Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19000. (Read 26608259 times)

Link please?

Yeah... that's what I thought.

I think it incorporates localbitcoins and that gets triggered at a certain volume level.

Winkdex at 443. Is some exchange going crazy or is there a bug?

I see what you are saying, and it seems to be largely building off of hong kong commitments, and I personally believe that those were fairly solid and sufficiently adequate commitments, even though they may have been tentative and conditional.

Nonetheless, sometimes, I believe a lot of people tend to equate too much the concept of increasing the blocksize limit (from 1mg to 2mb) as if that has to be a hardfork, or maybe they are just throwing around too much the idea of hardfork, which distracts the conversation.

In essence, the tentative plan remains that Segwit will go live, and based on various scattered writings that I have seen, I would anticipate that release to be in May/June rather than April, which will also put off the release of 1mb to 2mb increase code language by a couple of months.  Nonetheless, we could still end up having the implementation of some blocksize limit increase code (from 1 to 2mb) in mid to late 2017.   

Whether that blocksize limit increase would be a hardfork or a softfork is still to be determined, and I get the sense that if it can be accomplished via a softfork, it will be accomplished in that way... and if for some reason, there does need to be a hardfork, then such a hardfork would be attempted in a non-contentious manner... unless the hands of core is forced to have to implement with a hardfork.... which seems to be a less likely scenario in my humble bumble opinion.

 


We can look at weekly or 3 day trade volume charts..... (and Bitstamp is a good trade volume reference point because it does not engage in margin / leverage trading).

in the summer of 2015, we had a bit of a false start regarding BTC price movement because BTC trade volume picked up and then dried up, again.  If you recall that was the price move from $230s to $317 and then back down to the $230s.   

Then in late 2015 starting from mid-August, we had a decent pick up in BTC trade volume that lasted more than 4 months until late December 2015... (the move from $230s to $502 and back down to lower $300s and back up to $360 to $460 range).

Since about the beginning of 2016 there has been some drying up of BTC’s trade volume... and quite a bit of ongoing contentiousness in the bitcoin community regarding blocksize limit, governance and hardforking.

Further, the last three weeks seem to have demonstrated additional drying up of BTC trade volume and some temporary acceptance of this lower $400s price range... maybe there's some widespread and contagious "let's wait and see thinking" going on at the moment? I have my doubts regarding whether price stagnation is completely attributable to contentiousness in the bitcoin space, though there's no doubt that public sentiment remains a component in price dynamics of any asset, commodity or whatever the fuck is bitcoin.

I would not be surprised for a price break out in either direction or just a continuation of the relatively low trade volume for a couple more months....

I don't think that the current drying up of BTC trade volume means too much, except that there is some continued price consolidation going on in this lower $400s price range... and no one really wants to (or is able to) fight the direction of BTC prices too much. The big players are likely to continue attempt at testing price here or there in order to attempt to verify if they can get prices to move in one direction or another or to get others to jump on-board... but in the end, when we are stuck in a kind of consolidation, even big players can't really be successful in getting BTC prices to move too much or to get others to jump onboard when attempting to signal in one direction or another.

I think that at this time, we cannot really read too much into the low BTC trade volume.. except maybe relax and accumulate BTC if you happen to be bullish and relax and dump BTC if you happen to be bearish (that is if you have any BTC to dump)...

Sometimes I will attempt to trade BTC on less than $5 price increments but only if the price happens to be hitting my price points... and in this most recent $410 to $419 range of the past five days, I did not really catch BTC price points very well.

In other words, there has been pretty low trade volume from me, too. About 5 days ago, when BTC prices moved above $410, I sold some in the $412s, $415s and in the $417s, and then bought back some in the $414s... and now I feel kind of stuck with my next sell point above $418 and my next buy point below $412...   Even though I may feel stuck at the moment, I have found that as time passes, I tend to narrow my consolidation of buy and sell points to bring them closer together when there seems to be long periods of prices being stuck in a range and I have not been buying or selling for such a long time...

http://www.coindesk.com/bitcoin-miners-back-proposed-timeline-for-2017-network-hard-fork/

"“SegWit is expected to be released in April 2016."

The code for the hard-fork will, therefore, be available by July 2016."

"If there is strong community support, the hard-fork activation will likely happen around July 2017.” " (activates between 70-80% hash power I think)

Dat volume tho...

After months of reading Billyjoe posts about block size, readers finally discovered his true identity:

We don't know that. When and if it happens, maybe I'll buy.  4MB is still not in Core's RoadMap.  There may be problems with the SegWit roll-out. Right now, a spam attack could cause the price to drop and cost the attacker less than they can profit by shorting. 

You trade what's gonna happen and I'll trade what has happened. I'll pay you off if I'm right and help mitigate your losses if you are wrong by covering my short. You should be grateful I'm here. I'm your fucking safety net, now run and play.

Stop gluttonising heroine and peyout, u fucking clown  

link or it didn't happen...


Are you referring to the hong kong roundtable resolution or something else?

For the 500th time, 4mb blocks are already coming.  There is nothing left to discuss about block size for the foreseeable future.

U either got skullfucked by nepali baboon or branwashed by stodgy lobbyistic reddit mofos  or u got skullfuced while being brainwashed 

Go sell ur bitcoins turdfuck lol

99.99% of your opinion is worthless spam 

Because normal people in the real world will not send a million dollar transaction over a network that is useless for $10 transactions.  You have to earn their trust a little at a time.  You are not entitled to it, which I am betting you will have to find out the hard way.  You don't attract big players by pushing out the small players. You don't do that. The big players do that. You just create a predictable environment for the game to be played. Has Core done that? Has Blockstream?

You can't create a world class system from scratch. You have to grow it. Field of Dreams was a movie, not a viable business model.  Look at the Ghosts Cities in China.  That's what you've built. A ghost network. Of course I hope you're right and I'm wrong, because I have my life savings I need to unload on some smallblocker suckers when the price gets high enough, but based on falling volume and lower peaks, I doubt I'm wrong. 

Lol...



FUD of the form: "The FUD is true", lol...

"The network is abysmally slow"  

Yeah I mean waiting a few minutes to transfer, say, a million or even a billion bucks for a 0.05$ fee, anywhere around the globe, without being anal probed by the financial and state authorities is a problem... obviously he wasn't used banks to do the same task.

As for visa, visa is unidirectional. It can never compete with bitcoin. Visa = you paying someone else. If you want to get paid it's a whole different story.

Bitcoin = paypal, not visa. But without the middleman, the fixed fees, the currency fees, the 3% fees on the amount transferred, the reversibility of transactions (paypal confirmation time = 180 days), the possible freezing of your account, the random "checks" and delays on wiring money to your bank etc etc.

http://www.coindesk.com/land-1000-bitcoin-wallets/
In this opinion piece, Biggs argues that the bitcoin community has become complacent in its quest for financial change, standing by as institutions seek to stamp out its more revolutionary impulses.

All in, strapped in.

From soon till the end of the year will epic. See you on the other side...

Yes you're right.
Don't understand this either!
However there seem to be guys who still desperately have to argue about that.
I would prefer to see more charts around here.Seems that this thread has become useless.

It's just a theoretic example of how scaling in USD-volume can occur even with limited tps capabilities. It's what been objected to as a future of a high value settlement network that will not be affordable for the small guy.

So on one hand you have criticism that bitcoin is a useless "hobby coin" and then you have criticism that it's been intended to be a high value settlement network. Obviously these two criticisms are so contradictory that it's not even funny. Yet they come from the same camp.