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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26966889 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
Nas
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August 02, 2015, 04:36:38 PM

The more I read this thread, the more I want to sell everything I own and just buy Bitcoin.

That would be the best investment for long term.
gentlemand
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August 02, 2015, 04:39:55 PM


That would be the best investment for long term.


Long term ruination? It's a long old road away from being in the bag yet.
BlackSpidy
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August 02, 2015, 04:41:22 PM

The more I read this thread, the more I want to sell everything I own and just buy Bitcoin.

That would be the best investment for long term.

Short term, it would fuck up your finances severely. But long term... nobody knows. I would guess you would do great. But I've been very, very wrong before.
Hyperjack
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August 02, 2015, 05:01:34 PM

No doubt the bears will be out in full force soon...they tried hard for the last few days but leverage short is a big mistake at this point imo !
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August 02, 2015, 05:02:23 PM

Coin
Explanation
inca
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August 02, 2015, 05:38:27 PM

No doubt the bears will be out in full force soon...they tried hard for the last few days but leverage short is a big mistake at this point imo !

Shorts on bitfinex at 9600. No one shorting the rallies anymore.

If we hold this technical level the next three months could be exciting.

EDIT: and the walls are gone, toehold back on 280 again..
billyjoeallen
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August 02, 2015, 05:43:15 PM

somebody's putting in a bunch of asks far enough from spot that they won"t get triggered. Then buying at spot, moving the asks higher rinse and repeat. an assload of coins are being bought from the defenders of the support line taking profits too early.
Nas
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August 02, 2015, 05:46:24 PM

It won't be surprising if it goes to 290$ this week.
redsn0w
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August 02, 2015, 05:50:14 PM

It won't be surprising if it goes to 290$ this week.

* It won't be surprising if it goes to 1'000 dollars by the end of 2017.
ChartBuddy
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August 02, 2015, 06:02:19 PM

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ejinte
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August 02, 2015, 06:23:15 PM

Whatever happens, I won't be surprised.
BlackSpidy
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August 02, 2015, 06:34:55 PM

I just really hope I manage to get some BTC below $300. So, guys, prepare to go past $320. God knows whenever I want cheap coins, the price goes up  Undecided
natewelt
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August 02, 2015, 07:00:53 PM

Broke 281


Breaking 282-283 would lead to a quick rush to 285 in my opinion.


Let's watch and see...
ChartBuddy
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August 02, 2015, 07:02:23 PM

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BitcoinNewbie15
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Bitcoin isn't a bubble. It's the pin!


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August 02, 2015, 07:09:08 PM

Bitcoin has been really volatile again these past few days. Last time I checked the price it was at $290 and it has been bouncing around $276 - $290 a lot lately. I wonder if it will have a leg up or down soon.
Jdj1727
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August 02, 2015, 07:14:30 PM

A lot of votes for BTC over $700 in August...interesting.
coinableS
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August 02, 2015, 07:47:32 PM

Bitcoin has been really volatile again these past few days. Last time I checked the price it was at $290 and it has been bouncing around $276 - $290 a lot lately. I wonder if it will have a leg up or down soon.

A leg up.  That bounce down was the price re-coiling before it jumps back up over $300. It just has to back up a bit so that it can get a running start.  Cool
EsBitcoin.org
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August 02, 2015, 07:49:37 PM

No doubt the bears will be out in full force soon...they tried hard for the last few days but leverage short is a big mistake at this point imo !

Shorts on bitfinex at 9600. No one shorting the rallies anymore.

If we hold this technical level the next three months could be exciting.

EDIT: and the walls are gone, toehold back on 280 again..

With this volume shorting is dangerous...
tommorisonwebdesign
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August 02, 2015, 07:54:08 PM

No doubt the bears will be out in full force soon...they tried hard for the last few days but leverage short is a big mistake at this point imo !

Shorts on bitfinex at 9600. No one shorting the rallies anymore.

If we hold this technical level the next three months could be exciting.

EDIT: and the walls are gone, toehold back on 280 again..

With this volume shorting is dangerous...

Hopefully there is less trading volume so let's hope the price will not drop by that much.
jbreher
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lose: unfind ... loose: untight


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August 02, 2015, 07:55:29 PM

At least for me it seems the world is not really ready/interested in Bitcoin but much rather they are interested in the Blockchain behind it.

It seems this way because news outlets are reporting the proclamations of bankers, as if having more authority than the opinions of a band of ragtag technologists and libertarian amateur economists. Bankers, for their part, are interested in blockchain technology and not Bitcoin itself, as they want the cheapness of decentralized ledgers while maintaining insulative control that allows them to create money at will.

Quote
But in the current form of Bitcoin as a currency is not the valuable thing... The Blockchain is the valuable thing.

Yes. The Blockchain (I note you accorded it proper noun status) -- the specific blockchain attached to Bitcoin -- is the valuable thing. Banks have a major challenge ahead of them trying to create a separate blockchain under their control, that is secure against 'incursions', when Bitcoin's Blockchain is already secured with the largest collection of computing power that humanity has ever amassed against a single problem.
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