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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16053. (Read 26710226 times)

legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
just hooked up my old asicminer block erupter USB sticks and started running them again. pretty sure i won't make a cent, but screw it.

course two hubs seemed to have died on me... 13 sticks not running. Sad

this, of course, means the price will tank.
Indeed. People are sending me A6's for repair. Actually pretty nice little miners, quiet and respectable.

$7500 a bitcoin is just.... wow.

C
hero member
Activity: 491
Merit: 500
I found a bug at Bitfinex that is making them micro money. Nothing big, but still...
Any advice how to handle this?
Thanks in advance.
legendary
Activity: 3388
Merit: 3514
born once atheist
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
 But what drives this - is it simply because Core is THAT hated?  

This is a stupid-ass assertion.

"core is THAT hated" is a bunch of made up shit.

These guys are so full of shit that they would fabricate some stupid ass hate against anyone  - even if "core" were the diety of satoshi himself.

By making these kinds of attempts to redefine bitcoin - and attempting to suggest that they are the "original vision" - just hoping and praying that the network follows over to some redefinition that is supposedly "the original vision"... ... does not seem too likely to happen, even though there are various BIG players who seem to be inclined to go along with such  supposed attack vector that would, like you said, likely kill the golden goose if any bunch of nutjobs can just go in and thereafter create some kind of scenario that causes them to be the "longest chain" and without having the real umph of bitcoin - which is that it needs to be difficult to change - and that is not a comment on the rogueness of Core, but instead a comment that core is not centrally controlled and even this supposed fabricated concept of core members cannot really affect the direction of bitcoin without first achieving some kind of meaningful (rather than fantasy fabricated) consensus.
legendary
Activity: 3388
Merit: 3514
born once atheist
back in the olden days, many crypto years ago,
we used to post pics of rockets and moons and roller coasters when it was ATH.
ah yes..memories! ..those were the days!!
 (mind you, one crypto year = about one week in real time... you know, sorta like "dog years" but even more so)

oh wait a minute....nm!!
sr. member
Activity: 854
Merit: 277
liife threw a tempest at you? be a coconut !
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
I dunno about you guys, but I'm totally cool with Bitcorn sorta hanging out and consolidating where it's currently at. For a day at least... then resume moonshot...


What you are suggesting is almost an impossible scenario.

There is too much excitement, currently, and the most likely direction is up.

Sure, of course it could consolidate, but it generally is not going to consolidate at the top of a wave...


Maybe if it goes down 10% or so, then it could consolidate 5% below the wave, perhaps?  But just does not seem like consolidation is in the cards at the moment.
hero member
Activity: 1848
Merit: 640
*Brute force will solve any Bitcoin problem*
Its getting into nice accelerating parabolic phase. Lips sealed
any shorts attempts can get margin called quickly accelerating it further. This beast can still move up thousands of dollars within few days or "correct" from here.
Its hard to guess,but my bet is its going to get close to 10k at least -because parabolas dont usually end with long sideways move or slow retrace..
Any outcome will be interesting for sure Smiley

BTCBTC soon>.>~$12,OOO per trusted sources Cool weeee
hero member
Activity: 1034
Merit: 558
Its getting into nice accelerating parabolic phase. Lips sealed
any shorts attempts can get margin called quickly accelerating it further. This beast can still move up thousands of dollars within few days or "correct" from here.
Its hard to guess,but my bet is its going to get close to 10k at least -because parabolas dont usually end with long sideways move or slow retrace..
Any outcome will be interesting for sure Smiley
hero member
Activity: 1848
Merit: 640
*Brute force will solve any Bitcoin problem*
For the first time ever, bitcoin is now looking like a bubble to me as well. Its value shouldn't have been like this till at least the start of next year. $7500 in 2017? We're in a little bubble now, I guess.

I'm expecting some bad news now actually, pushing its value back to $5000... Roll Eyes

correcting UP^ bitcoin new target>.>$12,OOOx$15,OOO+ confirmed!! Cool #trusted_legendary
legendary
Activity: 1652
Merit: 4393
Be a bank

big blocks--stinky fiat
legendary
Activity: 1778
Merit: 1008
just hooked up my old asicminer block erupter USB sticks and started running them again. pretty sure i won't make a cent, but screw it.

course two hubs seemed to have died on me... 13 sticks not running. Sad

this, of course, means the price will tank.
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
ATH @ Kraken!

6400 €

legendary
Activity: 2688
Merit: 2470
$120000 in 2024 Confirmed
5 consecutive days with an ATH.

 Shocked
its the new normality . I see it as an upward correction
legendary
Activity: 1652
Merit: 4393
Be a bank

But a wildcard that I'm expecting is the implosion of Finex.

What the fuck is this?  A complete conspiracy?  Do you have any evidence at all that this is likely beyond pure speculation that Bitfinex is getting BIG again?

By the way, Bitfinex has to have a bit of confidence in their solvency and even their attempt to run a legitimate business since they had the balls to kick out all of the USA customers, including yours truely.  Maybe you are going to assert that I am naive, but if Bitfinex truely wanted to exit scam us, wouldn't they have already done it?  They weren't ready to exit scam us, so now they are building up business in order to exit scam us on their own convenient time line? 

Come on!!!

[insert jim carey "come on meme" here, with the water spitting part]

you're lucky you're out, cos it's true they're gonna go phft. they're backed by promises to pay rather than money. not a bitcoin business at all
legendary
Activity: 1358
Merit: 1016
I'm very happy but calm down bitcoin!!! Scared of the correction here!!! Let's stay between 7000-7500 for a day or so.
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
5 consecutive days with an ATH.

 Shocked
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
You mean that after all of this discussion of "wave 5", we have not even arrived at it yet?Huh

 Angry Angry Angry

I am really ANGRY, if you cannot tell...

Idk. They say that you can see waves with some certainty only retrospectively, and I'm not an expert for sure.

hahahahaha...

Seems like both of us had been exaggerating a bit and perhaps joking to the degree that at some point we need to say something that is more grounded in reality...   

So, yeah, I agree with you that it is quite likely that waves cannot really be understood too well, except when looking back historically, and likely such assertion is even more true with something like bitcoin that seems to be exploring uncharted territory, immature, and possibly in a kind of s-curve adoption phase.




IMO I don't expect much resistance until the 9K, even because S2X seems to be a dud even worse than the other fork attacks.
And once S2X will be revealed as the fail that it is I see just a free highway going forward.


Well, you have a few main ideas going on here or at least various branches of your assertion(s).

I agree with the general suggestion that the upcoming forkening (if it happens) is causing some of our current price dynamics - and we likely need to attempt to specify exactly the forces to be able to recognize that the overall dynamics is causing ongoing and upwards BTC price pressures.

In that context, we still have about 11 more days before the proposed forkening, which is kind of a lot of time in bitcoinlandia, which could cause some thoughts that this particular price rise from $5900 to $7500 has come to us a bit "early".. and in that regard, it seems difficult that we would only have UPPITY for the next 11 days because that would likely be too much. and surely cause a kind of bubble (if not merely temporary)..

Even though I could be wrong, I also think that you are a bit premature to just throw $9k in there as our next resistance level.  Sure, earlier, I had indicated that I though that $6800 to $7800 was our next resistance range - yet we seem to be kind of floating right through it, even though we have not surpassed $7800, yet.  But I suspect that if we do get passed $7800 in the coming days - or even week, the next resistance range of $9600 to $13600 is going to be more than fair game, even before this proposed forkening.

Of course, if we go passed $13600 for this particular upwards price movement, then we are likely a bit fucked in terms of the level of any likely correction.. and gosh, I am not even really sure whether it would be fair to discuss what the resistance level might be after $13600, but would likely be in the $17k to $20k territory-ish.


So what happens after or during any actual forkening, if it occurs, would likely depend upon how we much upwards we had in getting to the forkening and also whether this segwit2x is actually a dud in fact and how long it takes to determine that it is a dud, if that ends up being the outcome (which I agree seems to be amongst the most likely of the scenarios).


I kind of agree with the scenario that there is going to be a decent amount of further UPPITY, in the event that the forkening is resolved quickly in showing the absurdity of the s2x proposition.


But a wildcard that I'm expecting is the implosion of Finex.

What the fuck is this?  A complete conspiracy?  Do you have any evidence at all that this is likely beyond pure speculation that Bitfinex is getting BIG again?

By the way, Bitfinex has to have a bit of confidence in their solvency and even their attempt to run a legitimate business since they had the balls to kick out all of the USA customers, including yours truely.  Maybe you are going to assert that I am naive, but if Bitfinex truely wanted to exit scam us, wouldn't they have already done it?  They weren't ready to exit scam us, so now they are building up business in order to exit scam us on their own convenient time line? 

Come on!!!

[insert jim carey "come on meme" here, with the water spitting part]
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