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

[becoin]

I'm of the belief that the Altlandia bubble is just another method for the powers that be to distract the Average Joe populous away from Bitcoin. Just another form of Social Engineering for them like the BU FUD debacle (because that's all they have left to work with). Bitcoin scares the shit of of them, they know that Bitcoin truly has merit and value, and that they can't control it like they can with other cryptocurrencies that are not founded on the same principles and can be easily co-opted.

That is more than obvious now. Most pumped altcoins are most centralized and with unlimted supply. Altcoin bubble will burst at the moment bitcoin price appreciation accelerates even further so that altcoin pumpers can't keep pace with it.

[gembitz]

Call me crazy or dumb...but I am starting to have a desire of shorting BTC at these levels...

Short that ETH shitcoin instead..

I'm not a big fan of that coin either but shorting this now is not a good advise imo! Not yet!
Ethereum is backed by lots of big guys from different industries it seems. They all are licking Vitaliks butt as I often see and hear on all those blockchain conferences.
So either wait for the trend reversal and try your luck then, with shorting that crap. Or do nothing and just simply ignore it and only focus on our crown, Bitcoin!
Nobody knows where this shitcoin bubble will go or how long it will last. Crazy times we are in right now.So act cautiously!

I'm of the belief that the Altlandia bubble is just another method for the powers that be to distract the Average Joe populous away from Bitcoin. Just another form of Social Engineering for them like the BU FUD debacle (because that's all they have left to work with). Bitcoin scares the shit of of them, they know that Bitcoin truly has merit and value, and that they can't control it like they can with other cryptocurrencies that are not founded on the same principles and can be easily co-opted.

Bitcoin and it's clones are fine ~ it's the "tokens" that are the devils' invention.

[gembitz]

I'm of the belief that the Altlandia bubble is just another method for the powers that be to distract the Average Joe populous away from Bitcoin. Just another form of Social Engineering for them like the BU FUD debacle (because that's all they have left to work with). Bitcoin scares the shit of of them, they know that Bitcoin truly has merit and value, and that they can't control it like they can with other cryptocurrencies that are not founded on the same principles and can be easily co-opted.

That is more than obvious now. Most pumped altcoins are most centralized and with unlimted supply. Altcoin bubble will burst at the moment bitcoin price appreciation accelerates even further so that altcoin pumpers can't keep pace with it.

^all roads lead to polo ha

[BitcoinNewsMagazine]

I shouldn't be complaining with the price rising as quickly as it has, but I've got a bad feeling this bubble is gonna pop.

Not sure what the fundamentals are that got us from $1700->$2000 so quickly.

I wished it would pop so that I can buy.

We have not had any kind of meaningful correction since $890... but it seems that we are going up and we continue have pretty strong buying pressures and also quite a gradual upswing that seems to allow support to remain...

So maybe we will have some resistance in the $2300 to $2500 range, but if we get past that, then the next resistance is likely in the $3k to $5k territory.. so yeah.. seems like a bubble.. but at the same time we continue to have pretty decent buying pressure and support and upwards movement and a meaningful correction does not really seem in the likely cards, at least not at the moment.

In other words, bitcoin may be in "punishment mode" and not going to give shorters, bears, sellers or fence sitters to get their coins back that they sold in the $1k to $1500 range...

sorry for your loss.

According to Finabocci, next resistance line is likely around 2100 USD. It should be tested from both under and above several times (like the 1750 before). I agree we have entered bubble (and like many others I got punished for being sceptical for too long), but bubbles dont last two weeks. We are in for longer ride.

I am still sceptical that we will reach anywhere close to 10k this time around before reaching local top and substantial (months long) correction. 4-5k seems realistic in the medium term.

I think the most relevant Fibonacci extensions are drawn from the previous ATH to $152 low:

[rjclarke2000]

Bit of a drop on stamp I see.

[becoin]

Bit of a drop on stamp I see.

A lot of appetite for every drop I see.

[JimboToronto]

Good morning Bitcoinland.

Another day, another ATH, another $100 correction, another bounce back... currently $2009USD (Bitcoinaverage).

Gotta love these regular corrections as we go. They're not deep enough to be buying opportunities but just deep enough to let us know it's not a bubble.

Go Bitcoin go.

[york780]

Good morning Bitcoinland.

Another day, another ATH, another $100 correction, another bounce back... currently $2009USD (Bitcoinaverage).

Gotta love these regular corrections as we go. They're not deep enough to be buying opportunities but just deep enough to let us know it's not a bubble.

Go Bitcoin go.

exactly. Cant wait for SegWit on btc in august.

[gentlemand]

^all roads lead to polo ha

Yes, I wonder what things would look like without that joint. If I were the owner I'd be a quivering wreck of nervousness by now. Vast amounts are sloshing around on there.

[BlindMayorBitcorn]

Call me crazy or dumb...but I am starting to have a desire of shorting BTC at these levels...

Short that ETH shitcoin instead..

That would probably be a catastrophe. Korea would eat your lunch.
http://www.trustnodes.com/2017/04/30/south-korea-fallen-love-ethereum

[AlcoHoDL]

Good morning Bitcoinland.

Another day, another ATH, another $100 correction, another bounce back... currently $2009USD (Bitcoinaverage).

Gotta love these regular corrections as we go. They're not deep enough to be buying opportunities but just deep enough to let us know it's not a bubble.

Go Bitcoin go.

+1

Small dips followed by quick recovery = healthy growth. Don't sell your coins cheaply (because they are still dirt cheap). HoDL them and let the roller coaster roll.

Good things come to those who wait HoDL!

[cellard]

The price is holding nicely above $2000 in bitfinex. Let's just hope the inertia brings bitstamp back to $2000. If we establish a good floor of $2000+ on all exchanges we are set, but people are dreaming about sub $2000 now which is good too.

About UASF.... i have been learning more, and I think it's a good idea. It may be a temporal pain in the ass, but good long term. Time to run an UASF node.

[Torque]

Call me crazy or dumb...but I am starting to have a desire of shorting BTC at these levels...

Short that ETH shitcoin instead..

That would probably be a catastrophe. Korea would eat your lunch.
http://www.trustnodes.com/2017/04/30/south-korea-fallen-love-ethereum

We'll see how much they love it when the troll traders start to dump that shit into the ground.   

[BlindMayorBitcorn]

Call me crazy or dumb...but I am starting to have a desire of shorting BTC at these levels...

Short that ETH shitcoin instead..

That would probably be a catastrophe. Korea would eat your lunch.
http://www.trustnodes.com/2017/04/30/south-korea-fallen-love-ethereum

We'll see how much they love it when the troll traders start to dump that shit into the ground.   

I appreciate your cynicism. I'm full of it, too. But the kids are makin' bank.

[gentlemand]

We'll see how much they love it when the troll traders start to dump that shit into the ground.   

How will that be possible when every single token is in the ownership of Japanese grannies?

[Meuh6879]

they try, i recognize this ... they are youth.

[DonQuijote]

Good morning Bitcoinland.

Another day, another ATH, another $100 correction, another bounce back... currently $2009USD (Bitcoinaverage).

Gotta love these regular corrections as we go. They're not deep enough to be buying opportunities but just deep enough to let us know it's not a bubble.

Go Bitcoin go.

exactly. Cant wait for SegWit on btc in august.

Are you sure? why august?

[Qartada]

Good morning Bitcoinland.

Another day, another ATH, another $100 correction, another bounce back... currently $2009USD (Bitcoinaverage).

Gotta love these regular corrections as we go. They're not deep enough to be buying opportunities but just deep enough to let us know it's not a bubble.

Go Bitcoin go.

exactly. Cant wait for SegWit on btc in august.

Are you sure? why august?

The User Activated Soft Fork (UASF) is planned for the first of August.  Either miners will have agreed by then or the users will pressure it through with a split and miners will end up switching to the SegWit chain.

[Searing]

Good morning Bitcoinland.

Another day, another ATH, another $100 correction, another bounce back... currently $2009USD (Bitcoinaverage).

Gotta love these regular corrections as we go. They're not deep enough to be buying opportunities but just deep enough to let us know it's not a bubble.

Go Bitcoin go.

exactly. Cant wait for SegWit on btc in august.

Are you sure? why august?

The User Activated Soft Fork (UASF) is planned for the first of August.  Either miners will have agreed by then or the users will pressure it through with a split and miners will end up switching to the SegWit chain.

How likely is that? I mean would it not be a 3 or 4 way stall with that in the mix? Seems way to easy to actually happen imho ...what's the catch?

[SnokkomBTC]

BTC-e above Bitfinex