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

[adamstgBit]

i think we will close above 580.

We need that wyllie coyote meme, remember to be falling up through $280, then $380, then $480 and now $580...

hahahahahaha

What a good week in bitcoinlandia...!!!


And, actually, despite a few attempts at reversing our price direction, the past few months have been pretty decent.. ever since coming up from about $403 in late March-ish.

ahahah, fucking bears trolled us for 2 years! its time we troll'm back

[Assmaster2000]

^What is a lagging indicator?

lagging indicator or not, every time the google trend chart peaked like this, the price also went to an ATH.

thus it's reasonable to assume we will see a new ATH.

1. Flying saucer lands in Central Park.
2. Google Trends "flying saucer" through the roof.
3. ? ? ?
4. If you want to know next time Martians are coming to Central Park, watch Google Trends.

@adam, "bears" are not the opposite of hodlers, they don't "short no matter what." They need these pumps as much as anyone, without bull euphoria, nothing to short

[Fatman3001]

^What is a lagging indicator?

lagging indicator or not, every time the google trend chart peaked like this, the price also went to an ATH.

thus it's reasonable to assume we will see a new ATH.

1. Flying saucer lands in Central Park.
2. Google Trends "flying saucer" through the roof.
3. ? ? ?
4. If you want to know next time Martians are coming to Central Park, watch Google Trends.

If you're seriously hungover it might sort of work.

[JayJuanGee]

West should make their mind, they should make another push and not depend on China, right not OKCoin is forming a double-top and if we let China decide we will go down.

we can't simply not fallow china and leave a huge spread between USD/BTC and CNY/BTC.

furthermore, i dont expect a double top, there was a bump in the road that is all, we WILL close above 580 today.

buy    Buy    BUY!!!
or die.

Probably, it would be safer for the various investors in the exchanges to attempt to stay synchronized in their pump and dump, but yeah, there is always a bit of a lacking of coordination because there is an incentive to be the first to dump if the price reverses... or to be the first to pump and then sit back.

Isn't that a kind of prisoners dilemma with non-coordinated and self-interested actors?

[JayJuanGee]

At the moment, the sell wall is looking pretty flat on Stamp until we get to $600, and then there are about 200 coins at $600  and then again flat.   

I understand that the order book is not a complete indicator, but maybe, just maybe, this time, we are kind of running out of sellers at this price point, who may possibly attempt to jump back in the mid-$600s or some other higher price point, if it appears that the price is just continuing upwards...?

I cannot really imagine going passed $800 without some kind of significant price correction, but never say never in bitcoinlandia.. when it frequently overshoots expectations.

[zimmah]

^What is a lagging indicator?

lagging indicator or not, every time the google trend chart peaked like this, the price also went to an ATH.

thus it's reasonable to assume we will see a new ATH.

we see interest peek Before we see price move higher, which makes perfect sence, everyone first learns about bitcoin seaches up on it and THEN buys...

so that google chart is said to be a lagging indicator.

that would be a leading indicator than

I'm fairly sure it's both lagging and leading. It's self-reinforcing.

[zimmah]

^What is a lagging indicator?

lagging indicator or not, every time the google trend chart peaked like this, the price also went to an ATH.

thus it's reasonable to assume we will see a new ATH.

1. Flying saucer lands in Central Park.
2. Google Trends "flying saucer" through the roof.
3. ? ? ?
4. If you want to know next time Martians are coming to Central Park, watch Google Trends.

@adam, "bears" are not the opposite of hodlers, they don't "short no matter what." They need these pumps as much as anyone, without bull euphoria, nothing to short

apples and oranges.


1. bitcoin price rises a bit.
2. people get more interested in bitcoin (google searches go up)
3. more people buy, because they learned about bitcoin after searching for it
4. price goes up, because increased demand
5. repeat.

it's a self-reinforcing indicator, that both leads and laggs. Only when the new demand can no longer keep up with the increased price (which will cause a surge of supply, as more people will sell for higher prices), the price will drop, and people will lose interest.

[dumbfbrankings]

Revolt against Bitmain? LOL. Right, who else is producing mining hardware these days? Remind me? Spoondolies? KNC? Hmmmmmm?

1) 21
2) Bitfury
3) Avalon [pffff... go ahead, try to compete with Bitmain with Avalon gear]

OR

AMD/ATI
NVIDIA

If we needed to. It would certainly solve many of our problems by switching algo's and better to do it now than later.

Ok, so you and Luke will, to quote "HDbuck & The Nasty Bunch", "fork off"? Good riddance!

[adamstgBit]

[spike420211]

furthermore, i dont expect a double top, there was a bump in the road that is all, we WILL close above 580 today.

buy    Buy    BUY!!!
or die.

Would in help if I bought @ 537, and hafta wait until end of day 6/7 to recieve it? [fucking Coinbase! But they always honor strike price...]
Was sposed to be a poker reload, but my poker bankroll made a comeback!

[Assmaster2000]

^What is a lagging indicator?

lagging indicator or not, every time the google trend chart peaked like this, the price also went to an ATH.

thus it's reasonable to assume we will see a new ATH.

1. Flying saucer lands in Central Park.
2. Google Trends "flying saucer" through the roof.
3. ? ? ?
4. If you want to know next time Martians are coming to Central Park, watch Google Trends.

@adam, "bears" are not the opposite of hodlers, they don't "short no matter what." They need these pumps as much as anyone, without bull euphoria, nothing to short

apples and oranges.


1. bitcoin price rises a bit.
2. people get more interested in bitcoin (google searches go up)
3. goto 1
3. more people buy, because they learned about bitcoin after searching for it
4. price goes up, because increased demand
5. repeat.
4. Infinity!!1!

Tho it ain't.



Say goodbye to your chooch, bitchaz!

[Ted E. Bare]

Attack on 580. Let's go!

[JayJuanGee]

I'm surprised about how synchronized the prices remain for all the exchanges, and it seems to be a good sign, because they are all following each other, rather than running the risk of one exchange leading and then dumping on everyone else.

[Torque]

I think a few years ago, you can find a post in this thread from me saying something like "well wake me up when we get back to 600" or some such.

Well...

[Riddikulo]

Attack on 580. Let's go!

Take it easy. We need a steady grow, not just a big pump and dump.

[spooderman]

flashing green lights )))))))

[yefi]

We need that wyllie coyote meme, remember to be falling up through $280, then $380, then $480 and now $580...

hahahahahaha

There's an episode called Beep Prepared, where Wile. E gets blasted off to the moon, which could be used/incorporated.

[Assmaster2000]

Considerate Rupert helps Honey Badger
       dig his own fucking grave

[600watt]

this time it´s different.

[Yakamoto]

Based on some of the market averages, I think we might be watching a steady rise until we cross $580, and we might go further than that from there, no guarantees though.

Looks like a lot of investors are realising there is a fair amount of money being moved around, and they might want their own piece of the pie. Prepare for the markets to start getting interesting.