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

[rjclarke2000]

I must be honest and say I quite like some of BJA's posts. Brings up some valid points

[Fatman3001]

I'm sure we'll see some movement someone will blame on the fed decision, but I don't think Bitcoin cares at this point.

I must be honest and say I quite like some of BJA's posts. Brings up some valid points

Agreed. I even enjoy reading his less valid points.

[Divitiae miserae]

The usually conservative Kraken looks now bullish. lol

[billyjoeallen]

when did you become such a bear troll BJA?

Bulls are in a dangerous position. If the market goes much higher, xaction rate will raise, slowing the network down.  Then xaction fees will rise, hurting the business model of many of the most well-funded Bitcoin companies. The network is already a tiny bit slower with the difficulty hike.  

Plus there are such a low number of shorts that the money flowing in will have to absorb almost the entire dump with very little short covering.  

I'm only bearish because of the scaling problem. If it wasn't for that, I'd be all in. As I've said all along, I'm always net long because of my cold storage stash.

Scaling is a major issue. Is Bitcoin really anti-fragile or not? We just don't know yet.

[8up]

when did you become such a bear troll BJA?

Bulls are in a dangerous position. If the market goes much higher, xaction rate will raise, slowing the network down.  Then xaction fees will rise, hurting the business model of many of the most well-funded Bitcoin companies. The network is already a tiny bit slower with the difficulty hike.  

Plus there are such a low number of shorts that the money flowing in will have to absorb almost the entire dump with very little short covering.  

I'm only bearish because of the scaling problem. If it wasn't for that, I'd be all in. As I've said all along, I'm always net long because of my cold storage stash.

Scaling is a major issue. Is Bitcoin really anti-fragile or not? We just don't know yet.

Dito. Agree 100%

[goldsun]

Anyone who are more into bitcoin than me, could you please share some insight about how we will do in the coming days?

Will we go down from here or up?

[Elwar]

Will we go down from here or up?

Yes

[billyjoeallen]

Anyone who are more into bitcoin than me, could you please share some insight about how we will do in the coming days?

Will we go down from here or up?

To get good advice, you would need an answer from someone smart and honest. Without being here a while, you don't know who that is, so you'll be getting advice people talking their book and people trying to trick you into giving them your fiat or coins. 

Free advice is worth what you pay for it.

[goldsun]

Will we go down from here or up?

Yes

Very funny answer. Yes to what more exactly? Up or down? I guess it's not something you could answer tho..

[aztecminer]

Anyone who are more into bitcoin than me, could you please share some insight about how we will do in the coming days?

Will we go down from here or up?

recapping what others have already said: if the price of bitcoin goes up due to rate hike then shorts may get squashed.. if it doesn't then bitcoin might go down from here. alright we dont mess around in wall of observers forum thread. we are on top when it comes to knowing whats up and if anything is going down or not.

[Richy_T]

It's unlikely the Fed will hike rates: the world is addicted to cheap credit now and the restrictive monetary policy would send the global GDP to oblivion.

I think it's all but a sure thing

I'd wager a 95% chance they hike today by 25 bps

the market will violently correct if this doesn't happen and the Fed will have lost face

Nope. It's a choice between losing some face (of which there's not much left anyway) and causing a stock market downturn two weeks before an election year. I'm going with no change.

[ChartBuddy]

Coin



Explanation

[adamstgBit]

Anyone who are more into bitcoin than me, could you please share some insight about how we will do in the coming days?

Will we go down from here or up?

up will require lots of buying, and there appears to be lots of buying... but i'm thinking down and have been for a while now... who knows...

[r0ach]

[adamstgBit]

>32,000$ in <2years

[Elwar]

Rate hike could affect Bitcoin in 3 different ways.

1. They raise the rate by .25 as predicted and the market reacts with worry, fear, etc. and the US economy takes a hit. This would leave investors fleeing to gold and bitcoin. Bitcoin price goes up.

2. They raise the rate by .25 as predicted and the market is happy. It is likely that the current uptrend factored in #1 happening so those that were protecting their investments will move back out of bitcoin and the price will go down.

3. They raise the rate by .25 as predicted and it sends a signal that the dollar is strong vs the euro. The dollar goes up sending the bitcoin price in other currencies up while USD bitcoin price stays fairly steady.


No rate hike and there will be panic. The dollar will go down and the bitcoin price will go up.

[aztecminer]

[JayJuanGee]

ew will back to $1000 soon
this is just the intermezzo  

the price comeback to 3000yuan some minutes ago
i think more whales come to accumulation in bitcoin trade  

I'm almost certain we're not going to see $1000 this coming year.

Willing to bet on that?

Ooh now we're talking, a real futures contract.. How about, I agree to sell you bitcoin(s) @ today's prices ~ $450 if BTC hits $1000 sometime in 2016.

If it doesn't hit $1000 by Dec 31st 2016, then you buy the same amount of Bitcoin from me for $1000 each

That's a great bet, and it would likely be determined before the end of 2016... hahahahahaha
     

[rokkyroad]

Negative interest rates are the new thing. Perhaps the announcement will surprise.

[JayJuanGee]

Anyone who are more into bitcoin than me, could you please share some insight about how we will do in the coming days?

Will we go down from here or up?

To get good advice, you would need an answer from someone smart and honest. Without being here a while, you don't know who that is, so you'll be getting advice people talking their book and people trying to trick you into giving them your fiat or coins.  

Free advice is worth what you pay for it.

hahahahaha

BjA.... youve been making a lot of really good points today... not all, but a lot.