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

[explorer]

lol, it's meritflation already...you call this governance?

Glad I didn't invest in that.

Join Meritconnect!  double your Merit in a day!  Referral bonus for every new user you recruit!
First one is free! Tier one members receive 2 free Merit! (now you're hooked!)

Ha thx to whoever gave me my first merit. No meritponzi for me, those merits already got sucked into my bitcoin hodling gravitational field. Stuff rarely escapes there.

I gave ya 2, so you could spend one    It's precious, so wait for a really good post!

[jojo69]

holy WTF happened to my merit...lol

WTF is right! I want my pity merits back  

all I got left man...been handing them out pretty freely,  went on the Armory support board and spent a bunch on the folks doing the thankless work there

[Toxic2040]

holy WTF happened to my merit...lol

Obviously merit is a bubble...

Not a bubble.  A ponzi.  Note the urging to not hoard, but reinvest all Merit, before decay!

But, then where are the thousands of merit referral links? The scattered sponsored merit posts on facebook? I havent even seen a YouTube advertisement of some guy walking through his shitty apartment bragging about how he makes merit work for him and I should too.

Wait for it.  We've barely completed the phase 2 airdrop.

holy WTF happened to my merit...lol

WTF is right! I want my pity merits back 

all I got left man...been handing them out pretty freely,  went on the Armory support board and spent a bunch on the folks doing the thankless work there

Alright..enough is enough...im forking these. From now on we will have WOsMerits..these badboys are multisig, segwit, bip 91 compliant..no premine...

[True Myth]

Alright..enough is enough...im forking these. From now on we will have WOsMerits..these badboys are multisig, segwit, bip 91 compliant..no premine...

Cue the "How do I claim my WOsMerits?" and "What threads are supporting the WOsMerits fork?" posts.

[infofront]

...waiting for Roger to introduce MeritCash™

The merit system is being censored by all the small-blockers!

[OWZ1337]

...waiting for Roger to introduce MeritCash™

i tried to give my 1 meritcorn to satoshi but i guess its the genesis block so i kaint mooove it? lol

[cofefeGandalf]

...waiting for Roger to introduce MeritCash™

The merit system is being censored by all the small-blockers!

First we need a touring complete merit. Lets build it in flash so it'll be extra shiny and the noobs will buy it. 

[explorer]

...waiting for Roger to introduce MeritCash™

The merit system is being censored by all the small-blockers!

First we need a touring complete merit. Lets build it in flash so it'll be extra shiny and the noobs will buy it.  

That's like merit's that have been around the world?  I suppose what goes around, comes around.

[jojo69]

jesus you guys

what have I done?

[Toxic2040]

...waiting for Roger to introduce MeritCash™

The merit system is being censored by all the small-blockers!

First we need a touring complete merit. Lets build it in flash so it'll be extra shiny and the noobs will buy it. 

+1 WOsMerit sent! 

jesus you guys

what have I done?

WOsMeritGate?

[somac.]

Getting back on topic... anyone else noticing solid support gathering between the $10k to $11k range?

Roughly 2,400 BTC  from 11k to 10k on GDAX. I've been watching support grow all day in that range. I'm feeling optimistic about the next 96 hours.

*Edit* Just noticed the 1,000+ BTC wall at the magical Masterluc $7,700 mark.  Quite the following.

He doesn't think it will get to 7700 though. I could be wrong here, but, I it seems he believes that 7700 is the last support level and if that goes so does the bull market. This is what Enky mentioned in his last blog post, and Masterluc does follow him. I'm pretty sure though Masterluc is of the opinion that the correction is over, and we will go sideways for a bit and then up.

Seems like support is forming, and we are in a symmetrical triangle pattern (30min). If it breaks up I think we will continue on up from there.

[TERA2]

Bitcoin usually has to go down before it goes up, and similarly go up before it goes down. A fake breakout from within this pattern to somewhere between 14K at 20K at these same volume levels which never properly increased, and then a subsequent decline, would set the stage for the real exit from the bull market.

[rezurect007]

This is clearly a scam - zero commission? Yeah right. I guarantee you that they will front-run your order.

They are only doing BTC and ETH atm. With the size of the average Robinhood account being under $1000, I don’t think front running will do much good.

I don’t use Robinhood but I get the impression they are more reputable than Coinbase. 

Ive been following them for quite some time.  Cut out the storefronts reduce overhead , their tech driven to keep commissions zero.
Helps people with lower income get into trading.
Reputable than coinbase i guess.

[somac.]

Bitcoin usually has to go down before it goes up, and similarly go up before it goes down. A fake breakout from within this pattern to somewhere between 14K at 20K at these same volume levels which never properly increased, and then a subsequent decline, would set the stage for the real exit from the bull market.

Maybe. It's all maybe until it happens.

[HairyMaclairy]

Tera what would consider to be good volume? 

[bones261]

holy WTF happened to my merit...lol

Here is your answer. https://bitcointalk.org/index.php?topic=2818350.msg29008685#msg29008685 I guess theymos felt that if you have the activity to be potentially Legendary, than you should get the same merit as Legendary.

[HairyMaclairy]

I’m alert

[explorer]

I’m alert

Wat's a lert?

[bones261]

A question for my esteemed colleagues. Is there a relationship between men pool size and price? If yes, is mempool a leading or trailing indicator of price?

I really fail to see why they would correlate.

I think the collapse in the mempool can be attributed to the "mystery" spammers giving up (as it has become increasingly obvious that no flippening will be forthcoming), Coinbase finally, belatedly, being shamed into batching and increased segwit adoption.

I am happy to be shown to be wrong.

I think part of the reason the spamming has stopped is the spammers know a clogged mempool may entice people to actually try the Lightning Network. If they try it, they may like it. Big Blockers want people to think the Lightning Network is a big scary thing. BCH is banking that their totally on-chain solution is the correct path.

[rezurect007]

Mempool : Hope they don't keep this up.
Corellation with upcoming volatility?