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Question: When $60K? (EST time zone)
Feb. 21 - 7 (5.7%)
Feb. 22 - 19 (15.6%)
Feb. 23 - 13 (10.7%)
Feb. 24 - 9 (7.4%)
Feb. 25 - 8 (6.6%)
Feb. 26 - 9 (7.4%)
Feb. 27 - 3 (2.5%)
Feb. 28 - 4 (3.3%)
March - 28 (23%)
After March - 14 (11.5%)
Never - 8 (6.6%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25190887 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.)
Ted E. Bare
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July 18, 2017, 01:14:22 PM

Torque became bearish? What is wrong with this place...

At least Elwar, Jimbo, Dafar, becoin, LFC and rjclarke are still around.
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July 18, 2017, 01:17:49 PM

So it would seem that there will be no spilt chains, and everyone is breathing and buying Bitcoin again.  Smiley

So 2500.00 by the end of the day?  Grin



What I look forward to most is Lightning Network.
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July 18, 2017, 01:37:27 PM

It's getting near my bedtime but I'm sleeping alone tonight and we're getting so close to $2300 I can't stop watching.

Damn you Bitcoin.  Grin

 I've noticed your "Good morning Bitcoinland" is getting later and later these days.  Make sure 'n get that beauty sleep.  What good will all your riches be if you're not healthy enough  to enjoy it?  Shocked
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July 18, 2017, 01:45:39 PM

Torque became bearish? What is wrong with this place...

At least Elwar, Jimbo, Dafar, becoin, LFC and rjclarke are still around.

Still bullish and here for the long term buddy.
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July 18, 2017, 01:49:24 PM

John McAfee is taking bets:

Quote
In the long term Bitcoin moves above  $500,000 within three years. Bets?

https://twitter.com/officialmcafee/status/887012614131372032

Send legal contract bet to:
John McAfee
98 Scott Street. Lexington, TN. 38351


I would definitely take a $500k bet knowing that in 3 years I can sell one of my bitcoins for $500k to pay off the bet happily. Or he gives me $500k. Win win.


Well, the problem is nobody knows what $500k can buy you after 3 years!


Furthermore McAfee is talking about JihanCoin! HE said he will follow Jihan, meaning bigger Blocks.
So this isn' really relevant as I doubt this hardforked coin will have any significance and probably not being called Bitcoin.
His price prediction is also totally crazy. He is talking about a $10 trillion market cap. That guy should definitely stop consuming drugs!
It's also weird that he said he would eat his own dick on national tv if this price prediction should not happen. I mean WTF?!



This guy @McAfee, is crazy. does not mean $5000? Maybe at the time he must have gotten so excited and with too much drugs in his blood made his brain confuse 5000 with 500.000 and now that he already said 500.000. there's no way back with his promise


“Anyway, “Segregated Witness” or “SegWit” is a Swiss army knife in terms of benefits. It leads to improvements on so many levels it’s actually surprising. It’s really, really good. So good that it’s worth listing out all of the benefits. It fixes the substantial transaction malleability problem once and for all, enabling second-layer scaling solutions like Lightning. It 1.7x’s the # of single-signature transactions per block and up to 3.7x’s the # of multi-signature transactions per block.” said Shea.

https://www.cryptocoinsnews.com/bitcoin-chain-split-hard-fork-not-likely-miners-agree-segwit/
Torque
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July 18, 2017, 02:04:53 PM
Last edit: July 18, 2017, 02:15:02 PM by Torque

Torque became bearish? What is wrong with this place...

At least Elwar, Jimbo, Dafar, becoin, LFC and rjclarke are still around.

Still a permabull long term, but it's not wrong to be objective in the short term.

A price breaking upward through ~$2460 or so with RISING buy volume/pressure would signal a trend reversal. We would need to break the pattern of lower highs and lower lows into the next month.

Otherwise, we are still firmly in a downtrend. Because gravity. Also, overall crypto market cap still decreasing.
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July 18, 2017, 02:21:53 PM

That is even better. As long as miners stick to THEIR OWN roadmap we will all be fine... And with all the weak hands shaken during this last correction the rise after all the uncertainty dissapears could be impressive.
The only reason that I somewhat like BIP91 is because it can (and possibly will) prevent the split on August the 1st. The latter part of it, i.e. the hard fork, may end up being a disaster (if it happens).

There seem to be some people asserting that there are versions of BIP91 being run that only accomplish the segwit activation portion of segwit2x and NYA and don't do anything regarding the 2x portion.  I am in the midst of attempting to have such a conversation with ck, here:  https://bitcointalk.org/index.php?topic=1928093.msg20212423#msg20212423


Sounds like you are experiencing some regrets, Lauda?

I execute trades every $50, and everything went pretty smooth with me, except for a mistake that I made at $1859.  For some reason I sold twice at $1859, when I thought that I was executing buy orders.. I still cannot figure out what I did exactly, so in order to recover, I had set buy orders to buy back my mistake at $1840 and $1820, but alas, we never returned to those prices.. at least so far.
No. I am not a trader, or at least not a day trader. I can't bother to move cold storage funds to an exchange for these swings and trading with a few thousand USD is waste of time for me. So, you didn't manage to buy back in yet? I certainly did expect it to spiral down that much, that quickly.

I did not buy back in yet, and like i mentioned, it is not a big deal to me because it only amounts to about .2% of my total BTC related holdings.  I have certainly made much bigger mistakes, and I was also buying all the way down to $1800 (on some exchanges), so I am doing o.k. with the trading part.

Regarding how rapidly the price dropped, yes, I was surprised too.  I had buy orders set down to $1500, but there were some places that I had not really thought it through to well and my orders were a bit scrambled up in the $2000 to $1500 arena.. because, like you, I did not think the price would go down that far and that fast, and I did have some more money that would have been prepared for below $1500 - but I would have been scrambling a bit with those funds too, if such an event would have occurred - so yep, I am feeling a bit better, now that the below $1800 and furthermore the below $1500 are looking less imminent - even though there could be scenarios in which we go back in that direction... but right now upwards seems to have quite a bit of decent pressure and volume and there even seems to be some fundamental reasons that this BIP91 signaling could end up facilitating some solid progress on the segwit front... .. it is like the market is starting to know that the stars are coming close to aligning (in the buy the rumor and sell the news context)



Oh .. and thanks for you clarification of BIP91 and BIP148.  It seems that however many times these explanations are repeated, there are further opportunities for confusion proliferation, which can come from the content of one or two erroneous posts...
I'm somewhat inclined to say that it's rather much simpler than people claim it is, but that may be cognitive bias. The problem with it is that 'what can' and 'what will' happen keeps changing. It is still not definite that a split will be prevented. The odds just keep changing.

There are quite a few variables out there, and even when you are asserting to be "out of the loop",  you seem to be able to identify some of the more important factors, which I find to be helpful... and at the same time, each of us knows that we have to take our internet feed back with some grains of salt... in attempting to figure out which characters might be more reliable than others in terms of providing decent perspective(s).
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July 18, 2017, 03:01:20 PM

Stamp going bonkers, is this just manipulation or are there real whispers of bypassing the fork in the wind?
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July 18, 2017, 03:04:22 PM

Stamp going bonkers, is this just manipulation or are there real whispers of bypassing the fork in the wind?


looks good to me for bypassing fork (assuming I have my many flavors of protocol correct)

https://coin.dance/blocks
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July 18, 2017, 03:07:48 PM

Stamp going bonkers, is this just manipulation or are there real whispers of bypassing the fork in the wind?


looks good to me for bypassing fork (assuming I have my many flavors of protocol correct)

https://coin.dance/blocks

Sorry for my ignorance, I'm not sure what you're reading there. What is it that indicates that we're bybassing now that wasn't there yesterday?
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July 18, 2017, 03:10:42 PM

I personally don't like the sudden and extreme rebounds and drops we've been having, but I guess it's better than the slow death after the 2013 peak. Activation period for BIP91 begins in 7 hours, we shall see if it goes through then or not.
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July 18, 2017, 03:24:07 PM

Well good morning Bitcoinland.

I see yesterday's gains are holding and we're creeping even further upward... currently $2360USD (Bitcoinaverage).

It seems the death of Bitcoin was in Mark Twain's words, "greatly exaggerated".

I've noticed your "Good morning Bitcoinland" is getting later and later these days.  Make sure 'n get that beauty sleep.  What good will all your riches be if you're not healthy enough  to enjoy it?  Shocked

Thanks for your concern but don't worry. I still get my 6-8 hours of sleep every night.

My biological clock was set back in the 1970s when I played music 6 nights a week. Last call was at 1:00AM in Ontario back then and by the time we finished drinking up the beers we were bought during our last set and then packing up our gear, it was 2:00AM before we got out of the bar. By the time we had a few more beers and something to smoke and eat, it was 4:00-5:00AM. That's why I generally wake up at the crack of noon.
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July 18, 2017, 03:32:07 PM

Everything will be fine, just like in 1999  Grin

Goal 2500 by end of day (est)
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July 18, 2017, 03:42:47 PM
Last edit: July 18, 2017, 03:53:03 PM by bitserve

344BTC Bid wall at 2034.99€ on Bitstamp KRAKEN
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July 18, 2017, 03:58:19 PM

what does peter todd mean by this?



it appears the market wants segwit, guessing ATH within hours if BIP91 locks in segwit
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July 18, 2017, 04:17:34 PM

I don't expect the price to recover so quickly, but those are the breaks.

Not when the financial news section about bitcoin currently reads:

This grotesque bubble is blowing apart right now

Please go in your silver hole and stay there.
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July 18, 2017, 04:25:51 PM

I don't expect the price to recover so quickly, but those are the breaks.

Not when the financial news section about bitcoin currently reads:

This grotesque bubble is blowing apart right now

Please go in your silver hole and stay there.

It's funny that some time ago I was thinking about buying PM's... but after all the reminders r0ach was constantly doing here it made me seriously think and research about it and then I realised it was a really bad idea. The transaction costs are astronomical, the liquidity almost non existent if you want something close to spot price, the storage and mobility is cumbersome....

I did buy more BTC instead. Thanks r0ach! Smiley

P.S.: Anyway I still think I will buy one 1KG silver bar before end of year just as a decorative thing or for paperweight usage. I will put it right in front of my zimbawean dollars.
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July 18, 2017, 04:35:40 PM

Is gold even a good investment right now? I must admit it'd be pretty cool to have a 1KG gold or silver bar in a glass cabinet in your home.
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July 18, 2017, 04:36:40 PM

buy the silver bar to write the trezor seed word, its perfect setup
 Cool


I don't expect the price to recover so quickly, but those are the breaks.

Not when the financial news section about bitcoin currently reads:

This grotesque bubble is blowing apart right now

Please go in your silver hole and stay there.

It's funny that some time ago I was thinking about buying PM's... but after all the reminders r0ach was constantly doing here it made me seriously think and research about it and then I realised it was a really bad idea. The transaction costs are astronomical, the liquidity almost non existent if you want something close to spot price, the storage and mobility is cumbersome....

I did buy more BTC instead. Thanks r0ach! Smiley

P.S.: Anyway I still think I will buy one 1KG silver bar before end of year just as a decorative thing or for paperweight usage. I will put it right in front of my zimbawean dollars.
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July 18, 2017, 05:00:28 PM

gold price can be heavily manipulated.
1.)central banks are holding 10 times world's yearly production. They can release reserves when gold is expensive and refill when its cheap. they can manipulate price through futures markets as well.
2.)miners can increase/ decrease production accordingly as well
3.)total amount of gold produced (and relatively quickly available for sale) is still rising, and only very little is lost or used for industry
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