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

[Blazin8888]

HUGE~!!!!!

BITCOIN WILL BE AVAILABLE ON ETHEREUM BLOCKCHAIN

DEVCON NEWS: http://btcrelay.org

BTC Relay allows Ethereum developers to interact with the Bitcoin blockchain and verify Bitcoin transactions. Relayers who submit blocks to support the Relay can earn Ether.BTC Relay is an Ethereum contract that stores Bitcoin blockheaders. BTC Relay uses these blockheaders to build a mini-version of the Bitcoin blockchain: a method used by Bitcoin SPV light wallets.
BTC Relay is open-source, trustless, autonomous and decentralized: it is on the blockchain for all to use and not controlled by anyone.

this is bearish for ETH, now BTC will be favored as the value store / transport within the smart contracts, and ETH will be what it was designed to be, "anti spam fuel", the Ethereum project looks like it has a bright future, ETH/BTC not so much.

Not nessasarily. ETH value will be much higher than it currently is today. Yes BTC will be a store of value Ether was never trying to do that anyways. This does not mean Ether wont have much value. Ether will be digital fuel for the internet of things. It will probably be worth more than a bitcoin at some point in time. There will be over 1 trillion devices connected to the internet by 2020. I believe eth will be the alt to surpass all alts. Btc will still be used as store of value and everything its currently used for. This is still great for BTC in every way. Its only logical now the ETH price will rise dramatically as private / corportate investors hop on and accumulate this fuel for their upcoming development projects. Not to mention independent specualators who will buy mass amounts of Ether an hold for the future.

[ChartBuddy]

Coin

Explanation

[BitofaN1]

When the market is being controlled by literally one deep pocket whale or a small consortium, it's gonna be a while.  They will take their time, keep short squeezing and selling into strength until all interest in the market is exhausted.  Then they will dump.

Could be weeks before it all plays out.  Check back at the end of the year.

Pretty much this. After watching bitcoin for only six months , I am amazed how grossly the BTC market is being manipulated by Chinese exchanges working together with a handful of deep pockets/mining cartels. From fake DDOS claims , to shamelessly pumped volume to front running and insider trading.Trading bitcoin looks like a bad joke right now.I might even state that bitcoin won't succeed without either decentralized exchanges or heavily regulated/audited ones. And I don't think China is keen on western regulation. Just my 2 cents.
Disclaimer: I bought all my coins from May through October this year most of them below $250 and overall am more than pleased with my investment but I am also done hodling for now.      
  

[luigi1111]

In case you people haven't noticed, we have a bit of a pest control problem with a user formerly known as NotLambChop/lambie who's creating a flurry of newbie accounts to troll the shit out of us.

There's even a list which we sort of gave up on, but if we post the newbie trolls in there it might get updated.

https://bitcointalk.org/index.php?topic=1019752.0

Are we to assume his Junior Member 'yolalanda' account (or whatever it was) is now perma banned?

It must be why he's creating all the new one's?

It's about time he was banned. This forum does have a problem with troll accounts, worst I've seen on any forum.

it was monero holder which trollolololing all the thread in this forum. the same troll bear here with the name of "yourmother" is a known troll which hold monero

Hmm, would you mind backing this up with evidence (any at all will do, even circumstantial)?

hello monero hodler...
sure i will show the proof here is your monero friend's post
https://bitcointalk.org/index.php?topic=178336.msg12876591#msg12876591


then check what coin he has attacked... all anon coin that he attack except monero.

Please tell me you've already capitulated. We need you to reopen shorts when it actually does roll over.

Unfortunately i'm stuck with an altcoin that keeps devaluing because of this bulltard run and i cannot enjoy profiting from this. Bitcoin doubled from the point where i bought, but my altcoin went down 50 percent. If i sell my altcoin so i can dump Bitcoin, then there's a big possibility of seeing 220$ per BTC in the future (of course, after the ponzi collapses), but my altcoin doubling in price (regaining its former value) in the meantime.

Can't do much

 

Oops, that's BTS.

[Torque]

When the market is being controlled by literally one deep pocket whale or a small consortium, it's gonna be a while.  They will take their time, keep short squeezing and selling into strength until all interest in the market is exhausted.  Then they will dump.

Could be weeks before it all plays out.  Check back at the end of the year.

Pretty much this. After watching bitcoin for only six months , I am amazed how grossly the BTC market is being manipulated by Chinese exchanges working together with a handful of deep pockets/mining cartels. From fake DDOS claims , to shamelessly pumped volume to front running and insider trading.Trading bitcoin looks like a bad joke right now.I might even state that bitcoin won't succeed without either decentralized exchanges or heavily regulated/audited ones. And I don't think China is keen on western regulation. Just my 2 cents.
Disclaimer: I bought all my coins from May through October this year most of them below $250 and overall am more than pleased with my investment but I am also done hodling for now.      
  

The BTC market is unpredictable in the short term, but longer term the obvious patterns form.  If you are a long term bull, then trade on the long term patterns.  Buy/accumulate when the market is bottomed and no one cares, sell near top of rallies.  Then be patient to get back in, because a rally bubble can take a while to unwind. A LONG while.  There may even be several mini bull runs/short squeezes along the way, but ultimately the price ends up bottoming out way lower and all volume/volatility dies.

If the rally just started back up right now (4 days after the top), and buying volume suddenly increased out of the blue like what was seen in the last 6 weeks, and the price kept going beyond $500 to new highs, it would be a FIRST in the history of Bitcoin (and would break all long term patterns).  And it would also mean that some BIG reason/news was on the horizon, something only the insider traders know about 4-6 months in advance.  I kinda doubt we are at that place... at least not yet...

[aminorex]

The BTC market is unpredictable in the short term

My monkey says BTC goes down for two weeks more on a daily basis.  He thinks this is probably the start of a downtrend on a weekly basis as well.

Intraday, the monkey wants it to go down for 4 more hours before it turns up.

I agree about longer-term being more predictable in BTC, because my monkey has not done very well on the daily charts, but has generally done pretty well on the weekly charts, in the BTCUSD domain.

EDIT:  FYI, Monkey just flipped to bullish Intraday, expects another 3 hours of upside.

[peonminer]

The BTC market is unpredictable in the short term

My monkey says BTC goes down for two weeks more on a daily basis.  He thinks this is probably the start of a downtrend on a weekly basis as well.

Intraday, the monkey wants it to go down for 4 more hours before it turns up.

I agree about longer-term being more predictable in BTC, because my monkey has not done very well on the daily charts, but has generally done pretty well on the weekly charts, in the BTCUSD domain.

ftfy

[adamstgBit]

When the market is being controlled by literally one deep pocket whale or a small consortium, it's gonna be a while.  They will take their time, keep short squeezing and selling into strength until all interest in the market is exhausted.  Then they will dump.

Could be weeks before it all plays out.  Check back at the end of the year.

Pretty much this. After watching bitcoin for only six months , I am amazed how grossly the BTC market is being manipulated by Chinese exchanges working together with a handful of deep pockets/mining cartels. From fake DDOS claims , to shamelessly pumped volume to front running and insider trading.Trading bitcoin looks like a bad joke right now.I might even state that bitcoin won't succeed without either decentralized exchanges or heavily regulated/audited ones. And I don't think China is keen on western regulation. Just my 2 cents.
Disclaimer: I bought all my coins from May through October this year most of them below $250 and overall am more than pleased with my investment but I am also done hodling for now.      
  

The BTC market is unpredictable in the short term, but longer term the obvious patterns form.  If you are a long term bull, then trade on the long term patterns.  Buy/accumulate when the market is bottomed and no one cares, sell near top of rallies.  Then be patient to get back in, because a rally bubble can take a while to unwind. A LONG while.  There may even be several mini bull runs/short squeezes along the way, but ultimately the price ends up bottoming out way lower and all volume/volatility dies.

If the rally just started back up right now (4 days after the top), and buying volume suddenly increased out of the blue like what was seen in the last 6 weeks, and the price kept going beyond $500 to new highs, it would be a FIRST in the history of Bitcoin (and would break all long term patterns).  And it would also mean that some BIG reason/news was on the horizon, something only the insider traders know about 4-6 months in advance.  I kinda doubt we are at that place... at least not yet...

ya but i'm saying >32,000$ in <2years

if price does not surpass my expectations ( given a little more time than i predicted ) that too would be a first in bitcoin history.  

[ChartBuddy]

Coin

Explanation

[r0ach]

[adamstgBit]

what happens when 5 million bitcoin bulls says " i'll just hit the buy button with 500$ for the hell of it " and then realize they actually wanted to hit buy with 5000$???


were going to mars boys!

[Fatman3001]

what happens when 5 million bitcoin bulls says " i'll just hit the buy button with 500$ for the hell of it " and then realize they actually wanted to hit buy with 5000$???


were going to mars boys!

That looks more like Mars is crashing into the Earth.

[adamstgBit]

when your trading strategy depends on poeple being sensible and not greedy, you're fucked man.

[r0ach]

Woops, left out the macro wedge.  Looks like it's going to explode in one direction or another once the yellow wedge finishes.

[mrkavasaki]

next year we will probably see double digits

so sell from now might be not so stupid

[qwk]

That looks more like Mars is crashing into the Earth.

It also looks like the subsequent crash into Earth will no longer be a problem, since everyone's already been killed by huge tsunamis caused by Mars' gravitational influence at that point

[Fatman3001]

next year we will probably see double digits

so sell from now might be not so stupid

You mean double digits with a K behind?

[Fatman3001]

http://i.telegraph.co.uk/multimedia/archive/02445/mars_2445397b.jpg

That looks more like Mars is crashing into the Earth.

It also looks like the subsequent crash into Earth will no longer be a problem, since everyone's already been killed by huge tsunamis caused by Mars' gravitational influence at that point

Not me. I'll be ON A BOAT!!!

[aztecminer]

http://i.telegraph.co.uk/multimedia/archive/02445/mars_2445397b.jpg

That looks more like Mars is crashing into the Earth.

It also looks like the subsequent crash into Earth will no longer be a problem, since everyone's already been killed by huge tsunamis caused by Mars' gravitational influence at that point

Not me. I'll be ON A BOAT!!!

did you hear that everyone ?? its almost time to buy our boats.

[adamstgBit]