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

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[dre1982]

There is a lot of resistance at $240. Will take a while before we go through it i guess.  But at least it was the whole time <$230 and now its a little while between the $235 and the $240.

[gotmilk_]

https://news.bitcoin.com/japans-largest-qa-platform-okwave-adds-bitcoin-services/

Now this is what I call a proper bitcoin pr  

[ChartBuddy]

Coin
Explanation

[JimboToronto]

Good morning Bitcoinland.

Still going sideways I see. 2015 is definitely reminding me of 2012.

Haven't been around here much lately. Too busy trying to supplement my old age pension and attending Blue Jays games, although they're on the road this week. Got my post-season seats though. Also, sex&herbs&rock&roll are time consuming.

Seems especially quiet around here. Even the trolls seem to be away or has Theymos figured out a way to stifle them? Or has everyone, trolls included, gone elsewhere? I guess I should check out the new forum.

[suda123]

Good morning Bitcoinland.

Still going sideways I see. 2015 is definitely reminding me of 2012.

Haven't been around here much lately. Too busy trying to supplement my old age pension and attending Blue Jays games, although they're on the road this week. Got my post-season seats though. Also, sex&herbs&rock&roll are time consuming.

Seems especially quiet around here. Even the trolls seem to be away or has Theymos figured out a way to stifle them? Or has everyone, trolls included, gone elsewhere? I guess I should check out the new forum.

Ahh not that there are trolls, the members seem to have a ledger of accounts from one of anonymints friends that have a list of accounts they auto ignore if deemed a troll.

Most of the posts content are retarded faucet accounts just barely touching topic.

[abercrombie]

Still going sideways I see. 2015 is definitely reminding me of 2012.

are we rich yet??  

[ChartBuddy]

Coin
Explanation

[QuestionAuthority]

[wakasaki808]

crypto-markets are just like commodity-markets, moon and doom are just troll-expressions of dreamers

[ChartBuddy]

Coin
Explanation

[JayJuanGee]

Whether fake or NOT, there seems to be quite a bit of volume on an ongoing basis on Stamp....

So I would NOT label the BTC space as dead, exactly.  There seems to be a battle as to whether BTC prices are going to move or merely stay in this same upper $230s range.

Unless you happen to be a fairly large whale that can manipulate BTC's price direction in some kind of substantial manner, we cannot really know which way the price is going to go.

I personally believe that within the next couple of months, the chances are pretty decent that BTC prices are going to going to leave the $225 to $255 price range (and most likely in the upward direction)

As far as the $220 to $290 price range, I think that the odds are pretty good that we will be upwardly leaving that price range within 5-6 months.

Yes, I am partly guessing based on what I see at the moment - but who has a better guess?

[JimboToronto]

Still going sideways I see. 2015 is definitely reminding me of 2012.

are we rich yet??  

Is crypto begun?



 

[JayJuanGee]

Still going sideways I see. 2015 is definitely reminding me of 2012.

Actually, that could signify fairly decent possibilities of two bubbles in the 2016 - 2017 time-frame, no?

Maybe bubble 1 would go 10 to 12x from the mid $200s price arena (that's $2,500 to $3,000), and maybe bubble 2  (after BTC crashes down to $1,500-ish would go 9 to 11x from that mid $1,500s price arena (that's $13,500 to $16,500)?


Call me a bear, or a pessimist, because the above projections do NOT quite make it to Adam's $32k prediction.


What are the odds of something like the above happening?  5% or greater?  It's certainly NOT in the realm of the impossible.

[ChartBuddy]

Coin
Explanation

[adamstgBit]

Still going sideways I see. 2015 is definitely reminding me of 2012.

Actually, that could signify fairly decent possibilities of two bubbles in the 2016 - 2017 time-frame, no?

Maybe bubble 1 would go 10 to 12x from the mid $200s price arena (that's $2,500 to $3,000), and maybe bubble 2  (after BTC crashes down to $1,500-ish would go 9 to 11x from that mid $1,500s price arena (that's $13,500 to $16,500)?


Call me a bear, or a pessimist, because the above projections do NOT quite make it to Adam's $32k prediction.


What are the odds of something like the above happening?  5% or greater?  It's certainly NOT in the realm of the impossible.

i don't think we'll see an exact repeat of the past.

What i see happening is bitcoin becoming increasingly useful and the price rising based on that fact rather than speculation, and then exploding to 32,000 after leaching some of gold's speculative/safe haven value.

so this time next year we'll see a solid rise to ~2,000$ and sustain that value, will take millions bought or sold to move price up or down, we'll see counrty A making a deal with country B using BTC, OIL for BTC or something, then Billions of grams of gold will start buying bitcoin KABOOM 32,000$ maybe 320,000$  

I think the next rise or "bubble" will be like nothing we've seen before because this time it will be different, this time it we wont be speculating bitcoin is the future of money, we'll be pricing that fact in.

we may see a bit of a dip on the second run up as bitcoin mining / full nodes become more institutionalized people will be crying out "bitcoin is being centralized by big corporation! this is the end bla bla bla " but infact this is the natural evolution of the tech, early adopters will not like the idea that bitcoin has grown so big that individual nodes / miners are ran by countries and large institutions, and so they will leave to join dogecoin or some shit that will never grow past the "home users form consensus" model. this will all happen so fast, in 2-3years time, there will be much confusion, its important to remember that bigger is better! and bitcoin isn't "centralized" simply because it requires a large amount of capital ( 3000$ computer + high end internet connection ) to participate in its consensus layer.

the big question is how will have more power, China or US.

[JayJuanGee]

Still going sideways I see. 2015 is definitely reminding me of 2012.

Actually, that could signify fairly decent possibilities of two bubbles in the 2016 - 2017 time-frame, no?

Maybe bubble 1 would go 10 to 12x from the mid $200s price arena (that's $2,500 to $3,000), and maybe bubble 2  (after BTC crashes down to $1,500-ish would go 9 to 11x from that mid $1,500s price arena (that's $13,500 to $16,500)?


Call me a bear, or a pessimist, because the above projections do NOT quite make it to Adam's $32k prediction.


What are the odds of something like the above happening?  5% or greater?  It's certainly NOT in the realm of the impossible.

i don't think we'll see an exact repeat of the past.

What i see happening is bitcoin becoming increasingly useful and the price rising based on that fact rather than speculation, and then exploding to 32,000 after leaching some of gold's speculative/safe haven value.

so this time next year we'll see a solid rise to ~2,000$ and sustain that value, will take millions bought or sold to move price up or down, we'll see counrty A making a deal with country B using BTC, OIL for BTC or something, then Billions of grams of gold will start buying bitcoin KABOOM 32,000$ maybe 320,000$  

I think the next rise or "bubble" will be like nothing we've seen before because this time it will be different, this time it we wont be speculating bitcoin is the future of money, we'll be pricing that fact in.

we may see a bit of a dip on the second run up as bitcoin mining / full nodes become more institutionalized people will be crying out "bitcoin is being centralized by big corporation! this is the end bla bla bla " but infact this is the natural evolution of the tech, early adopters will not like the idea that bitcoin has grown so big that individual nodes / miners are ran by countries and large institutions, and so they will leave to join dogecoin or some shit that will never grow past the "home users form consensus" model. this will all happen so fast, in 2-3years time, there will be much confusion, its important to remember that bigger is better! and bitcoin isn't "centralized" simply because it requires a large amount of capital ( 3000$ computer + high end internet connection ) to participate in its consensus layer

To me it seems that we may be differing over semantics, because it seems that you and I are saying a lot of the same thing based on two bubbles... (even though maybe within differing timelines).  

When I read your description of a world without speculators, I am thinking that NO matter what, we are NOT going to be able to cannot get rid of speculators, even if we were to agree to call the dynamic something else that the fundamentals become more profound and convincing for the public at large.

To me, you seem to be suggesting that the rise in BTC prices to be much more likely than I am making such a rise out to be, and you are giving a greater upwardly explosive impact to the occurrence.

I am in agreement that your projection seems to be quite fairly within the realm of possibilities but I would give your scenario a little less likelihood of occurring than some variation of my scenario.. merely because my numbers are a bit smaller than your that would account for some of the various resistances and/or obstacles that may be known or NOT known at the present and are likely to occur along the way to becoming gentlemen, sir.

[nioc]

Still going sideways I see. 2015 is definitely reminding me of 2012.

Actually, that could signify fairly decent possibilities of two bubbles in the 2016 - 2017 time-frame, no?

Maybe bubble 1 would go 10 to 12x from the mid $200s price arena (that's $2,500 to $3,000), and maybe bubble 2  (after BTC crashes down to $1,500-ish would go 9 to 11x from that mid $1,500s price arena (that's $13,500 to $16,500)?


Call me a bear, or a pessimist, because the above projections do NOT quite make it to Adam's $32k prediction.


What are the odds of something like the above happening?  5% or greater?  It's certainly NOT in the realm of the impossible.

i don't think we'll see an exact repeat of the past.

What i see happening is bitcoin becoming increasingly useful and the price rising based on that fact rather than speculation, and then exploding to 32,000 after leaching some of gold's speculative/safe haven value.

so this time next year we'll see a solid rise to ~2,000$ and sustain that value, will take millions bought or sold to move price up or down, we'll see counrty A making a deal with country B using BTC, OIL for BTC or something, then Billions of grams of gold will start buying bitcoin KABOOM 32,000$ maybe 320,000$  

I think the next rise or "bubble" will be like nothing we've seen before because this time it will be different, this time it we wont be speculating bitcoin is the future of money, we'll be pricing that fact in.

we may see a bit of a dip on the second run up as bitcoin mining / full nodes become more institutionalized people will be crying out "bitcoin is being centralized by big corporation! this is the end bla bla bla " but infact this is the natural evolution of the tech, early adopters will not like the idea that bitcoin has grown so big that individual nodes / miners are ran by countries and large institutions, and so they will leave to join dogecoin or some shit that will never grow past the "home users form consensus" model. this will all happen so fast, in 2-3years time, there will be much confusion, its important to remember that bigger is better! and bitcoin isn't "centralized" simply because it requires a large amount of capital ( 3000$ computer + high end internet connection ) to participate in its consensus layer.

the big question is how will have more power, China or US.

Have you seen gold?  It is shiny and beautiful!

Have you seen btc?  ________________

[adamstgBit]

Still going sideways I see. 2015 is definitely reminding me of 2012.

Actually, that could signify fairly decent possibilities of two bubbles in the 2016 - 2017 time-frame, no?

Maybe bubble 1 would go 10 to 12x from the mid $200s price arena (that's $2,500 to $3,000), and maybe bubble 2  (after BTC crashes down to $1,500-ish would go 9 to 11x from that mid $1,500s price arena (that's $13,500 to $16,500)?


Call me a bear, or a pessimist, because the above projections do NOT quite make it to Adam's $32k prediction.


What are the odds of something like the above happening?  5% or greater?  It's certainly NOT in the realm of the impossible.

i don't think we'll see an exact repeat of the past.

What i see happening is bitcoin becoming increasingly useful and the price rising based on that fact rather than speculation, and then exploding to 32,000 after leaching some of gold's speculative/safe haven value.

so this time next year we'll see a solid rise to ~2,000$ and sustain that value, will take millions bought or sold to move price up or down, we'll see counrty A making a deal with country B using BTC, OIL for BTC or something, then Billions of grams of gold will start buying bitcoin KABOOM 32,000$ maybe 320,000$  

I think the next rise or "bubble" will be like nothing we've seen before because this time it will be different, this time it we wont be speculating bitcoin is the future of money, we'll be pricing that fact in.

we may see a bit of a dip on the second run up as bitcoin mining / full nodes become more institutionalized people will be crying out "bitcoin is being centralized by big corporation! this is the end bla bla bla " but infact this is the natural evolution of the tech, early adopters will not like the idea that bitcoin has grown so big that individual nodes / miners are ran by countries and large institutions, and so they will leave to join dogecoin or some shit that will never grow past the "home users form consensus" model. this will all happen so fast, in 2-3years time, there will be much confusion, its important to remember that bigger is better! and bitcoin isn't "centralized" simply because it requires a large amount of capital ( 3000$ computer + high end internet connection ) to participate in its consensus layer

To me it seems that we may be differing over semantics, because it seems that you and I are saying a lot of the same thing based on two bubbles... (even though maybe within differing timelines).  

When I read your description of a world without speculators, I am thinking that NO matter what, we are NOT going to be able to cannot get rid of speculators, even if we were to agree to call the dynamic something else that the fundamentals become more profound and convincing for the public at large.

To me, you seem to be suggesting that the rise in BTC prices to be much more likely than I am making such a rise out to be, and you are giving a greater upwardly explosive impact to the occurrence.

I am in agreement that your projection seems to be quite fairly within the realm of possibilities but I would give your scenario a little less likelihood of occurring than some variation of my scenario.. merely because my numbers are a bit smaller than your that would account for some of the various resistances and/or obstacles that may be known or NOT known at the present and are likely to occur along the way to becoming gentlemen, sir.

right the sanario i describe is very optimistic.  It implies that bitcoin's scalability will be fixed, and bitcoin will start being used as currency + store of value, by the largest players on earth in 2 years time. I believe the end game is universally accepted digital money used world wide without any expectations, i believe the world's economic health will be measured in how many satoshis a big mac cost. i blieve we'll get there really fast, as the need for such a solution will increase exponentially as economies fail one by one.