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

[JayJuanGee]

I have mixed feelings about the rise. I locked in my retirement at a lower price. So now I'm not "as rich" as I could be. Best to stop thinking about the "what ifs" and just be happy. Strange feeling though.

Taking your original investment out or some profit off the top is never a bad thing. That's smart. But going all out 100%?

Man Elwar, you gotta realize that if Bitcoin can go to $5400/btc and 99.9% of the population still hasn't bought any yet, then surely you know it'll hit $20K or $50K one day in the future? You gotta keep some in, dude. If you don't then you might be regretting it years down the road.

Oh no...not 100%. Maybe half.

Sometimes I feel like I am selling too much because I have so much cash piling up... however, I have only sold about 10% so far... so that 10% could come in handy if there is a 10%, or 40% or 60% drop... even though it seems that we are going UP before we go down, yet it remains quite difficult to know when the next decent drop is coming.. maybe we can get to $6800 to $7600 on this one and seems like even more could be possible on this one... so fricken bullish... seemingly.

[JayJuanGee]

How much new money is needed for every 100$ up in price ?

I'm not saying 10K is impossible but so fast, I don't see how.

Considering the matter in percentages is much more solid than getting caught up on absolute numbers or supposed psychological barriers with some absolute numbers.  So $100 price change meant a whole hell of a lot more two years ago when prices were in the $200s to $400s.... so that would have been 50% price changes or 25% in the $400 scenario... Now, we are talking less than 2% changes for every $100... so $100 swings become common place - even though $1000 swings are still a pretty decent percentage change, especially in a day or two, which surely happens and will happen more if prices continue to rise.. ..

$10k is looking more plausible in the coming 6months or less... maybe even 6 weeks - though I gotta try to keep some of my cool and not get overly excited about these kinds of number possibilities in the near future.

[Samarkand]

Where the fuck is all this money coming from ?!??

I think it might be swap positions through LedgerX. They will be in btc only.

Is registration for LedgerX even open yet?
Besides, opening an account is heavily restricted as of now. Just look
at the criteria you have to fulfill in order to start trading at LedgerX:

In order to participate on the LedgerX platform at launch, Participants must currently:
Be an Eligible Contract Participant as defined by the CEA
Be US-based and US-banked
If an entity, have two representatives for authorization purposes

If you are not based in the US you are basically unable to open an account.

[leowonderful]

I don't know about you guys, I think I'm a bad person.

I am really enjoying the butthurt of nay-saying late adopters on other (non BTC) forums I frequent.

Tastes sweet man.

I sometimes enjoy reading the posts of readers following a bitcoin article in some msm outlets. they hated it and didn't get it when it went over $100. the hated it and didn't´t get it when it went over $1000.  they just do not see the technology breakthrough part.
this helpless, clueless ignorance is sometimes entertaining.

disclaimer: I was clueless and ignorant myself when the internet started. if thought it was a hype and hated it. couldn't´t grasp what a "browser" was.  when the internet bubble started I was one of the last fools to burn my fingers.  but I did figure out what an idiot I was and decided to not let that happen again. when I discovered bitcoin I knew I would not let this one go by due to ignorance. learnt much about bitcoin and hodling in this forum. thank you all. without this forum I would not be in the position I am.

Yep.. this forum and this thread has been a great place for inspiration and up to date knowledge sharing.. etc.. etc..

There's no better place to escape the trolls (mostly) and get up to date information without rampant censorship like sometimes seen on Reddit. The forum has always been friendly and reliable and it's going to stay that way. Sometimes people do not see things from all sides and that's probably what happened to people that didn't get why Bitcoin went over $1000 the first time.

[JayJuanGee]

And "down" again to 5500 :-/

Where are my 10.000 USD

there is no such thing as straight up, and getting $1k in 24 hours is about as straight up as you are going to get, so we gotta expect some pause from that, no?

[chichidori]

And "down" again to 5500 :-/

Where are my 10.000 USD

there is no such thing as straight up, and getting $1k in 24 hours is about as straight up as you are going to get, so we gotta expect some pause from that, no?

I believe so too, but we may see bitcoin hitting 6k before december if china pushes through in licensing exchanges, japan are now one of the biggest single pair volume on bitcoin with license issued to 11 exchanges.

[sirazimuth]

On my ride to work on NPR
BBC World News reporting.....
"Bitcoin reaches another ath, breaking thru $5700".....

Soooweet!! ...Music to my ears...

[soullyG]

And "down" again to 5500 :-/

Where are my 10.000 USD

there is no such thing as straight up, and getting $1k in 24 hours is about as straight up as you are going to get, so we gotta expect some pause from that, no?

I like your new succinct style JJG!

[buyandhold]

New floor - fifty four. Bingo!

[valerie_zurich]

Bitcoin is reaching all time highs for the second consecutive days. Can the market's sentiment remain bullish? Come comment on our daily chart segment.



Chart source:
https://cryptocoincharts.info/pair/btc/usd/bitfinex/2-days

[Raja_MBZ]

Going back to $5000?

[AlcoHoDL]

Those memes and the excitement are all nice and good, but the big question is this:

-- When do we sell?
-- Do we sell?

Well, that's two questions. I've always been a HoDLer and I suck at trading, but I recently bought 1.4 BTC at under $5000 per coin, for the sole purpose of trading it. I've already made about $1.5k which feels really good. What now?

My plan is to keep the coins until 25 October, then sell it soon after, and wait for the supposedly massive pre-SegWit2x drop to buy again. But will it happen?

Damn, trading's a tough business...

[soullyG]

Probably just a retest of $5500 support before we move up again

[Meuh6879]

walls are high ... for buy rising process now.
i don't think ... and we are Friday. 

[Karartma1]

Wait and see mode activated! I can’t keep up with all that is happening. Mempool does not help even if I would like to leverage some coins to put some sell orders just in case. Only the golden rule applies here: to hold. I remember those times in which we used to say that the 24 hours are critical. They are, indeed.

[Ibian]

And "down" again to 5500 :-/

Where are my 10.000 USD

there is no such thing as straight up, and getting $1k in 24 hours is about as straight up as you are going to get, so we gotta expect some pause from that, no?

I like your new succinct style JJG!

Not gonna last. Talky man likes talky too much.

[Torque]

How much new money is needed for every 100$ up in price ?

I'm not saying 10K is impossible but so fast, I don't see how.

  The only requirement is that nobody is willing to sell for less than previous price plus $100.  There is no set formula; simply bids and asks.

Yes, this doesn't feel like a short term trading play to me. Massive long positions are being taken. This feels less like a greed-based trade, and more like a fear-based trade (hedge).

The bigger questions are 1) Why? and 2) Why now?

[Ibian]

How much new money is needed for every 100$ up in price ?

I'm not saying 10K is impossible but so fast, I don't see how.

  The only requirement is that nobody is willing to sell for less than previous price plus $100.  There is no set formula; simply bids and asks.

Yes, this doesn't feel like a short term trading play. Massive long positions are being taken. This feels less like a greed-based trade, and more like a fear-based trade (hedge).

The bigger questions are 1) Why? and 2) Why now?

No big mystery there. Money people tend to be smart, and nobody is trying to hide the coming financial collapse for those willing to look. Could be we just hit a collective psychological buy level.

[Neo_Coin]

ANXPRO policy on next Forks and Airdrops:
---------------------
"What are Hard Forks and Air Drops?

A “blockchain hard fork” is an event where there is a split in the network with two competing blockchains. This may take the form of:

Business as usual, where in the normal course of operation, temporary network splits happen and resolve themselves (typically withinseconds or minutes); no new currency or blockchain is created.
Non-contentious upgrades hard forks, where typically the majority of a network upgrade to a new version of the software and the old chain dies off; no new currency or blockchain is created.
Non-contentious “airdrop” forks, where a new blockchain is created, splitting off from an existing blockchain. Both chains continue to operate normally under different names (for example Bitcoin and Bitcoin Cash). In this case an additional blockchain is created, and operates under a new name.
Contentious fork, where segments within the community cannot reach consensus on the rules of the blockchain. One or both sub communities implement changes to the blockchain and accepting that “their” version of the consensus rules represent the “new” chain. In this case there may be significant disruption to the network, and one or multiple competing currencies may remain in operation after the event. There may even been industry confusion as to the naming of each blockchain.
An “Air Drop” is where tokens are allocated to existing token holders in a blockchain. The newly created tokens may be allocated in a fork of the source blockchain, or they may be tokens in a new or different blockchain.

Air Drops are typically non-contentious; normally some steps must be undertaken for a wallet management service to obtain the airdropped tokens.

-----

ANXPRO Operating Procedures Regards Some Recent and Upcoming Forks and Air Drops

Bitcoin Cash Non-Contentious Air Drop -
On August 1st, 2017 a non-contentious airdrop fork occurred where a new blockchain “Bitcoin Cash” was created as a clone of the original Bitcoin blockchain with some consensus rule changes.
ANXPRO halted deposits, trading, and withdrawals until system stability was clear. ANXPRO remains undecided on the economic viability of adding and supporting Bitcoin Cash, and will make a decision on whether to support Bitcoin Cash in early 2018.

Bitcoin Gold Hard Fork -
Bitcoin Gold is a new cryptocurrency denoted, as of now, as BTG or “bgold”. It will be a fork of the original Bitcoin and is a community-activated hard fork of Bitcoin with the claimed objective of improving miner decentralization. Bitcoin Gold is slated to launch on 25th October 2017, although the exact time for this fork is not yet confirmed.
ANXPRO does not consider Bitcoin Gold to be high risk at this time.
ANXPRO will not be supporting Bitcoin Gold in the near term, or crediting Bitcoin Gold to Bitcoin deposit holders; customers who wish to participate in this Air Drop are required to withdraw their funds prior to the 24th of October.


Bitcoin SegWit2x Hard Fork -
SegWit2x is a proposition to boost Bitcoin's transaction capacity, first proposed in May by a subsection of the community as a compromise between competing proposals (segwit and larger blocks). The fork is currently expected to occur sometime during November.
ANXPRO is concerned the SegWit2x hard fork is extremely contentious.
The high level of contention in the community has resulted in two competing implementations that both appear identical to existing legacy wallet clients, which may lead to confusion and disagreement across the Bitcoin ecosystem regarding the validity of transactions.
There are a large number of possible outcomes, including but not limited to:
Both chains coexist, with confusion and contention over which chain is “Bitcoin” (this is particularly complicated as SegWit2x will possibly be recognised as the valid chain by existing mobile and light wallets) OR
A compromise or emergency hard fork executed by either blockchain results in the emergence of a single blockchain.
ANXPRO feels the outcome remains unclear, however the possibility of a major network disruption is very high.
ANXPRO will schedule an extended outage from the fork date. ANXPRO will monitor the network, industry, and customer feedback through this period to form a policy on:
When it is safe to resume Bitcoin operations
Which of the two (or both) blockchains should be supported, and
What currency name and codes to use for each blockchain
ANXPRO requires customers withdraw with Bitcoin from ANXPRO prior to the hard fork if they wish to have the ability to participate in both chains.

ANXPRO will not be supporting Bitcoin SegWit2x Hard Fork in the near term.

As a final reminder, you must withdraw your digital currencies from ANXPRO if you wish to participate in forks and Air Drops. Security and stability is always our top-most priority and ANXPRO cannot, at this time, support unproven and unstable blockchains. ".

[madbyte]

Going back to $5000?

I don't think it will go back to $5000. To many things happening at the same time causing more and more money to enter. It is a daily occurrence now that big networks like CNBC is covering bitcoin... big change from even 6 months ago. I think even the negative press is good.