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

[flynn]

The poll seems too wide-range now, less than a week away.

Let's play a quick game (no prizes just fun) - name your prediction for 31/12/2017 at 23:59:59 GMT on Bitstamp.

I say $17111.

$1673

$1340

I picked 12k-14k on the poll when it was posted, so to keep within that theme, $13603. 

Fark I missed a zero.  $13,400

$18017

One must go against this general bearish sentiment ...

[HairyMaclairy]

From my perspective it’s not a bearish sentiment, it’s a recognition that there’s limited new liquidity on the exchanges due to the public holidays and difficulty transferring fiat up to 31 January.  We also have to deal with the 2X fork on the 28th.

If the poll date was 15 January I would’ve given quite a different answer.

[BlindMayorBitcorn]

From my perspective it’s not a bearish sentiment, it’s a recognition that there’s limited new liquidity on the exchanges due to the public holidays and difficulty transferring fiat up to 31 January.  

If the poll date was 15 January I would’ve given quite a different answer.

Pft. You are a huge bear. Admit it.

Meanwhile, this spread is still getting to me. Even at a couple hundred bucks it seems someone could make a million dollars a day just buying on Finex and selling on Stamp. I know I'm missing something.

Edit: now the spread is gone. Ok then.

[bitserve]

From my perspective it’s not a bearish sentiment, it’s a recognition that there’s limited new liquidity on the exchanges due to the public holidays and difficulty transferring fiat up to 31 January.  

If the poll date was 15 January I would’ve given quite a different answer.

Pft. You are a huge bear. Admit it.

Meanwhile, this spread is still getting to me. Even at a couple hundred bucks it seems someone could make a million dollars a day just buying on Finex and selling on Stamp. I know I'm missing something.

There is only a $100 spread at this moment. That is much less than 1%. Not worth the risk I would say.

[Icygreen]

$17,552 because it would close out shorts at 14,500. 

[LewisPirenne]

Uhm, people don't even need to speculate on how much other hodlers hodl.  A certain someone already openly stated that Trendon Shavers alone cost him 1.6K BTC, and that's after deducting "interest" received.  So the principle amount is even higher.  No need to read up past posts either.  People can also make educated guess simply based on the year that they started accumulating BTC, assuming that they hadn't lost it through the million ways that you can lose your BTC.  

[HairyMaclairy]

Pft. You are a huge bear. Admit it.

upload image websites

[AlcoHoDL]

After colour coins and country coins, the new trend in 2018 will be bitcoin fork coins

B2X is a well balanced fork, 2.5 min block, segwit and 4 mb blocks....not sure about the change of algo tho.

Yeah, with 2.5-minute 4 MB blocks, its blockchain is going to grow at 8-16 times the growth rate of Bitcoin's (assuming full blocks)... It's going to be fun to watch those hard drives getting full with all those coffee TXs...

[bitcoinPsycho]

the positivity chart just went crazy, let the push for $20000 commence

[AlcoHoDL]

the positivity chart just went crazy, let the push for $20000 commence

I like. 

[Wekkel]

the positivity chart just went crazy, let the push for $20000 commence

Already on its way. Please share the chart.

[bitcoinPsycho]

the positivity chart just went crazy, let the push for $20000 commence

Already on its way. Please share the chart.

it's in my brain linked directly to how I feel

[JayJuanGee]

Ok.  Sure we can speculate about how many BTC that folks have here, and no one needs to admit anything...  and therefore, I am going to suggest to you, bitserve, that you are way off in your estimations of jbreher.  His behavior is not consistent with someone who owns 5 digits or even 4 digits for that matter.  You even indicated that there is a bit of irony in his "going the wrong way" with Bcash bullshit - and furthermore, if you consider his methodology in trading, that would certainly not be consistent with folks having either 5 digits or even 4 digits of BTC.

Regarding the point about anyone can do what they like with their BTC, I surely do agree; however, I stick with my point that giveing away so much value and lack of consistency to be "crazy ass" unless he lives in some kind of commune type of culture, and in that regard, it would be a kind of thing that everyone in that community does... yet I really doubt that is the case with jbreher.  Instead, I think that he is inconsistently giving away such BTC in an inconsistent manner because there is some kind of screw loose in the whole logic, and really it is kind of unbelievable that a rational person would do this - even though I am a bit inclined to believe that he is not making it up, for some strange reason, I believe that he really is doing this irrational and outrageous thing that he claims to be doing.    

I said 4 digits as a big probability and MAYBE even (low) 5's... as in I would not be surprised at all if it were as much as 5, but my bet is on (a well in) 4. Again, this is just pure speculation and let's just take into account it doesn't represent in any way what anyone does or doesn't actually holds, which is really none of my business.

Regarding his trading style, with small spreads, I think it is in fact consistent with a well funded trader. When each of those trades is a good amount you don't really need a lot of spread to make significant profits plus you can split the funds into much more and smaller orders than if you are using bigger spreads -that could turn into little "walls" and influence the market behaviour with smaller fishes trying to "frontrun" your orders-.

I think jbreher is a very logical and rationale person for the most part. It it is just the "going full bigblocktard" stuff which makes me question and try to understand his rationale on that decision. I think maybe, just maybe, there is something to learn there... If I wanted to live in a echo chamber I would just talk to myself and ignore everyone else that (even slightly) disagrees with my opinions.

I can't neither consider his "XMAS giving" as irrational. For sure there is some obvious inconsistency in the fiat value of that one BTC from past years but first and foremost it is just his fucking business

I could even speculate and come up with a plausible explanation for the rationale behind it but... again... let's just mind our own business?

O.k.  I will agree that this dead horse has been quite beaten, but I cannot promise that I won't return to some similar theme in the future, based on what either Jbreher says or based on what some other poster might say regarding either his personal holdings and/or bitcoin spending/gifting choices.

[bitserve]

Uhm, people don't even need to speculate on how much other hodlers hodl.  A certain someone already openly stated that Trendon Shavers alone cost him 1.6K BTC, and that's after deducting "interest" received.  So the principle amount is even higher.  No need to read up past posts either.  People can also make educated guess simply based on the year that they started accumulating BTC, assuming that they hadn't lost it through the million ways that you can lose your BTC.  

Yup. It is pretty easy to come up with a ballpark figure with a high probability of being correct. But also there are many additional factors that could make that guess completely wrong such as extraordinary loses, sodls and also people giving out inaccurate/false information about their hodlings. So, in the end, it is just pure speculation.

I, for one, have said in the past that I am into double digits BTC... but that could have changed or even be a completely false statement from the beginning.... which might even be a good opsec for some big hodlers btw.

[goggles]

Looks like Beecash has flatlined on the 7 day chart. RIP 

[True Myth]

the positivity chart just went crazy, let the push for $20000 commence

Already on its way. Please share the chart.

it's in my brain linked directly to how I feel

But... then what is the optimism chart linked to?  

[Deeyoh]

Just browsing old 6hr charts.  From Aug 2, 2016 to Sept 26, 2016 looks very close to what we have now.  Just going by how many billions can be taken and put back in the market within the day is astonishing to me though.

As far as Bcash, thanks for all the Christmas money

[bitcoinPsycho]

the positivity chart just went crazy, let the push for $20000 commence

Already on its way. Please share the chart.

it's in my brain linked directly to how I feel

But... then what is the optimism chart linked to?  

the inevitability chart of course

[d_eddie]

Going up nicely. Small bulltrap or real lift?

[fabiorem]

Going up nicely. Small bulltrap or real lift?

Real lift.