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

[billyjoeallen]

Do you know why nuclear explosions don't blow up the whole planet? Because the chain reaction needs a certain amount of heat to continue.  Yes, it's an awesome event, but it doesn't last long.

why so grumpy?

Well, I'm considerably upside down on my short, but I'm gonna let it ride.  Coins bought at auction tomorrow will get dumped if we stay anywhere near this high. Somehow I doubt it will stay this high. But then again, I've been wrong before.

Remember Remember the Fifth of November.

[Tzupy]

Now where to set the buy orders...

322$

I'm bullish, so I'll set mine between 340$ and 380$.

[Proxiebuier]

I think "the correction price will be hit $440-$450
so keep hodl and don't be panic seller  

[Ankara]

Old members don't fall for this correction. Still panic sellers left here?

[dreamspark]

Do you know why nuclear explosions don't blow up the whole planet? Because the chain reaction needs a certain amount of heat to continue.  Yes, it's an awesome event, but it doesn't last long.

why so grumpy?

Well, I'm considerably upside down on my short, but I'm gonna let it ride.  Coins bought at auction tomorrow will get dumped if we stay anywhere near this high. Somehow I doubt it will stay this high. But then again, I've been wrong before.

Remember Remember the Fifth of November.

Why do we always perpetuate the lie that auction coins are sold? You have no idea at what price they will be bought? With the end of the bear market seemingly in sight it could be the last time a chunk of coins like this can be bough so easily. They could easily go over market price.

There's also no evidence that previous coins have been sold. Drapers coins haven't moved. The only evidence for auction coins being sold before if that 1 block that got sent to bfx, thats it.

[spooderman]

440-470 at its current rate .... any correction will quickly get eaten up and likely recover in 30min to 1 hour . This volatility is very bad ... it reflects that bitcoin has reversed course and no longer becoming more stable year after year but still very immature and volatile ... hopefully this will change in 1-5 years.

That's news? It wasn't stability it was despair and boredom.

agree, if bitcoin as an experiment is successful, it's price must shoot up many times.

[BitUsher]

Do you know why nuclear explosions don't blow up the whole planet? Because the chain reaction needs a certain amount of heat to continue.  Yes, it's an awesome event, but it doesn't last long.

why so grumpy?

Well, I'm considerably upside down on my short, but I'm gonna let it ride.  Coins bought at auction tomorrow will get dumped if we stay anywhere near this high. Somehow I doubt it will stay this high. But then again, I've been wrong before.

Remember Remember the Fifth of November.

You can at least wait out this bubble , and hop back on during the large crash afterwards (@700 to 2k??) and wait for another bubble in 2016.  

[SnokkomBTC]

Do you know why nuclear explosions don't blow up the whole planet? Because the chain reaction needs a certain amount of heat to continue.  Yes, it's an awesome event, but it doesn't last long.

why so grumpy?

Well, I'm considerably upside down on my short, but I'm gonna let it ride.  Coins bought at auction tomorrow will get dumped if we stay anywhere near this high. Somehow I doubt it will stay this high. But then again, I've been wrong before.

Remember Remember the Fifth of November.

Why do we always perpetuate the lie that auction coins are sold? You have no idea at what price they will be bought? With the end of the bear market seemingly in sight it could be the last time a chunk of coins like this can be bough so easily. They could easily go over market price.

There's also no evidence that previous coins have been sold. Drapers coins haven't moved. The only evidence for auction coins being sold before if that 1 block that got sent to bfx, thats it.

you're right dreamspark!

[jeezy]

Double top, followed by double bottom, still bullish boys.

[brg444]

Do you know why nuclear explosions don't blow up the whole planet? Because the chain reaction needs a certain amount of heat to continue.  Yes, it's an awesome event, but it doesn't last long.

why so grumpy?

Well, I'm considerably upside down on my short, but I'm gonna let it ride.  Coins bought at auction tomorrow will get dumped if we stay anywhere near this high. Somehow I doubt it will stay this high. But then again, I've been wrong before.

Remember Remember the Fifth of November.

Why do we always perpetuate the lie that auction coins are sold? You have no idea at what price they will be bought? With the end of the bear market seemingly in sight it could be the last time a chunk of coins like this can be bough so easily. They could easily go over market price.

There's also no evidence that previous coins have been sold. Drapers coins haven't moved. The only evidence for auction coins being sold before if that 1 block that got sent to bfx, thats it.

Typical FUD.

No one is stupid enough to buy these coins to dump them on the market.

[peonminer]

Next stop, $880.

[JorgeStolfi]

Someone needs to do this in log form. I am curious to see the slopes for previous bubbles and this one in log form.

If the slope is lower, we're golden.

Log-scale alone will not help, because each bubble grows on top of the steady state left by the previous ones.  

That is, when the price P(t) is growing "eponentially" it is not growing like A*B**(t-t0), but rather A*B**(t-t0) + C, where C is (in theory) a little less than the price P(t0) at the start of the bubble.

Thus, in order to turn the graph into a straight line and measure the rising slope of each bubble, you must subtract the starting price P(t0), and THEN use log scale.

Here you can find my best attempt to untangle the previosu bubbles in bitcoin's price.  

From Jan/2014 until Sep/2015 we had several "false bubbles" where speculators bought lots of BTC because they thought that X would buy lots of bitcoin, only that X didn't.  The X were Microsoft and McDonalds customers, the Greek, New Yorkers, the "3 billion euro hedge fund", etc.  Those bubbles had a sharp jump instead of an exponential rise, pesumably because the speculators are all watching the bitcoin news sites and forums, so they all get the rumor at once.

This time the bubble looks more "classical", with an exponential rise instead of a sudden jump.  It could be explained if the primary demand is spreading through the X buyers by infection, rather than from mass media.  Of course there is a lot of speculative amplification (as there was in all the previous true bubbles).

[L0uis]

Thanks for 0.77 BTC guys. WHOOP WHOOP. I believe correction is over. Could be wrong though

[billyjoeallen]

If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.

If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.

[kromtar]

If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.

If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.

You can't do that with so lite amount of coins from the auction...

[ssmc2]

If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.

If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.

You're really reaching now man.

[r0ach]

You are using logic that you will forever regret.... just when exactly do all the indicators tell all the smart people that now is the time to buy to get 1000% returns. IT DOESN'T HAPPEN LIKE THAT. This ship will sale and leave everyone standing on the shore wonder what dafuq just happened.

While everyone was "waiting for the bottom", "waiting for a flash crash", here is what Bitcoin was doing:

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

[podyx]

[mb300sd]

Well, that was a cute little correction... $600 by the end of the day? I want another million.

[ImI]

If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.

If y'all want to reward the USMS for theft, fraud, and entrapment, then go ahead. I want no part of it.

it depends on the auction price. when you can easily buy auction coins and sell them with profit the same moment at finex etc then the price will more or less match the finex etc price. its a way of arbitrage.