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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20463. (Read 26707030 times)

legendary
Activity: 2338
Merit: 2106
she: what are you doing honey?

me: just checkin the charts...

she: that´s what you are always doing!

me: this time it´s different...

 Cheesy
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
This one might be more appropriate atm though:

https://www.youtube.com/watch?v=jq57BjBVq7o

Guess who's back?
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
Wow. This website's a bit fucked in the middle of a rally. It really IS like the old days.

no man, in the 'good' old day, we'd have trading engine lag measured in HOURS.

lol.


and when you wanted to check btctalk to see what's happening you'd find it's down due to DDOS  Cheesy

isn't that literally what the first guy said?

eh I meant that the forums were down as well but I phrased it not quite clearly.

who still remembers this?

https://www.youtube.com/watch?v=K2ku1A5Ox8U
legendary
Activity: 1358
Merit: 1016
Already down ~$10 from 363 high and selling pressure is continuing. Not sure whose gonna run out of ammo first at this point, the bulls or the bears

Nerve wracking stuff, this one hourly candle is quite the fight


Bulls will win long term. I personally couldn't give a shit about hourly candles.

But I guess the traders care.
newbie
Activity: 49
Merit: 0
Already down ~$10 from 363 high and selling pressure is continuing. Not sure whose gonna run out of ammo first at this point, the bulls or the bears

Nerve wracking stuff, this one hourly candle is quite the fight
sr. member
Activity: 448
Merit: 256
Wow this was a nice day...again  Bitcoin rose more than $30  Shocked

Is it save to say that the bear market is over?

nobody knows... We could very well top out around 400 and start the next wave down...

A lot of people get way too easy freaked out and panic buy here... And somebody has to pay for the profits other made at some point.


But this is the wrong place to talk about rational behavior people have been posting rockets and trains the hole bear-market time ..
legendary
Activity: 1960
Merit: 1022
Wow this was a nice day...again  Bitcoin rose more than $30  Shocked

Is it save to say that the bear market is over?

Still a long way to go. First we need to break up $400, and then we can call this a victory.
hero member
Activity: 681
Merit: 507
Wow this was a nice day...again  Bitcoin rose more than $30  Shocked

Is it save to say that the bear market is over?

I would say we need a few days above 350 and confirmed. we are just 3 hours above target til now.
legendary
Activity: 3620
Merit: 4813
Wow this was a nice day...again  Bitcoin rose more than $30  Shocked

Is it save to say that the bear market is over?
sr. member
Activity: 448
Merit: 256
going to cash some coins out here I made trading Forex recently Tongue

not a bad day today.
legendary
Activity: 1358
Merit: 1016
I nearly passed out when I checked the price. I've been so busy today I haven't really looked.


So.......what the hell is happening???
legendary
Activity: 1680
Merit: 1045
Wow. This website's a bit fucked in the middle of a rally. It really IS like the old days.

no man, in the 'good' old day, we'd have trading engine lag measured in HOURS.

lol.


and when you wanted to check btctalk to see what's happening you'd find it's down due to DDOS  Cheesy

isn't that literally what the first guy said?
legendary
Activity: 1960
Merit: 1022
Wait for China to woke up (3 more hours) and this thing is going to get very mad.
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
Wow. This website's a bit fucked in the middle of a rally. It really IS like the old days.

no man, in the 'good' old day, we'd have trading engine lag measured in HOURS.

lol.


and when you wanted to check btctalk to see what's happening you'd find it's down due to DDOS  Cheesy
legendary
Activity: 2002
Merit: 1040
I love all you guys. Even you lambie and tarms, wherever you are  Grin
hero member
Activity: 798
Merit: 531
Crypto is King.
After starting buying bitcoin in September 2013 at 130$, all the way up to 1200$. Then accumulating further all the way down .... if it keeps the pace I will finally reach break even in about .... 10 minutes Cheesy
Same here, bought from $800 all the way down to $200. Now nearly at break-even again. I'm fine with a slow rise, but this is ok too.

every parabolic rise is followed by a crash. If you want bitcoin to gain real value you want to have a steady slow growth developing.
that's what she said
legendary
Activity: 1066
Merit: 1098
If Core can't find a way to scale the network with a reasonable amount of safety and security in TWO YEARS, then they are incompetent and need to make way for better developers. 

How much time is a reasonable amount of time for you?  I really want to know. Give me an actual number.

That is a pretty bold statement about solving a non-trivial computer science problem.  I'm sure your patches will be accepted if you have a solution.

I think the problem is that you assume that increasing the blocksize fixes the problem.

I imagine a future where all manner of services that are currently ad-supported or subscription-based might instead be payed for with bitcoin microtransactions, seamlessly and transparently.  There could be millions, or maybe even billions of transactions per day from all these page views/minutes of video/etc. - vastly more than even Visa handles at peak capacity.  And add to that all the microtransactions that might be generated by devices on the Internet of Things, that none of us know the extent or nature of yet.

I don't see how increasing blocksize will handle this.  Even data-center sized nodes may not be able to handle all those microtransactions.

I don't claim to know what the answer is, but I am pretty sure that block-size alone won't do it - and lurching down that path in a non-judicious way could lead to permanent problems that will be painful to work around in the long term, after a real solution is found.

I'm certain blocksize alone WON'T fix all scaling problems, but it would buy us time. All it would take right now is a doubling of transactions to crash the network.  This problem was important, but now it's urgent as well. A doubling is well withing the realm of possibility in mere months and is approaching the probable. 

Creating a market for transaction fees needs to happen AFTER we reach mainstream adoption or we will never reach it. Yahoo mail, Facebook, Google all knew not to monetize too early.  That's why they're still around. I hope we'll be around when billions of cryto microtransactions becomes an issue.

I don't really think that the people resisting block-size increase are just interested in creating a transaction-fee market.

I don't work for Blockstream, nor am I a Core developer - but even I can see that there is potentially a heavy price to be paid (in terms of Bitcoin decentralization) if we rush head-long down the path of block-size for scaling - and this could turn out to be a mistake that can't be undone, AND one that does not really solve the problem in the long-term.

I don't see the urgency you do for raising blocksize right now.  Full blocks are still uncommon (except during "stress-tests").

legendary
Activity: 1680
Merit: 1045
lol those were the dave.

with fake fucking coins too.
donator
Activity: 2772
Merit: 1019
Wow. This website's a bit fucked in the middle of a rally. It really IS like the old days.

no man, in the 'good' old day, we'd have trading engine lag measured in HOURS.

lol.
full member
Activity: 172
Merit: 100
contracorriente
shorters 0, hodler 1...  Cheesy

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