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

[Dilla]

*The manipulator's plan*

Price shot up to $1200, test pump, peaking interest of many.
Price correction down.
Price artificially held down, waiting for large scale economic crisis, accumulation phase for bitcoin manipulators.
Price pump as crisis hits critical point, world jumps in, bitcoin seen as safe haven from economic collapse. Btc=$5-6 figures.
Price continues to pump through halving, economies integrate currency backed by bitcoin. Btc=$5-7 figures.
 

*(Tin foil hat speculation over.)*

[ChartBuddy]

Coin
Explanation

[BTCat]

$260 remains an interesting price. We're building on top of the April 2013 high.

I call below 260 within 48 hours.

24 hours remaining...

$260 never no more

[BlackSpidy]

$260 remains an interesting price. We're building on top of the April 2013 high.

I call below 260 within 48 hours.

24 hours remaining...

$260 never no more

[GaliX]

just a question, how many of you do actively trade bitcoin currently? I used to trade btc when it was super volatile but after the 315$ Coinbase Pump the pressure of the market was out and it became a consolidation zombie. I don't even see much trading potential in the current market.. It's just hodl. The LTC pump was interesting thought but not going to trade shitcoins anymore.

I mean following the bitcoin price over a day is the most boring thing you can do over day.
Compared to trading forex... It's like a ghost-town for the last couple of months.. Once a forex pair runs out of steam you switch over to next potential one and the party starts again. On top the liquidity is insane.

A big plus, any profits I make is directly increasing my BTC savings.

[shmadz]

just a question, how many of you do actively trade bitcoin currently?

"Actively" is a vague term. If by actively you mean daily, or even weekly, then no.

I do trade, but I don't try to guess the market. Last time I sold was at 900+ and last time I bought was at 270 CAD. (Though I was buying from 600 and down, buying heavier as we got lower)

 If price goes back under 300 CAD I will buy again, if price goes over 5000 I will sell some. So yes, I trade, but I'm only "active" when I like the conditions. Right now, my position is set, and I'm just watching the market go sideways. (Slight upwards tilt is nice, not gonna lie  )

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[aztecminer]

Crazy day...

I feel like there are a lot of lurking dangers out there coming from all angles.

- Chinese stocks are in free fall mode, despite the governments best efforts (making them lose credibility).
- Greece is being pushed out of the EuroZone unless a miracle occurs by Sunday
- Puerto Rico is defaulting
- NYSE has a weird "glitch" at the same time that United and WSJ have technical problems

And worst of all, we smug Bitcoiners have a bloated blockchain with 80,000 txn sitting in the mempool.


That being said, we may be at a near-term peak in bearishness, and a positive development on any of those fronts may give us temporary reprieve... though I think there is also a risk that we get a strong risk-off move in the next few days/weeks/months that may lead to a correction.

*Puts on Bear Hat lined with tinfoil

NYSE was a technical glitch ?? more like a technical panic.

[aztecminer]

*The manipulator's plan*

Price shot up to $1200, test pump, peaking interest of many.
Price correction down.
Price artificially held down, waiting for large scale economic crisis, accumulation phase for bitcoin manipulators.
Price pump as crisis hits critical point, world jumps in, bitcoin seen as safe haven from economic collapse. Btc=$5-6 figures.
Price continues to pump through halving, economies integrate currency backed by bitcoin. Btc=$5-7 figures.
 

*(Tin foil hat speculation over.)*

atm the are desperately trying to save their 'interest to infinity' debt slavery system.. in the future (if there is a future) people will look back at their 'interest to infinity' system as primitive and a form of slavery .

[PoolMinor]

*The manipulator's plan*

Price shot up to $1200, test pump, peaking interest of many.
Price correction down.
Price artificially held down, waiting for large scale economic crisis, accumulation phase for bitcoin manipulators.
Price pump as crisis hits critical point, world jumps in, bitcoin seen as safe haven from economic collapse. Btc=$5-6 figures.
Price continues to pump through halving, economies integrate currency backed by bitcoin. Btc=$5-7 figures.
 

*(Tin foil hat speculation over.)*

atm the are desperately trying to save their 'interest to infinity' debt slavery system.. in the future (if there is a future) people will look back at their 'interest to infinity' system as primitive and a form of slavery .

Here is a tin-foil hat documentary for the idea behind monetary enslavement.
https://www.youtube.com/watch?v=gCPaszQpXjE

[Karpeles]

weekend is coming, will we see a pump or a dump?

[Fakhoury]

weekend is coming, will we see a pump or a dump?

The usual is dump.

[Fatman3001]

weekend is coming, will we see a pump or a dump?

Last couple of weekends have been pump.

[ChartBuddy]

Coin
Explanation

[gentlemand]

It seems to be a cyclical thing. Long ago I remember a dump was guaranteed every weekend without fail. Then it was a guaranteed pump despite many still betting on dumpage way after that behaviour was gone. Not bothered whether it's pumpy or dumpy any more as long there are some signs of life.

[ChartBuddy]

Coin
Explanation

[BlackSpidy]

When do you think the transactions are going to clear up?

[Brewins]

When do you think the transactions are going to clear up?

When whoever is doing the blockchain ddos stress tests stop or are stopped by the miners.

[rolling]

When do you think the transactions are going to clear up?

I think it would be great if they never clear up. Bigger fees only make sense.

The average fee for the 22800 pending transactions is .000128 BTC or 3.4 cents per transaction.

Anyone who wants to get a transaction processed in the next block or two only needs to have a $0.10 (.00037 BTC) fee and it should be just fine. The way I look at it, if you don't think it's worth it to pay 10 cents to process your transaction on the most secure network on the planet, then use a less secure alternative. The higher the average fee goes, the less chance of spam attacks and low value transactions bloating the Blockchain.