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Question: July 28 Closing Price:
<$3,000 - 6 (7.7%)
<$8,000 - 5 (6.4%)
$8,001-$8,500 - 2 (2.6%)
$8,501-$9,000 - 1 (1.3%)
$9,001-$9,500 - 11 (14.1%)
$9,501-$10,000 - 5 (6.4%)
$10,001-$10,500 - 8 (10.3%)
$10,501-$11,000 - 13 (16.7%)
$11,001-$11,500 - 7 (9%)
$11,501-$12,000 - 3 (3.8%)
$12,001-$12,500 - 4 (5.1%)
$12,501-$13,000 - 3 (3.8%)
$13,001-$13,500 - 2 (2.6%)
$13,501-$14,000 - 2 (2.6%)
>$14,000 - 3 (3.8%)
>$18,000 - 3 (3.8%)
Total Voters: 78

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21296654 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (102 posts by 19 users deleted.)
AlexGR
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January 16, 2017, 10:07:03 AM

Bitcoin Difficulty:   336,899,932,796
Estimated Next Difficulty:   380,176,964,299 (+12.85%)  Cool
Adjust time:   After 1113 Blocks, About 6.8 days
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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January 16, 2017, 10:32:47 AM

Bitcoin Difficulty:   336,899,932,796
Estimated Next Difficulty:   380,176,964,299 (+12.85%)  Cool
Adjust time:   After 1113 Blocks, About 6.8 days

That is a good good reason NOT sell anything i get from mining.
I am sure many others who mine until now will do the same...
I expect a big impact on the price upwards.
I think in 2 weeks from now the price should be at 900€ about.
valta4065
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January 16, 2017, 10:44:39 AM

Bitcoin Difficulty:   336,899,932,796
Estimated Next Difficulty:   380,176,964,299 (+12.85%)  Cool
Adjust time:   After 1113 Blocks, About 6.8 days

That is a good good reason NOT sell anything i get from mining.
I am sure many others who mine until now will do the same...
I expect a big impact on the price upwards.
I think in 2 weeks from now the price should be at 900€ about.

Yeah but if everyone is doing like you...
It means price will go up indeed.
But as soon as it goes up enough all the miners will start to sell what they mined!
So price is gonna crash again :/
the artful bodger
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January 16, 2017, 11:30:48 AM
Last edit: January 16, 2017, 12:10:20 PM by the artful bodger



julian071
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January 16, 2017, 01:38:14 PM

Let's see where the support is now. Wink

the next 24 dumps are critical.

The next several hours (from now) are critical. If we'll have more dumps and test (might even break) support at 5200 CNY, even if it will bounce, a very bearish scenario would become possible.
If however there will be a small pump (that would hold for a while), then further support testing is unlikely to break and should result in a large triangle that should break upwards, with target around 8000 CNY.

The small pump happened, so far seems to favor the bullish scenario. But remember, the PBoC can trash the bullish TA anytime. Grin


my speculation about the what happened:

1)when chinese exchanges hit new ath a cascade of naked shorts and fucked up max leverage setup caused the first dive. okcoin and others couldn´t handle the traffic anymore, traders couldn´t log in, fortunes lost.

2)some of those traders are high ranking members of the communist party (or their kids). they called papa or mama and cried because the got goxed by okcoin.

3)high ranking party leaders grabbed the phone and called PBOC to do something.

4)PBOC stepped in not to ban bitcoin, but to safe bitcoin (well, safe the crypto kids from getting goxed again - no more naked shorts, no more 100x leverage)

5)media learns about PBOC visiting all chines exchanges; bitcoin community gets the buzz words PBOC, chinese exchanges panicking nightmare of 2013 OMG SELL ALL THE COINS causing the:

6)second dive.

7)everyone freaks out because of 2nd dive. fears of 14month uptrend reversed in a few days. btc FUD spin doctors step in OMG sell all teh coins:

8)third dive

9)slowly the community begins to realize that china did not ban bitcoin.


Haha great recap, thanks!
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January 16, 2017, 02:18:47 PM

If I put in a buy on bitfinex at 30k usd/btc with a volume of 7.5mil = .4% x btc at830. Do I raise the btc price on the market by 3.32 usd/btc
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January 16, 2017, 03:18:18 PM

If I put in a buy on bitfinex at 30k usd/btc with a volume of 7.5mil = .4% x btc at830. Do I raise the btc price on the market by 3.32 usd/btc


Nope... more than that! Tongue Maybe 100$ if u'r lucky. Smiley

*edit:   And you don't buy them all at once ffs... Smiley  (especially if u want to rise the price)
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January 16, 2017, 03:36:10 PM

Lulz still at all the bear trolls that showed up in the past week.

We are going up!
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January 16, 2017, 03:54:22 PM

Man, if we go 10x from here..... there are going to be some happy & retired relaxed people

If we go up 10x quickly most people will jump ship at 2x, 3x, etc. expecting to crash back down.

A long gradual climb to 10x will take a long time.

Personally, I would rather the price rise so high that I can retire with my bitcoins. Instead of the price shooting up quickly and retiring by selling my bitcoins.
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January 16, 2017, 04:38:30 PM

Another good morning Bitcoinland.

Tumblin' tumbleweeds. Still going sideways... currently $835USD (Bitcoinaverage).

I think by now everybody with a brain realizes that the fake dump (caused by the PBOC investigation) is done and we're ready to move on.

I feel sorry for people who sold but it's not too late for them to buy back. As usual, holders have been able to sit back and enjoy watching all the trader angst. Life's too short to inflict unnecessary stress on oneself.
 
Let's get this thing moving back up.
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January 16, 2017, 04:55:19 PM
Last edit: January 16, 2017, 05:24:18 PM by bitebits

[...]
Personally, I would rather the price rise so high that I can retire with my bitcoins. Instead of the price shooting up quickly and retiring by selling my bitcoins.

Yes, selling bitcoins for fiat feels like betrayal. Somehow unfortunately if Bitcoin lives up to it's expectations, it's growth can't be gradual. It is a hell of a dilemma I yet haven't found an answer for.


EDIT: In line with the above comment an interesting article including a response I did not really think about before:
https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.7l05e4gug

Quote
You missed an important point: *why* this cycle is able to occur in Bitcoin but not as much in other assets. Bitcoin (generally, cryptocurrency) has a unique quality that no other commodity has: its supply is perfectly inelastic. No matter how much or how little demand there is for bitcoins, they still get produced at the same rate. Every other commodity responds to prolonged, elevated demand with elevated production: higher prices lead to faster production, which suppresses prices. This can’t happen in Bitcoin: higher prices encourage more mining, but more mining doesn’t cause faster production. The utter lack of any suppressing counter-force on the Bitcoin price is what allows it to experience such huge bubbles.
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January 16, 2017, 05:16:49 PM





u guys have really taken this to all new levels.. gratz.
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January 16, 2017, 05:24:25 PM

Yes, selling bitcoins for fiat feels like betrayal.  

Indeed. Sometimes it happens, though. The secret is to not think of it as selling your bitcoins for dollars, but rather as temporarily pawning them to get through an emergency.

It's like a beloved musical instrument. You'd never consider selling it, but you'd let the pawnbroker hold it until you can redeem the ticket. You never lose sight of the fact that you'll get it back some day.
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January 16, 2017, 06:02:08 PM

Slow upwards grind until ETF decision. Then... Cool
bitebits
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January 16, 2017, 06:11:00 PM

^ Thanks for the wise words old man, I like the temporary pawning thought.

I thought the next top would be around $6k, but some of the Elliot Waves guys disagree:
https://medium.com/@coinscrum_75299/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-acd81d3b2b92#.qfe8ak8xg

I am getting convinced selling almost guaranteed makes you miserable: You sell too early or too late.
Greed is a bitch.
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January 16, 2017, 06:20:22 PM

Slow upwards grind until ETF decision. Then... Cool


...crash.




 Wink
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January 16, 2017, 06:42:40 PM

Slow upwards grind until ETF decision. Then... Cool

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.
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January 16, 2017, 06:54:18 PM

Slow upwards grind until ETF decision. Then... Cool

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.


when is the next ETF decision ?
bitebits
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January 16, 2017, 06:57:38 PM

Slow upwards grind until ETF decision. Then... Cool

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.


when is the next final ETF decision ?


March 11.
rjclarke2000
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January 16, 2017, 07:10:44 PM

Slow upwards grind until ETF decision. Then... Cool

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.


when is the next final ETF decision ?


March 11.


Will they continue kicking the can down the road so to speak or could they even say NO.
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