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

[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.

[adamstgBit]

pathic resistance.

[glendall]

Just bought back in myself.

Just looking at how little BTC is even on the books to sell at the moment, on my current exchange, okcoin, and I'm feeling pretty bullish. Yeah buying at a 2 year ATH sounds really dumb, but this is bitcoin we are talking about, logic doesn't apply!

[marcus_of_augustus]

it looks like they are just hanging in there ... they let these bull runs happen at the weekends to relieve some pressure when new fiat cannot get into the exchanges to send it rocketing, then save up their dumpage for a monday-tuesday dumpathon ... but it's all looking quite desperate, at some point they will run out of idiots to borrow coins from and then the market can find the monetary premium instead of bouncing along on the cost-of-production floor (which is ever-increasing and soon to be doubling anyway)

[Chalkbot]

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!

They don't always honor strike price. I know from experience that if the price moves against them, they will charge you for it or cancel your order.

[Adrian-x]

it looks like they are just hanging in there ... they let these bull runs happen at the weekends to relieve some pressure when new fiat cannot get into the exchanges to send it rocketing, then save up their dumpage for a monday-tuesday dumpathon ... but it's all looking quite desperate, at some point they will run out of idiots to borrow coins from and then the market can find the monetary premium instead of bouncing along on the cost-of-production floor (which is ever-increasing and soon to be doubling anyway)

I don't think its leveraged coins being dumped, But I do think when the tide turns it's fiat from these dumps (and a touch of FoMO) that are going to push bitcoin higher than it's ever gone before. Gmax panic attack yesterday gave some new hope to Core increasing the on chain block limit.

edit: there is also a lot of dark pool trading happening in bitcoin that's a big lot of coin that isn't hitting exchanges, I'd guess it's largely responsible for the long period of price stability. I'm also guessing those off exchange block trades are drying up now as some early adopters are running low on coin.

[conspirosphere.tk]

at some point they will run out of idiots to borrow coins from and then the market can find the monetary premium instead of bouncing along on the cost-of-production floor (which is ever-increasing and soon to be doubling anyway)

in fact I find strange the many thousands of coins lent out on BFX at a rate always <0.00X%.
Don't these lenders think if they are sabotaging themselves lending at so low rates to shorters against their coins value?

I stopped lending when rates on Polo went below 0.04%/day.