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

[Ted E. Bare]

From the looks of it you have to be extremely fast to buy at under 1100.

[600watt]

Get ready for dat bounce

you scared me for second. thought you meant dead cat.

[york780]

https://www.tradingview.com/chart/BTCUSD/ST356mvt-03062334-BITCOIN-BE-PREPARED/

Just click at the play button and ee the we are half away in the down movement !

Thank me later

[LFC_Bitcoin]

Nah nothing to worry about buddy. Price will stop tanking & go back up again soon. Opportunity to pick up cheap coins.

[springgers]

800 is only possible with more FUD

I like to think that FUD and FOMO are just an excuses for things that are bound to happen regardless.

Oh shut up already.
We all can see what you are trying to do with our views on bitcoin.
It will live on and theres nothing you or anyone else even those idiots at B-Limit(U) can do about it now!

[Ted E. Bare]

So, did you get it this time Adam? Bought the bottom?

[springgers]

https://www.tradingview.com/chart/BTCUSD/ST356mvt-03062334-BITCOIN-BE-PREPARED/

Just click at the play button and ee the we are half away in the down movement !

Thank me later

Cool story there bro!
Now just need to back it up with more facts!

More cow bell now! MOrrreeee Coooowwwwwwwwww Beeeeeeeeeeeeeeelllllll!

[Torque]

[P_Shep]

I'd like to buy some more bitcoin, so if we could just lower the price more, that'd be great.

[york780]

We will. You can buy in triple digits this weekend! BTC will drop 100 EUR more. I hope its cheap enough then.

[Ted E. Bare]

We will. You can buy in triple digits this weekend! BTC will drop 100 EUR more. I hope its cheap enough then.

You want to make a bet? This will not happen imo.

[Meuh6879]

Drop below 1000 euros is highly possible.
Cheap coins will be available on Monday.

[becoin]

The sooner people with "unlimited" stupidity get their own coin the better!

[tk3609]

800 is only possible with more FUD

I like to think that FUD and FOMO are just an excuses for things that are bound to happen regardless.

Oh shut up already.
We all can see what you are trying to do with our views on bitcoin.
It will live on and theres nothing you or anyone else even those idiots at B-Limit(U) can do about it now!

You can blame BU, Altcions, ETF disapproval mind anything you want. But the main thing is that we are rising for 1.5 years without any major retracements of a full 1.5 year cycle. If you want a 5000$ rise and than dump to the ground thats ok. I prefer to retrace now, even to 500$ and than have a strong start for 3000$ in the future.

I'm not vouching for any forks, I don't like both segwit and bu. I'm happy with high transaction fees.

[Killerpotleaf]

7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).

There is already several 10s of thousands transactions waiting for confirmation at most times. As you said, the chaos of a contentious hard fork would possibly increase transaction rates for a time (there will definitely be a lot of people disassociating their bitcoins coins from BUtcoins, which requires transactions). Also, there is the potential for additional spam attacks on both chains. I expect that should BU fork, they will go with the default size of 16 MB at first, just because who changes default settings? I fully expect those BU blocks to be full for a long time (they may even increase soon because of that, I mean, that is their MO). That means, in 60 days the BU chain will have doubled the size of the existing 8 year old chain, plus some.

Just something to ponder.

default setting for BU is 1MB

My mistake, I was remembering this post from PeterR.

I'm signalling to miners that I'm ready for bigger blocks by running a node which permits up to 16 MB today.

...and I somehow was under the impression that was default.

Still, BU will increase the size, because there will be a back log of transactions (one already exists in most cases), and blocks will be slower than normal because the hash rate will be divided (further increasing the back log). I mean, that's the goal of BU, isn't it? Scale on chain to get rid of this back log and reduce fees for coffer drinkers?

nodes default at 16MB
miners default at 1MB EB and generation size.

what the individual members of BU want is only a small influence that will guide BU miners to set a good EB
its not like miners will simply forgot about all the reasons to keep blocks small.

[york780]

Maybe even on sunday already. 1000 EUR bottom is already tested 3 times this day. That means because of the 3 cat bounce law that we will break trough the 1000 EUR floor.  Still wondering why people cant count to 3 and why they buy in fake dips.

[Meuh6879]

Next impact have been calculated, my friend.

[york780]

Good job! We will triumph this weekend, always trust the 3 cat bounce !

[Killerpotleaf]

is crypto done???

No, bitcoin is only one of many cryptos.

[springgers]

The sooner people with "unlimited" stupidity get their own coin the better!

That is great saying.
I want to make a bumper sticker with this on it.
If I can only fit it all on one bumper and not around the entire car.