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

[JayJuanGee]

I placed my order around 320.

So what?   What's the purpose of informing us about your pie in the sky expectations and non-specific outline of a plan?

[chesthing]

Warning: I bought back at $402, probable crash incoming because my luck is usually terrible.

Sweet! Wished I could have caught 402.

Gotta set your buys before the price goes there, Pretty damn hard to catch falling knives.

You got that right. I'm up so I'm not complaining. I'm normally 2 bucks under the lows and miss em.

You are not the only one...

I figured it would touch $400 again, $402 seemed a safe bet. I got lucky (for once).

[peonminer]

I placed my order around 320.

So what?   What's the purpose of informing us about your pie in the sky expectations and non-specific outline of a plan?

JayJuanGee be like

[DefendKebab]

I had a small buy order around 404.5 .....





.... but on Finex  

Have some patience, order will get filled.

[JayJuanGee]

On BFX, it's almost as if someone pumped ~$5,000,000 to $10,000,000, just to gain a quick 5% and then dumped again. 

A successful P&D like that is likely to be repeated, but the question  is will it be for a higher buy in price, lower, or the same? 

I think it's likely that it was for considerably more money and performed on multiple exchanges simultaneously.  or it could just be the sum of many players acting independently. It's fun to think about.

Well, since you were threatening to do this with your 6 figures of bitcorns, I'd say you are a likely suspect.

Instead of a suspect,  BjA is acting the goofball with his inflammatory and emotionally laden prognosticating.

[podyx]

I placed my order around 320.

[chesthing]

I had a small buy order around 404.5 .....





.... but on Finex  

Have some patience, order will get filled.

Yeah, but how high will it go before that happens?

[noobtrader]

I had a small buy order around 404.5 .....





.... but on Finex  

Have some patience, order will get filled.

i think you need a backup plan. maybe buy @450 ?

[koryu]

Another up would be crazy. I prefer consolidation here. Let the 4h rsi cool down. Then restart the engine.

[tupelo]

I was honestly surprised that the alleged identification of 'Satoshi' did not cause a significant price drop

[ChartBuddy]

Coin



Explanation

[WeltMaster]

post music that gets you HYPE for bitcoin taking over the world

https://www.youtube.com/watch?v=VoaUYcwEpSw

[billyjoeallen]

Zerohedge has an article on the "stealth devaluation" of the Renmimbi. Reportedly at its lowest value since 2011. It might have something to do with the China pump. I don't see what makes an extremely volatile inflation hedge so attractive, but hey, I don't know what their other options are.

[Fatman3001]

post music that gets you HYPE for bitcoin taking over the world

https://www.youtube.com/watch?v=VoaUYcwEpSw

https://www.youtube.com/watch?v=24DYL83cq54

Ehhh.... I meant:

https://www.youtube.com/watch?v=Rr8ljRgcJNM

[soullyG]

@Richy_T ChartBuddy's halvening countdown is busted again 

[bitebits]

I was honestly surprised that the alleged identification of 'Satoshi' did not cause a significant price drop

Can you explain your thought process why it would?

[600watt]

Warning: I bought back at $402, probable crash incoming because my luck is usually terrible.

Sweet! Wished I could have caught 402.

Gotta set your buys before the price goes there, Pretty damn hard to catch falling knives.

You got that right. I'm up so I'm not complaining. I'm normally 2 bucks under the lows and miss em.

You are not the only one...

I had a small buy order around 404.5 .....





.... but on Finex  

should have used stamp

[inca]

I was honestly surprised that the alleged identification of 'Satoshi' did not cause a significant price drop

Can you explain your thought process why it would?

The same mechanism as satoshi's early coins moving - the unfounded fear of a large market sell would push weak traders to immediately sell their coins.

[jbreher]

Hello there,

Gavin Andresen has just published a new article: Segregated Witness is cool

BULLISH!!!

TL;DR recap:

So… how does all of this help with the one megabyte block size limit?

Well, once all the details are worked out, and the soft or hard fork is past, and a significant fraction of transactions are spending segregated witness-locked outputs… more transactions will fit into the 1 megabyte hard limit. For example, the simplest possible one-input, one-output segregated witness transaction would be about 90 bytes of transaction data plus 80 or so bytes of signature– only those 90 bytes need to squeeze into the one megabyte block, instead of 170 bytes. More complicated multi-signature transactions save even more.

Looks like they're working to double the transaction limits of a block, without a hard fork! This could spell a lot of good news for the every day commerce of BTCitcoin.

Yeah - it's a neat accounting trick. Split the block into the signature, and everything else. Call the 'everything else' the newblock. Put only newblock on the blockchain. Make a new data structure out of the signatures. Sweep under the rug the fact that the blocks are meaningless without the signatures. Ignore the fact that trustless use of bitcoin requires knowledge of, and maintenance of, both the newblockchain and the signature tree - now ever-so-slightly _larger_ than the old blockchain. Pretend you've done something about scalability. Profit!

I must be missing something. Everyone else seems to luuurve The New Hotness.

[marcus_of_augustus]

Warning: I bought back at $402, probable crash incoming because my luck is usually terrible.

no, you'll do fine. Anyone buying the dips since late August has been doing well. This is a simple bull market to play now ... buy the dips.