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

[Fatman3001]

What does it mean when a permabull such as myself has gotten the point of apathy at even a small rise?  I mean I guess I am happy with a few dollar increase but I am certainly not expecting much at this point.  Perhaps that is the true sign we have reached the bottom though? 

I am also expecting not that much but you never know it here. I just cashed out a half bitcoin so I would be painfull if it's gonna raise hard now.

Hang in there!
I believe the restricted transaction capacity is the only thing holding bitcoin back at the moment.
But it's not an impossible problem. Actually, I think it's pretty easy to solve by sharing the work of verifications between the miners.
And many groups of people are working on this specific problem now from different angles.
Hopefully, we will see some very good solutions before or during the bitcoin scaling conference in Hong Kong in december.
I believe this question is a lot more relevant to the price than the halving next year because daily mined coins is just a small fraction of the global trading volume per day.

I too worry about the scaling issue, but I don't think that's going to hold the price back if we get a bit of momentum going. I wouldn't wait for that to be resolved, get them coins now while they're still hot!!!

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[BayAreaCoins]

Bad news = Bitcoin up

[Norway]

What does it mean when a permabull such as myself has gotten the point of apathy at even a small rise?  I mean I guess I am happy with a few dollar increase but I am certainly not expecting much at this point.  Perhaps that is the true sign we have reached the bottom though? 

I am also expecting not that much but you never know it here. I just cashed out a half bitcoin so I would be painfull if it's gonna raise hard now.

Hang in there!
I believe the restricted transaction capacity is the only thing holding bitcoin back at the moment.
But it's not an impossible problem. Actually, I think it's pretty easy to solve by sharing the work of verifications between the miners.
And many groups of people are working on this specific problem now from different angles.
Hopefully, we will see some very good solutions before or during the bitcoin scaling conference in Hong Kong in december.
I believe this question is a lot more relevant to the price than the halving next year because daily mined coins is just a small fraction of the global trading volume per day.

I too worry about the scaling issue, but I don't think that's going to hold the price back if we get a bit of momentum going. I wouldn't wait for that to be resolved, get them coins now while they're still hot!!!

Yes, buy & hold now. Then buy some more and hold that too. It will not be possible to preditct the timing of the next boom. The price could double in just a few minutes.

[adamstgBit]

really liking how we poked past the weekly high, i think we're just about ready to jump to 250+ , give it a week or two

[yefi]

Yes, buy & hold now. Then buy some more and hold that too. It will not be possible to preditct the timing of the next boom. The price could double in just a few minutes.

Femtosecond bubble to 4000, then femtosecond crash to 10.

[Fatman3001]

really liking how we poked past the weekly high, i think we're just about ready to jump to 250+ , give it a week or two

Hold on, I'm just gonna....

[Norway]

Let's hope Janet Yellen's speak in two hours start a rally. Gold have increased all day.
But I doubt it.

[LFC_Bitcoin]

What does it mean when a permabull such as myself has gotten the point of apathy at even a small rise?  I mean I guess I am happy with a few dollar increase but I am certainly not expecting much at this point.  Perhaps that is the true sign we have reached the bottom though? 

Don't get too excited, we've been here many times thinking we've seen the bottom. Just HODL & keep accumulating. Anything below 300 is cheap coins imo.

We have to sit tight & HODL for at least another 5 years then we might start to see something to get excited about. Still very early days.

[ChartBuddy]

Coin
Explanation

[Norway]

What does it mean when a permabull such as myself has gotten the point of apathy at even a small rise?  I mean I guess I am happy with a few dollar increase but I am certainly not expecting much at this point.  Perhaps that is the true sign we have reached the bottom though? 

Don't get too excited, we've been here many times thinking we've seen the bottom. Just HODL & keep accumulating. Anything below 300 is cheap coins imo.

We have to sit tight & HODL for at least another 5 years then we might start to see something to get excited about. Still very early days.

In 5 years, I will buy this underwater ass rocket! 

[adamstgBit]

this is gentlemen

[Fatman3001]

What does it mean when a permabull such as myself has gotten the point of apathy at even a small rise?  I mean I guess I am happy with a few dollar increase but I am certainly not expecting much at this point.   Perhaps that is the true sign we have reached the bottom though?  

Don't get too excited, we've been here many times thinking we've seen the bottom. Just HODL & keep accumulating. Anything below 300 is cheap coins imo.

We have to sit tight & HODL for at least another 5 years then we might start to see something to get excited about. Still very early days.

^
LFC thinks we might not reach the moon this week. I'd call that despair.



There, there, you tired scouse. You'll be planting the Liverpudlian flag in no time.

[Fatman3001]

this is gentlemen

[Fatman3001]

Neither Bitcointalk nor Bitfinex has crashed. Bullish!

[julian071]

Neither Bitcointalk nor Bitfinex has crashed. Bullish!

lol

[adamstgBit]

this is the bottom

[rjclarke2000]

this is the bottom

V nice too

[ChartBuddy]

Coin
Explanation

[fichtn12345]

this is the bottom

Confirmed!

[JayJuanGee]

did circle get hacked ?? https://www.reddit.com/r/BitcoinMarkets/comments/3m2czq/circle_temporarily_pauses_deposits_and_withdrawals/

Seems like FUD to me.... my circle account doesn't seem to have any pauses in buying or selling ---- it only appears that they changed the amounts instantly available to $0, but that seems to have happened a few days ago.

I've been looking a little more into this Circle matter:

Regarding the various other recent changes in Circle (besides the ability to instantly convert the whole BTC holdings to dollars), I find the various other changes to be very interesting… and NOT necessarily as negative for BTC, as was my first impression regarding those changes.

My first impression was that the recent Circle changes were a negative development for bitcoin because those changes seemed to have caused significant ease to convert BTC into dollars, and therefore, it seemed as if Circle was moving away from its supposed embracing of the BTC world  - however, upon further study of Circle’s recent publications, I found that there are likely ways in which Circle account holders could strategically employ the newly available tools to his/her advantages... there are increased buy/sell limits and increased abilities to send larger amounts, and no fees with converting from BTC to dollars and back to BTC within the Circle account, as long as you do NOT cash out (even though those events are considered taxable events - at least Circle is claiming them to be so, which means that they will likely report conversions back and forth to the IRS).

Here’s a couple of the links to the recent publications (the first is a Circle blog post and the second is on Circle’s help pages):


http://blog.circle.com/2015/09/22/us-dollar-payments-free-debit-cards-circle-app-updates/



https://support.circle.com/hc/en-us/articles/205957800-What-is-the-difference-between-adding-money-from-a-debit-credit-card-and-bank-account-