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Question: Where will this rally top out?
Already topped <$7,000 - 20 (22.5%)
$7,000-$7,499 - 7 (7.9%)
$7,500-$7,999 - 8 (9%)
$8,000-$8,499 - 7 (7.9%)
$8,500-$8,999 - 6 (6.7%)
$9,000-$9,499 - 1 (1.1%)
$9,500-$9,999 - 1 (1.1%)
$10K+ - 39 (43.8%)
Total Voters: 89

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21590115 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. (144 posts by 34 users deleted.)
Last of the V8s
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June 27, 2017, 12:25:22 PM

http://news.8btc.com/community-celebrities-cutting-off-relations-with-ico-projects
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June 27, 2017, 12:26:58 PM

Anyone notice this thread has 1/10th the traffic of past rises and dumps?  I think this is a sign of the fact that there's no reason for cryptocurrency to exist unless you can create an ASIC proof algo where coins can be mined on commodity hardware, or constantly change the algo to defeat them.  Without doing that, the draught of new people coming in signals the date of ASIC creation as the start of the coin's eventual death.  If this thread is any indicator of the system at large, Bitcoin is like a brown dwarf star running on fuel from a prior era.  

The only thing keeping it going at all is that some PoW altcoins are used as proxies for new people to occasionally enter.  Those altcoins are generally only profitable to mine during bull runs, so it also has the side effect of making bubbles larger and bear markets even more bearish.  This phenomenon is why you always see proof of stake coins wither and die like clockwork as well.

Well Ive recently returned to the bitcoin world. My story is I sold out 2 years ago due to financial reasons. So I think the reason there is not a lot of newbies is BTC is just too damn expensive to get into for first-timers and for people like me who used to have a modest stash and sold well its no fun participating in a forum of a coin you used to have and is now way more valuable.

Reason for my return is I am determined to start to get back in the game and build up a decent BTC stash mainly using altcoins as a step in the door. I for one was around in 2012 but after having to sell a few years ago stopped checking the forum and lost my old account
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June 27, 2017, 12:28:58 PM

So...bitcoin transactions are getting cheaper...

 Tongue
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June 27, 2017, 12:31:51 PM

Anyone notice this thread has 1/10th the traffic of past rises and dumps?  I think this is a sign of the fact that there's no reason for cryptocurrency to exist unless you can create an ASIC proof algo where coins can be mined on commodity hardware, or constantly change the algo to defeat them.

No, the reason is that all the troll traders that used to frequent this sub are now spending all their time trolling on all the various alt coin forums now.  Bitcoin is passe to them, the market too mature now and not enough impressionable young weak hands to try and manipulate in order to create more volatility.

Plus fake FUD stories, scams and hacks work better on those shitcoins. The Bitcoin community has been there done that and way over it now.

I'm sure that the troll FUDsters will be back here when the whole SegWit shitstorm cranks up.
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June 27, 2017, 12:55:37 PM

Moment of truth approaching ?

Bitstamp, RSI (14,close) on Hourly:


The area between the green dashed lines is "danger area".
Since June 21 price corrects when boundary gets crossed.
Curious about the outcome.

See yourself, "resistance" is clearly visible on 1H ( 4H as well ).
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June 27, 2017, 01:06:52 PM

So...bitcoin transactions are getting cheaper...

 Tongue


True ... but, very strangely, the MEMpool is stable since the PURGE (auto-spamming feature from miners ?).

24h



This day.
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June 27, 2017, 01:16:30 PM

This guy gets it. The blockchain's (er, Bitcoin's) killer app is Bitcoin.

https://twitter.com/Coinnoisseur/status/879468433850683392
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June 27, 2017, 02:01:35 PM

This guy gets it. The blockchain's (er, Bitcoin's) killer app is Bitcoin.

https://twitter.com/Coinnoisseur/status/879468433850683392
I saw a video by Antonopoulos saying the same thing. He's got interesting videos on his youtube channel. Recent ones are about these ICOs.
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June 27, 2017, 02:04:33 PM

looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200
maybe I'll wait until it settles a bit

.

edit> that was fast  Cheesy finex already below yesterday
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June 27, 2017, 02:12:37 PM

This guy gets it. The blockchain's (er, Bitcoin's) killer app is Bitcoin.

Or the govt creating a federated chain to enslave you with a cashless society slave system, pick one.
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June 27, 2017, 02:16:22 PM

stamp broke as well, only btc-e to go now
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June 27, 2017, 02:23:54 PM

Moment of truth approaching ?

Bitstamp, RSI (14,close) on Hourly:


The area between the green dashed lines is "danger area".
Since June 21 price corrects when boundary gets crossed.
Curious about the outcome.

See yourself, "resistance" is clearly visible on 1H ( 4H as well ).

Seems another leg down to go.
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June 27, 2017, 02:35:20 PM

Bitcoin is dieded.
Another time.
Sell.
Panic.
Crash to $0.
Noone needs it.
Noone wants it.
Escape till you can.
...
 Cheesy
 Wink

Se you at $1000000/btc.
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June 27, 2017, 02:49:22 PM

Keep an eye on the total crypto market cap.

If we break below the $97B cap and stay there for a while, the total crypto market downtrend will be confirmed.

At that point I think alts will start trading back into btc on every btc dip.

We hit $96B. Stay frosty my friends.

Down to $88B now. Alts are trading into btc on the dips, so Bitcoin dominance % still rising.  Good sign for bitcoin. Bad sign for Altlandia shitcoins.
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June 27, 2017, 02:51:24 PM

This guy gets it. The blockchain's (er, Bitcoin's) killer app is Bitcoin.

Or the govt creating a federated chain to enslave you with a cashless society slave system, pick one.

No, FedCoin is still in development. Stay tuned.  Wink
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June 27, 2017, 02:52:27 PM

looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200
maybe I'll wait until it settles a bit

.

edit> that was fast  Cheesy finex already below yesterday

CEX.IO only hit 2400. I think I need to start using a more volatile exchange
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June 27, 2017, 02:58:00 PM

looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200
maybe I'll wait until it settles a bit

.

edit> that was fast  Cheesy finex already below yesterday

CEX.IO only hit 2400. I think I need to start using a more volatile exchange

haha, you should have seen c-cex then. i sold bitcoin there @$2900 and am kicking myself why i didn't place the sell orders at $3100 because someone with fat fingers apparently did a cleanup buy all the way up there Cheesy
i placed the sell order as a joke because i had nothing else to do and no altcoin to buy!
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June 27, 2017, 03:25:03 PM

looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200
maybe I'll wait until it settles a bit

.

edit> that was fast  Cheesy finex already below yesterday

CEX.IO only hit 2400. I think I need to start using a more volatile exchange

haha, you should have seen c-cex then. i sold bitcoin there @$2900 and am kicking myself why i didn't place the sell orders at $3100 because someone with fat fingers apparently did a cleanup buy all the way up there Cheesy
i placed the sell order as a joke because i had nothing else to do and no altcoin to buy!
What sort of vol did you sell at that price just out of curiosity?
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June 27, 2017, 03:41:31 PM

Good morning Bitcoinland.

Missed yesterday's $200 dip and $150 recovery but it's still bouncing up and down like a yoyo... currently $2323USD (Bitcoinaverage).

It's not quite a deep enough dip for me to reallocate funds to buy into it but it's still an opportunity for anyone who missed the last big dip.
______

I figure that since most altcoins are bought with Bitcoin, noob suckers buying into the alt bubble drove the price of bitcoins up, buying them with their fiat.

It also figures that when the altcoin bubble burst, it would bring the price of Bitcoin down, as they sold for bitcoins which they then sold for fiat.

This would go a long way to explaining why on the way up, both rose quickly in price with alts rising faster, and on the way down down, both fell rapidly with alts falling faster and deeper.
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June 27, 2017, 03:51:08 PM


I figure that since most altcoins are bought with Bitcoin, noob suckers buying into the alt bubble drove the price of bitcoins up, buying them with their fiat.


Aye, I'd say that was easily the biggest driver, especially on Localbitcoins.

I wonder what the aftermath of this alt bubble will look like. Essentially nothing much has been proven or established by any of them still. It's even more empty hype than before with the added extra of a potentially humongous price collapse.
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