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

[JayJuanGee]

Well good morning Bitcoinland.

I see we not only kept last night's gains, but touched an even higher peak while I was sleeping... currently $775USD/$1032CAD (where it was last night) while reaching a peak of $781USD/$1040CAD, all according to Bitcoinaverage of course.

As I said last night, I expect serious resistance at this point. Hopefully it won't take a month to breach $780 like it did to leave $750   $450 behind.

Go Bitcoin go, onward and upward.

FTFY


I am pretty sure that my edit is what you meant to say.

No. Actually I was talking about more recently.

It took 5 months (December 2015 - May 2016) to get past $450.

Getting past $750 only took us the entire month of November 2016.

Ok...        that makes sense... something like 5 attempts to break through $750.. ,


and yeah, I am not sure.  I am kind of thinking that we could actually experience more intensive resistance that is kind of spread between $780 to $850... so it is really difficult to determine.. because we just got here (meaning in the $750 to $780 range)...

On the daily level, the trade volume has kind of picked up, but that little bit of pick up in trade volume really has not seemed to translate into anything that is showing in any significant way on the weekly volume charts.. which we may need to see weekly increases in trade volume in order to conclude that a meaningful price battle is actually and really and truly commencing..  


Edit:  On the other hand, we also have not really seen any really significant price correction for nearly two months (since lower $600s).. so we could be in for a price correction, but maybe, I am thinking that any kind of meaningful price correction would come after breaking above $780 but before breaking above mid $800s).. that is my tentative thinking (speculation).

[JimboToronto]

@ JJG

I'm just glad we're comparing the struggle over $450 to the battle over $750.

2016 has been a pretty good year so far.
_________

Also, congrats on getting your old account back. I wish Adam would do the same. We need a new poll. 

Any chance of getting the activity points from your temp account transferred to your regular account?

[Karartma1]

Oh yeah, enjoying the ride. I always say that good things come to those who wait. Those of us who have been waiting patiently know that this run is not over yet.
Go on Bitcoin! 

[spooderman]

it feels very stable for it's high price. nice feeling to have. last time it was up here it was shooting around all over the place, changing by hundreds every few hours.

that shit probably won't start happening again until $1600+

[rjclarke2000]

it feels very stable for it's high price. nice feeling to have. last time it was up here it was shooting around all over the place, changing by hundreds every few hours.

that shit probably won't start happening again until $1600+

Even though $750 is normal now, when we were at $400 or so it seemed a dream.


$1600 seems a dream now but when it comes it'll be the next norm! Awesome 

[JimboToronto]

it feels very stable for it's high price. nice feeling to have. last time it was up here it was shooting around all over the place, changing by hundreds every few hours.

that shit probably won't start happening again until $1600+

Even though $750 is normal now, when we were at $400 or so it seemed a dream.


$1600 seems a dream now but when it comes it'll be the next norm! Awesome 

When I first got interested in Bitcoin it was in the $12-$15 range and the $30 it had reached a year and a half earlier seemed like a dream.

After seeing it go to $266 and back down to $50, even $1000 no longer seemed like a dream to me.

After it went up past $1200, back down below $200 and now back up to over $1000 (all Canadian dollars) even $5000 doesn't seem like a dream.

Actually even $10,000 doesn't seem like a dream.

Now $100,000 seems like a dream but we can all dream, can't we?

[JayJuanGee]

@ JJG

I'm just glad we're comparing the struggle over $450 to the battle over $750.


2016 has been a pretty good year so far.

Yep.  I think that sometimes even if we have differing views about price direction or what caused us to get here or whether we should buy, sell or HODL, those who have accumulated some BTC in or before 2016, have done pretty well with such..   

At one low point in early 2015, my BTC holdings were about 65% in the negative, and in early 2016, they were floating around the kind of break even territory... today, they reached high points of about 80% plus in the green (black), which is a decent feeling and a decent cushion.  As I mentioned before, my strategy remains to cash out relatively small portions of bitcoin as the price goes up and I feel no pressing need to cash in upon a 80% profit because my investment and strategy is longer term... and just having a cushion is nice, even if that cushion goes back down from 80% to breaking even (which seems that it would take a whole hell-of-a-lot to accomplish such a price depreciation), I am still feeling pretty good about investing in BTC, continuing to invest in BTC and experiencing (on a personal level with kind of front row seats) how this BTC infrastructure is going to play out (politics, economics, socially, technologically, etc)

_________

Also, congrats on getting your old account back. I wish Adam would do the same. We need a new poll. 

Yeah.. it would certainly be a good thing for Adam to come back in terms of the poll and also in terms of his various other contributions - even if seemingly whimsical and outrageous from time to time.... I think that if he took some efforts to get his regular account back, then also the community could also put a bit a pressure on in order to help to convince admin to get his regular account reactivated.. for the good of the community and good for bitcoin.  (bullish?)

Any chance of getting the activity points from your temp account transferred to your regular account?

I think that those activity points are just going to need to be a kind of write-off... maybe I could figure out some way to incorporate their loss into my BTC expenses (for a kind of tax write-off)? hahahaha

[Fakhoury]

it feels very stable for it's high price. nice feeling to have. last time it was up here it was shooting around all over the place, changing by hundreds every few hours.

that shit probably won't start happening again until $1600+

Even though $750 is normal now, when we were at $400 or so it seemed a dream.


$1600 seems a dream now but when it comes it'll be the next norm! Awesome 

When I first got interested in Bitcoin it was in the $12-$15 range and the $30 it had reached a year and a half earlier seemed like a dream.

After seeing it go to $266 and back down to $50, even $1000 no longer seemed like a dream to me.

After it went up past $1200, back down below $200 and now back up to over $1000 (all Canadian dollars) even $5000 doesn't seem like a dream.

Actually even $10,000 doesn't seem like a dream.

Now $100,000 seems like a dream but we can all dream, can't we?

Guess what, $100,000 is not a dream for me.

For two reasons :

1st : This tweet and only true bitcoiners knows who is Vinny (https://twitter.com/VinnyLingham/status/748668148757336064)

2nd : This tweet and I extremely like BTCC's CEO vision, Bobby Lee (https://twitter.com/bobbyclee/status/801054236117069824)

[JimboToronto]

Yeah.. it would certainly be a good thing for Adam to come back in terms of the poll and also in terms of his various other contributions - even if seemingly whimsical and outrageous from time to time.... I think that if he took some efforts to get his regular account back, then also the community could also put a bit a pressure on in order to help to convince admin to get his regular account reactivated.. for the good of the community and good for bitcoin.  (bullish?)

Indeed. The poll thing was meant as a semi-joke, hence the smiley.

I think lots of people here miss his wine-sotted humor mixed with occasional deep insights.

As for Theymos taking extra trouble to reactivate his account, or Adam doing it himself, I hope the rift between the two of them (over the block-size debate) isn't too great.

[lolikop]

Keep on dreaming guys china will show u all what real manipulation is, back to 660 and staying there till some big news is coming out

[rjclarke2000]

Keep on dreaming guys china will show u all what real manipulation is, back to 660 and staying there till some big news is coming out

Hurtfully true

[bitebits]

[...]

Guess what, $100,000 is not a dream for me.

For two reasons :

[...]

2nd : This tweet and I extremely like BTCC's CEO vision, Bobby Lee (https://twitter.com/bobbyclee/status/801054236117069824)

What is so special (for you) about this tweet just stating today's market capitalization?

[lolikop]

[...]

Guess what, $100,000 is not a dream for me.

For two reasons :

[...]

2nd : This tweet and I extremely like BTCC's CEO vision, Bobby Lee (https://twitter.com/bobbyclee/status/801054236117069824)

What is so special (for you) about this tweet just stating today's market capitalization?

Nothing hes just trying to pump btc even further

[Fakhoury]

[...]

Guess what, $100,000 is not a dream for me.

For two reasons :

[...]

2nd : This tweet and I extremely like BTCC's CEO vision, Bobby Lee (https://twitter.com/bobbyclee/status/801054236117069824)

What is so special (for you) about this tweet just stating today's market capitalization?

1st : It's not today's market cap as you can see it's an old tweet.

2nd : Just dive in your imagination and think about how scarce Bitcoin is becoming with only 5.x coins remaining only and still we are in the early days of Bitcoin.

Sooner or later, people who didn't hear about Bitcoin or people sitting at the sidelines, will not be able to afford ONE FULL bitcoin.

I know that from the first glance it sounds normal, but if you did a simple math (e.g. divide the world's population on the remaining coins) you will find that we are extremely undervalued.

[Fakhoury]

Keep on dreaming guys china will show u all what real manipulation is, back to 660 and staying there till some big news is coming out

Hurtfully true

I'm really sad that you are listening to bear trolls 

[600watt]

[...]

Guess what, $100,000 is not a dream for me.

For two reasons :

[...]

2nd : This tweet and I extremely like BTCC's CEO vision, Bobby Lee (https://twitter.com/bobbyclee/status/801054236117069824)

What is so special (for you) about this tweet just stating today's market capitalization?

1st : It's not today's market cap as you can see it's an old tweet.

2nd : Just dive in your imagination and think about how scarce Bitcoin is becoming with only 5.x coins remaining only and still we are in the early days of Bitcoin.

Sooner or later, people who didn't hear about Bitcoin or people sitting at the sidelines, will not be able to afford ONE FULL bitcoin.

I know that from the first glance it sounds normal, but if you did a simple math (e.g. divide the world's population on the remaining coins) you will find that we are extremely undervalued.

If every millionaire on the planet would want to own one bitcoin there will not be enough btc to make that possible. no matter what they want to pay for it.

[Fakhoury]

[...]

Guess what, $100,000 is not a dream for me.

For two reasons :

[...]

2nd : This tweet and I extremely like BTCC's CEO vision, Bobby Lee (https://twitter.com/bobbyclee/status/801054236117069824)

What is so special (for you) about this tweet just stating today's market capitalization?

1st : It's not today's market cap as you can see it's an old tweet.

2nd : Just dive in your imagination and think about how scarce Bitcoin is becoming with only 5.x coins remaining only and still we are in the early days of Bitcoin.

Sooner or later, people who didn't hear about Bitcoin or people sitting at the sidelines, will not be able to afford ONE FULL bitcoin.

I know that from the first glance it sounds normal, but if you did a simple math (e.g. divide the world's population on the remaining coins) you will find that we are extremely undervalued.

If every millionaire on the planet would want to own one bitcoin there will not be enough btc to make that possible. no matter what they want to pay for it.

And we will move to the next level, micro Bitcoin and Satoshis.

[lolikop]

[...]

Guess what, $100,000 is not a dream for me.

For two reasons :

[...]

2nd : This tweet and I extremely like BTCC's CEO vision, Bobby Lee (https://twitter.com/bobbyclee/status/801054236117069824)

What is so special (for you) about this tweet just stating today's market capitalization?

1st : It's not today's market cap as you can see it's an old tweet.

2nd : Just dive in your imagination and think about how scarce Bitcoin is becoming with only 5.x coins remaining only and still we are in the early days of Bitcoin.

Sooner or later, people who didn't hear about Bitcoin or people sitting at the sidelines, will not be able to afford ONE FULL bitcoin.

I know that from the first glance it sounds normal, but if you did a simple math (e.g. divide the world's population on the remaining coins) you will find that we are extremely undervalued.

If every millionaire on the planet would want to own one bitcoin there will not be enough btc to make that possible. no matter what they want to pay for it.

Well were not there yet so pls stop this nonsense, if we had a worlwide poll stating: Do u own some bitcoins 85% will be NO

[bitebits]

[...]

Guess what, $100,000 is not a dream for me.

For two reasons :

[...]

2nd : This tweet and I extremely like BTCC's CEO vision, Bobby Lee (https://twitter.com/bobbyclee/status/801054236117069824)

What is so special (for you) about this tweet just stating today's market capitalization?

1st : It's not today's market cap as you can see it's an old tweet.

Code:

22 Nov 2016

Right...

If every millionaire on the planet would want to own one bitcoin there will not be enough btc to make that possible. no matter what they want to pay for it.

Well were not there yet so pls stop this nonsense, if we had a worlwide poll stating: Do u own some bitcoins 85% will be NO

If that would be true, Bitcoin would have gone to Neptune and beyond.

[lolikop]

1st : It's not today's market cap as you can see it's an old tweet.

Code:

22 Nov 2016

Right...

If every millionaire on the planet would want to own one bitcoin there will not be enough btc to make that possible. no matter what they want to pay for it.

Well were not there yet so pls stop this nonsense, if we had a worlwide poll stating: Do u own some bitcoins 85% will be NO

If that would be true, Bitcoin would have gone to Neptune and beyond.

Minus all people who dont even use interndt so no