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

[alexeft]

With all the price drama, withering Bitcoin dominance and high fees discussion, Bitcoin still functions beautifully 
It will be a great year for the Honey Badger, no doubt.

Talk talk talk and blah blah blah have nothing to do with the functionality of the honey badger.

[1713422773]

1713422773

[1713422773]

1713422773

[nikauforest]

Happy New Year from New Zealand!
I can tell you 2018 is going to be amazing!

I am off for some more fun. Wishing everyone a great year.

[Wekkel]

This seems to be the safe option to assume:



Kind of rhymes with my guess on reachting $24xxx 

[hv_]

Happy New Year from New Zealand!
I can tell you 2018 is going to be amazing!

I am off for some more fun. Wishing everyone a great year.

Happy new 2018!  I've some hours to go 

Cheers

[milkshock100]

Alts must quake in fear when bitcoin falls because they fall as well.

Alts are poised for a boom right now, the only thing that can spoil it is a bull run in BTC price

Nonsense coins like ripple have already suffered from bitcoins weakness in the last 24 hours

[mOgliE]

This seems to be the safe option to assume:



Kind of rhymes with my guess on reachting $24xxx 

Hmm... A bit too optimistic maybe?
There must be a huge huuuuuge resistance because of all the people who invested in the 18k because of the FOMO.
I think we first need a stabilizing period probably around the 12/14k. It will allow the renewal of investors who won't be afraid of another drop because for them 12k will be the new "average".

Expecting 24k is expecting ANOTHER +100% growth and I think it's really to much. What would justify something like this? Especially with the diversity of investments you can make right now.

[HairyMaclairy]

Bitfinex down



Edit:  will be back up 15 - 30 minutes .....

Nice to see the arse fall out of Bitstamp on the news. 

[FractalUniverse]

yeah. for me too 

[realr0ach]

Bitfinex down

Maybe it's time for their yearly exit scheme?

[itod]

Only 4.3% people voted $12,000-$14,000 for Dec 31, the second least popular option. Interesting, it seems that crowd sentiment is a great contrarian indicator.

I voted $10,000-$12,000 several weeks ago. Just based on MasterLuc's prediction. There's still time to hit the target. Remember what he said, if we go back to $10,000 again next floor is $70,000. The lower we go up to $5,000 the higher is the next floor.

[alexeft]

The lower we go up to $5,000 the higher is the next floor.

Or the longer we stay at a relatively low price. It's also a function of time.

[WellAllowMeToRetort]

Remember everyone. The end game of all of this fud, shit coin pump and dump, mempool spam, forks, and now empty blocks, is to separate you from your bitcoin. It would take a team of full time employees to keep track of all the shit. If you don't have a team of full time employees, the only move here is to hodl. Don't let them have YOUR bitcoin. Make them pay for it at a premium. Stop thinking so small! Take a year off. This is a long game. 4 years is nothing in the grand scheme of things. Relax, forget about bitcoin, go back to work, come back in a year.
[ It's that simple, they wan't your Bitcoin. The rest is theater. ]

[Raja_MBZ]

Finally, the graph of bitcoin isn't looking "abnormal" like it was just a few days back (constantly getting pumped up and up, with more people around the world buying and just buying). I expect bitcoin to stay at the current level for a while now and then start moving back up again. Weak hands must have been shaken big time in the past few days though, which is another positive point for true believers of bitcoin.

[bitserve]

The lower we go up to $5,000 the higher is the next floor.

Or the longer we stay at a relatively low price. It's also a function of time.

Yup, the medium term floor is slowly rising each week.

[realr0ach]

This thread has turned into a bunch of zombies that make believe the price can only go up 1000% per year.  Does anyone care that bitcoin is completely centralized?  No.  Does anyone care that bitcoin doesn't actually function as some type of transactional currency and it's only real function is a crowd sourced pump and dump?  Not really.  For all intents and purposes, bitcoin can be replaced with a stock ticker on the NYSE called "widgets" that have no type of use besides having a finite amount.

[bitserve]

This thread has turned into a bunch of zombies that make believe the price can only go up 1000% per year.  Does anyone care that bitcoin is completely centralized?  No.  Does anyone care that bitcoin doesn't actually function as some type of transactional currency and it's only real function is a crowd sourced pump and dump?  Not really.

Will you have some patience? It looks like LN is (FINALLY) coming soon enough.

If you can't, then just sell! And go on to other more productive things for you.

[ivomm]

Remember everyone. The end game of all of this fud, shit coin pump and dump, mempool spam, forks, and now empty blocks, is to separate you from your bitcoin. It would take a team of full time employees to keep track of all the shit. If you don't have a team of full time employees, the only move here is to hodl. Don't let them have YOUR bitcoin. Make them pay for it at a premium. Stop thinking so small! Take a year off. This is a long game. 4 years is nothing in the grand scheme of things. Relax, forget about bitcoin, go back to work, come back in a year.

^^^^^^

I hope in 2018 we will see prices with 6 digits! In the worst case scenario,  the 20K will be revisited for sure. HODL!

[bitcoinPsycho]

This thread has turned into a bunch of zombies that make believe the price can only go up 1000% per year.  Does anyone care that bitcoin is completely centralized?  No.  Does anyone care that bitcoin doesn't actually function as some type of transactional currency and it's only real function is a crowd sourced pump and dump?  Not really.  For all intents and purposes, bitcoin can be replaced with a stock ticker on the NYSE called "widgets" that have no type of use besides having a finite amount.

I for one dont give a fuck. why you here? did you sell all your btc for silver? when it hits $100000 you will still be complaining.  roll on the next 1000% rise .

[realr0ach]

Will you have some patience? It looks like LN is coming soon enough.

You cannot be serious.  Do you actually know what LN is?  I'll tell you what it is.  LN is nothing more than establishing bitcoin banks on top of the blockchain.  All of the exact same regulation traditional banks have will be applied to them and bitcoin will be virtually identical to your current banking system.  The only reason it hasn't happened yet is because it's too difficult for them to play whack-a-mole with regulating miners, but the LN "nodes" aka banks are less ambiguous in nature and will be regulated to infinity just like any normal financial services provider or bank.  

The costs, compliance, and amount of lawyers needed will be so high only entities like JP Morgan and Goldman Sachs will run them.  This is how crony capitalism works.  You introduce regulation with compliance requirements and fees so high that only your existing monopoly can participate while all small competitors are eliminated.

Nevermind the fact LN doesn't function in a decentralized manner in the first place.  There is also ZERO incentive for LN nodes aka banks to broadcast transactions to external peers.  There is actually incentive for these bitcoin banks to FORCE a hub and spoke model or cartel collective in order to hold their users hostage for usury fees (just like regular banks do). There's also nothing that stops them from changing usage of bitcoin as settlement to ripple, US dollars, or anything else.  I wrote more on why LN is unworkable on the technical side here:

https://bitcointalk.org/index.php?topic=178336.msg26860586#msg26860586

[realr0ach]

Does anyone care that bitcoin is completely centralized?  No.

I for one dont give a fuck. why you here?

To stop the bugmen cucks from cheerleading some completely centralized govt tracking system obviously.  There is no defeating the jew bankers using bitcoin.  The bankers love you buying this garbage.  The only thing the bankers are afraid of is people buying physical metals.