaction fee is fixed at 20,000 sats.

Or maybe the problem is that the network is about to collapse. There is tx with 20 dollars in fees that took hours or even days to confirm.
In the forum there are more and more comments on the same subject. But no, here you want to hide the elephant blaming the same guys as always, repeating the same arguments. Jihan is to blame, Roger is to blame, spam attacks are to blame.

Is that nobody here is able to see it? Will they continue to act as if nothing happens, even if the transactions cost $ 50 or $ 100?

When will it be more expensive to send a transaction than to maintain a node?

dude

nobody cares

$20?  WTAF?  $50...$100 who cares?

Will I gladly pay a $100 fee on a $100,000 transaction?

ALL

DAY

LONG!

and twice on Sundays

BTC is not for pissant transactions, get it through your head...jesus

I'm sorry, but I can not understand it. I do not understand the logic behind that.
I know that it is very annoying to quote Satoshi, but his original idea was that anyone could make a transansation with another, without the need of a third party; He even talked about small payments. I understand that his words are not absolute truths, and that he may also have made mistakes, but, that is far from wanting to convert bitcoin into a tool of a new plutocracy, in a type of money that only new oligarchs can use. That's what I have trouble understanding.
And maybe they are right, maybe it does not collapse, and we see the birth of a new economy and oligarchy, but not different from the previous ones in ethical terms.

The problem is, the world is one of INSTANT GRATIFICATION. People like you are not patient. Right now BTC is not good as a means of micro transactions. It is better as a store of wealth.

Give bitcoin another 5+ YEARS.  The internet was not built in a day.

There are very few people in the world that don't want to see bitcoin be able to be used as all sorts of things. But its going to take time.

If you are so impatient that you can't wait, go invest all your money in some altcoin and pray they can figure it all out more quickly for you.

[Paashaas]

The price went to another ATH $17000+

$20k before X-Mass?

[Rosewater Foundation]

Did we just double top? Isn't that bad?

No. We did not just double top.

Looking at Stamp, I see the previous top at $16667. The new top is $17270.

That's a difference of over $600, far from being a double top.

Ok. Well good then.

[JayJuanGee]

A bleed is pending and I think it'd come soon. We've had enough pumps, and all that should now get settled with bitcoin going less than $13,000 once again. Alts have bled enough, now their time should come to rule for some time. Look at ETH/BTC, no one expected that price again of ETH/ETC against BTC. A big correction is required now, else even many countries would start taking bitcoin suspicious.

U sound nutso, or perhaps desperate.

Sure you might possibly be correct that we are going to experience a correction, but your phrasing that a correction "is required" seems to be out of touch with the nature of markets and bitcoin.

Furthermore, you hopeful lauding of ETH in terms of "no one expected" is a bunch of bullshit too.

Ethereum is no fucking equivalent to bitcoin, and sure there has been decent pumping coming from the snot nosed 14 year olds, but that shit had been pumped quite a bit beyond any true value that it had, so attempting to assert that .1BTC per ETH or anything close to that is normal, seems a stretch, and surely anything above .01BTC per ETH is seeming a bit inflated, too.   So perhaps cashing out of ETH might be prudent rather than pumping (and pimping) it in this BTC thread.

Oh please, ETH has great value. You can breed Cryptokitties with it. Plus it's a great ICO token generator.  
Here is a link to my ETH address to show you that I am indeed a huge (m)ETHhead. 
https://etherscan.io/address/0x6a422441d27e1d9687e410cd7f856479d3059676

Yep.  A true believer and a BIG gun, if I ever saw one.   

[Rosewater Foundation]

The price went to another ATH $17000+

$20k before X-Mass?

IDK. I think Jimbo is right, this was one of those double tops.

[jojo69]

I'm sorry, but I can not understand it. I do not understand the logic behind that.
I know that it is very annoying to quote Satoshi, but his original idea was that anyone could make a transansation with another, without the need of a third party; He even talked about small payments. I understand that his words are not absolute truths, and that he may also have made mistakes, but, that is far from wanting to convert bitcoin into a tool of a new plutocracy, in a type of money that only new oligarchs can use. That's what I have trouble understanding.
And maybe they are right, maybe it does not collapse, and we see the birth of a new economy and oligarchy, but not different from the previous ones in ethical terms.

No

I am sorry.

I mistook you for our garden variety troll, and I apologize.  I see now that you have an actual concern, one I share as a matter of fact. 

You bring up a valid point.  I can see how my attitude displayed above could be seen as every bit as distasteful as the bigblocker "if you don't have $20,000 [to spend on a full node] to help this network then fuck you".

I sincerely wish that the scaling debate could have remained civil...but this is the world we live in, and I am not prepared to cede control of the potentially most liberating technology ever conceived to the current big block cabal.

Yes, a microtransaction crypto implementation would be nice, perhaps Litecoin, perhaps L2/offchain solutions...but not shoddy, untested and hastilly implemented code on THIS blockchain...NO, the market has said no.

[Syke]

Bleh. Finally decided to apply to Genesis and Bitstamp, in addition to Gemini.

I really don't like Gemini's use of Authy for 2FA.

[lightfoot]

Main advantage of litecoin: You can go to the bitcoin ATM, put in your LTC, and in about 2 minutes tops the money pops out. With bitcoin that can take 20-30 minutes.

So for hooker speed transactions it's the way to go.

[jojo69]

HOOKER SPEED!