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

[Cassius]

11 hours between posts on the most popular thread on BCT. Does this mean bitcoin is dedded?

[conspirosphere.tk]

FYI:
Why the Needham Bitcoin Price Prediction Got a 29% Bump to $848
http://moneymorning.com/2016/09/23/why-the-needham-bitcoin-price-prediction-got-a-29-bump-to-848/

[JimboToronto]

Good mornin' Bitcoinland

Still flat as a pancake... $604 on Bitcoinaverage.

11 hours between posts on the most popular thread on BCT. Does this mean bitcoin is dedded?

 

No, just sleeping.

[European Central Bank]

FYI:
Why the Needham Bitcoin Price Prediction Got a 29% Bump to $848
http://moneymorning.com/2016/09/23/why-the-needham-bitcoin-price-prediction-got-a-29-bump-to-848/

$2300 by 2020? guess that's possible. comes a time when it needs to stop acting like a low market cap stock and start revving its engines. considering how opaque most of the exchanges are I dunno if they can be depended on to figure out price discovery.

[notme]

Adam hasn't posted in a week and a half. That's a long time for him.

I  hope he's OK.

He's fine: https://bitco.in/forum/threads/wall-observer.27/page-119

[JayJuanGee]

Adam hasn't posted in a week and a half. That's a long time for him.

I  hope he's OK.

He's fine: https://bitco.in/forum/threads/wall-observer.27/page-119

Yes... maybe ongoing discussion of hardforking efforts has better reception in other forums?

I think that some of the hardforking discussion is a bit looney, but it is a current dynamic that is likely to continue to have various rippling effects on the "bitcoin community"  (I put "bitcoin community" in quotes, because it is a bit of a dilemma how "bitcoin community" should be defined).

[Meuh6879]

hardfork vs. reality.
https://coin.dance/nodes

































YOU DREAM IN COLOR, BROTHEEEEEEEEERRRRRRRRR !

[beastmodeBiscuitGravy]

Bet we could swap that pie chart right around if BitcoinUnlimited was the only option available for download on:

bitcoin.org
r/bitcoin
bitcointalk.org

And core was available on bitcoincore.org

Just goes to show how Bitcoin is already centrally controlled. Domain names mean more than hashrate... 

JJG and his ilk blindly cheer while their more cunning cousins place native BTC in a chokehold in order to drive transactions off-chain and make Blockstream shareholders rich.

Guess we'll see what happens, cowardly chinese miners won't be doing squat until the price takes a swan dive.

[JayJuanGee]

Bet we could swap that pie chart right around if BitcoinUnlimited was the only option available for download on:

bitcoin.org
r/bitcoin
bitcointalk.org

And core was available on bitcoincore.org

Just goes to show how Bitcoin is already centrally controlled. Domain names mean more than hashrate...  

JJG and his ilk blindly cheer while their more cunning cousins place native BTC in a chokehold in order to drive transactions off-chain and make Blockstream shareholders rich.

Guess we'll see what happens, cowardly chinese miners won't be doing squat until the price takes a swan dive.

Yeah, right... "JJG and his ilk."  

I am not part of any group-think, except to the extent to which I post in response to a lot of troll/shill misinformation that frequently attempts to mislead and spread FUD about the supposed broken status of BTC.

So, yeah, therefore, I seem to be posting a lot on a particular theme.

Last fall, I did not really have any kind of clue regarding there being any kind of "scaling issue," but then starting around the time of XT and soon thereafter with considerable extent of FUCD spreading about XT and then Classic etc, there seem to be a lot of misinformation circulating in these various bitcoin spaces.

After a while, I took a position because I saw the extent of the ongoing nonsensical making up of issues in order to attempt to describe bitcoin as broken.  Some of this whole dynamic is strange because the FUCD doom and gloom spreading seemed to intensify in late 2015 while BTC prices were in the $200s... and in spite of ongoing propaganda about bitcoin being broken, BTC prices shot up to $500, and then came back down for a while (and then continued bullshit propaganda spreading while we floated between largely $360 and $460), and then another shoot up to nearly $800... while outcry continues about bitcoin being broken.

Seems that bitcoin may be gearing up for another upwards price movement, in spite of a fairly small segment of "bitcoin's community" continuing to vociferously spread misinformation about bitcoin being broken and some supposed problems that need "hardfork" solutions that would supposedly "fix" the problems.  In fact, many folks realize that hardforking is not such a great idea, and likely puts bitcoin in a much more precarious position (which would be great for traditional banking institutions and governments).

So, what I am saying is not some kind of core propaganda bullshit, but it remains logically a variety of thoughtful responses to the frequent nonsensical postings that we see regarding supposed needs for hardforking and needs for a blocksize increase and needs to fix supposed non-existing bitcoin "problems."


So, yeah Lambie, and your various socks, I am responding to your various nonsense, even though it is possible that no response is necessary and a large number of folks already see the facts and see through your baloney and misinformation.

[Fakhoury]

[Dafar]

Yes... maybe ongoing discussion of hardforking efforts has better reception in other forums?

I think that some of the hardforking discussion is a bit looney, but it is a current dynamic that is likely to continue to have various rippling effects on the "bitcoin community"  (I put "bitcoin community" in quotes, because it is a bit of a dilemma how "bitcoin community" should be defined).

Which is a shame... not only are alt coins a division of the community but now even btc itself is divided with small vs large blockers. HF's are just going to fuck everyone, one of the chains will eventually fail and you will have to guess which one is worth keeping your money on... why deal with the uncertainty, don't fork BTC you fucks

[savetherainforest]

        ^
        ^
        ^
Did this happen in china while their exchange(s) was down for a few hours??  

[Torque]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

[ssmc2]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion.

[Searing]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion.

yeah that is what they said fall of 2013 when btc was 1200 usd...it is bound to see a price explosion.....still waiting damn it!

don't jinx it

[JayJuanGee]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion.

yeah that is what they said fall of 2013 when btc was 1200 usd...it is bound to see a price explosion.....still waiting damn it!

don't jinx it

Gosh, I am not sure whether the correct label is "price suppression," because, in the end, the ongoing trade volume remains so low that bulls could really push prices up, if there were any kind of meaningful determination to do so, no?

The bulls nearly have to be willing to put money on exchanges and to buy... but maybe they remain scared about whether other folks are going to follow?  Surely, various bulls do not want to get caught buying a bunch of bitcoin, attempting to pump up the price and others do not follow?

Maybe, overall, I agree with Torque even though I am having trouble with "price suppression" label?

Regarding a pump before the new year, I am getting skeptical regarding that too, and I am wondering what's going to cause such a pump?  Do folks believe that we are running out of coins?  I think that there is decent data that adoption continues to increase, and surely the halvening would have continued to cause less of a bitcoin supply surplus, but I continue to wonder whether those factors are  enough?  Seg wit and other continuing side chain and scaling type developments should help too, but is that enough? 

Don't get me wrong, I am continuing to attempt to accumulate BTC, but I continue to wonder also regarding how long we could stay in this price arena... a bit more than 2 years so far (mid 2014 to present with prices largely below $750)

Couldn't BTC prices bounce between $500 and $750 for another year or two?  Isn't that possible?  30% odds of such?

[Torque]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion.

yeah that is what they said fall of 2013 when btc was 1200 usd...it is bound to see a price explosion.....still waiting damn it!

don't jinx it

Gosh, I am not sure whether the correct label is "price suppression," because, in the end, the ongoing trade volume remains so low that bulls could really push prices up, if there were any kind of meaningful determination to do so, no?

The bulls nearly have to be willing to put money on exchanges and to buy... but maybe they remain scared about whether other folks are going to follow?  Surely, various bulls do not want to get caught buying a bunch of bitcoin, attempting to pump up the price and others do not follow?

Maybe, overall, I agree with Torque even though I am having trouble with "price suppression" label?

Regarding a pump before the new year, I am getting skeptical regarding that too, and I am wondering what's going to cause such a pump?  Do folks believe that we are running out of coins?  I think that there is decent data that adoption continues to increase, and surely the halvening would have continued to cause less of a bitcoin supply surplus, but I continue to wonder whether those factors are  enough?  Seg wit and other continuing side chain and scaling type developments should help too, but is that enough?  

Don't get me wrong, I am continuing to attempt to accumulate BTC, but I continue to wonder also regarding how long we could stay in this price arena... a bit more than 2 years so far (mid 2014 to present with prices largely below $750)

Couldn't BTC prices bounce between $500 and $750 for another year or two?  Isn't that possible?  30% odds of such?

Not saying it will happen, as like you said we could just bounce around for another year or two with no real demand/price appreciation.

But with the presidential election coming up in the U.S. in November, and with the ability for the Bitcoin pumpers to pin any negative stock market shock on either candidate winning the presidency (because they are both equally despised by a large majority of voters), I could easily see a massive pump in Bitcoin driven by the election result, either in December or at the beginning of the new year.  If it correlated with a big stock market correction (as we are WAAYYY overdue), even better for them.

Remember, all the pumpers need is a plausible excuse to run it up. So what more plausible reason would they need than a negative world market reaction to whomever wins? It could happen, just saying...

That's assuming, of course, that Bitcoin is treated as a safe haven like PMs. If not, well, it'll probably sink along with the rest of the stock markets.

[mymenace]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion.

yeah that is what they said fall of 2013 when btc was 1200 usd...it is bound to see a price explosion.....still waiting damn it!

don't jinx it

Gosh, I am not sure whether the correct label is "price suppression," because, in the end, the ongoing trade volume remains so low that bulls could really push prices up, if there were any kind of meaningful determination to do so, no?

The bulls nearly have to be willing to put money on exchanges and to buy... but maybe they remain scared about whether other folks are going to follow?  Surely, various bulls do not want to get caught buying a bunch of bitcoin, attempting to pump up the price and others do not follow?

Maybe, overall, I agree with Torque even though I am having trouble with "price suppression" label?

Regarding a pump before the new year, I am getting skeptical regarding that too, and I am wondering what's going to cause such a pump?  Do folks believe that we are running out of coins?  I think that there is decent data that adoption continues to increase, and surely the halvening would have continued to cause less of a bitcoin supply surplus, but I continue to wonder whether those factors are  enough?  Seg wit and other continuing side chain and scaling type developments should help too, but is that enough?  

Don't get me wrong, I am continuing to attempt to accumulate BTC, but I continue to wonder also regarding how long we could stay in this price arena... a bit more than 2 years so far (mid 2014 to present with prices largely below $750)

Couldn't BTC prices bounce between $500 and $750 for another year or two?  Isn't that possible?  30% odds of such?

Not saying it will happen, as like you said we could just bounce around for another year or two with no real demand/price appreciation.

But with the presidential election coming up in the U.S. in November, and with the ability for the Bitcoin pumpers to pin any negative stock market shock on either candidate winning the presidency (because they are both equally despised by a large majority of voters), I could easily see a massive pump in Bitcoin driven by the election result, either in December or at the beginning of the new year.  If it correlated with a big stock market correction (as we are WAAYYY overdue), even better for them.

Remember, all the pumpers need is a plausible excuse to run it up. So what more plausible reason would they need than a negative world market reaction to whomever wins? It could happen, just saying...

That's assuming, of course, that Bitcoin is treated as a safe haven like PMs. If not, well, it'll probably sink along with the rest of the stock markets.

bitcoins value is in its infrastructure.

the price moves based on this. speculation fuels the bubbles which relate to government policy at the time.

current projections are all financial systems are moving to the blockchain proving bitcoin is a winner

current software projects and development of bitcoin in this new digital finance economy are roaring ahead with millions of dollars from investors

with the world now able to compare central bank monetary policy in various countries and decades it is obvious it no longer works

this will project bitcoin as the alternative to central backed blockchains running fiat sidechains of each nation's currency (great savings by the way for banks which we will not see passed onto the public)

here in turns sees bitcoin now move upwards in an economic climate devoid of leadership hurtling towards what all economists say is the bursting of the biggest bubble ever.

pick your price

[jbreher]

Are you sure that you are not a paid shill troll? 

OK, let us game this out. What exactly do you propose zimmah is shilling for, and who exactly do you propose is paying zimmah for this shilling?

My posts speak for themselves, but I would suggest that you, jbreher, are engaging in whiteknighting.... not the first time.

Well, no. Your posts do not speak for themselves. They cast aspersions, and then you scurry to avoid -- when challenged -- any detail regarding the insinuations you make.

You can think of it as whiteknighting if you want. But you would be wrong. Your apparent target is not the subject here. Your playing fast & loose with reality is the subject.

Maybe if I don't use a name?

1) What exactly do you propose [whom you accuse of shillery] is shilling for?
- and -
2) who exactly do you propose is paying [whom you accuse of shillery] for this shilling?

[JayJuanGee]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion.

yeah that is what they said fall of 2013 when btc was 1200 usd...it is bound to see a price explosion.....still waiting damn it!

don't jinx it

Gosh, I am not sure whether the correct label is "price suppression," because, in the end, the ongoing trade volume remains so low that bulls could really push prices up, if there were any kind of meaningful determination to do so, no?

The bulls nearly have to be willing to put money on exchanges and to buy... but maybe they remain scared about whether other folks are going to follow?  Surely, various bulls do not want to get caught buying a bunch of bitcoin, attempting to pump up the price and others do not follow?

Maybe, overall, I agree with Torque even though I am having trouble with "price suppression" label?

Regarding a pump before the new year, I am getting skeptical regarding that too, and I am wondering what's going to cause such a pump?  Do folks believe that we are running out of coins?  I think that there is decent data that adoption continues to increase, and surely the halvening would have continued to cause less of a bitcoin supply surplus, but I continue to wonder whether those factors are  enough?  Seg wit and other continuing side chain and scaling type developments should help too, but is that enough?  

Don't get me wrong, I am continuing to attempt to accumulate BTC, but I continue to wonder also regarding how long we could stay in this price arena... a bit more than 2 years so far (mid 2014 to present with prices largely below $750)

Couldn't BTC prices bounce between $500 and $750 for another year or two?  Isn't that possible?  30% odds of such?

Not saying it will happen, as like you said we could just bounce around for another year or two with no real demand/price appreciation.

But with the presidential election coming up in the U.S. in November, and with the ability for the Bitcoin pumpers to pin any negative stock market shock on either candidate winning the presidency (because they are both equally despised by a large majority of voters), I could easily see a massive pump in Bitcoin driven by the election result, either in December or at the beginning of the new year.  If it correlated with a big stock market correction (as we are WAAYYY overdue), even better for them.

Remember, all the pumpers need is a plausible excuse to run it up. So what more plausible reason would they need than a negative world market reaction to whomever wins? It could happen, just saying...

That's assuming, of course, that Bitcoin is treated as a safe haven like PMs. If not, well, it'll probably sink along with the rest of the stock markets.

You are coming off as a bit more bullish, and maybe even possibly a bit more reasonable than my recent perceptions of you. 

Are you sure that someone hasn't taken over your account?   hahahaha

I don't really disagree with any of your above assessment, yet I think that it is pretty unlikely that bitcoin performance is going to be correlated with stock market performance, even though coincidentally, we may witness short periods of such BTC/stock market price correlation.