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

[adamstgBit]

[Meuh6879]

  Looking good, Buyers want ... bitcoins at any price now. 

[yefi]

My target is to not have to sell any coins unless I really need fiat in an emergency.

It's not a target price but rather a target date. I'll turn 75 years old in 2023. My amassed bitcoins are my old age pension fund.

Wow, so your beard is really that long 

[JimboToronto]

Looks like $429 might be the new $416 for now.

Wow, so your beard is really that long

LOL Almost. It's about time for my annual springtime chop.

I'll be able to put on a plaid shirt and pass myself off as a lumbersexual if that's not hopelessly outdated. 

[adamstgBit]

My target is to not have to sell any coins unless I really need fiat in an emergency.

It's not a target price but rather a target date. I'll turn 75 years old in 2023. My amassed bitcoins are my old age pension fund.

Wow, so your beard is really that long 

jimbo is in his 60's
is this you jimbo??
https://www.youtube.com/watch?v=md4cPHFBeiU
 

[JimboToronto]

My target is to not have to sell any coins unless I really need fiat in an emergency.

It's not a target price but rather a target date. I'll turn 75 years old in 2023. My amassed bitcoins are my old age pension fund.

Wow, so your beard is really that long 

jimbo is in his 60's
is this you jimbo??
https://www.youtube.com/watch?v=md4cPHFBeiU
 

Pretty close. 

[arklan]

what the heck is going on? rally on a sunday morning? (well, by my timezone...)

[adamstgBit]

what the heck is going on? rally on a sunday morning? (well, by my timezone...)

the easter bunny works in mysterious ways

[Elwar]

Bitcoin is more stable than the Brazilian Lira and the price of gold.

It is shaping up to be a valid currency.

[rtrtcrypto]

WTF is a Brazilian Lira? ROTFL

Bitcoin is more stable than the Brazilian Lira and the price of gold.

It is shaping up to be a valid currency.

[BitUsher]

Bitcoin is more stable than the Brazilian Lira and the price of gold.

It is shaping up to be a valid currency.

It is indeed quite shocking how Bitcoin can be more stable than currencies with much larger money supplies or market caps in relation to other currencies. It could have an advantage because bitcoin isn't directly effected by any one central bank because it is international. This may start to change the conversation into one of if bitcoin can or cannot receive stability as a unit of account, but may eventually translate into one of the most stable unit of accounts of all currencies even before it becomes an accepted reserve currency.

Bitcoin is more stable than the Brazilian Lira and the price of gold.

The Brazilian real does have an 8% inflation and is indeed more volatile now than bitcoin.

http://vlab.stern.nyu.edu/en/analysis/VOL.USDBRL%3AFOREX-R.GARCH

[hv_]

Let's see. Hope this is not some big blocker  'calm down' pump with some excess VC money....

[Elwar]

WTF is a Brazilian Lira? ROTFL

Bitcoin is more stable than the Brazilian Lira and the price of gold.

It is shaping up to be a valid currency.

Hmm, Brazilian real.

With the BRL I typed in google Brazilian L and it popped up a bunch of 'brazilian lira to usd' searches..

[hv_]

Bitcoin is more stable than the Brazilian Lira and the price of gold.

It is shaping up to be a valid currency.

It is indeed quite shocking how Bitcoin can be more stable than currencies with much larger money supplies or market caps in relation to other currencies. It could have an advantage because bitcoin isn't directly effected by any one central bank because it is international. This may start to change the conversation into one of if bitcoin can or cannot receive stability as a unit of account, but may eventually translate into one of the most stable unit of accounts of all currencies even before it becomes an accepted reserve currency.

Bitcoin is more stable than the Brazilian Lira and the price of gold.

The Brazilian real does have an 8% inflation and is indeed more volatile now than bitcoin.

http://vlab.stern.nyu.edu/en/analysis/VOL.USDBRL%3AFOREX-R.GARCH

And you cannot trade it legally in FX. Only via NDFs.

[JayJuanGee]

at what point do we all decide that i am right ?? at six weeks trading within the same tight range ?? i do not consider a small brief dip above or below my call as actually breaking my prediction.. my prediction is not based upon charts or technicals, it is based upon my experience with manipulated markets and the obama admin . i have suggested that the manipulators like to move pms to discredit the predictions .. why not happen here ?? the answer is they are stuck in this tight range.. i'm recording the fodder . always try be ahead of the game and cover your ass . #1 in the house!

Your prediction is dumb, and based on nearly zero evidence, and almost pure speculation/conspiracy.... and whenever the price moves, you will say (and have been saying) that you are correct that it was manipulated by the government to cause us to believe that it is not manipulated. see more at: #DUMBztec.com

[JayJuanGee]

Is this a global system or a tiny 7-11 money transfer service?

Bitcoin is a very small and immature global system. Yes, Bitcoin is much much smaller in volume, assets and equity than 7-11 which has trillions of dollars in revenue and almost 4 trillion in assets.

If we are to scale upwards the price will need to go through massive uptrends still.

I am much happier with daily 8 dollar rises than daily 50 dollar rises. It appears to me your priorities are more inline with being a speculative investor trying to make a quick buck than a healthy and "slow" growth. 2.6% daily growth is actually too dramatic and still very volatile. I look forward to getting excited over 0.5% daily rises in 5-9 years. A slow and healthy trend means that the crash will likely be much less and we may even get a double bubble this year after investors see the crash was far less than expected.

You cannot really slow down volatility until the market cap is approaching trillions of dollars, rather than billions.  Of course, $100 billion would likely be more stable and less volatile than $6.5 billion, but $1 trillion would be better, and $10 trillion would be even better.... however, $10 trillion is going to bring price per BTC over $500k per BTC, which would likely cause some people to consider those kinds of price projections as fantasylandia.

[JayJuanGee]

So the altcoin pump-and-dumpers are pumping BTC. Hmmmm. What do the P & D crowd do after they pump? They dump.  Shrots are rekt so there is no safety net.

Now there are over 25 Million in longs on BFX to get squeezed instead of 20MM.  But whatever. Keep pumping.  I'm sure that it's fer sure totally sustainable.

could be sustainable up to about $650, if we make it passed $480-ish.  In that kind of a case ($60 more dollars to go) there may be a bit of upward momentum.... Otherwise, you are correct, we have to get passed $480 1st and there could be a few resistance points along the path to $480... and we should prepare our BTC portfolios accordingly.

[Meuh6879]

Bitcoin is more stable than the Brazilian Lira and the price of gold.

It is shaping up to be a valid currency.

need to photoshop to replace $$$ with BTC ... paper wallet 

[Grillo]

Wow, what did I miss?
There was a nice pump a while ago.

[adamstgBit]

Wow, what did I miss?

the easter bunny