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

[vapourminer]

IT'S OVER 3000!

https://coinatmradar.com

With a +7-10% buy premium, people will never use them though.

it shows two within a 30 mile radius of me. might have to buy some at one of them just for the lulz as ive never used (or even seen) a btc atm yet.

actually, I think I'm going to drive over and dump a C note in one just to check it out

my thinking exactly.

[1714897051]

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[1714897051]

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[1714897051]

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[cAPSLOCK]

IT'S OVER 3000!

https://coinatmradar.com

With a +7-10% buy premium, people will never use them though.

This is not true.  People will use them for the novelty of owning bitcoin, or for buying very small amounts.  Or because they don't have a better way to do it.

But I agree with the spirit of your post.  Until these things begin to become competitive they will stay in the general realm of being a novelty.

[cAPSLOCK]

 Normal life for traders

Bear with me here...
Bear here?
Bare?
Bear?
BEAR?
BEAR!
BEAR!
BEAR!

BEAR!
BEAR!
BEAR!
This is madness! I cant take it anymore.
BULL SHIT!
Bull Shit?
Bull?
BULL?
BULL!
BULL!
BULL!
..with me here...

Your 11:7 bear:bull ratio seems a little over-positive for you.

[JayJuanGee]

Is there anyone who think that big fee was one of the most important thing that made bitcoin what it is now? And now fee aint so big like it was.

If people resell some product from  person a, b, c, d .......i, and if fee is 1% then passing through 10 people price go up for 11% WITHOUT any external effect that would make price rise (or drop).
Imagine if there was no fee....or if fee was 1 time bigger....would shit be different?

Or let me ask you, if fee was 20% bigger (compared to current fee), you think bitcoin value would be bigger now? it would not be so a lot bigger that people would from start say "i gona gona stay away from this stuff, its to big fee", but all transactions would raise price

Problem happened when altcoins market % started to rise (but bitcoin was already high at that point) and there was to much of disscusion regarding fee.

I think big fee made bitcoin what it is.

What the fuck are you talking about screwball?  

Bitcoin has never had BIG fees - except for your wanting to make up facts that are based on short term spam attacks that took place for nearly two months between early December 2017 and late January 2018 - and that were likely too costly for the attackers to continue to keep, even though nutjobs shills like you and them like to spout out such attempts at "facts" based assertions.

I recognize that with your blabber, you are attempting to paint a longer period of BTC prices rising through time, as compared with nearly free fees that existed through several years of its beginning - perhaps more than 5 years of nearly non-existent BTC transactional fees.

The fact of the matter is that the most recent December 2017/January 2018 spam attack demonstrated that fees could serve as a mechanism that increases costs for attackers and creates second layer incentives, which kind of ran contrary to the incentives that the spam attackers were trying to create, which likely contributed to their choice to discontinue the spam attacks and to stick to pure fantasy propagandizing (like what you are doing) because such fantasy assertions do not cost as much to maintain and they may even achieve better FUD spreading results to attempt to trick folks into using non-bitcoin coins.  

[sirazimuth]

IT'S OVER 3000!

https://coinatmradar.com

With a +7-10% buy premium, people will never use them though.

This is not true.  People will use them for the novelty of owning bitcoin, or for buying very small amounts.  Or because they don't have a better way to do it.

But I agree with the spirit of your post.  Until these things begin to become competitive they will stay in the general realm of being a novelty.

Except for Jimbo....

[STT]

They say sell in May and go away. I bought (quite a lot) and I am here to stay: always the sum I am not afraid to lose. We will see how this unfolds: still bullish

Thats a western paradigm which holds alot of weight when the centre of the universe is Washington manufactured USD but with Bitcoin I do expect a seperate dynamic more globally based.  Apart from the price being quoted in dollars I really think the driving force is from Asia or any productive nation especially outside the inner circle of QE reserves.   I believe more selling exists in western markets then what is really driving Bitcoin up more then most of us expected long term.

Ever since the Death Cross late March bitcoin price has found resistance at the daily 200 MA. We are in a bear market until price breaks through the 200 MA. Also testing the 50 MA right now: if 50 MA does not hold next resistance range is $6400 - $7300.

https://bitcoinnewsmagazine.com/wp-content/uploads/2015/09/deathcross-1.png

Best case scenario IMO is we are range bound between the 50 and 200 MA until one or the other is breached.

Its not what I'd call a bear market, it feels alot more positive.   A rising 200 day average also seems to clash with that, maybe in time we see that measure turn negative and we should expect some decline and more challenging action.    I see indecision perhaps but not a negative market.

If June ends at these levels, it will be bad news for the end of 2018. you need to show us the peak. this speed is not enough for us.

I'd be fine if we end 2018 hovering anywhere round 10,000, I would never have guessed that previous to 6 months ago.   Worst case to me is to flip with high volatility and for BTC to be so unpredictable it throws and deters longer term investment and usage.   So if flip between 1k and 10k violently then sure, but just being boring and going sideways into 2019 at around this price level then its fine.
Maybe its bad for speculators and exchange monkeys hoping for the bigger swing but its really the base users who matter more.  Its possible futures have stolen some of that action, I would guess its some competition and pricing operating off the chain.

If the wider implication for BTC is we need to accumulate price or its somehow a negative then I really hope thats wrong.  Price should not equate to flight speed where we stall if we dont break 10k, I really disagree. Price is just an arbitrary figure and the world should be served by BTC at 3k just as much as it is at 10k.   Its a problem if that were true, price very likely rises from growth but unlike the FED I dont want to call inflation growth.



I dont know if its especially useful but I'm going to leave the channel in as I think it effects prices some. I still expect more positive action then prior to us leaving the trend down

[Torque]

IT'S OVER 3000!

https://coinatmradar.com

With a +7-10% buy premium, people will never use them though.

This is not true.  People will use them for the novelty of owning bitcoin, or for buying very small amounts.  Or because they don't have a better way to do it.

But I agree with the spirit of your post.  Until these things begin to become competitive they will stay in the general realm of being a novelty.

TBH I'm not sure what these Bitcoin ATM operators are thinking with having those premiums so high. I assume it's an attempt to recoup the cost of the ATM itself maybe? But they would do well to get those buy premiums down to at least 2-3%, otherwise people will just jump online to do it.

[jojo69]

Code:

10 buy 1 LTC for 0.0166 BTC
20 sell 1 LTC for 0.0167 BTC
30 goto 10

[bitcoinPsycho]

Btc price=rnd×1.76845779

[PoolMinor]

Code:

10 buy 1 LTC for 0.0166 BTC
20 sell 1 LTC for 0.0167 BTC
30 goto 10

This brings me back to the gold old Commodore Vic 20 days, prior to being able to use the data cassette unit to run programs.

[Elwar]

Code:

10 buy 1 LTC for 0.0166 BTC
20 sell 1 LTC for 0.0167 BTC
30 goto 10

This brings me back to the gold old Commodore Vic 20 days, prior to being able to use the data cassette unit to run programs.

I had the Vic20 with cool games such as the tooth brushing game and several math based games.

My introduction to programming was:
10 print "Chad is cool"
20 goto 10

Over time I did several print messages to make it look like an ASCII rocket going up the screen. I guess I was preparing for BTC even back then.

[jojo69]

It's funny guys.

My first "computer game" experience;

My dad brought a state of the art HP calculator home from work.  This thing could read (and write) programs on small, like 10mmx40mm mag strips.  you would feed the strip into a slot in one side and little rubberized feed wheels would spin up and spit it through and out the other side.

One of the program strips included when the unit was delivered was a "moon lander" game.  It was turn based.  It would briefly display your speed, range to the surface, and remaining fuel, then you would be prompted for a fuel burn input.

Yes, I did land it that night.

Yes...I am old.

[nanobtc]

Vic-20? I went for TI-994a. 16 bits, and all that.

[realr0ach]

Swarthy Hebrews of ill-repute crowded the bitcoin trading floors, their rodent-like claws, prodigious noses, and strong aroma of urine instantly repelling any humanoid passerbys.  Unintelligible demonic cries emitted from the foul beasts which one can only assume were balance sheet reductions. 

[LFC_Bitcoin]

Nothing to get excited about yet but it's nice to be moving in the right direction.
400 USD by the end of the month is my prediction.

Was just reading through some of my old posts. Lol at how much the price has risen yet we still have doom mongers & haters.

[Theb]

Is it just me or Bitcoin is forming a big cup ad handle pattern? At the 4 hour chart the Cup started around March 12 (9,815$) and ended on May 5 (9,850$) and now we are currently forming the handle. Bitcoin is looking very bearish right now and the cup and handle is the only thing I am seeing as a bullish sign in Bitcoin. And speaking how the way it looks where the cup is not well rounded as it should be forming  and with the candles forming like a "W" shape as a based I don't think even if we break out this up trend reversal won't last or will it even break the 11,700$ resistance. A Good Cup and Handle patterns should follow the well-rounded shape where the candles won't stray away from the formation which in this case is not.

[RealMachasm]

IT'S OVER 3000!

https://coinatmradar.com

With a +7-10% buy premium, people will never use them though.

it shows two within a 30 mile radius of me. might have to buy some at one of them just for the lulz as ive never used (or even seen) a btc atm yet.

actually, I think I'm going to drive over and dump a C note in one just to check it out

my thinking exactly.

Just had a look at the site now and there appears to be one located about 4 miles from me. The rates are pretty ridiculous though at £7332 to buy and £5616 to sell. Current spot price on Kraken is £6238. That is one hell of a markup.

[RealMachasm]

I began using computers when I bought my first ZX81 kit and built it.
It had a whopping 1K of RAM and programs could be saved and loaded to audio cassette tapes which was a real hit and miss affair.
Progression from there was the ZX spectrum, BBC micro, Commodore 64, Atari ST 400 (I think), Apple Macintosh....... modern day PCs.
Still, fun days.

[jojo69]

cash level anonymity has its price

do it while you still can

[DaRude]

IT'S OVER 3000!

https://coinatmradar.com

With a +7-10% buy premium, people will never use them though.

This is not true.  People will use them for the novelty of owning bitcoin, or for buying very small amounts.  Or because they don't have a better way to do it.

But I agree with the spirit of your post.  Until these things begin to become competitive they will stay in the general realm of being a novelty.

TBH I'm not sure what these Bitcoin ATM operators are thinking with having those premiums so high. I assume it's an attempt to recoup the cost of the ATM itself maybe? But they would do well to get those buy premiums down to at least 2-3%, otherwise people will just jump online to do it.

Guessing it's tailored for the silkroad crowd. That's still a thing right???