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

[r0ach]

The panic continues

panic

panic

How can you not panic when they're putting stuff in the water to turn the frogs gay?

http://www.youtube.com/watch?v=9JRLCBb7qK8

[Meuh6879]

they're putting stuff in the water to turn the frogs gay?

Answer : Jurassic Park, Chapiter 1
http://jurassicpark.wikia.com/wiki/Gender_control

[MinermanNC]

I think before I would sell off any Bitcoin at a loss, I would convert some into a handful of Premium Alts, (which I think Alts could rise as this gets closer) and ride out the storm.

If BTC to sank to zero, (I've read that it could) the search might be on for the next best crypto lol

However I don't believe there will be a 2 chain scenario, vanishing Bitcoins, etc. etc.. At the end of the day, miners, users, investors all like to see demand and a nice mooning BTC price. I am hoping common sense will prevail.  

Edit: as someone did mention, it will be important to avoid any transactions in any way the last 2 (to) 1 days before Aug 1st.

[luckygenough56]

starting to look like a reversal

[bitserve]

This has some resemblance to a "W" double bottom... But what do I know....

[Meuh6879]

Gap rise between China Currency and others ...

[r0ach]

starting to look like a reversal

It's starting to look like:

The majority who invest money in a vacuos asset like Bitcoin are certain to lose

So my plan is to look for long setups

Fucking rat cocksuckers. 6 fucking BTC trade with Stop Order

[PoolMinor]

starting to look like a reversal

Reversals are usually preceded by large purchases of Litecoin.

[El duderino_]

are we going back up again ? when will we have a new ATH please someone take a SHOT at it   ( minimum 20 diffrent guesses)

the one closest to it get 0.25 BTC of me

start shooting   

[JayJuanGee]

Poll needs real answers, please add:


Drop Below $1,750
Drop Below $1,500
Drop Below $1,250
Drop Below $1,000
Drop Below $750

You are likely correct that the poll could use a bit of an update / facelift...

Sure, various downside, upside and sideways possibilities could be listed.

We are now in about 36% correction territory from $2980 to $1900 - and ETH is in about 62% correction territory from $410 to $155 - and there is some question whether ETH is dragging down BTC or if BTC is dragging down itself with the various scenarios and uncertainties around segwit2x.

I actually had thought that ETH would correct a lot more than BTC and the bottom for BTC would be in the $1500 to $1800 territory, at worse - and that ETH would go into the $50 to $100 territory, at worse.. but now it seems that ETH is not correcting as much as I had anticipated and BTC is correcting more than I anticipated.. so I have to reconsider some of my perspective, to some extent in order to account for these different dynamics and even to incorporate thinking about what I consider to be somewhat different than expected dynamics... and such corrections that still seem to be "in progress"

[European Central Bank]

https://blockchain.info/block-height/476096

a bip 91 block just got created.

[2017Bubble]

[bones261]

[bitserve]

starting to look like a reversal

Reversals are usually preceded by large purchases of Litecoin.

Interesting observation. Why would that happen?

[Meuh6879]

a bip 91 block just got created.

Normal pattern ... BIP9 signaling rise above 50% : http://bitcoin.sipa.be/versions.html

[PoolMinor]

starting to look like a reversal

Reversals are usually preceded by large purchases of Litecoin.

Interesting observation. Why would that happen?

Firstly 4x block speed on average, lower tx fee, lower volume of tx per block, very secure network, maturity of coin, immutability of blockchain, ease of use, widely exchanged,........Is that enough reasons?

[bitserve]

starting to look like a reversal

Reversals are usually preceded by large purchases of Litecoin.

Interesting observation. Why would that happen?

Firstly 4x block speed on average, lower tx fee, lower volume of tx per block, very secure network, maturity of coin, immutability of blockchain, ease of use, widely exchanged,........Is that enough reasons?

I know that, Litecoin is 20% os my portfolio but... that doesn't explain why would reversals start at Litecoin and not Bitcoin itself. Also, Litrecoin haven't been so much affected by this dump.

[PoolMinor]

starting to look like a reversal

Reversals are usually preceded by large purchases of Litecoin.

Interesting observation. Why would that happen?

Firstly 4x block speed on average, lower tx fee, lower volume of tx per block, very secure network, maturity of coin, immutability of blockchain, ease of use, widely exchanged,........Is that enough reasons?

I know that, Litecoin is 20% os my portfolio but... that doesn't explain why would reversals start at Litecoin and not Bitcoin itself. Also, Litrecoin haven't been so much affected by this dump.

Sometimes it is, sometimes not. My guess would be that it is easy to use as a mover of funds from one exchange to another, therefore it would not be affected by whether Bitcoin is going up or down. The process of using Litecoin as a money tunnel works either way.

[Ted E. Bare]

Weak hands and gamblers shaken out! Lovely.

I have been panic buying all the way down.

[r0ach]

Buy the dip is a fools errand. I'm not even sure buy the crash is wise at this point.

The "bitcoin can only go up, buy every dip!" crowd has been getting rewarded for an abnormally long amount of time, so it's inevitable a bear market rape correction sweeps in at some point to dislodge a fool and his money.

Yes, it's called gamblers fallacy.

Nice, Blythe Masters is back.  When are we going to pump silver?  Is there another temporary fakeout to the $14.6 level first, or is it straight skateboard ramp moonshot from here to $3000 gold $90-120 silver?