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

[AlexGR]

So... The big plan was to buy back at 1100?

I think there is no big plan - today at least. No reasons, nothing on the horizon, etc, etc, so I think it has to be altcoin profits liquidated in the BTC market (tends to be more liquid than the alt/$ markets). The altcoin sphere picked up a couple billions, so a few big dumps in BTC could be expected.

On the other hand, one would ask for a certain equilibrium - meaning that if altcoins get pumped, then one would also expect BTC buys leveling the field... Seemingly that has not been the case, which means the pumpers already had the BTC. It's the ex-altcoin holders who went for the BTC and then the bank.

So BTC buys alts, those who picked BTC are cashing out. I don't really see anything else here.

The fork FUD is here for a few weeks and didn't affect all that much, and if anything, BU has lost even more credibility the last couple of days due to its low-quality problems (remote exploits). Generally all FUD has had a minor effect, whether it was articles claiming low prices after etf decline, PBOC actions, or fork FUD...

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[European Central Bank]

right now it's kind of hard to tell what's what. the sheer amount of alt shilling and block fud makes me want to turn off my computer for a few weeks and go sit in a field. the whole crypto scene has notched up a level in noise and obnoxiousness recently.

[Fatov]

So... The big plan was to buy back at 1100?

I think there is no big plan - today at least. No reasons, nothing on the horizon, etc, etc, so I think it has to be altcoin profits liquidated in the BTC market (tends to be more liquid than the alt/$ markets). The altcoin sphere picked up a couple billions, so a few big dumps in BTC could be expected.

On the other hand, one would ask for a certain equilibrium - meaning that if altcoins get pumped, then one would also expect BTC buys leveling the field... Seemingly that has not been the case, which means the pumpers already had the BTC. It's the ex-altcoin holders who went for the BTC and then the bank.

So BTC buys alts, those who picked BTC are cashing out. I don't really see anything else here.

The fork FUD is here for a few weeks and didn't affect all that much, and if anything, BU has lost even more credibility the last couple of days due to its low-quality problems (remote exploits). Generally all FUD has had a minor effect, whether it was articles claiming low prices after etf decline, PBOC actions, or fork FUD...

What is "BU" ?

[European Central Bank]

What is "BU" ?

Bitcoin Unlimited. Where have you been? It's kind of hard to miss at the moment.

[alexout]

Where would be the best place to keep up to date on whats going to happen re:fork, BU, Segwit news?

Didnt see the news about the hard fork and sold at a much lower point than I would have liked to.

[European Central Bank]

Where would be the best place to keep up to date on whats going to happen re:fork, BU, Segwit news?

Didnt see the news about the hard fork and sold at a much lower point than I would have liked to.

right now i don't think there is one place on the entire internet where you're gonna get an objective report on any of it.

[Killerpotleaf]

Where would be the best place to keep up to date on whats going to happen re:fork, BU, Segwit news?
Didnt see the news about the hard fork and sold at a much lower point than I would have liked to.

in this thread we predict future news.

[Ted E. Bare]

But always be hesitant with investment advice in here. Unfortunately many people are out there to get your coins.

[Killerpotleaf]

bloomberg:

While the impasse might be aggravating for those who find bitcoin transactions too sluggish, it’s far better than a blockchain that is too easily modified. After all, immutability is supposed to be a feature, not a flaw.

ETH is topped out man 

[arklan]

lemme see if i have this straight - bitcoin core is somehow tied (loosely?) with blockstream, who apparently can't be trusted cause they took bank money. Core wants to implement segwit - allowing, later, blockstream's LN.

on the other hand, we have bitcoin unlimited, who want... well, i'm honestly not sure, but something besides segwit? and LOTS of people here don't trust THAT, parlty due to a recent exposure of a major bug.

or, to sum up - jack shit has been solved regarding scaling in years of arguing.

good job guys.

[Killerpotleaf]

lemme see if i have this straight - bitcoin core is somehow tied (loosely?) with blockstream, who apparently can't be trusted cause they took bank money. Core wants to implement segwit - allowing, later, blockstream's LN.

on the other hand, we have bitcoin unlimited, who want... well, i'm honestly not sure, but something besides segwit? and LOTS of people here don't trust THAT, parlty due to a recent exposure of a major bug.

or, to sum up - jack shit has been solved regarding scaling in years of arguing.

good job guys.

actually the latest goes somthing like this
google created blockstream covertly, blockstream bought some core devs ( the right ones ), in an attempt to centralize development and usage of bitcoin, so that google can rain ruler of the world once all LN payments are backed by the onchain BTC they control

BU is a bunch of bitcoiners who dont have a clue.

[Spaceman_Spiff]

lemme see if i have this straight - bitcoin core is somehow tied (loosely?) with blockstream, who apparently can't be trusted cause they took bank money. Core wants to implement segwit - allowing, later, blockstream's LN.

on the other hand, we have bitcoin unlimited, who want... well, i'm honestly not sure, but something besides segwit? and LOTS of people here don't trust THAT, parlty due to a recent exposure of a major bug.

or, to sum up - jack shit has been solved regarding scaling in years of arguing.

good job guys.

LN isn't from Blockstream, Drya and Poon came up with it (expanding other people's work).  They don't work for Blockstream.  Blockstream has some people working on LN (2 IIRC), but there are many teams working on a LN implementation (while coordinating with each other so these implementations can communicate with eachother properly.

Claims that bitcoin is being capped to profit from a monopoly on LN usage are also hogwash, since LN is an open-source protocol, just like bitcoin.

[DieJohnny]

What possible surprise is laying in wait for LTC? Big Blocks?

There are are still players holding stake in LTC, who hold stake in BTC and other retro coins. If you zoom back to LTC 1w, then it's quite clear that a pump is overdue for LTC. It probably won't be tied to any important news, and the rise will be technical.
My plan was to patiently wait for the spike, since it doesn't have much room left to fall anymore and I'm currently quite busy with other things in life.

but.. yesterday after buying LTC, I discovered MLN, and after reading about it, I quickly changed my LTC to MLN. MLN helps to make much more sense on the recent ETH surge upwards. And the good thing is that I can buy it from Kraken, that is my favorite exchange The worst thing with DASH was that one had to use Polo.
I believe that ETH will also rise more, but there will probably be corrections soon. My prediction is that MLN will probably give a bigger show in the coming months then ETH did. I feel much more comfortable holding MLN then I did with LTC

MLN the new DAO? no thanks

[r0ach]

It's official:

http://www.youtube.com/watch?v=agwMwbmMNbk

[arklan]

lemme see if i have this straight - bitcoin core is somehow tied (loosely?) with blockstream, who apparently can't be trusted cause they took bank money. Core wants to implement segwit - allowing, later, blockstream's LN.

on the other hand, we have bitcoin unlimited, who want... well, i'm honestly not sure, but something besides segwit? and LOTS of people here don't trust THAT, parlty due to a recent exposure of a major bug.

or, to sum up - jack shit has been solved regarding scaling in years of arguing.

good job guys.

LN isn't from Blockstream, Drya and Poon came up with it (expanding other people's work).  They don't work for Blockstream.  Blockstream has some people working on LN (2 IIRC), but there are many teams working on a LN implementation (while coordinating with each other so these implementations can communicate with eachother properly.

Claims that bitcoin is being capped to profit from a monopoly on LN usage are also hogwash, since LN is an open-source protocol, just like bitcoin.

ah. well hell, i was close.

actually the latest goes somthing like this
google created blockstream covertly, blockstream bought some core devs ( the right ones ), in an attempt to centralize development and usage of bitcoin, so that google can rain ruler of the world once all LN payments are backed by the onchain BTC they control

BU is a bunch of bitcoiners who dont have a clue.

...which we can't prove at all, and of course can't DISprove either.

also, based on the last twenty years, i don't know that i'd complain much about google ruling the world...

[Lauda]

So, what happened? I don't see any news of China banning Bitcoin or similar. ~11% drop in 24 hours does seem sharp when there are no news about it.

[Ibian]

also, based on the last twenty years, i don't know that i'd complain much about google ruling the world...

I would. It's a leftist organization, which means they censor stuff, which is really really bad considering they are THE search engine on the net. They are officially on team evil.

[Ibian]

So, what happened? I don't see any news of China banning Bitcoin or similar. ~11% drop in 24 hours does seem sharp when there are no news about it.

But is it enough? I say thee nay! A further drop is needed!

[Lauda]

So, what happened? I don't see any news of China banning Bitcoin or similar. ~11% drop in 24 hours does seem sharp when there are no news about it.

But is it enough? I say thee nay! A further drop is needed!

What makes you think that it is not enough? The price has been rising for weeks and has been correcting itself on the way up. Unless, you sold at the bottom?
Look at the other cryptocurrencies market, it has tripled in <10 days. Organic growth?

[Ibian]

So, what happened? I don't see any news of China banning Bitcoin or similar. ~11% drop in 24 hours does seem sharp when there are no news about it.

But is it enough? I say thee nay! A further drop is needed!

What makes you think that it is not enough? The price has been rising for weeks and has been correcting itself on the way up. Unless, you sold at the bottom?
Look at the other cryptocurrencies market, it has tripled in <10 days. Organic growth?

Sold higher up. Wanna buy lower down. Simple stuff.