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

[vintages]

Is it good time to sell or to buy bitcoin?

I think for now, no one can genuinely conclude, if its the perfect time or not. My opinion, you should personally monitor it to make that conclusion yourself; at least when the time of regret for lossing or being glad for gaining comes, you will know you make that decision yourself.

Bitcoin is indeed unpredictable.

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[rjclarke2000]

on bitfinex BTC/BT2 is currently trading for 0.4. I wish I could already sell my 2xshitcoin to get my +40% btc

0.4?? WTF?

[vroom]

on bitfinex BTC/BT2 is currently trading for 0.4. I wish I could already sell my 2xshitcoin to get my +40% btc

0.4?? WTF?

as Samarkand said, there is only a tiny trading volume and this is most likely pushed by rich b2x supporters.

[Meuh6879]

Source : http://www.zerohedge.com/news/2017-10-05/big-banks-are-coming-bitcoin

With a market cap of $100 billion, digital currencies have become too big for banks to ignore.

[LewisPirenne]

Actually it's quite hilarious reading the Chinese forum about Bitfinex's new BT1 and BT2 (SX2 coin) contract started today.  The market trades around 0.7:0.3 now, i.e. if you split your BTC to BT1 (Core) and BT2 (SX2) and sell them, you can expect to get twice as much SX2 coin vs Core.  So there are now tons of warnings coming out about Bitfinex's past history and the somewhat sketchy USDT scheme (which are reasonable warnings, by the way).  

The thinking is that with BCH launch, the miner had ViaBTC exchange that serves as market maker and can somewhat "manipulate" the quote.   But now the miner's exchange has been shut down in China, they can't manipulate price anymore and had to get fund into Hong Kong if they want to manipulate SX2 price.  The much lower price of SX2 coin is quite contrary to the 90%+ hashrate and thus core coin chain will be dead right away narrative by the SX2 proponent.  Naturally miners are not stupid and will mine the more profitable chain.  If this keeps up, then those NYA hashrate may not seem as sure as what they are signaling now.

Thus we can expect people to try getting money into Bitfinex to prop up BT2 (SX2) quote so that the above thinking doesn't snowball out of hand.  There are already accusation that Bitfinex is "faking" quote.  But the market is fairly thin now and we may need to wait a few days for the real battle to begin.
This is what's being discussed on Chinese forum like 8btc.com, for what it's worth.  

[White sugar]

Is it good time to sell or to buy bitcoin?

It is a good time to hold, if you already have enough bitcoins, otherwise might be a good idea buy some. History shows that cash out in large quantities aleays is a bad idea in the long run

[Bitcoinaire]

That's a nice $100 pop! Will there finally be a weekend pump or dump? I'm feelin' a pump......

[fabiorem]

on bitfinex BTC/BT2 is currently trading for 0.4. I wish I could already sell my 2xshitcoin to get my +40% btc

So, we can expect bitcoin price to go up 40% by mid November?

If there is replay protection, yes.

If there is no replay protection, bitcoin will fall 60%, as the noobs will be selling their own BTC for more BTC.

[becoin]

on bitfinex BTC/BT2 is currently trading for 0.4. I wish I could already sell my 2xshitcoin to get my +40% btc

So, we can expect bitcoin price to go up 40% by mid November?

If there is replay protection, yes.

If there is no replay protection, bitcoin will fall 60%, as the noobs will be selling their own BTC for more BTC.

People will sell their B2X for more BTC with or without replay protection. The sooner you sell your B2X the better BTC price you'll get!
 

[conspirosphere.tk]

in the long run

Long run:



But every trend has an end. This one when the castle of IOUs will fall.

[xhomerx10]

That's a nice $100 pop! Will there finally be a weekend pump or dump? I'm feelin' a pump......

 $4400 denied again.  Third time is the charm so they say.

edit:  I'm looking at the 30 minute chart.  Can't seem to stay through $4400.

[afbitcoins]

in the long run

Long run:



But every trend has an end. This one when the castle of IOUs will fall.

Wow the rate at which central banks are robbing us is increasing at huge rate 

[STT]

 :'(CPI is a government statistic also.   The end figures only publish after approval and adjustment, they will not report the higher price of a car for example without first discounting the car as being superior to one ten years ago.    So say 25% higher price, they might reduce actual recorded inflation and say the car is 20% improved so inflation of price is 5%.  Fair or not this is not a plain number hence the steady line may be from this constant process of correction.

Dollar is rising today as earnings average rises at its fastest for some time

[fichtn12345]

Is it good time to sell or to buy bitcoin?

Yes.

Is it good time to sell or to buy bitcoin?

No.

Confirmed.

[Torque]

:'(CPI is a government statistic also.   The end figures only publish after approval and adjustment, they will not report the higher price of a car for example without first discounting the car as being superior to one ten years ago.    So say 25% higher price, they might reduce actual recorded inflation and say the car is 20% improved so inflation of price is 5%.  Fair or not this is not a plain number hence the steady line may be from this constant process of correction.

Dollar is rising today as earnings average rises at its fastest for some time

http://www.businessinsider.com/if-people-knew-the-actual-inflation-rate-it-would-crash-the-economy-2016-8

[buyandhold]

Turkcuck Dani wrote some words, mostly 'rules' and 'regulations', not one of them 'sovereign': https://aeon.co/essays/capitalists-need-the-nation-state-more-than-it-needs-them
One of the many occasions when the MSM editor just orders, "Look I just need 2k words of pro-statism for the SEO. Doesn't matter if it's complete piffle-waffle, it's just for the pointers."

[soullyG]

Let's see if $4400 will hold this time around

[xhomerx10]

Bitcoin formed a morning star pattern on the weekly chart,  the 50 MA line is just cutting through the 200 MA line from below (golden cross-over pattern) on the 6 hour chart and the market is taking another crack at $4400 today.  New ATH in two weeks^Ⓒ

Happy Halloween!

[d_eddie]

:'(CPI is a government statistic also.   The end figures only publish after approval and adjustment, they will not report the higher price of a car for example without first discounting the car as being superior to one ten years ago.    So say 25% higher price, they might reduce actual recorded inflation and say the car is 20% improved so inflation of price is 5%.  Fair or not this is not a plain number hence the steady line may be from this constant process of correction.

Dollar is rising today as earnings average rises at its fastest for some time

Your car example is spot on. CPI is one of the very bogusest statistics, everywhere in the world. One of the best ways for guvments to obfuscate the real inflation rate.

[Icygreen]

Yes, real inflation rates are about 7% per year taken on a 10 year timeline. I typically look at food and building costs. For me, the costs of both are up 50% and more over the past 2 years only.  An avocado now costs $3 each and a sheet of plywood is $45. (canadian dollars)
Good reason to store my value in BTC.