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

[Dump3er]

there's FUD today, price has been going down for a month, its time to buy.

Mantra on...was there a time where not to buy? 

[ask]

We're down to 250, how low is this going to go?

Much lower - check 3d PSAR and you will find the answer. I am not buying above 210.

[Dump3er]

14k coins dumped...doooooom! 

14k BTC were not dumped.  You might want to review what the things on a chart mean.

Was there a time when it was no bear trap? 

Come on guys...for sure there are more never ending paroles!

[rjclarke2000]

We're down to 250, how low is this going to go?

There is a lot of drama at the moment. We wanted movement and we've got it.


Just the wrong way.

[medialab101]

So are blocks easier to find on Bitcoin XT?

should I start mining with my PC?

there both mining the same chain, I think it's set to be like that for like a year or so? then finally the block limit will increase on XT and the split will happen.

The conditions for fork are 1) after January 11th 2016  2) 75% of blocks carrying XT flag sustained for over 2 weeks. So we could see XT take over as soon as 5 months down the road.

Right now, 11.2% of nodes have switched over to XT. Once that gets over 50% more miners will jump on board and there should be a snowball effect.

[xIronCrossx]

Mantra on...was there a time where not to buy? 

Bitcoin logic dictates you either buy or hodl..or both 

[Dump3er]

And don't forget the most important permabull rule:

A falling price is also bullish!

What leads to next rule:

A bear market is bullish!

[ImI]

there's FUD today, price has been going down for a month, its time to buy.

not sure what bitcoin Core will look like when all the infrastructure quickly upgrades to the lastest version of bitcoin which now fucking SCALES.

i disagree. with all this nerd fight going through the media i expect 1xx$

[inca]

there's FUD today, price has been going down for a month, its time to buy.

not sure what bitcoin Core will look like when all the infrastructure quickly upgrades to the lastest version of bitcoin which now fucking SCALES.

i disagree. with all this nerd fight going through the media i expect 1xx$

You are short, of course you do.

+8k new shorts today. Seems legit

[xIronCrossx]

And don't forget the most important permabull rule:

A falling price is also bullish!

What leads to next rule:

A bear market is bullish!

Hey, if every new user would be following the classic bitcoin advice we would only have buyers 

[medialab101]

The first block that supports XT has now officially been mined:

https://www.reddit.com/r/bitcoin_uncensored/comments/3hhm4v/first_block_mined_that_supports_xt/

[Ducky1]

I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.

[ChartBuddy]

Coin
Explanation

[kenji]

thank you Gavin for losing me money

[ImI]

there's FUD today, price has been going down for a month, its time to buy.

not sure what bitcoin Core will look like when all the infrastructure quickly upgrades to the lastest version of bitcoin which now fucking SCALES.

i disagree. with all this nerd fight going through the media i expect 1xx$

You are short, of course you do.

+8k new shorts today. Seems legit

no, i am not short and i never was. i think you are underestimating the damage that is done by this kiddy fight.

[Dump3er]

there's FUD today, price has been going down for a month, its time to buy.

not sure what bitcoin Core will look like when all the infrastructure quickly upgrades to the lastest version of bitcoin which now fucking SCALES.

i disagree. with all this nerd fight going through the media i expect 1xx$

You are short, of course you do.

+8k new shorts today. Seems legit

But you know that a shitload of shorts does not always lead to the contrarian direction? If it were so it would lead all markets to do nothing more than badshit crazy range bouncing.

Normally a market got depressed by a shitload of shorts till it reaches a price level where the demand is so extraordinary high that the lasting and new shorts got burned.

Still no double digits in sight?

[sniveling]

I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.

When are they going to start stress testing again? I heard it would vaguely be sometime in September but is there anything more specific than that yet like a date? I don't want to have my payments stuck in limbo for days like during the last test, but I also don't want to start paying higher fees until absolutely the last minute.

[derpinheimer]

Wow $2m in longs closed and nearly 10k in shorts opened...

[Cconvert2G36]

Wow $2m in longs closed and nearly 10k in shorts opened...

Yep, that entire drama candle could almost be chalked up to longs closing and shorts adding, for a about a $3 drop.

Not saying that was the bottom, we are far from seeing a conclusion on the max_blocksize argument, but longs adding while shorts closed would have been a much uglier scenario.

[Denker]

thank you Gavin for losing me money

Why Gavin? Is he holding your private keys and selling your stash or what?
If not you meann the people who are selling their coins. It's their decision to sell if they want. And it's also their decision if they choose to run another client. This is how open source and free market works.