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

[Paashaas]

We are not done yet. Be patient.

I agree, hyperbitcoinization will rocket the price to $100m within 20 years and as early 2030

https://medium.com/coinmonks/hyperbitcoinization-winner-takes-all-69ab59f9695f

[Paashaas]

Price follows hashrate/difficulty?

Seems like it. So the next bull run will take it roughly to $30k-$50k.

[infofront]

Andreessen Horowitz Launches $300 Million Bitcoin and Cryptocurrency Fund

The fund will invest in non-speculative use cases which can promote adoption to the level of “hundreds of millions and eventually billions of people”, and will “invest aggressively” despite any sort of volatility or long-term bear market (a “crypto winter”).

$300 Million? Pffft. That's like 5 minutes of Tether printing.

[Tyr808]

Andreessen Horowitz Launches $300 Million Bitcoin and Cryptocurrency Fund

The fund will invest in non-speculative use cases which can promote adoption to the level of “hundreds of millions and eventually billions of people”, and will “invest aggressively” despite any sort of volatility or long-term bear market (a “crypto winter”).

$300 Million? Pffft. That's like 5 minutes of Tether printing.

Indeed, 300m is relatively very small.
The tipping point will be when (and if) bitcoin total market cap will reach 8 trillion, because then it will have surpassed gold.

[Toxic2040]

Good evening all.


Couple things of note.

1. Binance is down for a few hours for maintenance. Estimated time down was 4 hours I believe. Trading and withdrawals are suspended during this time.

2. GDAX is leaving us and will become Coinbase Pro at the end of the month. Its worth mentioning that API support will continue until the end of this year but migration to the new CB Pro API is recommended.


Not really news but I thought I would share. Kinda sad about GDAX... I have enjoyed the robust platform it brought to trading. Of course the new site is still using the same backend and its really just a new name but..change is always difficult for me.

----------
Bitcoin

The price continues to hover in the $6.2k range. Sellers appear to be exhausted for the time being as we slowly recover from a new yearly low. Volume is shrinking and indicators are still at the lower end of their range suggesting a spike in price might be approaching. On the daily chart we are still well below the moving averages with a $350 spread to reach that apparent resistance level. Many..myself included are probably sitting on the sidelines waiting to see what the close of futures on the CME bring us on the 29th. #dyor

1h


4h


D


 

[Tyr808]

Question of the day. How can there ever be a bear market affecting BTC, when tether can and will eventually be printed in great quantities?

.. fuckin' love the smell of fresh tether in the morning..

[Karartma1]

Ok, my version of the story.
If Bart does not make a huge leg up soon, well, bart's dead.

My regular monthly buy come at the beginning of July: I'm tempted to buy now.

Bart can't die. He's been 12 years old for like 30 years now.

That, my dear infofront, is the whole truth pure and simple.
 

[LFC_Bitcoin]

You have to admit, all the diving is sort of unseemly. American football is more dignified. If you watch it with the sound off.

American football stops every 10 seconds though, boring.

[El duderino_]

You have to admit, all the diving is sort of unseemly. American football is more dignified. If you watch it with the sound off.

American football stops every 10 seconds though, boring.

yeah think american football ain't as much fun than football...
just football such a nice sport

[bitserve]

Are we still poor?

[Last of the V8s]

Are we still poor?

Well, certainly somewhat financially challenged.

[bitserve]

Are we still poor?

Well, certainly somewhat financially challenged.

Poor.

[Last of the V8s]

Are we still poor?

Well, certainly somewhat financially challenged.

Poor.

Nein. Challenged by the legacy klepto-institutions, banks, media and other zombies.

The value of the USD is neither here nor there.

[bitserve]

Are we still poor?

Well, certainly somewhat financially challenged.

Poor.

Nein. Challenged by the legacy klepto-institutions, banks, media and other zombies.

The value of the USD is neither here nor there.

What I just said. Still poor.

[El duderino_]

Are we still poor?

Well, certainly somewhat financially challenged.

Poor.

Nein. Challenged by the legacy klepto-institutions, banks, media and other zombies.

The value of the USD is neither here nor there.

What I just said. Still poor.

if sold all or most of youre BTC holdings .... you can consider yourself poor otherwise right on scheme 

[Last of the V8s]

Are we still poor?

Well, certainly somewhat financially challenged.

Poor.

Nein. Challenged by the legacy klepto-institutions, banks, media and other zombies.

The value of the USD is neither here nor there.

What I just said. Still poor.

Oh well, if you put it that way.
Can we be rich in spirit though?

[4rt3m]

ING: INTEREST IN CRYPTOCURRENCY EXPECTED TO DOUBLE (AT LEAST)

Sixty-six per cent of people in Europe say they have heard of cryptocurrency. Fewer than one in 10 (9%) own it. An additional 16 per cent say they expect to own it in future, which suggests uptake could more than double. Considering a third of those in Europe (34%) have not yet heard of cryptocurrency the growth potential could be even higher.



http://bitcoinist.com/interest-in-cryptocurrency-expected-to-double-claims-ing-study/

[mymenace]

Gavin Andresen - Bcash king

How many rolls did it take to make your hat?  
What the hell, I'll play along. What are the actions -- or even utterances -- made by Gavin Andresen that lead you to labeling him as "Bcash king"?

https://news.bitcoin.com/gavin-andresen-drops-a-new-concept-on-github-for-bitcoin-cash/
https://twitter.com/gavinandresen/status/929377620000681984?lang=en
Bitcoin Cash is what I started working on in 2010: a store of value AND means of exchange.

Umm hmm.... umm hmmm. So one posted idea and one public statement is all it takes to become king. Got it.
Perhaps your hat needs yet another roll of tinfoil.

I am not the one on the defensive here
Why are you so irate about BCash being developed by Gavin

Most people who call other people conspiracy theorists, are the ones actually hiding something

..."Mr. Andresen doesn’t regularly post to his blog, but when he does, the Bitcoin developer community pays attention. Satoshi’s entrusted developer, who caused controversy early in Bitcoin’s existence by visiting the CIA to discuss the digital currency, had his commit access to the Bitcoin code repository stripped by Wladimir Van der Lann"...

The core developer supports a larger block size. While there are many kinks that are being worked out, he shrugged it off in a sense: “Is scaling a big deal? I actually think it's not.”


Then Andresen continued:

    "That may be what has to happen with the block size, frankly. I may just have to throw my weight around and say, 'This is the way it's going to be. And if you don't like it, find another project.'"


Really had it in for satoshi

[Torque]

We are not done yet. Be patient.

I agree, hyperbitcoinization will rocket the price to $100m within 20 years and as early 2030

https://medium.com/coinmonks/hyperbitcoinization-winner-takes-all-69ab59f9695f

If Bitcoin (or any particular cryptocurrency) is viewed as "trendy", "fashionable", or "en vogue" then its popularity and growth won't last another decade, much less the next 50 years.

[Wekkel]

I think ING is on to something here. The Big Wave has not started yet. It just takes more patience and sufficient progress in development so that adoption slowly increases, slowly but steadily.