Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18465.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: The_Hamburglar on July 15, 2016, 07:46:11 AM

Quote from: Elwar on July 15, 2016, 07:22:15 AM

Quote from: The_Hamburglar on July 15, 2016, 07:10:19 AM

Quote from: Karpeles on July 15, 2016, 06:50:46 AM

And low compared to what?

The past month. $76,807,200 in the past 24hrs. Would have to go back a month to find lower.
Hope this isn't the panic buying I was promised...

Someone promised you something?

Why ... yes, yes they did. And not just something, but panic buying due to the halvening.
Sounded pretty fishy to me at the time, too... O well, an expensive lesson in trust.

Who was this? Can you show us the contract?

The_Hamburglar

newbie

Activity: 28

Merit: 0

Quote from: Elwar on July 15, 2016, 07:22:15 AM

Quote from: The_Hamburglar on July 15, 2016, 07:10:19 AM

Quote from: Karpeles on July 15, 2016, 06:50:46 AM

And low compared to what?

The past month. $76,807,200 in the past 24hrs. Would have to go back a month to find lower.
Hope this isn't the panic buying I was promised...

Someone promised you something?

Why ... yes, yes they did. And not just something, but panic buying due to the halvening.
Sounded pretty fishy to me at the time, too... O well, an expensive lesson in trust.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: Elwar on July 15, 2016, 07:22:15 AM

Quote from: The_Hamburglar on July 15, 2016, 07:10:19 AM

Quote from: Karpeles on July 15, 2016, 06:50:46 AM

And low compared to what?

The past month. $76,807,200 in the past 24hrs. Would have to go back a month to find lower.
Hope this isn't the panic buying I was promised...

Someone promised you something?

I think someone has promised him the :

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: The_Hamburglar on July 15, 2016, 07:10:19 AM

Quote from: Karpeles on July 15, 2016, 06:50:46 AM

And low compared to what?

The past month. $76,807,200 in the past 24hrs. Would have to go back a month to find lower.
Hope this isn't the panic buying I was promised...

Someone promised you something?

The_Hamburglar

newbie

Activity: 28

Merit: 0

Quote from: Karpeles on July 15, 2016, 06:50:46 AM

And low compared to what?

The past month. $76,807,200 in the past 24hrs. Would have to go back a month to find lower.
Hope this isn't the panic buying I was promised...

Karpeles

legendary

Activity: 1162

Merit: 1000

Quote from: rjclarke2000 on July 15, 2016, 01:50:37 AM

Does the low volume means no one is spending or buying coins? Also, if the volume is so low why does it not affect the price?

Does this mean people are just hodling?

Just trying to work out the whole low volume thing.

There are around 1600 BTC being generated every day, so people must buy BTC to price don't drop. The miners won't just hodl everything because they have to pay bill and taxes.

And low compared to what?

Volume is lower than before the halving because the halving was a hyped event, now things are back to normal

toknormal

legendary

Activity: 3066

Merit: 1188

Huge 4-week wedge forming. It's pointing at $640.

rjclarke2000

legendary

Activity: 1358

Merit: 1016

Thanks for the explanations

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: rjclarke2000 on July 15, 2016, 01:50:37 AM

Does the low volume means no one is spending or buying coins? Also, if the volume is so low why does it not affect the price?

Does this mean people are just hodling?

Just trying to work out the whole low volume thing.

I personally believe that low volume merely means that there is a sort of wait and see going on in respect to trading... sure bears would want to attempt to push it down, but they are waiting for others to sell their coins first before they join in. Bulls on the other hand would like prices to go up, but they are waiting for others to begin buying first. Both are a bit nervous about attempting to use their own coins to push the price in the direction that they would like.

Trade volume is one thing that actually affects price and transactional volume is another thing that probably does not depend so much on the price, even though probably people spend more bitcoin the higher the price of bitcoin (they buy more also).

I think that a fairly accurate representation of transactional value is the below linked graph.

https://blockchain.info/charts/transaction-fees-usd?timespan=1year

You can see that overall more and more money is being spend on bitcoin transactions (not the same as trading)

Andre#

hero member

Activity: 737

Merit: 500

Quote from: rjclarke2000 on July 15, 2016, 01:50:37 AM

Does the low volume means no one is spending or buying coins? Also, if the volume is so low why does it not affect the price?

Does this mean people are just hodling?

Just trying to work out the whole low volume thing.

It means not much trading is going on. People are still buying, otherwise the price would drop.

rjclarke2000

legendary

Activity: 1358

Merit: 1016

Does the low volume means no one is spending or buying coins? Also, if the volume is so low why does it not affect the price?

Does this mean people are just hodling?

Just trying to work out the whole low volume thing.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

I said "rock!". I said "what's the matter with you, rock?"
"Don't you know I need you rock?" Then I ran to the river. It was bleeding, so I ran to the sea.
It was bleeding...

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: nioc on July 14, 2016, 05:13:32 PM

Quote from: JayJuanGee on July 14, 2016, 02:56:31 PM

[edited out]

I thought that worked with everything? Tongue

I finally received my btc.

I don't know why the miners weren't including the transactions with the size of 502 bytes even with a larger fee. Total wait time till 1st confirmation was ~4 hrs 15min.

Whew, now I can hodl Grin

I am getting the sense that one of the problems with your transactions (the ones that you are complaining about) is that you are requesting from some institution that fucks around with it, and probably they are sending many transactions at once and trying to skimp on the fee, or some other shenanigans...

You are not referring to some normal situation, like some blockchain wallet transaction or something more straight forward... When you get the delayed confirmations, you are referring to aberration situations, that is not really a reflection of bitcoin but instead a reflection of less than par methodologies used by the sending institution. I recall that I had a similar delay problems whenever I was awaiting payments from one of the earlier signature campaigns that I was partaking in (not my current campaign)... but anyhow, they would send 100 micropayments for only a small fee, and it took like a day to arrive.. .. If they had increased the fee, just a little bit, then we would have received our payments much quicker... like less than an hour.

but I still say, so fucking what, it is a lot better than traditional banking.

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: rjclarke2000 on July 14, 2016, 01:35:50 PM

Quote from: siera on July 14, 2016, 11:53:30 AM

Who will grow faster? BTC or Mark? Wink

This comment is good. This has to be pointed out. Thumbs up

Seconded, lol Cheesy

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

^I think I'd like to upload myself into a carbon-breathing life-form at some point. Is that possible?

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: BlindMayorBitcorn on July 14, 2016, 02:06:30 PM

Quote from: MayorMccheese on July 14, 2016, 01:40:42 PM

Quote from: rjclarke2000 on July 14, 2016, 01:37:00 PM

I have a good feeling we are going to see $33,333 soon. 777? Pah.....

Unhinged by grief...
Daily exchange volume: $90,606,600. Does anyone remember lower?

I thought we made an executive decision to talk about something more productive?
Topic idea: Transhumanism and you. Discuss.

I am quite happy with my current form even at this advanced age.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: JayJuanGee on July 14, 2016, 02:56:31 PM

Quote from: ProfessionalBitsurgeon on July 14, 2016, 11:20:20 AM

Quote from: nioc on July 14, 2016, 11:01:23 AM

Estimated Confirmation Time Very Soon (High Priority)

Not included in 4 blocks so far, all had > 2000 txs Edit: they all were "full"

In Two Weeks^TM
This public service announcement has been brought to you by Legacy Finance System, your friendly local bankster shills, and the letter $.

That's hillarious lambie 729.. even coming from a banker shiller troller like yourselfer. Wink

Quote from: nioc on July 14, 2016, 11:32:06 AM

Quote from: JayJuanGee on July 14, 2016, 11:16:59 AM

Quote from: nioc on July 14, 2016, 11:01:23 AM

Estimated Confirmation Time Very Soon (High Priority)

Not included in 4 blocks so far, all had > 2000 txs Edit: they all were "full"

Estimate by this oft quoted website https://bitcoinfees.21.co/ 0-1 blocks

Somebody please turn btc off and then on again.

This post should please JJG

Why would I be pleased?

It seems that every time you engage in some kind of BTC transaction, you have some drama, like as if you expect the transaction to go through immediately, but for some reason it takes a bit of time, yet you don't really post specifics, except various assumptions that the transaction is taking too long.

In the past 6 months, I have made about 30 transactions, and mostly, they take between about 15 minutes to an hour to confirm with three confirmations and range between a few hundred dollars and 30BTC. The fees have generally been under $.10 per transaction.

Maybe your expectations are too high? Or maybe you are doing something incorrectly? Even if it takes 4-6 blocks to confirm, so what? that is still under an hour, no?

Sarcasm.

Not everytime just when I have an issue. The fee was 60 satoshi per byte and at ~500 bytes that is $.20

Where do my expectaions come from? from the block explorer: Estimated Confirmation Time Very Soon (High Priority)

And as I said the site Alex likes to quote: 0-1 blocks

Now waiting for 6 blocks

I just want somebody to turn btc off and then on again as this is the recommended fix for computer stuff.

Bitcoin is not the same as ETH or some of those other centralized coins (proclaiming to be decentralized)... You cannot turn it off and then on again... Helrow?

I thought that worked with everything? Tongue

I finally received my btc.

I don't know why the miners weren't including the transactions with the size of 502 bytes even with a larger fee. Total wait time till 1st confirmation was ~4 hrs 15min.

Whew, now I can hodl Grin

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: JimboToronto on July 14, 2016, 03:16:58 PM

Quote from: JayJuanGee on July 14, 2016, 02:56:31 PM

That's hillarious lambie 729.. even coming from a banker shiller troller like yourselfer. Wink

Sometimes trolls can be quite cute.

Say what now???
When I grow up... I'm gonna F! you up guud!!!

666! For Life!

dumbfbrankings

full member

Activity: 238

Merit: 100

Quote from: ?? on ??

Just use litecoin for your coffee.

Capacity isn't a problem when there are hundreds of competing networks happy to soak up the investment and use that BTC doesn't want...

Cool, 2 da moon!

(btw, nioc wasn't using it for commerce, he ain't no idiot, he was doing exactly what you're supposed to do with BTC, 1. buying it, then 2. HODLing it. He got held up between 1 and 2.)

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: JayJuanGee on July 14, 2016, 02:56:31 PM

That's hillarious lambie 729.. even coming from a banker shiller troller like yourselfer. Wink

Sometimes trolls can be quite cute.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18465. (Read 26713358 times)