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

[spooderman]

i reckon a run up to about $4K over the next month

i wish i felt pressure to sell when the price was high, not low.

that said, i've hodl since 2012.

i've seen some shit.

What do you think the high of 2017 will be? Do you think $4K will be it, or do you think higher? This is the first time I experienced it getting close to an ATH so I'm out of my depth.

i've experienced all of them since $31.

given the history of bitcoin's price movements my hunch is that it'll run up to fairly close to $10k and then crash back down to the $3500-$5500 range for a while.

after that it's unlikely to crash again like the past 2 bubbles. there isn't the potential for disaster that there once was that would trigger these things.

so i imagine that after that another brief period will follow of not much movement and then another run up past $10k and suddenly flying all the way up to silly money in the hundreds of thousands and millions.

segwit becoming activated will make me more optimistic and committed to this guess. but even without any scaling attempt at all bitcoin's future is guaranteed and therefore it's appeal as a store of value is too.

IOW

This is Gentlemen.

this was always gentlemen.

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[Ted E. Bare]

spooderman knows

[spooderman]

on another note, why is stamp consistently above finex? that never used to be the case, did something trivial change here? has it been this way since finex got hacked?

i haven't been paying close attention to the variation among exchanges for quite a long time. stamp would always lag below the other exchanges.

[JayJuanGee]

i reckon a run up to about $4K over the next month

i wish i felt pressure to sell when the price was high, not low.

that said, i've hodl since 2012.

i've seen some shit.

Do you usually do the opposite of what you are supposed to do?

Sell low and buy high, rather than buy low and sell high?

It seems to me to be a very tempting inclination that most people seem to have (especially if they are not really trained in trading), and it seems that it is possible (but difficult) to train yourself out of thinking and feeling like that in order that you are prepared to do the right thing when the rubber hits the road (that is to buy low and to sell high).

[JayJuanGee]

on another note, why is stamp consistently above finex? that never used to be the case, did something trivial change here? has it been this way since finex got hacked?

i haven't been paying close attention to the variation among exchanges for quite a long time. stamp would always lag below the other exchanges.

I think that some of the dynamics at Finex has changed a little, but those dynamics may work themselves out over the coming months... At least, I hope that they do.

In the past several hours; however, there have been several times that walls of coins have been put up at $839, and currently at $844  (200 to 500 coins), and I am not sure if there are just too many coins on bitfinex and not enough cash - since, possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange, and you know how much easier it is to move coins rather than cash.. so when push comes to shove, there may be a much easier ability to move coins to bitfinex rather than cash and there are not enough folks on bitfinex storing cash..   i am kind of guessing on this point based on what could be a kind of feasible scenario.

[notme]

on another note, why is stamp consistently above finex? that never used to be the case, did something trivial change here? has it been this way since finex got hacked?

i haven't been paying close attention to the variation among exchanges for quite a long time. stamp would always lag below the other exchanges.

I think that some of the dynamics at Finex has changed a little, but those dynamics may work themselves out over the coming months... At least, I hope that they do.

In the past several hours; however, there have been several times that walls of coins have been put up at $839, and currently at $844  (200 to 500 coins), and I am not sure if there are just too many coins on bitfinex and not enough cash - since, possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange, and you know how much easier it is to move coins rather than cash.. so when push comes to shove, there may be a much easier ability to move coins to bitfinex rather than cash and there are not enough folks on bitfinex storing cash..   i am kind of guessing on this point based on what could be a kind of feasible scenario.

I believe that margin trading is still disabled.  Much of the cash stored on finex was there to server as margin for long BTC positions.  Without that fat interest rate many people probably moved their funds elsewhere.

[cmacwiz]

Highest prices I have ever seen. Looks like a pivotal time for institutions to take interest, about to get bubbly...

[exponential]

Choo Choo Motherfuckers

Edit: fuckin 'A it feels good to type that again.

[r0ach]

Looks like open highway to $900.  Will have to see if the Jews try to implode it and form a double top in the $1000s or if they want to force people into bitcoin instead of gold and silver and thus allow it to keep going to the moon.  Silver market is not much bigger than bitcoin so at some point they're either coming after bitcoin too, or they'll want everyone in bitcoin instead since it's easier to regulate and tax.

Lowest it can dump to is $720ish, while the current upside targets are $815 and $900.

[JayJuanGee]

on another note, why is stamp consistently above finex? that never used to be the case, did something trivial change here? has it been this way since finex got hacked?

i haven't been paying close attention to the variation among exchanges for quite a long time. stamp would always lag below the other exchanges.

I think that some of the dynamics at Finex has changed a little, but those dynamics may work themselves out over the coming months... At least, I hope that they do.

In the past several hours; however, there have been several times that walls of coins have been put up at $839, and currently at $844  (200 to 500 coins), and I am not sure if there are just too many coins on bitfinex and not enough cash - since, possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange, and you know how much easier it is to move coins rather than cash.. so when push comes to shove, there may be a much easier ability to move coins to bitfinex rather than cash and there are not enough folks on bitfinex storing cash..   i am kind of guessing on this point based on what could be a kind of feasible scenario.

I believe that margin trading is still disabled.  Much of the cash stored on finex was there to server as margin for long BTC positions.  Without that fat interest rate many people probably moved their funds elsewhere.

I suppose that could be an additional factor that is causing there not to be enough cash on bitfinex?    If this situation persists; however, it seems that traders are going to recognize some of the arbitrage opportunities.... Yet, maybe Bitfinex can also take some efforts to inspire (incentivize) folks to put more of their cash there?

[phr33]

6022 6033 6040 on Huobi. How many days in the past has it been north of that? Not many!

[spooderman]

850 

[notme]

850 

China broke 6000 CNY and jumped up nearly 1% in minutes.

[r0ach]

850 

[Ibian]

Is this happiness?

[JimboToronto]

OMG. I come home late last night to see it over $800. I come home early tonight and it's up over $850.

Dare I say CCMF?

What will I see in the morning?

[Ibian]

OMG. I come home late last night to see it over $800. I come home early tonight and it's up over $850.

Dare I say CCMF?

What will I see in the morning?

It will be OVER 9000!!!

[Fakhoury]

gotta love the FOMO factor.... but the google couldnt find me a  meme....

Can't let you down.

(lots of big FOMO images)

lol... thanx my friend.
guess i shoulda put a little more effort into my googlin

I guess yes

You are most welcome buddy

[JimboToronto]

OVER 9000!!!

I'll assume that's a typo.

I'd be really happy with $900. That'd be so close to an ATH.

$935USD = $1255CAD.

Go Bitcoin go.

[Karartma1]

OMG. I come home late last night to see it over $800. I come home early tonight and it's up over $850.

Dare I say CCMF?

What will I see in the morning?

This feels epic, the morning coffee taste is getting superb and glorious. We said we were coming here and we are.
It's mathematical and never forget we are talking about the best peer-to-peer electronic cash system!
Then we demand and supply, you all know better than me.

 

Enjoy the ride (and a good coffee)