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

[Temp_JayJuanGee]

I have to admit I'm surprised most of you are still here. Nobody thinks this is the top yet? Really?

Not if segwit gets voted on, right away. Popcorn time

What is your assessment of claims like these?


https://www.reddit.com/r/Bitcoin/comment...ce_segwit/

I know that sometimes a lot of us have posted pretty bullish scenarios with the impeding activation of seg wit, yet there remains quite a few folks betting against seg wit going live.  I kind of think that when push comes to shove miners are going to be more practical than to aim at blocking seg wit.

Seg wit should be a fairly non controversial solution, step forward and financial advancement of bitcoin.. but if it does not implement, that would probably be a bit bearish... or at least a bit less bullish.  The article describes scenarios in which it could take a year for seg wit to activate (or never activate, which seems less likely to me).

[yefi]

Nonetheless, despite a multitude of vocal opposition to seg wit, I really think when push comes to shove, these folks (such as mining nodes) are not going to be so stupid as to sabotage their own prosperity and to continue to support any kind of opposition to seg wit, with stupid-ass, contradictory, technically inadequate, fundamentally dangerous and largely baseless objections to a largely non-controversial implementation.

Relying on folk to not be stupid doesn't sound like a great formula for success. Forces in war have continued fighting long after it was obvious to everyone they had lost - and they were staking not merely their money but their lives.

[DaRude]

Nonetheless, despite a multitude of vocal opposition to seg wit, I really think when push comes to shove, these folks (such as mining nodes) are not going to be so stupid as to sabotage their own prosperity and to continue to support any kind of opposition to seg wit, with stupid-ass, contradictory, technically inadequate, fundamentally dangerous and largely baseless objections to a largely non-controversial implementation.

Relying on folk to not be stupid doesn't sound like a great formula for success. Forces in war have continued fighting long after it was obvious to everyone they had lost - and they were staking not merely their money but their lives.

We don't need you elitist logic.

MAKE BITCOIN GREAT AGAIN!!!!


T -17

[Temp_JayJuanGee]

Nonetheless, despite a multitude of vocal opposition to seg wit, I really think when push comes to shove, these folks (such as mining nodes) are not going to be so stupid as to sabotage their own prosperity and to continue to support any kind of opposition to seg wit, with stupid-ass, contradictory, technically inadequate, fundamentally dangerous and largely baseless objections to a largely non-controversial implementation.

Relying on folk to not be stupid doesn't sound like a great formula for success. Forces in war have continued fighting long after it was obvious to everyone they had lost - and they were staking not merely their money but their lives.

I don't mind your "elitist logic"   because I think that is a fair point about the stupidity of warriors, sometimes.

Of course, I am stating a belief about the dynamics of this situation that is somewhat different from the dynamics that cause people to fight to the death in wars... but yeah, there may be some parallels between war and this big block stance?   I am not putting all my eggs in any one basket, but I am considering that it is more possible for seg wit to get activated than not.


Sure, frequently in wars there can be some kind of self identity and even commitment to your fellow troops. Sure there could be some similar dynamics going on with miners and pools getting these kinds of feelings about wanting to win in spite of logic, but I do think that the economics are likely going to continue to be more dominant forces that are going to cause folks (miners) to peel off.... and sure I am exercising a kind of faith that economics is likely going to prevail to cause folks to not align with ideological stupidity.  

And maybe it is just a kind of question regarding who blinks first.. and my inclination is to think that there is not really enough there, there to be keep arguing over nonsensical big blocks, big blocks, big blocks... when that lost a long time ago,.... .  And, it's just dumb to be persisting with ongoing dumbness and tried and true failed logic..  Sure we got folks like Roger Ver and Gavin Andresen spouting off some of the nonsense about big blocks, but even between those two there is not really unity because Gavin seems to recognize the practicality of seg wit.  Sure, Roger talks nonsense, seems to have some pride in this battle and has a lot of BTC to throw around, but in the end, he is talking politics and not technicalities when he is spouting off about the supposed better direction of big blocks, big blocks, big blocks.

[Elwar]

$750 wall on Bitstamp being eaten up.

[toknormal]

Games now going with serve.

Major stuff.

[Lauda]

Please discuss development related stuff elsewhere, this thread and the section should primarily be about price talk. There is a Segwit thread in this very sub-forum.

$750 wall on Bitstamp being eaten up.

Does Bitstamp even have enough liquidity for real *walls*? Bitstamp deserves more credit considering that they are the only exchange at which people did not lose money due to a *hack* IIRC.

[Elwar]

[luckygenough56]

[Elwar]

Please discuss development related stuff elsewhere, this thread and the section should primarily be about price talk. There is a Segwit thread in this very sub-forum.

$750 wall on Bitstamp being eaten up.

Does Bitstamp even have enough liquidity for real *walls*? Bitstamp deserves more credit considering that they are the only exchange at which people did not lose money due to a *hack* IIRC.

They've always had a large amount of sells at $750. It's been bouncing off of it the past few days.

[Temp_JayJuanGee]

Please discuss development related stuff elsewhere, this thread and the section should primarily be about price talk. There is a Segwit thread in this very sub-forum.

$750 wall on Bitstamp being eaten up.

Does Bitstamp even have enough liquidity for real *walls*? Bitstamp deserves more credit considering that they are the only exchange at which people did not lose money due to a *hack* IIRC.

I think that bitstamp remains a very decent indicator of price direction, and even though it may seem that trade volume there is not too high, it does tend to pick up when the price battles really begin to take place.

Yet, also, my theory remains that we have not really had much of a price battle including high trade volume since about December 2015.

Even the price rise of May/June 2016 was accomplished without much of a significant and lasting trade volume - but I don't think that you can write off bitstamp, merely because it's trade volume has been down since after December 2015.  My theory is that when the next battle begins, we are going to witness trade volume on bitstamp pick up, too (though of course I will concede ahead of time that I could be wrong      )

[Karartma1]

It seems someone is trying to hold to handbrake until is possible. This will not work: bitcoin value will rise above $800 soon.
It's only a matter of time

[luckygenough56]

what's the next drama will be ?

[Jumanji7]

what's the next drama will be ?

$ 800 in the next weeks (or maybe days).

[Ted E. Bare]

Prices above $800 will be wonderful because I have to purchase a lot of gifts in December.

[Spaceman_Spiff]

Please discuss development related stuff elsewhere, this thread and the section should primarily be about price talk. There is a Segwit thread in this very sub-forum.

Well yes, but atm Segwit is a major component of the price action (in my assessment anyway).

[Kanapka]

Games now going with serve.

Major stuff.

what will be the next top if the line is broken this time?

$1200, or maybe more?

[Meuh6879]

what's the next drama will be ?

A discharge.

[Denker]

Prices above $800 will be wonderful because I have to purchase a lot of gifts in December.

Oh man you really sell bitcoins in a bull market?
I won't do that!
Why not try to be creative and make christmas presents of another kind?!Does it always has to be something material?
I don't think that this is what christmas is about.

And yes $800 would be nice.Looks like we could really make it.That would be awesome and something I really never believed could happen this year already.
Looks like Bitcoin could prove me wrong again.But I will like it!

[WhiteWalls]

Price has made 4 strong runs up to $751 this week and stalled out. This wall is bigger than the one Trump wants to build