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

[Biodom]

India is against bitcoin AND against cash. Funny how that works.

Mmm A cashless, government controlled society, who wouldn't like that....

What Facebook coin is planning it seems.....see the link...$10,000,000 'decentralized' to run a NODE ...it is claimed...sh*t

https://www.forbes.com/sites/billybambrough/2019/06/06/facebooks-radical-bitcoin-beating-cryptocurrency-plans-revealed/#40e3580a3564

this is going to be something that is stillborn.
Reasons:

1. it's a basket, so if you local currency is increasing vs "basket', you would actually lose money transacting in this.
2. Do you expect dozens of governments outsourcing their currency to facebook? LOL.
3. What would establish the value?
4. it is not a legal tender and would never be one.

[gentlemand]

What Facebook coin is planning it seems.....see the link...$10,000,000 'decentralized' to run a NODE ...it is claimed...sh*t

https://www.forbes.com/sites/billybambrough/2019/06/06/facebooks-radical-bitcoin-beating-cryptocurrency-plans-revealed/#40e3580a3564

It's looking more far out than I was expecting. I wonder whether they'll pull it off minus hiccups. My feeling is - no.

[Icygreen]

It's time for me to start using the corn for day to day things.
This week I'm learning to be a better consumer and I've started making my household shopping list on Amazon and then proceeding to purchase everything via purse.io with BTC with a minimum 15% discount just for using BTC!  
 I will be allotting even more of my funds into Bitcoin with this shift.  Probably keep most of it in fiat on the exchange to buy as I shop or BTFD when its obvious. Makes sense right?
Feels good to actually use a little instead of just hoarding for the future.

[Last of the V8s]

binance stuck?

Wow, it's still stuck.

EDIT: Even though the withdrawal page is working, it's really not sending out the withdrawals. Just tried to withdraw my ADA, they're stuck in there.

Funds safu?

EDIT2: An update:

System Upgrade Notice

Dear Fellow Binancians,

Binance will perform a temporary system upgrade starting at 2019/06/07 20:00 (UTC). The upgrade will take approximately 3 hours. 

Binance will suspend deposits, withdrawals, and trading during this period. Deposits that are not completed before the start of the upgrade will be processed after the completion of the upgrade. Please allow some time for deposits to show up in your account after the system upgrade.

We apologize for the inconvenience, and thank you for your patience!

Please note: The 3 hours is our best estimation and may vary. As usual, we will maintain regular communication on the progress of the upgrade on our various social media channels.

Thank you for your support!

Binance Team

2019/06/07

lol thx raja
am not the only one to miss that
but still

[FractalUniverse]

now??

Binance will perform a temporary system upgrade starting at 2019/06/07 20:00 (UTC). The upgrade will take approximately 3 hours.

[gentlemand]

now??

Binance will perform a temporary system upgrade starting at 2019/06/07 20:00 (UTC). The upgrade will take approximately 3 hours.

Impromptu hackathon.

[El duderino_]

Dammit V8 you where scaring me, I was instant selling and causing that 8100 to 7900 drop

Good Raja saved the day, buying it back in and going for extreme early HODLsleep.... Damn am I tired!!!!







Edit: Of-course didn't sell a piece of corn

[LFC_Bitcoin]

Dammit V8 you where scaring me, I was instant selling and causing that 8100 to 7900 drop

Good Raja saved the day, buying it back in and going for extreme early HODLsleep.... Damn am I tired!!!!







Edit: Of-course didn't sell a piece of corn

I was about to say

[jbreher]

or when in movie blockbusters they use an Azian guy, just to sell better in China etc.... Hate those things...

I dunno. I can't seem to imagine a Jackie Chan flick without an Asian guy in the lead.

[jojo69]

Magic line update;  upper line is currently resistance

[Last of the V8s]

Bitcoin. You are a

[xhomerx10]

^^^
Btw

An HAT update for spaceman could look awesome witheout white and with 3D   

 Another day, another mind-boggling adventure.

Awesome. It's Calvin escaping from a black hole.

The only time I ever see Calvin these days is when he's in a decal taking a piss on the back of some douchebag's truck.

  You guessed it! 
I love Calvin and Hobbes but I honestly hate that decal. 

[VB1001]

According to Grayscale, many investors are not aware of the bitcoin block reward halving.
As such, it still remains a key factor for the price and it is not completely priced in.

"We were surprised to learn that many of them were not even aware of this event." (Grayscale)

https://twitter.com/iamjosephyoung/status/1136949078879744000

[JayJuanGee]

Am I going to be the first to say, welcome back $8,000 our dear friend.

Hope to see more of you in the rear view mirror.     

[VB1001]

^
You have to have a very large mirror.

[alevlaslo]

BTC will be long in the sidewall, take altcoins

[VB1001]

The raw SOPR is slightly over 1. It seems that current SOPR levels are really decreasing the supply, so prices get a harder time going lower.

But the really interesting thing this time is the 7d median SOPR. It's closer to 1 now, but still not there. The median SOPR seems to be a better trading indicator, since it removes some of the noise created by random big address moving coins around.

Another interesting thing is the average output lifespan. It's very low, denoting that mainly short lived outputs are being moved. One more time it implies that long time holders are not moving/selling their coins.

https://twitter.com/renato_shira/status/1137056836971040768

Introducing SOPR: spent outputs to predict bitcoin lows and tops

https://medium.com/unconfiscatable/introducing-sopr-spent-outputs-to-predict-bitcoin-lows-and-tops-ceb4536b3b9

[JayJuanGee]

^
You have to have a very large mirror.

Just seemed like a good thing to say.   

[VB1001]

edit:

I start to fail my central hard drive

Already published by @Last of the V8s

https://bitcointalk.org/index.php?topic=5138321.0

[Saint-loup]

According to Grayscale, many investors are not aware of the bitcoin block reward halving.
As such, it still remains a key factor for the price and it is not completely priced in.

"We were surprised to learn that many of them were not even aware of this event." (Grayscale)

https://twitter.com/iamjosephyoung/status/1136949078879744000

Very interesting news!  
thank you

Edit: I found the original quote

Is the Halving Priced In?
 

The halving is close enough that it’s time to start talking about it more seriously, but far enough out in the future that it’s unclear whether it’s priced into the market efficiently. In fact, based on anecdotal conversations with market participants, we were surprised to learn that many of them were not even aware of this event. Moreover, according to Unchained Capital, less than 32% of the bitcoins in circulation have remained in the same wallet addresses since July 2016.3 This is consistent with our own determination that a large number of existing bitcoin holders are investors who have entered the market in the last three years. For many of them, this is uncharted territory and could very well be their first halving event.

While some investors in the digital asset ecosystem appear to have a short-term bias, strategies with a multi-year investment horizon and the discipline to hold strategic positions in Bitcoin through these events have historically generated outsized returns. For example, in the one-year periods following the first and second halvings, bitcoin’s price rose by roughly 81x and 3x, respectively.

https://grayscale.co/the-next-bitcoin-halving/