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

[springgers]

Looks like we are going for sub 800$, thank you BU FUD for cheap coins

Where are you getting your info from friend?
I said $725 as york780 said he is predicting but now I see him saying 900EUR which is over $1000. So I don't know where he is pulling these numbers from.
And now people are taking about splitting it just like ETH did with the ETClassic crap but with BU?
This is madness.
 

[Killerpotleaf]

This is madness.

[Holliday]

7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).

There is already several 10s of thousands transactions waiting for confirmation at most times. As you said, the chaos of a contentious hard fork would possibly increase transaction rates for a time (there will definitely be a lot of people disassociating their bitcoins coins from BUtcoins, which requires transactions). Also, there is the potential for additional spam attacks on both chains. I expect that should BU fork, they will go with the default size of 16 MB at first, just because who changes default settings? I fully expect those BU blocks to be full for a long time (they may even increase soon because of that, I mean, that is their MO). That means, in 60 days the BU chain will have doubled the size of the existing 8 year old chain, plus some.

Just something to ponder.

[york780]

Honey badger destroyed , so 900 EUR confirmed. It looks like we wont see the price go below 1000$ Congrats USA hodlers, we europeans got rekt once again !

[Ted E. Bare]

At 30m and 1h; could that be a W-shaped bottom forming?

[springgers]

This is madness.

I was just thinking of that saying and am going to rebuke it with.....

This is SPARTAAAAAAAAAAAAAAAAA!

Ethereum should know this of BITCOINNNNNNN!

Do not mess with the beast!
 or you will get your head chopped off.
Let Dash hear this now!

[york780]

W shaped bottom already occured, still going down so that means a C wave !

[Killerpotleaf]

7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).

There is already several 10s of thousands transactions waiting for confirmation at most times. As you said, the chaos of a contentious hard fork would possibly increase transaction rates for a time (there will definitely be a lot of people disassociating their bitcoins coins from BUtcoins, which requires transactions). Also, there is the potential for additional spam attacks on both chains. I expect that should BU fork, they will go with the default size of 16 MB at first, just because who changes default settings? I fully expect those BU blocks to be full for a long time (they may even increase soon because of that, I mean, that is their MO). That means, in 60 days the BU chain will have doubled the size of the existing 8 year old chain, plus some.

Just something to ponder.

default setting for BU is 1MB

[tk3609]

Looks like we are going for sub 800$, thank you BU FUD for cheap coins

Where are you getting your info from friend?
I said $725 as york780 said he is predicting but now I see him saying 900EUR which is over $1000. So I don't know where he is pulling these numbers from.
And now people are taking about splitting it just like ETH did with the ETClassic crap but with BU?
This is madness.
 

800 is a resistance level, a major one I would add. I don't know what you or york780 were saying, or why are you changing your mind. 1000$ excluding psychological factor is meaningless retracement level.

[Holliday]

7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).

There is already several 10s of thousands transactions waiting for confirmation at most times. As you said, the chaos of a contentious hard fork would possibly increase transaction rates for a time (there will definitely be a lot of people disassociating their bitcoins coins from BUtcoins, which requires transactions). Also, there is the potential for additional spam attacks on both chains. I expect that should BU fork, they will go with the default size of 16 MB at first, just because who changes default settings? I fully expect those BU blocks to be full for a long time (they may even increase soon because of that, I mean, that is their MO). That means, in 60 days the BU chain will have doubled the size of the existing 8 year old chain, plus some.

Just something to ponder.

default setting for BU is 1MB

My mistake, I was remembering this post from PeterR.

I'm signalling to miners that I'm ready for bigger blocks by running a node which permits up to 16 MB today.

...and I somehow was under the impression that was default.

Still, BU will increase the size, because there will be a back log of transactions (one already exists in most cases), and blocks will be slower than normal because the hash rate will be divided (further increasing the back log). I mean, that's the goal of BU, isn't it? Scale on chain to get rid of this back log and reduce fees for coffer drinkers?

[york780]

800 is only possible with more FUD, and i doubt that. But a lot of people stept in around 800 so maybe everyone is trying to abandon ship hen we go down below 1000 EUR. Only thing that we can do is wait. 1000 EUR is not going to hold as it look right now, bulls dont have the muscle anymore and have already bought other dips.

We can see that the market drops have changed. No flash crash anymore, but non stop decline with bounce backs from bulls and other risk seekers. A dip is easy to make profit with, but this.. Dont buy in too early !

[becoin]

800 is only possible with more FUD, and i doubt that. But a lot of people stept in around 800 so maybe everyone is trying to abandon ship hen we go down below 1000 EUR. Only thing that we can do is wait. 1000 EUR is not going to hold as it look right now, bulls dont have the muscle anymore and have already bought other dips.

We can see that the market drops have changed. No flash crash anymore, but non stop decline with bounce backs from bulls and other risk seekers. A dip is easy to make profit with, but this.. Dont buy in too early !

Stop whining and start buying!

[tk3609]

800 is only possible with more FUD

I like to think that FUD and FOMO are just an excuses for things that are bound to happen regardless.

[podyx]

Not looking good at all right now

[Holliday]

7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).

There is already several 10s of thousands transactions waiting for confirmation at most times. As you said, the chaos of a contentious hard fork would possibly increase transaction rates for a time (there will definitely be a lot of people disassociating their bitcoins coins from BUtcoins, which requires transactions). Also, there is the potential for additional spam attacks on both chains. I expect that should BU fork, they will go with the default size of 16 MB at first, just because who changes default settings? I fully expect those BU blocks to be full for a long time (they may even increase soon because of that, I mean, that is their MO). That means, in 60 days the BU chain will have doubled the size of the existing 8 year old chain, plus some.

Just something to ponder.

default setting for BU is 1MB

    Ability to change default block size to any value, and default accept size.
    If blocksize is larger than accept size and it is not N deep, (N number of blocks) set by user it is not immediately processed.
    Message accept size is limited to 10x the accept size set by the user. Any block over this will be rejected to prevent attacks with large blocks.
    Defaults are 1MB, N=4, 16MB accept size if n deep, and 160MB reject size.

Maybe you could clear that up for those of us who don't follow BU? It seems like a default client would accept 16 MB blocks (after 4 blocks?), but it's all Greek to me.

[Lauda]

Not looking good at all right now

It continues to drop lower and lower thanks to the BTU idiots. They will get their altcoin listed as BTU on exchanges according to the new agreement.


Ghost walls being removed.

[Torque]

Get ready for dat bounce

[600watt]

btc-e is leading in price, followed by OKcoin. stamp and finex lowest. kudos to strong hands.

[Pruden]

Get ready for dat bounce

QFT

[boyshx]

Efit