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

[JimboToronto]

A fine good morning Bitcoinland.

The uptrend continues... currently $2550USD (Bitcoinaverage).

How many days before a new ATH?

Go Bitcoin go.

[xhomerx10]

A fine good morning Bitcoinland.

The uptrend continues... currently $2550USD (Bitcoinaverage).

How many days before a new ATH?

Go Bitcoin go.

 That dream home on Maitland Ave is looking more and more like a reality by the day

[HI-TEC99]

A fine good morning Bitcoinland.

The uptrend continues... currently $2550USD (Bitcoinaverage).

How many days before a new ATH?

Go Bitcoin go.

We are $200 short of the stamp ATH today. I'm hoping one big pump this weekend pushes us above it. Maybe we'll have to wait a week or two, but this bull run is so strong we could hit $3000 in no time.

[Dotto]

Make bitcoin great again

[matt4054]

So what's the new top gonna be this time?

[bones261]

It still mystifies him that Bitcoin becomes a new form of digital money and store of value because of people's belief in bitcoin's core attributes as money (i.e., permissionless, deflationary, scarce, utility, divisible, fungible, etc).

Since when is Bitcoin fungible? Since every transaction is public, coins can and have been red flagged. Ever try to transfer coins to or from a gambling site to Coinbase?  

[Torque]

It still mystifies him that Bitcoin becomes a new form of digital money and store of value because of people's belief in bitcoin's core attributes as money (i.e., permissionless, deflationary, scarce, utility, divisible, fungible, etc).

Since when is Bitcoin fungible? Since every transaction is public, coins can and have been red flagged. Ever try to transfer coins to or from a gambling site to Coinbase?  

True, and they would be fungible without such censorship. I don't approve of what Coinbase is doing (or any other exchange for that matter). They're only going to strengthen the use of tumblers and tech like Mimblewimble in the future.

But tbh, just go try selling some PMs at a coin shop without being asked where you got it from, or without having to show proof of purchase.  

[willope]

Yep, and also alts are showing signs of exhausting (about time!) and as I have been saying from some time now, when those fools see that they are losing those crazy returns they will come back to Bitcoin for the HUGE rise. Also Kraken is very bullish and the chinesse are still ahead of all the rest (again).

Of course, noone knows... but it is looking good to me!

Looking good to me too. Money seems to have shifted from the major alts to the lesser ones. This usually presages a rise in Bitcoin.

A chain split would be a disaster. Forkers will ruin us.

I'll be sure to GTFO before UASF happens. Maybe some want to ride that rollercoaster, I for one don't.

I don't think UASF will be successful. It will cause a price crash, but nothing on the main bitcoin blockchain. 90% of nodes and miners will remain on the legacy chain.

[becoin]

Yep, and also alts are showing signs of exhausting (about time!) and as I have been saying from some time now, when those fools see that they are losing those crazy returns they will come back to Bitcoin for the HUGE rise. Also Kraken is very bullish and the chinesse are still ahead of all the rest (again).

Of course, noone knows... but it is looking good to me!

Looking good to me too. Money seems to have shifted from the major alts to the lesser ones. This usually presages a rise in Bitcoin.

A chain split would be a disaster. Forkers will ruin us.

I'll be sure to GTFO before UASF happens. Maybe some want to ride that rollercoaster, I for one don't.

I don't think UASF will be successful. It will cause a price crash, but nothing on the main bitcoin blockchain. 90% of nodes and miners will remain on the legacy chain.

Nobody needs Bitmaincoin. Price will crash for Jihan's chain. The rest will flourish.

[White sugar]

It still mystifies him that Bitcoin becomes a new form of digital money and store of value because of people's belief in bitcoin's core attributes as money (i.e., permissionless, deflationary, scarce, utility, divisible, fungible, etc).

Since when is Bitcoin fungible? Since every transaction is public, coins can and have been red flagged. Ever try to transfer coins to or from a gambling site to Coinbase?  

True, and they would be fungible without such censorship. I don't approve of what Coinbase is doing (or any other exchange for that matter). They're only going to strengthen the use of tumblers and tech like Mimblewimble in the future.

But tbh, just go try selling some PMs at a coin shop without being asked where you got it from, or without having to show proof of purchase.  

sell some personal messages

[Qartada]

I tried to see what people saw in ETH. I just couldn't. I still can't.

and 99% of the people who put money in can't either. they like the rising price, the fancy words, the leader who would have to be invented if he didn't already exist he's that perfect and the marketing pushes.

True.  But more importantly, ETH has the mentality of being a master crypto.

What I mean by that is that it revolves around the idea of everyone else creating "decentralised" blockchain applications on their platform, in which case it would be a new kind of master crypto in which all other cryptos are created with Ethereum.  That basically makes Buterin an evil genius.

Bitcoin can still be a "master crypto" in price and usage in terms of merchants, but ETH's idea is to literally eat up every other new crypto by having them created on their platform, which puts them consistently in second place unless earlier coins like Litecoin take off more.

Sure the price is empty speculation, but some of the Bitcoin price is empty speculation as well.  The difference is that Ethereum is good at advertising, and Bitcoin finds this difficult due to actually being decentralised.  So ETH will be a secondary crypto for people who like ICO hype and couldn't care less about what Bitcoin actually does.

[Torque]

Bitcoin can still be a "master crypto" in price and usage in terms of merchants, but ETH's idea is to literally eat up every other new crypto by having them created on their platform, which puts them consistently in second place unless earlier coins like Litecoin take off more.

Sure the price is empty speculation, but some of the Bitcoin price is empty speculation as well.  The difference is that Ethereum is good at advertising, and Bitcoin finds this difficult due to actually being decentralised.  So ETH will be a secondary crypto for people who like ICO hype and couldn't care less about what Bitcoin actually does.

But if none of the ICO "applications" go anywhere and prove worth anything (which I believe nearly 99.999% will not), then ETH will go to zero. As it should, because it's worthless for anything else. No one is going to buy ETH just to use some type of dapp that doesn't make money nor even need a blockchain the first place.

Bitcoin on the other hand doesn't need apps. It IS the killer app. It's the network stupid^TM.

[becoin]

ETH has the mentality of being a master crypto.

This mentality will change when it becomes a bitcoin sidechain.

[European Central Bank]

True.  But more importantly, ETH has the mentality of being a master crypto.

it's a superb strategy, but they're gonna have to work an awful lot harder to convince me that they're the bedrock of countless future systems. they move too fast and they've already blown it with their roll back.

[STT]

We are $200 short of the stamp ATH today. I'm hoping one big pump this weekend pushes us above it. Maybe we'll have to wait a week or two, but this bull run is so strong we could hit $3000 in no time.

It should not run without halt as it must cross previous uptrends we failed first time round and which led to the sell off.    Depends on the volume of buyers at this price previously, some will be selling into the rise and of course 3000 itself is going to cause a sell by its own for some people just like 2000 was where people wanted to take profits.   Even if its not smart to sell round numbers, its what people do in conjunction more then any other number, that creates a speed bump to any rise.   That known area of resistance brings in speculators who exist on the negative side as well those who speculate on rises, so we have yet to iron out the exaggerated effect of a simple round number.  It'll be a month at least I think, excluding any actual news effects.

Constantly reconfirming the price at these prices is overall a positive and helps us medium term, nobody should be really negative especially at this moment.  Bitcoin has been doing good work this whole year, I would like to understand more about why that momentum exists (obviously halving is there but also more I think) but a negative mindset to these graphs seems way off.

[BitcoinNewsMagazine]

So what's the new top gonna be this time?

Look for a pause at $3300 on the way to $4200 - $4400

[JayJuanGee]

153BTC wall on Bitstamp @2513

The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.

If everything is indeed flipped and we are getting weekend pumps, then it begs a question what will happen on mondays, which used to be bullish until now. Dont you agree?

Recovery takes forever and OKcoin lost 10% of its value this morning, I am not so sure, that we will see continuation of uptrend just yet. Maybe more consolidation into the summer?

You seem to be worried about a short or buying back, and you are talking against the actual facts.

We are going up, and this summer seems like up, too, at least for the near future.

Even though we may have a couple of corrections alongs the say, see you in the $4 to $6k range, and then we go from there.. maybe correction at that point?

[jbreher]

That was fun.

Just watched someone choke down 100.00000000 BTC. In a single gulp.

[julian071]

Ugh, had a run-in with a car that ran a red light. The bike I bought with my BTC profits is most probably a total loss. I'm reasonably fine physically tho, and of course the woman who ran the red ligth will have to pay for all damages. If it is a total loss, I am undecided on whether to get a Panigale 959 next or a Multistrada Pike's Peak.

[kurious]

Ugh, had a run-in with a car that ran a red light. The bike I bought with my BTC profits is most probably a total loss. I'm reasonably fine physically tho, and of course the woman who ran the red ligth will have to pay for all damages. If it is a total loss, I am undecided on whether to get a Panigale 959 next or a Multistrada Pike's Peak.

Glad it's the machine and not you.