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

[Slow death]

Nice history ... in 2 months.

This sums up the whole story.

So, when will we see the $3000? I do not want to be the one that takes people joy, but whenever it's close to $3000 the price drops a lot, is it finally that I'll see  $3000 this time?

[savetherainforest]

In simple terms, why you should hope cryptocurrency dies and gold and silver defeats them:

All cryptocurrencies are inherently rent seeking usury systems and a pseudo form of debt based currency if you will. The PoW chain does not just magically stay up on it's own, it requires a constant upkeep to exist at all (rent). A peer to peer physical gold or silver transaction can be done with no overhead cost; they're the equivalent of an off-chain transaction with no middleman or monopoly man gouging you with usury fees.  

Cryptocurrency is completely different.  Even if you attempt to do off-chain transactions via something like lightning network, or even in-person transactions with physical bitcoin bearer bonds, the transactions ALWAYS have to be settled on-chain eventually, so you are NEVER escaping the rent seeking usury system.  Since the blockchain is highly scaling constrained, it's like condeming yourself to extreme usury in the end game.  Bitcoin PoW is designed to centralize and the cartels running the mining operations will either be taken over by TPTB who already run the current system, or will just be a recreation of them in practice.

The further you abstract money away from barter, the larger a scam it is.  Only physical commodity based currencies are sound money that remove middlemen while allowing you to escape the debt based, rent seeking usury system.

Let me tell you why I don't like gold and silver, and also I think they will become redundant:

- Gold & Silver can be scanned trough borders, because those are in the group of some of the most dense metals. Those scanners are for radioactive materials, but they pick up gold, silver, copper very easy as well.

- The Solar System is full of gold & silver, and also the more economic growth the world will see, the more sophisticated equipment and bigger trucks will be invented for more efficient mining!!! Might I remember you that we have thousands of kilometers of matter under our feet??

- The population of the globe will start to decline. Mostly because of technology and higher education. So people that will live longer will just be complacent in their comfort zone and not drive economic panic of gaining wealth. Also there is a lot of real estate that needs to be used by lesser people.

So R0ach... get real!     (even if I might think in the short term in the next 2-3 years Gold & Silver are devalued and they will get back to better values... but then what?? )

[xhomerx10]

This has been me all summer.


Friend: Hey I guess I should have listened to you this whole time when you told me to buy bitcoins, good for you. Can I ask you a question?

Me: Sure (thinking: ok, time to point him to a bitcoin exchange finally)

Friend: I've been reading about this new up and coming cryptocurrency <insert alt here>, do you think I should invest in this new coin?

Me: *facepalm*

 I've also been approached recently but it's always about mining ETH.  I tried so often to introduce my friends to bitcoin that I'm no longer allowed to mention it.  If a newcomer arrives and asks about Bitcoin, everyone else at the table will groan or leave...sometimes both.  You can take a horse to water...

[Tmdz]

Nice history ... in 2 months.

This sums up the whole story.

So, when will we see the $3000? I do not want to be the one that takes people joy, but whenever it's close to $3000 the price drops a lot, is it finally that I'll see  $3000 this time?

Looking at the past run-up, fud eased after bip 91 got locked in and confidence returned.

Tomorrow will mark another completed stage in the upgrade where non-segwit running blocks will be rejected.  Good probability of even stronger confidence as segwit becomes a guarantee and buying flows into the market.  We could see an ATH at that time although it could be short lived considering segwit will still take some time until activation and there is a possibility of a bug or the fud machine to shit out negative news to give traders another opportunity to vacuum up weak handed coins.

[bones261]

 I've also been approached recently but it's always about mining ETH.  I tried so often to introduce my friends to bitcoin that I'm no longer allowed to mention it.  If a newcomer arrives and asks about Bitcoin, everyone else at the table will groan or leave...sometimes both.  You can take a horse to water...

My friends and family just roll their eyes and just figure it's an extension of my gambling problem. They are probably right. However, since I made my entry in late 2014/early 2015, this has been more fruitful than my attempts at card counting. (Didn't help that I tried to mask my card counting by accepting all of the free drinks.) They may be coming around though. My partner scolded me for using my btc to purchase a small gold bar the other day.

[d_eddie]

My friends and family just roll their eyes and just figure it's an extension of my gambling problem. They are probably right. However, since I made my entry in late 2014/early 2015, this has been more fruitful than my attempts at card counting. (Didn't help that I tried to mask my card counting by accepting all of the free drinks.) They may be coming around though. My partner scolded me for using my btc to purchase a small gold bar the other day.

Hehe, it often happens that new adepts are more zealous than seasoned ones...

[Slow death]

Nice history ... in 2 months.

This sums up the whole story.

So, when will we see the $3000? I do not want to be the one that takes people joy, but whenever it's close to $3000 the price drops a lot, is it finally that I'll see  $3000 this time?

Looking at the past run-up, fud eased after bip 91 got locked in and confidence returned.

Tomorrow will mark another completed stage in the upgrade where non-segwit running blocks will be rejected.  Good probability of even stronger confidence as segwit becomes a guarantee and buying flows into the market.  We could see an ATH at that time although it could be short lived considering segwit will still take some time until activation and there is a possibility of a bug or the fud machine to shit out negative news to give traders another opportunity to vacuum up weak handed coins.

Speaking in negative news, are still spreading the news that the Japanese will close their exchange on August 1 I also knew that in Japan the places that accept bitcoin as payment will not accept on August 1, will only accept from the day August 4

edt:

The Japanese changed the date of suspension to July 23


https://news.bitcoin.com/japanese-exchanges-to-suspend-services-on-sunday/

[BinaryReign]

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.

23/07 already taken by: Bitcoinaire

is it too late for me to get the next soonest available date? 8-27? I didn't realize someone already called 8-18  

31/08 was the soonest possible! grtz

thanks, any freeroll is better than no freeroll 

[Slow death]

 I've also been approached recently but it's always about mining ETH.  I tried so often to introduce my friends to bitcoin that I'm no longer allowed to mention it.  If a newcomer arrives and asks about Bitcoin, everyone else at the table will groan or leave...sometimes both.  You can take a horse to water...

My friends and family just roll their eyes and just figure it's an extension of my gambling problem. They are probably right. However, since I made my entry in late 2014/early 2015, this has been more fruitful than my attempts at card counting. (Didn't help that I tried to mask my card counting by accepting all of the free drinks.) They may be coming around though. My partner scolded me for using my btc to purchase a small gold bar the other day.

In my case it was the following:

I talked about bitcoin and nobody believed and I started using my bitcoins in real life, I bought a lot of things thanks to the investments I made with bitcoin, it did not take long for people to start asking me, i told them again about bitcoin And they started to know and use bitcoin

People are only interested in something that benefits them

[Olivious]

In my case it was the following:

I talked about bitcoin and nobody believed and I started using my bitcoins in real life, I bought a lot of things thanks to the investments I made with bitcoin, it did not take long for people to start asking me, i told them again about bitcoin And they started to know and use bitcoin

People are only interested in something that benefits them

Actually they now believe because of the rapid rising of bitcoins value. But when its about $300 they never believe us that it can potentially go up 10 times.

[tagged]

[bones261]

My friends and family just roll their eyes and just figure it's an extension of my gambling problem. They are probably right. However, since I made my entry in late 2014/early 2015, this has been more fruitful than my attempts at card counting. (Didn't help that I tried to mask my card counting by accepting all of the free drinks.) They may be coming around though. My partner scolded me for using my btc to purchase a small gold bar the other day.

Hehe, it often happens that new adepts are more zealous than seasoned ones...

I only wish that I had been more zealous when I started dabbling in cryptocurrencies. If I had invested only a fraction of what I was willing to risk at blackjack over the years instead of chump change, I'd be looking at 6 or 7 figures of value rather than a paltry 4 figures. The saying, "rather be safe than sorry" just does not ring true right now for me. I've been safe and now I'm sorry.  

[Dotto]

Can someone repost that graph of 1.68 fibo at 3600 and 2.68 at plus 4k?. I can´t find it, I think I saw it here

[d_eddie]

My friends and family just roll their eyes and just figure it's an extension of my gambling problem. They are probably right. However, since I made my entry in late 2014/early 2015, this has been more fruitful than my attempts at card counting. (Didn't help that I tried to mask my card counting by accepting all of the free drinks.) They may be coming around though. My partner scolded me for using my btc to purchase a small gold bar the other day.

Hehe, it often happens that new adepts are more zealous than seasoned ones...

I only wish that I had been more zealous when I started dabbling in cryptocurrencies. If I had invested only a fraction of what I was willing to risk at blackjack over the years instead of chump change, I'd be looking at 6 or 7 figures of value rather than a paltry 4 figures. The saying, "rather be safe than sorry" just does not ring true right now for me. I've been safe and now I'm sorry.  

As a partial excuse for you, they do have a real life example/guide, while you didn't.

[fluidjax]

I only wish that I had been more zealous when I started dabbling in cryptocurrencies. If I had invested only a fraction of what I was willing to risk at blackjack over the years instead of chump change, I'd be looking at 6 or 7 figures of value rather than a paltry 4 figures. The saying, "rather be safe than sorry" just does not ring true right now for me. I've been safe and now I'm sorry.  

As its only the present that really matters, the choice for you is, do you have the balls to be more zealous now, or will you will risk  being sorry again in a few years.

[bones261]

My friends and family just roll their eyes and just figure it's an extension of my gambling problem. They are probably right. However, since I made my entry in late 2014/early 2015, this has been more fruitful than my attempts at card counting. (Didn't help that I tried to mask my card counting by accepting all of the free drinks.) They may be coming around though. My partner scolded me for using my btc to purchase a small gold bar the other day.

Hehe, it often happens that new adepts are more zealous than seasoned ones...

I only wish that I had been more zealous when I started dabbling in cryptocurrencies. If I had invested only a fraction of what I was willing to risk at blackjack over the years instead of chump change, I'd be looking at 6 or 7 figures of value rather than a paltry 4 figures. The saying, "rather be safe than sorry" just does not ring true right now for me. I've been safe and now I'm sorry.  

As a partial excuse for you, they do have a real life example/guide, while you didn't.

Yes, I first started paying attention to bitcoin around April 2014. I was mining for a BOINC project for charity. All I saw was a march downward in the price. Then I got caught up in the whole XPY scam. No wonder that I was so cautious. Then when the bull took over, I kept being skeptical, and held back, figuring the bear was just around the corner at every ATH. I'm still waiting for the bear to come. Thought it was happening last weekend.

As its only the present that really matters, the choice for you is, do you have the balls to be more zealous now, or will you will risk  being sorry again in a few years.

I just can't seem to shake my cautious and bearish attitude. Maybe it's because I'll be eligible to join AARP in 7 months.   We GenXers got to see so many bubbles burst.

[yermom]

In my case it was the following:

I talked about bitcoin and nobody believed and I started using my bitcoins in real life, I bought a lot of things thanks to the investments I made with bitcoin, it did not take long for people to start asking me, i told them again about bitcoin And they started to know and use bitcoin

People are only interested in something that benefits them

Actually they now believe because of the rapid rising of bitcoins value. But when its about $300 they never believe us that it can potentially go up 10 times.

It has/had more power rather than just money benefits. At least I'll be free while it lasts

[JimboToronto]

Good morning Bitcoinland.

Still bouncing up and down in the $2.6k-$2.9k range... currently $2790USD (Bitcoinaverage).

I guess we're kind of in limbo between BIP91 signalling going through and the actual crunch time on Aug, 1.
______

Only 2 more days before my cheque finally finishes being put on hold and I can make my first multiple coin purchase in months.

I really resent being forced to mostly miss out on the exceptional buying opportunity last week. Maybe I'll get lucky and we'll have one last panic dip before the end of the month.

[Ludwig Von]

Good morning Bitcoinland.

Still bouncing up and down in the $2.6k-$2.9k range... currently $2790USD (Bitcoinaverage).

I guess we're kind of in limbo between BIP91 signalling going through and the actual crunch time on Aug, 1.
______

Only 2 more days before my cheque finally finishes being put on hold and I can make my first multiple coin purchase in months.

I really resent being forced to mostly miss out on the exceptional buying opportunity last week. Maybe I'll get lucky and we'll have one last panic dip before the end of the month.

For the same reason as you, I would prefer the dip around August 5, can we find some compromise? 

[fichtn12345]

 I've also been approached recently but it's always about mining ETH.  I tried so often to introduce my friends to bitcoin that I'm no longer allowed to mention it.  If a newcomer arrives and asks about Bitcoin, everyone else at the table will groan or leave...sometimes both.  You can take a horse to water...

My friends and family just roll their eyes and just figure it's an extension of my gambling problem. They are probably right. However, since I made my entry in late 2014/early 2015, this has been more fruitful than my attempts at card counting. (Didn't help that I tried to mask my card counting by accepting all of the free drinks.) They may be coming around though. My partner scolded me for using my btc to purchase a small gold bar the other day.

In my case it was the following:

I talked about bitcoin and nobody believed and I started using my bitcoins in real life, I bought a lot of things thanks to the investments I made with bitcoin, it did not take long for people to start asking me, i told them again about bitcoin And they started to know and use bitcoin

People are only interested in something that benefits them

I've been taking about bitcoins for ages and it was literally the only thing I was really interested in, almost nobody listened only my bro and my dad probably because they felt sorry that I had nothing else to talk about. Right now every family reunion the only thing people are interested is in my bitcoin stories but I am too tired too explain it to them again after the first multiple times they didn't want to know. I think it really has something to do with benefits and they didn't see any that time, but right now the only thing they see is the quick buck and that bores the shit out of me. So anytime somebody asks me about bitcoins I tell them about bitcointalk and that they should figure it out themselves and after that they might ask me again. Just too tired of listening to all the "shoulda listened and bought as you told us" over and over again... Myfather and brother are pretty happy thou