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

[Temp_JayJuanGee]

Good morning ladies and gentlemen of Bitcoinland.

Not much change but what little there is, is in the right direction... currently $745USD at Bitcoinaverage.

At least we Canadians are back in quadruple digits... $1001CAD.

We're still basically where we were a month ago. I'd guess that $700 is a done deal.

Time to start moving up again. Let's put $750 behind us and get to work on $780.

Well, if we look back at this past month, what is that called? an ascending triangle?  or would it be called the about 5th testing of resistance in the mid $700s, with each of those test a tiny bit higher than the last (or at least within a kind of range that seems to have a bit of an inclination).

Even though we are still operating with mediocre trade volumes which still continues to bolster a conclusion that any kind of meaningful price battle has not yet begun, I lean towards our situation being a bit more bullish than not, and this current situation is kind of feeling similar to the place we were in early 2016 in the mid $400s. this time feels more incline to break upwards sooner, but you can never really know in bitcoinlandia how long we could remain in a kind of holding pattern.

[Karartma1]

I'd feel much more bullish if segwit was getting activated

... member when one coin was 15 cents ?  ... And you where probably looking at it like dog poop in the middle of the sidewalk before dog poop became organic fertilizer for "vegan AF" organic farmers in California??  

https://www.youtube.com/watch?v=ndI9vkgw_1Y

Don't remind me that please  I don't want to remember!
The first time I heard of BTC it was around 15 cents: at the time I was too busy growing up and Bitcoin was just complicated digital cash back then.
What did I miss...  but today I'm scaling Bitcoin  I'm happy anyway.

Jimbo good for you @ quadruple digits, but you are not happy as those guys in Chile

1 BTC =499.997,52 CLP

[klondike_bar]

Good morning ladies and gentlemen of Bitcoinland.

Not much change but what little there is, is in the right direction... currently $745USD at Bitcoinaverage.

At least we Canadians are back in quadruple digits... $1001CAD.

We're still basically where we were a month ago. I'd guess that $700 is a done deal.

Time to start moving up again. Let's put $750 behind us and get to work on $780.

it jumped on minimal volume, so it could revert pretty easily back to $730.

IMO, we stay flat in $720-740 range until 2017, then move up. passing $780 would almost certainly mean a runup to a (brief) ~$900 peak

[bitebits]

Good morning ladies and gentlemen of Bitcoinland.

[...]

At least we Canadians are back in quadruple digits... $1001CAD.

[...]

Thank you Jimbo, and a good night to you too.


Question: do you consider +1000 CAD per bitcoin good or bad news, from a personal perspective?

You often mention you are accumulating, so you want the CAD price to be as low as possible. Correct?
Or do you simply convert all your savings into bitcoins, no matter the CAD price? Any particular number you are aiming for?

[DaRude]

I'd feel much more bullish if segwit was getting activated

... member when one coin was 15 cents ? 

oooooh, I member!

I don't member 15c exactly, but i member mining it on my CPU for one night, then realizing that i didn't mine a single block for the whole night it was running so I gave up on BTC for a year or so. Damn this ADHD generation

[molecular]

I don't member 15c exactly, but i member mining it on my CPU for one night, then realizing that i didn't mine a single block for the whole night it was running so I gave up on BTC for a year or so. Damn this ADHD generation

exactly the same here, dunno what the price was. I member it was May 2010, though. Had the client running for a couple days. It didn't "generate" even a cent and since I hadn't read the paper or anything really, I thought this bitcoin thing must be broken ;-)

fuck.

[Temp_JayJuanGee]

I don't member 15c exactly, but i member mining it on my CPU for one night, then realizing that i didn't mine a single block for the whole night it was running so I gave up on BTC for a year or so. Damn this ADHD generation

exactly the same here, dunno what the price was. I member it was May 2010, though. Had the client running for a couple days. It didn't "generate" even a cent and since I hadn't read the paper or anything really, I thought this bitcoin thing must be broken ;-)

fuck.

According to this chart:

http://bitcoincharts.com/charts/mtgoxUSD#rg60zig2-hourzczsg2010-02-15zeg2011-1-15ztgMzm1g10zm2g25zv

$.15 was around November 2010, and it appears that May 2010 would have been quite lower, maybe in the pennies territory and not officially trading yet.


I don't member nuttin bout bitcoin until late 2013, and better late than never..,no? especially since there are only some folks who are currently finding out about bitcoin, and they gots no stake into bitcoin, and maybe some of those just finding out folks are going to want to jump on the bitcoin train (possibly rocket) when we are on our soon upcoming journey from mid $800s into the $3k to $5k territory?

[PoolMinor]

I don't member 15c exactly, but i member mining it on my CPU for one night, then realizing that i didn't mine a single block for the whole night it was running so I gave up on BTC for a year or so. Damn this ADHD generation

exactly the same here, dunno what the price was. I member it was May 2010, though. Had the client running for a couple days. It didn't "generate" even a cent and since I hadn't read the paper or anything really, I thought this bitcoin thing must be broken ;-)

fuck.

According to this chart:

http://bitcoincharts.com/charts/mtgoxUSD#rg60zig2-hourzczsg2010-02-15zeg2011-1-15ztgMzm1g10zm2g25zv

$.15 was around November 2010, and it appears that May 2010 would have been quite lower, maybe in the pennies territory and not officially trading yet.


I don't member nuttin bout bitcoin until late 2013, and better late than never..,no? especially since there are only some folks who are currently finding out about bitcoin, and they gots no stake into bitcoin, and maybe some of those just finding out folks are going to want to jump on the bitcoin train (possibly rocket) when we are on our soon upcoming journey from mid $800s $700s into the $3k to $5k territory?

FTFY

[Temp_JayJuanGee]

I don't member 15c exactly, but i member mining it on my CPU for one night, then realizing that i didn't mine a single block for the whole night it was running so I gave up on BTC for a year or so. Damn this ADHD generation

exactly the same here, dunno what the price was. I member it was May 2010, though. Had the client running for a couple days. It didn't "generate" even a cent and since I hadn't read the paper or anything really, I thought this bitcoin thing must be broken ;-)

fuck.

According to this chart:

http://bitcoincharts.com/charts/mtgoxUSD#rg60zig2-hourzczsg2010-02-15zeg2011-1-15ztgMzm1g10zm2g25zv

$.15 was around November 2010, and it appears that May 2010 would have been quite lower, maybe in the pennies territory and not officially trading yet.


I don't member nuttin bout bitcoin until late 2013, and better late than never..,no? especially since there are only some folks who are currently finding out about bitcoin, and they gots no stake into bitcoin, and maybe some of those just finding out folks are going to want to jump on the bitcoin train (possibly rocket) when we are on our soon upcoming journey from mid $800s $700s into the $3k to $5k territory?

FTFY

Sorry if we are repeating a fairly minute topic regarding the specifics of BTC price predictions; however, under my current working theory, I am thinking that we have quite a long way to go in order to get into the mid $800s (at least one price correction, if not more than one), so accordingly, it does not seem very likely that our upward projectile and potentially explosive journey in that direction would be able to start until the mid-$800s or possibly a tiny bit later. 

Of course, there is a possibility that I could be wrong, and the journey could possibly start earlier (surely, I would love to be wrong), but I think that the possibilities of starting our upwards projectile - potentially violently explosive journey towards northerly territories is fairly remote chances to begin from a mid $700s point (such as our current price point, right now).

Please, please, please prove me to be wrong, but to me, the odds seem quite against such a happening.   

[jbreher]

Just 'cause you incessantly do this to others...

Once we get passed the mid $800's, the most likely price range would end up in the $3k to $5k territory

^^^ show your work.

You seem like you are trolling,

Not at all. I am just pointing out your hypocrisy in always demanding that others who throw out a figure explain how they derived that figure, while you provide absolutely no reasoning behind your quote above.

[Temp_JayJuanGee]

Just 'cause you incessantly do this to others...

Once we get passed the mid $800's, the most likely price range would end up in the $3k to $5k territory

^^^ show your work.

You seem like you are trolling,

Not at all. I am just pointing out your hypocrisy in always demanding that others who throw out a figure explain how they derived that figure, while you provide absolutely no reasoning behind your quote above.

Strong and seemingly non-substantive commentary to assert that you are pointing out some kind of non-existent "hypocrisy."

In essence, I have provided sufficient reasoning, in spite of your trolling and in spite of your selectively clipping out my rationale, and I have provided various reasoning in previous similar posts on the same topic, as well, regarding similar types of BTC price predictions that I have been making for quite a while, now.

[Killerpotleaf]

1600$
thats the target.
mid term...

no blow off top
just a nice fast grind up.

yup. >1600$ in < 2 months

[PoolMinor]

Not at all. I am just pointing out your hypocrisy in always demanding that others who throw out a figure explain how they derived that figure, while you provide absolutely no reasoning behind your quote above.

Strong and seemingly non-substantive commentary to assert that you are pointing out some kind of non-existent "hypocrisy."

In essence, I have provided sufficient reasoning, in spite of your trolling and in spite of your selectively clipping out my rationale, and I have provided various reasoning in previous similar posts on the same topic, as well, regarding similar types of BTC price predictions that I have been making for quite a while, now.

[marcus_of_augustus]

something nasty brewing ... wouldn't want to be leveraged right now 

[Killerpotleaf]

[savetherainforest]

I'd feel much more bullish if segwit was getting activated

... member when one coin was 15 cents ?  ... And you where probably looking at it like dog poop in the middle of the sidewalk before dog poop became organic fertilizer for "vegan AF" organic farmers in California??  

https://www.youtube.com/watch?v=ndI9vkgw_1Y

Don't remind me that please  I don't want to remember!
The first time I heard of BTC it was around 15 cents: at the time I was too busy growing up and Bitcoin was just complicated digital cash back then.
What did I miss...  but today I'm scaling Bitcoin  I'm happy anyway.

Jimbo good for you @ quadruple digits, but you are not happy as those guys in Chile

1 BTC =499.997,52 CLP

I was in my 2nd year at computer science... and if only I would have looked up on the damn code. It would have been very clear what was going on.

1 BTC =499.997,52 CLP

I think that's their minimum wage for 2 or 3 months.

[Hunyadi]

something nasty brewing ... wouldn't want to be leveraged right now  

Is it related to BU?

[zoose]

I'd feel much more bullish if segwit was getting activated

... member when one coin was 15 cents ?  ... And you where probably looking at it like dog poop in the middle of the sidewalk before dog poop became organic fertilizer for "vegan AF" organic farmers in California??  

https://www.youtube.com/watch?v=ndI9vkgw_1Y

Don't remind me that please  I don't want to remember!
The first time I heard of BTC it was around 15 cents: at the time I was too busy growing up and Bitcoin was just complicated digital cash back then.
What did I miss...  but today I'm scaling Bitcoin  I'm happy anyway.

Jimbo good for you @ quadruple digits, but you are not happy as those guys in Chile

1 BTC =499.997,52 CLP

.15 cents were the good ole days There was a lot of blood shed to get to this point. I think Bitcoin will make it to 800 us in January as the markets become destabilized in US.

I was in my 2nd year at computer science... and if only I would have looked up on the damn code. It would have been very clear what was going on.

1 BTC =499.997,52 CLP

I think that's their minimum wage for 2 or 3 months.

[Hunyadi]

USD 748 at Stamp 

[kludzins]

USD 748 at Stamp 

Friday party coming