How will the stress test effect the price? - page 2.

Itun

full member

Activity: 238

Merit: 100

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.

Lol that's one way to think of it.

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

--Encrypted--

copper member

Activity: 924

Merit: 1007

hee-ho.

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.

Itun

full member

Activity: 238

Merit: 100

There actually aren't that many unconfirmed transactions right now.

Prices would only start showing effects of this if there ever is a 30 day backlog which I highly doubt will be.

amiryaqot

legendary

Activity: 1050

Merit: 1000

The stress test won't impact at price because majority of the people don't aware about this on going stress test, price will be stay remain stable at current price range.

trafficolaa

legendary

Activity: 1008

Merit: 1000

I also think stress test would not impact on the bitcoin price because it is stable at this level and in my opinion that stress test don't have any meaning for person who love bitcoin.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

The stress test won't impact on the price either positively or negatively. If the price makes a significant move either way I'm pretty sure it'll be nothing to do with the stress test.

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Well, unless the stress test doesn't start being stressful soon, it will prove two things: The demand for a QUICK OR ITS DOOMSDAY type of blocksize increase schelude is insane, and two, it does nothing to the price, in fact its going up since a while ago again.

Herbert2020

legendary

Activity: 1946

Merit: 1137

it is better to remove any link to that thread in order to prevent any more views for that shameful thread.

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

https://blockchain.info/unconfirmed-transactions

/yawn

blockchain.info is returning this error again like last time Angry

:
"Maximum concurrent requests for this endpoint reached. Please try again shortly.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: lorylore on September 10, 2015, 07:33:38 AM

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

https://blockchain.info/unconfirmed-transactions

/yawn

It's not a huge number of unconfirmed transaction.
I think that the price of bitcoin at the stress test period will maybe decrease.
Why? Because people will not buy, because it can never reach their destination address if the fees are normal.

It's a normal level of unconfirmed transactions. There is nothing going on that matters. If the price moves it won't be over this.

lorylore

legendary

Activity: 1470

Merit: 1002

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

https://blockchain.info/unconfirmed-transactions

/yawn

It's not a huge number of unconfirmed transaction.
I think that the price of bitcoin at the stress test period will maybe decrease.
Why? Because people will not buy, because it can never reach their destination address if the fees are normal.

Wardrick

legendary

Activity: 1022

Merit: 1000

Quote from: XCASH on September 10, 2015, 07:06:15 AM

They had to ban giveaways here because the amount of addresses getting posted here for free coins was stress testing this forum.

No it was because the giveaway threads kept getting bumped to the top of their section. They were basically paying people to bump their threads.

XCASH

legendary

Activity: 929

Merit: 1000

They had to ban giveaways here because the amount of addresses getting posted here for free coins was stress testing this forum. I hope the same number of people don't try to claim those free coins and do the stress testers jobs for them. All the coins in the giveaway are composed of dust transactions from the last stress test, and transferring them will take up excessive amounts of block space.

Ibian

legendary

Activity: 2268

Merit: 1278

https://blockchain.info/unconfirmed-transactions

/yawn

zby

legendary

Activity: 1594

Merit: 1001

Apparently the coinwallet stress test have been going on since yesterday: https://bitcointalksearch.org/topic/coinwalleteu-stress-test-cancelled-bitcoin-giveaway-1175321 They give out private keys for accounts with huge numbers of inputs counting that someone reading it will generate the huge transactions. Have any of these huge transactions been generated? How is the network coping with them?

This could push the price down in a big way - but it looks quiet so far - so maybe the effect will be the opposite - as the network proves robust.

Personally I think that the network will survive and the average fees will increase. The gigantic transactions will possibly stay in the backlog for some time, because miners will not have much incentives to put them into the blockchain (and lose fees from other transactions) - but everything else will not be delayed much because miners will not have any problem with other transactions. So yeah - there might be an initial flashcrash because of the uncertainty and doubt - but it should bounce hard once that clears.

Topic: How will the stress test effect the price? - page 2. (Read 1879 times)