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

[HairyMaclairy]

Some sideways consolidation around $9400 for a few days would be healthy.

[KyleSpades]

It's going up too fast! I don't wanna sound like a deal breaker, but don't you guys think that it's slightly possible that the market sets up a small bear trap before stabilizing at 12k?

[BTCMILLIONAIRE]

EDIT: Holy crap. I just recognized I've attained Legendary status. I spend waaaay too much time here... 

bob...you been legendary since I came back, like, a year ago

And I thought my memory was fucked for a moment.

[Last of the V8s]

Some sideways consolidation around $9400 for a few days would be healthy.

You're like the only sensible Ozzy in that whole vast land huh?

[kurious]

snip
 

IMO he is right, at least for me XMR is the No2 after Bitcoin. And i think thats the case for many bitcoiners. Dash doesnt stand a chance sry.

  Thats funny.

But you can keep your opaque blockchain, makes it fungible right? In which you have to trust without being able to verify that no-one is minting coins sneakily via an exploit or bug. Or you can have privacy hoping that the single point of failure encryption wont be cracked revealing all your transactions. Like here http://hackingdistributed.com/2017/04/19/monero-linkability/ Not to mention slow transactions, bloated blockchain.. Think bitcoin has scaling problems? But Monero does now have a wallet, which is progress.

1. You can of course verify the total number of coins 2. If the encryption is cracked crypto ist fucked anyway 3. This is old news and was adressed with RingCT 4. Bulletproofs will reduce TX size by 80-90% 5. Ledger support with next release ~ 2 weeks

Monero ist solid development, no hype. It grows slowly but surely.

@Fatman Dont know, but you sound a bit salty.  Ah and trezor integration is in the works.

CMC ist not a good metric, e.g. Rank 5-100 are better coins then the scams in 3&4. ( OK Tron is also a Scam )

You're right of course, but you won't convince him, he's a Dash fanboi.  Bless him.

[RoomBot]

Woo-hooo!  $9550+ $9600+

This is fun:

"Cryptocurrencies: Last Week Tonight with John Oliver"

I didn't know that Brock Pierce is just a washed-up child actor!  

https://www.youtube.com/watch?v=g6iDZspbRMg

[bitcoinPsycho]

[Last of the V8s]

[kurious]

Lovin' the rockets - keep it up chaps!

EDIT: Three Brits in a row posting too?  Sweet.

[jojo69]

Some sideways consolidation around $9400 for a few days would be healthy.

bah!

looks like we are having a good old fashioned meltup

[marcus_of_augustus]

BFR Class in boost phase

[kurious]

Yup - it sin't taking much of a breather, is it.

10K doesn't look so far away all of a sudden. At this rate it might even be worth staying up past my bedtime.

[RewFrew]

9700$ Now and peoples are always shorting or wating for good price to enter and this from the 6.6K To 8.2K pump.

When there is a big pump from a very oversold weekly rsi ( last time bitcoin got that low rsi it was on 2015 With 220$ for a bitcoin) there is no big retracement, just very low dumps followed by big pumps for weeks and months.

See you @ 500K for 1 Bitcoin in 2 years from now!

[bitserve]

I expected a lot more resistance in this range this time. Not that I am gonna complain though. Still a long way to $20K.

[jojo69]

there's 97

time to make up some popcorn

[bitserve]

Next weeks is when we start receiving calls from friends asking where to buy Bitcoin... again. Yup, the same ones that during the past months were so happy they didn't BTFD. But those are the "early-callers"... Real FOMOers will wait until it tops again.

[Rosewater Foundation]

Honestly, I think we're in for one helluva winter.

moron

[HairyMaclairy]

I am not emotionally ready for $10,000

[kurious]

Next weeks is when we start receiving calls from friends asking where to buy Bitcoin... again. Yup, the same ones that during the past months were so happy they didn't BTFD. But those are the "early-callers"... Real FOMOers will wait until it tops again.

Yep, I am sure you're right - but sometimes a little frisson of interest presages a lot more FOMO.  Post 10K (if / when it comes) media could kick in a little.  I can see 'Is Bitcoin back?' press showing in pretty quickly....  Stocks are looking shit, why not?

Hairy is probably right about consolidation being a good thing... but

[kurious]

I am not emotionally ready for $10,000

Keep it up, it's been working...  Please say you're not emotionally ready for... ooh, say $15,000?