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

[molecular]

remember when we had problems with fiat not getting to exchanges fast enough (huge backlogs at mtGox and so on?)

I think we might have the opposing problem: BTC not getting to exchanges fast enough to stop this rocket.

[PoolMinor]

remember when we had problems with fiat not getting to exchanges fast enough (huge backlogs at mtGox and so on?)

I think we might have the opposing problem: BTC not getting to exchanges fast enough to stop this rocket.

[Spaceman_Spiff]

Most bullish chart ever. Breakout after 3 year consolidation.

Not a double top.

It is an extremely good-looking chart indeed.   Now if you could all act very pessimistic and gloomy about the price (and activate Segwit), that would be the icing on the cake   .

[Hunyadi]

remember when we had problems with fiat not getting to exchanges fast enough (huge backlogs at mtGox and so on?)

I think we might have the opposing problem: BTC not getting to exchanges fast enough to stop this rocket.

Yes, that might be the case this time. Now fiat->btc is not a problem anymore. It's crazy how much bitcoin ecosystem has grown during last 3 years  

[molecular]

Most bullish chart ever. Breakout after 3 year consolidation.

Not a double top.

It is an extremely good-looking chart indeed.   Now if you could all act very pessimistic and gloomy about the price (and activate Segwit), that would be the icing on the cake   .

• I highly doubt segwit will activate.
• Price will go sideway or decline.

(In one of these I lied)

[Spaceman_Spiff]

Most bullish chart ever. Breakout after 3 year consolidation.

Not a double top.

It is an extremely good-looking chart indeed.   Now if you could all act very pessimistic and gloomy about the price (and activate Segwit), that would be the icing on the cake   .

• I highly doubt segwit will activate.

Definitely an option in my book.  Core seems uncompromising in its attitude, and a decent amount of bitcoiners seem opposed to them, so 95% seems like an unlikely target.
Quite a shame though, bitcoin could really use all the innovations that an activation would enable (I know you might disagree).  The most likely outcome seems that development will be stalled for a substantial time, which is not a win in my book.  People paying for their pizza with btc would give bitcoin a positive vibe, a larger userbase, and thus more political clout.

[molecular]

remember when we had problems with fiat not getting to exchanges fast enough (huge backlogs at mtGox and so on?)

I think we might have the opposing problem: BTC not getting to exchanges fast enough to stop this rocket.

I'm not frustrated . I'm not selling at this point and if I was, there's enough on-exchange.

Just trying to assess the situation: so if this is indeed what's happening, we'll probably see a hefty correction once the mempool starts to clear.

[julian071]

Most bullish chart ever. Breakout after 3 year consolidation.

Not a double top.

It is an extremely good-looking chart indeed.   Now if you could all act very pessimistic and gloomy about the price (and activate Segwit), that would be the icing on the cake   .

• I highly doubt segwit will activate.

Definitely an option in my book.  Core seems uncompromising in its attitude, and a decent amount of bitcoiners seem opposed to them, so 95% seems like an unlikely target.
Quite a shame though, bitcoin could really use all the innovations that an activation would enable (I know you might disagree).  The most likely outcome seems that development will be stalled for a substantial time, which is not a win in my book.  People paying for their pizza with btc would give bitcoin a positive vibe, a larger userbase, and thus more political clout.

It would, just look at the huge opportunity that is being missed right now with the cash money-debacle in India. An altcoin or multiple altcoins will fill that hole, as BTC development is just too slow and not really focussed on making BTC a viable option for low value transactions. BTC will just be the settlement layer for higher value transactions (hopefully).

[Spaceman_Spiff]

Most bullish chart ever. Breakout after 3 year consolidation.

Not a double top.

It is an extremely good-looking chart indeed.   Now if you could all act very pessimistic and gloomy about the price (and activate Segwit), that would be the icing on the cake   .

• I highly doubt segwit will activate.

Definitely an option in my book.  Core seems uncompromising in its attitude, and a decent amount of bitcoiners seem opposed to them, so 95% seems like an unlikely target.
Quite a shame though, bitcoin could really use all the innovations that an activation would enable (I know you might disagree).  The most likely outcome seems that development will be stalled for a substantial time, which is not a win in my book.  People paying for their pizza with btc would give bitcoin a positive vibe, a larger userbase, and thus more political clout.

It would, just look at the huge opportunity that is being missed right now with the cash money-debacle in India. An altcoin or multiple altcoins will fill that hole, as BTC development is just too slow and not really focussed on making BTC a viable option for low value transactions. BTC will just be the settlement layer for higher value transactions (hopefully).

If lightning works as promised/thought, then plenty of low-value transactions would be made with btc.

[savetherainforest]

remember when we had problems with fiat not getting to exchanges fast enough (huge backlogs at mtGox and so on?)

I think we might have the opposing problem: BTC not getting to exchanges fast enough to stop this rocket.

I'm not frustrated . I'm not selling at this point and if I was, there's enough on-exchange.

Just trying to assess the situation: so if this is indeed what's happening, we'll probably see a hefty correction once the mempool starts to clear.

On Huobi I think the correction will go from ~5450 CNY to ~5325 CNY ... But it is very uncertain for now if it does not want to go another leg up 15-20$ ... and then go back a 10-15$ correction.  

[toknormal]

When is Lightning going to get launched for "ordinary people" to try ?

When is Segwit getting launched ?

Is it getting launched ?

[PoolMinor]

When is Lightning going to get launched for "ordinary people" to try ?

When is Segwit getting launched ?

Is it getting launched ?

Here is some info to your query.
https://bitcoincore.org/en/2016/10/27/release-0.13.1/

[rjclarke2000]

When is Lightning going to get launched for "ordinary people" to try ?

When is Segwit getting launched ?

Is it getting launched ?

Here is some info to your query.
https://bitcoincore.org/en/2016/10/27/release-0.13.1/

For someone who isn't a miner or computer wizard like myself this is tricky to understand. So it may NOT be activated?

[Lionidas]

China currency keeps devaluing. So i guess Trump was better for BTC.


Make Bitcoin Great Again!!!!

Had to dig this post up from two weeks ago but I guess you were right about this one.
How can it be doubted now with this result we have now?
Up past the moon!

[Fakhoury]

When is Lightning going to get launched for "ordinary people" to try ?

When is Segwit getting launched ?

Is it getting launched ?

Here is some info to your query.
https://bitcoincore.org/en/2016/10/27/release-0.13.1/

For someone who isn't a miner or computer wizard like myself this is tricky to understand. So it may NOT be activated?

Yes, there is a possibility.

[Spaceman_Spiff]

When is Lightning going to get launched for "ordinary people" to try ?

When is Segwit getting launched ?

Is it getting launched ?

Here is some info to your query.
https://bitcoincore.org/en/2016/10/27/release-0.13.1/

For someone who isn't a miner or computer wizard like myself this is tricky to understand. So it may NOT be activated?

IIRC LN is possible without Segwit, but it is a lot more complicated to create that way.

[toknormal]

Here is some info to your query.
https://bitcoincore.org/en/2016/10/27/release-0.13.1/

Thanks PoolMinor

[GreekGeek]

Most bullish chart ever. Breakout after 3 year consolidation.

Not a double top.

Now this is a nice 2.5 years cup and handle

[julian071]

It's happening... Right?

Edit: clearly someone wants to send the message: not yet. Expensive, messaging like that.

[hulla]

Oh my God. Guys,you're moving literally now cos the price of bitcoin is going up steadily and checking the current price of bitcoin now. We are at 775.00 US Dollar