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Question: Nov. 15 Closing Price:
<$6,000 - 22 (18%)
$6,000-$6,100 - 2 (1.6%)
$6,100-$6,200 - 1 (0.8%)
$6,200-$6,300 - 3 (2.5%)
$6,300-$6,400 - 10 (8.2%)
$6,400-$6,500 - 13 (10.7%)
$6,500-$6,600 - 20 (16.4%)
$6,600-$6,700 - 5 (4.1%)
$6,700-$6,800 - 4 (3.3%)
>$6,800 - 42 (34.4%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20725058 times)
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bitserve
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December 03, 2017, 10:46:37 AM

I wouldn't be surprised if Theymos sold a bunch of his btc stash before the 2x threat.  I know at least one other prominent early adopter who completely cashed out.

Theymos might be hoping the price comes back down so he gives advice as such to make himself feel better. I don't know why he otherwise would feel compelled to advise people. Why does he care? This is free market. Let people live and learn.

There are reasons to give that advice to other people that are beyond altruism while at the same time not being just purely greed:

When many people is overinvested in a specific asset the risk of BIG crashes rises exponentially. That is bad for everyone... for everyone long I mean no matter if they are big or small holders.

That's exactly the reason why some famous phrases like "When I see  my driver talking about stocks, I know it's time to sell".

I am sure Theymos don't really want the price to go down.... only to rise healthy and solidly. If that means a temporary dip caused by people rebalancing their Bitcoin exposure, so be it... It will be better on the long run.
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December 03, 2017, 10:47:33 AM

Bitcoin is boring me to death right now  Angry
Elwar
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December 03, 2017, 10:58:38 AM

Bitcoin is boring me to death right now  Angry

I agree!!11,111!!
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December 03, 2017, 11:01:21 AM

what is the current ath? we must be close to another
HairyMaclairy
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December 03, 2017, 11:07:17 AM

Good to remember things like this in the right light. The market is a lot more mature now. Just as volatile, I should think.

I don’t think we’ll ever see a 96% crash again (the sole exception being a hidden flaw in the bitcoin protocol).  A 40% crash is going to be a “big deal”.

You go from pessimistic to optimistic to pessimistic.. currently seeming optimistic.. ?.

We had a 40% drop in mid September from $4980 to $2790, and then we had a 30% drop a couple of weeks ago from $7,888 to $5,555, and then we just had nearly a 27% drop from $11,395 to $9,000.

I personally think that a 60% to 80% drop is possible, especially if we look at spike amounts, and perhaps, it could be sustained at somewhere above 60% - however, it does not seem that we get there in the near future based on current BTC price market dynamics, and gosh, I am not sure how much we go up before a BIG ASS crash and even sustained downward manipulation becomes realistic.. so yeah, maybe we go up to $30k first, or perhaps $80k...

We cannot really know the amount that we are going to go UP until we go there and even how long it might take to get to the UP point.  For example, I think that if all of a sudden, within less than a week, we were to do a 3x in the current BTC price, then that would likely NOT be sustainable and perhaps in that kind of situation, then we may get more than a 60%, and even perhaps spikes down to a 80% correction?

So, my point is that I would not rule out these kinds of BIG ASS corrections, even though in the current market situation, any such correction is not likely to get anywhere close to 40%, because we just had one, within the past week, that took us down nearly 27% and we "recovered" quite nicely.. so having another 40% seems a bit preposterous.. absent some major successful FUD or something like that.

I’m a harder bull than many in this thread.  I have a 5 year price forecast of US$150 - 500k.  The reason is because I believe that Bitcoin has been mischaracterised as an asset when it is really a financial instrument.  In the period 2000 - 2007 the global value of CDOs rose from $69 billion to $1.7 trillion.  Bitcoin could easily do the same except it is starting from a higher base and has the potential for much greater capital inflows and higher market cap because it is also traded by retail investors.   So I put the market cap at $2 trillion to $5 trillion after 5 years.  This is without any disruption of the existing market system - ie the value of the US dollar remains much the same.  I have assumed for these purposes that the number of generated, non-lost, non-dust Bitcoins is somewhere less than 12 million.

I come off as a bear sometimes as I am a big fan of Nicholas Taleb in the book The Black Swan.  Looking for black swans is a bit of a hobby.

In any event, come what may, I enjoy the company of everyone on this thread as we share this historic journey.
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December 03, 2017, 11:14:04 AM


Yeah, hard for me to be completely calm on a price correction of say 30% down. I mean it has been a rise from 1K btc in Jan 2017

to $11,137.93 as I type this. BTC has gone up 11x w/o adding BCH and BTG ..as an aside, too boot!

As someone, who started mining crypto in 2013, well, the acceleration can give one doubts, don't ya know Smiley

edit:

Someone would have told me this price in Jan 2017, I would have 'slug'd them' for messing with my head. Smiley

HairyMaclairy
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December 03, 2017, 11:14:23 AM

what is the current ath? we must be close to another

$11485 on Gdax.  Mentally it feels like we are still someways off that to me.  
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December 03, 2017, 11:18:49 AM

lol epic breakout
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December 03, 2017, 11:19:34 AM

To me, we are coiling up for another big move upwards. The pressure is building.
Bitstamp now has $140 million on the buy side with only 2100 BTC on the sell side.
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December 03, 2017, 11:20:16 AM

Again...

http://whatbubble.ytmnd.com/
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December 03, 2017, 11:22:57 AM

BTC


In the meantime:

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December 03, 2017, 11:23:12 AM

New ATH at Stamp. That didn't take too long after the correction from $1.14k to $9k.
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December 03, 2017, 11:24:13 AM

what is the current ath? we must be close to another

$11485 on Gdax.  Mentally it feels like we are still someways off that to me.  

This comment has aged poorly. In 10 fucking minutes.
HairyMaclairy
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December 03, 2017, 11:27:54 AM

To me, we are coiling up for another big move upwards. The pressure is building.
Bitstamp now has $140 million on the buy side with only 2100 BTC on the sell side.


10 points to Gryffindor.
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December 03, 2017, 11:32:30 AM

what is the current ath? we must be close to another

$11485 on Gdax.  Mentally it feels like we are still someways off that to me.  

This comment has aged poorly. In 10 fucking minutes.

hilarious!
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December 03, 2017, 11:34:34 AM

what is the current ath? we must be close to another

$11485 on Gdax.  Mentally it feels like we are still someways off that to me.  

This comment has aged poorly. In 10 fucking minutes.

hilarious!
I'm glad I asked lol
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December 03, 2017, 11:35:49 AM

Really? REALLY???

US Senate Bill S.1241 to Criminalize Concealed Ownership of Bitcoin

https://btcmanager.com/us-senate-bill-s-1241-criminalize-concealed-ownership-bitcoin/

HairyMaclairy
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December 03, 2017, 11:36:26 AM

Wtf Bithumb broke US$12k
HairyMaclairy
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December 03, 2017, 11:41:10 AM

Big jump BfX $11,600 ATH.  Big bite up on my screen. 
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December 03, 2017, 11:41:48 AM



Its moving via teleportation now.
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