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

[Karartma1]

Things like BTC don't happen easily in our life.

Merci beaucoup mon ami.

I'll drink to that if Bitcoin will keep being on of the most robust bugs of this rotten society.

When can all see they are tremendously scared.

By the way, good info in your infographic.

[Andre#]

Long squeeze, manipulation, or...

http://bitcoinist.net/okcoin-blame-bitcoin-price-fall/

[ImI]

Long squeeze, manipulation, or...

http://bitcoinist.net/okcoin-blame-bitcoin-price-fall/

I dont get it. The forced position was a "closed short", that means that a trader was forced to buy BTCs at market price and it fueled the little run up to $628.

But how should that explain the crash down to $600??

[savetherainforest]

I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

does adoption have anything to with price? I seriously doubt it. hype is what drives it and that's gonna continue being the case for a long time.

You have no clue if you are concluding that hype is the only thing that drives bitcoin price.  Sure, hype is a factor, but adoption is another factor, and there are other factors as well, so hopefully you can reconsider your current thoughts about the bitcoin price situation...      

This calculator is good at showing the many drivers of the bitcoin price (never left alpha stage but still pretty good)

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

From the link you shared.. I calculated this and...



My prediction for Bitcoin 2028 - 2031:

- near 20 million coins...

- almost 2 millions of them are lost...

- and it will be less and less volatile from a BTCitcoin Hodler's perspective.

[Elwar]

My prediction for Bitcoin 2028 - 2031:

- near 20 million coins...

- almost 2 millions of them are lost...

- and it will be less and less volatile from a BTCitcoin Hodler's perspective.

legit

[JimboToronto]

Good morning Bitcoinland.

Not much change... $608 on Bitcoinaverage.

Sideways is good, to a point.

[AlexGR]

My prediction for Bitcoin 2028 - 2031:

- near 20 million coins...

- almost 2 millions of them are lost...

My prediction is that unless there is some kind of measure taken to prevent quantum computers stealing old and "lost" coins, we can pretty much expect that all of these will be "recovered" or "stolen" (depending your perspective).

But then trolls will be like "Oh Theymos wants to steal Satoshi's coins"

[gentlemand]

My prediction is that unless there is some kind of measure taken to prevent quantum computers stealing old and "lost" coins, we can pretty much expect that all of these will be "recovered" or "stolen" (depending your perspective).

In that scenario all of Bitcoin is toast. As is the entirety of the internet in its present form. Let's hope something is done before this becomes a thing.

[JayJuanGee]

My prediction is that unless there is some kind of measure taken to prevent quantum computers stealing old and "lost" coins, we can pretty much expect that all of these will be "recovered" or "stolen" (depending your perspective).

In that scenario all of Bitcoin is toast. As is the entirety of the internet in its present form. Let's hope something is done before this becomes a thing.

Quantum computers recovering (or stealing) lost coins that are kept in old wallets does not rise to any kind of level of doom for the whole internet. 

If old coins are not moved, and kept in old wallets, those wallets become vulnerable to quantum computers, but newer wallets can take security measures in order that they are not vulnerable to the same quantum computer attacks.

There could be some kind of measures to protect the old non moving coins from such attacks, yet I think that if in a worser case scenario they are recovered (or stolen) by someone who has such quantum computing capabilities, there is no real end to bitcoin because at such point soon thereafter, those coins would be put into circulation and potentially just dilute the bitcoin market for a short period of time, and price will adjust to such dilution. 

[dloghwak]

Finex spike to 640 and no one cares.

[Elwar]

Finex spike to 640 and no one cares.

[DaRude]

Finex spike to 640 and no one cares.

Dafaq  glitch? or did ask side get refilled instantly?

[gentlemand]

Slippage on a 1k buy, no? It's not as if Bitfinex has the fattest walls compared to the old days. A bit of fun for everyone.

[JayJuanGee]

Slippage on a 1k buy, no? It's not as if Bitfinex has the fattest walls compared to the old days. A bit of fun for everyone.

Yep.  Forced me to have to set three buy back orders and to reset my three sell orders that got filled..

Works for me.


So, now a current question is whether bitfinex is going to come back to it's pre-spike prices of $610 and synchronize with the other exchanges, or are other exchanges going to come up to meet bitfinex in some kind of middle ground, such as $615 or perhaps resolve on some higher price in the lower $620s or more? 

Currently, bitfinex seems a bit reluctant to come down, but even before the spike, I had noticed that bitfinex prices had been hovering several dollars higher than the apparent overall average.

[mogrith]

If QC can break SHA256 is should be able to break most crypto so that's kind of doomish...

My prediction is that unless there is some kind of measure taken to prevent quantum computers stealing old and "lost" coins, we can pretty much expect that all of these will be "recovered" or "stolen" (depending your perspective).

In that scenario all of Bitcoin is toast. As is the entirety of the internet in its present form. Let's hope something is done before this becomes a thing.

Quantum computers recovering (or stealing) lost coins that are kept in old wallets does not rise to any kind of level of doom for the whole internet. 

If old coins are not moved, and kept in old wallets, those wallets become vulnerable to quantum computers, but newer wallets can take security measures in order that they are not vulnerable to the same quantum computer attacks.

There could be some kind of measures to protect the old non moving coins from such attacks, yet I think that if in a worser case scenario they are recovered (or stolen) by someone who has such quantum computing capabilities, there is no real end to bitcoin because at such point soon thereafter, those coins would be put into circulation and potentially just dilute the bitcoin market for a short period of time, and price will adjust to such dilution. 

[mymenace]

If QC can break SHA256 is should be able to break most crypto so that's kind of doomish...

My prediction is that unless there is some kind of measure taken to prevent quantum computers stealing old and "lost" coins, we can pretty much expect that all of these will be "recovered" or "stolen" (depending your perspective).

In that scenario all of Bitcoin is toast. As is the entirety of the internet in its present form. Let's hope something is done before this becomes a thing.

Quantum computers recovering (or stealing) lost coins that are kept in old wallets does not rise to any kind of level of doom for the whole internet. 

If old coins are not moved, and kept in old wallets, those wallets become vulnerable to quantum computers, but newer wallets can take security measures in order that they are not vulnerable to the same quantum computer attacks.

There could be some kind of measures to protect the old non moving coins from such attacks, yet I think that if in a worser case scenario they are recovered (or stolen) by someone who has such quantum computing capabilities, there is no real end to bitcoin because at such point soon thereafter, those coins would be put into circulation and potentially just dilute the bitcoin market for a short period of time, and price will adjust to such dilution. 

from what i have heard quantum programming will not be able to understand current programming languages
current programming languages will have to be upgraded to be able to operate under a quantum PC

[Karartma1]

Finex spike to 640 and no one cares.

We want way more than that (we are talking around 1000BTC at $640, not much).
We are again at $611. To answer you we do care but we also got used to this kind of trading patterns which happen very often nowadays. When the fun comes out again we'll come out as well.

Last spike in June, that was a nice one.  

[Andre#]

Slippage on a 1k buy, no? It's not as if Bitfinex has the fattest walls compared to the old days. A bit of fun for everyone.

Yep.  Forced me to have to set three buy back orders and to reset my three sell orders that got filled..

Works for me.


So, now a current question is whether bitfinex is going to come back to it's pre-spike prices of $610 and synchronize with the other exchanges, or are other exchanges going to come up to meet bitfinex in some kind of middle ground, such as $615 or perhaps resolve on some higher price in the lower $620s or more? 

Currently, bitfinex seems a bit reluctant to come down, but even before the spike, I had noticed that bitfinex prices had been hovering several dollars higher than the apparent overall average.

The higher price on BFX reflects the distrust as a result of their damaged reputation, since it's harder to get fiat out as it is to get BTC out. Hence, fiat is worth a little less at BFX than on other exchanges (and thus, the price of BTC in fiat is higher). It's people voting with their money.

[DieJohnny]

when this thread dies you know bitcoin will be close to exploding....

[Elwar]

Slippage on a 1k buy, no? It's not as if Bitfinex has the fattest walls compared to the old days. A bit of fun for everyone.

Yep.  Forced me to have to set three buy back orders and to reset my three sell orders that got filled..

Works for me.


So, now a current question is whether bitfinex is going to come back to it's pre-spike prices of $610 and synchronize with the other exchanges, or are other exchanges going to come up to meet bitfinex in some kind of middle ground, such as $615 or perhaps resolve on some higher price in the lower $620s or more? 

Currently, bitfinex seems a bit reluctant to come down, but even before the spike, I had noticed that bitfinex prices had been hovering several dollars higher than the apparent overall average.

The higher price on BFX reflects the distrust as a result of their damaged reputation, since it's harder to get fiat out as it is to get BTC out. Hence, fiat is worth a little less at BFX than on other exchanges (and thus, the price of BTC in fiat is higher). It's people voting with their money.

At least their BFX is up to 60 cents each. Two thirds of our funds returned and 60% of the last third available. So about 85% returned at this point. I'm still holding out for full re-reimbursement.