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

[milkshock100]

This link is probably the biggest red flag ever to tell you you should be rushing to the door to take profits:

http://thesoundingline.com/bitcoin-now-worth-more-than-all-uk-pound-banknotes-coins-in-circulation/

No it’s more meaningless bankster propaganda

[luckygenough56]

This link is probably the biggest red flag ever to tell you you should be rushing to the door to take profits:

http://thesoundingline.com/bitcoin-now-worth-more-than-all-uk-pound-banknotes-coins-in-circulation/

who cares we have infinite tethers

[mike4001]

everybody is now crazy about ripple.They missed the train with bitcoin and now are buying ripple, eth, etc, but surprisingly bitcoin price is still holding very well .

This is exactly the same that happened a few months ago (march? may?) when Bitcoin price stalled and alts were pumped big time. In the end, most of those profits returned to Bitcoin, alts stalled, and... here we are again.

It's the logical step.

Wait for your altcoin to pump and pump and when you are satisfied return to the "gold-standard" and buy bitcoin to get out your profits to a (more or less) safe place.

Bitcoin's price rises and the altcoins fall again.

And at the moment MANY altcoins are pumped!

[JayJuanGee]

Sideways for days - means we will go south soon... Watching this pattern for years now. Only one guy needs to start a dump and well be at 4 digits....

I have been watching these patterns for years now, too.  and for the first two years, during 2014 and 2015, there was a tendency to break down after sideways; however, the past two years (2016 and 2017), there has been a tendency to break up, after sideways. 

So you seem to be suggesting that we are reverting to the 2014-2015 pattern?  Seems way too early to call that kind of reversion, no?

[RayX12]

I've been warning people about Kraken on here for months.

Thieves...avoid.

 I was assimilated when they took over CAVirtex.

Been trying to get my coins off but it has been impossible to login today.  

edit:  and Hitbtc is also down for more than 24 hrs..   

[milkshock100]

Sideways for days - means we will go south soon... Watching this pattern for years now. Only one guy needs to start a dump and well be at 4 digits....

I have been watching these patterns for years now, too.  and for the first two years, during 2014 and 2015, there was a tendency to break down after sideways; however, the past two years (2016 and 2017), there has been a tendency to break up, after sideways. 

So you seem to be suggesting that we are reverting to the 2014-2015 pattern?  Seems way too early to call that kind of reversion, no?

Need to keep an eye on the alts if they’re pumping then the stall is for that reason. As stated above The scam coins will stop being pumped and the profits will go back to btc.

[luckygenough56]

when people will want to redeem fiat 180 millions usd will be missing - go tether

[RayX12]

Sideways for days - means we will go south soon... Watching this pattern for years now. Only one guy needs to start a dump and well be at 4 digits....

I have been watching these patterns for years now, too.  and for the first two years, during 2014 and 2015, there was a tendency to break down after sideways; however, the past two years (2016 and 2017), there has been a tendency to break up, after sideways. 

So you seem to be suggesting that we are reverting to the 2014-2015 pattern?  Seems way too early to call that kind of reversion, no?

Need to keep an eye on the alts if they’re pumping then the stall is for that reason. As stated above The scam coins will stop being pumped and the profits will go back to btc.

No pumping BTC untill the whales can cash out of ALT with 100% profit.
 

[Torque]

Troll bears on WO are so funny..

You guys really think we don't notice that you vanish from here when alts are pumping, and then suddenly show up here whenever the Bitcoin price is going sideways?

We notice, ok? And we put you in the 'troll' category, and many of you on /ignore.

[Ibian]

We need more throughput. Stop being a fucking tribalist and focus on what matters.

Of course we need more throughput.  But you need to come up with something better than just increasing blocksize by itself because that’s a shit solution from a decentralization point of view.  And I’m not seeing any other options other than LN and other second layer networks.  I’m all ears if you can point to a solution.

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

[jojo69]

We need more throughput. Stop being a fucking tribalist and focus on what matters.

Of course we need more throughput.  But you need to come up with something better than just increasing blocksize by itself because that’s a shit solution from a decentralization point of view.  And I’m not seeing any other options other than LN and other second layer networks.  I’m all ears if you can point to a solution.

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Bigger blocks is like a hoarder building a new room on their house to store more crap.  It doesn't solve the problem, it just allows the problem to get bigger.

Also...a linear solution for an exponentially expanding problem...

[Torque]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?   

[Ibian]

We need more throughput. Stop being a fucking tribalist and focus on what matters.

Of course we need more throughput.  But you need to come up with something better than just increasing blocksize by itself because that’s a shit solution from a decentralization point of view.  And I’m not seeing any other options other than LN and other second layer networks.  I’m all ears if you can point to a solution.

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Bigger blocks is like a hoarder building a new room on their house to store more crap.  It doesn't solve the problem, it just allows the problem to get bigger.

Also...a linear solution for an exponentially expanding problem...

It's like more throughput. Which is the issue here.

[Ibian]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. I spent $50 just today. Just on transfers. It's real money out of my pocket. And everyone elses.

Forget your fucking coffee. Fees don't need to be that big. It's a choice. That we have made. Time to make a better one.

[GreekGeek]

krakens laptop needs a reboot

[luckygenough56]

krakens laptop needs a reboot

it's an atom tablet

[Rosewater Foundation]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. I spent $50 just today. Just on transfers. It's real money out of my pocket. And everyone elses.

Forget your fucking coffee. Fees don't need to be that big. It's a choice. That we have made. Time to make a better one.

Forget your fucking fees. It's a choice. Use it or don't.
People angry at hammers because they don't act like screwdrivers. It never ends.

[Torque]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. Just on transfers. It's real money out of my pocket. And everyone elses.

Transfers for what, Ibian? Obviously not e-Commerce. Like 99.99999999999999999% of the rest of the Bitcoin community.

I'm so fucking tired of the 'false fallacy' arguments that the Bitcoin community has been having for years now. I would tell you to just go use BCH, but you know what? Those fkn idiots in that camp aren't using BCH for e-Commerce transactions either.  Just "transfers". Which just means trades, and that's it.

BCH has an 8MB block size "solution" looking for a problem that doesn't exist. They have MILES of empty lane not even being used for ANYTHING even remotely e-Commerce related. But hey, they have low fees to move their coins around for trading! Yay, great!!    

[Ibian]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. Just on transfers. It's real money out of my pocket. And everyone elses.

Transfers for what, Ibian? Obviously not e-Commerce. Like 99.99999999999999999% of the rest of the Bitcoin community.

I'm so fucking tired of the 'false fallacy' arguments that the Bitcoin community has been having for years now. I would tell you to just go use BCH, but you know what? Those fkn idiots in that camp aren't using BCH for e-Commerce transactions either.  Just "transfers". Which just means trades, and that's it.

BCH has an 8MB block size "solution" looking for a problem that doesn't exist. They have MILES of empty lane not even being used for ANYTHING even remotely e-Commerce related. But hey, they have low fees to move their coins around for trading! Yay, great!!    

Business, actually. I trade in person at a premium and buy and sell on kraken. It more than pays the rent. Except for the fees, which I don't have. And it's going to get worse until someone codes a solution. Hundred dollar fees are not far off at this rate.

[Ibian]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. I spent $50 just today. Just on transfers. It's real money out of my pocket. And everyone elses.

Forget your fucking coffee. Fees don't need to be that big. It's a choice. That we have made. Time to make a better one.

Forget your fucking fees. It's a choice. Use it or don't.
People angry at hammers because they don't act like screwdrivers. It never ends.

The fees are too damn high, and keep getting higher. It's not a non-issue.