Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20885. (Read 26607522 times)
August 28, 2015, 11:32:56 AM
CCMF!
August 28, 2015, 11:31:53 AM
Adam, how the hell are we gonna take over 25% of global remittances at 7 transactions per second?
BIP100 then BIP200 and then...
or maybe sidechains will help wtv man 25% of global remittances is baked in the cake 32,000$ is coming.
Baked in? When and if the code the majority of the network runs is scalable, THEN I'll believe bitcoin is undervalued.
BIP100 is the LEAST scalable of proposed upgrades and even it is a looooong way from implementation.
You know, there is NO solution on the table from ANYONE that results in a Bitcoin that is both scalable AND decentralized.
To handle the transaction volume of Visa would require every block to be 10-20 GB (Yes, GB, not MB). At that block-size, decentralization, which I consider to be a fundamental requirement of what we call Bitcoin, would be long gone.
I agree that we can increase the block size some as a stop-gap measure - but block-size increases alone will not save Bitcoin.
Hopefully, the upcoming conference will yield some fresh ideas.
August 28, 2015, 11:29:39 AM
Adam, how the hell are we gonna take over 25% of global remittances at 7 transactions per second?
BIP100 then BIP200 and then...
or maybe sidechains will help wtv man 25% of global remittances is baked in the cake 32,000$ is coming.
Baked in? When and if the code the majority of the network runs is scalable, THEN I'll believe bitcoin is undervalued.
BIP100 is the LEAST scalable of proposed upgrades and even it is a looooong way from implementation.
once/if it's been agreed on i can't see it take more then a week to implement...
the longer you wait for it to become clear that bitcoin will improve its scalability the higher the price will be.
buy now while poeple still believe bitcoin is about to die because of this issue
Once/if BIP100 is implemented, miners STILL have to vote to increase blocksize and by how much. You are taking a lot of things for granted.
miners will probably make a vote where blocklimit is always about 2X avg block size
ok ok BIP100 might suck for various reasons
the point is the debate went from
no increase Vs increase
to
BIP101 vs BIP100
its only a matter of time until somehow some way blocklimit is increased
i strongly suggest buying the rumor
August 28, 2015, 11:25:29 AM
Adam, how the hell are we gonna take over 25% of global remittances at 7 transactions per second?
BIP100 then BIP200 and then...
or maybe sidechains will help wtv man 25% of global remittances is baked in the cake 32,000$ is coming.
Baked in? When and if the code the majority of the network runs is scalable, THEN I'll believe bitcoin is undervalued.
BIP100 is the LEAST scalable of proposed upgrades and even it is a looooong way from implementation.
once/if it's been agreed on i can't see it take more then a week to implement...
the longer you wait for it to become clear that bitcoin will improve its scalability the higher the price will be.
buy now while poeple still believe bitcoin is about to die because of this issue
Once/if BIP100 is implemented, miners STILL have to vote to increase blocksize and by how much. You are taking a lot of things for granted.
August 28, 2015, 11:19:47 AM
Adam, how the hell are we gonna take over 25% of global remittances at 7 transactions per second?
BIP100 then BIP200 and then...
or maybe sidechains will help wtv man 25% of global remittances is baked in the cake 32,000$ is coming.
Baked in? When and if the code the majority of the network runs is scalable, THEN I'll believe bitcoin is undervalued.
BIP100 is the LEAST scalable of proposed upgrades and even it is a looooong way from implementation.
once/if it's been agreed on i can't see it take more then a week to implement...
the longer you wait for it to become clear that bitcoin will improve its scalability the higher the price will be.
buy now while poeple still believe bitcoin is about to die because of this issue
August 28, 2015, 11:19:25 AM
Can't you see what these assholes are doing? They want to scare everyone off of BFX because those $25 M in margin longs will all have to close at some point. BY opposing block size increase, they are keeping almost any new investment from VCs because a Bitcoin that doesn't scale is a bitcoin that can't disrupt. So when the market slumps, it will flash-crash on BFX and they will be the only ones on BFX scooping up BTC for pennies on the dollar.
BFX has problems but so do all other exchanges.
both bulls and bears are taking down leverage. We're seeing a slump because miners don't run the show. The market does and the market ain't buying your shitty BIP100.
BFX has problems but so do all other exchanges.
both bulls and bears are taking down leverage. We're seeing a slump because miners don't run the show. The market does and the market ain't buying your shitty BIP100.
not being able to withdraw is a serious problem imo. if didn't have technical problems then wouldnt have technical glitches that cause trading and withdrawals to stop. this is why bitfinex is working very hard to fix all their technical problems. it's like if your bitcoins are secure then they cant be hacked and stolen. it will be pointless to scoop up cheap coins if you cannot withdraw them. i think your theory is bunk . it not like "those assholes" are stopping trading and withdrawals on BFX in some kind of scheme. those problems seem extreme. that is why people are closing their longs and shorts leaving BFX.
Not being able to withdraw is a huge problem, but this we've been told is due to data corruption and a changing of their bank. There is no indication (yet) that this is a Gox-like solvency issue. It's a reason for concern, not a reason to panic.
Nobody should be keeping the majority of their bitcoins an ANY exchange. If you don't control the private keys, you don't own bitcoin (just bitcoin I.O.U.s).
i would have already bailed. i'm on coinbase exchange because they are based in the usa and they have good reputation and are market leaders.. at least that is my impression of them atm.. while my impression of bitfinex is an exchange based in hong kong that has fishey stuff going on and might collapse the next time margins are called.... i'm not doing any margin trading because is too risky imo.. i already feel like it is me against the music while trading bitcoin so i am not going to give anyone even more advantages over me.... i'm sure your trader sense will let you know when to pull out of bitfinex if it is going to collapse right billyjoe ?? i do like btc-e exchange though. i don't trade on there all the time though... and bitstamp is now the ONLY bitcoin ----> ripple gateway for usa residents atm .
It wasn't trader sense that told me to get out of Gox just before the door slammed shut. It was the price differential between EmptyGox and the other exchanges. The MARKET told me to bail. The Market is not spooked by BFX blunders (yet). The Market is spooked by incompetence of a much more profound kind: Core devs decision-making process is FUBAR. They want centralized control to guard against centralization.
August 28, 2015, 11:08:37 AM
Adam, how the hell are we gonna take over 25% of global remittances at 7 transactions per second?
BIP100 then BIP200 and then...
or maybe sidechains will help wtv man 25% of global remittances is baked in the cake 32,000$ is coming.
Baked in? When and if the code the majority of the network runs is scalable, THEN I'll believe bitcoin is undervalued.
BIP100 is the LEAST scalable of proposed upgrades and even it is a looooong way from implementation.
August 28, 2015, 11:07:54 AM
Can't you see what these assholes are doing? They want to scare everyone off of BFX because those $25 M in margin longs will all have to close at some point. BY opposing block size increase, they are keeping almost any new investment from VCs because a Bitcoin that doesn't scale is a bitcoin that can't disrupt. So when the market slumps, it will flash-crash on BFX and they will be the only ones on BFX scooping up BTC for pennies on the dollar.
BFX has problems but so do all other exchanges.
both bulls and bears are taking down leverage. We're seeing a slump because miners don't run the show. The market does and the market ain't buying your shitty BIP100.
BFX has problems but so do all other exchanges.
both bulls and bears are taking down leverage. We're seeing a slump because miners don't run the show. The market does and the market ain't buying your shitty BIP100.
not being able to withdraw is a serious problem imo. if didn't have technical problems then wouldnt have technical glitches that cause trading and withdrawals to stop. this is why bitfinex is working very hard to fix all their technical problems. it's like if your bitcoins are secure then they cant be hacked and stolen. it will be pointless to scoop up cheap coins if you cannot withdraw them. i think your theory is bunk . it not like "those assholes" are stopping trading and withdrawals on BFX in some kind of scheme. those problems seem extreme. that is why people are closing their longs and shorts leaving BFX.
Not being able to withdraw is a huge problem, but this we've been told is due to data corruption and a changing of their bank. There is no indication (yet) that this is a Gox-like solvency issue. It's a reason for concern, not a reason to panic.
Nobody should be keeping the majority of their bitcoins an ANY exchange. If you don't control the private keys, you don't own bitcoin (just bitcoin I.O.U.s).
i would have already bailed. i'm on coinbase exchange because they are based in the usa and they have good reputation and are market leaders.. at least that is my impression of them atm.. while my impression of bitfinex is an exchange based in hong kong that has fishey stuff going on and might collapse the next time margins are called.... i'm not doing any margin trading because is too risky imo.. i already feel like it is me against the music while trading bitcoin so i am not going to give anyone even more advantages over me.... i'm sure your trader sense will let you know when to pull out of bitfinex if it is going to collapse right billyjoe ?? i do like btc-e exchange though. i don't trade on there all the time though... and bitstamp is now the ONLY bitcoin ----> ripple gateway for usa residents atm .
August 28, 2015, 11:02:25 AM
August 28, 2015, 11:00:33 AM
Adam, how the hell are we gonna take over 25% of global remittances at 7 transactions per second?
BIP100 then BIP200 and then...
or maybe sidechains will help wtv man 25% of global remittances is baked in the cake 32,000$ is coming.
August 28, 2015, 10:57:26 AM
The problem is that our usual discussion thread for this type of thing (Gold Collapsing. Bitcoin UP) was locked by the Forum Administrators. Furthermore, my submissions to /r/bitcoin are all censored now. Since I've lost my two favourite outlets, my Bitcoin addiction is leaking into nearby threads...
http://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/
Only 43 newbies over there and not a single hero!
Why did they close down the old thread in the first place? It used to be a nice place to collect info. Anyone knows specifics?
I posted a thread in Meta to find out. It sounds like the Administrators added a new rule forbidding threads that are broad in scope. Here's what BadBear said:
https://bitcointalksearch.org/topic/m.12199651
After sitting with this for a while, I don't believe the Administrators. Cypherdoc's thread was highly visible across the Bitcoin community and he promoted bigger blocks and questioned the motivations of Blockstream. I think the new rule was added specifically to silence him.
Have there been any other popular threads locked because they were too broad in scope? Is not the Wall Observer equally (or more) broad in scope?
August 28, 2015, 10:54:43 AM
Adam, how the hell are we gonna take over 25% of global remittances and 9% of e-commerce at 7 transactions per second?
August 28, 2015, 10:44:33 AM
ccmf
August 28, 2015, 10:43:52 AM
August 28, 2015, 10:34:26 AM
It looks more and more like the manipulator may want to push this up from here.
You don't need to think this is a single market maker to see it is just a low volume melt-up.
August 28, 2015, 10:33:03 AM
The problem is that our usual discussion thread for this type of thing (Gold Collapsing. Bitcoin UP) was locked by the Forum Administrators. Furthermore, my submissions to /r/bitcoin are all censored now. Since I've lost my two favourite outlets, my Bitcoin addiction is leaking into nearby threads...
http://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/
Only 43 newbies over there and not a single hero!
Why did they close down the old thread in the first place? It used to be a nice place to collect info. Anyone knows specifics?
Bitcointalk is not doing good these days. Trolls are allowed but cypher gets censored.
all this time we were worried about central control systems from outside but it turns out they are like cancer they grow from within.
Yes, unbelievable but true.
August 28, 2015, 10:31:48 AM
are we rich yet?? 
August 28, 2015, 10:28:19 AM
Can't you see what these assholes are doing? They want to scare everyone off of BFX because those $25 M in margin longs will all have to close at some point. BY opposing block size increase, they are keeping almost any new investment from VCs because a Bitcoin that doesn't scale is a bitcoin that can't disrupt. So when the market slumps, it will flash-crash on BFX and they will be the only ones on BFX scooping up BTC for pennies on the dollar.
BFX has problems but so do all other exchanges.
both bulls and bears are taking down leverage. We're seeing a slump because miners don't run the show. The market does and the market ain't buying your shitty BIP100.
BFX has problems but so do all other exchanges.
both bulls and bears are taking down leverage. We're seeing a slump because miners don't run the show. The market does and the market ain't buying your shitty BIP100.
not being able to withdraw is a serious problem imo. if didn't have technical problems then wouldnt have technical glitches that cause trading and withdrawals to stop. this is why bitfinex is working very hard to fix all their technical problems. it's like if your bitcoins are secure then they cant be hacked and stolen. it will be pointless to scoop up cheap coins if you cannot withdraw them. i think your theory is bunk . it not like "those assholes" are stopping trading and withdrawals on BFX in some kind of scheme. those problems seem extreme. that is why people are closing their longs and shorts leaving BFX.
Not being able to withdraw is a huge problem, but this we've been told is due to data corruption and a changing of their bank. There is no indication (yet) that this is a Gox-like solvency issue. It's a reason for concern, not a reason to panic.
Nobody should be keeping the majority of their bitcoins an ANY exchange. If you don't control the private keys, you don't own bitcoin (just bitcoin I.O.U.s).
August 28, 2015, 10:18:39 AM
This is the place to act: After the market been dramatically exhausted of its buying or selling power, after everyone has hysterically rushed to the exits all at once, after large amounts of supply have been offloaded to the public or absorbed cheaply by large interests, after the market is left stripped dry and teetering on the precipice, vulnerable to the slightest action in the opposite direction.
Yes, and the manipulator is piling up walls to make sure suckers will buy.Which is why you buy with them, before everyone realizes that Bitcoin isn't dead after all
August 28, 2015, 10:16:02 AM
This is the place to act: After the market been dramatically exhausted of its buying or selling power, after everyone has hysterically rushed to the exits all at once, after large amounts of supply have been offloaded to the public or absorbed cheaply by large interests, after the market is left stripped dry and teetering on the precipice, vulnerable to the slightest action in the opposite direction.
Yes, and the manipulator is piling up walls to make sure suckers will buy. Jump to: