Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19504. (Read 26619944 times)

Called that ETH short like a boss!



Now, will Bitcorn follow the priming with some evolution??

I don't see any issues with profitability from my vantage point! Of course I will pumping the profits into projects with real business models...

Like I tweeted @ohyperjacked the other day...the alt bull market is coming!


Disclaimer: Buckle up its gonna be a bumpy ride

Sure nice to know Bitcoin is in good hands.

problem: bitcoin cannot scale..... that means it is bitcoin that is the risk..... as it stands we were told mid february XT would fork us into scale.... thats not happening... the talk is GIMP ... the truth of the matter is bitcoin has a very serious flaw.. it cannot scale.. therefore.. it cannot be used as a currency.......... meanwhile we are preping for the inevitable reset: http://plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=281

Nor do we know at what price, in dollars, the price will be set, or how it will be set. However, given the truly astronomic amounts of debt in existence, a very high price will be necessary to "liquefy" i.e. make payable remaining debt, whatever the amount remaining after the purge which is now in process. The very high price of gold will mean that all debt instruments will be subject to large losses in terms of gold value. The revaluation of gold will reduce the weight of the present debt overhang upon the world.

luke-jr -1 points 1 day ago
The modern "Israel" is, like all other modern governments, merely a tool of Satan's

Dafuq?!

Coin



Explanation

Sure, some of you goofballs are going to be attempting to time the market, and believe that you are making a killing when you dump all your coins at $949.83...

But, the smarter ones are going to ride out some of the waves and make sure that they are hanging onto some coins.

Playing all or nothing remains a very risky proposition... surely sometimes you can make out real well, but it is not a very good longer term strategy.. especially regarding bitcoin and its various unexpected exploding outbursts..

I do, sometimes, recognize some value in showing various performances of alt coins, because there can be some connection with pumping and dumping... because bitcoin is frequently used as a means for quickly transferring value between coins...


We can contrast meaningful discussions of alts and their relationship with bitcoin to some of those scammer posts that merely come into the bitcoin thread for publicity and to pump their coin.. and even at the same time unreasonably and without justification denigrating bitcoin in order to prompt folks to put some money into their alt...

I found this bitcoin article to be insightful and informative,


http://www.breitbart.com/tech/2016/01/25/bitcoin-not-dead/

The article puts some perspective on the various seemingly emergency attempts at pushing for bigger blocks with the mining of bitcoin... and that those attempts at bigger blocks seem to be intended to make an emergency are likely ways to cripple/undermine decentralized aspect of bitcoin in various regards.

With the author's initial classification of bitcoin as a currency, recently, I have been becoming a bit irked with those kinds of comments to attempt to classify bitcoin as a currency.

Surely, the author is very bullish and positive about the real paradigm changing peer to peer aspects of bitcoin, and so he does not imply anything negative in his assertion that bitcoin is serving as a kind of currency.

I would suggest that even though bitcoin has some currency attributes, bitcoin remains way too new in size and familiarity and infrastructure to really compete in any kind of meaningful way like any kind of real and regular currency (even though it does have some aspects of currency, for sure)..

In my current thinking, bitcoin remains way too small to really fit the currency definition, so for me, the term “currency” is a bit too imprecise, yet, it seems that years from now, if bitcoin continues to expand, bitcoin could become a very real contender in various currency circles.. and surely become a paradigm shifting form of medium of exchange and storage of value, and surely bitcoin’s various strengths is one of the perceived threats of bitcoin and that is something that seems to becoming more and more unstoppable and worthy for some legacy financial institutions to consider ways to fight bitcoin and to make various attempts at undermining bitcoin because bitcoin continues to threaten legacy financial institutions in profit generation.   

I was checking which exchanges had the most volume on coinmarketcap, and an exchange I have never noticed before called Jubi has the highest volume for some coins. BTC38 is the other high volume exchange today. If it's a pump group responsible it seems to be a Chinese group pumping mostly on Chinese exchanges. They must already have vast profits which could damage Bitcoin's price if they convert to fiat.

Infinitecoin

1   Jubi   IFC/CNY   $ 51,628   $ 0.000009   92.69 %   
2   BTER   IFC/CNY   $ 3,168   $ 0.000009   5.69 %   
3   Poloniex   IFC/XMR   $ 718   $ 0.000009   1.29 %   
4   BTER   IFC/LTC   $ 187   $ 0.000009   0.34 %   


Vertcoin

1   Jubi   VTC/CNY   $ 89,361   $ 0.043608   83.72 %   
2   Poloniex   VTC/BTC   $ 9,199   $ 0.039420   8.62 %   
3   Bittrex   VTC/BTC   $ 4,744   $ 0.039227   4.44 %   
4   BTER   VTC/CNY   $ 2,787   $ 0.036467   2.61 %   
5   BTER   VTC/BTC   $ 602   $ 0.039101   0.56 %   


Dogecoin

1   BTC38   DOGE/CNY   $ 2,699,170   $ 0.000369   63.06 %   
2   Jubi   DOGE/CNY   $ 596,870   $ 0.000380   13.94 %   
3   Poloniex   DOGE/BTC   $ 524,357   $ 0.000347   12.25 %
4   Bittrex   DOGE/BTC   $ 167,072   $ 0.000355   3.90 %
5   BTER   DOGE/CNY   $ 75,496   $ 0.000349   1.76 %
6   BTER   DOGE/BTC   $ 73,332   $ 0.000355   1.71 %

My take on short term outcomes:

Classic Adopted =  BIG price DOWN short term - Many early adopters/core supporters might sell. Core attacks/New Pow/ Bad press.

NO Consensus = NEUTRAL short term -  Price be determined via natural demand/supply & TA

Classic Rejected = NEUTRAL to Small Price UP short term - Uncertainty within the Market will be cleared "temporarily".

FYI, I believe classic is the way to go.

Bitcoin is unsafe is what it is!

That's 33.447 transactions too many.

Practically, except those who overshot the fees at the bottom of the chart, everything included are cheap txs. There is nothing expensive at sub-10cents (not that 10 cents are expensive). The 14% is just ultra-cheap / near zero cost and most of the rest are slightly above ultra cheap.

If you have an average of even 30 satoshi per byte, then 1megabyte will cost ~0.3btc, a gigabyte 300 btc and a terabyte 300k BTC.

That's just 120mn USD for fucking up the blockchain / bloating it 15x upwards, while the marketcap is valued at several billions With half the fees (15 satoshi), it goes to 60mn usd for a 1TB attack. With larger blocks it becomes much easier and faster to accomplish if miners don't start cutting the trash off.

With "cheap storage" like this, even a third party enterprise can come aboard and say I'll use the Bitcoin blockchain for distributed storage of 50-100-200 GB for the X or Y application where I'll be using modified clients to pull out the data. And yeah, I'm willing to pay your peanuts in fees to do that, why not.


10, 20, 40, 60 s/B, are all peanuts - not serious fees. 1c, 2c, 5c, 7c it's all way too cheap.

But if you can get away with abusing the network with the lowest possible cost, why not.

It's happened plenty of times in the past too. It's often orchestrated by pump groups who then run away with vast profits. I can't see much has changed and if I was laundering I'd be using something dependable like LTC.

what will the outcome of bitcoin classic have over the actual up and down price?

Yep, it can be a bit curious regarding how, from time to time, thee rates on the various exchanges change in one direction or another, and surely, can cause various arbitrage opportunities,  especially, if the difference is either just coincident or inaccurate perception matters....

if the recent dev who quit bitcoins and has dumped all his coins is behind this, i *may* have an idea about the strategy he is using. let me breakdown (its still just speculations)

since he has sold all his btc he has liquidity, plus he is now on the banking side. which means he may or may not use his insider knowledge to push bitcoins down to the drain (as bankers have always been trying to do)

so what he *might* have proposed to the bank is the only way to make people less attracted to bitcoins is by pulling its price down, how to pull it down is by pushing altcoins up. pushing altcoins up will make people more interrested in altcoins than in bitcoins thus dropping its price stability (more or less stability it was having at $400+)

then when bitcoin price is totally at a point people wont be interrested in and altcoins price have risen over bitcoin price, they *might (if they did buy) * just flush all the altcoins down the drain and that would be more or less the end of the cryptocurrency era until something else happens which makes it resist.

possible people who will be profitable with this scenario is the dev who is now working with the banks and the banks since they will buy very low and sell very high.

well of course i may not have enough knowledge about cryptocurrency to be exact in my claims but if we speak about "finance" this is how its running in my mind for a possible explanation about whats happening.

there is also the fear that btc will go below $380 in the mind of people. if btc doesnt stabilise at $400+
i myself will start panicking since i recently (few months ago) bought a lot at $221 and $238

now if its at $380 i will still be 100$+ profitable over each btc i have but speaking about finance and profitability, for me its a $25 loss that i will be looking at. and i will start dumping with the crowd who will most probably be doing the same at $380.

Chinese Mining Pools Worried About Immature Segregated Witness Proposal

http://www.newsbtc.com/2016/01/26/chinese-mining-pools-worried-about-immature-bitcoin-core-block-size-proposal/


As if the Bitcoin community was not sick and tired of the ongoing block size debate just yet, it looks like the Chinese miners have come to a consensus of their own. The plan is to reject any forking of Bitcoin that does not gain 90% consensus or more while still favoring a 2 MB block size increase. During a recent meeting between mining pool operators, various security concerns associated with Segregated Witness were raised. It looks like Bitcoin Classic is winning this “race”.

i'll stab at it... because bitcoin is in can't scale but the halving gimp mode ?? #gimpcoin