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

[leowonderful]

Next week new highs? So far it's holding strong.

Until now it is doing exactly what it should be doing to continue rising next week: Small but significant correction, half recovery and consolidation. Not sure if there will be another test of $1500 before monday... In fact it would be slightly better if it does.

The biggest pump will come when people realise that altcoins can not go on pumping indefinitely and a good chunk of market share returns to BTC. That has not hapenned yet.

Unfortunately. Who knows, maybe that'll happen next week if we go upwards again. I don't enjoy being where we are in terms of this small rise, but it's necessary to go back up. Once those altcoins are sold back to BTC we'll see an enormous bump in price bigger than any we've seen recently.

[gembitz]

All markets are rocking... so much to choose from lol what to do.

Seems this pattern has been in play recently... steady stable BTC and steady strong Alts... go figure. I just think more and more people are getting onboard with crypto's. (alts) Which is healthy for BTC.

^BITCOIN GOING MAINSTREAM!!! :-D $2017 pushhhh+++

[Elwar]

In real world use case I don't think average users will want to create a new channel for every single time they trade with someone new. It will be a hassle. They will want to just use 'the lightning network'.   Hub and spoke will arise naturally as most efficient and fast way of routing through the network.

Have you ever spent bitcoins in the real world?

Many websites require you to create an account and then send bitcoins to the website where they hold your bitcoins while you spend on their site. Purse.io does this, all of the gift card sites do this, most ATMs do this, Coinbase is trying to get all of their merchants to just use the user's Coinbase wallet, most gambling sites do this, all exchanges do this.

It is common. At least for LN you would be able to open the channel for an amount of time you are comfortable with and you don't have to trust the website to leave with your money. And after that time, the bitcoins come back to you automatically. You don't have to remember down the road what websites you have money on.

[MinermanNC]

All markets are rocking... so much to choose from lol what to do.

Seems this pattern has been in play recently... steady stable BTC and steady strong Alts... go figure. I just think more and more people are getting onboard with crypto's. (alts) Which is healthy for BTC.

^BITCOIN GOING MAINSTREAM!!! :-D $2017 pushhhh+++

It sure does seem so!  

I occasionally watch RT America news... in a couple of segments they throw up a daily trade chart for "Gold, Silver and Bitcoin"

It just looks so cool to see that flash up on the screen before a commercial break,,, woot! lol I luv it man

[gembitz]

All markets are rocking... so much to choose from lol what to do.

Seems this pattern has been in play recently... steady stable BTC and steady strong Alts... go figure. I just think more and more people are getting onboard with crypto's. (alts) Which is healthy for BTC.

^BITCOIN GOING MAINSTREAM!!! :-D $2017 pushhhh+++

It sure does seem so!  

I occasionally watch RT America news... in a couple of segments they throw up a daily trade chart for "Gold, Silver and Bitcoin"

It just looks so cool to see that flash up on the screen before a commercial break,,, woot! lol I luv it man

$DGB~DIGIBYTE~S E G W I T~ BITCOINCORE :-D $2017 OUR TIME!!! ##WEEE

[2017Bubble]

fake out or break out?

[ssmc2]

https://dailyreckoning.com/the-death-of-bitcoin/
 

[jbreher]

- For buying "coffee" or who knows what other smallish stuff -> LN

So are you going to open up a channel -- with as much bitcoin as you plan to spend over the next n weeks -- with Starbucks? ANd another for Dunking Donuts? And a another with Caribou? And...?

Or are you going to open a single channel with some bank-hub?

Or are you going to open up a single channel with your cousin Ted, and hope that the trustless decentralized routing algorithm (which, buy the way, does not exist) will be able to somehow find a route from you to the coffee shop without eating up the total value you have locked up in the channel in LN-transaction fees?

[bitserve]

- For buying "coffee" or who knows what other smallish stuff -> LN

So are you going to open up a channel -- with as much bitcoin as you plan to spend over the next n weeks -- with Starbucks? ANd another for Dunking Donuts? And a another with Caribou? And...?

Or are you going to open a single channel with some bank-hub?

Or are you going to open up a single channel with your cousin Ted, and hope that the trustless decentralized routing algorithm (which, buy the way, does not exist) will be able to somehow find a route from you to the coffee shop without eating up the total value you have locked up in the channel in LN-transaction fees?

Second option. I plan to have some modest amount of BTC on a bank-hub as if it were a physical cash wallet to carry-on. It is this "bank-hub" who will have the LN channels open with the most common stores/other hubs.

And, exactly the same as I would do with my carryon wallet I will keep periodically refilling it as needed.

But the whole of my funds would reside on the blockchain, the same as most of my FIAT resides on a bank.

I don't see whats the problem with this?

[Elwar]

https://dailyreckoning.com/the-death-of-bitcoin/
 

That dude will win a Pulitzer for that insightful news article.

[Searing]

https://dailyreckoning.com/the-death-of-bitcoin/
 

That dude will win a Pulitzer for that insightful news article.

This will happen about the same time as I become Natalie Portman's Love Puppet (there's a chance right???)

[RAJSALLIN]

https://dailyreckoning.com/the-death-of-bitcoin/
 

One of the worst "bitcoin is dead" articles I've read

[ErisDiscordia]

https://dailyreckoning.com/the-death-of-bitcoin/
 

2013 called, they want their shitty arguments for why Bitcoin will definitely die back.

[anticolay26]

There we go, as expected...wasn't too bad though was it? Let's see if we drop a bit more before bouncing back up

[SnokkomBTC]

There we go, as expected...wasn't too bad though was it? Let's see if we drop a bit more before bouncing back up

I think we'll see an huge dump in alts and a pump in btc today or tomorrow 

[york780]

There we go, as expected...wasn't too bad though was it? Let's see if we drop a bit more before bouncing back up

I think we'll see an huge dump in alts and a pump in btc today or tomorrow 

About damn time. Really sad that people invest and trap themselves in coins like doge or waves lol.

[york780]

There we go, as expected...wasn't too bad though was it? Let's see if we drop a bit more before bouncing back up

you are talking about a $9 difference? Cmon man take a break

[Nagadota]

Next week new highs? So far it's holding strong.

Until now it is doing exactly what it should be doing to continue rising next week: Small but significant correction, half recovery and consolidation. Not sure if there will be another test of $1500 before monday... In fact it would be slightly better if it does.

The biggest pump will come when people realise that altcoins can not go on pumping indefinitely and a good chunk of market share returns to BTC. That has not hapenned yet.

Unfortunately. Who knows, maybe that'll happen next week if we go upwards again. I don't enjoy being where we are in terms of this small rise, but it's necessary to go back up. Once those altcoins are sold back to BTC we'll see an enormous bump in price bigger than any we've seen recently.

Looks like that day is coming pretty soon.  The great altcoin bubble has reached its peak - ETH has stabilised around $90-100 and DASH has stabilised around $100.  As soon as people give up - could be in the next couple of weeks - it's time for another rally.

[york780]

Next week new highs? So far it's holding strong.

Until now it is doing exactly what it should be doing to continue rising next week: Small but significant correction, half recovery and consolidation. Not sure if there will be another test of $1500 before monday... In fact it would be slightly better if it does.

The biggest pump will come when people realise that altcoins can not go on pumping indefinitely and a good chunk of market share returns to BTC. That has not hapenned yet.

Unfortunately. Who knows, maybe that'll happen next week if we go upwards again. I don't enjoy being where we are in terms of this small rise, but it's necessary to go back up. Once those altcoins are sold back to BTC we'll see an enormous bump in price bigger than any we've seen recently.

Looks like that day is coming pretty soon.  The great altcoin bubble has reached its peak - ETH has stabilised around $90-100 and DASH has stabilised around $100.  As soon as people give up - could be in the next couple of weeks - it's time for another rally.

Yes it is. I use my own emotions to check this. I am feeling quite desperate rightnow because of altcoins. This means that the whales will dump soon to trap the noobs that will FOMO on alts. Its all in the wallstreet cycle of doom.

[SnokkomBTC]

Next week new highs? So far it's holding strong.

Until now it is doing exactly what it should be doing to continue rising next week: Small but significant correction, half recovery and consolidation. Not sure if there will be another test of $1500 before monday... In fact it would be slightly better if it does.

The biggest pump will come when people realise that altcoins can not go on pumping indefinitely and a good chunk of market share returns to BTC. That has not hapenned yet.

Unfortunately. Who knows, maybe that'll happen next week if we go upwards again. I don't enjoy being where we are in terms of this small rise, but it's necessary to go back up. Once those altcoins are sold back to BTC we'll see an enormous bump in price bigger than any we've seen recently.

Looks like that day is coming pretty soon.  The great altcoin bubble has reached its peak - ETH has stabilised around $90-100 and DASH has stabilised around $100.  As soon as people give up - could be in the next couple of weeks - it's time for another rally.

Yes it is. I use my own emotions to check this. I am feeling quite desperate rightnow because of altcoins. This means that the whales will dump soon to trap the noobs that will FOMO on alts. Its all in the wallstreet cycle of doom.

Yes, Btc is still king. I mean, why the hell would you buy litecoin if you can buy bitcoin? Ltc will be dumped to $5 in a bearmarket, btc to $1,000. Yes, possibly you make more ROI with litecoin if you make great decisions, but bitcoin is more steady then altcoins and the dumps will not that hard like alts.