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

[Fakhoury]

I bet we'll see 269 or 265 before 300 again, but 280 is a fucking good buy, and so is 300, FFS its going to 32,000K next bubble scheduled for take off in ~2years, buy or die.

Welcome back Adam's.

Hope you had enjoyed your vacation buddy.

You are right, even at $300, still it's very cheap.

I will be buying around 4.5 coins within the coming few days to add to my stash.

[1715631213]

1715631213

[Torque]

I bet we'll see 269 or 265 before 300 again, but 280 is a fucking good buy, and so is 300, FFS its going to 32,000K next bubble scheduled for take off in ~2years, buy or die.

Welcome back Adam's.

Hope you had enjoyed your vacation buddy.

You are right, even at $300, still it's very cheap.

I will be buying around 4.5 coins within the coming few days to add to my stash.

So it's cheap at $300, but not at what... $32k?  So for it to even get to $32k/btc, millions of people have to happily be buying at that price, yes?  So why would they?  Why would we all be happily buying more at that price?

You guys don't get it, will never get it.  It's the equivalent of saying that Gold is cheap at $1100/ounce, since it will be at $30k/ounce soon and people will be gobbling it up at that price.  

[brg444]

I bet we'll see 269 or 265 before 300 again, but 280 is a fucking good buy, and so is 300, FFS its going to 32,000K next bubble scheduled for take off in ~2years, buy or die.

Welcome back Adam's.

Hope you had enjoyed your vacation buddy.

You are right, even at $300, still it's very cheap.

I will be buying around 4.5 coins within the coming few days to add to my stash.

So it's cheap at $300, but not at what... $32k?  So for it to even get to $32k/btc, millions of people have to happily be buying at that price, yes?  So why would they?

You guys don't get it, will never get it.

Not quite.

We just need a couple of banks and hedge funds with billions 

[Torque]

I bet we'll see 269 or 265 before 300 again, but 280 is a fucking good buy, and so is 300, FFS its going to 32,000K next bubble scheduled for take off in ~2years, buy or die.

Welcome back Adam's.

Hope you had enjoyed your vacation buddy.

You are right, even at $300, still it's very cheap.

I will be buying around 4.5 coins within the coming few days to add to my stash.

So it's cheap at $300, but not at what... $32k?  So for it to even get to $32k/btc, millions of people have to happily be buying at that price, yes?  So why would they?

You guys don't get it, will never get it.

Not quite.

We just need a couple of banks and hedge funds with billions  

Never. Gonna. Happen.  Banks are laughing at bitcoin.

Best hope is that some whales pump the hell out of it again, and a couple million young retail investors are foolish enough to buy at literally any price.

Because "to da moon!", FOMO, and all dat stupid nonsense.

[brg444]

I bet we'll see 269 or 265 before 300 again, but 280 is a fucking good buy, and so is 300, FFS its going to 32,000K next bubble scheduled for take off in ~2years, buy or die.

Welcome back Adam's.

Hope you had enjoyed your vacation buddy.

You are right, even at $300, still it's very cheap.

I will be buying around 4.5 coins within the coming few days to add to my stash.

So it's cheap at $300, but not at what... $32k?  So for it to even get to $32k/btc, millions of people have to happily be buying at that price, yes?  So why would they?

You guys don't get it, will never get it.

Not quite.

We just need a couple of banks and hedge funds with billions  

Never. Gonna. Happen.  Banks are laughing at bitcoin.

Best hope is that some whales pump the hell out of it again, and a couple million young retail investors are foolish enough to buy at literally any price.

Because "to da moon!" and all dat stupid nonsense.

They are only laughing because they cannot get in the game and rub elbows with everyone.

When we get the NASDAQ ETF they are going to be riding this baby to the moon indeed.

[JimboToronto]

So for it to even get to $32k/btc, millions of people have to happily be buying at that price, yes?  So why would they?  Why would we all be happily buying more at that price?

Supply versus demand. The supply of bitcoins is limited. The demand will grow.

...It's the equivalent of saying that Gold is cheap at $1100/ounce, since it will be at $30k/ounce...

For years gold was $35/oz. It could certainly go a lot higher than $1100.

Some people just don't get it, will never get it.

[gentlemand]

Never. Gonna. Happen.  Banks are laughing at bitcoin.

Best hope is that some whales pump the hell out of it again, and a couple million young retail investors are foolish enough to buy at literally any price.

Because "to da moon!" and all dat stupid nonsense.

If there's money to be made then investment types would happily trade in Eritrean placentas. Whether there will be is another matter but I don't think the fundamental nature of whatever really matters.

[Torque]

So for it to even get to $32k/btc, millions of people have to happily be buying at that price, yes?  So why would they?  Why would we all be happily buying more at that price?

Supply versus demand. The supply of bitcoins is limited. The demand will grow.

...It's the equivalent of saying that Gold is cheap at $1100/ounce, since it will be at $30k/ounce...

For years gold was $35/oz. It could certainly go a lot higher than $1100.

Some people just don't get it, will never get it.

Hey, you're talking to a bitcoin bull here.  I'm still in.  But going on 2 years of nothing and I'm still seeing, well, nothing going on.  Seriously. Adoption ground to a halt.  People have lost interest, and sold at a loss.  No major retailer integration announcement since early 2014.  It's getting a little ridiculous at this point.

[BlindMayorBitcorn]

So for it to even get to $32k/btc, millions of people have to happily be buying at that price, yes?  So why would they?  Why would we all be happily buying more at that price?

Supply versus demand. The supply of bitcoins is limited. The demand will grow.

...It's the equivalent of saying that Gold is cheap at $1100/ounce, since it will be at $30k/ounce...

For years gold was $35/oz. It could certainly go a lot higher than $1100.

Some people just don't get it, will never get it.

Hey, you're talking to a bitcoin bull here.  I'm still in.  But going on 2 years of nothing and I'm still seeing, well, nothing going on.  Seriously. Adoption ground to a halt.  People have lost interest, and sold at a loss.  No major retailer announcement since early 2014.  It's getting a little ridiculous at this point.

I guess if patience was easy it would be called my ex-wife.

 ?

[brg444]

So for it to even get to $32k/btc, millions of people have to happily be buying at that price, yes?  So why would they?  Why would we all be happily buying more at that price?

Supply versus demand. The supply of bitcoins is limited. The demand will grow.

...It's the equivalent of saying that Gold is cheap at $1100/ounce, since it will be at $30k/ounce...

For years gold was $35/oz. It could certainly go a lot higher than $1100.

Some people just don't get it, will never get it.

Hey, you're talking to a bitcoin bull here.  I'm still in.  But going on 2 years of nothing and I'm still seeing, well, nothing going on.  Seriously. Adoption ground to a halt.  People have lost interest.  No major retailer announcement since early 2014. It's getting a little ridiculous at this point.

Oh but that is why. You are obviously looking at the wrong things. Major retail adoption is irrelevant to Bitcoin success. It will come organically much later.

Bitcoin is steadily adding thousands of users every day which is somewhat encouraging given the bear market we have experienced. Now while user adoption may not be through the rough, corporate acceptance, interest and participation is at an all time high. Billions of dollars are actively put to use by some of the smartest brains in finance and computer science to develop an infrastructure that can manage and ultimately substain the coming levels of adoption.
 

[ChartBuddy]

Coin
Explanation

[nanobrain]

Never. Gonna. Happen.  Banks are laughing at bitcoin.

Best hope is that some whales pump the hell out of it again, and a couple million young retail investors are foolish enough to buy at literally any price.

Because "to da moon!" and all dat stupid nonsense.

Why is everyone quoting Torque but omitting FOMO - Fear of FOMO or a fear of Fear of FOMO...or...

[adamstgBit]

I bet we'll see 269 or 265 before 300 again, but 280 is a fucking good buy, and so is 300, FFS its going to 32,000K next bubble scheduled for take off in ~2years, buy or die.

Welcome back Adam's.

Hope you had enjoyed your vacation buddy.

You are right, even at $300, still it's very cheap.

I will be buying around 4.5 coins within the coming few days to add to my stash.

was gr8, didn't do anything special, just banged her senseless numerous times, she asked for it! shes gr8!  

So for it to even get to $32k/btc, millions of people have to happily be buying at that price, yes?  So why would they?  Why would we all be happily buying more at that price?

Supply versus demand. The supply of bitcoins is limited. The demand will grow.

...It's the equivalent of saying that Gold is cheap at $1100/ounce, since it will be at $30k/ounce...

For years gold was $35/oz. It could certainly go a lot higher than $1100.

Some people just don't get it, will never get it.

Hey, you're talking to a bitcoin bull here.  I'm still in.  But going on 2 years of nothing and I'm still seeing, well, nothing going on.  Seriously. Adoption ground to a halt.  People have lost interest, and sold at a loss.  No major retailer announcement since early 2014.  It's getting a little ridiculous at this point.

I guess if patience was easy it would be called my ex-wife.

 ?

Lol!

yes, patience people, bitcoin's look and feel will be very different in 2 years, take it easy let the happenings happen, and use bitcoin to hide all the monies from all the ex-wives.

[JimboToronto]

But going on 2 years of nothing and I'm still seeing, well, nothing going on.  Seriously. Adoption ground to a halt.  People have lost interest, and sold at a loss.  No major retailer announcement since early 2014.  It's getting a little ridiculous at this point.

Don't judge adoption by retail, but rather by infrastructure development.

2 years of nothing? The first BTC ATMs didn't start appearing until well under 2 years ago. Now I have multiple ATMs within walking distance of my home with competing prices.

Venture capital has been rolling in for the last 2 years. Don't expect any of that to make any real impact for several years. It takes time to start up a new venture, especially when there are regulatory bodies to deal with. Jumping through legal hoops can add years to startup time.

Rome wasn't built in a day and neither will be Bitcoin's infrastructure. Give it time. Leave the impatience to the bears.  

[hodlmybtc]

Daily is really looking bullish to me now, selling volume has dried up and you can sense the FOMO in the markets.

I really hope that I can get an entry near 275 tomorrow.

https://www.tradingview.com/chart/BTCUSD/84AU1

Price has found good support in the lower 270s, 200 day EMA support is currently at ~272.50, also support has been found near the middle BB and is currently in the positive BB zone.

Hidden bullish divergences showing up on multiple indicators.

I hope to get an entry around 275 but if 282 breaks on all exchanges with some volume I'm looking for a long entry too.

Resistances at 284, 294 and 315, I doubt 284 will be big resistance when the bulls step in with force so I'm looking to close longs (partially) near 294 and 315 and try to open new ones after some small corrections.

Next targets after that will be 350 and 375.

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[BlackSpidy]

Banks laugh a bitcoin because first they ignore you, then they mock you, then they fight you... then you win. Bitcoin will win, it's already winning. It's slowly making it's way into the public consciousness, and slowly, people are hearing about it, and understanding it. There are no big news stories about bitcoin because its not a hot new thing. And that's good, because it's going to become as mundane and commonplace as bills... and when was the last time you hear big news about paper currency? Someday, we wont be waiting for news, because we wont need news. Bitcoin is an expanding market, and like the lightbulb, it will still be spreading through earth long after its creator's death. It will be a light in the darkness.

You can't ban bitcoin. You cannot restrict bitcoin to any geological location. That is what makes it so much better than all currencies, and soon the sleeping giant will rise again. Above and beyond the previous, tiny ATH.

PS: what's up with BTC-e always being behind the other exchanges on the way up? We're already averaging above $280, and BTC-e is lagging behind at $276... Well, I'm excited for tomorrow.

[aztecminer]

nah probably not... it is more likely 'all of us' bitcoiners will take a nice big haircut during the 'big block of cheese day' which many of us know is coming. too many issues with bitcoin right now. what happens when peeps die and no one can un-encrypt their wallets ?? value goes up because there is less bitcoins ?? if an EMP strikes then no one can buy anything cuz all currency is cryptos .. that wont work because it is a weakness.. one EMP bomb takes out a countries entire economic infrastructure ??

if it does go to 32k+ that would be great because i have a few bitcoins.. but i think gold will be 32k+ before bitcoins will be....

ripple has just as good if not better chance at the new generation of fiat currency than does bitcoin because at least they are straight forward about making more coins when people lose their coins.. eventually bitcoin will be forced to 'create out of thin air' more bitcoins and we all know how that is going to turn out. when tell everyone your never going to make more bitcoins and that is why your different than fiat when you know you will be forced to print more at some point is not being straight forward. and when you finally print more then you are a glorified fiat.. ..... sure its innovating but it has problems that going to take a lot more innovation to be resolved... it is doubtful there is enough time left to fix all of it's shortcomings.

and bitcoin is backed by NOTHING...  it's intrinsic.. hhahhahha.

[BlackSpidy]

nah probably not... it is more likely 'all of us' bitcoiners will take a nice big haircut during the 'big block of cheese day' which many of us know is coming. too many issues with bitcoin right now. what happens when peeps die and no one can un-encrypt their wallets ?? value goes up because there is less bitcoins ?? if an EMP strikes then no one can buy anything cuz all currency is cryptos .. that wont work because it is a weakness.. one EMP bomb takes out a countries entire economic infrastructure ??

if it does go to 32k+ that would be great because i have a few bitcoins.. but i think gold will be 32k+ before bitcoins will be....

ripple has just as good if not better chance at the new generation of fiat currency than does bitcoin because at least they are straight forward about making more coins when people lose their coins.. eventually bitcoin will be forced to 'create out of thin air' more bitcoins and we all know how that is going to turn out. when tell everyone your never going to make more bitcoins and that is why your different than fiat when you know you will be forced to print more at some point is not being straight forward. and when you finally print more then you are a glorified fiat.. ..... sure its innovating but it has problems that going to take a lot more innovation to be resolved... it is doubtful there is enough time left to fix all of it's shortcomings.

and bitcoin is backed by NOTHING...  it's intrinsic.. hhahhahha.

What happens when people die and nobody can un-encrypt their wallets? Sad day for whoever's next of kin. That's not a problem with bitcoin, that is the problem of one idiot user not taking his own mortality into account when handling his money. A nationwide wildfire could theoretically destroy an entire nation's fiat, you know how common nation-wide EMP blasts are? As common as nation-wide fires. And last time I checked EMPs DO NO DAMAGE TO PAPER WALLETS. How dare you call yourself a miner when displaying such blatant ignorance!? Back up your shit, and it's good against the destruction of the backed-up material. If you have bitcoin and two neurons to rub together, you have several backups in several forms and storage means.

Yeah, at the time, 32K seems excessive. I think we'll be at 10K by 2020, tops.

Sure, any other and more widely accepted crypto has a chance at being as (or more) popular and widely used than bitcoin. And we can sit here and type for days about the millions of hypothetical scenarios where bitcoin ends below the competition (be it fiat or altcoins). One bitcoin is 1 billion satoshi. There will be 21 million billion satoshi by the time all bitcoin are mined. Even if 90% of that is lost, we will have 2.1 million billion satoshi... are those not enough to circulate? There are $5 trillion in printed cash in the world. There is (the equivalent) of 500 trillion pennies in cash in the world at the moment (according to this: http://gizmodo.com/5995301/how-much-money-is-there-on-earth). Are 2,000 trillion satoshi _{(10% of total bitcoin that there will ever be)} not enough to be used as cash!? "Eventually, it will not be enough!" what a dishonest argument. We won't have to worry about that. Our children won't have to worry about that. Our children's children might ponder that someday there might not be enough satoshi to use bitcoin as fiat... I doubt that the hypothetical scenario of having to re-start block rewards will happen this century.

No form of value exchange is intrinsically backed by anything. Gold? Just pretty looking metal, arbitrarily chosen to be valuable. Fiat? Backed by politic stability, look at what happened to the Euro over the Greek drama. Crypto? Arbitrarily chose bits and bytes to represent value. So long as it's good to exchange for goods and services, I dont care what arbitrary, human-created token we use.