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

[adamstgBit]

ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

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[adamstgBit]

here we go about to pop over 460 again.
market is bullish as fuck, and with good reason

we must be bold, target 3200$! not because it is easy but because it is hard.

[becoin]

problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol. 

You're still a noob, pumpy. Stick to eth pump thread!

[oda.krell]

ive said this many times, halving is priced in, those that want to buy already have. [...]

Expectation of halving might or might not be priced in. I'm kind of agnostic on that one.

The halving effect itself however is most definitely not priced in yet.

The latter is simply impossible, as the block reward is still the old one. You might counter that that the "expectation of this effect" is priced in already. But whether that expectation (determined by current traders) matches the actual effect of the supply change (determined by the larger market) is undetermined as of now, so the previous point stands: the halving effect can only be priced in terms of expectations, not actual effect.

Mind the gap.

[abercrombie]

problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.  

You're still a noob, pumpy. Stick to eth pump thread!

FWIW, Bitcoin was $419 this time last month.

Since Mrpumperitis is long ETH, and BTC & ETH trade in polar opposites, it's in his best interests to say the halving is priced in.

[Fatman3001]

As a miner I'm pretty sure the halving is going to have an effect.

Even the best run operation has expenses.

[hdbuck]

problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.  

You're still a noob, pumpy. Stick to eth pump thread!

kids these days. ¯\_(ツ)_/¯

[Ultrafinery]

here we go about to pop over 460 again.
market is bullish as fuck, and with good reason

we must be bold, target 3200$! not because it is easy but because it is hard.

[Tzupy]

ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.

[Yakamoto]

ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.

Sounds like a good idea, I'd probably be doing this if the price cracks $500.

In your opinion, though, how many corrections will we experience, and how severe will all of the corrections be? I might get in on some additional Bitcoin is the value goes down enough at parts.

[sniveling]

ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.

Your bear logic on the night of May 5th didn't work. You said the 4.5k ask wall should hold, went to bed, and straight afterwards the price shot up over $15 while you slept. You left some guinea pigs to break resistance, and they did it. What if the guinea pigs do it again?

I see a fairly decent sized wall, and no one is talking about it here. Now I have the sad.

Edit: Wall shrinks

Yeah, Bitfinex wall grew from 1.5k to 4.5k, then shrank back. But it was enough to make me close my long at a tiny loss (slippage and fees).
Let someone else attack that wall with force, then maybe I'll take a little bite too. I was expecting a little pump, but with low volume a 4.5k ask wall should hold.

[AliceGored]

problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.  

You're still a noob, pumpy. Stick to eth pump thread!

kids these days. ¯\_(ツ)_/¯

Don't hate on the etherbutters, they've been doing yeoman's work on mopping up tx's and investment that can't fit in 1MB blocks, picking up demand that Bitcoin doesn't want. 10% of BTC's daily transactions and counting... it's a thankless job, but it helps keep BTC fees low while keeping rasb pi full economic nodes on dialup, safe.

[TReano]

BTC price looking great. Looks like people are just waiting for a pullback to jump in all the time.

Halving is going to be interesting. I expect a big red candle on that day since it's way too obvious.

[JayJuanGee]

Poll:  60 (65.2%) think bitcoin will break 480$ end of May. I hope it will reach it.

yeah 500 usd would be nice indeed.....I keep creeping up to 100 btc then I blow money on more miner crap...keeps slipping away....

(now back to 95 btc again)

yo/yo

but anyway the goal is 100 btc then the REST will pay down my equip debt till they doorstop...thus I can say I have 100 btc with XXX
invested (ouch) and instead say I have YYY invested (yea!) when the miners meet their doom as 'doorstops'

(mining with KNC Titans LTC still profitable at 14c kwh ...hard to believe but true)

but 500 usd .....would 'stoke' my feeble illusion and hope that 1000 usd btc is 'just around the corner' or in crypto BTC speak "Two more weeks" (tm BFL)

Are you really accounting for all of your costs? 

In my accounting I count everything related to BTC - for example some credit card fees that I may have suffered due to my cashflow issues (and I am buying BTC), the fees get counted as BTC related.... Anyhow, with the amount of money that you have invested, in total, especially various mining costs, can you say that mining was probably a let down.. partly based on electricity costs, but also probably, you would need a lot larger operations to be really competitive with other larger scale miner operations?

I am taking it as a kind of given that probably, you would have had more BTC with that money you invested in mining operations, and probably your BTC portfolio would be in a better position... .. hindsight is 20/20, no?   I am sure there is a bit of value with the learning experience from mining, too, no?

[Ultrafinery]

https://twitter.com/SpondooliesTech/status/729268787120353280

So long, and thanks for all the fish

[JayJuanGee]

ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.

That doesn't really sound like "bear logic".    Yeah, sure, even bears should recognize trends and difficulties going against trends, but predicting $700 after a dip seems a bit out of bear logic territory....

Next thing you know, after we do the little $700 cycle, you, Mr. Bear, will be predicting $10k... 

[Tzupy]

ive said this many times, halving is priced in, those that want to buy already have. There is not enough buy support to maintain a pump. Theres waaaay to many people hoping to dump on noobs at $600+...problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
BTC is gonna dump real hard in the next month or so..probably back to $300s over summer...then watch out for oct ( good times begin again)
BTC will pump but only after the scalabilty issue is solved ( cmon dr wright, make that super computer do sum magic ) 2017 btc will be $1k+

bear logic: it will crash so i can buy back lower and THEN it will rocket to the moon. duh!

How about another bear logic: let some guinea pigs try to break resistance at 500$, reach about 550$, then I'll buy the next dip, because it should reach 700+.

Your bear logic on the night of May 5th didn't work. You said the 4.5k ask wall should hold, went to bed, and straight afterwards the price shot up over $15 while you slept. You left some guinea pigs to break resistance, and they did it. What if the guinea pigs do it again?

I see a fairly decent sized wall, and no one is talking about it here. Now I have the sad.

Edit: Wall shrinks

Yeah, Bitfinex wall grew from 1.5k to 4.5k, then shrank back. But it was enough to make me close my long at a tiny loss (slippage and fees).
Let someone else attack that wall with force, then maybe I'll take a little bite too. I was expecting a little pump, but with low volume a 4.5k ask wall should hold.

Point taken. Bitfinex chose to follow the Chinese market leader, despite this:



I later opened a small long at 452$ and closed it a bit higher, I believe the market is now forming a triangle, and I'll buy back if it breaks up (but hope it will break down  ).

[adamstgBit]

this is ridiculous, pop over 460 already.

[Tzupy]

this is ridiculous, pop over 460 already.

Yes, this is ridiculous, unless something is fishy with the order book of the market leader, we should be already above 500$, yet we are not...

[Blacula X]

this is ridiculous, pop over 460 already.

The great psychological resistance @460. Once broken tho, smooth rocketing all the way to ... oh, 460.5, at least