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

[r0ach]

Not sure if I remember correctly, but I seem to recall price being down last black friday, while this one had a brief $9 pump.

[Killerpotleaf]

Not sure if I remember correctly, but I seem to recall price being down last black friday, while this one had a brief $9 pump.

the show is called
" BU and Core Forking All night "
wanna buy a ticket?

2 for 1 special limited time. 

[Hunyadi]

Today my son drew me this picture at school. Is it a sign? or is that a black wall  

Rorschach test

[uki]

Not sure if I remember correctly, but I seem to recall price being down last black friday, while this one had a brief $9 pump.

I wouldn't forcefully look for a relation between things that are not related (as many do in this forum). Bitcoin doesn't care about black Fridays and alike, as currently what is mainly behind its move are the speculative pumps and dumps. I don't see much sense trying to relate such events to a particular day, because pumps happen independently from that, and thus, it is nearly impossible to say, there is a next black Friday coming the price will drop (or rise).

[bitebits]

Not sure if I remember correctly, but I seem to recall price being down last black friday, while this one had a brief $9 pump.

I wouldn't forcefully look for a relation between things that are not related (as many do in this forum). Bitcoin doesn't care about black Fridays and alike, as currently what is mainly behind its move are the speculative pumps and dumps. I don't see much sense trying to relate such events to a particular day, because pumps happen independently from that, and thus, it is nearly impossible to say, there is a next black Friday coming the price will drop (or rise).

It tends to do the opposite of what the majority thinks, for short term $ profit obviously.

[savetherainforest]

Today my son drew me this picture at school. Is it a sign? or is that a black wall  

Rorschach test

Well Played!!!  

[molecular]

Today my son drew me this picture at school. Is it a sign? or is that a black wall  

Could be a black wall but it doesn't look strong enough to stop the rocket powering through it on its moon bound mission

most definitely the rocket is under heavy flak attack (the black dots)

[molecular]

id like to remind everyone that

SegWit is great for Bitcoin. It brings more transaction throughput, fixes malleability, defrags the UTXO set, makes hardware wallets more secure and most importantly, it enables Lightning which will bring instant low cost Bitcoin transactions to the world. The team at BTCC have been working hard at making their exchange and mining pool services SegWit ready, and everyone else should do the same.

You are correct but people are forgetting one major thing; Bitcoin cannot go mainstream with just bigger blocks. You need something like 1gig blocks to make a shot for it, the internet cant even handle that. Hardforking from 1mb all the way up to 1gig is just a no-go zone, Lightning will fulfill that job because you really want to have high capacity when ''monkey see monkey do'' situation arrives.

This is correct, but: why stop natural growth at 1 MB? It's not like we'll be at 1 MB for 10 years and then BOOOOM, we scale to global level overnight.

[g3rszpi]

Do you think we will break 750 in the next week?

[savetherainforest]

Do you think we will break 750 in the next week?

It will go 10$ per week on average from now on... If it goes 5x / 10x more than that in a short period of time... make sure to gamble! ... Correction in 1-2 week from 765$ to 745$ ...

[Denker]

Do you think we will break 750 in the next week?

Regarding bitcoinaverage we are hovering around that 750 level since november 17th.
We might break it, or we won't.
Some say we've created a double top and will see some correction.Others say it doesn't matter and we will continue moving up.
I myself don't really care cause I'm long and don't have any open positions at the moment.So in short term we might go down a bit, but in long term we will continue heading to the 4 figures again.

[DARKHOLDER]

Do you think we will break 750 in the next week?

Last chance to sell about 730$...its going down...

[kurious]

Do you think we will break 750 in the next week?

It will go 10$ per week on average from now on... If it goes 5x / 10x more than that in a short period of time... make sure to gamble! ... Correction in 1-2 week from 765$ to 745$ ...

Seriously?  You sound very certain, please do tell on what basis you are so sure?

[DARKHOLDER]

sitting and thinking what is the point in the huobi buy and sell those 423 btc...in 1 minute there was 2 time sell that amount of btc and couple seconds later the same amount was buy(maybe for himself )....is the chinese just in my opinion- stupid simple make up the volume? or is there some other reason? Because if there we excludes those 400+ btc trades then chinese exchange is like bitfinex in volume...lol

[strawbs]

sitting and thinking what is the point in the huobi buy and sell those 423 btc...in 1 minute there was 2 time sell that amount of btc and couple seconds later the same amount was buy(maybe for himself )....is the chinese just in my opinion- stupid simple make up the volume? or is there some other reason? Because if there we excludes those 400+ btc trades then chinese exchange is like bitfinex in volume...lol

Huobi volume is fake, it has been for years.

[LFC_Bitcoin]

Wonder if the price has dropped/stalled because of bitcoin Black Friday? I suppose a lot of people will be selling to pay for the festive period too.

Maybe we won't move up significantly until the New Year when all the bull celebrations & spending is over.

[hv_]

Have a look on this log log plot and channel.

The price is log as you normally compare gains in percentage.

The time, from about Aug 2010 to now, is in log scale as well i.o. to account for the exponential growth.

Data are from blockchain.info




In the lower right corner you see same log log for gold. from 1969 to about 1990 you might just compare the price incease, which was mostly same shape as for bitcoin but way lower exponent.

I believe in that chart, and here comes some questions and a small favor

1. The favor : Could you please edit the chart with time scale to see when we can hit $10K and $1MM ?

2. I believe in "History Does Not Repeat Itself, But It Rhymes", what makes you sure that we will hit $10K and $1MM ?

I tried to add the time scale but im not in front of a PC. My tablet is not runing proper Excel to do that.

But you can use the artificial points to orient:

80k at end 2018 ( Top green marker)

10k support lower channel end of 2022 ( Bottom red square)

1Mio at end 2024 (Top green marker)

Depending on when the next hyperbolic run will start the 10k might be seen first by end 2017 ?

[julian071]

I set a buy order @ €602. Now we wait....

[harrymmmm]

[[...]]

I might agree with you that the answer is not exactly clear; however, you seem to be framing the issue as if the onblock and offblock solutions are equal and competing proposals, which is truly not the case.

The case with seg wit is that it has gone through the early stages of consensus, development and testing, and therefore it is a yes or no vote about whether you agree to going forward with this version.  There is no other version that is competing for attention or approval.. so if you go for the other version, then that version needs to be vetted and to go through testing.. and any code that is currently out there as a supposed competing version is either sloppy, non supported or both.

or Or OR
get this,

it has been tested on a test net, its being used on the main net, and its now being used to mine with >6% of total hash rate.
and you never bothered to look?
granted these are relatively new developments...

Agreed....

But you did forget to mention that the code that's working on main net is only the 0.12 code copied from the core client. None of the new code is being exercised there.
I suspect the testing of that stuff was minimal since they knew they didn't actually need to make it work for a long time.

just because YOU think BU is a hack job of 0.12.0 core code, doesn't make it true.
BU isn't some fly by night let's try to incress the block size group of lazy hackers...
Core isn't the only show in town, get use to it.

I'll ignore the adrenalin and strawmen...

I believe this is the currently active BU branch on github: https://github.com/BitcoinUnlimited/BitcoinUnlimited/tree/0.12.1bu

You can see the new commits (mostly BU-only block size and relay stuff) and the commits behind bitcoin master (mostly segwit commits not added, but also many others related to 0.13.0 and 0.13.1).
You can see it's forked from bitcoin (if you were in doubt!) and labelled as branch 0.12.1bu.

[Karartma1]

sitting and thinking what is the point in the huobi buy and sell those 423 btc...in 1 minute there was 2 time sell that amount of btc and couple seconds later the same amount was buy(maybe for himself )....is the chinese just in my opinion- stupid simple make up the volume? or is there some other reason? Because if there we excludes those 400+ btc trades then chinese exchange is like bitfinex in volume...lol

Huobi volume is fake, it has been for years.

Fractional reseve at its glorious high! According to bitcoinwisdom.com all the three major Chinese Bitcoin exchanges (Huobi, OKcoin and BTCChina) saw a volume of crazy magnitude in the last 30 days:
185 Million BTC 
One can't really believe those numbers are real