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

[fluidjax]

MtGOX owes (from bankruptcy proceedings)
      45,609,593,503 JPY =~ 414,226,328 USD

There were 202185 BTC found.

202185 @ $2139 = $432473715

MtGox can technically cover its debts

[Iranus]

So is it an attempt to stop the User activated fork getting traction ?

yes, because the period from august 2017 to november 2017 is the enforced period for Segwit ... not the LOCK period.
https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

so Segwit2Mb is a trap.
they want introduce the 2Mb before SegWit LOCK.

So the folks who want 2Mb don't trust the SegWit people not to break away after SegWit is locked and block a later block size increase?

Sounds understandable given the emotionalism on this issue. It would be very disruptive to activate SegWit and then deactivate it before LOCK. Seems unlikely the miners would do this. It seems far more likely that the SegWit folks would increase their opposition to a block size increase to 2 Mb once they already have what they want.

I am not understanding why this is not a reasonable roadmap forward.

Any block size increase is not a reasonable roadmap forward. It solves nothing! It just postpones the inevitable next block size increase - 4mb, 8mb, 16mb... until full centralization. Big blocktards will accept anything just to follow this roadmap.

This solution is basically just trying to retaliate against UASF by pushing through something suspicious much earlier, but a block size increase with SegWit is not necessarily a bad way forward.

Since Bitcoin started in 2009, the amount of storage which people typically have has much more than doubled.  Now it's fairly normal to have 2 terabyte hard drives like one of my computers does, while in 2009 it was very new for that to be conventional.

It's OK for the block size to rise if the average amount of capacity people's computers have raises faster than the size of the blockchain.  What's important is that the block size is not flexible and it can't just rise often like it could if BU went through.

[infofront]

MtGOX owes (from bankruptcy proceedings)
      45,609,593,503 JPY =~ 414,226,328 USD

There were 202185 BTC found.

202185 @ $2139 = $432473715

MtGox can technically cover its debts

And jackass would still be able to pocket the ~$18M difference.

[Dotto]

new soonish is imminent

[LFC_Bitcoin]

$2171 on Stamp

[fichtn12345]

Back in 2013 I was waiting for a correction too when price went from 10$ to like 50$ and than above 100$. Still not happend...

Ahahahahah lmao! Nice one!

[craked5]

Everyone is talking about correction. Yeah there is going to be one, no doubt about it.
But whatever you feel like it's not going back to 1500$. So is it really worth to risk everything by trying to "see" a correction right now? :p

Just take a cocktail and ejoy the cool train to 4k$

[travwill]

Everyone is talking about correction. Yeah there is going to be one, no doubt about it.
But whatever you feel like it's not going back to 1500$. So is it really worth to risk everything by trying to "see" a correction right now? :p

Just take a cocktail and ejoy the cool train to 4k$

It does seem to be correcting in small quantities as it heads up as well.  This is definitely a rolling increase upwards versus a straight shot which seems healthier overall.  up/down/up/down/up, but overall up.

[bitserve]

We are having plenty of "corrections". Until the trend changes just try to follow this simple and common wisdom:

https://www.youtube.com/watch?v=0akBdQa55b4

If someone expects some 30% correction after some altcoins have pumped to 75x its value in a couple of months, he is a fool.

[spooderman]

Stamp price is HIGHER than finex price 

[bitserve]

Stamp price is HIGHER than finex price  

Even BTC-e and OKCOIN are.... This is the price explosion I said would happen if $2000 got broken. Everything going according to the plan. Nothing to see here.

[Qartada]

Stamp price is HIGHER than finex price 

Even weirder, the BTC-E price is actually higher than the Bitfinex price.  Not a good sign IMO - the price is going up too fast for arbitrage and sentiment about exchanges to even out these gaps.

[Iranus]

Everyone is talking about correction. Yeah there is going to be one, no doubt about it.
But whatever you feel like it's not going back to 1500$. So is it really worth to risk everything by trying to "see" a correction right now? :p

Just take a cocktail and ejoy the cool train to 4k$

Significant corrections are barely happening.  At nearly every point I've thought there's going to be a correction but I've been too skeptical.
However, the tiny corrections of $50-100 that we've been seeing along the way and the sideways movements are solid.  It shows that we're not drifting into bubble territory (yet).

[spooderman]

Stamp price is HIGHER than finex price 

Even weirder, the BTC-E price is actually higher than the Bitfinex price.  Not a good sign IMO - the price is going up too fast for arbitrage and sentiment about exchanges to even out these gaps.

bear in mind (no pun intended) that the % differences are tiny at such high prices.

it's amazing to see $100 movements count for such a small change in %.

[Torque]

Everyone is talking about correction. Yeah there is going to be one, no doubt about it.

Yeah, everyone is talking about a correction all right. A massive correction coming in the Canadian/Australian housing bubbles and debt-fueled stock markets.

You really think that Bitcoin is having massive worldwide inflows right now due to simply bull-driven speculation?  Haha, that's what they want Average Joe to think. For at least the next 1-2 years anyway.  

[2017Bubble]

I think we gonna hit 10k within 3 months

[ShroomsKit_Disgrace]

I think we gonna hit 10k within 3 months

Put your money where your mouth is.

[JimboToronto]

A splendid good morning Bitcoinland.

Seems we've settled into a new routine... new ATH, sizeable correction (in this case $85), then bounce back up even higher... currently $2175USD (Bitcoinaverage).

Google says every bitcoin is worth $3025.90CAD. I guess I'll have to update my meme (again!)



Go Bitcoin go.

[cellard]

Everyone is talking about correction. Yeah there is going to be one, no doubt about it.
But whatever you feel like it's not going back to 1500$. So is it really worth to risk everything by trying to "see" a correction right now? :p

Just take a cocktail and ejoy the cool train to 4k$

I think people hoping for huge corrections are missing the boat on a daily basis. They are thinking in terms of linear growth. The logarithmic all time high still shows a healthy growth compared to the 2013 bubble. Once we get 2013 bubble mode activated then you can call it a bubble, and that means we could hit $8000.

https://www.tradingview.com/chart/BTCUSD/pVzs1QFs-Do-not-think-in-linear-terms-when-predicting-bitcoin-tops/


If only we could solve the scaling thing, $100,000 within a decade guaranteed.

[bartolo]

Bitcoin above $2700 in South korea, 2808 at korbit. In Japan $2535 at bitFlyer. If someone is able to buy at Bitstamp to sell in one of these exchanges he will be making a nice profit. https://coinmarketcap.com/currencies/bitcoin/#markets