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

[flounderella]

There's an important 50/200 MA crossover coming up on daily chart (likely tomorrow). Expect that we will overshoot a little to the downside and then a short term bottom can form there

[Arriemoller]

<nonsense>

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306

Satoshi would not have wasted his time answering such a question if it was not in his original mind frame.

Great quote from that link too "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

I mean that link alone says more than anything I could or would ever need to say... something needs to change to regain market confidence in my opinion.

LOL good one!

Or fucking Poloniex  

I think that's a woman.

Nahh..its just one of those "either or's" that seem to be coming outta the woodwork these days. No worries...just dont raise an eyebrow
or anything like that. Its not polite....

No Adam's apple.

[Last of the V8s]

got up early to fiddle with the goose

Happy Christmas wallies

[arklan]

Come on baby, just another 1k up and I can still without taking a loss. Come on bitcoin, be good to me.

[jojo69]

Come on baby, just another 1k up and I can still without taking a loss. Come on bitcoin, be good to me.

Yeah, they painted that fake breakout pretty good.  A lot of folks on the wrong side of that.

[arklan]

Come on baby, just another 1k up and I can still without taking a loss. Come on bitcoin, be good to me.

Yeah, they painted that fake breakout pretty good.  A lot of folks on the wrong side of that.

Yea, it was really obvious, looking back. This is what I get for trying to actively trade while not sitting at my pc monitoring things. Sure I can trade on stamp from my phone, but it's not a good idea.

[Dink]

The world wants it to be higher. It will be much, MUCH higher. Consider it the cost of a PR giveaway vs. other forms of PR. It will be worth it to the ones giving it away. This is similar to free email or free social networking, a bargain to you and a bargain to them. Fortunately they want you in the blockchain about 1000 times as much as they want you on Facebook so here comes the money.
It's a sell your soul kind of deal but it seems like they have all been for most of us during the past seventy years or so. The question is, do we actually have a choice?

Please explain in detail your thoughts, annoyimint would explain things even for the simple hearted, dont be a scrouge.  Peace

[JayJuanGee]

So anyone buying their other half or family members some BTC for Christmas?

I've given each of the progeny (3 kids, 2 inlaws, 2 grandkids) 1 BTC each of the last three xmases. I see no reason to divert. This year, they'll be wrapped in Ledger Nano Ss.

O.k.

I understand that each of us have our proclivities for generousity, or not, but that sounds financially ridiculous for normal people.

I am presuming that you and I have similar quantities of bitcoin, and it seems ridiculous to me to give away gifts that are valued at about 40x more than they were two years ago and three years ago - merely because it is your tradition to give away the unit value of bitcoin, but bitcoin is measured in terms of dollars - and 40x just seems too outrageous.

[TERA2]

Thats it. Christmas is cancelled. Remove all the presents under the tree.

[jojo69]

Yea, it was really obvious, looking back. This is what I get for trying to actively trade while not sitting at my pc monitoring things. Sure I can trade on stamp from my phone, but it's not a good idea.

Don't feel bad.  If it makes you feel better I got long just about the same time.

[Enjel]

I am assuming you are talking about the false breakout to 16k, since it is now 14k.

Can you explain why this was obvious in hindsight? I'm just curious, because I thought it could stabilize at around 16k, high 15k.

[mike4001]

Funny thing is: If Bitcoin never rose to 19,5k 1-2 weeks ago we would now all be extremely happy.

Breaking 10k and no moving between 13 und 14k

[Lontonbit]

Bitcoin is a device for transferring money from the impatient to the patient

[jbreher]

Ok, as of right now, the price to send a transaction in the next block is about 140 satoshis per byte

Where are you getting your data? It seems off. Way off.

According to estimatefees.com, to get 2 block confirmation, you'll need to spend 953 sat/B. $45.98 USD for a current average tx of 374 bytes.

According to earn.com, to get 1-4 block confirmation, you'll need to spend 440+ sat/B.

https://bitcoinexchangerate.org/fees: Next block   $37.35   sat268798   BTC0.00268799

https://bitcoinfees.github.io/#1m: 948 sat/B

FACT CHECK INDEED.

[Dognutz]

Pale Moon no longer accepts Cryptocurrency donations due to the outrageous fees.

https://forum.palemoon.org/viewtopic.php?t=17826

I expect we see a flood of services dropping Bitcoin in the coming weeks.

It's a REALLY bad sign when you can't even give away something that is supposed to be money.

[AlcoHoDL]

Pale Moon no longer accepts Cryptocurrency donations due to the outrageous fees.

https://forum.palemoon.org/viewtopic.php?t=17826

I expect we see a flood of services dropping Bitcoin in the coming weeks.

It's a REALLY bad sign when you can't even give away something that is supposed to be money.

Why dropping all cryptocurrencies? It's only Bitcoin that's currently relatively expensive to transfer. They could accept Litecoin instead...

[jbreher]

So anyone buying their other half or family members some BTC for Christmas?

I've given each of the progeny (3 kids, 2 inlaws, 2 grandkids) 1 BTC each of the last three xmases. I see no reason to divert. This year, they'll be wrapped in Ledger Nano Ss.

I understand that each of us have our proclivities for generousity, or not, but that sounds financially ridiculous for normal people.

Yeah - that's the 2nd time in recent memory you're telling me I'm living my life in an improper manner.

I am presuming that you and I have similar quantities of bitcoin,

I am presuming you are off by a significant multiple. My position was largely set by early 2011. Ponderate upon that fact.

[Lontonbit]

Pale Moon no longer accepts Cryptocurrency donations due to the outrageous fees.

https://forum.palemoon.org/viewtopic.php?t=17826

I expect we see a flood of services dropping Bitcoin in the coming weeks.

It's a REALLY bad sign when you can't even give away something that is supposed to be money.

Why dropping all cryptocurrencies? It's only Bitcoin that's currently relatively expensive to transfer. They could accept Litecoin instead...

He's just trying to find any news as fud lol 😂

[HairyMaclairy]

Ok, as of right now, the price to send a transaction in the next block is about 140 satoshis per byte

Where are you getting your data? It seems off. Way off.

According to estimatefees.com, to get 2 block confirmation, you'll need to spend 953 sat/B. $45.98 USD for a current average tx of 374 bytes.

According to earn.com, to get 1-4 block confirmation, you'll need to spend 440+ sat/B.

https://bitcoinexchangerate.org/fees: Next block   $37.35   sat268798   BTC0.00268799

https://bitcoinfees.github.io/#1m: 948 sat/B

FACT CHECK INDEED.

Whether you like it or not the mem pool was until the last few blocks clearing down to 140 sats. We seem to have a slight bump in Xmas traffic in the last few minutes.  Feel free to quote fee estimators that are horribly wrong and suit your agenda.

[alexeft]

Bitcoin is a device for transferring money from the impatient to the patient

Yep! It is!