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

[podyx]

I'd like to predict ATH by 07/23 if it's still possible

Reason why is because we've had such a strong run from 1800 right up under the ATH without any retraces at all, a small retrace just below it is reasonable(which I also posted when we were at 2925) when we've had such a crazy run. And I expect the strength to continue pretty soon.

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[becoin]

And there are people out there that say that there is no insider trading collusion going on in the Bitcoin market?

Pfff!  

Of course, there is insider trading collusion on bitcoin market. There is such on every market. But on the bitcoin market there is a way for everybody to profit from this collusion. Always enter market by buying the dumps!

[Elwar]

NO BETS TAKEN ANYMORE AFTER 21/07 23:22 (CET) –> +- 6 hours to be on the game (From then, last post till when ATH is reached, because the post is becoming too big)
What to win for the person closest to the date (CET !)?
ATH BTC date = 0.25 BTC + 0.25 BTC EXTRA for a specific reason why this date!
****ATH by bitstamp****

I suspect that half of the names on that list are the same person.

[nanobtc]

ATH prediction, August 27,2017.
Strategy? Buy low, sell high. HODL.
Thanks

[undeadbitcoiner]

NO BETS TAKEN ANYMORE AFTER 21/07 23:22 (CET) –> +- 6 hours to be on the game (From then, last post till when ATH is reached, because the post is becoming too big)
What to win for the person closest to the date (CET !)?
ATH BTC date = 0.25 BTC + 0.25 BTC EXTRA for a specific reason why this date!
****ATH by bitstamp****

I suspect that half of the names on that list are the same person.

Same here and specially when i see some post with just ATH with no reason and New ID's feels like just created to participate in ATH 

[Torque]

And I expect the strength to continue pretty soon.

I don't. Call me bearish, but I think we've just seen the double top.

What would continue to drive the market up higher from here? Serious question.

[European Central Bank]

What would continue to drive the market up higher from here? Serious question.

the pent up innovations? the people holding fire until bitcoin could prove it was ready for the future? maybe nothing much is gonna happen in the short term and we've had our fun for now, but mid/long term a pressure valve has been released.

[jbreher]

I learned my lesson when I thought side-chains would kill altcoins. So long as there's economic incentive BCC will happen

I agree it will happen. Jihan has figured there is enough of a market to pitch the pointless alt BCC to a small group . I think it will be profitable for those miners to sell these tokens to you.

Don't look at me. I ain't buying them

You won't need to buy them. You'll have them when the fork happens. One for every BTC you have.

What you do with them is up to you.

https://youtu.be/rLWAlWfgivA?t=43s

WTF ever was that?

In such scenario you better stock up cans of food, guns, ammo, gas, and any other useful stuff.

Can't really stockpile gas. Even after treatment with Sta-Bil, it gets gummy and useless after a year or so.

Don't forget water. If you think about it, municipal water is the strongest tool TPTB have to round the populace up.

If you have a gun, why food? There a plenty of stray cats, squirrels. rabbits, coyotes, beaver, etc near the creek.

After said wildlife becomes the only protein available to not only you, but the rest of humanity as well, how long do you think they'll last?

What would continue to drive the market up higher from here? Serious question.

The price rebound & apparent resolution of the Bitcoin Two Years Civil War being yammered in the popular press.

[Last of the V8s]

And I expect the strength to continue pretty soon.

I don't. Call me bearish, but I think we've just seen the double top.

What would continue to drive the market up higher from here? Serious question.

short term: allaying these doubts - https://medium.com/@jimmysong/pathological-bip91-uasf-scenarios-102e2707991c

Aug 1st Jihan forks off or not?

short/medium: then pricing in this - 2017 August 23 or thereabouts — Difficulty Adjustment Period closes and BIP141 (Segwit) is active. https://medium.com/@jimmysong/uasf-segwit2x-scenarios-and-timelines-1a540336c4be

segwit/tier 2 being shown to have some goddam use

medium: 2017 November 18 or thereabouts — 2x Hard Fork (scheduled). ditto source

long: more attempts at big blocks cf minute 40 https://www.youtube.com/watch?v=W4Kcvi6eWT0&feature=em-lbcastemail Belshe/Corallo talks...
 edit: found the twitter convo https://twitter.com/TheBlueMatt/status/886979645438078981
delays scaling debate for another year? then finally moonshot?

[lost_in_base]

The current ATH for Bitstamp is $2980. We got very close to it yesterday, but the price was going way too quickly and was not sustainable. I think that a new number may be possible, very shortly. Therefore:
New ATH: July 24. 2017 (even if entries can't have the same date?).
Reason: BIP91 activates in ~250 blocks and the reached price yesterday.
In case that some people have not noticed it yet:

https://www.blocktrail.com/BTC/pool/btccom
https://www.blocktrail.com/BTC/pool/antpool
https://www.blocktrail.com/BTC/pool/viabtc
https://www.blocktrail.com/BTC/pool/btctop

All of these have started to signal Segwit. BIP148 working as intended.

My bet was 24 july.
Because original plan was (pools) to start signaling at 21 july(info from github).
I counted lock on 24 but signaling started earlier so it maybe activation around 24.

Because of these 3 days they took in advantage ATH was close to happen 21 but did not quite reach it.
Next change is 24 monday, the day after weekend when new fiat rolls into exchanges --> ATH.

[becoin]

What would continue to drive the market up higher from here? Serious question.

What always did.
Bitcoin is an excellent store of value. Can't be confiscated. There are 16,4 million bitcoins currently in circulation. There will be only 21 million. There are more than 7 billion humans on this planet. Central banks are printing new money in hundreds of billions every month. This is more than enough to drive bitcoin price to really insane levels.

[Meuh6879]

[bikerleszno]

What is BIP141... IT is good if it will be approved or not good? Anyone can tell more about this?

[Torque]

What would continue to drive the market up higher from here? Serious question.

What always did.
Bitcoin is an excellent store of value. Can't be confiscated. There are 16,4 million bitcoins currently in circulation. There will be only 21 million. There are more than 7 billion humans on this planet. Central banks are printing new money in hundreds of billions every month. This is more than enough to drive bitcoin price to really insane levels.

Yes yes, those are all valid reasons long term for the price of bitcoin to rise to great new heights in the future.

So let me rephrase my question.

What specifically will be so earth shattering for Bitcoin within the next 6 months that price will rise from here to "insane levels"?

You guys do realize that the total crypto market hit a high of $116B, and now with even this mega pump we are only back up $92B? Not even back to over $100B, nor do I see that happening within 6 months.

[European Central Bank]

What specifically will be so earth shattering for Bitcoin within the next 6 months that price will rise from here to "insane levels"?

insane within 6 months?

nothing.

[Torque]

What specifically will be so earth shattering for Bitcoin within the next 6 months that price will rise from here to "insane levels"?

insane within 6 months?

nothing.

Exactly.

Hence my short term bearish attitude.

[Dakustaking76]

Can someone explain Whats going on with bip141?
Is this bad ore not the mining is increasing???

[bitserve]

BIP141 - 76.4% and growing fast (almost all blocks mined recently signal BIP141)

Maybe another run up when BIP141 lock-in is inminent?

[European Central Bank]

Exactly.

Hence my short term bearish attitude.

is returning to 1800-2200 even considered bearish? this has been a crazy blip more than anything.

[Herman Hesse]

What would continue to drive the market up higher from here? Serious question.

What always did.
Bitcoin is an excellent store of value. Can't be confiscated. There are 16,4 million bitcoins currently in circulation. There will be only 21 million. There are more than 7 billion humans on this planet. Central banks are printing new money in hundreds of billions every month. This is more than enough to drive bitcoin price to really insane levels.

Yes yes, those are all valid reasons long term for the price of bitcoin to rise to great new heights in the future.

So let me rephrase my question.

What specifically will be so earth shattering for Bitcoin within the next 6 months that price will rise from here to "insane levels"?

You guys do realize that the total crypto market hit a high of $116B, and now with even this mega pump we are only back up $92B? Not even back to over $100B, nor do I see that happening within 6 months.

I agree completely. Nobody doubts that long term BTC will rise enormously, but short term, we should look at the MarketCap from end of May this year, and use that as orientation. The rise of coins in spring was to fast..30-120 M. So short term, I am bearish, especially for altcoins..
No need for euphoria in short term...let's be objective.. In 2017, the coins already went up very , very high..more than enough.