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

[ChartBuddy]

Explanation

[bizz]

Would each confirmation take hours?

Only until the next difficulty adjustment.

In 2011, Namecoin was driven up by high hashrate and pretty much abandoned. This caused blocks to take hours and retargets to take months. This is what sparked merged mining because if it wasn't for that, Namecoin would have been a complete failure. There is nothing higher hashrate to merge Bitcoin with. If an ASIC exodus were to happen, it may ruin Bitcoin.

This is what worries me the most about  Bitcoin. This scenario is getting closer every day.

[galdur]

It´s all right, market is just spooked by this guy and maybe his pals

[findftp]

(...) Just face it, this is a bad day.

No, that's not true. It's a great day.

Bitcoin is going to be a huge global success. Therefore, temporary lower prices are a good thing, because they give you the opportunity to buy more.

Yes! GREED IS GOOD.

[exocytosis]

This is the year of Bitcoin, guys.

The USD will collapse, the Fed will burn to the ground, America will adopt Bitcoin as legal tender, every barrel of oil will be sold for BTC, and every major industrial nation will hold plenty of bitcoins as reserve currency. Think about the staggering number of transactions that theoretically can be processed by the amazing Blockchain: A whopping 2.7 transactions per second! With such huge capacity and amazing speed (only an hour for the necessary 6 confirmations), it's no wonder every Wall Street fiat bankster jumped aboard the Bitcoin ship in 2014. And with the mindblowing security, safety and user-friendliness of the Bitcoin infrastructure, I'm not the least bit surprised to see every unbanked third world peasant gobble up all those cheap coins now. It's obvious that every person on Earth wants to be their own bank. It's the dream of every little child to be their own bank. Or so I've heard.

[Gyrsur]

the question is: who the fuck is dumping the market? we need a target! that's all what we want!

 

[InvestorPerson]

Bitcoin bulls right now be like:


https://www.youtube.com/watch?v=QZ58RFKwSfw

thanks for the laugh  


it's just a shakeout guys, just a shakeout  

This is the year of Bitcoin, guys.

The USD will collapse, the Fed will burn to the ground, America will adopt Bitcoin as legal tender, every barrel of oil will be sold for BTC, and every major industrial nation will hold plenty of bitcoins as reserve currency. Think about the staggering number of transactions that theoretically can be processed by the amazing Blockchain: A whopping 2.7 transactions per second! With such huge capasity and amazing speed (only an hour for the necessary 6 confirmations), it's no wonder every Wall Street fiat bankster jumped aboard the Bitcoin ship in 2014. And with the mindblowing security, safety and user-friendliness of the Bitcoin infrastructure, I'm not the least bit surprised to see every unbanked third world peasant gobble up all those cheap coins now. It's obvious that every person on Earth wants to be their own bank. It's the dream of every little child to be their own bank. Or so I've heard.

this is bullish, buying another 0.01 satoshi right now

[ShroomsKit]

buy pressure in the low 200s would be über-massive seeing the resistance at 300 already.

Waiting for flash crash, it's my bull signal.

They said the same thing at 900 700 500. You must be new here.

[findftp]

the question is: who the fuck is dumping the market? we need a target! that's all what we want!

 

I already gave you a target. 275 on finex.
Just be patient.

[ShroomsKit]

great price, hope it goes lower, that's never bad  

buying 0.01btc every 5$ dollar, this is awesome. remember, you can't go up 24/7, sometimes the bears win  

Sorry, but you're clueless.

[ivyleague1985]

the question is: who the fuck is dumping the market? we need a target! that's all what we want!

 

Several Chinese bearish traders who supposed to have $3-5 million assets each. They open private chat group and gathered as many stupid believers as possible to short the bitcoin. They usually attach during the night.

[ShroomsKit]

Schadenfreude seems to be in vogue again

What makes you think that I get pleasure out of the misery of btc permabulls? cheap coins are good for them, aren't they?


I'm just happy for them. lol

They were begging for cheap coins for the biggest part of 2014. So it must be party time now.

[LFC_Bitcoin]

the question is: who the fuck is dumping the market? we need a target! that's all what we want!

 

So we can make them 'disappear'

[Wandererfromthenorth]

This is the year of Bitcoin, guys.

The USD will collapse, the Fed will burn to the ground, America will adopt Bitcoin as legal tender, every barrel of oil will be sold for BTC, and every major industrial nation will hold plenty of bitcoins as reserve currency. Think about the staggering number of transactions that theoretically can be processed by the amazing Blockchain: A whopping 2.7 transactions per second! With such huge capasity and amazing speed (only an hour for the necessary 6 confirmations), it's no wonder every Wall Street fiat bankster jumped aboard the Bitcoin ship in 2014. And with the mindblowing security, safety and user-friendliness of the Bitcoin infrastructure, I'm not the least bit surprised to see every unbanked third world peasant gobble up all those cheap coins now. It's obvious that every person on Earth wants to be their own bank. It's the dream of every little child to be their own bank. Or so I've heard.

I ROTFLMFAO'd.

[NotLambchop]

...
Good afternoon, pig! ...

[exocytosis]

The Manbearwhale is back with his price manipulation schemes. He's hoping to push the price down in the 250 range, to buy up all them cheap coinz given to him by all the weak hands. This is extremely bullish, gentlemen.

[ShroomsKit]

This epic shakeout will continue until every weak hand is bled out and the fear is palpable. Who knows how long it will last. But rest assured that, when the tide turns, those of us that held on (or bought more) will reap the rewards.

Alan Davies: "We will see who is right. Just look at Da Vinci, a lot of people called him a nutter back in his days."
Stephen Fry: "They said that about a lot of idiots as well."


We don't need shakeouts. We need millions and billions of weak hands to go mainstream. We need growth in all directions. Just face it, this is a bad day.

Exactly. Amazing to see there are still people who believe in the weak hands myth. Been reading that same line during every dump since 1200.

[ShroomsKit]

(...) Just face it, this is a bad day.

No, that's not true. It's a great day.

Bitcoin is going to be a huge global success. Therefore, temporary lower prices are a good thing, because they give you the opportunity to buy more.

Just keep telling yourself that.

[BlindMayorBitcorn]

This epic shakeout will continue until every weak hand is bled out and the fear is palpable. Who knows how long it will last. But rest assured that, when the tide turns, those of us that held on (or bought more) will reap the rewards.

Alan Davies: "We will see who is right. Just look at Da Vinci, a lot of people called him a nutter back in his days."
Stephen Fry: "They said that about a lot of idiots as well."


We don't need shakeouts. We need millions and billions of weak hands to go mainstream. We need growth in all directions. Just face it, this is a bad day.

Exactly. Amazing to see there are still people who believe in the weak hands myth. Been reading that same line during every dump since 1200.

I think it's called a confirmation bias. It's hard for brains to admit they were so wrong for so long

[caga]

I see a lot of speculation saying that 275 is the lowest it can go . But who will keep it there to offer support ?