Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21629. (Read 26609460 times)

Coin
Explanation

For whatever it is worth too:

KnC's  Bitcoin Tracker One notes (BITCOIN-XBT) -- daily trading summary:

    Date       ! NTr ! SpN_LO ! SpN_HI !   VNOT !    VBTC !       VSEK !      SpN !  SpU !    UpB ! OBS 
    -----------+-----+--------+--------+--------+---------+------------+----------+------+--------+-----
    2015-05-18 | 120 |   9.66 |   9.73 | 189783 | 948.915 | 1837195.92 |  9.68051 | 8.24 | 234.96 |     
    2015-05-19 |  77 |   9.61 |   9.72 | 109376 | 546.880 | 1057572.27 |  9.66914 | 8.35 | 231.60 |     
    2015-05-20 |  31 |   9.68 |   9.79 |  90988 | 454.940 |  886232.68 |  9.74011 | 8.35 | 233.30 |     
    2015-05-21 |  18 |   9.74 |   9.79 | 135233 | 676.165 | 1319500.95 |  9.75724 | 8.32 | 234.55 |     
    2015-05-21 |  23 |   9.72 |   9.89 | 128618 | 643.090 | 1259617.61 |  9.79348 | 8.32 | 235.42 |     

    2015-05-25 |  29 |   9.91 |  10.10 |  90759 | 453.795 |  902925.40 |  9.94860 | 8.41 | 236.59 |     
    2015-05-26 |  30 |   9.96 |  10.03 | 151238 | 756.190 | 1512820.76 | 10.00291 | 8.43 | 237.32 |     
    2015-05-27 |  14 |  10.04 |  10.12 |  86275 | 431.375 |  868373.30 | 10.06518 | 8.51 | 236.55 |     
    2015-05-28 |  25 |  10.01 |  10.09 |  72006 | 360.030 |  723643.90 | 10.04977 | 8.48 | 237.02 |     
    2015-05-29 |  28 |   9.98 |  10.04 | 106617 | 533.085 | 1066415.00 | 10.00230 | 8.52 | 234.80 |     
    -----------+-----+--------+--------+--------+---------+------------+----------+------+--------+-----

Data from the BITCOIN-XBT page at NetFonds.se.

NTr = Number of trades listed in day.

SpN_LO = Lowest price (SEK/note) in specified day.

SpN_HI = Highest price (SEK/note) in the specified day.

VNOT = Number of notes (shares) traded in day.

VBTC = Trade volume in BTC, ignoring fees = VNOT/200.

VSEK = Trade volume in SEK (sum over all trades of num of notes times price per note).

SpN = Average note price in SEK for that day = VSEK/VNOT.

SpU = Assumed SEK/USD currency exchange rate (typically from www.xe.com, some time during day).

UpB = Average implied USD/BTC price ignoring fees = SpN*200/SpU

Everyday purchases can be done using a 3rd party that you periodically top off. for example using http://www.getonebit.com/ to buy stuff anywere paypas is appected. I cant wait for this to be in beta, hopefully i get in on the "early access"

in anycase, i don't see why TX costs has to increase, for now the mining reward is sufficient, and TX vol will increase, 30 years from now when there is no more block reward  the network will avg 100TX per second, 8,640,000TX a day, each with a 0.00001BTC fee bring in ~86.4BTC a day making the block reward ~0.6BTC. Assuming a tx fee of 0.00001BTC = 10 cents  that means 1BTC = 10,000 dollars, making the block reward 6000$, currently the block reward is about 5900$, so we should be able to deliver the same kind of network security based off of TX fees alone. Maybe bitcoin is used by 2million poeple making an avg of 4.3 TX a day ( actually using bitcoin for day to day purchases ) These users would incur fees of 43cents a day or 13$ a month or 157.05$ year in TX fees, which appears to be competitive with banking fees

bottom line we need 2 million people using bitcoin for the network to be secure without a block reward

doable.

For whatever it is worth:

Greyscale BIT shares (GBTC) daily trading summary:

               !    OTX !    OTX ! FRT !    FRT !    FRT !    FRT !    FRT !        FRT !       FRT !      FRT !          
    Date       ! UpS_LO ! UpS_HI ! NTr ! UpS_LO ! UpS_HI !   VSHR !   VBTC !       VUSD !       UpS !      UpB ! OBS      
    -----------+--------+--------+-----+--------+--------+--------+--------+------------+-----------+----------+----------
    2015-05-04 |  37.98 |  42.00 |     |    .   | 200.00 |    765 |   76.5 |        .   |    .      |    .     | (+0)(+1) 
    2015-05-05 |  55.00 |  94.86 |  18 |  50.00 | 175.00 |    435 |   43.5 |   32198.00 |  74.01839 | 740.1839 | (+0)     
    2015-05-06 |    .   |    .   |   4 |  65.00 |  68.00 |    125 |   12.5 |    8268.50 |  66.14800 | 661.4800 | (+0)     
    2015-05-07 |  40.00 |  66.00 |  45 |  40.00 |  86.00 |   2844 |  284.4 |  163651.00 |  57.54255 | 575.4255 |          
    2015-05-08 |  49.00 |  59.00 |  68 |  49.00 |  59.00 |  14807 | 1480.7 |  750019.70 |  50.65305 | 506.5305 |          

    2015-05-11 |  50.00 |  57.95 |  53 |  49.50 |  57.95 |   2756 |  275.6 |  143247.34 |  51.97654 | 519.7654 |          
    2015-05-12 |  49.00 |  50.01 |  31 |  49.00 |  52.25 |   2286 |  228.6 |  113299.25 |  49.56223 | 495.6223 |          
    2015-05-13 |  49.00 |  49.00 |  10 |  49.00 |  50.00 |    327 |   32.7 |   16113.10 |  49.27554 | 492.7554 |          
    2015-05-14 |  44.00 |  49.00 |  54 |  44.00 |  49.95 |  20894 | 2089.4 | 1004923.74 |  48.09628 | 480.9628 | (+2)     
    2015-05-15 |  38.00 |  45.00 |  29 |  38.00 |  45.00 |   2320 |  232.0 |   97444.35 |  42.00188 | 420.0188 |          

    2015-05-18 |  27.15 |  38.00 |  58 |  27.15 |  38.00 |   4950 |  495.0 |  158115.83 |  31.94259 | 319.4259 |          
    2015-05-19 |  27.90 |  29.50 |  39 |  27.89 |  29.90 |   4308 |  430.8 |  122327.92 |  28.39552 | 283.9552 |          
    2015-05-20 |  29.25 |  32.25 |  28 |  29.25 |  32.25 |   4859 |  485.9 |  148652.00 |  30.59313 | 305.9313 |          
    2015-05-21 |  30.50 |  32.00 |  19 |  30.50 |  32.00 |   2882 |  288.2 |   90663.50 |  31.45854 | 314.5854 |          
    2015-05-22 |  31.90 |  33.10 |  28 |  31.90 |  33.10 |   4971 |  497.1 |  160009.60 |  32.18861 | 321.8861 |          

    2015-05-26 |  31.92 |  32.00 |  18 |  31.00 |  32.00 |   1148 |  114.8 |   36623.50 |  31.90200 | 319.0200 | (+3)     
    2015-05-27 |  30.55 |  31.51 |   4 |  30.55 |  32.00 |    404 |   40.4 |   12444.00 |  30.80198 | 308.0198 |          
    2015-05-28 |  30.50 |  33.00 |  13 |  30.30 |  33.00 |   1140 |  114.0 |   35701.40 |  31.31702 | 313.1702 |          
    2015-05-29 |  31.95 |  33.00 |  10 |  31.95 |  33.00 |    463 |   46.3 |   15174.00 |  32.77322 | 327.7322 |          

"OTX" data from the GBTC quote page at OTCQX.
"FRT" data from the Freerealtime site, except those flagged (+0) and (+1) (see below).

UpS_LO = Lowest price (USD/share) in the specified day.

UpS_HI = Highest price (USD/share) in that day.

NTr = Number of listed trades in day.

VSHR = Number of shares traded in that day.

VBTC = Number of BTC equivalent to those shares (ignoring fees) = VSHR*10.

VUSD = Trade volume in USD (sum over all trades of num of shares times price per share).

UpS = Average price in day (USD/share) = VUSD/VSHR.

UpB = Implied bitcoin price (USD/BTC) = VUSD*10/VSHR.

OBSERVATIONS:

(+0) The "FRT" price range for this entry was obtained from this post.

(+1) For 2015-05-04, the values of NTr, UpS_LO, VSHR, VUSD, and UpS could not
be determined; the value of VSHR was taken from the OTCQX page.

(+2) The summary pages at OTCQX and FreeRealTime.com say VSHR = 19894, but
adding the FreeRealTime list of trades we get 20894 (1000 more). The
VSHR value given above is the latter. There were 2 trades near the end of the
day; perhaps one was undoing the other?

(+3) No data on 2015-05-25; a holiday?

Nah, not worth the effort. Dump them all to 1bHPh41CeaBqPqT8zqzjgwcXmyKL67khe. The poor bastard wont know what hit him.

tiem too sel all teh bticions

lol

the end is near

Coin
Explanation

mine shows block 358597 found 4 mins before 358598

https://blockchain.info/tx/7e10ba892d255c7c035e44b9a4216519d2ffbf4454f59f3cd5c1be3d23b5f3d9

That's the first transaction he sent, paid 0.000019 BTC in fees. I'm pretty sure all his transaction will go through eventually.

Also pretty sure that all this panic that bitcoin will collapse if we reach the block limit is just a bunch of bullshit FUD.

[Rant]
the main chain should not be treated as if it is a free unlimited resource. There should be a cost involved to place your entry in the blockchain, eventually, this cost will be significant. Scarcity on the main chain should be preserved.

Personally, I'm still undecided on how we can achieve this super-secure ledger while still offering a reasonably secure solution for everyday transactions, but I'm currently leaning towards side chains... or even just using alt coins, if there were low enough friction of transferring back and forth
[/rant]

Coin
Explanation

This is true sir... this is true.

Lol uh that's not how it works

If it is same guy, Norwegian one or something like that, his coins are surely not being worth 900k now, they were worth that around the top, it's an old story.

2000 unconfirmed transactions just vanished without blocks.

It's far more peaceful though. Blissful ignorance is a boon. I'd rather that than spend 20 hours a day twitching in my underpants staring at charts. There is more to life. 

Fuck that!

Leverage ftw

That's the real way to get rich. Buy and truly forget. In a few years it's a nice surprise to remember.

Are they paying the fees for those transactions, and how much is the combined total of fees paid? I assume the miners will ignore any transactions with no fees.

edit]

Block 358596 had fees of 0.4 Bitcoins. Spamming the Bitcoin network is not cheap.

Holy crap, just read about a guy who bought $27 worth of Bitcoins in 2009, forgot he had them and now they are worth $886,000