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

[ChartBuddy]

Explanation

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[aminorex]

Having a password pair which decrypts your encrypted private key file unencrypted keys which reference two different wallets would be nice, but seems to require a substantially different wallet address scheme than bitcoin currently uses.

[pietje]

So any bears left? Or did they already started to panic buy?
Almost at 31st and huobi decided to start a rally

[windjc]

But in the next 24-36 months, bitcoin is somewhere between 10k-50k. It simply has to be. The scale at which the entities getting involved now operate scale wise, bitcoin will be forced there. And 17 year olds that mined this useless Internet money will have their minds blown.

Ah, the forced $50,000 per Bitcoin in 2017.  Let's see what this means. 

If miners decide to sell all their mined Bitcoins, (or 50%), this is how much daily fresh money is needed on the exchanges for the price to be stable:

2014-2016 :   $180 million ($90 million daily if 50% sold)
2017-2020:   $90 million ($45 million daily)                          <--- look here
2021-2024:   $45 million ($22 million daily)
etc.

Don't forget that they have to sell to cover their electricity costs. So, if Bitcoin is $50,000 in 2017, good luck in finding that daily fifty million dollars.

Very small potatoes.

[empowering]

So any bears left? Or did they already started to panic buy?
Almost at 31st and huobi decided to start a rally

Bears are normally to be found in the woods with their pants around their ankles ; )


So I heard anyway

 

[600watt]

So any bears left? Or did they already started to panic buy?
Almost at 31st and huobi decided to start a rally

it is the 31st in china NOW

edit: http://www.worldtimezone.com/

[windjc]

Ye except poker is a job for a decent chunk of people playing on these sites. I myself have friends who were forced to move outside of US just to continue playing.

Yeah, I didn't want to be rude to these guys; entertainment and online games are jobs like any others.

I just wanted to emphasise the fact that there is a big creation of wealth with bitcoin that other activities don't provide.

plus i wouldnt want to mess with all the silicon valley VCs which are investing more and more money into Bitcoin landscape. Poker sites are just irrelevant. Its a game, not a technology.

A multi billion dollar game, I think you are vastly underestimating the money that was in poker. With more interest than btc, a game senators play, a game americans play as children around the kitchen table....and still they banned it. It didn't matter that they could have made a killing taxing it. They saw danger for the US public, associations with crime - and they closed it down.

What do you think would happen if just one trusted entity (amazon, google, UK financial sector) introduced their own coin with none of the connotations with crime, better security and able to be fully compliant with current money laundering regs?

Anyway I'll stop now, I just wanted to discuss it, not talk myself out of it

In 2002 I owned and operated an online poker company in Costa Rica so I know more than a little about the poker/bitcoin analogy.

Poker is gambling. Bitcoin is not.

Again, all this talk about the US banning bitcoin is tin foil hat. It will not happen.

If you can't see the obvious differences between poker and bitcoin, you don't deserve to become wealthy with bitcoin in my opinion.

[billyjoeallen]

So any bears left? Or did they already started to panic buy?
Almost at 31st and huobi decided to start a rally

looking like an endangered species. Nice little spike. let's see if it's got wings.

[JorgeStolfi]

nice spike huobi

An interesting experiment, it shows that Huobi's market restores its equilibrium in ~10 minutes after a large out-of-ordinary disturbance.

But there may be also some delayed effect, the event apparently stirred the traders' anthill...

Other markets had similar spikes, but much smaller (~50-100 BTC instead of >500 BTC), more gradual, and slower-rising.  No echo at BTC-China..

[P_Shep]

PANIC BUY!!!!1

[Richy_T]

Having a password pair which decrypts your encrypted private key file unencrypted keys which reference two different wallets would be nice, but seems to require a substantially different wallet address scheme than bitcoin currently uses.

Not sure I understand what you mean here?

[F-bernanke]

Nice prudent buy on stamp, 868 coin

[TERA]

Checklist for unexpected reversal and drop:

1. Spikes on huobi.

2. Appearance of breakout.

3. Exuberant bullish postings.

4. Positive news events.

5. Attributions of price movements to news events.

6. Insults against bears.

7. Trains.

8. Moons.

9. Rockets.

10. CCMF.

Whoops looks like there's some left.

[pietje]

And there goes bitstamp.
The panic has begon.

[granathus]

And there goes bitstamp.
The panic has begon.

Indeed.

This is probably the beginning of lots of panic buying, can't see this turning sour now, we are at january 31. in China, and now with the BTCChina news... I'm glad I am all in BTC.

[granathus]

Indeed.

This is probably the beginning of lots of panic buying, can't see this turning sour now, we are at january 31. in China, and now with the BTCChina news... I'm glad I am all in BTC.

lmao.. the PBOC will respond on business days, currently it's a holiday. Just wait and see.

Oh, I'll be waiting and seeing, don't you worry. 

[pietje]

12 hour MACD of bitstamp just turned positive.
Everything less then 12 hour already was positive.

[oda.krell]

Looks like masterluc bought back in

[adamstgBit]

looks like we're moving up!  

[TERA]

30m chart bug lol