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

[Torque]

Source : http://www.zerohedge.com/news/2017-12-12/its-official-bitcoin-surpasses-tulip-mania-now-biggest-bubble-world-history

for now we just wanted to experience a moment of true zen serenity, knowing that we now stand in proximity to an asset bubble the magnitude of which has never before been observed by humanity.

Thanks central banks!

Funny that they don't mention:

China stock bubble of 2015

3D Printing stock bubble of 2013 (just pull up chart of SSYS or DDD, zoom out to max.... holy shit)

Kroger stock bubble of 2015 (zoom out chart)

Tesla stock bubble that started in 2013

Netflix stock bubble that started in 2012

Gold and Silver bubbles of 2011

...or really any of the other hundreds of typical bull/bear runs seen pretty much yearly around the world.. I guess Bitcoin is just so unique.

[Toxic2040]

Source : http://www.zerohedge.com/news/2017-12-12/its-official-bitcoin-surpasses-tulip-mania-now-biggest-bubble-world-history

for now we just wanted to experience a moment of true zen serenity, knowing that we now stand in proximity to an asset bubble the magnitude of which has never before been observed by humanity.

Thanks central banks!

-snip-

For some reason I cant find my zen atm...you havent seen it lying about have you? Its all still so surreal.   +26488.26% for me

[Phil_S]

It's time for another rally... I feel it...

[Gab0]

That's too much pain, you need to learn about transaction acceleration =>
https://pool.viabtc.com/tools/txaccelerator/

The 100 tx per hour is filled in the first 30 seconds.

So If I am stuck with a slow transaction, every hour I have 30 seconds to push it through this, so I get it confirmed after a few more hours ?

Ok, good enough for me.

Yes, it's good. It's much better than nothing.

I imagine you have read it, but in that same place Viabtc expresses its position regarding the problem of scale, supporting larger blocks, and even advertising BCH.
So, for many users in this forum, using their free service can mean supine inconsistency.

What should we do to solve jam problem?

Essentially, the key to solving jam problem is to increase or even remove block size limit but Bitcoin Core developers keep refusing to do so to allow more people to use Bitcoin, regardless of the Bitcoin white paper and signed consensus.

In this case, a group of big block supporters initiated the first hard fork of Bitcoin increased the block size to 8MB, with a forked digital asset born - Bitcoin Cash (BCH).

BCH does all what Bitcoin can and does it better in a more flexible way. What’s more, much lower fees and faster confirmations makes it more user-friendly, following the core principles of “Bitcoin”.

[JimboToronto]

Oh look another ATH at Stamp.

[Phil_S]

These low-volume ATHs are creepy.

[Torque]

That's too much pain, you need to learn about transaction acceleration =>
https://pool.viabtc.com/tools/txaccelerator/

The 100 tx per hour is filled in the first 30 seconds.

So If I am stuck with a slow transaction, every hour I have 30 seconds to push it through this, so I get it confirmed after a few more hours ?

Ok, good enough for me.

Yes, it's good. It's much better than nothing.

I imagine you have read it, but in that same place Viabtc expresses its position regarding the problem of scale, supporting larger blocks, and even advertising BCH.
So, for many users in this forum, using their free service can mean supine inconsistency.

What should we do to solve jam problem?

Essentially, the key to solving jam problem is to increase or even remove block size limit but Bitcoin Core developers keep refusing to do so to allow more people to use Bitcoin, regardless of the Bitcoin white paper and signed consensus.

In this case, a group of big block supporters initiated the first hard fork of Bitcoin increased the block size to 8MB, with a forked digital asset born - Bitcoin Cash (BCH).

BCH does all what Bitcoin can and does it better in a more flexible way. What’s more, much lower fees and faster confirmations makes it more user-friendly, following the core principles of “Bitcoin”.

99.999999999% of transactions are all buying/selling, trading, gambling, wallet moving, and other bullshit. And it's been that way for 8 years, will probably be that way for 8 more...

[RayX12]

Oh look another ATH at Stamp.

Ride that wave of money coming to the market!

[Gab0]

That's too much pain, you need to learn about transaction acceleration =>
https://pool.viabtc.com/tools/txaccelerator/

The 100 tx per hour is filled in the first 30 seconds.

So If I am stuck with a slow transaction, every hour I have 30 seconds to push it through this, so I get it confirmed after a few more hours ?

Ok, good enough for me.

Yes, it's good. It's much better than nothing.

I imagine you have read it, but in that same place Viabtc expresses its position regarding the problem of scale, supporting larger blocks, and even advertising BCH.
So, for many users in this forum, using their free service can mean supine inconsistency.

What should we do to solve jam problem?

Essentially, the key to solving jam problem is to increase or even remove block size limit but Bitcoin Core developers keep refusing to do so to allow more people to use Bitcoin, regardless of the Bitcoin white paper and signed consensus.

In this case, a group of big block supporters initiated the first hard fork of Bitcoin increased the block size to 8MB, with a forked digital asset born - Bitcoin Cash (BCH).

BCH does all what Bitcoin can and does it better in a more flexible way. What’s more, much lower fees and faster confirmations makes it more user-friendly, following the core principles of “Bitcoin”.

99.999999999% of transactions are all trading, gambling, wallet moving, and other bullshit. And it's been that way for 8 years, will probably be that way for 8 more...

Ok, whatever you say

[philip2000uk]

These low-volume ATHs are creepy.

Is the volume those bars at the bottom on bitcoinwisdom?  also where is the best place to see orders?

[bitcoinPsycho]

[Paashaas]

1. Bitcoin

2. Litecoin (only because of Atomic-Swaps)

3. .....

4. .....

5. .....

Rest is a huge pile of dogshit.

Lightning network will make litecoin obsolete. Rootstock will make ETH obsolete.

The only altcoin with good long term prospects is Monero. It has the two important aspects that bitcoin cannot and/or will not ever have: anonymity and fungibility.

Mimblewimble/tumblebit will make Monero unnecessary

[flynn]

Yes, it's good. It's much better than nothing.

I imagine you have read it, but in that same place Viabtc expresses its position regarding the problem of scale, supporting larger blocks, and even advertising BCH.
So, for many users in this forum, using their free service can mean supine inconsistency.

Dammit.

I sold my soul to the devil. That crossed my mind, but that escalated quickly.

Ok. Nevermind.

[infofront]

1. Bitcoin

2. Litecoin (only because of Atomic-Swaps)

3. .....

4. .....

5. .....

Rest is a huge pile of dogshit.

Lightning network will make litecoin obsolete. Rootstock will make ETH obsolete.

The only altcoin with good long term prospects is Monero. It has the two important aspects that bitcoin cannot and/or will not ever have: anonymity and fungibility.

Mimblewimble/tumblebit will make Monero unnecessary

Mimblewimble will be launching as an altcoin now, and not a BTC sidechain as originally planned. Tumblebit is 100% centralized, and requires absolute trust in the tumblebit server operators

[bitcoinPsycho]

1. Bitcoin

2. Litecoin (only because of Atomic-Swaps)

3. .....

4. .....

5. .....

Rest is a huge pile of dogshit.

Lightning network will make litecoin obsolete. Rootstock will make ETH obsolete.

The only altcoin with good long term prospects is Monero. It has the two important aspects that bitcoin cannot and/or will not ever have: anonymity and fungibility.

Mimblewimble/tumblebit will make Monero unnecessary

Mimblewimble will be launching as an altcoin now, and not a BTC sidechain as originally planned. Tumblebit is 100% centralized, and requires absolute trust in the tumblebit server operators

That's why you need dribblewomble

[mymenace]

That's too much pain, you need to learn about transaction acceleration =>
https://pool.viabtc.com/tools/txaccelerator/

The 100 tx per hour is filled in the first 30 seconds.

So If I am stuck with a slow transaction, every hour I have 30 seconds to push it through this, so I get it confirmed after a few more hours ?

Ok, good enough for me.

Yes, it's good. It's much better than nothing.

I imagine you have read it, but in that same place Viabtc expresses its position regarding the problem of scale, supporting larger blocks, and even advertising BCH.
So, for many users in this forum, using their free service can mean supine inconsistency.

What should we do to solve jam problem?

Essentially, the key to solving jam problem is to increase or even remove block size limit but Bitcoin Core developers keep refusing to do so to allow more people to use Bitcoin, regardless of the Bitcoin white paper and signed consensus.

In this case, a group of big block supporters initiated the first hard fork of Bitcoin increased the block size to 8MB, with a forked digital asset born - Bitcoin Cash (BCH).

BCH does all what Bitcoin can and does it better in a more flexible way. What’s more, much lower fees and faster confirmations makes it more user-friendly, following the core principles of “Bitcoin”.

99.999999999% of transactions are all trading, gambling, wallet moving, and other bullshit. And it's been that way for 8 years, will probably be that way for 8 more...

Ok, whatever you say

most of my transactions lately have been gold

buy gold with bitcoin bullionstar

bullionstar are having problems filling orders, gold running out

unsure if this is related to bitcoin

happening now though

looking at realestate next

http://bitcoin-realestate.com/

need more places to accept bitcoin though bitpay is the way to go

check out their transactions huge


if you have problems with transactions check out isitjustme.com or onlydownforme.com

[arklan]

*grumbling under his breath* stupid futures and their stupid... Whatever they do... Stupid price dropping... Dumb bitcoin, going thy wrong way...

(to be clear, i'm not serious in any manner. Just wondering whats driven stamp down below 16k. And annoyed that my list buy was at 16740 or something...)

But you are the one who sets your buy and your sell orders, right?

The top, so far, has been $17,270, so if you been into bitcoin for a while, it seems strange to set buy orders that are so high, no?

Just to use myself as an example regarding my orders on bitstamp for today, I had one sell order execute at $15,850-ish, and then I had another sell order execute at $16,850, and then I had a buy order execute at $16k - ish.  

So, I am a bit unclear how your buy would be so close to the top, unless you sold some near today's top... .. and if you did, then it is not a big deal if you bought some back so high... that is $500 below the top, which is about 3%.

Even though my current increments are between 4% and 6%, I used to trade in 1.5% increments, just for practice and just to set up buy and sell orders.   I know some high volume and high frequency traders set their bots for less than 1%, but gosh probably need a bot for that, especially with the intensity of these recent price movements.

Yea, i'd sold like 40 above the buy a few minutes earlier. It's all worked out nicely now.

I actually found an open source bot, gecko something? And have a handful of programmer friends... Gonna get it set up and simply running backtest style, for starters. Then we shall see if my instincts, played by the bot, work in my favor.

Or at might just build a neural network into it and after sufficient testing let the bot make its own decisions.

Would have done it already, but been busy with work and other chaos.

[explorer]

*grumbling under his breath* stupid futures and their stupid... Whatever they do... Stupid price dropping... Dumb bitcoin, going thy wrong way...


Yea, i'd sold like 40 above the buy a few minutes earlier. It's all worked out nicely now.

(to be clear, i'm not serious in any manner. Just wondering whats driven stamp down below 16k. And annoyed that my list buy was at 16740 or something...)

But you are the one who sets your buy and your sell orders, right?

The top, so far, has been $17,270, so if you been into bitcoin for a while, it seems strange to set buy orders that are so high, no?

Just to use myself as an example regarding my orders on bitstamp for today, I had one sell order execute at $15,850-ish, and then I had another sell order execute at $16,850, and then I had a buy order execute at $16k - ish. 

So, I am a bit unclear how your buy would be so close to the top, unless you sold some near today's top... .. and if you did, then it is not a big deal if you bought some back so high... that is $500 below the top, which is about 3%.

Even though my current increments are between 4% and 6%, I used to trade in 1.5% increments, just for practice and just to set up buy and sell orders.   I know some high volume and high frequency traders set their bots for less than 1%, but gosh probably need a bot for that, especially with the intensity of these recent price movements.

Stop that.

[arklan]

Who, me? OK, ok. Stopping.

[explorer]

1. Bitcoin

2. Litecoin (only because of Atomic-Swaps)

3. .....

4. .....

5. .....

Rest is a huge pile of dogshit.

Lightning network will make litecoin obsolete. Rootstock will make ETH obsolete.

The only altcoin with good long term prospects is Monero. It has the two important aspects that bitcoin cannot and/or will not ever have: anonymity and fungibility.

Mimblewimble/tumblebit will make Monero unnecessary

Ahhh...  Probably see mimblewimble on Monero before Bitcoin.   Will that make Bitcoin unnecessary?