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

[Last of the V8s]

There is a consideration to be made about ETFs being allowed to operate; maybe these ETFs to be are currently accumulating BTC assets?

Yes in recent days many of the commentariat have been claiming that institutional money is flooding in.

I also missed another and most obvious reason for price hikes in the last few days, which is the Korean situation.

Bitcoin rise a couple months ago was partially frontrun by Korea, and with mild downturn in most Asian markets more recently, inevitably some of that sell-off heads our way.

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[steelboy]

Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225...   Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.

Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price

...yet you fucks still get greedy like this.  

What a resentful and judgmental fuck you are.

Of course, hodlers are going to get excited.

Of course, there is going to be a lot of variance regarding when to sell and how much.

Also, it seems that we are currently in an upward trend that is likely to take us a bit of a ways.

I still say next resistance in the $4800 to $6800 territory, and then $8500 to $13000 territory.. and then $16500 to $19k thereafter.

WE gotta get through resistance in each of these areas, and I could see going to the $8500 to $13000 territory in this run, but I have a hard time with any kind of reasonable plausibility of the $16.5k to $19k... range... but what do I know?

Where have those resistance numbers come from JJG?

[AlexGR]

I still can't wrap my head around the fact that we are seriously talking about prices like this (and being realistic)... bitcoin has come a long way

In a sense, not really. People still don't understand bitcoin and why price in the thousands is low.

Satoshi put an arbitrary number of coins (21mn) out there, and that's where the price is coming from. Had the supply been 21 Billion, instead of million coins, nobody would bother on whether bitcoin is 1-2-3-5-10$. It would seem "cheap". People would say, wow one day it can go to 100$ or 500$ (the equivalent of 100k or 500k for a 21mn supply) and nobody would say "you are greedy"... But because there are 21mn coins, the 5$ equivalent is 5000$ in our case. And still people don't get it and appear impressed by "high prices".

Bitcoin is like Berkshire stocks which cost a quarter of a million bucks without them being "expensive" - but rather as a consequence of the low number of stocks: https://finance.yahoo.com/quote/brk-a?ltr=1 ...if people don't get Berkshire pricing, it's unlikely they'll get Bitcoin pricing. And most of the time, they don't. Even those in Bitcoin don't get it.

[vortex1878]

Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225...   Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.

Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price

...yet you fucks still get greedy like this.  

(stupid bs)

Where have those resistance numbers come from JJG?

His ass. Please stop quoting this donkey I have on ignore for ages. Thank you.

[olseh]

I still can't wrap my head around the fact that we are seriously talking about prices like this (and being realistic)... bitcoin has come a long way

In a sense, not really. People still don't understand bitcoin and why price in the thousands is low.

Satoshi put an arbitrary number of coins (21mn) out there, and that's where the price is coming from. Had the supply been 21 Billion, instead of million coins, nobody would bother on whether bitcoin is 1-2-3-5-10$. It would seem "cheap". People would say, wow one day it can go to 100$ or 500$ (the equivalent of 100k or 500k for a 21mn supply) and nobody would say "you are greedy"... But because there are 21mn coins, the 5$ equivalent is 5000$ in our case. And still people don't get it and appear impressed by "high prices".

Bitcoin is like Berkshire stocks which cost a quarter of a million bucks without them being "expensive" - but rather as a consequence of the low number of stocks: https://finance.yahoo.com/quote/brk-a?ltr=1 ...if people don't get Berkshire pricing, it's unlikely they'll get Bitcoin pricing. And most of the time, they don't. Even those in Bitcoin don't get it.

Definitely the right way way to look at it. I've been seeing more and more people now comment they won't ever be able to afford a single bitcoin anymore... and it's true! There's many out there now that are being priced out of the opportunity of ever having a full coin; that feels pretty special!

[aesma]

Feeling like I'm going to be driving that Porsche this winter !

[Quick_Armory_Question]

Well, after lurking on this site for years I've decided to make my first post on this legendary thread. Long live bitcoin! To the moon!

[Meuh6879]

more than 2b per day ...

[600watt]

Well, after lurking on this site for years I've decided to make my first post on this legendary thread. Long live bitcoin! To the moon!

you picked a nice moment to join. welcome!

to the moon!

[soullyG]

Sooo...woke up to a new ATH...what's the target for this weekend? $4k?

 

[Searing]

Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225...   Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.

Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price

...yet you fucks still get greedy like this.  

What a resentful and judgmental fuck you are.

Of course, hodlers are going to get excited.

Of course, there is going to be a lot of variance regarding when to sell and how much.

Also, it seems that we are currently in an upward trend that is likely to take us a bit of a ways.

I still say next resistance in the $4800 to $6800 territory, and then $8500 to $13000 territory.. and then $16500 to $19k thereafter.

WE gotta get through resistance in each of these areas, and I could see going to the $8500 to $13000 territory in this run, but I have a hard time with any kind of reasonable plausibility of the $16.5k to $19k... range... but what do I know?

I still can't wrap my head around the fact that we are seriously talking about prices like this (and being realistic)... bitcoin has come a long way

This is my first real bubble too... from $250 to $3800 is quite amazing, and surely having had made it past the earlier resistance makes these higher levels of resistance quite more realistic and plausible, especially since the rise from $250 has been decently gradual (over nearly two years) as compared with other exponential growth periods that were much shorter.  And, people were pretty fucking pessimistic in 2015, and some hodlers were selling parts of their stash and turning into bears, too... and even the participation in this thread was quite low, too.

So we are truely in better days in which the trend is our friend, especially if we can play it strategically and sell on the way up but not too many, because you want to have a decent stash, even if the unthinkable and the less likely scenarios play out.... that is $20k and then Adam's repetitively favorite $32k thereafer... hahahahaha  I plan to have sold some coins along the way and still have a decent stash of coins in any off those upwards and seemingly less likely scenarios.

I can't wrap my head around the ATH,s flashing past either. So I play a mental game and say
the price corrects 1/3 back to say from current price $3,750 to $2,475. But then that number freaks
me out, because I remember $650 btc last summer. Stuck in a loop. My head hurts.

In 2013 at $150 usd it was easy to think. Tulip money. Easy come easy go.

Er.   Now.  Not so much.

[lightfoot]

I can't wrap my head around the ATH,s flashing past either. So I play a mental game and say
the price corrects 1/3 back to say from current price $3,750 to $2,475. But then that number freaks
me out, because I remember $650 btc last summer. Stuck in a loop. My head hurts.

In 2013 at $150 usd it was easy to think. Tulip money. Easy come easy go.

Er.   Now.  Not so much.

I know. I just woke up and was thinking about you as I looked at today's price. Are you also wiggling in glee like a happy little glowworm right now?

[JimboToronto]

An extra early but splendid good morning Bitcoinland.

I missed a couple of days but see that the post-fork rally is continuing quite nicely.

Another day, another ATH, another small correction/profit-taking, onward and upward... currently $3800USD/$4818CAD (Bitcoinaverage).

Amazingly, AltCash is still over $300... currently $327USD/$415CAD (Coinmarketcap).

The CAD total over $5k represents a nice new milestone. Anyone with a couple hundred bitcoins is now a millionaire.
____

You used to have to be a whale to be a millionaire. Now the millionaires' club is open to small fish.

[lightfoot]

Indeed. I used to wonder if BTC would pass silver. Then be on parity with gold. Now I'm waiting for parity with BRKA....

Give it time.

[Nemo1024]

Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225...   Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.

Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price

...yet you fucks still get greedy like this.  

Well, most will. I managed to quadruple my BTC fortune since I started in the 90$-range. The key, when you do a mistake, like above, acknowledge it, calmly weigh the options and acts without being affected by emotions.

[d_eddie]

Gdax prices still way above the rest. What do you think the matter is?

[bones261]

Gdax prices still way above the rest. What do you think the matter is?

Perhaps it's not related, but Gdax/Coinbase may be getting more volume due to the plans on Bitfinex to phase out US customers. (Or they'll move to Kraken, Bitstamp, or Gemini I suppose.) They already are not validating any more US customers.

https://www.bitfinex.com/posts/216

Pity, i was really hoping that I could do something with the $0.14USD and 2000K sats of BTC and BCH that I have on there.

Furthermore, Coinbase is one of the easier gateways for people to buy/sell bitcoins for USD. If the price is trending higher than the other exchanges, it is usually a good indicator of noob interest. If it's lower, than it is a good indicator of people wanting to make an quick exit back to fiat.(I'm making an educated guess here, admittedly, though.)

[JimboToronto]

Back up over $3800USD on all major exchanges.

How pleasant. 

[Meuh6879]

4000 USD ?!?

[BTCtrader71]

Why would you need to get paid? ...

I say that because anything that takes a lot of work would require motivation to keep working as opposed to just sleeping in and playing video games. It would not be fair to anyone if I started working on something that I believe in then bail once I grew bored of it or something else took up my time.

I might consider writing a multiplayer seasteading video game. I worked on games in college and that was something I enjoyed doing voluntarily. But it was on my own schedule.

I can understand that. I have several passion projects that I rotate through in my free time and I def enjoy the freedom to pick them up and put them down at will.

Question for me is: at what bitcoin price can I work on my passion projects full time? I think we're close (on a log scale) but not quite there yet. I suppose that's a question relevant for many people on this thread. Perhaps that could be a poll: at what bitcoin price will you quit your day job - or maybe keep working, but no longer care about the salary?