may i suggest to invest in vnl 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19758. (Read 26619980 times)
December 25, 2015, 03:13:05 AM
is btc ded may i suggest to invest in vnl
may i suggest to invest in vnl 
December 25, 2015, 03:01:24 AM
Today we expect the publication of the data on initial applications for unemployment benefits, but this shouldn’t affect the market much.
Today December 24, we expect Bitcoin’s price to move in the corridor of $445- $465. The resistance level is $465. The support level is $440
As we can see, both fundamental analysis and technical analysis can not predict the movement of prices in the market accurately. Sometimes we see that the price moves contrary to forecasts, or even common sense. So this is an interesting question – what moves the price, especially the price of Bitcoin?
http://cointelegraph.com/news/115946/daily-bitcoin-price-analysis-strengthening-of-the-dollar-ends-is-bitcoin-growing-again
December 25, 2015, 03:00:27 AM
December 25, 2015, 02:00:30 AM
December 25, 2015, 01:49:23 AM
Ultimately, forum administrators should be able decide whether or not his approach and/or repetitive substance is contributing value or taking away value from the forum and/or this thread.
Absolutely. And the fact that forum administrators have done nothing to curtail BJA's postings should give you a clue.
If it helps, think of it as the invisible hand of the marketplace sending a signal.
A forum is neither free speech nor democratic. It is up to the owner's discretion, unless the forum happens to be run by a government. In this case, this forum is not run by a government, if I understand the situation correctly.
And regarding whether BjA has been curtailed in the past does not limit forum administrators from reconsidering the matter (or even considering the matter de novo, especially if a pattern is detected or if his conduct may have changed in recent times to warrant action(s) and/or consideration(s) different from the past, if any.
December 25, 2015, 01:25:26 AM
Are the severe block size limitation and the plan to switch to Lightning going to destroy all non-monetary applications of the Bitcoin blockchain?
luke-jrLuke Dashjr - Bitcoin Expert [score hidden] 4 hours ago*
luke-jrLuke Dashjr - Bitcoin Expert [score hidden] 4 hours ago*
Quote
There are literally zero legitimate non-monetary applications of the Bitcoin blockchain, almost by definition, so yes, hopefully Lightning and/or other improvements will destroy spam as much as possible.
Proof-of-existence/"notary" does not need to spam the blockchain. Proof-of-ownership does not exist. Coloured coins are monetary and Lightning-compatible (in theory). Voting systems have no sane use of the blockchain. None of these have any reason to be abusing OP_RETURN.
The rare use case which actually needs a blockchain for non-monetary purposes (eg, "BitDNS" aka Namecoin) can just as well use a sidechain.
P.S. One could argue that Bitcoin blockchain was never intended to be used by such services, but that would mean that Bitcoin Core developers' actions lack consistency: first they introduce OP_RETURN, people start businesses, then they say "sorry, no more OP_RETURN outputs".
OP_RETURN was never meant for such abuses, only to commit to a hash of external data tied to a monetary transaction. (And even that is apparently unnecessary now.)
Proof-of-existence/"notary" does not need to spam the blockchain. Proof-of-ownership does not exist. Coloured coins are monetary and Lightning-compatible (in theory). Voting systems have no sane use of the blockchain. None of these have any reason to be abusing OP_RETURN.
The rare use case which actually needs a blockchain for non-monetary purposes (eg, "BitDNS" aka Namecoin) can just as well use a sidechain.
P.S. One could argue that Bitcoin blockchain was never intended to be used by such services, but that would mean that Bitcoin Core developers' actions lack consistency: first they introduce OP_RETURN, people start businesses, then they say "sorry, no more OP_RETURN outputs".
OP_RETURN was never meant for such abuses, only to commit to a hash of external data tied to a monetary transaction. (And even that is apparently unnecessary now.)
December 25, 2015, 01:00:30 AM
December 25, 2015, 12:52:39 AM
am i short?
?!?!!i've never been so "short" ( I don't actually need to borrow someone else's bitcoin to be short) in my life!
MOTHER FUCKING DUMP !!!!!!!
I never realized that there was any such thing as an evil penquin, and I have witnessed it here with my own eyes.
I wished you would learn not to short so frequently, it's not good for your health, especially in a bull market.
December 25, 2015, 12:49:10 AM
If the blocopolypse happens which alt coin will be the best to invest in?
By now, most people should realize that bitcoin is the main game in town, and it is way too early to consider any alt coin, except, possibly for their pump and dump attributes.
we should also realize that BjA is acting chicken little with this fullblocalypse bullshit, and we should not allow such fearmongering and hype to take our eyes off of the prize and we should not prematurely get lured into waste of time pump and dump supposed solutions to problems that do not really exist to any proximate degree that BjA is arguing.
In 2014, alts were a major distraction from bitcoin, and for the most part, we should all stay away from alt coins, unless we have some specific attraction to some alt coin or some coding or programing background that draws us to some specific alt; however, if some hypothetically unlikely fullblocalypse were to come close to occurring, then we can figure it out at that point... because at this point it is a pie in the sky speculation./..
December 25, 2015, 12:14:44 AM
Ultimately, forum administrators should be able decide whether or not his approach and/or repetitive substance is contributing value or taking away value from the forum and/or this thread.
Absolutely. And the fact that forum administrators have done nothing to curtail BJA's postings should give you a clue.
If it helps, think of it as the invisible hand of the marketplace sending a signal.
December 25, 2015, 12:10:45 AM
December 25, 2015, 12:05:37 AM
am i short?
?!?!!i've never been so "short" ( I don't actually need to borrow someone else's bitcoin to be short) in my life!
MOTHER FUCKING DUMP !!!!!!!
December 25, 2015, 12:00:28 AM
December 24, 2015, 11:42:30 PM
BASE TEN MATH
Some day in the near future, Ten or more companies will make 10K transactions or more each. These are your usual suspects: Circle, 21, Coinbase, Bitpay, and some large exchanges.
10 X 10000 =100,000
On that same day, 100 smaller companies are going to make 1K transactions or more each. These are companies like purse.io, bitquick, small gambling sites, smaller exchanges, darknet sales, etc.
100 X 1,000=100,000
Also on that same day, 1000 or more companies will make 100 or more transactions selling goods, remittances, etc.
1,000 X 100=100,000
But we can't forget about the much more common small businesses and individual heavy users who will make ten or more transactions that day.
10,000 X 10=100,000
And then you have people like you and me who may make just one transaction.
100,000 X 1=100,000
So that fills up the entire days worth of blocks and then some, but we still have the light users, the ones who do maybe 1 transaction every 10 days:
1,000,000 x 0.1 =100,000
How many transactions is that? 600K? way too many. So fees creep up. 10% decide that the cost is too high in time or fees and give up. How many left? 500K. still too many. Fees keep going up. Transactions take hours to confirm. This makes some traders nervous, and they start pulling coins off exchanges. Traffic increases by the same 10% who gave up. This makes other people nervous. Coinbase and Bitpay users start to users start to fear their business model is unworkable and move their coins to private wallets. This increases traffic even more. It now takes 10 hours to confirm a transaction.
At this point, Ten of the many, many enemies of bitcoin see an opportunity. For $10,000 in fees, they flood the blockchain with yet MORE transactions, increasing the panic which of course makes even more people want to move their coins around. When they see how effective this attack is, they go for the kill and spend $100,000 to back up traffic for 10 days.
What would happen after that is unpredictable, beyond the singularity. What do you think might happen?
Some day in the near future, Ten or more companies will make 10K transactions or more each. These are your usual suspects: Circle, 21, Coinbase, Bitpay, and some large exchanges.
10 X 10000 =100,000
On that same day, 100 smaller companies are going to make 1K transactions or more each. These are companies like purse.io, bitquick, small gambling sites, smaller exchanges, darknet sales, etc.
100 X 1,000=100,000
Also on that same day, 1000 or more companies will make 100 or more transactions selling goods, remittances, etc.
1,000 X 100=100,000
But we can't forget about the much more common small businesses and individual heavy users who will make ten or more transactions that day.
10,000 X 10=100,000
And then you have people like you and me who may make just one transaction.
100,000 X 1=100,000
So that fills up the entire days worth of blocks and then some, but we still have the light users, the ones who do maybe 1 transaction every 10 days:
1,000,000 x 0.1 =100,000
How many transactions is that? 600K? way too many. So fees creep up. 10% decide that the cost is too high in time or fees and give up. How many left? 500K. still too many. Fees keep going up. Transactions take hours to confirm. This makes some traders nervous, and they start pulling coins off exchanges. Traffic increases by the same 10% who gave up. This makes other people nervous. Coinbase and Bitpay users start to users start to fear their business model is unworkable and move their coins to private wallets. This increases traffic even more. It now takes 10 hours to confirm a transaction.
At this point, Ten of the many, many enemies of bitcoin see an opportunity. For $10,000 in fees, they flood the blockchain with yet MORE transactions, increasing the panic which of course makes even more people want to move their coins around. When they see how effective this attack is, they go for the kill and spend $100,000 to back up traffic for 10 days.
What would happen after that is unpredictable, beyond the singularity. What do you think might happen?
Fullblocalypse?
Yeah, the future speculative situation seems so horrible and frightening under the "base 10 math" outline......
scary, frightening and horrible....
OMG
FULLBLOCALYPSE is coming...
OMG!!!!!!!!!!!
Crypto is dead.....
December 24, 2015, 11:00:41 PM
December 24, 2015, 10:48:23 PM
BASE TEN MATH
Some day in the near future, Ten or more companies will make 10K transactions or more each. These are your usual suspects: Circle, 21, Coinbase, Bitpay, and some large exchanges.
10 X 10000 =100,000
On that same day, 100 smaller companies are going to make 1K transactions or more each. These are companies like purse.io, bitquick, small gambling sites, smaller exchanges, darknet sales, etc.
100 X 1,000=100,000
Also on that same day, 1000 or more companies will make 100 or more transactions selling goods, remittances, etc.
1,000 X 100=100,000
But we can't forget about the much more common small businesses and individual heavy users who will make ten or more transactions that day.
10,000 X 10=100,000
And then you have people like you and me who may make just one transaction.
100,000 X 1=100,000
So that fills up the entire days worth of blocks and then some, but we still have the light users, the ones who do maybe 1 transaction every 10 days:
1,000,000 x 0.1 =100,000
How many transactions is that? 600K? way too many. So fees creep up. 10% decide that the cost is too high in time or fees and give up. How many left? 500K. still too many. Fees keep going up. Transactions take hours to confirm. This makes some traders nervous, and they start pulling coins off exchanges. Traffic increases by the same 10% who gave up. This makes other people nervous. Coinbase and Bitpay users start to users start to fear their business model is unworkable and move their coins to private wallets. This increases traffic even more. It now takes 10 hours to confirm a transaction.
At this point, Ten of the many, many enemies of bitcoin see an opportunity. For $10,000 in fees, they flood the blockchain with yet MORE transactions, increasing the panic which of course makes even more people want to move their coins around. When they see how effective this attack is, they go for the kill and spend $100,000 to back up traffic for 10 days.
What would happen after that is unpredictable, beyond the singularity. What do you think might happen?
Some day in the near future, Ten or more companies will make 10K transactions or more each. These are your usual suspects: Circle, 21, Coinbase, Bitpay, and some large exchanges.
10 X 10000 =100,000
On that same day, 100 smaller companies are going to make 1K transactions or more each. These are companies like purse.io, bitquick, small gambling sites, smaller exchanges, darknet sales, etc.
100 X 1,000=100,000
Also on that same day, 1000 or more companies will make 100 or more transactions selling goods, remittances, etc.
1,000 X 100=100,000
But we can't forget about the much more common small businesses and individual heavy users who will make ten or more transactions that day.
10,000 X 10=100,000
And then you have people like you and me who may make just one transaction.
100,000 X 1=100,000
So that fills up the entire days worth of blocks and then some, but we still have the light users, the ones who do maybe 1 transaction every 10 days:
1,000,000 x 0.1 =100,000
How many transactions is that? 600K? way too many. So fees creep up. 10% decide that the cost is too high in time or fees and give up. How many left? 500K. still too many. Fees keep going up. Transactions take hours to confirm. This makes some traders nervous, and they start pulling coins off exchanges. Traffic increases by the same 10% who gave up. This makes other people nervous. Coinbase and Bitpay users start to users start to fear their business model is unworkable and move their coins to private wallets. This increases traffic even more. It now takes 10 hours to confirm a transaction.
At this point, Ten of the many, many enemies of bitcoin see an opportunity. For $10,000 in fees, they flood the blockchain with yet MORE transactions, increasing the panic which of course makes even more people want to move their coins around. When they see how effective this attack is, they go for the kill and spend $100,000 to back up traffic for 10 days.
What would happen after that is unpredictable, beyond the singularity. What do you think might happen?
Fullblocalypse?
Yeah, the future speculative situation seems so horrible and frightening under the "base 10 math" outline......
scary, frightening and horrible....
OMG
FULLBLOCALYPSE is coming...
OMG!!!!!!!!!!!
Crypto is dead.....
December 24, 2015, 10:24:24 PM
BASE TEN MATH
Some day in the near future, Ten or more companies will make 10K transactions or more each. These are your usual suspects: Circle, 21, Coinbase, Bitpay, and some large exchanges.
10 X 10000 =100,000
On that same day, 100 smaller companies are going to make 1K transactions or more each. These are companies like purse.io, bitquick, small gambling sites, smaller exchanges, darknet sales, etc.
100 X 1,000=100,000
Also on that same day, 1000 or more companies will make 100 or more transactions selling goods, remittances, etc.
1,000 X 100=100,000
But we can't forget about the much more common small businesses and individual heavy users who will make ten or more transactions that day.
10,000 X 10=100,000
And then you have people like you and me who may make just one transaction.
100,000 X 1=100,000
So that fills up the entire days worth of blocks and then some, but we still have the light users, the ones who do maybe 1 transaction every 10 days:
1,000,000 x 0.1 =100,000
How many transactions is that? 600K? way too many. So fees creep up. 10% decide that the cost is too high in time or fees and give up. How many left? 500K. still too many. Fees keep going up. Transactions take hours to confirm. This makes some traders nervous, and they start pulling coins off exchanges. Traffic increases by the same 10% who gave up. This makes other people nervous. Coinbase and Bitpay users start to users start to fear their business model is unworkable and move their coins to private wallets. This increases traffic even more. It now takes 10 hours to confirm a transaction.
At this point, Ten of the many, many enemies of bitcoin see an opportunity. For $10,000 in fees, they flood the blockchain with yet MORE transactions, increasing the panic which of course makes even more people want to move their coins around. When they see how effective this attack is, they go for the kill and spend $100,000 to back up traffic for 10 days.
What would happen after that is unpredictable, beyond the singularity. What do you think might happen?
Some day in the near future, Ten or more companies will make 10K transactions or more each. These are your usual suspects: Circle, 21, Coinbase, Bitpay, and some large exchanges.
10 X 10000 =100,000
On that same day, 100 smaller companies are going to make 1K transactions or more each. These are companies like purse.io, bitquick, small gambling sites, smaller exchanges, darknet sales, etc.
100 X 1,000=100,000
Also on that same day, 1000 or more companies will make 100 or more transactions selling goods, remittances, etc.
1,000 X 100=100,000
But we can't forget about the much more common small businesses and individual heavy users who will make ten or more transactions that day.
10,000 X 10=100,000
And then you have people like you and me who may make just one transaction.
100,000 X 1=100,000
So that fills up the entire days worth of blocks and then some, but we still have the light users, the ones who do maybe 1 transaction every 10 days:
1,000,000 x 0.1 =100,000
How many transactions is that? 600K? way too many. So fees creep up. 10% decide that the cost is too high in time or fees and give up. How many left? 500K. still too many. Fees keep going up. Transactions take hours to confirm. This makes some traders nervous, and they start pulling coins off exchanges. Traffic increases by the same 10% who gave up. This makes other people nervous. Coinbase and Bitpay users start to users start to fear their business model is unworkable and move their coins to private wallets. This increases traffic even more. It now takes 10 hours to confirm a transaction.
At this point, Ten of the many, many enemies of bitcoin see an opportunity. For $10,000 in fees, they flood the blockchain with yet MORE transactions, increasing the panic which of course makes even more people want to move their coins around. When they see how effective this attack is, they go for the kill and spend $100,000 to back up traffic for 10 days.
What would happen after that is unpredictable, beyond the singularity. What do you think might happen?
Fullblocalypse?
December 24, 2015, 10:23:24 PM
my guess is around 600-800 when the halving occurs.
i think our crazy bubble days are over, and more of a steady climb has become the norm.
this is good, the bubbles were way too stressful.
i think our crazy bubble days are over, and more of a steady climb has become the norm.
this is good, the bubbles were way too stressful.
I don't agree, i think mega bubble is coming in coming months...Bitcoin is still too small market to be steady for 100% of time...
Yep .... exactamente.....
These various posters who prognosticate that bitcoin has reach some kind of stability or slow growth are living in a kind of fantasy land that ignores the actual state of bitcoin.... anything is possible in bitcoinlandia, but slow and stable seems to be less than a 5% chance, and maybe i am being even a bit too generous to put the probabilities that high?
If you look at the recent charts regarding volume and activity and market cap and development and which entities are taking an interest in bitcoin, you will recognize that stability is definitely low in the realm of probabilities in bitcoin's short or medium term future.... and slow growth is also a very low probability in its short or medium term future.
Surely, I would not mind some slow and gradual growth and maybe even some guarantees of such, but that description is out of this world and not the current state of bitcoin... sad to say, and happy to say, at the same time because like many of us following these forums, I have been accumulating bitcoin over the past couple of years, and if you are reading this post, but you have not been accumulating, it is certainly not too late to get started, especially while BTC prices remain in the triple digits.
We are not guaranteed that violent and explosive upwards growth is going to occur right now or even in the coming 12 months because there is a lot of potential for big money to really attempt to continue to drive prices down, as was done in about the previous 18 months or so... but nonetheless at this particular moment, the various variables do seem fairly well poised for a shot at some potential upward explosiveness.
I think that fact of actual state of bitcoin (total tx/sec, blocksize, mass adoption) atm is exactly why btc price will be limited.
but even then i agree that at next halving btc price will reach at least 500-800. and if btc getting more mass adopted within next 4-10 years, maybe 50k, 100k per bitcoin.
Surely you and I have differing views regarding bitcoin's current state of affairs and that effect on future price probabilities and maybe even what affects BTC prices, and there is certainly nothing wrong with having differing views.. and I certainly appreciate reading differing views on this forum.
hopefully, if we have really considered our views regarding the future likelihoods of bitcoin, then likely we are going to posture our current investments into BTC (or not) according to our view of it as compared with other possible investments that we may have available to us.
yes i think we agree that we are different kind of bull
im mid-long term bull
btw Merry Christmas to everyone
I think that I'm poke-a-dotted and you are striped..
December 24, 2015, 10:00:27 PM
December 24, 2015, 09:53:31 PM
my guess is around 600-800 when the halving occurs.
i think our crazy bubble days are over, and more of a steady climb has become the norm.
this is good, the bubbles were way too stressful.
i think our crazy bubble days are over, and more of a steady climb has become the norm.
this is good, the bubbles were way too stressful.
I don't agree, i think mega bubble is coming in coming months...Bitcoin is still too small market to be steady for 100% of time...
Yep .... exactamente.....
These various posters who prognosticate that bitcoin has reach some kind of stability or slow growth are living in a kind of fantasy land that ignores the actual state of bitcoin.... anything is possible in bitcoinlandia, but slow and stable seems to be less than a 5% chance, and maybe i am being even a bit too generous to put the probabilities that high?
If you look at the recent charts regarding volume and activity and market cap and development and which entities are taking an interest in bitcoin, you will recognize that stability is definitely low in the realm of probabilities in bitcoin's short or medium term future.... and slow growth is also a very low probability in its short or medium term future.
Surely, I would not mind some slow and gradual growth and maybe even some guarantees of such, but that description is out of this world and not the current state of bitcoin... sad to say, and happy to say, at the same time because like many of us following these forums, I have been accumulating bitcoin over the past couple of years, and if you are reading this post, but you have not been accumulating, it is certainly not too late to get started, especially while BTC prices remain in the triple digits.
We are not guaranteed that violent and explosive upwards growth is going to occur right now or even in the coming 12 months because there is a lot of potential for big money to really attempt to continue to drive prices down, as was done in about the previous 18 months or so... but nonetheless at this particular moment, the various variables do seem fairly well poised for a shot at some potential upward explosiveness.
I think that fact of actual state of bitcoin (total tx/sec, blocksize, mass adoption) atm is exactly why btc price will be limited.
but even then i agree that at next halving btc price will reach at least 500-800. and if btc getting more mass adopted within next 4-10 years, maybe 50k, 100k per bitcoin.
Surely you and I have differing views regarding bitcoin's current state of affairs and that effect on future price probabilities and maybe even what affects BTC prices, and there is certainly nothing wrong with having differing views.. and I certainly appreciate reading differing views on this forum.
hopefully, if we have really considered our views regarding the future likelihoods of bitcoin, then likely we are going to posture our current investments into BTC (or not) according to our view of it as compared with other possible investments that we may have available to us.
yes i think we agree that we are different kind of bull
im mid-long term bull
btw Merry Christmas to everyone
Jump to: