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Question: What year will we achieve a new ATH?
2019 - 32 (28.8%)
2020 - 42 (37.8%)
2021 - 28 (25.2%)
2022 - 5 (4.5%)
2023 - 1 (0.9%)
Never - 3 (2.7%)
Total Voters: 111

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21172685 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (23 posts by 12 users deleted.)
macsga
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February 22, 2018, 06:55:18 AM

Could it be because of the LN testing?

Not likely. This is probably due to Segwit starting to be rolled out more and more.

LN is still a giant experiment at the moment, and I can't really recommend getting involved with it right now, unless you are into masochism.

We'll see how much of a difference LN starts to make once they hit 0.6 (0.5.2 right now)

We have less tx per day comparing to the previous weeks. *Maybe* that's a good explanation after all.
https://bitinfocharts.com/comparison/transactions-btc-ltc-eth.html
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HairyMaclairy
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February 22, 2018, 07:05:02 AM

What are your thoughts on this metric:  https://outputs.today
macsga
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February 22, 2018, 07:21:14 AM

What are your thoughts on this metric:  https://outputs.today

Nice site man, thanks. It verifies with the bitinfo chart; I think it's legit. Well, IMO, it's reasonable after the rally the TX to go down, maybe it's a nice indicator price-wise as well. Watch your longs out there.
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February 22, 2018, 07:25:07 AM

Could it be because of the LN testing?

Not likely. This is probably due to Segwit starting to be rolled out more and more.

LN is still a giant experiment at the moment, and I can't really recommend getting involved with it right now, unless you are into masochism.

We'll see how much of a difference LN starts to make once they hit 0.6 (0.5.2 right now)

We have less tx per day comparing to the previous weeks. *Maybe* that's a good explanation after all.
https://bitinfocharts.com/comparison/transactions-btc-ltc-eth.html

It's number of outputs what is most relevant here. During the past few months many users, exchanges, etc started to consolidate addresses and batch transactions to reduce the impact of the high fees. That consolidation process plus the numerous forks we experienced that required to move coins before claiming made for an abnormal higher number of tx's which added to the already congested situation.

Now, after that consolidation seems to have been stabilized, more tx batching adopted, segwit increasing adoption, , no more forks to claim, etc... it is completely normal we reach the benefits of an uncongested network.

And of course, the increasing adoption of Segwit allows for more "space" available even for non-segwit tx', as expected.

We don't even need to take into account if spam was or wasn't a significant factor to see the "optimizations" in usage could perfectly explain the improvement.
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February 22, 2018, 07:30:38 AM

It's number of outputs what is most relevant here. During the past few months many users, exchanges, etc started to consolidate addresses and batch transactions. That consolidation process plus the numerous forks we experienced that required to move coins before claiming made for an abnormal higher number of tx's which added to the already congested situation.

Now, after that consolidation seems to have been stabilized, more tx batching adopted, segwit increasing adoption, , no more forks to claim, etc... it is completely normal we reach the benefits of an uncongested network.

And of course, the increasing adoption of Segwit allows for more "space" available even for non-segwit tx', as expected.

We don't even need to take into account if spam was or wasn't a significant factor to see the "optimizations" in usage could perfectly explain the improvement.

Fully agree on the above, https://outputs.today/ signifies that both are down simultaneously (or at least the trend presents them as such). Nevertheless, the ratio between those two is rising (I'm a bit confused on why this is happening). It would be nice if any of you wizards here had a site to monitor LN / SW tx/outputs (even partially right)...
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February 22, 2018, 07:38:57 AM

I can barely understand a quarter of this but it sounds promising:  https://blockstream.com/2018/02/21/bulletproofs-faster-rangeproofs-and-much-more.html
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February 22, 2018, 07:52:12 AM

I though we were done with dumping yesterday evening. but this morning it starts all over again....
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February 22, 2018, 08:04:49 AM

So stop quoting the trolls so we don't all have to read their posts over and over

25 fucking merit.


Is there no way to:

1.  Ban the perma-off-topic, vomitously hideous shit for a soul roach?
2.  The rest of the garden variety Nazi fucks turn their knobs down to say... I dunno 7?  Or 8?
3.  Talk about bitcoin?  Or Monero?

God.  Talk about Ripple and BCASH if you want!  But stop with all the damned race oriented blathering.

And just ONE PAGE.

O N E.  P A G E.

With no mentions of "EVIL JEWS" an no usage of the word "cuckold"?

Just one?

Hello! Do you have a moment to talk about how our lord and saviour Hitler did nothing wrong?
HairyMaclairy
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February 22, 2018, 08:18:27 AM

Both hands on the wheel buddy

Last of the V8s
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February 22, 2018, 09:23:13 AM

What are your thoughts on this metric:  https://outputs.today

It's gaining traction. Here's another
Meantime down to 7,000 transactions in mempool. Either people have stopped trading or segwit is making a difference.
Well volume is lower than ideal.

There's no goddam spam attack to coincide with Roger shenanigans - inefficient scammer co-ordination.

There's a push to measure not tx's but outputs https://opreturn.org/ which are up a lot.
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February 22, 2018, 09:30:29 AM
Last edit: February 22, 2018, 10:51:32 PM by marcus_of_augustus

Is that Petro cash bad news for crypto overall in that it places an unfavoured regime in the space and its cash flows in and out of Bitcoin probably.   I mean with regard to oppressive regulation or maybe its even a positive in putting an OPEC sized economy into the crypto economy generally.   [Im not expecting Petro to be a proper/fair crypto standard but still it'll be exchanged]   I would equate that to Japan endorsing Bitcoin, they also have a failing currency though its incredibly under reported theres no doubt they have debt troubles beyond solution.  Of course Japan is a friend to the 'west' so no problem I guess

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OPEC member Venezuela boasts the largest proven reserves of crude oil in the world, but has struggled against the plunge in oil prices which began in 2014.

The WTI benchmark currently sits at $58.36 per barrel, while Brent is faring marginally better at $63.73. Venezuela's sour crude basket price currently sits at $50.15, an unsustainable level given the country's dismal economic outlook and overreliance on US refineries to process its oil.

this will be great for demonstrating what a really stupid idea centralised shitcoins managed by comrade socialists truly are. It will reinforce that genuine workable crypto need to be decentralised in all aspects, networked nodes, mining, development, consensus blockchain db.

Petro, Bcash, Ether, Ripple are all centralised shitcoins ... apparently Maduro was calling the Petro devs every day to ask how his shitcoin was developing and giving socialist propaganda advice to spur the effort along ... it's almost exactly like Wu and Roger calling up Peter_r and Rick to see how Bcash devs are doing so they can pump their shitcoin to the world after yet another Bitmain/Antpool enforced hardfork (for the children's sake) ... or Vitalik deciding what smart contract fail TX to rollback (for the children's sake) on the next aethereum hardfork.
HairyMaclairy
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February 22, 2018, 09:37:50 AM

Whats the difference between "Any Outputs" and "Op_Return"? 
HairyMaclairy
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February 22, 2018, 09:44:26 AM

We don’t really want to go much lower right now.

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February 22, 2018, 09:54:18 AM

Back from a 7 day ban!! Wohoooooooooooo YES We're going to 9k like it or not. Than back to test defending resistance, I call a breakout next run
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February 22, 2018, 09:54:51 AM
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Whats the difference between "Any Outputs" and "Op_Return"? 
not a clue. something like metadata but not like metadata. aka 'sneaking shit onto the blockchain'
he has more clue: https://bitzuma.com/posts/op-return-and-the-future-of-bitcoin/
HairyMaclairy
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February 22, 2018, 09:55:40 AM

1470 coins to 10k then stop losses will liquidate down. 
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February 22, 2018, 09:56:01 AM

Don't ever ban me again thnx Smiley)
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February 22, 2018, 09:58:33 AM

There is strong support above $10k but we are also forming a head and shoulders so > $10k needs to hold and a break above the down trend line is crucial soon


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February 22, 2018, 10:02:24 AM

If don't have a short position right now, you don't know what your doing.
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February 22, 2018, 10:06:33 AM

... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also

it'll be cathartic if we dive that low ... like a whale diving to get rid of all the parasites ... btc has sure built up it's fair share of those during this last run ... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere
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