Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20610.

Elwar

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Quote from: ssmc2 on October 21, 2015, 08:13:46 AM

Quote from: knight22 on October 21, 2015, 07:48:02 AM

A fake pump is a fake pump. No growth expected with small blocks.

Last I checked this is still being looked at by devs on a weekly basis, with another summit coming up in December. Every single one of them agrees on bigger blocks, now it's just a matter of which proposal gets implemented. It will happen. Why so glum?

Yep, a feature upgrade to the code is a good thing.

Elwar

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Quote from: Blazin8888 on October 21, 2015, 07:50:00 AM

I believe Bitcoin will serve as Digital gold it will always be around since it was first.

Will we use BTC for day to day purchases? ....no.

We will use another blockchain based coin that is more common than BTC and less costly to mine

BTC will always carry that intrinsic value since it was first.

Considering I use BTC for day to day purchases the only way we will use it for day to day purchases is if you start to as well.

ssmc2

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Quote from: knight22 on October 21, 2015, 07:48:02 AM

A fake pump is a fake pump. No growth expected with small blocks.

Last I checked this is still being looked at by devs on a weekly basis, with another summit coming up in December. Every single one of them agrees on bigger blocks, now it's just a matter of which proposal gets implemented. It will happen. Why so glum?

Asrael999

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Quote from: knight22 on October 21, 2015, 07:51:18 AM

Quote from: Blazin8888 on October 21, 2015, 07:50:00 AM

I believe Bitcoin will serve as Digital gold it will always be around since it was first.

Will we use BTC for day to day purchases? ....no.

We will use another blockchain based coin that is more common than BTC and less costly to mine

BTC will always carry that intrinsic value since it was first.

There is no purpose for bitcoin to be digital gold if another blockchain is widely used. That blockchain will turn out to be the true digital gold.

hmm, just like 8 track and casette tape still have value....
New tech replaces old tech all the time.
Bitcoin needs to continually advance and expand in order to maintain its primacy, the arguements over block size just indicate how difficult that will be.
The major advantage Bitcoin enjoys at the moment is that a lot of the competition with big money (ie banks) are spending their time on how they can use the tech to create walled gardens, and are completely ignoring the lessons of Aol and Compuserve. This buys bitcoin another 18 months to get its shit together, but if it carries on as it is someone will implement an alternative that does everything bitcoin does and more and get it adopted by a major payments/transaction management/logistics company or six.

knight22

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--------------->¿?

Quote from: hdbuck on October 21, 2015, 08:00:57 AM

Quote from: knight22 on October 21, 2015, 07:51:18 AM

Quote from: Blazin8888 on October 21, 2015, 07:50:00 AM

I believe Bitcoin will serve as Digital gold it will always be around since it was first.

Will we use BTC for day to day purchases? ....no.

We will use another blockchain based coin that is more common than BTC and less costly to mine

BTC will always carry that intrinsic value since it was first.

There is no purpose for bitcoin to be digital gold if another blockchain is widely used. That blockchain will turn out to be the true digital gold.

lel still havent laid off the crackpipe i see.

Right. I still havent laid off reality. No one but a niche group cares about bitcoin "as is". Get used to that.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

hdbuck

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Quote from: knight22 on October 21, 2015, 07:51:18 AM

Quote from: Blazin8888 on October 21, 2015, 07:50:00 AM

I believe Bitcoin will serve as Digital gold it will always be around since it was first.

Will we use BTC for day to day purchases? ....no.

We will use another blockchain based coin that is more common than BTC and less costly to mine

BTC will always carry that intrinsic value since it was first.

There is no purpose for bitcoin to be digital gold if another blockchain is widely used. That blockchain will turn out to be the true digital gold.

lel still havent laid off the crackpipe i see.

knight22

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Activity: 1372

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--------------->¿?

Quote from: Blazin8888 on October 21, 2015, 07:50:00 AM

I believe Bitcoin will serve as Digital gold it will always be around since it was first.

Will we use BTC for day to day purchases? ....no.

We will use another blockchain based coin that is more common than BTC and less costly to mine

BTC will always carry that intrinsic value since it was first.

There is no purpose for bitcoin to be digital gold if another blockchain is widely used. That blockchain will turn out to be the true digital gold.

Blazin8888

hero member

Activity: 672

Merit: 500

I believe Bitcoin will serve as Digital gold it will always be around since it was first.

Will we use BTC for day to day purchases? ....no.

We will use another blockchain based coin that is more common than BTC and less costly to mine

BTC will always carry that intrinsic value since it was first.

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

A fake pump is a fake pump. No growth expected with small blocks.

hdbuck

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Quote from: Dilla on October 21, 2015, 07:11:25 AM

Down a few dollars today and $266 is holding, just noise, not a dump.

in any case, its just profit.

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: Fiat_Hodler on October 21, 2015, 07:13:16 AM

just saw 800 coins bought on bitfinex in 4 orders that werent shown in the orderbook. buys were for solid amounts, 100, 200, 200, 290... all filled at one exact price, no slippage at all...

very strange...

Yeah, I saw that too. Business transactions aren't being allowed to move the price at all. Small transactions from private individuals aren't enough to go "to the moon" as they say. When Karpeles moved the price he did it by manipulating 10's of thousands of btc at once. When are individuals ever going to do that?

For better or worse, they need to allow the currently off book transactions to move the price.

Fiat_Hodler

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just saw 800 coins bought on bitfinex in 4 orders that werent shown in the orderbook. buys were for solid amounts, 100, 200, 200, 290... all filled at one exact price, no slippage at all...

very strange...

Dilla

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