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

[Ludwig Von]

don't forget, the bottom of the big channel is $3600 still

Don't hold your breath waiting for that price...   

Oh, I'm not Jay.  The macro trend is still parabolic, even in log scale, so the real channel may well already be steeper than that.  Also, it is already quite steep and there is absolutely no guarantee that we will retest it's bottom any time soon so, of course, the longer that takes the higher it will be.

With all the forking idiocy and whatnot though, it is still a line to keep in the back of your mind.

Fair enough.  I agree that it is good not to rely too much on technical analysis, either.. but surely we have upside and downside possibilities and probabilities, and surely if price starts going down and breaking through support, then lower levels of correction become more and more possible and probable.  Currently I reset my plans a little bit to always have orders preset for a 50% correction - however, the last time when prices corrected down to $2970 (which was a 40% correction), I was scrambling a bit to figure out my orders if prices were to drop further - i had an outline of a plan to be able to buy down to $1k - but I had a bit of cashflow issues regarding how quickly we had gotten to the 40% correction level and I would have felt a bit better to have such buy order preparations down to 50% in order that I would not have had to scramble as much at that time.  so now I have fixed that issue.. even though it seems that we should be going up first before experiencing another 30% or more correction.. sure a 10% or 15% correction.. and sure, I am not going to completely rule out 40%, even now, but we gotta be prepared for up, too... maybe into the $6800 to $7800 arena...? (INCOMING!!!)...   so I agree with you that if we only think about UP, then we are likely to get fucked, too... or at least miss out on some ability to take advantage of ongoing volatility that is even of the against the trend type.

I have it only difficult with the upside in planning (sell orders) and executing the strategy (well actually, the tactics of it).

[1714526548]

1714526548

[Last of the V8s]

http://data.ledgerx.com/
seems to be up and running

Guys I enjoy listening to Trace Mayer interviews on YouTube. Is there anyone else you recommend watching/ listening to.

Trace just seems to blow my mind each interview.

Simon Dixon.

Some like Richard Heart

also i like 'shinobi' on Block Digest channel

[jbreher]

BCH has only 2 supporters - Jihan and Roger.

Either ignorant or a liar. Which whither?

[jbreher]

If you have 350k btc why would you even bother with bcash?

Because it is The One True Bitcoin, silly.
 

[Last of the V8s]

just waiting for you to read through to the many posts today where we trash your meh coin for the deceit lies viruses and tomfoolery that it showed today

oh and we forgot to mention how the fraudster Craig Wright is now firmly associated with bitcoin trash.
and that Peter R still doesn't understand that causation does not equal correlation or just about anything really

[Torque]

BCH has only 2 supporters - Jihan and Roger.

Either ignorant or a liar. Which whither?

Oh silly us, that's right. There's 3 including yourself.

[jbreher]

just waiting for you to read through to the many posts today where we trash your meh coin for the deceit lies viruses and tomfoolery that it showed today
https://i.imgur.com/vYqijia.jpg
oh and we forgot to mention how the fraudster Craig Wright is now firmly associated with bitcoin trash.
and that Peter R still doesn't understand that causation does not equal correlation or just about anything really

Hard for me to understand how a coin (i.e., an inanimate thing) might be capable of lying. Perhaps you could restate your point in other terms that are not non-sequiturs?

[suzanne5223]

Planning to buy more btc but not sure when is the right time. Looking for a dip . So far i bought in august at $3200 so already made some profit

I don't see any dip happening before the fork but the price will slightly dump sometime, mostly during the weekend which is the best time for you to buy if you really want to.

What do you think the price will be for the B2X fork?

I don't understand what you're trying to say.

[Last of the V8s]

just waiting for you to read through to the many posts today where we trash your meh coin for the deceit lies viruses and tomfoolery that it showed today
https://i.imgur.com/vYqijia.jpg
oh and we forgot to mention how the fraudster Craig Wright is now firmly associated with bitcoin trash.
and that Peter R still doesn't understand that causation does not equal correlation or just about anything really

Hard for me to understand how a coin (i.e., an inanimate thing) might be capable of lying. Perhaps you could restate your point in other terms that are not non-sequiturs?

grow up and face the music. sure it's not Shakespeare to conflate a coin with its supporters. you're a coward feigning ignorance and you support liars, thieves, fraudsters and so on and so forth.
why let Roger etc spout these lies? why allow a virus in his shop? why side with fake satoshi?
also this tosser https://en.wikipedia.org/wiki/Calvin_Ayre this ridiculous bot https://twitter.com/Lananguyen92 this sad sate of affairs
Measuring maximum sustained transaction throughput on a global network of Bitcoin nodes
PRESENTER(s):
Peter Rizun, Andrea Suisani, Andrew Stone (Bitcoin Unlimited)
https://scalingbitcoin.org/event/stanford2017#schedule

run for your life and money don't defend these sleazes please

[LewisPirenne]

https://twitter.com/DimaDubina/status/920258769564528640
Somebody just: 1) Made 2 huge blocks filled with 150 mil $ 2) pumped Bcash, doubling its volume from 150 to 300 mil 3) Stopped mining Bcash
So that nobody can transfer their Bcash to exchanges to dump this shit. Very clever! And fucked up.
This is exactly what centralized crypto looks like
Screenshot made at 14:58, 3 hours since last block
@Whalebearbull 13m13 minutes ago
And I was about to buy a fuckzillion antminers and they're only taking bcash

Actually it's kind of scary watching what's happening in BCH.  That Mysterious Miner (who already control 80~85% of hashrate when it's unprofitable to mine the BCH chain and 40%+ hashrate when it's profitable https://cash.coin.dance/blocks ) apparently "fell asleep" again a day ago or maybe he is just trying to trigger the EDA after mining at 40~50% loss for days.

As the 30% BCH pumping will make BCH more profitable to mine, there is a risk that EDA is going to be triggered at the same time, causing 3+ Exahash worth of hashrate to jump in again and strip-mine BCH to death at 1 block per minute.  So apparently someone just call up their buddy at BTC.TOP and say, "Hey, can you get some of your 1.5 Exahash over to BCH chain for an hour, so that EDA does not get triggered?  Oh, and I got 500K BCH that I want to move as well, kind of hard to do that when there are only 2 blocks in the last 8 hours."

Once a minority chain has only 5% of hashrate AND 5% of marketcap, things start to get really hairy for the small guys.  Weren't these people around during the Terracoin fiasco?  Or do some of the painful lessons have to be re-learn again?

[podyx]

Any news came out? - $100 in like 5 minutes

[Nam3]

Any news came out? - $100 in like 5 minutes

Not that I know of. I'm finding good resistance level at 5,500. Hopefully, it won't go below that.
Edit: 5,500 gone New 24 hour low on finex is 5,473

[Bitcoinaire]

Look out below.......

[JayJuanGee]

don't forget, the bottom of the big channel is $3600 still

Don't hold your breath waiting for that price...   

Oh, I'm not Jay.  The macro trend is still parabolic, even in log scale, so the real channel may well already be steeper than that.  Also, it is already quite steep and there is absolutely no guarantee that we will retest it's bottom any time soon so, of course, the longer that takes the higher it will be.

With all the forking idiocy and whatnot though, it is still a line to keep in the back of your mind.

Fair enough.  I agree that it is good not to rely too much on technical analysis, either.. but surely we have upside and downside possibilities and probabilities, and surely if price starts going down and breaking through support, then lower levels of correction become more and more possible and probable.  Currently I reset my plans a little bit to always have orders preset for a 50% correction - however, the last time when prices corrected down to $2970 (which was a 40% correction), I was scrambling a bit to figure out my orders if prices were to drop further - i had an outline of a plan to be able to buy down to $1k - but I had a bit of cashflow issues regarding how quickly we had gotten to the 40% correction level and I would have felt a bit better to have such buy order preparations down to 50% in order that I would not have had to scramble as much at that time.  so now I have fixed that issue.. even though it seems that we should be going up first before experiencing another 30% or more correction.. sure a 10% or 15% correction.. and sure, I am not going to completely rule out 40%, even now, but we gotta be prepared for up, too... maybe into the $6800 to $7800 arena...? (INCOMING!!!)...   so I agree with you that if we only think about UP, then we are likely to get fucked, too... or at least miss out on some ability to take advantage of ongoing volatility that is even of the against the trend type.

I have it only difficult with the upside in planning (sell orders) and executing the strategy (well actually, the tactics of it).

I would think that the upside would be the easier of the tactics, no?  Sure the situation is different if you have already established a decent position of if you are still establishing a position - however, no matter what you do for either upside or downside, you don't want to run out of fiat or BTC... if the price goes down, you continue to buy and if  it keeps going down you continue to buy.. so you have to ration your buys.... Let's take for example the correction from $4980 to $2970, that was a 40% correction that took a couple weeks to play out.  Of course, none of us knew when the price would stop going down, so you needed to continue to buy on the way down and continue to have money, maybe even if there would have been a 75% or more correction.... which is even harder but should be part of the plan to keep on buying.


We can take the example of the late august price going from $2650 to $4980 (that was a 85% pump in a very short period of time).. .similar issue..  you gotta sell on the way up, but don't run out of bitcoin.. and maybe still have a decent stash of BTC when the price has doubled -- you cannot know if the price would have kept going up, but I think it would have been bad to be left with less than 50% of your stash... My stash was about 90% by the end of that price explosion.. but still having 70% or 80% of your stash at the end of that upwards price run may have been reasonable, too.

[RoomBot]

If you have a US social security number you're screwed. I keep telling my sister to never ever marry her boyfriend, he has dual US-French citizenship, a financial libility of epic proportions.

Totally off-topic but true.

They need to reissue all SSNs on a blockchain!

There.

Back on topic.

[LewisPirenne]

Totally off-topic but true.
They need to reissue all SSNs on a blockchain!
There.
Back on topic.

I thought the whole point of having Social Security on blockchain is to roll out Universal Basic Income, i.e. "QE for the people"?
You can even have "Demurrage" feature like the good old Freicoin .  So you are forced to spend your monthly airdropped coins or have your money evaporate into thin air right in front of your eyes.  This would be a Keynesian wet dream.  

[RoomBot]

just waiting for you to read through to the many posts today where we trash your meh coin for the deceit lies viruses and tomfoolery that it showed today

oh and we forgot to mention how the fraudster Craig Wright is now firmly associated with bitcoin trash.
and that Peter R still doesn't understand that causation does not equal correlation or just about anything really

NAILED IT!

"BitcoinTrash"

https://bitcointalk.org/index.php?topic=2068349.msg23163435#msg23163435

[JayJuanGee]

Yes we already know about the below linked announcement from Bitfinex, in essence, giving a near in the future date to suspend all services to USA peeps.


In the past nearly two years, I have been using Bitfinex, and even expanding my altcoin exposure, due to some of the alts that had been traded on their platform, and maybe I had become too confident.

 I bought a few alt coins on their platform, but I did not create any means to store the coins in other places, and usually my preference would be to have more than one liquidation mechanism, but maybe I got lazy with some of my Bitfinex holdings?

Anyhow, in the past couple of days, I had been engaged in some preparatory measures to be able to easily and quickly remove all of my assets from their platform, and pretty much converting all of my dollars into bitcoin, which is much easier when the price had been moving around in the past couple of days, and therefore, I can quickly accomplish such conversion without really messing up my BTC/dollar allocations. 

Actually, a few hours ago, I pretty much finished up with my conversion of dollars into bitcoins, so my dollar and bitcoin holdings on the exchange had already fallen into place... maybe before the mad rush in the end that could happen to cause BTC/dollar prices to go up on bitfinex when it comes closer to their November 9 deadline.  I would imagine that they have quite a few USA peeps using their services - since they had been pretty english oriented and USD/BTC pair oriented, from their inception.

Also, my Ethereum, litecoin and BCash holdings on their exchange should not suffer any real problems, either, because I have alternative locations that I can transfer those coins without having to rush my conversion on someone else's timeline (bitfinex kicking out USA peeps and causing some liquidations, perhaps?).

So, one of my problems, currently with my Bitfinex holdings relates to my Ethereum Classic holdings and my Monero holdings. I don't have any other wallet or exchange or location in which I can hold such coins. For the purpose of just managing those two coins, I am thinking about opening either a Poloniex account or a Kraken account.. In that regard, I am thinking that I have to have a means to liquidate them quickly and easily, if I so choose.. . 

Having a quick and easy liquidation mechanism has always been important for me in any of my crypto, and surely over the years, my bitcoin options have increased so much that liquidation channel considerations has become nearly a non-issue.

Does anyone have a better suggestion with either ETC or Monero, or better exchanges? or perhaps some wallet that supports both ETC and Monero - however, no matter, even if I put these coins in a wallet, I am going to find at least one comfortable exchange that I am going to need to establish an account.

I have both the ledger nano s and the trezor and neither of those wallets support either ETC or Monero.


https://www.bitfinex.com/posts/227

>>>>>>>>>>October 16, 2017
This message is further to our announcement of August 11, 2017, with respect to terminating our business with U.S. individual customers. As indicated in the announcement, we are terminating trading, deposits, and withdrawal functionality for U.S. individual customers by no later than November 9, 2017. U.S. customers are already barred from receiving financing from other users on Bitfinex’s peer-to-peer financing platform. This restriction will remain and, in addition, U.S. individual customers will no longer be able to provide financing on Bitfinex effective November 9, 2017.

All U.S. individual users must make arrangements to withdraw their Digital Tokens by November 9th.

U.S. individuals holding Recovery Right Tokens (RRTs), if any, which relate to the exchange of now-defunct BFX tokens to equity in iFinex Inc., may, starting on October 27, 2017, sell all of their RRTs on the exchange, if they so elect. This is an exception to the general terms of use for RRTs. U.S. individuals are not permitted to buy RRTs during this time period. All terms and conditions relating to the sale of any RRTs remain in full force and effect and are deemed to apply to the sale of any RRTs by U.S. individuals or otherwise. Any RRTs remaining in the hands of U.S. individual verified customers after the November 9th deadline may be sold through Bitfinex on an OTC basis through special arrangement with us.<<<<<<<<<

[bones261]

So, one of my problems, currently with my Bitfinex holdings relates to my Ethereum Classic holdings and my Monero holdings. I don't have any other wallet or exchange or location in which I can hold such coins. For the purpose of just managing those two coins, I am thinking about opening either a Poloniex account or a Kraken account.. In that regard, I am thinking that I have to have a means to liquidate them quickly and easily, if I so choose.. .  

     Poloniex is OK, but there is no option to withdraw or deposit fiat via wire transfers, AFAIK. (Only USDT, tether) Furthermore, they have margin lending. XMR is one of the coins you can lend. But not ETC.
     I have little experience with Kraken, but the word from the grapevine is that their interface can be particular slow/unresponsive at times: more so than other exchanges.
     Bittrex is OK too, but AFAIK, I think they also do no have wire transfer options. Plus, there is some controversy as of late because there was a major dump on most of their alts in a short time; and they are doing a "security audit" that has locked quite a few people's accounts. Furthermore, if you have a dynamic IP, it may be a bit of a hassle to log in.

[yefi]

Dark Matter doesn't exist. It's basically all filaments of hot, diffuse gases.

https://www.newscientist.com/article/2149742-half-the-universes-missing-matter-has-just-been-finally-found/

The filaments of gas account for normal mass that was missing in the standard model. If anything, this strengthens the case for dark matter.

Poloniex is OK,

Poloniex is not OK. Their support is virtually non-existent - there are folks waiting on tickets for 3, 4, 6 months. Getting verified is the same. I'm reducing my exposure to that place every day.