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

[Andre#]

All this selling and it's only $7 down? That's bullish!

[NotHatinJustTrollin]

All this selling and it's only $7 down? That's bullish!

Boston Fed Researchers and The Bank of England just said bitcoin and other cryptocurrencies are "flawed" and "unlikely to succeed".


Bullish!

[Vita2]

All this selling and it's only $7 down? That's bullish!

Boston Fed Researchers and The Bank of England said bitcoin is "flawed" and "unlikely to succeed".


Bullish!

Fed Researchers and BOE can suck my dick.
This shit is only going up.

[Meuh6879]

When you have enough weight ... stability is like that.

[chriswen]

Wow, 8000 coins dumped in 30 minutes.
There are some real kamikaze bears trying to get their shorts covered lower.

Lol, they'll fail.

Love it when you see so much denial among the bears.

you are just wrong. these were not new shorts. This drop was initiated by bulls...

On BFX both the shorts and longs didn't change much, so I'd say it was initiated like the pump, based on some market indicators.

we very much agree here. But a bear would not have had coins to dump as they are either short or flat...

What about whales with so many coins they can't dump without crashing the price to single digits (there are a lot of them, not just satoshi)?
What about megaminers full of daily/weekly mined coins?
What about traders that bought throughout last month and are now in profit and seeing that this thing is not going much higher at this point?

What about anyone that currently holds bitcoin for a total of around $3 billion?


So many coins to dump, so little fiat on exchanges to get dumped on...

There's OTC markets out there if you want to sell big amounts.

[shmadz]

Price is only $15 higher than it was at this time last week.

At that rate it will take more than 4 months to reach 500...

Sounds about right  

[wpalczynski]

Apparently he doesnt troll on weekends.  Just 9-5 during weekdays, professional troll.

is it not possible that cunt has finally had one of his socks banned??

[wpalczynski]

Or maybe, he backed up the truck and now will become a Shill.

is it not possible that cunt has finally had one of his socks banned??

When one sleeps, they all sleep. Be careful, though: lambchop is like Candyman. Call his name too many times, and he shows up.

[wpalczynski]

CCMF

March will be > $1000.

[empowering]

Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$.   The latter think that the chances of it being worth more than 1300$ anytime in the next few years are much less than 20%.

I don't know where you get the stat but I feel sorry for them.

It is not a survey, just math.  If anyone with money to invest thought that the chances of BTC hitting 1300$ in the next 2 years were higher than 20%, they should buy it even for 300$.  But they aren't, so...

Why not 19% or 21%?

Just rounded the number.  To get a more accurate value one should consider also the chances of it reaching 1200 but not 1300, 1100 but not 1200, 1000 but not 1100, etc.  Then one would get much less than 20% for "will get above 1300".

The 20% number is the upper bound, assuming that those buyers consider only two possibilities: "will get higher than 1300$ sometime in the next 2 years" or "crashes to 0$ right after I buy it, and stays there forever".  Then p*1300 + (1-p)*0 < 255, which gives p < 255/1300.  If they are considering other cases besides those two (which of course they are), then p must be even less than that.

Anyway, note that it is what "the market" must be thinking, not what I think.

Terrible backwards logic.

[inca]

morning gents!  i must ask the age old question...

is crypto done??  

Yep time for you to go on ignore.

[wpalczynski]

Its never going to happen over night but Im with you, we are going up.

March will be > $1000.

any particular reason why bitcoin will shoot that high again?

It is already that high. It has been "shooting" low for a long time. It will go back to it's real price in March. There will be a correction back to $1000 once the manipulators are no longer able to force the price lower.

i would love to see the $1000 again, but with no reason i don't think so i'll rise again unless there's a pump lol

Lol, you guys are seriously talking like bulls and bears themselves and fighting to win the fight going on in the markets...

There are only a measly 30k-40k coins right now on the open market worth only $10 million at the current price. There are so many scenarios where entirely more than $10 million enters the market overnight. What happens to all the poor fools who wake up in the morning with their sell orders filled at $275 or even $500 and the current price at $1500?

[BlindMayorBitcorn]

Or maybe, he backed up the truck and now will become a Shill.

is it not possible that cunt has finally had one of his socks banned??

When one sleeps, they all sleep. Be careful, though: lambchop is like Candyman. Call his name too many times, and he shows up.

[inca]

Btw that dump is hilarious. Nice way to try to smash finex bid side orderbook lol.

Also love the complete lack of any follow-through selling whatsoever.

[wpalczynski]

Look at whats happening in Venezuela.

We need to be shooting for 100% of m2 then. Fuck those other currencies.

no need to rush, we will get there... greece problem already show that bitcoin could be useful and even they seriously considering crypto atm.

[Sitarow]

Trying to call the tops and bottoms at this time may be foolishness.

When the trend moves up the nickle and dimes people risk today will look as foolish as when BTC was at sub $30.

[wpalczynski]

Now that is not true.  What percent of the worlds population has even heard about bitcoin let alone knows how to buy them?

on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$.  The latter think that the changes of it being worth more than 1300$ anytime in the next few years are much less than 20%.

[wpalczynski]

I find it very strange that the trolls are not around.  They couldnt be all on vacation at the same time.

...and now back to your regularly scheduled program of lambchop (and his many many alts), nothatinjustrollin, yourmother, and the rest of the daily trolls.

[wpalczynski]

Or were just not exposed to bitcoin yet.

1. I am not advocating buying at the top of the rally, I am advocating buying right now. When it goes past $500, you are probably too late.
2. $10 million is nothing to hedge funds, retirement funds, etc. There will be be buying pressure right after the auction and long after.
3. People are going to be sick that they missed out on buying bitcoin at these prices. My advice is to buy what you can afford or forever regret. You are lucky to even know what it is at this point.

Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$.   The latter think that the changes of it being worth more than 1300$ anytime in the next few years are much less than 20%.

You're forgetting the large group of people who do not think about Bitcoin price at all.

Like the folks on r/bitcoin who scream "to the moon" during pumps but argue that "price doesn't matter" during dumps?

No, the people that are just not interested enough to care about Bitcoin at this point.

[JorgeStolfi]

Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$.

You really are not much of an economist, are you ?

No appreciation of logic either. Not  everyone with spare cash has heard of bitcoin yet.

How could they think that 1 BTC is worth 255$, if they haven't even heard of it?