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

[vroom]

So let me get this straight.
A lot of peeps were worried about the impact of S2x on BTC which may have stalled the price rise a little.
Now that the threat has dissipated, the price is going down? Why don’t peeps just hodl and make the commodity scarce and watch their wealth increase?
I guess trading isn’t a game I want to take up any time soon!

many people sold altcoins and bought bitcoin to get free coins from b2x. now there are no free coins and people change back to altcoins. once this is over we should see a new ATH soon.

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[yefi]

Im slightly confused on how CME will affect the price of bitcoin as there is no actual bitcoin bought in their trades and people using CME are basically just betting on the future price. Or have i got it totally wrong?

The price of bitcoin should converge with the futures price due to arbitrage.

I'd expect institutional investors to go long given momentum and that we're at ATHs. It's probably going to be easier to push this to $20K than say $2K.

Actually I am less and less inclined to educate people on the facts and prefer to let market do its work, i.e. redistribute wealth from those who are ignorant or got it wrong and yet refused to admit their mistakes.  

This. Maybe they'll get the picture when they're our worker bees.

[drbrockcoin]

Well would you look at that, Bitcoin is dropping while Alts are once again skyrocketing in value.

If Bitcoin can't scale and can't be used for everyday transactions, then this also diminishes its usefulness as a store of value. Bitcoin becomes primarily an instrument for rich speculators, and little else. Other coins will be used for actual commerce and day to day transactions.

Are you all happy now?

Yes I am happy.

This scenario is completely acceptable.

In a world where Gold is still used as money (you know for thousands of years) then are you buying your shopping with GOLD or are you using another payment method such as I$I$Coin (FIAT)?

So....

Bitcoin is where you save and speculate if you want

And Etheerum/Litecoin or whatever is what you use to buy condoms at 7/11

[rjclarke2000]

I'm telling myself this little drop the next day after being told no free coins makes sense right?

Selling the btc they don't want due to no free 2x coin?


Right?


Right?

[eXpl0sive]

I'm telling myself this little drop the next day after being told no free coins makes sense right?

Selling the btc they don't want due to no free 2x coin?


Right?


Right?

RIGHT. Just BTFD!      

But I'm sure this is not the bottom yet. Waiting to BTFD.

[AlcoHoDL]

The Duck has awoken!

https://bitcointalk.org/index.php?topic=2378845.0

[Arriemoller]

Looks like us libertarian oldtimers are being overrun by leftist newbies.

https://medium.com/@hamptonfischer/bitcoin-investors-political-views-might-not-be-what-you-think-e6200234d584

[conspirosphere.tk]

Looks like us libertarian oldtimers are being overrun by leftist newbies.

https://medium.com/@hamptonfischer/bitcoin-investors-political-views-might-not-be-what-you-think-e6200234d584

Yes I noticed a number of newfags lately, some of which attempted to troll me acting as red guards of the political correctness. It is the same demographics pushing for bitcoin as cash/trash. Let's hope that they will stay in their safe space playing with their new goymoney for lattes from now on.

[P_Shep]

I can't believe that bitcoin is back at the price it was a day ago. 

[Ibian]

Looks like us libertarian oldtimers are being overrun by leftist newbies.

https://medium.com/@hamptonfischer/bitcoin-investors-political-views-might-not-be-what-you-think-e6200234d584

Inevitable. It's always K types who explore risky ventures like this, and once it's proven to be more or less safe the rabbits join in.

[Arriemoller]

Looks like us libertarian oldtimers are being overrun by leftist newbies.

https://medium.com/@hamptonfischer/bitcoin-investors-political-views-might-not-be-what-you-think-e6200234d584

Inevitable. It's always K types who explore risky ventures like this, and once it's proven to be more or less safe the rabbits join in.

Yes I know, but it makes me feel sad, there are no places for us anymore. Well fewer at least, and I miss the good old days when we were all libertarians and the discussions revolved around different flavours of libertarianism, rather than us against them.


EDIT: revolved

[Last of the V8s]

[Last of the V8s]

keeping up with the garzicks

[_javier_]

next 24hr are critical

[abercrombie]

So what happens next after the segwit2x cancelation?  

[Ibian]

So what happens next after the segwit2x cancelation? 

DOOM

[Elwar]

As long as Bitcoin finally reaches the adoption rate where we can all stop paying taxes, then the true reason for Bitcoin will be fulfilled.

[Last of the V8s]

@Melt_Dem 21h21 hours ago

segwit2x delayed until 2018


still nothing from DCG except the tea-girl

[jojo69]

This has got to be the funniest meme I've ever seen!

LOL!

I hope we have Carolina soon, as I've just got myself two shiny new BTC...

Doing my part to keep it alive.  It was sort of a collective effort, but my credit goes to Bob Lawblaw on this one for the immaculate fiddle shop, tip o' the hat to that fabulous cow killin' queer.

Actually I am less and less inclined to educate people on the facts and prefer to let market do its work, i.e. redistribute wealth from those who are ignorant or got it wrong and yet refused to admit their mistakes. 

This, I love it when being wrong has actual, real time, consequences, as opposed to, say, denying evolution or a spherical planet.

[vroom]

can we have some choo choo please. altcoins got enough love now.