Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19362. (Read 26610996 times)

$3.00 just to move money currency ?? #outrageous #abusivehightaxes #weneedMagnaCarta

indeed 3$ is exaggerated. my point was that TXs bigger than just a few $s will most likely have no issues in an eventual TX-jam.

It would be interesting to see your source for this. 

Surely there may be some discussion of various hardfork possibilities, but when push comes to shove, there seems to be no need for a hardfork, if a very large majority are already inclined to agree to the change from 1mb to 2mb (if that is what you are talking about).

On the other hand, if they feel that there is a need for a hardfork, because there are other controversial provisions, then that would be a different story.

At this point, a hard fork seems far from inevitable, and even though this is a speculation thread, when we are talking about something that is not even currently on the table, it seems to be quite "out there" - even though technically still within the realms of speculation.

ANY blocksize increase will require a hard fork, Numbnuts. The issue at hand is whether or not a contentious hard fork will be necessitated by Core dragging their heels.  The consensus-based governance mechanism is broken.  Maxwell and crew do not know business or economics. The problem with most people who do not know economics is not that they are ignorant, but that they believe in economic models that are incorrect.  It's not like physics. Economics is counterintuitive and people with the least amount of bias and a lack of intellectual rigor almost always get it wrong.  Smart people are often the worst offenders because they assume competence in one field automatically translates into the economics field, but it doesn't.

There is no such thing as a free lunch. The closest we can get is improved efficiency, and Core is intentionally making Bitcoin less efficient because reasons.  There is a cost associated with this.  If you pay higher fees OR you pay by waiting longer, that cost is taken out of price. That's why the 5 year logarithmic uptrend is broken.  This matters much more than some lame $30 pump. That is transient.

All of my most recent transfers of BTC over the past 6 months or so have included a transaction fee of between .0001 and .0002 BTC, which was generally between $.07 to $.09, and varying transaction sizes of .045BTC and 30BTC..., so your description of a possible $3 transaction fee seems to be quite excessive and outside of actual expected experiences... and really, there may be a bit of an incentive to transfer larger amounts because the transaction fee is the same no matter the amount transferred.

not going to happen.. it will crash right back down to 360m- 370 cuz the pumpers cant maintain higher .. this pump reminds me of how they used to crash pms after someone would talk trash.. they would do it just to discredit that person.. and we would all BUY more ... lol . ...i talk TONS of trash not because i am losing... but rather... because i am WINNING and continue to win.. i have a Win Win position . ... and the desperate govy desperately pumping bitcoin while mulling over negative interest rates for the USD after their 1/4th interest rate hike FAILURE keep LOSING. negative interest rates is the final act of desperation by the federal reserve... .. the 'interest to infinity' debt slavery system of the 'in god we trust' usd is FAILING...  and as the 'interest to infinity' debt system begins its final gasps for breathe.. bitcoin can't even scale....

Coin



Explanation

or NOT.. until it is fixed it still isn't... the constant talk about the fix its right around the corner is like janet yellen telling us negative interest rates is the new fix while it has never even been tested... #GimpedCoin

And it was good.

retard .. peeps like billyjoe keep coins in cold storage... i think $400 is break even for me..  all we gotta do is ride out obama another 10 months and wait for the cia leadership shuffle and wala all new ballgame.............. #GimpedCoin

I didn't know that the Chinese were pushing for anything. A 1MB increase certainly wouldn't be unwelcome in any case.

Yeah, right, whatever.   


The last six months regarding the average block size look pretty stable to me, with a slightly upward trend in the chart.. and that upward trend in the approximately 60% capacity arena potentially could be nearly completely resolved by seg wit.

https://blockchain.info/charts/avg-block-size?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

After seg wit goes into effect, then we can assess the situation and regroup... ..

In other words, transactions etc seem to be going pretty well on the technical side of bitcoin, and maybe some of the public is coming to realize that there are really not any technical problems in bitcoin, and accordingly, if you keep doubling down in selling your supposedly existing coins based on these upward BTC price movements, we may be relieved of you from bitcoin and your baloney posts very, very soon.     

However, I understand when you a guy is dealing with fictitious coins, he really doesn't ever run out of coins.


On the other hand, if you do happen to have some coins, and you really are selling them as you claim, then I can imagine you sticking around the forum, after you have run out of coins and while BTC prices go past $450 and then $600 and then $800 and further into the $2k to $5k price arena, and then you will continue to participate to attempt to talk down BTC prices in order that you would be able to get back in at a lower price than your sell prices in the $200s to $400s.  And, when prices drop from $3800 to $1800, you will stick out your tongue and proclaim that you were right all along. blah blah blah.

I remember, not that long ago, you were supposedly selling considerable amounts of BTC while the prices were below $280 and arguing that BTC prices were going down?  but that strategy did not go too well, right?

yep +1.. bitcoin has become a desperately manipulated pumped pumped joke.. they have to keep it pumped or this thing would sink like a rock from its failures to troubleshoot problems in a timely matter ... if it ever really gets fixed... the fix might break something else.. we dont know yet cuz we cant even get there.. only thing they do is TALK about what they are going to do .. they been talking about the fix is right around the corner for NINE MONTHS .. while they desperately keep it pumped... only uninformed idiots would choose this as a safe haven over gold and silver atm .... which is why as janet yellen starts throwing around the idea of negative interest rates like it is some kind of ammo, the smart people we see through her desperation and start piling into REAL safe havens of gold and silver like they did this last week .......... #GimpedCoin

afaik (chinese) miners are determined to HF to 2MB. so i dont see is as "inevitable" but i expect it to happen.

why buy something that is not only broken (cant scale), the programmers talk about a fix for NINE MONTHS and nada happens except more talk and more pumps... and we can expect this nonsense everyime something happens....... #GimpedCoin           ..................... instead, can buy gold and silver that doesnt have all the drawbacks of bitcoin as a REAL safe haven............. instead of this phony #GimpCoined safe heaven. what a joke.

the question is: will confirmation times for bigger transactions (lets say 100$+) really take longer? i mean if i want to transfer for example 5 BTC to an exchange i just make the fee 3$ or whatever and that's it!

the only TXs that will really suffer are the small and micro ones.

@ImI:  Why do you keep framing the issue as if a hard fork is inevitable?  Why is a hardfork needed in the first place?  I think that threatening and even engaging in action to employ a hard fork is what causes so much contentious behavior from a large number of persons who become more entrenched in their positions because the solution is framed as being a hardfork.

There seems to be no reason for a hardfork, except one that strives to fundamentally change bitcoin's currently existing consensus based governance mechanism. 

We're already seeing blocks fill up on this pump. I'm curious as to how a rally can be sustained when confirmation times take hours.

5 out of the past 7 weeks have had relatively low volume, and that includes this week.

I mean, really, we have a bit of an upward movement in price, but that upward move, so far, has not been coming with any considerable and/or meaningful increases in volume.

Now, on the other hand, if the price continues to increase and we begin to see some increase in volume, then we will possibly begin to see some price direction.

I am a bit suspicious, however, of the weekend, and if we really can experience anything greater than a 2-5% (seemingly upward) change in the price based on the current situation and the extended period that the price has been in the upper $300's price territory.

If we begin to see volumes of 15k coins for 2 or 3 days in a row on bitstamp, then I will start to consider that volume may be going up, and with higher volume we got a bit of a better sense which direction we are going to be going (maybe up), and if the price is going to be able to stay up.

If we do not experience the higher volume, then it seems that any whale can perform a 1,000-5,000 k dump on stamp and potentially completely stop or reverse an upward price movement.

Insert latest alt to thicken and engorge - blame small blocks.

Wait until next alt stiffens - blame small blocks.

Er, no big alts are rising. Scrabble around and find a 30% rise on GreasyTitWankCoin with a $12 daily volume - blame small blocks.