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

[Fakhoury]

Out of curiosity, what makes you sure buddy ?

Ascending wedge. Higher lows after each dump. Defending seller gets growing difficulties in buying back bitcoins they've sold.

Perfect, so I can understand that no worries over here, am I right ?

Also, what do you think about the recent dip, is it another correction or some bearish news I didn't hear about ?

Thank you 

It was very well coordinated dump to coincide at the same time with:
IRS attack on Coinbase
difficulty rise
push to revive blocksize debate
tx spam attack
eth fork

But bitcoin is a train that can't be stopped.

I agree with you, so we will reach a threshold where all those sellers will be sucked in and the rocket will be north-skyrocketing, am I right ?

Plus, can this dump be considered as shaking weak hands which equals to whales harvesting (cheap coins) until we move to our next station ?

Do you agree with me that this correction will end in matter of 1-2 days ?

Much questions I know, but a learner here

[sirazimuth]

the train is indeed unstoppable.
ive been auto weekly buying a small piddling amount of btc and hodeling for past 3 years now.
if only all my other investments did as well.... (there was one actually, but im not going there )

[PoolMinor]

the train is indeed unstoppable.
ive been auto weekly buying a small piddling amount of btc and hodeling for past 3 years now.
if only all my other investments did as well.... (there was one actually, but im not going there )

Yeah CENT worked for me also....



So, the upcoming 'merican holiday approaching, do we sell or buy? 2013 the price continued upwards until the following Friday, I sacrificed 0.134 BTC today for Amazon gift card. Go Bitcoin!!!


Edit:

Looks like the backlog getting higher. My gift card purchase still hasn't confirmed, I spent the funds already though.

The fees show 11,985 BTC 0.o ?

[unknown04]

This week's price is boring AF.... it goes down and comes back up a little then drop a little and up.... I need some excitement!

[sirazimuth]

This week's price is boring AF.... it goes down and comes back up a little then drop a little and up.... I need some excitement!

well then, go to vegas and bet your life savings on the roulette wheel

[forzendiablo]

BTC will topught 780-800 within 48h from what i see.

do not be scared, buy the coins people!

[TERA]

The bear is coming. Run for your lives.

[ImI]

The bear is coming. Run for your lives.

unfortunately i agree

market understands now that segwit wont come and instead a long an eventually devastating fight between the two camps

[DARKHOLDER]

BTC will topught 780-800 within 48h from what i see.

do not be scared, buy the coins people!

It sounds like- buy my coins people- I need to sell   Nice try. ..

[TERA]

End of the world wall. Demon wars.

[600watt]

i was wondering what kind of news would need to be used to do the old "silkroad is busted = bitcoin is dead" trick this time around. in october 2013, just before the BIG rise, this news triggered a spike downwards that was really frightening.

not sure if "china bans bitcoin" would work. my guess is it will be some news about a hardfork/split/doom.   

[TERA]

i was wondering what kind of news would need to be used to do the old "silkroad is busted = bitcoin is dead" trick this time around. in october 2013, just before the BIG rise, this news triggered a spike downwards that was really frightening.

not sure if "china bans bitcoin" would work. my guess is it will be some news about a hardfork/split/doom.  

I think China Bans Bitcoin would fit the bill perfectly, but they would have to actually do it, like the government actually speaks and passes a law and all of the exchanges actually shut down. It fits the analogy with silk road as 'thing that was perceived to matter a great deal that really didnt'. Bitcoin forking would be another level - that's definitely something that actually matters.

[PoolMinor]

End of the world wall. Demon wars.

Funny thing about walls...

https://bitcointalk.org/index.php?topic=1512965.msg15222331#msg15222331

[DaRude]

End of the world wall. Demon wars.

Funny thing about walls...

https://bitcointalk.org/index.php?topic=1512965.msg15222331#msg15222331

Nah 2012 passed and we all lived through it

[Pai Mei]

End of the world wall. Demon wars.

always like this on huobi

nothing new

[Hunyadi]

ViaBTC is attempt to keep price rise in check. ViaBTC wil adopt segwit or Core will raise to 2MB, when the big players are ready for the MOON. The algo won't be changed, that's FUD 

[JimboToronto]

Good morning Bitcoinland.

I see the conversation around here has again become dominated by The Great Debate (into which I refuse to be sucked).

Meanwhile the price remains virtually unchanged since yesterday... $746USD/$1006CAD.

Bitcoin soldiers onward.

[DaRude]

The bear is coming. Run for your lives.

unfortunately i agree

market understands now that segwit wont come

If it doesn't come because of opposition from the bigblockers, then this makes it apparent that they are not really interested in scaling and they probably never were. They just used scaling as an excuse for attempting a governance coup. So when scaling solutions were presented they didn't go with it and instead pretended to be dissatisfied opting for something else.

the explanation is much easier than this: pride.

the chinese miners have been humiliated in public with the breach of the HK-2MB-agreement and now maxwell and others expect them to cooperate? it would be seen as a public bowing infront of folks that insulted and betrayed them publicly for the last 12months. i remember here especially LukeJr that said some pretty nasty things about the chinese mining operators. so even if you look at it from an western perspective you should be easily able to understand why after all this fuck-up they refuse to cooperate. and if you go one step further and are able to understand asian culture you will even more be able to understand why (after the breach of the HK-agreement and the open insults) they are basically not able to activate segwit.

pride is some strong motivation.

even in greece.  

yeah that might be a problem. People digging in their feet for their agenda instead of what's good for BTC. Yeah segwit is great but we won't let it happen because we're upset, i doubt they'll get much empathy from the community that way

[criptix]

i'm watching Navy CIS: New Orleans and guess what they just talked about?

Using bitcoins to sell illegal stuff.

Adoption friends! 

[hulla]

Stead and slow fall of price

when will it stop

Yes, you're right stead fall of price is currently happen but my prediction is that the price will increase last week which it does and my prediction this week is that the price string up from weekend.