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

[ImI]

Gmax panic attack yesterday gave some new hope to Core increasing the on chain block limit.

huh, did i miss something?

[Fakhoury]

Gmax panic attack yesterday gave some new hope to Core increasing the on chain block limit.

huh, did i miss something?

Seems to be same here.

[yefi]

in fact I find strange the many thousands of coins lent out on BFX at a rate always <0.00X%.
Don't these lenders think if they are sabotaging themselves lending at so low rates to shorters against their coins value?

I stopped lending when rates on Polo went below 0.04%/day.

I've never known why folk would risk their coins on an exchange for a such a paltry return. Making 2% a year means you trust an exchange not to lose your funds for 35 years.

[angaper]

It's imminent the next arrival to $600. The poll shows that most bitcoiners expect an increase to $1000 at the end of this month, and perhaps it's a good time to become optimistic despite my usual skepticism. 

[European Central Bank]

I thought the polls here had a history of being insanely inaccurate? Still, I guess it's gonna come at some point kinda soon.

[Fakhoury]

[AZwarel]

I have watched the video here https://lightning.network/ and read (partially) the white paper, and if these guys make it work, it will be HUGE! Basically, solving scaling once and forever, and usage for average users. Very bullish ideas for bitcoin as the network and currency in that presentation, and the best part, is that it is still using bitcoin as the core token, so not an altcoin implementation!

Very promising, i encourage you guys to watch that ~52 mins, it made me so excited and bullish - and buying a few more coins :-)

[conspirosphere.tk]

I thought the polls here had a history of being insanely inaccurate? Still, I guess it's gonna come at some point kinda soon.

they are often not properly posed: <100 is also <500 and <1000.
Intervals should be like: 500-600, 600-700, with extremes open like <100 and >1000.   

[DaRude]

I thought the polls here had a history of being insanely inaccurate? Still, I guess it's gonna come at some point kinda soon.

they are often not properly posed: <100 is also <500 and <1000.
Intervals should be like: 500-600, 600-700, with extremes open like <100 and >1000.   

Shhhh as long as we're under $1000 i'm always right

[Ted E. Bare]

China waking up!

[JayJuanGee]

Just bought back in myself.

Just looking at how little BTC is even on the books to sell at the moment, on my current exchange, okcoin, and I'm feeling pretty bullish. Yeah buying at a 2 year ATH sounds really dumb, but this is bitcoin we are talking about, logic doesn't apply!

It is not necessarily wise to go in all at once, but there is a lot of bullish momentum and upward price pressure at the moment, and it surely could be the case that within a week or so you will be more than 10% in the green.

[2015Bubble]

pump within 5 minutes

3777 huobi right now.

[RGR991]

Not a short yet, soon to be in the low 600's though  

4hr candle on Huobi looks like trouble for the bulls though.

[shmadz]

Just bought back in myself.

Just looking at how little BTC is even on the books to sell at the moment, on my current exchange, okcoin, and I'm feeling pretty bullish. Yeah buying at a 2 year ATH sounds really dumb, but this is bitcoin we are talking about, logic doesn't apply!

 logic does indeed apply.

 You mentioned how little bitcoins is available on current exchange..

 once you consider how little bitcoins is available to be mined as new issuance moving forward, then the logic of accumulation at the current price makes perfect sense

 in other news, can you guys please crash this thing already. As low as possible for as long as possible

[shmadz]

Just bought back in myself.

Just looking at how little BTC is even on the books to sell at the moment, on my current exchange, okcoin, and I'm feeling pretty bullish. Yeah buying at a 2 year ATH sounds really dumb, but this is bitcoin we are talking about, logic doesn't apply!

 logic does indeed apply.

 You mentioned how little bitcoins is available on current exchange..

 once you consider how little bitcoins is available to be mined as new issuance moving forward, then the logic of accumulation at the current price makes perfect sense

 in other news, can you guys please crash this thing already. As low as possible for as long as possible

Btw, for those that are new, almost 75% of all bitcoins that will ever exist have already been mined. Many of the very early coins were either lost or will likely never be spent. Sometime next month the rate of issuance will be cut in half, again. After that point there will only be 2.625 million issued over the next 4 years.

If things go badly in the world national fiat system, Fear of missing out will turn to panic. Or bitcoin could fail tomorrow and we discover that inescapable debt is really not a bad thing...

Interesting times ahead.

[savetherainforest]

at some point they will run out of idiots to borrow coins from and then the market can find the monetary premium instead of bouncing along on the cost-of-production floor (which is ever-increasing and soon to be doubling anyway)

in fact I find strange the many thousands of coins lent out on BFX at a rate always <0.00X%.
Don't these lenders think if they are sabotaging themselves lending at so low rates to shorters against their coins value?

I stopped lending when rates on Polo went below 0.04%/day.

Dude .. I made like 2.8% - 3.5% just in a week of trading! And the exchange trading bot holds the prices from both sides always on longs and with a diminishing return scale applied! So when people get scared and panic, that bot makes huge profits! Considering they don't pay fees for any of their transactions!

[2015Bubble]

This entire forum is utterly and thoroughly unreadable third world nonsense broken english gibberish

They spam their bullshit broken english to make a dollar a week from their sig campaign, and couldn't give a flying fuck about Bitcoin.

This is the only semi-readable thread on this entire forum.

And reddit, is well reddit.  A gigantic shithole.  When will there be a decent forum for bitcoiners?

Do you own any btc or meths?
I place my bet on meths

[savetherainforest]

This entire forum is utterly and thoroughly unreadable third world nonsense broken english gibberish

They spam their bullshit broken english to make a dollar a week from their sig campaign, and couldn't give a flying fuck about Bitcoin.

This is the only semi-readable thread on this entire forum.

And reddit, is well reddit.  A gigantic shithole.  When will there be a decent forum for bitcoiners?

Do you own any btc or meths?
I place my bet on meths

Why would you bother with his toxicity? 
Don't you see he is a nutcase craving for attention and not adding positive value to society? 

[2015Bubble]

1880 1.4k sellwall at huobi.
After that m00n

[TERA]

Everyone buy Chinacoin.