there is therefore more upside potential than downside risk at this point in the cycle.
of course. And lots of it.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18538. (Read 26609691 times)
June 22, 2016, 02:30:25 PM
of course. And lots of it.
June 22, 2016, 02:06:00 PM
bouncing between 615 and 640 on next 24h
June 22, 2016, 02:00:29 PM
If you believe that the Bitcoin market tends to be fractal and you compare the previous bull/bear cycle to this one, it's apparent that prior to the nov 2013 run-up to $1,000+, there were several bear traps on the way up. If this is a fractal, this particular correction looks visually similar to the correction around $150 or the one at $200 in November 2013. If that were the case, buying in now (around $620-ish) likely wouldn't be a bad entry point as long as you can wait out the volatility for 2-3 months. While it could go lower, I wouldn't expect it to stay there for long. That's my best guess. But I do believe that we are in a bull market now and that there is therefore more upside potential than downside risk at this point in the cycle.
June 22, 2016, 01:55:07 PM
@bitusher
Ok, so Segwit will happen now, I guess(?). How will decentralization and security be maintained within LN? Is there agreement on this?
Ok, so Segwit will happen now, I guess(?). How will decentralization and security be maintained within LN? Is there agreement on this?
The idea is to have multiple - interoperable versions of the LN(separate teams of devs and separate repositories) like their are already and for these nodes to be cheap and easy to maintain like mining btc was back in the cpu days to insure decentralization. The cherry ontop is when we can incorporate tx fee sharing between the nodes and miner to incentivize full nodes.
Ok, thx for the reply. But I seem to remember there was something about nodes being able to reject your tx. Will you be able to connect to a different node instantly or will the tx get stuck in the channel? Basically, if you're maybe not the most popular dude or dudette, is it safe to use LN or would you have to do a tx on the main network? And if tx fees on the Bitcoin network are priced for LN settlements, would that be feasible? The eth hack incident got my tin foil hat vibrating a bit.
June 22, 2016, 01:49:27 PM
mainwhile no one sees the long term trend is up.
people are so shortsighted and so black-and-white.
June 22, 2016, 01:41:23 PM
June 22, 2016, 01:40:50 PM
I wonder how low this goes. Full retrace down to 450? or do we hold 4000 cny. Unfortunately cannot check the price too often so move my bids right down to the upper 4xx's though I don't really expect it to get anywhere near there.
Things are certainly a bit more bearish now.
Things are certainly a bit more bearish now.
June 22, 2016, 01:31:23 PM
Also, bitfinex is irrelevant, Huobi and OKCoin drive the price, not western exchanges.
June 22, 2016, 01:29:50 PM
June 22, 2016, 01:28:46 PM
Oh my god,
I couldn't connect for nearly a month and when I come back I see that my coins now worth 30% more than when I last checked.
That's this kind of surprises that give you faith in btc ^^
I couldn't connect for nearly a month and when I come back I see that my coins now worth 30% more than when I last checked.
That's this kind of surprises that give you faith in btc ^^
June 22, 2016, 01:26:32 PM
this big battle just for $50 ??
150* 
June 22, 2016, 01:23:49 PM
this big battle just for $50 ??
June 22, 2016, 01:23:18 PM
I see a bunch of technical analysis having predicted this, but did they predict the Bitfinex thing? Where does the line between TA and self fulfilling prophecy meet or is it rude to ask this question?
As a general rule, forget about news and short term fundamentals, they are only a distraction (unless something really big happened, like a flaw in the bitcoin protocol or something).The dump has nothing to do with the bitfinex fuck-ups or shitcoin pump and dumps.
I don't even follow the "news" to decide when to buy and sell or use margin.
I only know of the bitfinex problems and the etherium /DAO thing because some people mentioned in this thread. Otherwise I couldn't care less and nobody should.
June 22, 2016, 01:21:57 PM
This dump was a joke:
When it dumped, the sell side walls on Finex were fake all the way up to like $650. It was the same quantity and size of walls that were used during the entire rally that are always pulled. It was just an orchestrated pre-halving china shakeout. There was actually 0 resistance all the way back up to pre-dump price, which is why it's about to shoot back up again.
June 22, 2016, 01:12:19 PM
This is one nice bottom. Making me feel like a perv.
June 22, 2016, 01:10:33 PM
@bitusher
Ok, so Segwit will happen now, I guess(?). How will decentralization and security be maintained within LN? Is there agreement on this?
Ok, so Segwit will happen now, I guess(?). How will decentralization and security be maintained within LN? Is there agreement on this?
The idea is to have multiple - interoperable versions of the LN(separate teams of devs and separate repositories) like their are already and for these nodes to be cheap and easy to maintain like mining btc was back in the cpu days to insure decentralization. The cherry ontop is when we can incorporate tx fee sharing between the nodes and miner to incentivize full nodes.
June 22, 2016, 01:10:16 PM
And here gentlemen, is the bottom.
June 22, 2016, 01:07:11 PM
Bear Trap , Ethereum investors and devs dumping their btc out of retaliation against bitcoin maximilists telling them the hard truth, or simply a correction from miners withholding and not taking a higher profit?
Bottom line is...
I' don't care , still buying.
Bottom line is...
I' don't care , still buying.
June 22, 2016, 01:04:56 PM
@bitusher
Ok, so Segwit will happen now, I guess(?). How will decentralization and security be maintained within LN? Is there agreement on this?
Ok, so Segwit will happen now, I guess(?). How will decentralization and security be maintained within LN? Is there agreement on this?
How will decentralization and security be maintained within Lighting Network?
How will decentralization and security be maintained within Thunder Network?
How will decentralization and security be maintained within ChangeTip Network?
who cares, what matters is the decentralization and security of Bitcoin, if you dont like Lighting or Thunder or ChangeTip...
use Bitcoin instead!
ADAM!!!!!!!!!!!!!!!
Welcome back to bitcoin core.
hahahahahahaha
June 22, 2016, 01:04:17 PM
Clif High says 14000$ this year based on his webbot 
He said 2000$ as basis and fluctuating on that...
*Edit: ... and after the New Year of 2016 in to 2017 till summer will try to go to 14k dollars!
Full video of what the web bot predictions say about bitcoin here:
https://youtu.be/LyvTTtdjsz0?t=5m37s
--------------------------------------------------------
But anyway ... it is 19:30+ in China ... people are coming back from work!!! They are starting to trade and pump again!
If this doesn't turn out the way he says he will lose almost all the credibility with his webbot because people are watching closely.
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