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

[DaRude]

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

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[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.

[BitUsher]

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.

No , I predict 2-3 k the first bubble , than a crash down to 1200-1500USD with the second bubble taking bitcoin to around ~9100 before it crashes again to 4-5k.

Prepare for a rollercoaster, and at least one exchange to pop* with these extremes.

*- Due to fractional reserve trading or theft

[DonQuijote]

Huobi telemetry lost...

okcoin works fine

[toknormal]

It might not be a bad idea to check Twitter's growth profile for precedents.

[yefi]

Ha ha, someone should have told lambie about the slaughterhouse. 

[marcus_of_augustus]

It might not be a bad idea to check Twitter's growth profile for precedents.

... maybe linkedin growth or similar might be closer match for the demographic.

I read that majority of bitcoiners are male, 24-45, technical, earning average >$125k ... if just the technocracy checks its wealth/energy out of the fiat system it will crap itself.

[savetherainforest]

Ha ha, someone should have told lambie about the slaughterhouse.  

I have eaten delicacies made out of horse meat!.. Its delicious! ... but sheep/lamb meat works too!

[SomaliRebel]

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

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

Ha ha, someone should have told lambie about the slaughterhouse.  

I have eaten delicacies made out of horse meat!.. Its delicious! ... but sheep/lamb meat works too!

Am not really a zebra. Can confirm.

http://s33.postimg.org/gtouf100f/wishzebradumpster.jpg

[toknormal]

Earwig Low.

Hobular's off on another tear. Could do with the market just going bid only.


760 BTC wall....munched in a single trade.

120 BTC wall...munched.

68 BTC wall...munched.

[DaRude]

Ha ha, someone should have told lambie about the slaughterhouse. 

Nah we just told him/her that there were a lot of noobs to troll so he ran into that slaughterhouse in front of everyone else

[BitUsher]

Earwig Low.

Hobular's off on another tear. Could do with the market just going bid only.


760 BTC wall....munched in a single trade.

120 BTC wall...munched.

68 BTC wall...munched.

https://www.youtube.com/watch?v=YtYdjbpBk6A

"Mr. Gorbachev tear down this wall."

[toknormal]

We're exactly where we were yesterday except with a 6 in front of the price instead of a 5.

[JimboToronto]

Well well well. A very early but extremely good morning Bitcoinland. Woke up to empty my bladder and just had to check the prices.

I see we not only didn't get either the deep correction nor the stuck-at-$630 I was fearing at bedtime, but the rally seems to be continuing full throttle.



Now we're over $650 and I don't want to go back to bed. Exciting times.

Time to put away my waiting-for-the-train image. Seems the Cannonball Express may be rolling again.

Currently 832CAD.

[savetherainforest]

Chinese with their superstitions ... it got stuck at 4444! ... r u f'ing serious?

[toknormal]

Woke up to empty my bladder and just had to check the prices.

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