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

[gizmoh]

Meanwhile Epic Battle or Fake volume on Huobi 

[ChartBuddy]

Explanation

[sidhujag]

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.

Larimer has a better option in delegated proof of stake used in bitshares.. Vitalik is learning and commenting on it via bitsharestalk... I think he thinks it might be a better choice... But he needs to fully understand it first.

[tarmi]

Meanwhile Epic Battle or Fake volume on Huobi  

I hear you.

yesterday I was wathing closely that small bull run that started in china. when the 500 coin wall at stamp was eaten the run in china was over.

I think china exchanges are completely rigged and worthless.

[ChartBuddy]

Explanation

[noobtrader]

i wonder if i should buy again now, price seem low or should i place order at 310

[bizz]

Meanwhile Epic Battle or Fake volume on Huobi  

I hear you.

yesterday I was wathing closely that small bull run that started in china. when the 500 coin wall at stamp was eaten the run in china was over.

I think china exchanges are completely rigged and worthless.

Welcome to the world of bots & HFT. Humans will be deprecated.

Seriously. Bots and even fake volumes are not a problem. There is no demand and price will slide and crash anyway.

[ChartBuddy]

Explanation

[ejinte]

Lowest buy order on Thai exchange bx.in.th is at $328
Lowest buy order in Swedish exchange fybse.se is at $340

[ChartBuddy]

Explanation

[jertsy]

Lowest buy order on Thai exchange bx.in.th is at $328
Lowest buy order in Swedish exchange fybse.se is at $340

There are 35 bitcoin markets listed in coinmarketcap, the lowest volume ones have zero volume today. Why are neither of the exchanges you quoted listed there? Are they such obscure markets that nobody trades on them?

http://coinmarketcap.com/currencies/bitcoin/#markets

[ejinte]

Lowest buy order on Thai exchange bx.in.th is at $328
Lowest buy order in Swedish exchange fybse.se is at $340

There are 35 bitcoin markets listed in coinmarketcap, the lowest volume ones have zero volume today. Why are neither of the exchanges you quoted listed there? Are they such obscure markets that nobody trades on them?

http://coinmarketcap.com/currencies/bitcoin/#markets

People is indeed trading on them, me myself for example. I don't know their volume though.

Here is the order books:
https://www.fybse.se/orderbook
Right now 10-15BTC in buyorder above $314USD

https://bx.in.th/
Around 50BTC have been traded in the last 24hours it looks like

[ChartBuddy]

Explanation

[LFC_Bitcoin]

What is wrong with you people?

Now is the time to buy.

[madmat]

What is wrong with you people?

Now is the time to buy.

Too expensive at the moment. I think i could buy at 290$ in the next 10 days.

[esse83]

What is wrong with you people?

Now is the time to buy.

you sound desperate. Don't worry, eventually the exchange operators (the central bankers of bitcoin) will pump the price. Real demand though has utterly vanished.

[Davyd05]

http://www.bbc.co.uk/news/world-europe-30623421

cause it will be misconstrued, I don't think the article is moon fuel, but sure pumpers might use it to spark something

[cbeast]

What is wrong with you people?

Now is the time to buy.

you sound desperate. Don't worry, eventually the exchange operators (the central bankers of bitcoin) will pump the price. Real demand though has utterly vanished never existed.

FTFY

[esse83]

What is wrong with you people?

Now is the time to buy.

you sound desperate. Don't worry, eventually the exchange operators (the central bankers of bitcoin) will pump the price. Real demand though has utterly vanished never existed.

FTFY

Not true, there was real demand and need for BTC when silkroad was around

[Fatman3001]

What is wrong with you people?

Now is the time to buy.

Now is the time to pretend you care about your family. It's the time to shut up about Bitcoin or your wife will kill you (at least to her). Volume will come when people jump on that "get rich quick" scheme they heard about during the holidays. TO DA SECOND LAGRANGE POINT!!!