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

[bitChipper]

When will the fees go down?

Will they ever? I don't see much purpose in holding fiat anymore so I want to be able to spend my crypto...

Someone enlighten me on the process of LN and when we could actually expect bitcoin fees and backlog to be lowered.

Friends dont even want to move their bitcoin off of coinbase because its too expensive, if bitcoin is purely going to be a store of value "digital gold" then won't an altcoin eventually take highest market cap?

[natewelt]

BTC needs to reclaim and the 10 day moving average and show a green candle on the daily. That would do wonders for market confidence.

too soon for that

we need to drop another 3K and get a good base under us

Possibly, but we've already had 5 red daily candles in a row time to turn green.

The price action at this moment is not looking so bullish though....

[JayJuanGee]

920 stinking Satoshis per Byte for a transaction?

I have one wallet with €500 in it, my max spend is €240 with a €260 fee! This really is the future!  Bitcoin Cash isn't the answer, I know, but someone needs to come up with an answer, or people will dump this 'currency' hard soon.

I get the idea that the current crash doesn't have anything to do with the fees though, it's just a random correction.

Had the same thing happen to me.
They are saying 0.028btc in fee to pay soon for all transactions!

That is $425. Are they fucking insane?

I paid 10 satoshis/byte ( .13cents)  for a largish transaction on the competing chain which shall remain nameless. (It was in the next block)

Yes...... show a bit more of your colors.  Are you gonna claim that bcash is the real bitcoin too, and are you going to claim that bcash has the same network effects as bitcoin?  Yes.  Fees are going to be cheap when no one is using it and when no one even feels inclined to spend any time and resources to spam attack it.  So you may as well trade in all of your bitcoin for Bcash, and then go play on r/btc with the other shills, no?

I have an equal amount of BCH and BTC. So you can crucify me now.

There is nothing wrong with taking whatever position that you believe in, but just get out of here with your delusional talking points pumping Bcash, and take your nonsense trolling to some other thread.

[AlcoHoDL]

Any idea to remove that stupid snow on cryptowat.ch ?

Top-right corner of main area --> Second icon (one that looks like an 'x') --> "Snow" option --> Untick.

[luckygenough56]

we just broke up, right?

down you mean ?

[JayJuanGee]

I paid 10 satoshis/byte ( .13cents)  for a largish transaction on the competing chain which shall remain nameless. (It was in the next block)

Fees are going to be cheap when no one is using it and when no one even feels inclined to spend any time and resources to spam attack it. 

This is fun: http://txhighway.com

that is fun...BCH is like an 8 lane US 50...much spacious, so solitude, wow

hahahahahaha   

Maybe we need some kind of digital desert meme here for our lovely lillie bbbbbbbbbbbbbbbbeeeeeeeeeecash?  A tumbleweed, perhaps?

[bones261]

I paid 10 satoshis/byte ( .13cents)  for a largish transaction on the competing chain which shall remain nameless. (It was in the next block)

Fees are going to be cheap when no one is using it and when no one even feels inclined to spend any time and resources to spam attack it.  

This is fun: http://txhighway.com

that is fun...BCH is like an 8 lane US 50...much spacious, so solitude, wow

hahahahahaha    

Maybe we need some kind of digital desert meme here for our lovely lillie bbbbbbbbbbbbbbbbeeeeeeeeeecash?  A tumbleweed, perhaps?

This reminds me of an old Atari game that I used to play where you tried to get your chicken across the road.

https://www.youtube.com/watch?v=CPpPWE_vNA8

[petahashminer]

broke down 15K

$ 14971

triple low on bitstamp. seems it will go down further.

[RejectedBanana]

Do you honestly think that the motives of Jihan Wu and Roger Ver are to change the world for the better? Really? Have you followed their actions and their modus operandi? And you have decided to side with them and support Bcash? If that is true, then I'm afraid you are self-disrespecting your own achievements. It's sad, really...

I communicate directly with both of them, have met both in person and had lengthy discussions with each.  I believe they love Bitcoin for the same three four reasons I do:

1. The technology behind bitcoin is interesting and novel; Satoshi solved a long-standing problem in computer science.
2. The adoption of Bitcoin would change the world for the better, by giving us a better form of money.
3. The potential to earn of a huge amount of money.
4. I'm a wannabe felon.

FTFY

Roger Ver has done a huge amount to further Bitcoin adoption.  Perhaps more than anyone else besides Satoshi Nakamoto.  He truly loves Bitcoin and wants to see all of the world adopt it.  That people now abuse him for trying to fix the problem of high fees and unreliable confirmations is heart-breaking for me.

Your dreamboat:



taken from:
https://twitter.com/AwashInEchoes/status/943921356525260801

[Torque]

broke down 15K

$ 14971

triple low on bitstamp. seems it will go down further.

It could easily go to $10k-12k and still be bullish.

Keep in mind there's some robo trading going on, based purely on technicals.

[somac.]

The altcoin market is starting to show a lot of red. This could mean that they are going to crash soon and the money is going to flow to BTC or that they are going to start crashing along side BTC.

Looking at the BTC chart we are stuck in a very well established down channel. I see roughly 4 hits on the support and 4 hits on the resistance. fingers cross we get a bounce off support at 14400, and then a break of resistance at roughly 16000.

One thing that has me concerned about this correction over the other ones this year is the speed. it seems to be a lot slower than the others, I hope this doesn't mean anything.

[somac.]

It could easily go to $10k-12k and still be bullish.

10k is masterlucs prediction before onward and upward, if it does go down that far lets hope he is right.

[Wolf Rainer]

Well done miners, trying to kill bitcoin. The price dumping hard, the fees very hard... Useless network.

[drbrockcoin]

The altcoin market is starting to show a lot of red. This could mean that they are going to crash soon and the money is going to flow to BTC or that they are going to start crashing along side BTC.

Looking at the BTC chart we are stuck in a very well established down channel. I see roughly 4 hits on the support and 4 hits on the resistance. fingers cross we get a bounce off support at 14400, and then a break of resistance at roughly 16000.

One thing that has me concerned about this correction over the other ones this year is the speed. it seems to be a lot slower than the others, I hope this doesn't mean anything.

Well its a possibility but I think maybe a lot of new people coming into alts rather than btc as they see btc as too expensive which means that some not all of them will be thinking long term and ignoring the current price action.

I dont think someone which has just invested say in 5 NEO or whatever coin is going to think about selling because the price starts to drop as its not enough of an investment to warrant worrying about smallish price movements in the short term.

And I suspect there is a lot of people who have entered the scene but have invested less than a 1000 dollars into X-coin and so will not be thinking about selling anytime soon

[BTCMILLIONAIRE]

Well done miners, trying to kill bitcoin. The price dumping hard, the fees very hard... Useless network.

https://scontent.faep4-1.fna.fbcdn.net/v/t1.0-9/25550166_1682176411821632_4810748985398429631_n.jpg?oh=6dba8439c1975abea5884f05a8ad9f20&oe=5ACFC1DB

This actually makes me wonder how much I paid for fees today. I used arbitrage opportunities to transfer coins between exchanges for some trades and ended up with more coins than I sent out. But I didn't really pay attention to whether or not the fees were significant for the BTC transfers...

[Gab0]

Well done miners, trying to kill bitcoin. The price dumping hard, the fees very hard... Useless network.

Bitcoin is digital gold. The network is working perfectly well for institutions and large investors. Nothing to see here.

[drbrockcoin]

The altcoin market is starting to show a lot of red. This could mean that they are going to crash soon and the money is going to flow to BTC or that they are going to start crashing along side BTC.

Looking at the BTC chart we are stuck in a very well established down channel. I see roughly 4 hits on the support and 4 hits on the resistance. fingers cross we get a bounce off support at 14400, and then a break of resistance at roughly 16000.

One thing that has me concerned about this correction over the other ones this year is the speed. it seems to be a lot slower than the others, I hope this doesn't mean anything.

Well its a possibility but I think maybe a lot of new people coming into alts rather than btc as they see btc as too expensive which means that some not all of them will be thinking long term and ignoring the current price action.

I dont think someone which has just invested say in 5 NEO or whatever coin is going to think about selling because the price starts to drop as its not enough of an investment to warrant worrying about smallish price movements in the short term.

And I suspect there is a lot of people who have entered the scene but have invested less than a 1000 dollars into X-coin and so will not be thinking about selling anytime soon

Also a lot of alts are showing RED because they made significant gains in the past few days so are in a sideways action... Some of them forming bullish pennant flags although like I say in BTC anything can happen

[Rosewater Foundation]

Well done miners, trying to kill bitcoin. The price dumping hard, the fees very hard... Useless network.

https://scontent.faep4-1.fna.fbcdn.net/v/t1.0-9/25550166_1682176411821632_4810748985398429631_n.jpg?oh=6dba8439c1975abea5884f05a8ad9f20&oe=5ACFC1DB

This actually makes me wonder how much I paid for fees today. I used arbitrage opportunities to transfer coins between exchanges for some trades and ended up with more coins than I sent out. But I didn't really pay attention to whether or not the fees were significant for the BTC transfers...

Soon it will cost more to send a coin than to buy one.

[BTCMILLIONAIRE]

The altcoin market is starting to show a lot of red. This could mean that they are going to crash soon and the money is going to flow to BTC or that they are going to start crashing along side BTC.

Looking at the BTC chart we are stuck in a very well established down channel. I see roughly 4 hits on the support and 4 hits on the resistance. fingers cross we get a bounce off support at 14400, and then a break of resistance at roughly 16000.

One thing that has me concerned about this correction over the other ones this year is the speed. it seems to be a lot slower than the others, I hope this doesn't mean anything.

Well its a possibility but I think maybe a lot of new people coming into alts rather than btc as they see btc as too expensive which means that some not all of them will be thinking long term and ignoring the current price action.

I dont think someone which has just invested say in 5 NEO or whatever coin is going to think about selling because the price starts to drop as its not enough of an investment to warrant worrying about smallish price movements in the short term.

And I suspect there is a lot of people who have entered the scene but have invested less than a 1000 dollars into X-coin and so will not be thinking about selling anytime soon

Also a lot of alts are showing RED because they made significant gains in the past few days so are in a sideways action... Some of them forming bullish pennant flags although like I say in BTC anything can happen

I'm having quite a few green candles in terms of alt/BTC today.

[BTCMILLIONAIRE]

Well done miners, trying to kill bitcoin. The price dumping hard, the fees very hard... Useless network.

https://scontent.faep4-1.fna.fbcdn.net/v/t1.0-9/25550166_1682176411821632_4810748985398429631_n.jpg?oh=6dba8439c1975abea5884f05a8ad9f20&oe=5ACFC1DB

This actually makes me wonder how much I paid for fees today. I used arbitrage opportunities to transfer coins between exchanges for some trades and ended up with more coins than I sent out. But I didn't really pay attention to whether or not the fees were significant for the BTC transfers...

Soon it will cost more to send a coin than to buy one.

Even if that was the case, it'd become virtually free once LN rolls out.