Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18710. (Read 26709074 times)
June 09, 2016, 03:13:21 PM
1k Finex ask wall being nibbled, not pulled.
June 09, 2016, 03:08:52 PM
The fastest and cheapest transaction fee is currently 50 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 11,300 satoshis (0.04$).
https://bitcoinfees.21.co/
The above applies both for a $1 tx, and a $10mn tx.... supposing one is in a rush and wants first block inclusion, otherwise its even lower.
If 0.04 fees are "settlement" layer stuff, then what are Western Union, Paypal and SWIFT fees that can be in the hundreds of dollars?
For the median transaction size of 226 bytes, this results in a fee of 11,300 satoshis (0.04$).
https://bitcoinfees.21.co/
The above applies both for a $1 tx, and a $10mn tx.... supposing one is in a rush and wants first block inclusion, otherwise its even lower.
If 0.04 fees are "settlement" layer stuff, then what are Western Union, Paypal and SWIFT fees that can be in the hundreds of dollars?
Yep, I always plan for future world domination by using utilization and price data from today. Top minds...
June 09, 2016, 03:05:00 PM
The fastest and cheapest transaction fee is currently 50 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 11,300 satoshis (0.04$).
https://bitcoinfees.21.co/
The above applies both for a $1 tx, and a $10mn tx.... supposing one is in a rush and wants first block inclusion, otherwise its even lower.
If 0.04 fees are "settlement" layer stuff, then what are Western Union, Paypal and SWIFT fees that can be in the hundreds of dollars?
For the median transaction size of 226 bytes, this results in a fee of 11,300 satoshis (0.04$).
https://bitcoinfees.21.co/
The above applies both for a $1 tx, and a $10mn tx.... supposing one is in a rush and wants first block inclusion, otherwise its even lower.
If 0.04 fees are "settlement" layer stuff, then what are Western Union, Paypal and SWIFT fees that can be in the hundreds of dollars?
June 09, 2016, 02:58:04 PM
The future is finally here.
Of course, it is. People must finally understand that blockchain space is a limited and valuable resource. You have to compete to get included. And compete even more to get included fast! Good news! As Bitcoin's throughput is currently capped at less than 3.7 global tx per second... You don't have to compete to have your value transferred, there are now other options! Bitcoin can crawl slowly to its destiny of being high-powered central bank reserve settlement money... while general use and commerce can use something else. You see, while Bitcoiners battle each other in competition for inclusion, Bitcoin itself will be competing with other networks. Free markets ftw.
There will be no "fee event", as excess use cases can easily flow across the interwebs without competing for inclusion in a centrally planned artificial capacity quota! You won't even have to deposit and lock-up BTC in a payment channel that must stay continually connected to its monolithic hub partner. What a world!
https://medium.com/@lamassu/lamassu-announces-official-support-for-ethereum-9a4c1d8dc20b
June 09, 2016, 02:29:55 PM
Good morning Bitcoinland.
Still battling over $580 I see.
Coiling for the next big leg up, presumably. Past $610 this time?
Hope so, don't know to what degree the bank holidays on BFX will affect price in the short term. Still battling over $580 I see.
Coiling for the next big leg up, presumably. Past $610 this time?
June 09, 2016, 02:02:10 PM
By the way, I bought my first coins at $1,200, and I continued to buy all the way down below $200 and to bring my average down. I accumulated several coins in the lower $200s, and took reasonable precautions to sell on the way up above $250 and currently, then to buy back on dips. Sure it has taken some nursing along the way, yet currently, my BTC portfolio is in really decent shape because I have BTC accumulated and fiat stacked within the portfolio. Thus there are several ways to view and calculate cost per BTC to attempt to figure if your holdings are profitable. Sure, yeah, maybe to be a purist, I should wait for $1,200 to cash out the coins that I bought at $1,200, but really that is not absolutely necessary in order to still have an overall financially profitable holdings and selling position based on the overall average cost of the investment.
I can relate to your trolling.
There's a chance that not everyone who bought in at the very tippy top of the All Time High and spent the following three years trying to dig out is here to personally troll you, ya know?
June 09, 2016, 01:04:07 PM
I feel like in the next few days we'll either have to continue going up or start to fall hard.
Let's hope for all us of that it continues going back up.
ETH will bounce around some more, but i wouldn't expect much more then +30% it feels toppy already.Let's hope for all us of that it continues going back up.
since Jan. 1Quote
BTC on the other hand has plenty of room to grow. +100-300% in the coming year for bitcoin, wouldn't surprise me.
Coin that went up less than 50% since Jan. 1
@gogodr: Worst pone ever.
what?
June 09, 2016, 12:45:19 PM
By the way, I bought my first coins at $1,200, and I continued to buy all the way down below $200 and to bring my average down. I accumulated several coins in the lower $200s, and took reasonable precautions to sell on the way up above $250 and currently, then to buy back on dips. Sure it has taken some nursing along the way, yet currently, my BTC portfolio is in really decent shape because I have BTC accumulated and fiat stacked within the portfolio. Thus there are several ways to view and calculate cost per BTC to attempt to figure if your holdings are profitable. Sure, yeah, maybe to be a purist, I should wait for $1,200 to cash out the coins that I bought at $1,200, but really that is not absolutely necessary in order to still have an overall financially profitable holdings and selling position based on the overall average cost of the investment.
I can relate to your trolling.
June 09, 2016, 12:44:15 PM
I feel like in the next few days we'll either have to continue going up or start to fall hard.
Let's hope for all us of that it continues going back up.
ETH will bounce around some more, but i wouldn't expect much more then +30% it feels toppy already.Let's hope for all us of that it continues going back up.
since Jan. 1Quote
BTC on the other hand has plenty of room to grow. +100-300% in the coming year for bitcoin, wouldn't surprise me.
Coin that went up less than 50% since Jan. 1@gogodr: Worst pone ever.
what?
June 09, 2016, 12:32:20 PM
Opt-in RBF fixes zero-fee transactions.
That much is true.
I'm starting to feel as if you don't even care about the things I say anymore. Maybe This what you're talking about?
https://en.bitcoin.it/wiki/Transaction_replacement
TL;DR: the problem with beetcoin is not that the fees are high, but that you don't know if you have enough money with you to be able to get off the bus, because, unlike a bus, beetcoin doesn't ask for your fare to get on. It lets you on, but if you don't have enough change on you? Have fun riding the bus. For the rest of your life
https://en.bitcoin.it/wiki/Transaction_replacement
TL;DR: the problem with beetcoin is not that the fees are high, but that you don't know if you have enough money with you to be able to get off the bus, because, unlike a bus, beetcoin doesn't ask for your fare to get on. It lets you on, but if you don't have enough change on you? Have fun riding the bus. For the rest of your life
That much is true.
You should just go to that thread and collect your reward
June 09, 2016, 12:31:59 PM
10 good reasons to Buy Bitcoin.
https://medium.com/@Technomage/10-good-reasons-to-buy-bitcoin-now-9c5438893df9#.2omr54lct
https://medium.com/@Technomage/10-good-reasons-to-buy-bitcoin-now-9c5438893df9#.2omr54lct
June 09, 2016, 12:25:08 PM
Opt-in RBF fixes zero-fee transactions.
That much is true.
I honestly don't care
That much is true.
June 09, 2016, 12:06:43 PM
More excellent mass adoption news, everyone! Canadian university is interested in beetcoins!
Canadian university buckles and pays $20k in bitcoin to hackers
Canadian university buckles and pays $20k in bitcoin to hackers
Quote
The University of Calgary in Canada has paid just over $15,000 (CAD $20,000) to restore access to its computer systems following a ransomware attack.
Ransomware typically, as its name would suggest, prevents a victim from acessing their files and other services until demands had been met. In this case, that meant paying $15,000 to restore access to emails and other files.
It’s not the first time a company or organization has caved in and paid a ransomware demand -a hospital in the US paid $17,000 in bitcoin – but you have to wonder if making it public is a smart move.
Being seen as a ‘soft target’ will surely invite further attacks and demands for payment, as has also been the case with that hospital.[...]
Ransomware typically, as its name would suggest, prevents a victim from acessing their files and other services until demands had been met. In this case, that meant paying $15,000 to restore access to emails and other files.
It’s not the first time a company or organization has caved in and paid a ransomware demand -a hospital in the US paid $17,000 in bitcoin – but you have to wonder if making it public is a smart move.
Being seen as a ‘soft target’ will surely invite further attacks and demands for payment, as has also been the case with that hospital.[...]
June 09, 2016, 11:50:29 AM
Also, in general any new tech is first used by males disproportionally high, like, since fire?
From all that conversation about women are dumb and don't know to use money.. the thing that I got was : "Fire is tech" ...
Lets... us men.. create a planet! Terraform one from our solar system or some sh!t .. then fill it with ladies! And lets call that planet "Amazonia", just for fun and cruelty! Then we send a spaceship each year to drop off there a group of 1000 new ladies there each batch of 20 years old... cuz why not? .. overpopulation is a bitch! .. so what the hell?.. fuck it! Throw them bitches in the fighting pit of Amazonia! .. And then wait 50-100 years and see what happens. They will all go lezb0 galore on each other in no time!
Btw those ladies dropped off there are bought from parents with bitcoin and raised since birth in a controlled environment with medium knowledge that an average medieval/elizabethan era woman would have. (No spaceship goats bullsh!t)
June 09, 2016, 11:32:40 AM
By the way, I bought my first coins at $1,200, and I continued to buy all the way down below $200 and to bring my average down. I accumulated several coins in the lower $200s, and took reasonable precautions to sell on the way up above $250 and currently, then to buy back on dips. Sure it has taken some nursing along the way, yet currently, my BTC portfolio is in really decent shape because I have BTC accumulated and fiat stacked within the portfolio. Thus there are several ways to view and calculate cost per BTC to attempt to figure if your holdings are profitable. Sure, yeah, maybe to be a purist, I should wait for $1,200 to cash out the coins that I bought at $1,200, but really that is not absolutely necessary in order to still have an overall financially profitable holdings and selling position based on the overall average cost of the investment.
June 09, 2016, 11:03:51 AM
I feel like in the next few days we'll either have to continue going up or start to fall hard.
Let's hope for all us of that it continues going back up.
Let's hope for all us of that it continues going back up.
china seems unwilling to break 4000 CNY atm and looks to be set to retest 3733 for support.
so it seems like we won't go to the moon just yet, maybe after a support retest this might happen but so far no luck.
maybe it's time for europe to take the lead for once.
June 09, 2016, 10:50:08 AM
It will only take a 7k pump on Bitfinex to get the price up to $600. Great big buys like that were fairly regular a few weeks ago. We had a lower volume gap for a week or two, and the high volume buys might start again soon for the next big leg up. The low volume trading can't last forever.
| Hope springs eternal in the human breast; Man never is, but always to be blessed: The soul, uneasy and confined from home, Rests and expatiates in a life to come. – Brainyquote.com __________________________________ | http://s33.postimg.org/upkvhnmrz/aaa_1.gif |
June 09, 2016, 10:33:10 AM
Good morning Bitcoinland.
Still battling over $580 I see.
Coiling for the next big leg up, presumably. Past $610 this time?
Still battling over $580 I see.
Coiling for the next big leg up, presumably. Past $610 this time?
It will only take a 7k pump on Bitfinex to get the price up to $600. Great big buys like that were fairly regular a few weeks ago. We had a lower volume gap for a week or two, and the high volume buys might start again soon for the next big leg up. The low volume trading can't last forever.
June 09, 2016, 10:24:28 AM
Good morning Bitcoinland.
Still battling over $580 I see.
Coiling for the next big leg up, presumably. Past $610 this time?
Still battling over $580 I see.
Coiling for the next big leg up, presumably. Past $610 this time?
June 09, 2016, 09:39:04 AM
@DaRude if you really have to talk to the trolls (Lambie) please don't quote them, the stupid hurts so much 
Fare enough. Online wallets that still allow 0fee transactions to general public should be chastised though. Damn it she/he got me again
Dont respond to any people with lower than 100 activity posts. The human brain is made for rational thinking, Lambie wil be having a personal mental break down sooner ore later with all that trolling.
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