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

[Logic-Elliven]

I'm quite surprised at all the negativity and uncertainty regarding BTC here.
IMHO BTC just went Hypodermic for a while and has now corrected back into the parabolic trend it has 'always' been in:

https://fs.bitcoinmagazine.com/img/images/Figure_2_2_uoCMXak.original.jpg
(SOZ; can't get the image to show here? Hopefully some who can will post it plz)

The above image hasn't been updated since the 4th, and the new 14K bottom (that aligns very nicely with the other 4 bottoms just below the top parabolic trend line) isn't shown.

IMHO exchanges need to be somehow persuaded/forced to adopt Segwit, but other than that we are looking at a an excellent buy opportunity atm.

[HairyMaclairy]

What is really happening in the marketplace is an arms race to solve scaling. That is the one clear stumbling block that is holding back crypto.

The scaling arms race is really between Bitcoin and Ethereum.  However Ethereum has the handicap that it has to carry far more traffic on its network due to onchain smart contracts.  So I believe it is losing the race despite research into sharding.  

Bigger blocks don’t solve scaling so that rules out Bcash (for the shills in the audience it is just kicking the can slightly down the road and making the problem much worse in the interim).  Ripple is just an Excel ledger controlled by some guy. Bcash at 10,000 tx per second is just an Excel ledger controlled by some guy.  I don’t understand how anyone will be able to store the transaction spam in Raiblocks or Iota without fees as a barrier.

I challenge anyone to tell me that another coin is going to solve scaling before Bitcoin without becoming another Ripple.

When someone convinces me well and truly that Bitcoin will lose the scaling arms race, then I will take that very seriously indeed.  Until then, I stand and hold.

[Arriemoller]

I'm not a computer scientist kind of guy and I don't like maths. My strengths lies in other areas of specialization.
I have always tried to do and study things I like, rather then pursuing a traditional career and that have lead me on to many interesting paths, crypto being one of them.

However, when I get a bank card I don't give a rat's ass how it actually works, and the bank doesn't tell me either. They just tell me how to use it. The same goes for just about everything else i buy, the TV salesman doesn't tell me how the TV works, just how to use it et cetera.
But when it comes to crypto it's always the other way around, every thread and info page talks ad nauseam about how it works, and very little about how to use it.
I for example no nothing at all about how to use segwit, and yet segwit have been talked about for ages. And I consider myself fairly intelligent. Just imagine then, when average Joe comes to bitcoin and is told to use segwit to lower fees. That won't tell him anything.
Why can't core make a information page that tells you how to use it? And make sure that page is seen among the noobs, and for that matter oldies like me without a degree in computer science. Why do they and everybody else have to talk non stop about incomprehensible technicalities?
I don't give a fuck about the underlying technology, I want to know how to use it.

And by the way, can you make a segwit paper wallet? And if so how?
That is one of the things that core should tell people if they want adoption.

This has just summed up exactly why the average person would never actually use bitcoin. If you try to explain the 'how to use it' and 'what does it do', it will not offer any advantages over fiat/visa and only drawbacks. The only advantages come either if you are a criminal or if you are a trader/investor/gambler. There isn't any use case for the average person except making a profit, which is why everyone is in now.

That very much depends on where you live and if you are a spender or a hodler.

[HairyMaclairy]

If you want to use Segwit get a hardware wallet. You’ll be using it and not even knowing it.

[cAPSLOCK]

I'm quite surprised at all the negativity and uncertainty regarding BTC here.
IMHO BTC just went Hypodermic for a while and has now corrected back into the parabolic trend it has 'always' been in:


(SOZ; can't get the image to show here? Hopefully some who can will post it plz)

The above image hasn't been updated since the 4th, and the new 14K bottom (that aligns very nicely with the other 4 bottoms just below the top parabolic trend line) isn't shown.

IMHO exchanges need to be somehow persuaded/forced to adopt Segwit, but other than that we are looking at a an excellent buy opportunity atm.

Hypodermic...

[Arriemoller]

The tide won't turn until bitcoin is fixed. And the fixes are taking too long time. Major correction ahead to realistic price levels (sub $5000, maybe even slightly lower than bch!).

Ahh kosse, how are you feeling? Can you walk?

[kosse]

Ahh kosse, how are you feeling? Can you walk?

Easily. I'm a veteran of many testosterone dripping manly close combats.

But back on topic: I predict 11k in the weekend. Maybe less.

[flynn]

Hypodermic...

He's got BTC under his skin.

[UnDerDoG81]

Just seen a thread on Facebook: "Soros invested $100 billion in blockchain - get out now". There is a huge market manipulation going on, maybe he is the man behind it.

[kosse]

Bitcoin is crashing. I told you!

[Arriemoller]

Just seen a thread on Facebook: "Soros invested $100 billion in blockchain - get out now". There is a huge market manipulation going on, maybe he is the man behind it.

What blockchain?

[somac.]

I'm thinking 13300 is the support on the triangle pattern (4 hr chart). I hope it bounces hard off that.

[TERA2]

So is everyone eating kettle corn or butter popcorn?

[HairyMaclairy]

Just seen a thread on Facebook: "Soros invested $100 billion in blockchain - get out now". There is a huge market manipulation going on, maybe he is the man behind it.

What blockchain?

Ripple

[mymenace]

Just seen a thread on Facebook: "Soros invested $100 billion in blockchain - get out now". There is a huge market manipulation going on, maybe he is the man behind it.

What blockchain?

Ripple

soros is under house arrest, you must be reading fake news

[bitcoinvest]

where do we go from now??? HODL brothers!!! don't let them eat our BTC !

[Karartma1]

Just seen a thread on Facebook: "Soros invested $100 billion in blockchain - get out now". There is a huge market manipulation going on, maybe he is the man behind it.

What blockchain?

Ripple

Overstock...  http://www.neonnettle.com/news/3565-soros-buys-100m-worth-of-blockchain-technology-to-control-crypto-market
 

In the meanwhile I say hi to the wallers. Sorry I've been out a bit.

Go bitcoin go

[starmman]

Just seen a thread on Facebook: "Soros invested $100 billion in blockchain - get out now". There is a huge market manipulation going on, maybe he is the man behind it.

What blockchain?

Ripple

Overstock...  http://www.neonnettle.com/news/3565-soros-buys-100m-worth-of-blockchain-technology-to-control-crypto-market
 

In the meanwhile I say hi to the wallers. Sorry I've been out a bit.

Go bitcoin go

Hmm 100m vs 100bn - big difference LOL

[JayJuanGee]

where do we go from now??? HODL brothers!!! don't let them eat our BTC !

HODL and BUYDL


Hopefully everyone has fiat to buy bitcoins... who knows how far it will go down, but certainly have to get below resistance points at $13k, $11k and then $10k before we start to cry.

Currently,  I think that odds are pretty decent that we could break below $13k, but I think that they are less favorable that we would break below either $11k or $10k.

Surely the bears and trolls (do we need to name them), would (and probably become quite prolific - get ready Infofront) be excited if we could break below $10k.

[TERA2]

10K will be sliced through like a delicious melty stick of european salted butter. There is no 10K support or resistance on the chart anywhere.