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

[podyx]

Looking at the chart, it looks like a somewhat significant correction may be due. $550-580 maybe.
I'm not risking it though.

[savetherainforest]

Bitcoin is a favorite cryptocurrency to Hodor, he always holdddddd

Well .. that was cruel...  ... I like it!

[DaRude]

For what it's worth I think we all owe him/her a thanks. S/he helped buy those cheap coins for as long as he/she/it could

[600watt]

we all knew something was brewing, considering the amount of fud and hate and trolling and alt-shilling in the last two weeks.

[ImI]

For what it's worth I think we all owe him/her a thanks. S/he helped buy those cheap coins for as long as he/she/it could

that shouldnt be missing in this incident:

[ImI]

we all knew something was brewing, considering the amount of fud and hate and trolling and alt-shilling in the last two weeks.

I remember lots and lots of folks proclaimed that the Halvening is already priced in as it is a known event.

[BitUsher]

This is a bit too volatile , and unhealthy growth. I hate to see what will happen with mainstream adoption... shudders...

Still very little news and press coverage outside of our circles -

https://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=date&tz=Etc%2FGMT%2B6

Very few mainstream interest. We are still obscure and are seeing a very small percentage of 1.4 billion Chinese shore up the price due to increased need for capital flight.

When we pass 1100 USD , and the press starts covering this expect much higher volatility.

[hdbuck]

we all knew something was brewing, considering the amount of fud and hate and trolling and alt-shilling in the last two weeks.

there is nothing better than green candles to shun those trolls.

lampchop its time for you to terminate yourself.

[BlindMayorBitcorn]

This is a bit too volatile , and unhealthy growth. I hate to see what will happen with mainstream adoption... shudders...

Still very little news and press coverage outside of our circles -

https://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=date&tz=Etc%2FGMT%2B6

Very few mainstream interest. We are still obscure and are seeing a very small percentage of 1.4 billion Chinese shore up the price due to increased need for capital flight.

When we pass 1100 USD , and the press starts covering this expect much higher volatility.

It would have been nice to get this attention in any other context.  WikiLeaks China has kicked the hornet's nest, and the swarm is headed towards us.

[Atdhe]

we all knew something was brewing, considering the amount of fud and hate and trolling and alt-shilling in the last two weeks.

I remember lots and lots of folks proclaimed that the Halvening is already priced in as it is a known event.

Yes, that was very funny.

[Spaceman_Spiff]

This is a bit too volatile , and unhealthy growth. I hate to see what will happen with mainstream adoption... shudders...

Still very little news and press coverage outside of our circles -

https://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=date&tz=Etc%2FGMT%2B6

Very few mainstream interest. We are still obscure and are seeing a very small percentage of 1.4 billion Chinese shore up the price due to increased need for capital flight.

When we pass 1100 USD , and the press starts covering this expect much higher volatility.

Always a good sign when bulls worry about the price increasing too fast 

[BlindMayorBitcorn]

This is a bit too volatile , and unhealthy growth. I hate to see what will happen with mainstream adoption... shudders...

Still very little news and press coverage outside of our circles -

https://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=date&tz=Etc%2FGMT%2B6

Very few mainstream interest. We are still obscure and are seeing a very small percentage of 1.4 billion Chinese shore up the price due to increased need for capital flight.

When we pass 1100 USD , and the press starts covering this expect much higher volatility.

Always a good sign when bulls worry about the price increasing too fast 

[toknormal]

This is a bit too volatile , and unhealthy growth. I hate to see what will happen with mainstream adoption... shudders...

That depends on where it's headed.

If we're about to break the ATH and headed for the next stop of $6000 per BTC then $50 a day is not unhealthy but normal. Also, if you actually sit down and do a valuation for a limited supply world currency then $10B marketcap is kind of peanuts so it's difficult to see how it could possibly grow without massive fits, starts and volatility like a fully grown albatross starting to burst out of its shell.

[BitUsher]

This bubble we don't have willibot and almost no press coverage unlike late 2013.

https://www.google.com/search?q=bitcoin&ie=utf-8&oe=utf-8&client=firefox-b#q=bitcoin&safe=off&tbm=nws&tbs=qdr:w

All the news is coming from bitcoin journalists and on bitcoin sites that have extremely low traffic and are preaching to the choir. Mainstream journalists are still hyping the "blockchain" and "DLTs" and we are still seeing bitcoin hit pieces despite the bull run .  

This price drive is pricing in the halving from existing users in our ecosystem and we haven't even begun to bring in many outsiders. Journalists will be forced to cover bitcoin when we reach 1100-1200 and than those that forgot about us and assumed we were dead as promised will cause another wave of price surges. Unfortunately, this means another bubble and crash or perhaps , more likely 2 bubbles instead of sustained growth.

We need to educate new users to withdraw their bitcoins and secure them themselves because I could see 1-2 more exchanges fail again because of these bubbles.

[Denker]

This is so lovely guys!!
Bitcoin and Litecoin are the winners of the day so far!
China keeps on pumping up our baby!

[toknormal]

Lets look at the big picture, complete with 1-Week MACD momentum indicator.

Looks perfectly healthy to me.

That breakout is heading somewhere significant that may put the 2013 spike into a different perspective  

Always remember:

Gold is not tradeable in its limited-supply form and not limited supply in its tradeable form. Bitcoin has these two properties co-incident. Once that fact starts dawning on people it will add to the self-sustaining nature of the growth.

[molecular]

we all knew something was brewing, considering the amount of fud and hate and trolling and alt-shilling in the last two weeks.

I remember lots and lots of folks proclaimed that the Halvening is already priced in as it is a known event.

it is...

this is the quartering getting priced in

(the beginning of it)

[SomaliRebel]

http://s33.postimg.org/cyug5adxr/raraanim.gif

http://i65.tinypic.com/j64f3t.jpg

For what it's worth I think we all owe him/her a thanks. S/he helped buy those cheap coins for as long as he/she/it could

that shouldnt be missing in this incident:

http://s3.postimg.org/ob0t2hydf/wileec1.gif

Yeah. A sad day in Eqestria. It's OK tho, because

http://s33.postimg.org/e4ds27827/animsex.gif

And, as this pump packs up & implodes, my laughter is going to be just a teeny bit merrier & less morally ambiguous

[BitUsher]

I'm not cashing out anytime due to being aggressively long , but those looking to take profits should heed that it is our community driving the price and not outsiders from the evidence presented. They should wait till the press enters the hype cycle to pump up bitcoin and bring in new users during the end of this bubble or a second bubble for maximum returns.

All bubbles have been decreasing in volatility as a general trend but this may break that trend .*

*-- Personally, I predict only a 7.5-8x bubble this time around holding to the rule of less volatility with time, but expect a second bubble of 7-7.5x in 3-8 months after the first when a large correction is made.(just like in 2013).

We need to prepare for 1-2 large exchanges failing as well. Start educating users early.

[toknormal]

Huobi telemetry lost...