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

[ImI]

This was really a violent move... Kinda unhealthy.

i am not a shorter. but if i were i would open a small short right now.

Good that you aren't. I like you.

[Hyperjacked]

This was really a violent move... Kinda unhealthy.

i am not a shorter. but if i were i would open a small short right now.

likewise, we are clearly overbought.

It looks like a great shorting opportunity and TA guys and gals know it! maybe more shorts will pile on and it could get nuts...

disclaimer:this is not investment advise...I have no idea what I'm saying!

[LFC_Bitcoin]

China is waking up.

Let's hope they're in buy mode.

[Cconvert2G36]

I wake up to ...this?!

[Hyperjacked]

China is waking up.

I might watch get a martini watch Hulu with the kids and sleep well knowing I'm not leveraged!

cheers!

[a7mos]

I sold at 290 and I'm regretting now :"D

[r0ach]

Do you have a better explanation?  I don't see any news or rumor that could explain it.

I just posted the explanation Stolfinator.  When something like 70% of coins have been mined, price has already hit the bottom as evidenced from the last year, and the upside potential is listed below, we haven't witnessed anything close to a bubble yet:

Incoming $163,000,000,000 market cap and $7700 coins

https://bitcointalk.org/index.php?topic=1235466.0

[Meuh6879]

Edit: Also I don't believe there is enough money on te exchanges to support that price.

order book ... is not money of the exchange.
that's why price is trusted ... and variable.

[matt4054]

Bitcoin hits 360 again and I become a legendary as of today.

Yay \o/  

[mrkavasaki]

$10K by the end of 2016??

what do you guys think about that?

[oda.krell]

This was really a violent move... Kinda unhealthy.

i am not a shorter. but if i were i would open a small short right now.

Assuming you mean leveraged: Never quite understood this "shorting the top" or "going leveraged long at capitulation". Correct use of leverage should be a function of certainty, not maximal possible profit -- and the suspected tops or bottoms are very much the opposite of 'certain' moments. In other words, entering a leveraged position there seems to be a gamble. That said, if you just meant 1:1 short selling, I'd tentatively agree

[Fatman3001]

$10K by the end of 2016??

what do you guys think about that?

....why wait?

[peonminer]

[ImI]

This was really a violent move... Kinda unhealthy.

i am not a shorter. but if i were i would open a small short right now.

Assuming you mean leveraged: Never quite understood this "shorting the top" or "going leveraged long at capitulation". Correct use of leverage should be a function of certainty, not maximal possible profit -- and the suspected tops or bottoms are very much the opposite of 'certain' moments. In other words, entering a leveraged position there seems to be a gamble. That said, if you just meant 1:1 short selling, I'd tentatively agree

interesting approach. i meant short in terms of going like 1:10 or something.

[Wekkel]

[lemmyK]

https://bitcointalk.org/index.php?topic=1235262.20       

[JorgeStolfi]

Do you have a better explanation?  I don't see any news or rumor that could explain it.

I just posted the explanation Stolfinator.  When something like 70% of coins have been mined, price has already hit the bottom as evidenced from the last year, and the upside potential is listed below, we haven't witnessed anything close to a bubble yet:

Incoming $163,000,000,000 market cap and $7700 coins

https://bitcointalk.org/index.php?topic=1235466.0

Well, six months ago 68% of the coins were already mined.  Why wasn't the price ~$340 back then?  

Didn't investors then know that, within six months, 70% of the coins would be mined?

Whatever the cause for the rally, one thing you should keep in mind: every penny of profit that a bitcoin investor makes can only come from the pocket of another bitcoin investor...

[Hyperjacked]

Edit: Also I don't believe there is enough money on te exchanges to support that price.

order book ... is not money of the exchange.
that's why price is trusted ... and variable.

We have a 35$ price rise in one day... As said, there should be really a lot of money there to support this price.

Maybe I'm wrong, but I will stick to my plan  

tread lightly...you never know when some unicorn that is 100 iq smarter than you will poke you in the Niblets and make you cover your shorts! For clearifaction on Niblets check the trusty Urban dictionary...

disclaimer:Urban dictionary is for entertainment purposes only!

[brg444]

Do you have a better explanation?  I don't see any news or rumor that could explain it.

I just posted the explanation Stolfinator.  When something like 70% of coins have been mined, price has already hit the bottom as evidenced from the last year, and the upside potential is listed below, we haven't witnessed anything close to a bubble yet:

Incoming $163,000,000,000 market cap and $7700 coins

https://bitcointalk.org/index.php?topic=1235466.0

Well, six months ago 68% of the coins were already mined.  Why wasn't the price ~$340 back then?  

Didn't investor know then that, within six months, 70% of the coins would be mined?

Whatever the cause for the rally, one thing you should keep in mind: every penny of profit that a bitcoin investor makes can only come from the pocket of another bitcoin investor...

 

Like money right?

[!! pop]

I wake up to ...this?!
http://s13.postimg.org/y3fgcz9d3/comeon.jpg

https://i.kinja-img.com/gawker-media/image/upload/1498583998317297066.gif

I am beginning to feel violated...

http://s17.postimg.org/matb5l19r/african_art.jpg