Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13609.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: afbitcoins on June 22, 2018, 09:15:14 AM

Quote from: Dabs on June 22, 2018, 07:22:47 AM

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Or use Dash Instant Send in which case you don't have to wait around for confirmations or limit yourself to trusting only small cup of coffee sized amounts.

Infofront. This conversation keeps coming up, you should let my comment stand. Or are you trying to keep it a secret that Dash has already solved this problem?

Or ya know, all you guys could stop with this line of pointless conjecture and quit pretending that Lightning Network doesn't exist for Bitcoin?

Also, the coffee analogy really sucks. Nobody is buying coffees with their bitcoin. In fact, people are hardly spending their bitcoin at all. Merchant spending usage probably accounts for less than 0.001% of all daily trade volume if that even. If I missed that guestimate by another decimal or two I wouldn't even be shocked.

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

Quote from: TERA2 on June 22, 2018, 05:28:10 AM

The scariest part of this drop is that there isn't even any major FUD driving it. It's not like last time where there was the China ban and Gox and major exchange issues happening left and right. The drop is just happening naturally on it's own. What is going to happen when the real FUD begins?

Parelleling this phenomena is the continiously unanimous bullishness in the forum. Charts always with some upwards plot and bulls popping champagne and posting rockets every time there is a 5% rise, and circle jerking eachother 'oh yes that's a great analysis, just how I see it. excellent work. and things will be even more bullish after XYZ conference. we could take this further and add an extra digit or two.' (as the bottom is being challenged on low volume)

What is your goal by posting such doom and gloom FUD posts? Will you be satisfied if some noob believes you and sells, so that you can buy at your wet-dream-low-price? If so, you will sell 10-20% higher, because you are a trader and your brain is damaged. Those who hodl believe in the technology not in news that generate pump and dumps. This is for shitcoiners to wreck their nerves. If a hodler waits years he will get 100x, 1000x and even 300 000x (like from 0.06$ to 20 000$), while trolls get crumbs from the table. Even those who bought at 20K, after 5-6-7 years can have more than they imagine now.

gembitz

hero member

Activity: 1848

Merit: 640

*Brute force will solve any Bitcoin problem*

Quote from: European Central Bank on June 22, 2018, 08:53:50 AM

Quote from: bitChipper on June 22, 2018, 08:49:08 AM

Sooo what gives for this recent dump? just another completion of a bart simpson or is this news about Indian banks coming to fruition really crashing the market?

why should anyone care what indian banks do? there is no indian market.

japanese or american banks would be a whole different matter.

Bitcoin makes YOU your own bank and treasury =) ::thus KYC is knowing thyself~~~

gembitz

hero member

Activity: 1848

Merit: 640

*Brute force will solve any Bitcoin problem*

Quote from: Ibian on June 22, 2018, 08:54:42 AM

Quote from: YourMother on June 22, 2018, 08:44:28 AM

Looks like someone is trying hard to shift the market sentiment. The MtGox news is bullish as FUCK! Instead of 1 entity dumping 160k bitcoins, you will now have thousands of holders of which only a small percentage will sell while the rest will most likely continue to hold.

Don't fall for these red candles which are created with borrowed money on margin

Debt is an evil system that should be banned.

Bitcoin OWES me ... Grin

~LOL!!

afbitcoins

legendary

Activity: 2101

Merit: 1061

Quote from: Dabs on June 22, 2018, 07:22:47 AM

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Or use Dash Instant Send in which case you don't have to wait around for confirmations or limit yourself to trusting only small cup of coffee sized amounts.

Infofront. This conversation keeps coming up, you should let my comment stand. Or are you trying to keep it a secret that Dash has already solved this problem?

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: JayJuanGee on June 22, 2018, 01:06:35 AM

Quote from: jbreher on June 21, 2018, 10:03:28 PM

Quote from: infofront on June 21, 2018, 08:19:06 PM

Due to the increased centralization of big blocks,

The assertion that big blocks increases centralization is an unsupported bald one. Can you even define 'centralization'? If so, where are the figures showing this supposed centralization?

One sign of a troll is someone who wants to vehemently argue obvious points and to put the burden on others to support such obvious points.

In other words, you gots nothin'. Got it.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: TERA2 on June 22, 2018, 05:28:10 AM

The scariest part of this drop is that there isn't even any major FUD driving it. It's not like last time where there was the China ban and Gox and major exchange issues happening left and right. The drop is just happening naturally on it's own. What is going to happen when the real FUD begins?

Parelleling this phenomena is the continiously unanimous bullishness in the forum. Charts always with some upwards plot and bulls popping champagne and posting rockets every time there is a 5% rise, and circle jerking eachother 'oh yes that's a great analysis, just how I see it. excellent work. and things will be even more bullish after XYZ conference. we could take this further and add an extra digit or two.' (as the bottom is being challenged on low volume)

Aside from your taunting, I find your analysis to be quite good, and I tend to agree with it. I do NOT take pleasure by rubbing salt into the wounds of the bulls. Perhaps this is because I am a holder. Trading does not suit me. So I get to feel the pain of your salt when you spread it around. Does it bring you much pleasure?

With that complaint out of the way, my reason for posting.

Do you think it is possible that this low volume trading we are seeing is indicative of an age of OTC trading. I have been starting to wonder what strange effects we could be seeing if that is the case.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: YourMother on June 22, 2018, 08:44:28 AM

Looks like someone is trying hard to shift the market sentiment. The MtGox news is bullish as FUCK! Instead of 1 entity dumping 160k bitcoins, you will now have thousands of holders of which only a small percentage will sell while the rest will most likely continue to hold.

Don't fall for these red candles which are created with borrowed money on margin

Debt is an evil system that should be banned.

FractalUniverse

hero member

Activity: 1035

Merit: 558

Quote from: bitChipper on June 22, 2018, 08:49:08 AM

Sooo what gives for this recent dump? just another completion of a bart simpson or is this news about Indian banks coming to fruition really crashing the market?

nope.
its just whales playing games of margins.
news are mostly irrelevant, it serves only as pretext for action.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: bitChipper on June 22, 2018, 08:49:08 AM

Sooo what gives for this recent dump? just another completion of a bart simpson or is this news about Indian banks coming to fruition really crashing the market?

why should anyone care what indian banks do? there is no indian market.

japanese or american banks would be a whole different matter.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: ?? on ??

I think satoshis.place needs a prominent green dildo giving a shout out to this thread.

Hmm.

Thinking.

Too early ?

EDIT: Ever notice at tubgirl.fr, there's a literal fountain of shit, but they've blurred out the vag ? Strange folk, those Japanese.

A little bit too early... yes. Sad

YourMother

legendary

Activity: 1281

Merit: 1046

Quote from: bitChipper on June 22, 2018, 08:49:08 AM

Sooo what gives for this recent dump? just another completion of a bart simpson or is this news about Indian banks coming to fruition really crashing the market?

It's probably in the interest of the shorters who brought us to this price in the first place to shift the bullish market sentiment (MtGox not selling 160k bitcoins anymore) again to the bear trend. It dropped by hundreds of usd since the MtGox news.

This is so fucking obvious, lol. These motherfuckers probably thought that they will short the market to abyss and then give it the final blow with Kobayashi selling all the bitcoins in September. Looks like they got destroyed. Stop looking for explanations and conspiracies, just buy the fuck out of Bitcoin

bitChipper

sr. member

Activity: 896

Merit: 290

Sooo what gives for this recent dump? just another completion of a bart simpson or is this news about Indian banks coming to fruition really crashing the market?

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

soon it'll be worth what y'all paid for it at Mt.Gox Cry

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: Karartma1 on June 20, 2018, 12:32:56 PM

Bart is at it again

https://tether.to/fss-report-transparency-update/
Roll Eyes

ok...........let's move on

EDIT: Bart sometimes moves up, sometimes moves down. Now it's up

Oh my Bart, still playing with us.
Grow up Cheesy

YourMother

legendary

Activity: 1281

Merit: 1046

Looks like someone is trying hard to shift the market sentiment. The MtGox news is bullish as FUCK! Instead of 1 entity dumping 160k bitcoins, you will now have thousands of holders of which only a small percentage will sell while the rest will most likely continue to hold.

Don't fall for these red candles which are created with borrowed money on margin

Phil_S

legendary

Activity: 2145

Merit: 1660

We choose to go to the moon

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: Searing on June 22, 2018, 08:06:16 AM

It will be in fiat...sorry guys.....they don't have a clue on how to return it as BTC to the people who need it back from the mt. gox crash

uh, bullshit.

https://www.mtgox.com/img/pdf/20180622_announcement_en.pdf

'In bankruptcy proceedings, non-monetary claims are converted into monetary
claims based on the valuation as at the time of the commencement of
bankruptcy proceedings. In contrast, in civil rehabilitation proceedings,
non-monetary claims are not converted into monetary claims at the time of
commencement of the civil rehabilitation proceedings. Therefore, in the civil
rehabilitation proceedings in this matter, claims seeking a refund of Bitcoins
(“Bitcoin Claims”) will also not be converted into monetary claims after the
commencement of the civil rehabilitation proceedings. '

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: European Central Bank on June 22, 2018, 07:51:38 AM

Quote from: Globb0 on June 22, 2018, 07:50:27 AM

Creditors normally means businesses owed something. Users come much further down and get nothing. Heres to hoping.

all of those debts have long been met completely. this is the leftovers. it otherwise would've gone straight back to mark karpeles.

It will be in fiat...sorry guys.....they don't have a clue on how to return it as BTC to the people who need it back from the mt. gox crash

if they shoot 1.4 billion in USD equiv of BTC in fiat...before the end of the year say..we may be looking at 3k BTC or lower

as to me, I think now everything is a 'bubble' so will just HODL my btc and live off my alts (as the plan off alts for next 3 years till 66 and take traditional retirement plan and soc sec)

does not seem prudent to cash out crypto (BTC) now and lose 50% from ATH to just put it in fiat and stocks and traditional investments for the coming (whopper) of a

recession I expect (40%) dump, (I mean Trump and other USA mess ups)....thus just gonna ride it all down the next 3 years and hope that IF/when we have a recession in

the USA, BTC, and crypto will act like gold and at least go sideways and or up as a store of value

well, chump to champ, I'll (we) will be the first to know if HODL is tulip farming or HODL is unicorn ranching

later

brad

mOgliE

legendary

Activity: 1344

Merit: 1251

Quote from: Dabs on June 22, 2018, 07:22:47 AM

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Not quite.
Imagine you're i na store buying for 150€ of clothes. Wouldn't it upset you to wait like 15 or 20 minutes for a block? xD
You see yourself waiting near the exit that the block passes?
And if it take 4 blocks nearly an hour spent waiting?

That's completely crazy ^^

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13609. (Read 26715874 times)