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

[JayJuanGee]

We all know it's $32k next week JJG. Then maybe a correction to $31k.

Get outta here with your $4444

If we go to $32k in the next week or so, that is going to trigger me to sell a lot of these buggers, so that is one way of shaking me out of my supposedly incrementalism strategy...  

Such a situation would be sooooo stressful, because in such a passing, I think BTC would be very likely to get a correction back down to $8888-ish.  

Call me a party pooper.      

[ghandi]

Back on track!

[Lauda]

Bitstamp | Total bids: 61020189 USD. Total asks: 2774 BTC. Ratio: 21990.74713 USD/BTC. | Data vintage: 0.0165 seconds

Just thought I'd leave this here, a new ATH in total bids.

Back on track!

Next stop?

[ghandi]

Back on track!

Next stop?

Moon! Silly question!

[savetherainforest]

Heyyyy....   R000000aaach!!! ..  where are you??..  WTF!?!?? is up with gold & silver??    

https://www.bullionvault.com/silver-price-chart.do

Btw.. is that blockchain based gold & silver trading platform out yet?? .. gives us a heads up when it comes out, we want in on that!

Not sure what is really up with gold and silver, but they normally trade in inverse to US Treasury yield and US Tsy 10yr/ 5yr/ 2yr all got obliterated yesterday.
There is serious chart breakdown and 2 yr tsy just hit the lowest (highest yield) since 2008~2009! 
So it's either this new US tax cut plan or Trumpflation or Fed upcoming rate hike or the temp jump in inflation from the multiple hurricanes hit in the US, that's prompting the selloff in tsy and hence precious metal.   

What goes down, must always come up!

It makes me feel a bit confident about metals as well, but the weird thing is that the investment procedure and bureaucracy is still a pain in the a$$. So for now I guess is a "No! Ty!" for me.

[Searing]

Back on track!

Next stop?

Moon! Silly question!

Soon!

[Meuh6879]

Are you sure there is 114 000 nodes with the 1Mb size/4Mb ? (I run ONE, but I wil upgrade)

Yes.

[Meuh6879]

I think, if SIDECHAINS is not working then we must increase block size limit. ... I'm big FAN of SIDECHAIN.

so, you run a P2Pool server ... ?
no ... ?
so, you don't understand the work on the sidechain (and the fork need to push new revision and ban/reject outdated nodes).

[Meuh6879]

Already ... finished ? 

[rjclarke2000]

What's this bullshit about bitcoin investment trust throwing btc out the window and considering bcash?

Just skim read something on Reddit.

[600watt]

What's this bullshit about bitcoin investment trust throwing btc out the window and considering bcash?

Just skim read something on Reddit.

yeah where´s dat fud with no link? 

[bitserve]

What's this bullshit about bitcoin investment trust throwing btc out the window and considering bcash?

Just skim read something on Reddit.

Wut??

[rjclarke2000]

What's this bullshit about bitcoin investment trust throwing btc out the window and considering bcash?

Just skim read something on Reddit.

yeah where´s dat fud with no link?  

https://www.reddit.com/r/BitcoinMarkets/comments/72xqde/comment/dnmalpm?st=J84ER4F6&sh=bf05a3d9


I'm not the fudster here guys. I haven't even clicked the link. I just partially read the comment and then saw a little dip. Don't gang up on me!!!

[fragout]

So whats caused all the spam in the mempool?- no prizes.

The spam outputs, generated by the first four waves of fan-out transactions, had been starting to move since autumn of 2015 — sort of. Whoever controlled these addresses had been broadcasting transactions to spend these outputs over the network. However, for a long time, miners did not include these “spam broadcasts” in their blocks; the transactions were ignored.

Up until the second half of 2016, that is. At a very specific point in time, a group of seven mining pools started to suddenly accept these spam broadcasts and include them in the blocks they mined: 1-Hash, Antpool, BitClub Network, BTC.com, HaoBTC, KanoCKPool and ViaBTC.

Full article - https://bitcoinmagazine.com/articles/curious-case-bitcoins-moby-dick-spam-and-miners-confirmed-it/

[Torque]

Wall Street analyst unleashes on Jamie Dimon and everyone else calling bitcoin a fraud
http://www.businessinsider.com/bitcoin-price-bubble-tulips-2017-9

"If one describes Bitcoin as a fraud, how would one describe a ‘financial cloud’ that is at least 4x-5x larger than the underlying economies? It is unlikely that US$400 trillion+ of financial instruments circulating around the world would ever be repaid and most are now backed by assets that are already either worthless or are diminishing in value. How does one describe rates and the yield curve that are either directly determined by CBs (BoJ or PBoC) or heavily influenced by them (Fed or ECB)? People living in glass houses should not throw stones."

[Arriemoller]

like BCH ... not new.

like Bitcoin Classic ...
like Bitcoin XT ...
like Bitcoin Unlimited ...

Bitcoin Millennial Edition? Bitcoin Vista?

 

Bitcoin 3.1.






Because its true to Satoshi vision.

Bitcoin 97, with a built in Ctrl Alt Delete button.

[RejectedBanana]

The last 10 floor to floor Bitcoin doublings since Nov 2012.

Average doubling time: 6 months
Shortest doubling time: 1 month ($20 to $40)
Longest doubling time: 18 months ($80 to $160)

The Mt Gox bubble is clearly disruptive to trend. Since recovery, doubling times have only accelerated. This kind of hyperbolic growth is typical of a technological singularity. Think color tv, mobile phones, or the Internet.

At this scale, it's really hard to see the recent hardfork or China FUD having much of an impact at all.

https://bitcointalk.org/index.php?topic=2203360.0

This feels very f'-ing fancy! .. Also.. I don't know if you know this.. But your chart predicts 10500$+ în 3-4 months.

Let's project! If we assume an average doubling rate of 6 months, then the price floor should remain above:

$5120: Jan 2018
$10,240: July 2018
$20,480: Jan 2019
$40,960: July 2019
$81,920: Jan 2020

We may touch $10,000 in 3 or 4 months as an ATH, but it may take another couple months to form a new floor. I wouldn't be surprised if doubling rates slowed down to maybe a year+ after $10,000, though. It's mind-boggling and eye-watering to conceive it's even possible. But this long-term doubling trend has so far survived all kinds of FUD, hacks, and Bitcoin obituaries and only appears to be gaining resilience as adoption increases.

[Arriemoller]

The last 10 floor to floor Bitcoin doublings since Nov 2012.

Average doubling time: 6 months
Shortest doubling time: 1 month ($20 to $40)
Longest doubling time: 18 months ($80 to $160)

The Mt Gox bubble is clearly disruptive to trend. Since recovery, doubling times have only accelerated. This kind of hyperbolic growth is typical of a technological singularity. Think color tv, mobile phones, or the Internet.

At this scale, it's really hard to see the recent hardfork or China FUD having much of an impact at all.

https://bitcointalk.org/index.php?topic=2203360.0

This feels very f'-ing fancy! .. Also.. I don't know if you know this.. But your chart predicts 10500$+ în 3-4 months.

Let's project! If we assume an average doubling rate of 6 months, then the price floor should remain above:

$5120: Jan 2018
$10,240: July 2018
$20,480: Jan 2019
$40,960: July 2019
$81,920: Jan 2020

We may touch $10,000 in 3 or 4 months as an ATH, but it may take another couple months to form a new floor. I wouldn't be surprised if doubling rates slowed down to maybe a year+ after $10,000, though. It's mind-boggling and eye-watering to conceive it's think its even possible. But this long-term doubling trend has so far survived all kinds of FUD, hacks, and Bitcoin obituaries and only appears to be gaining resilience as adoption increases.

Well the price has doubled every four months this year, so 10 000 seems like the next logical step.
And I see no reason why the rate of increase should slow down next year, If anything, the forces behind the rise will be even stronger next year. 80 000 by the end of next year is not impossible IMHO. There might very well be an even higher increase as well.

[Wekkel]

80 000 by the end of next year is not impossible [...]

I like people who predict BIG 

[JimboToronto]

Good morning Bitcoinland.

I see we had a nice little correction after yesterday's decent rise... currently $4165USD/$5195 (Bitcoinaverage). That's still up on the day.

AltCash is hanging in, also up a smidgen at $459USD/$572CAD (Coinmarketcap). Back in #3 ahead of Rip(off)ple.

Let's keep this uptrend smooth, steady and not too fast, but not too slow either.