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

[marcus_of_augustus]

.... everybody on?

[dumbfbrankings]

You mean, everything's fine?

Is the solution still r3kt?

Yes? Good, this is fine.

Bow down before the one you serve. Y...

I wouldn't know. I don't discuss altcoins.
 

Or... you are, and just don't know it, yet.

Wouldn't that be poetic?

Like a patient etherized upon a table.

Who said anything about ether? Your elective procedure would be wholly without anesthetic relief.

[Karpeles]

Told you that we would recover in no time.

Huobi is back to up 650, Bitstamp is at $650, Bitfinex at $649.6, etc...

Now we can resume our blitzkrieg towards the moon

[JayJuanGee]

rekt

Which part is rekt?   I understand that you have a tendency to get stuck on  short term price movements, and all of us should be ready for the possibility of $610 and even sub $610, but it is likely going to take quite a few coins to get there, if it does.  Further, you recall that in the past nearly two months, we have only revisited sub $600 for about 24 hours, and recall how many coins it took to get to $540 for short moments... We could get there again, but it seems to me that it is going to take a lot of coins, and I question whether bears have enough coins to dump and if they can be successful.. with the ongoing upwards price pressures.

i agree. the thing is we are missing a clear positive outlook, an event that a rally could potentially build upon. halvening? gone. brexit? gone. so all thats left is the still lurking debate about blocksize and thats it. but on the other hand the 3d chart looks still quite excellent...

From our multiple interactions, I gather that you have a glass half full kind of tendency, and I am trying not to fault you for such tendency because it is certainly valid to look at a multitude of factors in attempting to watch and predict BTC's price direction, but also I think that part of the problem could be that your expectations are way too high, and accordingly, you are setting yourself up for disappointment if BTC does not 10x in the next 20 minutes.

The fact of the matter is that bitcoin is in a very great place at the moment, and it can take a very long time for price finding that includes bears and bulls battling out the direction that they want prices to go.

Just consider that for several months in the beginning of the year, we were battling the $360 to $460 range.. I mean we are not out of striking distance to get pushed back into that price range, but it certainly would not be easy for bears and bank shills to achieve such a direction, and that is nearly the level of downward pushback that they would need to achieve in order for BTC to get pushed into a horizontal or even a bearish market... otherwise we remain bullish whether we are floating in the mid $600s or floating in the mid-$500s... and imagine that it is not even going to be easy to push into the mid $500s, and that is what bears really want and that is what they are attempting to achieve in order to attempt to discourage and dissuade.. and the longer that they are unsuccessful in pushing BTC back, the more confidence us HODLers can have to continue to HODL and to accumulate BTC with confidence that it's price is going to appreciate. 

If we psychologically create some kind of artificial timeline in which we believe that upwards prices have to be achieved, then we are going to be bound for failure and disappointment.   Even if BTC prices float between $500 and $700 for the next year, BTC is in a very good place, and it's time is going to come for a new ATH - especially once it passes the mid $800s - which like I said, could take some time to achieve.. however, if we achieve mid $800s and what follows sooner, then we should consider that to be icing on the cake.

Yes, there are various talking points that could be either bearish or bullish, and likely those talking points don't matter so much because we just have an ongoing dynamics in which all of these matters add up and the word keeps getting out about bitcoin and bitcoin continues to develop and find more use cases, and becomes more and more unstoppable and intricated into the lives of more and more people in all corners of the world.

[yefi]

It's definitely on the list. One day I hope to come across somewhere so desolate and depressing that I instantly drop dead from sheer despair. In the UK Port Glasgow does a nice job. I think some forgotten city in Siberia's going to do it.

lol, sounds like you've taken inspiration from Karl Pilkington.

There's a book called crap towns whose readers voted for the 50 crappest towns in the UK. Glasgow was voted joint fourth crappest with Edinburgh in 2004. If you want a crapper town than Glasgow try visiting Sunderland, Windsor, or Luton. The 2004 vote for the number one crappest town in the UK was Luton.

https://en.wikipedia.org/wiki/Crap_Towns

1. Luton
2. Windsor
3. Sunderland
4. Edinburgh (equal place with Glasgow)
4. Glasgow (equal place with Edinburgh)

There might be similar crap town votes held in other countries that could tell you the most desolate and depressing places to visit.

Hm, some parts of some of those cities are quite nice (just watch out for garbage trucks in Edinburgh though).

[BlindMayorBitcorn]

[adamstgBit]

https://www.youtube.com/watch?v=eov64C8KzrY

wow.

[respawn2]

Now we can resume our blitzkrieg towards the moon

Apollo One, how're you guys doing in there?

[adamstgBit]

Now we can resume our blitzkrieg towards the moon

Apollo One, how're you guys doing in there?

ehhh sir, we have a red light here, i'm reading 651 Degrees Celsius in the cockpit...

should we abort?

 

[JayJuanGee]

Now we can resume our blitzkrieg towards the moon

Apollo One, how're you guys doing in there?

I just looked up Apollo One, and you are making no compliment here, sir.


Edit:  I see Adam is quicker on his feet than me, sirs.

[BlindMayorBitcorn]

Now we can resume our blitzkrieg towards the moon

Apollo One, how're you guys doing in there?

I just looked up Apollo One....

[gentlemand]

It's definitely on the list. One day I hope to come across somewhere so desolate and depressing that I instantly drop dead from sheer despair. In the UK Port Glasgow does a nice job. I think some forgotten city in Siberia's going to do it.

lol, sounds like you've taken inspiration from Karl Pilkington.

There's a book called crap towns whose readers voted for the 50 crappest towns in the UK. Glasgow was voted joint fourth crappest with Edinburgh in 2004. If you want a crapper town than Glasgow try visiting Sunderland, Windsor, or Luton. The 2004 vote for the number one crappest town in the UK was Luton.

https://en.wikipedia.org/wiki/Crap_Towns

1. Luton
2. Windsor
3. Sunderland
4. Edinburgh (equal place with Glasgow)
4. Glasgow (equal place with Edinburgh)

There might be similar crap town votes held in other countries that could tell you the most desolate and depressing places to visit.

Hm, some parts of some of those cities are quite nice (just watch out for garbage trucks in Edinburgh though).

I don't really know who this pilkington bloke is. Luton seemed OK enough to me.  I've lived in Glasgow and Edinburgh and had a fine old time in both.  I even went on holiday to Hull and nearly shat myself with sheer joy but nothing's beaten Port Glasgow though most of Coventry runs it pretty close.

[marcus_of_augustus]

^^ try Billingham, Hartlepool or Egremont

[gentlemand]

Will do.  Man,  I'm overflowing with ideas for genuinely awful places to go now.  What a treat.  I hope it kills me slowly so I get to savour as many grotesque moments as humanly possible.  And I promise to attempt to pay for my pints with Bitcoin in dive pubs even if it gets me glassed every single time.

[yefi]

Pilko Pump Pants are a classic. Ballshit Man is another great one 

[BlindMayorBitcorn]

^I think you mean Bullshit Man.

https://www.youtube.com/watch?v=1lRIQGU2RRk

[DaRude]

Need to shed about $10MM in those pesky longs, who went full retard for the halfening before we can resume uptrend

How far down will BTC prices have to go in order to achieve such an objective?  will $610 do it, or do we need to go below $580 in order to shed that quantity of longs?

They are some resilient buggers, it'll be pure speculation on my part but wouldn't be surprised to see $560 again. The short term halfening speculators need to give up hope and exit their position

[Andre#]

You mean, everything's fine?

Is the solution still r3kt?

Yes? Good, this is fine.


Bow down before the one you serve. Y...

Why are you spreading FUD? Blocks are not full! See, a few bytes left in every block. And if people are  in a hurry, they can just pay a few cent more. Stop fear mongering!

/s

[kingaltcoins]

You mean, everything's fine?

Is the solution still r3kt?

Yes? Good, this is fine.


Bow down before the one you serve. Y...

Stop spreading unnecessary attempts of spreading FUD.
The blocks seem to be full due to the fact that miners are placing all of their prioritized transactions in the blocks creating a jammed up situation.

By prioritized I meant the ones which have higher mining fee.
Thats why the network is being clogged up. And thus the higher block size.

[JayJuanGee]

Need to shed about $10MM in those pesky longs, who went full retard for the halfening before we can resume uptrend

How far down will BTC prices have to go in order to achieve such an objective?  will $610 do it, or do we need to go below $580 in order to shed that quantity of longs?

They are some resilient buggers, it'll be pure speculation on my part but wouldn't be surprised to see $560 again. The short term halfening speculators need to give up hope and exit their position

You could be correct that the longs have created some motivations to force them to be called; however, we have already had at least three attempts at $600 and only one other time that prices went below $600, only for a day, so there may be some difficulties getting to that $560 level, even though it would not be impossible.  I put the odds at less than 35% that we would go that low.. but I am just speculating too.