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

[El duderino_]

Segwit and nonsegwit are all "on the blockchain."  I don't know how anyone who has been in bitcoin for a while would conclude that segwit is NOT on the blockchain?  I do believe that segwit has allowed the transactions per second to jump up dramatically and if you hit refresh on that page you will see the transactions per second jumping around between 10tsp and over 300tsp...   It seems that before segwit, there were proclamations that the bitcoin blockchain could only process a maximum of 7tps.

Yeah... about that....

Segwit or no segwit, BTC is utterly incapable of averaging 300 tps. By a couple orders of magnitude. Block weight will not allow it.

Layer 2 solutions will solve the transaction throughput problem. Bitcoin can not efficiently scale fully on-chain, period.

[halloweenn666]

Masterluc = Long

?
Go to moonn ??

[cAPSLOCK]

Segwit and nonsegwit are all "on the blockchain."  I don't know how anyone who has been in bitcoin for a while would conclude that segwit is NOT on the blockchain?  I do believe that segwit has allowed the transactions per second to jump up dramatically and if you hit refresh on that page you will see the transactions per second jumping around between 10tsp and over 300tsp...   It seems that before segwit, there were proclamations that the bitcoin blockchain could only process a maximum of 7tps.

Yeah... about that....

Segwit or no segwit, BTC is utterly incapable of averaging 300 tps. By a couple orders of magnitude. Block weight will not allow it.

People testing the lightning network are seeing 400TPS easily between two nodes. 

Segwit let that happen.

[El duderino_]

it will always be the same story, just like here .... you have an original chewbacca MOVIE quality mask and you have a COPY
imo the COPY mask is useless    "just like BTC to be TOP DECENTRALIZED quality and BCH to be the useless one "

[El duderino_]

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if possible take advantage of cheap coins 

[infofront]

Masterluc = Long

?
Go to moonn ??

I'd expect it to at least bounce around in the triangle a little more, but bull season should be upon us soon.

[dutchlincoln]

I'd expect it to at least bounce around in the triangle a little more, but bull season should be upon us soon.

I hear this for over 8 months now, so its a bit hard to believe...

It would be better if we save the air wasted to it, because if even 10% of what i read on this forum is true, we need it when we are in the stratosphere...

[gentlemand]

Masterluc = Long

?
Go to moonn ??

Maybe we've done the beary bit. What usually follows is endless sideways until we've all gotten second hobbies as cheerleaders. Only then will it go bully.

[El duderino_]

Masterluc = Long

?
Go to moonn ??

Maybe we've done the beary bit. What usually follows is endless sideways until we've all gotten second hobbies as cheerleaders. Only then will it go bully.

Maybe yes .... only i Will choose my second hobbie a bit beter than cheerleading 

[goldkingcoiner]

I don't like this. People are too optimistic. Whales can smell optimism.

[JayJuanGee]

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Seems like I have been saying this for a quite a long while - but probably Jimmy said it better... hahahahahhaa   

[bitmover]

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Seems like I have been saying this for a quite a long while - but probably Jimmy said it better... hahahahahhaa   

This is so true

All cryptocurrencies have a strong correlation between them. If BTC falls, all of them fall. The volatility is a bit different between them, but the up and down movements are almost all the same.

For now, I have only made money with bitcoin, and had 3 lucks in ICO. Of my lucky ICO, i sold just one of them, the others reach 1000% and now they are in 90% loss...

Even with Ethereum I am losing money now with this DIP...

From now on, only bitcoin for me. I am looking for an exit point for my shitcoins

[JayJuanGee]

^
Getting curious where we go..... 

@LFC ... laid back / HODL / and FIFA 19 by now .... ??

I don’t play on consoles bro. I used to a lot but kind of fell out of love with it. But of course HODL man, I’m in bed at the moment, got flu & feeling quite shit.

Hopefully Liverpool beat Chelsea tomorrow & a nice pump above $7,000 to make a nice weekend.

Hope you’re doing good HODL brother

Doing very good.... small game/chill night BUT Looking forward tomorrow for the game.... mixed feeling , one of my favorite teams against my NR 1 favorite player    

Stick your Hazard up your ass

UNmeritable 

Are you guys in a live break up?


Breaking up is hard to do:

[Bitcoinaire]

Masterluc = Long

?
Go to moonn ??

Maybe we've done the beary bit. What usually follows is endless sideways until we've all gotten second hobbies as cheerleaders. Only then will it go bully.

It looks like we've transitioned(ing)from the bear to endless sideways action. Get the pom poms ready.

[jojo69]

I'd expect it to at least bounce around in the triangle a little more, but bull season should be upon us soon.

I hear this for over 8 months now, so its a bit hard to believe...

It would be better if we save the air wasted to it, because if even 10% of what i read on this forum is true, we need it when we are in the stratosphere...

and where, exactly, do you think we are??

[JayJuanGee]

Segwit and nonsegwit are all "on the blockchain."  I don't know how anyone who has been in bitcoin for a while would conclude that segwit is NOT on the blockchain?  I do believe that segwit has allowed the transactions per second to jump up dramatically and if you hit refresh on that page you will see the transactions per second jumping around between 10tsp and over 300tsp...   It seems that before segwit, there were proclamations that the bitcoin blockchain could only process a maximum of 7tps.

Yeah... about that....

Segwit or no segwit, BTC is utterly incapable of averaging 300 tps. By a couple orders of magnitude. Block weight will not allow it.

o.k.  I will consider such numbers coming out of that website (https://www.blockchain.com/btc/unconfirmed-transactions) as being a kind of short term inaccuracy.  I suppose that there is a kind of measurement that counts the transactions coming in, but those are merely pending transactions, so when the blocks are confirmed then that confirmation would cause a more reliable rate that they are actually confirmed rather than the rate that they are submitted for confirmation (and pending), and so if blocks are not keeping up, then the mempool grows, and perhaps that should be averaged out over a longer period of time, rather than what is shown on that site and there are probably better sites to verify the quantity of transactions that are actually being confirmed.

[JayJuanGee]

I'd expect it to at least bounce around in the triangle a little more, but bull season should be upon us soon.

I hear this for over 8 months now, so its a bit hard to believe...

It would be better if we save the air wasted to it, because if even 10% of what i read on this forum is true, we need it when we are in the stratosphere...

That's why you need to formulate your own opinions based on the totality of the evidence rather than giving too much weight to short term sentiments of forum members over a period of time, that you are likely selectively misrepresenting anyhow in order to make your own whinny and lack of personal responsibility and difficult to decipher baloney points.   

[HairyMaclairy]

Downward trendline seems to be losing its relevance.  $6850 now the number to beat in short term.  More pain if we break under $6500.

[jojo69]

from whence are you deriving that horizontal line Hairy?

18 June??

[HairyMaclairy]