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

[mymenace]

in the meanwhile LTC is rallying. Looks like something is afoot.

Segwit on the way for LTC, great news for BTC... a solid test that should get some more support.

I really hope it will be activated soon.

Yes, that's a good stage to get a rough idea of what that will be for bitcoin as well. Only one real concern is always present: I don't feel much comfortable knowing that a large pool (f2pool) controls more than 50% of the global hashrate.
Anyway, I care about segwit's adoption to see whether that works or not.

I for one reject segwit on political grounds.

But who am I? I'm not even mining any more.

yeah feels like the liberals got in and told them how it is all going to fall down if we do not invade the code

[rjclarke2000]

Oh no, here comes the Segwit war over the next 3 pages........

[savetherainforest]

in the meanwhile LTC is rallying. Looks like something is afoot.

Segwit on the way for LTC, great news for BTC... a solid test that should get some more support.

I really hope it will be activated soon.

Yes, that's a good stage to get a rough idea of what that will be for bitcoin as well. Only one real concern is always present: I don't feel much comfortable knowing that a large pool (f2pool) controls more than 50% of the global hashrate.
Anyway, I care about segwit's adoption to see whether that works or not.

I for one reject segwit on political grounds.

But who am I? I'm not even mining any more.

yeah feels like the liberals got in and told them how it is all going to fall down if we do not invade the code

I for one think its too early.

Maybe in 20-30 years. And if it goes down badly... then the users/adopters will start voting with their computers, having enough processing power to fight against it. Or... maybe in 3-4 years... Cuz if we go the 20-30 years thingy ... then the miners might have equipment that is quantum and Moore's Law would not apply anymore because there would be no "moore" after the last more.. Meaning if we have it in 2-3 years... we have enough adopters to rebel if it goes wrong... and the technology we know it can go "moore"  .. And for them it would be a cost/investment burden just to maintain political power..

[Spaceman_Spiff]

Chart is looking good imho (but I appear to be prone to bullish optimism lately): 950-960 incoming?

[Searing]

Oh no, here comes the Segwit war over the next 3 pages........

Whatever a solution would be nice. It is like them middle ages and moving gold to and fro on an ox cart.

I have a bitmixier.io signature payment on here of 22 bucks .mine and a bunch of others are unconfirmed since at least this time yesterday.

Which ever sig witness or block size increase...something better get done...or we will never get any kinda balance on transaction times again

(then again Litecoin is doing seg witness and other stuff...maybe that is why it is pumping...planning a 'slow' pass on BTC ....heh I crack myself up ...naw!)

Glad this did not happen on my transaction of 30 bucks the other day to newegg.com they have a 1 hour limit to conform

Can you imagine what the price of BTC could go to if this week the whole thing was resolved....I mean even it it took 6 months to resolve it  but a timeline/plan
of such would be enough..... just a "real'

deal fix....wow moon indeed!

[Roccker]

Was this a bubble or not




So where are we..
I guess 'Return to normal'?


Like almost always i will just hold

This bubble by comparison to the last one felt very short. (Perhaps my feeling is not right here)
I was waiting for the cracyness of the forums, 'to the moon' and 'new paradigm!' and 'we did it!' but just feeling-wise there was not much of it.
The same with the screaming when it went down, it didn't seem so severe to me. (I have no metrics, just reading the forum)
Did we grow up?

So, this 'Mini-bubble', does it destroy confidence - meaning everybody expects the next bubble always being like 4 times the last one. But this one was the same.
(So next time people don't hope for so much anymore but really sell at 1000. ?)

Right now i guess the sentiment is it will go down a bit (700-800) but recover quickly in some months to go over 1100. Or is it just me.
Afraid of 600 a bit, thinking that it could mean bitcoin's normal range is in the 200-1200 range. I am a newb.

[Hunyadi]

Bubbles everywhere... 

[Cassius]

Personally I wouldn't call that a bubble. It was just the market getting ahead of itself and then correcting. Price =/= value and at that point, price overtook value. Now it's back to arguably closer to where it should be.

[EatonABooger]

I believe we will see a potential "bubble" or at least a new plateau when the COIN ETF is approved.
I know it has been mentioned and discussed every few weeks in a passing comment, but seriously - if we were to know just how much money is there waiting in personal retirement funds that will go to this ETF.

There are many "old folks" like me that have substantial savings that currently cannot be spent on BTC as it is tied up in corporate approved mutual funds and the SEC approved stocks/bonds.

once we have the COIN ETF, I know a substantial portion of my 401k will funnel to it.  I think once the word gets out, it will be follow the leader and quite a price jump will result.

[notme]

First sell off / bear trap.  Return to normal will come much later.

[rjclarke2000]

I'm playing the long game here. 7-8 years and see where we are at. Until then, ride this roller coaster.

[Hunyadi]

once we have the COIN ETF, I know a substantial portion of my 401k will funnel to it.

This makes sense. The investment horizon is long and bitcoin's price should be a lot more expensive than now or zero  Everyone who has 401k should allocate like 0.1% to COIN ETF 

[boyshx]

It looks like the market was moving faster than I calculated and already completed A and we are now in B, possibly already after the top of it.
If the B scenario will become true, I expect to go sideways for the next 4 - 7 days, and then correct 30%, to about 660$ on western exchanges.

well, so far it's been going sideways for two days since you posted this.

[LFC_Bitcoin]

I'm playing the long game here. 7-8 years and see where we are at. Until then, ride this roller coaster.

I sold a few over Xmas but only a small % in relation to my cold storage stash. I'm happy to wait at least another 5 years too now.

Ride that rollercoaster.

[Meuh6879]

Whatever a solution would be nice.

point a gun on the farm miners ... nodes are not the problem, here.
55.3 % are SEGWIT ACTIVATED.

[Torque]

once we have the COIN ETF, I know a substantial portion of my 401k will funnel to it.

This makes sense. The investment horizon is long and bitcoin's price should be a lot more expensive than now or zero   Everyone who has 401k should allocate like 0.1% to COIN ETF  

The majority of 401k holders in the U.S. cannot do this, as they have corporate managed plans. The 401(k) vendor (mutual fund firms, brokerage houses or insurance companies) controls the investment options available in the plan, which are all actively managed funds. This is by design, as these funds charge significantly higher management fees.

The holders will likely never find a BTC ETF in their corporate 401k plans as an option. At least not any time soon.

Despite what they tell you, I believe that corporate 401k plans have become a complete scam (despite a company matching contribution), as the 401k vendors and managers will reap the biggest benefits, skimming their cut of returns along the way with high management fees etc., leaving you with FAR less return than you would of had when you retire.

[sulfurtank]

Oh no, here comes the Segwit war over the next 3 pages........

Doh... segwit will not be activated before september. Theoretically it's possible but there are no political reasons for such advance, at least for now. The time between now and august will be used by smart ones to convert as more real properties to bitcoin as they can afford and not get destitute. Pump will come in the last week of september.

[JimboToronto]

Good morning Bitcoinland.

Still consolidating after all that drama last week. We're basically where we were Friday... currently $911USD (Bitcoinaverage).

Remember December when we didn't know if it would reach $800 by the new year? $900 ain't so bad.

[savetherainforest]

Good morning Bitcoinland.

Still consolidating after all that drama last week. We're basically where we were Friday... currently $911USD (Bitcoinaverage).

Remember December when we didn't know if it would reach $800 by the new year? $900 ain't so bad.

Bonjour to you too young man!


The chill of Europe and the silence in this place brings a sentiment of a huge storm that is to come!  

[Torque]

Stamp offline?