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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21145. (Read 26712687 times)

legendary
Activity: 1106
Merit: 1007
Hide your women
At least for me it seems the world is not really ready/interested in Bitcoin but much rather they are interested in the Blockchain behind it.

It seems this way because news outlets are reporting the proclamations of bankers, as if having more authority than the opinions of a band of ragtag technologists and libertarian amateur economists. Bankers, for their part, are interested in blockchain technology and not Bitcoin itself, as they want the cheapness of decentralized ledgers while maintaining insulative control that allows them to create money at will.

Quote
But in the current form of Bitcoin as a currency is not the valuable thing... The Blockchain is the valuable thing.

Yes. The Blockchain (I note you accorded it proper noun status) -- the specific blockchain attached to Bitcoin -- is the valuable thing. Banks have a major challenge ahead of them trying to create a separate blockchain under their control, that is secure against 'incursions', when Bitcoin's Blockchain is already secured with the largest collection of computing power that humanity has ever amassed against a single problem.

Bankers as a rule are stupid. It may take them quite a while to figure out that their blockchain is worthless unless somebody pays the miners.  I may talk down about miners occasionally, but they are necessary. Also, the age of the ledger gives it added legitimcy, and no crypto ledger is older than bitcoins. As you say, it's the difference between a record of a transaction and THE record of a transaction.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
At least for me it seems the world is not really ready/interested in Bitcoin but much rather they are interested in the Blockchain behind it.

It seems this way because news outlets are reporting the proclamations of bankers, as if having more authority than the opinions of a band of ragtag technologists and libertarian amateur economists. Bankers, for their part, are interested in blockchain technology and not Bitcoin itself, as they want the cheapness of decentralized ledgers while maintaining insulative control that allows them to create money at will.

Quote
But in the current form of Bitcoin as a currency is not the valuable thing... The Blockchain is the valuable thing.

Yes. The Blockchain (I note you accorded it proper noun status) -- the specific blockchain attached to Bitcoin -- is the valuable thing. Banks have a major challenge ahead of them trying to create a separate blockchain under their control, that is secure against 'incursions', when Bitcoin's Blockchain is already secured with the largest collection of computing power that humanity has ever amassed against a single problem.
sr. member
Activity: 448
Merit: 251
No doubt the bears will be out in full force soon...they tried hard for the last few days but leverage short is a big mistake at this point imo !

Shorts on bitfinex at 9600. No one shorting the rallies anymore.

If we hold this technical level the next three months could be exciting.

EDIT: and the walls are gone, toehold back on 280 again..

With this volume shorting is dangerous...

Hopefully there is less trading volume so let's hope the price will not drop by that much.
full member
Activity: 167
Merit: 100
No doubt the bears will be out in full force soon...they tried hard for the last few days but leverage short is a big mistake at this point imo !

Shorts on bitfinex at 9600. No one shorting the rallies anymore.

If we hold this technical level the next three months could be exciting.

EDIT: and the walls are gone, toehold back on 280 again..

With this volume shorting is dangerous...
legendary
Activity: 1442
Merit: 1188
Bitcoin has been really volatile again these past few days. Last time I checked the price it was at $290 and it has been bouncing around $276 - $290 a lot lately. I wonder if it will have a leg up or down soon.

A leg up.  That bounce down was the price re-coiling before it jumps back up over $300. It just has to back up a bit so that it can get a running start.  Cool
sr. member
Activity: 338
Merit: 250
A lot of votes for BTC over $700 in August...interesting.
sr. member
Activity: 574
Merit: 296
Bitcoin isn't a bubble. It's the pin!
Bitcoin has been really volatile again these past few days. Last time I checked the price it was at $290 and it has been bouncing around $276 - $290 a lot lately. I wonder if it will have a leg up or down soon.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 252
Merit: 250
Broke 281


Breaking 282-283 would lead to a quick rush to 285 in my opinion.


Let's watch and see...
hero member
Activity: 513
Merit: 511
I just really hope I manage to get some BTC below $300. So, guys, prepare to go past $320. God knows whenever I want cheap coins, the price goes up  Undecided
hero member
Activity: 644
Merit: 500
Whatever happens, I won't be surprised.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1778
Merit: 1043
#Free market
It won't be surprising if it goes to 290$ this week.

* It won't be surprising if it goes to 1'000 dollars by the end of 2017.
Nas
full member
Activity: 167
Merit: 100
It won't be surprising if it goes to 290$ this week.
legendary
Activity: 1106
Merit: 1007
Hide your women
somebody's putting in a bunch of asks far enough from spot that they won"t get triggered. Then buying at spot, moving the asks higher rinse and repeat. an assload of coins are being bought from the defenders of the support line taking profits too early.
legendary
Activity: 1176
Merit: 1000
No doubt the bears will be out in full force soon...they tried hard for the last few days but leverage short is a big mistake at this point imo !

Shorts on bitfinex at 9600. No one shorting the rallies anymore.

If we hold this technical level the next three months could be exciting.

EDIT: and the walls are gone, toehold back on 280 again..
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
newbie
Activity: 51
Merit: 0
No doubt the bears will be out in full force soon...they tried hard for the last few days but leverage short is a big mistake at this point imo !
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