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

[rpietila]

Who here is old enough to remember BTC dominance?

Me. (Obviously, knowing NL/Sirius, and they know Satoshi.)

[Ted E. Bare]

[rpietila]

THX PAL

[BlindMayorBitcorn]

Japan thinks alts are Pokemon. They want to collect them all!

I don't blame them... They buy any shit and see it rise, and buy and see it rise higher, and....

This goes to our lesson today, for those who don't already know: Free-Float and liquidity.

Good lesson. 

[BDO_44]

kraken, polo and other just got hit by ddos hard, the same time all alts start dumping

awesome


/edit
lol holy sh*t altcoins are so bloody right now, i feel almost sorry

[sirazimuth]

jeeeeezus!!  is this alt coin  thing ever gonna end? doge 85 sat? frikkin madness!!
ahhh whatever... bitcoin wins in the end  (hopefully not in my end)

[bitserve]

And this is exactly what I was talking about a few hours ago when I posted my wall of text about free-float and liquidity of altcoins vs Bitcoin.

[blade87]

You see glimpses of what's going to happen to BTC when the alt market finally really does dump.

[BDO_44]

just imagine how many got margin called in that attack

ouch

[droizs]

OK, this may be good for BTC... Lets wait and see

[OldDutchman777]

kraken, polo and other just got hit by ddos hard, the same time all alts start dumping

awesome


/edit
lol holy sh*t altcoins are so bloody right now, i feel almost sorry

"Turn those machines back ON!!!"

https://www.youtube.com/watch?v=j4SRsGn14PI

[Paashaas]

All altcoins will be replaced by sidechains.

Price target of this week; $1600-$1800.

[JayJuanGee]

All altcoins will be replaced by sidechains.

Price target of this week; $1600-$1800.

That is a pretty broad range.



If we get significantly above and beyond $1,600 (on Stamp, of course) - let's say above $1623, then we are going to have a decent likelihood to be moving into testing the resistance in the $1,800 to $2,000 price territory... though it could take anywhere between a day or two or a few weeks to get to the $1,800 to $2,000 price range.

[rpietila]

There is no resistance above.

[Lauda]

All altcoins will be replaced by sidechains.

All altcoin use cases can be superseeded by sidechains, thus altcoins really won't have any use-case. I'll prepare my popcorn once sidechains become viable.

Price target of this week; $1600-$1800.

That is a pretty broad range.

It is, and so was $1200-$1600 and yet here we are.

If we get significantly above and beyond $1,600 (on Stamp, of course) - let's say above $1623, then we are going to have a decent likelihood to be moving into testing the resistance in the $1,800 to $2,000 price territory... though it could take anywhere between a day or two or a few weeks to get to the $1,800 to $2,000 price range.

BitFinex is about to announce 'news' this Monday and the price is already ~$20 away from its 3d high or ~$60 from the ATH. Coinbase and Gemini are also above $1600 whilst Bitstamp isn't far from it. I think that the sentiment is still very bullish.

[JayJuanGee]

Price target of this week; $1600-$1800.

That is a pretty broad range.

It is, and so was $1200-$1600 and yet here we are.

I think that part of my point was that the prediction range is so broad that it makes the prediction almost meaningless. 

I don't really disagree with the sentiment though.. and it is possible that that prices could bounce within such a 15% price range throughout the upcoming week.

[Lauda]

Altcoins are absurd. 99% are scams, vaporware or have no use-case. This is a full blown out Tulip Mania: https://en.wikipedia.org/wiki/Tulip_mania ; Just a small heads up to those who do not know what happened with the Tulip bubble:


Back to the important stuff:

I think that part of my point was that the prediction range is so broad that it makes the prediction almost meaningless. 

I don't think he meant to speculate only anything other than that the bull trend is still present and that we're going up.

I don't really disagree with the sentiment though.. and it is possible that that prices could bounce within such a 15% price range throughout the upcoming week.

In case that you've missed this (which I find rather very important): https://fee.org/articles/bitcoin-is-less-volatile-than-the-euro/
Here are two nice website to track this:
https://www.buybitcoinworldwide.com/volatility-index/
https://bitvol.info/

[gembitz]

There is no resistance above.

^remember the first pump to$500===> bitcoin where is my $700 bitcoins ha

[BlindMayorBitcorn]

What exchange is that ETH dump based?

It happened on Karken I believe.

Edit: But they hit Polo at the same time, and dumped not just ETH but XMR and STR and half a dozen others.

[2017Bubble]

What exchange is that ETH dump based?

Kraken, got dossed lel