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

[kurious]

Time to short to recover 7k losses

Jeez, I hope you didn't short.  1850 was probably the time to buy.

I didn't catch it, risked buying back some at 1899, but could not move fast enough for 1850, it was there for no time at all.

Where are the 'BTC is not volatile' chaps right now?

Oh, and if it it looks like a bubble and acts like a bubble?  It's probably a bubble - anyone not selling a few on the way up was deluded, a correction was obviously possible, even if the bull-trend is not broken.  

Not much fiat can enter over a weekend and with some serious parts of the world on a three-day weekend, it was a great time for a dump.  

They don't say 'sell in May and go away' for nothing.

Edit: spelling.

[r0ach]

Hey R0ach, why do you always speak as if there a war between gold/silver and Bitcoin for world currency dominance, and only one could win and the other will certainly die

Bitcoin and metals can live happy and together

Vermin like Larry Summers and Ben Bernanke are promoting "cryptocurrency" now.  Do the math.  The main purpose of bitcoin is currently regulatory arbitrage, which is something the state would never allow on a long timeline.  They will claim volatility is too high + too many people are laundering money or not paying taxes and will force something like chain anchor on people, or create a fixed address alias system wrapper to go around bitcoin and mandate everyone use it or be considered a launderer.  

Bitcoin is stupidly easy for the state to co-opt, that's why they WANT you to use it.  They want all the cattle herded into this bullshit and out of the gold and silver market so they can then slam the door shut on the slaughterhouse with everyone trapped inside.  You are basically helping them enslave you by using it because it's inevitable they will turn this into their cashless society slave system in one way or another.  It's also clear all the R3 banker scum own far more Ethereum than Bitcoin, which is why they are constantly trying to pump completely useless and centralized Ethereum too.  

[HI-TEC99]

Just woke up, what a mess   As expected... This is the reason why Bitcoin never will succeed. People can´t trust this. Now the media shitstorm will start all over again.

bs

You remember that Gox scenario? It took almost 4 years to recover... I feel the same this time.

Except that we have no Gox-like event this time. At least not yet.

Apparently we had the opposite this time. Either Gox is moving towards solvency, or was briefly solvent at the ATH.

2400 on bitstamp, eh? I guess this means Mt. Gox is solvent againt.

https://news.bitcoin.com/bitcoins-price-rise-mt-gox-closer-solvency/

[European Central Bank]

so are we really gonna sell in may and go away? i'd be disappointed if the bitcoin market was that much of a cliche.

damn, maybe it is.

and maybe there's gonna be an epic winter again too.

[ErisDiscordia]

Roach is the new NLC.

[r0ach]

Roach is the new NLC.

No, I'm the only honest person on the entire forum that doesn't make up lies claiming bitcoin is a more sound form of money than gold and silver.

[Wekkel]

More pages accruing in this downfall then in the runup. I guess BTC needs to die one more time 

[Meuh6879]

[Periodik]

Damn I never tried to take an eye at polo today to avoid depression and just focus here at my work. But now I see this. 

[zoolander]

so are we really gonna sell in may and go away? i'd be disappointed if the bitcoin market was that much of a cliche.

damn, maybe it is.

and maybe there's gonna be an epic winter again too.

[Meuh6879]

and one thing, too :

https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

This BIP will be active between midnight August 1st 2017 (epoch time 1501545600) and midnight November 15th 2017 (epoch time 1510704000) if the existing segwit deployment is not locked-in or activated before epoch time 1501545600. This BIP will cease to be active when segwit is locked-in.

dump price are good for this deployment, too. 

[simmo77]

IMO this starts to become buyable @ $1300 and if it gets to sub $1100 I will be filling my boots.

<Note to self: go buy some boots>

[White sugar]

cavalry have arrived.

10K 'round the corner

10K CNY?

I don't think this dump is over yet.

There will be no horses coming until Monday at least, because wire transfer are paused on weekends

[simmo77]

Appears we are well into the exponential phase of the bull run. The doubling in the last 30 days means it is well advanced, without a significant correction around these levels (anywhere from here up to 3600) the blow off from here may be only a matter of 3-4 weeks of insane bull left, culminating in somewhere near $9588-10k target of luc's for the blow-off top for this adoption wave. Huge volumes of new money will keep flooding in until the doubling time-scale gets less than the time-scale for new entrants to enter the market (exchange delays, transfer processing delays will all be factors in limiting the ultimate flow rate of new money into the market that sets the lower limit on the final doubling-time scale) .... and then the infrastructure will receive it's best new market signal of what scale of hardware/software/support capacity roll-out it will need to sustain the next adoption wave (circa 2020 halving plus 9-12 months?), given that the size of the market demand is still relatively infinite compared with the current in situ infrastructure necessary to cope with the burgeoning growth of demand now being witnessed.

In the alternate case of a significant correction in the next 2-3 weeks then a new assessment will be warranted.

[Meuh6879]

History.

[Meuh6879]

Epic History.

[White sugar]

History.

Highest price: around $2700
Bottom: around $1800

This is more than $300. Actually close to $900

What do you mean with your post?

[Meuh6879]

Rabbit hole.

[Hunyadi]

Rabbit hole.

Percentages....not dollars....

[paratox]

Without any big bad news coming out now, I think this is just a big correction after a big run up, not a crash+long bear market like we saw starting in the end of 2013/beginning of 2014 due to China+Mt Gox.