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

[podyx]

So do you think their ETF will be approved? I honestly am kinda doubtful(because of how limited the laws around cryptocurrency still are) but I'm not sure how ETFs work either

[savetherainforest]

Good morning Bitcoinland.

Still going sideways 2 days after halving non-event.



Is anyone surprised? It's like a solstice. The weather doesn't radically change overnight. Even a beanie baby should be able to see that.

If the amount of sunshine were permanently cut in half by 50% overnight, the weather would change radically.

For now... I see that Gold is going sideways... Silver is going sideways ... BTCitcoin doing the same! Just wait for more panic to happen... and when Silver/God will go up... BTCitcoin will follow!

[Tzupy]

The big triangle should break one way or another several hours from now.
Previously the bid sum evolution on Huobi looked bullish, but now the asks have reached an ATH of 54k BTC.

[yefi]

Wow indeed. Your reaction is the first in 25 minutes. This place is dead.

To be fair, the news was posted previously: https://bitcointalk.org/index.php?topic=178336.msg15437493#msg15437493

[Bulgarian]

The big triangle should break one way or another several hours from now.
Previously the bid sum evolution on Huobi looked bullish, but now the asks have reached an ATH of 54k BTC.

[ Ominous looking chart ]

[ Ominous looking chart ]

Looking ominous.

[btcmerich]

https://news.bitcoin.com/philippines-pay-loans-bills-bitcoin/

https://www.cryptocoinsnews.com/bitcoin-allows-buy-2016s-anticipated-game/

https://www.cryptocoinsnews.com/coinapult-enables-300-bitcoin-buying-kiosks-colombia/


Germa banks are in the shit same as Italian banks  and news like the above will also help moving BTC value up

[adamstgBit]

The big triangle should break one way or another several hours from now.

agreed. I suspect down, but obvious trap is obvious...

if your mid term target is lower then 650 your doing it wrong....

[spiderbrain]

Are we post the usual triangle breakout point, or what? I would be worried, but I'm still overjoyed to see Proudhon posting on this forum again!

[adamstgBit]

my bet, false break down followed by some intense buying popping over 666 once and for all.

bitcoin breaks the shit out the triangle and doesn't give a shit. yes this seem highly likely

[kobilica]

guys stop scaring me with breaking the triangle

tomorrow I go to send money to exchange asap

[adamstgBit]

if i had really big balls i'd be trying to go in balls deep right now...

[ImI]

my bet: we are lacking any fantasy right now. no event that we could rally into. the halving was theoretically perfect for a nice rally but the rally got interrupted by the finex and DAO shit. so now what events should markets focus on? there are none. so all thats left is the reduced daily supply, but i doubt that will be shortterm enough.

[adamstgBit]

Let me check what time it is.

Oh yes,
Time for the lil mBTC bitches to sell me all there "bit's of coin"

[aminorex]

no event that we could rally into. ... shortterm enough.

Winklevoss listing speculation will kick in... when?

It took a year after the 2012 halving for price to rise 100x. The next big bump will be smaller but come sooner.

[ImI]

yes winklevoss ETF could be a game changer. but we have no date or event to rally into as we dont know if that thing will happen at all. the last date for that SEC rule is just a minor thing afaik that doesnt give much clue about that whole endeavour.

[Biro Bob]

In the past when volume has been this low and price hovering in the same place, the price normally falls. In this particular case, with the 1800 coin reduction in daily supply, I'm not taking that risk and anyone selling under $650 has massive balls.

On a different note, I'm glad I'm not a miner with one of those 'superfarms'. Their 50% drop in income overnight makes the 10% Brexit affect on the pound look trivial.

[Hyperjacked]

yea fatman ive been bullish on crypto since just before Brexit and even more bullish now that Trump looks likely to destroy the USA economy and Dollar.

However short term i do see BTC testing $500, this will test the network and the community...will fear set in and we go lower?, will miners leave ?(short term) once these have been tested, i think we will begin recovery around end sept-oct. United States presidential election of 2016, Tuesday, November 8, 2016 will be the the time we go over $1k as many people will leave( or be thrown out ,lol) and BTC and ETH will allow them to move money out easier and quicker as we move into 2017.

Very interesting...after the sideways action I expect a dump! but who knows...

[adamstgBit]

'Sin’ Activities No Longer Drive Bitcoin Economy, Researchers Find
http://www.coindesk.com/bitcoin-economy-black-market-sin-report/

the report said, [bitcoin use] is now dominated by legitimate merchants and exchanges.

yup. I've always bought my pot with CAD (once upon a time i almost did buy pot with BTC, but then i was like fuck it ill get it off my friend WAY before it even gets shipped out so wtf!? (Glad i didnt wast 2012 BTC on POT lol!))
and I can't wait to try purse.io, i need more stuff in my amazon wish list... ( I should let my gf do it! lol )

 

[marcus_of_augustus]

Reduced supply total: 4400 btc

[BlindMayorBitcorn]

Adam is hemorrhaging posts again.
Everybody  !;D