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Question: How low will we go before we see $10K again?
<$8,000 - 22 (38.6%)
$8,000-8,200 - 7 (12.3%)
$8,200-$8,400 - 2 (3.5%)
$8,400-$8,600 - 14 (24.6%)
$8,600-$8,800 - 6 (10.5%)
$8,800-$9,000 - 6 (10.5%)
Total Voters: 57

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21537755 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (142 posts by 32 users deleted.)
deepcolderwallet
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June 14, 2017, 05:26:30 PM


You know what's about this ethereum hype?

1- apart from the obscene fee some speculators paid to be the first to get in some ICOs, the average Ethereum fee is pretty low. And transactions are much more faster;
2- contrary to Bitcoin mining industry, that is awfully centralized, especially in China, anyone with 4 RX-480 GPUs (not even the state-of-art GPU) mining ethereum can get THE SAME AMOUNT TRADING FOR BITCOIN an Antminer S-9 can produce.

Now imagine governments really succeed to shut crypto down (hypothetically, guys, please). What do you do with an 1kWatt sucker Antminer? But in this case, you can play excellent games with your GPUs.

So why pay Jihan more than one thousand dollars for that crap? That's, in my opinion, what's driving ethereum to the moon.


Even the people involved in Ethereum project- cannot belive how much blind faith money is involved at this point..... that should be a warning sign

No problem, you can mine that crap and trade for any other crypto, and when ethereum is done, your GPUs are still valuable!
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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bitcrypto10101
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June 14, 2017, 05:27:36 PM





FUTURE ON BETTER
FractalUniverse
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June 14, 2017, 05:33:40 PM

morning
Added few more into thin ether shorts,
Later i plan on to set up buy orders for bitcoin starting from 2200 to 1500. (just for case it gets there. but technically its not out of question. (Only its not easy to apply forex technical analysis on cryptos)

closed all shorts just now. now im waiting for some rebound, I expect them to pump it up a bit higher soon, to refill orderbook for next dumping.
 My target for price where i will start buying bitcoin remains same. no buy orders set yet, there is still time for it later. No BTC shorting from me anymore Cheesy
elite3000
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June 14, 2017, 05:34:46 PM


Of course anyone can produce solar panels at home with no need of energy and transport and other resources that may harm the environment
suzanne5223
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June 14, 2017, 05:48:25 PM

Another dump.

Will the price test $2000 again or are we going to see higher lows?

Will the price test $3000 again until august?
After watching the price movement closely. So, I think the price will come down for sometime but I can't predict the exact price and the price will bounce back to the top towards the end of this year.
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June 14, 2017, 05:50:17 PM

Looks like we are seeing a little pull back on the rally across most coins today.  I guess that is to be expected since I'm sure a bunch of people sold off at around the $3,000 mark.

  What are your thoughts if we see a flip in the king of market cap from BTC to ETH.   Correct me if I'm wrong, but since there is no hard cap on the number of Ethereum generated, it could not mean all that much?

elite3000
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June 14, 2017, 05:54:27 PM

Looks like we are seeing a little pull back on the rally across most coins today.  I guess that is to be expected since I'm sure a bunch of people sold off at around the $3,000 mark.

  What are your thoughts if we see a flip in the king of market cap from BTC to ETH.   Correct me if I'm wrong, but since there is no hard cap on the number of Ethereum generated, it could not mean all that much?




Eth/btc is the most stable thing right now. Hard to predict what will happen when things changes.

I was expecting ETH rises above BTC for a short time then be heavily dumped, but don't know now.
Okurkabinladin
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June 14, 2017, 05:55:23 PM

Another dump.

Will the price test $2000 again or are we going to see higher lows?

Will the price test $3000 again until august?

Bitcoin presents a variety of opportunities that did not exist prior to its development. Yet, it has failed as yet to convert investors concerned about its potential rate of adoption as an alternative currency. Recent acknowledgement by the IRS that Bitcoin is an asset for tax purposes has clarified the situation for investors, and the promise of frictionless value transfer suggests innovative use cases in foreign direct investment. In the near term, much of the volatility will be driven by investor perception of the ability of gateways to safeguard individual holdings and provide for a reliable store of value as adoption increases.

Read more: Why Is Bitcoin's Value So Volatile? | Investopedia http://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp#ixzz4k04SefkD

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June 14, 2017, 06:06:06 PM

Guys dont you think ETH or ZEC gonna take BTC positions in the future Huh
So BTC will be much cheaper and ETH with ZEC about 1000 $
 Huh Huh Huh


Not really because ETH has its own issues and the real driver for crypto growth is the global population not this goldfish bowl, utility provided to ordinary people enabling growth that might not otherwise occur would be good also.   All that would underpin the valuations if correct.

If ETH can only describe 30 transactions maybe 15 a second then we have problem serving wider interests until significant changes are made.   I have most faith in those coins with people dedicated to  work motivated in a genuine desire to provide integrity (otherwise lacking in many countries, the world even) and utility.

BTC is driven by a dwindling miner network, its become top heavy and ego driven.  If its chained to the price and its own moneyflow instead of global interests and if not competitive in some way that allows innovation to be the determiner of success then its possibly negative in its expansion because of that.   I do not think it'll be displaced that easily, it seems the biggest threat is not other crypto but its own unguided powers
Quote
we collectively ceded our power to a small collection of specialists.

I dont think they won unaided, capitalism requires participation by the widest population possible imo not a top down system, FIAT already has that bias.   China has an advantage in government subsidy, while BTC is opposed in theory its also supported by some of the largest hydro power projects in the world creating hot spots of cheap power (ditto Solar afaik).   Also they have the access to create the cheapest ASIC cirucits most easily.     The correct path for BTC would have been towards energy efficiency which would help keep fees low and so on, its the wider benefit given that is when you really know a product will never stop

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June 14, 2017, 06:13:32 PM

I know you guys don't appreciate Roger Ver's fake news faucet, but you should take a look at this:
https://news.bitcoin.com/morgan-stanley-regulators-looking-for-a-master-key-to-the-blockchain/

This is f*cking hilarious!

EDIT: The comments are even funnier!

The author should have told Morgan Stanley that in order to get Bitcoin's master key, they needed to contact the new CEO of Bitcoin, Craig Wright.

Or perhaps contact the old CEO named Mark Karpeles. He might have the old backup master key laying around somewhere.
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June 14, 2017, 06:25:23 PM

i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that...
pretty boring.. why we not pass 3000 euros already? why those dumps?
ParabellumLite
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June 14, 2017, 06:28:56 PM

i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that...
pretty boring.. why we not pass 3000 euros already? why those dumps?

Peak euphoria is the problem: reading this board makes you think it's only a matter of time until we reach 4000+ BTC's, while nearly no one seems to be taking into account that the market may be satiated already.  BTC has bounced back twice now from about the same price level, and that is a strong signal after a two-and-a-half month long rally.
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June 14, 2017, 06:35:55 PM

i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that...
pretty boring.. why we not pass 3000 euros already? why those dumps?

Peak euphoria is the problem: reading this board makes you think it's only a matter of time until we reach 4000+ BTC's, while nearly no one seems to be taking into account that the market may be satiated already.  BTC has bounced back twice now from about the same price level, and that is a strong signal after a two-and-a-half month long rally.

Although I haven't been following the latest ICOs someone claimed some of them are raising huge amounts. When the devs behind them dump the Bitcoins they collected it might suppress the price for a while.

Maybe some dev just dumped his ICO coins. If that's what happened the market will probably soon absorb the coins and the price will go back up afterwards.
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June 14, 2017, 06:43:59 PM

I know you guys don't appreciate Roger Ver's fake news faucet, but you should take a look at this:
https://news.bitcoin.com/morgan-stanley-regulators-looking-for-a-master-key-to-the-blockchain/

This is f*cking hilarious!

EDIT: The comments are even funnier!

The author should have told Morgan Stanley that in order to get Bitcoin's master key, they needed to contact the new CEO of Bitcoin, Craig Wright.

Or perhaps contact the old CEO named Mark Karpeles. He might have the old backup master key laying around somewhere.

The audit corps (KPMG / PWC etc..) are scared of single immutable sources of truth because they make shitloads of billable hours reconciling accounts (twice) (MS vs CHASE .. CHASE vs MS .. JPM vs CITI .. CITI etc..). They are pushing really hard on weakened implementations.
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June 14, 2017, 06:54:23 PM

The correct path for BTC would have been towards energy efficiency

Why? Increased energy Bitcoin mining efficiency would not result in less consumption of electricity. Seems counterintuitive, but only at first glance. As proven by BurtW several years ago, the amount of electricity expended on Bitcoin mining is driven solely by the relationship between the prices of Bitcoin and of electricity. From any given equilibrium point:
 if energy efficiency goes up, profit goes up
 if profit goes up, more hashpower is deployed
 if more hashpower is deployed, electricity consumption goes up
And we hit a new equilibrium - where the money earned by Bitcoin mining again equals the money spent on electricity, plus some depreciation and some profit.
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June 14, 2017, 06:58:42 PM


Of course anyone can produce solar panels at home with no need of energy and transport and other resources that may harm the environment

https://suncontract.org/
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June 14, 2017, 07:14:49 PM

So I see that that surge was because someone bought tons of coins (thanks for that great screenshot by the way).  I was going to joke that oh wait, it's 4-20.  Time for everyone on Silk Road lighting up to tell their friends about suddenly there's this thing called Bitcoin and they can buy their fix ;p.

Now, granted, I don't know if I'd imagine an addict buying a 1.400+ coin order but it would be funny if the whole "Stoner's Rally" was at least somewhat true for the fact we've been surprisingly calm overnight.  It didn't move more than 2-3 bucks.  That's some of the most stable pricing I've ever seen in a ~12 hour window for coins.

Resume rally mode, thank you.
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June 14, 2017, 07:25:59 PM

i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that...
pretty boring.. why we not pass 3000 euros already? why those dumps?

Peak euphoria is the problem: reading this board makes you think it's only a matter of time until we reach 4000+ BTC's, while nearly no one seems to be taking into account that the market may be satiated already.  BTC has bounced back twice now from about the same price level, and that is a strong signal after a two-and-a-half month long rally.

Although I haven't been following the latest ICOs someone claimed some of them are raising huge amounts. When the devs behind them dump the Bitcoins they collected it might suppress the price for a while.

Maybe some dev just dumped his ICO coins. If that's what happened the market will probably soon absorb the coins and the price will go back up afterwards.


stop saying "ICO" this was a poloniex creative spin on "IPO" because ipos require registration duhhh lol Cool
FractalUniverse
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June 14, 2017, 07:30:00 PM

proper name would be ISHO (initial shitcoin offerings). or something like that.
Anyway. all those scam artist will likely have to get bitcoins to cash out their new fortune
Ludwig Von
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June 14, 2017, 07:36:53 PM

i was offline since the last dump, when i bought some at 2260 EURO and now that i am back i check we are only 45 euro up from that...
pretty boring.. why we not pass 3000 euros already? why those dumps?

Peak euphoria is the problem: reading this board makes you think it's only a matter of time until we reach 4000+ BTC's, while nearly no one seems to be taking into account that the market may be satiated already.  BTC has bounced back twice now from about the same price level, and that is a strong signal after a two-and-a-half month long rally.

Although I haven't been following the latest ICOs someone claimed some of them are raising huge amounts. When the devs behind them dump the Bitcoins they collected it might suppress the price for a while.

Maybe some dev just dumped his ICO coins. If that's what happened the market will probably soon absorb the coins and the price will go back up afterwards.


stop saying "ICO" this was a poloniex creative spin on "IPO" because ipos require registration duhhh lol Cool

To be honest, I would like even more volatility at this moment, with deeper downs and higher ups. It would allow the smarter newbies, as I am, to build up a bit of base capital and basic understanding. Also I think the big move will not so much be the ICO shitstorm(s) in a glass of water, but maybe the Icarus story happening in the FANG stocks... .  Wink
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