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

[lost_in_base]

Is it gonnna be new ATH before weekly candle?
China will tell just in 5 hours!

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[marcus_of_augustus]

BlackFlag well, that's what I see, we're getting to the local summit right now. The direction is one (down), soon the middle of the scale in 1d scale.
Can be really bloody;)

... can be. Who's blood are we looking at here, Black Flag's?

Dip buying and short rekting is trending again.

[DanielRamos1]

$2700 and i smell sometime cooking...something big!!!   #expect->$3000

[TeeBone]

Litecoin mooning. Havent heard that in a while. Congrats to litecoin hodlers, i dont own any but if any alt were to rise im glad its litecoin and not shitcoins like ETH and Ripple.

I wouldn't call ETH a shitcoin. Been hearing that along with warnings not to buy since it first came out. I'm glad I ignored all the experts calling it crap since it came out and bought gobs at under $7 over the last 2 year. Now it's over $365 (down from near $400).

The ease it allows for smart contract integration is a strong feature. I guess I'm just not as smart as the ETH shitcoin callers. At least I can get some consolidation from watching my new lakefront home being built, funded totally from a portion of my ETH profits.

its a shitcoin cuz its centrally controlled by a CEO, who has already rolled back the chain with the DAO debacle. Any govt can coerce him to do whatever they want in the future, and i fully expect that to happen. Im more sympathetic to etherium classic, though the premine made it scammyish.

[European Central Bank]

I wouldn't call ETH a shitcoin.

i would. but that don't mean you can't make an insane amount of money out of shit because clearly you can. there's far more money to be made with corrupted projects than honest ones.

i would love to have been in on it purely because i would've dumped and walked away without a second thought. i can't say the same about other coins, shit or not.

[Dabs]

I bought some litecoin back in 2013... December 31. I sold it in 2014. January 1. Doubled my bitcoins, sold LTC at $40 USD. hehehehehe.

[Eric Cartman]

It is me or the price is gravitating around $2666?

[STT]

Flo has a total market cap of 14 million.  BTC trades every day 1.4 billion, so how is it having that effect.

My thought on litecoin rising was its benefitted as the general idea of segwit is in the news as valid proposal for bitcoin.   It kinda lends authority to litecoin that its already got it working and litecoin is even cited in the reasoning of some pools for proceeding with the larger market.
I see the volume traded for Litecoin in value exceeds bitcoin, at least today

[Richy_T]

There seems to be a pattern of weekend Bitcoin pumps developing, as opposed to the weekend dumps we used to get. I still don't understand the reason for it as no fiat gets sent to exchanges while the banks are closed over the weekend.

Perhaps on the theory that the time to buy is when there is less competition. Sure the price is rising but perhaps it would likely have risen more quickly in the week. *shrug*

[Eric Cartman]

BItcoin looks to be recovering a bit today. LTC is on a tear (for Litecoin of course). While everything has been volatile again at the end of the week zcoin has made very little headlines with its big gains.

I would like to see Bitcoin make it back to steady $2700s again...

There seems to be a pattern of weekend Bitcoin pumps developing, as opposed to the weekend dumps we used to get. I still don't understand the reason for it as no fiat gets sent to exchanges while the banks are closed over the weekend.

People expect weekend dumps, then they sell everything before the weekend, causing a crash.
They see the price bottoming and buy back because no pump happened, causing a pump in price.

That is how weekend dumps become weekend pumps

[silverfuture]

Not sure if it's been discussed here recently or not but does anyone think there is weight to the idea that as we get closer to Aug 1st more coins will be withdrawn from exchanges and causing a greatly reduced supply?

[Dabs]

I understand your point, and maybe in your country that would work... But let's see what would happen in Spain (and probably MANY other countries):

Maybe not in your country, and maybe you are lucky and they never notice..
What if your BTC stash is worth a few millions some day... Do you think your story, without any sound proof of it, will stand?

Sorry for the late reply, but yeah, I'm actually counting on my country (the Philippines) to not care at all, and it will work. I do have millions (in Philippine Pesos, not in US Dollars), but at the same time I also used to do large cash transactions that the gov doesn't really care about. (I used to handle the accounting and payroll of a small company which had a few hundred employees and sometimes their salaries were paid in cash.)

There was also that story of that Norwegian? Who bought an apartment because he mined or bought 5000 bitcoins a few years ago and cashed it out in late 2013 or early 2014.

Koch exchanged one fifth of his 5,000 bitcoins, generating enough kroner to buy an apartment in Toyen, one of the Norwegian capital’s wealthier areas.

In my case, I don't even keep records. Bitcoin is "fungible" here in my country. Someone wants to buy, I sell. If I want to buy, someone else is selling. And if I'm too lazy or my transaction is too big, I go to one of two "exchanges" and just buy or sell, mostly sell as I don't buy from them. The daily limit is small though, one of them is about 8000 USD per day, and the other one is about 50k USD per day.


Anyway, I was just airing out some ideas; I'm sure none of them apply to anyone who doesn't live in my country (which incidentally now has our Central Bank making some "guidelines").

[JayJuanGee]

I definitely think Litecoin is still going nowhere, just because it has Segwit now and potentially LN coming doesn't change a thing. No one liked it and no one cared...for years now. And in the last 4 years, Chinese exchanges have quietly mined millions of litecoins (because it was easy and cheap to do), and will happily let this rise for a while only to dumpity-dump dump their millions of litecoins slowly back into the market once a downtrend is confirmed. I've seen it before, and won't be a part of watching that again. The top 3-4 Chinese exchanges own collectively ~8M litecoin.

I disagree, I see litecoin as what btc should have been: no b/s, no political bickering, spam problem solved logically and simply years ago, possibly more decentralized in mining and ownership than btc, always been in the top 10 by traded volume. What is not to like? I'm just sorry that I did not accumulate more when it was cheaper, because my target price is 1/4 of BTC price (because of its final total of 84 million LTC).

Your post is ridiculous. 

Of course, LTC is not going to have the "problems" of BTC... it's market cap is 1/20th of BTC.  Probably the same with it's development liquidation possibilities, etc.  As you grow, and become more of a threat to banks and governments, such as bitcoin, then the problems you list become part of the package - especially in a decentralized system

[conspirosphere.tk]

What if your BTC stash is worth a few millions some day... Do you think your story, without any sound proof of it, will stand?

What if I don't remember the story of each satoshi in my wallet? Maybe I will have to recurse to this new kind of socks for bitcoin users:

[JayJuanGee]

Is it gonnna be new ATH before weekly candle?
China will tell just in 5 hours!

hm?  I know what you are saying is possible, but you are predicting an additional 11% rise in less than 28 hours, after we just experienced about a 6% rise in the past 24 hours?  

A bit much no?

[steelboy]

Loving the LTC rally! Its the only other coin I hold and have done since $1.  

[leowonderful]

Loving the LTC rally! Its the only other coin I hold and have done since $1.  

Only Bitcoin here for me, and that was starting at 300. I'm happy with what I've got, not a gambly person. I used to hold LTC but sold for Bitcoin a while back in 2015. Not a decision I regret at all, considering what's happened recently.

[BlackFlag]

where to go next?

[Last of the V8s]

https://xotika.tv/#/channel766/BitcoinUncensored right now

Danny Brewster on Neo and Bee. Sad

edit: something something claims https://neodisrupt.com/

bonus terrifying lol:
The Future
Against All The Odds - The Plan Remains The Same

The original Neo plan was to make Bitcoin more accessible and user friendly, through the development of infrastructure built around the Bitcoin technology.
All of our software is segwit ready

[Meuh6879]

a whale exit pump? in a few weeks it's possible litecoin is gonna lose its usp and it's back to business as usual.

few weeks ?
this whale can only pump like 3 Millions at max ... so 3 days with 1 million daily.