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

[ragnar0k]

Hmm looks like its going to be pretty boring this CME

Looks like the short is in. If you ask me.

Yep.. but there's almost no volume

[JayJuanGee]

I suppose you want me to assume that it is miners that are spamming. Why not assume that they are aware of networking effects and that it is to their interest to not spam, but allow as many legitimate transactions as possible? The bcash gang is excluded from this assumption by definition!

It's bleeding obvious it's them.

As soon as it looked like Segwit2X was a go fees went from dollars to near free in a matter of hours. Funny that.

I think this particular time it is conceivable this is pure demand as we're manic, but in the past it was pure spamming to push the big block agenda.

Don't get caught up with the bullshit propaganda.

We still have spamming going on, organic growth does not look like our current situation, so why give benefit of the doubt that spamming has stopped, when you clearly know that spamming was occurring in the past, similar pumping of Bcash and alts motives exist, similar bashing of the functionality of bitcoin exists, and the current pattern of clogging of the network does not really appear to be much different than from those past spamming incidents.

[Rosewater Foundation]

Hmm looks like its going to be pretty boring this CME

Looks like the short is in. If you ask me.

Yep.. but there's almost no volume

More a slow grind, perhaps. We probably deserve it

[realr0ach]

Here's a bit of comedy gold.  First Martin Armstrong was telling everyone to dump gold and silver and they were going to "crash to the abyss" while they were at the rock bottom floor.  Now after he's bought them at the floor he says:

“Our computers are showing that interest rates are going to go up faster than anybody has ever seen in history. . . . You are looking at a doubling of interest rates very, very rapidly. . . . Gold and equities are the place to be.”"

It's probably true, they will try to normalize interest rates but can't service the debt without hyperinflating the debts away, so mass money printing and metals to the moon incoming.  The only problem with his "buy stawks" statement is that metals usually vastly outperform stocks in hyperinflation type scenarios, and whenever a govt's legitimacy is questioned from some type of currency crisis, the stocks always jump off a cliff first before inflating and that money goes to metals...and metals are already right near cost of production anyway.

[Hawkix]

Here we go ..

[DaRude]

We're retargeting up by 18% in about 12hrs https://fork.lol/pow/retarget So frequency of mined blocks will go down by about that much. Meaning mempool and fees are going up short term. This is also the time when BTC is most vulnerable from that vector so if someone would start spaming this would be the time.

tl;dr next 24hrs are critical

[Rosewater Foundation]

Are we all poors again?

[realr0ach]

Here we go ..

Looks like a nice combination of head and shoulders + buy the rumor sells the news event for CME opening.  Then there's the whole nobody wanting to risk being screwed by CME manipulation thing.

[JayJuanGee]

The crowd wins again. The $18,000-$20,000 price range was the #1 most picked choice in the poll.
Now being reset.

Hey in the new poll, my preferred choice of $22,000 to $24,000 is missing, so I had to pick the closest option, which was a little bit off of my preferred choice - who knows in bitcoinlandia, anyhow, we are merely guestimating, right?

The crowd wins again. The $18,000-$20,000 price range was the #1 most picked choice in the poll.
Now being reset.

Thanks for updating the poll.

The range $22,000-$24,000 is missing... And it's the one I want to pick! Can you please add it?

EXACTAMENTE!!!!!!

You said it first.     

[arklan]

Smoothie, how come you are so fast to answer everywhere? I am starting to wonder if you have hired people or scripted bots to make your replies. You tend to write a new answer faster than I read the new posts in the interesting threads. Respect. Tongue

who the hell is Smoothie?
you didn't quote so no idea what you are on about...

If memory serves, which is 50/50 at best, smoothie used to be a poster here, frequently. I'm pretty sure that tongue was as well, and this guy is just reposting a very old post.

[TERA2]

What did you expect. Everyone was waiting on the futures launch but we already know from the last futures launch that there is no volume.

[bitserve]

Smoothie, how come you are so fast to answer everywhere? I am starting to wonder if you have hired people or scripted bots to make your replies. You tend to write a new answer faster than I read the new posts in the interesting threads. Respect. Tongue

who the hell is Smoothie?
you didn't quote so no idea what you are on about...

If memory serves, which is 50/50 at best, smoothie used to be a poster here, frequently. I'm pretty sure that tongue was as well, and this guy is just reposting a very old post.

You are right. It is the second time he repost an old (2013) post as if it were his own. Farming?

[TERA2]

" fasten your seatbelt " 

[gentlemand]

Cancer for everyone this Christmas.

[TERA2]

Bitcoin drops to $5K on christmas eve. Then you wake up on Christmas and it's back above $10K and you have one of these Krampus bells

[JayJuanGee]

You have actively come into this thread since about $7k and saying the same fucking thing, and now the price is about 3x higher, and you still saying the same nonsense.....

Yeah, sure, sooner or later you are going to be correct... but your repetition of the same cyclical bitcoin price gonna crash nonsense, does not mean that you have any actual insight.

Yes since 8K I've been mentioning there would end up being a crash, in response to people who thing prices are just going to become a flat ascending staircase forever, but I didnt say WHERE I didnt say 'the crash is going to start here'. So every time I made the statement is still going to end up becoming true

Actually if you look at every little dip we've had during the rally you'll find me saying 'nope my TA says this isn't the crash'

Without getting caught up in particulars, sure I can concede that you could be hedging your bets in your comments and you are preparing for both up and down - however, while we are going up, you are harping on down to such an extreme that seems to give DOWN way more weight than it deserves.  Maybe you are patronizing, because a large majority of us, especially participating in this thread, understands that BTC prices go up and down and up and down, so framing the strawman argument in such a way that most of us are assuming that BTC prices are going up forever in a staircase manner, comes off as out of touch EXAGGERATING on your behalf.   

Am I NOT rite?

[TERA2]

I hear a good portion of people literally saying that btc is never going to dip or crash again because everything has changed or now it's being stabilized by the big money or whatever which is bs, or they are just new and not aware of the crashes.

[JayJuanGee]

From Bittrex Twitter:  

We've upgraded the servers again.  We exceeded the previous cap of 500k concurrent users.  Sorry for the inconvenience.

Edit:  If Bittrex has 500k concurrent users (noting many of those will be bots), how many humans are there and what proportion of the crypto market is Bittrex?  

I’ll take a stab in the dark and say 50:1 users to concurrent users. So 25 million account holders. If we assume Bittrex has 10% of the global crypto market that gives us 250 million owners of crypto globally.  Based on a global population of 7.6 billion we are at 3.2% of the global population holding “some” crypto.

No, I'd say we are closer to 1% of global population use. But that number in itself is huge. We hit 1% in 10 years, and I think within 3 years we will be almost 3%! That's alot more people pouring in soon. As the max global population I'd foresee actively using Bitcoin in our lifetimes may be about 6% to 7%.

Once Bitcoin hits 5%, it is effectively mainstream and at that point already taken over traditional financial structures. This will happen within 5, maybe 6 years maximum.

You might be correct about the 1% world-wide adoption, but you recognize that 1% is about 75million peeps into BTC.  I would really be surprised if we have that many peeps who are actually involved in BTC in some kind of way and owning .001BTC or more or otherwise regularly interacting with BTC by using it in some kind of way, such as transacting.

[savetherainforest]

The crowd wins again. The $18,000-$20,000 price range was the #1 most picked choice in the poll.
Now being reset.

Thanks for updating the poll.

The range $22,000-$24,000 is missing... And it's the one I want to pick! Can you please add it?

EXACTAMENTE!!!!!!

You said it first.     

Probably wrong. Both of you. It will be over 26.000$.

Cancer for everyone this Christmas.

CAROLINA FOR EVERYONE!!!

[realr0ach]

And people in bitcoin thought I was joking when I told them the govt has a plan to stage alien invasion/visitation as a last resort to try and "unify" the population around them if they are ever in danger of being overthrown:

https://i.imgur.com/Zqtnwbp.jpg



LOL, "lift the veil" my ass.  This goes all the way back to report from iron mountain.  The function of the state is war, and if they are unable to wage war (possibly due to MAD), they have to fake some new type of thing for the normies to rally around them such as climate change, aliens, anything they can fabricate to try and maintain control.