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

[JimboToronto]

Good morning Bitcoinland.

I see a small rise up over $240. This is good.

I also see a tiny dip back down toward the $230s again. This is to be expected.

This could go either way.

Coffee please, Mocha-Java, full city roast, one generous handful per cup, 18% cream and pure cane sugar. Mmmm...

[Fatman3001]

Good morning Bitcoinland.

I see a small rise up over $240. This is good.

I also see a tiny dip back down toward the $230s again. This is to be expected.

This could go either way.

Coffee please, Mocha-Java, full city roast, one generous handful per cup, 18% cream and pure cane sugar. Mmmm...

Good Morning Jimbo

[noobtrader]

http://finance.yahoo.com/news/bitcoin-goes-mainstream-174241858.html

Bitcoin goes mainstream with Goldman Sachs' backing

with news like these, who need bull    ?

honestly, if even big bank put their money in bitcoin related business, they know that bitcoin business going big time... yay 

[ChartBuddy]

Coin
Explanation

[JimboToronto]

http://finance.yahoo.com/news/bitcoin-goes-mainstream-174241858.html

Bitcoin goes mainstream with Goldman Sachs' backing

with news like these, who need bull    ?

honestly, if even big bank put their money in bitcoin related business, they know that bitcoin business going big time... yay 

It's nice to see them differentiate between bitcoins and Bitcoin, between the vehicle of speculation and the transfer network.

GS's investment in Bitcoin is a clear endorsement of the value of the network and as the value of Bitcoin increases, the price of bitcoins will surely follow, albeit much more slowly.

Short-term, this news won't make much difference to the price. Long-term it's very bullish.

[efreeti]

So, what is the technical prediction of the price of btc now?

[mrkavasaki]

So, what is the technical prediction of the price of btc now?

https://www.tradingview.com/chart/bitcoin/?sort=trending

[ChartBuddy]

Coin
Explanation

[Fatman3001]

http://finance.yahoo.com/news/bitcoin-goes-mainstream-174241858.html

Bitcoin goes mainstream with Goldman Sachs' backing

with news like these, who need bull   ?

honestly, if even big bank put their money in bitcoin related business, they know that bitcoin business going big time... yay  

It's nice to see them differentiate between bitcoins and Bitcoin, between the vehicle of speculation and the transfer network.

GS's investment in Bitcoin is a clear endorsement of the value of the network and as the value of Bitcoin increases, the price of bitcoins will surely follow, albeit much more slowly.

Short-term, this news won't make much difference to the price. Long-term it's very bullish.

I sort of disagree a bit. I think it will matter in the short term. I think this is a green light for many financial actors. I also think speculators are going to start pricing this event into the price of XBT fairly immediately.

And even though their investment isn't purely a buy in into the bitcoin currency I think this talk about "investing in the network", as if it is completely independent of the currency, is just a way of deflecting criticism. GS are dipping their toes into the currency. The transactions will happen on the Bitcoin network with XBT units. This is BIG. This is not another "the blockchain-technology is fascinating but the currency is shit" kind of statement like we've seen in the past.

Goldman Sachs has boarded the train.

CHOO CHOO MOTHERFUCKERS!!!

[(Lithium)]

So, what is the technical prediction of the price of btc now?

prediction: star travel towards moon

[Fatman3001]

So, what is the technical prediction of the price of btc now?

prediction: star travel towards moon

It can't be made much clearer than this.

[BlindMayorBitcorn]

^This looks like that episode of Scooby Doo where the gang visits Star Trek and gets caught in a wormhole.

Also: no signs of the troll kings. I guess they feel their services aren't as effective when the price isn't tanking. Seeds of doubt are best sewn in despair. I'm starting to get it now.

[d5000]

My sentiment continues to be slightly bullish.

I think the bottom is in now ($215-20 has been touched several times) and optimism is growing in the forum. Psychology is important, so it could go up into the high 2xx's now.

PS: I see, my price prediction of $230 for May 1 was pretty good.

[sAt0sHiFanClub]

http://finance.yahoo.com/news/bitcoin-goes-mainstream-174241858.html

Bitcoin goes mainstream with Goldman Sachs' backing

with news like these, who need bull   ?

honestly, if even big bank put their money in bitcoin related business, they know that bitcoin business going big time... yay  

It's nice to see them differentiate between bitcoins and Bitcoin, between the vehicle of speculation and the transfer network.

GS's investment in Bitcoin is a clear endorsement of the value of the network and as the value of Bitcoin increases, the price of bitcoins will surely follow, albeit much more slowly.

Short-term, this news won't make much difference to the price. Long-term it's very bullish.

I sort of disagree a bit. I think it will matter in the short term. I think this is a green light for many financial actors. I also think speculators are going to start pricing this event into the price of XBT fairly immediately.

And even though their investment isn't purely a buy in into the bitcoin currency I think this talk about "investing in the network", as if it is completely independent of the currency, is just a way of deflecting criticism. GS are dipping their toes into the currency. The transactions will happen on the Bitcoin network with XBT units. This is BIG. This is not another "the blockchain-technology is fascinating but the currency is shit" kind of statement like we've seen in the past.

Goldman Sachs has boarded the train.

CHOO CHOO MOTHERFUCKERS!!!

No, its as the old guy from Canada said. Goldman Whacks have made the distinction between the technology that is bitcoin, and the blowhards who say we are going to the moon.   

[SheHadMANHands]

Bottom in boys and girls?

I must be smokin' hopium, but I'm a bull right now.  

[SheHadMANHands]

~$250, $260, I hit my 100btc goal.  Then lock that in a vault for 5-10 years.   

[SheHadMANHands]

Guess: $250 , then lots of volume, bear trap, up.  What happens around $280/$290 where it could get interesting.

 

"As far as Goldman's goal, well, obviously it would love for its investment in Circle to produce a large monetary gain. However, there is likely a deeper motivation.

The investment was made by Goldman Sachs' Principal Strategic Investments Group, which focuses on investments within the financial technology space. In other words, they invest in companies whose products they could conceivably use in Goldman's own business. So let's look at what Circle does, and why it could be different from the hundreds of other Bitcoin start-ups that have sprung up in recent years."

http://www.fool.com/investing/general/2015/05/03/youll-never-guess-who-is-investing-in-bitcoin.aspx

[Fatman3001]

http://finance.yahoo.com/news/bitcoin-goes-mainstream-174241858.html

Bitcoin goes mainstream with Goldman Sachs' backing

with news like these, who need bull   ?

honestly, if even big bank put their money in bitcoin related business, they know that bitcoin business going big time... yay  

It's nice to see them differentiate between bitcoins and Bitcoin, between the vehicle of speculation and the transfer network.

GS's investment in Bitcoin is a clear endorsement of the value of the network and as the value of Bitcoin increases, the price of bitcoins will surely follow, albeit much more slowly.

Short-term, this news won't make much difference to the price. Long-term it's very bullish.

I sort of disagree a bit. I think it will matter in the short term. I think this is a green light for many financial actors. I also think speculators are going to start pricing this event into the price of XBT fairly immediately.

And even though their investment isn't purely a buy in into the bitcoin currency I think this talk about "investing in the network", as if it is completely independent of the currency, is just a way of deflecting criticism. GS are dipping their toes into the currency. The transactions will happen on the Bitcoin network with XBT units. This is BIG. This is not another "the blockchain-technology is fascinating but the currency is shit" kind of statement like we've seen in the past.

Goldman Sachs has boarded the train.

CHOO CHOO MOTHERFUCKERS!!!

No, its as the old guy from Canada said. Goldman Whacks have made the distinction between the technology that is bitcoin, and the blowhards who say we are going to the moon.   

Would you care to elaborate?

[SheHadMANHands]

Bitcoin is now a bad bet , as a technology , if you assume Goldman Sachs is the sucker.  Seems unlikely

EDIT: Unless it's a hedge.   

[ChartBuddy]

Coin
Explanation