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

[DaRude]

Did OkCoin just go down to 4300 while whoboi is at 4400? I'll never understand asian ways

[toknormal]

Hobular in suspended animation prior to dumpfest.

Thats all folks ! Come back next week for the next installment 

[Paashaas]

Bitcoin reached 10B market cap today, the media will go crazy next week.

Lots of people will be getting very nervous.

[JimboToronto]

Was that it? The inevitable breaking-$650 correction/profit-taking only went down to $639?

It's already halfway back up.

[o_o]

Only God know what will happen  But I guess that there will be a correction during this days, maybe to 640-650 and then where will be a new rise !

[Elwar]

I don't think the $666 number will hold as much as in the past due to this being lead so much by the Chinese. It might struggle to hold there briefly but after that, sky's the limit.

[elite3000]

I noticed that Hobi's price is gravitating near $666, last time I checked price was $666.66...

Is it a sign?

[JimboToronto]

I noticed that Hobi's price is gravitating near $666, last time I checked price was $666.66...

Is it a sign?

No, I think 4444 means more.

[Jord33]

I don't think the $666 number will hold as much as in the past due to this being lead so much by the Chinese. It might struggle to hold there briefly but after that, sky's the limit.

What's so special about it reaching $666? Apart from it being the number of satan, is there any other significance in this?

[d5000]

I have voted for >700 at the poll. I expect the price at June 30 in the mid-to-high 700s. It may reach 800, but I'm not sure about that.

Short term I expect a very small correction now. Prices may go to $620 as a minimum, but I don't expect much less than that. I don't think we'll see sub-600 prices the next week.

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

Although I'm getting slightly bearish now, it's only for the short term. I expect the mid-term cryptocurrency market at that 100 billion you are predicting. That would be the consequence if cryptos can conquer a significant market share of the remittance market.

But I expect this not to happen before 2018-20. And I also expect Bitcoin not to be the only big player then. In my opinion Bitcoin can reach 30-50 billion market cap as a maximum, and the rest will be for about 5 other cryptocurrencies (which they are, I don't know; I guess Ripple, Ethereum and Bitshares will be among them).

[adamstgBit]

side ways all day and then 666$ tonight?

charts look good technicals look strong, trend is up, alots of good news to look forward to, the news about bitcoin being usefull for X Y Z because of service A B C, is creating more active users all the time. see : https://purse.io/ and save 15-50% off amazon stuff! the trend will persist for months...

[Jord33]

side ways all day and then 666$ tonight?

charts look good technicals look strong, trend is up, alots of good news to look forward to, the news about bitcoin being usefull for X Y Z because of service A B C, is creating more active users all the time. see : https://purse.io/ and save 15-50% off amazon stuff! the trend will persist for months...

It's inevitable, BTC will be the one world currency of the NWO, stored in a chip inside your brain or some shit.

[BitUsher]

https://www.reddit.com/r/Bitcoin/comments/4ni8tf/apparently_underbanking_here_in_brazil_created_a/

In modern-day Brazil, a huge part of the population still has no access to mainstream banking. Most of the population still has no access to credit cards for instance, which led to the creation of a special payment system around here. It's called the boleto bancário (or boleto for short) and it may be slowly and silently becoming a threat to monopolist banks very soon.

I don't know if you have a similar system where you live but I've never heard of something like this in the US so here we go. Here is how those work, basically: people buy stuff (mostly on the internet) and print a one-page document with a unique barcode. They can subsequently take the document or the code to a bank, an ATM, a lotérica (or one of the thousands of places here who accept such payments around here) and pay there with live cash. The payment is processed in 1-3 days and whatever you buy is sent like usual. If you don't pay, your order is just cancelled. You don't owe anyone anything in that case since nothing is being sent. No big deal.

The thing behind that system you're not actually paying the bank or the store directly - you are paying a independent correspondent (a frequently privately owned lotérica for instance) and as such those are free to take any payment method. And apparently you can now pay for those. Over the internet. With BTC.

Now let's put this into perspective. AliExpress, PayPal, MercadoPago (our "local PayPal"), PagSeguro (our second "local PayPal") and all major outlets take boleto today, because they wouldn't sell nearly as much if they didn't. (Mostly because people wouldn't be able to pay.)

So I just found out someone here created a service that allows you to type your barcode in and pay any boleto using Bitcoin. Directly over the internet.

Now, this is something much bigger than purse.io or whatever system you already have in the USA. I have never tried that website and therefore cannot endorse it or recommend it by any means but hell if it is legit this is really big mostly because there are no strangers (apart from the website which processes the payment of course) involved. You are basically selling Bitcoin for anything you want - even balance on Neteller for instance (yes, you can put money into your card using boleto here).

As of now, BTC is mostly unknown here and basically no one knows about that website. But no one knows what's coming next.

Underserved markets.

https://coin.dance/volume/localbitcoins/BRL

[adamstgBit]

I have voted for >700 at the poll. I expect the price at June 30 in the mid-to-high 700s. It may reach 800, but I'm not sure about that.

i voted <700, but 800 seems like an attainable target at this point... i think 800 would prove to have some formidable resistance tho... but resistance is futile in the long term.

Short term I expect a very small correction now. Prices may go to $620 as a minimum, but I don't expect much less than that. I don't think we'll see sub-600 prices the next week.

that dose seem likly.

Although I'm getting slightly bearish now, it's only for the short term. I expect the mid-term cryptocurrency market at that 100 billion you are predicting. That would be the consequence if cryptos can conquer a significant market share of the remittance market.

But I expect this not to happen before 2018-20. And I also expect Bitcoin not to be the only big player then. In my opinion Bitcoin can reach 30-50 billion market cap as a maximum, and the rest will be for about 5 other cryptocurrencies (which they are, I don't know; I guess Ripple, Ethereum and Bitshares will be among them).

i think inevitably bitcoin is targeting a trillion dollar market cap.
and...
its likly bitcoin will hit a 100billion market cap before it hits 1/2 a trillion

[Karartma1]

the next 24 hours are absolutely Critical absolutely

I heard this over and over again.  Please stop saying that.
It is , and will always be critical.
Enjoy this moment if you have BTC, if you don't go buy some 

[adamstgBit]

market will do the smart thing and run to 800 asap. shorting in the 600's is like trying to catch a bag of fiat in flames and putting out the flames asap to save as much diary fiat as you can, not worth it, just hodl that shinny bitcoin.

[Elwar]

I don't think the $666 number will hold as much as in the past due to this being lead so much by the Chinese. It might struggle to hold there briefly but after that, sky's the limit.

What's so special about it reaching $666? Apart from it being the number of satan, is there any other significance in this?

Price stabilised there on the way up and down due to a small minority using it to make a point or for giggles. Other traders used that to their advantage one way or the other.
Volume will be too high for a small amount of people to be able to hold it very long unless the psychological significance is used by traders.

[toknormal]

market will do the smart thing and run to 800 asap. shorting in the 600's is like trying to catch a bag of fiat in flames and putting out the flames asap to save as much diary fiat as you can, not worth it, just hodl that shinny bitcoin.

Yeah. Looks like Hobular's got $700 in its sights now.

5 minute chart correction complete without a major dump. 15-minute on the backside of its curve. 1-hour chart's not even blinked yet.

[sadik7]

Good current market rate moving high to $644. 85

[SomaliRebel]

Ether only up 6.97%, just half as much as BTC.
http://s33.postimg.org/namwggea7/worstthing.jpg
This is the worst day of my life.