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

[JayJuanGee]

just wow what idiots to see it so small minded .... let them fear and miss the NEXT 1000% or so  

Then again, depends on when you got your BTC, for example, 2013,2014,2015..still not too shabby considering in 2017 BTC was $1,000.00 Jan 2017!

So if the bubble CAN be discounted...as just that a bubble...perhaps stuff will just plod along upward in a more reasonable manner, price wise. (a guy can hope anyway HODL)

or as they say, in a previous post, 'we retraced the whole bubble' downward to where we are now, (Fall 2017)

(we will see I guess, differs a lot by your time perspective and when you got in on all this)

brad

Yes.  Of course, the whole depiction is misleading because it attempts to suggest that it's framework is representative - merely based on the calendar year framework - which coincidentally is the top of a bubble (exponential price rise), so the depiction is far from objective, and you likely recall a similar kind of framing in 2014 because so many shills and propaganda spreaders wanted to start the timeclock from the top of the 2013 peak and to suggest how horrible was BTC, as an investment and whine about how many people got screwed - especially those buying at the top of the price (as if that was representative, also).

[JayJuanGee]

Maybe should ask our residential Bcash promoter, jbreher?   Wasn't jbreher keeping 50/50, or something like that? 

Ask me what?

I own many more units of BCH than I do of BTC.

I still see BCH as having a bright future.

Really I wouldn't expect that from you. Bcash was so obviously being propped up by Bitmain, Roger and Craig that I expected nothing to come from it once Bitmain stopped their losses.

I don't much give a damnn what Bitmain, Roger, and Craig do.* For my part, BCH has the properties that made bitcoin great to begin with. Scaling in a logical fashion, and free of the Segwit virus. From my perspective, it is simply technically better than BTC. Hopefully, the world will awaken to this.

* Well, I hope they keep mining it. Though, the DAA allows for drops in hashpower to be relative non events.**

** Unlike BTC, which lacks this safeguard.

I for one much prefer the virus of segwit rather than the cancer or Jihan and Roger. I wouldn't make debatable transaction methods a hill to die on especially with leaders like that.

The fact that you can point out leaders is problematic, but also goes to show that the bcash support group remains small.

Furthermore, we continue to see evidence that there is a lot of their marketing that depends upon marketing themselves as if they were the real bitcoin, but largely the population seems to have caught on to the snake oil nature of their product - yet there are still going to be a   lot of suckers and a lot of folks who get deceived into their ploy, sad as that may be.

[rafanadal]

dump and pump

[smartcomet]

https://www.longhash.com/news/bitcoin-uses-a-lot-of-energy-but-gold-mining-uses-more

[yefi]

LOL Maybe we should all talk about Bitcoin Gold. 

Everybody knows in their heart of hearts that Bitcoin Pizza is the true coin. Crusty coinbases oozing with melted cheddar... mmm.

[PoolMinor]

Heres the volume in BTC.  I think its hard to say that we aren't still in an overall trend of declining volume since Dec 2017.  

The cryptowinter recovery was on very low volume, but after the biggest spike in volume in Bitcoin history.

This chart is meaningless less than accurate. Edited for less harshness

You cannot chart one exchange for volume, the time frame for this chart, this was one of 3 main exchanges during the 2013-2014. Now there are many many more exchanges for bitcoin, if you could find one that charts total volume across all exchanges that would be worth analyzing.

[eddie13]

if you could find one that charts total volume across all exchanges that would be worth analyzing.

That's why I chose the CMC chart, but I didn't find a button to turn the vol into btc.. https://coinmarketcap.com/currencies/bitcoin/#charts
I like to use the bitcoinwisdom chart but the vol wouldn't be accurate for the entire market..

It's crazy how a tiny exchange will grow to be the biggest exchange and then all the volume will just go to another exchange and they never stay the same.. The volume just flows around..

[HairyMaclairy]

Not meaningless but fair criticism.   The best I can do is volume in USD terms, which is declining from peak. But hard to eyeball BTC volume from this chart.

Edit:  chart update better date range

[eddie13]

Not meaningless but fair criticism.  

Agree..



Just googled and found this one








It's pretty cool and has a pie chart of the exchanges volumes like you usually see for mining pools hash rate.. Nice!


So yeah, by BTC volume it does look a bit slow..
But that in USD these days is a big deal apparently..

[HairyMaclairy]

Got a link please ?

[eddie13]

Got a link please ?

aw shit I meant to post it..

https://data.bitcoinity.org/markets/volume/6m?c=e&t=b

Naw, that can't be right either..

It shows the volume falling off in jan of 17..
I can't imagine that to be the case buy why..

The pie chart colors correspond to different exchanges than the chart colors with a different legend, lol wtf..

looks like around that time the Chinese exchanges got their volume cut from the count? idk

[HairyMaclairy]

I can’t filter the fake exchanges but here we go

[jbreher]

I can’t be bothered arguing with Jbear about bcash lol.  It’s much too nice a day for that.  

Well, something to agree upon.

https://imgur.com/gallery/LK3cT7z

 That is a beautiful view.  Is it all yours or were you just visiting?

Thanks. Mine. Here for a handful of days and nights. Doing some late season maintenance, coinciding with deer muzzleloading season. Mending fences with a rifle in my hand - on the chance one blunders my way.

[HairyMaclairy]

Whoah

Is volume actually increasing?   This is Bitfinex only, weekly data, line chart, 6 months.  



Hmmm this is monthly data



Is that a bottom for 2018?

[eddie13]

https://www.blockchain.com/charts/trade-volume?timespan=all
USD volume seems to be increasing since june..


CMC since june





Up a little..

Price has pretty much been the same since then excluding a high it hit..


the end of june seems to also have been the lowest low price...

Was june the bottom?
Is june the reversal?
moon soon?

[Gab0]

I do not see that the volume is decreasing. Actually, let's go sideways.



https://www.coinsignals.trade/
Credits: @coin_signals
Very useful page. You can draw CMC graphics.


https://cryptoiq.co/coinsignals-trade-the-answer-to-every-crypto-technical-analysts-hopes-and-dreams/

[HairyMaclairy]

I was expecting a bottom of $5700.  Instead we got $6100 and a bounce.  And volume should be dropping but seems to be slightly rising on average.   We should rally in October - December but maybe we are early.  Bullish.

[bones261]

I was expecting a bottom of $5700.  Instead we got $6100 and a bounce.  And volume should be dropping but seems to be slightly rising on average.   We should rally in October - December but maybe we are early.  Bullish.

Do you think the impending news on the 30th of September will dampen any October rally, if it turns out rejected or delayed? Or do you think that this is already priced in?

[Anon136]

I was expecting a bottom of $5700.  Instead we got $6100 and a bounce.  And volume should be dropping but seems to be slightly rising on average.   We should rally in October - December but maybe we are early.  Bullish.

Do you think the impending news on the 30th of September will dampen any October rally, if it turns out rejected or delayed? Or do you think that this is already priced in?

I know you aren't asking me but I suspect at this point a no vote is absolutely priced in. So if there is a no expect little to no action but if there is a yes...

[infofront]

ETF delay incoming, 99% certain.