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

[petahashminer]

we have new ATH here

Best transaction FEE is

1005 Satoshis/byte | 0.01005 BTC/KB

for 1 kb lol, it is $ 160 fee.

[explorer]

we have new ATH here

Best transaction FEE is

1005 Satoshis/byte | 0.01005 BTC/KB

for 1 kb lol, it is $ 160 fee.

$144 and falling fast.  I get it now!  The key to lower fees is just lower price!  Dump all the bitcorns!

[goggles]

I only spent $158 for a cup of coffee, it still works, bitcoin still works!!

Go bitcoin go!!

Seriously though, I sent a transation with a 420 sat/Byte 2.5 days ago, almost looked like it was going to go through until everyone started going higher damnit lol

OMG I sent mine at 440/sat and it's only been a few hours. Guess I'm holding.

[RCan06]

we have new ATH here

Best transaction FEE is

1005 Satoshis/byte | 0.01005 BTC/KB

for 1 kb lol, it is $ 160 fee.

Remember the days when Bitcoin had cheaper fees then visa and western union? I think that used to be a big selling point, the idea of banking for the unbanked or something like that... lol

[somac.]

Lets face it, at this point in the life of BTC the high fees are an issue, these fees may not matter in 10 years time, but, they do at the moment because BTC is still a young technology and smallish market. $70 for a transaction is just stupid any way you cut it. Segwit adoption is slow, so maybe something should be done in the meantime until segwit adoption increases and until the lightning network arrives.

remember the fight over segwit? The price was having troubles and then once it happened the price boomed. I think the reason for this boom was that it was now possible for bitcoin to scale, however, we are now finding out this scaling is slow going and price is being affected. If we fixed this now, and yes through a increase in blocksize, people would be a lot happier, because it would buy time for the lightning network and segwit adoption. You would also find that price may boom again.

BTC dominance is nearing an all time low, if this doesn't concern you, you're an idiot. Once we lose this this dominance getting it back will be tricky.

[xhomerx10]

For those who still think that the fee problem will eventually be fixed, read this.  This is from Greg Maxwell, probably the most influential developer within the BS/Core group.  He is so pleased with the high fees and transaction backlog that he is uncorking champagne to celebrate.  The current state of the BTC network is their vision becoming a reality.  

 What?! He's breaking out the open level countryside?  Those Mormons sure do know how to party.  Take some notes BobLawblaw!

[bitserve]

He's right you know. We always worried that the fee market wouldn't work. Well proof is in the pudding.

Complete thread here - http://bitcoin-development.narkive.com/7lfUFGW7/total-fees-have-almost-crossed-the-block-reward

I'm intrigued to see how much tolerance users will have for this. Perhaps rather less than they're banking on.

It's not only about fees, it is about network congestion. I am hodling, but I hope every day for them to announce a blocksize increase as a temporary fix while we keep waiting for a working LN fully deployed. A small blocksize increase that we would need anyways even IF LN was already in place.

And no, for whomever is thinking so: BCH crapcoin is no solution... if Bitcoin fails ALL the crypto castle will crumble.

[Syke]

Remember the days when Bitcoin had cheaper fees then visa and western union? I think that used to be a big selling point, the idea of banking for the unbanked or something like that... lol

I remember those days. I was much happier when bitcoin was $1 each. I hate having my bitcoins worth $14,500. Damn you all!

[BTCMILLIONAIRE]

Remember the days when Bitcoin had cheaper fees then visa and western union? I think that used to be a big selling point, the idea of banking for the unbanked or something like that... lol

I remember those days. I was much happier when bitcoin was $1 each. I hate having my bitcoins worth $14,500. Damn you all!

I can help you with your pain by buying up your Bitcoins at $1. If that's still too high for you, I could also settle for a lower price. But you'll have to act quickly, my generosity doesn't last forever.

[Rosewater Foundation]

[BTCMILLIONAIRE]

Why is random nonsense so addictive?

[Rosewater Foundation]

Why is random nonsense so addictive?

It soothes our pains.

[BitcoinBubba]

Remember the days when Bitcoin had cheaper fees then visa and western union? I think that used to be a big selling point, the idea of banking for the unbanked or something like that... lol

I remember those days. I was much happier when bitcoin was $1 each. I hate having my bitcoins worth $14,500. Damn you all!

Yeah, no doubt.  Especially when they could be worth $20k+ with a simple blocksize increase.

[John_Slater]

I believe it's been only a week above $15k and like 2 weeks above 10k so I can't say it's actually DROPPING

[BTCMILLIONAIRE]

I believe it's been only a week above $15k and like 2 weeks above 10k so I can't say it's actually DROPPING

Two weeks feel like forever in crypto. Relativity at its finest.

[Rosewater Foundation]

I believe it's been only a week above $15k and like 2 weeks above 10k so I can't say it's actually DROPPING

It was $19k. Now its $14k. I can say it's actually dropped. But I guess everyone can see that already.

[Syke]

I can help you with your pain by buying up your Bitcoins at $1. If that's still too high for you, I could also settle for a lower price. But you'll have to act quickly, my generosity doesn't last forever.

That's a tempting offer, but this is a burden I brought on myself. I wouldn't feel right dumping that burden on you.

[xhomerx10]

Remember the days when Bitcoin had cheaper fees then visa and western union? I think that used to be a big selling point, the idea of banking for the unbanked or something like that... lol

I remember those days. I was much happier when bitcoin was $1 each. I hate having my bitcoins worth $14,500. Damn you all!

I can help you with your pain by buying up your Bitcoins at $1. If that's still too high for you, I could also settle for a lower price. But you'll have to act quickly, my generosity doesn't last forever.

[jojo69]

Boise, this was a real problem, mostly ducks.  I think they eventually had to change the color.

[Rosewater Foundation]

Boise, this was a real problem, mostly ducks.  I think they eventually had to change the color.

This is symptomatic of a much wider problem: Nature. It's a shambles.