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

[slap]

Another test of the high 900s, then I believe we'll leave the triple digits for good this time.

I can agree on this. Be careful though, you will be considered a fudding bear now.

[1715148741]

1715148741

[Ted E. Bare]

I can't see it go much lower than $980 with a lot of people still trying to get in and the shooters having to close their positions. New floor at $1000?

[gembitz]

^tl;dr we fixed the scaling problem for another couple years = 2MB nextttt :-D

Yeah.  You keep repeating this stupid, nonsensical and lame fantasy point.

Who is the "we"?  

and what is the supposed actual fix?

beyond your merely asserting it over and over in order to get attention with misinformation?

^the lightning network/core cartel are going to realize what we have done!? lol

Still aspirational gobbledygook stated as if it were facts.

I understand that there are various second layer solutions, including lightning network, that would likely be able to more easily build, once seg wit goes live - but we all should know by now that the support for segwit has not been growing.. and it seems to be somewhat flat at the moment - unless there is some kind of under ground support that is still working on getting it's shit together regarding signaling for segwit.

Concededly, we are a bit less than 3 months into the signaling for segwit period, so we have another 9 months or so before other considerations may need to be employed - if this one does not get activated in that time under currently proposed conditions.  

It does seem that activating seg wit would be very good and bullish for bitcoin, and probably much beyond a $2k scenario (even though nothing is guaranteed in bitcoinlandia)

^SegWit sounds like a good idea imo, however this is not the final solution to the blocksize issue...i think segwit & increase to 2MB will give us a few more years to dream up a long term strategy!! :-D

[600watt]

Just saying a revisit of 900 will do no harm to the obvious bulltrend. Healthy actually.

if it would go down to $800 and even a bit lower it would not harm it, imho.

[JimboToronto]

I said I am still holding. I'm not frustrated with price heading up. A down move would hurt though.
Just saying a revisit of 900 will do no harm to the obvious bulltrend. Healthy actually.

Sorry about missing that you were holding. I just think that perhaps you were overreacting to a very small dip after a considerable rally of six consecutive green daily candles (and 10 out of 11).

Obviously some kind of correction/profit-taking was overdue. $30-$40 is reasonable after an increase of around $150. Going all the way back down to $900 is a bit of a stretch, IMO.

But I must say, when one writes something that doesnt sound like a moon-remark, one is burnt to tbe ground. Now, why is that?

LOL. Welcome to Bitcointalk.

I guess you weren't here in 2014 and early 2015 when this place was dominated by bearish threads with images of sinking ships, burning buildings, crashing trains, Wile E. Coyote bashing his head against increasingly lower ledges, Finnish beer labels featuring bears, etc. Anyone who didn't click their heels and agree that Bitcoin was dying was treated like a pariah.

That was during a bear market. Now that Bitcoin is back to its usual bull market, you shouldn't be surprised at the turnaround. It's just fair play.

if it would go down to $800 and even a bit lower it would not harm it, imho.

Even if it were to somehow fall even lower than that, it wouldn't harm it. It might set it back temporarily as it did in late 2011 or in 2014-5.

Just as Kwukduck regrets selling for $10, others regret selling for $0.10 and others for $100. Soon people will regret selling for $1000.

Despite being a holder, I've considered spending my original investment to buy something nice when the price reaches 5 digits.

Will I end up regretting selling for $10,000?

[slap]

thanks Jimbo, appreciated.
I might have overreacted on beecoin's post to.

Actually, I was around that depressing time and holded all the time, and even bought more.

GL

[JimboToronto]

I was around that depressing time and holded all the time, and even bought more.

Right on. That was the only sensible thing to do.

That day in mid-January 2015 when it fell below $200 was the last time I bought more than 10 coins in a single day.

Yes, that raised my dollar cost average but I don't regret it. Some people pooh-pooh the idea of buying the dips and holding, but it has been good to me.

Now that my coins are worth $1339CAD each, all those coins I bought on every dip from $700 down to $200 and back up to quadruple digits seem like a real bargain. Even the ones I bought a few weeks ago are looking pretty good.

Good luck to you too.

[Wolf Rainer]

Another test of the high 900s, then I believe we'll leave the triple digits for good this time.

Today will be the last day we'll see bitcoin at triple digits, at least for a couple of weeks/months. Tomorrow the up trend will continue leaded by the Chinese market and in the middle of the next week we'll test the $1200.

[Ted E. Bare]

Looking very very good.

[gembitz]

Looking very very good.

^yessir we have a bright year ahead of us! Bitcoin will be actually helping people!

 

[JimboToronto]

Today will be the last day we'll see bitcoin at triple digits, at least for a couple of weeks/months..

It still hasn't dipped down to triple digits yet today and with the price starting to rise again, my guess is that it won't.

China is waking up and with the Chinese exchanges being over $30 higher than the western exchanges despite the absence of phony volume, things are indeed looking very bullish.

[JayJuanGee]

But I must say, when one writes something that doesnt sound like a moon-remark, one is burnt to tbe ground. Now, why is that?
I can agree with the view PoolMinor has somehow, does that make me a bear? So be it.
Good luck to all of you.

You can say whatever you want, but if you are saying stuff that makes little sense and does not seem to be supported by evidence, then other posters might question you.

PoolMinor made a lot of decent points, and contrary to his feeling sorry for himself, he is criticized for attempting to place too much mathematics in his vague prediction and attempting to tailor his prediction in such a way that he will be correct no matter what.

of course, it is reasonable that there could be a 15% or more correction at any time, but it makes less sense to be imminent at any moment versus happening in the $1050 to $1180 price arena... and his vague and superficial analysis that claims to be relying on charts and math does not really specificy either probabilities or the actual range that he believes such a correction to take place while leaving the matter so vague to imply that a price correction is imminent at this particular moment (which does not seem to be supported by logic). 

So, he get's attacked for his ongoing failure and refusal to explain the basis for his prediction rather than the fact that such prediction happens to be a bit more bearish than the prediction of some other posters in this forum.

[gembitz]

Today will be the last day we'll see bitcoin at triple digits, at least for a couple of weeks/months..

It still hasn't dipped down to triple digits yet today and with the price starting to rise again, my guess is that it won't.

China is waking up and with the Chinese exchanges being over $30 higher than the western exchanges despite the absence of phony volume, things are indeed looking very bullish.

^alot of people want to see what the cryptocurrencies have to offer ! Bitcoin is the biggie ... i see a huge consolidation taking place with scams like onecoin getting shut down :-D

[DoktorKopf]

^yeah it will take a miracle to save the naked shorts now! :-D poor china

you keep saying this 'naked shorts' - I don't think it means what you think it means.

There are no 'naked' shorts in bitcoin, it comes from a time when there was a gap of some days between trade and settlement, when the very brave could 'sell' without having borrowed the underlying and have a few days to rebuy before the books were reconciled. I don't know of any bitcoin exchange that allows you to sell without owning or borrowing (against collateral that would be called).

I suppose if your tinhat is especially shiny you might think the house itself plays that game...

[Genesis1337]

People are finally opening their eyes to bitcoin!!!    How can the governments around the world crush this rally?

[gembitz]

^yeah it will take a miracle to save the naked shorts now! :-D poor china

you keep saying this 'naked shorts' - I don't think it means what you think it means.

There are no 'naked' shorts in bitcoin, it comes from a time when there was a gap of some days between trade and settlement, when the very brave could 'sell' without having borrowed the underlying and have a few days to rebuy before the books were reconciled. I don't know of any bitcoin exchange that allows you to sell without owning or borrowing (against collateral that would be called).

I suppose if your tinhat is especially shiny you might think the house itself plays that game...

^Chinaman exchanges are short bitcoin!! Pure and simple...fraud on exchanges :-D

[JayJuanGee]

^tl;dr we fixed the scaling problem for another couple years = 2MB nextttt :-D

Yeah.  You keep repeating this stupid, nonsensical and lame fantasy point.

Who is the "we"?  

and what is the supposed actual fix?

beyond your merely asserting it over and over in order to get attention with misinformation?

^the lightning network/core cartel are going to realize what we have done!? lol

Still aspirational gobbledygook stated as if it were facts.

I understand that there are various second layer solutions, including lightning network, that would likely be able to more easily build, once seg wit goes live - but we all should know by now that the support for segwit has not been growing.. and it seems to be somewhat flat at the moment - unless there is some kind of under ground support that is still working on getting it's shit together regarding signaling for segwit.

Concededly, we are a bit less than 3 months into the signaling for segwit period, so we have another 9 months or so before other considerations may need to be employed - if this one does not get activated in that time under currently proposed conditions.  

It does seem that activating seg wit would be very good and bullish for bitcoin, and probably much beyond a $2k scenario (even though nothing is guaranteed in bitcoinlandia)

^SegWit sounds like a good idea imo, however this is not the final solution to the blocksize issue...i think segwit & increase to 2MB will give us a few more years to dream up a long term strategy!! :-D

O.k.. it appears that we agree that seg wit is going to be beneficial to some of the scaling matters as long as it passes at some point in the near future.

Don't get me wrong.  I am not proclaiming that the future does not matter; however, there are frequently lots of suggestions that bitcoin has to be made in such a way that is future proof.. blah blah blah.. but that is really a silly ass argument.

It is likely that scaling is going to be an issue for bitcoin for a long time into its future, so yeah, the question will have to be revisited from time to time, unless for some reason seg wit solves all the scaling issues.. which does not seem to be too likely... but anyhow, sometimes, there is a need to verify how one application and stage plays out before taking any actions or planning specifics for future actions (even while at the same time preparing that there may be various scenarios that play out and various kinds of plans that can tentatively be made in order to prepare for the future).  At the same time, it does not seem prudent to plan and or prepare for specifics of a future when some of the material factors might not be currently known... so yeah, there can be a framework in place to prepare for the future, but maybe the framework may even need to be tweaked, if some future events play out a bit differently than what had been anticipated in earlier days.   

In other words, one step at a time... before getting all hot and bothered about the next step before the previous step has even played out.

[AlexGR]

People are finally opening their eyes to bitcoin!!!   How can the governments around the world crush this rally?

By hiring "forking" actors. Forks and threats of forks are traditionally bad for price. And just when price is starting to go well, just like clockwork, the forking drama is reignited. These people are cancer. We are just lucky that demand is so heavy that it exceeds the possible short-term problems created by the drama.

[JayJuanGee]

thanks Jimbo, appreciated.
I might have overreacted on beecoin's post to.

Actually, I was around that depressing time and holded all the time, and even bought more.

GL

What has been your BTC strategy, slap?   When did you start buying?  Do you sell too or short, or just buy and HODL?

[European Central Bank]

By hiring "forking" actors. Forks and threats of forks are traditionally bad for price. And just when price is starting to go well, just like clockwork, the forking drama is reignited. We are just lucky that demand is so heavy that it exceeds the possible short-term problems created by the drama.

i've yet to see any fork talk affect the price. it's a long term and ongoing cancer, not like a china ban or gox death that's instant. the only time there will be an effect is if it's clear there is going to be contentious fork after which there might not a be a price at all.

and traders don't seem to care about a clogged network either.