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

[yefi]

Thx Lauda, unfortunately the pic doesn't work anymore, i think the price is to high with all those extra zero's

[1714033719]

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[1714033719]

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[DaRude]

Thx Lauda, unfortunately the pic doesn't work anymore, i think the price is to high with all those extra zero's

I like this one more over the previous version

[Mervyn_Pumpkinhead]

BTC market is annoyingly heavy and weak. The motivating bullrun that was meant for yesterday, turned out to be something embarrassing. Maybe it will get a small spike upwards today, but it seems more like the party is already over. Maybe something fun will happen with LTC and other retro-coins till the newer cryptos correct themselves.

This is how I imagine the hardcore fanatics cheering on bitcoin at the moment:

[Karartma1]

Someone asked for an update of this gif, and someone created it (I'm just sharing). Make sure to bookmark it: https://i.giphy.com/l4FGCYu1xKXZAoBwc.gif (can't be embedded here probably due to filesize)
Any projections for this uncharted territory? New support building at $14xx+?

I asked for it a while ago

Someone please update the Pac-Man Machine Gun Sky Climbing Bitcoin Price gif

thanks 

thank you Lauda  

About projections: until I don't see the finex thing solved in one way or another I don't know what is going to happen and if we'll keep $1400.
But it seems bitcoin is living is own life right now, no more worries about exchanges' problems

[becoin]

This is how I imagine the hardcore fanatics cheering on bitcoin at the moment:

How do you imagine hardcore haters whining on bitcoin at the moment?

[JimboToronto]

-childish trolling-

How do you imagine hardcore haters whining on bitcoin at the moment?

[Searing]

Wow, what an evil genius you are, Searing!  Can I be your white cat?  

hey ..there is NOT a chance in hell it will work....esp with bitmain taking my miners back L3'd back paid for on april 1st so they
could mine and try to stop seg witness..... for 6 weeks of hash lost and 1/3 difficulty rise...and/or
mining what I got for replacement units this last month on the L3+'s...but hey a guy can dream....

(frigging trouble with being 'evil genius' is that there is always someone better at it than you are at it)

But anyway, the plan is still on going (thou the cat is pissed..I"m pissed..and generally everyone is pissed who dealt with bitmain..live an learn)

Is the rally over now?  Was that it?  Is Bitcoin dead??  

well my 'evil plan' is working:)

btc is at $1,493 as we speak....

ltc is at $15.12 (what I'm mining) and not dumping as bad as other alts.

so mining paying back to get to 100 btc and would like to hold 1000 ltc (in case it pumps)

so ......worse case I'll run back to my ltc to btc mode of last 2 years and grab btc again

(this evil genius thing has a lot going for it..megalomania/drama/$$$/mystery/etc.....and of course the constant risk of 'gasp' bears in the tulips!)

All is well, I tell you all is well......



(hmmm..need a pet white cat to pet...and a monocle .......evil genius cred demands such)

Could be good to hold what you mine, for now

yeah...holding the LTC still not moving it yet....conflicted.....evil plan is 'unraveling' .......FOMO vs FOFFUP

sheesh ..2 more days 'supposedly' L3+'s ship. So do I go with my last 2 years of mining LTC and converting to BTC still? Get back to 100 btc?

0r hold LTC as a hedge in case (say 1000) ...in case ..the bitcoin devs of any flavor......NEVER get their act together and this continues to drag on...block size matters etc (ie btc dev power games again of any flavor)..that happens imho LTC will pump big time.


Hard to know what to do (whatever I choose is wrong therefore if I choose the opposite it to0is wrong....double faking myself out)

edit: actually below says it all on what I need......for my evil genius plan to work better

Come on developers! I think the price is just waiting and when SegWit and LN become activated, we will all buy Lambos  . But really, the price then should go ballistic...

I want the price to go up so high my ears pop

[Denker]

Someone asked for an update of this gif, and someone created it (I'm just sharing). Make sure to bookmark it: https://i.giphy.com/l4FGCYu1xKXZAoBwc.gif (can't be embedded here probably due to filesize)
Any projections for this uncharted territory? New support building at $14xx+?

Yeah I think mayn of us were waiting for un update. Finally we got it. Thanks for sharing.
In terms of the price, building out a new bottom around 1400 would be great. But it's still too early imo and that BitFinex issue still isn't solved and feels a bit like the sword of damocles. This won't have such an impact as Mt.Gox had in 2014 but definitely could do enough harm in terms of future price and trend development.

[Lauda]

Thx Lauda, unfortunately the pic doesn't work anymore, i think the price is to high with all those extra zero's

I didn't have time to modify it so that it works on the forum too, but someone else did in the meantime.

Rumor is if Finex hits $1600 it will rocket to $2000 with all those shorts destroyed. Followed with a (weekend) dump to sub $1400 or $1300 is plausible.

Finex was above $1600 yesterday. Didn't you catch that?

thank you Lauda 

You are welcome.

About projections: until I don't see the finex thing solved in one way or another I don't know what is going to happen and if we'll keep $1400.

In terms of the price, building out a new bottom around 1400 would be great. But it's still too early imo and that BitFinex issue still isn't solved and feels a bit like the sword of damocles. This won't have such an impact as Mt.Gox had in 2014 but definitely could do enough harm in terms of future price and trend development.

Support building above $1400 would be a very good indicator IMO.

[bitserve]

Someone asked for an update of this gif, and someone created it (I'm just sharing). Make sure to bookmark it: https://i.giphy.com/l4FGCYu1xKXZAoBwc.gif (can't be embedded here probably due to filesize)
Any projections for this uncharted territory? New support building at $14xx+?

Yeah I think mayn of us were waiting for un update. Finally we got it. Thanks for sharing.
In terms of the price, building out a new bottom around 1400 would be great. But it's still too early imo and that BitFinex issue still isn't solved and feels a bit like the sword of damocles. This won't have such an impact as Mt.Gox had in 2014 but definitely could do enough harm in terms of future price and trend development.

The Bitfinex issue should be meaningless in comparison to MtGOX for several reasons. Not only there are way more exchanges out there, but also there has been enough enough time and advices to get out of there already. I supposse that after MtGOX lesson, most have already learn the risks.

If anyone loses any money when/if Bitfinex goes belly up it is because they don't really care about it or because they are shorters that are willing to sink with the ship.

Also if it really goes under, it will probably die with one final big spike upwards.

[bitebits]

The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.

[Cangkeman Wae]

Amazingly, this is the record that the price had already passed $1450. I think the trend of rising prices will continue until the end of this year.

[dukeneptun]

Amazingly, this is the record that the price had already passed $1450. I think the trend of rising prices will continue until the end of this year.

I was told 10K by the end of the year so hold on tight.

[bitserve]

The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.

Yes, that is also true. Although I neither expect that to be a violent move at all.

[JayJuanGee]

Amazingly, this is the record that the price had already passed $1450. I think the trend of rising prices will continue until the end of this year.

I was told 10K by the end of the year so hold on tight.

Who told you?

Someone on the interwebs?

Sounds like a wish.. rather than anything, no? 

I put the chances of $10k by the end of the year to be less than 10%.. and even 10% would be pretty good, but I am not sure if such a prediction is even that high.   

[craked5]

Amazingly, this is the record that the price had already passed $1450. I think the trend of rising prices will continue until the end of this year.

I was told 10K by the end of the year so hold on tight.

Who told you?

Someone on the interwebs?

Sounds like a wish.. rather than anything, no? 

I put the chances of $10k by the end of the year to be less than 10%.. and even 10% would be pretty good, but I am not sure if such a prediction is even that high.   

No it's not, that's like saying price will crash to 100$. It's not impossible but there is nothing right now that could support such a claim. Of course if Trump decides to recognize btc as a national currency price will go through the roofs but that won't happen ^^

[snipie]

The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.

Yes, that is also true. Although I neither expect that to be a violent move at all.

There will be a price correction but I think that it will just reduce the abnormal +$100 gap between bitfinex and the other exchanges, I don't think that the bitcoin price will crush under $1400 

[craked5]

The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.

Yes, that is also true. Although I neither expect that to be a violent move at all.

There will be a price correction but I think that it will just reduce the abnormal +$100 gap between bitfinex and the other exchanges, I don't think that the bitcoin price will crush under $1400 

I don't understand this gap though, is there any explanation for it?
But yeah no way the price goes too low, all I see about btc are good news!

[Okurkabinladin]

The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.

Yes, that is also true. Although I neither expect that to be a violent move at all.

There will be a price correction but I think that it will just reduce the abnormal +$100 gap between bitfinex and the other exchanges, I don't think that the bitcoin price will crush under $1400 

I don't understand this gap though, is there any explanation for it?
But yeah no way the price goes too low, all I see about btc are good news!

Every time you start seeing members saying "price XY is gone forever" it is time to mentally prepare for it 

Seems like we have no respite for now, though. And the rise will reach local top without correction. I am as excited as you are.

[becoin]

Most of the "professional" traders were caught short by this unstoppable uptrend. Nobody knows at what level there will be substantial correction. It can be at 2000, 3000 or 5000. When that happens you'll see a 10-15% daily uptick confirming that shorts have capitulated and time is right for healthy correction. Until that happens even day traders are not advised to close their longs.