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

[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...

[DaRude]

IS whoboi down? IS this what's causing this slow down? Was expecting 700 by now

[DaRude]

Huobi telemetry lost...

Froze at 666.08 on me

[Alley]

Bitcoin has been undervalued for a while now.  True market cap should be at least 100 billion.

[rtrtcrypto]

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.

So 7x now then 7x off of that, LOL. Even starting at a price of $200 that would be (200*7)7 = $9,800

7x from where we are now followed by 7x = $31k

I sure dream that you are right.

[hv_]

>750 <72hours  

I hope not.

People will get rekt on this, way worse than last time. Or the time before that.

There are going to be people who watch this with disbelief, and then when it just keeps going they will finally decide to jump on board once the price reaches 10,000.

and then when it drops to like 2 or 3k, they will be gutted , they will lose all hope and belief. they will sell everything at the bottom .

 (just like last time after the 2013 pump to 266 and then back down to 50.)

When the reality kicks in and it goes from 3k to 32k they will have already written this off as a scam, and they will blame you (me?) for their missed opportunity.

Friends don't tell friends about bitcoin.

I probably agree with this. I told someone to get in when it was at $600 on the way down. Luckily they didn't buy. But now it's passing $600 on the way up in a long term trend reversal so it's a bit safer.

Also, we are in a less speculative market than 2013. It's clear now that bitcoin isn't going to zero. (At least as clear as reasonably could be in the investment world). There was always general consensus that it would either go to zero or infinity since the coins were in limited supply. Looks like the latter to me.

 • We still have actual halving to come.

 • We also have a capacity jump from 2.3 TPS to 100,000 TPS.

 • We also have a whole pile of VC funded projects baking in the oven that are going to result in who-knows what massive advances in the viability of industrial use-cases for cryptocurrencies.

 • We also have Brexit, Grexit, Spexit and Frexit.

 • We also have gold bugs discovering that their "stack" is not tradeable in limited supply form and not limited supply in its tradeable form.

 • We also have Dollar collapse, Abenomics lapse, Debt limit gaps and Batwoman straps once Mrs Lagaarde slaps the Special Drawing Rights currency on the world economy as the mandatory international reserve.

 • Plenty of fundamentals floating around to cushion any big cash-outs I'd say  

Yes good comprehension
Missing that Japan is back and India awakes trying to keep up the Chinese dominance.

Thinking all about the 21 - 1 mio BTC.

[yefi]

But how do we know its truly fake? Do we?
I mean. It makes sense if that much volume is traded to assume most is fake, but what if its not and the Chinese are going mad for bitcoin.

The real volume could be considerable (OKCoin does a fair bit of fee-paying USD volume), but is unknowable due to the zero-fees wash trading as TERA pointed out.