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Question: How long until 70K (credit: Heslo)
1 week - 17 (22.7%)
1 month - 46 (61.3%)
1 year - 0 (0%)
the top is in - math and science confirms it - 12 (16%)
Total Voters: 75

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25261742 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
r0ach
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June 18, 2017, 08:44:39 AM
Last edit: June 18, 2017, 09:08:00 AM by r0ach

Last time r0ach was talking about a bearish head and shoulders bitcoin went from $1100 to $3000.

Nah, I said the chart looked bearish and then Scamfinex turned off withdrawals, forcing all sellers to become buyers while also squeezing every short in existence, which artifically pumped the market higher.  Then people saw that rise and thought the cup and handle pattern was in play and just kept pumping it higher.  It was pretty much the perfect storm of Finex manipulation that was not based on any type of fundamentals or news or anything.  

It's much harder to repeat such pumps when the transaction fees are out of control though.  I imagined bitcoin growth would slow down tremendously once transaction fees got to around $2 and excess traffic would leave with Litecoin being the main beneficiary, so with current bitcoin fees spiking to the moon and some exchanges charging $7 transaction fees, that's what is happening.
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June 18, 2017, 09:09:12 AM

Last time r0ach was talking about a bearish head and shoulders bitcoin went from $1100 to $3000.

Nah, I said the chart looked bearish and then Scamfinex turned off withdrawals, forcing all sellers to become buyers while also squeezing every short in existence, which artifically pumped the market higher.  Then people saw that rise and thought the cup and handle pattern was in play and just kept pumping it higher.  It was pretty much the perfect storm of Finex manipulation that was not based on any type of fundamentals or news or anything.  

It's much harder to repeat such pumps when the transaction fees are out of control though.  I imagined bitcoin growth would slow down tremendously once transaction fees got to around $2 and excess traffic would leave with Litecoin being the main beneficiary, so with current bitcoin fees spiking to the moon and some exchanges charging $7 transaction fees, that's what is happening.


Hu?  Then go for Satoshis, they are hell of cheap!

 Grin
Denker
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June 18, 2017, 09:50:59 AM

Lol everyrhing on the charts turner orange/red

Whats happening can someone explain?

A dip in the upwards trend. This is good.
Take advantage of it if you can and buy some corn!
So nothing you need to worry about.
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June 18, 2017, 10:10:45 AM

Buy those dips, y'all. Baby need shoes!
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June 18, 2017, 10:27:18 AM

Lol everyrhing on the charts turner orange/red

Whats happening can someone explain?

A dip in the upwards trend. This is good.
Take advantage of it if you can and buy some corn!
So nothing you need to worry about

I usually buy corn when I buy the dip.
Searing
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June 18, 2017, 11:40:50 AM

Lol everyrhing on the charts turner orange/red

Whats happening can someone explain?

A dip in the upwards trend. This is good.
Take advantage of it if you can and buy some corn!
So nothing you need to worry about

I usually buy corn when I buy the dip.


I just sold some BTC to pay mining bills. Whenever I do so btc pumps up. (your welcome)

It's how my life works..just gonna go with it for kudos

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June 18, 2017, 12:41:47 PM

Lol everyrhing on the charts turner orange/red

Whats happening can someone explain?

A dip in the upwards trend. This is good.
Take advantage of it if you can and buy some corn!
So nothing you need to worry about

I usually buy corn when I buy the dip.


I just sold some BTC to pay mining bills. Whenever I do so btc pumps up. (your welcome)

It's how my life works..just gonna go with it for kudos



I have been there so many times, stay the course, have a system, save what you can
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June 18, 2017, 01:54:21 PM

As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.  Cheesy

Adam got deleted a long time ago.


Adams beers cannot ever be delete Cool  BTC@$5OOO beer shall rain from the heavenzzz Wink
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June 18, 2017, 02:24:09 PM

I noticed this recent down move started in China.

Are there any news from China? Will they allow or disable withdraws? Will PBOC ban BTC again?
Old news.

https://www.wsj.com/articles/china-bitcoin-exchanges-allowing-withdrawals-again-1496658845

They're allowing withdrawals now with tighter security precautions and limits.  Bitcoin trading in China is allowed, and I find it very unlikely that the PBOC would ever attempt to fully ban it.
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June 18, 2017, 02:33:08 PM

^^^^
Damn straight.





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June 18, 2017, 02:55:42 PM

I cannot wait when BTC will crash from $150000 to under $100000 and there will be bears everywhere crying bitcoin's dead.

(In 2015 everyone had predictions like $600 by 2020 and so on)
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June 18, 2017, 03:50:33 PM

Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 
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June 18, 2017, 04:09:38 PM

Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 
There could be some indicators of a correction, it's definitely possible that we aren't out of the danger zone yet. I somewhat agree with their long-term price speculation but I feel like it could go either way at this point.
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June 18, 2017, 04:40:53 PM

Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 
There could be some indicators of a correction, it's definitely possible that we aren't out of the danger zone yet. I somewhat agree with their long-term price speculation but I feel like it could go either way at this point.

Very short term, who knows.

Being around $2500 for most of this month is the best that could happen to consolidate this price range (2k-3k). Medium-Long term it mostly depends on how the scaling issue is handled: If they are finally able to solve scaling in a non-contentious way the price will moon way higher than anyone could predict, with a huge pump right after things are clear and a continuous rise until the end of year.
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June 18, 2017, 04:56:51 PM

Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 

What a bunch of fucktards having an anti-trump disclaimer on their site.  The label has the typical "trump be raycist" statement, but all the word racist means nowadays is white people that refuse to be cuckolds for brown people.
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June 18, 2017, 05:14:20 PM

Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 
There could be some indicators of a correction, it's definitely possible that we aren't out of the danger zone yet. I somewhat agree with their long-term price speculation but I feel like it could go either way at this point.

Very short term, who knows.

Being around $2500 for most of this month is the best that could happen to consolidate this price range (2k-3k). Medium-Long term it mostly depends on how the scaling issue is handled: If they are finally able to solve scaling in a non-contentious way the price will moon way higher than anyone could predict, with a huge pump right after things are clear and a continuous rise until the end of year.


How You think those news is fake news? >https://www.dashforcenews.com/made-realize-bitcoin-heading-split/
European Central Bank
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June 18, 2017, 05:17:25 PM


so quoting a dash website article that quotes that sirer guy who's been spouting junk for months?

got a more convincing source?
bitserve
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June 18, 2017, 05:25:39 PM


so quoting a dash website article that quotes that sirer guy who's been spouting junk for months?

got a more convincing source?

^^^ This.

I am just gonna say that my prediction on the outcome of the scaling issue is now moderately positive. But again, who fucking knows.

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June 18, 2017, 05:26:00 PM


so quoting a dash website article that quotes that sirer guy who's been spouting junk for months?

got a more convincing source?
It's a shit source but this is an opinion piece rather than actual news.  We should consider the arguments made instead of what source there is for the limited information they provide.

Bitcoin is heading for at least one split if you ask me.  Will that cause a price drop?  Yes, in the short term.  Will it cause "The Flippening"?  Maybe for a little while in terms of market cap, but it won't actually matter.

I tend to regard google trends as the best indicator of "the flippening" anyway, and ETH isn't anywhere near bitcoin if you measure it that way instead.


Bullish outcome, bearish event IMO.



 
bitserve
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June 18, 2017, 05:28:59 PM


so quoting a dash website article that quotes that sirer guy who's been spouting junk for months?

got a more convincing source?
It's a shit source but this is an opinion piece rather than actual news.  We should consider the arguments made instead of what source there is for the limited information they provide.

Bitcoin is heading for at least one split if you ask me.  Will that cause a price drop?  Yes, in the short term.  Will it cause "The Flippening"?  Maybe for a little while in terms of market cap, but it won't actually matter.

I tend to regard google trends as the best indicator of "the flippening" anyway, and ETH isn't anywhere near bitcoin if you measure it that way instead.


Bullish outcome, bearish event IMO.



 

Have you taken into account that BITMAIN does NOT have ETH miners? Just saying.
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