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

[chokesir]

Bitcoin is in a nice state right now. I hope to see some higher prices in the near future.
It will surely be a good investment, atleast that's what I think.

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[ChartBuddy]

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[ChartBuddy]

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[mymenace]

Bitcoin is in a nice state right now. I hope to see some higher prices in the near future.
It will surely be a good investment, atleast that's what I think.

I agree

in australia there is a democratic party using bitcoin as a voting system

https://voteflux.org/

luvin it

the many ways in which bitcoin can be used

[AlexGR]

Bitcoin Difficulty:   144,116,447,847
Estimated Next Difficulty:   174,718,129,659 (+21.23%)
Adjust time:   After 1832 Blocks, About 11.7 days
Hashrate(?):   1,174,056,153 GH/s
Block Generation Time(?):   
1 block: 9.2 minutes
3 blocks: 27.6 minutes
6 blocks: 55.2 minutes

[marcus_of_augustus]

You can't win, smallblockers. It doesn't matter who you DDoS or what other dirty tricks you pull, when the market tanks, the miners will switch to big block code.

Only losers like you and big-blockheads harbour delusions of win-lose zero sum games, your ego needs it. The market could care less. All this for a measly 1MB blocksize raise, are you nutz?

[billyjoeallen]

You can't win, smallblockers. It doesn't matter who you DDoS or what other dirty tricks you pull, when the market tanks, the miners will switch to big block code.

Only losers like you and big-blockheads harbour delusions of win-lose zero sum games, your ego needs it. The market could care less. All this for a measly 1MB blocksize raise, are you nutz?

in the free market, it's not zero sum. A trade is always win-win or it doesn't happen. For example, you cripplecoiners can't see any price appreciation without making me a nice profit as I cash out. if p rice stays down or goes even lower, I'll hold because it means the market is rejecting your "ethos" and the miners are more likely to reject your broke dick code.

[marcus_of_augustus]

http://xtnodes.com/ classic crashed and burned already ... oh well should be good for everybody.

Quests of futility can be character building and educational for those less fortunate in the mettle and brains departments.

[ChartBuddy]

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[JayJuanGee]

You can't win, smallblockers. It doesn't matter who you DDoS or what other dirty tricks you pull, when the market tanks, the miners will switch to big block code.

...or to a more FUD-resistant coin. Mission accomplished.

Well, even if I would like to switch I wouldn't know to witch coin I could...

The fact of the matter is that there is nothing even close or in the ballpark or even approaching.

Even if one of the alts rises to the level of 1/5 of BTC's market cap, if there is not an equivalent level of security (for example 1/5 of bitcoin's hashing power or some other equivalent measure of security and/or power and/or network), then there may be a question regarding whether the alt is even worth 1/5 of bitcoin?

[Mrpumperitis]

https://plutus.it/
If you hold any bitcoin, you know how difficult it is to spend them, especially if you consider brick & mortar stores. Often impossible. This is what makes Plutus an optimal use case and killer app for miners, entrepreneurs, freelancers and anyone else who earns bitcoin.
Spend Bitcoin anywhere.

[ChartBuddy]

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[craked5]

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Back to the topic of the thread (the original one):
Does anyone have an explanation for the volatility? Just the weekend or is there an event I didn't hear of?

[ChartBuddy]

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[craked5]

Damn, and here we go with 5 charts EXACTLY identical!

I really don't get a grasp of understanding of this market xD

[Elwar]

http://xtnodes.com/ classic crashed and burned already ... oh well should be good for everybody.

Quests of futility can be character building and educational for those less fortunate in the mettle and brains departments.

Second most used wallet, after just being released (is it officially released yet?) does not sound like "crashed and burned".

[JayJuanGee]

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Back to the topic of the thread (the original one):
Does anyone have an explanation for the volatility? Just the weekend or is there an event I didn't hear of?

Have you heard of Chinese New Years.? have you heard of bitcoin scaling FUD?  Have you heard of consolidation?



Towards the end of last week (Friday, I think that it was), I was quite nervous that BTC prices were going to retest $350..

To me it seemed that the downward price movement of about $10 was fairly rapid and on fairly low volume.


Even though currently, the price seems to be trending towards the upward end of the current volatility range, somewhat on low volume, surely, such retest of $350 could still happen within the next few days (because the price is quite closely within striking distance of such a potential retest).

On the other hand, such a retest is not inevitable, so it seems best to prepare your BTC portfolio for price movements in either direction.

I don't really buy into some of the assertions that give any significant attribution to the Chinese exchanges in directly impacting and moving BTC prices; however, there could be some indirect effects with their volume and trading and possibly even some stagnation in BTC price movements in the coming week or so (due to the Chinese new years observation that seems to be taking place this week and the likely decrease in trade volume and decreased ability for the Chinese to move fiat around in the coming week - because they close a lot of the banks during the Chinese New Years observation period).

It's kind of a guess.

Currently, I am probably a little more inclined to predicting a 5% downward movement rather than a 5% upward movement (But it is close - about 51% to the down / 49% to the up).

On the other hand, if the price movement is 10% or more, at this time, I am a bit more inclined to believing that 10% adjustment from where we are at would be upward rather than downward (Maybe about 55% to the up and 45% to the down)

All of this anticipation in spite of the ongoing scaling debate, which seems to be more and more of a non-issue (even though it keeps coming up as a supposed price problem).

[ChartBuddy]

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