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

[bitserve]

wot r those buffoons at lighnting labs playing at? pff $2.1 million pathetic

any serious devs would have ICO'd and pulled in $beellions

Insert "Real companies don't do ICO" meme here.

[RayX12]

in Russia...treasure finds you

Specially if you have BTC!


Do you want some?

[explorer]

The manipulation is comming to a temporary stop.



The Bix Weir findings are very very instresting.

"The trustee money coming back?"

Must listen..

https://www.youtube.com/watch?v=zbSq5YV4W_E&feature=em-uploademail

GO BITCOIN GO

Bix Weir is a fucking moron.

[explorer]

bollocks the positivity chart is broken.must get it repaired asap

will she hodl $6500 or test $5000? :-D weee

I expect a break of 5k eventually.  before or after 80k I dunno...

[RayX12]

Whale Slayers unite!



GO BITCOIN GO

[bitmover]

THe more important thing to look now is Dominance. 42.7%, we are good!

[Karartma1]

Lightning mainnet release lnd-0.4 beta 

https://blog.lightning.engineering/announcement/2018/03/15/lnd-beta.html

...
As painful as this correction has been, it really is helping to purge all the blind speculation, ICOs, useless forks and other scams.

I do hope the above is true, I would not be so certain. New blind speculation will come accordingly.

bollocks the positivity chart is broken.must get it repaired asap

It's all your fault! You are supposed to be watching the Optimism Chart TM not a silly positivity, wishful thinking chart.
 


As for the rest, I'm purging my altcoin stash back to BTC.
Like Professor V8 would say: FUCK altcoins

[600watt]

THe more important thing to look now is Dominance. 42.7%, we are good!

42.8

 

[Last of the V8s]

massive short liquidations on bitMEX

[bitserve]

bollocks the positivity chart is broken.must get it repaired asap

will she hodl $6500 or test $5000? :-D weee

I expect a break of 5k eventually.  before or after 80k I dunno...

Before maybe.... after 80K I doubt it.

[JayJuanGee]

bollocks the positivity chart is broken.must get it repaired asap

will she hodl $6500 or test $5000? :-D weee

I expect a break of 5k eventually.  before or after 80k I dunno...

Breaking below $5k now seems much more likely than it would be if we were to go to $80k first.

Seems that this particular BTC price correction is going to affect any next leg up... so if we do not break below $5k this time around, then breaking $5k after reaching $80k would seem to have been marketed out...   But if we have a bit more of a lame upwards trend, then breaking below $5k could still be within reasonable possibilities.

 So yeah, if we go (more or less) straight up to $80k from here, then that going straight up might cause around $80k to be the next ATH top.. but if we spend more time in these price territories, then it becomes likely that the top could go higher than $80k...

Also, if, hypothetically, we were to go straight to $80k from here, then likely somewhere between $10k and $15k would become the more reasonable bottom of any extreme price correction, so my point is that the passage of each leg does change what extremes are reasonably feasible within this particular asset class that we have.

TLDR:  I suppose that I am neither conceding below $5k to be inevitable and I am also quibbling with how reasonable such a below $5k would be if we were to an experience a decent reversal from here, especially a reversal that brings us into anything approaching $80k.

Edit:  Dammit... bitserve beat me... with fewer words, too.. Go figure!! 

[bitserve]

Edit:  Dammit... bitserve beat me... with fewer words, too.. Go figure!! 

LOL

[Paashaas]

Lightning mainnet release lnd-0.4 beta 
https://blog.lightning.engineering/announcement/2018/03/15/lnd-beta.html

Thanks for this. I really need to switch over to LND instead of c-lightning... Not today tho... Today - beer.

Good job LN pioneer, +1 merit.

[600watt]

the Sumerians invented writing. and the same folks in the same area and the same time also invented money. both inventions together made it possible for the first time in history that lots of people -that did not know each other personally- were able to cooperate to form large kingdoms, armies, large scale tax collection, religions, etc. before the Sumerians had invented money and letters/writing people only cooperated with the 100-150 people they personally knew.

that writing was essential for the development of culture is agreed upon, but money was/is of the same importance. the invention of a truly digital, decentralized global, peer2peer money that is bitcoin represents a cultural tectonic shift as heavy as the invention of printing books.

now this comes with a lot of responsibility for those who were early in recognizing this game changer. while bitcoin is a grand cultural enhancer that aims to change the world, all altcoins/ICO´s are purely made because the people behind it wanted to make a quick buck. if their creators were responsible characters they would try to get their idea into bitcoin (or btc sidechain) and not try to scam money out of newbs.

speaking of responsibility: it is a fact that bitcointalk is by far the most important bitcoin forum. and the WO-thread is the most important thread. ladies and gentlemen, you are helping to create some new crypto-gospel with every post you put in here. as long as you keep bashing shitcoins as merciless as possible and howl to the moon^TM you are right on track.

[bitserve]

the Sumerians invented writing. and the same folks in the same area and the same time also invented money. both inventions together made it possible for the first time in history that lots of people -that did not know each other personally- were able to cooperate to form large kingdoms, armies, large scale tax collection, religions, etc. before the Sumerians had invented money and letters/writing people only cooperated with the 100-150 people they personally knew.

that writing was essential for the development of culture is agreed upon, but money was/is of the same importance. the invention of a truly digital, decentralized global, peer2peer money that is bitcoin represents a cultural tectonic shift as heavy as the invention of printing books.

now this comes with a lot of responsibility for those who were early in recognizing this game changer. while bitcoin is a grand cultural enhancer that aims to change the world, all altcoins/ICO´s are purely made because the people behind it wanted to make a quick buck. if their creators were responsible characters they would try to get their idea into bitcoin (or btc sidechain) and not try to scam money out of newbs.

speaking of responsibility: it is a fact that bitcointalk is by far the most important bitcoin forum. and the WO-thread is the most important thread. ladies and gentlemen, you are helping to create some new crypto-gospel with every post you put in here. as long as you keep bashing shitcoins as merciless as possible and howl to the moon^TM you are right on track.

It's both about storage. The utility of writing is so that you can "store" and share knowledge. The utility about money is so that you can "store" work. Excess (as in more than exactly needed to survive by bartering) work storage.

Without writing there would almost be no knowledge increase and without money there would be no total "value" increase as it would be pointless to do any more extra work than you could somehow "store".

Of course there are exceptions, as some amount of knowledge can be shared without writing and also there is some ways to store value ie: you can produce some food that is less perishable than others and use it as a temporal storage of value.

But to fully take advantage of both knowledge and value you need a proper way to store it and share it. That is where writing and money come into place to fill the void.

And the same as writing evolved to other more advances ways of storage (audio, video, etc) money is evolving to better alternatives (BITCOIN).

[slowlyslowly]

the Sumerians invented writing. and the same folks in the same area and the same time also invented money. both inventions together made it possible for the first time in history that lots of people -that did not know each other personally- were able to cooperate to form large kingdoms, armies, large scale tax collection, religions, etc. before the Sumerians had invented money and letters/writing people only cooperated with the 100-150 people they personally knew.

that writing was essential for the development of culture is agreed upon, but money was/is of the same importance. the invention of a truly digital, decentralized global, peer2peer money that is bitcoin represents a cultural tectonic shift as heavy as the invention of printing books.

now this comes with a lot of responsibility for those who were early in recognizing this game changer. while bitcoin is a grand cultural enhancer that aims to change the world, all altcoins/ICO´s are purely made because the people behind it wanted to make a quick buck. if their creators were responsible characters they would try to get their idea into bitcoin (or btc sidechain) and not try to scam money out of newbs.

speaking of responsibility: it is a fact that bitcointalk is by far the most important bitcoin forum. and the WO-thread is the most important thread. ladies and gentlemen, you are helping to create some new crypto-gospel with every post you put in here. as long as you keep bashing shitcoins as merciless as possible and howl to the moon^TM you are right on track.

yes i follow quite a few things on various topics in various places and WO is I think unique in being such a long standing forum and with having such well thought through comments by people. And while people slag off one another at times (and its entertaining) essentially by reading it regularly you are pretty well informed about threats etc to bitcoin. It seems to have struck the right mix of expert/technical posters and those with various angles to push. It would be nice if the time we spend bashing bitcoins was treated as an expense for tax purposes as we could all then be rich even in bitcoins bear periods. But hey bitcoin will do that for us and fiat will soon be a lonely orphan we donate to occasionally out of pity

[Last of the V8s]

don't say bitcoin bear periods please

[Globb0]

I don't even have any idea what the normal forum sections are these days.

I'm 2 or 3 years + just in a few meaningful threads.

[JayJuanGee]

don't say bitcoin bear periods please

I know that frequently shills and trolls and even other kinds of wishful thinkers and propagandists call trends too early.

But trends exist, and usually they cannot be known while they are transitioning, but after the fact, we can call something a trend (or a period).   I would call 2014 and 2015 a bear trend or bear period.... but really we may not have known for sure that we were in such a period for more than 9 months or that we were out of it for a similar amount of passage of time.

Right now, we are still in a correction, and if we merely stay below $10k for 2-3 months, then I would be hard-pressed to call that a bear trend or a bear period, but instead a consolidation period in the middle of a bull market.  There are a variety of other scenarios that could cause BTC prices going lower than $6k and then staying there for a considerable amount of time, that would likely be called bear periods if they last more than a few months.

It still seems that we are quite a distance from reaching a "bear period" for our current situation, and 3 to 6 months from now, we might come to another assessment... even though it seems that there has ben some capitulation but there does remain a decent amount of optimism, in this thread, that we will be returning upwards in the next few months, which would therefore, if it happens, not arise to the level of a "bear period" in my thinking.

[JimboToronto]

Insert "Real companies don't do ICO" meme here.

Insert "Decentralized open-source P2P networks don't do ICO" meme here.