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

[Elwar]

Nice to see a little bump in the price- been waiting for this for a month now. Let's see how far it goes, and if it'll hold... I'm pretty optimistic, if it holds where it is and doesn't go any lower, we've got some good times ahead. 700 wouldn't be too out of the picture, although I think something around 650 is more realistic. I could be wrong though

There was some downward pressure at $666 already before the Bitfinex thing. The drop to $570 was a bit of an extreme reaction so we are certainly correcting.

I think the small amount of downward pressure is likely being eaten up by the 2 months of halved rewards so high $600s is likely this month. Followed by months of rising that is faster than before the halving. Barring any huge news that jumps or drops the price.

[LFC_Bitcoin]

There was some downward pressure at $666 already before the Bitfinex thing. The drop to $570 was a bit of an extreme reaction so we are certainly correcting.

I think the small amount of downward pressure is likely being eaten up by the 2 months of halved rewards so high $600s is likely this month. Followed by months of rising that is faster than before the halving. Barring any huge news that jumps or drops the price.

Elwar do you think the effects of the halving will soon be taking place then? When I say that I mean a limited amount of coins on the market/exchanges which leads to a higher price?

All the price movement before/immediately after the halving was speculation, people panicking etc, trying to buy cheap coins.

What we should see now is a natural upwards price correction, maybe not as violently upwards but similar to what happened a month or three after the last halving.

[becoin]

Might be time to change to the other forum...

W/e i made good $$

We make good bitcoins here, not $.

[criptix]

Might be time to change to the other forum...

W/e i made good $$

We make good bitcoins here, not $.

You are right, i should have wrote bitcoins.

Why the heck cant you even mention the word altcoins(i didnt even say a specific coin) anymore.

[willope]

$666 tomorrow?
good old times

[Elwar]

There was some downward pressure at $666 already before the Bitfinex thing. The drop to $570 was a bit of an extreme reaction so we are certainly correcting.

I think the small amount of downward pressure is likely being eaten up by the 2 months of halved rewards so high $600s is likely this month. Followed by months of rising that is faster than before the halving. Barring any huge news that jumps or drops the price.

Elwar do you think the effects of the halving will soon be taking place then? When I say that I mean a limited amount of coins on the market/exchanges which leads to a higher price?

All the price movement before/immediately after the halving was speculation, people panicking etc, trying to buy cheap coins.

What we should see now is a natural upwards price correction, maybe not as violently upwards but similar to what happened a month or three after the last halving.

After the halving I think the average climb will be around $20 per month while the average climb per month from the last halving to this most recent one was about $13 per month.

$20 rise per month on average would not be bad at all.

[LFC_Bitcoin]

There was some downward pressure at $666 already before the Bitfinex thing. The drop to $570 was a bit of an extreme reaction so we are certainly correcting.

I think the small amount of downward pressure is likely being eaten up by the 2 months of halved rewards so high $600s is likely this month. Followed by months of rising that is faster than before the halving. Barring any huge news that jumps or drops the price.

Elwar do you think the effects of the halving will soon be taking place then? When I say that I mean a limited amount of coins on the market/exchanges which leads to a higher price?

All the price movement before/immediately after the halving was speculation, people panicking etc, trying to buy cheap coins.

What we should see now is a natural upwards price correction, maybe not as violently upwards but similar to what happened a month or three after the last halving.

After the halving I think the average climb will be around $20 per month while the average climb per month from the last halving to this most recent one was about $13 per month.

$20 rise per month on average would not be bad at all.

I'd definitely be happy if that bears fruition. $20 per month is probably sustsinable too, slow but steady growth is the best way.

No point having unsustainable pumps followed by the inevitable profit taking dumps. That method is only good if you're a seasoned trader not a mere HODLER like myself.

[gentlemand]

https://firstglobalcredit.wordpress.com/

An interesting take on how most of the BTC exchanges operate. It's probably considerably more odious than this in reality.

[JimboToronto]

Good afternoon Bitcoinland. Too busy to check in this morning.

Up a bit overnight and back down a smaller bit today I see... $626 on Bitcoinaverage.

September seems to have gotten things moving again. Steady moderate gains are a good thing.

[huanglui]

BTC decentralization

http://www.bitcoinrichlist.com/top100
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

All BTC pumpers in top 100 ?

[mymenace]

walls are closing great chance to buy up

Too late

seems to be, nice price rise

[hulla]

Nice to see a little bump in the price- been waiting for this for a month now. Let's see how far it goes, and if it'll hold... I'm pretty optimistic, if it holds where it is and doesn't go any lower, we've got some good times ahead. 700 wouldn't be too out of the picture, although I think something around 650 is more realistic. I could be wrong though

There was some downward pressure at $666 already before the Bitfinex thing. The drop to $570 was a bit of an extreme reaction so we are certainly correcting.

I think the small amount of downward pressure is likely being eaten up by the 2 months of halved rewards so high $600s is likely this month. Followed by months of rising that is faster than before the halving. Barring any huge news that jumps or drops the price.

Yes, I quite agree with what you said and it a good news cos the pressure caused on bitcoin through the bitfinex hacker is no more holding down the price of bitcoin cos bitcoin has already spring up to $625. A clap !

[Master mind]

Nice to see a little bump in the price- been waiting for this for a month now. Let's see how far it goes, and if it'll hold... I'm pretty optimistic, if it holds where it is and doesn't go any lower, we've got some good times ahead. 700 wouldn't be too out of the picture, although I think something around 650 is more realistic. I could be wrong though

There was some downward pressure at $666 already before the Bitfinex thing. The drop to $570 was a bit of an extreme reaction so we are certainly correcting.

I think the small amount of downward pressure is likely being eaten up by the 2 months of halved rewards so high $600s is likely this month. Followed by months of rising that is faster than before the halving. Barring any huge news that jumps or drops the price.

Yes, I quite agree with what you said and it a good news cos the pressure caused on bitcoin through the bitfinex hacker is no more holding down the price of bitcoin cos bitcoin has already spring up to $625. A clap !

[JayJuanGee]

There is a large triangle formed during the last 4 weeks, it should break one way or another in less than a week.
If it will break up, it won't go far IMO, but could form the wave 1 of a new rally.
But if it will go up nicely, close to 750$, then correct, then this would be very bullish IMO.

Did you hit your head, Tzupy?


You are coming off as a bit more bullish than usual.  

 


Getting anywhere near the $700s would be a nice little treat for us "hanging in there" for the past couple of months, including the early August crash.

No, I didn't sustain any head or other injury. But it's nice of you not to accuse me of selling my account to some permabull...

I didn't say that it will break up, although I lean that way. I suspect that most of Chinese pump money is still on exchanges and could be put to use soon.
While it won't break the 790$ of June, a near future bullish development could strengthen the case for a larger bullish scenario.

Yes...   You tend to make some decent analyses, even for an admitted bear.  Some of the matter can be 20/20 hindsight, too, but many folks who have been watching bitcoin recognize the overall upward trend that got interrupted by a needed correction that was likely exacerbated somewhat by bitfinex... then if the corrections had already been down and had already been fairly decent, then there remains other bullish dynamics, such as the halvening and the progress of seg wit etc... that give fuel for a potential pump that could end up overshooting $790 or otherwise becoming much more bullish than we had considered to be within the cards.

[marcus_of_augustus]

Nice to see a little bump in the price- been waiting for this for a month now. Let's see how far it goes, and if it'll hold... I'm pretty optimistic, if it holds where it is and doesn't go any lower, we've got some good times ahead. 700 wouldn't be too out of the picture, although I think something around 650 is more realistic. I could be wrong though

There was some downward pressure at $666 already before the Bitfinex thing. The drop to $570 was a bit of an extreme reaction so we are certainly correcting.

I think the small amount of downward pressure is likely being eaten up by the 2 months of halved rewards so high $600s is likely this month. Followed by months of rising that is faster than before the halving. Barring any huge news that jumps or drops the price.

72,000 BTC ($45 million) reduction in BTC supply since halving.

[adamstgBit]

the form was hacked all account passwords comprised
i dont even care.
if i start making sense and engaging in intelligent discussion you can assume my account has been hacked.

[adamstgBit]

BTC decentralization

http://www.bitcoinrichlist.com/top100
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

All BTC pumpers in top 100 ?

the top 100 are all just cold wallet storage from exchanges and the like, holding funds for 1000's of customers.

[adamstgBit]

There is a large triangle formed during the last 4 weeks, it should break one way or another in less than a week.
If it will break up, it won't go far IMO, but could form the wave 1 of a new rally.
But if it will go up nicely, close to 750$, then correct, then this would be very bullish IMO.

Did you hit your head, Tzupy?


You are coming off as a bit more bullish than usual.  

 


Getting anywhere near the $700s would be a nice little treat for us "hanging in there" for the past couple of months, including the early August crash.

No, I didn't sustain any head or other injury. But it's nice of you not to accuse me of selling my account to some permabull...

I didn't say that it will break up, although I lean that way. I suspect that most of Chinese pump money is still on exchanges and could be put to use soon.
While it won't break the 790$ of June, a near future bullish development could strengthen the case for a larger bullish scenario.

Yes...   You tend to make some decent analyses, even for an admitted bear.  Some of the matter can be 20/20 hindsight, too, but many folks who have been watching bitcoin recognize the overall upward trend that got interrupted by a needed correction that was likely exacerbated somewhat by bitfinex... then if the corrections had already been down and had already been fairly decent, then there remains other bullish dynamics, such as the halvening and the progress of seg wit etc... that give fuel for a potential pump that could end up overshooting $790 or otherwise becoming much more bullish than we had considered to be within the cards.

poeple starting to talk about 790?

I better start talking about 800's...

[BlackSpidy]

obviously the market has recovered from the bitstamp hack that happened a year and a half ago. The market looks good enough for me to say that it's probably recovered from the bitfinex hack (even though bitfinex itself has not recovered). It's only a matter of time to secure a full recovery from the MtGox fraud and/or hack.

Edit: I think we'll see a bit of a repeat of 2015. $750+ will be a pain in the ass resistance... Until it's not anymore.

[adamstgBit]

obviously the market has recovered from the bitstamp hack that happened a year and a half ago. The market looks good enough for me to say that it's probably recovered from the bitfinex hack (even though bitfinex itself has not recovered). It's only a matter of time to secure a full full recovery from the MtGox fraud and/or hack.

Edit: I think we'll see a bit of a repeat of 2015. $750+ will be a pain in the ass resistance... Until it's not anymore.

again someone talking about 700's

thats it, now i'm convinced 800's is baked in the cake.