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

[notme]

Geez its tanking again.... had thought this might be a good time to enter in a position last week.... when will the bubble form again 

WTF are you talking about?  We are only $6 below the recent high and still $20 above where we were a week ago.

[1714635640]

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[1714635640]

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[Karartma1]

Geez its tanking again.... had thought this might be a good time to enter in a position last week.... when will the bubble form again 

WTF are you talking about?  We are only $6 below the recent high and still $20 above where we were a week ago.

Why do you even bother to ansewr when a chart speak for itself? 

[Spaceman_Spiff]

Look the market cap is completely insane IMHO! That doesn't mean it can't go past a 100billion market cap...
Crazier things have happened...jay of course does not deserve a response

Cheers bitcoinland

I see this as a continuation of the bull trend. I take my inspiration here from the rare earth metals, which share characteristics in common with Bitcoin. Tops are nearly always mania spikes. The rally to 780 could have fit this description after the drop to 460, but this recovery invalidates that pattern. Next stop is 1000 imho.

Make that 4-6k

[mymenace]

when walls do not move the truth is hidden

sell walls pulled, buy walls stacked Mexican stand off




https://i.imgur.com/J5zcm8X.jpg

[Hunyadi]

There seems to be some bitcoin mining projects going on in Russia.

Russian Billionaire Interested in Industrial Scale Bitcoin Mining
http://forklog.net/russian-billionaire-interested-in-industrial-scale-bitcoin-mining/

[yefi]

Make that 4-6k

Another bubble seems like the likeliest outcome for me too.  Patience will be a necessary provision for the journey however.

[LFC_Bitcoin]

Make that 4-6k

Another bubble seems like the likeliest outcome for me too.  Patience will be a necessary provision for the journey however.

Very, very strong hands would be required to resist the urge to cash everything in at 4-6k

[Elwar]

Make that 4-6k

Another bubble seems like the likeliest outcome for me too.  Patience will be a necessary provision for the journey however.

Very, very strong hands would be required to resist the urge to cash everything in at 4-6k

What would you cash it out into?

Strong hands that love paying taxes to a government that funds terrorists?

[79b79aa8d5047da6d3XX]

set your exit points in advance.

enjoy life.

[Meuh6879]

[gentlemand]

https://wikileaks.org/podesta-emails/emailid/15589

Our friend Hillary can't take Bitcoin because republicans do. But she is interested in being donated some alt I've never heard of. I love a good 'blockchain' endorsement.

[JayJuanGee]

There is something wrong with that graph, Meuh6879.  The timeline (dates) seem to be kind of hard to read, and at first glance, do not seem to match up with previous spikes, so it seems to appear that the last "great" BTC price spike above $1,100 was in late 2014 (when in fact it was in late 2013).   But, it seems that the markings on the chart are just ambiguous because it kind of also appears that the most recent price low point (dipping below $200) was in late 2015, when in fact it was in early 2015.. but yeah, that just seems to be the way that the dates are ambiguously marked on the chart.


Regarding the lines (did you draw them?), what do they mean?    Do they mean that BTC prices are going to go up from this point, or something else? 

[JayJuanGee]

https://wikileaks.org/podesta-emails/emailid/15589

Our friend Hillary can't take Bitcoin because republicans do. But she is interested in being donated some alt I've never heard of. I love a good 'blockchain' endorsement.

When I read a lot of these bitcoin forums, I get the sense from folks that they are attempting to suggest that republicans and libertarians are more inclined to support bitcoin while democrats and other kinds of liberals are less likely to support bitcoin. 

I think that the truth of the matter is that there is no real party alignment at this point, and a lot of folks are attempting to find correlations that do not really exist in reality.  Politicians, are in fact, all over the place in terms of how they think about various crypto currencies.

[BitUsher]

https://wikileaks.org/podesta-emails/emailid/15589

Our friend Hillary can't take Bitcoin because republicans do. But she is interested in being donated some alt I've never heard of. I love a good 'blockchain' endorsement.

When I read a lot of these bitcoin forums, I get the sense from folks that they are attempting to suggest that republicans and libertarians are more inclined to support bitcoin while democrats and other kinds of liberals are less likely to support bitcoin. 

I think that the truth of the matter is that there is no real party alignment at this point, and a lot of folks are attempting to find correlations that do not really exist in reality.  Politicians, are in fact, all over the place in terms of how they think about various crypto currencies.

http://www.zerohedge.com/news/2013-03-10/demographics-bitcoin

 The 'average Bitcoin user' is male (96%), 32.7 years old, libertarian / anarcho-capitalist (37%), non-religious (61%), with a full time job (43%), and is in a relationship (56%).

[gentlemand]

When I read a lot of these bitcoin forums, I get the sense from folks that they are attempting to suggest that republicans and libertarians are more inclined to support bitcoin while democrats and other kinds of liberals are less likely to support bitcoin. 

It's right there on the page for you to read at your leisure. Give it a try.

The democrats regard Bitcoin as somehow tainted by an ideology they disagree with. Instead they're investigating something centralised and overwhelmingly irrelevant.

[JayJuanGee]

https://wikileaks.org/podesta-emails/emailid/15589

Our friend Hillary can't take Bitcoin because republicans do. But she is interested in being donated some alt I've never heard of. I love a good 'blockchain' endorsement.

When I read a lot of these bitcoin forums, I get the sense from folks that they are attempting to suggest that republicans and libertarians are more inclined to support bitcoin while democrats and other kinds of liberals are less likely to support bitcoin. 

I think that the truth of the matter is that there is no real party alignment at this point, and a lot of folks are attempting to find correlations that do not really exist in reality.  Politicians, are in fact, all over the place in terms of how they think about various crypto currencies.

http://www.zerohedge.com/news/2013-03-10/demographics-bitcoin

 The 'average Bitcoin user' is male (96%), 32.7 years old, libertarian / anarcho-capitalist (37%), non-religious (61%), with a full time job (43%), and is in a relationship (56%).

Thanks for that information and article from March 2013.  Hopefully, the bitcoin community, to the extent there is such a thing, has become a bit more diverse in the past 3.5 years, and hopefully, also, there are a large number of segments within the bitcoin community that recognize that it is important to attempt to broaden the bitcoin user base in a large number of ways in order that the utility of bitcoin can be recognized, appreciated and used much beyond technical nerds and/or libertarians, even though bitcoin's roots may have had a large initial following in those technical nerd/libertarian circles.

[JayJuanGee]

When I read a lot of these bitcoin forums, I get the sense from folks that they are attempting to suggest that republicans and libertarians are more inclined to support bitcoin while democrats and other kinds of liberals are less likely to support bitcoin. 

It's right there on the page for you to read at your leisure. Give it a try.

The democrats regard Bitcoin as somehow tainted by an ideology they disagree with. Instead they're investigating something centralised and overwhelmingly irrelevant.

So fucking what?  Surely, I find it interesting that in mid-2015, they are focusing on the potential of using some stupid ass alt coin, and so yeah, people in politics and marketing come up with all kinds of schemes to differentiate themselves that may or may not involve substance or even reflect various values of people that may label themselves as democrat or republican.

Yes, some high up person in Hilary's circle makes various characterizations about what he believes may be appealing to democrats and to democratic voters and may even be appealing to Hilary.. that does not mean much of anything regarding what is democrats and what is republicans.

Further, it is interesting some of the latest with Trump and other Republicans, there is a current dynamic of a lot of the Republicans to attempt to differentiate themselves from him, and there is an attempt by democrats to attempt to spin all republicans to be like trump.

The same is true with democrats, some are really disdainful of hilary, but they still may kind of have to go along with her as they may come to the conclusion that she is the closest approximation of their values.

You are part of the problem, gentlemand, if you are going to attempt to perpetuate various myths regarding views of bitcoiners in respect to politics, even if there may be various tendencies in one direction or another, views about bitcoin remain all over the place and not necessarily party affiliated... because bitcoin can be used for good or for bad by any party and for a variety of reasons and through a variety of means... so why continue to engage in attempts to make party affiliations in respect to cryptos, unless you just want to talk nonsense and divert us from actual meaningful and relevant bitcoin discussions, which there are a lot of things going on in bitcoin that relate to price, price dynamics and price pressures besides attempts at characterizing news in order to make nonsensical party affiliations with such news.

[hv_]

jam traffic on monday ?
that's new ...

I would say that they went all back to work   but this will not answer it this time. Can be just a one-off: let's monitor how this continues. It would seem strange after all, unless new people are awakening their dormant coins.  

It's reducing back downwards in size now. The mempool size won't alter the price, it's been far above 10MB before and the price stayed steady. We all know you only have to pay a higher fee for fast confirmations if the mempool is bigger than normal. The mempool's size doesn't frighten us.

Is it possible that some miners play this game to increase the fees artificially?
Game theory would explain...

BTW where the hack is Adam ?  Banned again?

[Stringer Bell]

https://wikileaks.org/podesta-emails/emailid/15589

Our friend Hillary can't take Bitcoin because republicans do. But she is interested in being donated some alt I've never heard of. I love a good 'blockchain' endorsement.

If you want a laugh, check this out:

http://ven.vc/features

I'm not even sure if you can call it an alt. I think it's basically a database..

Who's funding this crapola?

[gentlemand]

It's certainly been around for a long time. I particularly like this feature -  'Our conservative approach is why we don't yet offer public 'cash-out' for Ven'