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

[infofront]

If BTC will see adoption like XRP or BCH then there will be a chance for another bull run.

Lately, I don't see the adoption of BTC growing only something opposite merchants stop accepting it. High fees (50$) for a single transaction when BTC was at ATH shows that this is not possible for Bitcoin to be a widespread payment solution because of the scaling issue. Ongoing for years debate on the scaling issue brings nothing besides new coin BCH which is now one of the biggest BTC concurrent on the market. I still don't believe that we need an LN on top of BTC and even if then we should let the blocksize grow until LN will be fully implemented/usable.

If Bitcoin resolves all burning problems then and only then will be a chance for another epic bull run. If not we will slowly see like Ripple, Ethereum and Bitcoin Cash are taking BTC place on the top of the coinmarketcap list.

Wow - just imagine what would happen if BTC reached the adoption levels of BCH!

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[Searing]

I guess I finally capitulated. I selected 6500-7000 in the poll. I've always chosen bullish before this and been wrong so so so many times. Does that mean the price is finally going to rise?

If it makes you feel any better, I selected "$7,000-$7,500".

This has been an awful Bitcorn season.

Not sure what the harvest is gonna be like in December.

>$8,500

Guess I'm hopeless.

I guess we are still waiting on you to capitulate then, it will rise only after the very last hold out falls.

Hodlers don't capitulate. I think it's possible that if there are enough hodlers, we may not see a textbook capitulation event. Or we've already witnessed it.

We shall have to add "Do Not Capitulate" to our wills.

Well, I do my figuring for taxes from month to month (some 'small' and I mean 'small' mining yet in the bsmt) ...so stalling till

Sept 1st (next months figuring) before I have to sell some altcoins for my fabulous (er boring) retirement lifestyle.

I wonder if not a lot of folk are just not waiting till this 'ugly' month of August 2018 is done and hoping like me for a pump

by Sept 1st to pay bills (it is a dumb theory but it is my theory so that is what I'm doing). I can start a 'new mess' of figures

for capital gains and the rest in September and leave August behind! So using September 1st as my arbitrary must sell

to pay bills date, regardless of price, thus can just blame the BTC fairies/fates for my glory or demise on that choice.

hey, it's an angle

brad

I seriously had to check the calendar to see what month it is right now.

Perhaps it's because I'm on Thailand time which starts a bit sooner than most of the rest of the world but I am showing that September 1st has passed already.

yeah, duh....the crap I'm looking at for taxes is from sept 1 to 30th ..I mis-spoke? mistyped? whatever?

but anyway Sept sucked...August was not a lot of fun either

thus again, kicking my selling down the road good or bad idea till after the first..then I will have to pay no matter what

(count on a crash..it's how I roll on such decisions)

sigh

[goldkingcoiner]

A piece of a photo from this morning.  Can you identify the subject? More to come.
Derp... probably far too easy. But bitcoin isn't moving.

An old photo from my student days lol

[jbreher]

Yeah. What cracks me up is how all y'all jumped down the throats of BCH developers for having a core dev discover a bug in a single (of several) Bitcoin Cash implementation, which was also never exploited.

Shoe's on the other door now. #justsayin

What are you talking about?  Apparently this is a several years long issue that has ramifications on any forks of bitcoin too.  So, it remains a bit unclear about your supposed "gotcha."  

So, I don't know where you get off in some high and mighty righteous in any kind of found bug conversation.

It's not meant to be a gotcha, it is meant to be an observation upon double standards.

Yeah, but even if you are making a double standards assertion against bitcoiners, you are making that on kinds of strawman created implications as the ones that I already pointed out in my earlier post , and even HairyBeary posted an additional point with his question about whether a bcash developer had spotted the bug and informed the core developers of such.  Of course, you could not answer because so far the spotter of the bug has been anonymous.   

I guess you didn't get the memo. The person who discovered and responsibly disclosed this devastating bug was a bcasher.

neener neener neener.

[HairyMaclairy]

I guess you didn't get the memo. The person who discovered and responsibly disclosed this devastating bug was a bcasher.

Do you have a reputable source for that statement? (eg excluding Peter R)

If you are referencing the BU dev who supposedly found it, his cryptographic proof fell apart.  It is time stamped more than 8 hours after the bug was disclosed. 

[infofront]

https://www.coindesk.com/novogratz-says-crypto-market-showing-classic-bottom/

Michael Novogratz, the founder of the cryptocurrency asset management firm Galaxy Digital, believes the market has hit a bottom.

The market is experiencing "seller fatigue," Novogratz contended while speaking at Yahoo Finance's second annual All Markets Summit on Thursday, and added further that bitcoin, the biggest cryptocurrency by market capitalization, is now on the upswing.

Indeed, bitcoin is showing signs of life, having persistently found takers around $6,000 in the last three months. Hence, the signs indicate that the bears have likely run dry.

Novogratz also took note of the "classic bottom" in Galaxy Digital's cryptocurrency index, which is down more than 80 percent from its peak.

The valuations are cheap by December standards, and that could entice bargain hunters and investors like Novogratz who view bitcoin as a store of value.

"Bitcoin has held $6,000. Yes, it is off its highs, but it has established itself as a store of value," Novogratz said, according to a report from Reuters. The billionaire investor also told attendees that, in his view, plenty of money is waiting on the sidelines.

[jbreher]

I guess you didn't get the memo. The person who discovered and responsibly disclosed this devastating bug was a bcasher.

Do you have a reputable source for that statement? (eg excluding Peter R)

If you are referencing the BU dev who supposedly found it, his cryptographic proof fell apart.  It is time stamped more than 8 hours after the bug was disclosed.  

Fake news. 'Debunker' has been debunked.

Taint just a river in Egypt.

[HairyMaclairy]

Extraordinary claims require extraordinary evidence 

[Heater]

Extraordinary claims require extraordinary evidence 

I saw it on the Bitcoin-dev-request mailing list. He even asked for a donation to bitcoincash:qr5yuq3q40u7mxwqz6xvamkfj8tg45wyus7fhqzug5

The only saving grace was he didn't use the word 'inflation' to describe the bug - nevertheless it's a great pickup on good on him.

[shahzadafzal]

Hello friends... took a break from crypto/bitcoin/bitcointalk  for couple of months.... but looks like dust still not settled yet... crypto road still blur and messy... i will go back to sleep again... so wake me up when it's all over...

[HairyMaclairy]

Hello friends... took a break from crypto/bitcoin/bitcointalk  for couple of months.... but looks like dust still not settled yet... crypto road still blur and messy... i will go back to sleep again... so wake me up when it's all over...

You never call me when you're sober.

[El duderino_]

via Imgflip Meme Generator

WOW dinner is finisht and all are Going to a disco in antwerp but very strange i’m to Fucking tired and shit.... This weekend and as Epic as oThese but Yeah sometimes shit happens
No more No less i had my fair share of good alchohol This evening with This one as a starter maybe a bit of a shitpost game but can anyone guess This first evening drink  
For the rest cheers boys and enjoy the sideways movements    

 Tom Collins and you already ate the cherry!

No man Just wodka martini in a long drink , good to get drunk quickly and feeling it still in the morning, This Will be a very lazy sunday 

[Elwar]

via Imgflip Meme Generator

WOW dinner is finisht and all are Going to a disco in antwerp but very strange i’m to Fucking tired and shit.... This weekend and as Epic as oThese but Yeah sometimes shit happens
No more No less i had my fair share of good alchohol This evening with This one as a starter maybe a bit of a shitpost game but can anyone guess This first evening drink  
For the rest cheers boys and enjoy the sideways movements    

 Tom Collins and you already ate the cherry!

No man Just wodka martini in a long drink , good to get drunk quickly and feeling it still in the morning, This Will be a very lazy sunday 

You can just admit that you're drinking a glass of straight vodka. No need to call it a martini to sounds like you're 007.

[JayJuanGee]

I suspect there will be more before this run is over. But it would be hard to surpass the last $7,4xx top.

We had $8,500, recently, too, and that was on July 23..


Member that?

So long ago in bitcoin's history? 

You don't think that there is nuff umph to get us close to $8,500 again, in this run?  And still be able to allow the bears to take another shot at $6k?    Perhaps, perhaps?  $8,500 is only 40% above $6k, right?

[BTCHadzija]

Green dildos

[JayJuanGee]

Rationale:  we are going to stick our head above the trend line again to hunt short stops, and then drop back down again. 

That's the way I see it too, and that's what seems to be happening now. We could peak a little higher still, though.

Some of you supposed inner bulls are a bunch of sour pusses, and makes me NOT want to hang around with you nor to introduce you to my friends because you are making the parade less fun... ...        Didn't Tera beara have that tendency?

[El duderino_]

via Imgflip Meme Generator

WOW dinner is finisht and all are Going to a disco in antwerp but very strange i’m to Fucking tired and shit.... This weekend and as Epic as oThese but Yeah sometimes shit happens
No more No less i had my fair share of good alchohol This evening with This one as a starter maybe a bit of a shitpost game but can anyone guess This first evening drink 
For the rest cheers boys and enjoy the sideways movements   

 Tom Collins and you already ate the cherry!

No man Just wodka martini in a long drink , good to get drunk quickly and feeling it still in the morning, This Will be a very lazy sunday 

You can just admit that you're drinking a glass of straight vodka. No need to call it a martini to sounds like you're 007.

It did started with trying cause of 007 .... but like iT more in a long drink  also When i go to a good cocktail bar of a better resto i did ordered the vesper as well Haha ( and When its Good When properly Made....)
I do drink white russians very often as well .... So i can say i get a little movie inspired When iT comes to drinks..... ( on the other hand i drink everything that i get served) 

LoL a glass of straight wodka that would only happen after dinner and When totaly fucked up .... not as an entrance

[JayJuanGee]

I suspect there will be more before this run is over. But it would be hard to surpass the last $7,4xx top.

Top at 6.8 or 7.4 has less meaning... The key is what happens on the next dip. Where is the low, and how well is it rejected ?

If the low comes in around 6k that suggests we are stuck in the same range. Above 6300 is good.  A bounce from there to 7k+ even better.

If below 5.8k, then a new bear leg is likely. Hunker down for another year of winter.

You could be correct about the significance of the next test of the LOW, but it seems to me, also that the longer that bitcoin stays meaningfully above previous test points, and even floats significantly above previous test points, then it becomes more difficult (and takes more coins to attempt to push it back down and also to get it to go lower)..  I think that there is a bit of a flaw to assume that the support is being widdled away with the multiple tests of $6k, and furthermore the further the price bounces up, such as perhaps getting back up into the $8k territory can also cause more folks to get into bitcoin and make it more and more difficult to get the prices to go down or to have any significant push below $6k even if it could perhaps have some temporary peaks to as low as $5,500, for example.

[JayJuanGee]

^
nicely said ........ next target full year in 5-digits ??

Yep. It will take time though... More than a year for sure

Wow.... a year is a long time to suggest that it could take more than a year to get into 5 digits...  nothing is "for sure" in bitcoinlandia.   Though i would imagine that the first rise above $10k is not likely to shoot above and not go below $10k.. so you could be somewhat right to both go to $10k and to stay above $10k is a bit of a more difficult challenge than merely going above $10k for a shorter period of time.

[HairyMaclairy]

Re test of $6800 coming