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

[Toxic2040]

Good morning Bitcoinland.

Will we pass $12k soon?

Go Bitcoin go.

Yes.

*edit*  Shorts start closing at 11.8      will be fun to watch.

[mike4001]

BTC dominance at 38,9%.

[Elwar]

Question for some of you living in the U.S. who have cashed out recently....what exchange do you recommend?

itBit is best for large amounts

[RayX12]

BTC dominance at 38,9%.

Amazing how quickly things change!  My ALTs are getting killed while my BTC is king again.  I cant figure out why BTC is king so quickly while it only has 38.9% dominance.

[Elwar]

So...finex is down and stamp is up.

Is this due to a jump in shorts?

[BTCMILLIONAIRE]

So...finex is down and stamp is up.

Is this due to a jump in shorts?

Maybe they ran out of Tether?

[jbreher]

The average guy from the street has no idea what Bitcoin is, period. Again, I fail to see the point. If you're gonna get involved in crypto without doing your due diligence, you're gonna have a bad time. No matter what particular coin.

And yet the WHOLE point, nay the very existence of BCash, was to supposedly to appeal to "the average guy on the street." Like the 2B+ unbanked in the world today with no education. Remember?

Can you possibly be any more fkn hypocritical, or have any more ridiculous fallacies going on, wrt BCash?

Are you trying to tell me the situation is any different in regards to Bitcoin Segwit? That its whole point is supposedly to appeal to "the average guy on the street"? Indeed the potential lower fees should indeed be one factor to cause Bitcoin Cash to appeal to the average guy on the street over Bitcoin Segwit _once_he_become_aware_of_its_existence_. I see no hypocrisy here. I do see cognitive dissonance in your retort, however.

[realr0ach]

I'm going to die laughing.  The best description of bitcoin ever created.  Paul Singer is a Jew though, so he should be promptly deported to the Congo for his evil cult's crime's against humanity after typing that where he can enjoy massive amounts of diversity which he recommends unto other races.

“This [cryptocurrency] is not just a bubble. It is not just a fraud. It is perhaps the outer limit, the ultimate expression, of the ability of humans to seize upon ether and hope to ride it to the stars...

But is it not glorious that when the equivalent of nothing attracts priests and parishioners who run up the price, the very willingness of the mob to buy it at higher and higher prices is seen as validation of the thing, rather than an indication of the limitless ignorance of swaths of the human race?”

https://www.zerohedge.com/news/2018-02-20/elliotts-singer-bitcoin-boom-indicates-limitless-ignorance-humans

[jbreher]

Question for some of you living in the U.S. who have cashed out recently....what exchange do you recommend?

GDAX/Coinbase has been good for me. Very quick, no-hassle withdrawals of what some would consider eye-popping numbers. In the form of transfer to linked US bank accounts.

[d_eddie]

Not so quickly, honey badger, not too quick. Take a short nap, will you?

[Ibian]

The average guy from the street has no idea what Bitcoin is, period. Again, I fail to see the point. If you're gonna get involved in crypto without doing your due diligence, you're gonna have a bad time. No matter what particular coin.

And yet the WHOLE point, nay the very existence of BCash, was to supposedly to appeal to "the average guy on the street." Like the 2B+ unbanked in the world today with no education. Remember?

Can you possibly be any more fkn hypocritical, or have any more ridiculous fallacies going on, wrt BCash?

Are you trying to tell me the situation is any different in regards to Bitcoin Segwit? That its whole point is supposedly to appeal to "the average guy on the street"? Indeed the potential lower fees should indeed be one factor to cause Bitcoin Cash to appeal to the average guy on the street over Bitcoin Segwit _once_he_become_aware_of_its_existence_. I see no hypocrisy here. I do see cognitive dissonance in your retort, however.

Your insistence on calling bitcoin something else is just one more mark against you.

[Raja_MBZ]

Yet another deadly day for Alts while bitcoin continues its rise. Man, I never though bitcoin will still be this dominant on alts even in 2018. SegWit is definitely getting bitcoin more confident buyers now.

[Toxic2040]

Extrapolating the bitcoin chart from the past years hasn't worked very well since 2013. You cant assume there is going to be a breakout every 2 months or 9 months or whatever.

WTF...where you been? I am detecting a slide back towards bearism...get a grip!

Question for some of you living in the U.S. who have cashed out recently....what exchange do you recommend?

GDAX/Coinbase has been good for me. Very quick, no-hassle withdrawals of what some would consider eye-popping numbers.

It makes me uncomfortable when you agree with me...just sayin.

Not so quickly, honey badger, not too quick. Take a short nap, will you?

I dont think he/she is listening to anyone this week.

[mike4001]

lol

~ 750 BTC buywall at 11,7k at bitstamp ...

[realr0ach]

The annoying part about Jbreher is he knows Lightning Network is useless for mainstream adoption and would just morph into a centralized hub and spoke model replica of the current banking system, while on-chain scaling is also useless.  Instead of just admitting the whole thing is a designed to centralize, unworkable scam, he just chooses unworkable option B instead of A.

Bitcoin is a currency, not money (settlement system), thus it's value has to be derived from ability to faciliate mass commerce (transaction flow, not stock).  The value of metals can be huge even with low transaction flow because it's the best settlement system around (money) and can derive value solely from stock if it wants to (but can also simultaneously be used as currency as well).  Bitcoin cannot do this.  Hell, if it's transaction flow goes low, the thing is even designed to die.

Bitcoin was designed in a poor manner where it's obviously just a currency (hence why it's called cryptocurrency), but it's low scalability prevents it from performing that task whatsoever.  So people started to make believe it has to have some type of purpose and can't be completely useless, so that purpose has to be a settlement system because it's unable to do anything else.  The problem there is it has built-in middlemen and doesn't remove counterparty risk, while having more black swans that can destroy it than you can count, so it's completely useless and inferior to the billions of years old settlement system (money) that already exists - gold and silver.

It's 100% impossible for bitcoin to compete with metals as a settlement system (aka base of Exter's Pyramid).  Just give up because it has no fundamentals to do so.

[Gab0]

https://twitter.com/coinbase/status/966002538326638592

_________________________________


Edit: and there is more ...



https://medium.com/bitfinex/bitfinex-adopts-segwit-8e6c5d72fcf9

[mike4001]

https://twitter.com/coinbase/status/966002538326638592

Great!

I hope this is mandatory.

Should help to keep the mempool clear.

[Nosk]

Update from this post :

So far so good, nothing really unexpected. We definitely broke the last resistance.
The good news is the trend seems to get stronger and stronger. In fact, there is, as shown on the figure, the beginning of a volume spike. This straighten the uptrend and will help the price to rise again if it bounces off the next resistance. That makes the "worst" short term future scenario bullish. The best case scenario is btc price stagnating a few days in the next resistance, enough to gain momentum and break it.



Profits are in the buying side, of maybe a bit of selling if you expect some bouncy swings.

We are just digging through the resistance like it was butter. We will stay in the bullish channel until the next big PHAT resistance.
It's gonna be pretty nasty, this resistance took some pretty huge swing during and after the bullrun. It won't be the end if we bounce, but if we go through, I predict that we'll enter a full bull market for the next following monthes.




EDIT : 1 day candle reverse head and shoulder pattern emergence :

[realr0ach]

We are just digging through the resistance like it was butter. We will stay in the bullish channel until the next big PHAT resistance.

Wait a minute.  The "MasterLuc" so called bull channel was completely obliterated when it broke through $7500 and plumetted to $6000, and now you just pretend it didn't happen and that Bitcoin is always in a "bull channel" no matter how badly the TA breaks down? LOL.  You got to love bitcoin pump and dump scammers.  Everything is bullish! Even non-bullish things!  The price can only go upwards and never down! It's impossible to lose money while buying valueless imaginary tokens!

[Karartma1]

Bitcoin Core 0.16 will make it easier even for unsavvy users to adopt SegWit for good. The brave and steady development of the LN is helping sustaining these price levels if you ask me.
Price will reflect this in the long run.
It seems so distant the struggle to reach 5digits!