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

[ChartBuddy]

Coin

Explanation

[1715455833]

1715455833

[1715455833]

1715455833

[1715455833]

1715455833

[1715455833]

1715455833

[JayJuanGee]

Posting guild lines:
 Please lets keep this thread clean. ( I will be removing any off topic posts )

The only reason why this thread has outlived all the others on bitcointalk is that the "topic" extends from the walls at least fifty miles in every direction, so it is pretty hard to get "off" it.

That's true.   We are all over the place.

But then again, bitcoin is really a paradigm shifting development that has the potential to touch upon and affect all aspects of life.

 

[Cconvert2G36]

[Patel]

15m bitstamp looks ripe

[JayJuanGee]

$300 printing up ~ could we see $420 party ... Soon™      lol

We need to receive some free beers from Adam, to inspire us.   

[Globb0]

Are the institutionalised investors in now?

[ChartBuddy]

Coin

Explanation

[Wekkel]

It feels like the old days.

Major Alts are lagging like hell while Bitcoin (modestly) soars. A good sign, I would say.

[rjclarke2000]

It feels like the old days.

Major Alts are lagging like hell while Bitcoin (modestly) soars. A good sign, I would say.

What am I missing? I see Bitcoin at $276.

Soars?

[rjclarke2000]

(Slightly) skyrockets

[belmonty]

It feels like the old days.

Major Alts are lagging like hell while Bitcoin (modestly) soars. A good sign, I would say.

What am I missing? I see Bitcoin at $276.

Soars?

For most of the past week the alts were mostly dropping in price while Bitcoin went up in price. It was almost as if people were dumping their alts to but Bitcoin, which was a nice turnaround. People usually dump Bitcoin to buy the latest flavor of the month alt that's being pumped.

[ChartBuddy]

Coin

Explanation

[bitebits]

People usually dump Bitcoin to buy the latest flavor of the month alt that's being pumped.

Are you talking about the 11% IN TOTAL invested alt coins?

http://coincap.io/#/ (Bitcoin Dominance Index 89%)

[Agaguk24]

It feels like the old days.

Major Alts are lagging like hell while Bitcoin (modestly) soars. A good sign, I would say.

What am I missing? I see Bitcoin at $276.

Soars?

For most of the past week the alts were mostly dropping in price while Bitcoin went up in price. It was almost as if people were dumping their alts to but Bitcoin, which was a nice turnaround. People usually dump Bitcoin to buy the latest flavor of the month alt that's being pumped.

Soaring - skyrocketing - Its a nice turnaround indeed, but hardly comparable to the excitement we have seen in 2013 and 2014....

[gentlemand]

For most of the past week the alts were mostly dropping in price while Bitcoin went up in price. It was almost as if people were dumping their alts to but Bitcoin, which was a nice turnaround. People usually dump Bitcoin to buy the latest flavor of the month alt that's being pumped.

With a couple of exceptions, altland looks increasingly like the complete and utter dead end many think it is. I don't think there's anywhere near the enthusiasm there was a couple of years ago.

[Wekkel]

For most of the past week the alts were mostly dropping in price while Bitcoin went up in price. It was almost as if people were dumping their alts to but Bitcoin, which was a nice turnaround. People usually dump Bitcoin to buy the latest flavor of the month alt that's being pumped.

With a couple of exceptions, altland looks increasingly like the complete and utter dead end many think it is. I don't think there's anywhere near the enthusiasm there was a couple of years ago.

Thus, it may be reaching 'investment grade'. Just a little more pain and Bitcoin continuing to rise will do the trick. Human behaviour never changes.

[belmonty]

For most of the past week the alts were mostly dropping in price while Bitcoin went up in price. It was almost as if people were dumping their alts to but Bitcoin, which was a nice turnaround. People usually dump Bitcoin to buy the latest flavor of the month alt that's being pumped.

With a couple of exceptions, altland looks increasingly like the complete and utter dead end many think it is. I don't think there's anywhere near the enthusiasm there was a couple of years ago.

I remember a couple of years ago the alt board was the most active one here and there were hundreds of new coins launched each week. Now it's a shadow of its former self and new coin launches have vastly been reduced. Hopefully it's no longer profitable to launch new alts based on cutting and pasting the Bitcoin code.

[NSA360]

We are going to hit 300 in less than 2 weeks

[JorgeStolfi]

Then what is your explanation for that rise?

Pretty god damn obvious, at least 500 billion dollars attempting to leave China, some of which is going into Bitcoin, and the halving is just beginning to start to have an initial price effect.  Negative interests rates gaining steam + more China fever + halving all at the same time = the perfect storm beginning.
http://www.armstrongeconomics.com/archives/38474

I wonder if anyone would see bitcoin as a good way to protect one's money from a 3% devaluation of the Yuan...

But the huge buys in China are probably related to this, interpreted as bullish news (authorities friendly towards bitcoin):
https://www.cryptocoinsnews.com/chinas-cyberspace-administration-acknowledges-bitcoin/
But the CAC is NOT the PBoC, so it was kind of "buy the rumor" thing. I expect sometime in the next weeks an official statement of the PBoC on this.

That report may have had more impact in the West than in China.  Back in mid-2014, some PBoC official was quoted as saying that the bank had no objection to bitcoin ownership and trading, and compared it to trading rare stamps.  I can't see in the CAC report (through Google translate) a more positive attitude.  I don't see it as signalling a relaxation of the current restrictions (e.g. as suggesting that financial institutions could start investing in it).  Instead, I read the report as saying "bitcoin is connected to illegal activities, more regulation may be needed".

I wish that there was a real translation by someone fluent in Chinese.

[Cconvert2G36]

Then what is your explanation for that rise?

Pretty god damn obvious, at least 500 billion dollars attempting to leave China, some of which is going into Bitcoin, and the halving is just beginning to start to have an initial price effect.  Negative interests rates gaining steam + more China fever + halving all at the same time = the perfect storm beginning.
http://www.armstrongeconomics.com/archives/38474

I wonder if anyone would see bitcoin as a good way to protect one's money from a 3% devaluation of the Yuan...

But the huge buys in China are probably related to this, interpreted as bullish news (authorities friendly towards bitcoin):
https://www.cryptocoinsnews.com/chinas-cyberspace-administration-acknowledges-bitcoin/
But the CAC is NOT the PBoC, so it was kind of "buy the rumor" thing. I expect sometime in the next weeks an official statement of the PBoC on this.

That report may have had more impact in the West than in China.  Back in mid-2014, some PBoC official was quoted as saying that the bank had no objection to bitcoin ownership and trading, and compared it to trading rare stamps.  I can't see in the CAC report (through Google translate) a more positive attitude.  I don't see it as signalling a relaxation of the current restrictions (e.g. as suggesting that financial institutions could start investing in it).  Instead, I read the report as saying "bitcoin is connected to illegal activities, more regulation may be needed".

I wish that there was a real translation by someone fluent in Chinese.

Hard to think it was coincidence. The day the report came out, prices on chinese exchanges started their march to way above the USD EUR rates and had all the non-chinese traders wondering WTH was going on.