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

[Hyperjacked]

Bitcoin + leverage = insane volatility 

[BitcoinNewsMagazine]

Price found overhead resistance right at the daily 200 MA and retraced as I suggested earlier. Sometimes all you need to watch are the common moving averages.



So far we have found support at the 1 hour 200 MA on Bitstamp. I expect to tread water here with perhaps a dip to $8000 until there is another attempt to break though $9000. Watch the weekly candle see how it closes today.

[yslyv]

We are still inside of the ascending triangle. If bitcoin price can stay inside of this triangle, we can expect a good kump after 9600 USD. Lets wait and see if this bottom wall is going to work or not.

[xhomerx10]

That's awesome news!!  Kump it good!!

 Wait a minute! What?  Kump...  Is this a trick?!?

[rdbase]

That's awesome news!!  Kump it good!!

 Wait a minute! What?  Kump...  Is this a trick?!?

[realr0ach]

Your triangle looks kinda broken to me

[jbreher]

Also, Takoyaki means Octopus balls

Funny. I didn't know octopi had balls.

[jbreher]

you have no fear that CSWs insane mind will finish its decent into lunacy and utterly destroying whatever you think bsv is?

No. Users are not forced to accept new versions of SW. Anyone is free to continue using the previously existing version. This nullifies any threat.

Of course, it is likely that nChain is a significant miner, which does lead to some exposure in this regard. But Craig does not hold exclusive chains of power in that organization, and others there are not suicidal. So, somewhat mitigated.

[xhomerx10]

Also, Takoyaki means Octopus balls

Funny. I didn't know octopi had balls.

 Yep, they have 8 arms yet oddly enough, only one ball (singular- testis).

 

[Febo]

BSV preformed so good while it was lead by someone who could not answer any questions that was asked at all and was dreaming he is Satoshi.  What will happen now when some normal capable man will take control of BSV. Extremely bullish!

[P_Shep]

Urgh. Tired of all this $9K. 

When 10K?

Now look what you did.

Aww, shit.
My bad.

[STT]

Your triangle looks kinda broken to me

Well ironical my first reaction would be to expect a break from that pattern and reset to support.   That could be positive but the rise presently seems a little too aggressive, bigger gains come from regular sells occurring but failing vs the larger (positive) trend.

[P_Shep]

you have no fear that CSWs insane mind will finish its decent into lunacy and utterly destroying whatever you think bsv is?

No. Users are not forced to accept new versions of SW. Anyone is free to continue using the previously existing version. This nullifies any threat.

Of course, it is likely that nChain is a significant miner, which does lead to some exposure in this regard. But Craig does not hold exclusive chains of power in that organization, and others there are not suicidal. So, somewhat mitigated.

So you're banking on BSV users making good decisions?

Hmm.

[VB1001]

https://i.imgur.com/rRCf3K4.png

[bitcoinPsycho]

BBC News - Bitcoin virtual currency reaches all-time high price
http://www.bbc.co.uk/news/technology-21601608



remember this?

[P_Shep]

BBC News - Bitcoin virtual currency reaches all-time high price
http://www.bbc.co.uk/news/technology-21601608



remember this?

Yeah, they stopped doing that after continually breaking the ATH for months

[P_Shep]

BBC News - Bitcoin virtual currency reaches all-time high price
http://www.bbc.co.uk/news/technology-21601608



remember this?

LOL

"When our team discussed how to tackle these issues in the US, it seemed clear that Mt Gox had by far the best security record in the Bitcoin exchange landscape."

[vapourminer]

you have no fear that CSWs insane mind will finish its decent into lunacy and utterly destroying whatever you think bsv is?

No. Users are not forced to accept new versions of SW. Anyone is free to continue using the previously existing version. This nullifies any threat.

Of course, it is likely that nChain is a significant miner, which does lead to some exposure in this regard. But Craig does not hold exclusive chains of power in that organization, and others there are not suicidal. So, somewhat mitigated.

does csw know about this?

he would most likely sue them and take his own devs to court if they ignore his decisions. or split from bsv if they dont listen. just extrapolating this on observed past behavior.

anyway as you say they dont have to follow so it will be intersting as to how long bsv puts up with him.

[Searing]

BBC News - Bitcoin virtual currency reaches all-time high price
http://www.bbc.co.uk/news/technology-21601608



remember this?

That was like 8 months before I started. On Oct 18th, 2013..sometime during the day, BTC was $150 when I looked.

I miss my Newbie BTC Youth! The thrill of being absolutely 'clueless' on wtf you were doing and still making out like a bandit!

KNC Jupiter Miner arrived 0ct 18th, 2013. I got it sopping wet full of water and parts floating inside. Dried it out. It was $5,131.80 USD.

Tried to turn it on, IT CAME WITH NO FRIGGING SWITCH, I was utterly befuddled.

Emailed them got a prompt reply to use a 'paper clip' and short out the PSU leads to the

computer cable for power to a computer motherboard.

Sat there 'stunned!'

I mean really, I paid the amount above for this beastie and it does not even have a 'frigging' switch!

 Closed my eyes, turned my head away for expected flash/explosion and of the certain 'bricking' of the device.

Worked fine, Ran like a top for a couple of years, till difficulty got to high on BTC vs electric. (considering BTC price now should have run it another 1/2 year!)

Best Miner I ever had par none for output and stability. Sometime during that day, I looked up the price of BTC it was $150 USD per BTC!

I think I made 1 BTC a day.

I 'long' for a return to those glory 'newbie' home mining days, but alas,they are gone forever.

[P_Shep]

BBC News - Bitcoin virtual currency reaches all-time high price
http://www.bbc.co.uk/news/technology-21601608



remember this?

That was like 8 months before I started. On Oct 18th, 2013..sometime during the day, BTC was $150 when I looked.

I miss my Newbie BTC Youth! The thrill of being absolutely 'clueless' on wtf you were doing and still making out like a bandit!

KNC Jupiter Miner arrived 0ct 18th, 2013. I got it sopping wet full of water and parts floating inside. Dried it out. It was $5,131.80 USD.

Tried to turn it on, IT CAME WITH NO FRIGGING SWITCH, I was utterly befuddled.

Emailed them got a prompt reply to use a 'paper clip' and short out the PSU leads to the

computer cable for power to a computer motherboard.

Sat there 'stunned!'

I mean really, I paid the amount above for this beastie and it does not even have a 'frigging' switch!

 Closed my eyes, turned my head away for expected flash/explosion and of the certain 'bricking' of the device.

Worked fine, Ran like a top for a couple of years, till difficulty got to high on BTC vs electric. (considering BTC price now should have run it another 1/2 year!)

Best Miner I ever had par none for output and stability. Sometime during that day, I looked up the price of BTC it was $150 USD per BTC!

I think I made 1 BTC a day.

I 'long' for a return to those glory 'newbie' home mining days, but alas,they are gone forever.

Those were the days.
I had a pretty tidy return from this:

I bought 6 in all.


And then this: