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

[Last of the V8s]

@GENIC0N

2032: Bitcoin is illegal in 307 of 40000 countries

 

[JayJuanGee]

the log line from July 15 is holding

so far just a wick under the 200 DEMA

If they cant break those with THIS news the bear is cooked.

I like this image of scenarios in which the bear is "cooked."   

[El duderino_]

the log line from July 15 is holding

so far just a wick under the 200 DEMA

If they cant break those with THIS news the bear is cooked.

I like this image of scenarios in which the bear is "cooked."   

Its more like the bear is cooking for the last weeks

[JayJuanGee]

Are you even paying attention?

Have you heard of lightning network?  Of course, some of it is already being experimented upon... it could take many years before it is microtransacting on the level of visa... but it is in the works.

Also, you mention that you want to send big amounts of bitcoin around, and you know that the problem is not with big amounts, because in terms of percentage it is not bad, especially if you are getting into the several thousand dollars arena.

Finally, fees are low currently and transaction times are fast currently.

I just looked in my blockchain.info wallet, and it is showing $.12 for regular fees and $2.02 for priority.  Seems fairly reasonable to me, and you could take advantage of these low fees if you want to move money around, at this time.

I have heard of lightning network but its only segwit adresses I'm able to use currently to alleviate fees, I'm just talking about the reality of the situation and how that feeds back into market demand.   Of course I want them to advance the capability of crypto far more then it is now especially for micro transactions, until its usable we are all speculating perhaps a little too much and hence the price pulls back to a more steady area.

I'm pretty sure all my transactions are micro!   I'm not a whale sadly, if fees have fallen to $2 then thats way more realistic for most people to use BTC.    I swear they recently halved, I'll check the graph site I have bookmarked and post the fee structure/backlog as I think its relevant

[https://i.imgur.com/YJAITP6.png[/img]

I dont want to spike the guys site with traffic, pm if you want a link as he gives a few dynamics

You are just coming off as employing BIGBLOCKER and alt coin pumper talking points, no?

BTC does not have to be the be all and end all crypto currency at this exact time and to be able to satisfy all your micro-transaction needs in order to have a large number of other values, including the first time in history there has been the creation of a decentralized secure method to secure, store and transmit value (which is considerably valuable and transformative in and of itself).

Can you see the value of the various current and future use cases of bitcoin without getting caught up on some narrow use case that you personally want or that you personally wished bitcoin would have.  Who fucking cares what you personally want?  You can determine that yourself by buying and using a variety of payment methods and value storage methods and it does not need to be bitcoin to help you to accomplish your personal goals (if you cannot see a fit for bitcoin within your current situation or future projected situation).

I am not trying to denigrate you personally, because bitcoin has a lot of value beyond your projection of transaction fee or transaction time issues, no?

Now, your seemingly implied assertion that Bitcoin's seemingly currently downward price pressures and price movements are attributable to some kinds of deficiencies in bitcoin or that public opinion of bitcoin is becoming too negative, is likely overrated.  Sure, you can sell if you want or you can HODL.. or spread fear that BTC prices are likely to go down, but in the end, this seems like a buying opportunity to me, rather than a time to sell.  But do what you like, and conceptualize the situation however you like because I don't claim to have any crystal ball regarding how all of this is going to play out, even though I am continue to employ my same practice of buying as the price goes down (if it does) and selling on the way up (if it goes up).   I don't see any reason to make any significant changes based on our current situation and the current level of correction and the current level that seems to be attempting to break through buying support in the sub $10k price arena.

[jojo69]

note to self:

watch mempool for early indication of volatility

Have not exactly been watching it, but I just got a standard 1-in, 2-out tx confirmed next block for 0.40$. Mempool seems quiet 

now



last 24 hours

[bitcoinvest]

are you ready to go under 7500 euro / BTC? this is optimistic my prediction for the next 1-3 days is under 7000eur

Good night bitcoin land!

[bitcoinPsycho]

are you ready to go under 7500 euro / BTC? this is optimistic my prediction for the next 1-3 days is under 7000eur

Good night bitcoin land!

I'm not ready

[d_eddie]

note to self:

watch mempool for early indication of volatility

Have not exactly been watching it, but I just got a standard 1-in, 2-out tx confirmed next block for 0.40$. Mempool seems quiet 

now



last 24 hours

Ahh, I see what you mean now. That's right.

[Nosk]

are you ready to go under 7500 euro / BTC? this is optimistic my prediction for the next 1-3 days is under 7000eur

Good night bitcoin land!

Well 7500€ would still be 300$ higher than the lowest possible bottom called by masterluc.
Nothing creepy and shouldn't last long.

But if it go lower than that I think I'll start shitting myself a little.

[Enjel]

@GENIC0N

2032: Bitcoin is illegal in 307 of 40000 countries

 

Judging by how globalism is going right now, I won't be surprised if we have only 1 country by 2032 - a one-world government. (A "democracy" ruled by the big bankers and elites, of course, behind the scenes, with Bitcoin and all cryptocurrencies banned)

[d_eddie]

are you ready to go under 7500 euro / BTC? this is optimistic my prediction for the next 1-3 days is under 7000eur

Good night bitcoin land!

Well 7500€ would still be 300$ higher than the lowest possible bottom called by masterluc.
Nothing creepy and shouldn't last long.

But if it go lower than that I think I'll start shitting myself a little.

Besides, when masterluc made his latest dollar price prediction, USD wasn't free-falling as it is now.

[JayJuanGee]

My lowest limit buy order triggered and filled. I managed to slip another one just a little lower
BTFD

That's the spirit d_eddie....

What if BTC prices go down to $7500, as some of the supposed TA experts are suggesting to be "inevitable" - I suppose similar to the Tera Beara talking point.... she's gonna be right.. she's gonna be right... hahahahhahaha .. perhaps.. .. perhaps NOT.   

[Arriemoller]

Good evidence, Samarkand. Thanks.

I don´t think this will have a big impact on the market at all.
I hope someone of you got a few buy orders filled.

I got one, waiting for one more. Shameless, yes, I am being a little unrestrained in this accumulation spree.

By the way, I hear a distant sound of thunder. No, it's not thunder. It's more like

shhpllllirrrrr shhpllllll weweee shplllrrrhh...

what can it be?
The distant sound of shorts being squeezed in the not too distant future?

That's a choo choo taking of. https://youtu.be/EnTbXxdKKwk?t=226

[JayJuanGee]

going below 10K in a few minutes.

The FUDsters want it so bad, don't they? Sub 10k. I can almost smell the fear...

EDIT: And will ya look at that, some FUD news timed perfectly.    

Torque.   I gotta attempt to find some hilarity with your theme repetition.  And, surely I have some respect that you don't give up...

Nonetheless, let me make another point.  Do you know that many large news organizations already have 90% of the content of obituaries pre-written for notorious people, but merely because they engage in this practice does not mean that they have any fucking clue regarding the timing of the death of the notorious person, even though when such notorious person dies, they are able to publish their well thought out story within an hour or so of notorious person's death.   Go figure.  

Edit  - added on the below:

Hey quick,

Someone wake up JJG so he can tell me again that there are no pre-planned, coordinated attacks on Bitcoin. 

I already beat you to it in my earlier post.     

Let me see if I can say this properly:  "there are no pre-planned, coordinated attacks on Bitcoin."  They are merely opportunistic employments of similar strategies that are held by aligned folks (and perhaps even unlikely bedfellows) to magnify FUD and impact and exacerbate down BTC price movement to the maximum extent that they are able. ..and yes, they would like to obtain the help of "normal" folks too, and to get us to sell our coins on the way down, rather than buying on the way down, like we should be doing.   We agree, Torque.  We agree!!!!!   

[rafanadal]

sub 10k

i think this time it will stick

[JayJuanGee]

As many pointed out the timing couldn't have been better. I'll simply hold my coins. During these days I say to myself that 1 BTC is 1 BTC.
Our time has yet to come.
If Bitfinex and Tether blow up, I just don't care

I would merit this post, but I blew my load

That's gay!!!!!  Not that I am arguing that gay folks have less self-control..... hahahahahahahaha     

[fragout]

sub 10k

i think this time it will stick

Perhaps. Bitstamp seems to forcing the fall. Lets see if $9200 holds.

[jojo69]

starting to feel a little nervous

[conspirosphere.tk]

sub 10k

i think this time it will stick

In the meanwhile on finex someone is going full retard bidding with those couple of billions USDT to get some cheap coins:


https://data.bitcoinity.org/markets/books/USD

[Torque]

sub 10k

i think this time it will stick

Perhaps. Bitstamp seems to forcing the fall. Lets see if $9200 holds.

In the meanwhile on finex someone is going full retard bidding with those couple of billions USDT to get some cheap coins:

Maybe Tether was adopted by Bitfinex specifically to prevent plunges? Our hero? Lol