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

[quetschiquetsch]

Who sold at the bottom?

I'm not sure if this already was the bottom.
We could also see a second wave and drop to 3500 for a short while.
The newbies who joined this space just a few days ago and bought Bitcoin without knowing what it is and how it behaves learn their first hard lesson now. For us oldies here it's no big deal anymore. Let it drop, layer in if you have some money on the sideline and wait for the honeybadger to bounce and move up higher again.

I would love the see another dip, but unfortunately I don't think so. Today was a good chance, tomorrow fresh money will come to the exchanges and price is rising already...
If somebody isn´t sure whether to sell or not, please give me a dip. I´ve read "BitCoin is dead" anywhere, this should be enough of an argument, wright?

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[Arriemoller]

This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow  
This would be a nice dip to buy...

No public holiday in Sweden, what holiday are you talking about?

[jojo69]

some pope something

[deepcolderwallet]

Is this that ackward moment in which people that were praying for a dip a few hours ago are now too scared to rebuy?

BIP 141 (Segregated Witness) activation is scheduled to take place in: 1175 Blocks (8.15 days)

Hi bitserve,

Do you think the price will go up after activation in just over a week? I mean surely it's priced in as it's a guarantee now. Seems strange it going up at that moment when everyone knows about it.

Also I know btc is it's own beast but didn't litecoin drop after activation and then increase in price later?

Love to know everyone's thoughts here.

The only reference I can use is Litecoin. It kept pumping until just after activation. Then a mild drop that took some days(?)  to recover.

At the moment, Bitcoin is doing exactly the same. So it should keep rising until activation. I wouldn't be surprised if it breaks 5K during last days/hours before activation.

Of course, both are not the same. Litecoin didn't need Segwit as much as Bitcoin does, because it had no capacity problem... but Segwit is much more than that though.

There have been some interesting advances in Segwit wallets and even in Lighting Network. I think it will be those advances what will propel Bitcoin to new heights, but not sure if it will be right after activation or a few months later.

Also, Segwit "capacity increase" will become more noticeable as soon as more people and services start using segwit tx's, something that will come gradually over the next few months.

In conclusion, I don't fucking know.... But I think the scenario is very bullish and that, even if it dips now, it should keep rising later.

Right here I'd like bitserve, rjclarke2000, Elwar, Torque, lightfoot, infofront, JimboToronto and Searing's opinion.

Interesting times are coming. Segwit is about to activate. We already know Litecoin's behavior. But things are different right now. Another fork is about to happen. And this is not like the previous, when the honey badger just ignored the altcash for our cheers. About 8 days from here we may see Bitcoin's price submerge and another alt rise with (maybe) half BTC's value.

In my opinion it would be similar to March's Winklevoss ETF. There happened a rush from $800+ to $1200+ in a few minutes, then... BOOM! Two months to recover to another (very celebrated) ATH.

Not that I care about it, I learned my lesson from afrocoin's irresponsibility. I'm a Matrix hodlr since then.
I'm asking only because I'd like to have some help to predict a window where I could buy some cheap coins.

Thank you for you attention.

[Periodik]

Bitcoin correction right now. I hope we can stand still and firm at 3800 level. September is another drama period for bitcoin so it will be another drop before a huge rally. I am really feeling that those above the clouds prediction before at 10,000 this 2017 is happening.

[quetschiquetsch]

This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow  
This would be a nice dip to buy...

No public holiday in Sweden, what holiday are you talking about?

Already mentioned that a little later. To correct myself: In the important parts of Europe is public holiday today   (just joking)

[quetschiquetsch]

About 8 days from here we may see Bitcoin's price submerge and another alt rise with (maybe) half BTC's value.

Please explain that...

[soullyG]

Well, it didn't hold. Seems to have bottomed out at exactly 3800 which is quite odd, but I'll take it. Hopefully it stays above $4xxx this time around.

It makes sense, the drop on the 13th already tested that region for support. Fingers crossed it stays firm..

That picture is awesome and a perfect depiction of what was going on at the time.

I thought it rather apt also, unfortunately I found it on Google so can't take credit for the amazing drawing skills

[Arriemoller]

So I think I'm feeling ready to make the move to accept bitcoin as an advertised method of payment in my jewelry business. I've been toying with the idea and suggesting it to customers for awhile now for the reaction.  In July, about 70% had heard of it, 1% had some but wouldn't use it, and around 30% who had heard of it said "not for me".  This week I noticed a much broader interest in bitcoin from my customers which turned into short conversations and several eavesdroppers approached me later to ask more about it.

My customers are largely middle and upper middle class.
I have a 17 day show starting this week and I've already printed the sign. BTCitcoin Accepted Here!

I've wanted to do the same thing. I own an electrical business but hardly anyone knows what bitcoin is where I live.

Well done to you.

I have had that sign on my online store since 2013, not one single person have yet paid with bitcoin. But I keep it there anyway for PR purpuses.

[deepcolderwallet]

So I think I'm feeling ready to make the move to accept bitcoin as an advertised method of payment in my jewelry business. I've been toying with the idea and suggesting it to customers for awhile now for the reaction.  In July, about 70% had heard of it, 1% had some but wouldn't use it, and around 30% who had heard of it said "not for me".  This week I noticed a much broader interest in bitcoin from my customers which turned into short conversations and several eavesdroppers approached me later to ask more about it.

My customers are largely middle and upper middle class.
I have a 17 day show starting this week and I've already printed the sign. BTCitcoin Accepted Here!

Yo da real MVP!

[Arriemoller]

This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow  
This would be a nice dip to buy...

No public holiday in Sweden, what holiday are you talking about?

Already mentioned that a little later. To correct myself: In the important parts of Europe is public holiday today   (just joking)

Don't know about the "important" part, but you catholics do have a lot more holidays than we do, Luther did away with way too many saints. But still, what holiday is it?

[Ludwig Von]

This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow  
This would be a nice dip to buy...

No public holiday in Sweden, what holiday are you talking about?

Already mentioned that a little later. To correct myself: In the important parts of Europe is public holiday today   (just joking)

Don't know about the "important" part, but you catholics do have a lot more holidays than we do, Luther did away with way too many saints. But still, what holiday is it?

Ascension of Mary

[BTCtrader71]

Is this that ackward moment in which people that were praying for a dip a few hours ago are now too scared to rebuy?

BIP 141 (Segregated Witness) activation is scheduled to take place in: 1175 Blocks (8.15 days)

Hi bitserve,

Do you think the price will go up after activation in just over a week? I mean surely it's priced in as it's a guarantee now. Seems strange it going up at that moment when everyone knows about it.

Also I know btc is it's own beast but didn't litecoin drop after activation and then increase in price later?

Love to know everyone's thoughts here.

The only reference I can use is Litecoin. It kept pumping until just after activation. Then a mild drop that took some days(?)  to recover.

At the moment, Bitcoin is doing exactly the same. So it should keep rising until activation. I wouldn't be surprised if it breaks 5K during last days/hours before activation.

Of course, both are not the same. Litecoin didn't need Segwit as much as Bitcoin does, because it had no capacity problem... but Segwit is much more than that though.

There have been some interesting advances in Segwit wallets and even in Lighting Network. I think it will be those advances what will propel Bitcoin to new heights, but not sure if it will be right after activation or a few months later.

Also, Segwit "capacity increase" will become more noticeable as soon as more people and services start using segwit tx's, something that will come gradually over the next few months.

In conclusion, I don't fucking know.... But I think the scenario is very bullish and that, even if it dips now, it should keep rising later.

Right here I'd like bitserve, rjclarke2000, Elwar, Torque, lightfoot, infofront, JimboToronto and Searing's opinion.

Interesting times are coming. Segwit is about to activate. We already know Litecoin's behavior. But things are different right now. Another fork is about to happen. And this is not like the previous, when the honey badger just ignored the altcash for our cheers. About 8 days from here we may see Bitcoin's price submerge and another alt rise with (maybe) half BTC's value.

In my opinion it would be similar to March's Winklevoss ETF. There happened a rush from $800+ to $1200+ in a few minutes, then... BOOM! Two months to recover to another (very celebrated) ATH.

Not that I care about it, I learned my lesson from afrocoin's irresponsibility. I'm a Matrix hodlr since then.
I'm asking only because I'd like to have some help to predict a window where I could buy some cheap coins.

Thank you for you attention.

I know you didn't ask for my opinion, but I figured I'd toss in my thoughts anyway ...

I wouldn't draw too many parallels between price action around segwit activation for litecoin vs bitcoin. There's a tiny but nevertheless worrisome chance -- especially worrisome to new investors -- that SegWit activitation in 8 days will trigger some unexpected software bug and cause some sort of technical disaster. So when SegWit activates and the first SW transaction propagates without mishap, that could be a little bullish. So same effect as bip141 lock-in, although maybe not as pronounced. Up until a few weeks ago, investors have been viewing litecoin as a hedge against the possibility of unending deadlock on the scaling debate. SW lockin and activation was less of a concern for litecoin than for bitcoin, relatively speaking (relative to the other forces driving litecoin price).

For context, I'm viewing this under the assumption that the current uptrend is fueled by institutional investors who are just now getting comfortable with bitcoin investing. So I try to interpret events from what I imagine their perspective to be.

[fabiorem]

It seems I lost a small dip on $3800. Very fast train this one.

Will refuel my rocket anyway.

[Arriemoller]

This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow  
This would be a nice dip to buy...

No public holiday in Sweden, what holiday are you talking about?

Already mentioned that a little later. To correct myself: In the important parts of Europe is public holiday today   (just joking)

Don't know about the "important" part, but you catholics do have a lot more holidays than we do, Luther did away with way too many saints. But still, what holiday is it?

Ascension of Mary

Thanks.

[HanvanBitcoin]

Well i guess it wont be going much lower. Just  bought the dip  

BTCest dicision i made today   hahaha (Bought at $3895)

[Icygreen]

Is bitstamp bugging out for anyone else? Tradeview is hanging for me. West coast N.America

EDIT: working again. Their servers must be under a big load.

[Torque]

https://mises.org/blog/why-cryptocurrencies-will-never-be-safe-havens

So, a goldbug on a pro-PM website writes a blog about why Bitcoin will never be a safe haven asset like PMs.

Wait scratch that, he never implied that Bitcoin won't. He said "Bitcoin and other cryptocurrencies" won't.

Wait scratch that, not only did he use the term cryptocurrencies plurally and as a whole, he included ICO tokens as further justification.

So let much just set the record straight for these ignorant and misinformed people:

No you're correct, "cryptocurrencies" LIKE Bitcoin (altcoins, etc.) or ICO tokens as a whole will NEVER be safe haven assets.

But Bitcoin specifically WILL be.

[Last of the V8s]

[jojo69]

snip

http://stuffin.space/