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

[bitcoinPsycho]

$12000 in 6 hours confirmed

Hey Mate! Is this what your beloved optimism chart say?
I know it can do better than that: am I right? 

I agree with this one. 

as a matter of fact it is. Unfortunately I don't have 200 million dollars to make it happen. something in my gut tells me $12000 is not that far away once the tether fud has subsided.

No worry, I gave you ten merrits, makes up for a few hundred millions of fiat... . 

it does thankyou

[Toxic2040]

- I feel like I am devolving from BTC price speculation down to random brainstorming regarding energy generation speculation with little to no grounding.   

I am detecting some cognitive dissonance reading thru the last several pages.

Hmmmmmmm, NIST crypto document

https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf

I smell picnic bear.

[jojo69]

"hii haaa"  expreSS.co.koks   pro-soros, pro-msm,  neocons-trumps, anti-crypto, "news"

Crocroach have again true..    
bitcoin was used like tool.. and if it not work , fed whales and all others  will leave from ..  slow move to Gf card based cryptos also .. but they dont want produce more graphic cards becouse : from internet :
""" This has nothing to do with communism and everything to do with crypto garbage being dumb. If you're so against this so called "communism", then why doesn't the capitalistic side of graphic card makers just ensures there are enough cards for dumb miners to buy them all and still have plenty for gamers? Eeeeeh, I know why, because crypto shit is volatile and can end over night, making them have tons of cards no one would buy. Where gaming consumers are steady and predictable. That's why no one ramps up the supply. What kind of rubbish capitalism is that, consumers want more, but they don't supply it? Hm."""

best comment ever  but problem is really deep.. and will becouse demand on buy ing  GF cards increase every week from gamers..
 that anticomunist comment just show how brainless and dangerous are people in usa?.. hope not all are brainwashed from mccains and pences

wow

Thank you for making the decision to ignore so easy and painless.  I appreciate that you made your lack of useful contribution so obvious in your firs post so that I did not have to read 3 or 4 of them first.

[Last of the V8s]

I am detecting some cognitive dissonance reading thru the last several pages.

[True Myth]

$12000 in 6 hours confirmed

Hey Mate! Is this what your beloved optimism chart say?
I know it can do better than that: am I right? 

I agree with this one. 

as a matter of fact it is. Unfortunately I don't have 200 million dollars to make it happen. something in my gut tells me $12000 is not that far away once the tether fud has subsided.

Finally... the return of the optimism charts.  Only a few hours remaining and $12k seems so far away.  I'll remain optimistic though.

[Toxic2040]

I am detecting some cognitive dissonance reading thru the last several pages.

"Treatment can help, but this condition can't be cured."

$12000 in 6 hours confirmed

Hey Mate! Is this what your beloved optimism chart say?
I know it can do better than that: am I right? 

I agree with this one. 

as a matter of fact it is. Unfortunately I don't have 200 million dollars to make it happen. something in my gut tells me $12000 is not that far away once the tether fud has subsided.

Finally... the return of the optimism charts.  Only a few hours remaining and $12k seems so far away.  I'll remain optimistic though.

should be heading for 12.3 anytime.

[True Myth]

$12000 in 6 hours confirmed

Hey Mate! Is this what your beloved optimism chart say?
I know it can do better than that: am I right?  

I agree with this one.  

as a matter of fact it is. Unfortunately I don't have 200 million dollars to make it happen. something in my gut tells me $12000 is not that far away once the tether fud has subsided.

Finally... the return of the optimism charts.  Only a few hours remaining and $12k seems so far away.  I'll remain optimistic though.

should be heading for 12.3 anytime.

Getting back on topic... anyone else noticing solid support gathering between the $10k to $11k range?

Roughly 2,400 BTC  from 11k to 10k on GDAX. I've been watching support grow all day in that range. I'm feeling optimistic about the next 96 hours.

*Edit* Just noticed the 1,000+ BTC wall at the magical Masterluc $7,700 mark.  Quite the following.

I mean... BTC is pretty much obligated to touch $12k now.

[bitcoinPsycho]

$12000 in 6 hours confirmed

Hey Mate! Is this what your beloved optimism chart say?
I know it can do better than that: am I right?  

I agree with this one.  

as a matter of fact it is. Unfortunately I don't have 200 million dollars to make it happen. something in my gut tells me $12000 is not that far away once the tether fud has subsided.

Finally... the return of the optimism charts.  Only a few hours remaining and $12k seems so far away.  I'll remain optimistic though.

should be heading for 12.3 anytime.

Getting back on topic... anyone else noticing solid support gathering between the $10k to $11k range?

Roughly 2,400 BTC  from 11k to 10k on GDAX. I've been watching support grow all day in that range. I'm feeling optimistic about the next 96 hours.

*Edit* Just noticed the 1,000+ BTC wall at the magical Masterluc $7,700 mark.  Quite the following.

I mean... BTC is pretty much obligated to touch $12k now.

thats right ...... the inevitability chart just sent me this.






 im not putting a time frame on this but will quote myself this time next year when it happens

[itod]

We are quickly approaching 1-2 sat/Byte BTC transaction fee area. Not there yet, still in 2-5 sat/B zone, but can easily happen tomorrow. This means that tomorrow some 0 fee transactions may be quickly accepted by miners. Insane when you remember where we where two weeks ago.

[bones261]

We are quickly approaching 1-2 sat/Byte BTC transaction fee area. Not there yet, still in 2-5 sat/B zone, but can easily happen tomorrow. This means that tomorrow some 0 fee transactions may be quickly accepted by miners. Insane when you remember where we where two weeks ago.

Unfortunately, most of the pools are set up to ignore 0 fee transactions and not include them in a block. Also, I suspect that Bitcoin.com, F2Pool and maybe Antpool have set things up to ignore transactions with slightly higher fees than that as well.  However, the situation is vastly improved. There are some transactions that have been stuck since November that are clearing. (Although I supect many of these are indeed spam.)

[enter`name`here]

Hmmmmmmm, NIST crypto document

https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf

so, bitcoin cash is the original blockchain. interesting.

Bitcoin cash is the original block chain?? I am fairly certain the information in that image is just wrong. Segwit activation did not cause a hardfork, it motivated it.

[d_eddie]

Hmmmmmmm, NIST crypto document

https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf

so, bitcoin cash is the original blockchain. interesting.

Bitcoin cash is the original block chain?? I am fairly certain the information in that image is just wrong. Segwit activation did not cause a hardfork, it motivated it.

I don't think they are that incompetent at the NIST. The blunder may be intentional.

[Toxic2040]

I mean... BTC is pretty much obligated to touch $12k now.

ikr...it was a nice weekend for me. Actually got out and finished some chores. Boat is almost ready to be splashed for spring.

Not sure where all this friction is coming from..but the market it straining at the leash to go up. Not sure if its residual down pressure from events last week(read NEM hack) or if we just got caught up in the typical weekend dump where the two forces basically cancelled each other out.

All in all looks like a bullish week is ahead.

Hmmmmmmm, NIST crypto document

https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf

so, bitcoin cash is the original blockchain. interesting.

Bitcoin cash is the original block chain?? I am fairly certain the information in that image is just wrong. Segwit activation did not cause a hardfork, it motivated it.

I don't think they are that incompetent at the NIST. The blunder may be intentional.

Technically..pro spin.

[keyboard warrior]

$12000 in 6 hours confirmed

There's less than an hour to go and it's still $11200 on bearstamp.

However it was $11968 on cex.io less than two hours ago. Did you mean $12000 only on cex.io?

[bitcoinPsycho]

$12000 in 6 hours confirmed

There's less than an hour to go and it's still $11200 on bearstamp.

However it was $11968 on cex.io less than two hours ago. Did you mean $12000 only on cex.io?

Yes lol

[d_eddie]

We are quickly approaching 1-2 sat/Byte BTC transaction fee area. Not there yet, still in 2-5 sat/B zone, but can easily happen tomorrow. This means that tomorrow some 0 fee transactions may be quickly accepted by miners. Insane when you remember where we where two weeks ago.

Unfortunately, most of the pools are set up to ignore 0 fee transactions and not include them in a block. Also, I suspect that Bitcoin.com, F2Pool and maybe Antpool have set things up to ignore transactions with slightly higher fees than that as well.  However, the situation is vastly improved. there are some transactions that have been stuck since November that are clearing. (Although I supect many of these are indeed spam.)

Getting low-fee or zero-fee transactions confirmed seems like an attainable goal. For example, by imposing a penalty on block reward for mining significantly underfilled blocks when the mempool has many transactions waiting. I understand there's an issue with timing. Maybe just "old" mempool transactions could count - say, only those that have been waiting more than 2-3 blocks. The penalty would be added as a bonus to the next full block, in order to preserve planned inflation. Several constants to tweak, but I think it could be done. This is a minor issue, however: no one is going to cry if If 0-fee txs get dropped.

My pet problem is more serious - getting rid of spam as much as possible. Avoiding tx censorship and fighting spam are fundamentally opposite goals, unfortunately. Core defined a threshold for dust transactions exactly in order to fight spam.

[Syke]

Nobody forwards 0-fee txes. The effective minimum fee is 1-2 sats/byte, which is so cheap it might as well be 0.

[El duderino_]

The time When everybody was bored by only ATH’s seems far away  

[pera]

Hmmmmmmm, NIST crypto document

https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf

so, bitcoin cash is the original blockchain. interesting.

Bitcoin cash is the original block chain?? I am fairly certain the information in that image is just wrong. Segwit activation did not cause a hardfork, it motivated it.

This is just a draft of an internal report, which open for comments, and it seems they already fixed the obvious error:
https://twitter.com/nerdgirlnv/status/957982195787771910

[El duderino_]

  Whats merit standing for ?