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

[cellard]

there is nothing worse than the bellowing of sold-out-early bulls, they make me sick (worse than bears I think) ... roach is our best example around here, still fapping hisself about selling out and going full fiat at $600 roach?

Nobody sold out at $600.  I've been buying metals from $800 - $1600 and just made 600% on litecoin too.  Anything I missed in bitcoin I already made up in alts.  There's really zero reason to hold BTC over LTC right now either.  Whoever buys this LTC double bottom will make far more money than anyone in Bitcoin.

LTC could continue stagnating into nowhere land for all we know. I hope that is not the case, but looks like people couldn't care less about high fees and slow transactions. BTC is going to hit $2000 any minute now. It's time for you and the rest of people that sold ages ago to admit you fucked up.

Every coin out there is measured against BTC, people are naturally talking about "sats", and BTC could profit from other scaling solutions that don't even need segwit such as atomic cross chain transactions with LTC or RSK, not to mention it continues being the conservative crypto investment because it's the most trusted one and everyone just copy-pastes code from Bitcoin Core. Of course there are reasons to hold BTC.

[Nagadota]

there is nothing worse than the bellowing of sold-out-early bulls, they make me sick (worse than bears I think) ... roach is our best example around here, still fapping hisself about selling out and going full fiat at $600 roach?

Nobody sold out at $600.  I've been buying metals from $800 - $1600 and just made 600% on litecoin too.  Anything I missed in bitcoin I already made up in alts.  There's really zero reason to hold BTC over LTC right now either.  Whoever buys this LTC double bottom will make far more money than anyone in Bitcoin.

LTC could continue stagnating into nowhere land for all we know. I hope that is not the case, but looks like people couldn't care less about high fees and slow transactions.

That's because Bitcoin has more credibility and public image, but that only stems from being an earlier system and being the king of crypto.  The good thing is that people are conservative about their money so it can stay with a high price for years, but the longer it goes without scaling, the closer it gets to falling against Litecoin or another crypto.

Every coin out there is measured against BTC

Every stock is measured against the US dollar, does that mean that you think Bitcoin can never do well?

[lightfoot]

LTC could continue stagnating into nowhere land for all we know. I hope that is not the case, but looks like people couldn't care less about high fees and slow transactions. BTC is going to hit $2000 any minute now. It's time for you and the rest of people that sold ages ago to admit you fucked up.

Eh. People did the best they could with the information they had. I've run a rule saying I would not buy bitcoin, only earn it. It's served me well with limited downside and no screwed up nights wondering if it would implode. As for cashing out, I have some gold I got at $600 a coin, worse things have happened.

However I am working a bit harder lately and it's starting to chew into surplus free time. So there is that to think about.

[spooderman]

what's the sentiment here about the price action coming up to and after Aug 1st when UASF kicks in?

[Lauda]

what's the sentiment here about the price action coming up to and after Aug 1st when UASF kicks in?

If UASF becomes a sucess, i.e. Segwit + LN become operable on Bitcoin, I'd expect the price to be anywhere between $5000 - $10 000 shortly after. The effect of Segwit & LN on Litecoin (which did not require it as far as throughput is concerned; but it does fix a lot of things) is undeniable.
I see some desperate bears. The spread between Bitstamp and Finex has increased again.

[DaRude]

nice BTC1k ask wall on bearstamp, lots of people cashing out spreading the wealth

[spooderman]

WHOA!!

price = current year!!!

[spooderman]

YESS BITCOINITY!!!!!! A full video this time

[Lauda]

This is the video: https://youtu.be/J_Y-4ox28uY?t=3. It was up much longer than gifs usually are.
Bearstamp is still fighting with its walls.

[sirazimuth]

bitcoin market behaving like typical bitcoin market...taint nuthin but a thang
so here's my prediction for this date next year (ill quote this post in a year to see how close i am  on 5/20)


 feb 9 of 2018 will be  ... $1850  ( fyi...just pulled that # outta my arse from watching price for past 3 years...and  i'm a hodler)

never been so happy to have been so wrong, even if it was my arse I extracted that gem from   (please excuse my conceited self quoting)

[blade87]

Psychological resistances... those never hold. I'm guessing the next one isn't until $2500. That's another nice round number that just happens to be about 2x the 2013 peak.

[gentlemand]

never been so happy to have been so wrong, even if it was my arse I extracted that gem from   (please excuse my conceited self quoting)

I think my prediction for this year's peak was $263, when the price was $250 or so. It's always classier to understate things, but perhaps not quite by that extent.

[cellard]

Bitfinex has peaked at around $2033.7 as of right now. Bitstamp still stuck at $1974. Any clue on why the hell is this happening?

I heard Tony Vays said that Bitstamp is too low and not accurate.

Did Bitfinex fix his shit yet with the USDT problem? Maybe a good common wrong is an average of both of prices.

Anyway, the $2000 barrier was broken, that's huge news. I couldn't care less if it crashes, we proved everyone wrong by destroying the 2013 peak.

[toknormal]

Bearstamp spending too much time reminiscing over Germany v Holland when it should be making progress with price.

[Gyrsur]

expect some drama until the scaling is resolved. we will see the $1150 - $1350 area to be tested again.

[toknormal]

expect some drama until the scaling is resolved. we will see the $1150 - $1350 area to be tested again.

Looking at the 4-year pattern it looks more like a rise to $4000+ then a retest of where we are now is what's on the cards.

[Meuh6879]

So, exponential exist in real world.

[monsanto]

Still is odd to me that price action for the entire crypto universe seemed to fundamentally change right around the time all the usd/tethers got locked up on bitfinex.  This happens to the leading exchange and then we see the appearance of high double and triple digit prices in many alts that all seem impervious to massive dumps (like never before).  I'm not complaining and I want to believe, but... not yet.

[BlindMayorBitcorn]

Still is odd to me that price action for the entire crypto universe seemed to fundamentally change right around the time all the usd/tethers got locked up on bitfinex.  This happens to the leading exchange and then we see the appearance of high double and triple digit prices in many alts that all seem impervious to massive dumps (like never before).  I'm not complaining and I want to believe, but... not yet.

I think we were confusing correlation with causation. Japan is the real reason for the season.

[freedomno1]

It passed $2000 now is the real time for price observation.
Gotta admit this is sweet was $1500 not that long ago.