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

[gembitz]

For the first time ever, bitcoin is now looking like a bubble to me as well. Its value shouldn't have been like this till at least the start of next year. $7500 in 2017? We're in a little bubble now, I guess.

I'm expecting some bad news now actually, pushing its value back to $5000...

correcting UP^ bitcoin new target>.>$12,OOOx$15,OOO+ confirmed!! #trusted_legendary

[1714027028]

1714027028

[Meuh6879]

http://www.zerohedge.com/news/2017-11-04/chinas-bitcoin-exchanges-are-shifting-otc-business-model

[FractalUniverse]

Its getting into nice accelerating parabolic phase.
any shorts attempts can get margin called quickly accelerating it further. This beast can still move up thousands of dollars within few days or "correct" from here.
Its hard to guess,but my bet is its going to get close to 10k at least -because parabolas dont usually end with long sideways move or slow retrace..
Any outcome will be interesting for sure

[gembitz]

Its getting into nice accelerating parabolic phase.
any shorts attempts can get margin called quickly accelerating it further. This beast can still move up thousands of dollars within few days or "correct" from here.
Its hard to guess,but my bet is its going to get close to 10k at least -because parabolas dont usually end with long sideways move or slow retrace..
Any outcome will be interesting for sure

BTCBTC soon>.>~$12,OOO per trusted sources weeee

[JayJuanGee]

I dunno about you guys, but I'm totally cool with Bitcorn sorta hanging out and consolidating where it's currently at. For a day at least... then resume moonshot...

What you are suggesting is almost an impossible scenario.

There is too much excitement, currently, and the most likely direction is up.

Sure, of course it could consolidate, but it generally is not going to consolidate at the top of a wave...


Maybe if it goes down 10% or so, then it could consolidate 5% below the wave, perhaps?  But just does not seem like consolidation is in the cards at the moment.

[B1tUnl0ck3r]

ATH @ Kraken!

6400 €

very nice picture!!!

[sirazimuth]

back in the olden days, many crypto years ago,
we used to post pics of rockets and moons and roller coasters when it was ATH.
ah yes..memories! ..those were the days!!
 (mind you, one crypto year = about one week in real time... you know, sorta like "dog years" but even more so)

oh wait a minute....nm!!

[TheFlynn49]

http://imagize[Suspicious link removed]ageshack.us/a/img922/7277/S0gOa3.png

http://www.zerohedge.com/news/2017-11-04/chinas-bitcoin-exchanges-are-shifting-otc-business-model

Hmm, seems to me that exchanges in Yuan increased since their interdiction ...
making sense I guess.

[JayJuanGee]

 But what drives this - is it simply because Core is THAT hated?  

This is a stupid-ass assertion.

"core is THAT hated" is a bunch of made up shit.

These guys are so full of shit that they would fabricate some stupid ass hate against anyone  - even if "core" were the diety of satoshi himself.

By making these kinds of attempts to redefine bitcoin - and attempting to suggest that they are the "original vision" - just hoping and praying that the network follows over to some redefinition that is supposedly "the original vision"... ... does not seem too likely to happen, even though there are various BIG players who seem to be inclined to go along with such  supposed attack vector that would, like you said, likely kill the golden goose if any bunch of nutjobs can just go in and thereafter create some kind of scenario that causes them to be the "longest chain" and without having the real umph of bitcoin - which is that it needs to be difficult to change - and that is not a comment on the rogueness of Core, but instead a comment that core is not centrally controlled and even this supposed fabricated concept of core members cannot really affect the direction of bitcoin without first achieving some kind of meaningful (rather than fantasy fabricated) consensus.

[sirazimuth]

5 consecutive days with an ATH.

 

[vortex1878]

I found a bug at Bitfinex that is making them micro money. Nothing big, but still...
Any advice how to handle this?
Thanks in advance.

[lightfoot]

just hooked up my old asicminer block erupter USB sticks and started running them again. pretty sure i won't make a cent, but screw it.

course two hubs seemed to have died on me... 13 sticks not running.

this, of course, means the price will tank.

Indeed. People are sending me A6's for repair. Actually pretty nice little miners, quiet and respectable.

$7500 a bitcoin is just.... wow.

C

[FractalUniverse]

I found a bug at Bitfinex that is making them micro money. Nothing big, but still...
Any advice how to handle this?
Thanks in advance.

just contact support: https://www.bitfinex.com/support

[conspirosphere.tk]

But a wildcard that I'm expecting is the implosion of Finex.

What the fuck is this?  A complete conspiracy?  Do you have any evidence at all that this is likely beyond pure speculation that Bitfinex is getting BIG again?

By the way, Bitfinex has to have a bit of confidence in their solvency and even their attempt to run a legitimate business since they had the balls to kick out all of the USA customers, including yours truely.  Maybe you are going to assert that I am naive, but if Bitfinex truely wanted to exit scam us, wouldn't they have already done it?  They weren't ready to exit scam us, so now they are building up business in order to exit scam us on their own convenient time line? 

Come on!!!

[insert jim carey "come on meme" here, with the water spitting part]

"Solvency" sounds funny when their banking relations are top secret (if they still have any), and they rely on that tether thing with funny clauses sounding as the opposite of solvency.


I recommend a couple of articles on medium by @bitfinexed. For me, they actually scammed me when they "got hacked" and monetized the theft (!) after falsely assuring their clients that their wallets were in cold storage (!), so I am out of there since then, but since apparently it's full of people looking to be goxxed twice or more by the same entity they're going on. And given such questionable reputation the fact that they are now the biggest exchange smells to me like some kind of fakery.

BTW it takes no balls at all to kick out US customers. Quite the contrary.

[arklan]

just hooked up my old asicminer block erupter USB sticks and started running them again. pretty sure i won't make a cent, but screw it.

course two hubs seemed to have died on me... 13 sticks not running.

this, of course, means the price will tank.

Indeed. People are sending me A6's for repair. Actually pretty nice little miners, quiet and respectable.

C

any advice where i could get a couple powered hubs at a decent price? amazon and best buy didn't really have anything i trusted for anything i could afford.

[sirazimuth]

I found a bug at Bitfinex that is making them micro money. Nothing big, but still...
Any advice how to handle this?
Thanks in advance.

blackmail? 

.... just kidding

[vortex1878]

I found a bug at Bitfinex that is making them micro money. Nothing big, but still...
Any advice how to handle this?
Thanks in advance.

blackmail? 

.... just kidding

Not my style as I am an honest person (except for my day job that forces me not to be, hopefully those days are over soon...), but would not mind making some money out of that to be honest... 
If I open a support ticket, it would not even be visible anymore - at least that is what happened to a recent support ticket of mine...

[lightfoot]

any advice where i could get a couple powered hubs at a decent price? amazon and best buy didn't really have anything i trusted for anything i could afford.

Ebay used to have a bunch being sold for pennies on the dollar, but to be honest just stick a few in the sides of your laptop and use them to warm your hands.

I wonder though what the minimum efficiency is for a profitable miner. S9's used to be it, but others may be coming back into vogue. (Where is that Block Erupter.....)

[itod]

There's an aspect not much thought about - difficulty adjustment is going to be very inconvenient regarding S2X activation:
- Estimated Next Difficulty adjustment: After 821 Blocks, About 8.6 days
- SegWit2x Activation Countdown Timer: 11d 16h
This means next difficulty adjustment will be almost exactly 3 days before the fork. If we suppose mining power split somewhere along the half/half lines, the adjustment after that will come not after 14 days as it should, it will realistically be somewhere around (14 - 3)  * 2 + 3 days = 25 days, somewhere around December 11th. It would be much better if the difficulty adjustment is three days after the fork, not three days before.

[sirazimuth]

any advice where i could get a couple powered hubs at a decent price? amazon and best buy didn't really have anything i trusted for anything i could afford.

 good lord! with btc at this price?
sell  a couple of millibits..you can afford it!