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

[empowering]

snip  

Possible....

I just do not get the feeling that the fundamentals are going to allow a prolonged bear market at this stage.

There is too much money wanting in on the cryptospace- and BTC in particular.

I do not see them sitting idle for a year with $ on the sidelines -not when BTC performs the way it does and not when the rest of the markets are yield hungry - if not starved and  I DO NOT  see that getting any better  anytime soon... do you?

Far more likely that the Crypto overall market cap is  going to reach 1 trillion in the next year and a bit.. and whilst BTC dominance may or may not drop a little - BTC will still get a fair % share of that influx of capital...

So you do the math.

I expect volatility... maybe a breather here and there...  

Then violent ratcheting upwards of price... (this could occur after a smaller in comparison "dip") I find this more likely than a year or longer bear market...

There seems little reward for funds that want to get in, to dillydally on the sidelines - people have seen the results of waiting another year for the past 8 years -and the case is stronger now (by far) than it has ever been.

Of course anything could happen - and I do wonder if we are about to see some more news from China that FUDs the market (more regs)

[JimboToronto]

A lovely good morning Bitcoinland.

Looks like recovery from the PBoC over-reaction/panic is just about complete... currently $4610USD/$5720CAD (Bitcoinaverage).

That's about where we were after the natural healthy correction after hitting $5k.

Almost all cryptocurrencies are also up with AltcoinCash up to $635USD/$787CAD (Coinmarketcap).

It's a good sign for all of us who continued to hold after the fork.

Now we can start looking toward a series of new ATHs.

Go Bitcoin go.

[jojo69]

idol

idle

just trying to help

[empowering]

idol

idle

just trying to help

meh yeah mental brain fart

(but thanks)

[Icygreen]

I've just finished my 3 week show with the "Bitcoin Accepted Here + 10% discount" sign. No transactions unfortunately. Only met 2 other holders and they weren't using it as a payment method but rather trading a portion and holding another. I learned that the majority of the population has heard of bitcoin somehow but have no idea what it is or where to start and probably don't care enough or have the time to research it.
About 1 percent were curious or knew someone with bitcoin and several people took photos of the sign for their teenage sons.

My neighbor became curious about BTC and eventually downloaded a wallet. I agreed to buy some small amount for her but it never happened and I didn't want to push it but rather I gave her some sources to start learning from.
I believe bitcoin is still in the very early adopters stage and I don't see bitcoin becoming a popular method of payment anytime soon and perhaps that will be the last thing it becomes.  On the other hand, credit card "Tap" transactions are becoming wildly popular.

It was great to have so many ATH's during the show backing up my argument and a sweet Labor day discount.  

Looks like the train is pulling away again and my recent buys are looking good at bitstamp $4550

 Well I was prepared to attend the icygreen show just to get my 10% but I didn't see a reply to my post inquiring about it.
 What are you a Bitcoin Busker?

I had considered sharing details of my show/identity but when I interpreted your remarks as belittling,  "The Icygreen show" and "bitcoin Busker" I decided anonymity on this forum was in my best interests.

[explorer]

Always keep in mind that during the age of the city-state, people were known as "serfs" and bound to the land. Not so much fun....

Anyway, Bitcoin continues to bounce around, never dull but not complaining...

This. Serfs were basically slaves with the 30% in taxes they had to pay on their wages.

Beats the current situation in most places...

[CoinCube]

Bitcoin is dying again.

Bitcoin... the beginning of the end
http://www.marketwatch.com/story/bitcoin-ether-and-other-cryptocurrencies-may-be-seeing-the-beginning-of-the-end-2017-09-06

There's a big, smart short with pockets deeper than a whale puss that's gonna wreck any futile attempts at recovery.

It's just the way it is. Don't shoot the messenger.

So please sell all your bitcoins preferably on a weekend and during the next short attempt at a 25-35% discount.

Be afraid be very afraid. Pay no attention to adoption or fundamentals.

Bitcoin Exchange Coinbase Hits 10 Million Users
https://www.google.com/amp/s/www.cryptocoinsnews.com/bitcoin-exchange-coinbase-hits-10-million-users/amp/

Now, Coinbase has surpassed 10 million registered users. In the last three weeks of August, the bitcoin exchange added an astonishing 800,000 users.

Don't think to hard about the fact that there are currently only 16.5 million bitcoins worldwide and that Coinbase alone has 10 million users adding just shy of a full million new members in a single month.

Sell all your bitcoins right now this very second.

Fear... Uncertainty... Doubt

(A message from your favorite local investment bank which will kindly help you out and buy your dying investment from you because they are motivated by goodness and altruism.)

[jojo69]

Always keep in mind that during the age of the city-state, people were known as "serfs" and bound to the land. Not so much fun....

Anyway, Bitcoin continues to bounce around, never dull but not complaining...

This. Serfs were basically slaves with the 30% in taxes they had to pay on their wages.

Beats the current situation in most places...

right?

I was going to say, only 30%?? sign me the fuck up!!!

[bitcoinPsycho]

BCH pumping pretty hard today.

Why

[Torque]

Bitcoin is dying again.

Bitcoin... the beginning of the end
http://www.marketwatch.com/story/bitcoin-ether-and-other-cryptocurrencies-may-be-seeing-the-beginning-of-the-end-2017-09-06

Heed their warning pleebs! Stay the fk away from Bitcoin foreverz! Because random person who writes for the interwebzines knows better than you!

[Last of the V8s]

BCH pumping pretty hard today.

Why

it takes less than a grand to pump that ole girl up, so why not? may as well.
also they've got a scamference coming up where Jihan's gonna pump it some more, so they need it not to die just yet.

[empowering]

Bitcoin is dying again.

Bitcoin... the beginning of the end
http://www.marketwatch.com/story/bitcoin-ether-and-other-cryptocurrencies-may-be-seeing-the-beginning-of-the-end-2017-09-06

I like "The sudden Chinese crackdown on bitcoin"

I stopped reading at that point - I am assuming the author has not got a time machine (and was a making a lazy reference to the temporary ban on ICO's)

Lazy

 

[Last of the V8s]

@BTCbenny

[Ibian]

BCH pumping pretty hard today.

Why

it takes less than a grand to pump that ole girl up, so why not? may as well.
also they've got a scamference coming up where Jihan's gonna pump it some more, so they need it not to die just yet.

When is this wonderful free money event due to take place?

[Pruden]

[edited out]
 

Don't get lulled into a false impression of equivalencies between cryptos, merely because we have short term simularities (supposed synchronization) in performance - that happens sometimes, yet it does not necessarily play out on a longer scaler or even speak to some fundamental differences between them.

There seems to be one guarantee though, all crypto keeps rising in USD price regardless of bubbles and busts

Is this correct?

Sure all cryptos have been in a considerable price appreciation in regards to the dollar for nearly a year now, and sure, such ongoing crypto pumping can occur for another year or two (surely not guaranteed), but even if various cryptos are pumping simultaneously, that does not take a way from the fact that some of them are pure crap and they are just caught up in the pump.. so merely because they happen to be top 10 in crypto, does not necessarily make them good or good investments in relation to bitcoin, for example.

Also, we know that sometimes, you can make way more in various alt currency pump and dumps (maybe even 10x more than BTC or even greater), but those kinds of historical facts do not make those alt cryptos equivalent to bitcoin in fundamental terms - even though they surely are likely to be riding on bitcoin's coat-tails of success and security in order to achieve their own level of price appreciation that might dwarf bitcoin for short periods of time and even allow people to become rich faster, if they can play their cards right and not get scammed in such pump and dumps.

Anyhow, the recent consistent and ongoing superior price appreciation of various cryptos in regards to the dollar does not guarantee in any way that it is going to continue or even continue consistently when some of the scams are discovered, which could also take a considerable amount of time to realize that a large number of the cryptos are scams or at least they do not have fundamental value beyond theoretical and beyond a bunch of folks pumping money into them.

When you give away precious seconds of your life to read a reply from JayJuanGee:

[Last of the V8s]

[Last of the V8s]

BCH pumping pretty hard today.

Why

it takes less than a grand to pump that ole girl up, so why not? may as well.
also they've got a scamference coming up where Jihan's gonna pump it some more, so they need it not to die just yet.

When is this wonderful free money event due to take place?

20-21/09 http://bitkan.com/event?from=bitkanen#features
other conferences with fewer scammers are available

[Karartma1]

BCH pumping pretty hard today.

I hope that means Roger is losing money...

Maybe the opposite.


By the way, I think the new difficulty change is being priced in: in 5 days BCH diff. will go down and some hashrate will jump there.

[gembitz]

BTCBTC $5OOO floor $1OOOO+ soon* weeeeee ~ to da mooonl™

[xhomerx10]

I've just finished my 3 week show with the "Bitcoin Accepted Here + 10% discount" sign. No transactions unfortunately. Only met 2 other holders and they weren't using it as a payment method but rather trading a portion and holding another. I learned that the majority of the population has heard of bitcoin somehow but have no idea what it is or where to start and probably don't care enough or have the time to research it.
About 1 percent were curious or knew someone with bitcoin and several people took photos of the sign for their teenage sons.

My neighbor became curious about BTC and eventually downloaded a wallet. I agreed to buy some small amount for her but it never happened and I didn't want to push it but rather I gave her some sources to start learning from.
I believe bitcoin is still in the very early adopters stage and I don't see bitcoin becoming a popular method of payment anytime soon and perhaps that will be the last thing it becomes.  On the other hand, credit card "Tap" transactions are becoming wildly popular.

It was great to have so many ATH's during the show backing up my argument and a sweet Labor day discount.  

Looks like the train is pulling away again and my recent buys are looking good at bitstamp $4550

 Well I was prepared to attend the icygreen show just to get my 10% but I didn't see a reply to my post inquiring about it.
 What are you a Bitcoin Busker?

I had considered sharing details of my show/identity but when I interpreted your remarks as belittling,  "The Icygreen show" and "bitcoin Busker" I decided anonymity on this forum was in my best interests.

    Sorry, Bitcoin Street Performer it is.