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

[Fatman3001]

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.

http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981

If they do that then I think it will be a scenario that Bitcoin will have difficulty of recovering from. It might be the beginning of the end, and something else will take over.

Better we find all the bugs/attack vectors while Bitcoin's still in beta.  People keep forgetting that this is a prototype, an experiment, not a money printing machine.

who invited this guy?   

Lambie

[gizmoh]

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

From 13K to 22k, I think we might see less sideways from now on.

Only 14,470 shorts opened.

?

https://bfxdata.com/combined/btc

From  https://bfxdata.com/swaphistory/totals
0.0149   15,046.58   21:33:09 18-08-2015

Also there was a momentary glitch on swaps. The correct amount is listed on Bitfinex stats page.

[Fatman3001]

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

From 13K to 22k, I think we might see less sideways from now on.

Only 14,470 shorts opened.

?

https://bfxdata.com/combined/btc

From  https://bfxdata.com/swaphistory/totals
0.0149   15,046.58   21:33:09 18-08-2015

Also there was a momentary glitch on swaps. The correct amount is listed on Bitfinex stats page.

Ok, I see it now. Sry.

[Ducky1]

Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.

Mr. Contradiction, from where did you buy your crystal ball ?

Kindly tell me as your crystal balls sucks tbh !!

Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run? 

[Fakhoury]

For my Bull and Perma Bull friends.

Emotions and uncertainty are at a high right now, and there are traders looking to take advantage of that. Beware of manipulation! 20,000btc sell on Bitfinex was combination of 10,000btc short and 8,000btc long position being closed. "Be greedy when others are fearful"



Credits for davidbaileybtcmedia @ https://www.reddit.com/r/Bitcoin/

[sAt0sHiFanClub]

Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.

There is nothing wrong with the code per se. It doesn't scale very well ( easy fix) and its propagation bound (alas inherent in the design). Its biggest problem is that its potential as a mass financial settling platform has been spotted, and some people wish to change it towards this service (attracting about $200m in VC in the process) . Its possible that this will prevent bitcoin from becoming a unit of commerce in its own right.

But for what it does now, it does exceptionally well for a giant beta.

[Fakhoury]

Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.

Mr. Contradiction, from where did you buy your crystal ball ?

Kindly tell me as your crystal balls sucks tbh !!

Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run? 

Did you hear about the internet ?

[esse83]

We are now looking at the next huge wave down last seen summer 2014 (ofc with some bounces), we might find some ground at 230 (longterm trendline since april 2013) - if it fails we collapse into 1xx and then double digits.

Right now the price is $250 - advice, short.

If it comes true double digits will be around december this year (2015). My guess is $77.

Saved for future reference.

Edit: Within a year I also expect bitstamp & bitfinex to collapse (bankruptcy).

[Chef Ramsay]

We now have four red candles in a row on the weekly chart. That hasn't happened since the crash last winter.

interestingly, we're still down less than 50% for the last twelve months which means we're STILL out performing WTI crude. Is oil dead?

Comparing bitcoin to crude is meaningless. Sorry, but it's true.

I doubt the comparison has anything to do w/ the dynamics behind these commodities but rather the volatility in relation to each in the eyes of institutional investors. As he mentioned before, bitcoin is becoming a more respected asset class when you factor in the disaster that is oil the last year.

[billyjoeallen]

Boom

http://www.zerohedge.com/news/2015-08-18/seeking-alternatives-1000-bitcoin-atms-are-coming-greece

Got yer coinz, Bitches.

[Fakhoury]

Boom

http://www.zerohedge.com/news/2015-08-18/seeking-alternatives-1000-bitcoin-atms-are-coming-greece

Got yer coinz, Bitches.

The future is ours dear

I'm ROFLING at this bear trap, as gotmilk_ said, whales need more coins and me as well although I'm a jellyfish and not a whale  

[Ducky1]

Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.

Mr. Contradiction, from where did you buy your crystal ball ?

Kindly tell me as your crystal balls sucks tbh !!

Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run? 

Did you hear about the internet ?

The internet can be equaled to the blockchain, not to a particular implementation of the blockchain called bitcoin. Saying that bitcoin IS the only possible blockchain is a like saying  Mosaic is the only possible internet browser.

[sAt0sHiFanClub]

Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.

Mr. Contradiction, from where did you buy your crystal ball ?

Kindly tell me as your crystal balls sucks tbh !!

Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run? 

Did you hear about the internet ?

The internet used NCP ( under arpanet) until 1983 when they changed protocol to tcp/ip.

[Fakhoury]

Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.

Mr. Contradiction, from where did you buy your crystal ball ?

Kindly tell me as your crystal balls sucks tbh !!

Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run? 

Did you hear about the internet ?

The internet can be equaled to the blockchain, not to a particular implementation of the blockchain called bitcoin. Saying that bitcoin IS the only possible blockchain is a like saying  Mosaic is the only possible internet browser.

And who came with the blockchain, isn't bitcoin ?

[sniveling]

We are now looking at the next huge wave down last seen summer 2014 (ofc with some bounces), we might find some ground at 230 (longterm trendline since april 2013) - if it fails we collapse into 1xx and then double digits.

Right now the price is $250 - advice, short.

If it comes true double digits will be around december this year (2015). My guess is $77.

Saved for future reference.

Edit: Within a year I also expect bitstamp & bitfinex to collapse (bankruptcy).

Why do you think those two exchanges will go bankrupt and not the others? Which exchanges do you think won't go bankrupt? Bitfinex provides shorting options which some people speculate might lead to bankruptcy if an extreme crash happens. However Bitstamp doesn't allow shorting, so why do you think it might go bankrupt, unless you think it has unsustainable debts remaining from when it was hacked?

[Ducky1]

Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.

Mr. Contradiction, from where did you buy your crystal ball ?

Kindly tell me as your crystal balls sucks tbh !!

Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run? 

Did you hear about the internet ?

The internet can be equaled to the blockchain, not to a particular implementation of the blockchain called bitcoin. Saying that bitcoin IS the only possible blockchain is a like saying  Mosaic is the only possible internet browser.

And who came with the blockchain, isn't bitcoin ?

Yes, the inventors of Bitcoin invented the blockchain. Since then there are already hundred, if not thousands of implementation's on the market with various improvements and variations from bitcoin's implementation. The only reason bitcoin is still largest is because of it's first mover advantage and widespread adoption. Which is also it's handicap since it's so difficult to change obvious flaws.

[fonsie]

Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.

Mr. Contradiction, from where did you buy your crystal ball ?

Kindly tell me as your crystal balls sucks tbh !!

Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run? 

Did you hear about the internet ?

The internet can be equaled to the blockchain, not to a particular implementation of the blockchain called bitcoin. Saying that bitcoin IS the only possible blockchain is a like saying  Mosaic is the only possible internet browser.

And who came with the blockchain, isn't bitcoin ?

Yes, the inventors of Bitcoin invented the blockchain. Since then there are already hundred, if not thousands of implementation's on the market with various improvements and variations from bitcoin's implementation. The only reason bitcoin is still largest is because of it's first mover advantage and widespread adoption. Which is also it's handicap since it's so difficult to change obvious flaws.

You better start fixing those obvious flaws then, it's open source, instead of complaining here.

[pinky]

I wonder how people will try to close their longs with this massively dwindling support.

Like always, without any problem.

[Dump3er]

...traps set by government infiltrators and bankster saboteurs

There we go again  

 

[Morecoin Freeman]

The bear trolls are back.