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

[vroom]

the localbitcoin spike for the USD market was a flaw

this is how it looks today:

[1679383834]

1679383834

[1679383834]

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[1679383834]

1679383834

[Cryptotourist]

The spike for Indonesia is still there.

[serveria.com]

The next 24 hours are critical as always. If we keep the momentum, a breakout above 4K  is possible. This will comfirm that we are in a bull market. Longs are pretty high and shorts are low. The support down to $3K is double than the previous 2 weeks - in BFX went from 6K to 11.2K BTC. We didn't have a rise this week, so a breakout is more probable than a long squeeze.  We shall see.

OK, I don't want to brag with my trading skills, but this was a precise hit! Btw, I always like to watch BFX price - it is more bullish than Bearstamp. And we just broke 4K on BFX!!!

They're always $100+ aren't they fake news and a risky exchange to use?

Of course they are risky. I trust only kraken and CB for fiat withrawals. But the fact is that BFX starts almost all pumps and it is more fun to watch than the dull Bearstamp.

We don't watch Bitstamp because of the "fun" or the "no fun," but instead for a desire to attempt to stay in the real world rather than in fantasylandia.

I mean if the rate is real and you can actualy sell BTC at that price why it's a fantasy?

Because you can't sell it for REAL USD that you can properly withdraw to your bank account.

Never used BF myself but I presume you're wrong: https://support.bitfinex.com/hc/en-us/articles/213919309-Fiat-Withdrawal-Processing

[somac.]

For anyone interested in a bitcoin and lightning node I can recommend this one. Doesn't take long to setup and fairly cheap. I already had a hdd and SD card so that saved me some money, and you don't really need the LCD screen either.

https://github.com/rootzoll/raspiblitz


Also, looks like a mini H&S on the chart, target to 3700 - 3750 if it pans out.

[StartupAnalyst]

Analyst Mati Greenspan from eToro points to a positive correlation between popular cryptocurrencies and BTC. In some cases, the coefficient reaches 0.8, which is a lot. From this it follows that the bearish trend is still not in a hurry to end.

[HairyMaclairy]

Going to break 4k, are we?

Didn't we already do that a month or so ago?
I fail to see the wow factor in that, just normal volatility.

It's because we're showing more evidence of it reversing.

Nah, it's too early for that, we have several more months sideways to look forward to.
I'll be glad if I'm wrong, but I'm probably not.

I would say you are both right and wrong

We have bottomed and yes we have several more months of sideways.

pish tosh

I would say you are both right and wrong.

You are right about the sideways.

But there's plenty of room yet for a stab down to the dark side.

I'd even prefer it that way.

I'll bet you a litecoin?

I will take it if Hairy won't.

I will wager 1 LTC we have already seen the bottom of this bear market.  That is, it will not go lower than 3122.

Suggest period of wager is until Dec 31 2019, or we go over 7500 on Stamp in USD (or under 3122) - whichever is sooner?

Edited for clarity.

I will take the bet of 1 LTC that the bottom was $3122 on above terms or whatever else makes sense!

[StartupAnalyst]

A little bit of fun: Google added the Bitcoin symbol to the Gboard keyboard for iOS.

[El duderino_]

A little bit of fun: Google added the Bitcoin symbol to the Gboard keyboard for iOS.

Dammit

via Imgflip Meme Generator

Getting to slow

[HairyMaclairy]

Analyst Mati Greenspan from eToro points to a positive correlation between popular cryptocurrencies and BTC. In some cases, the coefficient reaches 0.8, which is a lot. From this it follows that the bearish trend is still not in a hurry to end.

Total bollocks.  Bitcoin will decide when the bear trend ends and all the shitcoins will then go along for the ride.  

[alevlaslo]

wonderful words sounded in the article: "artificial scarcity". Our whole life is, money is not needed at all, they came up for operations with artificial deficits. What will win in the world of the devil: an artificial deficit with a small BTC block or a good deed BCH with a big one? https://www.ccn.com/5-reasons-why-i-plan-to-adopt-bitcoin-cash

why do we need LN if bitcoin was invented to fight LN?
 LN is another great deception of the people with the imposition of an artificial deficit

[600watt]

can anyone dig out a prediction that beats this one in accuracy and efficiency? found this gem in a 2013 price poll.

17.7.2017, 17:17:17 Uhr: 17.423,13 € bzw 26.861,24 USD (1 Euro = 1,5417 USD)

the guy made only one post ever, predicted a 2017 price of €17.423 while in reality price went to €16.457 in 2017.

missed it by 5%  

[HairyMaclairy]

[El duderino_]

can anyone dig out a prediction that beats this one in accuracy and efficiency? found this gem in a 2013 price poll.

17.7.2017, 17:17:17 Uhr: 17.423,13 € bzw 26.861,24 USD (1 Euro = 1,5417 USD)

the guy made only one post ever, predicted a 2017 price of €17.423 while in reality price went to €16.457 in 2017.

missed it by 5% 

It was me...... and created another account @2017 cause i was ashamed for missing the price by 966€

[somac.]

Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.

I beg your pardon ?

Lightning IS Bitcoin.

Right and Elephant IS a Car

Bitcoin network is bitcoin network
Lighting network is lightning network

claiming otherwise is a dishonest shill.

A Bitcoiner supports Bitcoin network with mining or mining shares.
A shitcoiner supports a shitcoin node whatever his preferred flavor my be, XRP node, LN node, JPM node or what not crap node (cheap crap computer)

LN (in)directly supports JPMCoin, XRP..... with atomic swap any crap is instantly interchangeable

Crappy worthless nodes Version 1, XRP erks me like...,  no difference with version 3, LN or version 4, JPM

Are you crazy? Is that your problem?

[bitserve]

The next 24 hours are critical as always. If we keep the momentum, a breakout above 4K  is possible. This will comfirm that we are in a bull market. Longs are pretty high and shorts are low. The support down to $3K is double than the previous 2 weeks - in BFX went from 6K to 11.2K BTC. We didn't have a rise this week, so a breakout is more probable than a long squeeze.  We shall see.

OK, I don't want to brag with my trading skills, but this was a precise hit! Btw, I always like to watch BFX price - it is more bullish than Bearstamp. And we just broke 4K on BFX!!!

They're always $100+ aren't they fake news and a risky exchange to use?

Of course they are risky. I trust only kraken and CB for fiat withrawals. But the fact is that BFX starts almost all pumps and it is more fun to watch than the dull Bearstamp.

We don't watch Bitstamp because of the "fun" or the "no fun," but instead for a desire to attempt to stay in the real world rather than in fantasylandia.

I mean if the rate is real and you can actualy sell BTC at that price why it's a fantasy?

Because you can't sell it for REAL USD that you can properly withdraw to your bank account.

Never used BF myself but I presume you're wrong: https://support.bitfinex.com/hc/en-us/articles/213919309-Fiat-Withdrawal-Processing

Maybe someone can shed some light if BFX now *really* have working withdrawals? If that were the case then I wouldn't understand why it still has the higher premium.

[wachtwoord]

Don't like LN? You are free to opt-out without this stopping you from using Bitcoin directly. You are also free to develop another second layer on top of Bitcoin and only you and your counterparty (ies) need to adopt it for it to work.

[P_Shep]

Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.

I beg your pardon ?

Lightning IS Bitcoin.

Right and Elephant IS a Car

Bitcoin network is bitcoin network
Lighting network is lightning network

claiming otherwise is a dishonest shill.

A Bitcoiner supports Bitcoin network with mining or mining shares.
A shitcoiner supports a shitcoin node whatever his preferred flavor my be, XRP node, LN node, JPM node or what not crap node (cheap crap computer)

LN (in)directly supports JPMCoin, XRP..... with atomic swap any crap is instantly interchangeable

Crappy worthless nodes Version 1, XRP erks me like...,  no difference with version 3, LN or version 4, JPM

Are you crazy? Is that your problem?

Didn't you know?
When you use TCP, you're no longer using over IP, and is in fact something completely different.
Also, IP is amazing and TCP is a shit protocol.

[somac.]

Don't like LN? You are free to opt-out without this stopping you from using Bitcoin directly. You are also free to develop another second layer on top of Bitcoin and only you and your counterparty (ies) need to adopt it for it to work.

hold on slow down a minute there. Don't let facts get in the way of a good irrational scare campaign.

[gentlemand]

Maybe someone can shed some light if BFX now *really* have working withdrawals? If that were the case then I wouldn't understand why it still has the higher premium.

BFX charge 3% for withdrawals above $1 million.

https://www.bitfinex.com/posts/311

I doubt anyone bothers withdrawing any more so perhaps it's never been tested.

[bitserve]

Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.

I beg your pardon ?

Lightning IS Bitcoin.

Right and Elephant IS a Car

Bitcoin network is bitcoin network
Lighting network is lightning network

claiming otherwise is a dishonest shill.

A Bitcoiner supports Bitcoin network with mining or mining shares.
A shitcoiner supports a shitcoin node whatever his preferred flavor my be, XRP node, LN node, JPM node or what not crap node (cheap crap computer)

LN (in)directly supports JPMCoin, XRP..... with atomic swap any crap is instantly interchangeable

Crappy worthless nodes Version 1, XRP erks me like...,  no difference with version 3, LN or version 4, JPM

Are you crazy? Is that your problem?

Didn't you know?
When you use TCP, you're no longer using over IP, and is in fact something completely different.
Also, IP is amazing and TCP is a shit protocol.

I am confused.

You don't use TCP over IP? Irony maybe?