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

[Spaceman_Spiff_Original]

next stop $3400 ?

I am guessing $3600-4000-ish.

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[Icygreen]

My feeling is we've got to test 4100 for confirmation before another move can be made. If that does not hold which I suspect it should, 3800-3700 could be the next stop.  I'll fill my boots with cheap coins so either way I'm happy.

BCH continues to sink lower. Currently .086 or $366 and likely to go lower with that trend. Probably bounce nicely approaching ETH @ .069 before a further move.

[becoin]

BCH = 0.085 BTC. LOL
Who bought bcash at the top?

[free-bit.co.in]

BCH = 0.085 BTC. LOL
Who bought bcash at the top?

You mean who sold at the top? Winners! 

[European Central Bank]

BCH = 0.085 BTC. LOL
Who bought bcash at the top?

i'm amazed it was so high for so long. i wouldn't discount the pumpers scooping it up for some fun at a later date, but it's hardly looking like the bitcoin liberation it was billing itself as.

[BlindMayorBitcorn]

BCH = 0.085 BTC. LOL
Who bought bcash at the top?

i'm amazed it was so high for so long. i wouldn't discount the pumpers scooping it up for some fun at a later date, but it's hardly looking like the bitcoin liberation it was billing itself as.

The market is busy pricing in the maximum disruption strategy of Jeff Garzik. We're sinking with the same ship.

[becoin]

BCH = 0.085 BTC. LOL
Who bought bcash at the top?

i'm amazed it was so high for so long. i wouldn't discount the pumpers scooping it up for some fun at a later date, but it's hardly looking like the bitcoin liberation it was billing itself as.

The market is busy pricing in the maximum disruption strategy of Jeff Garzik. We're sinking with the same ship.

Jeff Who?
Is that the same guy that disrupted Bitcoin through  Bitcoin XT, Bitcoin Classic, and Bitcoin Unlimited? Now he plans to disrupt Bitcoin through Bitciion B2X? And you expect I should be impressed?...

[BlindMayorBitcorn]

BCH = 0.085 BTC. LOL
Who bought bcash at the top?

i'm amazed it was so high for so long. i wouldn't discount the pumpers scooping it up for some fun at a later date, but it's hardly looking like the bitcoin liberation it was billing itself as.

The market is busy pricing in the maximum disruption strategy of Jeff Garzik. We're sinking with the same ship.

Jeff Who?
Is that the same guy that disrupted Bitcoin through  Bitcoin XT, Bitcoin Classic, and Bitcoin Unlimited? Now he plans to disrupt Bitcoin through Bitciion B2X? And you expect I should be impressed?...

Billions of dollars in fiat at their disposal. We only have to lose once.

[becoin]

BCH = 0.085 BTC. LOL
Who bought bcash at the top?

i'm amazed it was so high for so long. i wouldn't discount the pumpers scooping it up for some fun at a later date, but it's hardly looking like the bitcoin liberation it was billing itself as.

The market is busy pricing in the maximum disruption strategy of Jeff Garzik. We're sinking with the same ship.

Jeff Who?
Is that the same guy that disrupted Bitcoin through  Bitcoin XT, Bitcoin Classic, and Bitcoin Unlimited? Now he plans to disrupt Bitcoin through Bitciion B2X? And you expect I should be impressed?...

Billions of dollars in fiat at their disposal. We only have to lose once.

It doesn't matter how much dollars do they have because they can sell bitcoins if they have bitcoins. They can't borrow enough bitcoin to influence market! And for you the only way to lose is if you sell your bitcoins!

[jojo69]

[gembitz]

BCH = 0.085 BTC. LOL
Who bought bcash at the top?

i'm amazed it was so high for so long. i wouldn't discount the pumpers scooping it up for some fun at a later date, but it's hardly looking like the bitcoin liberation it was billing itself as.

The market is busy pricing in the maximum disruption strategy of Jeff Garzik. We're sinking with the same ship.

Jeff Who?
Is that the same guy that disrupted Bitcoin through  Bitcoin XT, Bitcoin Classic, and Bitcoin Unlimited? Now he plans to disrupt Bitcoin through Bitciion B2X? And you expect I should be impressed?...

Garzik checks out ... why all the hate brah?    lol

[Odalv]

I really do not understand why the "core team" has a 2X problem.
Without 2X is not Segwit. Bitcoin has exponential support, so 2X is a good compromise.

Well, they never really agreed to Segwit2x. They implemented Segwit, which had widespread support. The miners and services decided amongst themselves to hard fork 3 months later. Discussions of the 2x hard fork itself aside, I think it's reasonable that both Core and users generally oppose such a timeline.

... ok I understand that they want to create a "market fee" and "birth of side chains" as soon as possible.

The war between Bitcoin and Segwit2x will damage both sides and finally 2X is necessary (only the of time question)

The way I see it, the damage was already done. Maybe not for the same reasons as others think so, though. To me, the fact that BIP148 folks (now NO2X folks) wanted to permanently split Bitcoin so they could activate Segwit a bit earlier tells me they don't share my long term interests. If anything, it was an attack on my interests as a holder. Likewise, hard forks -- particularly contentious and hasty ones -- similarly threaten my long term interests.

There's a lot more to gain in terms of consumer (cheap) payments, anonymous payments, smart contracts and more if we are just patient and allow developers to build on top of Segwit.

https://bitcointalk.org/index.php?topic=2237232.0

[bitebits]

I think the declining BTC value of BCH indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

[fabiorem]

Isnt it the same guy of the "buy bitcoin" sign?

[d_eddie]

I think the declining BTC value of BCC indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

I think the declining BTC value of BCH (I suppose that's the altcoin you meant) indicates that a certain gang thinks their money is best burned supporting the next attack, so BCH purchases are being phased out.

[JayJuanGee]

I really do not understand why the "core team" has a 2X problem.
Without 2X is not Segwit. Bitcoin has exponential support, so 2X is a good compromise.

... ok I understand that they want to create a "market fee" and "birth of side chains" as soon as possible.

The war between Bitcoin and Segwit2x will damage both sides and finally 2X is necessary (only the of time question)

You are full of shit.

You assume the conclusion to your logical puzzle. Don't know why core is against, 2x, 2x is necessary.. blah blah blah...

No 2x is not necessary.  There is absolutely no reason for 2x, except the fact that various folks (including you) are making up facts and conclusions in order to assert that 2x is necessary, when it is clearly not.

2x is only being propositioned as being necessary in order to make attacks upon THE REAL bitcoin.

You know that, but you are just coming into this thread and making nonsensical points and assuming the conclusion that you want to reach (and you hope others will reach your nonsense too..... like they do in r/btc... and.. makes NO sense.

before i thought 2mb blocks were a good compromise ...now after the august events it's really is not. maybe someday yes but for now it appears the current parameters are fine as is ~ i feel the original troll of x2 was to undermine the LN team... 

I never really did believe that 2x was justified at any point; however, i agreed with your point that 2x could be a decent and good and warranted plan in the future, if necessary.

One additional thing that happened with the renegade Bcash fork is that it should be strongly considered these fuck-job forkers pretty much took over the whole bitcoin space with their bullshit, and pretty much negated any kind of good faith that might have been read into some of the supposed segwit2x (NYA) signatories....

Anyhow, that segwit2x agreement should be pretty much considered to be null and void because the terms no longer apply, in part based on the renagade bcash hardfork - and further another reason (but a little weaker, but legit nonetheless) for segwit2x agreement to be null and void is that empirical evidence pretty much shows that the 2x part of segwit2x is not really justified - and therefore any segwit2x agreement was somewhat reasoned on actual necessity and justification rather than just blindly implementing (as several whiner nutjobs frequently falsely proclaim that there was some locking in without any need for further justification)

[becoin]

I think the declining BTC value of BCC indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

I think the declining BTC value of BCH (I suppose that's the altcoin you meant) indicates that a certain gang thinks their money is best burned supporting the next attack, so BCH purchases are being phased out.

Yep. Pretty much you sum it up.
RIP BCH. Hello B2X.
Next free money drop, please!

[Odalv]

I think the declining BTC value of BCC indicates the market is pricing in the increasing odds of 2MB Bitcoin blocks becoming reality.

I think the declining BTC value of BCH (I suppose that's the altcoin you meant) indicates that a certain gang thinks their money is best burned supporting the next attack, so BCH purchases are being phased out.

Yep. Pretty much you sum it up.
RIP BCH. Hello B2X.
Next free money drop, please!

I'm not sure it is "Next free money drop, please!".
Your BTC transaction will be replayed on BTC2X.

[JayJuanGee]

next stop $3400 ?

I believe this is impossible. We have to pass 4100,4000,3900,3800,3700,3600,3500 for this to happen. It's not witch craft

I doubt that it is analytically helpful to look at every single $100 increment as if it were an area of support, because then we will become too overwhelmed with information.

So currently we are bouncing between about $4150 and $4300.. more or less, so it seems that our next area of support is at about the $4000 territory, and this one would not be too difficult to break below - because we are only recently out of that one.

However, the next area of support would be around $3,600, and that one should prove a bit more difficult to break through.

If we break below $3600, then we will be back to testing the earlier level of the dip, which is around $3k.  Thereafter $2500-ish.. etc.. etc... 

I personally think $3600 is reasonable, with maybe nearly a 40% chance.. and harder to predict beyond that.. and sure we gotta get down there first... and there is a decent chance that we could go up from here, anyhow, perhaps in the 50/50 territory.

[JayJuanGee]

wait...so the trend line from 14 July to 15 September is NOT STEEP ENOUGH for you greedy motherfuckers???   

Gotta zoom out a little bit more fellow greedy.