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

[somac.]

Im expecting this bull run on XRP will not end before it hits $5

I thought this was the price discussion topic for bitcoin not a discussion thread for the price action of cripple. But now we're at it anyway. I hope if it does hit $5 it will be dunked to the outskirts of the sub top 100 on cmc. We still need a good meme for a legendary pump 'n dump.

ha, it is way more likely to be number 1 then under 100 (ripple has always been near the top also). I wish this wasn't happening, and by all logic there should of been a dump by now. But, its not happening. I don't think this is like 2013 where the alts were literally just pump and dumps, the coins now are too mature and with ever increasing innovation. It will be very hard for BTC to maintain its dominance.

I think what we are seeing at the moment, is that BTC is now just becoming another coin, it may not lose it's top place this time, but it will happen eventually.

[milkshock100]

Anyhow the xrp pump is over...

Are you sure about that?

I’m not

Looks like it's back on.

Im expecting this bull run on XRP will not end before it hits $5

I could see nearly double that -  the only positive is that it appears that btrash is taking more of a hit than btc

Look at decred as a random example of what is possible

[lightfoot]

We would need a separate thread for discussing altcoins in general from a Bitcoin perspective.

Yeah, I know there is a BT subsection for altcoins but it is pure rubbish and full of blind retarded shills. Not what I am looking for.

So make another one, self moderate it, and deal with the shit that is altcoins.

Meantime Bitcoin seems to be stuck between 14-15k. Alts are going up because people perceive them to be cheaper or something, truth is they are like computer stocks in 2000 when every stock was bid up without any fundementals. Crash will come and money will flow back to the stuff with promise. By then Bitcoin had better have segwit running properly.

My question, how will people monetize the LN?

[somac.]

My question, how will people monetize the LN?

For now who cares, just get the damn thing up and running.

[ragnar0k]

Im expecting this bull run on XRP will not end before it hits $5

I thought this was the price discussion topic for bitcoin not a discussion thread for the price action of cripple. But now we're at it anyway. I hope if it does hit $5 it will be dunked to the outskirts of the sub top 100 on cmc. We still need a good meme for a legendary pump 'n dump.

ha, it is way more likely to be number 1 then under 100 (ripple has always been near the top also). I wish this wasn't happening, and by all logic there should of been a dump by now. But, its not happening. I don't think this is like 2013 where the alts were literally just pump and dumps, the coins now are too mature and with ever increasing innovation. It will be very hard for BTC to maintain its dominance.

I think what we are seeing at the moment, is that BTC is now just becoming another coin, it may not lose it's top place this time, but it will happen eventually.

Nah what we see here is banks trying to take over the space. I don't think ripple will go away anytime soon, these guys are not Roger Ver... Can pump XRP for a lot longer
I bought some XRPs with my play money, but I'll probably hodl my BTC stash till 0 - unfortunately they figured out that people greed is the best tool to beat BTC

Edit so I don't look like a bear: I think there is still a good chance we get out of the top resistance and push up, same greed/fomo that has driven the alts surge might move BTC high

[fluidjax]

By then Bitcoin had better have segwit running properly.

My question, how will people monetize the LN?

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

[BitcoinBunny]

Will BTC dominance drop to under 30% today? 

[lightfoot]

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

Interesting. I can see pool operators not wanting to upgrade, they get fees. However exchanges should have updated now to provide lowest cost transactions. Hm.

154000 transactions unconfirmed, this is still a problem....

[bitserve]

By then Bitcoin had better have segwit running properly.

My question, how will people monetize the LN?

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

The big generators are mainly exchanges. Exchanges profit on trades. They are making a killing with current situation, with all this pump and dumps, trades between coins, fast frequency trades, etc.... compare that with a situation in which Bitcoin was just working perfectly and people was just buying and hodling it. No contest.

At the same time, I hope they know that if Bitcoin fails it will be the doom for all crypto, so they are doing just the minimum necessary to avoid that, ie: slowly upgrading to segwit, etc...

Segwit itself was never going to fix network congestion but just an intermediary step to the real life changing evolution: LN.

[Maicol792]

By then Bitcoin had better have segwit running properly.

My question, how will people monetize the LN?

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

The big generators are mainly exchanges. Exchanges profit on trades. They are making a killing with current situation, with all this pump and dumps, trades between coins, fast frequency trades, etc.... compare that with a situation in which Bitcoin was just working perfectly and people was just buying and hodling it. No contest.

At the same time, I hope they know that if Bitcoin fails it will be the doom for all crypto, so they are doing just the minimum necessary to avoid that, ie: slowly upgrading to segwit, etc...

Segwit itself was never going to fix network congestion but just an intermediary step to the real life changing evolution: LN.

This description is the reality ... LN is the future and i think in june 18 ... btc reach 40k usd

[mOgliE]

Were all traders here though.

I'm not sure you can even consider this market "trading", more like attempting to analyze which way the scam is going:

Yup. You've got an everage fluctuation of btc around the double digit. And that's just the bitcoin, most alts can get a +/- 30% in a matter of hours.
Anyone saying they trade on a market like that is just fooling themselves.
Which doesn't mean they can't make profit of course, but just that they aren't really in control.

[OWZ1337]

By then Bitcoin had better have segwit running properly.

My question, how will people monetize the LN?

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

LN goes away from satoshis vision and you know it +++ Poon the LN dev is a bumbling idiot :-D lmfao

[fluidjax]

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

Interesting. I can see pool operators not wanting to upgrade, they get fees. However exchanges should have updated now to provide lowest cost transactions. Hm.

154000 transactions unconfirmed, this is still a problem....

Coinbase, Bitpay are the biggest generators of transactions and both have given weak reasons why they haven't upgraded. Perhaps the failure 2X has weighed on that decision - sour grapes.

The numbers of unconfirmed transactions is only a problem if you want to do small transactions. A task that will be performed by the LN network in the future, patience is needed, really what is the pressing rush to buy your coffee with Bitcoin, it can wait a few more years/months to ensure we get it right.

[Biro Bob]

Bitpay's new BIP70 payment form sucks. Doesn't work on my mobile wallets.

I'm old school. Gimme a Bitcoin address and let me magic up my own mining fee calculation based on the position of the stars and my overall mood at the time of payment!

[j753k]

XLM #1, XRP #2  

Screen shot it

[OWZ1337]

Bitpay's new BIP70 payment form sucks. Doesn't work on my mobile wallets.

I'm old school. Gimme a Bitcoin address and let me magic up my own mining fee calculation based on the position of the stars and my overall mood at the time of payment!

bitpay fucked themselves and i can't understand the stupidity behind accept that perhaps the new proprietary backdoored software was mandated by the pigs? :\ meh

[kosse]

What we are witnessing right now are the last weeks of bitcoin being the dominant cryptocurrency. Ripple and Ethereum are both going to fly past it in the near term. I think that the total collapse might be just a few days away before the masses understand that there are no longer gains to be made in bitcoin and start evacuating their assets to these two more modern cryptocurrencies.

[flynn]

.. some nonsense snipped out...

No, nothing.

[hv_]

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

Interesting. I can see pool operators not wanting to upgrade, they get fees. However exchanges should have updated now to provide lowest cost transactions. Hm.

154000 transactions unconfirmed, this is still a problem....

Coinbase, Bitpay are the biggest generators of transactions and both have given weak reasons why they haven't upgraded. Perhaps the failure 2X has weighed on that decision - sour grapes.

The numbers of unconfirmed transactions is only a problem if you want to do small transactions. A task that will be performed by the LN network in the future, patience is needed, really what is the pressing rush to buy your coffee with Bitcoin, it can wait a few more years/months to ensure we get it right.

The internet will give just: no time

Sorry myspace

[alexeft]

What we are witnessing right now are the last weeks of bitcoin being the dominant cryptocurrency. Ripple and Ethereum are both going to fly past it in the near term. I think that the total collapse might be just a few days away before the masses understand that there are no longer gains to be made in bitcoin and start evacuating their assets to these two more modern cryptocurrencies.

More modern cryptocurrencies? Some are not even cryptocurrencies (like ripple)! Some others don't even work, yet they have a price that goes up and down (like Uno)!!!!! Get real!

As for modernity, you can try the bitcoin lightning network here!!! https://htlc.me/
Of course, it's on testnet.