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

[savetherainforest]

So, we have 38 days until the halving. Price is at ~$530. KNC just went Bankrupt, There is no scaling solution. Is it realistic to expect moon? I think maybe we'll have moon like October, but I don't see really anything hugely positive unless all the demand comes from China due to ongoing currency devaluations. I'd like to see another leg up this weekend but I'm not sure anymore.

Think this with logic... If China miners control most of the coin production. The exchanges will have supply problems! Meaning they will need to pour dollars/euro's towards China! And I don't think the commies know how valuable is bitcoin... so they will gladly accept dollar/euro "illusion money" to boost their yuan "illusion money". But assuming extracting coins from China exchanges won't be challenged by bureaucratic interventions... it will boost price in China as well and also it will boost the price in the West because they still have to do traditional banking that needs 2-3 days for international transfers to take place. Or the second option is that they need to buy directly from miners on the down low, hush.. hush... or from actual citizens... that will have the same effect mostly ... like 1-5 days delay and exchanges all over the world will have supply issues. Or there might be a 3rd option where the China miners already are involved in the West trading markets and will bring the coins directly to the West but for the same price or a better price than their own exchanges! So all scenarios point to higher prices for Bitcoin purchase!

[soullyG]

Page after page of Lambie sockpuppets - big move coming sooooooon

[hdbuck]

Page after page of Lambie sockpuppets - big move coming sooooooon

yeup, put the desperate creep on ignore and dont feed it.

[glorywhole]

Page after page of Lambie sockpuppets - big move coming sooooooon

yeup, put the desperate creep on ignore and dont feed it.

Egyptian police arrest a man for trading bitcoin on localbitcoin

this is the guy account https://localbitcoins.com/accounts/profile/btc2okpay/

it seems that they contacted him on localbitcoin then they arrested him in the meeting

they released this statement about him
 (Google translate may help you if you want to follow the full story)
https://facebook.com/MoiEgy/albums/1101763136534015/

it seems that bitcoin is going to be illegal in Egypt soon !

If he was trading, there must be genuine demand in the Middle East.
Bullish?

[tomothy]

$535 floor too strong.  It's going to jump back into this channel again:

I wanted to ask more about your thoughts on this possible jump back into the above mentioned channel; then the price rose ~$4 lol. What is the range of that channel that we would expect it to stay within, 3620 - 3580 ish? It seemed before that 3600 was acting as support until it broke.

[glorywhole]

Careful with Coinbase, gentlemen. They do, indeed, cooperate with The Man to the fullest
http://www.forbes.com/sites/laurashin/2016/05/30/mystery-solved-6-6-million-bitcoin-theft-that-brought-down-dark-web-site-tied-to-2-florida-men/#6f5d655553bb
Mystery Solved: $6.6 Million Bitcoin Theft That Brought Down Dark Web Site Tied To 2 Florida Men

"In response to a subpoena, Coinbase revealed the owner of that address was Gibson, that the account was linked to one at Bancorp Bank and that from late December 2013 to late January 2014, Gibson had deposited more than 842 bitcoins valued at more $646,000.

He also was using the same IP address as Coinbase customer Mackert, who also linked his account to a Bancorp Bank one, and who, from late December to late January, had deposited more than 1,016 bitcoins valued at more than $670,000. (The price of bitcoin fluctuated quite a bit during this period from $700 to more than $1,000.""

[JimboToronto]

A late good morning Bitcoinland. Still going sideways.



Coiling again. Weekend rise?

[r0ach]

$535 floor too strong.  It's going to jump back into this channel again:

I wanted to ask more about your thoughts on this possible jump back into the above mentioned channel; then the price rose ~$4 lol. What is the range of that channel that we would expect it to stay within, 3620 - 3580 ish? It seemed before that 3600 was acting as support until it broke.

The position to be taken is not to be mistaken for attempted financial advice or education, only a description, just an observation, of price movement in this thread of Jewish shill degeneration.

[JayJuanGee]

So, we have 38 days until the halving. Price is at ~$530. KNC just went Bankrupt, There is no scaling solution. Is it realistic to expect moon? I think maybe we'll have moon like October, but I don't see really anything hugely positive unless all the demand comes from China due to ongoing currency devaluations. I'd like to see another leg up this weekend but I'm not sure anymore.

I'm giving you some benefit of the doubt, here, by responding... and in essence, you appear to be very deluded in your perspective.....


In that regard, you seem to placing way too much importance to a scaling non-issue that has become a talking point for big mouth trolls, financial shills, bitcoin denialists, ETH pumpers, deluded persons, bears hoping for the price to go down, and misinformed folks.  

I could give you the benefit of the doubt by considering that potentially, you are a misinformed folk... and regarding the misinformed folks, some of them are more genuine than others concerning their legitimately being confused by this non-issue that has been made into an issue and overhyped.

Rather than scaling, as an issue, you should consider that bitcoin recently passed through the upper $400s resistance point.. and it did so over several months and after fighting off quite a bit of FUCD spreading..  Depending on how far you zoom out, this has not really been an overly radical price increase, so support seems pretty decent at this price point and puts bitcoin in a very decent place for an upward price launch..

Of course, nothing is for certain in bitcoinlandia - especially when we have manipulators and disinformation spreaders...  but when you are talking about some kind of probablistic crash based on some fabricated scaling issue, you are really talking about a scenario that is less likely over an issue that is largely resolved.. and in that regard, if we have some kind of crash, some kind of real technical problem with bitcoin needs to be identified, or the FUCD spreaders are going to have to come up with something that is convinces normal persons to sell, because currently BTC's price pressures are upwards, and not downward, as you seem to be asserting with your superficial yesterday's news depiction of Bitcoin's current situation.

[Paashaas]

Blockchain announces alpha release of Lightning Network 

Hate it ore love it, Bitcoin will go from 7ts to 100kts+.

https://cointelegraph.com/news/the-crack-of-thunder-blockchaincom-announces-alpha-release-of-lightning-network

[gentlemand]

Not that I really know sod all about it, but I was under the impression that lightning network type stuff needed segwit?

[nioc]

Blockchain announces alpha release of Lightning Network  

Hate it ore love it, Bitcoin will go from 7ts to 100kts+.

https://cointelegraph.com/news/the-crack-of-thunder-blockchaincom-announces-alpha-release-of-lightning-network

Does that need segwit?  Is it April yet?

Edit: slow I am.

[gentlemand]

Ah, I missed the article's final paragraph - "However, one very important note is that until both CSV and SegWit are implemented on the Bitcoin blockchain, transactions are not enforceable at the bitcoin protocol level.

Therefore, Blockchain says that “the current Thunder prototype is best suited for transactions among a trusted network of users and should not be used for real payments.”

So only fuck know how many months more to wait.

[nioc]

Slave report.  I am currently in Riverside Park overlooking the placid Hudson River on a 1-2 hour break in my 15 hour work day.   I wonder what the price will be next week.  I wonder if I will be working on my day off tomorrow.

[bitebits]

Slave report.  I am currently in Riverside Park overlooking the placid Hudson River on a 1-2 hour break in my 15 hour work day.   I wonder what the price will be next week.  I wonder if I will be working on my day off tomorrow.

All your money won't another minute buy.

[dumbfbrankings]

ffs how many new noobs account has that govvy piece of shill created?

plz dont quote or respond to that rat.

I've ignored at least 25 trolls in this forum, these people are sick.

Are you a troll?

Another dickhead ignored :-)

IGNORED



Psst...  Segwit in April

[Paashaas]

Ah, I missed the article's final paragraph - "However, one very important note is that until both CSV and SegWit are implemented on the Bitcoin blockchain, transactions are not enforceable at the bitcoin protocol level.

Therefore, Blockchain says that “the current Thunder prototype is best suited for transactions among a trusted network of users and should not be used for real payments.”

So only fuck know how many months more to wait.

I understand youre frustration, it feels like ages. Segwit is under testing atm, i dont mind that it takes so long because going from 7ts to 100k+ is not a small step but a major mega upgrade just grasp that thought for a while. When its ready it shoud be working correctly as intended so no money will be lost. That disign process can take some time.

I see LN/thunder as an extra payment option for the millions of sheeps, storing ore keeping coins save is for alot of ppl ''to hard to handle ore just FUBAR'' You can also use Bitcoin on the normal way, perhaps it will more suitted for larger transactions.

[gentlemand]

I understand youre frustration, it feels like ages. Segwit is under testing atm.

I can understand why it takes time, but my prime annoyance would be others holding its implementation hostage to force other changes. I read one of the Chinese pools were saying they wouldn't drop it in without a block size increase too. No doubt there'll be the r/btc freaks clubbing together to fuck things up too. Then we have another few years of pointless dicking around and playground diplomacy.

[Hunyadi]

It's great that LN-tech is going forward. I just wonder, if Blockchain.info is kind of trying to steal Blockstream's thunder with their Thunder  (Ver Vs. Core)

[dumbfbrankings]

I understand youre frustration, it feels like ages. Segwit is under testing atm.

I can understand why it takes time, but my prime annoyance would be others holding its implementation hostage to force other changes. I read one of the Chinese pools were saying they wouldn't drop it in without a block size increase too. No doubt there'll be the r/btc freaks clubbing together to fuck things up too. Then we have another few years of pointless dicking around and playground diplomacy.

Jihan of Bitmain says he won't activate segwit until a HF to 2MB for activation in July 2017 is released by core. You should be thanking him for calling Blockstream's bluff (the HK Agreement farce). If miners continued to have zero spine, you really will have 1MB4EVA with all kinds of soft fork cruft and kludges to do whatever is best for Blockstream's products and interests. A hard fork is sort of an election in upgrade policy, you have to wonder why the incumbents are hell bent on not having that election.

It's really baffling to see long time Bitcoiners be so trusting of this one organization. A company that has taken 76 million dollars from legacy finance and venture capitalists... for what exactly? What product do they offer? What is their revenue stream? So... much... trust. From a group that is almost comically distrustful of everything else. Soft forks don't require the permission of anyone but a handful of mining pools, and this is the precedent we want to set for our "decentralized" system. And you wonder why "freaks" are complaining... smh.