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

[JakaE]

OH SHIT, NEGROES !

WE'VE DROPPED BELOW $1,700 !

FEAR !

PANIC !

DOGS AND CATS. LIVING TOGETHER !

MASS HYSTERIA !!!

This is true!!!

In the words of our lord prophet kwukduck; This is just another dead cat bounce!

[tk3609]

Got a FOMO attack and rebought everything I'd sold @ 1200 following Afrikoin's advice.
Who remembers?
Now I have 40% less coins, thanks to that stupid belief.
Lesson learned, page turned, now I'm on JimboToronto train. No matter the price, I'll take every chance to buy. Every month if I can...
Back to HODLrs team and I'll honor my nickname.

Who are you going to blame but yourself? It's your fault for letting anyone think for you.

[toknormal]

Stamp heading up again after some consolidation. 1-Hour momentum about to conclude its correction.

BAY also up against Bitcoin ! Bitcoin up, Bitbay up. Bitcoin down, Bitbay up.

Bitbay: Riding the bitcoin wave while levering it and amplifying it thanks to 3.5 year's careful and painstaking work on a unique dedicated asset trading device being slowly but surely priced in. (And it's not even on the launchpad yet)

Last orders at the bar @ 3-digit sats.

[Slark]

Got a FOMO attack and rebought everything I'd sold @ 1200 following Afrikoin's advice.
Who remembers?
Now I have 40% less coins, thanks to that stupid belief.
Lesson learned, page turned, now I'm on JimboToronto train. No matter the price, I'll take every chance to buy. Every month if I can...
Back to HODLrs team and I'll honor my nickname.

Who are you going to blame but yourself? It's your fault for letting anyone think for you.

It is normal among bitcoiners that they sometimes lack the confidence and trust in BTC.
I wanted to sell large portion of my small BTC stash many times when I thought we hit a wall with progress/adoption/price.
After couple years and in retrospection, I analyzed BTC exchange activity and I learned that selling BTC is the most stupid thing you can do.
If you don't need hard cash here and now, keep your BTC intact, it will be worth 10x more in the future.

[Elwar]

Well, it looks like we are back on track. Litecoin is also doing great and Monero and ETC recovering.

I am happy

It is crazy how these little alts I bought now factor into my price checks.

I even check on PPC which I bought just because I had some money left on btc-e

[jaberwock]

Buy the fucking dip!

This works every time.

except when the dips are so small that barely can be recognized as true dips when you look at the charts

like right now for example

last "dip" was around 1670 and cannot even be seen without a microscope in the 2h char

On bitstamp the 12 hour high was $1760 and the 12 hour low was $1661. That's $99 profit for selling at the top  then buying the dip. Zooming out and looking at the 12 hour chart rather than the 2 hour chart shows a true dip, unless you mean a 50% crash when you say a dip. I interpret a dip as a small healthy correction on the way up.

at this point the dip may very well be way above the current price. There has been no significant dip between $1600 and $1680, for example

also the crashes are short lived, usually don't last more than a couple hours, so unless you stare the graphs all day, chances are won't be able to buy the dip, and is really harder to hit exactly the bottom

one way or another, $99 is less than 6% of current price, more like noise than a significant move

[simmo77]

<snip quoted Alt shill post>

I still think it's amazing that Altcoiner shills still spam and wreak havoc upon threads like this one. <snip> Now GTFO.

So why give it more airtime by quoting the guy... sheesh!?!

[bitserve]

Well, it looks like we are back on track. Litecoin is also doing great and Monero and ETC recovering.

I am happy

It is crazy how these little alts I bought now factor into my price checks.

I even check on PPC which I bought just because I had some money left on btc-e

Yes, it is really funny. I started playing with alts only a couple of months ago because I like to trade and Bitcoin was stagnating at that moment. Had some fiat on my trading account and started "gambling". It was a small amount, like 5% of my trading funds (which is less than 40% of my long term holding on cold wallet) and it has grown now to more than 30% of my trading funds even if Bitcoin has also risen in the meantime.

I wouldn't recommend anyone to put too much into alts instead of Bitcoin (much more safe long term in my view), but I have to recognise that the gambling has paid well.

I also believe that soon many alts that are way overpriced will start bleeding big time serving as fuel for a crazy Bitcoin rally.

[LFC_Bitcoin]

The thing to remember is, we are not in control. All the Average Joe bitcoiners around the world are not in control of this market.

The wealthy traders with deep pockets and leverage are in control.  We're just along for the ride.

Who cares as long as us average joe's are making 400-500% profits & more. Loads of us loaded up @ $200-400 & HODLED. It's the best investment I've ever made.

[RayX12]

At this point you need to stop sending more transactions until the previous ones settle. The problem here is that you have sent a transaction that used coins that you just received but were not confirmed before sending again.

Maybe someone has a better solution for this, but I would just wait and next time don't use unconfirmed coins as inputs for sending.

But. but. but...  The coins have been in my wallet for a month at least.
I had an issue in my wallet two months ago when it showed un-confirmed balance.
As per the wallet support people, I emptied my wallet to a new one and then created a new wallet where I sent my coins.  That cleared the unconfirmed balance.
But now a month later when I want to send my coins to an exchange I run into this problem.
Maybe it is a wallet problem..  How to fix it?  I dont want to lose my 12 BTC!

What software wallet are you using?

Also, if you have 12BTC on a software wallet my advice inmediately changes to: Buy a hardware wallet NOW!

Either Ledger Nano S or Trezor.

And for your current problem, make sure you have copy of the seed words and/or backup the wallet. Wait for transactions to settle as any time you keep sending new transactions using your unconfirmed change you are making the problem worse (no coin loss though, except for the fees).

MultiBit HD v 0.4.1
Yes I have the seed words and will make a backup now.
I was thinking about switching to Electrum wallet.

FYI,
I have 6 transactions stuck with increasing fees ranging from 27 to 224 satosh/byte since the 7th (three days)
I was sending to Bittrex to buy str and xrp.  So the coins crashed while I wait but now recovering so I am frustrated since I missed a good buying opportunity.  Of course the bleeding could continue but... nobody knows for sure.

This MultiBid HD is shit and I did not know it due to lack of research.  Found many threads with problems and solutions.  For now I am going to wait until the transactions cancel or go through.  The plan is to try to move my coins to another wallet when this fiasco is over.
The latest problem I discovered with this wallet is that the interface says satoshi/byte on a slider where you can set the fee.  That is a lie, it is just satoshi!  So when you think you are 200 satoshi the resulting transaction is like at 80 satoshi/byte.  I maxed out the fees and gives only 0.0005 btc regardless of the size (bytes) of the transaction!  So if you use this wallet be careful your coins could get stuck like mine.  Also someone suggested that the wallet is spending unconfirmed transactions of the previous unconfirmed transactions..  Now is this a fucking joke?  I have been in BTC for years and nobody ever said that you should do one BTC transaction at the time!  WTF!  In the end just be careful.  I will update this mess when it gets resolved to inform you guys!
Thanks for your help!

[Wexlike]

I have so much worthless fiat in my bank account, but Bitcoin seems too expensive to buy now. What a dilemma.

[Okurkabinladin]

I would just like to inform newcomers to think twice (or three times) before entering long or short position right now.

We are in for a long ride. But nobody can currently guarantee you, that swings in market price wont swiftly erase your position. Thats the con of profitable volatility. In 2013 bitcoin did at multiple times lose up to 35% of its value within hours to fully recover in just couple of days.

Exciting times ahead of us, indeed.

[bitserve]

At this point you need to stop sending more transactions until the previous ones settle. The problem here is that you have sent a transaction that used coins that you just received but were not confirmed before sending again.

Maybe someone has a better solution for this, but I would just wait and next time don't use unconfirmed coins as inputs for sending.

But. but. but...  The coins have been in my wallet for a month at least.
I had an issue in my wallet two months ago when it showed un-confirmed balance.
As per the wallet support people, I emptied my wallet to a new one and then created a new wallet where I sent my coins.  That cleared the unconfirmed balance.
But now a month later when I want to send my coins to an exchange I run into this problem.
Maybe it is a wallet problem..  How to fix it?  I dont want to lose my 12 BTC!

What software wallet are you using?

Also, if you have 12BTC on a software wallet my advice inmediately changes to: Buy a hardware wallet NOW!

Either Ledger Nano S or Trezor.

And for your current problem, make sure you have copy of the seed words and/or backup the wallet. Wait for transactions to settle as any time you keep sending new transactions using your unconfirmed change you are making the problem worse (no coin loss though, except for the fees).

MultiBit HD v 0.4.1
Yes I have the seed words and will make a backup now.
I was thinking about switching to Electrum wallet.

FYI,
I have 6 transactions stuck with increasing fees ranging from 27 to 224 satosh/byte since the 7th (three days)
I was sending to Bittrex to buy str and xrp.  So the coins crashed while I wait but now recovering so I am frustrated since I missed a good buying opportunity.  Of course the bleeding could continue but... nobody knows for sure.

This MultiBid HD is shit and I did not know it due to lack of research.  Found many threads with problems and solutions.  For now I am going to wait until the transactions cancel or go through.  The plan is to try to move my coins to another wallet when this fiasco is over.
The latest problem I discovered with this wallet is that the interface says satoshi/byte on a slider where you can set the fee.  That is a lie, it is just satoshi!  So when you think you are 200 satoshi the resulting transaction is like at 80 satoshi/byte.  I maxed out the fees and gives only 0.0005 btc regardless of the size (bytes) of the transaction!  So if you use this wallet be careful your coins could get stuck like mine.  Also someone suggested that the wallet is spending unconfirmed transactions of the previous unconfirmed transactions..  Now is this a fucking joke?  I have been in BTC for years and nobody ever said that you should do one BTC transaction at the time!  WTF!  In the end just be careful.  I will update this mess when it gets resolved to inform you guys!
Thanks for your help!

Good luck with that. I can't tell you anything besides just wait for the transactions to settle and, again, buy a damn hardware wallet!

Oh, and I wouldn't touch STR or XRP right now except maybe for shorting them... but that's just me

[Dabs]

When you have more than 12 BTC, I would recommend using Bitcoin Core on a computer that can handle it. The only other wallet I've used is Electrum.

[Gyrsur]

I have so much worthless fiat in my bank account, but Bitcoin seems too expensive to buy now. What a dilemma.

with all fiat you don't need until 2021 you can buy bitcoins.

http://www.bitcoinblockhalf.com/

[bitserve]

When you have more than 12 BTC, I would recommend using Bitcoin Core on a computer that can handle it. The only other wallet I've used is Electrum.

How can you suggest someone to use a software wallet with 12BTC ($20.000)?

That's irresponsible advice  

[Torque]

Coinbase has become such an altcoin whore now.

I distinctly remember a time when Brian Armstrong refused to peddle altcoins, saying that Bitcoin was their focus for the long term and had everything that merchants and users would need for the future. I admired them for their long term vision.

Then they caved and added ETH. Their rationale was because it was "unique and different than all the rest." If you look at it sideways, a case could maybe be made for that.

Now they've added LTC, because....?  Because Coblee works there and it was his little pet project that he created in a weekend? Because it's radically different from BTC and ETH and adds something new? No, actually it's just because LTC is pumping atm and they'll get a bunch of fees from it. Just like ETH did.

My how things change when your business is suffering. You pivot, begin to "change your tune" and peddle to whatever might gain you more brokerage and trading fees from unsuspecting n00bs. Not because you actually care.

I'm sure that before Coinbase goes completely bankrupt, they'll be peddling over a dozen or more shitcoins.  Way to confuse newcomers who need more clarity, not more worthless options. It'll become just another Cryptsy.

/rant

[slap]

Coinbase has become such an altcoin whore now.

I distinctly remember a time when Brian Armstrong refused to peddle altcoins, saying that Bitcoin was their focus for the long term and had everything that merchants and users would need for the future. I admired them for their long term vision.

Then they caved and added ETH, because it was "unique and different than all the rest." If you look at it sideways, a case could maybe be made for that.

Now they've added LTC, because....?  Because Coblee works there and it was his little pet project that he created in a weekend? Because it's radically different from BTC and ETH and adds something new? No, actually it's just because LTC is pumping atm and they'll get a bunch of fees from it. Just like ETH did.

My how things change when your business is suffering. You pivot, begin to "change your tune" and peddle to whatever might gain you more brokerage and trading fees from unsuspecting n00bs. Not because you actually care.

I'm sure that before Coinbase goes completely bankrupt, they'll be peddling over a dozen or more shitcoins.  Way to confuse newcomers who need more clarity, not more worthless options. It'll become just another Cryptsy.

/rant

And there are numerous reports from users last week which raises multiple red flags. I migrated my funds elsewhere, and bought a fresh portion of Waves along the way. Decentralized exchanges prove to be the future, imho.

[Paashaas]

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.

Mission accomplished 

My crystalball tells me now that the price will go to max $1900 followed by a decent $100-$200 weekend dump.

[soullyG]

Spread between Stamp and Finex is < $20 now, interesting