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

[Trouble821]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

[hd060053]

it is gettinge interesting my friends 

http://www.zerohedge.com/news/2016-06-12/it-begins-one-european-bank-fails-another-one-needs-urgent-cash-injection

[BlindMayorBitcorn]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

I can pretty safely say I'll never buy a $10,000 bitcoin. Just sayin'.

[AZwarel]

This whole Saturday night till this moment is no surprise for anyone who followed last weekend rallies, studied fundamentals (like the LN https://lightning.network/ solution for scaling, which uses BTC as the native token), or all the other things mentioned before (Brexit, Whateveralphabetexit, TheHalvening http://www.thehalvening.com/, or read this one https://medium.com/@beautyon_/why-central-banks-will-fail-at-digital-currency-2a0f47e827cb#.m9ecvpav0.

As a scientist, i am so bullish THIS time, that i am 95%+ in bitcoin. This is (has to be actually) going to be like 2013 November all over again, but with a basis of $400, instead of $125.

Poor "average Joes", going to be so envy/angry/confused/FOMOed at me for having a few whole 1.0 bitcoins :-)

[JayJuanGee]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

I can pretty safely say I'll never buy a $10,000 bitcoin. Just sayin'.

Quoted for posterity...



Never say never.

[Trouble821]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

I can pretty safely say I'll never buy a $10,000 bitcoin. Just sayin'.

if you sell at 50000 and it crashes back down to 10000 are you sure you won't buy back in? It would be tempting to get all your Bitcoins back for a fifth of the money you sold them for. The profits would pay for lambos, etc.

[criptix]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

I can pretty safely say I'll never buy a $10,000 bitcoin. Just sayin'.

Quoted for posterity...



Never say never.

Its fine im sure i will sell some at 9000

[infofront]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

I can pretty safely say I'll never buy a $10,000 bitcoin. Just sayin'.

Quoted for posterity...



Never say never.

Indeed. There were probably people back in 2011 saying, "I'll never pay $10 for a bitcoin LOL!"

[gentlemand]

I can pretty safely say I'll never buy a $10,000 bitcoin. Just sayin'.

I'm pretty certain that I would out of sheer perversity. And I think by that point its place in the world is well on the way to being properly established. Once genuine deflation sets in then hang on to your tits.

[Wandererfromthenorth]

Can you predict how high it will go before crashing again?

No and you shouldn't try.

Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

It makes no sense to sell at a specific price if it bubbles up making new ATHs.
It makes more sense to wait for a confirmation that the bull market peak is in and price structure is shifting. Waiting for confirmation instead of simply trying to call a top. If you try to sell as it's going up like this chances are you are going to be left behind and miss the real bubble/pump.

It's the same thing at any bubble cycle.

[spooderman]

new highs incoming

[Meuh6879]

We have a 600 euros limit, here ... always rising ...

[AZwarel]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

I can pretty safely say I'll never buy a $10,000 bitcoin. Just sayin'.

Quoted for posterity...



Never say never.

Indeed. There were probably people back in 2011 saying, "I'll never pay $10 for a bitcoin LOL!"

There will be more than 100 million people buying at $10,000/BTC. They will just buy 0.01 BTC at a $100/1mBTC. Not like people said they wont buy more BTC over $10/0.01 BTC (their loss :-) )

Just as there were 10-100 millions who accepted Venetian gold coins for centuries https://en.wikipedia.org/wiki/Sequin_(coin) in the 1300s'-1800 whom used it for a stable value store of currency for trade, and did not care, if they could afford a "whole" Venetian gold coin".

[BlindMayorBitcorn]

Maybe, I don't know. The unbridled enthusiasm of this bullrun is putting me on edge. Shouldn't we be complaining about something?

[spooderman]

Maybe, I don't know. The unbridled enthusiasm of this bullrun is putting me on edge. Shouldn't we be complaining about something?

driving without breaks.

scary!

wait, that should have been a train analogy.

and omg 680 is toast already??

[yefi]

Money-making machine in full swing.

[toknormal]

710 Hobular BTC shot......munched.

[gentlemand]

Maybe, I don't know. The unbridled enthusiasm of this bullrun is putting me on edge. Shouldn't we be complaining about something?

Your dress sense sucks the sweat off a dead man's balls. Also, you smell.

And my anal fissures are playing up something rotten tonight.

[Wandererfromthenorth]

Maybe, I don't know. The unbridled enthusiasm of this bullrun is putting me on edge. Shouldn't we be complaining about something?

The level of enthusiasm at the real peak of the real bubble will be when everybody and their mother in this forum are convinced they are geniuses, the media is frantically talking about magic internet money (making up stories about teenagers in their bedrooms becoming billionaires), people maxing out their credit cards and try to dump life savings into bitcoin*
Around there is when you'll have to sell  



For now we are just at the "wall thread observer people are posting moon, train and dicaprio gifs" phase. Still a long way to go  






*Hoping nobody here will do that tho, but some nutjobs definitely will try, sadly.

[BlindMayorBitcorn]

I guess that bridles my enthusiasm. A little.