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

[explorer]

A bigger problem though is transaction clearing time, I just moved a bit to buy some equipment before end of year (tax deductible and I need this stuff) and it still hasn't confirmed.

If this keeps up I may have to use Litecoin.

Mempool is growing bigtime. Make sure to include a good fee for quick confirmation.

https://jochen-hoenicke.de/queue/#24h

I have 2 fairly large transactions totally stuck - even though I put them through as 'fast' by believing my BTC Core wallet's advice.

Nothing confirmed for hours - what fees actually WORK right now - anyone recommend a site to suggest accurate fee requirements?

Feeling very stupid...

Not the same, but fees, man!
I tried to use embeded shapeshift in coinomi to dump some BCH yesterday. Fees >$150. wtf. Tried the embeded changelly. >$80.  So I still have the BCH... Probably send it to polo eventually.

Just send to an exchange, works fine - I just did it with BTC Gold, simple and not too pricey to do...

I only have poloniex for alts, so limited there.  And now is NOT the time to try to sign up at an exchange.  Let alone try to log on   I suppose I should check what Kraken, Bitfinex, Bitstamp trade.  I haven't used any of them in ages.  Almost got a bittrex account a few months ago, but the user agreement scared me away.

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[Rosewater Foundation]

What could a potential correction bring us to?  I think most of us agree that we're due for one but for those of us that have been here long enough, bitcoin "crashing to 10k" would sound like a pipe dream a couple years ago.

Looking at the weekly chart and comparing it to 2013 it looks like the top could be around $42,000 and the support will ladder down - from some levels not yet established, then $7,700, $4,400 and maybe even $2,500

The top will be hard to call but keep an eye on the coins available on Bitstamp. When it drops below 1,300 the top is not far away. Currently at 2,586 coins - so it's a long way to go.

You really see us crashing from $42k to$2k? In this day and age? With all our technology?!

[drbrockcoin]

What the fuck is wrong with you people that you are still sending money to the exchange that outright stole a third of the funds people had there? You deserve to be poor.

If you must know I had to sell my stash of 7 bitcoins back in 2016 due to financial circumstances. So I am poor now which is why I am using Bitfinex as well as a couple of other exchanges to trade alt-coins in order to get back to my 7 bitcoins with a view of making it to at least 10.

Not everyone who got bitcoins back in 2014 like me was able to hold them all due to money issues.

But I am glad you have enough bitcoins that you dont need to trade, that is also my ultimate goal but in the meantime I find it very difficult trading using my notepad or paper wallets  

Anyway if you feel I deserve to be poor then please ignore

If you want to help then you know what to do  - 1PRjBfDaPiTRdTrbWyxPSrcSCZJ98McxGF

Good luck on your quest. If more than 21 million people want only 1 bitcoin each then you know what direction the price has to go. I also like to trade and increase my stack.

I think the point was though, why use that particular exchange rather one thats less shady?

Well I have used 4 exchanges so far. Poloniex, Bittrex, Kraken, Bitfinex

I'd say of those four Bitfinex has by far the most superior chart layout/order options/useability. I have only started trading for about 4 months or so.and therefor Im new to this (but not to Bitcoin).
Bittrex is good as there is a wide array of alts but for me not good for day trading.
Poloniex well I think is a poor version of Bitfinex
Kraken is Kraken, I stopped using that after 2 weeks

But if you have any suggestions on other alternatives I am all ears.
So far I have managed to put together about 0.15 BTC worth of BTC and alts but I did start off with almost no capitol and have been out of work and this have also been living off trades too.

[afbitcoins]

A bigger problem though is transaction clearing time, I just moved a bit to buy some equipment before end of year (tax deductible and I need this stuff) and it still hasn't confirmed.

If this keeps up I may have to use Litecoin.

Mempool is growing bigtime. Make sure to include a good fee for quick confirmation.

https://jochen-hoenicke.de/queue/#24h

I have 2 fairly large transactions totally stuck - even though I put them through as 'fast' by believing my BTC Core wallet's advice.

Nothing confirmed for hours - what fees actually WORK right now - anyone recommend a site to suggest accurate fee requirements?

Feeling very stupid...

Not the same, but fees, man!
I tried to use embeded shapeshift in coinomi to dump some BCH yesterday. Fees >$150. wtf. Tried the embeded changelly. >$80.  So I still have the BCH... Probably send it to polo eventually.

Just send to an exchange, works fine - I just did it with BTC Gold, simple and not too pricey to do...

I only have poloniex for alts, so limited there.  And now is NOT the time to try to sign up at an exchange.  Let alone try to log on   I suppose I should check what Kraken, Bitfinex, Bitstamp trade.  I haven't used any of them in ages.  Almost got a bittrex account a few months ago, but the user agreement scared me away.

Kraken is a bunch of shit right now. 50% of the time pages have to be reloaded and then it sends you back to the beginning! Argh.

[Rosewater Foundation]

WTF is the deal with these korean exchanges, are they a new hub for chinese money or something like that?

That's the theory, yeah.

[600watt]

1   Bitfinex   BTC/USD   $2,307,730,000   $16,330.00   12.91%   Recently
2   Bithumb   BTC/KRW   $2,004,830,000   $21,544.70   11.22%   Recently
3   GDAX   BTC/USD   $1,442,380,000   $17,070.00   8.07%   Recently
4   bitFlyer   BTC/JPY   $823,401,000   $18,877.60   4.61%   Recently
5   Coinone   BTC/KRW   $442,171,000   $21,519.90   2.47%   Recently
6   Bitstamp   BTC/USD   $418,369,000   $16,390.00   2.34%   Recently
7   Gemini   BTC/USD   $376,466,000   $16,818.20   2.11%   Recently
8   Korbit   BTC/KRW   $306,000,000   $21,434.80   1.71%   Recently
9   BTCC   BTC/USD   $302,064,000   $17,380.00   1.69%   Recently
10   HitBTC   BCH/BTC   $271,624,000   $16,252.70   1.52%   Recently
11   Bittrex   BTC/USDT   $249,056,000   $16,230.20   1.39%   Recently
12   Poloniex   BTC/USDT   $242,761,000   $16,359.90   1.36%   Recently
13   Binance   IOTA/BTC   $237,008,000   $17,222.70   1.33%   Recently
14   Bitfinex   MIOTA/BTC   $223,550,000   $16,568.60   1.25%   Recently
15   GDAX   BTC/EUR   $222,836,000   $17,033.20   1.25%   Recently

where do you get this list? why no arbitrage?

[Richy_T]

Evening all.

welcome back    btc 20K yet?<<<

Considering it went up 1500 while I slept last night, could be soon.

[AlexGR]

1   Bitfinex   BTC/USD   $2,307,730,000   $16,330.00   12.91%   Recently
2   Bithumb   BTC/KRW   $2,004,830,000   $21,544.70   11.22%   Recently
3   GDAX   BTC/USD   $1,442,380,000   $17,070.00   8.07%   Recently
4   bitFlyer   BTC/JPY   $823,401,000   $18,877.60   4.61%   Recently
5   Coinone   BTC/KRW   $442,171,000   $21,519.90   2.47%   Recently
6   Bitstamp   BTC/USD   $418,369,000   $16,390.00   2.34%   Recently
7   Gemini   BTC/USD   $376,466,000   $16,818.20   2.11%   Recently
8   Korbit   BTC/KRW   $306,000,000   $21,434.80   1.71%   Recently
9   BTCC   BTC/USD   $302,064,000   $17,380.00   1.69%   Recently
10   HitBTC   BCH/BTC   $271,624,000   $16,252.70   1.52%   Recently
11   Bittrex   BTC/USDT   $249,056,000   $16,230.20   1.39%   Recently
12   Poloniex   BTC/USDT   $242,761,000   $16,359.90   1.36%   Recently
13   Binance   IOTA/BTC   $237,008,000   $17,222.70   1.33%   Recently
14   Bitfinex   MIOTA/BTC   $223,550,000   $16,568.60   1.25%   Recently
15   GDAX   BTC/EUR   $222,836,000   $17,033.20   1.25%   Recently

where do you get this list? why no arbitrage?

https://coinmarketcap.com/currencies/bitcoin/#markets

As for arbitrage, I suspect slow fiat or krw=>usd restrictions, but I really have no real clue about it.

[kurious]

A bigger problem though is transaction clearing time, I just moved a bit to buy some equipment before end of year (tax deductible and I need this stuff) and it still hasn't confirmed.

If this keeps up I may have to use Litecoin.

Mempool is growing bigtime. Make sure to include a good fee for quick confirmation.

https://jochen-hoenicke.de/queue/#24h

I have 2 fairly large transactions totally stuck - even though I put them through as 'fast' by believing my BTC Core wallet's advice.

Nothing confirmed for hours - what fees actually WORK right now - anyone recommend a site to suggest accurate fee requirements?

Feeling very stupid...

Not the same, but fees, man!
I tried to use embeded shapeshift in coinomi to dump some BCH yesterday. Fees >$150. wtf. Tried the embeded changelly. >$80.  So I still have the BCH... Probably send it to polo eventually.

Just send to an exchange, works fine - I just did it with BTC Gold, simple and not too pricey to do...

I only have poloniex for alts, so limited there.  And now is NOT the time to try to sign up at an exchange.  Let alone try to log on   I suppose I should check what Kraken, Bitfinex, Bitstamp trade.  I haven't used any of them in ages.  Almost got a bittrex account a few months ago, but the user agreement scared me away.

Yeah - I sent the BTG from Coinomi to Bittrex and even with passport etc, I could still only take out up to 0.4 BTC a day.   Yuk!

Polo isn't so bad, but getting to a decent withdrawal level takes ages - glad I did it ages back.  Basic was $2,500 a day.  Next level is $25k, which I suddenly realised today is not enough for a couple of BTC of course - it's easy to forget how much a bunch of Monero, let alone a couple of BTC has changed in value so fast. 

[savetherainforest]

I'm wandering...who's going to buy bitcoin at a million and thinks it's a good price?

I'm for it being used not just for selling when it gets to a mill

$10k ... $15k ... $20k ... are good prices and reasonable for common people. They can buy 0.1 - 0.2 izi in 'Murica.

But it seems to be some kind of agenda. That they should not have almost any.

When it will be worth 1 million, mostly it will be because of supply / demand debacle and exchanges that are based on the blockchain. So you will be able to trade blockchain on the blockchain.

[Heater]

What could a potential correction bring us to?  I think most of us agree that we're due for one but for those of us that have been here long enough, bitcoin "crashing to 10k" would sound like a pipe dream a couple years ago.

Looking at the weekly chart and comparing it to 2013 it looks like the top could be around $42,000 and the support will ladder down - from some levels not yet established, then $7,700, $4,400 and maybe even $2,500

The top will be hard to call but keep an eye on the coins available on Bitstamp. When it drops below 1,300 the top is not far away. Currently at 2,586 coins - so it's a long way to go.

You really see us crashing from $42k to$2k? In this day and age? With all our technology?!

No I don't expect it but who knows? They just look like the support levels on the weekly chart. We will build some more support levels on the way up - the slower we go the better - but we all know it won't be slow.

Hopefully the newbies are learning the hodl meme.

[kurious]

Well look who the cat dragged in. Greetings.

We've missed you and Buddy. Buddy must look a lot different with today's prices.

I guess I should head over there more often and see how you, Buddy an Adam are doing. My bad.

Hopefully we're all a lot richer. Cheers.

Unfortunately, the wall observer thread over there never really caught on well and has pretty much stalled out since August. I'm considering other Chartbuddy options to keep him going but he's there more as a placeholder these days.

I did try it, but Chartbuddy was all I could see most of the time.  Good to see you here again Richy.  It's pretty much as anarchic as ever.

[realsteelboy]

Is anyone else starting to feel a little sick?

[gembitz]

Evening all.

welcome back    btc 20K yet?<<<

Considering it went up 1500 while I slept last night, could be soon.

CNBC is hyper pumping it on TV !! :-D weeee

[exponential]

No I don't expect it but who knows? They just look like the support levels on the weekly chart. We will build some more support levels on the way up - the slower we go the better - but we all know it won't be slow.

Hopefully the newbies are learning the hodl meme.

They definitely aren't.  I'm seeing so many morons on my facebook feed who are now posting status updates about bitcoin and how "It's projected to go to $xxxxx by 2020".  These people are buying into the hype and the massive gains we're seeing right now and they get elated, dump money in and think it will forever multiply every month.  These people don't know much of anything about bitcoin/finance and when/if a correction comes they're going to panic sell and be angry that crypto fucked their savings up.  Ultimately I'm bullish but these prices have me losing sleep because if I were to cash out I could buy a nice Ferrari.  It's nice to think about but I think I'd rather go down with the rocket than miss out on it getting to the moon.  However I will get a sick evil pleasure out of seeing these uninformed noobs panicking and getting rekt in the correction.

[Torque]

Jim Cramer absolutely, positively cannot shut his big mouth about Bitcoin.

https://www.cnbc.com/2017/12/07/cramer-bitcoin-is-suspicious-for-5-reasons.html

I love these quotes:

"First, no one knows who created it. Second, no one knows how much the creator reserved for themselves. For all we know, there are tons of these things sitting on the sidelines somewhere. Third, there's virtually no transparency into the underlying system," Cramer said. "Fourth, there's no government backing — obviously — there are no underlying assets backing it up and there's no military support for the bitcoin system, unlike real currencies."

Fifth, despite the professed protection of blockchain, the secure way to trade bitcoin, Cramer pointed out the bitcoin is software. And software, as we know all too well, can be hacked.

"When, not if, but when, that happens, it will be a total loss as there's no insurance and no fiat backing," Cramer said. "With those five considerations, sooner or later, this thing's going to run out of steam."

"Once we get an orderly market in bitcoin, I think a top won't be far behind," he said. "Look, I want to congratulate everyone who was early on this story, everyone who ... sold it at $19,000, everyone who's made a fortune in bitcoin. You're smart, you're good, you're fabulous. But when the other side of the trade develops, bulls make money, bears make money, and pigs get slaughtered. And I do not want you to be a pig and get slaughtered."

Oh please Jim, save us all! Average Joe stay far far away!

[Richy_T]

I did try it, but Chartbuddy was all I could see most of the time.  Good to see you here again Richy.  It's pretty much as anarchic as ever.

I do miss the atmosphere here. It's a bit srs bsns on the big-blocker side of the fence. I just can't frequent here on the regular in good conscience but I'll stick my head back in once in a while

[afbitcoins]

What the fuck is wrong with you people that you are still sending money to the exchange that outright stole a third of the funds people had there? You deserve to be poor.

If you must know I had to sell my stash of 7 bitcoins back in 2016 due to financial circumstances. So I am poor now which is why I am using Bitfinex as well as a couple of other exchanges to trade alt-coins in order to get back to my 7 bitcoins with a view of making it to at least 10.

Not everyone who got bitcoins back in 2014 like me was able to hold them all due to money issues.

But I am glad you have enough bitcoins that you dont need to trade, that is also my ultimate goal but in the meantime I find it very difficult trading using my notepad or paper wallets  

Anyway if you feel I deserve to be poor then please ignore

If you want to help then you know what to do  - 1PRjBfDaPiTRdTrbWyxPSrcSCZJ98McxGF

Good luck on your quest. If more than 21 million people want only 1 bitcoin each then you know what direction the price has to go. I also like to trade and increase my stack.

I think the point was though, why use that particular exchange rather one thats less shady?

Well I have used 4 exchanges so far. Poloniex, Bittrex, Kraken, Bitfinex

I'd say of those four Bitfinex has by far the most superior chart layout/order options/useability. I have only started trading for about 4 months or so.and therefor Im new to this (but not to Bitcoin).
Bittrex is good as there is a wide array of alts but for me not good for day trading.
Poloniex well I think is a poor version of Bitfinex
Kraken is Kraken, I stopped using that after 2 weeks

But if you have any suggestions on other alternatives I am all ears.
So far I have managed to put together about 0.15 BTC worth of BTC and alts but I did start off with almost no capitol and have been out of work and this have also been living off trades too.

Well I haven't used bitfinex I guess in part because of bad rep. I used bitcoinica in the beginning which was hacked and I lost my entire stack at the time, would add a huge chunk to my  fortune if I had it now. Since then I only store small amounts on exchange at any one time as I hope everyone else is doing. Then I used cryptsy (hacked), mintpal (hacked), polo (which I quite liked even despite its Monero fixation but started not to trust), I started using Kraken after it added Dash (but it is unusable because its sever is a ZX81). At the moment my preferred option is Bittrex which I joined primarily because it was the only one listing byteball. The search for a decent exchange continues...

 

[realr0ach]

CNBC is hyper pumping it on TV !! :-D weeee

Wow, that doesn't sound like a jew scam at all.

[_javier_]

Where is Adam? the original thread opener..

I remember the frenzy when we got to 10.000 pages for this thread, and we wanted the same for the price in usd

Tell him we are about to make it!!! Maybe tomorrow at this pace.