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

[chesthing]

There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.

Tell that to the buyers at $1100 Nov/13.

... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??

My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.

noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.

You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE!

[1714497034]

1714497034

[Meuh6879]

... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??

buyer at 32$ ... have selling at 320$.  
so, the next step /// buyer at 420$, selling at 4200$  

[marcus_of_augustus]

There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.

Tell that to the buyers at $1100 Nov/13.

... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??

My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.

noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.

You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE!

you're still locked in a get-rich-quick mindset ... on linear scale $32 june/11 and $266 April/13 also looked F#$*& high prices! but on log scale are just blips on the great arc of bitcoin taking over networked global trade and commerce settlement ... it's all relative to time and price.

looking back down from $32,000 it will look like a bargain to get coinz at $1,100, but it might take a while. If you are here to whine about getting stopped out at $200, $300, $400 or whatever and complain about people killing themselves over digital bits because they didn't get rich fast enough don't expect any sympathy. After all it is only money, you can't take it with you when you die and if you're an unhappy whinging poor bastard you'll most likely also be an unhappy whinging rich bastard (even if you did get-rich-quick).

[ChartBuddy]

Coin



Explanation

[LFC_Bitcoin]

Good to see 400 holding at the moment, we survived a half hearted attempt to dump below 400. Hopefully 400 can become the new bottom, that'd be really bullish as we head towards the halving in summer 2016.

[chesthing]

There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.

Tell that to the buyers at $1100 Nov/13.

... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??

My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.

noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.

You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE!

you're still locked in a get-rich-quick mindset ... on linear scale $32 june/11 and $266 April/13 also looked F#$*& high prices! but on log scale are just blips on the great arc of bitcoin taking over networked global trade and commerce settlement ... it's all relative to time and price.

looking back down from $32,000 it will look like a bargain to get coinz at $1,100, but it might take a while. If you are here to whine about getting stopped out at $200, $300, $400 or whatever and complain about people killing themselves over digital bits because they didn't get rich fast enough don't expect any sympathy. After all it is only money, you can't take it with you when you die and if you're an unhappy whinging poor bastard you'll most likely also be an unhappy whinging rich bastard (even if you did get-rich-quick).

Who's complaining? i didn't buy bitcoin at $1k+, I'm talking about those who did. And yes, buying at the top at $1100 or $32 or $288 is really stupid, no matter how you want to justify it with long range charts.

Saying that, buying now isn't stupid at all, we aren't even 2x the avg price of the year. Knowing how stupid bitcoin buyers from the past pumps can be, this rise is nothing.

[peonminer]

$4,800.00 BTCitcoin for Christmas? I think so!

*Disclaimer, if you buy @$4,000.00 and we don't make it to $4,800.00, don't cry to me.

P.S Next breakout @ 5:40 CST.

[inca]

There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.

Tell that to the buyers at $1100 Nov/13.

... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??

My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.

noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.

You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE!

you're still locked in a get-rich-quick mindset ... on linear scale $32 june/11 and $266 April/13 also looked F#$*& high prices! but on log scale are just blips on the great arc of bitcoin taking over networked global trade and commerce settlement ... it's all relative to time and price.

looking back down from $32,000 it will look like a bargain to get coinz at $1,100, but it might take a while. If you are here to whine about getting stopped out at $200, $300, $400 or whatever and complain about people killing themselves over digital bits because they didn't get rich fast enough don't expect any sympathy. After all it is only money, you can't take it with you when you die and if you're an unhappy whinging poor bastard you'll most likely also be an unhappy whinging rich bastard (even if you did get-rich-quick).

Who's complaining? i didn't buy bitcoin at $1k+, I'm talking about those who did. And yes, buying at the top at $1100 or $32 or $288 is really stupid, no matter how you want to justify it with long range charts.

Saying that, buying now isn't stupid at all, we aren't even 2x the avg price of the year. Knowing how stupid bitcoin buyers from the past pumps can be, this rise is nothing.

Be sure to let us all know when the next top is in..

[rjclarke2000]

$4,800.00 BTCitcoin for Christmas? I think so!

*Disclaimer, if you buy @$4,000.00 and we don't make it to $4,800.00, don't cry to me.

P.S Next breakout @ 5:40 CST.

Is that 12 hours time or 20 mins?? 1740 or 0540

[chesthing]

There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.

Tell that to the buyers at $1100 Nov/13.

... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??

My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.

noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.

You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE!

you're still locked in a get-rich-quick mindset ... on linear scale $32 june/11 and $266 April/13 also looked F#$*& high prices! but on log scale are just blips on the great arc of bitcoin taking over networked global trade and commerce settlement ... it's all relative to time and price.

looking back down from $32,000 it will look like a bargain to get coinz at $1,100, but it might take a while. If you are here to whine about getting stopped out at $200, $300, $400 or whatever and complain about people killing themselves over digital bits because they didn't get rich fast enough don't expect any sympathy. After all it is only money, you can't take it with you when you die and if you're an unhappy whinging poor bastard you'll most likely also be an unhappy whinging rich bastard (even if you did get-rich-quick).

Who's complaining? i didn't buy bitcoin at $1k+, I'm talking about those who did. And yes, buying at the top at $1100 or $32 or $288 is really stupid, no matter how you want to justify it with long range charts.

Saying that, buying now isn't stupid at all, we aren't even 2x the avg price of the year. Knowing how stupid bitcoin buyers from the past pumps can be, this rise is nothing.

Be sure to let us all know when the next top is in..

I can't tell you that, but I can tell you if it goes 10x avg price of this year it's a stupid buy.

[rocks]

There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.

Tell that to the buyers at $1100 Nov/13.

... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??

My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.

noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.

The easiest way to think abut what high is, is to talk about the market cap, not the price per BTC. Today's market cap (assuming 1-2M lost coins) is roughly $5.5B

$5.5B may be either very high or very low depending on what you are comparing Bitcoin to.

If you are looking at Bitcoin as a place for people to hid & protect wealth over $50T over the coming government and banking crisis, we have both high inflation and negative rates charged on bank deposits, then $5.5B is too small a number to absorb a fraction of that money.

[ChartBuddy]

Coin



Explanation

[Richy_T]

@Richy_T ChartBuddy's halvening countdown is busted again 

Oops. I have to kill bitcoind or my work videophone craps out. Forgot to restart it. Thanks

[r0ach]

Be sure to let us all know when the next top is in..

If you look at the long term charts, it was holding $600 for a while even after Gox with no halving on the horizon so getting to $600 won't be much of a problem.  It's only after $600 pre-halving does it start to get unpredictable where it might go to something like $800 then dump back down to $600, or it might go all the way to something like $10,000 as talked about in this thread:

https://bitcointalk.org/index.php?topic=1235466.0

There's a lot of room for big gains and big shakeouts past $600, but until $600+ pre-halving, it's pretty routine.

If fiat does collapse to zero, I assure you the last thing on your mind will be bitcoin - it will be how the fuck am I going to survive this day?

No, it will actually be - "I wonder how much my Bitcoins are worth now."

[podyx]

If all dollar millionaires would put in a small amount $10k into bitcoin at the same time, we'd look at prices at about $100k-$200k, because of the pump element.

Enough said.

[BlindMayorBitcorn]

Okay so this guy is clearly not Satoshi but most certainly one hell of a sociopath 

That'll get Bitcoin in the news though and a lot of people will notice the current price raise.

Bullish.

I don't follow. One hell of a sociopath how?

It's rather clear this thing is a hoax. Don't ask me the intentions behind it but this egomaniac couldn't possibly be Satoshi.

Good call.

http://motherboard.vice.com/read/satoshis-pgp-keys-are-probably-backdated-and-point-to-a-hoax

But the keys are important because they’re not just plain suspicious, there’s evidence of active, intentional deception with respect to the keys. (Wired’s Andy Greenberg pointed out that this was already in line with their article, which notes that Wright may have engaged in an elaborate, long-running deception).

[Richy_T]

Maybe my fears are unjustified. I don't yet know enough about it to know. What I do know is that I don't trust that all those crowing about how this SegWit is going to save us have really looked at it to the point where they understand it.

I'm with you. I am reasonably confident that it probably won't introduce any actual problems but it seems to be a way to increase the blocksize whilst pretending that you haven't capitulated to those who were saying we needed to increase the blocksize meanwhile adding a bunch more complexity than just increasing the blocksize.

I travel with a computer backpack and a camera sling. The airline only allows one carry-on so I put the camera sling into the backpack. Net difference to the airline, 0 but I'm sticking to the rules. It all seems to be a game of semantics.

On the other hand, it at least does address the capacity issue so as long as all my coins don't get stolen, I'm good.

[TReano]

Looks like the Shanghai Stock Exchange Composite is at a big big bearflag. The Forex Market also shows a bigger turn around then most people expected. (Euro & JPY rallyed really hard last couple trading days)

Next couple weeks are going to be crazy. Maybe we will see the start of the next big crises already?
 

If the Chinese Stock market totally collapses Bitcoin could shine.


Spread the words if it happens.

[jbreher]

it at least does address the capacity issue

When relay nodes are incapable of distinguishing between valid transactions, and fake (note: near-zero-cost fake) transactions, all an attacker would have to do to bring the network down is to start injecting fake transactions. The crap would swamp out the legit. This seems to make us more vulnerable to capacity constraints, not less.

[TERA]

Over the rally from $350 to $425, the bid walls on bfx steadily grew from 35k to 41k. Now suddenly they are down to 31k. Speculations?