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

[gembitz]

Another day, another ATH. Yawn.
By the end of month we'll be beyond $5K.

$5000 will be the new floor~ mainstream adoption inkominggg

[Bitcoinaire]

The slow grind up to ATH's is nice and nothing like 2013 with the dizzying highs/lows. Things are just getting started.

[bitserve]

The slow grind up to ATH's is nice and nothing like 2013 with the dizzying highs/lows. Things are just getting started.

I don't remember any time where the ATH wasn't just a violent spike followed by another violent dump. Here we are having just a stable continuous rise of a few percent points per day.

Sounds like healthy growth to me, more so considering the fundamental improvements.... there will be dips for sure... but when will be next?

Also, August has never been a particularly good month for price increase, on the contrary.

Plus I am sure there have been many people profit taking along all this rise... Wonder if they will try to get back at some time in the future.

[Ludwig Von]

The slow grind up to ATH's is nice and nothing like 2013 with the dizzying highs/lows. Things are just getting started.

Yes, ok, but with some nice ups and downs anyway, makes it more exiting... .

[Globb0]

Bullish? Congrats on the new ATH.

What even is Cryo storage? a paper wallet kept in the freezer?

[Torque]

Bullish? Congrats on the new ATH.

What even is Cryo storage? a paper wallet kept in the freezer?

Yeah but have you seen Gemini's cryo storage? It's so high tech. They chill the bitcoin down to 0 Kelvin to keep the coins nice and fresh for the future.

[fichtn12345]

Bullish? Congrats on the new ATH.

What even is Cryo storage? a paper wallet kept in the freezer?

Yeah but have you seen Gemini's cryo storage? It's so high tech. They chill the bitcoin down to 0 Kelvin to keep the coins nice and fresh for the future.

Confirmed.

[machasm]

It would make sense to me that over an extended period of time those people who had large amounts of BTC would have sold along the way at certain intervals to suit their needs.
This means that eventually the amount of BTC that any one person holds will be less which in turn means that dumping would not be as viscious since more people would have to sell in order to affect the books in a big way.
This in turns makes BTC less volatile which also makes it more attractive to hodlers since confidence in the coin will increase as a store of value.
That doesn't mean that there still aren't some big players out there but eventually the swings should iron out. Well at least that is the way I see it, but hey, what do I know.
Loving the new ATH.

[Dotto]

Why I am "complaining"? Because I think that when all those arguments about Bitcoin used by criminals are completely erradicated there will be less bumps in the road to moon.

We just need to see how price reacts EVERY SINGLE TIME a dark market, shaddy exchange, etc gets closed.

Another thought. My conspiracy brain is always on. I'm not so sure that these ransomware attacks asking for bitcoin, are truly initiated by "bad guys".

How do we know they aren't being initiated by the Feds, deep statists, or whoever in order to continue their smear campaign against Bitcoin?

How would we in the public know otherwise?

How do we know that BTC-e wasn't framed?

Bingo. A hacker group with two neurons wouldn´t use bitcoin. This has the CIA/NSA whatever firm in every aspect. In fact they were the very creators of the worm, that somehow got "hacked" and released by a cyberterrorist group. How convenient.

[Last of the V8s]

http://nob2x.org/
list of nobodies entities anti segwit2x

[Torque]

Another thought. My conspiracy brain is always on. I'm not so sure that these ransomware attacks asking for bitcoin, are truly initiated by "bad guys".

How do we know they aren't being initiated by the Feds, deep statists, or whoever in order to continue their smear campaign against Bitcoin?

How would we in the public know otherwise?

How do we know that BTC-e wasn't framed?

Bingo. A hacker group with two neurons wouldn´t use bitcoin. This has the CIA/NSA whatever firm in every aspect. In fact they were the very creators of the worm, that somehow got "hacked" and released by a cyberterrorist group. How convenient.

Exactly. This seems like the deep state perpetrator's playbook to me:

1. Decide that BTC-e needs to go because they can't control it or regulate it

2. Release ransomware to the UK (perhaps giving their corp insiders the heads up) demanding bitcoin

3. Collect the tiny btc ransom (which may also have been initiated by the perpetrators themselves) and deliberately run it through BTC-e's exchange servers

4. Plant supposedly independent white hat hacker with the "fix" to stop ransomware

5. Frame BTC-e, move in on and arrest Alexander, take down BTC-e

6. Win?

[Last of the V8s]

^ they later arrested no 4 chappie

[jojo69]

^ they later arrested no 4 chappie

well, you don't want him talking now do you?

[Syke]

But.... There are regulated exchanges that do have Monero, ie: KRAKEN.

But wouldn't Kraken require identity verification, thus nullifying Monero's anonymity benefits?

[Last of the V8s]

http://n8prp.org.uk/wp-content/uploads/2017/08/N8-Cryptocurrency-Report.pdf sorry for pdf
British plod way behind eg Dutch plod. 'Can't we just confiscate the dirty bitscoins?'

[jojo69]

But.... There are regulated exchanges that do have Monero, ie: KRAKEN.

But wouldn't Kraken require identity verification, thus nullifying Monero's anonymity benefits?

the VICTIM gets a Kraken account, not the thief

[Syke]

the VICTIM gets a Kraken account, not the thief

Oh, yeah, lol.

[mastrox92]

3,500.00 pause
3,500.00 stop
3,500.00 rewind ?

[infofront]

Here's a translated update from Masterluc from 8/5:

"3157. This is a new historical high. Obviously, it does not want a triangle) Although you can estimate the wedge, but it's already very large in time. If the wedge, then around 3500 the price will reverse on the third wave back to 2600.

I'll leave the wedge here just in case (pic.1), although I can not believe in it.

What is there for us in the general picture ... The price is clearly storming the second red trend logarithmic line. Line wait somewhere at 3500 is just growing. Let's see how the level of 3500 reacts. Maybe it really will break through with its wedge. (Fig. 2)

In general, we must look at what will be at 3,500."


He has us going to ~$100,000 if we break up out of the wedge.

Fig. 1:


Fig. 2:

https://vk.com/bitcoin_vanga

[AlexGR]

BTC scarcity getting appreciated 

https://www.reddit.com/r/Bitcoin/comments/6swgsf/nearly_impossible_now_to_reach_one_btc

...
I spend each month on buying btc but the price goes up and i never get closer to owning one btc
The value i hold does go up and has been going up so i am not complaining but the arbitrary amount of one btc seems like it is getting further away. Owning a full coin is already out of reach for so many people less fortunate than myself
...

No kidding... Not even millionaires can own 1 bitcoin: There are 33 million millionaires on the planet, so if they all wanted bitcoins, they'd have to settle for 0.5btc each... and that's without factoring whales, lost coins, institutional investors, etc etc