Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19974. (Read 26609155 times)

seem legit.... if that so  it mean 500 460 again soon  

You're late to the party!

Coin



Explanation

Wouldn't we have to get to $500 before we'll see a handle?

That supposed volume on Huobi is complete and utter bullshit.  Look at all other exchanges in comparison.

Cup formed? Handle incoming?

Squeezing the shorters on the way past $400 be like

 The $300s bores me. Give me the $400s $500s $600s $1800s.

Coin



Explanation

Why has no one posted a dino-chart lately?

Whatever happened to the MagicMexican guy....  I miss dinosaurs with great hats.

*sigh*

Nostalgia ain't what it used to be....

I seriously thought about selling yesterday. This is why I don't trade.

I'm watching the Scaling Bitcoin speakers and the infosec guys don't quite seem to grasp economics in the same way most people get econ wrong. They don't seem to understand that it is a specialized field as much as infosec is and requires base assumptions different than what is commonly understood. 

Total mining reward = (blockreward+transactionfees)*exchange rate

The added benefit of marginally higher transaction fees is dwarfed by the other two factors in the equation. What this means is that The incentive to selfishly mine very large blocks is LOWER than the risk of those blocks being orphaned most of the time.

Large miners have more of an incentive to selfishly mine large blocks than small miners, nut--and here's where economics comes in--Miners AND investors don't just care about competition, we also care about POTENTIAL competitors enough to affect our behavior.  A network that is at or nearing capacity can potentially lose market share to one that isn't. A miner selfishly mining big blocks runs the risk of competitors joining together to orphan those blocks as well as new big miners wanting in on all the easy money. 

Cartels don't work in the free market in the long run because the greater the reward for anti-competitive behavior, the greater the incentive for individual cartel members to defect. This is why OPEC is selling oil for $40/BBL.  It's why labor unions (labor cartels) are dying in the private sector and only growing in the public sector. 

The only way cartels CAN work ultimately is for there to be some kind of artificial enforcement mechanism such as BIP100 or "intellectual property" law. 

Coin



Explanation

1HR SAR just flipped. BTCitcoin go up now.

Good morning Bitcoinland. Still in the $390s I see.

Yesterday's gains seem to be holding, for now. Hopefully we'll be back over $400 at some time today, but we may have to wait until China wakes up.

Mmm coffee. Gotta wash away the cobwebs. 

That arstechnica story doesn't mention the word bitcoin. Where did you find out another ~300k BTC may be auctioned by the feds?

I looked at that bitcointalk link you posted and couldn't find anything about a possible future auction there either. The thread has hundreds of posts in, and I could have missed something, but there's nothing in the latest posts.

Coin



Explanation

At least we are above than 1 year ago and with no signs of fall.

It is something, at least