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

[d_eddie]

Buying dips as well. It feels like some bearwhale playing dumpy dumpy on low liquidity. Shaking the tree while banks are closed for the long weekend.

Jimbo must be tired of walking back and forth by now...

[becoin]

Buying dips as well. It feels like some bearwhale playing dumpy dumpy on low liquidity. Shaking the tree while banks are closed for the long weekend.

Long weekend is only for the US. Other bitcoin markets are much more important for price movements.

[fabiorem]

Bitcoin is dead. I'm mourning for it already.

[Ted E. Bare]

[Neo_Coin]

Everything that goes on, always comes down. This isn't quantum physics. It's like the second law of thermodynamics.

https://image.prntscr.com/image/cnfRgAzHQ5KbQR2Q7c63Lg.jpeg

[JimboToronto]

Good AM Bitcoinland.

Wow. Did it again. Woke up just in time to see the price go sub-$4.4kUSD, threw on clothes, ran over and bought the bottom (so far) at a 1.9% buy fee. Unfortunately I forgot to check to see how much cash I was carrying and found I only had $200 with me. Of course I spent it.

By the time I got home to get more dollars, the fee had risen to 2.3% (now it's up to 4%) and the price had risen as well... currently $4490USD/$5566CAD (Bitcoinaverage). Snooze you lose.

I'll keep an eye open for another dip to buy. This correction might go a wee bit deeper yet. In the meantime, every new egg in the nest is welcome.

Meanwhile AltcoinCash is hanging in there at $580USD/$720CAD.

Jimbo must be tired of walking back and forth by now...

I never tire of buying the dips.  Also at my age, I need all the exercise I can get.

[yermom]

Or we are going to another H&S+wedge+C&H
Or this is the mother of all DCBs

Get ready!

[yermom]

btw is there any real possibility of both bitcoins going upwards? Like some kind of cooperation/competition without offenses flying over our heads.
Just asking, not a tech person
Maybe this hasn't to be bad at the end, for either "side"

[empowering]

btw is there any real possibility of both bitcoins going upwards? Like some kind of cooperation/competition without offenses flying over our heads.
Just asking, not a tech person
Maybe this hasn't to be bad at the end, for either "side"

Both Bitcoins?

There is one Bitcoin and one Altcon.

[jojo69]

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?

Did I?  Would have been a couple weeks ago.

I should be more specific in my posts Jay.  Long term I am a true believer, really.

I was referring to the very short term ramp we experienced between 16:00 and 23:00 yesterday (UT-8) and my skepticism about that was well founded as it turned out.  All the volume has been with the bears so far since the last ATH and I am looking for buy side volume to signal that we are truly headed back up.

Also not seeing any volume in this $100 runup we have seen in the last 3 hours, I think the bears have more in them, short term.

[600watt]

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.

an export ban is not at all the same as outlawing a technology. it is more like trying to protect the edge that the new tech brought to the country who got it first.

new technologies do not get outlawed and never did. and bitcoin is a new technology.

[Meuh6879]

Battle for the green Monday has begun ...

[yermom]

btw is there any real possibility of both bitcoins going upwards? Like some kind of cooperation/competition without offenses flying over our heads.
Just asking, not a tech person
Maybe this hasn't to be bad at the end, for either "side"

Both Bitcoins?

There is one Bitcoin and one Altcon.

Yep. That's the situation right now. And they are fighting for dominance

Both have certain properties and it has not to be a death struggle. Or is it? That was my question. Or perhaps I should ask if we are Homo Sapiens Sapiens, who are ready for this changes. The revolution has to be decentralized

Edit: btw WTF happened on kraken chart on 26/8? glitchy

[Meuh6879]

The revolution has to be decentralized

[Arriemoller]

btw is there any real possibility of both bitcoins going upwards? Like some kind of cooperation/competition without offenses flying over our heads.
Just asking, not a tech person
Maybe this hasn't to be bad at the end, for either "side"

Both Bitcoins?

There is one Bitcoin and one Altcon.

Yep. That's the situation right now. And they are fighting for dominance

Both have certain properties and it has not to be a death struggle. Or is it? That was my question. Or perhaps I should ask if we are Homo Sapiens Sapiens, who are ready for this changes. The revolution has to be decentralized

Edit: btw WTF happened on kraken chart on 26/8? glitchy

I'm a Hetero Sapiens

[FractalUniverse]

new technologies do not get outlawed and never did. and bitcoin is a new technology.

new technology=blockchain they will not ban it of course.

but what im afraid of is that states+banks+multinational companies will use the technology to create their own [controlled] tokens. And when they are ready few years from now, they could start prohibiting  other cryptos from financial transactions. its impossible to ban people from sending bitcoin transactions, but they can ban e-shops/exchanges from accepting them for purchases payments, and push for their own controlled coins instead.
what would be bitcoin without ability to use it for buying stuff?

[Neo_Coin]

new technologies do not get outlawed and never did. and bitcoin is a new technology.

new technology=blockchain they will not ban it of course.

but what im afraid of is that states+banks+multinational companies will use the technology to create their own [controlled] tokens. And when they are ready few years from now, they could start prohibiting  other cryptos from financial transactions. its impossible to ban people from sending bitcoin transactions, but they can ban e-shops/exchanges from accepting them for purchases payments, and push for their own controlled coins instead.
what would be bitcoin without ability to use it for buying stuff?

It would be interesting to find out how much percentage of bitcoins are used to purchase goods and services, how to trade and how much for long-term investment as safe haven. 

[btcbeliever]

new technologies do not get outlawed and never did. and bitcoin is a new technology.

new technology=blockchain they will not ban it of course.

but what im afraid of is that states+banks+multinational companies will use the technology to create their own [controlled] tokens. And when they are ready few years from now, they could start prohibiting  other cryptos from financial transactions. its impossible to ban people from sending bitcoin transactions, but they can ban e-shops/exchanges from accepting them for purchases payments, and push for their own controlled coins instead.
what would be bitcoin without ability to use it for buying stuff?

can always trade bitcoin for cash face to face.  They will never be able to prevent that, as long as paper money still exists.

[jojo69]

as long as paper money still exists.

exactly, that might not be as long as we would like

[El duderino_]

Next week probably. Buying every dip.

Thats the MAIN job this times buying dips 😁