Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19001. (Read 26608259 times)

newbie
Activity: 1
Merit: 0
i'm saying it's a hobby network and it looks like it will stay a hobby network.  serious adoption would kill it.

Let's see the capabilities of the "hobby network" right now:

300.000 tx/day x 1000$ per tx on average =109.5 billion USD per year, exceeding western union customer department and around half of paypal.

At 300k tx/day and 10.000$ per tx = 1.09 TRILLION usd per year, surpassing paypal and western union combined x3.


At around 3.3mb effective capacity:

1mn txs per day x1000$ per tx on average = 365bn USD per year, exceeding paypal and western union combined.

1mn txs per day x10.000$ per tx on average = 3.65 trillion USD per year

"Hobby coin"  Cry Cry Cry

Sorry, but 99.99% of all these so called "txs" are worthless spam. Cry
legendary
Activity: 1708
Merit: 1049
i'm saying it's a hobby network and it looks like it will stay a hobby network.  serious adoption would kill it.

Let's see the capabilities of the "hobby network" right now:

300.000 tx/day x 1000$ per tx on average =109.5 billion USD per year, exceeding western union customer department and around half of paypal.

At 300k tx/day and 10.000$ per tx = 1.09 TRILLION usd per year, surpassing paypal and western union combined x3.


At around 3.3mb effective capacity:

1mn txs per day x1000$ per tx on average = 365bn USD per year, exceeding paypal and western union combined.

1mn txs per day x10.000$ per tx on average = 3.65 trillion USD per year

"Hobby coin"  Cry Cry Cry
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Er, I think we get the fuckin' gist now after countless thousands of words. Why aren't you out doing something creative and useful like planting trees?
legendary
Activity: 1106
Merit: 1007
Hide your women
All the in fighting and trolling is getting a bit too much lately. The way things are currently it looks like we don't all want the same thing which is bitcoin's price to rise right.

I hope to see some kind of consensus soon.
There will never be consensus. There will always be fighting and trolling. You'd better get used to it because this is the future of bitcoin. There will always be some minority like current big blocktards that want to take over bitcoin and ruin or cripple it. Bitcoin's price will rise despite all this!

Rise based on what exactly? a permanent conflict between users, miners and coders? a 100% chance of a network congestion failure before we get to the point we were at 27 months ago? the ability of the PRC to nationalize Chinese mines and execute as many 51% attacks as they want? SegWit TestNet results? What the hell makes you think it's going up and who is supposed to be doing the buying?


Pump it, and they will come.



You can pump anything and get momentum riders, but you have to keep it up indefinitely because as soon as the momentum is lost, they ride it the other way.  Sustainable appreciation has to be based on fundamentals.  

15 out of the last 20 days were green candles, but the price has only recovered about 2/3 of what it lost in the five days prior to that. That's an enormous amount of pumping, but everybody knows that some spammer can crash the market again by filling blocks any time he wants.  


Are you saying that bitcoin is dead??

i'm saying it's a hobby network and it looks like it will stay a hobby network.  serious adoption would kill it.
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
All the in fighting and trolling is getting a bit too much lately. The way things are currently it looks like we don't all want the same thing which is bitcoin's price to rise right.

I hope to see some kind of consensus soon.
There will never be consensus. There will always be fighting and trolling. You'd better get used to it because this is the future of bitcoin. There will always be some minority like current big blocktards that want to take over bitcoin and ruin or cripple it. Bitcoin's price will rise despite all this!

Rise based on what exactly? a permanent conflict between users, miners and coders? a 100% chance of a network congestion failure before we get to the point we were at 27 months ago? the ability of the PRC to nationalize Chinese mines and execute as many 51% attacks as they want? SegWit TestNet results? What the hell makes you think it's going up and who is supposed to be doing the buying?


Pump it, and they will come.



You can pump anything and get momentum riders, but you have to keep it up indefinitely because as soon as the momentum is lost, they ride it the other way.  Sustainable appreciation has to be based on fundamentals.  

15 out of the last 20 days were green candles, but the price has only recovered about 2/3 of what it lost in the five days prior to that. That's an enormous amount of pumping, but everybody knows that some spammer can crash the market again by filling blocks any time he wants.  


Are you saying that bitcoin is dead??
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
All the in fighting and trolling is getting a bit too much lately. The way things are currently it looks like we don't all want the same thing which is bitcoin's price to rise right.

I hope to see some kind of consensus soon.
There will never be consensus. There will always be fighting and trolling. You'd better get used to it because this is the future of bitcoin. There will always be some minority like current big blocktards that want to take over bitcoin and ruin or cripple it. Bitcoin's price will rise despite all this!

Rise based on what exactly? a permanent conflict between users, miners and coders? a 100% chance of a network congestion failure before we get to the point we were at 27 months ago? the ability of the PRC to nationalize Chinese mines and execute as many 51% attacks as they want? SegWit TestNet results? What the hell makes you think it's going up and who is supposed to be doing the buying?


Pump it, and they will come.



You can pump anything and get momentum riders, but you have to keep it up indefinitely because as soon as the momentum is lost, they ride it the other way.  Sustainable appreciation has to be based on fundamentals.  

15 out of the last 20 days were green candles, but the price has only recovered about 2/3 of what it lost in the five days prior to that. That's an enormous amount of pumping, but everybody knows that some spammer can crash the market again by filling blocks any time he wants.  


You gotta take a broader look at bitcoin's prices, and you will realize that the blockfullidshit is not materially having an affect on BTC prices... and BTC prices are generally preparing to go up. 

There are 7 years of pretty stupendous growth and a bit of a correction with ongoing likelihood of upwards movement.

We had nearly a year of very much downward price pressure.. in the $200s...  and then we are continuing upward.... surely, upwards is not guaranteed, but more likely than not that BTC prices are going to continue up rather than returning to the $200s .. we may even get some movement into the $300s or down to $350... but seems difficult to achieve such and there have been several attempts over the past few months.







legendary
Activity: 1260
Merit: 1000
Are you jibblets still arguging about block size? holy shit...

Last time I checked, core was going along with a 2mb hard fork in 2017, so segwit + that = 4mb.  That's fine for the foreseeable future.  Around 8mb is where I see most of the glass ceiling on price coming off, and that's the next stop after 4mb.

There's nothing to discuss anymore about block size.
legendary
Activity: 1106
Merit: 1007
Hide your women
All the in fighting and trolling is getting a bit too much lately. The way things are currently it looks like we don't all want the same thing which is bitcoin's price to rise right.

I hope to see some kind of consensus soon.
There will never be consensus. There will always be fighting and trolling. You'd better get used to it because this is the future of bitcoin. There will always be some minority like current big blocktards that want to take over bitcoin and ruin or cripple it. Bitcoin's price will rise despite all this!

Rise based on what exactly? a permanent conflict between users, miners and coders? a 100% chance of a network congestion failure before we get to the point we were at 27 months ago? the ability of the PRC to nationalize Chinese mines and execute as many 51% attacks as they want? SegWit TestNet results? What the hell makes you think it's going up and who is supposed to be doing the buying?


Pump it, and they will come.



You can pump anything and get momentum riders, but you have to keep it up indefinitely because as soon as the momentum is lost, they ride it the other way.  Sustainable appreciation has to be based on fundamentals.  

15 out of the last 20 days were green candles, but the price has only recovered about 2/3 of what it lost in the five days prior to that. That's an enormous amount of pumping, but everybody knows that some spammer can crash the market again by filling blocks any time he wants.  
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
All the in fighting and trolling is getting a bit too much lately. The way things are currently it looks like we don't all want the same thing which is bitcoin's price to rise right.

some johnny-come-latelty's didn't read the club rules on the way in and then ignored the memo when they were told to hush down ... now they've been told straight out to fuck right off if they don't want to play by the rules.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
All the in fighting and trolling is getting a bit too much lately. The way things are currently it looks like we don't all want the same thing which is bitcoin's price to rise right.

I hope to see some kind of consensus soon.
There will never be consensus. There will always be fighting and trolling. You'd better get used to it because this is the future of bitcoin. There will always be some minority like current big blocktards that want to take over bitcoin and ruin or cripple it. Bitcoin's price will rise despite all this!

Rise based on what exactly? a permanent conflict between users, miners and coders? a 100% chance of a network congestion failure before we get to the point we were at 27 months ago? the ability of the PRC to nationalize Chinese mines and execute as many 51% attacks as they want? SegWit TestNet results? What the hell makes you think it's going up and who is supposed to be doing the buying?







Yep... it will continue to rise, despite all the fearmongering, when people realize that a whole hell-of-a lot of the fearmongering is in the air, rather than in actual technical problems.

Bitcoin is in a decent technical place right now... especially with segwit on the horizon, and the ability to increase to 2mb, in the event that it is needed.. and fees being totally reasonable and transaction times being totally reasonable.. and developers continuing to build upon it and likely that we are going to get some killer apps at various points in the coming years.
legendary
Activity: 1260
Merit: 1002
All the in fighting and trolling is getting a bit too much lately. The way things are currently it looks like we don't all want the same thing which is bitcoin's price to rise right.

I hope to see some kind of consensus soon.
There will never be consensus.

there is a consensus.. not to break consensus.

Quote
There will always be fighting and trolling. You'd better get used to it because this is the future of bitcoin. There will always be some minority like current big blocktards that want to take over bitcoin and ruin or cripple it.

fun times.

Quote
Bitcoin's price will rise despite all this!

legendary
Activity: 1414
Merit: 1000
All the in fighting and trolling is getting a bit too much lately. The way things are currently it looks like we don't all want the same thing which is bitcoin's price to rise right.

I hope to see some kind of consensus soon.
There will never be consensus. There will always be fighting and trolling. You'd better get used to it because this is the future of bitcoin. There will always be some minority like current big blocktards that want to take over bitcoin and ruin or cripple it. Bitcoin's price will rise despite all this!

Rise based on what exactly? a permanent conflict between users, miners and coders? a 100% chance of a network congestion failure before we get to the point we were at 27 months ago? the ability of the PRC to nationalize Chinese mines and execute as many 51% attacks as they want? SegWit TestNet results? What the hell makes you think it's going up and who is supposed to be doing the buying?


Pump it, and they will come.
full member
Activity: 126
Merit: 100
... There will never be consensus. There will always be fighting and trolling. You'd better get used to it because this is the future of bitcoin. ...

legendary
Activity: 1106
Merit: 1007
Hide your women
All the in fighting and trolling is getting a bit too much lately. The way things are currently it looks like we don't all want the same thing which is bitcoin's price to rise right.

I hope to see some kind of consensus soon.
There will never be consensus. There will always be fighting and trolling. You'd better get used to it because this is the future of bitcoin. There will always be some minority like current big blocktards that want to take over bitcoin and ruin or cripple it. Bitcoin's price will rise despite all this!

Rise based on what exactly? a permanent conflict between users, miners and coders? a 100% chance of a network congestion failure before we get to the point we were at 27 months ago? the ability of the PRC to nationalize Chinese mines and execute as many 51% attacks as they want? SegWit TestNet results? What the hell makes you think it's going up and who is supposed to be doing the buying?




legendary
Activity: 3431
Merit: 1233
All the in fighting and trolling is getting a bit too much lately. The way things are currently it looks like we don't all want the same thing which is bitcoin's price to rise right.

I hope to see some kind of consensus soon.
There will never be consensus. There will always be fighting and trolling. You'd better get used to it because this is the future of bitcoin. There will always be some minority like current big blocktards that want to take over bitcoin and ruin or cripple it. Bitcoin's price will rise despite all this!
legendary
Activity: 1260
Merit: 1002
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
All the in fighting and trolling is getting a bit too much lately. The way things are currently it looks like we don't all want the same thing which is bitcoin's price to rise right.

I hope to see some kind of consensus soon.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
so much for quiting bitcointalk.org
i just love the controversy too much!

I didn't believe you'd really leave. You can't really trust that other forum anyway. It's run by cypherdoc.

Not even that, but literally everything there is anti-core, anti-blockstream.

Gets annoying/repetitive after a while.

To me, the Frap.doc forum's knee-jerk anti-CoreStream grumbling only becomes more hilarious as time goes on.

It leads them to ridiculous positions like being anti-CLTV, anti-RBF, and anti-SEGWIT.

Now they want to stop segwit from bumping the tps, after spending the last year moaning about how "we neeeed a tps bump RIGHT FUCKING MEOW, or Bitcoin will surely die alone and unloved like an old cat lady."   Cheesy

And then there's the endless process of failed vanity fork bikeshedding, from XT to Unlimited and now to Satoshi's Altcoin.

That deranged ant farm never gets old.  They're always agitated and scurrying around looking for something to bite or sting.   Cheesy

The frequent pouty meltdowns and whiny rage-quits are priceless.  It's very entertaining when they finally realize they have no power over Bitcoin, and can do nothing to change that fact no matter how much noise they make.

The Gavinistas are so self-righteous and determined, yet so ineffective.  That makes for a perfect comedy of errors!   Smiley

They could simply do an honest self-assessment, admit failing because they don't understand how Bitcoin works, and come back.

But that would entail admissions of error on their part and of correctness regarding Core/Blockstream/Theymos, so it won't happen, and we get to enjoy sweet LOLcow products until the last one suffers their inevitable Hearnia.


I agree with your overall points, Icebreaker; however, it seems that it could take awhile before the masses see through the various bullshit and the multiple weak-ass rage quits.

In essence, you seem to be correct that a lot of them seem to be mad for the mere sake of being mad, and it makes little sense what they are mad about, and they are seeming to cause their own issues, such as they say:  "Let's cause bitcoin prices to fall in order that core compromises with us."  Then they cause prices to fall, and then they say:  "LOOOOOOK!!!!!!!  This is Bullshit that bitcoin's prices are falling!!!!!!!!"    And, they caused the very thing that they are complaining about.  Crazy and contradictory at the same time... and seems to make little to no sense in the real world.

who gives a shit about the masses? certainly not bitcoin eh.


Hahahahaha

Seems like you really got me there.

I agree that bitcoin is a long way from the masses, and likely it doesn't matter what the fuck the masses think because they are going to be largely uninformed.. and not currently ready for bitcoin, yet.

Nonetheless, I think that part of my point was aiming at increasing adoption, speculation and investment and continued bitcoin growth....... from whoever is investing in bitcoin...  there are some people who are fooled, confused, discouraged and mislead by the ongoing screams (even if not rational) of discontentment.    Some of those people are even informed about bitcoin, and after a while, they are going to begin to see through the sky is falling bullshit that is extremely exaggerated and less than logical in it's contradictions and all-over-the placeness.
legendary
Activity: 1260
Merit: 1002
so much for quiting bitcointalk.org
i just love the controversy too much!

I didn't believe you'd really leave. You can't really trust that other forum anyway. It's run by cypherdoc.

Not even that, but literally everything there is anti-core, anti-blockstream.

Gets annoying/repetitive after a while.

To me, the Frap.doc forum's knee-jerk anti-CoreStream grumbling only becomes more hilarious as time goes on.

It leads them to ridiculous positions like being anti-CLTV, anti-RBF, and anti-SEGWIT.

Now they want to stop segwit from bumping the tps, after spending the last year moaning about how "we neeeed a tps bump RIGHT FUCKING MEOW, or Bitcoin will surely die alone and unloved like an old cat lady."   Cheesy

And then there's the endless process of failed vanity fork bikeshedding, from XT to Unlimited and now to Satoshi's Altcoin.

That deranged ant farm never gets old.  They're always agitated and scurrying around looking for something to bite or sting.   Cheesy

The frequent pouty meltdowns and whiny rage-quits are priceless.  It's very entertaining when they finally realize they have no power over Bitcoin, and can do nothing to change that fact no matter how much noise they make.

The Gavinistas are so self-righteous and determined, yet so ineffective.  That makes for a perfect comedy of errors!   Smiley

They could simply do an honest self-assessment, admit failing because they don't understand how Bitcoin works, and come back.

But that would entail admissions of error on their part and of correctness regarding Core/Blockstream/Theymos, so it won't happen, and we get to enjoy sweet LOLcow products until the last one suffers their inevitable Hearnia.


I agree with your overall points, Icebreaker; however, it seems that it could take awhile before the masses see through the various bullshit and the multiple weak-ass rage quits.

In essence, you seem to be correct that a lot of them seem to be mad for the mere sake of being mad, and it makes little sense what they are mad about, and they are seeming to cause their own issues, such as they say:  "Let's cause bitcoin prices to fall in order that core compromises with us."  Then they cause prices to fall, and then they say:  "LOOOOOOK!!!!!!!  This is Bullshit that bitcoin's prices are falling!!!!!!!!"    And, they caused the very thing that they are complaining about.  Crazy and contradictory at the same time... and seems to make little to no sense in the real world.

who gives a shit about the masses? certainly not bitcoin eh.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
so much for quiting bitcointalk.org
i just love the controversy too much!

I didn't believe you'd really leave. You can't really trust that other forum anyway. It's run by cypherdoc.

Not even that, but literally everything there is anti-core, anti-blockstream.

Gets annoying/repetitive after a while.

To me, the Frap.doc forum's knee-jerk anti-CoreStream grumbling only becomes more hilarious as time goes on.

It leads them to ridiculous positions like being anti-CLTV, anti-RBF, and anti-SEGWIT.

Now they want to stop segwit from bumping the tps, after spending the last year moaning about how "we neeeed a tps bump RIGHT FUCKING MEOW, or Bitcoin will surely die alone and unloved like an old cat lady."   Cheesy

And then there's the endless process of failed vanity fork bikeshedding, from XT to Unlimited and now to Satoshi's Altcoin.

That deranged ant farm never gets old.  They're always agitated and scurrying around looking for something to bite or sting.   Cheesy

The frequent pouty meltdowns and whiny rage-quits are priceless.  It's very entertaining when they finally realize they have no power over Bitcoin, and can do nothing to change that fact no matter how much noise they make.

The Gavinistas are so self-righteous and determined, yet so ineffective.  That makes for a perfect comedy of errors!   Smiley

They could simply do an honest self-assessment, admit failing because they don't understand how Bitcoin works, and come back.

But that would entail admissions of error on their part and of correctness regarding Core/Blockstream/Theymos, so it won't happen, and we get to enjoy sweet LOLcow products until the last one suffers their inevitable Hearnia.


I agree with your overall points, Icebreaker; however, it seems that it could take awhile before the masses see through the various bullshit and the multiple weak-ass rage quits.

In essence, you seem to be correct that a lot of them seem to be mad for the mere sake of being mad, and it makes little sense what they are mad about, and they are seeming to cause their own issues, such as they say:  "Let's cause bitcoin prices to fall in order that core compromises with us."  Then they cause prices to fall, and then they say:  "LOOOOOOK!!!!!!!  This is Bullshit that bitcoin's prices are falling!!!!!!!!"    And, they caused the very thing that they are complaining about.  Crazy and contradictory at the same time... and seems to make little to no sense in the real world.
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