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

[STT]

we have the meme technology  

Is Brazil currency especially weak recently, not sure why'd it move that much otherwise.

trying to ascribe some kinds of micropayment expectations to bitcoin and to suggest that bitcoin is broken if it cannot achieve these kinds of use cases in an expedited way and to compete with credit card companies, etc.  

Thats a major chunk of business that must go elsewhere then, it would be good if bitcoin had a fixed relation to whichever standard its ceding control of 'cent' type traffic.  Otherwise seems slightly chaotic a transition and apparently unintentional and uncontrolled.


Break of that very recent downtrend and confirmation above 1780.  So long as it keeps that gain it can get over the imaginary wall of 2000.  Indicator and volume looks fine I guess.  I did have a chart for CNY trend on Huboi prices for wisdom but its been delisted from that site, not sure why.
[I found a link via google, I'll check back later - https://bitcoinwisdom.com/markets/huobi/btccny   - oh dam actually the price flat so forget that :O]

[Karpeles]

we have the meme technology 

Is Brazil currency especially weak recently, not sure why'd it move that much otherwise.

Another political scandal that will bring some more time of instability and uncertainty about what is gonna happen next. It is going to get worse in the near future.

It already is in the big media:

https://www.theguardian.com/world/2017/may/18/brazil-president-corruption-invesitgation-supreme-court
http://www.aljazeera.com/news/2017/05/brazil-beleaguered-president-temer-refuses-resign-170518232558485.html
https://www.nytimes.com/2017/05/18/world/americas/brazil-president-michel-temer-corruption-claims.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news&_r=0

etc

I think the effect would be the same in other countries

[DieJohnny]

Are the days of Bitcoin doubling in price in a few hours or days a thing of the past. Are we destined for 6% gains a pop now that the market cap is so large....?

Would love to see a 50% price hop... can you imagine the frenzy, dear God.

[savetherainforest]

Ibian tries to distill every argument down into a black and white, yes or no result so that he can claim victory.

Ok here's one for ya Ibian.

Why do you want the price to increase? So that you can be rich one day?

Yes or no? Just answer the question with 'yes' or 'no'.

He seems likely to be paid by someone to try and create 'plausible' propaganda.

Spreading misinformation are we eh?? ... But from the way he talks I think Ibian is a kid... or has the mind of one!

[BlindMayorBitcorn]

Top news: Bitcoin enthusiast laments, "I should have bought more Bitcoins."

[cmacwiz]

12k yuan/BTC on OKCasino

That ATH looks so pretty right now, but it ain't around for long I'd reckon

[hv_]

2017  incoming ....

[Wexlike]

Are we rich yet? 

[PoolMinor]

Are we rich yet? 

Yes

[JimboToronto]

Are we rich yet?  

Yes. Rich in symbolism. We just hit $2600CAD (Bitcoinaverage).  

1337 

[PoolMinor]

Remember this post? The beginning of the rise, I believe my prediction held. ("18" meaning the days left to buy cheap^TM coins)

18

Note the posts that follow, also chart buddy.

[phatsphere]

360 coins left on polo sub $2000

wall eaten or pulled?

[Asrael999]

Regarding TX fees, is it really such a huge problem? It's barely used as a currency as of now.

There are scaling solutions obviously so in the future, it's not a worry.

People see Bitcoin more as a store of value, for them higher fee's is not a major problem. Of course that needs to be fixed for lower tx.

Then people are wrong - the chain that succeeds will be the one with the most utility, focusing on store of value will see Bitcoin replaced by a younger fitter prettier model.

[sirazimuth]

2001  ..A Bitcoin Odyssey

incoming  (meme)

[bartolo]

I am remembering now the Year 2000 problem https://en.wikipedia.org/wiki/Year_2000_problem. I wonder if something will happen when bitcoin reaches $2000. Miners shouting down, blockchain broken, the end of the world and other Roland Emmerich´s apocalyptic visions. 

[mainpmf]

Wahou wahou wahou

I'm really regretting not having bet on long...
But I'm just feeling a bit pitiful for kuckduck xD

[bitserve]

I am remembering now the Year 2000 problem https://en.wikipedia.org/wiki/Year_2000_problem. I wonder if something will happen when bitcoin reaches $2000. Miners shouting down, blockchain broken, the end of the world and other Roland Emmerich´s apocalyptic visions.  

Yep, when Bitcoin surpass $2000 you will probably see an uncontrolable rise. How high? I donno. How low for the posterior correction? Probably above $2000. Not sure if that $2000 effect is a "problem" though... it depends if you are either short or long I guess.

[Gyrsur]

the nuclear option (mining algo change) is still available but it seems now an conventional option is available too?

countdown to August 1st, 2017

[soullyG]

Next 24 hours are critical?

[mOgliE]

Next 24 hours are critical?

Like every 24h in btc world...

Fact is that most of the time anything that happens is critical.
But it's true that we might see something exceptional soon. Either the break of the 2000, or the massive dump approaching the 2000...
I hope for the second one, I haven't bought enough in the 1000's