We are now looking at the next huge wave down last seen summer 2014 (ofc with some bounces), we might find some ground at 230 (longterm trendline since april 2013) - if it fails we collapse into 1xx and then double digits.
Right now the price is $250 - advice, short.
If it comes true double digits will be around december this year (2015). My guess is $77.
Saved for future reference.
Edit: Within a year I also expect bitstamp & bitfinex to collapse (bankruptcy).
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21038. (Read 26709367 times)
August 18, 2015, 04:53:08 PM
August 18, 2015, 04:52:22 PM
Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.
Mr. Contradiction, from where did you buy your crystal ball ?
Kindly tell me as your crystal balls sucks tbh !!
Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run?
Did you hear about the internet ?
August 18, 2015, 04:51:06 PM
Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.
There is nothing wrong with the code per se. It doesn't scale very well ( easy fix) and its propagation bound (alas inherent in the design). Its biggest problem is that its potential as a mass financial settling platform has been spotted, and some people wish to change it towards this service (attracting about $200m in VC in the process) . Its possible that this will prevent bitcoin from becoming a unit of commerce in its own right.
But for what it does now, it does exceptionally well for a giant beta.
August 18, 2015, 04:50:10 PM
For my Bull and Perma Bull friends.
Emotions and uncertainty are at a high right now, and there are traders looking to take advantage of that. Beware of manipulation! 20,000btc sell on Bitfinex was combination of 10,000btc short and 8,000btc long position being closed. "Be greedy when others are fearful"
Credits for davidbaileybtcmedia @ https://www.reddit.com/r/Bitcoin/
Emotions and uncertainty are at a high right now, and there are traders looking to take advantage of that. Beware of manipulation! 20,000btc sell on Bitfinex was combination of 10,000btc short and 8,000btc long position being closed. "Be greedy when others are fearful"
Credits for davidbaileybtcmedia @ https://www.reddit.com/r/Bitcoin/
August 18, 2015, 04:50:08 PM
Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.
Mr. Contradiction, from where did you buy your crystal ball ?
Kindly tell me as your crystal balls sucks tbh !!
Lol, not perfect, but has there ever been a technology where the first implementation where the successful one in the long run?
August 18, 2015, 04:49:57 PM
Wow $2m in longs closed and nearly 10k in shorts opened...
From 13K to 22k, I think we might see less sideways from now on.
Only 14,470 shorts opened.
?
https://bfxdata.com/combined/btc
From https://bfxdata.com/swaphistory/totals
0.0149 15,046.58 21:33:09 18-08-2015
Also there was a momentary glitch on swaps. The correct amount is listed on Bitfinex stats page.
Ok, I see it now. Sry.
August 18, 2015, 04:47:08 PM
Wow $2m in longs closed and nearly 10k in shorts opened...
From 13K to 22k, I think we might see less sideways from now on.
Only 14,470 shorts opened.
?
https://bfxdata.com/combined/btc
From https://bfxdata.com/swaphistory/totals
0.0149 15,046.58 21:33:09 18-08-2015
Also there was a momentary glitch on swaps. The correct amount is listed on Bitfinex stats page.
August 18, 2015, 04:45:22 PM
I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.
When are they going to start stress testing again? I heard it would vaguely be sometime in September but is there anything more specific than that yet like a date? I don't want to have my payments stuck in limbo for days like during the last test, but I also don't want to start paying higher fees until absolutely the last minute.
http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981
If they do that then I think it will be a scenario that Bitcoin will have difficulty of recovering from. It might be the beginning of the end, and something else will take over.
Better we find all the bugs/attack vectors while Bitcoin's still in beta. People keep forgetting that this is a prototype, an experiment, not a money printing machine.
who invited this guy?
Lambie
August 18, 2015, 04:42:28 PM
I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.
When are they going to start stress testing again? I heard it would vaguely be sometime in September but is there anything more specific than that yet like a date? I don't want to have my payments stuck in limbo for days like during the last test, but I also don't want to start paying higher fees until absolutely the last minute.
http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981
If they do that then I think it will be a scenario that Bitcoin will have difficulty of recovering from. It might be the beginning of the end, and something else will take over.
Better we find all the bugs/attack vectors while Bitcoin's still in beta. People keep forgetting that this is a prototype, an experiment, not a money printing machine.
who invited this guy?
August 18, 2015, 04:41:14 PM
I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.
When are they going to start stress testing again? I heard it would vaguely be sometime in September but is there anything more specific than that yet like a date? I don't want to have my payments stuck in limbo for days like during the last test, but I also don't want to start paying higher fees until absolutely the last minute.
http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981
If they do that then I think it will be a scenario that Bitcoin will have difficulty of recovering from. It might be the beginning of the end, and something else will take over.
One word:
Antifragile
Yes, the technology is, but the particular instance of blockchain technology called Bitcoin might very well decrease in value and popularity until its put in a museum as something similar but better wins over the popular support.
I'm sorry, but you still don't know Bitcoin and it's community well !!
Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.
Mr. Contradiction, from where did you buy your crystal ball ?
Kindly tell me as your crystal balls sucks tbh !!
August 18, 2015, 04:40:36 PM
Wow $2m in longs closed and nearly 10k in shorts opened...
From 13K to 22k, I think we might see less sideways from now on.
Only 14,470 shorts opened.
?
https://bfxdata.com/combined/btc
August 18, 2015, 04:39:19 PM
I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.
When are they going to start stress testing again? I heard it would vaguely be sometime in September but is there anything more specific than that yet like a date? I don't want to have my payments stuck in limbo for days like during the last test, but I also don't want to start paying higher fees until absolutely the last minute.
http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981
If they do that then I think it will be a scenario that Bitcoin will have difficulty of recovering from. It might be the beginning of the end, and something else will take over.
One word:
Antifragile
Yes, the technology is, but the particular instance of blockchain technology called Bitcoin might very well decrease in value and popularity until its put in a museum as something similar but better wins over the popular support.
I'm sorry, but you still don't know Bitcoin and it's community well !!
Well, it seems to me after watching some of the technical debates that bitcoin has a serious problem with the beta status and a value of $4billion. It makes it extremely hard to fix technical issues just because of it's value. It can never really get out of the beta status and fix the real issues.
August 18, 2015, 04:37:22 PM
Wow $2m in longs closed and nearly 10k in shorts opened...
From 13K to 22k, I think we might see less sideways from now on.
Only 14,470 shorts opened.
August 18, 2015, 04:32:55 PM
I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.
When are they going to start stress testing again? I heard it would vaguely be sometime in September but is there anything more specific than that yet like a date? I don't want to have my payments stuck in limbo for days like during the last test, but I also don't want to start paying higher fees until absolutely the last minute.
http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981
If they do that then I think it will be a scenario that Bitcoin will have difficulty of recovering from. It might be the beginning of the end, and something else will take over.
One word:
Antifragile
Yes, the technology is, but the particular instance of blockchain technology called Bitcoin might very well decrease in value and popularity until its put in a museum as something similar but better wins over the popular support.
I'm sorry, but you still don't know Bitcoin and it's community well !!
August 18, 2015, 04:31:14 PM
I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.
When are they going to start stress testing again? I heard it would vaguely be sometime in September but is there anything more specific than that yet like a date? I don't want to have my payments stuck in limbo for days like during the last test, but I also don't want to start paying higher fees until absolutely the last minute.
http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981
If they do that then I think it will be a scenario that Bitcoin will have difficulty of recovering from. It might be the beginning of the end, and something else will take over.
One word:
Antifragile
Yes, the technology is, but the particular instance of blockchain technology called Bitcoin might very well decrease in value and popularity until its put in a museum as something similar but better wins over the popular support.
August 18, 2015, 04:28:16 PM
We now have four red candles in a row on the weekly chart. That hasn't happened since the crash last winter.
interestingly, we're still down less than 50% for the last twelve months which means we're STILL out performing WTI crude. Is oil dead?
interestingly, we're still down less than 50% for the last twelve months which means we're STILL out performing WTI crude. Is oil dead?
Comparing bitcoin to crude is meaningless. Sorry, but it's true.
August 18, 2015, 04:26:15 PM
I don't know weather to say this is the dump before a big significant pump or the beginning of the crash. Either way, I don't think the price is ever going to drop below $200 again. I'm suspecting from the media attention the should be a bit of a price increase soon.
August 18, 2015, 04:25:51 PM
Wow $2m in longs closed and nearly 10k in shorts opened...
From 13K to 22k, I think we might see less sideways from now on.
August 18, 2015, 04:23:00 PM
We now have four red candles in a row on the weekly chart. That hasn't happened since the crash last winter.
interestingly, we're still down less than 50% for the last twelve months which means we're STILL out performing WTI crude. Is oil dead?
interestingly, we're still down less than 50% for the last twelve months which means we're STILL out performing WTI crude. Is oil dead?
August 18, 2015, 04:20:26 PM
I predict the mother of all crashes coming if they do more "stress testing" now that the fork issue is also coming to a headline near you.
When are they going to start stress testing again? I heard it would vaguely be sometime in September but is there anything more specific than that yet like a date? I don't want to have my payments stuck in limbo for days like during the last test, but I also don't want to start paying higher fees until absolutely the last minute.
http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981
If they do that then I think it will be a scenario that Bitcoin will have difficulty of recovering from. It might be the beginning of the end, and something else will take over.
One word:
Antifragile
Jump to: