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

[bitcoinPsycho]

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

$8k USD/BTC by end of November.

$12k will not surprise me

bring it on

[Vin]

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

$8k USD/BTC by end of November.

$12k will not surprise me

bring it on

Attack!

[Heater]

I am thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.

[marcus_of_augustus]

https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/?ncid=mobilenavtrend

One high-profile company impacted is Polkadot, a project to link private-public blockchains that raised over $140 million in a token sale and was started by Parity co-founder Gavin Wood. Polkadot confirmed its wallets have been frozen and TechCrunch understands that 60 percent of its ICO raise is potentially affected.

I guess in this instance the dog is getting to eat his own vomit ...

[Heater]

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

How the hell are you making these perfect predictions???

[Heater]

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

How the hell are you making these perfect predictions???

7300 Confirmed!

[arklan]

I thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.

Now that it's a scenario I can see happening.

[Paashaas]

derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.

https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/

Comment a bit below

07/Nov/2017 @VitalikButerin on brink of second bailout for dumb contracts

LOL?

I'm not suprised to see this happening. ETH looks great on paper but is a huge mess.

Rootstock and simplicity offers a much more solid smart contracts solution. Rootstock comes to Bitcoin after the 2x shitshow is over.

[ragnar0k]

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

How the hell are you making these perfect predictions???

Seriously dude, I need your crystal ball for lambo purposes.

[Rosewater Foundation]

https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/?ncid=mobilenavtrend

One high-profile company impacted is Polkadot, a project to link private-public blockchains that raised over $140 million in a token sale and was started by Parity co-founder Gavin Wood. Polkadot confirmed its wallets have been frozen and TechCrunch understands that 60 percent of its ICO raise is potentially affected.

I guess in this instance the dog is getting to eat his own vomit ...

The new Constantinople upgrade should unfreeze these funds. Too bad, having that many tokens off the market could have been bullish for them; were it not for the meddling of their pesky benevolent dictator.

[nanobtc]

<snip>

Were you around when Linux was first taking off in the early 2000s? Literally, fly-by-night shoddy companies were popping up everywhere with their own proprietary Linux kernel versions and their own flavors of Linux. Everyone claiming to be the "one true Linux" and trying to take over the core Linux dev team. FUD about Linus Torvalds dev team was constantly flying, chaos was everywhere. HP, Microsoft and Apple were scared shitless, and eventually lost the server market (but sort of "won" the desktop).

All the late comers and crap devs/hacks eventually failed. Open Source Linux kernel eventually reigned supreme.

I don't see all this Bitcoin fork crap as any different. History repeats.

Yes, I was. I erased my last FAT32 partitions for Redhat in 1999. Remember the Santa Clara Operation (SCO Linux)? The lawsuit with Novell? It was pretty much the last gasps of the old school trying to compete with the new.

Sort of like now.

[jbreher]

Also, dont listen to Jbreher, he just a bigblocker who loves centralization while copy pasting all kind of stuff.

Well, that is just a funny assertion.

I'll admit to being a 'bigblocker', whatever that is (when S1X can consume 4MB for 1MB worth of transactions, is that a 'bigblocker'? somehow no).

But 'loves centralization'? Make the case - put up or shut up. For you are wrong.

'Copy pasting'? I challenge you to find a handful of sentences I have copy pasted. Really, fuckface* - find the evidence and post it.

* stated in the most loving manner. Well, the most deserving of someone who randomly asserts false crap about me. Fuckface.

[Rosewater Foundation]

<snip>

Were you around when Linux was first taking off in the early 2000s? Literally, fly-by-night shoddy companies were popping up everywhere with their own proprietary Linux kernel versions and their own flavors of Linux. Everyone claiming to be the "one true Linux" and trying to take over the core Linux dev team. FUD about Linus Torvalds dev team was constantly flying, chaos was everywhere. HP, Microsoft and Apple were scared shitless, and eventually lost the server market (but sort of "won" the desktop).

All the late comers and crap devs/hacks eventually failed. Open Source Linux kernel eventually reigned supreme.

I don't see all this Bitcoin fork crap as any different. History repeats.

Yes, I was. I erased my last FAT32 partitions for Redhat in 1999. Remember the Santa Clara Operation (SCO Linux)? The lawsuit with Novell? It was pretty much the last gasps of the old school trying to compete with the new.

Sort of like now.

Bizcoin supporter detected? This is exactly something Jeff Garzik would say. hmm

[lightfoot]

Back to 7350 or so. Yawn.

[madbyte]

I am thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.

Not sure how people even think $2k is even possible anymore. By end of 2017 btc will have hit at least 10k once.

[gwoplock]

I thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.

Now that it's a scenario I can see happening.

I never thought about that. I do think there will be a lot of selling before the fork, so exchanges could have coins due to that.

[Rosewater Foundation]

[Heater]

I am thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.

Not sure how people even think $2k is even possible anymore. By end of 2017 btc will have hit at least 10k once.

The biggest wall on Bitstamp is at $2k  ~$8m

Edit:

[jbreher]

derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.

https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/

That's funny. Not funny - haha. Funny - sick.

These ethtards just can't resist destroying the fundamental 'value' of their coin, can they?

Pikers.

[jbreher]

07/Nov/2017 @VitalikButerin on brink of second bailout for dumb contracts

Put it in the next coin's genesis block!