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

[JimboToronto]

Wow. Step into the kitchen to prep some food, check back, and see we've breached $480.

Slow down, I've got to eat something (popcorn doesn't count) and get some sleep. 

Actually, screw that, moar rallying please. 

I should get some sleep, too... but difficult with so much price action.

Bitcoin: #1 cause of insomnia. 

[Ch3wbacca]

Euphoria and bias kills. Please try not to be both 

[Chocapic]

Just woke up, I guess I'll spend all day watching charts again ha 
This is so addicting, much more than porn.

[edgar]

sold at 470, then watched it climb up & up!

ugh!

you want bears? cos this is how you get bears!

Should be a time in memorial lesson, never use all your fiat nor sell all your BTC.

just a bit, but it still hurts after being so strong for so long!

psychological damage more than financial but still.  kicks self

where the shills at?  come back!!!

i really need you tonight, forevers gonna start tonight... etc

[Tzupy]

sold at 470, then watched it climb up & up!

ugh!

you want bears? cos this is how you get bears!

Should be a time in memorial lesson, never use all your fiat nor sell all your BTC.

just a bit, but it still hurts after being so strong for so long!

psychological damage more than financial but still.  kicks self

where the shills at?  come back!!!

i really need you tonight, forevers gonna start tonight... etc

I guess you will panic buy at 450$ the next days, which is OK. But you will probably "forget" to sell at 570$...

[zimmah]

the big wow factor will be when >75% hashing power + economic majority HardFork bitcoin to 2MB blocks.

It's already going to 2MB blocks + segwit with 2017 hard fork anyway, which should be an effective 3.x MB block size.  That's why there's not much of a reason to make a big deal out of it unless someone tries to renig.  Also, weak blocks make raising block size not an actual problem and weak blocks is already planned here:

http://coinjournal.net/blockstream-president-adam-back-shares-roadmap-scaling-bitcoin/

There's not even any argument that Bitcoin will or won't be scaled, it's just that people believe core is doing it too slowly, but that's just how it is when you actually have to develop and test things first for something where you make a mistake would implode billions of dollars.

There is no guarantee it will happen it can only happen if mostly everyone wants it to happen. that much has been made clear as day in the past year. ( to the point were people are afraid nothing can ever happen because getting "mostly everyone" to agree is "impossible" )
when the HF happens and we get our first 2MB block 10mins later.
people's heads will explode.
dont kid yourself the 2MB HF will be a BIG DEAL.

lol, big deal yeah, massive dump.

but it aint going to happen, gonna need a tad bit more than a buncha whiny shits to fuck with Bitcoin.

it's funny how back when they reduced the capacity from 32 to 1 MB a few years back as a 'temporary measure against spam attacks' no one cared, but when we need to up it to 2 MB it seems to be a large debate over nothing.

Seriously, why is everyone making such a fuzz about it.

[LFC_Bitcoin]

Just checked the price for the first time since yesterday & it's gone up $20

Nice little surprise to wake up to. When is ETH able to be sold? We could break $500 if people take profits & pile back into bitcoin.

[Denker]

Just checked the price for the first time since yesterday & it's gone up $20

Nice little surprise to wake up to. When is ETH able to be sold? We could break $500 if people take profits & pile back into bitcoin.

Haha yeah the same with me.
I woke up, switched on the computer and checked the price. Holy cow!!
I was immediately 100% awake.No coffee was needed anymore.
But question is if we will continue climbing or if we will see some bigger correction soon.
I hope we climb a bit more and consolidate after that down to 465 as the new bottom for future upwards movements.
"Nice" margin calls by the way.Some bears got kicked in the butt pretty hard.

[LFC_Bitcoin]

Just checked the price for the first time since yesterday & it's gone up $20

Nice little surprise to wake up to. When is ETH able to be sold? We could break $500 if people take profits & pile back into bitcoin.

Haha yeah the same with me.
I woke up, switched on the computer and checked the price. Holy cow!!
I was immediately 100% awake.No coffee was needed anymore.
But question is if we will continue climbing or if we will see some bigger correction soon.
I hope we climb a bit more and consolidate after that down to 465 as the new bottom for future upwards movements.
"Nice" margin calls by the way.Some bears got kicked in the butt pretty hard.

Yeah I'm feeling pretty smug thinking about all the shorts that are getting squeezed. Where the shills/trolls at?

[600watt]

And according to wisdom's FX rate Whoboi just broke $500  

Half way to the second $1k party?

did someone mention btc1k party? 

[marcus_of_augustus]

Yeah I'm feeling pretty smug thinking about all the shorts that are getting squeezed. Where the shills/trolls at?

The big short who was paying them just got scorched by the dragon ... they'll be licking their wounds for a while.

[600watt]

in the last 21 months price was higher than now only one fkn day!


 

[LFC_Bitcoin]

in the last 21 months price was higher than now only one fkn day!

Wow, that's nice to read. Lets not stop now though, I'd like to see a big push over the weekend to get through the 500 barrier.

[orpington]

in the last 21 months price was higher than now only one fkn day!

Wow, that's nice to read. Lets not stop now though, I'd like to see a big push over the weekend to get through the 500 barrier.

Nah, 2 weekends then for sure.

[finkelsteinMonster]

Yeah I'm feeling pretty smug thinking about all the shorts that are getting squeezed. Where the shills/trolls at?

The big short who was paying them just got scorched by the dragon ... they'll be licking their wounds for a while.

Where're eth pump trolls today?

Pumping bitcoin. Variety: the spice of life

Guys, how's about some help? y'all forgotten how to pump?

Bitcoin (BTC) $474.37 5.01%
http://s33.postimg.org/stw03s267/congrats.gif

[dreamspark]

And ETH simultaneously dying.

so many ETH bag holders now down at least 30%.

Such a classic pump and dump tactic. Get people to buy a coin to lock it up in something (DAO, masternodes) then dump it while a huge number of people cant access their coins.

[marcus_of_augustus]

And ETH simultaneously dying.

so many ETH bag holders now down at least 30%.

Such a classic pump and dump tactic. Get people to buy a coin to lock it up in something (DAO, masternodes) then dump it while a huge number of people cant access their coins.

yeah, smells a lot like wall st. is all up in that ETH b.

[600watt]

 

[sx100]

in the last 21 months price was higher than now only one fkn day!

Wow, that's nice to read. Lets not stop now though, I'd like to see a big push over the weekend to get through the 500 barrier.

Now we are past the 3000 yuan barrier on the Chinese exchanges $500 won't take much of a push. It's the Memorial Day holiday on Monday in the US so they will have extra time for trading. A big push through an extra long weekend in the US might get through the 500 barrier.

[Denker]

And ETH simultaneously dying.

so many ETH bag holders now down at least 30%.

Such a classic pump and dump tactic. Get people to buy a coin to lock it up in something (DAO, masternodes) then dump it while a huge number of people cant access their coins.

That's why I always say "Let the shills do their parade and chanting".Stay with the BTC giant and watch the show from sideline.
This whole DAO thing was/is such an obvious bastardized scheme imo that a lot of people who fall for this will get hurt really really bad.
Pretty hard way to learn a lesson.