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

[JayJuanGee]

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?

I am not very technical either, but I think that I understand enough to know that it is quite too early to be able to determine whether seg wit is going to gather enough momentum to activate, and it has a year to accomplish such and it has only just started in the past few weeks.

We would likely be in a much better place to assess the situation in 3-6 months or maybe if we are starting to get pessimistic about its actually being activated, then such pessimism may come at 9 months rather than at 2-3 weeks into it, no?

Sure, possibly current price action is due to the blocking of the ability to move bitcoins right now, but also, there are probably some decent underlying bullish vibes that are continuing upwards price pressures, including optimism about the various potentials of seg wit and the fact that the idea has already been proposed and largely agreed to in theory, the code has already been written and fairly well tested, and it is just a matter of time that it gets activated (or some version of it), and therefore, BULLISH on our current price dynamics.

[Hyperjacked]

Crazy shit.

Beautiful  

Wonder what Blythe babe thinks of the TA  

Disclaimer:love ya Blythe

[Hyperjacked]

This is more like a rattly subway than a train.

Comparing the chart now to that of 3 years ago: agreed.

But there's a corollary to it as well. That statistically inevitable crash of a rattly subway is usually a lot less spectacular than that of some  high-speed train being vaporized after running over a small stone on the rails.

Not sure about stones but once I was young and would put pennies on the track...unfortunately I could never find them after the train past! So I eventually decided to put tar between the penny and the track and it didn't fly as far and could easily be found...

For whatever the hell thats worth...

IMHO this is like a fine oiled machine   

[petahashminer]

Crazy shit.

Beautiful  

Wonder what Blythe babe thinks of the TA  

Disclaimer:love ya Blythe

shit happens.

[DARKHOLDER]

Crazy shit.

Beautiful  

Wonder what Blythe babe thinks of the TA  

Disclaimer:love ya Blythe

shit happens.

FAT FINGERS HAPPEN

[becoin]

It's happening... Right?

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

Nobody cares about messages from insolvent bear whales giving same message from $500 all the way up to $770.
Bitcoin is very cheap. $1000 is just around the corner.

[JimboToronto]

Well good morning Bitcoinland.

I see we not only kept last night's gains, but touched an even higher peak while I was sleeping... currently $775USD/$1032CAD (where it was last night) while reaching a peak of $781USD/$1040CAD, all according to Bitcoinaverage of course.

As I said last night, I expect serious resistance at this point. Hopefully it won't take a month to breach $780 like it did to leave $750 behind.

Go Bitcoin go, onward and upward.

[JayJuanGee]

Crazy shit.

[https://tweakers.net/ext/f/o1aCCPICp0A37u0tPVFkBoaL/full.png[/img]

Beautiful  

Wonder what Blythe babe thinks of the TA  

Disclaimer:love ya Blythe

shit happens.

FAT FINGERS HAPPEN

Actually, after reading this above post, I looked at that a little more closely, and it appears that approximately 10k coins were traded in 2 minutes (which would mostly be a dump), so could be fat finger. 

Our ongoing disclaimer remains that we cannot really be sure about what 10k coins mean on any chinese exchange (it may actually mean about 1k coins, and still no insignificant amount of coins to trade in 2 minutes).

[JayJuanGee]

Well good morning Bitcoinland.

I see we not only kept last night's gains, but touched an even higher peak while I was sleeping... currently $775USD/$1032CAD (where it was last night) while reaching a peak of $781USD/$1040CAD, all according to Bitcoinaverage of course.

As I said last night, I expect serious resistance at this point. Hopefully it won't take a month to breach $780 like it did to leave $750   $450 behind.

Go Bitcoin go, onward and upward.

FTFY


I am pretty sure that my edit is what you meant to say.

[JimboToronto]

Well good morning Bitcoinland.

I see we not only kept last night's gains, but touched an even higher peak while I was sleeping... currently $775USD/$1032CAD (where it was last night) while reaching a peak of $781USD/$1040CAD, all according to Bitcoinaverage of course.

As I said last night, I expect serious resistance at this point. Hopefully it won't take a month to breach $780 like it did to leave $750   $450 behind.

Go Bitcoin go, onward and upward.

FTFY


I am pretty sure that my edit is what you meant to say.

No. Actually I was talking about more recently.

It took 5 months (December 2015 - May 2016) to get past $450.

Getting past $750 only took us the entire month of November 2016.

[Hunyadi]

Crazy shit.

That's some forex stuff (stop loss raids for bulls and bears).

[JayJuanGee]

Well good morning Bitcoinland.

I see we not only kept last night's gains, but touched an even higher peak while I was sleeping... currently $775USD/$1032CAD (where it was last night) while reaching a peak of $781USD/$1040CAD, all according to Bitcoinaverage of course.

As I said last night, I expect serious resistance at this point. Hopefully it won't take a month to breach $780 like it did to leave $750   $450 behind.

Go Bitcoin go, onward and upward.

FTFY


I am pretty sure that my edit is what you meant to say.

No. Actually I was talking about more recently.

It took 5 months (December 2015 - May 2016) to get past $450.

Getting past $750 only took us the entire month of November 2016.

Ok...        that makes sense... something like 5 attempts to break through $750.. ,


and yeah, I am not sure.  I am kind of thinking that we could actually experience more intensive resistance that is kind of spread between $780 to $850... so it is really difficult to determine.. because we just got here (meaning in the $750 to $780 range)...

On the daily level, the trade volume has kind of picked up, but that little bit of pick up in trade volume really has not seemed to translate into anything that is showing in any significant way on the weekly volume charts.. which we may need to see weekly increases in trade volume in order to conclude that a meaningful price battle is actually and really and truly commencing..  


Edit:  On the other hand, we also have not really seen any really significant price correction for nearly two months (since lower $600s).. so we could be in for a price correction, but maybe, I am thinking that any kind of meaningful price correction would come after breaking above $780 but before breaking above mid $800s).. that is my tentative thinking (speculation).

[JimboToronto]

@ JJG

I'm just glad we're comparing the struggle over $450 to the battle over $750.

2016 has been a pretty good year so far.
_________

Also, congrats on getting your old account back. I wish Adam would do the same. We need a new poll. 

Any chance of getting the activity points from your temp account transferred to your regular account?

[Karartma1]

Oh yeah, enjoying the ride. I always say that good things come to those who wait. Those of us who have been waiting patiently know that this run is not over yet.
Go on Bitcoin! 

[spooderman]

it feels very stable for it's high price. nice feeling to have. last time it was up here it was shooting around all over the place, changing by hundreds every few hours.

that shit probably won't start happening again until $1600+

[rjclarke2000]

it feels very stable for it's high price. nice feeling to have. last time it was up here it was shooting around all over the place, changing by hundreds every few hours.

that shit probably won't start happening again until $1600+

Even though $750 is normal now, when we were at $400 or so it seemed a dream.


$1600 seems a dream now but when it comes it'll be the next norm! Awesome 

[JimboToronto]

it feels very stable for it's high price. nice feeling to have. last time it was up here it was shooting around all over the place, changing by hundreds every few hours.

that shit probably won't start happening again until $1600+

Even though $750 is normal now, when we were at $400 or so it seemed a dream.


$1600 seems a dream now but when it comes it'll be the next norm! Awesome 

When I first got interested in Bitcoin it was in the $12-$15 range and the $30 it had reached a year and a half earlier seemed like a dream.

After seeing it go to $266 and back down to $50, even $1000 no longer seemed like a dream to me.

After it went up past $1200, back down below $200 and now back up to over $1000 (all Canadian dollars) even $5000 doesn't seem like a dream.

Actually even $10,000 doesn't seem like a dream.

Now $100,000 seems like a dream but we can all dream, can't we?

[JayJuanGee]

@ JJG

I'm just glad we're comparing the struggle over $450 to the battle over $750.


2016 has been a pretty good year so far.

Yep.  I think that sometimes even if we have differing views about price direction or what caused us to get here or whether we should buy, sell or HODL, those who have accumulated some BTC in or before 2016, have done pretty well with such..   

At one low point in early 2015, my BTC holdings were about 65% in the negative, and in early 2016, they were floating around the kind of break even territory... today, they reached high points of about 80% plus in the green (black), which is a decent feeling and a decent cushion.  As I mentioned before, my strategy remains to cash out relatively small portions of bitcoin as the price goes up and I feel no pressing need to cash in upon a 80% profit because my investment and strategy is longer term... and just having a cushion is nice, even if that cushion goes back down from 80% to breaking even (which seems that it would take a whole hell-of-a-lot to accomplish such a price depreciation), I am still feeling pretty good about investing in BTC, continuing to invest in BTC and experiencing (on a personal level with kind of front row seats) how this BTC infrastructure is going to play out (politics, economics, socially, technologically, etc)

_________

Also, congrats on getting your old account back. I wish Adam would do the same. We need a new poll. 

Yeah.. it would certainly be a good thing for Adam to come back in terms of the poll and also in terms of his various other contributions - even if seemingly whimsical and outrageous from time to time.... I think that if he took some efforts to get his regular account back, then also the community could also put a bit a pressure on in order to help to convince admin to get his regular account reactivated.. for the good of the community and good for bitcoin.  (bullish?)

Any chance of getting the activity points from your temp account transferred to your regular account?

I think that those activity points are just going to need to be a kind of write-off... maybe I could figure out some way to incorporate their loss into my BTC expenses (for a kind of tax write-off)? hahahaha

[Fakhoury]

it feels very stable for it's high price. nice feeling to have. last time it was up here it was shooting around all over the place, changing by hundreds every few hours.

that shit probably won't start happening again until $1600+

Even though $750 is normal now, when we were at $400 or so it seemed a dream.


$1600 seems a dream now but when it comes it'll be the next norm! Awesome 

When I first got interested in Bitcoin it was in the $12-$15 range and the $30 it had reached a year and a half earlier seemed like a dream.

After seeing it go to $266 and back down to $50, even $1000 no longer seemed like a dream to me.

After it went up past $1200, back down below $200 and now back up to over $1000 (all Canadian dollars) even $5000 doesn't seem like a dream.

Actually even $10,000 doesn't seem like a dream.

Now $100,000 seems like a dream but we can all dream, can't we?

Guess what, $100,000 is not a dream for me.

For two reasons :

1st : This tweet and only true bitcoiners knows who is Vinny (https://twitter.com/VinnyLingham/status/748668148757336064)

2nd : This tweet and I extremely like BTCC's CEO vision, Bobby Lee (https://twitter.com/bobbyclee/status/801054236117069824)

[JimboToronto]

Yeah.. it would certainly be a good thing for Adam to come back in terms of the poll and also in terms of his various other contributions - even if seemingly whimsical and outrageous from time to time.... I think that if he took some efforts to get his regular account back, then also the community could also put a bit a pressure on in order to help to convince admin to get his regular account reactivated.. for the good of the community and good for bitcoin.  (bullish?)

Indeed. The poll thing was meant as a semi-joke, hence the smiley.

I think lots of people here miss his wine-sotted humor mixed with occasional deep insights.

As for Theymos taking extra trouble to reactivate his account, or Adam doing it himself, I hope the rift between the two of them (over the block-size debate) isn't too great.