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

[inca]

But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.   While the system works well enough for most  transactions, ...

except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times

you know how expensive a bitcoin TX is without the subsidized Blockreward would be?
The ~50$ a current transaction costs makes the traditional system look cheap as fuck...


Somebody has to pay all the THs of mining power burning all the electricity 24/7...

Well, if community would want the price to go up no market maker would be strong enough to push the price down... Everyone (existing bitcoiners) should simply buy one more bitcoin and hold it for a month or two.

my opinion is that the demand is too low for a strong upward trend at the moment. but the situation maybe change after the halfing next year.

I think that demand is big enough... Fact is that someone with lots of coins is shitting around for a year now. Also community has changed big time and bitcoin use to grow on it.
Halving sure will bring the spike! Many are already buying coins just because of that, after all it is less than a year until halving 

Not really... A real demand is almost not existing. It's purely driven by speculation ...

The block reward is falling exponentially.

Speculation has been working for 6 years. It seems to have worked for gold for 5000 years.

Your points aren't really valid to use for short term price prediction.

[WhatsBitcoin]

Whats with all the shilly sigs?! Go buy some bits, you cheap bastards

[Natalia_AnatolioPAMM]

Well, if community would want the price to go up no market maker would be strong enough to push the price down... Everyone (existing bitcoiners) should simply buy one more bitcoin and hold it for a month or two.

my opinion is that the demand is too low for a strong upward trend at the moment. but the situation maybe change after the halfing next year.

It will definitely change. Everything changes after halving, especially when the situation is this deep

[notme]

But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.   While the system works well enough for most  transactions, ...

except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times

you know how expensive a bitcoin TX is without the subsidized Blockreward would be?
The ~50$ a current transaction costs makes the traditional system look cheap as fuck...


Somebody has to pay all the THs of mining power burning all the electricity 24/7...

https://blockchain.info/charts/cost-per-transaction

Your point still stands with the $10 the actual data shows...there is no reason to be hyperbolic.

[LFC_Bitcoin]

Bit of a dip overnight, seems to be some resistance at 275 though so I doubt we'll go any lower than that. This is a good opportunity for people to gobble up some cheap coins. 

[rememberme]

umm 200 incomming 

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[kevindurant]

Sorry I was wrong. BTC is under 280$ for 12+ hours in Btc-e. I thought 280 was the great resistance but it broke down easily.

[GaliX]

https://www.tradingview.com/chart/BTCUSD/XSQuynWO-Take-Profits-and-look-for-possible-short-signals/

[Totscha]

Sorry I was wrong. BTC is under 280$ for 12+ hours in Btc-e. I thought 280 was the great resistance but it broke down easily.

All I see is a bounce from $282. BTC-E is always $5 below avearge of stamp and finex

[luckygenough56]

2 digits anyone ? 

[Totscha]

2 digits anyone ? 

42

There you go

[LFC_Bitcoin]

umm 200 incomming  

We're down 3 USD today, what is all the panic about? For real world terms 3 USD will buy you a coffee or a burger.
That is literally the price loss over the last 12-24 hours, let's all calm down shall we & see how this plays out. It's not exactly time to start tying a noose & hang ourselves

[madonnino]

umm 200 incomming  

We're down 3 USD today, what is all the panic about? For real world terms 3 USD will buy you a coffee or a burger.
That is literally the price loss over the last 12-24 hours, let's all calm down shall we & see how this plays out. It's not exactly time to start tying a noose & hang ourselves

3$ when you have 200btc it's a loss of about 600$, it every depends on how many coin you own, if u have 1 o worries but if u have more a dump of 10$ would be a lot of money

[LFC_Bitcoin]

umm 200 incomming  

We're down 3 USD today, what is all the panic about? For real world terms 3 USD will buy you a coffee or a burger.
That is literally the price loss over the last 12-24 hours, let's all calm down shall we & see how this plays out. It's not exactly time to start tying a noose & hang ourselves

3$ when you have 200btc it's a loss of about 600$, it every depends on how many coin you own, if u have 1 o worries but if u have more a dump of 10$ would be a lot of money

I'm a HODLER so I have no worries at all. The vast majority of my stash is in cold storage, I'm waiting for at least 5 years. You haven't lost anything during a period of downwards price movement unless you sell at a loss. Nobody sells on the way down unless they're retarded.

[Gyrsur]

test of 38,2 % retracement on OKCoin:



this heterogeneous setup with several markets makes it difficult to analyse. you have to watch several markets at once because you never know which market leads at the moment.

[dreamspark]

umm 200 incomming  

We're down 3 USD today, what is all the panic about? For real world terms 3 USD will buy you a coffee or a burger.
That is literally the price loss over the last 12-24 hours, let's all calm down shall we & see how this plays out. It's not exactly time to start tying a noose & hang ourselves

3$ when you have 200btc it's a loss of about 600$, it every depends on how many coin you own, if u have 1 o worries but if u have more a dump of 10$ would be a lot of money

I'm a HODLER so I have no worries at all. The vast majority of my stash is in cold storage, I'm waiting for at least 5 years. You haven't lost anything during a period of downwards price movement unless you sell at a loss. Nobody sells on the way down unless they're retarded.

Oh how retarded I was selling on the way down from 1000. How retarded I was to more than 6x my stack on the way down. lol. Comon mate, better permabull arguments than telling people selling on the way down is retarded. Selling now could be a golden move if we drop 50 bucks.

[Gyrsur]

we won't get lower than 210 if we ever reach this level again.

execption is a major incident in the network itself.

[simmo77]

Whats with all the shilly sigs?! Go buy some bits, you cheap bastards

Yes! Agree totally, fucking beggars.