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

[becoin]

I have NOT sold, and I am just attempting to figure  out the best point to buy some more. 

Every point is good point to buy some more. But you've to follow few simple rules:

- Use only long term funds to buy bitcoins. Funds you won't need for the next couple of years.
- Use only your own money. Don't borrow!
- Use only such an amount you can afford to lose entirely with a smile.
- Work on your own bitcoin project that improves bitcoin economy and don't waste your time looking at bitcoin price day and night.

Never forget that Bitcoin is just one experiment. It is very promising and getting stronger every day, but still is an experiment.

[ImI]

what's the blue thing below explanation in the chartguy's posts?

It's a protest at the censorship going on over on Reddit.

i thought its a protest against this whole fork-mess

[JayJuanGee]

I have NOT sold, and I am just attempting to figure  out the best point to buy some more. 

Every point is good point to buy some more. But you've to follow few simple rules:

- Use only long term funds to buy bitcoins. Funds you won't need for the next couple of years.
- Use only your own money. Don't borrow!
- Use only such an amount you can afford to lose entirely with a smile.
- Work on your own bitcoin project that improves bitcoin economy and don't waste your time looking at bitcoin price day and night.

Never forget that Bitcoin is just one experiment. It is very promising and getting stronger every day, but still is an experiment.

Yes.... those are fair consideration points. 

[ChartBuddy]

Coin
Explanation

[redsn0w]

Ahahaha, it's a crucial time for everyone.

Every day is crucial for bitcoin during last 6 years. Nothing really new here.

*fix for you (speculation side)  only after 2013 :






so not in the last 6 years....

[Cconvert2G36]

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?

Just on the contrary! If you buy bitcoins now will give the opportunity to spend same coins twice both on Bitcoin and XT networks in future if there is a split at all. So, if you buy 1 bitcoin now you actually buy 2 bitcoins if XT altcoin succeeds in being true alternative to bitcoin!

I don't think this is correct.

If curious, this is an example of what will actually happen once bitcoin forks:

http://qntra.net/2015/01/the-hard-fork-missile-crisis/

There is no fork, until 75% of mining power is making blocks using software that supports more than 2.7tps. Once the fork does happen, Mircea better have some idle petahashes ready to fire up to mine at a (extremely high for <25% hashing power) difficulty. The fork will be quick, and brutal, for those who choose pride over logic.

Not surprising that his ego is telling him he can bend the entire network to his will by selling off his coins tho.

[ImI]

one is for sure, bad publicity has just getting started.

[shmadz]

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?

Just on the contrary! If you buy bitcoins now will give the opportunity to spend same coins twice both on Bitcoin and XT networks in future if there is a split at all. So, if you buy 1 bitcoin now you actually buy 2 bitcoins if XT altcoin succeeds in being true alternative to bitcoin!

I don't think this is correct.

If curious, this is an example of what will actually happen once bitcoin forks:

http://qntra.net/2015/01/the-hard-fork-missile-crisis/

That speak about getting coin fractions from the competing chain, thus tainting your otherwise good coins - that is plain rubbish.

I'm unfamiliar with this "fractional tainting"  part. Perhaps you could quote or outline that bit?

As far as I understand, any fork that persists will allow for this kind of double spending.

[gentlemand]

Not surprising that his ego is telling him he can bend the entire network to his will by selling off his coins tho.

I thought that unusual fella only had around 30,000 coins or so which isn't going to set the world on fire. Either way it'll be fun to see whichever opposing side flattened in the rush to stay on the chain that pays.

[dreamspark]

one is for sure, bad publicity has just getting started.

Yep and thats the main take away from all of this.

With all the bullshit going on r/bitcoin

All the chatter here it makes the whole project look amateurish, none of the big btc publications have picked up on it yet either. Will be interesting to see what happens when they do.

[Fatman3001]

what's the blue thing below explanation in the chartguy's posts?

It's a protest at the censorship going on over on Reddit.

... if you want a site with no editorial responsibility you will have to wait for some autonomous ethereum- or sidechain-driven site. There's a limit to how long a company can condone their business being the platform for pedos and racists to promote their activities.

[ImI]

one is for sure, bad publicity has just getting started.

Yep and thats the main take away from all of this.

With all the bullshit going on r/bitcoin

All the chatter here it makes the whole project look amateurish, none of the big btc publications have picked up on it yet either. Will be interesting to see what happens when they do.

in germany one big newspaper has already picked up the story. http://www.welt.de/wirtschaft/webwelt/article145288223/Bitcoin-spaltet-die-Software-der-eigenen-Waehrung.html

[sAt0sHiFanClub]

I have NOT sold, and I am just attempting to figure  out the best point to buy some more. 

Every point is good point to buy some more. But you've to follow few simple rules:

- Use only long term funds to buy bitcoins. Funds you won't need for the next couple of years.
- Use only your own money. Don't borrow!
- Use only such an amount you can afford to lose entirely with a smile.
- Work on your own bitcoin project that improves bitcoin economy and don't waste your time looking at bitcoin price day and night.

Never forget that Bitcoin is just one experiment. It is very promising and getting stronger every day, but still is an experiment.

That post should be a sticky at the top of the topic.  

[gentlemand]

... if you want a site with no editorial responsibility you will have to wait for some autonomous ethereum- or sidechain-driven site. There's a limit to how long a company can condone their business being the platform for pedos and racists to promote their activities.

Regardless of whether anyone likes it or not, XT is one of Bitcoin's potential futures.

That's a much more important and valid thing to be discussing than the latest announcement about a vaping shop accepting BTC.

[Fatman3001]

... if you want a site with no editorial responsibility you will have to wait for some autonomous ethereum- or sidechain-driven site. There's a limit to how long a company can condone their business being the platform for pedos and racists to promote their activities.

Regardless of whether anyone likes it or not, XT is one of Bitcoin's potential futures.

That's a much more important and valid thing to be discussing than the latest announcement about a vaping shop accepting BTC.

Qe?

[Erdogan]

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?

Just on the contrary! If you buy bitcoins now will give the opportunity to spend same coins twice both on Bitcoin and XT networks in future if there is a split at all. So, if you buy 1 bitcoin now you actually buy 2 bitcoins if XT altcoin succeeds in being true alternative to bitcoin!

I don't think this is correct.

If curious, this is an example of what will actually happen once bitcoin forks:

http://qntra.net/2015/01/the-hard-fork-missile-crisis/

That speak about getting coin fractions from the competing chain, thus tainting your otherwise good coins - that is plain rubbish.

I'm unfamiliar with this "fractional tainting"  part. Perhaps you could quote or outline that bit?

As far as I understand, any fork that persists will allow for this kind of double spending.

I retract that post - I see that there might be some confusion at the time of fork. Let's hope the losing chain dies quickly.

[ChartBuddy]

Coin
Explanation

[sAt0sHiFanClub]

I retract that post - I see that there might be some confusion at the time of fork. Let's hope the losing chain dies quickly.

From that article:

Edit: The first instance described in the article was a soft fork and not a hard fork. The 2nd instance is in debate [as to] whether or not it was non-deterministic behavior or a true hard fork.

[LFC_Bitcoin]

$254.90 on Stamp. The bears are out in force by the looks of it, I'm feeling pretty negative at the moment, still going to HODL as usual obviously, I understand bitcoin is a long term investment but this XT bull shit with Hearn & Gavin is causing the price to tank imo. Weak hands are panicking & getting out

[billyjoeallen]

Ahahaha, it's a crucial time for everyone.

Every day is crucial for bitcoin during last 6 years. Nothing really new here.

Are we going to get another $10 to $20 downward adjustment in BTC prices before returning to the uptrend?

I have NOT sold, and I am just attempting to figure  out the best point to buy some more.  I already bought a bunch of BTC in the $260 range, so, maybe it would be nice to pick up a few more in the $240s, that is if prices are going to go into the $240s... Further, who wants to buy in the $240s, if they are able to get some coins in the $230s?

We're just above the Fibonacci retracement level of $255.  It will prolly get another test tonight. If it holds, we're going back up. I give it a 55% chance of holding. Keep in mind that we're only talking a maybe twenty dollar rally and then we will resume the plunge to possibly high $230s and then sideways for a month or two. Then up to ~$350 and then back down.

I know there is no way to predict this sort of thing, but this is how I see the price discovery going. So far I have had no surprises.