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

[spooderman]

where is chartbuddy man?

[Meuh6879]

[yefi]

I don't know.  How do you explain it?

Without recourse to excuses 

[arcathomas]

Bitcoin is probably going back to 440$ today and then falling down to ~400$ in the next few days

[PoolMinor]

[Chef Ramsay]

13,822 BTC shorted on Finex. 

When history doesn't repeat itself, these suckers are gonna be #rektforlife. And this just may be that time.

Logged in to post that. Shorting bitcoin is a really great idea every single time until..oh shit.

Stop spreading misinformation

Obviously touched a nerve.

[JayJuanGee]

Bitcoin is probably going back to 440$ today and then falling down to ~400$ in the next few days

Could be, but you seem to be engaged in wishful thinking rather than reality - because it seems to have taken quite a bit of coins and clarification of the XT/Classic related propaganda and misinformation to get to this point.. and the momentum is currently upwards, including based upon some public opinion that is buying less and less into the propaganda of bitcoin having some kind of "scaling problem" disquised in discussion of bitcoin's supposed "governance problem".. In fact, the technical scaling "problem" has been realized as really a made up idea that never really existed to anywhere near the extent that people were making out to be, and the governance "problem" is being discovered to be a feature rather than a bug.. to stop changes (or take overs) from easily being achieved...

Yes, we could get a dump of 1000 or 2000 or even 10k coins, and experiencing dumps like that would really give a sense regarding whether there is sufficient upwards support, but in the end, it is really difficult to buck trends .. and maybe we gotta at least get into the $450s to $460s.. .to figure out if there is enough momentum.. to bring us up... volume is picking up a little bit, but it remains kind of low, currently.

[yefi]

14th Jan 2016: $429.74

Bitcoin... has failed	The death spiral begins	Bitcoin has no future
Bitcoin has entered [...] a crisis of the core system, the block chain itself.	the long term trend should probably be downwards.	the network is on the brink of technical collapse.

20th April 2016: $441.09

...

[bobabouey2]

GBTC at all time high.  https://finance.yahoo.com/echarts?s=GBTC#{"range":"max","allowChartStacking":true}

Based on yesterday's close, a near 45% premium.  http://grayscale.co/bitcoin-investment-trust/#market-performance

[gentlemand]

That's still a thing? I haven't heard much about it for a long, long time. I wonder how many people actually own any.

[AlexGR]

...<Mike Hearn crap>...

+

I don’t believe fees will become high and stable if Bitcoin runs out of capacity. Instead, I believe Bitcoin will crash.

Mike Hearn on May 7th 2015

https://medium.com/@octskyward/crash-landing-f5cc19908e32#.bxovk7dwr

On a related discussion, back then, about the above FUD/"prediction".
=>

We've actually hit the soft limit before, consistently for long periods and did not see the negative effects described there (beyond confirmation times for lower fee transactions going up, of course).
....
The comments about the filling up memory stuff are grimly amusing to me in general for reasons I currently can't discuss in public (please feel free to ping in six months).

[aztecminer]

bitcoin still has a flaw that it cannot scale.. you can take that anyway you want to. .. if its fud well too bad.. bitcoin still cannot scale. i have the intelligence to understand and accept this fact, while you on the other hand only have the intelligence to insult people who disagree with you. i think my little seven year old niece can do that and her brain isnt even fully developed yet.

once again, it doesnt matter if the price goes up since i am sitting on a pile of coins in cold storage.. if the price were to go lower to a point i feel is a buy then i might buy more. what i am not going to do is sit here an come up with different bullshiat to lie to myself and everyone like you do everyday.

+1 Aztecminer is exactly right and I am in the same position. You can keep pumping and make my cold storage coins more valuable if you want, but I'm not putting in one more dime until scaling gets fixed and it's not fixed.  

Yeah... you are like two dumb peas in a pod.  

Good luck with that lack of perspective ....

seems to be working for me. i really do have a good pile of coins from mining. any new coins i would potentially buy would most likely go to trading anyways. maybe i might dump some more into cold storage if i get them. i don't know for sure cuz i feel bitcoins flaw that is NOT being addressed is a serious problem. i believe it introduces a risk. i'm not desperate for coins which is why i don't have to buy. its more like you are the dumbass juan that you can't see that strategy working fine. i keep a small amount of cash liquid on exchange in case something happens, or i decide to do something. silver is moving up too. i told everyone to buy silver when it was $14.50.. that happened to be the bottom. silver cruised through $16.00 like it wasnt even there yesterday. i wouldnt be surprised if this latest bitcoin pump was a manipulation to keep tardedbrains like juan from buying silver. btw juan, did you know i have a character in one my books name juan de lupio ?? .. kinda reminds me of you.. ROFL ..LOL.. don't get lost on your way to Antarctica juan!

[aztecminer]

I would not underestimate the block reward halving. This is a serious event.

i believe it is serious that they are holding back the scaling fix too. there is a reason why they are not addressing that problem with anything more than just talking about what they doing or going to do. that reason is not readily apparent yet.. in time it most likely will become evident though.

[GGALINff]

GBTC at all time high.  https://finance.yahoo.com/echarts?s=GBTC#{"range":"max","allowChartStacking":true}

Based on yesterday's close, a near 45% premium.  http://grayscale.co/bitcoin-investment-trust/#market-performance

it is not at an all time high

[aztecminer]

the 3k Wall on 440 on bitfinex is a good chance to get cheap coins.

really ?? 440 is cheap coins ??

[bobabouey2]

That's still a thing? I haven't heard much about it for a long, long time. I wonder how many people actually own any.

It is nice to have some bitcoin in a tax deferred account.  If you think the bitcoin value or GBTC premium to NAV has gotten too high, you can trade out without any tax hit.

[GGALINff]

That's still a thing? I haven't heard much about it for a long, long time. I wonder how many people actually own any.

I do own some

[bobabouey2]

GBTC at all time high.  https://finance.yahoo.com/echarts?s=GBTC#{"range":"max","allowChartStacking":true}

Based on yesterday's close, a near 45% premium.  http://grayscale.co/bitcoin-investment-trust/#market-performance

it is not at an all time high

Guess you are right looking again, the max function on yahoo finance chart doesn't seem to be showing the whole period.  Getting close though!

[2015Bubble]

[celes8]

FOr those who bought on quarterlies the past week before yest are at risk of getting margin called at $458-462 range.