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

[yolalanda]

Did the elephant know the deadly halving was coming?

*gasp* Supply might be a relevant factor for price discovery? Who would have thought?

Bitcoin supply is constantly increasing, it is the total number of coins issued to date.
Every ~10 mins 25 more coins are added to the supply.
So now you know https://en.wikipedia.org/wiki/The_Rest_of_the_Story

[mexxer-2]

BTC at its low and going down, $267.3 . Is it time for the next dump yet?

[dre1982]

BTC at its low and going down, $267.3 . Is it time for the next dump yet?

just a little correction. Will go up upcoming weeks.

[r0ach]

Halving will take it to $400.  The increased media attention might create another bubble to go much higher.

The media cottons on when all time highs are being smashed, not when there's a rise that was easily creamed over two years ago. It might pop up here and there but I doubt it'll get many mouths watering in the same way.

It doesn't matter at all about highs.  Media everywhere will report "Bitcoin 50% up" and everyone will be like, "OMG Bitcoin not dead and going up, time to sell house for Bitcoin."

Then it's time to.....

LOAD THE SPACESHIPS WITH THE ROCKET FUEL

http://www.youtube.com/watch?v=cF4ZTcuhixc

[yolalanda]

...
You're starting to sound like a broken record. Hope you'll eventually realize this, and will go back to writing more interesting, bit more varied posts. But, of course, do as you please.

"Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you." --brainyquote.com

Smart advice, brainyquote, but so easy to slip...

[ChartBuddy]

Coin

Explanation

[natewelt]

Did the elephant know the deadly halving was coming?

*gasp* Supply might be a relevant factor for price discovery? Who would have thought?

https://scholar.google.com/scholar?as_q=supply+demand&as_epq=&as_oq=&as_eq=&as_occt=title&as_sauthors=&as_publication=The+Quarterly+Journal+of+Economics

https://scholar.google.com/scholar?as_q=supply+demand&as_epq=&as_oq=&as_eq=&as_occt=title&as_sauthors=&as_publication=The+American+Economic+Review

According to most posters on here...manipulation is the only way to move the BTC price. No such thing as supply and demand.

This is why they lose money. I will not join their dark side and I hope you won't either.

[mexxer-2]

BTC at its low and going down, $267.3 . Is it time for the next dump yet?

just a little correction. Will go up upcoming weeks.

Tell that to the price that is keeping on going down, even as I speak. At 265 right now, I think it is safe to say that it is time for the pump to be over folks.

[ImI]

BTC at its low and going down, $267.3 . Is it time for the next dump yet?

just a little correction. Will go up upcoming weeks.

Tell that to the price that is keeping on going down, even as I speak. At 265 right now, I think it is safe to say that it is time for the pump to be over folks.

[natewelt]

BTC at its low and going down, $267.3 . Is it time for the next dump yet?

just a little correction. Will go up upcoming weeks.

Tell that to the price that is keeping on going down, even as I speak. At 265 right now, I think it is safe to say that it is time for the pump to be over folks.

It's not safe to say. I don't know what charts you are looking at, but we are very much so in a bullish trend still. Buy/Sell/Trade off of what you see as well as the fundamentals and not off what you wish to happen based on whether you are long/short.

[mexxer-2]

Kraken with mini crash down to 225€. Short closed and long filled in a second  

Bitfinex seems to be the only one at the highest price per btc of 265, BTC-E is down to 260 and bitstamp at 262.5
Edit: 261.7 at bitstamp nowand BTC-E is down to 259.

[LFC_Bitcoin]

Hold off on the mass suicide gentlemen, this is just a correction which is natural after a fairly substantial price rise. I'll be surprised if we go below 250 in the next few days.

[!! pop]

Did the elephant know the deadly halving was coming?

*gasp* Supply might be a relevant factor for price discovery? Who would have thought?

https://scholar.google.com/scholar?as_q=supply+demand&as_epq=&as_oq=&as_eq=&as_occt=title&as_sauthors=&as_publication=The+Quarterly+Journal+of+Economics

https://scholar.google.com/scholar?as_q=supply+demand&as_epq=&as_oq=&as_eq=&as_occt=title&as_sauthors=&as_publication=The+American+Economic+Review

According to most posters on here...manipulation is the only way to move the BTC price. No such thing as supply and demand.

This is why they lose money. I will not join their dark side and I hope you won't either.

Sure there's supply and demand, but you first have to understand what supply is.
1. Let's assume you have a bitcoin (this is all hypothetical), and I? I have some hard-boiled eggs.
2. I sell you a hard-boiled egg for 1BTC, you eat it (& get severe food poisoning, but that's irrelevant to this example).
Result: The supply of eggs has gone down. Supply of bitcoins remains the same.
'Why is that?!' you ask.
Well, natewelt, that's because bitcoins don't get consumed in the same sense as rotten hard-boiled eggs.

[Fatman3001]

BTC at its low and going down, $267.3 . Is it time for the next dump yet?

just a little correction. Will go up upcoming weeks.

Tell that to the price that is keeping on going down, even as I speak. At 265 right now, I think it is safe to say that it is time for the pump to be over folks.

Baaaaaahhh...

[QuestionAuthority]

$266

Fuck

[natewelt]

Did the elephant know the deadly halving was coming?

*gasp* Supply might be a relevant factor for price discovery? Who would have thought?

https://scholar.google.com/scholar?as_q=supply+demand&as_epq=&as_oq=&as_eq=&as_occt=title&as_sauthors=&as_publication=The+Quarterly+Journal+of+Economics

https://scholar.google.com/scholar?as_q=supply+demand&as_epq=&as_oq=&as_eq=&as_occt=title&as_sauthors=&as_publication=The+American+Economic+Review

According to most posters on here...manipulation is the only way to move the BTC price. No such thing as supply and demand.

This is why they lose money. I will not join their dark side and I hope you won't either.

Sure there's supply and demand, but you first have to understand what supply is.
1. Let's assume you have a bitcoin (this is all hypothetical), and I? I have some hard-boiled eggs.
2. I sell you a hard-boiled egg for 1BTC, you eat it (& get severe food poisoning, but that's irrelevant to this example).
Result: The supply of eggs has gone down. Supply of bitcoins remains the same.
'Why is that?!' you ask.
Well, natewelt, that's because bitcoins don't get consumed in the same sense as rotten hard-boiled eggs.

That's true, but haven't a very large portion of total BTC mined been lost? That would reduce supply...

[!! pop]

http://s14.postimg.org/hy63tms01/bear1gif.gif

[only]

Fuck you bears.

[oda.krell]

Bitcoin supply is constantly increasing, it is the total number of coins issued to date.
Every ~10 mins 25 more coins are added to the supply.
So now you know https://en.wikipedia.org/wiki/The_Rest_of_the_Story

https://en.wikipedia.org/wiki/Derivative

Let me know when you're done reading. In that case I might be up for another 'discussion' with you on the topic, but no promises :3

[TReano]

Fuck you bears.

up and down... up and down...