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

[European Central Bank]

I'm wondering if BTC price would get 'another' hit by this recent change?
www.thehindu.com/business/Economy/use-of-bitcoin-illegal-says-govt/article17702483.ece?homepage=true

nah. several people seem to have tried to big up india as a bitcoin paradise. i couldn't see any evidence of it other than one tiny exchange that was stupid expensive.

it's the same stuff every central bank has said.

[r0ach]

no one's actually running BU.

Another inane ignorant falsehood. I'm running BU. Have been for more than a year.

[Coinnosaurus]

Short covering should be near 1050 or 1120. 

what if we go above 1120 intead?

[Karartma1]

I loved the idea behind bitcoin since the very beginning.

That's why I got into Bitcoin in the first place. The realization that I could make a lot of money from it came later.

It was all about decentralized, open-source peer-to-peer networking. This is what I call the real New World Order.

When I first heard about Napster, it wasn't free music that fascinated me. It was the idea of P2P file sharing. I watched as the process evolved from centralized to partially centralized and then to fully decentralized, ending up with bittorrent magnet links and torrent portals existing on redundant cloud servers based on multiple continents.

I watched Wikipedia evolve from a sketchy platform where anyone could post any bullshit they wanted to my go-to site for research. The site itself may be centralized but the content is controlled by a worldwide decentralized community of contributors who keep it honest.

Social media sites are similar. The sites themselves may be so centralized that they are all basically operated by Prism but the content is still supplied by a worldwide community. Likewise crowdfunding.

Long live the real New World Order.

Nice old times really, I understand your reasoning completely. I was very young but I felt it that way. Those days seem very distant now, don't you think?

On a not very much completely different note would you like to see a coffee machin that work with an integrated bitcoin wallet?
https://www.youtube.com/watch?v=GRMlZRmv9gM

[BinaryReign]

Another inane ignorant falsehood. I'm running BU. Have been for more than a year.

uh, no. i meant miners. y'know, the people who actually might lose money if they run piece of shit code. that says enough.

Yup, miners are running BU. 37,2% by hash rate right now... Did you think the BU signaling is just for show? 

Yep, and the miners will be forced to switch back to core after they realize..

https://coin.dance/poli

70% for Segwit
vs
20% for Rogercoin

[JimboToronto]

Good morning Bitcoinland.

Still creeping back up after that horrible whole day under $1000... currently $1050USD (Bitcoinaverage).

Now if all the altcoiners would just move their shilling over to their own sub-forum .

would you like to see a coffee machin that work with an integrated bitcoin wallet?
https://www.youtube.com/watch?v=GRMlZRmv9gM

I'm not sure if I want my coffee pot connected to the internet. Does it have a mic and camera?  

[noobtrader]

Good morning Bitcoinland.

Still creeping back up after that horrible whole day under $1000... currently $1050USD (Bitcoinaverage).

Now if all the altcoiners would just move their shilling over to their own sub-forum .

would you like to see a coffee machin that work with an integrated bitcoin wallet?
https://www.youtube.com/watch?v=GRMlZRmv9gM

I'm not sure if I want my coffee pot connected to the internet. Does it have a mic and camera?  

and why anyone want coffe pot with bitcoin wallet i can understand if it was integrated with bitcoin miner 

[Torque]

So now we march onward and sideways into some future new fresh hell.

Probably won't see much action until the Fall.  But I'm sure some new news-driven thing will come along, that the traders can latch onto in order to stir the pot again.

After years of watching this Bitcoin market, I can tell you that history almost never repeats itself, because the same FUD only seems to work once and then it's gone.  Sure there might be more supposed "fork attacks" in the future, but I believe the users will become more resistant to that FUD as they have to "China bans bitcoin! For the 100th time!" FUD that we've seen in the past.

The good news is, I think we've reached a new era of Bitcoin. Extreme volatility has diminished. Long gone are the bug exploits, hacks, DDoS attacks, exchange owner disappearances, etc. that would allow big $$ pumpers to crash bitcoin back to the ground in an instant. With Bitcoin being rock solid, and traded on so many exchanges now, the FUDsters will have to change up their tactics. Which is why we've seen the recent 'social engineering' attack of late.  It will lose its effectiveness over time, though.

What this could mean moving forward, then, is that Bitcoin becomes no longer interesting to the big $$ pumpers because they can't pump it to the moon anymore, and thusly, they can't easily crash it back down with a quick hack or major FUD and benefit from the 'big short'.

So I'm surmising that they want to move all of that crap-tacular activity over to Altland now. It looks to me like that is exactly what is happening. We'll see if my theory holds over the next few years.

[podyx]

So now we march onward and sideways into some future new fresh hell.

Probably won't see much action until the Fall.  But I'm sure some new news-driven thing will come along, that the traders can latch onto in order to stir the pot again.

After years of watching this Bitcoin market, I can tell you that history almost never repeats itself, because the same FUD only seems to work once and then it's gone.  Sure there might be more supposed "fork attacks" in the future, but I believe the users will become more resistant to that FUD as they have to "China bans bitcoin! For the 100th time!" FUD that we've seen in the past.

The good news is, I think we've reached a new era of Bitcoin. Extreme volatility has diminished. Long gone are the bug exploits, hacks, DDoS attacks, exchange owner disappearances, etc. that would allow big $$ pumpers to crash bitcoin back to the ground in an instant. With Bitcoin being rock solid, and traded on so many exchanges now, the FUDsters will have to change up their tactics. Which is why we've seen the recent 'social engineering' attack of late.  It will lose its effectiveness over time, though.

What this could mean moving forward, then, is that Bitcoin becomes no longer interesting to the big $$ pumpers because they can't pump it to the moon anymore, and thusly, they can't easily crash it back down with a quick hack or major FUD and benefit from the 'big short'.

So I'm surmising that they want to move all of that crap-tacular activity over to Altland now. It looks to me like that is exactly what is happening. We'll see if my theory holds over the next few years.

Don't underestimate a deflationary asset in an inflationary world.

[Torque]

Don't underestimate a deflationary asset in an inflationary world.

Oh believe me, I don't. That's what makes Bitcoin awesome.

What I'm saying is that the predatory PnD'ing is moving on from this market over to Altland.  And that's a good thing, because it means that more buyers of bitcoin moving forward will be true, enthusiastic users and hodlers, and the price will more accurately reflect true demand. And that will have a more positive feedback loop.

[gembitz]

Good morning Bitcoinland.

Still creeping back up after that horrible whole day under $1000... currently $1050USD (Bitcoinaverage).

Now if all the altcoiners would just move their shilling over to their own sub-forum .

would you like to see a coffee machin that work with an integrated bitcoin wallet?
https://www.youtube.com/watch?v=GRMlZRmv9gM

I'm not sure if I want my coffee pot connected to the internet. Does it have a mic and camera?  

^coffeepot stole my trustfund ;-) haha

[JimboToronto]

Don't underestimate a deflationary asset in an inflationary world.

What I'm saying is that the predatory PnD'ing is moving on from this market over to Altland.

To paraphrase P.T. Barnum, there's an altcoiner born every minute.

The showmen know where the rubes are.
 
Altcoins have been getting the media attention lately. Once Bitcoin soars again and gets the media attention again, they'll all be back, first the suckers and then the players.

[conspirosphere.tk]

What I'm saying is that the predatory PnD'ing is moving on from this market over to Altland.  And that's a good thing, because it means that more buyers of bitcoin moving forward will be true, enthusiastic users and hodlers, and the price will more accurately reflect true demand. And that will have a more positive feedback loop.

I hope so, but I don't think that the worst attacks /inside jobs such as BU are to pump and dump. In my opinion they are either to steal the control of BTC or to hijack it and drive it to a dead end.  Moreover I still find plenty of idiots saying that "we have to compromise" with the BU camp because mantra like "the blocks are too damn small" even now on this forum. So the war is far from ended. Not to mention that the cost of such psyops is likely a tiny fraction of the damage which procure, so they could keep repeating them forever even knowing that they will lose unless we decide to put an hard stop to the b/s and FUD (which I would advise).

[york780]

I bought some bitcoinplus guys. 517% increase today. Not bad at all. I dont expect a bubble. This increase seems 100% natural and stable. 
Someone is going to get rekt bigtime. Soon...

[jbreher]

no one's actually running BU.

Another inane ignorant falsehood. I'm running BU. Have been for more than a year.

...

ECB made a false claim.
I made a factual claim proving ECB wrong.
savetherainforest spouted irrelevant crap.

That is all.

[gentlemand]

I bought some bitcoinplus guys. 517% increase today. Not bad at all. I dont expect a bubble. This increase seems 100% natural and stable. 
Someone is going to get rekt bigtime. Soon...

Congrats on making the diligent choice.

This one is the weirdest of all. 18,000 BTC volume yet there are less than 250 BTC in buy orders.

[Karartma1]

Good morning Bitcoinland.

Still creeping back up after that horrible whole day under $1000... currently $1050USD (Bitcoinaverage).

Now if all the altcoiners would just move their shilling over to their own sub-forum .

would you like to see a coffee machin that work with an integrated bitcoin wallet?
https://www.youtube.com/watch?v=GRMlZRmv9gM

I'm not sure if I want my coffee pot connected to the internet. Does it have a mic and camera?  

I expected some answer like this one  

The good news is, I think we've reached a new era of Bitcoin. Extreme volatility has diminished.

No Torque I don't agree: we were at $1300 and now we are at $1050. If this is not volatility what is it then?
I would not call that over, yet

[york780]

I bought some bitcoinplus guys. 517% increase today. Not bad at all. I dont expect a bubble. This increase seems 100% natural and stable.  
Someone is going to get rekt bigtime. Soon...

Congrats on making the diligent choice.

This one is the weirdest of all. 18,000 BTC volume yet there are less than 250 BTC in buy orders.

#   Source              Pair         Volume (24h)   Price        Volume (%)            Updated
1   Poloniex              XBC/BTC         $19,307,500          $59.13   99.83%            Recently
2   Cryptopia              XBC/BTC               $31,665          $59.81   0.16%            Recently
3   CoinExchange      XBC/BTC                 $1,389          $68.58   0.01%            Recently
4   Cryptopia              XBC/LTC                     $28          $103.92   0.00%            Recently
5   Cryptopia              XBC/UNO               $1          $82.78   0.00%            Recently

Looks like somebody pumped $19,339,1665 in this coin  

*Sry but bitcointalk ruined the stats

[york780]

Bitcoins facebook page posts some FUD post about a possible fork and the price with drops with $30..
Nothing to worry about.

[Darker45]

I bought some bitcoinplus guys. 517% increase today. Not bad at all. I dont expect a bubble. This increase seems 100% natural and stable.  
Someone is going to get rekt bigtime. Soon...

Congrats on making the diligent choice.

This one is the weirdest of all. 18,000 BTC volume yet there are less than 250 BTC in buy orders.

#   Source              Pair         Volume (24h)   Price        Volume (%)            Updated
1   Poloniex              XBC/BTC         $19,307,500          $59.13   99.83%            Recently
2   Cryptopia              XBC/BTC               $31,665          $59.81   0.16%            Recently
3   CoinExchange      XBC/BTC                 $1,389          $68.58   0.01%            Recently
4   Cryptopia              XBC/LTC                     $28          $103.92   0.00%            Recently
5   Cryptopia              XBC/UNO               $1          $82.78   0.00%            Recently

Looks like somebody pumped $19,339,1665 in this coin  

*Sry but bitcointalk ruined the stats

Dammit I never expect these to come. Sad I am too busy at work and wan't able to joy ride. And Polo today is numero uno in volume.