Most of the blocks are full these days due to the high volume of transactions that is happening.
I do not know what is right for the block size but I believe it needs some upgrade soon
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19592. (Read 26608322 times)
January 16, 2016, 08:07:09 AM
January 16, 2016, 08:01:46 AM
January 16, 2016, 07:49:48 AM
The volatility IMO is due entirely to the hard fork. A big player (likely miner) sold at 450 because they know what is coming.
Expect price volatility to be much higher for a bit whilst the market tries to understand the ascent of Classic over Core in the upcoming hard fork.
I think we get short term negative price action followed by a huge relief rally leading up towards the halving.
Be careful with leverage because I wouldnt put it past some rabid small-blocker-early-adopters to dump thousands of coins in a futile attempt to prevent miners switching to Classic (though that is now almost fait accompli).
'lel' to brg444, marcus of augustus and all those who thought they knew better than the market.
Expect price volatility to be much higher for a bit whilst the market tries to understand the ascent of Classic over Core in the upcoming hard fork.
I think we get short term negative price action followed by a huge relief rally leading up towards the halving.
Be careful with leverage because I wouldnt put it past some rabid small-blocker-early-adopters to dump thousands of coins in a futile attempt to prevent miners switching to Classic (though that is now almost fait accompli).
'lel' to brg444, marcus of augustus and all those who thought they knew better than the market.
January 16, 2016, 07:25:51 AM
well what is the right interpretation ?
people selling because they are scared, or something "inside" BTC protocol couldn't work as programmed?
(see block size debate?)
January 16, 2016, 07:01:47 AM
January 16, 2016, 06:48:56 AM
I think that a decrease in rewards definitely will be played by the market and is likely to be catalyzed by the wild nervousness and expectation of earnings. Traders and financial sharks should not miss this chance, which happens once every 4 years. So bubble - a matter of time and its value. But of course everyone wants buy cheaper, and therefore pressured the price.
It is also interesting how wildly really affect a decrease in demand in the market. We'll know this year.
It is also interesting how wildly really affect a decrease in demand in the market. We'll know this year.
January 16, 2016, 06:01:44 AM
January 16, 2016, 05:57:23 AM
"There is time to buy and time to sell" - Einstein (maybe) 
Now it is time to buy
Now it is time to buy
January 16, 2016, 05:51:37 AM
Funny how every "doom, bitcoin is dead" guys just want to buy back cheap coins, and they always got rekt by the elite and their minions... 
My advice, collect some coins and put it in your wallet, store your priv key in few secure places and enjoy the life for some years, when the elite that control the money from thousand of years decide to trigger the next "reset" (that will be soon) bitcoin will be the choice, then have fun.
Never try to play with your coins for few bucks you will lose everything, and dont trust anyone they just want your coins.
My advice, collect some coins and put it in your wallet, store your priv key in few secure places and enjoy the life for some years, when the elite that control the money from thousand of years decide to trigger the next "reset" (that will be soon) bitcoin will be the choice, then have fun.
Never try to play with your coins for few bucks you will lose everything, and dont trust anyone they just want your coins.
January 16, 2016, 05:48:25 AM
Bitcoin "Classic"! What a stupid name. Logically there's nothing really classic about it. They should have spent a little more time thinking up a proper name at least.
It's called Classic because it is was inspired by Satoshi's scaling solution. And is in keeping with his vision for a Peer-to-Peer Electronic Cash System.
Bitcoin classic is BIP 102
Summary of differences between core+segwit and classic now -
Classic - BIP102
Effective 2MB block capacity + possibly removing RBF + possibly versionbits
5 developers maintaining
Core
Effective 1.75-2MB Block capacity
Version bits
Both are good.... but Classic isn't that exciting now that they decided to remove 2-4 + segwit as an option.
Regarding your dev numbers, most of those guys have no financial gain with blockstream, so will follow where the action is.
And again, your figure for Classic is wrong. But if that's a figure that helps you sleep at night, then go for it.
January 16, 2016, 05:46:46 AM
Let's see how the recovery unfolds, if any. It might bring back the memories of the arrest of Ross Ulbritch to the market if a steady rise ensues.
indeed, it feels lot like the set-up and action at that time ... of course it was the watershed washout moment that began the true beginning for the big wave that followed.
this could be one of those moents when a buy now will turn out to change your life in the not too distant future ... who knows bitcoin has done it exactly like this before.
Albricht and Hearn are much more alike than they would imagine.
January 16, 2016, 05:43:59 AM
... I asked you how you plan to do that with less than 25% of the hashrate of Classic.
Obviously you're slow. I'll repeat it once again for you. We'll stick to main bitcoin branch. Period.
You're free to fork it under whatever name you wish - XT, ClassicBitcoin, UnlimitedBitcoin whatever. Percentage of current hash rate you'll take after forking is irrelevant. Bitcoin doesn't care. Bitcoin existed and flourished with far less hash rate few years ago.
Jesus, fella, you simply don't get it do you? At the risk of sounding a little "Do You Even?", do you even understand the basics of how bitcoin achieves consensus? Its not a brand, its a group statement. Raging on the sidelines with your ball in your hand wont stop the game.
Bitcoin will continue without you. Thanks for your time.
January 16, 2016, 05:42:07 AM
imho we hardly go much lower than this (but the next 24 hours...)
January 16, 2016, 05:34:54 AM
Let's see how the recovery unfolds, if any. It might bring back the memories of the arrest of Ross Ulbritch to the market if a steady rise ensues.
January 16, 2016, 05:27:52 AM
We know Bitcoin is volatile.
This is a bit brutal though. Time to buy yet?
There is blood on the streets.
This is a bit brutal though. Time to buy yet?
There is blood on the streets.
Show Me the Bottom!!!
Been burned twice already trying to 'pick' the bottom, but this fucker keeps plunging...although the last plunge, seemed nothing more than Stop Run. (the cunts got my Stop anyways)
Sentiment is very negative, If this seems to be a V type bottom, then it aint the bottom. Daily EMAs have crossed bearish for the first time since Aug 2015.
https://www.tradingview.com/x/FFKSUHQh/
No rush to go long Bitcoin. If $352 was the bottom, and you wanted to play the bounce, then Inverse H&S should play out here.
January 16, 2016, 05:15:10 AM
We know Bitcoin is volatile.
This is a bit brutal though. Time to buy yet?
There is blood on the streets.
This is a bit brutal though. Time to buy yet?
There is blood on the streets.
January 16, 2016, 05:05:11 AM
Bitcoin Classic
She should roll a at least a few hundred feet before...
January 16, 2016, 05:01:45 AM
January 16, 2016, 04:57:26 AM
Bitcoin Classic
January 16, 2016, 04:47:42 AM
100% filled block and price on the downside, not a good morning for me at the moment.
I need some coffee to wake up and analyze WTF happened tonight
Also note the subtext. We had one block found in an hour. It took *three* blocks after that for the backlog to clear. Then we had an hour with two blocks.
An artificially low block size limit means that backlogs won't clear quickly, no matter what fees are in use. The only answer is some stupid bidding war apparently.
Oh shit I did not see that at all, thanks for pointing that out and I think you are right on this one
Quote
The only answer is some stupid bidding war
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