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

[marcus_of_augustus]

Hm. I wonder if this can help the issue of providing a stable blockchain for the Martian colonies. I want to be sure I can withdraw Bitcoin at any Mars ATMs.

No. But you could probably get a working blockchain to da moon! 

[suzanne5223]

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.

Yes, the SegWit will trigger some unexpected software bug but the SegWit will be finally activated in 14days not 8days.  The price of bitcoin is sightly pumping up though.

[deepcolderwallet]

Who is that V8??

@ToneVays and Julia something i forget @BraveTheWorld

She's hot!

Steady, she's practically a child still.

She has a youtube channel eg: https://www.youtube.com/watch?v=OEJCgf5Wz00
The Declaration of Bitcoin Bloopers

Ooops...
Looks pretty older.

[conspirosphere.tk]

The Fed could give investors a hint about its stance on monetary policy tightening when the minutes of its July meeting are published on Wednesday.

The cryptonerds already won:

ROGOFF: The world's central banks should get ready for negative rates in the next recession http://read.bi/2w5lraD

Next targets 15K and then 40-110K in 2019:
https://www.tradingview.com/u/PentarhUdi/

[deepcolderwallet]

And the price dip after the Winklevoss ETF denial was much more brief and more shallow than most ppl expected (unless I misremember), so yeah I suppose it would count.

I bought the top. $1200 by that time. Was one of my first big moves in Bitcoin. Had to wait 2 months to believe in it again. An eternity for someone who came from ForEx.

So could this be the same thing leading up to Aug 21? Yeah, I suppose it could. Although it doesn't seem to me that Aug 21 will be as big an event from a trading perspective as bip141 lock-in. The former is guaranteed (now), the latter was not until shortly before it happened.

It's not much revealing. BIP141 lock-in means nothing if a big mess occurs around 8 days from here and the real Bitcoin supported by Core gets the lesser share of hashrate.

[Last of the V8s]

wait when is the next difficulty adjustment for bitcoin cash?
few days before ours isn't it?

[deepcolderwallet]

She's hot!

She has a youtube channel eg: https://www.youtube.com/watch?v=OEJCgf5Wz00

And here (3min33s) : https://www.youtube.com/watch?v=yQGQXy0RIIo (Ulterior States.)










I prefer ... Elizabeth Starks.

Ugh..
Meuh... You know that since your failed Monarchy-Thread experiment I'm not really a fan of you. But sincerely... Lady Starks is an ugly beast compared to the hot teenager V8 introduced me (virtually).

[Last of the V8s]

Ugh..
Meuh... You know that since your failed Monarchy-Thread experiment I'm not really a fan of you. But sincerely... Lady Starks is an ugly beast compared to the hot teenager V8 introduced me (virtually).

ah leave him alone everything worked out in the end.

also on closer inspection i think i confused her with some other kid. she seems quite er old enough. my mistake. carry on...

[deepcolderwallet]

Ugh..
Meuh... You know that since your failed Monarchy-Thread experiment I'm not really a fan of you. But sincerely... Lady Starks is an ugly beast compared to the hot teenager V8 introduced me (virtually).

ah leave him alone everything worked out in the end.

also on closer inspection i think i confused her with some other kid. carry on...

You mean...
It's not a crime to say she's hot???

Best news today!!!

Even better than BTC price over $4k+!!!

[empowering]

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.

Yes, the SegWit will trigger some unexpected software bug but the SegWit will be finally activated in 14days not 8days.  The price of bitcoin is sightly pumping up though.

Is there something that LTC /Charlie Lee has missed ?

[BTCtrader71]

And the price dip after the Winklevoss ETF denial was much more brief and more shallow than most ppl expected (unless I misremember), so yeah I suppose it would count.

I bought the top. $1200 by that time. Was one of my first big moves in Bitcoin. Had to wait 2 months to believe in it again. An eternity for someone who came from ForEx.

So could this be the same thing leading up to Aug 21? Yeah, I suppose it could. Although it doesn't seem to me that Aug 21 will be as big an event from a trading perspective as bip141 lock-in. The former is guaranteed (now), the latter was not until shortly before it happened.

It's not much revealing. BIP141 lock-in means nothing if a big mess occurs around 8 days from here and the real Bitcoin supported by Core gets the lesser share of hashrate.

What big mess are you talking about? SW has been thoroughly tested, unlikely to cause problems.

I suppose you're referring to the fact that bitcoin core 0.15.0 will be disconnecting nodes which run segwit2x but I can't find when that's supposed to happen ...

[Last of the V8s]

[jojo69]

did somebody order up a cup and handle?

[Meuh6879]

But sincerely... Lady Starks is an ugly beast compared to the hot teenager V8 introduced me (virtually).

Are you sure ? http://www.flickriver.com/photos/joi/tags/elizabethstark/ (last chance ... ).
















Back to the roof ...

[Last of the V8s]

I suppose you're referring to the fact that bitcoin core 0.15.0 will be disconnecting nodes which run segwit2x but I can't find when that's supposed to happen ...

2x is supposed to be 3 months after segwit activation ... if it goes ahead. idk when 0.15 comes out - presumably before then

nearer term, there may be a bit of fud when bitcoin cash revises it's difficulty dramatically downward in a few days (needs fact-checking!), a couple of days before bitcoin's next adjustment.

[deepcolderwallet]

Is there something that LTC /Charlie Lee has missed ?

Exactly.
Congrats for you memory accuracy. I remember after a few days (maybe weeks) after SegWit activation on LTC the price dropped to 10+ mBTC. That's when I bought some and made huge profit selling for 20+mBTC. But the price only skyrocketed to 20+mBTC when Charlie Lee announced resignation from Coinbase to actively get back to LTC project.
Many posted here it was an event not related, although I believe that was the trigger to rise LTC price to double.

Flo has a total market cap of 14 million.  BTC trades every day 1.4 billion, so how is it having that effect.

My thought on litecoin rising was its benefitted as the general idea of segwit is in the news as valid proposal for bitcoin.   It kinda lends authority to litecoin that its already got it working and litecoin is even cited in the reasoning of some pools for proceeding with the larger market.
I see the volume traded for Litecoin in value exceeds bitcoin, at least today

Actually IMO it's about Charlie Lee resign from Coinbase to focus on Litecoin development. https://news.bitcoin.com/charlie-lee-resigns-from-coinbase-to-focus-on-litecoin

Actually IMO it's about Charlie Lee resign from Coinbase to focus on Litecoin development. https://news.bitcoin.com/charlie-lee-resigns-from-coinbase-to-focus-on-litecoin

one guy changing his job pulls in millions of extra pump? sheesh. it don't take much these days.

AFAIK he's the creator of Litecoin, isn't he? If it's true it really matters. Imagine Satoshi coming back to defeat Jihan-Ver evil empire?

[deepcolderwallet]

And the price dip after the Winklevoss ETF denial was much more brief and more shallow than most ppl expected (unless I misremember), so yeah I suppose it would count.

I bought the top. $1200 by that time. Was one of my first big moves in Bitcoin. Had to wait 2 months to believe in it again. An eternity for someone who came from ForEx.

So could this be the same thing leading up to Aug 21? Yeah, I suppose it could. Although it doesn't seem to me that Aug 21 will be as big an event from a trading perspective as bip141 lock-in. The former is guaranteed (now), the latter was not until shortly before it happened.

It's not much revealing. BIP141 lock-in means nothing if a big mess occurs around 8 days from here and the real Bitcoin supported by Core gets the lesser share of hashrate.

What big mess are you talking about? SW has been thoroughly tested, unlikely to cause problems.

I suppose you're referring to the fact that bitcoin core 0.15.0 will be disconnecting nodes which run segwit2x but I can't find when that's supposed to happen ...

The mess I'm referring is the split. I have no doubt about SW testing and it's reliability.

[JayJuanGee]

Not the best timing, but I have BTC/USD short open from $4041. Target is low $3000's.

Where have you placed the stop loss?

I adjust it based on market movement. Since we've made $3880, SL is now at $4201.

If price goes above $4100 again, based on market movement I suggest you adjust it at low $5000's.

I covered at $3840. Re-shorting this pop here. I don't hold my trades very long.

You must be crazy to short this market. I have seen countless of people blow up their accounts.

Remember in late 2014, there were quite a few articles and talking points about "how to short the bitcoin".. and surely shorting had been very profitable in 2014; however, the bottom had largely been reached by the end of 2014, even though in 2015 BTC was pretty flat, so there was not really major advantages to shorting or longing in 2015.. until the end of 2015, when BTC moved from $250 to $500, and thereafter, it became much more difficult to short bitcoin and make profits.  We probably did not recognize for sure that we were out of the bear market until about May 2016 when prices broke above $500 into the $700s and largely stayed above $500 ever since (except for the temporary bitfinex blip).... only a mere 15 months ago.. how times fly in cryptolandia.

Sure, some folks can make money in any market, but it certainly helps to somehow figure ways to work with the trend.

[deepcolderwallet]

But sincerely... Lady Starks is an ugly beast compared to the hot teenager V8 introduced me (virtually).

Are you sure ? http://www.flickriver.com/photos/joi/tags/elizabethstark/ (last chance ... ).

Sorry bro.

The blonde lady would always be the first choice.

[BTCtrader71]

did somebody order up a cup and handle?

yes, with 5 shots of espresso

https://www.tradingview.com/chart/BTCUSD/VqrLQuby-Russian-Doll-five-nested-cup-and-handle-pattern/