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Question: Closing BTC Price June 17:
$0 - 2 (1.6%)
<$6,500 - 7 (5.7%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.6%)
$7,001-$7,250 - 3 (2.4%)
$7,251-$7,500 - 6 (4.9%)
$7,501-$7,750 - 4 (3.3%)
$7,751-$8,000 - 12 (9.8%)
$8,001-$8,250 - 13 (10.6%)
$8,251-$8,500 - 6 (4.9%)
$8,501-$8,750 - 6 (4.9%)
$8,751-$9,000 - 11 (8.9%)
$9,001,$9,250 - 12 (9.8%)
$9,251-$9,500 - 13 (10.6%)
>$9,500 - 16 (13%)
$20,000 - 9 (7.3%)
Total Voters: 123

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21224580 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (64 posts by 15 users deleted.)
Toxic2040
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June 22, 2018, 08:59:40 PM

Bitcoin shits the bed again. Capitulation confirmed.
Market should be quite volatile as people try and exit positions. #dyor

1h
Shorts going vertical


D
default cloud settings


D
20,60,120,60 cloud settings


*edit*  Game over Doug. Sorry bro..tried like hell.
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June 22, 2018, 09:00:00 PM
Merited by JayJuanGee (1), infofront (1)

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Not quite.
Imagine you're i na store buying for 150€ of clothes. Wouldn't it upset you to wait like 15 or 20 minutes for a block? xD
You see yourself waiting near the exit that the block passes?
And if it take 4 blocks nearly an hour spent waiting?

That's completely crazy ^^

Most merchants use a payment processor like BitPay, or even an open source one. Those things can be configured to accept zero conf, or use some sort of in store credit system.

Some stores will ask you for info; if you or your wallet does a double spend they can run after you.

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Not any longer. BTC broke that model with the introduction of RBF.

It still works. RBF in the Core client can only be used to increase the transaction fee of the transaction, which is a good thing eh?


And I know this is old news, but even pirates won't accept BCH.

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June 22, 2018, 09:00:22 PM

What a sad state of affairs

It's perfectly normal. Anyone shocked by this has not read their history.

The last epic crash was caused by the Gox ‘hack’.
In my opinion a crash of this % wasn’t expected, there’s nothing overly negative driving it. I don’t understand why people are selling now.
Come on, this is just the usual shit. Too many weak hands left. This pattern will repeat endlessly over the coming decades, best get used to it.
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June 22, 2018, 09:08:05 PM

I just wired some money to Kraken. How long does that usually take, for a domestic wire transfer?
This will be my largest purchase since 2015. Hopefully there's more blood soon.
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June 22, 2018, 09:08:05 PM

Well, silver lining, at least I don't have to worry about jello now.  ¯\_(ツ)_/¯
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June 22, 2018, 09:09:04 PM

Well, silver lining, at least I don't have to worry about jello now.  ¯\_(ツ)_/¯

I was kind of looking forward to that  Wink
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June 22, 2018, 09:09:34 PM
Merited by LFC_Bitcoin (1)

Was looking like $6000 would hold.

Whales pushing hard now, this is going under $6000 in the next hour Sad

Looks like Doug Polk just lost his bet a few minutes ago.    Shocked
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June 22, 2018, 09:09:41 PM

Ok, now i start to be scared. Weak hands are pleased to be shaken fast, I am really getting pissed now!
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June 22, 2018, 09:11:19 PM

Oh Shit, dat store of value ... More like toilet flush of value.


Store of value is not based on short term price fluctuations.  You seem to be perverting the concept of short of value.  For what purpose?  To sound dumb?    Cheesy Cheesy Cheesy
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June 22, 2018, 09:12:02 PM

Was looking like $6000 would hold.

Whales pushing hard now, this is going under $6000 in the next hour Sad

Looks like Doug Polk just lost his bet a few minutes ago.    Shocked


Confirmed. Below $6,000 on the 5 largest exchanges. The other ones are soon to follow.

I can't believe how fast this happened (OK, yes I can). We were sitting pretty around $6,700-$6,800 just hours ago.
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June 22, 2018, 09:22:17 PM

I just wired some money to Kraken. How long does that usually take, for a domestic wire transfer?
This will be my largest purchase since 2015. Hopefully there's more blood soon.

I never wired money to Kraken or any other exchange - however, in 2016, 2017, I received several wires from my Gemini account to my USA domestic bank account, and during regular business hours, those wires tended to take anywhere between 1 hour and 4 hours to go through.  The process and the timeline should be similar for sending to Kraken?
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June 22, 2018, 09:24:12 PM

Well, silver lining, at least I don't have to worry about jello now.  ¯\_(ツ)_/¯

I was kind of looking forward to that  Wink

might have been embarrassing for modest peeps.   Wink
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June 22, 2018, 09:30:52 PM

Was looking like $6000 would hold.

Whales pushing hard now, this is going under $6000 in the next hour Sad

Looks like Doug Polk just lost his bet a few minutes ago.    Shocked


Confirmed. Below $6,000 on the 5 largest exchanges. The other ones are soon to follow.

I can't believe how fast this happened (OK, yes I can). We were sitting pretty around $6,700-$6,800 just hours ago.

Maybe I did not understand the measurement to be 5 major exchanges?  Not that it really matters, now.

Was there a specification of what counted as "major exchange"(s)?   

I already saw below $6k having had happened on almost every dollar/BTC paired exchange (Except WEX, which is not really no longer major) (though currently back above $6k) including GDAX, Stamp, Gemini, Bitfinex and Binance.
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June 22, 2018, 09:36:51 PM

I'm probably going to absolutely hate what my bot did while I was at work. Something tells me that this minnow just got eaten whole. Unfortunately, don't have the PW to the bot site. Stored in a PW manager at home. Cheesy
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June 22, 2018, 09:38:27 PM

I just wired some money to Kraken. How long does that usually take, for a domestic wire transfer?
This will be my largest purchase since 2015. Hopefully there's more blood soon.

I feel good to see this kind of optimism here. I have some fiat ready in a exchange just waiting for the bloodbath too.

Wall observer could save a lot of newbies and weak hands if they could find it.
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June 22, 2018, 09:45:31 PM

...

I was hoping $ 6001.00 at least... pray god my orders get fills..  Huh Huh Huh Huh

Me trying to understand fools:


Me trying to understand IDIOTS....

$6,043.78 USD (-10.24%)

Come to papi baby.... !!!! Grin Grin Grin Grin Grin Grin Grin Grin
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June 22, 2018, 09:48:33 PM

I stopped buying above $6k a few months ago.  

Looks like I am going to get a chance to re-enter accumulation phase.  

I’m stoked.  Sending first round of fiat to exchange now.  I’m aiming for the next halvening at this point. 
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June 22, 2018, 10:06:13 PM
Merited by Wekkel (1), Hueristic (1), Dunkelheit667 (1)

They paint the world full of shadows, and then tell their children to stay close to the light. Their light. Their reasons, their judgments. Because in the darkness, there be dragons.

But it isn't true.

We can prove that it isn't true.

In the dark there is discovery, there is possibility, there is freedom in the dark when someone has illuminated it.
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June 22, 2018, 10:06:46 PM

Confirmed. Below $6,000 on the 5 largest exchanges. The other ones are soon to follow.

Importance of exchanges for price discovery is decreasing. Most of Bitcoin trading is already done out of official exchanges and price is higher than on exchanges.
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June 22, 2018, 10:17:29 PM

The sooner we get this over with, the better. Remember, for every seller, there’s a buyer  Roll Eyes
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