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

[ARTISTCOLONY]

Wow, got out of the bathtub to see an ATH.

Go Bitcoin go.

$3000 new floor * hold and buy more coins $5000-$10000 trigger safety off ..

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[keithers]

We have $3,000 in the cross hairs. I never would have thought we would be at these levels so early in 2017. To be honest I thought there wasn't a chance in hell that we would have past 2k Escow silly with the scaling civil war that was taking place before we even crossed $1200 again.


There has been so much new money going into the ecosystem. I have people at my mortgage bank who are no investing who used to laugh at the fact that I was pouring money into this for a good amount of time.

The average person is finally realizing that bitcoin isn't a ponzi scheme

[ARTISTCOLONY]

did anything actually happen, or is this all still just general crazy times?

i've been disconnected for a couple weeks, ya see. was there some big progress on scaling or something? i saw about the miners coalition for segwit then 6 months later 3mb blocks. is that what's driven us to near 3k?

BTC ===> $5000 easy * imagine fine art

http://www.sothebys.com/en.html

[DeathAngel]

i'm looking forward to the gif bitcoinity has in store for us when it's $3000 on bitstamp. better be an epic one.

I can't believe we're seeing these prices. The last year has been amazing & I really hope we continue at this pace.

[lightfoot]

There has been so much new money going into the ecosystem. I have people at my mortgage bank who are no investing who used to laugh at the fact that I was pouring money into this for a good amount of time.

The average person is finally realizing that bitcoin isn't a ponzi scheme

Totally true story: I was at the Belmont Stakes yesterday waiting in a line for some food. Struck up a discussion with the guy in front of me about paramutual betting, mentioned I was glad they didn't take bitcoins at the track and he said he recently tried buying some bitcoins at 2k each. Almost sold him the contents of my walking wallet but he seemed interested and had a few.

When you have a discussion with a totally random person at the track about this stuff, that is interesting.....

[ARTISTCOLONY]

There has been so much new money going into the ecosystem. I have people at my mortgage bank who are no investing who used to laugh at the fact that I was pouring money into this for a good amount of time.

The average person is finally realizing that bitcoin isn't a ponzi scheme

Totally true story: I was at the Belmont Stakes yesterday waiting in a line for some food. Struck up a discussion with the guy in front of me about paramutual betting, mentioned I was glad they didn't take bitcoins at the track and he said he recently tried buying some bitcoins at 2k each. Almost sold him the contents of my walking wallet but he seemed interested and had a few.

When you have a discussion with a totally random person at the track about this stuff, that is interesting.....

horse racing is def the main thing propelling the steroidal rize in bitcoin right now  !!    *ha

[FractalUniverse]

Hey, you were right on this one
cheers

I just came to PC and can see nice 3003 top printed on buttfinex chart.
With some fcking crazy 5 min volume traded to reach up there

omg it looks like failed retest of ATH and now dump

At this time, I would hardly call it a failed retest.. to be bouncing within 5% of the top. 

You gotta zoom out a bit, have a little patience, and see the price pressure situation, as it is, rather than what you wished it would be.

And yeah, sure, for several days, we could kind of float in the price arena that is immediately preceding the ATH - even 5% or a bit more and not break above such ATH, but that does not conclude that we have actually retested such ATH.

[arklan]

There has been so much new money going into the ecosystem. I have people at my mortgage bank who are no investing who used to laugh at the fact that I was pouring money into this for a good amount of time.

The average person is finally realizing that bitcoin isn't a ponzi scheme

Totally true story: I was at the Belmont Stakes yesterday waiting in a line for some food. Struck up a discussion with the guy in front of me about paramutual betting, mentioned I was glad they didn't take bitcoins at the track and he said he recently tried buying some bitcoins at 2k each. Almost sold him the contents of my walking wallet but he seemed interested and had a few.

When you have a discussion with a totally random person at the track about this stuff, that is interesting.....

i can't help but be reminded of that old story where, on the day before the big stock market crash of 1929, some big time banker was getting his shoes shined. the shoe shine boy mentions something about HIS investments, and the banker leaves and immediately pulls all his investments and gets out of the market. next day it crashes.

this is just insane. my brother called me last week for info on buying his first BTC. i told my family about it in... what, 2011 i think. heh. vindication!

[BillyBobZorton]

By the tone of your posts; "Nothing can stop ETH now, it's proven itself. It's gonna keep going up forever", I'd say it's definitely near a top.

i've thought it wasn't humanly possible to get any higher just about every minute of every day for the last few months. nothing's changed for me. 

Same here, but that doesn't mean I will go into a state of delusion.

I may be wrong about it though and I'm keeping an eye on it.

Im holding 0 ETH for the record, but if the ICO madness continues, everyone buying needs to buy some ETH. My thesis is that some people will hold some ETH long term instead of going 100% on that ICO. "Just in case I'll keep some ETH in my wallet".

On other news: BTC hits 3003 on bitfinex. Okcoin, 3071. Bitstamp and BTC-e remaining to join 3000 party.

[European Central Bank]

Im holding 0 ETH for the record, but if the ICO madness continues, everyone buying needs to buy some ETH.

nah. never. i hope everyone involved gets rich and has a happy ending. i don't understand it well enough and i don't think anybody other than vitalik does either, and maybe he's doing so much blow these days he's forgotten too.

[talkbitcoin]

@talkbitcoin

don't get me wrong. Ethereum has a long way to go to build anything close to the trust bitcoin has gained.
I am in it for the long haul and no I have not gotten rich, yet. I think Vitalik is probably in more trouble/minute
than he bargained for and I would not for the life of me want to be in his shoes.
Satoshi was smart not to give his identity away. Vitalik ... well, time will tell.

And it isn't that Bitcoin didn't have its shares of mishaps and major scams.
For example: I do not shed a tear for the GLBSE (Global Bitcoin Stock Exchange) and all its mining contracts.
I view the token sales as nothing more than GLBSE all over again and hope that it will end better this time.

I still chuckle from time to time at what people went through with Butterflylabs or Mt. Gox.
You remember the time when the coins from the Deep Web Drug market Silk Road where suddenly
up for auction and the price had to deal with the sudden availability of more Bitcoins?
I still cry for the sudden disappearance of ASICMINERs Friedcat cause it did loose me a true fortune!
Do you remember Bitcoincourt? A shame it never manifested, we would still need it.


edit: spelling

a couple of third party services working with bitcoin that either got hacked or scammed their users and ran away doesn't mean "bitcoin had mishaps". it means people trusted scumbags and scumbags do what scumbags do best!

DAO exploit or the most recent one when that Canadian exchange lost $14 million are called weakness in ethereum protocol and apparently it hapens to be easily exploitable. the fact that it does not happen more often is because people are already giving their money to the scumbags in form of ICOs, and when people are handing their money to you, you don't put on ski masks and rub them with machine guns, that is for when they stop giving you their money freely.

[JimboToronto]

Meanwhile, we passed $4000CAD according to Google.

Not just another rung up the ladder, but another milestone.

Keep 'em coming.

[Torque]

DAO exploit or the most recent one when that Canadian exchange lost $14 million are called weakness in ethereum protocol and apparently it hapens to be easily exploitable. the fact that it does not happen more often is because people are already giving their money to the scumbags in form of ICOs, and when people are handing their money to you, you don't put on ski masks and rub them with machine guns, that is for when they stop giving you their money freely.

Do people that invest in ETH not realize that if a hole in the protocol is found by hackers and exploited, it's not just the network compromised but it's also going to take down all the dapps that are built on top of it?

They might not, but the bad guys sure do. Hell, the hackers probably already have the exploit in their back pocket, ready to go at just the right time. And what a perfect way to mega pump the market and mega short on the way down.  

[JayJuanGee]

But keep on pumping that scam! What goes up that kind of parabolic will come down as well! Extremely hard and incredibly fast!

Careful, we're all in the same boat, remember bitcoin has tripled in 65 days. 

Wrong! Bitcoin has tripled doubled in 3-4 years

Both are right, and we we all know the top of 2013 would never happen under normal conditions.

Both might be correct, but one is way the fuck more relevant than the other.  You can account for short term, but you also need to account for longer term too, if you are really trying to represent facts accurately rather than trying to spin some bullshit falsities.

[Qartada]

DAO exploit or the most recent one when that Canadian exchange lost $14 million are called weakness in ethereum protocol and apparently it hapens to be easily exploitable. the fact that it does not happen more often is because people are already giving their money to the scumbags in form of ICOs, and when people are handing their money to you, you don't put on ski masks and rub them with machine guns, that is for when they stop giving you their money freely.

Hell, the hackers probably already have the exploit in their back pocket, ready to go at just the right time. And what a perfect way to mega pump the market and mega short on the way down.  

I don't know.  More attention = more coders and professionals getting involved.  If that's true then the longer hackers keep it secret, the higher their risk is of someone legitimate finding the exploit and reporting it to Ethereum (or Ethereum developers finding it themselves).

That said if they did have an exploit it'd be pretty nice being them right now.

we passed $4000CAD according to Google.

3000 USD's on its way.  It's been steadier this time, I don't think there would be a correction coming for a while, except maybe some slight resistance at that psychological barrier.

[JayJuanGee]

did anything actually happen, or is this all still just general crazy times?

i've been disconnected for a couple weeks, ya see. was there some big progress on scaling or something? i saw about the miners coalition for segwit then 6 months later 3mb blocks. is that what's driven us to near 3k?

There is nothing significant happening in the past couple of weeks.  Sure a couple of weeks ago there was news of the segwit2mb that brought a pump based on false premises, but in the end, the pump seems to merely be based on ongoing and upwards price pressures, possibly driven by demand in Japan and Korea (and of course contagious, including some of the China and Bitfinex disparities resolving themselves) and no meaningful news developments..

[BlindMayorBitcorn]

Im holding 0 ETH for the record, but if the ICO madness continues, everyone buying needs to buy some ETH.

nah. never. i hope everyone involved gets rich and has a happy ending. i don't understand it well enough and i don't think anybody other than vitalik does either, and maybe he's doing so much blow these days he's forgotten too.

Anecdote. While he was selling the Ethereum idea to investors here, I asked Vitalik what he thought Bitcoin's prospects were. I'll never forget the look on his face. Totally dismissive, with a hint of disgust. It was visceral. It's as if I stuck a bad ham under his nose.

[LFC_Bitcoin]

Im holding 0 ETH for the record, but if the ICO madness continues, everyone buying needs to buy some ETH.

nah. never. i hope everyone involved gets rich and has a happy ending. i don't understand it well enough and i don't think anybody other than vitalik does either, and maybe he's doing so much blow these days he's forgotten too.

Anecdote. While he was selling the Ethereum idea to investors here, I asked Vitalik what he thought Bitcoin's prospects were. I'll never forget the look on his face. Totally dismissive, with a hint of disgust. It was visceral. It's as if I stuck a bad ham under his nose.

Why? I know he made a shit tonne of money but why the disgust towards something that treated him so well? Because he sold the majority of his coins at a much lower price? Or because it would go against his idea of pumping various shitcoins for his own benefit?

[ARTISTCOLONY]

$3000 BTCBTCBTCBTCBTCBTCBTCBTC >>>kabooom!!!>>weeeeeeeeee!!

http://pop.h-cdn.co/assets/15/33/1439572019-main-explosion.gif

[BlindMayorBitcorn]

Im holding 0 ETH for the record, but if the ICO madness continues, everyone buying needs to buy some ETH.

nah. never. i hope everyone involved gets rich and has a happy ending. i don't understand it well enough and i don't think anybody other than vitalik does either, and maybe he's doing so much blow these days he's forgotten too.

Anecdote. While he was selling the Ethereum idea to investors here, I asked Vitalik what he thought Bitcoin's prospects were. I'll never forget the look on his face. Totally dismissive, with a hint of disgust. It was visceral. It's as if I stuck a bad ham under his nose.

Why? I know he made a shit tonne of money but why the disgust towards something that treated him so well? Because he sold the majority of his coins at a much lower price? Or because it would go against his idea of pumping various shitcoins for his own benefit?

I think he squared it with himself with reference to our 'technical limitations'.