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Question: Where will this rally top out?
Already topped <$7,000 - 20 (22.5%)
$7,000-$7,499 - 7 (7.9%)
$7,500-$7,999 - 8 (9%)
$8,000-$8,499 - 7 (7.9%)
$8,500-$8,999 - 6 (6.7%)
$9,000-$9,499 - 1 (1.1%)
$9,500-$9,999 - 1 (1.1%)
$10K+ - 39 (43.8%)
Total Voters: 89

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21590029 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. (144 posts by 34 users deleted.)
Lauda
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July 16, 2017, 01:57:11 PM

I think it is fair to say, looking back, that this may be of the biggest buying opportunities above $1k. Moon would be easily reachable if we didn't have malicious agents trying to centralize the system. Roll Eyes

I am already panic buying lol.
I am calling a maximum potential low of $1500. However, I do not see a reason for which the price is dropping this sharply this weekend. If people were scared of August the 1st, dumping a few weeks ago made more sense (not 2 weeks before); not that there is something to be afraid of.
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gembitz
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July 16, 2017, 02:02:48 PM



 Cool  ~there is no fork**
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July 16, 2017, 02:07:15 PM
Last edit: July 16, 2017, 02:18:36 PM by bones261

In retrospect, when I made my entry in late 2014 on the crytocurrency scene, I should have just bought BTC and not screw around with cloud mining and altcoins. (AKA GHASH and XPY. etc etc) Perhaps I'll have an opportunity to do this the right way now that I'm more experienced and wiser. However, we're probably not going to see sub $1000 BTC again. <sigh> I'll have to pay a premium for my folly.


I am calling a maximum potential low of $1500. However, I do not see a reason for which the price is dropping this sharply this weekend. If people were scared of August the 1st, dumping a few weeks ago made more sense (not 2 weeks before); not that there is something to be afraid of.

I think it's starting to sink in with some people that FrankenSegwit may not come out with sound code; and with it's planned Hardfork, come November, it's just kicking the can down the road a little for another major forking threat.
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July 16, 2017, 02:14:47 PM

I'd say a lot of hodlers have opted to ride this out in fiat or maybe litecoin.
There will be a massive buy back in and spike  when dust settles. JMHO
Coinbase blog still silent. probably best strategy
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July 16, 2017, 02:18:45 PM

Bitmain also still owes me about .40 BTC with a Pacmic contract. I wonder what coins I will actually be getting back come August 1st..

Good question. Most probably you'll end up with BUcoins.
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July 16, 2017, 02:21:45 PM

In retrospect, even my hindsight is bad. Who waits years and years for an insane pump, gets one, and let's it slip away without taking profit? Hodling is a habit that's really hard to break.  Undecided
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July 16, 2017, 02:27:17 PM

Hodling is a habit that's really hard to break.  Undecided

Why would anyone want to break a useful and profitable habit?
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July 16, 2017, 02:29:28 PM

In retrospect, even my hindsight is bad. Who waits years and years for an insane pump, gets one, and let's it slip away without taking profit? Hodling is a habit that's really hard to break.  Undecided


Join my club .... but, but this time its different Smiley
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July 16, 2017, 02:30:07 PM

Bitmain also still owes me about .40 BTC with a Pacmic contract. I wonder what coins I will actually be getting back come August 1st..

Good question. Most probably you'll end up with BUcoins.


I'm beginning to feel like Jack's mother. However, I don't think these beans will be magic, so I won't be getting a goose that lays golden eggs in the end.  Angry
WhatsBitcoin
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July 16, 2017, 02:32:18 PM

Hodling is a habit that's really hard to break.  Undecided

Why would anyone want to break a useful and profitable habit?


I imagine a lot of Bitcoin users are only now getting wise to our impending chain-split, but we've been paying attention. What's our excuse?
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July 16, 2017, 02:34:46 PM

No logic in charts at all. MACD red since June 12. (1-day chart)
Freefall and panic Grin
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July 16, 2017, 02:36:02 PM

Bitmain also still owes me about .40 BTC with a Pacmic contract. I wonder what coins I will actually be getting back come August 1st..

Good question. Most probably you'll end up with BUcoins.


Forgive my difficulty in keeping up with all the changes, but isn't Bitmain going to be adopting Segwit2x, thus not doing BU after August 1st?
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July 16, 2017, 02:41:42 PM

I'd say a lot of hodlers have opted to ride this out in fiat or maybe litecoin.
There will be a massive buy back in and spike  when dust settles. JMHO
Coinbase blog still silent. probably best strategy

Then when it starts sinking again, they'll be asking "What's happening?" and bemoaning "This doesn't make any sense, we have Segwit now!"

Play 'em like a fiddle.
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July 16, 2017, 02:42:34 PM

.
mass hysteria!

This is so bad



"We tried to speak to Jeff Garzik, the lead maintainer of the new segwit2x client, to gain some clarity on the relationship between segwit2x and Bitcoin Core, but have received no response at the time of writing."

https://www.cryptocoinsnews.com/bitcoin-crashes-chain-split-risks-increase/



bones261
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July 16, 2017, 02:46:08 PM

Bitmain also still owes me about .40 BTC with a Pacmic contract. I wonder what coins I will actually be getting back come August 1st..

Good question. Most probably you'll end up with BUcoins.


Forgive my difficulty in keeping up with all the changes, but isn't Bitmain going to be adopting Segwit2x, thus not doing BU after August 1st?

That's the current plan. However, Wu has also indicated that August 1st would be a good time to try a fork, too. Wu is the very incarnation of FUD.
In the beginning, there was FUD.
And the FUD was with Bitcoin, and the FUD was Bitcoin.
And the FUD became flesh and dwelt among us.
His name is Wu.
becoin
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July 16, 2017, 02:46:30 PM

What's our excuse?

Who waits years and years for an insane pump, gets one, and let's it slip away without taking profit?

For an excuse I suggest you ask those people that waited years and years for the "insane" pump and let it slip away without taking their profit first at $32, then at $240, and then at $1150... Do you think they are too impressed they didn't take their profit at $2900?
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July 16, 2017, 02:49:32 PM

Alt coins are looking worse.

Bitcoin dominance % is up.

Litecoin is doing great though. I was not that much wrong when I thought it would be good as a hedge against political issues in Bitcoin. Unfortunately, 80% of my portfolio is Bitcoin. And I am not selling. Didn't do it in 2013/2014, won't do it now.
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July 16, 2017, 02:53:23 PM

It's not just Bitcoin either, guys. Ethereum continues its downward plunge and could be below $130 today. No alt is doing too well for the most part here. LTC is doing pretty well due to SW activation and longer term price rise, however. Going to continue my HODL until we get past August, perhaps then we might get more bullish news and another ATH.
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July 16, 2017, 02:54:20 PM

I am already panic buying lol.
I am calling a maximum potential low of $1500. However, I do not see a reason for which the price is dropping this sharply this weekend. If people were scared of August the 1st, dumping a few weeks ago made more sense (not 2 weeks before); not that there is something to be afraid of.

Weak hands are not afraid of 1st Agust, as you said they would have sold earlier. Weak hands are dumping because they are afraid of the dumping other weak hands started. That's all.
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July 16, 2017, 02:56:04 PM

Litecoin is doing great though. I was not that much wrong when I thought it would be good as a hedge against political issues in Bitcoin.

It only appears that way because Litecoin is running behind the wave. Just wait until the 7/20 MA downside cross on the 3d and you will finally see the ugly side of that Litecoin pump start to kick in.
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