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

[uxgpf]

Blocksize limit is already putting large Bitcoin projects on hold and stifling adoption:
https://www.youtube.com/watch?v=TgjrS-BPWDQ&feature=youtu.be&t=12667

[TReano]

[Mayer Amschel]

So you guys see this crashing again? 

[Fatman3001]

So you guys see this crashing again? 

Don't know what you're talking about.

I'm looking for moon gifs.

[everaja]

Going to Hit 210$ this time..Just Hold on and watch the ditches...
I think it will be a good time to buy a 10x Bitcoins.

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

Going to Hit 210$ this time..Just Hold on and watch the ditches...
I think it will be a good time to buy a 10x Bitcoins.

Not sure if we'll hit 210 but I fully agree that now is a great time to start buying more whilst the price is so low. Technically if you were to buy 10 now at these prices you should double your money as a result of the halving next year.

Buy & HODL people.

[Fatman3001]

Going to Hit 210$ this time..Just Hold on and watch the ditches...
I think it will be a good time to buy a 10x Bitcoins.

Not sure if we'll hit 210 but I fully agree that now is a great time to start buying more whilst the price is so low. Technically if you were to buy 10 now at these prices you should double your money as a result of the halving next year.

Buy & HODL people.

Technically that's a gross oversimplification of the math and processes involved. It will tighten supply, which could send the price up tenfold. Unless it disrupts the mining industry in such a way that it sends BTC plummeting.

[gentlemand]

Technically that's a gross oversimplification of the math and processes involved. It will tighten supply, which could send the price up tenfold. Unless it disrupts the mining industry in such a way that it sends BTC plummeting.

A tightened supply is only a factor if there's increasing demand. Right now there are more than enough existing coins for everyone and mined coins are only a fraction of daily volume. Maybe there'll be a psychosomatic boost but I hope people aren't pinning too much on it.

[TReano]

Going to Hit 210$ this time..Just Hold on and watch the ditches...
I think it will be a good time to buy a 10x Bitcoins.

Not sure if we'll hit 210 but I fully agree that now is a great time to start buying more whilst the price is so low. Technically if you were to buy 10 now at these prices you should double your money as a result of the halving next year.

Buy & HODL people.

lol, yea bitcoin is on sale for almost 2 years now. Cheap better buy now.

....

[Elwar]

Technically that's a gross oversimplification of the math and processes involved. It will tighten supply, which could send the price up tenfold. Unless it disrupts the mining industry in such a way that it sends BTC plummeting.

A tightened supply is only a factor if there's increasing demand. Right now there are more than enough existing coins for everyone and mined coins are only a fraction of daily volume. Maybe there'll be a psychosomatic boost but I hope people aren't pinning too much on it.

Even just keeping current demand will ensure a rise in price when there is a smaller supply.

[Fatman3001]

Technically that's a gross oversimplification of the math and processes involved. It will tighten supply, which could send the price up tenfold. Unless it disrupts the mining industry in such a way that it sends BTC plummeting.

A tightened supply is only a factor if there's increasing demand. Right now there are more than enough existing coins for everyone and mined coins are only a fraction of daily volume. Maybe there'll be a psychosomatic boost but I hope people aren't pinning too much on it.

They are. At least some.

But if we can't get more adoption it won't matter much. And that's hard to do when everyone seems to agree that Bitcoin is broken or should be permanently crippled.

[Fatman3001]

Technically that's a gross oversimplification of the math and processes involved. It will tighten supply, which could send the price up tenfold. Unless it disrupts the mining industry in such a way that it sends BTC plummeting.

A tightened supply is only a factor if there's increasing demand. Right now there are more than enough existing coins for everyone and mined coins are only a fraction of daily volume. Maybe there'll be a psychosomatic boost but I hope people aren't pinning too much on it.

Even just keeping current demand will ensure a rise in price when there is a smaller supply.

But the potential variance in demand is much larger than the assured decrease in supply. And that assured decrease is only to the network itself. We don't know how much miners are selling now and how much they will sell after the halving.

[pleaseexplainagain]

Technically that's a gross oversimplification of the math and processes involved. It will tighten supply, which could send the price up tenfold. Unless it disrupts the mining industry in such a way that it sends BTC plummeting.

A tightened supply is only a factor if there's increasing demand. Right now there are more than enough existing coins for everyone and mined coins are only a fraction of daily volume. Maybe there'll be a psychosomatic boost but I hope people aren't pinning too much on it.

Even just keeping current demand will ensure a rise in price when there is a smaller supply.

since january the price has been in the $200-$300 range and it is changing according to manipulation ie a few players altering the market so I do not think we have "normal' demand as in other sectors that might alter a little to some small change in the rate if of supply (like the halving).
so we will never know ie I expect after the halving for the price to still be in the $200-$300 range if the few players wish for it to be so.
so its not about supply but demand (or rather the lack of it). we need a demand test like the amount of new money that COIN might attract to get a feel where the price might go. If the new comers do not buy in at a $200-$300 level then  it is an indication it is too high to get demand

[ChartBuddy]

Coin
Explanation

[Elwar]

Technically that's a gross oversimplification of the math and processes involved. It will tighten supply, which could send the price up tenfold. Unless it disrupts the mining industry in such a way that it sends BTC plummeting.

A tightened supply is only a factor if there's increasing demand. Right now there are more than enough existing coins for everyone and mined coins are only a fraction of daily volume. Maybe there'll be a psychosomatic boost but I hope people aren't pinning too much on it.

Even just keeping current demand will ensure a rise in price when there is a smaller supply.

But the potential variance in demand is much larger than the assured decrease in supply. And that assured decrease is only to the network itself. We don't know how much miners are selling now and how much they will sell after the halving.

I have repeated assurances by all bears that all miners immediately sell all of their bitcoins for fiat.

[TReano]

Going to Hit 210$ this time..Just Hold on and watch the ditches...
I think it will be a good time to buy a 10x Bitcoins.

https://www.youtube.com/watch?v=Xdg3Ea9rEGo

"cheap cheap!!"

[gentlemand]

I have repeated assurances by all bears that all miners immediately sell all of their bitcoins for fiat.

Don't forget the merchants too despite Bitpay saying most coins are immediately sold OTC to a network of buyers.

Ignore that. Every single merchant transaction is a Little Death.

[Elwar]

I have repeated assurances by all bears that all miners immediately sell all of their bitcoins for fiat.

Don't forget the merchants too despite Bitpay saying most coins are immediately sold OTC to a network of buyers.

Ignore that. Every single merchant transaction is a Little Death.

BitWage is the opposite of that, and continues to grow. $1 million in transactions last month.

[Elwar]

Going to Hit 210$ this time..Just Hold on and watch the ditches...
I think it will be a good time to buy a 10x Bitcoins.

Not sure if we'll hit 210 but I fully agree that now is a great time to start buying more whilst the price is so low. Technically if you were to buy 10 now at these prices you should double your money as a result of the halving next year.

Buy & HODL people.

Technically that's a gross oversimplification of the math and processes involved. It will tighten supply, which could send the price up tenfold. Unless it disrupts the mining industry in such a way that it sends BTC plummeting.

This is where it all starts:

1. Many here think that demand for speculative asserts (e.g. BTC) is no different from demand for physical, consumable assets (e.g. oil, blow, etc., etc.two Latinses in a single parenthetical--smart!).  The two bear but the vaguest family resemblance.

2. Many don't grasp the fundamental difference between saving food (e.g. having full granaries) and saving money (e.g. having a mattress/piggy bank full of it). When money is "spent," it is not, unlike food or oil, destroyed.

Yeah, should be obvious to a child, but yet...

The key is velocity of each coin. If 14 million bitcoins are sitting in peoples' wallets not being used, then those last few bitcoins for trade will be highly sought after. If all bitcoins are in play on a daily basis then they will be easier to obtain and thus a lower price.