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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26966194 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
Fatman3001
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March 12, 2015, 11:48:26 AM



THE BITFINEX $1.2M WALL HAS BEEN REMOVED!

yeah. 280 bid wall down

market buy incoming?

Epic dump incoming...

DON'T DO IT !!!!!!
Fatman3001
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March 12, 2015, 11:59:11 AM

Epic dumps are not that epic anymore.
ChartBuddy
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March 12, 2015, 11:59:13 AM

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networthsigns
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March 12, 2015, 11:59:35 AM

Will bitcoins be worth $1,000 again this year?

just wait for next halving, its really going to be something..

Can you help me understand why please and not the answer because there will be less coins Smiley That is obvious, the reason i ask is because doge had a halving recently and i have seen nothing but a continuous drop in value so what makes bitcoins halving any different?

Don't get me wrong i would love to see it go to $1,000 so i can buy my house but seems all i can remember is dropping lol although recently has been a nice change...
Wexlike
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March 12, 2015, 12:03:35 PM

Well Doge is not Bitcoin. The first Doge halving had a big effect.
SnokkomBTC
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March 12, 2015, 12:04:54 PM

Will bitcoins be worth $1,000 again this year?

just wait for next halving, its really going to be something..

Can you help me understand why please and not the answer because there will be less coins Smiley That is obvious, the reason i ask is because doge had a halving recently and i have seen nothing but a continuous drop in value so what makes bitcoins halving any different?

Don't get me wrong i would love to see it go to $1,000 so i can buy my house but seems all i can remember is dropping lol although recently has been a nice change...
because doge is a shitty altcoin and bitcoin is bitcoin  Wink
Martingale
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March 12, 2015, 12:06:41 PM

Will bitcoins be worth $1,000 again this year?

IMO this year no chance
may be in 2017
soullyG
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March 12, 2015, 12:09:09 PM

Will bitcoins be worth $1,000 again this year?

just wait for next halving, its really going to be something..

Can you help me understand why please and not the answer because there will be less coins Smiley That is obvious, the reason i ask is because doge had a halving recently and i have seen nothing but a continuous drop in value so what makes bitcoins halving any different?

Don't get me wrong i would love to see it go to $1,000 so i can buy my house but seems all i can remember is dropping lol although recently has been a nice change...

Price rises because the supply rate drops (therefore making the remaining coins on market more valuable) - the difference between Doge and Bitcoin is that there isn't a cap to the total number of Dogecoins created, whereas Bitcoin will only ever have a max of 21m coins (unless the protocol changes).
aztecminer
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March 12, 2015, 12:20:12 PM

i think we have reached our peak already for this pump. dump time again.



pretty sure we're going sideways for probably least six more weeks and maybe longer.

there are reasons for this why bitcoin cant go up or down atm .

LMFAO


five or six more weeks to go of trading the scalp ..
hdbuck
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March 12, 2015, 12:24:12 PM

so stamp wall won over finex.. who's leading now? Cool
Frost
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March 12, 2015, 12:40:45 PM

I wish there would be a little bit more volatility like in the good old days... the exchange rate is soooo boring anyhow.
Fatman3001
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March 12, 2015, 12:49:01 PM

Will bitcoins be worth $1,000 again this year?

just wait for next halving, its really going to be something..

Can you help me understand why please and not the answer because there will be less coins Smiley That is obvious, the reason i ask is because doge had a halving recently and i have seen nothing but a continuous drop in value so what makes bitcoins halving any different?

Don't get me wrong i would love to see it go to $1,000 so i can buy my house but seems all i can remember is dropping lol although recently has been a nice change...

Price rises because the supply rate drops (therefore making the remaining coins on market more valuable) - the difference between Doge and Bitcoin is that there isn't a cap to the total number of Dogecoins created, whereas Bitcoin will only ever have a max of 21m coins (unless the protocol changes).

+ Bitcoin is, despite appearances, more mature and have a better ecosystem. Dogecoin had a lot of community support for a while, but it lost a lot of steam. So a halving now just means less of a reason for people bother with it.
ChartBuddy
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March 12, 2015, 12:59:09 PM

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hdbuck
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March 12, 2015, 01:08:37 PM

Will bitcoins be worth $1,000 again this year?

just wait for next halving, its really going to be something..

Can you help me understand why please and not the answer because there will be less coins Smiley That is obvious, the reason i ask is because doge had a halving recently and i have seen nothing but a continuous drop in value so what makes bitcoins halving any different?

Don't get me wrong i would love to see it go to $1,000 so i can buy my house but seems all i can remember is dropping lol although recently has been a nice change...

Price rises because the supply rate drops (therefore making the remaining coins on market more valuable) - the difference between Doge and Bitcoin is that there isn't a cap to the total number of Dogecoins created, whereas Bitcoin will only ever have a max of 21m coins (unless the protocol changes).

+ Bitcoin is, despite appearances, more mature and have a better ecosystem. Dogecoin had a lot of community support for a while, but it lost a lot of steam. So a halving now just means less of a reason for people bother with it.

*network effect
*mining industry
*speculators (+ desperate financial system)

explosive cocktail that is.
last +1k ATH was just due to halving.

in between is just noise and speculation.
enjoy the ride till the next one.


sAt0sHiFanClub
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March 12, 2015, 01:19:34 PM

Epic dumps are not that epic anymore.

via Imgflip Meme Maker
michaelGedi
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March 12, 2015, 01:31:03 PM


Epic dumps are not that epic anymore.

neither are the walls that epic these days in BTC terms....

https://bitcointalk.org/index.php?topic=178336.msg1860117#msg1860117


ahhhh, those were the days...

...and I heard even further back before I was born, they had spectacular fun on gox pre 2013, throwing btcs around like confetti
sAt0sHiFanClub
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March 12, 2015, 01:31:50 PM


 - the difference between Doge and Bitcoin is that there isn't a cap to the total number of Dogecoins created,
 whereas Bitcoin will only ever have a max of 21m coins (unless the protocol changes).

Its nothing to do with the protocol - if it were then there may be some guarantees that this 21m cap will be concrete.

No, its simply an arbitrary value ( actually - its an 'operand') in the code that can be changed at any time without having any effect on previous, existing or future transactions.
So, in otherwords, where most 'protocol' changes would, at the very least, require a "hard fork", the change in the cap to 22M or 42M or infinite cap could be made in the next minor version release.

I dont know where people who are supposed to understand these things get the idea of a hard limit to bitcoin. Its only a 'guide' or estimate. It can change once enough people want it.

Its just one line of code!!
empowering
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March 12, 2015, 01:44:01 PM


 - the difference between Doge and Bitcoin is that there isn't a cap to the total number of Dogecoins created,
 whereas Bitcoin will only ever have a max of 21m coins (unless the protocol changes).

Its nothing to do with the protocol - if it were then there may be some guarantees that this 21m cap will be concrete.

No, its simply an arbitrary value ( actually - its an 'operand') in the code that can be changed at any time without having any effect on previous, existing or future transactions.
So, in otherwords, where most 'protocol' changes would, at the very least, require a "hard fork", the change in the cap to 22M or 42M or infinite cap could be made in the next minor version release.

I dont know where people who are supposed to understand these things get the idea of a hard limit to bitcoin. Its only a 'guide' or estimate. It can change once enough people want it.

Its just one line of code!!

The 21 million cap, is as concrete as peoples trust in Bitcoin..... or rather peoples trust in Bitcoin is as concrete at the 21 million cap.
sAt0sHiFanClub
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March 12, 2015, 01:51:26 PM


 - the difference between Doge and Bitcoin is that there isn't a cap to the total number of Dogecoins created,
 whereas Bitcoin will only ever have a max of 21m coins (unless the protocol changes).

Its nothing to do with the protocol - if it were then there may be some guarantees that this 21m cap will be concrete.

No, its simply an arbitrary value ( actually - its an 'operand') in the code that can be changed at any time without having any effect on previous, existing or future transactions.
So, in otherwords, where most 'protocol' changes would, at the very least, require a "hard fork", the change in the cap to 22M or 42M or infinite cap could be made in the next minor version release.

I dont know where people who are supposed to understand these things get the idea of a hard limit to bitcoin. Its only a 'guide' or estimate. It can change once enough people want it.

Its just one line of code!!

The 21 million cap, is as concrete as peoples trust in Bitcoin..... or rather peoples trust in Bitcoin is as concrete at the 21 million cap.

Nah, Peoples trust and use of bitcoin will be seperate to that cap. However, dreams of hlding a $32K or $4.4m Bitcoin are as concrete as an arbitrary line of code.

Also, the rules are pretty explicit in saying that this can be changed - with consensus. The move from 1mb to 20mb blocksize is technically far more complex.
empowering
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March 12, 2015, 01:56:55 PM


 - the difference between Doge and Bitcoin is that there isn't a cap to the total number of Dogecoins created,
 whereas Bitcoin will only ever have a max of 21m coins (unless the protocol changes).

Its nothing to do with the protocol - if it were then there may be some guarantees that this 21m cap will be concrete.

No, its simply an arbitrary value ( actually - its an 'operand') in the code that can be changed at any time without having any effect on previous, existing or future transactions.
So, in otherwords, where most 'protocol' changes would, at the very least, require a "hard fork", the change in the cap to 22M or 42M or infinite cap could be made in the next minor version release.

I dont know where people who are supposed to understand these things get the idea of a hard limit to bitcoin. Its only a 'guide' or estimate. It can change once enough people want it.

Its just one line of code!!

The 21 million cap, is as concrete as peoples trust in Bitcoin..... or rather peoples trust in Bitcoin is as concrete at the 21 million cap.

Nah, Peoples trust and use of bitcoin will be seperate to that cap. However, dreams of hlding a $32K or $4.4m Bitcoin are as concrete as an arbitrary line of code.

Also, the rules are pretty explicit in saying that this can be changed - with consensus. The move from 1mb to 20mb blocksize is technically far more complex.

Hmmm.. well if it were to be announced tomorrow that another 21 million were to be added in such a way, I would be out in a heartbeat, If it were to occur, I would not wipe my ass with Bitcoin... that is the honest truth from my point of view........and I am sure I am not alone.

It is a bit like quantitative easing, bond buying, it debases the currency and is in my view, and in many peoples view an absolute no no.




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