Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21384.

ejinte

hero member

Activity: 644

Merit: 500

Quote from: billyjoeallen on July 06, 2015, 08:02:06 PM

What happens if Greek banks don't reopen tomorrow? I'm giving them only a 15% chance of opening.

Those banks can't handle even one full day of withdrawals. depositor's haircuts?

What happens after banks are closed for two weeks? Civil unrest? riots?

"OXI" on the referendum is not the end of the story. It's just getting started.

Greek banks will be closed tomorrow.

And in the mean time idiot dumpers keeps dumping.

Hello idiot dumpers buying back above.

Can you believe there are still people dumping?

dannyspk

sr. member

Activity: 341

Merit: 250

300s today.

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: Nhonho on July 06, 2015, 08:26:06 PM

Quote from: billyjoeallen on July 06, 2015, 08:02:06 PM

What happens if Greek banks don't reopen tomorrow? I'm giving them only a 15% chance of opening.

Those banks can't handle even one full day of withdrawals. depositor's haircuts?

What happens after banks are closed for two weeks? Civil unrest? riots?

"OXI" on the referendum is not the end of the story. It's just getting started.

With no money, no way for the Greeks buy BTC.

Most greeks are buying only food and don't paying for other expenses, I don't think they will invest in anything until the situation gets better

Now perhaps, but what about in 1 or 2 years?

Or what about when they tell their kids not to trust banks after what they wen't through?

Nhonho

newbie

Activity: 15

Merit: 0

Quote from: billyjoeallen on July 06, 2015, 08:02:06 PM

What happens if Greek banks don't reopen tomorrow? I'm giving them only a 15% chance of opening.

Those banks can't handle even one full day of withdrawals. depositor's haircuts?

What happens after banks are closed for two weeks? Civil unrest? riots?

"OXI" on the referendum is not the end of the story. It's just getting started.

With no money, no way for the Greeks buy BTC.

Most greeks are buying only food and don't paying for other expenses, I don't think they will invest in anything until the situation gets better

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: medialab101 on July 06, 2015, 07:35:35 PM

Quote from: podyx on July 06, 2015, 07:29:33 PM

Quote from: medialab101 on July 06, 2015, 07:27:18 PM

Unannounced stress test using .0002 btc fees. It apparently set a record for tx/s at one point with... if I remember correctly, something like 147 tx/s

How? Can bitcoin handle more then 7tx/s for the moment?

That's an average 7tx/s. Btc can handle much more in bursts, depends on the timing between blocks. For example, if two or more blocks were found in quick succession and were full, there would be a high number of tx/s for that time frame.

I see, it must handle considerably more than 147 in that case. 5,000 perhaps.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

What happens if Greek banks don't reopen tomorrow? I'm giving them only a 15% chance of opening.

Those banks can't handle even one full day of withdrawals. depositor's haircuts?

What happens after banks are closed for two weeks? Civil unrest? riots?

"OXI" on the referendum is not the end of the story. It's just getting started.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

plopper50

member

Activity: 64

Merit: 10

Quote from: BitofaN1 on July 06, 2015, 07:40:03 PM

Quote from: medialab101 on July 06, 2015, 07:27:18 PM

Unannounced stress test using .0002 btc fees. It apparently set a record for tx/s at one point with... if I remember correctly, something like 147 tx/s

Also, coinbase and finex were both down briefly today and huobi still hasn't recovered as of yet.Also,price is taking a nose dive.I'm not much for tinfoil hats, but dayum!!!

I feel sorry for the Chinese Huobi users. Their stock market is crashing by trillions and now when Bitcoins going down they can't log into Huobi to put a dump order on. That must be so frustrating. Some of them might have been counting on their Bitcoin gains to offset their loses on the stock market, and they can't lock their profits in with Huobi down.

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Quote from: aztecminer on July 06, 2015, 07:28:43 PM

Quote from: ejinte on July 06, 2015, 07:19:07 PM

It still wouldn't surprise me if the idiot dumpers would take us right back to 220.
I can totally see it happen.

when it happens will it break your moral ?? what will be your response ??

I would say thank you for the buying opportunity and mix another Gin and Tonic! What would your response be?
Shocked

Chalkbot

legendary

Activity: 896

Merit: 1001

Quote from: medialab101 on July 06, 2015, 07:35:35 PM

Quote from: podyx on July 06, 2015, 07:29:33 PM

Quote from: medialab101 on July 06, 2015, 07:27:18 PM

Unannounced stress test using .0002 btc fees. It apparently set a record for tx/s at one point with... if I remember correctly, something like 147 tx/s

How? Can bitcoin handle more then 7tx/s for the moment?

That's an average 7tx/s. Btc can handle much more in bursts, depends on the timing between blocks. For example, if two or more blocks were found in quick succession and were full, there would be a high number of tx/s for that time frame.

Exactly. I believe the 7tx/s figure is the average to fill a block (1MB) over the course of the average block time (10 minutes). If, for example there were no transactions for 9 minutes and 59 seconds, "Bitcoin" could handle 4200 tx/s.... for that last one second.

BitofaN1

full member

Activity: 177

Merit: 100

Quote from: medialab101 on July 06, 2015, 07:27:18 PM

Unannounced stress test using .0002 btc fees. It apparently set a record for tx/s at one point with... if I remember correctly, something like 147 tx/s

Also, coinbase and finex were both down briefly today and huobi still hasn't recovered as of yet.Also,price is taking a nose dive.I'm not much for tinfoil hats, but dayum!!!

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: aztecminer on July 06, 2015, 07:28:43 PM

Quote from: ejinte on July 06, 2015, 07:19:07 PM

It still wouldn't surprise me if the idiot dumpers would take us right back to 220.
I can totally see it happen.

when it happens will it break your moral ?? what will be your response ??

medialab101

hero member

Activity: 583

Merit: 500

Quote from: podyx on July 06, 2015, 07:29:33 PM

Quote from: medialab101 on July 06, 2015, 07:27:18 PM

Unannounced stress test using .0002 btc fees. It apparently set a record for tx/s at one point with... if I remember correctly, something like 147 tx/s

How? Can bitcoin handle more then 7tx/s for the moment?

That's an average 7tx/s. Btc can handle much more in bursts, depends on the timing between blocks. For example, if two or more blocks were found in quick succession and were full, there would be a high number of tx/s for that time frame.

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: medialab101 on July 06, 2015, 07:27:18 PM

Unannounced stress test using .0002 btc fees. It apparently set a record for tx/s at one point with... if I remember correctly, something like 147 tx/s

How? Can bitcoin handle more then 7tx/s for the moment?

aztecminer

legendary

Activity: 1092

Merit: 1000

Quote from: ejinte on July 06, 2015, 07:19:07 PM

It still wouldn't surprise me if the idiot dumpers would take us right back to 220.
I can totally see it happen.

when it happens will it break your moral ?? what will be your response ??

medialab101

hero member

Activity: 583

Merit: 500

Unannounced stress test using .0002 btc fees. It apparently set a record for tx/s at one point with... if I remember correctly, something like 147 tx/s

TaurusBit

full member

Activity: 183

Merit: 100