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

[soullyG]

Tasty sell wall of 2.8k coins at $752

[toknormal]

This little correction looks like it's desperate to complete.

1 hour chart is only halfway through but price is back on the rise again. The 1-hour momentum is holding it down, constraining it's buoyancy like the anchors on a hot air balloon that's already at full temperature. Looks like it's only 4 or 5 bars away from green-lighting another possible surge.

Peter Thiel getting onto a US presidential transition team is pretty phenomenal. As far as the Bitconi dimension goes it's a bit like "Vatican Magazine" accepting a full page Durex commercial on it's centre page IMO.

Whatever the politics of the situation, I think one characteristic of Trump is that he values practical solutions at least as much, if not more, than ideological objectives. He took to Twitter like a duck to water and I'm sure he'll be equally open minded about the "new monetary frontier".

Ok, thats enough fundamentals for now. Back to wall observing.

[JimboToronto]

A pleasant morning to all Bitcoinlanders.

Still scrapping over $750 I see.... $749 to be exact (Bitcoinaverage).

Seems the massive correction was short-lived and we're about where we were last night.

The good news for all the Canucks here is that we're still in quadruple digits... $1006.

Onward and upward. (Sure is nice not to say "sideways".)

[Gash]

I just heard from a reputable source that Trump is gonna ban BTC.

And China is also going to regulate BTC.

 

Trump is not gonna ban BTC. On the contrary, I think BTC will bloom under his presidency. Stop panicking.
Read this news instead - Donald J. Trump Appoints Bitcoin Investor Peter Thiel to Presidential Transition Team:

https://www.cryptocoinsnews.com/donald-j-trump-bitcoin-peter-thiel/

If Trump was a jew he would perfectly fit the image of Habbani clan high-up. All jew families are so fucking united and have their role models coming under heavy pressure from house papa to help their kids and kids of their kids to establish credit and accumulate all money in the world. And maintain family roots. Trump seems to be gathering some ultimate super gang here:

President-elect Trump appointed a litany of Republican Party sweethearts such as New Jersey Governor Chris Christie, Former Speaker of the U.S. House of Representatives Newt Gingrich, and Former New York City Mayor Rudy Giuliani.

Trump also announced the billionaire technologist Thiel would join the Presidential Transition Team Executive Committee, alongside his all three of his children.

Basically, his kids who will all be elected at some instant of time in the future (mark my words), shills like NY major (always make sure to have a backup when u run into criminal stuff) and billionaire magnate who reportedly donated $ million towards his campaign. There u get the right people  

Will he herald bitcoin industry? I doubt that. More likely manipulate SEC and try to correlate regulatory changes he plans with moves in the major financial markets, according to his and his dudes' trading position. Why? Since he has the allowance, permissions and best informations available to him which is out of reach of normal and institutional participants. About bitcoin, well, not now. In a borderline case, trump might spur two little positive changes:

1. Legitimize etf with SEC.
2. Scrap the bitlicense. Will allow to freely do business with btc in ny, in turn opening the door for overseas capitals.

That would be good.

[crypto research]

BTC soon  2000.

Mark my words

[calme]

more futures contracts at okcoin than maybe ever

[synthgauge]

I just heard from a reputable source that Trump is gonna ban BTC.

And China is also going to regulate BTC.

 

Could that "reputable source" actually be a chinese redditor?

I really don't think Trump cares too much about Bitcoin

He's is trying to fight the world's established power, I think Bitcoin is too insignificant for him to care about

But I think some republicans are favorable to BTC, if my rumors are right

Yeah with dangerously finite transactions throughput, bitcoin in its current state might not be something an investment mogul would dream about at nights.

But hey sky is the limit. That said, same as samsung SDI is about to invest billions in backplane transistors tech for OLED and HDR, Trump might drop some into bitcoin sidechain research for example.

Apart from obama he will speak to his pockets in the end of the day. Trump is money not dignity.

[Gash]

more futures contracts at okcoin than maybe ever

This is cause we marked a new high and theres still a lot of room till the expiration of quarterly delivery period. Which means quarterly contracts can easily close at ATH.

[Chef Ramsay]

Did somebody turn the lights out up in here?

[TERA]

I dont get the people saying that the rally is due to world events and Bitcoin supposedly being a haven asset. All of the other haven assets such as gold are FALLING so it's not that. It's more likely due to Bitcoin specific events like Segwit and Lightning Network.

[Meuh6879]

And ... it comes the purge. 

[Temp_JayJuanGee]

Did somebody turn the lights out up in here?

MUCH  moar exciteeeeee when dee price b goin  upity.  


And we were so, so close to breaking through $750, too.

I don't expect to make it passed the mid $800s without a couple more corrections..... though I also would not mind being surprised to the contrary...

There just seem to be a lot more shorting tools these days as compared with previous price explosions...

Just doesn't seem like we are going to get a z-cash like 2,000x price spike any time soon... Am I be wrong?

[BlindMayorBitcorn]

I have to admit I'm surprised most of you are still here. Nobody thinks this is the top yet? Really?

[DaRude]

I have to admit I'm surprised most of you are still here. Nobody thinks this is the top yet? Really?

Not if segwit gets voted on, right away. Popcorn time

[Temp_JayJuanGee]

I have to admit I'm surprised most of you are still here. Nobody thinks this is the top yet? Really?

Not if segwit gets voted on, right away. Popcorn time

What is your assessment of claims like these?


https://www.reddit.com/r/Bitcoin/comment...ce_segwit/

I know that sometimes a lot of us have posted pretty bullish scenarios with the impeding activation of seg wit, yet there remains quite a few folks betting against seg wit going live.  I kind of think that when push comes to shove miners are going to be more practical than to aim at blocking seg wit.

Seg wit should be a fairly non controversial solution, step forward and financial advancement of bitcoin.. but if it does not implement, that would probably be a bit bearish... or at least a bit less bullish.  The article describes scenarios in which it could take a year for seg wit to activate (or never activate, which seems less likely to me).

[yefi]

Nonetheless, despite a multitude of vocal opposition to seg wit, I really think when push comes to shove, these folks (such as mining nodes) are not going to be so stupid as to sabotage their own prosperity and to continue to support any kind of opposition to seg wit, with stupid-ass, contradictory, technically inadequate, fundamentally dangerous and largely baseless objections to a largely non-controversial implementation.

Relying on folk to not be stupid doesn't sound like a great formula for success. Forces in war have continued fighting long after it was obvious to everyone they had lost - and they were staking not merely their money but their lives.

[DaRude]

Nonetheless, despite a multitude of vocal opposition to seg wit, I really think when push comes to shove, these folks (such as mining nodes) are not going to be so stupid as to sabotage their own prosperity and to continue to support any kind of opposition to seg wit, with stupid-ass, contradictory, technically inadequate, fundamentally dangerous and largely baseless objections to a largely non-controversial implementation.

Relying on folk to not be stupid doesn't sound like a great formula for success. Forces in war have continued fighting long after it was obvious to everyone they had lost - and they were staking not merely their money but their lives.

We don't need you elitist logic.

MAKE BITCOIN GREAT AGAIN!!!!


T -17

[Temp_JayJuanGee]

Nonetheless, despite a multitude of vocal opposition to seg wit, I really think when push comes to shove, these folks (such as mining nodes) are not going to be so stupid as to sabotage their own prosperity and to continue to support any kind of opposition to seg wit, with stupid-ass, contradictory, technically inadequate, fundamentally dangerous and largely baseless objections to a largely non-controversial implementation.

Relying on folk to not be stupid doesn't sound like a great formula for success. Forces in war have continued fighting long after it was obvious to everyone they had lost - and they were staking not merely their money but their lives.

I don't mind your "elitist logic"   because I think that is a fair point about the stupidity of warriors, sometimes.

Of course, I am stating a belief about the dynamics of this situation that is somewhat different from the dynamics that cause people to fight to the death in wars... but yeah, there may be some parallels between war and this big block stance?   I am not putting all my eggs in any one basket, but I am considering that it is more possible for seg wit to get activated than not.


Sure, frequently in wars there can be some kind of self identity and even commitment to your fellow troops. Sure there could be some similar dynamics going on with miners and pools getting these kinds of feelings about wanting to win in spite of logic, but I do think that the economics are likely going to continue to be more dominant forces that are going to cause folks (miners) to peel off.... and sure I am exercising a kind of faith that economics is likely going to prevail to cause folks to not align with ideological stupidity.  

And maybe it is just a kind of question regarding who blinks first.. and my inclination is to think that there is not really enough there, there to be keep arguing over nonsensical big blocks, big blocks, big blocks... when that lost a long time ago,.... .  And, it's just dumb to be persisting with ongoing dumbness and tried and true failed logic..  Sure we got folks like Roger Ver and Gavin Andresen spouting off some of the nonsense about big blocks, but even between those two there is not really unity because Gavin seems to recognize the practicality of seg wit.  Sure, Roger talks nonsense, seems to have some pride in this battle and has a lot of BTC to throw around, but in the end, he is talking politics and not technicalities when he is spouting off about the supposed better direction of big blocks, big blocks, big blocks.

[Elwar]

$750 wall on Bitstamp being eaten up.

[toknormal]

Games now going with serve.

Major stuff.