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

[mmitech]

FUUUU almost a hour and a half and no confirmation.


Why the price crashed just when I needed to transfer some coins

are you kidding ? did you include a fee with your transaction ? because lats hour we had at least 6 blocks

[Malin Keshar]

FUUUU almost a hour and a half and no confirmation.


Why the price crashed just when I needed to transfer some coins

are you kidding ? did you include a fee with your transaction ? because lats hour we had at least 6 blocks

I got the transference.

Seems blockchain.info is in problems, like someone said before.


(and of course I included the fee)

[uhoh]

blockchain.info has been broken ever since their database problems earlier in the year. Its a mess.

[spooderman]

......we heading up now?

[derpinheimer]

......we heading up now?

This is very overdue. So overdue, in fact, it may just cement the bottom as $380. Tons of people are/have been waiting to buy back since the low 500s. Bid sum just spiked over 1m in an hour.

[Newar]

And I don't even like TA.

[Erdogan]

... there was a network scale attack I pointed out to Gavin and the other devs after observing namecoin network getting "hung" for months by miners joining and leaving en-masse due to mining incentives and price fluctuations ...

if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.

The "fighting the windmills" attack?

[JorgeStolfi]

Nice try, pretty sure it's just variance. Miners shutting down would be visible on the difficulty chart first of all. But I'm sure you know this and are just panic bearing  

But, isn't the difficulty adjusted AFTER the block delay has changed?

[adamstgBit]

398 .  god damn when does it end

[ShroomsKit]

Remember those short term trend reversals we used to see after a crash. Like quick bursts of panic buying taking us back up 50 or 100 dollars because people were afraid of missing out in case we'd go up again.
They don't happen anymore. This is the first time the market doesn't react like that anymore.

This could've been the bottom. The point where normally people struggle over eachother to buy back in. Look what happened. We went up 10 dollars in a hour.
It amazes me everyone here keeps ignoring this. Like you refuse to admit things changed. The buying pressure is gone.
There aren't tons of people waiting to get in anymore with cheap coins ready for the next bubble. The cycle has to end somewhere. It won't go on forever.
This is the result of your constant dumping and trying to get those cheap coins. Your constant cheering when we go down in a time where Bitcoin was supposed to go up.
This year was make or break and you traders and dumpers fucked it up with your never ending greed. Well, enjoy your cheap coins. I hope your happy with them.

[adamstgBit]

Nice try, pretty sure it's just variance. Miners shutting down would be visible on the difficulty chart first of all. But I'm sure you know this and are just panic bearing  

But, isn't the difficulty adjusted AFTER the block delay has changed?

you can see both current hashrate and difficulty

 what happened? what variance? no block found for a few hours?

[ChartBuddy]

Testing: Not sure what's going on.


Explanation

[isov]

Bought one more coin today also. Hopefully there is some upside motion waiting in the future.

[Torque]

No. Bounce. At. All.

Repeat of 2011 confirmed.  See ya'll at the next ATH in 18 months.  

[dwdoc]

Interestingly when I tried to enter a purchase order at SecondMarket today I received this email:

Unfortunately it is unlikely that we will be able to sell you... BTC today… we have a fairly large Bitcoin Investment Trust order that we have to fill ahead of selling BTC to other counterparties.

Bullish?

[empowering]

Testing: Not sure what's going on.


Explanation

You are late bro

[adamstgBit]

Interestingly when I tried to enter a purchase order at SecondMarket today I received this email:

Unfortunately it is unlikely that we will be able to sell you... BTC today… we have a fairly large Bitcoin Investment Trust order that we have to fill ahead of selling BTC to other counterparties.

Bullish?

bullish.

[ImI]

Testing: Not sure what's going on.


Explanation

ok this is it.

its obv the end as all can see clear now.

[JorgeStolfi]

what happened? what variance? no block found for a few hours?

From the blockchain.info quotes, I understood that there was a ~40 minute gap without a block.

[adamstgBit]

what happened? what variance? no block found for a few hours?

From the blockchain.info quotes, I understood that there was a ~40 minute gap without a block.

it seems the last block was found 2 hours and 15 mins ago