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

[JayJuanGee]

Bitcoin has a market cap of 3-4 billion usd atm. When it's 300-400 billion usd everything is going to be controversial. Everything is going to be difficult.
 

It don't have a hope in hell of reaching that level unless the dead wood is cleared out and cast iron solutions are in place. Speculation can only take you so far. Beyond that you gotta prove you can deliver.

Surely we saw that around $15 billion two years ago did NOT hold up for very long; however, it seems with all fo the building in the meantime (the past two years) that $30to$50 billion should be a fairly decent short term and realistic marker... thereafter $150 billion should be the next intermediary marker with $300 to $400 billion coming soon thereafter.


Even though we could reach $300 Billion in some short term rush, it would likely NOT be very sustainable... within the next 5 years - however, beyond 5 years, that kind of $300 billion plus market cap should be fairly easily sustainable and beyond, no?

Here would be something difficult to explain..... Let's say over the next 20 years Bitcoin never fluctuates more than 10% in a given year up or down but grows at a rate of 8% a year.... becoming the most predictable asset you can possibly buy. How would anyone ever explain it, maybe there is something inherently stable about Bitcoin and an asset like this that nobody has ever really contemplated before. Maybe it just took BTC stabilizing around 3 billion to discover this odd inexplicable stability.....

I am NOT sure if I am contradicting myself, but I really don't think so... surely anything is possible, but BTC would have to be quite a bit higher than $3 billion market cap in order to stabilize... I know that in my earlier post, I was kind of arguing against reaching a $300 to $400 billion market cap, but really that kind of market cap would be much more stable in terms of potentially finding some kind of steady growth in a kind of possible 8% territory that you suggest....

Really, your suggestion seems to be somewhat pie in the sky for such a new asset like bitcoin in which we have new adopters, awareness and speculation that cannot really be controlled and these kinds of matters become really difficult to control when the price starts going up, then it gets out of control because people begin to recognize at the same time that there is scarcity... In other words, it seems almost built into the design that it will remain very difficult to harness and contain growth spurts - unless there is going to evolve some kind of counterbalancing mechanism, such as various status quo institutions continuously attempting to manipulate BTC prices downward (and losing money), but causing BTC prices to be contained within some "acceptable" bounds - but even it seems that large institutions are going to likely have difficulties to contain when there remains a large amount of BTC dynamics that are decentralized and beyond individual players (and even governments) to keep under wraps, no?

[dre1982]

400 by end of october 

Lets hope so but I don't see that happen. Maybe a short rally to the 250-260. Just let it raise slow and steady.

[macsga]

400 by end of october 

Lets hope so but I don't see that happen. Maybe a short rally to the 250-260. Just let it raise slow and steady.

If we break 260 it will go ballistic. Major resistance is basically where we're hovering right now.

[ChartBuddy]

Coin
Explanation

[600watt]

paul2000 has got some nice hopium for us:

= moon in november ?!

[Fatman3001]

paul2000 has got some nice hopium for us:

= moon in november ?!

[hdbuck]

400 by end of october 

Lets hope so but I don't see that happen. Maybe a short rally to the 250-260. Just let it raise slow and steady.

If we break 260 it will go ballistic. Major resistance is basically where we're hovering right now.

[dre1982]

400 by end of october 

Lets hope so but I don't see that happen. Maybe a short rally to the 250-260. Just let it raise slow and steady.

If we break 260 it will go ballistic. Major resistance is basically where we're hovering right now.

[ChartBuddy]

Coin
Explanation

[Elwar]

paul2000 has got some nice hopium for us:

Imagine that coil winding up for several more months.

Halving, ETF, OpenBazaar, no more auctions...

plus my announcement


what a site to behold

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
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[spooderman]

what rally?

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

OKCoin's volume looks weirder and weirder: huge "wash trades" that don't move the price, and now zero volume for several minutes in a row.  What is going on?

(Huobi's and BTCChina's, on the other hand, still look relatively "normal"  to me.)

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[Globb0]

Welcome to the chart buddy observer thread

[Fiat_Hodler]

very obvious fake volume bots on bitstamp.

They are becoming dodgy like the Chinese exchanges. I wouldnt trust them at this point.

Get your funds out of there and move to some legit exchanges that dont need to resort to fraud in order to stay relevant.