Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18969. (Read 26609155 times)

I doubt that there is any meaningful direct correlation exactly between various alts and bitcoin, even though maybe from time to time, the performance of some alts can be compared and contrasted with the performance of bitcoin - and the investment and disinvestment trade-offs.

Ahhh im back, also do you guys have info of the alts all dropping in price? Does that mean altcoin season is over and bitcoin is back on stage?

Even tho I doubt you paid 12hun for a coin, I assume you bought dozens more in the 2hun range and are sort of set at this point, or u should be. But, your last sentence pointed you out as a butt-tard and you love it. game, set, match.

Sounds good. I bought my first bitcoin at $1200... thought about joining the forum right around then, but put it off. If one considers that things can go one of two directions, either up, or down, and within a relative range either way... we can be confident that the price will do something soon. My thoughts are that it will shoot past brg444's conservative estimate, up to $880. I assign this a 51.5% probability. The remaining 48.5% probability is assigned to another integer of dollars. (USD pls.)

The first use of BTC as a central bank reserve settlement will probably take place this summer, after the miners activate seg wit. People are already enamored with the capabilities of the network, with segwit and the lightning hubs active, the sky deep space is the limit. Mewn sewn boyz, sell the heirlooms, mortgage the house, pumpkin's college fund... get that on a wire to the exchange, your family will thank you later.

You may be correct, but frequently I am skeptical when price predictions are too specific and lacking in qualifiers.  That's a decent number, though... I frequently am hypothesizing that once prices go past $502 (which really seems to become inevitable after $480, then prices are going to shoot into the $600 to $650 territories... and certainly overshooting towards $680 is not outside of normal irrational bitcoin history, which seems quite likely to continue.

Does the beast stir from its slumber?

680 is next stop

Even in the best-case scenarios, $700 is going to be a while... Maybe 4 months or longer....?


I would think that if we get into the $480s (and possibly into the $470s would be sufficient), then it is very likely that we would be able to experience the $600s within that same price run... and the $700s seem to be quite a longer shot, especially without some correction (profit-taking) period, first.. which could cause several months of delay... but really, I would like to be wrong, and it does seem difficult to deny that bitcoin is due for some kind of upwards price explosion... I just fear that getting into the $800s would likely require movement to a new ATH (and we may not be quite ready for that, yet?).

Nothing wrong with that.  Bitcoin is in an interim stage of development, and we should not be expecting a 6 billion dollar market cap system to compete on the same level as various centralized credit card and other centralized payment systems (in terms of speed).. in these early and expansive days of bitcoin and its various systems.  


And, even so, these days, it seems that bitcoin is allowing a lot of value transfer, control and storage of value in ways that would be extremely expensive and even slow for final confirmation in many instances with traditional payment systems.

A couple of weeks ago, I sent 80 bitcoins (price at the time $416  - therefore $33,280), and it took about 7 minutes to be confirmed, and I was able to use the money in less than 30 minutes.  I did not do anything special on that occasion, and the standard fee was .000187 BTC  (almost $.08).   Personally, I find that transaction to be quite amazing in comparison to any other payment system (and largely decentralized in this circumstance).  

My earlier March tests of three transactions (while the blocks were supposedly full) that took 75 minutes, and nearly 10 hours for the other two, were fairly small level transactions (a little more than $1), and those transaction times and fees were acceptable, as well, yet would depend on use case, whether faster confirmation would be preferred or lower fees would be expected...

Bitcoin is not anywhere near broken, and a lot of further innovations are in the soon-to-be implemented pipeline... this year, and maybe more next year.   So, you FUCD spreaders seem to becoming less and less persuasive with your lame assertions of "emergency" and or to make supposed "brokenness of bitcoin" cries.

yeah waiting over an hour for a payment to go through rocks.

Lol! Well I hope you get some time xD

Yes, that is a big "IF".  

My transactions are not taking four days but tend to show up immediately and usually take less than an hour.  In early March, while the blocks were supposedly full, I sent out three transactions with varying fees, and the one with the highest fees (I recall it was $.04) took about 75 minutes to complete, and the two with the low to no fees ($.01 and $.001 respectively) took close to 10 hours to complete.

In other words, you are in a fantasy world, Mr. Aztec, and transactions do not appear to be taking anywhere near 4 days to complete, even when blocks are at their fullest...  and including some small token fees seems to help speed up transaction confirmations.
 

It seems that you, Mr. Aztec, have some difficulties with reading comprehension.   


In my earlier comment, I conceded that I had not recognized the difference from median and mean in the referred to charts; however, I did not concede that there was any kind of meaningful blockchain fullness problem. 

I also conceded that looking at median blocksize information could potentially allow for various additional arguments regarding blocksize fullness, that may not be as meaningful by using mean blocksize information. 

None of my concessions imply that there is actually in existence convincing information concerning the extent to which some posters tend to argue about "emergency" blockchain fullness issues that would require immediate action beyond various currently ongoing seg wit considerations and later on potential blocksize limit increases that are being considered for sometime after the implementation of seg wit, such as potential blocksize limit increase considerations described in the HongKong agreement.

$421 boring action man. Somebody wake me up from hibernation if/when we hit $700 or something.

CCMF?

In the shuffling madness Of the locomotive breath Runs the all-time loser Headlong to his death He feels the piston scraping Steam breaking on his brow Mark Karpeles stole the handle And the train it won't stop going No way to slow down Moooooo no! It hurts it hurts it hurt ouch no! Ouch ouch ouch ouch ouch ouch ouch NO! Moo ouch ouch No! Mooo!

Take it out for a test run Lamby my old friend, what's the worst that could happen?

Boring price action and off topic posts... I may as well post something off topic but interesting (launch of Pascal):
http://www.anandtech.com/show/10225/the-nvidia-gtc-2016-live-blog

thanks for letting me know. i will upgrade. i have to upgrade two pcs. i need figure out if i can backup the bloatchain so i don't have to download it every time it freaks on monday mornings. i just upgraded my debit card to have the chip.. and next week i am having this silver coin in my pocket upgraded from v.999 to v.9991 which adds holographic capabilities.

Good morning Bitcoinland.

Still coiling. Movement imminent (hopefully).