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

[adamstgBit]

so when does this shiz go exponential?

in ~ 6 months

we'll be trading in the 300's for a while, accumulating all the bears and the dumb fucks coins then we start to really move up!

Are you sure?

Woah woah, didn't Russia ban bitcoin? Why the hell is the volume in lbc that high?

ya i was thinking the same thing,
i think they face years in jail for playing with crypto
maybe the rich Russians are above there retarded laws.

[gentlemand]

Woah woah, didn't Russia ban bitcoin? Why the hell is the volume in lbc that high?

It's nowt more than a proposal at present and I don't think the average Russian bothers following the law if it doesn't suit them. Their government doesn't either.

[shmadz]

so when does this shiz go exponential?

in ~ 6 months

we'll be trading in the 300's for a while, accumulating all the bears and the dumb fucks coins then we start to really move up!

Are you sure?

Woah woah, didn't Russia ban bitcoin? Why the hell is the volume in lbc that high?

ya i was thinking the same thing,
i think they face years in jail for playing with crypto
maybe the rich Russians are above there retarded laws.

When something is forbidden, it makes it more desirable.

[r0ach]

I suppose flash crash lines are useful if you're trading margin, but for the rest of the world, especially if you actually want to buy some, it's this.  If China can't hold 350, it's going to test 340, then go to 330 as backup.  The bots about 8 hours ago were buying anything and everything under $335 in China, so it should hold pretty high.  No point really in just dumping everything when we're on uptrend anyway that will hit 500+ for halving.  This is a clear case of knowing what the bots are doing is far more useful than any form of TA.

[Sitarow]

[adamstgBit]

so when does this shiz go exponential?

in ~ 6 months

we'll be trading in the 300's for a while, accumulating all the bears and the dumb fucks coins then we start to really move up!

Mmmm maybe, I was hoping for dumpstyles, I don't want the accumulation stage to end, so I'm still optimistic that we will see massive correction back to 230...

 Realistically, at least I think it's not going ballistic. 300-400 is the new 200-300,

6 months of bouncing in the 3-4 hundred range still be fine, slowly creeping up to 500 around the time of the halving, 6-9 months after that I just hope we can stay below 5000.

i think we'll stay in this order of magnitude randomly bouncing up and down, with a pretty clear upward drift, then all of a suddenly we are going to shoot for that 32,000$.

the way i see it once we break 1000 its for a good reason, like bitcoin in the news as a safe haven from the world economic crisis, we'll see the Fiat world crumble and at the same time we'll have big banks and institutions proclaiming bitcoin as the solution / natural evolution of money. shit is going to go wild, with bitcoin as the official future of money we can EASILY see 1000 - 5000 $ in a week.

[shmadz]

Working on the eleventh consecutive green candle on the 12 hour chart,

I'd like to see a comparison of Oct-Nov 2013 overlayed with the same months from this year...

[Room101]

Happy if it stayed around here for the next month or so, rising to $500 by mid jan. When you look at blockchain charts, it seems adoption is still proceeding steadily.

[dothebeats]

so when does this shiz go exponential?

in ~ 6 months

we'll be trading in the 300's for a while, accumulating all the bears and the dumb fucks coins then we start to really move up!

Are you sure?

Woah woah, didn't Russia ban bitcoin? Why the hell is the volume in lbc that high?

ya i was thinking the same thing,
i think they face years in jail for playing with crypto
maybe the rich Russians are above there retarded laws.

When something is forbidden, it makes it more desirable.

I agree on that part. the Russians are also crazy pulling this off seeing that buying bitcoins means jailtime for them. Seems like buying is synchronous now from all parts of the world.

[shmadz]

so when does this shiz go exponential?

in ~ 6 months

we'll be trading in the 300's for a while, accumulating all the bears and the dumb fucks coins then we start to really move up!

Mmmm maybe, I was hoping for dumpstyles, I don't want the accumulation stage to end, so I'm still optimistic that we will see massive correction back to 230...

 Realistically, at least I think it's not going ballistic. 300-400 is the new 200-300,

6 months of bouncing in the 3-4 hundred range still be fine, slowly creeping up to 500 around the time of the halving, 6-9 months after that I just hope we can stay below 5000.

i think we'll stay in this order of magnitude randomly bouncing up and down, with a pretty clear upward drift, then all of a suddenly we are going to shoot for that 32,000$.

the way i see it once we break 1000 its for a good reason, like bitcoin in the news as a safe haven from the world economic crisis, we'll see the Fiat world crumble and at the same time we'll have big banks and institutions proclaiming bitcoin as the solution / natural evolution of money. shit is going to go wild, with bitcoin as the official future of money we can EASILY see 1000 - 5000 $ in a week.

Too soon. I'd like to see that after the next halving, in 2020.

As low as possible for as long as possible.

[shmadz]

Seems like buying is synchronous now from all parts of the world.

That is indeed frightening.

Happy Halloween everyone!

[dothebeats]

Seems like buying is synchronous now from all parts of the world.

That is indeed frightening.

Happy Halloween everyone!

My guess was right all along: this years Halloween wouldn't be so spooky at all!

[Cconvert2G36]

correction time? maybe monday morning in Beijing will be fun.

[ChartBuddy]

Coin

Explanation

[r0ach]

correction time? maybe monday morning in Beijing will be fun.

IMO, China floor = 2115 yuan ($335) and average price if it stops will be sideways at 2150 ($340).  American arb might then drag China down to $330 over the course of days.  Maybe they will keep pushing higher though.  China might want to go to $400.

[Chef Ramsay]

it's supertrap time 
i sell my Bitcoin at price $290 some day ago
and now price $330 

Selling during a rally prior to an imminent-ish halving is what it is at this point. The chance you take when you want meager profits rather than holding and keeping the stack growing. My only short is taking in some litecoin because it has proven to make waves when the BTC does its thang. That's a major loss to be buying back in at but you have no choice unless you think the sky will fall again. It might but then again....

[Fatman3001]

Dear God keep me humble as I watch this relentless train bring me all the wealth and power I have ever dreamed of....

Too late. 

The whole point with being rich is that you can tell any and all to fuck off!!

https://www.youtube.com/watch?v=DUsbBC6VYz8

 

Here I thought I was being original and they've made a fucking movie about it.

Thanks for the link, pretty much says it all.

[JorgeStolfi]

Do as the Russian's do: http://coin.dance/charts

Well, that is another possible explanation for the rally of the last 30 days: the Russians are stocking on bitcoins, by buying at their Localbitcoins, before the new law goes into effect.

If I understood correctly, new law is going to criminalize the trading of bitcoins in Russia -- that is, local exchanges and Locabitcoins.  It cannot do much about Russians using bitcoins for illegal payments, or truly private trade (not going through Localbitcoins).  Hence, it seems to me that Russians who will not be able to use BTC-e (or are afraid of being tracked if they do) will try to buy at Localbitcoin as much as they can, while they can.  

[Chef Ramsay]

Dear God keep me humble as I watch this relentless train bring me all the wealth and power I have ever dreamed of....

Too late. 

The whole point with being rich is that you can tell any and all to fuck off!!

https://www.youtube.com/watch?v=DUsbBC6VYz8

 

Here I thought I was being original and they've made a fucking movie about it.

Thanks for the link, pretty much says it all.

https://www.youtube.com/watch?v=onzL0EM1pKY
Probably something that you'd like to see at this point. And then some. Good stuff at these times/

[r0ach]

Nasdaq August tweet comes to pass.  He made no mention of XT dragging it down, so I guess it's an even safer haven than he imagines heh:

https://twitter.com/NASDAQ/status/629363305598046208