How will the stress test effect the price?

--Encrypted--

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hee-ho.

Quote from: victoryboy on September 17, 2015, 10:39:44 AM

Quote from: --Encrypted-- on September 17, 2015, 10:28:22 AM

btw the stress test didn't go as expected.
they canceled their original plan to create the 1 month backlog and did something else that have too little effect to be called a stress test.

This means we should be ready for another stress test soon as last one didn't go as they planed ? By the way stress test will not effect the price of bitcoin.

well if there's another then the ones who will be doing it might not be coinwallet. the reason they canceled their original plane was because some legal pressure.

about the price... I guess we'll never know for sure.

victoryboy

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Quote from: --Encrypted-- on September 17, 2015, 10:28:22 AM

btw the stress test didn't go as expected.
they canceled their original plan to create the 1 month backlog and did something else that have too little effect to be called a stress test.

This means we should be ready for another stress test soon as last one didn't go as they planed ? By the way stress test will not effect the price of bitcoin.

--Encrypted--

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hee-ho.

btw the stress test didn't go as expected.
they canceled their original plan to create the 1 month backlog and did something else that have too little effect to be called a stress test.

zby

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Quote from: frenulum on September 11, 2015, 11:02:57 PM

The network has done better than some suspected. Maybe the price will go up soon.

I agree - now it should bounce back on the relief.

Ibian

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The relevant question is how much are regular transactions delayed. I'm not getting any slowdowns so far.

frenulum

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The network has done better than some suspected. Maybe the price will go up soon.

PolarPoint

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The stress attack is confirming that the bitcoin network is robust. There will be delays when network is under stress. It will not breakdown. So if this attack is going to affect user confidence and the price, I would say the direction should be upward.

natewelt

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https://blockchain.info/charts/n-transactions

transactions are jumping too which obviously makes sense

ssmc2

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"stress test" is a fuckin' joke

biggus dickus

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Quote from: natewelt on September 11, 2015, 07:26:06 PM

How many unconfirmed transactions are there during normal times? Looks like over 30k now...

I'm not sure but I know it's well below 10k. I think it's usually about 2 or 3k. People weren't happy when it went over 10k during the last stress test. This stress test/giveaway is building up more unconfirmed transactions than any of the previous ones, and coinwallet.eu don't even have to pay for servers to do it with this time. Their strategy of claiming their stress test is a giveaway is working well.

Itun

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I don't know if the "stress test" ended yet

but prices don't seem to be really affected at all

natewelt

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How many unconfirmed transactions are there during normal times? Looks like over 30k now...

Q7

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Usually uncertainty will lead to price drop. So does revealing weaknesses in the system and how easily it gets manipulated. However i may be wrong as seen in the last stress test. Price was up most of the time

Hugroll

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the stress test won't have any impact on the price. bitcoin is handling the transactions extremely well.

LMGTFY

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Quote from: MF Doom on September 11, 2015, 07:07:40 AM

theres always those who are seemingly always ready to dump at the first sign of a problem or bad news though. I think at some point during the "stress test" (its going on all month I think?) there will be a hiccup and there will be some dumping. THAT may be a good time to pick up some "cheap coins"

The scheduled stress test was supposed to. The new "not-at-all-a-stress-test-it's-a-benevolent-give-away", however... well, I guess that'll go on until all dust has been swept or we've all lost interest!

MF Doom

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Quote from: Amph on September 11, 2015, 02:17:00 AM

Quote from: --Encrypted-- on September 10, 2015, 04:12:02 PM

I think the stress test will have a positive impact on the price. I just don't know how big it will be.
the reason is a simple one. some people will get their btc transaction to exchanges delayed because they are unaware of the stress test. that means less dumps.

another one is that some users will not sell any bitcoin, because they will not send any, anywhere, this mean less dumping

but it would be, principally an isolated thing, the majority will trade regularly

theres always those who are seemingly always ready to dump at the first sign of a problem or bad news though. I think at some point during the "stress test" (its going on all month I think?) there will be a hiccup and there will be some dumping. THAT may be a good time to pick up some "cheap coins"

randy8777

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Quote from: Amph on September 11, 2015, 02:17:00 AM

Quote from: --Encrypted-- on September 10, 2015, 04:12:02 PM

I think the stress test will have a positive impact on the price. I just don't know how big it will be.
the reason is a simple one. some people will get their btc transaction to exchanges delayed because they are unaware of the stress test. that means less dumps.

another one is that some users will not sell any bitcoin, because they will not send any, anywhere, this mean less dumping

but it would be, principally an isolated thing, the majority will trade regularly

the users who don't plan to move their coins due to the test will surely do so eventually. so the dumping stage will be moved away from us for a short while. but it's just temporarily.

Amph

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Quote from: --Encrypted-- on September 10, 2015, 04:12:02 PM

I think the stress test will have a positive impact on the price. I just don't know how big it will be.
the reason is a simple one. some people will get their btc transaction to exchanges delayed because they are unaware of the stress test. that means less dumps.

another one is that some users will not sell any bitcoin, because they will not send any, anywhere, this mean less dumping

but it would be, principally an isolated thing, the majority will trade regularly

zby

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Quote from: Ibian on September 10, 2015, 06:11:33 AM

https://blockchain.info/unconfirmed-transactions

/yawn

Now it is 21078 with total size of 55418 (KB) - so it looks like it grows and if that goes on for some time this can become a problem.

It was kind of obvious that the backlog will build up and that this will start not at once - but after people figure out how to use the published keys and generate those huge transactions. The only question is how miners will react - if they quickly adjust and just ignore these transactions then this should settle down nicely. And if people start paying any fees - it it would be in the interest of the miners to ignore the huge transactions - because they lose fees from other transactions if they include them. Theoretically it is all very well balanced - but it depends on the miners now and some people can still panic seeing the backlog.

--Encrypted--

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hee-ho.

Quote from: Itun on September 10, 2015, 04:16:36 PM

Lol that's one way to think of it.

But are the vast majority of bitcoin users that news-ignorant?

I don't know. that's why I said this

Quote

I just don't know how big it will be.

added that part just before I posted. someone have to put their faith in humanity. Grin

Topic: How will the stress test effect the price? (Read 1879 times)