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

[J4mie]

I tipped a friend who works at the biggest Dutch tech-website (90 million pageviews per month), and they published an article:

http://tweakers.net/nieuws/112383/totale-waarde-van-bitcoins-overschrijdt-grens-van-tien-miljard-dollar.html

 

nice 

[kurious]

Having a dayjob with reporting MAGA being a racist, offensive, spamming fuck.

OT look, its up

go back to reddit cuck boy

Somebody ban this guy already

+1

Sickening.

[savetherainforest]

I tipped a friend who works at the biggest Dutch tech-website (90 million pageviews per month), and they published an article:

http://tweakers.net/nieuws/112383/totale-waarde-van-bitcoins-overschrijdt-grens-van-tien-miljard-dollar.html

 

Good job!

Also I think that till the year 2100, at least 1 million out of 21 million coins will be lost and never found!

So we will probably have to deal with a max number of 18-19 million coins for the next 50 years at least.

[LFC_Bitcoin]

Why is ETH still a thing?

It isn't.

We only think about it because of all the shill/WUM posts we see about it here.

[DeathAngel]

I can't believe the price action over the last few days, it's almost ridiculous (in a good way, obviously).
How much longer can this continue

[pariahbit]

Why is ETH still a thing?

It isn't.

We only think about it because of all the shill/WUM posts we see about it here.

What's the TLA for "ALL-TIME HIGH"?
http://s31.postimg.org/gryqgh2mz/Capture.jpg
http://s31.postimg.org/ygqh83ee3/1412545914187.png

[marcus_of_augustus]

I can't believe the price action over the last few days, it's almost ridiculous (in a good way, obviously).
How much longer can this continue

... on past experience of these breakout moves to new uncharted territory they can last 4-6 weeks ... I'm figuring we're about 2-3 weeks in. You''ll be totally exhausted by the end of it if it is a real one.

[marcus_of_augustus]

I see the parasite pests are back out shilling their toxic fiat-wannabe slops ... who's got the varmit gun?

Take it to the Altcoin section with the rest of the desperate pretenders.

[toknormal]

Ethereum's gain (against $USD) is because people are buying BTC, not Ether.

[toknormal]

Superb Reggie Middleton explanation:

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

Reggie Middleton predicts banks demise (in a polite way):

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

[Frost]

I am deep into both, Ethereum and Bitcoin... couldn't care less if someone hates Bitcoin or Ethereum. Love them both  

[toknormal]

I am deep into both, Ethereum and Bitcoin... couldn't care less if someone hates Bitcoin or Ethereum. Love them both  

I'm into both too.

But I've got clear in my mind why. They are different markets with different objectives. Ones gold and the other's lego. Both are can be valuable but for different reasons.

[pariahbit]

Why is ETH still a thing?

It isn't.

We only think about it because of all the shill/WUM posts we see about it here.

What's the TLA for "ALL-TIME HIGH"?
http://s31.postimg.org/gryqgh2mz/Capture.jpg
http://s31.postimg.org/ygqh83ee3/1412545914187.png

@toknormal
>Ethereum's gain (against $USD) is because people are buying BTC, not Ether.
Lol, so much rage and denial...
Life doesn't work that way, that's just stupid. There's absolutely no hope for you.

>volume on BFX lower.
That's because ETH market cap is lower ($1,335,143,924 vs. $10,767,115,121; 1/8), and BFX is not where people trade ETH. 24hr volume is $ 40,499,200, vs. BTC's 240,905,000; 1/6. Relative market volume is higher.

@marcus_of_augustus, there's no need to be upset. You also made a little money in the past 24 hrs. Only half as much as you would have by investing in ETH, but there's more to life than making money

[Tzupy]

Within an hour we should know if the Chinese can pump one more time, or we crash directly.

[Frost]

Within an hour we should know if the Chinese can pump one more time, or we crash directly.

The game is not over yet.... new ATH by the end of the month.

[DeathAngel]

Within an hour we should know if the Chinese can pump one more time, or we crash directly.

Or we could do nothing & go sideways in a 660 - 700 range for a while

[toknormal]

Relative market volume is higher.

If you want to invent metrics to suit your case and use "relative market volume" as a measure then I think you'll find you got blown away by YB Coin which had 32 times more "Relative market volume" than Ethereum  

[oda.krell]

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.

Agreed with most of the post/explanation, just the last paragraph makes it sound like a binary case, when in reality, it's more likely to be graded. Some aim to accumulate on one time span, but in order to do so, aim to maximize fiat on another, just as an example. Still, the binary simplification is perhaps necessary as a simplification necessary to describe/conceptualize the situation, for practical purposes.

[podyx]

Cmon, let's see that 700+

[elux]

I tipped a friend who works at the biggest Dutch tech-website (90 million pageviews per month), and they published an article:

http://tweakers.net/nieuws/112383/totale-waarde-van-bitcoins-overschrijdt-grens-van-tien-miljard-dollar.html

 

Sweet!