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

[STT]

Most people are lost on the workings of BTC and how to predict important factors like Fees.
I swear this user experience is so important to the ongoing viability for crypto overall, Im bullish on technology which enables the user not just theoretical achievements just being helpful and predictable is a massive bonus.   I agree with the recent posts by the ETH founder and others who state people have lost their way thinking of price, ironic thing to say on price thread but predicting price is looking at the more important factors  then speculators.  Im more bullish when people watch where they walk then staring at the sky

I can understand not delving into the maths side of things, but what BTC brings to the table is the ability to send money without banks. If you don't understand how to actually send coins, you shouldn't put money in this.

At Christmas dinner I was talking with a cousin who has put money into BTC recently and was worried. I didn't advise him that move, as I don't want the trouble. He was worried because of the correction, so I asked him : where are your coins, in your wallet ? He didn't know what a wallet was, everything is on an exchange... I educated him about the dangers of this, at least.

Problem is that guy is the majority of participants in Bitcoin now perhaps.   I can easily believe we have crossed that line where the new people outnumber any of the original mining generation who know Bitcoin wasnt always something you had to buy and websites are not how to hold BTC.

The product has to be user friendly or it wont succeed, something else will.   Especially if companies can just take the product and innovate and still retain the central benefits Bitcoin has.   Is anyone cheering for Ripple, Im not and I dont want that to be where any related mainstream use is most found.     I used to be in support speaking to Doctors, Lawyers and all sorts of clever people technical people highly trained in their fields but not able to sort tasks on a computer without error, its not viable to refuse this business.      Maybe they could and should sit down and study the details of what they are using but people dont do this, they just want it to work especially if its removed from what they are familiar with and crypto is new in alot of different ways.    I'm convinced this is a large part of any online successful product now

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[HairyMaclairy]

Happy Birthday Bitcoin


upload image to link

[ErisDiscordia]

I still think it's going to go lower, eventually.

Whether it goes back up to 16.5K, 20K, or even 30K, theres still plenty of room for a further drop below 10600 afterwards

There wasnt enough volume at the 10600 for that to be the capitulation or anything.

Precisely. That was the bottom of a correction within a bullish trend. Your desired mega correction & bear market will come eventually but I don't think we're there yet. Too much stupid money chasing the FOMO train.

[HairyMaclairy]

Turns out the stupid Garzik fork is measured by block height on the UB block chain not the BTC block chain. So still 100 or so blocks to go

[TERA2]

I still think it's going to go lower, eventually.

Whether it goes back up to 16.5K, 20K, or even 30K, theres still plenty of room for a further drop below 10600 afterwards

There wasnt enough volume at the 10600 for that to be the capitulation or anything.

Precisely. That was the bottom of a correction within a bullish trend. Your desired mega correction & bear market will come eventually but I don't think we're there yet. Too much stupid money chasing the FOMO train.

It was lower volume than previous corrections. The volume and the size of the order books are no longer increasing, so the trend cannot be maintained.

[HairyMaclairy]

You can’t look at BTC/ USD order books in isolation.  You have to consider the size of the entire crypto market which is rapidly ballooning.  A large portion of the XRP market cap could easily FOMO into BTC.

The entire crypto market dropped when we jumped from $14k to $15k which as we both know is nothing.

[pops87]

You can’t look at BTC/ USD order books in isolation.  You have to consider the size of the entire crypto market which is rapidly ballooning.  A large portion of the XRP market cap could easily FOMO into BTC.

I don't get people buying XRP "coins" especially for this price now...

[HairyMaclairy]

Up 40% today.  Hard to resist that. Put on a long trailing stop and hang on.

[ivomm]

[TERA2]

You can’t look at BTC/ USD order books in isolation.  You have to consider the size of the entire crypto market which is rapidly ballooning.  A large portion of the XRP market cap could easily FOMO into BTC.

I don't get people buying XRP "coins" especially for this price now...

Because the sheep buying in right now know absolutely nothing about crpyto - its like a casino and theyre picking the best table.

[bitserve]

I still think it's going to go lower, eventually.

We are all gonna die, eventually.

[mymenace]

You can’t look at BTC/ USD order books in isolation.  You have to consider the size of the entire crypto market which is rapidly ballooning.  A large portion of the XRP market cap could easily FOMO into BTC.

I don't get people buying XRP "coins" especially for this price now...

Because the sheep buying in right now know absolutely nothing about crpyto - its like a casino and theyre picking the best table.

[realr0ach]

I want to say something bearish but I cant think of anything at the moment.

http://dailystormer.red/uk-innocent-man-prosecuted-simply-for-calling-for-extermination-of-jews/

[HairyMaclairy]

I wouldn’t be surprised if Roach came out in favor of XRP. He’s a lunatic in every other sense.


Maybe we should tell him it’s backed by gold.

[mymenace]

I want to say something bearish but I cant think of anything at the moment.

Cryptoruble







     ...bearish

[LFC_Bitcoin]

I wouldn’t be surprised if Roach came out in favor of XRP. He’s a lunatic in every other sense.

I bought 200 XRP last week for shits & gigs, don’t want to miss out. Even if it goes to $100 it’d be an epic profit.

[realr0ach]

I wouldn’t be surprised if Roach came out in favor of XRP. He’s a lunatic in every other sense.

No real difference in any of these coins.  They're all designed to centralize, some just obfuscate how they're centralized better than others.  They're generally all permissioned ledgers due to not being fungible also.  The transactions are not blinded and at any second the mining or stake cartel can just say HAHA FAGS, we're not processing your transaction and declare you a terrorist.  Good luck moving your coins ever because even if North Korea processes it, the G7 will flag them!  And we don't allow tumbled coins with no origin either!

[svdleer]

Picasso is started again on GDAX.

[Traxo]

No one will be forced to use the lightning network. LN will reduced blockchain bloat and lower fees, even for the people who will never use it.

[...] Anonymint's number were WAY WAY higher than mine for how high fees can go, but I don't know if his were rational or not since I didn't really check them.

https://bitcointalk.org/index.php?topic=1767014.msg18590930#msg18590930

Furthermore:

Fellow Bitcoiners, are you ever going to realize how problematic these fees are getting?
Avg fees now over $40 per tx.
A year ago avg fee was $4.
A year prior, $0.40.
Growing faster than price, and exponentially with usage.
We just spent $4800 to move 15 BTC in one TX.

[LewisPirenne]

I don't even want to admit how many people I recognize in that teaser.  Though if Episode 6 truly occurs, that would be an epic end to this saga.