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

[elrippos friend]

And down we go again yeeeaaahhhhh 

[1715051177]

1715051177

[1715051177]

1715051177

[Luke2939]

Every time when you hear it is the end of bitcoin you know you can put your buy orders in.

lol! exactly! Lots of weak hands selling at whatever price they get when they have to actually buy in truck loads and fill their bags. How sad!

[El duderino_]

If you do have fiat, set sub 2000 bids up.  I did a week ago.

Can't see it holding all the way to the 1st at this rate whatever happens.  And if Segwit signalling doesn't look close at the end of the month it will get messier still; you may be looking at today's price with a wistful nostalgic sigh.

Note:  been away, and about to head off again to where it's light until midnight. However, I'm very happy with the WO survival...  and congrats to infofront for being brave enough to take on the thread. Right man for the job IMHO.

for a very new guy like me, how far do you acctually think the price will drop

and off my stash of btc that i have been buying (actually not knowing what i was buying ) for 1.5year  never sold a coin still just keep holding ??

Keep buying! Downside is very limited. We'll see >10000 by the end of this year.

thanks for the advice the last days where breathe taking   but just to learn understand what do you think acctualy is happening now or is going to happing ( explaind in easy terms and easy english cause i'm normal dutch speaking    )

and i will keep buying dips then

Nothing breathtaking here, business as usual in Bitcoinland. Greedy and overstretched margin longs will get liquidated and their bitcoins expropriated really cheap. Potential HF is a good panic fuel and is quite handy for the purpose of market manipulation.

ok and your opinion for next days up or down

and just for the run i'm in bitcoinland this last weeks where the most intense i think cause its allready 3-4 time it goes from +- 3000 to 2000....

so most important whats is actually going to happen in youre opinion for august 1?? and after?? , is this fork or anything going to happen or most likly not ??

[Elwar]

August 1st it is safest to have your bitcoins off of the exchange in a wallet.

Some people may have figured out that it's also "safe" to have your money on the exchange in dollars.

I think August 1st will be anticlimactic.

[El duderino_]

August 1st it is safest to have your bitcoins off of the exchange in a wallet.

Some people may have figured out that it's also "safe" to have your money on the exchange in dollars.

I think August 1st will be anticlimactic.

good i only keep a few btc on kraken rest is allways on a ledger.... and what does that means "anticlimactic"

[Ted E. Bare]

Nothing will happen on August 1st. As we have seen many times before, lots of drama.

[micalith]

I followed that link, then listened to https://soundcloud.com/heryptohow/roger-ver-on-craig-wrights-the-future-of-bitcoin-speech. I must say that he has a fair point regarding scaling. I would agree with him, but I certainly don't like the prospect of less decentralisation due to more expensive node tech.

If you think that, then you have absolutely no idea what you're talking about and you're being bamboozled. Roger Ver has absolutely zero credibility when it comes to technicalities, and CW is a scammer. Both have fundamental misunderstanding of SegWit and scaling in general. What their actual agenda is, besides centralization/corporate takeover, is debatable.

I guess it's down to a choice between two compromises.

It's a choice between an actual improvement and one that does nothing besides give a little throughput and centralization.

edit: the only way to avoid a split that I can think of is to accept Segwit2x for now, then get consensus for much bigger block size over the next year...

Again, you have no idea what you're talking about. Segwit2x, aka FrankenSegwit, with their ever changing proposal wants to do a flag day fork in November this year.

Well, I hope you're right. I did get the impression that Ver was rather emotional, and clinging a bit to a sentimental perception of what he thought Bitcoin was. I got this impression generally, then more concretely when he kept on saying that Bitcoin isn't broken and doesn't need fixing. I do have at least a modicum of knowledge (your accusation that I have "absolutely no idea" was a tad OTT to my mind), as I know that Segwit fixes things that indeed needing fixing, such as the necessary malleability fixes.

I guess what resonated with me was what Ver was saying about the small block size and Bitcoin transaction fee issue. I understand that spammign the network is a major difficulty, but I really haven't managed to uncover in my web searches, any further reason for why many of the developers allegedly don't want a block size increase. Is that the case?

[Ted E. Bare]

Bottom in at $2030. Anyone managed to buy? Can't get enough of the success stories.

[becoin]

If you do have fiat, set sub 2000 bids up.  I did a week ago.

Can't see it holding all the way to the 1st at this rate whatever happens.  And if Segwit signalling doesn't look close at the end of the month it will get messier still; you may be looking at today's price with a wistful nostalgic sigh.

Note:  been away, and about to head off again to where it's light until midnight. However, I'm very happy with the WO survival...  and congrats to infofront for being brave enough to take on the thread. Right man for the job IMHO.

for a very new guy like me, how far do you acctually think the price will drop

and off my stash of btc that i have been buying (actually not knowing what i was buying ) for 1.5year  never sold a coin still just keep holding ??

Keep buying! Downside is very limited. We'll see >10000 by the end of this year.

thanks for the advice the last days where breathe taking   but just to learn understand what do you think acctualy is happening now or is going to happing ( explaind in easy terms and easy english cause i'm normal dutch speaking    )

and i will keep buying dips then

Nothing breathtaking here, business as usual in Bitcoinland. Greedy and overstretched margin longs will get liquidated and their bitcoins expropriated really cheap. Potential HF is a good panic fuel and is quite handy for the purpose of market manipulation.

ok and your opinion for next days up or down

and just for the run i'm in bitcoinland this last weeks where the most intense i think cause its allready 3-4 time it goes from +- 3000 to 2000....

so most important whats is actually going to happen in youre opinion for august 1?? and after?? , is this fork or anything going to happen or most likly not ??

I don't care about next 3-4 days or what will happen on 1st August. The so called day trading is a waste of time. I use every 10-15% price drop to increase my bitcoin exposure and I'm never wrong. Just follow the golden rule - use only long term funds you won't need for the next couple of years.

[FractalUniverse]

Bottom in at $2030. Anyone managed to buy? Can't get enough of the success stories.

nope, my order is still sitting there at 2010  
the next i have @ 1855 for now, first tiny unload would be at 2095 with possibility of reloading back lower again..
[my average atm is 2127.3 btw]

[becoin]

Nothing will happen on August 1st. As we have seen many times before, lots of drama.

I prefer we get HF and get rid of Chinese extortionists and their BUcoin.

[Globb0]

and what does that means "anticlimactic"

When something doesn't really happen or is much less than anticipated and is therefor an anticlimax

[Searing]

Nothing will happen on August 1st. As we have seen many times before, lots of drama.

I prefer we get HF and get rid of Chinese extortionists and their BUcoin.

Actually, it is the large players imho chruning up all this FUD...price drops...get more coin.....I suspect it will bounce right back after August 1st

and the whales spreading the FUD on forking/usaf/etc....will have to find a new method to drive the price down, to help their further accumulation of BTC.

rinse/wash/repeat

[El duderino_]

If you do have fiat, set sub 2000 bids up.  I did a week ago.

Can't see it holding all the way to the 1st at this rate whatever happens.  And if Segwit signalling doesn't look close at the end of the month it will get messier still; you may be looking at today's price with a wistful nostalgic sigh.

Note:  been away, and about to head off again to where it's light until midnight. However, I'm very happy with the WO survival...  and congrats to infofront for being brave enough to take on the thread. Right man for the job IMHO.

for a very new guy like me, how far do you acctually think the price will drop

and off my stash of btc that i have been buying (actually not knowing what i was buying ) for 1.5year  never sold a coin still just keep holding ??

Keep buying! Downside is very limited. We'll see >10000 by the end of this year.

thanks for the advice the last days where breathe taking   but just to learn understand what do you think acctualy is happening now or is going to happing ( explaind in easy terms and easy english cause i'm normal dutch speaking    )

and i will keep buying dips then

Nothing breathtaking here, business as usual in Bitcoinland. Greedy and overstretched margin longs will get liquidated and their bitcoins expropriated really cheap. Potential HF is a good panic fuel and is quite handy for the purpose of market manipulation.

ok and your opinion for next days up or down

and just for the run i'm in bitcoinland this last weeks where the most intense i think cause its allready 3-4 time it goes from +- 3000 to 2000....

so most important whats is actually going to happen in youre opinion for august 1?? and after?? , is this fork or anything going to happen or most likly not ??

I don't care about next 3-4 days or what will happen on 1st August. The so called day trading is a waste of time. I use every 10-15% price drop to increase my bitcoin exposure and I'm never wrong. Just follow the golden rule - use only long term funds you won't need for the next couple of years.

its good for my health guy like you  give this comments .... for the 1.5years i'm reading this WO its you and i think torque i keep the most in mind about whats going on and now maybe the teddybear guy also
just love to hear the f***** good comments
like no matter what price will only go up eventially

keep holding and going to buy some more now or better wait a bit?

[aesma]

Man, my next salary will probably be on my bank account on the 31st, no way to get money to an exchange before that, too bad.

[El duderino_]

Nothing will happen on August 1st. As we have seen many times before, lots of drama.

I prefer we get HF and get rid of Chinese extortionists and their BUcoin.

Actually, it is the large players imho chruning up all this FUD...price drops...get more coin.....I suspect it will bounce right back after August 1st

and the whales spreading the FUD on forking/usaf/etc....will have to find a new method to drive the price down, to help their further accumulation of BTC.

rinse/wash/repeat

i maybe experienced something like this 6 months back when pboc made a threat, price went down dramaticly  ... is this the same kind of thing going on just to make the price drop ?

[micalith]

Bottom in at $2030. Anyone managed to buy? Can't get enough of the success stories.

Bought then jumped off the train again (tiny profit each time) a couple of times. Waiting for sub $2k now

All this prolonged uncertainty is wonderfully convenient for big money to finally get their buying opportunity.

[LFC_Bitcoin]

A wise man once said -

'Buy when there's blood in the streets even if the blood is your own'

[JanpriX]

Just checked this in Coin Dance.

http://imgur.com/a/TEBU3

[STT]

31st might be good timing so just luck of the draw, sometimes tied hands is more fortunate then trying to judge situations like this

August 1st it is safest to have your bitcoins off of the exchange in a wallet.

Some people may have figured out that it's also "safe" to have your money on the exchange in dollars.

I think August 1st will be anticlimactic.

Yea thats what I figured.  If you want to judge an open market then just imagine what is the most simple action to perform or most straight forward course.   That is to just sell up especially price looks negative and it becomes self fulfilling.   People dont resist these moves, it might be smart to buy into a selling atmosphere but its a small minority who react in that way and it requires a long term view, short term its all red.   The crowd are by definition more lemming like just moving as a mass.
Still got lots of people who dont have a proper account besides various sites they utilise, be that betting or buying or whatever.   BTC is there for using, ideally thats how I view the price background just people incidentally supporting price by holding btc overnight.  Put enough apprehension out there and people will just retract altogether not stop their game and do something boring like organise it into a wallet for some theoretical issue to resolve.   Of course theres lots of full users, but I think many in a BTC holding now are not enthusiasts just users who looking for ease of use not complication, uncertainty, bickering, politics etc.   Obviously dollar is the first source for such things and most convenient.

Looking for an especially negative target, more of a ledge on a cliff. 1600 on kraken is an old loose trend that can come into play.   The decline was slower in previous sells if we confirm below $2100 on a daily candle say