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

[kurious]

Did you even read the BIP before asking questions? This does not really need miners, especially not 95% as the BIP9 activation does. It sets a flag day. When this day is reached, anyone running this BIP (Bitfury is already testing it) is producing Segwit blocks and this is compatible with all >0.13.1 nodes.

What sort of timescale are you suggesting for this?

[Fatman3001]

This was somewhat unexpected, I had some shopping plans coming up soon. I guess I'll have to hold onto my Bitcoin.
That aside, this is the direct result of the hard fork (which is unnecessary anyways) propaganda from Ver & Jihan. Not long ago, the SEC decision was a really big event. Tens of thousands of people were waiting for it that day. The negative decision was corrected (price vise) in a matter of days. The price may get even messier, but hopefully $900 holds as some sort of *bottom*. However, keep in mind the following:
Segwit is going to activate, because the economy & supermajority of users are in support of it. Read the BIP 148 UASF Segwit: https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

It takes two to tango, doesn't it?

To the degree people are choosing alts over BTC, Ver & Jihan can hardly be held accountable. Core has dropped the ball. Can they pick it up? That would require a schism (another one) in Core. UASF is almost as divisive as BU. And without leadership...

Anyhew, the current dump is technical. BTC has been running on fumes since the etf deision.

[Lauda]

-snip-
This is why I say I hope you people bought some physical, tangible items with your moon priced bitcoins, because everything about digital currency trading and price is so heinously fraudulent (as can be seen by 0.1 btc priced darkcoins), that it's all going to come collapsing down in a big way someday.  It's obviously not a store of value when nobody is even putting anything of value on the line in a lot of cases in the first place...leveraging illiquid assets...

Enough of your nonsense metals propaganda. The market of metals is one of the corruptest and overpriced markets out there. Neither gold nor silver are worth anywhere near what they're priced at right now (don't make me go into diamonds and other crap).

Did you even read the BIP before asking questions? This does not really need miners, especially not 95% as the BIP9 activation does. It sets a flag day. When this day is reached, anyone running this BIP (Bitfury is already testing it) is producing Segwit blocks and this is compatible with all >0.13.1 nodes.

What sort of timescale are you suggesting for this?

It is already defined in the BIP. October 2017. Anyone who has a client supporting Segwit already does not have to do anything.

It takes two to tango, doesn't it?

There is no tango here.

To the degree people are choosing alts over BTC, Ver & Jihan can hardly be held accountable. Core has dropped the ball. Can they pick it up? That would require a schism (another one) in Core. UASF is almost as divisive as BU. And without leadership...

This is bullshit. Nobody in their right fucking mind would attempt to use one of these scam coins. The only reason that people go in those is to gather more Bitcoin. That said, both Ver & Jihan are directly responsible for this, with their power-grab attempt. Core has done nothing wrong. They provided a very good (Segwit isn't perfect) scaling solution that would provide ~2.1 MB worth of TXs with adoption. In addition to that, they'd implement Schnorr post Segwit which would give the network even more capacity without requiring a HF.

-snip-
argh..just pump to 2k already and I'd not be worrying about frigging 2.25k of btc in my attic in $$$ towards ebay

My understanding is that, some price decline post ETF denial was to be expected and healthy. However, this is starting to become too much. People are *scared*, and this is directly due to the threats from Jihan to fork BTC into BTC & BTU (altcoin). If there was never a BTU, and Segwit activated in late December or early Q1 2017, we could have probably been at $2000 already (at least for a moment).

[Denker]

Im under the impression, this whole BUGcoin drama is just a big shady altcoin pump and etheriums last resort because Bitcoin with SW+Rootstock will make etherium obsolte.

Just enjoy the ride and hop of soon, the whole shitcoin world will collapse soon. Common Darkcoin worth 100 bugs ? Nobody uses darkcoin, blocks are 10kb or something on average.

Yes the FUD is huge and works pretty well for very very few people at the moment. And I agree that due to the fear and uncertainty people started to put money in alts, mostly when they already showed a huge pump, initiated by the schemers in the background.
I will continue watching the situation and how it continues.The alts are definitely in a bubble.But that's another story. In terms of Bitcoin it might become interesting or more heated if we should fall out of the actual channel which many traders have a look at.

[becoin]

York I apologize for publicly criticizing you. Great calls, I must say. Hope you are right. The past week has been kind of stressful for us bitcoiners.

You must really be quite depressed by price going down? Can't you see that yorky is making two opposite calls every 10 minutes? This is the typical chaotic behavior of every noob. Yorky is just more vocal than average noobs.

[r0ach]

-snip-
This is why I say I hope you people bought some physical, tangible items with your moon priced bitcoins, because everything about digital currency trading and price is so heinously fraudulent (as can be seen by 0.1 btc priced darkcoins), that it's all going to come collapsing down in a big way someday.  It's obviously not a store of value when nobody is even putting anything of value on the line in a lot of cases in the first place...leveraging illiquid assets...

Enough of your nonsense metals propaganda. The market of metals is one of the corruptest and overpriced markets out there. Neither gold nor silver are worth anywhere near what they're priced at right now (don't make me go into diamonds and other crap).

Wrong.  The only way you're getting any non-fraudulent economic system on this planet is by using metals in native coin form just like the old days (not backed currency or banker receipts for metals).  If digital currency was actually a good thing for humanity, dirtbag jewish financiers like Ben Bernanke and Larry Summers wouldn't be cheering for you to use it.  There is no possible positive endgame for it.  A non-fungible token is useless and will always turn into an enslavement grid, and an anonymous coin would likely collapse all 1st world governments into anarchy.  

No such thing as anarchy actually exists though.  There is no defeating "the state".  Anarchy is just a temporary power vacuum to be filled by a strongman and then you have a new state.  Since you're a woman and do not understand things like this.  This is the point in which a man (not a woman, women do not run anything) comes in and just smashes to pieces whatever nonsense anarchy delusional system you think you have and tells you what to do.

You think metals are overpriced yet bitcoin (and every other cryptocurrency) solve absolutely NONE of the decentralization problems they claim to solve?  It's likely an unsolvable problem in the first place.  Bitcoin isn't decentralized, Eth isn't decentralized, none of this shit is decentralized.  The group that created bitcoin most likely already knew this, so you then need to direct your attention as to why someone would try to spread this system if it's an unsolvable problem.  Easy, because this is an OLD STRATEGY, to try and spread liberalism and anarchy into foreign civilizations to destabilize them so that you can then come in and take them over:

"14. In any State in which there is a bad organization of authority, an impersonality of laws and of the rulers who have lost their personality amid the flood of rights ever multiplying out of liberalism, I find a new right - to attack by the right of the strong, and to scatter to the winds all existing forces of order and regulation, to reconstruct all institutions and to become the sovereign lord of those who have left to us the rights of their power by laying them down voluntarily in their liberalism."

"6. Political freedom is an idea but not a fact. This idea one must know how to apply whenever it appears necessary with this bait of an idea to attract the masses of the people to one's party for the purpose of crushing another who is in authority. This task is rendered easier if the opponent has himself been infected with the idea of freedom, SO-CALLED LIBERALISM, and, for the sake of an idea, is willing to yield some of his power. It is precisely here that the triumph of our theory appears; the slackened reins of government are immediately, by the law of life, caught up and gathered together by a new hand, because the blind might of the nation cannot for one single day exist without guidance, and the new authority merely fits into the place of the old already weakened by liberalism."

[savetherainforest]

York I apologize for publicly criticizing you. Great calls, I must say. Hope you are right. The past week has been kind of stressful for us bitcoiners.

Dont mention it man. We are here to help each other out.

Don't listen to him... he is a BTU fan! .. he will convert you to the dark side...   


Anyway... "Keep Calm And Buy!"

[Ted E. Bare]

Yes that is true, I'm pretty stressed because of the price action indeed. I guess we've had the worst. Let's hope.

[york780]

Yes that is true, I'm pretty stressed because of the price action indeed. I guess we've had the worst. Let's hope.

Looks like some desperate whales are trying to drag the price down even more. They are ruining their money. Support seems strong.

[savetherainforest]

Yes that is true, I'm pretty stressed because of the price action indeed. I guess we've had the worst. Let's hope.

Don't worry... I made a dumpload of 'cash' from this madness.    

You just have to know when to keep fiat and when to hodl biTcoin...


*Edit: I bought back like 80% of my coins, I keep my 20% to see if I can buy cheaper and then I can go dark to my cold storage. (until the next downtrend, its much harder to trade on a bullish trend, because its slower than the panic mode of bears jumping of cliffs.)

[tk3609]

I just wonder how many of those who were screaming "I'm going to by at 900, just please make it happen" actually bought and are not screaming now "I'm going to buy at 780".

[r0ach]

I just wonder how many of those who were screaming "I'm going to by at 900, just please make it happen" actually bought and are not screaming now "I'm going to by at 780".

Typically you have some whale scammer come in and try to pump the price right after it dumped to hell and back, but right now the charts are kind of damaged to the point where nobody is gonna fall for that scam, so there's not exactly a big rush for anyone to buy.  Those type of illogical scam moves were more common back when the price was like $400, though.  It would dump and then go higher than where it dumped from sheer manipulation.  

The worst case I've ever seen of that is Syscoin on Bologniex.  The price dumped 50% from scammy manipulation then immediately went up like 400% right after.  I was watching it and was just like...wow...fuck these markets.

[Searing]

Yes that is true, I'm pretty stressed because of the price action indeed. I guess we've had the worst. Let's hope.

I"m stressed that I'm out of $$$ so can't buy some more btc..of course if the bottom is way down I'm doing it too soon ...if the pump is coming
I'm not doing it fast enough..only sure thing is I will be disatisfied in either case once i pull the trigger (its a gift)

[tk3609]

I just wonder how many of those who were screaming "I'm going to by at 900, just please make it happen" actually bought and are not screaming now "I'm going to by at 780".

Typically you have some whale scammer come in and try to jack the price up right after it dumped to hell and back, but right now the charts are kind of damaged to the point where nobody is gonna fall for that scam, so there's not exactly a big rush for anyone to buy.  Those type of illogical scam moves were more common back when the price was like $400, though.  It would dump and then go higher than where it dumped from sheer manipulation.  

The worst case I've ever seen of that is Syscoin on Bologniex.  The price dumped 50% from scammy manipulation then immediately went up like 400% right after.  I was watching it and was just like...wow...fuck these markets.

I'm not a whale by any means and I probably have less BTC than most of you. I have been buying since 939 and my last bids are at 875. I'm not buying long term tho.

[Ted E. Bare]

Manipulators are trying to suppress the price, but at least no one seems willing to sell below 900. Correct me if I'm wrong.

[r0ach]

Manipulators are trying to suppress the price

Lol, what do you expect it to do?  Shoot straight up right after collapsing from $1200?  Is bitcoin the only market where people believe it's not possible to go sideways?  It went sideways for over an entire year before.

[Fatman3001]

It takes two to tango, doesn't it?

There is no tango here.

To the degree people are choosing alts over BTC, Ver & Jihan can hardly be held accountable. Core has dropped the ball. Can they pick it up? That would require a schism (another one) in Core. UASF is almost as divisive as BU. And without leadership...

This is bullshit. Nobody in their right fucking mind would attempt to use one of these scam coins. The only reason that people go in those is to gather more Bitcoin. That said, both Ver & Jihan are directly responsible for this, with their power-grab attempt. Core has done nothing wrong. They provided a very good (Segwit isn't perfect) scaling solution that would provide ~2.1 MB worth of TXs with adoption. In addition to that, they'd implement Schnorr post Segwit which would give the network even more capacity without requiring a HF.

Grow the F up Lauda. This is the real world. Core has bet everything on one horse and made it almost impossible for that horse to win with their 95% threshold. Of course this is a risky strategy. I struggle to imagine anything dumber.

If you lot can whip people in line and get that UASF thing going then good for you, but thus far it looks like it's being shot down left and right.

But let's flip your stupid assertion on its head. Isn't it a problem that one angry chinese miner and one high powered enthusiast on the autism spectrum can bring Bitcoin to its knees? Why is that? Why is Bitcoin so weak?

[BDO_44]

Manipulators are trying to suppress the price, but at least no one seems willing to sell below 900. Correct me if I'm wrong.

will happen, just a matter of time 

you can't go up 24/7, sometimes you go low and stay there for a while

[becoin]

Next week I'm sending some cash to the exchange. Lets hope price stays that low until Monday.

[r0ach]

Grow the F up Lauda. This is the real world.

LOL, no kidding.  Marcus usually holds the top position as #1 bitcoin shill, but Lauda is trying awfully hard to topple him and take his place.  Even to the point of claiming gold and silver have no value and bitcoin is the only thing in the universe that is valuable (which Marcus also agrees on lol).

Fucking Lauda on an airplane: