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

[kevin08]

Fuck me.  It's hard to imagine a worse call.  Well, the market has spoken and the market always gets the last word.

You can help me eat a shoe.

May I suggest pressure-cooking it?
If I'm not mistaken, the first advertised use for pressure cookers was cooking down bones. Leather would be trivial

Pft. Who can afford to eat leather these days?

During the Klondike gold rush people could afford to eat their shoes as Charlie Chaplin did in his gold rush movie, but people are poorer these days. Besides that half the shoes in today's stores are either plastic or "leather coated plastic", which means they glued a millimeter thick layer of leather over the plastic. Plastic's not edible unless it's a MacDonalds.

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[Laosai]

Coin



Explanation

Damned, I was sure we were going to crash after the 400... good I waited, I'm hesitating into oppening a short right now!

[JimboToronto]

Plastic's not edible unless it's a MacDonalds.

Shoe leather's not edible unless it's Montana's, Kelsey's etc.

[tomothy]

Plastic's not edible unless it's a MacDonalds.

Shoe leather's not edible unless it's Montana's, Kelsey's etc.

Hey Jimbo! What's the good word? Any idea where this current move is going? I thought we'd be going down and sideways a bit longer. Really didn't expect this! How's the weather?

[ChartBuddy]

Coin



Explanation

[Chef Ramsay]

Red dragon territory is over, overbought is near or above $500 going forward and receding by the hour. Moon incoming, short deez nuts.

[aztecminer]

and market is ( or was at least ) pricing in this Mage FUD   buy buy buy!

Ahah! Like this point of view

But yeah seems like the size issue is actually gonna be resolved more or less democratically!

when ?? its been NINE MONTHS of this democratic election.. i callin bullshiat on it.

[Meuh6879]

https://duckduckgo.com/?q=shenzen+clock&t=ffab&ia=time

4h20 before monday in China.



Keep the doors open ... Investissors need to escape from wallstreet into ... Bitcoin.

[ChartBuddy]

Coin



Explanation

[bankingbtc]

the price is on the rise, i am wondering how much it will go at such high numbers

[TReano]

the price is on the rise, i am wondering how much it will go at such high numbers

as long as we are not printing a new high above 425$ (BFX) I won't worry too much about high numbers

[JayJuanGee]

Fuck me.  It's hard to imagine a worse call.  Well, the market has spoken and the market always gets the last word.

I'm glad that you are willing to admit your bad call;  however, I always assert that we can really never know for sure the shortest term price direction unless we happen to be a whale that is able to push it with 10k or more coins  (and/or equivalent in dollars maybe on bitstamp?).

On the other hand, BTC prices had been lingering for so long in the upper $300s after the Hearn fiasco.. and then attempts at pushing it below $350 had really not been going anywhere... at least not yet... and also people seem to be kind of less convinced that there is any real material issue that is dragging down bitcoin as Hearn was arguing.... I mean seeing through the apparent propaganda...

So far this uptrend has not been on very high relative volume (at least from my perspective), so that causes me to believe that it could be put to a halt or reversed with some voluminous dumping (maybe 10k coins would be sufficient?)

[JayJuanGee]

Fuck me.  It's hard to imagine a worse call.  Well, the market has spoken and the market always gets the last word.

Depends if you can hold your shorting. Price is going to fold further. It's impossible to hold the 400 forever.

You probably weren't around in 2013.  They said it was impossible to hold $100 too.

Look at you     

Turning bullish, right before our very eyes... 


 


 

[Le Happy Merchant]

I love seeing a flat line on the 24h chart

[JimboToronto]

Hey Jimbo! What's the good word? Any idea where this current move is going? I thought we'd be going down and sideways a bit longer. Really didn't expect this! How's the weather?

I think we're just still recovering from the panic caused by the Mike Hearn BS. We'd been above $400 for over a month before that crap.

If I had to guess at the ongoing trend, I'd say we're probably going to continue creeping slowly up, at least until the Chinese new year season is done. After that we might see a more significant movement, hopefully up.

The weather? Freaking cold. Halfway through one of the mildest Februaries on record, we get a real cold snap, -26C with a windchill of -33. Brrr. Time to put the soup pot on.

[BlindMayorBitcorn]

Hey Jimbo! What's the good word? Any idea where this current move is going? I thought we'd be going down and sideways a bit longer. Really didn't expect this! How's the weather?

I think we're just still recovering from the panic caused by the Mike Hearn BS. We'd been above $400 for over a month before that crap.

If I had to guess at the ongoing trend, I'd say we're probably going to continue creeping slowly up, at least until the Chinese new year season is done. After that we might see a more significant movement, hopefully up.

The weather? Freaking cold. Halfway through one of the mildest Februaries on record, we get a real cold snap, -26C with a windchill of -33. Brrr. Time to put the soup pot on.

That country of yours isn't fit for human habitation. You might as well be on Mars!

[ChartBuddy]

Coin



Explanation

[shmadz]

Hey Jimbo! What's the good word? Any idea where this current move is going? I thought we'd be going down and sideways a bit longer. Really didn't expect this! How's the weather?

I think we're just still recovering from the panic caused by the Mike Hearn BS. We'd been above $400 for over a month before that crap.

If I had to guess at the ongoing trend, I'd say we're probably going to continue creeping slowly up, at least until the Chinese new year season is done. After that we might see a more significant movement, hopefully up.

The weather? Freaking cold. Halfway through one of the mildest Februaries on record, we get a real cold snap, -26C with a windchill of -33. Brrr. Time to put the soup pot on.

Meanwhile it's like plus 5 in Edmonton... Thanks for swapping weather with us this year!

[JayJuanGee]

If I want to talk about smart contracts do you think I have to go to altcoin discussion?

Isn't that going to be more technologically practical on bitcoin (rather than an alt) after the implementation of Seg wit?

We've been together long enough now that you should know technical question are beyond my ken, as it were. But I think CLTV is a more important feature for smart contract type thingys. I made a thread about it that got shuffled around a lot. Feel free to contribute.

I also made a thread about criminal smart contracts. No ideas so far.

I don't really know too much about some of the technical applications either, so I rely on various representations from others.

I made my earlier post because I thought that some credible technical people (I cannot recall exactly where I saw it) were asserting that segwit brings a lot to the table, including (hypothetically) making it more feasible to absorb ethereum as a side-chain (if that were a potential goal of bitcoin to add such utility).

Anyhow, I thought that seg wit, to some extent, allowed the separation of some of the more secure (financial) aspects of bitcoin from the aspects of bitcoin that is not as necessary to be so secured in an immediate way... thus some smart contracts etc could be on the non financial side of bitcoin's chain, once seg wit is implemented and various technical bridges are built upon it.


I will look at your threads, too.  I'm not sure about today, because I have some valentine (whatever) obligations that may distract me a bit from getting to it.  hahahaha

@ BMB - whether I understand the various points of your above two thread creations or not, I did make a commentary post on the first thread that you referenced above.   

Certainly, a lot of us remain challenged in various technical applications of bitcoin, and that is what makes bitcoin so challenging, interesting and likely world changing to recognize some ways in which our world has been ROCKED and will continue to be rocked by these various inventions and innovative attempts at applying bitcoin to world interactions.

hahahaha.. you, BMB, also seem to be a bit of a humble bumble because even though you claim to not understand anything technical about bitcoin, it does require some technical knowledge to ask some of these various technical questions and to identify some of the ongoing technical challenges underpinning various bitcoin application discussions.

[Fatman3001]

Hey Jimbo! What's the good word? Any idea where this current move is going? I thought we'd be going down and sideways a bit longer. Really didn't expect this! How's the weather?

I think we're just still recovering from the panic caused by the Mike Hearn BS. We'd been above $400 for over a month before that crap.

If I had to guess at the ongoing trend, I'd say we're probably going to continue creeping slowly up, at least until the Chinese new year season is done. After that we might see a more significant movement, hopefully up.

The weather? Freaking cold. Halfway through one of the mildest Februaries on record, we get a real cold snap, -26C with a windchill of -33. Brrr. Time to put the soup pot on.

I had to drive to my mine the other day. Checked weather forecast, it said -11C. When I got there it was -32C. I didn't notice before the metal in the car started making popping sounds. Weird stuff starts happening at that temperature.