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

[MinermanNC]

Nice to see everyone in good spirits tonight! including myself lol, but.... time will tell, although I see no reason for BTC to hold back. Alts doing well too 

[Paashaas]

Exiting week ahead, $1400-$1500 is very plausible followed with a decent $100-$200+ dump.

Alt-coin bubble pops will make bitcoin rocket to $2000 

[marcus_of_augustus]

https://coin.dance/volume

they can only keep the bitcoin price down for so long when the underlying organic demand is printing charts like these ... don't get sucked in by the FUDslingers, when they lose control and swap sides for the pump it's got some catching up to do.

[MinermanNC]

Exiting week ahead, $1400-$1500 is very plausible followed with a decent $100-$200+ dump.

Alt-coin bubble pops will make bitcoin rocket to $2000 

Nah I really don't think Alts are in a bubble, but they tend to bounce up and down lol To the contrary I think a healthy Alt market helps BTC stability and price and creates demand  

[r0ach]

Well, that's where he's completely wrong because no cryptocurrency is a store of value.

And that's where you are completely wrong, because almost anything is a "store of value". Gold is, silver is, currencies are, marble is, copper is, steel is, FIAT is, collectibles are, wood is.... everything.

Cryptocurrency is definitely not.  To be a store of value, you have to be able to put up some type of fight against time and entropy itself - transferring a fungible, unchangeable unit of account from past to future regardless of any externalities.  Bitcoin is not even fungible for fucks sake, nor is it durable since the system is designed to be molded by the entropy process and can transform into something completely different at the drop of a hat.  Or things like rough consensus attack, cryptography failures, poorly structured incentives, etc, can implode it.

So in real, technical terms, bitcoin is the EXACT OPPOSITE of money and the exact opposite of what a store of value is.  It's like I said 5000 times before, just a currency.  It does not matter if late night infomercial guy Antonopolous told you it's a store of value or money.  It's clearly not.  Just because it's more difficult (but not impossible) to cause inflation doesn't mean it's not a currency or that it's the same thing as gold and silver.

Bitcoin is way undervalued in comparison to altcoins. That's what changed.

It's really not.  I said months ago bitcoin was probably going to hit a wall once transaction fees got to around $1-2, and it got pretty damn close to that already.  This is why alts are getting such action and why LTC with segwit passing will probably outperform btc gains for the time being if people are going to let bitcoin sit at 4 TPS forever.  It requies scaling and probably needs a critical threshold of at least 50 TPS to survive at all.

[MinermanNC]

To me Bitcoin is a payment system first, then it has or gains value based on that demand. However since real world acceptance to use bitcoin for buying things has not really happened, it has become more of a stock, really just like a big poker game in the end lol when to hold and when to fold

[Ted E. Bare]

roach is the new jstolfi ... only fools, idiots and ideologues can remain wrong in the face of overwhelming evidence to the contrary ... they all have no shame.

Indeed. And then at some point they just leave the forums never to be seen or heard from again.

[r0ach]

roach is the new jstolfi ... only fools, idiots and ideologues can remain wrong in the face of overwhelming evidence to the contrary ... they all have no shame.

Good old Marcus, the guy who claims anyone who doesn't think bitcoin will go straight up in a vertical line to infinity at 4 TPS is wrong.

[PoolMinor]

[MinermanNC]

Bottom line is, Bitcoin is in moon territory now or at least this is as good as it been in a very long time and in a much better way 

[jbreher]

$1420.00 on GDAX...

[European Central Bank]

What the hell is going on there I wonder?

[bitserve]

It's really not.  I said months ago bitcoin was probably going to hit a wall once transaction fees got to around $1-2, and it got pretty damn close to that already.  This is why alts are getting such action and why LTC with segwit passing will probably outperform btc gains for the time being if people are going to let bitcoin sit at 4 TPS forever.  It requies scaling and probably needs a critical threshold of at least 50 TPS to survive at all.

I do totally agree that Bitcoin needs scaling to really grow. In current situation I think the probability of Bitcoin solving the scaling thing by activating Segwit in the near future (maybe even before end of year) is going higher (not talking about CURRENT signaling, thats BUllshit).

In the meantime, it can perfectly reach 1500-2000.

And it needs way more than 50TPS to really grow as intended. Fortunately that is solved with Segwit+LN.

[JimboToronto]

According to Google, 1 bitcoin is now worth $1947CAD.

Those rungs up the ladder are getting closer together.

[BlindMayorBitcorn]

Another all time high? I guess we'll be in the funny papers again soon. I don't know how to feel about this much winning.

Edit:

[bitserve]

Another all time high? I guess we'll be in the funny papers again soon. I don't know how to feel about this much winning.

Edit:

Another? Nahhh... It's almost the SAME ATH of the last time. We need to start considering something like $100 from previous ATH to really call it an ATH. Maybe very soon though.

[BlindMayorBitcorn]

Another all time high? I guess we'll be in the funny papers again soon. I don't know how to feel about this much winning.

Edit:

Another? Nahhh... It's almost the SAME ATH of the last time. We need to start considering something like $100 from previous ATH to really call it an ATH. Maybe very soon though.

Fine.

[Ted E. Bare]

Where to see the current number of longs Vs shorts? Always fun to see the bears burn.

[Searing]

Well..EVERYTHING is frigging up? Alts/BTC/LTC etc (even my dubious 2016 1btc at $650 into LISK)

So is this just a setup for a 'face plant' or moon launch?

(Too wierd...still holding but parts of me are starting to 'pucker' with the stress)

weird as F*ch thou imho

[JimboToronto]

Where to see the current number of longs Vs shorts? Always fun to see the bears burn.

Awww, c'mon. Bears are so cute.



Just not very bright.