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

[gentlemand]

Battered but not necessarily dead. I'm very intrigued to see how it's all going to pan out.

FULL DISCLOSURE - I once bought 0.012 of ETH cos I was testing out an exchange. I owned it for 2.4 minutes.

[Fakhoury]

Ethereum is dead my child

I doubt it.

You're an ETH HODLER according to your post history.

I'm not opposing toknormal view towards ETH, but I'm in deep love with Bitcoin Maximalists

[toknormal]

There's no crypto in existence that doesn't require luck  

I would have dumped it if it had been broken but it wasn't - it worked perfectly despite a massive fail in a contract logic. For that reason I hope they don't fork it.

[Fakhoury]

There's no crypto in existence that doesn't require luck  

I would have dumped it if it had been broken but it wasn't - it worked perfectly despite a massive fail in a contract logic. For that reason I hope they don't fork it.

LFC_Bitcoin :- My brother, although as you know me, Bitcoin Maximalist, but we've been there before, it's growing pain for them.

But still, we are the outperformers

[toknormal]

I'd  have about 1 tenth of the holdings I currently hold if I'd just stuck with bitcoin.

Fact is, there's no portfolio of any type in any asset sector that doesn't benefit from diversification and hedging. I've made plenty of criticisms about Ethereum but mainly in the area of monetary properties. I don't have any problem with it as a technology asset - thats the way I think of it.

[dumbfbrankings]

ETH is actually pretty cool (early investor, non-holder).
But look at CNY/BTC 24h volume: approaching 1.5m.
USD/BTC 24h volume: 30k.
That is 50x USD volume.
Yesterday was 20x.
China doesn't care about ETH.

Those CNY volume numbers are rock solid too.

@toknormal: Will be interesting if this is the laboratory for a true fork of a sizable network. The only principled decision is to be firmly against the blacklisting and the bailout/reversal of TheDAO's failure. If PoS needs to get tabled for a while/indefinitely, maybe that's what happens.

[toknormal]

@toknormal: Will be interesting if this is the laboratory for a true fork of a sizable network. The only principled decision is to be firmly against the blacklisting and the bailout/reversal of TheDAO's failure. If PoS needs to get tabled for a while/indefinitely, maybe that's what happens.

That was my opinion as well, but the devs seem desperate to save the DAO funds. I wouldn't be so hasty - it's a massive precedent to set. I think they might be worried about that amount of coin ending up in one pair of hands, but - tough.

Doesn't matter. You win some, you lose some but you must be hedged. Thats essential.

Bitcoin has its own problems coming up - Lightning network. Thats gonna be a complete nightmare. Sidechains are also a total clusterf*ck that have nothing to do with good monetary properties.

So I just think people should not get too cocky when watching others slip into an unexpected pool of quicksand because there will be one waiting for them right around the corner.

[jojo69]

I can't even believe this thread is still going...lol

[Tzupy]

This strong rally has attracted only minor attention:

[JayJuanGee]

This strong rally has attracted only minor attention:

Why don't you identify about what the chart refers?

[rumpey]

This strong rally has attracted only minor attention:

Why don't you identify about what the chart refers?

It looks like the bitcoin days destroyed chart, but without a vertical axis scale I can't be sure.

This is the days destroyed chart from blockchain.info, it follows the same pattern as tzupy's but with more detail.

[jojo69]

google searches??

[yefi]

It would be highly surprising if we don't experience a bullish correction during this rally. I have the top at 789.78 on finex. We are hovering in the 750's.

I have bids at ~614 (50%) and ~572 (61.8%). They may not get hit which is fine. No one ever went bankrupt taking profit. Keeping a close eye in case i have to pile back in :-)

If you zoom the charts out, from the ATH to the post-bubble lows, we've now hit the 0.618 fib line on most exchanges. Definitely the potential for a reversal here, and I haven't thought that at any point previously in this rally. If we can break 800 we should be good though.

[rumpey]

google searches??

I tried that but the best google could do was link to tzupy's image and say the best guess is that it's a diagram.

[Ted E. Bare]

Bitcoin Block Reward Halving Countdown:
Only 20 more days!

Reward drop ETA: Sun, 10 Jul 2016 01:11:43 GMT

[yefi]

google searches??

I tried that but the best google could do was link to tzupy's image and say the best guess is that it's a diagram.

lol no, he means google trends dude.

[jojo69]

thanks yefi...yes

[dumbfbrankings]

$800 2nite?

Well, thanks for asking, dumbfbrankings.  I was able to sell several coins on the rise from around $670 to $778...

That's a tidy profit of several hundred dollars. Nice work JJG, keep it up, I'm proud of you. 

Well, my perspective is a bit different from that. 

We're all entitled to our own opinions, however wacky. It is how the IRS views it, tho.

[BlackSpidy]

So, I made it out of this rally with the same USD amount my stash was worth when this started... but I kept 45% of my btc stash. That was great.

Yea, right  

Bitcoin will never reach $700 again. This is why I have liquidated my position in Bitcoins. There is very little upside going forward. Block size limit is too low. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.

Urm... I did keep my BTC. That thread was a parody on this one (Bitcoin will never reach $20 again). Come on.

I call shenanigans.

Ding Ding Ding! Congratulations! You win a price, friend.

[...]
I think we might see it just barely touch $700 at the incoming pre-halving pump (which will be followed by a nasty, delicious-price-providing crash).
[...]

[ssmc2]

Reversal or fakeout?