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

[leowonderful]

Looking at redditors and Bitcoiners in general panicking and sitting here knowing it'll all change in August. Everybody should just relax and wait, if anything this is nothing compared to the good/bad that will happen in August. Everybody knows price will fluctuate before then but it won't matter very much at all. SW activation will be a huge piece of bullish news when it happens.

[1615241253]

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[1615241253]

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[Ted E. Bare]

They want our coins for cheap. Manipulators everywhere.

[bones261]

it started to fall right after you two posted..  

ok, i put my buy order for fun at 2115 [testing how it feels catching falling bear ]

Well unless you had your order on BTC-e or some obscure BTC exchange, it appears the bear took a bounce before reaching your bid. Don't worry, I'm sure you'll catch it the next time on the way down.

[Meuh6879]

Smite!

But, for me ... pattern followed.

[xhomerx10]

Actually, they don't say it; Job said it.

 "Naked I came from my mother's womb and naked I shall return thither.  The Lord gave and the Lord hath taken away.  Blessed be the name of the Lord."

As an aside, my training in biology suggests this shouldn't be attempted.

 And I'm sure, at least for your mother's part, that it's fortunate you studied biology.

[r0ach]

Morale will improve until beatings continue

[JayJuanGee]

And I was thinking Ver accepted the fiasco of his BU project. Now he will try to sabotage segwit: https://www.dashforcenews.com/bitcoin-com-to-dump-segwit2x-roger-ver-might-help-nchain-block-segwit/
Pride, greed and envy are the forces that drive this lunatic.

Seems like mostly pride and envy to me.

[Chef Ramsay]

https://twitter.com/clif_high/status/886005467838693376

[2017Bubble]

So how low will it go then?

1400

Its not rocket science. Some guy called me a loser because  I sold close at the peak haha

[Torque]

https://twitter.com/clif_high/status/886005467838693376

Hey, I've got a new forecast for ya.

Ack! That old man is a complete fraud and his supposed web bot data is worthless!

[bitserve]

Strange USD funding wall on Bitfinex...$5.5 million at .03%.

Usually the funding is in the hundreds of thousands at most.

Not sure what it means, a lot of people can go long for a very low rate.

It probably means there have been a LOT of sells that are now in FIAT and they don't want to widthdraw to banks so they go the lending route with their "crypto money". Bullish!

I'm thinking bullish, too.. but with a different framework to the analysis.

The point is not that people are offering fiat for loan, but that there are people taking out the loans.. so they take out the loans in order to use the money to buy bitcoin, correct?  Of course, they could be using the money to short, but that just leads to too much complexity in the analysis, no?

Taking the loans? Not that much if interest was .03%. My point is that unless a real bear market comes for long term many people doesn't withdraw the FIAT but just rest it on the exchanges waiting for a better price, so the drop is cushioned or even reversed without that much need for "new money". It's just only a theory though. We will see.

[Bitcoinaire]

Its dropping like a rock.  We might see sub $2000 by the end of the weekend.

[infofront]

LMFTFY:

2 weeks is half an eternity on cryptoland, many will succumb, thats how we lose good people weak hands.

[JohnUser]

Its dropping like a rock.  We might see sub $2000 by the end of the weekend.

It look like we will sub $2000 today. And the week-end just begin.

[AlexGR]

Its dropping like a rock.  We might see sub $2000 by the end of the weekend.

I don't think it will happen (I mean prices strongly sub-2k) for the simple reason that some people will be +20-30% up on their stash by selling at 2500-2800 and rebuying at sub-2k prices. If it goes way lower, some will be able to increase their btc holdings even more by simply trading the high and low. I guess some may be able to do it but BTC is scarce so it can't happen on a large scale, hence why the price will have to brake.

[r0ach]

Did someone say silver bitchez?

http://www.silverdoctors.com/gold/gold-news/shocking-ceo-of-the-cme-tells-fox-biz-gold-should-probably-be-at-5-6koz/

[Torque]

Did someone say silver bitchez?

http://www.silverdoctors.com/gold/gold-news/shocking-ceo-of-the-cme-tells-fox-biz-gold-should-probably-be-at-5-6koz/

Some think that that there was some hat tipping going on there. I don't. I think he's sincere in his belief that the metals should be orders of magnitude higher, but also secretly knows that they are being manipulated down until the fat cat banks close out all of their short positions and start to go long.

I think overall negative sentiment on PMs is pretty much here... the bugs are exhausted and throwing in the towel. And I don't know a single family member, colleague, or friend that owns any PMs at all other than perhaps some jewelry. And most millennials are broke and so no they'd rather have some easy peasy crypto on their phone.

[micalith]

And I was thinking Ver accepted the fiasco of his BU project. Now he will try to sabotage segwit: https://www.dashforcenews.com/bitcoin-com-to-dump-segwit2x-roger-ver-might-help-nchain-block-segwit/
Pride, greed and envy are the forces that drive this lunatic.

I followed that link, then listened to https://soundcloud.com/heryptohow/roger-ver-on-craig-wrights-the-future-of-bitcoin-speech. I must say that he has a fair point regarding scaling. I would agree with him, but I certainly don't like the prospect of less decentralisation due to more expensive node tech.

I guess it's down to a choice between two compromises.

Either way, I really think bitcoin is going to split much like Ethereum did.



edit: the only way to avoid a split that I can think of is to accept Segwit2x for now, then get consensus for much bigger block size over the next year...

[bones261]

And I was thinking Ver accepted the fiasco of his BU project. Now he will try to sabotage segwit: https://www.dashforcenews.com/bitcoin-com-to-dump-segwit2x-roger-ver-might-help-nchain-block-segwit/
Pride, greed and envy are the forces that drive this lunatic.

I followed that link, then listened to https://soundcloud.com/heryptohow/roger-ver-on-craig-wrights-the-future-of-bitcoin-speech. I must say that he has a fair point regarding scaling. I would agree with him, but I certainly don't like the prospect of less decentralisation due to more expensive node tech.

I guess it's down to a choice between two compromises.

Either way, I really think bitcoin is going to split much like Ethereum did.



edit: the only way to avoid a split that I can think of is to accept Segwit2x for now, then get consensus for much bigger block size over the next year...

Problem with Segwit2x is that they are pushing the for block increase soon after Segwit activation. If everything goes according to the plan, the August 1 split will only result in a minor split with those who won't signal for Segwit no matter what. However, there will be the risk for a more substantial split come mid November when the 2M blocks come into play.

[degxtra1]

I know you are old spamer here, but I couldn't resist to save this pic on my handy at this occasion.