Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18571. (Read 26619950 times)
June 20, 2016, 11:37:31 AM
Alts are up and LTC is down. I took my profit on that falling knife and will wait, a second dump might be coming.
June 20, 2016, 11:36:24 AM
Bears not breaking through, bulls not pushing higher either.
Not so convinced this is over yet. We may go sideways from here, but we need a retest of the 6xx's (or a decent correction) before pushing a lot higher I would say.
Not so convinced this is over yet. We may go sideways from here, but we need a retest of the 6xx's (or a decent correction) before pushing a lot higher I would say.
June 20, 2016, 11:32:42 AM
I think we're topped out at $800 until the halving actually decreases supply.
June 20, 2016, 11:27:32 AM
Good morning Bitcoinland.
Still going basically sideways, I see. A couple of attempts to start a panic but after the first one, it was right back to $750 in less than 2 hours, and after the second, we're already back over $740 and climbing.
Pretty much where we were on Friday. After 3 consecutive Sundays of setting new 2-year highs, we got a low-volume continuation of the consolidation period preceding another shot at $780. This could take some time.
Still going basically sideways, I see. A couple of attempts to start a panic but after the first one, it was right back to $750 in less than 2 hours, and after the second, we're already back over $740 and climbing.
Pretty much where we were on Friday. After 3 consecutive Sundays of setting new 2-year highs, we got a low-volume continuation of the consolidation period preceding another shot at $780. This could take some time.
June 20, 2016, 11:24:55 AM
Soo.. is it a bear trap or a bull trap? 
Cuz I'll not sell anything but waiting to buy at a price crash. So.. not doing anything, just waiting. I don't really know, it's like an 50/50 of chances.
Cuz I'll not sell anything but waiting to buy at a price crash. So.. not doing anything, just waiting. I don't really know, it's like an 50/50 of chances.
https://www.youtube.com/watch?v=G7RgN9ijwE4
June 20, 2016, 11:24:00 AM
Did any of you made even made a small thinking exercise, on the matter: What happens when BTCitcoin actually costs too much fiat paper to be bought?!?!!
Wow...I never thought of that. Whenever I purchase anything with bitcoins I must always use a full bitcoin.
I know that's exactly how i feel when i want to buy a piece of gum but all i have is a 500€ note. That gum suddenly became was very expensive, damn inflation!
June 20, 2016, 11:21:15 AM
Soo.. is it a bear trap or a bull trap?
Cuz I'll not sell anything but waiting to buy at a price crash. So.. not doing anything, just waiting. I don't really know, it's like an 50/50 of chances.
Cuz I'll not sell anything but waiting to buy at a price crash. So.. not doing anything, just waiting. I don't really know, it's like an 50/50 of chances.
June 20, 2016, 11:18:25 AM
Good opportunity to buy some btc (just placed my order in) on a dip. Seems like a bit of backlash from the whole DAo fiasco which temporarily removes trust from all crypto and the added backlash from bitter ETH holders doubling down and selling their BTC in retaliation. I'm going to keep buying till at least 2-3k before taking a break.
Ethereum being taken out of commission (seriously this coin is doomed)
http://nakamotoinstitute.org/mempool/ethereum-is-doomed/
http://vessenes.com/ethereum-contracts-are-going-to-be-candy-for-hackers/
http://hackingdistributed.com/2016/06/16/scanning-live-ethereum-contracts-for-bugs/
Is actually quite bullish for bitcoin because it re-affirms the scaling and security direction of bitcoin and undermines any sources that disagree with our principles that has kept us so secure and resilient.
Ethereum being taken out of commission (seriously this coin is doomed)
http://nakamotoinstitute.org/mempool/ethereum-is-doomed/
http://vessenes.com/ethereum-contracts-are-going-to-be-candy-for-hackers/
http://hackingdistributed.com/2016/06/16/scanning-live-ethereum-contracts-for-bugs/
Is actually quite bullish for bitcoin because it re-affirms the scaling and security direction of bitcoin and undermines any sources that disagree with our principles that has kept us so secure and resilient.
By "the scaling and security direction of bitcoin," do you mean "lie about SegWit release dates & don't deliver anything," or?
Also, any way for you to cut down on schadenfreude? Because that sort of thing tends to come back to bite you.
*And yes, BTC price is dropping, and will continue doing so for the near future. So keeping things topical.
June 20, 2016, 11:11:29 AM
Did any of you made even made a small thinking exercise, on the matter: What happens when BTCitcoin actually costs too much fiat paper to be bought?!?!!
How much is too much though? I mean people are buying ounces of gold at ~1400 per coin and kilobars at 42.000 per bar, so, there's definitely a looooooot of upside.
Here ... I'l quote myself:
Then the spiral continues! .. and goes on.. and on.. and on!... Till fiat will be pointless... and we will have to throw Gold, Silver, Platinum, Copper, Diamonds, Marble ... on a trading platform (Crypto) BTCitcoin vs. limited Resources/Commodities/Services. Amen!
And don't worry about Debt & Derivatives! Those 2 things will disappear in the future! The Laws of reality will settle those disputes: If you can't physically hold it or touch it, you don't own it!
June 20, 2016, 11:09:39 AM
Good opportunity to buy some btc (just placed my order in) on a dip. Seems like a bit of backlash from the whole DAo fiasco which temporarily removes trust from all crypto and the added backlash from bitter ETH holders doubling down and selling their BTC in retaliation. I'm going to keep buying till at least 2-3k before taking a break.
Ethereum being taken out of commission (seriously this coin is doomed)
http://nakamotoinstitute.org/mempool/ethereum-is-doomed/
http://vessenes.com/ethereum-contracts-are-going-to-be-candy-for-hackers/
http://hackingdistributed.com/2016/06/16/scanning-live-ethereum-contracts-for-bugs/
Is actually quite bullish for bitcoin because it re-affirms the scaling and security direction of bitcoin and undermines any sources that disagree with our principles that has kept us so secure and resilient.
Ethereum being taken out of commission (seriously this coin is doomed)
http://nakamotoinstitute.org/mempool/ethereum-is-doomed/
http://vessenes.com/ethereum-contracts-are-going-to-be-candy-for-hackers/
http://hackingdistributed.com/2016/06/16/scanning-live-ethereum-contracts-for-bugs/
Is actually quite bullish for bitcoin because it re-affirms the scaling and security direction of bitcoin and undermines any sources that disagree with our principles that has kept us so secure and resilient.
June 20, 2016, 10:55:06 AM
^
Because manners.
Edit: ty
Code:
[img size=100][/img]
Edit: ty
June 20, 2016, 10:51:30 AM
Did any of you made even made a small thinking exercise, on the matter: What happens when BTCitcoin actually costs too much fiat paper to be bought?!?!!
How much is too much though? I mean people are buying ounces of gold at ~1400 per coin and kilobars at 42.000 per bar, so, there's definitely a looooooot of upside.
Bitcoin has quite a bit of fiat and assets to eat away at -
https://i2.wp.com/money.visualcapitalist.com/wp-content/uploads/2015/12/all-the-worlds-money-and-markets-dv.png?w=1360
edit -
Code:
[img size=100][/img]
Code:
[img width=100][/img]
June 20, 2016, 10:47:51 AM
Did any of you made even made a small thinking exercise, on the matter: What happens when BTCitcoin actually costs too much fiat paper to be bought?!?!!
How much is too much though? I mean people are buying ounces of gold at ~1400 per coin and kilobars at 42.000 per bar, so, there's definitely a looooooot of upside.
June 20, 2016, 10:35:33 AM
Is that Aussie auction coins hitting the market?
Unquestionably. All those finance professionals have signed up with BTer because they know quality when they see it. As soon as the coins cleared they dumped them into the 0.12 BTC walls there and walked away laughing.
Because only finance professionals with zero BTC exposure typically bid at those auctions?
Or is it because finance professionals, unlike us punters, tend to avoid locking in profits & choose to hodl bitcoins indefinitely, waiting for the worst possible time to cash out?
I'm one of those few people on Earth that has as a job to theorize how to collapse markets or governments by just doing little unobservable things that no one would think about.
Aha. You're the ideas guy. June 20, 2016, 10:33:36 AM
Not sure why I put you on ignore initially. Probably from a keyword of ponzi or Beanie babies but you are bat shit crazy yet entertaining. More use of random bold please!
I'm one of those few people on Earth that has as a job to theorize how to collapse markets or governments by just doing little unobservable things that no one would think about.
But that is just to figure out how to prevent things from happening.
June 20, 2016, 10:30:37 AM
Not really that much selling on the last drop.. I'm expecting a heavier dump soon (and retest the low $700s), or the beartrap closes and we start to push up to $800
June 20, 2016, 10:28:00 AM
A good chance to accumulate before the next step up
June 20, 2016, 10:14:52 AM
Is that Aussie auction coins hitting the market?
Unquestionably. All those finance professionals have signed up with BTer because they know quality when they see it. As soon as the coins cleared they dumped them into the 0.12 BTC walls there and walked away laughing.
Yep, just like in the last two U.S. auction rounds, the winning coins got dumped on the market immediately.
Because we like made up FUD.
June 20, 2016, 10:12:36 AM
Is that Aussie auction coins hitting the market?
Unquestionably. All those finance professionals have signed up with BTer because they know quality when they see it. As soon as the coins cleared they dumped them into the 0.12 BTC walls there and walked away laughing.
June 20, 2016, 10:09:31 AM
Is that Aussie auction coins hitting the market?
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