Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18202. (Read 26630542 times)

Put all fiat on the blockchain, Utility Settlement Coin - UBS, a fraction of this will be your $1USD and thus your money will flow along the blockchain.

Significantly cheaper than the current system.

Banks are now storing Bitcoin as a safety net against ransom demands by hackers.

All of the banks and financial institutions are moving to a form of blockchain technology, banks have basically admitted bitcoin works.

I can see exponential growth...

This next rally could blow lots of little people's minds.

The banks have been "blockchaining" for 2years and what have they got to show for it? A bale of cotton was shipped using "blockchain trade finance" ... wtf? was that cotton going to be used to print more fiat or what? I'm not getting that blockchain profit vibe, sounds like pure BS.

There's cup 'n handles on many time scales so the boom could be impressive ... and an impressive bitcoin move means 10x-15x. On the ground adoption around the globe with lots of little people thirsty for real money slurping up BTC like a desert flood has drained away all the excess bitcoins. BTC price moves after the adoption reaches a level to drag it to a new price regime, such is skepticism and bearishness surrounding crypto0currencies ... noone believes us, yet still it works.

Exponential growth is a numbers game that not many people can be trained to get their brains around.

66k unconfirmed transactions atm 


Anyways..looks like another price spike..which exchange gets "hacked" this time near the top of it, seems to be a running theme.

Could someone explain this to the less able-minded people, like me?

Ok I'm all in,

3500 choo choo



 

I've already run into quite a few big blocker nut jobs that are trying to characterize this situation as a kind of organic growth that demonstrates some kind of need to expeditiously increase the blocksize.. blah blah blah.

For some reason, I just cannot bring myself to recognize the situation as organic.      

Just Roger Ver re-sending his bulk spamstorm all over again. He does this from time to time, in a stubborn attempt to shore up lost bigblocker cause.

Totally not one guy:

Oh man!!!

I thought more highly of you.

Spamming the blockchain with your insignificant thousands of dollars of dust!

The Humanity!!!

Looks like there's 1.8 million BTC in dust in the mempool.

Sure good Core is keeping those leeches at bay.

FTFY

People that read this regularly know I play both sides but what they don't know is that I think #bitcoin will go much higher over the course of time...big banks and the greed will propel this  through the roof no matter how crazy the market capitalization appears!

So to answer your question...nothing is different just the same crazy ride different day and I expect we will pull back and consolidate sideways until the next move. I'm not saying I'm sellin ng right now just when it does run out of steam it will move sideways.

What are you talking about? 4000 is not close to 8000.

http://bitcoincharts.com/charts/okcoinCNY#tgSzm1g10zm2g25zv

You could have said something similar to that in 2013 when it went above $20 after a long bear market. The Silk Road probably helped the price rally back then.

This time ibtimes says Chinese speculators could be pumping money into Bitcoin because the yuan devaluated again. It also says the latest Chinese mining conference might help end the scaling debate, which could be encouraging people to buy. Devaluating the yuan could help pump more money into Bitcoin than the Silk Road. The forex markets are the biggest on earth, and a small piece of that action moving into Bitcoin could keep it higher than today's price indefinitely.


http://www.ibtimes.co.uk/bitcoin-price-surges-past-650-back-chinese-mining-conference-1587850

I don't think that anyone is saying that it is different this time.  At least, I did not mean to imply any such thing coming from me.

Surely, I will concede that we have to acknowledge that some things are different including the passage of time and there is a little bit of a difference because we got seg wit looming and we got the effects of the halvening in place, but you are correct in any kind of implication, those factors are likely not strong enough on their own in order to guarantee any kind of getting us passed resistance in the upper $600s and in the upper $700s.  Surely, we got get passed those two resistance points, at minimum.

I also made the point earlier, in a response to a point of "stability" made by Jimbo, that even though we are in good BTC price territory right now, it seems quite accurate that we have not had any kind of meaningful price correction since the lower $600s.. and currently that is approaching a 10% increase without any kind of meaningful correction..... sure these kind of trickle ups happen, but we cannot really rest assured based on an ongoing and unexplained trickle up that is currently floating in the 10% territory.

  I, certainly, don't want to be accused of counting my chickens too soon when I gots me a bunch of eggs, here.

I personally think that it is really nice to see this current upward price movement - doesn't it seem to make everyone who is invested in bitcoin feel a quite a bit better - cheers up folks, gets us posting in the thread.. excitteeeeee, excitteeeeee,  even if we realize that there is decent potential that we could experience a correction?  We are still in a better place to go up and to experience a correction rather than experiencing any kind of correction before we even had a chance to go up, first, no?

  Accordingly, caution to the winds is that we are experiencing much of this upward trickling with fairly medium trade volume (sure trade volume has picked up a little bit in the past 24-48 hours and actually it is up from its relatively pathetic levels from a couple of weeks ago), but relatively low volume or even average trade volume shows us that we have not quite reached the btc price battle stage, yet.  In that regard, we could get dumped upon at any time.. and maybe a dump would cause a BTC price battle and maybe an attempt at a dump will cause a battle..? maybe the bulls are really ready to push the price up this time? 

I think that we gotta see some of this play out, including seeing if we are going to get passed a few quasi-recognized and likely resistance points - currently seem to be in the upper $600s and in the upper $700s, at minimum, no?

Satan is pleased with your suggestion. May his dark blessings be bestowed upon ye.

In what currency?

In GBP, JPY or CNY it close to ATH...