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

[Hunyadi]

The amount of FUCD and general misinformed/malicious negativity that has been spread about the halving means there will be a relief rally of some sort when it turns out to be a nothing more than a quite boring, uneventful clicking over of the time-stamping calendar and everything works as advertised on the tin.

For those of us that have been around for the first one it isn't even a consideration but there are probably a lot of new faces who will be apprehensive about the deflationary mechanism in the bitcoin algorithm until they see it work with their own eyes.

Actually, the last halving coincided with the release of ASICS, which probably smoothed over the transition. So we might see a bit more of a slowdown this time around, but I don't expect any major issues.

Well the ASICs started getting released a few months after the halving (Avalon) and not really in large quantities. It all happened around the april 2013 bubble. In early 2013 FPGAs still dominated the mining scene, with GPUs switching to LTC (Scrypt). It became an ASIC only game in late 2013 when they started being available en masse. So a full year after the halving.

Ok, it appears you are right.  Halving end of November and Garzik got the first ASIC for reviewing in January.  I still wonder if some of the producers might not have used the preorder money to manufacture the chips and already started mining before announcing successful production and shipping to customers.

FPGAs never dominated. The were not that much more efficient compared to GPUs.

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[Hunyadi]

IT DOESN'T LOOK GOOD!

If you want to have any gains from bitcoin or avoid further losses, then you should sell all your bitcoins now. We are in a clearly confirmed long term downtrend toward historical analysis lows based on all confirmed forum data and databases confirmed by all government sources. These are just the facts.

Been hearing that kind of talk for almost 4 years lol,,, they keep getting proven wrong...

Edit: and mix in all the other alts etc. I'd say crypto is doing well overall..... I don't rely just on BTC either to make money, although all roads lead to Bitcoin 

Sarcasm mate! That's infamous proudhon 

[Karpeles]

going a bit up again this morning. halving is very close.

$600 held: now is time to see what the price will be on the very first blocks of the 12.5 bitcoin reward era

That's what matters to me, nothing else

Going up or down $70 isn't a big deal now bitcoin's gone above $600. When it was half that price or lower then $70 was a big move, but not any more. The price will probably go back above $670 for the very first blocks of the 12.5 bitcoin reward era, and a few months later the reduced reward will have moved the price higher.

I think price will be down right after the the first 12.5 BTC block is mined due to speculation and market manipulation. Then up again. In some weeks or days, I don't know

[BlindMayorBitcorn]

Mind blowing news from Dr. Ruja.

The business is heading in to phase 2, so if phase 1 scared you with doubt and suspicion...

This just in! An open letter to Dr. Ruja from former coin top leader and host Imi Shah.  
https://www.youtube.com/watch?v=8C9WbHbHc8M

This is the wrong thread for this.

You know what, you're right. This thread's sense of humour has been surgically removed. Shame about that.

[andy35]

going a bit up again this morning. halving is very close.

$600 held: now is time to see what the price will be on the very first blocks of the 12.5 bitcoin reward era

That's what matters to me, nothing else

Going up or down $70 isn't a big deal now bitcoin's gone above $600. When it was half that price or lower then $70 was a big move, but not any more. The price will probably go back above $670 for the very first blocks of the 12.5 bitcoin reward era, and a few months later the reduced reward will have moved the price higher.

I think price will be down right after the the first 12.5 BTC block is mined due to speculation and market manipulation. Then up again. In some weeks or days, I don't know

Whatever happens we only have a day and a half left to wait to find out. Even if the price gets manipulated I think it will go upwards in in the weeks and months after the start of the 12.5 bitcoin reward era.

[Elwar]

https://www.cryptocoinsnews.com/bitcoin-price-slumps-on-eve-of-block-reward-halving/

Bitcoin price slumps on eve of Coinbase Halving.

I hope Coinbase still goes through with the halving. Otherwise the price will crash a lot.

[soullyG]

Rocket is fueled up and ready to go, don't get left behind!

[Tippingcoin]

https://www.cryptocoinsnews.com/bitcoin-price-slumps-on-eve-of-block-reward-halving/

Bitcoin price slumps on eve of Coinbase Halving.

I hope Coinbase still goes through with the halving. Otherwise the price will crash a lot.

You know they just axed Germany and Canada, right?

Just found out Coinbase banned Germany & Luxembourg. I guess this is more than just talk.

Apparently Localbitcoin doesn't work there either

[Andre#]

https://www.cryptocoinsnews.com/bitcoin-price-slumps-on-eve-of-block-reward-halving/

Bitcoin price slumps on eve of Coinbase Halving.

I hope Coinbase still goes through with the halving. Otherwise the price will crash a lot.

You know they just axed Germany and Canada, right?

Just found out Coinbase banned Germany & Luxembourg. I guess this is more than just talk.

Apparently Localbitcoin doesn't work there either

Paxful.com does.

[Elwar]

https://www.cryptocoinsnews.com/bitcoin-price-slumps-on-eve-of-block-reward-halving/

Bitcoin price slumps on eve of Coinbase Halving.

I hope Coinbase still goes through with the halving. Otherwise the price will crash a lot.

You know they just axed Germany and Canada, right?

Just found out Coinbase banned Germany & Luxembourg. I guess this is more than just talk.

Apparently Localbitcoin doesn't work there either

Germany hates Bitcoin.

[Andre#]

Kraken is taking the lead, with a $10 difference over Bitfinex and OKC/Huobi -- noice!

[European Central Bank]

coinbase is looking a little ragged these days what with gdax usability issues and them losing utility in a few countries. they need some extra vc millions to throw away to look nice and shiny again.

[Ted E. Bare]

I'm laughing at people that try to short the halving.

[Paashaas]

coinbase is looking a little ragged these days what with gdax usability issues and them losing utility in a few countries. they need some extra vc millions to throw away to look nice and shiny again.

Fixed

Bitcoin exchange Coinbase said on Thursday it received a $10.5 million investment from Bank of Tokyo Mitsubishi UFJ (BTMU), the bank's Mitsubishi UFJ Capital unit and Sozo Ventures as part of a strategic partnership involving its long-term expansion

 

http://www.reuters.com/article/us-bitcoin-coinbase-bank-of-tm-ufj-idUSKCN0ZN27D

Anyway, tomorrow is halving day!

[Tippingcoin]

I'm laughing at people that try to short the halving.

Laughing through the tears, you mean?

[craked5]

The amount of FUCD and general misinformed/malicious negativity that has been spread about the halving means there will be a relief rally of some sort when it turns out to be a nothing more than a quite boring, uneventful clicking over of the time-stamping calendar and everything works as advertised on the tin.

For those of us that have been around for the first one it isn't even a consideration but there are probably a lot of new faces who will be apprehensive about the deflationary mechanism in the bitcoin algorithm until they see it work with their own eyes.

Indeed. I was not in btc at the previous halving, or well I was not so deep in btc ^^
It doesn't matter that I understand the concept of halving, until I saw its consequences, or better said its no-consequences, it's hard to consider it as a "non-event".

Especially with all the hype around it!

[empowering]

Mind blowing news from Dr. Ruja.

The business is heading in to phase 2, so if phase 1 scared you with doubt and suspicion...

This just in! An open letter to Dr. Ruja from former coin top leader and host Imi Shah.  
https://www.youtube.com/watch?v=8C9WbHbHc8M

This is the wrong thread for this.

You know what, you're right. This thread's sense of humour has been surgically removed. Shame about that.

Oh but it is still oh so damn hilarious...

 

[Torque]

So UK courts allowing hearing of legal blocking attempt of Brexit, and S&P 500 rallies to a new ATH in the midst of the worst global recession in history?

Yeah, the global market crash, the BIG ONE, is getting closer. 

Eliminate your outstanding debts and buy more bitcoin.

[readysalted89]

So UK courts allowing hearing of legal blocking attempt of Brexit, and S&P 500 rallies to a new ATH in the midst of the worst global recession in history?

Yeah, the global market crash, the BIG ONE, is getting closer. 

Eliminate your outstanding debts and buy more bitcoin.

Some German and Italian banks going bankrupt because of market Brexit panic could start the BIG ONE. Once bail ins start it will be too late to buy more Bitcoin because buying a whole one will be too expensive for most.

[Tzupy]

I'm laughing at people that try to short the halving.

In a couple of days you may laugh at me. And we'll see who laughs last...