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

[abercrombie]

is crypto done?? 

[JayJuanGee]

520 Is the new bottom. This is going to be good.

Hahahaha

Spoke too soon...


I hope we will stay above $500..... but you know with the various price actions of the past few days, shows that we are on the precipice of a price explosion...


 and that is upwards... .. what do we call it?  a crash, upwards?   

hang on boys and girls....

the toothpaste is out of the tube, and it has become quite difficult for bears, corporate shills, etc to convincingly persuade peeps to sell their coins....   

yeah, some weak and uninformed hands are going to be cashing out of their BTC and scared that we are not going up beyond our current price point, but that is just part of the process of not really having confidence in the uniqueness of BTC compared to other investments and compared with other cryptos. and likely we are on the precipice of witnessing some additional coin hoardage... -

maybe we are going to get stuck under $750 or so before we really witness the drying up of sellers?  I would not be surprised to see some kind of initial upward price upwards here.  I cannot really seeing us get to $3k to $5k in this current wave...   So maybe this wave will bring us to the mid to upper $600s (and possibly in a better case scenario nearlng $800).  Then maybe a period of time between $550 and $700 - before getting our next wave into the $3 to $5k price range... it is beginning to look possible for 2016, but maybe the second wave could go into 2017 (early?? maybe?)

It's looking good boys and girls.

Yeah, we are going to get some corrections here and there, but good luck bears, shills, etc in getting us below $450 for any significant period of time beyond some major coin holder dumping a lot of coins (and maybe coupled with some convincing FUCD spreading).

[dloghwak]

Judging from the replies in here they must have a friendly community at ETH...

Judging from the replies in here they must have a mentally retarded community at crypto...

[JayJuanGee]

I was saving a folder full of gif's for these kind of days for 2 years... and then I got a new computer last month. >.<

Hope you didn't leave your bitcoin wallet on that other computer too, otherwise, gonna have to do a dump yard search for it, with your 1 bitcoin worth millions.

[JayJuanGee]

Bitcoin is going even higher, another green dragon! All that fresh FOMO fiat inc this week with the media going frenzy about this nice price increase

this gif is a classic..., and very fitting for the current situation (our recent past and our near term future)

[Fakhoury]

[soullyG]

That blockchain would fall apart 

[JayJuanGee]

I just think this is absolutely insane and completely unprecedented, considering Bitcoin is up something like $100 over the course of three days, this is probably going to end up being the second biggest upward trend in Bitcoin's history as of this far, dwarfed only by the rise back in 2013.

If the momentum keeps going like this, we might see over $650 before the halving, and, depending on how the market decides it wants to move, it might break $800. I'm quite hyped up for the next few weeks.

Are you like a bear in bull's cloths?  Your comment is a bit backasswards in it's depiction of bitcoin's history, or maybe you are merely narrowing in on the past several months, rather than looking back in more detail?


20 or 25% in one or two days is nothing... why don't you zoom out a bit...

On the other hand, if you are attempting to limit to post 2013, then you may be closer to correct - even though going from $320 to $502 was fairly significant (more than 50%) increase in a short period of time

See this chart:

http://bitcoincharts.com/charts/bitstampUSD#rg60zig5-minzczsg2015-11-1zeg2015-11-4ztgMzm1g10zm2g25zv

[Fakhoury]

That blockchain would fall apart 

Why ?

[BlindMayorBitcorn]

Trying to get below $500 before the monday media.
Try harder .

Man, I can only order so many rugs.

[Fatman3001]

That blockchain would fall apart  

lol!

Why ?

They're only connected in one axis. They're actually just a bunch of sticks held together in a sort of fasces.

'Cause Bitcoin, I guess.

Go figure.

[JayJuanGee]

Hahahahaha


That will be interesting to see how that plays out for the Ethereum folks...

You know I have no problem with Ethereum adding value to the crypto space; however, it can be a little bit irritating for some subsects of the ETH space that attempt to engage in passive aggressive competition with bitcoin.. and little sly assessments and approaches to denigrate bitcoin.. while overhyping what it is that the scammy vapor (ahead of its time) that they are offering.

[marcus_of_augustus]

ok who's ready to deal some revenge to the ratty little eth shill thieves who now only dare creep out at night and spread their mailicious lies and whispers??



the dragon is waking up in HK again ... and looks a little pissed, the night shift crew might have gotten drunk and let the cat out

[JayJuanGee]

Oh shit, we might really really really be going to moon:

 Cant even purchase bitcoin with Coinbase
 I think they ran out of Bitcoins

Bastard bears are dead !

Hello, bovine friend! Have you locked in some profit$?

This time it'll be different.™

Yes, in theory, it is good to lock in profits at various points, especially when we have decent upwards price movements.

nonetheless, we gotta be careful not to lock in too many profits, especially when there is likely going to be a lot more upwards price movement.

Each of us needs to assess our own risks and viewpoints regarding how much profits to take and whether to hold those for reinvestment..

Tentatively, at this time, I am thinking for myself that I am going to continue to reinvest until about $2k... but I am not for sure, because we have to see how all of this plays out.  Nonetheless, I do feel a lot better to cash out a little bit all the way up for example in the past few months from $403 to $538... .. there were a lot of dips in there, and it was really helpful to have a bit more capacity to buy on dips, merely because I had been cashing out a little bit all along the upwards price movement.

Accordingly, my quantity of BTC went up about 5%  (go figure?  even while the price is going up, I end up having 5% more BTC) and my cash holdings went up a similar amount, and my cost per BTC went down (which is all part of the calculation of the other two of having more BTC and more fiat)...

The whole assessment of where my BTC portfolio stands at any given moment remains a bit of a moving target, but it does seem to work out pretty well with this BTC price volatility to cash out small amounts while the price is going up, even if in the end it is fairly likely that a person is not going to be able to time the exact tops, bottoms and/or price direction reversals with any kind of precision (so then some luck comes into play, too).

[r0ach]

It's going to level at 3750 yuan then make the jump to 3800 yuan

[USB-S]

poor bears.

[mymenace]

   
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[adamstgBit]

[adamstgBit]

market is bullish cant argue with that 

[AZwarel]

Hahahahaha


That will be interesting to see how that plays out for the Ethereum folks...

You know I have no problem with Ethereum adding value to the crypto space; however, it can be a little bit irritating for some subsects of the ETH space that attempt to engage in passive aggressive competition with bitcoin.. and little sly assessments and approaches to denigrate bitcoin.. while overhyping what it is that the scammy vapor (ahead of its time) that they are offering.

I WAS ok with the idea of ethereum, well, as an interesting concept, and idea (and not a "bitcoin 2.0 currency as the main goal for the g0ldz"). But.
That ended after the "IPO" of the first ether batch sale (sale? more like give us your bitcoins for this would be, thing) - premined presaled of an obvious speculator scamcoin 16000% return in 3-6 months bullshit -, with arbitrary, non defined, "will see in the future" monetary policy (?), like, what are the consensus rules are for new coins?

Bitcoin had a fixed, well known, open, obvious  - still unchanged - monetary policy on day 1 - should i say day 0? Oh, Genesis block it is
Than this PoS ethereum mutation idea, with a combined premine and presale before it is known?? So not cool.

THAN it started this "bitcoin 2.0, so smart contract, much DAO*".

* yeey, we can make companies without state provisioned governance, which is a great concept, but without any social precedent or theory behind it how it actually will solve: clear business plans, or expertise, and/or accountable management goals and/or actual PEOPLE who grab that fukin' hammer and hit nails, but that is okay, because... we can always opt out our DAO-ether for bitcoin  (except if we actually participate in a vote with YES/NO, cause than we are fucked)!"

The interesting parts will be available in bitcoin as well on any sidechains/LN solution in a few years, when the market in REAL LIFE actually want to start micro transactions to turn on water heaters for airbnb style renting.
 
This whole shared computing (other than unnecessary and technically unfeasible in scale btw..) and DAO concept is waaaay premature/unnecessary, like a baby born on -46 months. IT can not fix some physical problems like: how to network secure properly a guy digging a hole, and fixing that plumbing toilet waste. Oracle/Ghost that

TLDR; so even if the automated application running environment fueled by the token of ether provided by it's network in theory is nice, and interesting, it mutated into a wannabe bitcoin, without any of the elegant simplicity and scalability - by adding additional layers on it - of the Bitcoin network.