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

[JayJuanGee]

Good morning Bitcoinland.

Still creeping up I see... $669 0n Bitcoinaverage.

Let's keep this rise nice and steady. No skyrocket and fizzle, just a smooth ramp up.

Okay, I realize there's no smooth ramp with Bitcoin but at least we can hope for a less extreme roller coaster.  

I vote for a smooth ramp up likewise Jimbo. Even though the crazy Bitcoin train is, simply, crazy! 
I am happy guy if I will find a 1000 dollar price under the Christmas tree this year. Santa can do this for us, don't you think?

Just thinking about that has me in the Christmas spirit already and dreams of Nov 2013 dancing in our heads lol we don't ask for much from Santa 

I don't mean to be a party pooper, but we gotta get real, no?

O.k., sure.  We can state what our preferences are... including a slow steady rise in BTC prices, blah blah blah, but in the end is this kind of mindset very realistic?  We are talking bitcoin - a financial tool never been seen before by mankind.

We gotta get real and prepare ourselves for BTC prices moving in both directions and volatility... sure maybe it is more likely to go up rather than down, but we still should be preparing for both directions, no? 

Volatility in whatever manner are more likely scenarios, as compared to one of slow and steady of whatever.  Sure, I am not denying that slow and steady could happen, but it is probably less than a 20% likelihood...., no?   

So, in that regard, why prepare our mindsets and our financial investments for a kind of pie in the sky scenario that is less likely to play out?  That is like gambling.  It makes little to no sense to me (maybe because I don't characterize myself as a gambler), except I get the fact that a large number of people would prefer such a slow and steady thingie a ma jiggie.. but it is not likely to happen, no?

[podyx]

Gonna miss out on a whole lot of potential profits would the price decide to skyrocket sometime in the coming 2 months

[JimboToronto]

Wow. I just looked in on Huobi in time to see a nice rise happen before my very eyes, then switched back to Stamp to see it follow.

Fun. 

[Ted E. Bare]

Gonna miss out on a whole lot of potential profits would the price decide to skyrocket sometime in the coming 2 months

Unfortunately you will miss out on a lot of potential profits, because it is happening!!

[toknormal]

All Western exchanges over 670 now.

TX backlog approaching 50,000. Must be spamming. Just up the fee.

[DeathAngel]

Gonna miss out on a whole lot of potential profits would the price decide to skyrocket sometime in the coming 2 months

Unfortunately you will miss out on a lot of potential profits, because it is happening!!

It will happen gentlemen. We are about to see an epic rise. Don't be surprised to see $2000 bitcoin's within 6 months.

[aztecminer]

Gonna miss out on a whole lot of potential profits would the price decide to skyrocket sometime in the coming 2 months

Unfortunately you will miss out on a lot of potential profits, because it is happening!!

$680 is where there is a lot of resistance is right ??

[aztecminer]

I sent a transaction like 2 hours ago and it still hasn't confirmed. What the fuck is going on? Blocks are full, I know but the last block was .75 MB

https://blockchain.info/unconfirmed-transactions?show_adv=true


see my previous post fellow bitcoiner!

For fuck sake, if I put a higher fee, do I get priority?

yes.. however you should start V akman rain dances asap for your stuck transaction. it will work, just ask Puff Daddy.

[toknormal]

$680 is where there is a lot of resistance is right ??

I'd say $760 is where the big resistance is.

[smith1023]

Donald Trump is gonna buy a bid wall so big that it will reach the moon.

And then we will make Mexico pay for it.

[podyx]

Is there any way to see how high of a fee I need to get through fast?

[AZwarel]

All Western exchanges over 670 now.

TX backlog approaching 50,000. Must be spamming. Just up the fee.

According to https://bitcoinfees.21.co/, 0,0008* btc fee still enough to have a 100% chance to get you in the next block. Almost 29k of the 50k backlog in the mempool from the last 72 hours has a fee between 0,0000 and 0,0001, and 18k has less than 0,0005 fee so insufficient or zero fee. Aka, technically spam - if your tx gets into a block, it had sufficient fee.

*normalized to 71-80 satoshi/kbyte

[JayJuanGee]

I sent a transaction like 2 hours ago and it still hasn't confirmed. What the fuck is going on? Blocks are full, I know but the last block was .75 MB

This is basically what's going on, and it doesn't look good for the future panic buys

https://www.bitcoinqueue.com/details/2d.html

Maybe there is a certain amount of opportunism pumping going on?

If there is a bit of locking out of folks, and inability to anticipate or to get "in" for a pump, then the pumpers can feel a bit of pleasure in locking folks out of the pump, and then get the price to a point in which they can dump onto folks?  Is that price point mid to upper $700s? 

If this does not play out well, then the pumpers (manipulators) could lose control over the situation if it gets into the mid $800s.  I am of the theory that manipulation does exist; however, not even the manipulators have perfect information or are able to completely control price directions... but they are in a decent position to take advantage of situations as they present themselves and maybe even to manipulate within those newly evolving parameters (more quickly than the regular guy).

[JayJuanGee]

hey everyone: if your waiting on your bitcoin transaction to get through the 50,000 btc transaction traffic jam wait in line queue, here are some things you can do to speed up the process:

a week from next tuesday the stars will start to align. this will provide best opportunity of having the extra luck to push your bitcoin transaction through the 50,000 btc wait in line queue. i would suggest that to maximize your chances of getting your stuck transaction through bitcoins blockchain traffic jam that you start doing indian rain dances starting this weekend. do not stop doing the rain dances until the power of V akman from above brute forces your bitcoin transaction through... one last piece of advice: be patient, V akman is very busy helping all the V akman rain dancers get their bitcoin transactions through.

i'm like a legendary bitcoin super-hero now, showing up in the last moments to help out fellow bitcoiners in their times of need.

Yeah... look what the cat drug in?    A little price rise gets some of the trolls out, who are attempting to act like white knights.       

[Paashaas]

Nooo... i'm getting my paycheck this friday, i wanna buy cheap coins 1 more time.

You have had plenty of opportunities to buy cheap coins...


At some point, this rocket has got to leave the launch pad, and maybe, just maybe this could be it.

My position is very satisfied after 2.5+ years of buying, i try to accumulate as much as possible.

Bitcoin's fundamentals are very stong, a new major bull is in the making in the near foreseeable future.

[Chef Ramsay]

Is there any way to see how high of a fee I need to get through fast?

.01 will get you served fast. Take care of your bartender and they'll take care of you.

[toknormal]

I just think it could be simple trading technicals thats driving this movement.

There are a load of them "clicking into place" including a confluence of short and long term.

[JimboToronto]

I realize this is a USD/BTC thread but Canadians might like to hear that we just passed 900 CAD per BTC according to Bitcoinaverage.

[Chef Ramsay]

Mission creep on $680 incoming.

[AlexGR]

Is there any way to see how high of a fee I need to get through fast?

https://bitcoinfees.21.co/