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

[2015Bubble]

Is it me or someone intentionally holding whoboi at $666?

Keeping it at 4375CNY or $666.66 cute 

[JayJuanGee]

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.

That could be correct regarding this thing seeming to move a bit quicker than it is going to be able to support...   Though going up to $800 or near $800 in this particular run may be good and then hovering between $600-ish and $800 for several weeks, could also be a good thing?

 I'm not sure whether we are quite ready for $3k to $5k, in this run, yet.  It seems that Bitcoin, the security technology, is ready for that price and probably could even support coins at $20k or more, but I am doubting whether we are either psychologically ready for $3k to $5k or if there would be a broad enough mass support in place or enough user-friendliness for much of the basic entry-level use cases at that price. 

Whether we go to $3k to $5k now in this run or in the next price upsurge that could likely occur within the next several months, either way, we are likely going to experiencing some correction after the point of getting into the $3k to $5k territory, into the mid-to-lower $1,000s... that's my current thinking, as I am watching this intensifying price action over the past several weeks.

[JayJuanGee]

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.

$6k? Next top will be between $5k and $49k (10^4 order of magnitude). To pretend to know more accurately then the 5k-49k range is fooling yourself.

It would be helpful to know the time-period for this... In 2016?  by 2017? 

I don't really have any major quibbles with your projection, except it seems a bit more bullish than my thinking... and maybe that is why I am not really fighting any of it.  Accordingly, I am in agreement that we could have a couple of 10x increases from this price point (or at least from the $360 to $460 price range), but there could be some fairly significant price corrections along the way, too, no?, so would the built in correction that is quite likely be part of the next top that you are suggesting? or are you suggesting that BTC prices are going to that $5k to $49k price point on this particular run (without any lengthy or meaningful price corrections)?

[JayJuanGee]

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:

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



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

yeah... you will be laughing your ass off when BTC prices implode from $4k to $1.8k.. It's gonna be quite the riot when BTC loses more than half of its value in such implosion, and sad for us that you will be laughing your ass off over our misfortunes.   

[ImI]

crazy, btc is still strong

[USB-S]

I don't know about you guys but I'm keeping my eyes on bitcoin.

[nioc]

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.

$6k? Next top will be between $5k and $49k (10^4 order of magnitude). To pretend to know more accurately then the 5k-49k range is fooling yourself.

It would be helpful to know the time-period for this... In 2016?  by 2017? 

I don't really have any major quibbles with your projection, except it seems a bit more bullish than my thinking... and maybe that is why I am not really fighting any of it.  Accordingly, I am in agreement that we could have a couple of 10x increases from this price point (or at least from the $360 to $460 price range), but there could be some fairly significant price corrections along the way, too, no?, so would the built in correction that is quite likely be part of the next top that you are suggesting? or are you suggesting that BTC prices are going to that $5k to $49k price point on this particular run (without any lengthy or meaningful price corrections)?

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.

That could be correct regarding this thing seeming to move a bit quicker than it is going to be able to support...   Though going up to $800 or near $800 in this particular run may be good and then hovering between $600-ish and $800 for several weeks, could also be a good thing?

 I'm not sure whether we are quite ready for $3k to $5k, in this run, yet.  It seems that Bitcoin, the security technology, is ready for that price and probably could even support coins at $20k or more, but I am doubting whether we are either psychologically ready for $3k to $5k or if there would be a broad enough mass support in place or enough user-friendliness for much of the basic entry-level use cases at that price. 

Whether we go to $3k to $5k now in this run or in the next price upsurge that could likely occur within the next several months, either way, we are likely going to experiencing some correction after the point of getting into the $3k to $5k territory, into the mid-to-lower $1,000s... that's my current thinking, as I am watching this intensifying price action over the past several weeks.

Cheap Coins!!

[gentlemand]

It seems that Bitcoin, the security technology, is ready for that price and probably could even support coins at $20k or more.

What's your definition of 'ready'? It was effectively no more or less secure at $200 something and nothing much has changed in terms of infrastructure since then.

[JayJuanGee]

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).

Wow!!!!!!


You seem to have been really brainwashed by this various alternative crypto promotion schemes. 

Yeah, many of those alternative cryptos have a lot of hype, but they are really lacking in meaningful substance that bitcoin has to offer, and that is immutable decentralization... hello?   None of the others really have that, even though they try to act like they do.  Don't be deceived.

There is some possibility that some cryptos will share some of the crypto market cap, maybe even up to 30%, but there is no real reason to believe, at this point that any of them or a combination will be exceeding that sharing of the space until they can demonstrate fundamentally that they are able to provide anywhere near the decentralized immutability that bitcoin currently offers built in.

[ynef]

Looks like a lot of people are starting to believe

[2015Bubble]

Going to 666 will get interested 

[JayJuanGee]

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.

We cannot really use Huobi or any of the other chinese exchanges (such as O.k. coin or BTCChina) as indicators regarding what is really going on, no?   I have my issues with Bitfinex too, but they seem to have been a bit more moderate in recent times, yet they also seem to be inclined towards exaggerated market performance, possibly due to some of the leveraged tradings (hopefully they are not employing fractional reserves, but you never know about that with any of these exchanges).

[Wolf Rainer]

I don't know about you guys but I'm keeping my eyes on bitcoin.

 

Someone knows what´s going on? Why the sudden pump?

[podyx]

Anyone who's never experienced a bubble before

[fallinglantern]

[2015Bubble]

[hd060053]

4444 broken on huobi, 666 is the big resistance on dollar exchanges

[TooDumbForBitcoin]

I don't know about you guys but I'm keeping my eyes on bitcoin.

Are those real?

[2015Bubble]

huobi going full mental again

[Ted E. Bare]

This is amazing hahaha.