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

[Torque]

Very true. We can be excited for what appears like more adoption and a subsequent price increase. But what we don't ever know is if the current price truly reflects a public buying demand or not. In 2013, it did not. Which is only something that you can see in hindsight, after a downturn and a subsequent bear market begins.

The value of transactions is going up - but that does not reflect the fact that adoption "appears" to grow - as the price of BTC is going up the value of transactions is increasing naturally. Using the moving average of the number of transactions, there is no "greater trend of adoption" visible: https://blockchain.info/charts/n-transactions-per-block?daysAverageString=7

So my question would be: how do we judge adoption in main stream societies?

That's difficult at Bitcoin's very early stage right now. Not much mercantile stuff going on yet with bitcoin.

So my thought is a simple one. I can look at the growth of bitcoin related accounts across the world, and simply refuse to believe that the majority of these new "adopters" are just day traders looking to make a quick buck. In my book buying and hodl-ing IS a form of adoption, but trading for more fiat really isn't.

[BTCMILLIONAIRE]

https://halongmining.com

A new ASIC manufacturer might be on the horizon.

I might be wrong, but I believe there was a new one in Japan as well?

[gentlemand]

I might be wrong, but I believe there was a new one in Japan as well?

I think that's been declared but absolutely nothing else so far. They're starting researching. This one exists.

[Coinnosaurus]

https://halongmining.com

A new ASIC manufacturer might be on the horizon.

or another scam company .. why the comments are  disabled on their yt channel?

[jonoiv]

it wont die but it wont be number one.  and if you think segwit is a solution you need your head read.

call me what you want but i would not recommend to buy bitcoin now to friends and family.  its a long way down and regular first time investors will pay the price again, as the bitcoin mafia buy some more castles.

You might be hero or whatever but
- if you think people will choose features over the name/branding, then you know nothing about marketing
- if you think finance will choose innovation over stability and recognition, then you know nothing about finance

Sorry dude, I think you are misguided

Yer hero, jr member means nothing, you're right.

I could be misguided, I'm not pretending to be the oracle.  Just there is no way on this earth i would recommend buying bitcoin at this time.  

I'm 95% that the bear market has just started. and it will be red candles for a long while.

[gentlemand]

or another scam company .. why the comments are  disabled on their yt channel?

Could well be. Considering the appetite for non Bitmain it would be a fine scam to run. Let's wait and see.

[Coinnosaurus]

or another scam company .. why the comments are  disabled on their yt channel?

Could well be. Considering the appetite for non Bitmain it would be a fine scam to run. Let's wait and see.

It's 100% scam, the design is similar to S9/S7 he just replaced the sticker and made a fake stat

[jonoiv]

it wont die but it wont be number one.  and if you think segwit is a solution you need your head read.

My one and only point is no one knows anything. Anyone making black and white moves based on their self declared dead cert predictions is more than likely going to get their arse handed to them.

There are more than enough examples of that on this very forum.

You are right, i have to agree with that sentiment,  but this is just my best guess of the current situation.  

Wrong or right, im just saying in my opinion the future of bitcoin is not as rosey as people want to believe.

[ragnar0k]

it wont die but it wont be number one.  and if you think segwit is a solution you need your head read.

call me what you want but i would not recommend to buy bitcoin now to friends and family.  its a long way down and regular first time investors will pay the price again, as the bitcoin mafia buy some more castles.

You might be hero or whatever but
- if you think people will choose features over the name/branding, then you know nothing about marketing
- if you think finance will choose innovation over stability and recognition, then you know nothing about finance

Sorry dude, I think you are misguided

Yer hero, jr member means nothing, you're right.

I could be misguided, I'm not pretending to be the oracle.  Just there is no way on this earth i would recommend buying bitcoin at this time.  

I'm 95% that the bear market has just started. and it will be red candles for a long while.

I also expect red candles in the coming months, but you are pushing it too far I think. Seems to be getting common amongst people that were there since the beginning, probably because you have seen an MtGox and you are terrified.
Did you sell your BTCs?

[Torque]

or another scam company .. why the comments are  disabled on their yt channel?

Could well be. Considering the appetite for non Bitmain it would be a fine scam to run. Let's wait and see.

It's 100% scam, the design is similar to S9/S7 he just replaced the sticker and made a fake stat

I don't think it would be that hard to clone the S9/S7. Do they have any design patents?

[fluidjax]

it wont die but it wont be number one.  and if you think segwit is a solution you need your head read.

call me what you want but i would not recommend to buy bitcoin now to friends and family.  its a long way down and regular first time investors will pay the price again, as the bitcoin mafia buy some more castles.

You might be hero or whatever but
- if you think people will choose features over the name/branding, then you know nothing about marketing
- if you think finance will choose innovation over stability and recognition, then you know nothing about finance

Sorry dude, I think you are misguided

Yer hero, jr member means nothing, you're right.

I could be misguided, I'm not pretending to be the oracle.  Just there is no way on this earth i would recommend buying bitcoin at this time.  

I'm 95% that the bear market has just started. and it will be red candles for a long while.

I also expect red candles in the coming months, but you are pushing it too far I think. Seems to be getting common amongst people that were there since the beginning, probably because you have seen an MtGox and you are terrified.
Did you sell your BTCs?

He got 'wiped out' a few years back predicting that the  market was going to go down.

Question is, whats his motivation now or is it a  hacked account?

[ragnar0k]

He got 'wiped out' a few years back predicting that the  market was going to go down.

That explains

[jonoiv]

it wont die but it wont be number one.  and if you think segwit is a solution you need your head read.

call me what you want but i would not recommend to buy bitcoin now to friends and family.  its a long way down and regular first time investors will pay the price again, as the bitcoin mafia buy some more castles.

You might be hero or whatever but
- if you think people will choose features over the name/branding, then you know nothing about marketing
- if you think finance will choose innovation over stability and recognition, then you know nothing about finance

Sorry dude, I think you are misguided

Yer hero, jr member means nothing, you're right.

I could be misguided, I'm not pretending to be the oracle.  Just there is no way on this earth i would recommend buying bitcoin at this time.  

I'm 95% that the bear market has just started. and it will be red candles for a long while.

I also expect red candles in the coming months, but you are pushing it too far I think. Seems to be getting common amongst people that were there since the beginning, probably because you have seen an MtGox and you are terrified.
Did you sell your BTCs?

He got 'wiped out' a few years back predicting that the  market was going to go down.

Question is, whats his motivation now or is it a  hacked account?

Got wiped out a few years ago predicting the market was going up.  if you want to read all my old posts go ahead.  I was leveraged trading on bitfinex when the FBI announced they would sell the silk road funds,  never sure what happened with that, but the market crashed on the news.  yer i got 2 margin calls in a row.

I was too bullish. learned a lot from that time.  I won't leverage trade again.   Invested in Siacoin and waited, back to where i was back then.

[fluidjax]

Got wiped out a few years ago predicting the market was going up.  if you want to read all my old posts go ahead.  I was leveraged trading on bitfinex when the FBI announced they would sell the silk road funds,  never sure what happened with that, but the market crashed on the news.  yer i got 2 margin calls in a row.

I was too bullish. learned a lot from that time.  I won't leverage trade again.   Invested in Siacoin and waited, back to where i was back then.

Sorry, my bad.
Do you think that's clouded your current judgement and made you over cautious?
With wall street coming, the bull market may have some way to go yet/

[jonoiv]

Got wiped out a few years ago predicting the market was going up.  if you want to read all my old posts go ahead.  I was leveraged trading on bitfinex when the FBI announced they would sell the silk road funds,  never sure what happened with that, but the market crashed on the news.  yer i got 2 margin calls in a row.

I was too bullish. learned a lot from that time.  I won't leverage trade again.   Invested in Siacoin and waited, back to where i was back then.

Sorry, my bad.
Do you think that's clouded your current judgement and made you over cautious?
With wall street coming, the bull market may have some way to go yet/

maybe i am over cautious.  but im bullish on other things at the moment just not btc.  Besides iv'e seen enough crashes to know when one is around the corner.

[ragnar0k]

Got wiped out a few years ago predicting the market was going up.  if you want to read all my old posts go ahead.  I was leveraged trading on bitfinex when the FBI announced they would sell the silk road funds,  never sure what happened with that, but the market crashed on the news.  yer i got 2 margin calls in a row.

I was too bullish. learned a lot from that time.  I won't leverage trade again.   Invested in Siacoin and waited, back to where i was back then.

Sorry, my bad.
Do you think that's clouded your current judgement and made you over cautious?
With wall street coming, the bull market may have some way to go yet/

maybe i am over cautious.  but im bullish on other things at the moment just not btc.  Besides iv'e seen enough crashes to know when one is around the corner.

Once btc passes 10k, even considering mining for other platform would be stupid. The only threat I can see is eth stacking, but nobody really knows what eth aim is

[fluidjax]

Got wiped out a few years ago predicting the market was going up.  if you want to read all my old posts go ahead.  I was leveraged trading on bitfinex when the FBI announced they would sell the silk road funds,  never sure what happened with that, but the market crashed on the news.  yer i got 2 margin calls in a row.

I was too bullish. learned a lot from that time.  I won't leverage trade again.   Invested in Siacoin and waited, back to where i was back then.

Sorry, my bad.
Do you think that's clouded your current judgement and made you over cautious?
With wall street coming, the bull market may have some way to go yet/

maybe i am over cautious.  but im bullish on other things at the moment just not btc.  Besides iv'e seen enough crashes to know when one is around the corner.

You may be right, only a fool would say there is no chance of a crash, but on the balance of probabilities I'd say we are still in bull territory, take a look a Coinbase new signups, still at all time highs this month with 50K/day.

https://docs.google.com/spreadsheets/d/1NgvD2kFT69mSXuJPzPDu-Qv9SS1ck2iPt6Kw9a55z0k/edit#gid=0

[sirazimuth]

or another scam company .. why the comments are  disabled on their yt channel?

Could well be. Considering the appetite for non Bitmain it would be a fine scam to run. Let's wait and see.

It's 100% scam, the design is similar to S9/S7 he just replaced the sticker and made a fake stat

A new BTC miner company that's exposed as a 100% scam website??
You don't say!
Gosh! That's never happened before has it?

[Lauda]

GDAX | Total bids: 81025309 USD. Total asks: 4620 BTC. Ratio: 17535.41799 USD/BTC. | Data vintage: 0.0509 seconds

Bitstamp | Total bids: 107988454 USD. Total asks: 2374 BTC. Ratio: 45474.82727 USD/BTC. | Data vintage: 0.2332 seconds

[Ibian]

it wont die but it wont be number one.  and if you think segwit is a solution you need your head read.

call me what you want but i would not recommend to buy bitcoin now to friends and family.  its a long way down and regular first time investors will pay the price again, as the bitcoin mafia buy some more castles.

You might be hero or whatever but
- if you think people will choose features over the name/branding, then you know nothing about marketing
- if you think finance will choose innovation over stability and recognition, then you know nothing about finance

Sorry dude, I think you are misguided

Yer hero, jr member means nothing, you're right.

I could be misguided, I'm not pretending to be the oracle.  Just there is no way on this earth i would recommend buying bitcoin at this time.  

I'm 95% that the bear market has just started. and it will be red candles for a long while.

I also expect red candles in the coming months, but you are pushing it too far I think. Seems to be getting common amongst people that were there since the beginning, probably because you have seen an MtGox and you are terrified.
Did you sell your BTCs?

He got 'wiped out' a few years back predicting that the  market was going to go down.

Question is, whats his motivation now or is it a  hacked account?

Butthurt. That's his motivation. Empty catharsis.