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

[bitcoinPsycho]

Good luck with that.  I have not yet seen the trend change, merely because we are pausing at the top for a while.... That is not unusual and does not necessitate any kind of significant correction of 40% or 50%, even though one may come, but 20% would be more reasonable, ... even though in the end, anything is fair game in bitcoinlandia... .

It's not much for the TA. It's the forking attacks, the FUD and announced terrorist crackdowns by TPTB ( https://www.coindesk.com/jeff-sessions-bitcoin-use-is-a-big-problem/ ), it's for the technical weak points of BTC (a hundred billions $ project kept alive by some voluntary full node runners? seriously?), and the fact that ultimately it's backed only by faith while every day new better and improved -and cheap- coins are made.  

All this is telling me to not bet the farm on BTC, even if I'm still >80% in it.

I have a more positive outlook on the future of bitcoin . with Japan on board I think many more countries will follow. will be a bumpy ride but what's new

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[sirazimuth]

BTG futures market already active and going haywire on Yobituary.   
current bids .083btc... crypto insanity, but what else is new?...

[BlindMayorBitcorn]

BTG futures market already active and going haywire on Yobituary.   
current bids .083btc... crypto insanity, but what else is new?...

I have to be honest, I was really hoping to ignore this one. I guess that's not happening.

[conspirosphere.tk]

All this is telling me to not bet the farm on BTC, even if I'm still >80% in it.

What a walking contradiction you are. Feels good to be sure of .... nothing I guess?  

I expect that BTC has a few more pumps to realize, during which I plan to diversify at increasing rate (and I have been unloading gradually since 1K). Beyond that I have no certainties.

[vroom]

What I like about BTG is the algorithm change. What I understood is that the algo change makes mining more decentral, it's possible to mine with GPU. I wish mining in bitcoin would be more decentral. Just look at this bch/b2x madness which is backed up by a lot of hashing power.

I also like the free money I get from selling this new shitcoin

[fluidjax]

I get them now, Zerohedge are just taking the piss..


Bitcoin Tumbles After Saudi Prince Calls Crypto - "Enron In The Making"


http://www.zerohedge.com/news/2017-10-23/bitcoin-tumbles-after-saudi-prince-calls-crypto-enron-making

[BlindMayorBitcorn]

Dick from the gas station: "Bitcoin: I don't get it."

[JimboToronto]

Good morning Bitcoinland.

I missed yesterday (too much tequila Saturday night) but I see I didn't miss much.

No new ATHs since Saturday (the day before yesterday) with a lot of bouncing up and down in the $5.6-$6.2 range... currently $5807UDS/$7348CAD (Bitcoinaverage).

While there was no new ATH, there was also no dip deep enough for me to buy. The furthest it went down ($5.6k) is still $500 higher than where I bought 5 days ago.

Meanwhile AltCash is down a tiny bit again... currently $315USD/$398CAD (Coinmarketcap).

Seems there's a little indecision as we head toward the AltGold fork. As always it's a great time to hold.
___

Sometimes this place cracks me up. All the Chicken Little clucking and panicking (or should I say kwukking) over a little bit of Bitcoin's famous volatility.

Jeezuz. Calm down.  

[Denker]

According to Chris Ellis Bitfinex is going to support the Bgold split!
Official announcements coming soon.
Kraken seems to consider it.
So let's see how this will play the next days and if it will effect the price of Bitcoin.
Dump the alt and hold more corn I say!!!  

[jojo69]

bitcoin gold (btg)Will create problems to bitcoin (btc)

Go on then, I'll bite, what problems, explain pls?

if you have bitcoin sell it now .. that wht i can say to you ; mate

lol, I'll get right on that, thank's for the in depth analysis random internet person.

[TwoCorn]

Saudi Prince Alwaleed bin Tala Al Saud :

"I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making."
 
"It just doesn’t make sense. This thing is not regulated, it’s not under control, it’s not under the supervision" of any central bank.


"It just doesn’t make sense." = "Bitcoin: I don't get it."

Saudi Prince Alwaleed bin Tala Al Saud = Dick from the gas station

[Syke]

What I like about BTG is the algorithm change. What I understood is that the algo change makes mining more decentral, it's possible to mine with GPU.

A warehouse full of ASICs vs a warehouse full of GPUs, the mining is still going to be centralized to massive farms to maximize profits with economies of scale.

[sirazimuth]

I get them now, Zerohedge are just taking the piss..


Bitcoin Tumbles After Saudi Prince Calls Crypto - "Enron In The Making"


http://www.zerohedge.com/news/2017-10-23/bitcoin-tumbles-after-saudi-prince-calls-crypto-enron-making

jeezus...
those commenters sure sound like lovely folks ...not.
oh wait, it's the internet...  duhhh!,  nm....

[yermom]

I have a question for panic buyer  why Buy at a high price ( for me +3000 usd  per bitcoin its very expensive )

If it falls or crash What will you do?

Hi panic buyer here.
Question answered

[erre]

https://therearenosunglasses.wordpress.com/2014/02/07/the-curious-case-of-prince-al-walid-bin-talal/

[...] the judge described him in his written ruling as “completely unreliable”, “hopeless” and “pathetic”.

Can't be said better. Completely unreliable, hopeless and pathetic

[Torque]

What I like about BTG is the algorithm change. What I understood is that the algo change makes mining more decentral, it's possible to mine with GPU.

A warehouse full of ASICs vs a warehouse full of GPUs, the mining is still going to be centralized to massive farms to maximize profits with economies of scale.

And also there's this:

TREZOR Statement on Bitcoin Gold Fork

Bitcoin Gold is a proposed fork of Bitcoin, sharing its history up until the block height 491407 (around October 24, 6am UTC). As Bitcoin Gold has a subsequent pre-mine period, we do not yet know when the coin will launch.

pre-mine period

Hahahahahahaha!!!    

[jojo69]

jeezus...
those commenters sure sound like lovely folks ...not.
oh wait, it's the internet...  duhhh!,  nm....

it IS fight club after all

[Icygreen]

What I like about BTG is the algorithm change. What I understood is that the algo change makes mining more decentral, it's possible to mine with GPU.

A warehouse full of ASICs vs a warehouse full of GPUs, the mining is still going to be centralized to massive farms to maximize profits with economies of scale.

And also there's this:

TREZOR Statement on Bitcoin Gold Fork

Bitcoin Gold is a proposed fork of Bitcoin, sharing its history up until the block height 491407 (around October 24, 6am UTC). As Bitcoin Gold has a subsequent pre-mine period, we do not yet know when the coin will launch.

pre-mine period

Hahahahahahaha!!!    

That pretty much says it all. Dump coin it is.

[gembitz]

Good morning Bitcoinland.

I missed yesterday (too much tequila Saturday night) but I see I didn't miss much.

No new ATHs since Saturday (the day before yesterday) with a lot of bouncing up and down in the $5.6-$6.2 range... currently $5807UDS/$7348CAD (Bitcoinaverage).

While there was no new ATH, there was also no dip deep enough for me to buy. The furthest it went down ($5.6k) is still $500 higher than where I bought 5 days ago.

Meanwhile AltCash is down a tiny bit again... currently $315USD/$398CAD (Coinmarketcap).

Seems there's a little indecision as we head toward the AltGold fork. As always it's a great time to hold.
___

Sometimes this place cracks me up. All the Chicken Little clucking and panicking (or should I say kwukking) over a little bit of Bitcoin's famous volatility.

Jeezuz. Calm down.  

:-D

weeeeeeee

[Last of the V8s]

pre-mine period

Hahahahahahaha!!!    

there's also a fork of the btcgold fork - yes - with no premine period

https://github.com/realBitcoinGold/BTCGPU/commit/623ec59bb35bd4f20031506a4314e45a1d53fa6f