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

[fragout]

https://twitter.com/SatoshiLite/status/921701035491573761

Charlie Lee [NO2X]‏
@SatoshiLite

My trade with Roger Ver is all set. Here are the terms we agreed to. Let the chips fall where they may! 🚀

Stubborn man and stupid in this case. Charlie can hedge the bet for 32btc on the 2x futures market

[Torque]

https://twitter.com/SatoshiLite/status/921701035491573761

Charlie Lee [NO2X]‏
@SatoshiLite

My trade with Roger Ver is all set. Here are the terms we agreed to. Let the chips fall where they may! 🚀

I guess that everyone in the community continues to just ignore the FACT that Roger Ver first said the Bitcoin Unlimited was THE REAL Bitcoin. Then when that failed, he said the same thing about Bitcoin Cash. Now that he has discarded both of those, I guess he's moving on to Seg2X as THE REAL Bitcoin? I'm sure when that fails, he'll move on to another fork as THE REAL Bitcoin.

Why is anyone feeding this Narcissist's supply again? That's what they want and crave btw, constant attention.

[savetherainforest]

is this the s-curve take off?

a) 6800$ (bearish)!

b) 7400$ (conservative)!

c) 8100$ (bullish)!

pick one!

[klondike_bar]

https://twitter.com/SatoshiLite/status/921701035491573761

Charlie Lee [NO2X]‏
@SatoshiLite

My trade with Roger Ver is all set. Here are the terms we agreed to. Let the chips fall where they may! 🚀

Stubborn man and stupid in this case. Charlie can hedge the bet for 32btc on the 2x futures market

its a relatively clever/fair agreement actually, since the trade will only occur if the segwit2x chain mines 100 blocks. (without an EDA mechanism). If sw2x fails to gain traction on flagday it might not see more then 20-50 blocks mined before everyone essentially abandons back to sw1x. Its tough to see that chain reaching 100 blocks without bringing substancial support on day 1, and if it gets that support then theres a reasonable chance the rest of the network could follow suit.

it at least offers Ver more safety than a day1 trade would

[JimboToronto]

Just googled "bitcoin price" to check the news and the number $7777 (CAD) slapped me in the face.

Lucky or what? 

[_javier_]

is this the s-curve take off?

very first take off..

[lightfoot]

The train just keeps on a-rolling...

[klondike_bar]

im not seeing many people calling top on this yet, so i think I will:  $6225

I think weve gotr one more push of ~$100 to hit a new ATH, then we see some corrective action down <$5700 and consolidation in the $5800-6000 range while waiting for either a reason to rally (good news/continued buying) or crash (FUD. china banned us again?)

[gentlemand]

im not seeing many people calling top on this yet, so i think I will:  $6225

I think weve gotr one more push of ~$100 to hit a new ATH, then we see some corrective action down <$5700 and consolidation in the $5800-6000 range while waiting for either a reason to rally (good news/continued buying) or crash (FUD. china banned us again?)

I think it's mainly, and wrongheadedly, to do with all this fork shit. People want their freebies even though it'll probably cancel whatever benefits there are out. Once that's out the way the price will fall back.

[BitcoinNewsMagazine]

im not seeing many people calling top on this yet, so i think I will:  $6225

I think weve gotr one more push of ~$100 to hit a new ATH, then we see some corrective action down <$5700 and consolidation in the $5800-6000 range while waiting for either a reason to rally (good news/continued buying) or crash (FUD. china banned us again?)

I think we still have a ways to go. The last two ATHs coincided with weekly RSI over 95. This week RSI is only 79.49. The next two Fibonacci extension levels to watch closely for topping behaviour are $7079 and $11360.

[conspirosphere.tk]

Here's another one for a top before 6800. But what's even more interesting is where the next drop is expected to fall:

[bitcoinPsycho]

█▀▀ █▀▀█ █▀▄▀█ █▀▀█
█▀▀ █░░█ █░▀░█ █░░█
▀░░ ▀▀▀▀ ▀░░░▀ ▀▀▀▀
bull run

[Torque]

I remember Coinbase hitting 10M accounts like 4-6 weeks ago.

I just checked again and, holy crap, they're up to 11.3M accounts. That's 1.3M accounts added since. 

[Last of the V8s]

[Icygreen]

is this the s-curve take off?

I don't think bitcoin has even left the runway yet.  When gold shops in SE Asia start accepting Bitcoin in exchange for fiat, that will be the boarding call.

[Wekkel]

Here's another one for a top before 6800. But what's even more interesting is where the next drop is expected to fall:

Ending too soon. It will only become tricky once BTC price doubles in 1 week. Wait for it 

[Torque]

is this the s-curve take off?

I don't think bitcoin has even left the runway yet.  When gold shops in SE Asia start accepting Bitcoin in exchange for fiat, that will be the boarding call.

Yeah, for some reason I'm feeling like we're still 3-5 years away. Financial institutions and other companies haven't capitulated and started integrating Bitcoin payments and services yet. That's when you'll know it's happening. It happened that way with the Internet (yr 1995 - still an obscure niche geek hobby thing, yr 2000 - it was an exploding white collar tech industry).

Also, the public has to firmly leave all these stupid contentious fork attempts behind, and just ignore them. Industry won't touch Bitcoin until there is majority public consensus around that. Same with alt coins and tokens, eventually they need to be regarded by the public as the garbage penny stocks they are.

Again, that all happened with the open Internet when private corporate Intranets eventually failed and got left in the dust.

[Icygreen]

is this the s-curve take off?

I don't think bitcoin has even left the runway yet.  When gold shops in SE Asia start accepting Bitcoin in exchange for fiat, that will be the boarding call.

Yeah, for some reason I'm feeling like we're still 3-5 years away. Financial institutions and other companies haven't capitulated and started integrating Bitcoin payments and services yet. That's when you'll know it's happening. It happened that way with the Internet (yr 1995 - still an obscure niche geek hobby thing, yr 2000 - it was an exploding tech industry).

Also, the public has to firmly leave all these stupid contentious fork attempts behind, and just ignore them. Industry won't touch Bitcoin until there is majority public consensus around that. Again, that happened with the Internet when private corporate Intranets eventually failed and got left in the dust.

Yep, it feels like 1995 (niche geeks and their bitty coin haha)  I'm leaving for my winter home in Vietnam in 2 weeks and I'll be asking all the money exchanges if they accept Bitcoin. I think its only a matter of time.
Good point on forks and alts although I'm not sure it will take 3-5 years. People will probably wise up a lot faster this time because of the internet and speed in which people follow trends.

[gembitz]

https://twitter.com/SatoshiLite/status/921701035491573761

Charlie Lee [NO2X]‏
@SatoshiLite

My trade with Roger Ver is all set. Here are the terms we agreed to. Let the chips fall where they may! 🚀

i'm going to laugh when 2mb blocks start printing :-D weeeee

[pfrtlpfmpf]

 I think, theres no TA applicable here, it`s all emotions, for the moment .