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

[El duderino_]

So now what i know ......... sitting here on a Nice holiday @cyprus... what is very beautiful with very Nice nature..., culture and all i need BUT stil asking myself now offcourse When i’m Drunk 😊 to who Will i be sending Some PRECIOUS BTC BTC

Few are in a Nice run i think ............  greetings you bitcoinpeople

[rjclarke2000]

How long until the next dip?

I think we will get to 5200 and then it'll sharply drop to 4500-4700 again. We will get a taste of the 5s and then back to where it's comfortable.

I have nothing to back this up, it's just purely my feeling.

Edit. This is ruling out any fundamentals that may arise.

[xhomerx10]

A late good morning Bitcoinland.

I see we're more than half way back after yesterday's deep correction/profit-taking... currently $4858USD/$6079CAD (Bitcoinaverage).

AltCash continues to slip... currently $313USD/$391CAD (Coinmarketcap).

While a little consolidation is good, I think it's about time we moved on up to a new ATH.

Go Bitcoin go.

We all know this, anything new?

You, sir, are not exactly getting off on the right foot here.

+1
Jimbo's Canadian morning updates are an institution and very much appreciated.
You must be new here...

I think it's important to note that Romanians are generally quite direct; I'm sure there was no malice intended in his comment.

[mymenace]

Because events like this unfold, I protest the root of it by supporting something better. BTC
To me it feels like the only solid recourse I have to fight with outside of speaking to others what I see.
Bitcoin is more deadly than guns for the 1% and if we succeed, it will be because enough see it the same way.

Amen! I just don't want to play the same old game. Wondering what is and isn't government manipulation, or if the means could ever justify their "end".

I am not really paranoid or care much for the charade upon charade of politics (especially US). I just want my books, a sailboat and financial freedom.

thoughts and prayers though, of course of course

Ancient Slavery
Yesterdays Monarchy
Todays Governemnt



Getting better everytime

it is always there, something/someone trying to overpower the herd


live within the repercussions of the time and always do it your way

[xhomerx10]

How long until the next dip?

I think we will get to 5200 and then it'll sharply drop to 4500-4700 again. We will get a taste of the 5s and then back to where it's comfortable.

I have nothing to back this up, it's just purely my feeling.

Edit. This is ruling out any fundamentals that may arise.

 In that case, please keep us abreast of any new fundamentals that develop.

[JayJuanGee]

It's 2017, Jay. Why are you still using Localbitcoins?

I consider localbitcoins as a kind of arbitrage opportunity that supplements my trading and even allows me some ways to interact with real peeps - including some ability to pull some cash out - or at least have some actual cash sitting on the sidelines.

Is there something else that works better?  

Surely, if Localbitcoins seems to be serving as a vehicle for certain excessive risks, then there could be a consideration to discontinue with it completely or maybe to change the advert terms and perhaps lessen some of the exposure?

It's 2017, Jay. Why are you still using Localbitcoins?

What’s wrong with LocalBitcoins? On the rare occasion that I’ve sold some of my stash I’ve sold there. Never had a problem with them as long as you sell to somebody with multiple 100% positive feedback.

I don't know if it is feasible to screen out folks based on "multiple 100% positive feedback" because a large number of my interactions are with newbies - and once I do one exchange with them, I invite them to engage in direct transactions, as long as they seem cool.. at least on the buying BTC from me angle.  I still remain a bit hesitant to give folks cash, if there could be ways for them to reverse the transaction on the blockchain, so going through local bitcoins seems safer from that angle, for me.

[buyandhold]

How long until the next dip?

I think we will get to 5200 and then it'll sharply drop to 4500-4700 again. We will get a taste of the 5s and then back to where it's comfortable.

I have nothing to back this up, it's just purely my feeling.

Edit. This is ruling out any fundamentals that may arise.

 In that case, please keep us abreast of any new fundamentals that develop.

Jimmy has also changed since the old days

[mymenace]

It begins
https://www.acchain.org/en/
https://bitcointalk.org/index.php?topic=1908143.0

digitization of your assets

from what i have heard

they created a token for tea in a warehouse and sold it as an ico          
tea              
https://www.acchain.org/en/news_detail.html?id=84

they bought land in texas and created a token for the land and sold it.
real estate    
https://www.acchain.org/en/ret_ico.html (invitation only)

Is this the SDR special drawing rights of the IMF to enter the blockchain

and will it result in making bitcoin illegal?

[Ted E. Bare]

Still waiting for all-time high... Go bitcoin go!

[LewisPirenne]

I think it's important to note that Romanians are generally quite direct; I'm sure there was no malice intended in his comment.

Speaking of Romanians, anyone knows what Mircea Popescu of MPEX fame think of upcoming November fork and current market price?
Or is he too obsessed with existential ramblings and the fair sex to bother with such tripe?

[Torque]

Another winner from the MSM:

Should Individuals Invest in Bitcoin? In a Word, No.
https://www.wsj.com/articles/should-individuals-invest-in-bitcoin-in-a-word-no-1507730402?mod=e2tw

They gotta keep that gaslighting going, yo!

[JayJuanGee]

How long until the next dip?

You gotta define your terms a bit better, Eric.

In your question, what is a dip, exactly?  2% 5% 10%? 20%  40%?

And, dips are different if they come after a price rise, too.  So if the price goes up 30%, then a large dip becomes more likely rather than if the price just goes up 3%.

Right now we seem to have some ongoing upwards pressure that is tempered by FUD - especially some questions concerning various ramifications of the segwit2x fork and whether various allegiances could cause migration of other important actors and/or users or whether the hardforkeners have enough resources at their disposal to leverage migration of more of the network to their side....  

Yet, there seems likely to be enough legs, right now, that we are going to get some piercing of $5k to bring us at least to $5,400 within a week or two  (Currently, I am thinking that getting past $5k will put us into the $5,400 to $5,800 range, at minimum)- and if there remains some questions about buying support there could be a "dip" from that point... on the other hand, failing to break through $5k could also result in a dip, which seems a bit less likely at the moment, but who am I?  Nostradamus?

[BlindMayorBitcorn]

Ms. Ford says she had a 45-year-old client recently come to her with a plan to liquidate a majority of her retirement savings and invest the proceeds, after taxes and penalties, in bitcoin.

"Go for it" isn't really prudent financial advice. At least they're getting warmer.

[Torque]

Ms. Ford says she had a 45-year-old client recently come to her with a plan to liquidate a majority of her retirement savings and invest the proceeds, after taxes and penalties, in bitcoin.

"Go for it" isn't really prudent financial advice. At least they're getting warmer.

She's 45 years old and probably not seeing a good retirement nest egg on the horizon. I say YOLO.

Has worked out for me the last 4 years. Like, ridiculously. Made more gains in 4 years with Bitcoin than I could have done in 15-20 in the stock market. The one thing that we all don't have is more time.

Also remember, the old establishment system of financial planners, IRAs, 401ks, and mutual funds is a complete and total scam. They desperately NEED all Average Joes to stay locked into the retirement planning system until they're 65 so they can skim everyone's gains and charge ludicrous 'management' fees, taxes, and early exit penalties. And every 7-9 years they'll walk back everyone's paper gains with another market correction or crash, resetting everyone back over and over again. What you end up with at retirement is FAR less than what you are promised or what you deserve.

But if all Average Joes leave the system, it's like a bank run.... everything collapses.

[BlindMayorBitcorn]

I say YOLO.

Same. 

[yefi]

Speaking of Romanians, anyone knows what Mircea Popescu of MPEX fame think of upcoming November fork and current market price?
Or is he too obsessed with existential ramblings and the fair sex to bother with such tripe?

That strange fellow can think as he pleases. He was always in favour of 1MB blocks as I recall, so he'd probably side with Core.

[jojo69]

Sometimes, Torque, it seems like you live in a terrifying echo chamber, and then sometimes, you clearly have a lot figured out.  That last post would figure in the latter category, by my way of thinking.

[Ibian]

Sometimes, Torque, it seems like you live in a terrifying echo chamber, and then sometimes, you clearly have a lot figured out.  That last post would figure in the latter category, by my way of thinking.

One does not necessarily exclude the other. More people are waking up, and there are multiple levels to this.

[Vahnt]

Looks like it really wants to punch through ATH, at this rate it can't be more than a week until it happens.

[Paashaas]

Bitcoin will blast through $5000 within 1 week.