Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14913. (Read 26717091 times)

looking like a sideways breakout is in progress until early feb ...

Demand for Cryptokitties is strong bro  

Just wait till they want to use it for real transactions 

Ethereum keeps creeping up and taking over market share. Will ethereun slowly take over bitcoin? Kinda seems like its possible

I heard Canaan is a decent company.

If you don't want Canaan stuff, you better wait for the upcoming products from either Halong Mining or GMO.

btw, I don't have anything against miners as long as they don't act like retards. I would mine bitcoin and secure my investments too if i had the chance. But this whole ASIC thing and lack of customer support/bad distribution network moved me away from it. Now i'm mining BURST because its goddamn easy to do so.

Thanks! I wish I would have paid out 50% at ~20k. Holding for another 2-3 years, long time.

Yeah don't hope too much...
There is a need for a bubble. And a need for its explosion.

Exactly like the last one here there is a possibility for the price to go reaaaaaally low and I think it will. Think about how many people bought at 17k$ and are waiting for the price to go a little bit up for selling. There is a really big resistance that won't allow the price to go up for some times :/

Switching to BCH due to tx fee loss is crazy.. just look at the bcash transaction amount maybe a few hundred tx's per block. Maybe.. it's a ghost network.   They'll shoot themselves in the foot again by switching to mining it.

I do not disagree, I was just slumming over on their thread and wanted people to be aware of what they are thinking over there.

There does seem to be some cognitive dissonance involved.

Who cares? As long as at least 1 person does some mining, we are fine. Miners thought they were special snowflakes. They are not. They already make money from the block rewards.

They'll leave and do what? Spam the bcash chain which nobody uses and ripoff people which don't even exist? Since nobody uses bcash who'll they be fucking?

They'll mine bitcoin whether they like it or not. Get rekt fucktards. Fucking parasites.

Sure.  I would welcome alternative explanations of what is going on in the market because I am trying to puzzle it out.  I am not saying that I am right. 

I hear that, but if you go to the BCash threads they are postulating that the miners are going to abandon BTC in droves due to the fee loss.


I agree with this, the only thing I would remind of is that the spammer in question likely negated a good bit of the costs as they were also mining the spammy blocks.

At the time of this post the bid depth for BTC on BFX was 21,332 BTC and the ask depth was 8,825 BTC.

To do:  check depth in 24 hours.

Just because a certain exchange is in the lead of a trend does not mean that they are leading the price movement.

checks out with what i said 2 messages above.

Now they have no other chance other than being competitive/cheap. Or else LN will destroy them.

Didn't I see another post in this thread that gave a pretty decent rationale? 

It seems that the ongoing spamming was costing a pretty decent chunk of change on an ongoing basis, and it was seeming not to pay off, and it was also seeming to have some opposite effects too.  First of all the cost of keeping it going, and second of all it was causing greater financial motivations for the implementation of lightning - which was not a desired outcome.

Where have all the big blockers gone?  

Where is our friend Gab0? Where is Peter R?  Who will lecture us on the burning necessity of big blocks now that they are no longer with us?

Should we start an “adopt a big blocker” program ?

Maybe its the lightning network?

It is early to say that but what if they just don't want to lose the on-chain customers?

I mean if LN gets adopted widely, only a few will be using onchain transactions. That means a direct loss of income for miners. What if they stopped spamming so they can be competitive to LN to not lose fee income?

Fee Income from 10sat/b txs is still better than nothing, right? If that's the case, core team just scored another one.

You seem to be exaggerating a bit in your post.

Sure, no one is saying to trust exchanges, but each of us have differing levels in which we use them and even keep some value on them.  I don't disagree with your overall point that they are risky and they are trusting 3d parties with your private keys; however, they also seem to be a necessary transitional evil that allows for liquidity that gives bitcoin value in the first place - and your 90% seems to be a bit misleading.   Yeah, bitcoin does not get hacked, it is third parties that screw up, but still your 90% makes it seem as if there is some kind of 90% chance that you are going to lose all your money on exchanges if you leave it there.




I don't know how this relates to anything in the previous post, so it sounds like you are bringing up a new seemingly exaggerated topic that you want to spread the news about some supposed centralized "competitors" to bitcoin.  Get the fuck out of here.  We already have thousands of quasi-centralized and supposed competitors to bitcoin, but there still remains to be something that bitcoin offers that distinguishes it from the others.. no?


Very large and unsubstantiated speculation.  Is this a joke?



Sure, there maybe some plans like this, and what is the likelihood of success?  more than 50/50?   or really seems like you are talking about scenarios that are likely in the planning, but probably have less than a 5% chance of being successful, no?

Yep, 5 sats per byte will probably get you into the next block or two.

BTC/USD price/100 million = satoshi/USD price * satoshis per byte * bytes = USD transaction cost
$11,700 / 100,000,000 = $0.000117 * 5 * 225 = ~$0.13 cents for a standard 225 byte transaction

https://dedi.jochen-hoenicke.de/queue/#24h