Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[podyx]

I think we will go down to about 260-265 but not 250... going down to 250 would be pretty bearish

[inca]

I think we will go down to about 265-270 but not 250... going down to 250 would be pretty bearish

I prefer to play the long game and except for really extreme market movements I will just accumulate until the next halving.

Edit: right enough bitcoin watching, real life beckons..come on bears!

[JorgeStolfi]

I was traveling for work since March 09.  Eight days without hearing, reading, writing or saying the word "bitcoin".  Logged back in today March/17 at about 14:00 UTC.  I see that the price hasn't changed much, has it? 

[Goldinger]

https://i.imgur.com/elBKyOs.jpg

That chart is an illusion though.

https://blockchain.info/charts/estimated-transaction-volume-usd?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Transaction volume measured in USD has stagnated.

[tarmi]

I wouldnt bet on the next halving.

I think that the next halving will cut the miners in half and bring more centralization, not bigger prices.

also, this isnt about bears, but delusional bulls who think that we have capitulated. they are cutting their expensive longs right now.

bears are in hibernation and waiting patiently.

[Fatman3001]

I see the tldr troll is back.  Guess confidence is growing among bears.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

I wouldnt bet on the next halving.

I think that the next halving will cut the miners in half and bring more centralization, not bigger prices.

also, this isnt about bears, but delusional bulls who think that we have capitulated. they are cutting their expensive longs right now.

bears are in hibernation and waiting patiently.

Miners have been cut in half already. If the price rises before the halving you will see the landscape change even more. it's quite a dynamic industry. But I don't see how that will change the fact that the halving will reduce the number of new bitcoins on the market. Could you elaborate?

[inca]

I wouldnt bet on the next halving.

I think that the next halving will cut the miners in half and bring more centralization, not bigger prices.

also, this isnt about bears, but delusional bulls who think that we have capitulated. they are cutting their expensive longs right now.

bears are in hibernation and waiting patiently.

A further 750 shorts threw in the towel in the last 24 hours. Broadly the same in dollar terms as the longs who closed their positions. Update on your position tarmi?

That chart is an illusion though.
Transaction volume measured in USD has stagnated.

This is more interesting. Like google trends chart if you look at the baseline daily transaction volume in USD it is broadly climbing after each bubble. Daily USD transaction volumes were roughly double in 2014 what they were in 2013. And that is despite the price crashing from 1200 to 280. It is common knowledge that bitcoiners hoard during price falls and spend during rises. So that is pretty impressive in itself.

[sAt0sHiFanClub]

Everything point towards the dump. Probably into the 250$ range once again, sigh.

I don't see it this way. The news in the bitcoin world are positive and promising. There's also a decent amount of confidence in the price since we broke the downtrend.

But we have arguably had  the best news for bitcoin in the last few weeks, and thankfully few new scams ( no mega scam anyway, but they are still brewing) yet the price is still stagnant, moving only in a vague pump and dump cycle every few days.

[sAt0sHiFanClub]

Or just ban the IP address NotLambChop/Silverspoon/newbiejailnoplz is using  

the internet is just a confusing morass of techno mumbo jumbo to you, isn't it?        

[Fatman3001]

Everything point towards the dump. Probably into the 250$ range once again, sigh.

I don't see it this way. The news in the bitcoin world are positive and promising. There's also a decent amount of confidence in the price since we broke the downtrend.

But we have arguably had  the best news for bitcoin in the last few weeks, and thankfully few new scams ( no mega scam anyway, but they are still brewing) yet the price is still stagnant, moving only in a vague pump and dump cycle every few days.

We've had a massive ddos on mining pools for over a week now. A serious attack on the system. Not the most newsworthy of events, but it could influence buyers. That been said, the rise has progressed well. We're not late for anything.

[noobtrader]

i hope you were right... seem price  is stable atm.

 

[gkv9]

i hope you were right... seem price  is stable atm.

 

Yeah true...
And it seems to be totally fine as there's not much bangarang in the markets...

[tarmi]

I wouldnt bet on the next halving.

I think that the next halving will cut the miners in half and bring more centralization, not bigger prices.

also, this isnt about bears, but delusional bulls who think that we have capitulated. they are cutting their expensive longs right now.

bears are in hibernation and waiting patiently.

Miners have been cut in half already. If the price rises before the halving you will see the landscape change even more. it's quite a dynamic industry. But I don't see how that will change the fact that the halving will reduce the number of new bitcoins on the market. Could you elaborate?

market will be already saturated with daily supply. I have my doubts about price going up before the halving.

unless the price does not go 100 % up before the halving, many of the miners will leave the network.

[ChartBuddy]

Coin
Explanation

[BrewCrewFan]

O NOES!!!! BIT went down 10-20 dollars and now its dead!!! SELL SELL SELL!!!!!

/insert random Chinese pic or my little pony....

[tarmi]

a small rebound because some shorts are covering...

we bounced back down from weekly sma20 yesterday. I am still short.

[paul2000]

[camolist]

ok feel free to rally. sold off part of my margin buy and figure thatll kick off the rally...

surprised it didnt. ohh well reentry $3.50 lower than sale price