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

[gembitz]

Gentlemen, where do we choose to go?

^some say the moooon why we say the moooon??  ..why is the our goal??? ...bitcoin chooses to gogogo to the moooon \_((BvB))_/==*eZ^$$$

1400-1500 USD.  is the goal calculated by me if we dont get a FUD attack or Bitifex Gox like crash.

segwit+BIGGER_BLOCKS~2MB=$2000 :-D WEEEEEEE

[gembitz]

Would it result in a GOX like crash? Interesting scenario.

Bitfinex would still be solvent, unlike Gox, but with no way of getting USD out of there then the only way out is BTC. Gox was usually 5-10% above everywhere else because of that for a long time.

I'm not sure whether their channels are the same for deposits though. If all USD supply dried up it would become pretty irrelevant.

Mt. GOX is back up! ~ did you guys miss the news? :-D

[york780]

Gentlemen, where do we choose to go?




^some say the moooon why we say the moooon??  ..why is the our goal??? ...bitcoin chooses to gogogo to the moooon \_((BvB))_/==*eZ^$$$

1400-1500 USD.   is the goal calculated by me if we dont get a FUD attack or Bitifex Gox like crash.

segwit+BIGGER_BLOCKS~2MB=$2000 :-D WEEEEEEE

WEEEEEEEEEE!! MOON MOON MOON

[york780]

Would it result in a GOX like crash? Interesting scenario.

Bitfinex would still be solvent, unlike Gox, but with no way of getting USD out of there then the only way out is BTC. Gox was usually 5-10% above everywhere else because of that for a long time.

I'm not sure whether their channels are the same for deposits though. If all USD supply dried up it would become pretty irrelevant.

I really hate exchanges. I dont know any that havent robbed their customers. Huobi and Okcoin frozen, traders on kraken lost their money multiple times because of buggs. Gox, well we know how that went wrong. Now Bitifex screwing things up. Miners and exchanges are bitcoins weak spot.

[Kramerc]

Would it result in a GOX like crash? Interesting scenario.

Bitfinex would still be solvent, unlike Gox, but with no way of getting USD out of there then the only way out is BTC. Gox was usually 5-10% above everywhere else because of that for a long time.

I'm not sure whether their channels are the same for deposits though. If all USD supply dried up it would become pretty irrelevant.

I really hate exchanges. I dont know any that havent robbed their customers. Huobi and Okcoin frozen, traders on kraken lost their money multiple times because of buggs. Gox, well we know how that went wrong. Now Bitifex screwing things up. Miners and exchanges are bitcoins weak spot.

While Bfx are definitely crooks on so many levels, how exactly are they screwing up in this situation? A bank that they are not banking with is blocking their wires.

[york780]

Would it result in a GOX like crash? Interesting scenario.

Bitfinex would still be solvent, unlike Gox, but with no way of getting USD out of there then the only way out is BTC. Gox was usually 5-10% above everywhere else because of that for a long time.

I'm not sure whether their channels are the same for deposits though. If all USD supply dried up it would become pretty irrelevant.

I really hate exchanges. I dont know any that havent robbed their customers. Huobi and Okcoin frozen, traders on kraken lost their money multiple times because of buggs. Gox, well we know how that went wrong. Now Bitifex screwing things up. Miners and exchanges are bitcoins weak spot.

While Bfx are definitely crooks on so many levels, how exactly are they screwing up in this situation? A bank that they are not banking with is blocking their wires.

Thanks, I didnt know that. Well we all know the love hate relation between banks and btc.

[JohnUser]

So here we are, the bad news is on ?!

[JayJuanGee]

So what's the target here?

$1350 was an anomaly but I seem to remember 1290 being breached. If we get through 1300 that is definitely a massive positive.

It's already a massive positive after having gotten past $1200...

Therefore, at this time, we do not need to consider $1,300 as a significant resistance point, and yes, the testing of $1,350 seems to be decently likely in the coming 1-2 weeks.

Sure, I could be wrong about resistance at $1300 but I am thinking that $1200 was the resistance point.. that is kind of in the rearview mirrors, at this time.

[Syke]

Mt. GOX is back up! ~ did you guys miss the news? :-D

That is so not funny.

[lightfoot]

Gentlemen, where do we choose to go?

The question is which moon? I'm thinking Titan right about now....

[bitcoinvest]

Mt. GOX is back up! ~ did you guys miss the news? :-D

That is so not funny.

i have to agree on that... i have many work those days and i opened the thread and the 1st i read was that and i immediately checked website to understand it was humor only.... but, black one...

[gembitz]

Mt. GOX is back up! ~ did you guys miss the news? :-D

That is so not funny.

april fools ~ :-D

[york780]

Mt. GOX is back up! ~ did you guys miss the news? :-D

That is so not funny.

i have to agree on that... i have many work those days and i opened the thread and the 1st i read was that and i immediately checked website to understand it was humor only.... but, black one...

how much did you lost? No sarcasm just want to know thats all.

[Wekkel]

Mt. GOX is back up! ~ did you guys miss the news? :-D

That is so not funny.

april fools ~ :-D

bitcoinica too?

[cmacwiz]

Let's go, time to blast through all the FUD, etf denials and altcoin leeches BTCBTC

[explorer]

Im not sure how bitcoin is not fungible, doesn't that just require each part is interchangeable.  Bitcoin is a liquid system, able to retain its value even.  Its purpose or abilities is not different from the beginning ?

An article that does a good job explaining fungibility in crypto.

http://weuse.cash/2016/06/09/btc-xmr-zcash/

[lolikop]

if bitcoin stay stable around 1000-1200 its fine with me big pumps or dumps is no good

[Karartma1]

Im not sure how bitcoin is not fungible, doesn't that just require each part is interchangeable.  Bitcoin is a liquid system, able to retain its value even.  Its purpose or abilities is not different from the beginning ?

An article that does a good job explaining fungibility in crypto.

http://weuse.cash/2016/06/09/btc-xmr-zcash/

Yep

Fungibility is a property of money that makes every unit if this money interchangeable: you can pay someone with a paper note and the receiver won’t care where it came from. As long as this note isn’t counterfeited, he will accept it and exchange goods or services for that paper note. This is how physical cash works.

But how do we enforce fungibility on a transparent blockchain where every transaction is visible?

All forms of mixing on transparent chains are active forms of mixing: if you want to mix coins, you need to find other people who want to mix as well. This makes the system vulnerable to sybil attacks/honeypots and, more importantly, people can see on the blockchain you tried to mix your coins. This act in itself could already be considered a crime: you are actively money laundering your coins.

Even if using a mixing service isn’t viewed as a crime, there are still a lot of fungibility risks associated with mixing. First and foremost, there is the possibility of blacklisting coins.
Even if you succeed in anonymizing your coins, there is still a trail. It’s pretty easy to know by analysing the blockchain that certain coins were sent to a darknet market for example. So if you try to mix your coins, you do that with coins from an unknown source (that’s the whole point, remember?).

[bitserve]

New record of all cryptocurrencies market cap: 28 billion.

Litecoin Segwit closer to activation threshold. If Litecoin manages to activate Segwit it will also be a big thing for BTC.

BTC price nearing highs in which a cascade of shorts liquidation could start to happen.

Not looking bad at all at this time, but lets see how it all folds.

[gembitz]

Mt. GOX is back up! ~ did you guys miss the news? :-D

That is so not funny.

april fools ~ :-D

bitcoinica too?

^reload! :-D weeee