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

[magicmexican]

Quad bottom confirmed. Here we go, the bike to 600$ is leaving soon



... Right?

Seriosly though, cmon bitcoin, i know you can do better

[prophetx]

3 years ago I would have laughed if you told me bitcoin would be $300 in 2014. what are you all complaining about  

just under 5 years ago I read an article about something called "bitcoin" and I made a mental note in my brain that it would reach $1000 before or in 2015.

so yea.... depends on one's perspective and expectations...

I also assumed that improvements would be made to the protocol like cutting the time between blocks and other obvious scaling improvements.

I thought that if it hit $1000 by or in 2015 that it could easily go to $10000+ by 2025.

However, again I was under the assumption that the protocol would improve in its scaling factors.

Given the poor performance of the bitcoin dev's and miners to improve these scaling factors, and the fact that a lot of people waste energy on hacks to work around these scaling issues, I am less confident of it reaching $10k.  

However I could see the coin going so low in value that the dev and mining community would risk a hard fork in order to improve those scaling factors as a last ditch effort to shore up this generation 1 tech.

 

[BlindMayorBitcorn]

Quad bottom confirmed. Here we go, the bike to 600$ is leaving soon



... Right?

Seriosly though, cmon bitcoin, i know you can do better

Hero members get the deluxe package:

[shanecoins]

3 years ago I would have laughed if you told me bitcoin would be $300 in 2014. what are you all complaining about  

just under 5 years ago I read an article about something called "bitcoin" and I made a mental note in my brain that it would reach $1000 before or in 2015.
so yea.... depends on one's perspective and expectations...

I also assumed that improvements would be made to the protocol like cutting the time between blocks and other obvious scaling improvements.

I thought that if it hit $1000 by or in 2015 that it could easily go to $10000+ by 2025.

However, again I was under the assumption that the protocol would improve in its scaling factors.

Given the poor performance of the bitcoin dev's and miners to improve these scaling factors, and the fact that a lot of people waste energy on hacks to work around these scaling issues, I am less confident of it reaching $10k.  

However I could see the coin going so low in value that the dev and mining community would risk a hard fork in order to improve those scaling factors as a last ditch effort to shore up this generation 1 tech.
 

thats  why we have numerous alt coins

[ChartBuddy]

Explanation

[klondike_bar]

3 years ago I would have laughed if you told me bitcoin would be $300 in 2014. what are you all complaining about  

just under 5 years ago I read an article about something called "bitcoin" and I made a mental note in my brain that it would reach $1000 before or in 2015.
so yea.... depends on one's perspective and expectations...

I also assumed that improvements would be made to the protocol like cutting the time between blocks and other obvious scaling improvements.

I thought that if it hit $1000 by or in 2015 that it could easily go to $10000+ by 2025.

However, again I was under the assumption that the protocol would improve in its scaling factors.

Given the poor performance of the bitcoin dev's and miners to improve these scaling factors, and the fact that a lot of people waste energy on hacks to work around these scaling issues, I am less confident of it reaching $10k.  

However I could see the coin going so low in value that the dev and mining community would risk a hard fork in order to improve those scaling factors as a last ditch effort to shore up this generation 1 tech.
 

thats  why we have numerous alt coins

assuming that PoW is the decided mining method, you would need it to be an SHA-256 algorithm, to allow the Hundreds of Millions of dollars in existing equipment to be relevant. Interestingly, the brief paycoin rush demonstrated that with minimal co-ordination more than 20% of the bitcoin network moved over to an altcoin in the span of a week.

1minute blocks are the future, but come with a lot more blocks to store on drives, and i hope we see it become an issue by late 2015. right now the system works - improvement is second to security

[ChartBuddy]

Explanation

[shmadz]

3 years ago I would have laughed if you told me bitcoin would be $300 in 2014. what are you all complaining about  

just under 5 years ago I read an article about something called "bitcoin" and I made a mental note in my brain that it would reach $1000 before or in 2015.
so yea.... depends on one's perspective and expectations...

I also assumed that improvements would be made to the protocol like cutting the time between blocks and other obvious scaling improvements.

I thought that if it hit $1000 by or in 2015 that it could easily go to $10000+ by 2025.

However, again I was under the assumption that the protocol would improve in its scaling factors.

Given the poor performance of the bitcoin dev's and miners to improve these scaling factors, and the fact that a lot of people waste energy on hacks to work around these scaling issues, I am less confident of it reaching $10k.  

However I could see the coin going so low in value that the dev and mining community would risk a hard fork in order to improve those scaling factors as a last ditch effort to shore up this generation 1 tech.
 

thats  why we have numerous alt coins

assuming that PoW is the decided mining method, you would need it to be an SHA-256 algorithm, to allow the Hundreds of Millions of dollars in existing equipment to be relevant. Interestingly, the brief paycoin rush demonstrated that with minimal co-ordination more than 20% of the bitcoin network moved over to an altcoin in the span of a week.

1minute blocks are the future, but come with a lot more blocks to store on drives, and i hope we see it become an issue by late 2015. right now the system works - improvement is second to security

Did you hear the interview with vitalik where he mentioned a two tier coin?

Like a symbiotic secure coin and volatility coin pair, where the volatility coin would provide the needed liquidity to keep the price of the stable coin stable?

Also some stuff about hybrid pos/pow systems, and how the miners really have no power in the system at all. If the wallet holders, the people that run the full nodes and the core wallet software decide to fork, the miners are kinda out of luck... can't even mount an attack at that point if you were to change to something other than sha-256...

Was very interesting to me, and thought it might be interesting to you, as a fellow miner. Hang on one sec I'm get the link

Edit* https://epicenterbitcoin.com/podcast/058/

@17:30 - forcing every miner to run a full node, eliminating the efficiency and centralization of pools, (not sure if this would actually work to fix centralization, but interesting nonetheless)

@33:15 decentralized proof of stake pools, kinda interesting, still doesn't fix the problem of large stake holders controlling a fixed amount of the issuance, but still intriguing.

[ChartBuddy]

Explanation

[Marbit]

Wow, didn't think this forum could have possibly devolved anymore than it had, but I'm impressed. Congrats, guys.

[findftp]

Thank me now, or cry later.

went margin short.
right on track, fuck it.
My fiat is moving to catch some 2** coins

edit: so I'm fucked, I don't have a verified account to deposit shitty fiat at finex. 

[shmadz]

Thank me now, or cry later.

went margin short.
right on track, fuck it.
My fiat is moving to catch some 2** coins

Good luck.

I have absolutely no indication or premonition on how this is gonna go. If you have data that you feel comfortable acting on at this point, kudos and best wishes, but right now I'm feeling this is pretty much a coin flip.


Long term as well i am uncertain.

If it survives until at least 6 months after next reward having I expect at least 10k but I could not place a good probability on the chance that bitcoin will still exist at that point. So still an all or nothing bet to me at this point.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[AceWallen]

Good luck.

I have absolutely no indication or premonition on how this is gonna go. If you have data that you feel comfortable acting on at this point, kudos and best wishes, but right now I'm feeling this is pretty much a coin flip.


Long term as well i am uncertain.

If it survives until at least 6 months after next reward having I expect at least 10k but I could not place a good probability on the chance that bitcoin will still exist at that point. So still an all or nothing bet to me at this point.

long term / weekly downtrend is intact. no point fighting it. breaking 300, 275 and beyond is almost a foregone conclusion at this point, in my mind. there may be better short entry than $320 to be had though.

[ChartBuddy]

Explanation

[inca]

Good luck.

I have absolutely no indication or premonition on how this is gonna go. If you have data that you feel comfortable acting on at this point, kudos and best wishes, but right now I'm feeling this is pretty much a coin flip.


Long term as well i am uncertain.

If it survives until at least 6 months after next reward having I expect at least 10k but I could not place a good probability on the chance that bitcoin will still exist at that point. So still an all or nothing bet to me at this point.

long term / weekly downtrend is intact. no point fighting it. breaking 300, 275 and beyond is almost a foregone conclusion at this point, in my mind. there may be better short entry than $320 to be had though.

Bitcoin to zero because a line points down.

What makes you think 300 or 275 won't hold other than the above sentence?

[ChartBuddy]

Explanation

[noobtrader]

wow... someone is buying at finex...