Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16731. (Read 26711605 times)

So what's the consensus (do you see what I did there?) on this?

https://www.reddit.com/r/Bitcoin/comments/6sbacg/bitcoin_core_0150_will_automatically_disconnect/

Core nodes don't want to play with 2X ones.

Obviously technically sensible, but does this mean they're expecting three Bitcoins at least for a short while? Will it force another UASF style 'compromise'?

Now that Segwit has been activated (LTC) - I do not think that many users or services currently clients or wallets (dont send by default atm)  have implemented it in any meaningful way - though some hardware wallets can now send  segwit transactions - I think they are making some changes and rolling out the tech and talking with services and exchanges etc about the benefits of SegWit transactions-whilst also working on the core and clients to pave the way for further Segwit roll out- I see this is the latest from core on Github  BIP173 - Bech32 addresses: more secure address format designed for segregated witness
https://github.com/bitcoin/bips/blob/master/bip-0173.mediawiki


I think there are several projects going on in the background, that are not LTC specific which plan to build layers on-top of LTC and BTC
including but not only using the Lightning Network   (the first LN transaction was sent on the LTC network- a few hours after segwit activated on LTC  Blockstream guys sent 1.3 cents from Zurich to San Fran) they are also working on cross chain atomic swaps between LTC and vertcoin.
 Coblee has said he wants to push on with the Lightning Network implementation  ditto with cross chain- I think SegWit cleared the way forward for these to move forward- both on LTC and now BTC.

LN will be a thing though....so its a matter of when...  the LTC 2017 roadmap should come along quite well I think... so maybe within 6 months-ish even we have LN  and other layers and solutions being revealed and rolled out.

Hey JJG with all your cash just think of how many BCH you could buy.

Alright, I'm getting bearish now.

Let's all remind ourselves of the price on January 1st: about $970.  So the price has multiplied by about 3.5 since the start of the year, and $1000 was pretty much the ATH before.

I know there's SegWit and everything but this price is ridiculous.  I've been buying a lot of stuff with it now.  It's not like some casual investors on the sidelines are shoving up the price by hundreds of dollars in a matter of hours.

I don't think the profit amount is too little.  I think that there is a much greater risk to try to guess the direction of the market... and too much stress too, when you try to guess.

I mean in the beginning when I was selling in the upper $200s and etcetera all the way up, the amount of money that I was accumulating and preparing for downside seemed to be so small, but the amount continued to go up and add up as the price was rising, so 1% of $3000 coins is a lot more than 1% of $300 coins.  10s more.... hahahahaha.. and with my system the BTC amount had continued to build, too, even though I had been selling and then buying back.

So, even though I currently have 92% bitcoin and 8% cash, I still have quite a few more bitcoins than when I started, and I really feel flush with cash, and kind of like I am really prepared to buy all the way down to $1500, if needed.

I guess my problem is that I continue to want to accumulate, and I always felt more comfortable sleeping in bitcoin rather than cash, so I never want to sell too many my bitcoins, even though the amount in cash kept building up - even though it tends to be in the less than 10% arena, and then still I feel like I have way too much cash, so I am definitely prepared to buy on the way down.  But I could just decide to take some of that cash completely out, and that would be o.k. too.  So, my point is that having a system adds up to accumulation of both bitcoin and cash, and makes you feel a lot more comfortable and prepared for those sometimes unexpected, uncomfortable and seemingly extreme and inevitable corrections.

when 3420 seems like a btfd opportunity smh

All in desperate search for ROI. eg. Berkshire has a pile of 100bn USD still looking.

Rally looks good, maybe a little overdone, we are now nicely above the logarithmic trendline. That said - the trendline implies a price $4200 by year end and 8K end 18. We are on the cusp of the vertical phase

I forgot to pay my rent at the beginning of the month.

The price on August 1 was around $2,600. Today I paid when the price was $3,400.

I'm glad I forgot. 

They knew that you were going to do that.  Psych!!!!!   

I did not expect we will achieve $3500 in a matter of week. $20 pumps more and new possible all time high again gentlemen.

Is not very little profit?


We are currently at $3480.

It will be possible to reach $4000 later this year..

So, 3.5k is within smelling distance. I have a feeling that we could see a pull back to 3-3.2 after Segwit is activated.

I hope I'm wrong though.  

No one answered my question a few pages back either. Has anyone actually done anything with the fact that Segwit is activated on Litecoin? How long should we expect to wait for people to use the tech on the Bitcoin blockchain?

Fiat currencies falling off a cliff as fiat currencies bubble is popping.

Expect dramatic interest rate increase by the Fed, ECB, BOJ, BOE, and the rest of the zoo.

Goodmourning my BTCitcoinfriends!

Just woke up and saw the price for 1 BTC is at 2960 euro's at Kraken! From my perspective this is only the beginning for today! In about 9-9,5 hours Segwitx2 locks in, i expect  the real rocket taking off in about 6-8 hours! Target: $4000, 3388 Euro.

Enjoy the ride! and remember: HODL!

 BTC~One day we'll all be living like kings!~BTC

you know it is ... this thread is epitomy of stunned silence. 

When I was estimating stops at 800-900, 1600-1800, 3200-3600, etc on the exponential increase wave counts I'm pretty sure most readers thought i was insane ... and here we are, bitcoin is insane and it hasn't changed since day 1.

The exponential growth patterns of networks is mathematically predictable but the numbers seem too huge to be believable to most when applied to an asset price. Then when you add in the volatility that comes with human (emotionally-charged) valuation/pricing the downswings are massive enough to create a lot of uncertainty, fear and doubt about the secular exponential growth trend. So far, however, it has proved to be inexorable.

You can, trivially, check on https://bitcoinity.org. BitStamp ATH $3490.

The software upgrade that he is referring to is Segwit, and it locks in today.

No. I want $4k today.

It's finally hit me.


This is bananas isn't it? 3400?

Wtf

Talking about nerds, Ignition Creative and Blockchain Entertainment will produce a reality docu-series.

The series will be about exploring bitcoin regulation.

CEO of Ignition Creative, Martin Kistler, has expressed his company’s “fascinat[ion with]… the story of cryptocurrency and how it could change the consumer world as we know it. We want this series to really get under the hood of one of the most relevant industrial changes happening today”.

Will it be that in the future those responsible for making films will be able to explore the bitcoin world? I mean, there's so much history to explore: Silk Road, Mt. Gox, HANSA Market, AlphaBay Market, BTC-E, Alexander Vinnik. that would make a good movie.

You should always sell a bit when there are steep rises in the price; however, the difficulty is not selling too much.  If you only have a few coins, and you sell 1 or 2 coins, then you are gambling too much.

I systematically sell about 1% of my holdings for every 10% rise in price, and I buy back in similar amounts.

I have been employing my system since about $250 all the way up to current prices $3450, but I still have 92% in bitcoin and about 8% in cash, so I buy back on dips and I also have increased my holdings through such practices of buying on the way down and selling on the way up. 

When I say incrementally, I started selling in about$10 increments, then I went to $20 increments and then to $50 and currently I am transitioning from $50 to $100 increments.

Anyhow, there is no exact science, I recommend incrementalism so you do not gamble too much or feel like you have to obsess about the price.  You become a kind of bot and largely follow your system.. and don't hold out too much because over the past few years, I have found that it is nearly impossible to predict when the price is going to reverse, even though sometimes you can tweak a little extra heare and thee because you can get pretty decent ideas about direction.. but not with anything even close to approaching 90% certainty.