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

[gentlemand]

What the hell would you do all day?

Not pay tax.

[sirazimuth]

What the hell would you do all day?

Not pay tax.

where do I sign up?

[TERA2]

I see multiple people drawing logarithms on a logarithmic chart. Why dont you just find a different log base and have a line on the chart?

[criptix]

BTC EXPONENTIAL


(copyrighted in case a random guys wants to make a fork named after that)

[AlcoHoDL]

Bcash is pumping. Brace yourselves for battle...

Edit: Not as fast as I thought. Good! I hope Bitcoin holds...

[infofront]

Bcash is pumping. Brace yourselves for battle...

Edit: Not as fast as I thought. Good! I hope Bitcoin holds...

VerWu can't let BTC outgrow their baby too much.

They may still be big fish now, but when institutional investors really get onboard, VerWu will be minnows in the ocean.

[Heater]

Bcash is pumping. Brace yourselves for battle...

Edit: Not as fast as I thought. Good! I hope Bitcoin holds...

Those guys don't even know how to renew an SSL certificate. My advice is to stay away.

[bitserve]

So if you did live out on a floating oasis in the middle of nowhere,
whats the point of being rich? There's no where to spend your bitcoins is there?
What the hell would you do all day? You might as well buy one of those condos
on those wacking great big obscene cruise ships and endlessly float round the world
playing shuffleboard and baccaret and attend nightly Elvis Presly lookalike concerts or some such thing.
Of course then you'd have to deal with all the rich wrinklies....so maybe not...
 ...or am I missing something?

Uhhh, I don't know. That seasteading thing is not for me.  Even if they managed to live happily and in great harmony I prefer land over sea any time. No contest there for me. Also I think it would be more expensive than traditional lifestyle plus I would feel like living in the complete opposite of "freedom" for my taste... but I can understand that there are people with very different tastes.

Maybe they don't really intend to spend their whole time living on the seastead and it is just an excuse to avoid taxes. Donno, time will tell.

[windjc]

We are approaching the 9500$ target masterluc set a year or so ago as the top of this wave. Now I'm not sure if he has revised this (I think he has) but I would not be surprised to see a big correction at these levels.

Here is that graph: https://www.tradingview.com/chart/BTCUSD/MrwPhbog-Long-Term-Bitcoin-price-extrapolation/

He just posted again three hours ago reiterating his current forecast:

Where is the post from 3 hours ago? I can't find it.

[DARKHOLDER]

I think there is much more than 1M bitcoins lost.

Actually more than 4m btc lost...today see this  https://bitcointalk.org/index.php?topic=2460853.0

[infofront]

Where is the post from 3 hours ago? I can't find it.

https://vk.com/bitcoin_vanga

[DaRude]

Bcash is pumping. Brace yourselves for battle...

Problem with that, is that they're creating a hungry monster that needs to be fed daily! By design, the cost of generating new coins should be close to the value of those coins plus a small profit margin. By chasing BTC and pumping BCH they're also indirectly pumping their difficulty, or the daily cost to run the chain. About 1800 new coins per day at $1700, thats over $3MM REAL costs that need to be absorbed daily. Expensive hobby, the big question is how deep are their pockets and how long are they willing to keep this up?

[explorer]

I think there is much more than 1M bitcoins lost.

and when you google for these lost bitcoins stories most are really dated numbers in terms of value.
You literally have to multiply the reported value 15 fold making it even more "head shaking worthy." (for want of a better term)
So for example this familiar story
I'm sure most of the legendaries/heroes in here have heard about the
7500 bitcoins lost valued at over a reported $5 million then that are now worth around $70 million.
And this is just one story of many.
It's mind blowing when you think about it.

No one takes into account the dust left behind everywhere. 

I have one inaccessible wallet containing enough for a good night out year's salary.  The other one has only dust  enough for a really good night out.  Still only makes me smile and shake my head at my own stupidity.

To be revisited after the next batch of zeroes are handed out.   

[xxZeoXxx]

over 10k for me sure. just wait

[Logic-Elliven]

I haven't verified this, but it seems the whole CME listing thing may be BS?

China "news" comes out that it is shutting down exchanges. Partial selloff but not enough so what do we need. Let's see!

Jamie Dimon comes out and calls Bitcoin' a fraud, ok was the selloff part of normal pullbacks or did Jamie add to the degree. No one knows for sure, but one of JP Morgan's client's seemed to buy a crap load the day after the selloff. Hmmmmm Yes I know it wasn't JPM' themselves but you rub my back I rub yours!

We also saw Zcash announcing a partnering with JPM' to use their block chain technology. GREAT!! Yes and it's semi private. OOOPS JPM' in the news for money laundering. Maybe they should have partnered with XMR' (noticed the run it had as of late).

Then we get the news the CME' and the CBOE' are going to start trading bitcoin 6.16% futures! YEAH to the moon baby. It's happening in the 4th quarter right. I'm excited and was even more excited to see posted on the CME's website that futures start trading Dec 0.77% 10th! Yeah baby! I even called my broker to see if they will be handling them. Nope so I called another and setup and account there, as tradestation is going to allow bitcoin' futures trading! I'm ready to go! Wait where did the post on Dec 0.77% 10th go? OOOPS Laurie Bischel, spokeswoman for the exchange said the original posting "WAS DUE TO AN ERROR WITH THE WEBSITE". HUH. You mean your not starting to trade futures Dec 0.77% 10th, I'm setup and ready to go! What is an "error with the website"? Were you hacked? Was it a joke? Was it premature? Do you not have any protocols in line to insure this doesn't happen? OR is the CFTC' putting it's foot down on your idea?

So I read a little further. CME has NOT yet filed with the US Commodity Futures Trading Commission but are in "active" discussions with the regulators. Why are you "in discussion with regulators" thanks to the laws that were passed by our wonderful government the CME does not need the CFTC's permission to list products for trading. Just has to file a "self certification" with the regulator, meaning the products complies with the Commodity and Exchange ACT. So what's the holdup? and more over why are you "talking" with regulators about a product that you can self certify? HMMMMM This is not good news and I may be closing that tradestation account! Something is definitely not right here!

But Bitcoin 6.16% does not care and neither do the buyers for now! The chart screams higher, but I remember when the chart screamed PULLBACK. Be careful at these levels. Maybe this is just a collusion of JPM' and the CME' group to run this puppy up to allow their large investors to bank on the backs of us average Joe's.

https://www.tradingview.com/chart/BTCUSD/Jc54sMRa-BTC-Price-Manipultion-The-CME-and-JPM-are-at-it-again/

[bitserve]

I don't even know if that CME futures trading will be positive, negative or neutral for Bitcoin price... so who cares if they do open in december or not?

[bitserve]

I think there is much more than 1M bitcoins lost.

and when you google for these lost bitcoins stories most are really dated numbers in terms of value.
You literally have to multiply the reported value 15 fold making it even more "head shaking worthy." (for want of a better term)
So for example this familiar story
I'm sure most of the legendaries/heroes in here have heard about the
7500 bitcoins lost valued at over a reported $5 million then that are now worth around $70 million.
And this is just one story of many.
It's mind blowing when you think about it.

No one takes into account the dust left behind everywhere. 

I have one inaccessible wallet containing enough for a good night out year's salary.  The other one has only dust  enough for a really good night out.  Still only makes me smile and shake my head at my own stupidity.

To be revisited after the next batch of zeroes are handed out.   

Why is it inaccessible? You don't remember absolutely anything about the password you might have used or is it another thing?

[TERA2]

I don't even know if that CME futures trading will be positive, negative or neutral for Bitcoin price... so who cares if they do open in december or not?

Its definitely positive. It means everyone with a brokerage account suddenly has access to bitcoin without having to deposit onto a third party exchange they might not trust, and they can go in and out of bitcoin trades next to their stock trades. It means massive liquidity. Think billions of dollars suddenly added to the finex order book. Possibly with leverage too. I posted on here some time in 2013 or 2014 a prediction that if BTC were to be integrated with standard brokers, the price would immediately surge to $10K. This is what the rally has been all about.

[gentlemand]

Its definitely positive. It means everyone with a brokerage account suddenly has access to bitcoin without having to deposit onto a third party exchange they might not trust, and they can go in and out of bitcoin trades next to their stock trades. It means massive liquidity. Think billions of dollars suddenly added to the finex order book. Possibly with leverage too. I posted on here some time in 2013 or 2014 a prediction that if BTC were to be integrated with standard brokers, the price would immediately surge to $10K. This is what the rally has been all about.

I was under the impression that CME futures did not touch Bitcoin directly at any moment during the entire process. It's USD all the way. Am I wrong?

[sirazimuth]

I think there is much more than 1M bitcoins lost.

and when you google for these lost bitcoins stories most are really dated numbers in terms of value.
You literally have to multiply the reported value 15 fold making it even more "head shaking worthy." (for want of a better term)
So for example this familiar story
I'm sure most of the legendaries/heroes in here have heard about the
7500 bitcoins lost valued at over a reported $5 million then that are now worth around $70 million.
And this is just one story of many.
It's mind blowing when you think about it.

No one takes into account the dust left behind everywhere. 

I have one inaccessible wallet containing enough for a good night out year's salary.  The other one has only dust  enough for a really good night out.  Still only makes me smile and shake my head at my own stupidity.

To be revisited after the next batch of zeroes are handed out.   

Well that sucks my friend, really sorry to hear that.
Lost password? I only ask as that's what gets me paranoid now, due to an issue I recently had
when I set a password on a newly installed electrum wallet.
I SWEAR I had it right when trying to get back in...even written down... but nope. locked out. PHUUUUUK!!!
Should have tested BEFORE loading wallet with funds... duhhh! stupid phukkin me!!!

My recovery seed saved me...THAT was correct, phew!...thank phuk for that...Lesson learned.

Being in charge of one's own banking security has its merits to be sure.
 Just be aware of the downfalls as they can be costly indeed...