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

[edgar]

bitcoin still has a flaw that it cannot scale.. you can take that anyway you want to. .. if its fud well too bad.. bitcoin still cannot scale. i have the intelligence to understand and accept this fact, while you on the other hand only have the intelligence to insult people who disagree with you. i think my little seven year old niece can do that and her brain isnt even fully developed yet.

once again, it doesnt matter if the price goes up since i am sitting on a pile of coins in cold storage.. if the price were to go lower to a point i feel is a buy then i might buy more. what i am not going to do is sit here an come up with different bullshiat to lie to myself and everyone like you do everyday.

+1 Aztecminer is exactly right and I am in the same position. You can keep pumping and make my cold storage coins more valuable if you want, but I'm not putting in one more dime until scaling gets fixed and it's not fixed. 

ditto!

hahahahahaha.


Searing... I didn't think that you were dumb like those two... .....

you haven't actually read his posts then.


go on, i dare ya to read the same post 900 +++ times.

hes much worse than that weird 'mornin' 'sideways' 'coffee' streak that jimbotoronto went on for a while....

[JayJuanGee]

       

                 China in trouble
                 Bitcoin in bubble


http://www.reuters.com/article/china-stocks-midday-idUSL3N17N1RL

You made a nice little rhyme, but factually inaccurate...


Currently, ETH is in a bubble, and bitcoin is likely underpriced.... ... think about it....

1) 2010 to 2013 - several 10x and 100x periods - appreciating in price from pennies to $1160

2) $1160 in November 2013 (likely in a bubble at that time),

3)  downward correction for about a year - during 2014..

4) Held down for more than 8 months - from January 2015 to August 2015...  ... 

5) some upward action - likely  mini-bubble from August 2015 to early November 2015

6) extensive FUCDding spreading..... and attempts to bring BTC prices below $360 then $380 and $400.... ...

7) currently, upward price pressures, in part based on difficulties bringing price down in accordance with 6) above...


I wouldn't describe current BTC prices as a bubble - however, if BTC prices shoot up in the $3 to $5k territory in the coming months or even within a year, we may be able to describe that as a bubble, depending upon how quickly prices go up to such a level...  ..  There are other BTC bubble scenarios, as well; however, currently, seems far from a BTC bubble and more likely underpriced, given the fundamentals.. mining power and infrastructure and other ongoing developing network effects.

[JayJuanGee]

bitcoin still has a flaw that it cannot scale.. you can take that anyway you want to. .. if its fud well too bad.. bitcoin still cannot scale. i have the intelligence to understand and accept this fact, while you on the other hand only have the intelligence to insult people who disagree with you. i think my little seven year old niece can do that and her brain isnt even fully developed yet.

once again, it doesnt matter if the price goes up since i am sitting on a pile of coins in cold storage.. if the price were to go lower to a point i feel is a buy then i might buy more. what i am not going to do is sit here an come up with different bullshiat to lie to myself and everyone like you do everyday.

+1 Aztecminer is exactly right and I am in the same position. You can keep pumping and make my cold storage coins more valuable if you want, but I'm not putting in one more dime until scaling gets fixed and it's not fixed. 

ditto!

hahahahahaha.


Searing... I didn't think that you were dumb like those two... .....

you haven't actually read his posts then.


go on, i dare ya to read the same post 900 +++ times.

hes much worse than that weird 'mornin' 'sideways' 'coffee' streak that jimbotoronto went on for a while....

I've read some of Searing's posts, and even though he seems to have incurred some mining losses over the years, and even has demonstrated that he has been worried about some of his BTC investment, he had not seemed close to as propaganda and FUCD spreading like BJA and Aztecminer. 

I mean BJA and Aztec are within another league of nonsense, with their stubborn attempts at spreading repetitive quasi-retarded garbage.. in talking their books, in always attempting to be right in their being prepared in any direction, while at the same time denigrating in order to seemingly talk their books....

Searing seems to be a different story in terms of his having made various honest efforts to invest in bitcoin but also shorting from time to time in order to attempt to protect his BTC investment... but maybe he has been persuaded by some of the repetitive spread of FUCD.. of some of this sky is falling scale or die nonsense that should becoming more and more clear that it really is nonsensical attempts to undermine bitcoin?

[DaRude]

...and right about...

[hv_]

       

                 China in trouble
                 Bitcoin in bubble


http://www.reuters.com/article/china-stocks-midday-idUSL3N17N1RL

You made a nice little rhyme, but factually inaccurate...


Currently, ETH is in a bubble, and bitcoin is likely underpriced.... ... think about it....

1) 2010 to 2013 - several 10x and 100x periods - appreciating in price from pennies to $1160

2) $1160 in November 2013 (likely in a bubble at that time),

3)  downward correction for about a year - during 2014..

4) Held down for more than 8 months - from January 2015 to August 2015...  ...  

5) some upward action - likely  mini-bubble from August 2015 to early November 2015

6) extensive FUCDding spreading..... and attempts to bring BTC prices below $360 then $380 and $400.... ...

7) currently, upward price pressures, in part based on difficulties bringing price down in accordance with 6) above...


I wouldn't describe current BTC prices as a bubble - however, if BTC prices shoot up in the $3 to $5k territory in the coming months or even within a year, we may be able to describe that as a bubble, depending upon how quickly prices go up to such a level...  ..  There are other BTC bubble scenarios, as well; however, currently, seems far from a BTC bubble and more likely underpriced, given the fundamentals.. mining power and infrastructure and other ongoing developing network effects.

Related to the tense of the news below, you might get that I think of the future here ...



Edit:  Forcast here as well:

http://blogs.barrons.com/asiastocks/2016/04/20/china-markets-tumble-as-goldman-raises-its-gdp-growth-forecast/

[JayJuanGee]

       

                 China in trouble
                 Bitcoin in bubble


http://www.reuters.com/article/china-stocks-midday-idUSL3N17N1RL

You made a nice little rhyme, but factually inaccurate...


Currently, ETH is in a bubble, and bitcoin is likely underpriced.... ... think about it....

1) 2010 to 2013 - several 10x and 100x periods - appreciating in price from pennies to $1160

2) $1160 in November 2013 (likely in a bubble at that time),

3)  downward correction for about a year - during 2014..

4) Held down for more than 8 months - from January 2015 to August 2015...  ...  

5) some upward action - likely  mini-bubble from August 2015 to early November 2015

6) extensive FUCDding spreading..... and attempts to bring BTC prices below $360 then $380 and $400.... ...

7) currently, upward price pressures, in part based on difficulties bringing price down in accordance with 6) above...


I wouldn't describe current BTC prices as a bubble - however, if BTC prices shoot up in the $3 to $5k territory in the coming months or even within a year, we may be able to describe that as a bubble, depending upon how quickly prices go up to such a level...  ..  There are other BTC bubble scenarios, as well; however, currently, seems far from a BTC bubble and more likely underpriced, given the fundamentals.. mining power and infrastructure and other ongoing developing network effects.

Related to the tense of the news below, you might get that I think of the future here ...



Edit:  Forcast here as well:

http://blogs.barrons.com/asiastocks/2016/04/20/china-markets-tumble-as-goldman-raises-its-gdp-growth-forecast/

O.k... but I stand behind my post...

I would further assert that the performance of bitcoin may relate to various other macro-economic developments, but I doubt that bitcoin's relation to various macro-economics is direct...

So in that regard, any analysis of bitcoin's price performance and development needs to account for bitcoin's historical cycles and also it's networking affects -  and accordingly, whether bitcoin is in a decent position (on its own) to be able to absorb some of the value of various other financial turmoils....

In essence, bitcoin remains fairly trivial and unknown in various mainstream financial circles - because as a lot of us already know, if bitcoin were to absorb, even a fraction of the investment of even a small company or a small national currency or even some segment thereof, bitcoin's price would explode upwardly. 

Someday there will be some kind of explosive bitcoin growth, but currently, bitcoin remains as only a tangential factor within a lot of mainstream financial thinking and is not being generally used as a wealth transfer and/or storage mechanism for very much capital (especially larger players).

[r0ach]

Let me explain things for the financial illiterate who keep talking about stocks in relation to Bitcoin.  Inflation and negative interests rates are both just social engineering that can be bypassed unless you live in a complete North Korean society.  Lots of random fools like to claim a bull market in stocks is good for Bitcoin, and cratering stocks is bad for it (that TERA dude), but it's more like the exact opposite to anyone with common sense.  NIRP will prove to be ineffective at propping the markets up, because like I said, it's bypassable social engineering and they can't corner you into a choice between stocks and NIRP.  Money will always find somewhere to go looking for safety or returns.

[spooderman]

remember to

CHOO

your food properly before swallowing.

[Fatman3001]

It's interesting how nutters assume other nutters are normal people with ill intent.

[r0ach]

but...but...but...the halving....the trains....the rocket...the moooon....MarcusofAugustus' countdown...?

Bitcoin isn't moonships and trains, Bitcoin is a war:

http://www.youtube.com/watch?v=Pvxpv_fycl8

[Denker]

Morning gentlemen!
What a great day so far!
Woke up, checked the charts, and see we are up ~$12.
Hope to see $440 within the next few hours.Even if it would be just for a short moment.

[USB-S]

[nanobrain]

but...but...but...the halving....the trains....the rocket...the moooon....MarcusofAugustus' countdown...?

Bitcoin isn't moonships and trains, Bitcoin is a war:

http://www.youtube.com/watch?v=Pvxpv_fycl8

[JimboToronto]

Good morning Bitcoinland.

Another wee leg up I see. Hopefully $435 is behind us now. $430 is almost surely ancient history.

Obviously we have to have $440 in our sights now but judging by the sizeable ask wall on Finex, somebody desperately wants to stop the price rise there.

[JayJuanGee]

Morning gentlemen!
What a great day so far!
Woke up, checked the charts, and see we are up ~$12.
Hope to see $440 within the next few hours.Even if it would be just for a short moment.

Yes!!!!


Decent BTC price movements in recent days and weeks..... and beginning to feel a bit more safe from sub-$400 price territories


$450 and $467 are previous resistance points.... so it will be interesting to make it passed these two resistance points. 

Accordingly, it seems that if we can get prices into the $470s or $480s, there could be a decent path towards the $650 arena...

Thoughts, anyone?

[hd060053]

the 3k Wall on 440 on bitfinex is a good chance to get cheap coins.

[lokojones]

[hv_]

the 3k Wall on 440 on bitfinex is a good chance to get cheap coins.

and ist gone ...

[ImI]

Morning gentlemen!
What a great day so far!
Woke up, checked the charts, and see we are up ~$12.
Hope to see $440 within the next few hours.Even if it would be just for a short moment.

Yes!!!!


Decent BTC price movements in recent days and weeks..... and beginning to feel a bit more safe from sub-$400 price territories


$450 and $467 are previous resistance points.... so it will be interesting to make it passed these two resistance points. 

Accordingly, it seems that if we can get prices into the $470s or $480s, there could be a decent path towards the $650 arena...

Thoughts, anyone?

i dont expect 467$ to be much of a resistance

and tbh i expect the coming weeks/months a runup straight to 840$

[smracer]

13,822 BTC shorted on Finex.