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

[toknormal]

Can't hold that Huobi down. It's got hold of an anti-gravity device.

[Spaceman_Spiff]

Stores worldwide are running out of popcorn...

[Oblodo]

[toknormal]

The 1-Week candles are now into December 2013 territory.

There's been nothing like it since then.

[adamstgBit]

Stores worldwide are running out of popcorn...

we'll need more popcorn, buy all the popcorncoin!

[nioc]

The 1-Week candles are now into December 2013 territory.

There's been nothing like it since then.

I was just looking at that.  3 straight weeks of green dildos 2 of which are very nice  

[spooderman]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

[2015Bubble]

Bulls be like

[adamstgBit]

>720$ <48hours

[BlindMayorBitcorn]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

[criptix]

I took the first option in the poll, just saying LOL

Btw its called FOMO!

[Spaceman_Spiff]

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

Absolutely, these are the people buying in now.

[toknormal]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

No - there aren't but you've got to remember that only a minority are buy to hold.

Most markets are driven by traders constantly cashing out and in. The same people that were in the market at $300 won't be those same participants at another price. Some people are maximising fiat, others are maximising BTC. If you're a "fiat accumulator" then you cash out at every small top and back in at the dips. So the volume is from the same traders entering and exiting again and again.

Many will have joined at $300 and exited at $350 for example. Thousands of others in at $500 and out at $600 and everything in between.

You also can't tell who's gaining and who's losing because a fiat accumulator will take one side of the trade and a BTC accumulator the other side of the trade where one trader measures their gains in fiat and doesn't care how much bitcoin they hold, the other in bitcoin and doesn't care how much fiat they hold.

[spooderman]

Bulls be like

can confirm.

this is exactly what i be like.

[Trouble821]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

[hd060053]

it is gettinge interesting my friends 

http://www.zerohedge.com/news/2016-06-12/it-begins-one-european-bank-fails-another-one-needs-urgent-cash-injection

[BlindMayorBitcorn]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

I can pretty safely say I'll never buy a $10,000 bitcoin. Just sayin'.

[AZwarel]

This whole Saturday night till this moment is no surprise for anyone who followed last weekend rallies, studied fundamentals (like the LN https://lightning.network/ solution for scaling, which uses BTC as the native token), or all the other things mentioned before (Brexit, Whateveralphabetexit, TheHalvening http://www.thehalvening.com/, or read this one https://medium.com/@beautyon_/why-central-banks-will-fail-at-digital-currency-2a0f47e827cb#.m9ecvpav0.

As a scientist, i am so bullish THIS time, that i am 95%+ in bitcoin. This is (has to be actually) going to be like 2013 November all over again, but with a basis of $400, instead of $125.

Poor "average Joes", going to be so envy/angry/confused/FOMOed at me for having a few whole 1.0 bitcoins :-)

[JayJuanGee]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

I can pretty safely say I'll never buy a $10,000 bitcoin. Just sayin'.

Quoted for posterity...



Never say never.

[Trouble821]

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

I can pretty safely say I'll never buy a $10,000 bitcoin. Just sayin'.

if you sell at 50000 and it crashes back down to 10000 are you sure you won't buy back in? It would be tempting to get all your Bitcoins back for a fifth of the money you sold them for. The profits would pay for lambos, etc.