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

[Last of the V8s]

https://www.youtube.com/watch?v=fyZ-HlWFk78 world crypto network
coupla chinese miners. some interesting insights.

[becoin]

Who sold at the bottom?

[Neo_Coin]

new technologies do not get outlawed and never did. and bitcoin is a new technology.

new technology=blockchain they will not ban it of course.

but what im afraid of is that states+banks+multinational companies will use the technology to create their own [controlled] tokens. And when they are ready few years from now, they could start prohibiting  other cryptos from financial transactions. its impossible to ban people from sending bitcoin transactions, but they can ban e-shops/exchanges from accepting them for purchases payments, and push for their own controlled coins instead.
what would be bitcoin without ability to use it for buying stuff?

can always trade bitcoin for cash face to face.  They will never be able to prevent that, as long as paper money still exists.

No one can forbid two people to swap two strings of 49 characters.

[gembitz]

Maybe you're too young to remember that there was a prohibition of exporting pgp tech out of the US, until it was abolished after it leaked anyway.

I do remember that. Crypto was treated as a weapon, so code couldn't be exported. But books could, so there were chapters full of code printed in OCR-friendly fonts.

It's hard to ban ideas.

#Alexandriaproject Florins bitcoin SegWit testnet is fundamentally disruptive #expectus #hackation

https://poloniex.com/exchange#btc_flo

Bitcoin Socrates Meetup ===> Bitcoin to da mooon!!    

[Solarbankers]

Ready to climb back! Next target: +5,000 USD!

_______________________________________________________________________________ _____________________________________________________

▃ ▃ ▃
█ ▌▐ SOLARBANKERS▐ ▐ █
●—●—●— ●—●—●— ●— ●—●— ● THE BRIGHT SIDE OF LIGHT ●— ●—●— ●— ●—●— ●—●— ●— ●
● ICO launch October - November 2017 ● PRE-ICO OPEN NOW! 86% OFF! ●
— Facebook — Twitter — BTC Talk Thread — Telegram

[conspirosphere.tk]

can always trade bitcoin for cash face to face.  They will never be able to prevent that, as long as paper money still exists.

No, but if (when) they will abandon paper money and move to state crypto-fiat only we would be allowed to exchange decentralized crypto for state crypto only. And then we'll find to be all fu-ked, since they will have full control of state crypto (who has what etc.), with full power of censoring any tx or balance, unless some state-crypto mixer will be developed, which is quite unlikely.

[gembitz]

I leave the country on vacation, and BTC is taking it harder in the ass than my partner. What is going on ?!

Sheeit.

BTCBTC $1OOOO-$1OOOOO ===> new target   weeee

[jojo69]

gotta test 4250 first

[gentlemand]

https://www.youtube.com/watch?v=fyZ-HlWFk78 world crypto network
coupla chinese miners. some interesting insights.

It's sodding amazing how little we hear from the Chinese side of things. We need more of this. Plenty more.

[CoinCube]

Who sold at the bottom?

I bought at $4,600

PBS is putting out specials on bitcoin.
https://www.reddit.com/r/Bitcoin/comments/6xssq4/pbs_just_made_a_great_bitcoin_video/

Forbes is writing articles titled: Bitcoin Is The New 'Gold'
https://www.forbes.com/sites/panosmourdoukoutas/2017/08/30/bitcoin-is-the-new-gold/#6537f84c3b36

ZeroHedge: is openly speculating that a bitcoin ETF will be approved sooner than is commonly expected.
http://www.zerohedge.com/news/2017-09-01/bitcoin-surge-new-record-highs-above-4800-amid-renewed-etf-hope

Not a good time to sell imho

[savetherainforest]

^^^
This...

Bitcoin is such a mechanical brute! .. Now we can go some more up! Up! UPP!PP!P!P!P!P!!!!!!!!!!!    

[YamashitaRen]

00:29:08 4649.9 655.659

Buy order on Bitfinex

[rezurect]

new technologies do not get outlawed and never did. and bitcoin is a new technology.

new technology=blockchain they will not ban it of course.

but what im afraid of is that states+banks+multinational companies will use the technology to create their own [controlled] tokens. And when they are ready few years from now, they could start prohibiting  other cryptos from financial transactions. its impossible to ban people from sending bitcoin transactions, but they can ban e-shops/exchanges from accepting them for purchases payments, and push for their own controlled coins instead.
what would be bitcoin without ability to use it for buying stuff?

It would be interesting to find out how much percentage of bitcoins are used to purchase goods and services, how to trade and how much for long-term investment as safe haven.  

A shitload to trade I bet.

[Last of the V8s]

Tell us all your private keys or we'll

eat all your pies.

[BitcoinNewsMagazine]

I hate to be a Debbie Downer but I do not like the risk/reward for btc right now. If we manage to break through $5000 I see a maximum of $5500 to $7000 before a major (meaning painful) correction. I am talking about $2500 to $2800, 50% correction or back to the weekly 20 MA. You know it will come, we just don't know when. I would rather wait for a huge discount to buy. I hope I am wrong, really, but I doubt it.

[leowonderful]

I hate to be a Debbie Downer but I do not like the risk/reward for btc right now. If we manage to break through $5000 I see a maximum of $5500 to $7000 before a major (meaning painful) correction. I am talking about $2500 to $2800, 50% correction or back to the weekly 20 MA. You know it will come, we just don't know when. I would rather wait for a huge discount to buy. I hope I am wrong, really, but I doubt it.

Cut

It still doesn't hurt to dip your hands into the cookie jar and buy some Bitcoin right now. It's never a good idea to put too much in at one point anyways, and if you only buy a little now and buy the rest later it can't hurt- I also expect we probably won't break $5000 this time around, and we will continue on a temporary downwards trend.

[gog1]

Time for some consolidation.  Now the Chinese exchanges are at a discount to BFX, stamp, coinbase, etc., that has a to act as a drag.

thoughts?

[pfrtlpfmpf]

Bought at 4453, what more can i do ? My wife says hodl. but i can´t keep my fingers off of it !

[JayJuanGee]

Buying dips as well. It feels like some bearwhale playing dumpy dumpy on low liquidity. Shaking the tree while banks are closed for the long weekend.

Jimbo must be tired of walking back and forth by now...

He's no spring chicken, but whatever does not kill him, will make him stronger.   

[JayJuanGee]

I need to see some volume in this ramp to believe in it

You said that earlier too.  What's your point about the volume?  We have decent overall volume for the past 18 weeks, and going on 5 green weekly candles, too. What is the complaint?  You think we are not stable here, unless we get more volume?  What you are saying does not seem to have any foundation in reality, does it?  

If the price goes up or down dramatically, then we will get a lot of volume and a battle, but if we just have medium volume and ongoing trickling up, like our current state of affairs, then we are not experiencing any problem, are we?

Did I?  Would have been a couple weeks ago.

I should be more specific in my posts Jay.  Long term I am a true believer, really.

I was referring to the very short term ramp we experienced between 16:00 and 23:00 yesterday (UT-8) and my skepticism about that was well founded as it turned out.  All the volume has been with the bears so far since the last ATH and I am looking for buy side volume to signal that we are truly headed back up.

Also not seeing any volume in this $100 runup we have seen in the last 3 hours, I think the bears have more in them, short term.

It could be that I try not to get caught upon the dynamics of smaller scales.  For volume, I might look at the daily or the three day or the weekly, but i rarely am looking at shorter terms, except maybe to add them together.  Also, we can have ups and downs in volume for a few days, but really, we are not really going to be able to interpret that until we get to looking at a week or maybe using the three day candles.

Of course, maybe you can make some determinations on those smaller scales - but seems like a bit of voodoo science to me, especially the shorter the period that you are assessing and the more attempts at a blanket statement from such microanalysis.