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

[strawbs]

so what ? are we going to back again $500 or digging more $400s ?

we are told that price will spike after halving.  

The recent rise in price over the last few months may well have been due to the approaching halving (who knows?).  If so, it was probably already factored into the price. The chances of halving having a positive impact on the price of BTC at the moment that halving happens, or immediately afterwards, is wishful nonsense (of course, long term impact is different).

Imagine that a company announces on 1st January that it is due to sign an incredibly lucrative contract on 9th July.  The company's share value will not wait until 9th July to suddenly spike.  It will begin to climb from the announcement onwards and will be factored into the share price well before that date. It may well peak a month before the contract is signed.  It may then even experience a sell off if investors believe that the share price has become over-inflated. If the contract proves to be as lucrative as hoped over the next few months/years, then the price will likely continue on a steady rise.

Pumps and dumps aside, of course, I suspect the same of BTC: a price rise prior to halving, followed by a steady rise as people see the benefits of BTC.

so you are saying that, halving is already priced in the last 6 months. but long term effect will continue.

Yes, that's my take on it. But this is Bitcoin and anything could happen.

[toknormal]

Halving being priced out.

I wonder what effect "actual halving" will have (as opposed to speculative halving).

[DaRude]

Halving being priced out.

I wonder what effect "actual halving" will have (as opposed to speculative halving).

Come back in 2 months, considering the state of current economy most likely creeping up after we settle this mess of speculations

[Torque]

[zimmah]

Halving being priced out.

I wonder what effect "actual halving" will have (as opposed to speculative halving).

if the first halving is any indication, we should see a large price rise in a few months.

which makes sense, because miners need to cover the same expenses with less bitcoin. Ergo, to keep the profit, they need to sell their bitcoin for more value.

[savetherainforest]

Halving being priced out.

I wonder what effect "actual halving" will have (as opposed to speculative halving).

It will cause bears to have psychotic breaks each time they hear the word "short" & "down" and also they are making eye-mouth glitches!




Here ... have a pokemon!!!

[bobmarley650]

610 on btc-e

[tailor]

Ergo, to keep the profit, they need to sell their bitcoin for more value.

Just because it costs more to produce something doesn't automatically mean buyers are willing to pay more. Imagine the price of anything else if the seller was the sole determiner of "value".

[Elwar]

Ergo, to keep the profit, they need to sell their bitcoin for more value.

Just because it costs more to produce something doesn't automatically mean buyers are willing to pay more. Imagine the price of anything else if the seller was the sole determiner of "value".

True. Like houses. No correlation to lot price plus cost of building.

[tailor]

Ergo, to keep the profit, they need to sell their bitcoin for more value.

Just because it costs more to produce something doesn't automatically mean buyers are willing to pay more. Imagine the price of anything else if the seller was the sole determiner of "value".

True. Like houses. No correlation to lot price plus cost of building.

Right: housing prices may rise, but builders also stop building when buyers aren't willing to cover costs. Both sides adjust to their own perceived value. One side doesn't unilaterally set price.

[TReano]

so it's going also to be the price halving. 

[Gillette]

Get ready guys btc will go slowly downup to $5000 the next weeks/months.

ftfy

$ 621 and unfortunately it`s not the bottom!

[aminorex]

Whats the general short thesis?  EU http://europa.eu/rapid/press-release_IP-16-2380_en.htm ?

[var53]

Whats the general short thesis?  EU http://europa.eu/rapid/press-release_IP-16-2380_en.htm ?

That's old news from 5 July. They aren't proposing massive changes, and most of what they propose isn't related to Bitcoin. If they do anything it will take years to put the legislation in place, and the end result would be slightly reducing the withdrawal limits for anonymous unregistered Bitcoin debit cards.

I don't think that news led to this dump, it's just whales buying and dumping massive amounts of Bitcoins to fleece money out of the traders.

[aminorex]

Regardless, looks like the intraday bottom is in.

[dumbfbrankings]

Not good for those still believing in bitcoin. It has clearly collapsed and will continue to do so based on these confirmed datas.

LOL Look who's back, a voice from the past.

Speaking as one with the wisdom of the ages, I assure you.

 

[var53]

Whats the general short thesis?  EU http://europa.eu/rapid/press-release_IP-16-2380_en.htm ?

That's old news from 5 July. They aren't proposing massive changes, and most of what they propose isn't related to Bitcoin. If they do anything it will take years to put the legislation in place, and the end result would be slightly reducing the withdrawal limits for anonymous unregistered Bitcoin debit cards.

I don't think that news led to this dump, it's just whales buying and dumping massive amounts of Bitcoins to fleece money out of the traders.

I dunno. They just shut down Coinbase in Germany. https://bitcointalk.org/index.php?topic=1541987.0
Maybe it's just a Coinbase thing tho, because they also just dropped Canada https://bitcointalk.org/index.php?topic=1542247.msg15504900

That thread suggests coinbase was operating without a license in Germany. Bitstamp has a license passportable into the 28 EU member states, so the Germans can switch to buying from bitstamp.

Bitstamp’s license is passportable into the 28 EU member states providing all European customers with a robust, secure platform for bitcoin trading.

https://www.bitstamp.net/article/bitstamp-first-nationally-licensed-btc-exchange/

[willope]

454 blks left.

416 BTCitcoin Blocks left!

392 blocks left.

355BTC blocks left!!

Prepare your bear burn .gifs!!! We gonna burn them all!!!

294BTCitcoin blocks left!!!    

*Edit: I feel like I am counting down the Apocalypse! 

266 blocks left tho the end of bitcoin HAHAHAHAHA

[savetherainforest]

tho the end of bitcoin HAHAHAHAHA

People haven't figured out... the sheep'el ... that till 2050+ we will have to deal with just what we have now and another 5,2 million coins ... and 20,5 million coins till 2100+ ... and I can bet money that at least 5% of all bitcoin will be lost forever due to stupid reasons! .. so you can say bye! bye! to at least 1 million of those 20,5 million if you get till 2100.... so basically 19,5 million till 2100.... 19,1 till 2030+ .... 18,5 till 2024 ... I for one I assume at least 0.25 million coins have been lost till now already ... and probably that 1 million from Satoshi off the books... We can just make a safe assumption that we are legit between now and 2018 with just 14.5 - 16.5 million coins at our disposal.

*Edit: Is there a way to recover lost bitcoin? ... Like mine it again if it becomes inactive after 50 years or some sh!t like that???

[lemmyK]

Its not look good...   and all sleep.