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

[toknormal]

It's clear we are going to the moon because all corrections have now been washed out and the 1-day chart is about to cross over.

The reasons it went down that I highlighted here (whales dumping on technical indicators) have now completed their corrections and those very same indicators have now reversed and are showing a "too the moon" fertile market as batteries are now back fully charged.

Selling now would be sheer lunacy because there is no selling momentum left, the timing appears to be inch perfect to co-incide with an actual 50% drop in supply rate due to halving, there is about to be press coverage, central banks are starting another round of easing, Lightning Network is about to go live - destroying criticisms about capacity problems, Brexit pushed the world economy closer towards a decentralised world of uncertainty, the network hashrate keeps going ballistic making a joke out of closed loop banking "blockchain" technology and its only a matter of time before that lightbulb goes on in the minds of hedgefunds.

[1714149961]

1714149961

[1714149961]

1714149961

[1714149961]

1714149961

[AmazonStuff]

That $700 ASK wall just shrunk from 7500BTC to 2500BTC, I think it's going to be eaten soon

[Its About Sharing]

To the minute eh? The rumors/posting were out hours before the jump, and the lack of any denial from the miners escalates the chance these events were correlated.

p.s. *gasps

Possibly, but the timing no longer coincides well. Also, such a development would surely instill uncertainty, which is not bullish.

p.s. /me performs a tracheotomy to aid your breathing.

A year ago uncertainty was scary, 6 months ago uncertainty was scary, 4 months ago... "individuals" said some nice things and took some pictures, and made a deal they don't intend to keep. Now... well... hell, it almost feels like a relief someone is calling the big bluff.

P.S. murder isn't cool you two

Your version of history is a whole hell-of-a lot of nonsense spinning and grasping at straws.

The reality of the matter is that what had happened 6 months ago, is that BTC prices shot up from $200 to $500.. and this shooting up was in part because of ongoing BTC price suppression that had lasted more than a year, and the price shot up because the bears couldn't really keep it down anymore, inspite of attempts to spread nonsense..  then after the price shot to $500 and came back down a bit of price battling back and forth settled back down into the $360 to $460 range.  

I would hardly call that scared uncertainty in the bitcoin space, even though a lot of FUCD was being spread around during those few months that BTC prices floated largely in the $360 to $460 range.

Yeah, sure, four months ago, we got some additional FUCD spreading... coupled with rage quitting and hyperbole.. . but really, by the time mid-to-end of May came along. ... and even with the fairly heavy Ethereum pumping, folks began to realize that bitcoin really is not broken as had been hyped and continued to be hyped by marginal loud mouth nonsense spreading shills...

Anyhow, in late May, we broke passed $500, and there is considerable amount of difficulties for bears and anti-bitcoiners in attempting to put the genie back in the bottle and to attempt to get BTC prices to go back down, below $500 would be good for these kinds of anti-bitcoin folks...

So, upward we go, and upward pressure we continue to experience, and surely it wouldn't be a good time to be a bear under current market upwards price pressures, no?

Something to add to the picture is that with all the talk of the halving, EVERYTHING to this point and till the halving is speculation. The real halving will occur when the daily supply is halved. So, the months following Friday the 8th or so, will really show us the affects. We have to consider if selling of existing coins will be able to make up the difference in the lowered supply and I really really doubt it will.

Who will sell their stored existing coins shortly after halving day when they know they will get a better price by holding them for a few months? The only people selling shortly after halving day will be the ones who need to pay bills and don't have any other savings. Everyone else will be holding.

Yeah, that is my bet too. Only short term speculators will be selling in any quantities of note.
Forgot to mention that Bitcoins use case is of course rising, but the more relatively recent rise (from 250 ish on up) I think is due to miners not selling as much along with demand (mostly speculative) rising and not really slowing down much. We might be on the heels of 3000 plus here and then???

[marcus_of_augustus]

book $730 ...

[aztecminer]

while pms rocket higher on brexit, cryptos doing nothing .. this proves cryptos are not regarded as safe havens.. with the scaling issue lingering = storm clouds doomsville gathering on the horizon for bitcoin

Was that post supposed to be a joke ?

If adoption is an objective of a new monetary medium then capacity issues is a problem you DO want to have  

i still have cold storage.. but no its not a joke. .. if u read around u would learn that lack of programming is the reason why gdax happened .. because they believe ether has more promise programming wise.. while bitcoin keeps NOT addressing the problems. this aint getting adopted. only people in it are speculators and manipulators.. the reason bitcoin did not pump for brexit is because the manipulators are against brexit . problem for them is they revealed that bitcoin is not a considered a safe haven. no one went into bitcoin for brexit. everyone is going into pms instead. the joke here is that u actually think having a scaling issue lingering for longer than a year is a good thing . i believe it will be used as a reason to crash this back down.. otherwise, why is it not fixed.. why hold back ?? its bullshiat this issue lingered this long. i read last night chinese miners thinking about forking .

http://www.newsbtc.com/2016/07/01/chinese-miners-allegedly-planning-hard-fork-bitcoin/

[marcus_of_augustus]

^^propaganda central is getting cranked up again ... the old "I got some in cold storage but ... concern troll, fud-blah-fud ..." trick

at least change it up a bit and keep it interesting, you're just braindead stupid and boring.

[aztecminer]

^^propaganda central is getting cranked up again ... the old "I got some in cold storage but ... concern troll, fud-blah-fud ..." trick

at least change it up a bit and keep it interesting, you're just braindead stupid and boring.

stating the facts bud.. u dont have to like em.

[marcus_of_augustus]

^^propaganda central is getting cranked up again ... the old "I got some in cold storage but ... concern troll, fud-blah-fud ..." trick

at least change it up a bit and keep it interesting, you're just braindead stupid and boring.

stating the facts bud.. u dont have to like em.

your 'facts' are just old, boring, oft-repeated lies (aka propaganda) that have been argued to death and thoroughly well-refuted, what's to like about that?

but keep cranking that klaxon handle and keep your monkeys dancing, some drooling idiots like to stand around and watch the show from time to time ... hey they might throw a copper penny or two in your hat now and then.

[toknormal]

if u read around u would learn that lack of programming is the reason why gdax happened .. because they believe ether has more promise programming wise

Well, Ethereum is a programming language so I sure hope it would have. But if I'm going to invest in a monetary asset then I won't pick a 'programming language', nor would any other investor with half a brain.

only people in it are speculators and manipulators

Thats who SHOULD be in it if it's doing its job. Anyone who holds a pure monetary asset for no other reason than they think it will hold its value is by definition a speculator.

.. the reason bitcoin did not pump for brexit is because the manipulators are against brexit

Or maybe you're just trying to rewrite history to make yourself feel better about your position  

[BlindMayorBitcorn]

^^propaganda central is getting cranked up again ... the old "I got some in cold storage but ... concern troll, fud-blah-fud ..." trick

at least change it up a bit and keep it interesting, you're just braindead stupid and boring.

stating the facts bud.. u dont have to like em.

your 'facts' are just old, boring, oft-repeated lies (aka propaganda) that have been argued to death and thoroughly well-refuted, what's to like about that?

but keep cranking that klaxon handle and keep your monkeys dancing, some drooling idiots like to stand around and watch the show from time to time ... hey they might throw a copper penny or two in your hat now and then.

At least BJA was good at it. What happened to that guy?

[podyx]

At least BJA was good at it. What happened to that guy?

Probably shorted and lost all his shit lol

Dude's probably gonna be back in a couple years telling us about how bitcoin is a failed experiment

JK IDK

[becoin]

Anyone who holds a pure monetary asset for no other reason than they think it will hold its value is by definition a speculator.

LOL. How about anyone who holds a non-monetary asset for no other reason than they think it will hold its value?

[aztecminer]

^^propaganda central is getting cranked up again ... the old "I got some in cold storage but ... concern troll, fud-blah-fud ..." trick

at least change it up a bit and keep it interesting, you're just braindead stupid and boring.

stating the facts bud.. u dont have to like em.

your 'facts' are just old, boring, oft-repeated lies (aka propaganda) that have been argued to death and thoroughly well-refuted, what's to like about that?

but keep cranking that klaxon handle and keep your monkeys dancing, some drooling idiots like to stand around and watch the show from time to time ... hey they might throw a copper penny or two in your hat now and then.

which part of "bitcoin still doesn't scale" is a lie ?? which part of "pms rocketed up while crytos did nothing during brexit" is a lie ?? speculating about bitcoin coming back down after halvening hype is not a lie.. it is speculation.. ur mad cuz ur not hearing me say "#moonshot .. rocket is about to lift.... the train leaving the station... get ready to buy a boat." like the rest of the herd ... there is a reason why these fools are not fixing the scaling issue.. either they are incompetent or something else is going on .

[toknormal]

LOL. How about anyone who holds a non-monetary asset for no other reason than they think it will hold its value?

Non-monetary assets have very different properties.

In particular, they depend on accruing value by productive growth. (i.e. they actually need to keep developing to stay ahead). Thats why, say, the likes of Ethereum have a big challenge because they can't rely on being the "first" to market. It can be much more easily replaced than bitcoin can and are exposed to the "MySpace - Facebook" phenomenon in a way that Bitcoin isn't.

We've already seen that by virtue of there having been hundreds of more technologically advanced alt-coins which haven't even put a dent in Bitcoin's marketcap. On the other hand, if a more technologically advanced smartcontract blockchain emerged it WOULD be likely to put a dent in ethereum's marketcap.

[becoin]

LOL. How about anyone who holds a non-monetary asset for no other reason than they think it will hold its value?

Non-monetary assets have very different properties.

In particular, they depend on accruing value by productive growth. (i.e. they actually need to keep developing to stay ahead). Thats why, say, the likes of Ethereum have a big challenge because they can't rely on being the "first" to market. It can be much more easily replaced than bitcoin can and are exposed to the "MySpace - Facebook" phenomenon in a way that Bitcoin isn't.

We've already seen that by virtue of there having been hundreds of more technologically advanced alt-coins which haven't even put a dent in Bitcoin's marketcap. On the other hand, if a more technologically advanced smartcontract blockchain emerged it WOULD be likely to put a dent in ethereum's marketcap.

You didn't answer my question!

Why anyone holding a non-monetary asset, for no other reason than they think it will hold its value, is NOT a speculator?
Why anyone holding say a house, for no other reason than they think it will hold its value, is NOT a speculator?

[toknormal]

Why anyone holding a non-monetary asset, for no other reason than they think it will hold its value, is NOT a speculator?

Sorry. yes - you are right. Someone who holds a non-monetary asset, for no other reason than they think it will hold its value IS a speculator.

[yefi]

bitcoin isn't higher than yesterday.

is crypto done?? 

LOL
nice gif

Ha ha, I thought that was just the old one, but yeah, that's a nice addition there 

[toknormal]

Earwig. Low.

Hobular breakaway.

Titstamp crossing Zoo.

[JimboToronto]

Good morning Bitcoinland.

I see we're continuing to inch slowly upward.



Seems like staying over $600 is a done deal and now we can focus on the immediate goal of getting and staying over $700.

[becoin]

Why anyone holding a non-monetary asset, for no other reason than they think it will hold its value, is NOT a speculator?

Sorry. yes - you are right. Someone who holds a non-monetary asset, for no other reason than they think it will hold its value IS a speculator.

Of course. But there is more than that. Anyone who holds a pure monetary asset, for no other reason than they think it will hold its value, is NOT a speculator!

People that hold for that purpose non-monetary value are creating asset bubbles which distort price signals in economy. That is why they ARE speculators. People that hold pure monetary value make those asset bubbles burst thus help economy correct and heal itself. That is why they are NOT speculators. They are savers!