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

[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.

[RayX12]

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?

The banks and currencies getting weaker!

"SITUATION HYPER-CRITICAL: IMF WARNS MAJOR BANKS IN TROUBLE."
https://www.youtube.com/watch?v=70q7v9zqt68

And... by the way!  CONGRATULATIONS HODLERS!

[bitcoinPsycho]

https://www.google.com/url?rct=j&sa=t&url=https://www.standard.co.uk/news/london/17m-london-mansion-up-for-sale-but-only-if-you-can-pay-in-bitcoin-a3657556.html&ct=ga&cd=CAEYASoTNDY5NzE0MzAzOTYyMzY2MDEzMjIcOWQyMjU2NTI4MTc4MWMwNDpjby51azplbjpHQg&usg=AFQjCNEKvl3m-GpEpvmscDaA1uAP3LEsDw

we need more of this

[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?

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.

Something is definitely spooking the big money folks that are now coming into Bitcoin. The MSM wants to paint Bitcoin as the same pure tech speculation hype-driven mania they saw in 2013. But from the market behavior I've witnessed over the past year, I call bullshit on that. This is not just big money that's going to come in and subsequently leave... big long positions are being taken that would be hard to unwind. It's not looking the same as 2013. It appears to me that insiders may be hedging well ahead of something on the horizon.

[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 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?

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.

Something is definitely spooking the big money folks that are now coming into Bitcoin. The MSM wants to paint Bitcoin as the same pure tech speculation hype-driven mania they saw in 2013. But from the market behavior I've witnessed over the past year, I call bullshit on that. This is not just big money that's going to come in and subsequently leave... big long positions are being taken that would be hard to unwind. It's not looking the same as 2013. It appears to me that insiders may be hedging well ahead of something on the horizon.

The collapse (that is, the point where it can no longer be hidden from the muggles what is happening) is likely to happen around 2020. Something like that?

[Torque]

The collapse (that is, the point where it can no longer be hidden from the muggles what is happening) is likely to happen around 2020. Something like that?

You could be right, it could be that.

With the way that world markets are being heavily manipulated and propped up by the Fed and the CBs right now, I'm of the mindset that the next market crash and crisis won't be an unknown black swan event to these insiders... it'll be manufactured by them. Such as a mega false flag event, a staged war, or the start of a controlled demolition in the outlier banks. They need a catalyst, a scapegoat. They need this to happen because they know they can't keep the markets propped up forever. They've got to reset them back down, and have a plausible excuse to crank up QE4 in order to restabilize the markets again.

Either that, or they know that if the world economies don't turn around soonish (like in the next 2-3 years) we could start to see some run away inflation hit hard. It's kinda already started in the last few years. Then they'll have to raise interest rates and cause the market crash themselves, which won't look good on them.

[podyx]

$6k coming to you live very soon

[soullyG]

[podyx]

$6k coming to you live very soon

Actually, I think we'll consolidate in the 5650-5800 zone for few days first

[El duderino_]

$6k coming to you live very soon

Actually, I think we'll consolidate in the 5650-5800 zone for few days first

No problems with that i guess 😊
Nice and smooth weekend and than back to work on monday .... pumpin up these BTC

[ivomm]

segwit2x vs Bitcoin

[xhomerx10]

Ha ha! Denied!