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

[Meuh6879]

People that's don't buy gold, silver ... or bitcoins have home.
It's very simple.

People that they have Gold or Silver (since 2000) Or bitcoins (since 2014) ... can buy home now or in the 3 years.
Simple, too.





Bitcoin, it's in years.
Gold, it's in decades.

[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.

23/07 already taken by: Bitcoinaire

If we break ATH on 23rd of july, somebody gonna have to pay me

[Ludwig Von]

I got interested in BTC 2012-2013. By some tech friends. Then came the Mt Gox disaster and that scared me so much, a few bad guys being capable of causing that kind of amok wow. So I went all into gold.
Early this year only I returned a bit into Bits. Now I would like to reduce gold and increase BTC.

[ether19]

I got interested in BTC 2012-2013. By some tech friends. Then came the Mt Gox disaster and that scared me so much, a few bad guys being capable of causing that kind of amok wow. So I went all into gold.
Early this year only I returned a bit into Bits. Now I would like to reduce gold and increase BTC.

Glad that you decided to increase your bitcoin stash! This seems like a good time to do it as bitcoin corrected well and now it seems like the bulls are back again. Hold and enjoy the ride. $4000 and more is on the map.

[Last of the V8s]

If you bought close to the weekly 20 MA good for you! If the ATH is taken out here are some targets to take some profits at. The 1.618 Fibonacci extension is often more accurate than the 2.618.

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

If I had any friends I would tell them about bitcoin for sure.

[kurious]

 @ microgoosens:

so AGAIN a proposal

the person closest by new ATH guess to recieve 0.25 BTC  paid direct

come start shooting

12th December.  Hope it's a lot sooner, but August seems too good to be true.

Been away and I note you ask for 'reasons' justifying the choice in your recent posts, microgoosens! So:

I just felt after years of waiting, all this sorting out in a few days was not possible.  I figured at least three months before the fork issue was finally sorted and that the Segwit lockin was already going to be priced in before August 1st, but not by quite breaking ATH. That, coupled with looking back at 2013 made me think the likely new ATH would be late and only be realised in the Christmas run-up.   

[kurious]

If you bought close to the weekly 20 MA good for you! If the ATH is taken out here are some targets to take some profits at. The 1.618 Fibonacci extension is often more accurate than the 2.618.

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

If I had any friends I would tell them about bitcoin for sure.

Don't worry, soon - if Bitcoin moons, you will be able to buy some!

[BlindMayorBitcorn]

Been busy. Who won the auction for the girl?

[r0ach]

gold & silver are cumbersome at best, and subject to outright confiscation at worst.

Most illogical statement I've ever seen.  Nobody actually "owns" bitcoins.  If you have the private key, the so called "coins" don't actually leave the blockchain into your possession.  The blockchain is like a virtual loaf of bread you make believe you own a piece of, but since you never actually take possession of anything, it's always loaded to the hilt with counter party risk and built-in middle men you can't rid yourself of.  Metals remove counter party risk and middle men, bitcoin doesn't remove either one.  These attributes make bitcoin useless as a settlement layer.

[Last of the V8s]

Been busy. Who won the auction for the girl?

The one on the left.

Also https://twitter.com/Excellion/status/888765063003217920
For "Bitcoin ABC" (the "UAHF" fork) to function, all #Bitcoin txs have to spam OP_RETURN codes that would make tx fees 26.5% more expensive.

and https://twitter.com/lightcoin/status/888807494327422976
Obvious spambots are stalking prominent bitcoiners with sketchy-looking links. Stay vigilant - report, mute, and don't click the links!

[Dotto]

It was to illustrate a friend that has just become bitcoiner 2 weeks ago and it´s totally addicted to the cause. Thanks, V8

If you bought close to the weekly 20 MA good for you! If the ATH is taken out here are some targets to take some profits at. The 1.618 Fibonacci extension is often more accurate than the 2.618.

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

If I had any friends I would tell them about bitcoin for sure.

[BlindMayorBitcorn]

I don't know what Japan is doing here. But I think I like it.

A new TV show, soon to hit Japanese TV, is aiming to introduce the idea of digital currency and blockchain technology to the public with the help of Japanese cute girl “idols.”

Then there's Russia...


And China.


Marketing 101

[Torque]

Metals remove counter party risk and middle men

Only when it is sitting still, like deep in the ground. Or in your closet. Otherwise, no it doesn't.

[r0ach]

Metals remove counter party risk and middle men

Only when it is sitting still, like deep in the ground. Or in your closet. Otherwise, no it doesn't.

More made up bullshit.  You're not required to ever place metals into 3rd party custody.  It's not possible to "take possesision" of bitcoin because the coins never leave the blockchain in the first place.  You are always exposed to rent seeking middlemen (transaction validators) and counter party risk in bitcoin.  This is why bitcoin is 100% useless as a settlement layer. Maybe you can use craptocurrency as a Paypal-style payment processor, aka a currency, but it's useless as a settlement layer aka money (the base of Exter's pyramid).

Here's an 1800 year old silver Roman denarius.  Where will bitcoin be in 1800 years?  It will be dead as a doornail long before then.  It's useless as a settlemenet layer and unable to do  things like reliably transfer generational wealth:

[Torque]

Metals remove counter party risk and middle men

Only when it is sitting still, like deep in the ground. Or in your closet. Otherwise, no it doesn't.

More made up bullshit.  You're not required to ever place metals into 3rd party custody.  It's not possible to "take possesision" of bitcoin because the coins never leave the blockchain in the first place.  You are always exposed to rent seeking middlemen (transaction validators) and counter party risk in bitcoin.  This is why bitcoin is 100% useless as a settlement layer. Maybe you can use craptocurrency as a Paypal-style payment processor, aka a currency, but it's useless as a settlement layer aka money (the base of Exter's pyramid).

Any time a large amount of metals move for payment/settlement and an entity takes possession of said metals, transaction fees in the form of security, transportation, validation, and storage are required. There are middlemen that require and extract fees whether you like it or not.

I'm talking about large scale commerce at a global scale, not the person-to-person piddly crap scenario that you must have stuck in your head where you give a bubba neighbor a silver eagle in return for a bag of grain.

Again, stop with insulting people's intelligence. You're only making yourself look more stupid.

[r0ach]

Any time a large amount of metals move for payment and an entity takes possession of said metals, transaction fees in the form of security, transportation, and storage are required.

Completely irrelevant and orthogonal argument.  For all you crackhead bitcoiners who are trying to buy kilos of whatever substance you are smoking, anytime you are transferring large amounts of fiat paper, metals, or bitcoin and receiving real world goods for them, you would need security on both sides to make sure the other side doesn't try to stiff them.  So called Buttalik Butterin dumb contracts don't alleviate this problem if you're transacting in real world goods.

[Dafar]

Gold + Silver = Dumb money

Bitcoin = Smart money


It's as simple as that. Let's see which one outperforms in 3 years... I know where I'm putting my money, such a tough choice   

[quetschiquetsch]

Any time a large amount of metals move for payment and an entity takes possession of said metals, transaction fees in the form of security, transportation, and storage are required.

Completely irrelevent and orthogonal argument.  For all you crackhead bitcoiners who are trying to buy kilos of whatever substance you are smoking, anytime you are transferring large amounts of fiat paper, metals, or bitcoin and receiving real world goods for them, you would need security on both sides to make sure the other side doesn't try to stiff them.

Well, correct me if I´am wrong, but this is a counter argument against your own argument made some posts before, right?

[jbreher]

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

I've put gas in one of my cars more than a year ago, as it's a project (1989 BMW 320i coupe) waiting for spare cash to burn, I've started it the other day (using cables) and it ran fine, so the gas must still be OK.

Don't properly care for your tools, they'll eventually let you down. Sometimes, when your life depends upon their proper functioning.

[Ludwig Von]

Metals remove counter party risk and middle men

Only when it is sitting still, like deep in the ground. Or in your closet. Otherwise, no it doesn't.

More made up bullshit.  You're not required to ever place metals into 3rd party custody.  It's not possible to "take possesision" of bitcoin because the coins never leave the blockchain in the first place.  You are always exposed to rent seeking middlemen (transaction validators) and counter party risk in bitcoin.  This is why bitcoin is 100% useless as a settlement layer. Maybe you can use craptocurrency as a Paypal-style payment processor, aka a currency, but it's useless as a settlement layer aka money (the base of Exter's pyramid).

Here's an 1800 year old silver Roman denarius.  Where will bitcoin be in 1800 years?  It will be dead as a doornail long before then.  It's useless as a settlemenet layer and unable to do  things like reliably transfer generational wealth:

Of course, on a long enough timeline... . We will all be dead first... .  But I follow you in a certain way. Keep PM, BTC, Cash and tools as an asset.