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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
crazy, but nice to see that BTC is able to hold its ground
+1
It's pretty much rock solid in spite of some fairly large splashes from eth.
seems to be fresh fiat thats driving ETH, otherwise it could have been really ugly.
Are you sure it's fresh fiat that drives ETH? I think it's just the same traders selling and rebuying, shorting, getting margin called etc.
Total market cap of all crypto-currencies (BTW the only chart that really matters vs. FIAT)
you can clearly see, that since December bitcoin and altcoin markets are decoupled!
just for fun:
ETH is on its way to $30 > Bitcoin will fork ($400) > invested money in ETH will shift to Bitcoin ($800) > ETH will come back to $5
Edit: time frame is Q2 - after that we'll see a crypto bubble ETH $50 / BTC $3500
Edit: time frame is Q2 - after that we'll see a crypto bubble ETH $50 / BTC $3500
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
For now, I am BTC long and ETH short.
where can one find that kind of graph?
https://cryptolization.com/
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
For now, I am BTC long and ETH short.
The bodies of eth-tarmis are heaping up at the crypto altar.
Be safe
Great pic. Thanks.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
If you are not making money now is that you are doing it wrong. Guys, diversify, enjoy, and then short the helluva of...
For now, I am BTC long and ETH short.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
ETH seems like it has some potential, but I have a feeling it is going to end up being a massive bubble and eventually collapse.
I think you are right. For its potential there is no need to go up this fast, that is only speculation.+1
All of this is because of small blockists
Come on dude!
You know that this is a shitty comment right?!
Blocksize has nothing to do with that.
And when people realize that Ethereum is much difficult to scale than Bitcoin is I wanna see how they react each other in terms of solutions to that.
Ethereum gets pumped like crazy and a few ones will be the winner when it starts to dive.
Imo it is all about accumulating more and more Bitcoin for the long run.Ethereum will not be the new no.1 crypto.
I can not see this happen sorry.
But definitely congratz to the guys who are riding this train.Get out in time and enjoy your profits.
Congratz. You just described the view of the 99.99% on bitcoin.
Yeah yeah!
As I said enjoy your wave.Really!
Bitcoin's roadmap is out and clear.The ones who switch to alts because they gave up might regret that in the next few months.
I say let's wait and see.
However I prefer to hold the BTC I have.
PSA: I boarded the Ethereum train @ $0.8 - and declare my exit now. I will re-invest later (after the dump) - expecting Ethereum to be on par with bitcoin in late 2016.
Bitcoin will reach $1200 this year and Ethereum will reach $120 (after dump).
Bookmark this website... You will need it! https://cryptolization.com/
Bookmark this website... You will need it! https://cryptolization.com/
All of this is because of small blockists
Come on dude!
You know that this is a shitty comment right?!
Blocksize has nothing to do with that.
And when people realize that Ethereum is much difficult to scale than Bitcoin is I wanna see how they react each other in terms of solutions to that.
Ethereum gets pumped like crazy and a few ones will be the winner when it starts to dive.
Imo it is all about accumulating more and more Bitcoin for the long run.Ethereum will not be the new no.1 crypto.
I can not see this happen sorry.
But definitely congratz to the guys who are riding this train.Get out in time and enjoy your profits.
Congratz. You just described the view of the 99.99% on bitcoin.
I like the sentiment in this thread. Early-adopter-denialism in its purest form. LOL
P.S. I expect the crypto ecosystem to grow to 45 billion this year. Bitcoin however will only represent 1/3 to 1/2 of the marketcap!
P.P.S. Ethereum is in a much to clear bubble - it will rally on for a little bit and crash hard - expecting a second bubble in late 2016.
P.S. I expect the crypto ecosystem to grow to 45 billion this year. Bitcoin however will only represent 1/3 to 1/2 of the marketcap!
P.P.S. Ethereum is in a much to clear bubble - it will rally on for a little bit and crash hard - expecting a second bubble in late 2016.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Pft deterring fees will occur automatically as the block reward disappears. At a price of 500$/BTC it would work out like this:
1 block (25 bitcoins) created every 10 minutes -> for each minute, 2.5 bitcoins are created X $500/bitcoin = $1250/minute.
So every minute $1250 in fees needs to come from transactions (instead of the block rewards today)
Using 10 transactions/sec as maximum speed (with current block size), 600 transactions each minute.
$1250/600 transactions = $2,08 per transaction.
Even higher BTC price -> even higher fees.
Edit: and if you use 5 tx/s instead of the theoretical 10 tx/s the amount doubles.
1 block (25 bitcoins) created every 10 minutes -> for each minute, 2.5 bitcoins are created X $500/bitcoin = $1250/minute.
So every minute $1250 in fees needs to come from transactions (instead of the block rewards today)
Using 10 transactions/sec as maximum speed (with current block size), 600 transactions each minute.
$1250/600 transactions = $2,08 per transaction.
Even higher BTC price -> even higher fees.
Edit: and if you use 5 tx/s instead of the theoretical 10 tx/s the amount doubles.
Yup. What's wrong with $4 a transaction? Totally fine. $40 a tx is fine too ....
Nothing wrong with deterring people if you want to be part of an elite club. The Club of Original Crypto ConaisseursTM or COCCTM for short.
I like COCC. It rolls so smoothly off the toungue.
Ok, I'm in!
Do you really think the $$$ would be worth anything if just the elite was using it. I guess we will figure out pretty soon, that the dollar is worth not-a-thing... Because what we see these days is money concentrated in the hands of very few. Money that doesn't buy you anything, isn't worth anything.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Rothschild Bank now under criminal investigation after Baron David De Rothschild indictment.
It toke a long time but finally someone with balls of steel wants the Rothschilds behind bars. I wonder how far they can go.
Even with a estimate wealth of more than 500 trillion they're still not satisfied and whants more by robbing British pensioners?
http://themindunleashed.org/2016/03/rothschild-bank-now-under-criminal-investigation-after-baron-david-de-rothschild-indictment.html
It toke a long time but finally someone with balls of steel wants the Rothschilds behind bars. I wonder how far they can go.
Even with a estimate wealth of more than 500 trillion they're still not satisfied and whants more by robbing British pensioners?
http://themindunleashed.org/2016/03/rothschild-bank-now-under-criminal-investigation-after-baron-david-de-rothschild-indictment.html
+1 "The elite" is a concept not compatible with true decentralization.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Monero, ETH and Maid are not in a pump and dump phase, they are just growing to next level. Im like 20 days waiting for a retracement to enter but no way... I really want to hear your thoughts to this issue, from a BTC wall observer point of view, as pure eth/maid threadt would be too biased and eco chambered to his own coins.
The big/small blockers debate is totally burnout and 2014-15, lets move, evolve, adapt and grow
The big/small blockers debate is totally burnout and 2014-15, lets move, evolve, adapt and grow
The ecosystem was always right on track for a new bubble. Despite my expectation, it just won't happen in Bitcoin. I am expecting the ecosystem to be worth 45+ billion at the years end. Bitcoin may be worth 5 to 15 billion then.
We will see winners and losers. There will be drama ahead.
I pretty much agree with your views. I will also see LTC falling steadily into oblivion, the trend seems solid. Of the new coins what are your faves?
I hold ETH and XMR. Thinking of selling ETH, though. And looking for a better re-entry point.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
My guess is that we'll be back on $410 soon enough.
...
if price keeps dropping miners will switch to 2MB very soon
It's a paradox: If the price keeps dropping (the big exodus), there'll be no point in mining 2MB blocks if price keeps dropping miners will switch to 2MB very soon
It's almost funny how few people/miners are able to comprehend this. Maybe it's time to give the Darwin Award to bitcoin miners.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
that's the result of core refusing to officially accept the 2017 HF.
lets see at which price-level minds are changing...
They are too peacocky to acknowledege that. They instead will tell you, that they knew from the start, that bitcoin was set up to fail. (wrong incentives, immature use cases e.g. spam,...)
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Monero, ETH and Maid are not in a pump and dump phase, they are just growing to next level. Im like 20 days waiting for a retracement to enter but no way... I really want to hear your thoughts to this issue, from a BTC wall observer point of view, as pure eth/maid threadt would be too biased and eco chambered to his own coins.
The big/small blockers debate is totally burnout and 2014-15, lets move, evolve, adapt and grow
The big/small blockers debate is totally burnout and 2014-15, lets move, evolve, adapt and grow
The ecosystem was always right on track for a new bubble. Despite my expectation, it just won't happen in Bitcoin. I am expecting the ecosystem to be worth 45+ billion at the years end. Bitcoin may be worth 5 to 15 billion then.
We will see winners and losers. There will be drama ahead.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
...
I'm not worried. Just pointing out the obvious pattern:
"Oh I can't tolerate BTC that has a fee market, it's unacceptable if fees go up, the solution to spam can't be to make txs more expensive" ...
I'm not worried. Just pointing out the obvious pattern:
"Oh I can't tolerate BTC that has a fee market, it's unacceptable if fees go up, the solution to spam can't be to make txs more expensive" ...
Not sure where you're getting this. Most are fine with having a "fee market." It's creating demand by imposing production quotas (1MB cap) that most don't want.
Criticism varies.
"Ohhh my tx didn't go in with 1c", "bitcoin is unreliable because fees fluctuate", "I don't want a fee market because it excludes the poor", "3tx/s are too little", "fuck the 1mb central planners" etc etc.
You might be missing the point.
It's not that the fees are high, but that they'd have to be ~$6.00 per tx, at current exchange rate and current block size limit, for Bitcoin to stop relying on subsidies (block reward). $6 per transaction, with BTC exchange rate @ $400, is too damn high.
To replace subsidy you'd need 100MB blocks, assuming that there is 100x demand, and that the quality of this demand is on par with our current top-tier urgent txs that are paying 0.06$ per tx.
The problem is that 100MB blocks don't work. And it's not "Core's fault". And it's not like Gavin Andersen or Classic can make them work either. This type of size will eventually work as software and hardware technology evolves.
what is wrong with subsidies? everybody knows they are needed to boot strap the system. in the long run no one is in favor of subsidies.
answer this simple question: how much breast milk is right for your baby? when do you think your baby will be grown big enough to start eating on its own?