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

[In the silence]

I Cannot believe we achieve a new ATH yesterday, it will be great if its stay to that price long, but it go to a correction after that.

When will be the next $5500? October?

[jojo69]

Thoughts?

I want to see a test of the lower line, I put it at about 4200 ATM

[spiderbrain]

Thoughts?

I want to see a test of the lower line, I put it at about 4200 ATM

That would be a better foundation, but if we follow the recent steeper channel and break through the long term channel top, that may become a new support. We're going to know which way it's going in a few days, I suspect.

[Gyrsur]

Thoughts?

+1

this is the trend channel.

[Wekkel]

Thoughts?

A break out on the upside would make sense from the perspective of an acceleration in the exponential price increase. In other words: commencement of the early stages of a 2017 bubble 

[explorer]

Thoughts?

A break out on the upside would make sense from the perspective of an acceleration in the exponential price increase. In other words: commencement of the early stages of a 2017 bubble 

If you zoom out to include another year or so, the long term trend does have more of a super-exponential shape. 

[JayJuanGee]

I need to see some volume in this ramp to believe in it

You said that earlier too.  What's your point about the volume?  We have decent overall volume for the past 18 weeks, and going on 5 green weekly candles, too. What is the complaint?  You think we are not stable here, unless we get more volume?  What you are saying does not seem to have any foundation in reality, does it? 

If the price goes up or down dramatically, then we will get a lot of volume and a battle, but if we just have medium volume and ongoing trickling up, like our current state of affairs, then we are not experiencing any problem, are we?

[Last of the V8s]

Fellow Bitcoiners salute Most Illustrious Comrade Kim for blessed successful underground anti-yank bomb testing.

[drbrockcoin]

Fellow Bitcoiners salute Most Illustrious Comrade Kim for blessed successful underground anti-yank bomb testing.

HAHAHAHAA

How big is your dick TRUAMP

[RealMachasm]

Fellow Bitcoiners salute Most Illustrious Comrade Kim for blessed successful underground anti-yank bomb testing.

HAHAHAHAA

How big is your dick TRUAMP

I, for one, would rather not rely on the length of someone's genitalia to determine if we should go to war.

[Last of the V8s]

It's also a slap in the face for Presidents Wu and Buterin er I mean Xi and Putin.

[spiderbrain]

Thanks for the feedback, guys. see you on the other side of the wedge!

[Bitmore]

Fellow Bitcoiners salute Most Illustrious Comrade Kim for blessed successful underground anti-yank bomb testing.

HAHAHAHAA

How big is your dick TRUAMP

Bigger than a Nimitz class carrier!

The world may burn, but bitcoin will make us rich!

And I might be so bold as to suggest some nuclear hardened, radiation sealed vacation properties in New Zealand!

[600watt]

Good article : https://steemit.com/bitcoin/@wekkel/bitcoin-vs-gold-debate-intensifies

shutdown by Governments

The following paragraph goes into the matter of a shutdown of Bitcoin exchanges by Governments:
"A more likely scenario is that governments or hackers shut down Bitcoin exchanges. In fact, back in 2014, there was the infamous Mt. Gox hack, in which over 800,000 coins were stolen and almost caused the end of Bitcoin. The owners of cryptocurrencies must hope that governments never shut down the exchanges or websites that enable these electronic transactions. Governments can try to ban gold ownership, but that must be done on a door-to-door basis and is extremely difficult to accomplish. But to place confidence in cryptocurrencies is to put faith that governments cannot control the internet."

I see a lot of different arguments mixed together. If I understand Michael correctly, the arguments boil down to the following:

    governments/hackers may shut down Bitcoin exchanges
    the Mt. Gox hack almost caused the end of Bitcoin
    governments can shut down exchanges and websites and thus shut down cryptocurrencies
    banning cryptocurrencies is easier than banning gold

While government interference certainly plays a role, I consider it kind of a black thought that governments would completely ban cryptocurrencies. That would be token of a total lack of trust in current governments.

asking the "governments-will-outlaw-bitcoin" people:

has there ever been a major breakthrough in IT that has been outlawed? where is the historic precedent? and while you at it: please put together a list of technologies that have been invented but have been outlawed. and forget biological stuff like "cloning humans" - cloning mammals is not illegal, cloning humans is of course, but it did not stop the technology.

[Last of the V8s]

asking the "governments-will-outlaw-bitcoin" people:

has there ever been a major breakthrough in IT that has been outlawed? where is the historic precedent? and while you at it: please put together a list of technologies that have been invented but have been outlawed. and forget biological stuff like "cloning humans" - cloning mammals is not illegal, cloning humans is of course, but it did not stop the technology.

they don't outright outlaw.

they subverted tech - cf windows and systemd utterly useless for computing
or pwned it - cf tor, the internet, gsm phones, intel/amd chip backdoors
or now create alts - syscoin, labcoin, ethereum, bcash

but you're right. nothing can be done to outlaw bitcoin.

[conspirosphere.tk]

asking the "governments-will-outlaw-bitcoin" people:

has there ever been a major breakthrough in IT that has been outlawed? where is the historic precedent? and while you at it: please put together a list of technologies that have been invented but have been outlawed. and forget biological stuff like "cloning humans" - cloning mammals is not illegal, cloning humans is of course, but it did not stop the technology.

Maybe you're too young to remember that there was a prohibition of exporting pgp tech out of the US, until it was abolished after it leaked anyway.

[d_eddie]

Maybe you're too young to remember that there was a prohibition of exporting pgp tech out of the US, until it was abolished after it leaked anyway.

I do remember that. Crypto was treated as a weapon, so code couldn't be exported. But books could, so there were chapters full of code printed in OCR-friendly fonts.

It's hard to ban ideas.

[Wekkel]

I can remember issues with exporting PlayStation 2's because the tech was considered powerful enough to guide missiles. The problem is that we have relatively open borders which cannot be shut down completely without serious economic effects. It is either security or freedom. And we all know that choosing security over freedom means no security and no freedom in the end 

[El duderino_]

When do we fly up again

[Ted E. Bare]

Next week probably. Buying every dip.