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

[JayJuanGee]

looks like the triangle has broken down
but it feels like technical traders are being fucked with.

when 460 resistance becomes a support line all hell will break loose

🙈🙉
Best trading strategy.

Haha pretty much...Ethereum is taking over, people.

You can't even buy drugs or alpaca socks with that. I bet DAO will fail because there is literally no business on ether network. It'll take a couple of months before the poisonous bagholders show up.

The Ethereum network is built for apps to be built on top of. We always hear Antonopolous talk about the first "killer app"...well DAO is it and it's only on Ethereum. The Ethereum platform will build many of these killer apps and these will create a network effect on the Ethereum network. You are already seeing this with the DAO and companies like slock.it and Mobotiq

WOW!!!

Even dee funky is turning into an ETH/DAO pumper.   

Yes, surely there can be a lot utility in respect to a lot of applications, and so many of these applications remain so much in their early stages, it is going to take several years for them to play out.  They can definitely compliment bitcoin, but so far beyond hype, they are not really taking anything meaningful away from bitcoin.  Some are going to argue price, but so what... Price takes a while to have its ups and downs, and BTC will remain successful whether or not it achieves a 5x or a 10x in the next 12 months.

good luck to those pumping and dumping ETH, and you are likely in for a lot more short term volatility than bitcoin .. but yeah, let's see how the price directions and developments play out for each.

[r0ach]

Non-stop spam of 1 star shill accounts spamming about Eth.  Must mean the Ethereum price is maxed out and collapse imminent.

[Denker]

Good morning Bitcoinland.

Massive $5 plummet overnight I see. I'm surprised the teddy trolls aren't picnicking.  

Seems we've been hovering around $450 for 3 weeks now. It also seems every time some manipulator dumps thousands of coins at once in an attempt to start a panic, it fails and the price bounces back quickly to nearly where it started.

Yepp that sums it up pretty good I think.
First time I'm online today.Checked the price and saw we are a bit lower.Then I watched the charts of the big exchanges and was of the impression that this was just another attempt to dump the market.But the resistence is strong and the chinese are already back over $450/2960 CNY.

[Hyperjacked]

Good morning Bitcoinland.

Massive $5 plummet overnight I see. I'm surprised the teddy trolls aren't picnicking.  

Seems we've been hovering around $450 for 3 weeks now. It also seems every time some manipulator dumps thousands of coins at once in an attempt to start a panic, it fails and the price bounces back quickly to nearly where it started.

Just another day in the life...Cheers BTC holders 

[Andre#]

Great piece on some of the legal issues related to the DAO.

http://www.bloomberg.com/view/articles/2016-05-17/blockchain-company-wants-to-reinvent-companies

I particularly like this:

But what if an impecunious owner of a Mobotiqmobile rents it to her impecunious peer, and it autonomously crashes into a bus full of children? What if they sue? What if Mobotiq, and the owner and the renter, don't have enough money to pay their damages? (Presumably the car has no money.) What if the insurance that Mobotiq is required to buy under the smart contract turns out to be worthless because someone filled out a form wrong? What if the only deep pockets anywhere near the accident are those of the DAO itself? What if the DAO has spent all its money on a pyramid scheme, and the only deep pockets are those of the DAO's individual investors?

At that point, the DAO might want to know what its relationship is with Mobotiq, not in terms of "immutable, unstoppable, and irrefutable computer code," but in terms of traditional corporate structures under relevant local law. Is Mobotiq a division of the DAO, identical with the DAO for liability purposes? Is it a separate corporation in which the DAO has a (limited liability) equity investment? The DAO's investors, similarly, might now be keenly interested in whether they are in fact general partners in the DAO under local law. Because general partners tend to have unlimited liability for their partnership's misdeeds. Even if the smart contract says otherwise. Without the protections of limited liability based in local law, all you have to rely on is cryptography.

I also think the potential legal liability of the "curators" is going to be interesting.

Thanks! That's a great read.

[doc12]

Would you be so kind and post about Eth in the ALTCOIN-Section ?  Thanks

[USB-S]

Would you be so kind and post about Eth in the ALTCOIN-Section ?  Thanks

this ^^^^^

I come here to get my bitcoin fix, eth isn't as clean of a drug as btc is. Vitalik fucked that one up for me. I heard he is retarded.

[Hyperjacked]

https://twitter.com/Dustin_Byington/status/733310478080860160

get ready 


https://www.reddit.com/r/ethtrader/comments/4k1uz3/coinbase_added_a_new_endpoint_for_their_api/

sup pump! Been a long time...Cheers

[UngratefulTony]

BTCE hit $457 and OKcoin is $455 so the 3rd world exchanges are no longer behind the west for the first time in like a month.  Price is definitely going up.

Nailed it one more time!

If those pesky israeli bankster trolls didn't follow his posts and manipulate the market to make him look silly... he would have been right, you know.

[thefunkybits]

good luck to those pumping and dumping ETH, and you are likely in for a lot more short term volatility than bitcoin .. but yeah, let's see how the price directions and developments play out for each.

Of course, im still bullish on BTC, and I plan on dumping some profits back in before the halving.

But for those of yall on the sidelines, don't be surprised to see ETH go to $50 each before that happens

[peonminer]

Oh bitcoon, sweet honey badger songs you play

[Hyperjacked]

Gotta love the 2 month BTC chart...getting some flashbacks

careful honey badgers...don't get bit in da butt!

[peonminer]

Countdown to halvening??

[adamstgBit]

Countdown to halvening??

what halvening? ETH doesn't halve...

[peonminer]

Countdown to halvening??

what halvening? ETH doesn't halve...

hahaha low blow bro

Poor BTC ; ( haha yeah right. Whales are Uber collecting right now... this BTC pump in July will be raunchyyy!!!

[JayJuanGee]

good luck to those pumping and dumping ETH, and you are likely in for a lot more short term volatility than bitcoin .. but yeah, let's see how the price directions and developments play out for each.

Of course, im still bullish on BTC, and I plan on dumping some profits back in before the halving.

But for those of yall on the sidelines, don't be surprised to see ETH go to $50 each before that happens

Wow... that sure is ETH bullish... I mean, yeah, we can see some kind of connection between ETH and BTC... and even alts are likely to be absorbed into BTC over the years.

https://bitcoinmagazine.com/articles/features-from-the-most-popular-altcoins-are-planned-for-bitcoin-1463675591

Nonetheless, your prediction is quite scary, and I doubt that it is a very good time to be buying ETH .... but sure markets can remain fairly irrational for a long time.

[thefunkybits]

good luck to those pumping and dumping ETH, and you are likely in for a lot more short term volatility than bitcoin .. but yeah, let's see how the price directions and developments play out for each.

Of course, im still bullish on BTC, and I plan on dumping some profits back in before the halving.

But for those of yall on the sidelines, don't be surprised to see ETH go to $50 each before that happens

Wow... that sure is ETH bullish... I mean, yeah, we can see some kind of connection between ETH and BTC... and even alts are likely to be absorbed into BTC over the years.

https://bitcoinmagazine.com/articles/features-from-the-most-popular-altcoins-are-planned-for-bitcoin-1463675591

Nonetheless, your prediction is quite scary, and I doubt that it is a very good time to be buying ETH .... but sure markets can remain fairly irrational for a long time.

We will have to see how it plays out. Remember, Litecoin went to $50 on nothing (and almost a billion dollar market cap). Ethereum is currently at a billion dollar market cap (http://coinmarketcap.com/) and its a platform loaded with apps built upon smart contracts, I think it could easily surpass the interest that we saw in Litecoin.

Anyways, Im done posting about Ethereum as this is the Bitcoin Forum after all

Goodluck to all BTC and ETH hodlerz

[USB-S]

Remember, Litecoin went to $50 on nothing

Goodluck to all BTC hodlerz

So what, bitcoin went to $1k on nothing.

[adamstgBit]

because of the DAO, Ethereum has become self aware, in 1 hour it will initiate a pump, the scale of which the crypto world has never seen.

[pariahbit]

because of the DAO, Ethereum has become self award, in 1 hour it will initiate a pump, the scale of which the crypto world has never seen.

That's actually not far from the truth. With DAO, ETH has a non-drug, non-pedo, non-criminal unique use case scenario.
DAO createsa  demand for ETH, ETH enables DAO... a symbiotic, self-pumping mechanism; one step closer to a closed0loop economy.
*But BTC is totally better, because community