Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19581. (Read 26608075 times)

i wasn't sweating my balls off, i've been doing good... i was writing a bot, which was has turn out nicely he is busy scraping 1% while helping me manage my position. just needs a few tweets


if it hits 333$ ill be buying

i'm more or less closed my position now.

opening a long  



... and Boy could i go looong, swinging in fiat right now Muhahahahaha

How much did you buy your account from the original owner for? I don't remember you being that emotional nor negative.

It's funny how the dev side has more small blockers, while the speculation side is almost entirely large blockers nowadays.  Why is this?  Because the dev side doesn't understand markets.  People evaluate stocks by things like cash on hand and future expansion prospects.  If blocks are full, this is bad for speculators because you're no longer getting price appreciation from increased utility, but relying entirely on things like Gresham's law to push the price up for your artificial scarcity tokens with people hoarding it.

Relying on price appreciation through artificial scarcity of coin count and block space is a magician's trick.  It may or may not work, because as we all know, things like Litecoin and a million other altcoins exist.  No matter what you believe is the proper technical solution to the problem, the wise speculator, economist, or even honest human being is going to prefer to increase price via increased utility rather than increase solely by trying to recruit people to invest more.  If you're not increasing utility, that's the point where it does turn into kind of a scheme.  Unless you're going to try and claim the markets currently have vastly undervalued Bitcoin, but that's a different argument.

Things like Lightning Network will increase utility a lot by increasing throughput, the only problem is, it's currently nowhere to be seen.  People demand an increase in utility now, otherwise they feel stupid to invest or tell others to do so because it seems like a greater fool theory when utility is not increasing.  This is what the devs do not understand, and Segwit is kinda too little, too late.  This is the reason why I believe the blockchain does need an increase, to allow expansion until something like Lightning Network is released (assuming it works).

The bottom line is, due to the factors cited above, an increase in block size can really only be beneficial for price, assuming it didn't infringe upon decentralization, and you would need very big blocks to centralize things more in comparison to the size of mining pools that already exist.  Whether you're trying to avoid the greater fool theory, or if all you care about is making money and don't give a shit about anything else, you're going to be in the large(r) block camp.

There does seem to be a considerable tendency in this thread to get caught up on the big block small block discussions, which I suppose has some relation to the walls, but from time to time does get to be a bit much... and even seemingly tangentially related to wall observer speculations...  rather than some more relevant discussion regarding  putting forth various price theory and wall speculations.


Really, I was of the opinion that we were probably not going to witness prices below $390.. and even reaching as low as $351 was a bit of a surprise...   and certainly, we are not out of danger yet of potentially even lower prices in the coming days.....

If we could get a fairly volume heavy rebound above $410-ish, I would feel a bit better in assessing $351 as the bottom.

Whether the trend is up or down depends upon your starting point..., no?

And this is your contribution to the debate? I think I may have overestimated some of you people.   

How much did you buy your account from the original owner for? I don't remember you being that emotional nor negative.

It sure is nice, sitting here lending out my fiat at >%20 annual return. I don't have to worry about dumps, crashes, hard forks or network congestion failures.  I don't care if it goes up, either, because that just boosts the interest rate I get paid.  

bitcoinclassic
kindof a joke...

I look forward to blocksize incress i have debated the issues for  years now! i'v been on both sides of the debate ...  cant wait!

wtf is this bitcoinclassicy thing?

lol wtv

Will you shut up already.  Just the other day you were whinging about having your life savings tied up in the market, mere weeks after you claimed you had sold off most of your coins and working on the rest.

You're full of shit and not fooling anyone.

Will you shut up already.  Just the other day you were whinging about having your life savings tied up in the market, mere weeks after you claimed you had sold off most of your coins and working on the rest.

You're full of shit and not fooling anyone.

It sure is nice, sitting here lending out my fiat at >%20 annual return. I don't have to worry about dumps, crashes, hard forks or network congestion failures.  I don't care if it goes up, either, because that just boosts the interest rate I get paid.