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

[york780]

Yes yes ETF amazing recovery etc etc blablabla. Thats not the point. Why are the shitty altcoins pumping like hell and we are stagnating and losing 5 % marketcap ? And volume is really low.

[york780]

Maybe thats it. Then we dont have to worry. But what if it is because of the hard fork rumours? Vinny lingham sold his stash because of it. Africoin takes it in his charts. Vinny Lingham is right most of the time. It just looks strange to me thats all.

[gentlemand]

Maybe thats it. Then we dont have to worry. But what if it is because of the hard fork rumours? Vinny lingham sold his stash because of it. Africoin takes it in his charts. Vinny Lingham is right most of the time. It just looks strange to me thats all.

Anyone 'hedging' with alts is likely to get a large kick in the bollocks if BTC does fragment. No shitcoin would save you from the fallout. I think I'd be walking before that happened.

If it can happen once in these deeply odious circumstances then it can carry on happening until there's nothing left.

[Torque]

Maybe thats it. Then we dont have to worry. But what if it is because of the hard fork rumours? Vinny lingham sold his stash because of it. Africoin takes it in his charts. Vinny Lingham is right most of the time. It just looks strange to me thats all.

If Vinny Lingham sold all his Bitcoin because he thinks we should all go into 'panic mode' over a potential contentious HF, then either he is a poor investor (weak hand), a colluder, or a con artist.

He's also been calling for an Altcoin crash (which I agree will happen, but would be pretty normal behavior after a massive PnD).

Remember, Mike Hearn has been pretty dead wrong after he supposedly sold all his bitcoin, and people hung on his every word too.

[JimboToronto]

Good AM Bitcoinland.

Quiet around here today. Mostly talk about hardware wallets with a little bit of alt shilling and bull/bear banter.

Meanwhile the price of Bitcoin keeps creeping upward... currently $1223USD at Bitcoinaverage.

For cold storage, I'll stick to "paper" which can really be anything from encrypted flash to actual ink and paper. It's cheap and secure.

Alt coins? Go ahead if you're so inclined. Some folks like to collect china dolls, plates and figurines. Others prefer fine art and musical instruments. There's no accounting for taste. Just don't think your numbered prints are fine art.

As for bulls and bears, I think the bears have suffered enough lately. I was far more inclined to post bear denigration images when they were swaggering so obnoxiously back in 2014-5. Let them lick their wounds in peace.  

[Mervyn_Pumpkinhead]

If you think of a cryptocurrency like a fad and it's long term success or failure based purely on which direction its price is moving in the short term, then you're doing it wrong.

If you think that you can make long term predictions with crypto, then you're either incredibly smart or incredibly stupid

Cryptos are like blunt knives that are made out of innovative material. The material truly is amazing and the right salesman can actually sell these knives by getting people excited about the innovation side, while helping them forget that the knife is actually useless in practical work.
If you want to predict crypto, then you have to predict what will get people excited and how will the people holding most weight in the market benefit from it. Doing that in long-term perspective seems difficult to me. And if you try to predict crypto by what gets you excited, then you're gonna have a bad time.

[Torque]

If you think of a cryptocurrency like a fad and it's long term success or failure based purely on which direction its price is moving in the short term, then you're doing it wrong.

If you think that you can make long term predictions with crypto, then you're either incredibly smart or incredibly stupid

Cryptos are like blunt knives that are made out of innovative material. The material truly is amazing and the right salesman can actually sell these knives by getting people excited about the innovation side, while helping them forget that the knife is actually useless in practical work.
If you want to predict crypto, then you have to predict what will get people excited and how will the people holding most weight in the market benefit from it. Doing that in long-term perspective seems difficult to me. And if you try to predict crypto by what gets you excited, then you're gonna have a bad time.

Spoken like a true two-bit day trader.

You and MatD buddies? Lol

[Mervyn_Pumpkinhead]

Spoken like a true two-bit day trader.

You and MatD buddies? Lol

01

[silverfuture]

Yes yes ETF amazing recovery etc etc blablabla. Thats not the point. Why are the shitty altcoins pumping like hell and we are stagnating and losing 5 % marketcap ? And volume is really low.

Imagine the walls we'll observe when that value comes back into Bitcoin.

[york780]

Thats true. I hodl. I think that the Segwit vs BU is the last horde that bitcoin has to take before it moons.

[Johnny00]

Yes yes ETF amazing recovery etc etc blablabla. Thats not the point. Why are the shitty altcoins pumping like hell and we are stagnating and losing 5 % marketcap ? And volume is really low.

Imagine the walls we'll observe when that value comes back into Bitcoin.

BTC doesn't have a catalyst to go higher right now so people see a stable BTC price and will go into altcoins. Hence the pump. after the pump i assume money will go into LEGIT projects. BTC should be flat next few months

[Dafar]

Yes yes ETF amazing recovery etc etc blablabla. Thats not the point. Why are the shitty altcoins pumping like hell and we are stagnating and losing 5 % marketcap ? And volume is really low.

Imagine the walls we'll observe when that value comes back into Bitcoin.

BTC doesn't have a catalyst to go higher right now so people see a stable BTC price and will go into altcoins. Hence the pump. after the pump i assume money will go into LEGIT projects. BTC should be flat next few months

How about increasing demanding and limited supply?

We always need a catalyst to move up? What is the catalyst in these alts? "hey bitcoin's not going anywhere, let's yolo in one of these alts that might pump for no reason"

[Kramerc]

Yes yes ETF amazing recovery etc etc blablabla. Thats not the point. Why are the shitty altcoins pumping like hell and we are stagnating and losing 5 % marketcap ? And volume is really low.

Imagine the walls we'll observe when that value comes back into Bitcoin.

BTC doesn't have a catalyst to go higher right now so people see a stable BTC price and will go into altcoins. Hence the pump. after the pump i assume money will go into LEGIT projects. BTC should be flat next few months

The only thing bitcoin needs in order to go higher is more buyers. And bottom sellers.

So, who sold the bottom?

[JimboToronto]

Yes yes ETF amazing recovery etc etc blablabla. Thats not the point. Why are the shitty altcoins pumping like hell and we are stagnating and losing 5 % marketcap ? And volume is really low.

Imagine the walls we'll observe when that value comes back into Bitcoin.

BTC doesn't have a catalyst to go higher right now so people see a stable BTC price and will go into altcoins. Hence the pump. after the pump i assume money will go into LEGIT projects. BTC should be flat next few months

If the ETF had been approved, it would have greatly increased the advantage that Bitcoin already enjoyed over altcoins.

Perhaps the altcoin rally was just based on altcoiners getting a renewed sense of worth.

So, who sold the bottom?

Weaklings. 

[Arcteryx]

Trapped all you guys waiting to buy the dip good!!
Ingenious!!

It's jumping now at $1200 exactly.

This should be the motto of bitcoin price watching:

Losers focus on losers,
Winners focus on winners.

Small faux pas.

[mckk]

Can someone tell me whats wrong about hardfork?

From what i understand hardfork will less to splitting bitcoin to two versions: old wih 1 MB blocks and new BU or SegWit. Whats the problem with that?

And one more question - if i have 10 BTC, Whats gonna happen when there will be hardfork announced? How coins will be splitted into new and old version?

[gentlemand]

Can someone tell me whats wrong about hardfork?

From what i understand hardfork will less to splitting bitcoin to two versions: old wih 1 MB blocks and new BU or SegWit. Whats the problem with that?

And one more question - if i have 10 BTC, Whats gonna happen when there will be hardfork announced? How coins will be splitted into new and old version?

The thing that really counts that makes Bitcoin worth anything is trust and confidence.

A contentious fork, no matter whether that's one from the 'good' guys or the 'bad' guys shakes that quite significantly however you want to frame it. If something potentially unhealthy can be pushed through when many are unwilling that doesn't set a good precedent for future battles.

There may be many more controversies - privacy, changing the total amount, changing the block reward etc.

It doesn't really matter if an alt forks, that's just one of many. It does matter if the foundation of the entire scene can be wobbled in this way. Then again perhaps that's exactly what's needed to break out of this deadlock. It's getting old now.

And assuming both chains survived, you'd have the exact same amount of coins on both chains.

[bitserve]

WTF happens with kraken? One thing is stop losses that takes ages to execute.... but now I have a market order "hanging" for minutes without execution... this is a joke!

[LFC_Bitcoin]

I haven't posted much since the ETF rejection, I've been following the price several times a day though & it's great to see that the price recovered well.

HODL strong gentlemen, the moon awaits.

[becoin]

Can someone tell me whats wrong about hardfork?

From what i understand hardfork will less to splitting bitcoin to two versions: old wih 1 MB blocks and new BU or SegWit. Whats the problem with that?

There won't be new bitcoin version. Bitcoin will be the same as it is now. Just a new altcoin will be created - BUcoin. There is nothing wrong with that.

If BUcoin uses Bitcoin's transaction history you will have 10 BUcoins in addition to your 10 Bitcoins. If BUcoins are worth something you can sell them and buy more bitcoins. Nice, isn't it?