Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17476. (Read 26715090 times)

$1500CAD at Bitcoinaverage.

It's nice to be back. 

Nope no hope, community is retarded, but even retards have enough math skilz to realize that on chain solutions won't work. i.e. you can have 200MB blocks and not even cover the transaction volume that Visa handles, and still have to wait 10min to get to a next block but at least you finally got rid of that decentralization thing 

mathz are hard

hmmm looks like i'm totally off base. 

Maybe, but it's only $1004 at OKCoin.

Perhaps the Chinese are buying offshore because of withdrawal hassles at home.

its just popped its head over 1141 at bitfinex.

feels like chinese are pushing this time.

Am I the only one here interested in Bitcoin price movement tracking & discussion?

We've just hit $1120 at Bitcoinaverage, $1119 at Stamp.

Go Bitcoin go.

Blockstream are aiming to be the Federal Reserve Planners of Bitcoin and you guys are bitching about BU, which is all about returning to Satoshi's original scaling roadmap of on-chain scaling.

Jesus, is there any hope left for Bitcoin at this point?

The community is grade-A retarded.

this is the first and only post of yours that made any sense at all, right up until you throw LTC in with a piece of shit like ripple

Jihan and Roger are both the biggest piece of shit i've ever seen, and all those BU fans are all just clueless sheeps.

nice to read stuff like this here.

people are starting to get it.

"Useful idiots" lol

I just can't believe this Unlimited/Classic stuff was pulled back out of the garbage again. Does seem kinda premeditated.

If only I'd have hodeled all the shitcoins I mined back in the day for shiggles
rather than than dumping on a peak, thinking I made out like a bandit  (darkcoin comes to mind... hopefully I'm allowed to say that on this thread?)
I'm thinkin  
"ha ha, some sucker just bought all my premined scammy darkcoins for .01 btc!!" (when bitcoin was around 400 btw)
yeah, hindsight is always 20/20 as they say.  I guess I didn't exactly get the last laugh....
regardless , my position is and always will be 95% bitcoin and 5% monopoly money alts.
Over 2 years of weekly auto buys and a year of mining bitcoin , at current price, I certainly cant complain.

their 'spam-the-blockchain' effort is running short of funding so may have to be putting in for a new grant application, also the FUD sock-puppet 'free-shit-army' rabble rousing aka astroturfing public relations efforts is needing new money to keep the keyboard warriors funded.

Meanwhile their shorts are getting #r3kt. Keeping bitcoin down is an expensive proposition ... now if those BU idiot supporters could just pull their heads out of their backsides and see which way is up for a few minutes, we'd be able to expand capacity and get back to working on a long term fix for algoritmically-controlled blocksize and free market fee operations for the only remaining planned bitcoin HF.

they didn't do a very long lasting job of convincing us that alts were gonna usurp bitcoin. i wonder when people are gonna finally stop swallowing that narrative. i guess the pumpers will need a few tens of millions more in play money so they can try again.

more than a negligible chance that BTC pumps very soon

crazy stuff going on in the alts and folks are going to look at BTC dominance near 50% vs historical 80% plus and boom

As long as the banksters can keep a lid on bitcoin price via shorting, stimulating infighting and division (BU support) and meanwhile pump up Ripple and Ethereum they are winning.

The useful idiots over at BU have convinced themselves they are 'fighting the good fight' by blocking progress and encouraging bitcoiners to defect to etheruem to express their 'disapproval' at some unspecified bogeymen like 1MB4EVA. Bankster supporters are luvving it and jump on to fuel the fires of hate, suspicion, FUD and division at every opportunity, giving the useful idiots the moral and 'popular' support through a sock-puppetry crusade. See adam's cartoons for example, these are modern political satire masquerading as comic fun memes but add exactly zero to technical solutions for bitcoin tx capacity increases.

Maybe either I do not understand your question, or I do not really understand the various market pressures dynamic either...

Nonetheless, I am going to give this a shot and assert that there are going to be all kinds of market dynamics when you have massive amounts of money that is either going into bitcoin or going into some other cryptos.  If bitcoin's market cap stays relatively stable, for example, then movement of bitcoins in and out of other cryptos is going to create buying and selling pressures on bitcoin, depending on how much is moved in or out.

If Ethereum's market cap goes up from 1 billion to 4 billion, then a large amount of that is going through bitcoin, yet the relationship may not be direct or even inverse because there is a lot more going on rather than a pure trade-off - but the increased volume could also signify a total amount of additional capital that ends up being in the crypto-space as a whole - and both market caps could rise simultaneously.


Even in the case that you mentioned, selling Alts for BTC... If a billion dollars moves out of Ethereum and into BTC, for example, sure the trade is between the Ethereum and BTC pairs, but still creates buying pressure on the USD price because those BTC are being bid up (demanded) by the Ethereum space and creating a shortage of bitcoins that are available for trade in the BTC/USD pairings. 

Further you could have a countervailing pressures going on simultaneously - but in the end, if there ends up being a simultaneous dump in the various alts, then those dumps still create upwards price pressures on BTC in terms of fiat - even though they are being traded for shit coins.... hahahahaha.. had to get in my little dig.   

Back to the standard (safe) zone.

I think that there is a pretty decent chance of a significant retrace in the coming days like you are saying, yet I would also not be surprised to see prices continue to creep up into the mid-to-upper $1,100s  before this possible significant retrace is encountered.

On the other hand, I think that at this point, $1,250 is bit much of a threshold regarding our continued movement upwards.  

To me, it seems as if we were to go above $1,200 at any time in the next couple of weeks - then going above $1,200 in that time would be pretty bullish and cause me to think that there is a decent chance of retesting ATH levels.

Sure, in the end, each of us are merely making our best prognostications based on a variety of likelihoods within a moving target and incomplete information.