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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16613. (Read 26609692 times)

legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow  Cheesy
This would be a nice dip to buy...

No public holiday in Sweden, what holiday are you talking about?

Already mentioned that a little later. To correct myself: In the important parts of Europe is public holiday today  Tongue (just joking)

Don't know about the "important" part, but you catholics do have a lot more holidays than we do, Luther did away with way too many saints. But still, what holiday is it?

Ascension of Mary

Thanks.
sr. member
Activity: 1400
Merit: 347
It seems I lost a small dip on $3800. Very fast train this one.

Will refuel my rocket anyway.
hero member
Activity: 784
Merit: 1001
Is this that ackward moment in which people that were praying for a dip a few hours ago are now too scared to rebuy?

BIP 141 (Segregated Witness) activation is scheduled to take place in: 1175 Blocks (8.15 days)



Hi bitserve,

Do you think the price will go up after activation in just over a week? I mean surely it's priced in as it's a guarantee now. Seems strange it going up at that moment when everyone knows about it.

Also I know btc is it's own beast but didn't litecoin drop after activation and then increase in price later?

Love to know everyone's thoughts here.



The only reference I can use is Litecoin. It kept pumping until just after activation. Then a mild drop that took some days(?)  to recover.

At the moment, Bitcoin is doing exactly the same. So it should keep rising until activation. I wouldn't be surprised if it breaks 5K during last days/hours before activation.

Of course, both are not the same. Litecoin didn't need Segwit as much as Bitcoin does, because it had no capacity problem... but Segwit is much more than that though.

There have been some interesting advances in Segwit wallets and even in Lighting Network. I think it will be those advances what will propel Bitcoin to new heights, but not sure if it will be right after activation or a few months later.

Also, Segwit "capacity increase" will become more noticeable as soon as more people and services start using segwit tx's, something that will come gradually over the next few months.

In conclusion, I don't fucking know.... But I think the scenario is very bullish and that, even if it dips now, it should keep rising later.

Right here I'd like bitserve, rjclarke2000, Elwar, Torque, lightfoot, infofront, JimboToronto and Searing's opinion.

Interesting times are coming. Segwit is about to activate. We already know Litecoin's behavior. But things are different right now. Another fork is about to happen. And this is not like the previous, when the honey badger just ignored the altcash for our cheers. About 8 days from here we may see Bitcoin's price submerge and another alt rise with (maybe) half BTC's value.

In my opinion it would be similar to March's Winklevoss ETF. There happened a rush from $800+ to $1200+ in a few minutes, then... BOOM! Two months to recover to another (very celebrated) ATH.

Not that I care about it, I learned my lesson from afrocoin's irresponsibility. I'm a Matrix hodlr since then.
I'm asking only because I'd like to have some help to predict a window where I could buy some cheap coins.

Thank you for you attention.

I know you didn't ask for my opinion, but I figured I'd toss in my thoughts anyway ...

I wouldn't draw too many parallels between price action around segwit activation for litecoin vs bitcoin. There's a tiny but nevertheless worrisome chance -- especially worrisome to new investors -- that SegWit activitation in 8 days will trigger some unexpected software bug and cause some sort of technical disaster. So when SegWit activates and the first SW transaction propagates without mishap, that could be a little bullish. So same effect as bip141 lock-in, although maybe not as pronounced. Up until a few weeks ago, investors have been viewing litecoin as a hedge against the possibility of unending deadlock on the scaling debate. SW lockin and activation was less of a concern for litecoin than for bitcoin, relatively speaking (relative to the other forces driving litecoin price).

For context, I'm viewing this under the assumption that the current uptrend is fueled by institutional investors who are just now getting comfortable with bitcoin investing. So I try to interpret events from what I imagine their perspective to be.



sr. member
Activity: 854
Merit: 307
This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow  Cheesy
This would be a nice dip to buy...

No public holiday in Sweden, what holiday are you talking about?

Already mentioned that a little later. To correct myself: In the important parts of Europe is public holiday today  Tongue (just joking)

Don't know about the "important" part, but you catholics do have a lot more holidays than we do, Luther did away with way too many saints. But still, what holiday is it?

Ascension of Mary
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow  Cheesy
This would be a nice dip to buy...

No public holiday in Sweden, what holiday are you talking about?

Already mentioned that a little later. To correct myself: In the important parts of Europe is public holiday today  Tongue (just joking)

Don't know about the "important" part, but you catholics do have a lot more holidays than we do, Luther did away with way too many saints. But still, what holiday is it?
full member
Activity: 294
Merit: 103
So I think I'm feeling ready to make the move to accept bitcoin as an advertised method of payment in my jewelry business. I've been toying with the idea and suggesting it to customers for awhile now for the reaction.  In July, about 70% had heard of it, 1% had some but wouldn't use it, and around 30% who had heard of it said "not for me".  This week I noticed a much broader interest in bitcoin from my customers which turned into short conversations and several eavesdroppers approached me later to ask more about it.

My customers are largely middle and upper middle class.
I have a 17 day show starting this week and I've already printed the sign. BTCitcoin Accepted Here!

Yo da real MVP!
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
So I think I'm feeling ready to make the move to accept bitcoin as an advertised method of payment in my jewelry business. I've been toying with the idea and suggesting it to customers for awhile now for the reaction.  In July, about 70% had heard of it, 1% had some but wouldn't use it, and around 30% who had heard of it said "not for me".  This week I noticed a much broader interest in bitcoin from my customers which turned into short conversations and several eavesdroppers approached me later to ask more about it.

My customers are largely middle and upper middle class.
I have a 17 day show starting this week and I've already printed the sign. BTCitcoin Accepted Here!

I've wanted to do the same thing. I own an electrical business but hardly anyone knows what bitcoin is where I live.

Well done to you.

I have had that sign on my online store since 2013, not one single person have yet paid with bitcoin. But I keep it there anyway for PR purpuses.
hero member
Activity: 1011
Merit: 721
Decentralize everything
Well, it didn't hold. Seems to have bottomed out at exactly 3800 which is quite odd, but I'll take it. Hopefully it stays above $4xxx this time around.

It makes sense, the drop on the 13th already tested that region for support. Fingers crossed it stays firm..


That picture is awesome and a perfect depiction of what was going on at the time.

I thought it rather apt also, unfortunately I found it on Google so can't take credit for the amazing drawing skills Smiley
full member
Activity: 282
Merit: 106
About 8 days from here we may see Bitcoin's price submerge and another alt rise with (maybe) half BTC's value.

Please explain that...
full member
Activity: 282
Merit: 106
This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow  Cheesy
This would be a nice dip to buy...

No public holiday in Sweden, what holiday are you talking about?

Already mentioned that a little later. To correct myself: In the important parts of Europe is public holiday today  Tongue (just joking)
sr. member
Activity: 1022
Merit: 256
Bitcoin correction right now. I hope we can stand still and firm at 3800 level. September is another drama period for bitcoin so it will be another drop before a huge rally. I am really feeling that those above the clouds prediction before at 10,000 this 2017 is happening.
full member
Activity: 294
Merit: 103
Is this that ackward moment in which people that were praying for a dip a few hours ago are now too scared to rebuy?

BIP 141 (Segregated Witness) activation is scheduled to take place in: 1175 Blocks (8.15 days)



Hi bitserve,

Do you think the price will go up after activation in just over a week? I mean surely it's priced in as it's a guarantee now. Seems strange it going up at that moment when everyone knows about it.

Also I know btc is it's own beast but didn't litecoin drop after activation and then increase in price later?

Love to know everyone's thoughts here.



The only reference I can use is Litecoin. It kept pumping until just after activation. Then a mild drop that took some days(?)  to recover.

At the moment, Bitcoin is doing exactly the same. So it should keep rising until activation. I wouldn't be surprised if it breaks 5K during last days/hours before activation.

Of course, both are not the same. Litecoin didn't need Segwit as much as Bitcoin does, because it had no capacity problem... but Segwit is much more than that though.

There have been some interesting advances in Segwit wallets and even in Lighting Network. I think it will be those advances what will propel Bitcoin to new heights, but not sure if it will be right after activation or a few months later.

Also, Segwit "capacity increase" will become more noticeable as soon as more people and services start using segwit tx's, something that will come gradually over the next few months.

In conclusion, I don't fucking know.... But I think the scenario is very bullish and that, even if it dips now, it should keep rising later.

Right here I'd like bitserve, rjclarke2000, Elwar, Torque, lightfoot, infofront, JimboToronto and Searing's opinion.

Interesting times are coming. Segwit is about to activate. We already know Litecoin's behavior. But things are different right now. Another fork is about to happen. And this is not like the previous, when the honey badger just ignored the altcash for our cheers. About 8 days from here we may see Bitcoin's price submerge and another alt rise with (maybe) half BTC's value.

In my opinion it would be similar to March's Winklevoss ETF. There happened a rush from $800+ to $1200+ in a few minutes, then... BOOM! Two months to recover to another (very celebrated) ATH.

Not that I care about it, I learned my lesson from afrocoin's irresponsibility. I'm a Matrix hodlr since then.
I'm asking only because I'd like to have some help to predict a window where I could buy some cheap coins.

Thank you for you attention.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow  Cheesy
This would be a nice dip to buy...

No public holiday in Sweden, what holiday are you talking about?
full member
Activity: 282
Merit: 106
Who sold at the bottom?


I'm not sure if this already was the bottom.
We could also see a second wave and drop to 3500 for a short while.
The newbies who joined this space just a few days ago and bought Bitcoin without knowing what it is and how it behaves learn their first hard lesson now. For us oldies here it's no big deal anymore. Let it drop, layer in if you have some money on the sideline and wait for the honeybadger to bounce and move up higher again.

I would love the see another dip, but unfortunately I don't think so. Today was a good chance, tomorrow fresh money will come to the exchanges and price is rising already...
If somebody isn´t sure whether to sell or not, please give me a dip. I´ve read "BitCoin is dead" anywhere, this should be enough of an argument, wright?
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
Did you guys miss this bit?

On launch today, Blockstream Satellite is already available across two thirds of the Earth’s landmass; and will reach global coverage – to everyone on the planet – by end of year. As more people access the Bitcoin blockchain with Blockstream Satellite, we expect to see even more adoption and use cases for Bitcoin as well as a strengthening of the overall robustness of the network.

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

Explore the system = https://blockstream.com/satellite/menu/

Current status   = https://blockstream.com/satellite/satellite/  
Hm. I wonder if this can help the issue of providing a stable blockchain for the Martian colonies. I want to be sure I can withdraw Bitcoin at any Mars ATMs.

That won't happen. Main limitation is that there is a 14 minute delay between Earth and Mars, and that is just for one way. The only way to have a stable blockchain would be with a network of interplanetary Lighting Network hubs. That way, if you have an open channel with the mars hub, you can do instant "local" (Martian) tx's.

Another benefit of Lighting Networks. Just saying.
legendary
Activity: 1652
Merit: 4393
Be a bank
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight

45cm Ku Band Satellite Dish (antenna)
PLL LNB (linear polarization) w/ < = 200kHz LO stability
LNB Power Supply
LNB Mounting Bracket
Software Defined Radio interface
Cables, Connectors, and Mounting Hardware
1. Minimum 45cm Satellite Dish (bigger is better)


has to be down only, there is no uplink gear in that BOM

thanks

so we have to trust the chain they beam down? my node can't reject rule-breaking blocks? jbreher would love this

non-starter

Yeah - I already found more info, and edited my post above (https://bitcointalksearch.org/topic/m.20898842)

To rehash my edit:
more info is indeed available. Looks like a one-way* broadcast of Blockstream's version of the definitive chain as per the mining backbone. Seems like a useful addition. Should also drive hime how fallacious the idea is that non-mining, fully-validating nodes add any value to the network. Any node using this will be on Blockstream's filtered version of the truth, or not participate at all.

*Looking for evidence of two-way comms. Without an uplink, the idea that this will allow participation by the masses lacking internet access is a hollow lie.
legendary
Activity: 2674
Merit: 3000
Terminated.
Correction imminent or just a big dump from someone?
Damn, I hope not too much of a correction. Definitely been a dump though, down to $4100 on Stamp. I hope $4000 holds.
Well, it didn't hold. Seems to have bottomed out at exactly 3800 which is quite odd, but I'll take it. Hopefully it stays above $4xxx this time around.


That picture is awesome and a perfect depiction of what was going on at the time.
legendary
Activity: 1652
Merit: 4393
Be a bank

45cm Ku Band Satellite Dish (antenna)
PLL LNB (linear polarization) w/ < = 200kHz LO stability
LNB Power Supply
LNB Mounting Bracket
Software Defined Radio interface
Cables, Connectors, and Mounting Hardware
1. Minimum 45cm Satellite Dish (bigger is better)


has to be down only, there is no uplink gear in that BOM

thanks

so we have to trust the chain they beam down? my node can't reject rule-breaking blocks? jbreher would love this

non-starter
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