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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26483953 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. (174 posts by 3 users with 9 merit deleted.)
Ibian
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May 05, 2017, 03:11:23 PM

What do you think, how much time do we have left until they (Jews - the worlds elite) ban bitcoin worldwide due to potential danger for "terrorism"? Since they forbid anything they have no control over. Here in Germany (Europe in general) they started to ban prepaid phone cards already. Anything that you can buy without an ID is a risk for them control freaks.

My guess is, as soon as they will start their own crypto currency. I think about 2-3 years left?

Will not happen! They may try to regulate it even more.
But that will increase demand even more and people will buy more and more off exchanges.
You can not stop Bitcoin!
Germany is a shit place already! And I live there as well and can't wait to leave this place. But things need to be prepared well for that.

Haha you guys are so spoiled! Have a bockwurst and a Polaner and relax already!

Curious where you would prefer to live outside of North-West Europe....
Middle or possibly south america. Only real options left.
K~Ehleyr
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May 05, 2017, 03:16:16 PM

Looks like Bitcoin is dead again...
JimboToronto
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May 05, 2017, 03:21:13 PM

Good morning Bitcoinland.

It seems $1600 will be a slightly tougher nut to crack than $1500, which we breezed through.

After yesterday's substantial correction/profit-taking/beartrap and subsequent recovery, we seem stuck in the $1550-$1600 range... currently $1575USD (Bitcoinaverage).

This might take a couple of days before we get back to our regular ATHs. In the meantime we're still stringing together green daily candles.

Let's see what today's weighted average looks like when Dooglus updates his Top 20 Days thread.
chopstick
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May 05, 2017, 03:30:35 PM

The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.

True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.

I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.

Look for a correction down to 1400ish
JimboToronto
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May 05, 2017, 03:40:39 PM

The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.

True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.

I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.

Look for a correction down to 1400ish

More than half of all global volume is in JPY and you think it has to do with Finex?

That's ridiculous. Try again.
Denker
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May 05, 2017, 03:41:53 PM

The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.

True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.

I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.

Look for a correction down to 1400ish

And what you call the shitcoin rise then? Natural? Sustainable?
In terms of finex their will be an announcement coming on the weekend or monday at the latest.
1400 would still be a very good level for a bottom.
Elwar
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May 05, 2017, 03:50:12 PM

The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.

True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.

I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.

Look for a correction down to 1400ish

I am thinking the same thing. Bitfinex price had to rise and everyone followed.

With Bitcoin finding the price point is difficult. Nobody knows what it is worth so you just go with the flow.

The main thing to keep it from jumping to 1 million is that there are 12.5 BTC created every 10 minutes. There is at least some price limiter from miners.

I believe that most miners are smart enough to hold off on selling during a rally. Though they have bills at the end of the month that they can only hold back on so long.
Nagadota
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May 05, 2017, 03:51:59 PM

The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.
No reason at all why other exchanges would follow Bitfinex.  Bitfinex is following the other exchanges.  A low liquidity can cause lowered prices relative to other exchanges as well.
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
The Japanese yen was near insignificant in Bitcoin before.  Now it represents over half of all trading volume.  That's definitely enough.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Reality.
Qartada
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May 05, 2017, 03:58:11 PM

The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.

True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.

I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.

Look for a correction down to 1400ish

I am thinking the same thing. Bitfinex price had to rise and everyone followed.

With Bitcoin finding the price point is difficult. Nobody knows what it is worth so you just go with the flow.

The main thing to keep it from jumping to 1 million is that there are 12.5 BTC created every 10 minutes. There is at least some price limiter from miners.

I believe that most miners are smart enough to hold off on selling during a rally. Though they have bills at the end of the month that they can only hold back on so long.
With a block every ten minutes, there would be around 650,000 Bitcoin created per year at the current 12.5 Bitcoin block reward, meaning that the inflation rate is 4% at most.  Even though it would take much less Bitcoin than that to destroy the exchange rate, it's not going to be a significant limiter on the price when investors are actually getting involved.
Ibian
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May 05, 2017, 03:58:59 PM

So what's going on with the nips? Why do they suddenly care?
chopstick
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May 05, 2017, 04:07:07 PM

And what exactly makes you think that the Japanese  plan for long-term holding and these are not just more speculative bubbles? When a drop happens they will dump like everyone else.

The large trader Japs want more yen, they don't care about Bitcoin. Bitcoin gains its long-term value from it's usability as a currency, and it's still restricted as of today in its ability to do this.

Bitcoin does NOT gain long-term value from millionaires & billionaires playing with their play money trying to increase their FIAT currency holdings on the speculative exchanges.

I know you guys want this price rise to last but look at things objectively. The scaling debate still hasn't been resolved.

Wait until after the scaling issue is over-with to go PERMABULL on steroids.

Until the scaling debate is resolved, Bitcoin's market share dominance will continue to drop. It's already below 60%. Pretty soon it will be below 50%. And it will be a historic moment for crypto when this happens.

That being said once Bitcoin can finally scale, I wager a price increase up to 2K+, followed by 3K, etc etc, and BTC's marketshare dominance will shoot back up to 90+%, with all the altcoins dropping like rocks.

Once the scaling debate is done and the war is settled. THEN it's time for bulls on parade:

https://www.youtube.com/watch?v=3L4YrGaR8E4

JimboToronto
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May 05, 2017, 04:14:26 PM

So what's going on with the nips? Why do they suddenly care?

Legislation passed on April 1 (no foolin'!) legalizing Bitcoin for trade and commerce.

Since then many businesses including their biggest department store chain have started accepting Bitcoin and numerous new exchanges are popping up.

It looks like it's almost going mainstream there.
BDO_44
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May 05, 2017, 04:24:35 PM

this is the end of the line

the only thing you should be hodling is fiat
Dakustaking76
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May 05, 2017, 04:29:43 PM

So what's going on with the nips? Why do they suddenly care?

Legislation passed on April 1 (no foolin'!) legalizing Bitcoin for trade and commerce.

Since then many businesses including their biggest department store chain have started accepting Bitcoin and numerous new exchanges are popping up.

It looks like it's almost going mainstream there.



So we Will rise again?
600watt
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May 05, 2017, 04:30:39 PM

must be some PBOC news or alike i bet.  Roll Eyes
Okurkabinladin
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May 05, 2017, 04:33:07 PM

Bitcointalk User: "To da moon, bitches! Death to all bears!"

Price drops by 15%

Bitcointalk User: "Abandon ship, abandon ship, everything is lost!"

Some of you need prozac or Jesus or both. When you attack people who dont share your blind euthasism and when you lose all self control to momental price fluctuation displaying acute lack of humility and perspective.
This is formation of triangle, not biblical armageddon.
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May 05, 2017, 04:43:55 PM

this is the end of the line

the only thing you should be hodling is fiat

Really...? Lol!

No thanks... I'm been buying btc with my fiat every month for years now!

Now I'm buying more mining equipment with my fiat... Cheers


Bitcoin will be over 5k$ in 2018  Grin
york780
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May 05, 2017, 04:49:10 PM

Bitcointalk User: "To da moon, bitches! Death to all bears!"

Price drops by 15%

Bitcointalk User: "Abandon ship, abandon ship, everything is lost!"

Some of you need prozac or Jesus or both. When you attack people who dont share your blind euthasism and when you lose all self control to momental price fluctuation displaying acute lack of humility and perspective.
This is formation of triangle, not biblical armageddon.
TO DA MOON
ITS ALL OVER FOR EVER AND ALWAYS. PRICE IS ONLY 1500 USD Sad
Coinnosaurus
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May 05, 2017, 04:54:42 PM

Bitcointalk User: "To da moon, bitches! Death to all bears!"

Price drops by 15%

Bitcointalk User: "Abandon ship, abandon ship, everything is lost!"

Some of you need prozac or Jesus or both. When you attack people who dont share your blind euthasism and when you lose all self control to momental price fluctuation displaying acute lack of humility and perspective.
This is formation of triangle, not biblical armageddon.
TO DA MOON
ITS ALL OVER FOR EVER AND ALWAYS. PRICE IS ONLY 1500 USD Sad
so sad ((


PS you made 100%+ profit and you're still unsatisfied ..wtf  Huh
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May 05, 2017, 05:00:37 PM

The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.

True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.

I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.

Look for a correction down to 1400ish

And what you call the shitcoin rise then? Natural? Sustainable?
In terms of finex their will be an announcement coming on the weekend or monday at the latest.
1400 would still be a very good level for a bottom.


Agreed. It's naive to think that largest exchange stop processing withdrawals in USD doesn't have any effect on the market.They retired their BFX token, introduced a ton of liquidity in people's account and then made BTC the only way to get out. Otherwise why would there be a $100 spread? Shitcoin rise is dumb people "traders" calling tops and thinking of alt coins as diversification just parking money there instead of USD waiting for a "correction" to jump back in BTC.


Or those are my 2c

Edit: But the good thing is, the gap between Finex is starting to close before announcement. Maybe someone front-running an announcement 
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