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

[JayJuanGee]

The sell wall on Gemini at $4125 started at about 1k btc about 20 minutes ago, and it looks like it is getting eaten away slowly.  I feel like making a buy, just to contribute to the cause.  It is down to 448 BTC as I type, but even if I made a BIG purchase (for me), it would not make a big dent in the wall.


Edit:  Hahahahaha.. Finally I may have done a good thing for everyone, including myself.  I watched the wall, and it suddenly went down from 433BTC and down to 18BTC, and I made my pounce, especially since on my other screen, I could see that Stamp had about $100 premium with new ATH movement. My small contribution at the bargain price of $4125.  Now, I gotta figure out when to sell because that was outside of my regular practices?  Maybe sell little by little starting around $4250?  or is that too conservative?

[rjclarke2000]

The sell wall on Gemini at $4125 started at about 1k btc about 20 minutes ago, and it looks like it is getting eaten away slowly.  I feel like making a buy, just to contribute to the cause.  It is down to 448 BTC as I type, but even if I made a BIG purchase (for me), it would not make a big dent in the wall.

Come on JJG put your hand in your pocket and buy up a couple of hundred.

[hodl_2015]

It's time to aim high. $1 billion dollar bitcoins within 5 years. Book it.

If we get that high we'll have to come up with a fork to create micro-satoshi. That $10 a satoshi levels.

1 satoshi is also the minimum (sensible) transaction fee, but I'm not complaining at 1$B.

[Lauda]

I called it just a few hours ago.

Sheeit. Smell a correction comin'

Not yet.

If by "correction comin'" BobLawblaw meant a new ATH is coming, then he may have been right.

[JayJuanGee]

The sell wall on Gemini at $4125 started at about 1k btc about 20 minutes ago, and it looks like it is getting eaten away slowly.  I feel like making a buy, just to contribute to the cause.  It is down to 448 BTC as I type, but even if I made a BIG purchase (for me), it would not make a big dent in the wall.

Come on JJG put your hand in your pocket and buy up a couple of hundred.

Even with all this BTC price appreciation that some of us longer time HODLers have experienced (16x in 21 months) - we remain really minnows in this pond of whales - so I did attempt to contribute my small minnow part to the cause, and possibly several of us minnows can add up to making a difference from time to time, and make a little profits along the way, perhaps?

[soullyG]

Another update from BTC-e (google translated):

https://forum.bits.media/index.php?/topic/44942-update6-14082017/

Update6! 08/14/2012
 
We have read feedback about our proposal to exit the situation and we decided to revise this decision in favor of community opinions.
 
We believe that this way out of the situation is more fair for holders of crypto-currency and fiat funds:
 
For each currency, a recalculation will be made taking into account the currently available assets. Currently 55% of funds are available, so 55% will remain in currency, and 45% will be converted to a specific currency token.
For tokens of all currencies, free trading on a separate page will be opened. You can trade them at any price, but no more than their face value. We pledge to redeem all the tokens. You can also sell your tokens to other users and get a currency, or wait and exchange tokens at face value.
 
For example, you had 1 BTC. You will receive 0.55 BTC and 0.45 BTCT. 0.55 BTC you can output immediately. The remaining 0.45 BTCT you can either exchange for BTC at the market rate, or wait for their exchange at face value.
 
P.S. A warning! The cases of posting fake links on allegedly our new domain have become more frequent. All official information about our service is placed only in our twitter and from our official account on the forum.
 
Sincerely, BTC-e team

[empowering]

BCH update

There have been 693 blocks mined since the hard fork.

(1235 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty.


The original chain has grown 1.63GB more than the Bitcoin Cash blockchain.


It is currently 73% more profitable to mine on the original chain.



Current price = $300

[ShroomsKit_Disgrace]

Is MtGox already solvent or not?! 

[yefi]

Market cap of all crypto: $139B
Market cap of Mastercard: $137B

There are some things money can't buy. For everything else, there's crypto.

[empowering]

Market cap of all crypto: $139B
Market cap of Mastercard: $137B

There are some things money can't buy. For everything else, there's crypto.

Priceless

[blockinoutthehaters]

Damn it feels good to be a hodler.

[JayJuanGee]

Is MtGox already solvent or not?! 

They became solvent at around $2k, yet I think that they are still sorting through legal matters and who gets what.

[machasm]

Market cap of all crypto: $139B
Market cap of Mastercard: $137B

There are some things money can't buy. For everything else, there's crypto.

Priceless

Helping you find profits in new places.

[El duderino_]

Just another time to HODL on and sleep

[Last of the V8s]

Market cap of all crypto: $139B
Market cap of Mastercard: $137B

There are some things money can't buy. For everything else, there's crypto.

Priceless

Helping you find profits in new places.

@udiWertheimer The real #flippening is almost here!

$BTC marketcap: $69B USD
$PYPL marketcap: $70B USD

[AlexGR]

You seem to be asserting, in part, that bitcoin's value could be somewhere in the gold parity (john mcafee eat my dick) territory, and I think that there is some truth in that, and even with ongoing decent exponential adoption, if someone is actually good for his word, we are likely going to witness some dick eating because another 100x in 3 years, just seems way too astronomical - even though it could be more reasonably achievable in a longer period of time, maybe 10-ish years, possibly?

It is difficult to determine for sure in terms of how fast prices could rise, but there are likely to be continued bitcoin sabotage attempts in the coming years, and also manipulations to trick people out of their coins, and surely some kinds of greater developments of user-friendliness need to evolve in order for bitcoin to really achieve gold parity price territory, no?

I think Bitcoin is short-to-mid-term good for maybe 5-10% of Gold's marketcap - not marketcap parity.

10%-gold-marketcap-levels would put it around Apple stock territory (~800bn).

Mcafee is probably exaggerating but he can always say "ok maybe we didn't get from 2k to XXXk but hey, it beat most stocks and other investments by far...

One of the reasons that I don't see gold parity (btc reaching ~8 trillion marketcap) is that the fiat supply is too low. You need to dump tremendous amount of fiat into bitcoin to reach these kind of levels. We'd need some kind of inflationary boom, in multiple large countries simultaneously, sustained for a few years.

[Last of the V8s]

https://medium.com/@morcos/no2x-full-nodes-889c20100a8d

https://medium.com/@SDWouters/why-schnorr-signatures-will-help-solve-2-of-bitcoins-biggest-problems-today-9b7718e7861c

and

https://twitter.com/desantis/status/897066160969183232 - fun thread
@desantis 36m36 minutes ago you are a strange loop

no, you

[Torque]

Just did a quick calculation today.

I calculate that I'd have to work full time for 14.5 years to earn, after taxes, what I've gained with bitcoin in just 4 years.

And this shit is just getting started IMO.

[JayJuanGee]

Just did a quick calculation today.

I calculate that I'd have to work full time for 14.5 years to earn, after taxes, what I've gained with bitcoin in just 4 years.

And this shit is just getting started IMO.

Oh Great!!!!!

The temper tantrum throwing party pooper has cheered up a bit to become a bit more bullish, after his little bearish tirade in the mid $2000s.  


Funny what a little profits calculating will accomplish.

 

[Torque]

I'm not too proud to admit I got that wrong.  

Although we could top at any time. Just saying. Though it looks like we have more bull run to go.

Either way it goes, I win so I don't care.  80% in bitcoin, 20% hedged. Win win.