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

[criptix]

Go people 10 k is in reach we can do it 

[bitcoinPsycho]

I'm calling $20000 by new year

[UnDerDoG81]

Next systematic dump huh? As gox was happening, everybody talked about 10k... Seems like something similair is happening right now. Everybody is talking about 60k. There is some manipulation going on.

[rezurect007]

A tiny flat top on the bitfinix 1h chart...


tiny fake wall @14k


first red on 6h.
RSI overbought.
Small dip incoming.

Called that dip correctly.
15k to 11.6k.

[bitcoinPsycho]

Next systematic dump huh? As gox was happening, everybody talked about 10k... Seems like something similair is happening right now. Everybody is talking about 60k. There is some manipulation going on.

move on mate this is 2017 not 2013
BTW they were right about $10000

[BayAreaCoins]

Not sure why the price is going down... $40 fees are the future.  

I am bullish in Bitcoin fees. Now I just need to find where to trade some futures for it.

Price goes down but fees goes up. This is the future of money!

Actually fees are going down atm.

Even if they do go down... the trust and faith are gone from a lot of users with the way things are set up right now.

Something needs to change in my opinion.

If Bitcoin can't be used economically in a vending machine... there is a problem.

[Globb0]

A gold bar vending machine

[JayJuanGee]

Not sure why the price is going down... $40 fees are the future.  

I am bullish in Bitcoin fees. Now I just need to find where to trade some futures for it.

Price goes down but fees goes up. This is the future of money!

Actually fees are going down atm.

Even if they do go down... the trust and faith are gone from a lot of users with the way things are set up right now.

Something needs to change in my opinion.

If Bitcoin can't be used economically in a vending machine... there is a problem.

The problem is that either you are retarded or you are merely playing dumb on purpose in order to play the WO troller/corporate shill/bitcoin denigration game.


In order to have value and a variety of use cases, Bitcoin does not need to be used to buy candy bars at this time, as you are wanting to argue such nonsense in order to attempt to suggest that bitcoin has to be a one stop shopping for every fucking single purpose in order to have value.  Seems quite likely that in the future bitcoin will have increasing use cases, but not necessarily covering all payment methodologies at this time, you fucking nut job.

The point is that there are a lot of use cases for bitcoin - even currently, and some use cases are likely removed when transaction fees go up from less than a $1 to $50 or some variance.  Some of the use cases disappear temporarily, and sure it is possible that some of those might even have disappeared permanently.  We do not know yet because we do not know the future; however, we do know that bitcoin continues to be developed, various other cryptos continue to be developed, and surely amongst various cryptos there may be some praticality to buy a candy bar with one or more of them - if not I don't mind using cash, or a credit card or some kind of debit card for such a purchase, if I were to feel inclined to buy crap like that - which is not good for your health, by the way.  

[BayAreaCoins]

<nonsense>

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306

Satoshi would not have wasted his time answering such a question if it was not in his original mind frame.

Great quote from that link too "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

[TERA2]

[BayAreaCoins]

<nonsense>

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306

Satoshi would not have wasted his time answering such a question if it was not in his original mind frame.

Great quote from that link too "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

I mean that link alone says more than anything I could or would ever need to say... something needs to change to regain market confidence in my opinion.

LOL good one!

Or fucking Poloniex 

[JayJuanGee]

<nonsense>

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306

Satoshi would not have wasted his time answering such a question if it was not in his original mind frame.

Great quote from that link too "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

Don't be trying to act as if you are some kind of enlightened one and you are appealing to Satoshi's original vision with your attempts to impose your own values about what bitcoin should be.  Bitcoin has evolved into something that you seem to not like, and it is being worked on.  If you do not like bitcoin, find some other thing to invest in.  I am not sure about what your supposed point is to come into this thread and to spout off patronizing nonsense, as if you supposedly know something that others here do not.

You are merely a party pooper and a negative nancy, who  focuses on some narrow construct attempting to impose your values onto other people and seemingly out of touch, for that matter, too.

[TERA2]

I have a bunch of altcoin profits stuck on Polo because of their small withdrawal limits and nonresponsive support to raise my limit and I'm scared to death

[JayJuanGee]

<nonsense>

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306

Satoshi would not have wasted his time answering such a question if it was not in his original mind frame.

Great quote from that link too "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

I mean that link alone says more than anything I could or would ever need to say... something needs to change to regain market confidence in my opinion.

In other words, you are appealing to authority and not really saying anything, and therefore, you have to rely on what was said somewhere else because you cannot express anything specifically applicable to today and now, except whining and wishing that the "ought" were the "is." 

Yes, a lot of us wish a lot of things, but practical people deal with the "is", and even if they aspire to the "ought" they recognize that the "is" and the "ought" are two different things, and it they want to attempt to cause the "ought" they work towards that direction, rather than continuously whining that the "is" is not the same as the "ought."

[BayAreaCoins]

Don't be trying to act as if you are some kind of enlightened one and you are appealing to Satoshi's original vision with your attempts to impose your own values about what bitcoin should be.  

I'm just trying to use Bitcoin... the only one acting is you.

Bitcoin has evolved into something that you seem to not like, and it is being worked on.

It's not working... it's fucking losing steam because of people like you.

I'm not exactly sure what you are playing at, but you talk about how it's working out of one part of your keyboard and spam attacks on the other part.  I agree with you on Bitcoin being attacked.

If you do not like bitcoin, find some other thing to invest in.  I am not sure about what your supposed point is to come into this thread and to spout off patronizing nonsense, as if you supposedly know something that others here do not.

Don't worry about my investments... lets worry about our investment.

Our investment is working like shit right now.  I think investors should be aware because a lot of peoples coins never move off Coinbase sadly.

You are merely a party pooper and a negative nancy, who  focuses on some narrow construct attempting to impose your values onto other people and seemingly out of touch, for that matter, too.

Hardly the truth.  I'm as happy as anyone else about all this new wealth introduced into Cryptocurrency, but I'm not so happy that I'm going to be blind to getting robbed through fees... be it miner spam, Verr spam, Verr friend spam, lulz teen spam or anything else.  This is peoples money we are fucking with and when you make it a bitcoin for people to get their money... well... you get fucking Bitcoin Cash.

[ivomm]

I like this guy:

https://twitter.com/CNBCFastMoney/status/944341675119218689

[fabiorem]

I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.

Lightning network is just one of many sidechains, and one which will atract institutional investors. I hope that in the future we will have lots of different sidechains, each for a function: one to buy a coffee, one for settlement between banks, one to buy cars, one to buy real estate, and each will have its own limits, and its own fees.

[BayAreaCoins]

I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.

I agree... start slow and move up.

Just do something.

[Searing]

Ack!

Fricking, Bitcoin Hoard, must have overheard me saying "I wanted to go south for the Winter" ..Immediately, thought I was going to dump the hoard

and my BTC just "went south" instead

damn it, not what I meant! I meant me and some of the BTC would go south and party together

frigging  BTC hoard is miffed....just goes south in a miff....sheesh...

there is a diff between 'going south for the winter' and just "my BTC is going south"

don't laugh, I know you all talk to your BTC hoards as well, you can't-fool me!

(wanders off mumbling about needing more cats if BTC has gone south..what is gonna keep me warm..in this crypto winter)

I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.

Lightning network is just one of many sidechains, and one which will atract institutional investors. I hope that in the future we will have lots of different sidechains, each for a function: one to buy a coffee, one for settlement between banks, one to buy cars, one to buy real estate, and each will have its own limits, and its own fees.

Yeah, kinda wondering how many fiddles the devs of bitcoin core ordered to play while the crypto version of 'Rome Burns' is going on....

I mean, we gonna wait another year for something to scale this beast so the transaction fees are down....they would be better off tossing in the towel and ADD

a hard fork 2mb to 8mb increase, imho..sure would be a mess of work...but damn, would show there was some frigging hope of moving things along

I mean, they just plan act like they don't give a f*ck and the BTC fork folk lie about how much they love us all, as they spam the hell out of the btc network

so my choice is evil that works with low transaction fees (BCH) or idealism that does not work for transactions because they can't get off their ass and make a solution

w/o fretting about it...put a frigging hard fork in place...fix it to work better later with lightning...I mean BCH is as of now 1/3 of BTC's worth..get a clue

[alexeft]

I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.

Lightning network is just one of many sidechains, and one which will atract institutional investors. I hope that in the future we will have lots of different sidechains, each for a function: one to buy a coffee, one for settlement between banks, one to buy cars, one to buy real estate, and each will have its own limits, and its own fees.

And I say 2.456745645 or 1.823456345634 . Why is it two? And once we start, where do we stop?

Enough with the gut feelings! First time we got some real traffic, we're gonna expand the shop? And then what? Store endless cheap spam for eternity?

No thanks!