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

[noobtrader]

if we look at ltc halfing and price increase, btc should be 500 usd by next year... its also fit the cost to mine 1 btc  if difficulty was doubled today.
off course price would be more relevant with demand. so i hope btc demand will be rising next year  

[ChartBuddy]

Coin
Explanation

[aztecminer]

Every day is one day closer to the halving. One day closer to the next ATH. I've started banking my trading profits in BTC instead of dollars. We'll never see $220 again.

please explain.. what is keeping bitcoin from seeing 220 again ?? what is your idea why that is ?? just the halving is the reason why u think that ??

Bitcoin has the attention of the big fish now, guys like Bill Gates who are looking for an entry point. The Greek runup injected some FOMO into them. The VCs and anyone else who wants to stake some real estate in the world provide the support and the poor schmoes in countries with unstable currency regimes will provide the dumb money to push new highs.  Mexico is going to shit again. over 16 pesos to the dollar and that remittance market is potentially huge.

that's holding the price up ?? guys like bill gates might buy some bitcoins ?? why is everyone waiting ?? obviously we are at the lows according to everyone here .. seems like the greeks should be piling in by now but apparently they are still waiting for just after the very last moment...

[aztecminer]

if we look at ltc halfing and price increase, btc should be 500 usd by next year... its also fit the cost to mine 1 btc  if difficulty was doubled today.
off course price would be more relevant with demand. so i hope btc demand will be rising next year  

what we learned from LTC halving is that we will see some poor chaps lose their bitcoin profits on leveraged exchanges when someone loses $80k in a leveraged pump or whatever it is they do when bitcoin gets pumped and then suddenly dumped. at least that is what i learned from LTC halving so far.. i am never going to a leveraged exchange because of that. i feel it is "me against the music" when comes to bitcoins and cryptos.

[billyjoeallen]

if we look at ltc halfing and price increase, btc should be 500 usd by next year... its also fit the cost to mine 1 btc  if difficulty was doubled today.
off course price would be more relevant with demand. so i hope btc demand will be rising next year  

what we learned from LTC halving is that we will see some poor chaps lose their bitcoin profits on leveraged exchanges when someone loses $80k in a leveraged pump or whatever it is they do when bitcoin gets pumped and then suddenly dumped. at least that is what i learned from LTC halving so far.. i am never going to a leveraged exchange because of that. i feel it is "me against the music" when comes to bitcoins and cryptos.

Leveraged exchanges are where we take the money from gamblers.  Luck plays a part, but over time money flows from the dumb to the smart. We want bitcoin in the hands of smart people.

[Fakhoury]

People, I've a question please.

Why I see a lot of talking about dipping to $260/$240 and $220 ?

I guess I'm missing something out !!

Because even the bears realize we'll never go under $200 again.

I agree, but why these kind of talks were initiated at first ?

[billyjoeallen]

Every day is one day closer to the halving. One day closer to the next ATH. I've started banking my trading profits in BTC instead of dollars. We'll never see $220 again.

please explain.. what is keeping bitcoin from seeing 220 again ?? what is your idea why that is ?? just the halving is the reason why u think that ??

Bitcoin has the attention of the big fish now, guys like Bill Gates who are looking for an entry point. The Greek runup injected some FOMO into them. The VCs and anyone else who wants to stake some real estate in the world provide the support and the poor schmoes in countries with unstable currency regimes will provide the dumb money to push new highs.  Mexico is going to shit again. over 16 pesos to the dollar and that remittance market is potentially huge.

Lol, Bill Gates and all his friends are already in, for years.
They only troll you to believe they aren't already.

Well, maybe they have some white cash to put into it to boost their black money profits.

Sure they're in, but these guys have enough cash to really goose the price if they increase their stakes.  Nothing succeeds like success and the Greek pop was a big success. 

[Fakhoury]

Is this right ?

Porn were first real mass adopters of VHS, DVD and Internet technology

[JimboToronto]

Good morning Bitcoinland.

Sideways R us. Still in the $270s leaning toward $280.

Yawn.

[Ezmoneyezlife]

Every day is one day closer to the halving. One day closer to the next ATH. I've started banking my trading profits in BTC instead of dollars. We'll never see $220 again.

please explain.. what is keeping bitcoin from seeing 220 again ?? what is your idea why that is ?? just the halving is the reason why u think that ??

Bitcoin has the attention of the big fish now, guys like Bill Gates who are looking for an entry point. The Greek runup injected some FOMO into them. The VCs and anyone else who wants to stake some real estate in the world provide the support and the poor schmoes in countries with unstable currency regimes will provide the dumb money to push new highs.  Mexico is going to shit again. over 16 pesos to the dollar and that remittance market is potentially huge.

that's holding the price up ?? guys like bill gates might buy some bitcoins ?? why is everyone waiting ?? obviously we are at the lows according to everyone here .. seems like the greeks should be piling in by now but apparently they are still waiting for just after the very last moment...

All that 230$-317$ movement was nothing but hype plus chinese LTC scam scheme and everyone do realize it now, thats why price is barely holding above 270$. Dreaming about "big fishes" is bullshit - if they wanted to buy btc they would've bought it long ago. Greek hype is over, poor greeks are buying food, rich greeks moved their stashes from Greece long ago. "Big fishes" are mostly talking about blockchain technology, not about btc itself. Citibank is developing its own coin as an example. People just dont get that "big fishes" don't need to invest into btc, they would rather create their own crypto with supurb promotion, insurance hype and stuff instead. Why should they throw billions into pumping of btc which belongs to some "early adopters", to make them rich just for lulz?
Blocksize issue still hasn't been resolved which means that btc isnt ready for mass adoption due to weird games of core devs ruining confidence of community. BTC community is just desperate about next bubble but market makers just dont care, so unless blocksize issue is being resolved or some much more significant drama in global economy occurs - there is no way for btc to go to the next ~370$ target imo. Naturally btc's price should correct to 61.8 fib which is around 255$ now and stick there for a while. But its up to market makers.

[amelen]

Is this right ?

Porn were first real mass adopters of VHS, DVD and Internet technology

Mostly true, but worth reading this as well on VHS vs Beta:

http://knowledgenuts.com/2014/03/05/betamax-didnt-lose-to-vhs-because-of-adult-films/

http://skeptics.stackexchange.com/questions/3089/vhs-vs-betamax-how-influential-was-the-pornography-industry-in-the-format-war

[JimboToronto]

Is this right ?

Porn were first real mass adopters of VHS, DVD and Internet technology

Absolutely. I remember just before the turn of the century, long after Netscape, AOL and the internet craze, reading that over 70% of web pages were porn.

Back in the 1980s most people I knew who had VHS/Beta used them for porn.

[aztecminer]

if we look at ltc halfing and price increase, btc should be 500 usd by next year... its also fit the cost to mine 1 btc  if difficulty was doubled today.
off course price would be more relevant with demand. so i hope btc demand will be rising next year  

what we learned from LTC halving is that we will see some poor chaps lose their bitcoin profits on leveraged exchanges when someone loses $80k in a leveraged pump or whatever it is they do when bitcoin gets pumped and then suddenly dumped. at least that is what i learned from LTC halving so far.. i am never going to a leveraged exchange because of that. i feel it is "me against the music" when comes to bitcoins and cryptos.

Leveraged exchanges are where we take the money from gamblers.  Luck plays a part, but over time money flows from the dumb to the smart. We want bitcoin in the hands of smart people.

i believe what you are saying is true.. however, with the LTC halving we notice that EVERYONE on the leveraged exchange lost on that deal.. whoever dumped was the peeps who made the profits.  i'm totally dumb when it comes to cryptos trading which is why i am staying away from leveraged exchanges... i think i will hold on trying to "get lucky" on bitfinex.... lol.

[Fakhoury]

Is this right ?

Porn were first real mass adopters of VHS, DVD and Internet technology

Absolutely. I remember just before the turn of the century, long after Netscape, AOL and the internet craze, reading that over 70% of web pages were porn.

Back in the 1980s most people I knew who had VHS/Beta used them for porn.

Is this right ?

Porn were first real mass adopters of VHS, DVD and Internet technology

Mostly true, but worth reading this as well on VHS vs Beta:

http://knowledgenuts.com/2014/03/05/betamax-didnt-lose-to-vhs-because-of-adult-films/

http://skeptics.stackexchange.com/questions/3089/vhs-vs-betamax-how-influential-was-the-pornography-industry-in-the-format-war

Then can I say that we are taking our first steps in mass adoption with big cams sites starting to accept BTC as a method of payment ?

[aztecminer]

People, I've a question please.

Why I see a lot of talking about dipping to $260/$240 and $220 ?

I guess I'm missing something out !!

Because even the bears realize we'll never go under $200 again.

I agree, but why these kind of talks were initiated at first ?

because bitcoin is being affected by what appears to be anti-gravity ... kinda like how ripple will likely stay languishing down low for the unforeseeable future cuz apparently gravity is holding them down. what do you do in win-win situations ?? you either float by anti-gravity or get held down by gravity .. its the laws of gravity ... where is wily coyote at ?? he knows about gravity ...

[macsga]

Meanwhile in China:

[...] "China Dumps Record $143 Billion In US Treasurys In Three Months Via Belgium", and frankly we have been surprised that this extremely important topic has not gotten broader attention.

Then, to our relief, first JPM noticed. This is what Nikolaos Panigirtzoglou, author of Flows and Liquidity had to say on the topic of China's dramatic reserve liquidation

Looking at China more specifically, it appears that, after adjusting for currency changes, Chinese FX reserves were depleted for a fourth straight quarter by around $50bn in Q2. The cumulative reserve depletion between Q3 2014 and Q2 2015 is $160bn after adjusting for currency changes. At the same time, a current account surplus in Q2 combined with a drawdown in reserves suggests that capital outflows from China continued for the fifth straight quarter. Assuming a current account surplus in Q2 of around $92bn, i.e. $16bn higher than in Q1 due to higher merchandise trade surplus, we estimate that around $142bn of capital left China in Q2, similar to the previous quarter. [...]

Really? I mean REALLY?!?!

http://www.zerohedge.com/news/2015-07-21/chinas-record-dumping-us-treasuries-leaves-goldman-speechless

[BrewCrewFan]

People, I've a question please.

Why I see a lot of talking about dipping to $260/$240 and $220 ?

I guess I'm missing something out !!

I dont think you will see 220 again unless something bad happens like another huge bust, or a exchange takes a shit ( like coinbase or something like that )... or there is serious issues with the program itself.
Besides the block size, I think we are safe. You have to recall many of those large busts with all those coins just happened to be when coins were able to be gotten cheap. I doubt many druggies are walking around with 1500 BTC or anything like that, for it would have been smoked already or up the nose.

[ChartBuddy]

Coin
Explanation

[BrewCrewFan]

if we look at ltc halfing and price increase, btc should be 500 usd by next year... its also fit the cost to mine 1 btc  if difficulty was doubled today.
off course price would be more relevant with demand. so i hope btc demand will be rising next year  

what we learned from LTC halving is that we will see some poor chaps lose their bitcoin profits on leveraged exchanges when someone loses $80k in a leveraged pump or whatever it is they do when bitcoin gets pumped and then suddenly dumped. at least that is what i learned from LTC halving so far.. i am never going to a leveraged exchange because of that. i feel it is "me against the music" when comes to bitcoins and cryptos.

Leveraged exchanges are where we take the money from gamblers.  Luck plays a part, but over time money flows from the dumb to the smart. We want bitcoin in the hands of smart people.

Eh wrong. Your looking at it wrong. Your going to have to have even the dumb people using bitcoin if you want bitcoin to succeed in the long run.

[BrewCrewFan]

Is this right ?

Porn were first real mass adopters of VHS, DVD and Internet technology

Porn drives a lot of technical advancements lol.