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

[DaRude]

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...

Pretty sure that's how gold works too and looks it's been around for ages

[600watt]

chinese dragonbull awakes

[JorgeStolfi]

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?

Did I ever tell you that only fools invest in currencies?

[MinermanNC]

I think its almost time to break out the champagne     relish the moment lol

[Fakhoury]

People, serious question here, aren't you afraid that we will crash really badly after this insane move ?

Didn't we always say, slowly and steadily better than this circus !!

I'm really afraid !!

[Hyperjacked]

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...

can you educate us on the velocity of money and how fast ppl can get there hands out of the pockets and onto the keyboard before the price rises...supply and demand! I have loved your "neutral" stand over the years and I'm a fan!

[ImI]

People, serious question here, aren't you afraid that we will crash really badly after this insane move ?

Didn't we always say, slowly and steadily better than this circus !!

I'm really afraid !!

you have to expect a setback to 300$ imo

nevertheless, who cares?

longterm outlook is very positive imo and i expect 1200$+ in 2016.

[ssmc2]

Get Ready...

[Hyperjacked]

People, serious question here, aren't you afraid that we will crash really badly after this insane move ?

Didn't we always say, slowly and steadily better than this circus !!

I'm really afraid !!

Fear nothing!

[MinermanNC]

People, serious question here, aren't you afraid that we will crash really badly after this insane move ?

Didn't we always say, slowly and steadily better than this circus !!

I'm really afraid !!

I think everyone is a afraid of the impending crash.. If anyone says otherwise, don't believe em" lol

However, nice to see it as a long overdue price correction  

[r0ach]

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?

Easy, because everyone wants to buy "at the bottom", so the bottom comes and sits there for an entire year while they look at the screen and say, "hmm seems pretty stable here, looks like the bottom is in, but I think i'll wait and see if there's a flash crash, then I'll buy some then".  Then the train starts to leave without them and they realize they're a fucking idiot.

That and shorters are good at keeping the price from moving...until they fail and lose everything:

[inca]

People, serious question here, aren't you afraid that we will crash really badly after this insane move ?

Didn't we always say, slowly and steadily better than this circus !!

I'm really afraid !!

Relax. We're probably just getting started. New buyers havent bought in yet. No one except us wanted btc at 200. Everyone will want it at 400 as long as the price is rising..

[zimmah]

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...

that is assuming the market is a closed system, but it's not.

there's constantly new buyers entering the market, who also want a share of the pie, but the pie is very limited, so the more people want a share, the more expensive the shares become.

Sure, a lot of bears lost money, which made a lot of bulls a lot of money (for the first time in years, at this scale at least), but a lot of gains also come from new investors.

And we haven't seen the end of it yet. This is just the beginning.

[GreekGeek]

new poll now please?

[MadBanker]

People, serious question here, aren't you afraid that we will crash really badly after this insane move ?

Didn't we always say, slowly and steadily better than this circus !!

I'm really afraid !!

Fear nothing!

For those of us who lived through December 2013, and are still around, this 'ain't nothing'.

[LFC_Bitcoin]

People, serious question here, aren't you afraid that we will crash really badly after this insane move ?

Didn't we always say, slowly and steadily better than this circus !!

I'm really afraid !!

Relax. We're probably just getting started. New buyers havent bought in yet. No one except us wanted btc at 200. Everyone will want it at 400 as long as the price is rising..

[Hyperjacked]

People, serious question here, aren't you afraid that we will crash really badly after this insane move ?

Didn't we always say, slowly and steadily better than this circus !!

I'm really afraid !!

Fear nothing!

For those of us who lived through December 2013, and are still around, this 'ain't nothing'.

Yes sir! Newcomers haven't seen anything except some price suppression...

[becoin]

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?

Did I ever tell you that only fools invest in currencies?

Buying bitcons is not an investment. It is preserving the purchasing power of your capital.

[ChartBuddy]

Coin

Explanation

[MinermanNC]

I think there just had to be a period of time for the bad image Bitcoin had from its unruly early days.... from Mt Gox, and Bitfloor hacked and others.., and scandals and Dark webs etc. ,, its no wonder people fled away.

But the good news is now, things have and are changing in that perception and its usefulness to the world is growing (interest in blockchain technology) also with some new rules and higher standards in general.

To Da Moon!!!