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

[ChartBuddy]

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[1714892874]

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[1714892874]

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[1714892874]

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[Fatman3001]

Call 555-FATUSELESSBASTARDNEEDSFOOD Now!

Food? You're begging for food?

You don't want to be smoking what the panhandlers of Toronto call "food".

It'll not only turn you into Slenderman, but Sunkeneyesman and Jonesingman too.

 

Canadians will smoke anything. I've seen your flag.

Some of us are fussier than others (and more inclined to spending our money wisely).

https://nationalpostcom.files.wordpress.com/2012/02/adrian1.jpg?w=310&h=363

This goes a long way to explain how your celebrities are so bland. But...

Is K.D. Lang really Justin Biebers father?

Who decided that Dan Akroyd is a comedian? I've seen he's in a lot of comedies, but he's never funny. Never!

How is it that I have seen all of Kevin Sorbos work? Clearly, there is no reason I should have.

[BlindMayorBitcorn]

Call 555-FATUSELESSBASTARDNEEDSFOOD Now!

Food? You're begging for food?

You don't want to be smoking what the panhandlers of Toronto call "food".

It'll not only turn you into Slenderman, but Sunkeneyesman and Jonesingman too.

 

Canadians will smoke anything. I've seen your flag.

Some of us are fussier than others (and more inclined to spending our money wisely).

https://nationalpostcom.files.wordpress.com/2012/02/adrian1.jpg?w=310&h=363

This goes a long way to explain how your celebrities are so bland. But...

Is K.D. Lang really Justin Biebers father?

Who decided that Dan Akroyd is a comedian? I've seen he's in a lot of comedies, but he's never funny. Never!

How is it that I have seen all of Kevin Sorbos work? Clearly, there is no reason I should have.

[JimboToronto]

First the Cypress pump now the Grease pump. Is anyone else starting to feel as though Bitcoin is being manipulated to seem like it's responding to current events? We all know the Greeks weren't actually buying. Right?

I don't think anyone believes that Greeks were buying, but rather people elsewhere who see the Greeks with their capital frozen and unable to convert it to other forms or move it out if the country. Greece isn't the only country with serious economic woes, just the worst case among "developed" nations.

This was probably the case with Cyprus too. One can't help but wonder how many Greeks were buying bitcoins in early 2013 during the Cypriot crisis. Those who did were the smart ones.

Of course, a lot of the recent buying may have simply been spurred by the media flurry around the association by some of Bitcoin and Grexit.

[JimboToronto]

Who decided that Dan Akroyd is a comedian? I've seen he's in a lot of comedies, but he's never funny. Never!

As un-funny as Aykroyd is, he's still more comical than Jerry Lewis, who for some unfathomable reason the French seem to think is some kind of comedic genius.  

[ChartBuddy]

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[canth]

Who decided that Dan Akroyd is a comedian? I've seen he's in a lot of comedies, but he's never funny. Never!

As un-funny as Aykroyd is, he's still more comical than Jerry Lewis, who for some unfathomable reason the French seem to think is some kind of comedic genius.  

I rather liked Grosse Pointe Blank, but I guess that was in spite of Akroyd, rather than because of him. Yeah neither of those guys were funny to me, either.

[ChartBuddy]

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[Alley]

China what are you doing?  Buy bitcoin.  This stock market thing clearly isnt working for you.

[ChartBuddy]

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[marcus_of_augustus]

China what are you doing?  Buy bitcoin.  This stock market thing clearly isnt working for you.

China is banning stock market now.

[BlackSpidy]

Donald Trump is like any other hypocrite, liar, etc. etc. I just hope that when (not if, when) bitcoin makes me rich, my character wont be deteriorated  

[Chef Ramsay]

Where is Rand Paul on this entire ordeal? I think yall should get with him or ask him about his heretofore stances.\

[ChartBuddy]

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Explanation

[aztecminer]

i think the truth we all have to come to grips with is that bitcoin should be performing right now and it's not. we can pretend that we do not see that but its obvious. let me guess .. we have to keep bitcoin down until the right moment. i'm fine with that. i think was smashed down at the wrong time though. i'm not an economist. i do not give any advice when it comes to bitcoins or anything. the reason i do not tell people to buy bitcoin is because i know that bitcoin gets smashed down. and it happens at times like right now when it should have gone up. we went higher with coinbase pump. i mean it is obvious. this time was different because this time there is a real emergency and real panic going on. they had to take huobi offline. chinese panic all over the place. i could see them us exchanges offline. we should keep minimal bitcoins on exchanges. because of this we should move some coins offline to keep obama from stealing them.

[BlackSpidy]

Where is Rand Paul on this entire ordeal? I think yall should get with him or ask him about his heretofore stances.\

To be honest, I havent heard about him since he said he would accept bitcoin for his campaign donations.

PS: bitcoin's not performing? Are we looking at the same charts? It's gone up 14% in price in a month. Just a few more jolts upwards, above $320, and we'll be on our way up-up-up. Also, we may have broken above the log downtrend line, but we havent broken away from it. For that, we need to go past $280.

[ChartBuddy]

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Explanation

[pleaseexplainagain]

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Explanation

I think we are over focusing on the current price - we know at the top most of it is speculation but if you look at the bottom the story is still very bullish if you are slowly buying a little regularly at the daily price.

below are 2 charts. they track the lowest price in a year from 2012.

the first assumes the $177 2015 bottom will prove to be a genuine bottom.
the second that if big whales has not intervened it would have gone to $60.

I have made factors that are not very mathematically good but work crudely enough to be useful for me.

they show that
1. if $60 was the bottom and I buy now at $270 the bottom in 2017 will still be higher (at $360) and even in 2016 the bottom will still be quite good (at $146).

2. if $177 was the true bottom then buying now at $270 the bottom may be way higher (at $626) in one year (2016)

I see those numbers as very bullish compared to other things people can invest in (shares etc) as well as supporting the idea of bitcoin.


Year   Expected Lowest price   Factor   Actual   Minus is underestimation
2012   $4      $4   
2013   $14   3.537   $13   8.83%
2014   $50   3.537   $302   -83.43%
2015   $177   3.537   $177   0.00%
2016   $626   3.537      
2017   $2,214         

Year   Expected Lowest price   Factor   Actual   Minus is Underestimation
2012   $4      $4   
2013   $10   2.46   $13   -24.31%
2014   $24   2.46   $302   -91.98%
2015   $60   2.46   $60   -0.75%
2016   $146   2.46      
2017   $360   2.46      

[ChartBuddy]

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Explanation

[Mickeyb]

First the Cypress pump now the Grease pump. Is anyone else starting to feel as though Bitcoin is being manipulated to seem like it's responding to current events? We all know the Greeks weren't actually buying. Right?

I don't think anyone believes that Greeks were buying, but rather people elsewhere who see the Greeks with their capital frozen and unable to convert it to other forms or move it out if the country. Greece isn't the only country with serious economic woes, just the worst case among "developed" nations.

This was probably the case with Cyprus too. One can't help but wonder how many Greeks were buying bitcoins in early 2013 during the Cypriot crisis. Those who did were the smart ones.

Of course, a lot of the recent buying may have simply been spurred by the media flurry around the association by some of Bitcoin and Grexit.

I too bet that the number of other people around the world who started wondering what if the Greek scenario happens to them is by far bigger than Greeks who were buying Bitcoins. Media, of course is just looking for flashy headlines.