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

[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.

[1714904448]

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[1714904448]

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[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.

[PoolMinor]

Question:   price next friday will be
>620   - 61 (50%)
590   - 5 (4.1%)
580   - 11 (9%)
570   - 12 (9.8%)
560   - 4 (3.3%)
550   - 5 (4.1%)
<520   - 24 (19.7%)

Is it next Friday yet?


Edit:  16

[adamstgBit]

Weekly Stochastics have not been this low since F'ing June 2015!

800's is where its at. we'll be there shortly i think and kinda bounce around there until bitcoin inevitably dies and price crashes to 0.

[adamstgBit]

Question:   price next friday will be
>620   - 61 (50%)
590   - 5 (4.1%)
580   - 11 (9%)
570   - 12 (9.8%)
560   - 4 (3.3%)
550   - 5 (4.1%)
<520   - 24 (19.7%)

Is it next Friday yet?


Edit:  16

its been friday for like 5 hours now 12 hours if your in chain.

[PoolMinor]

Question:   price next friday will be
>620   - 61 (50%)
590   - 5 (4.1%)
580   - 11 (9%)
570   - 12 (9.8%)
560   - 4 (3.3%)
550   - 5 (4.1%)
<520   - 24 (19.7%)

Is it next Friday yet?


Edit:  16

its been friday for like 5 hours now 12 hours if your in chain.

Ahh, but is it Next Friday?


Edit: Nice to see it is the real Adamstgbit .....unless you live in "chain"?

[adamstgBit]

Question:   price next friday will be
>620   - 61 (50%)
590   - 5 (4.1%)
580   - 11 (9%)
570   - 12 (9.8%)
560   - 4 (3.3%)
550   - 5 (4.1%)
<520   - 24 (19.7%)

Is it next Friday yet?


Edit:  16

its been friday for like 5 hours now 12 hours if your in chain.

Ahh, but is it Next Friday?

its this friday which was next friday up until a few hours ago at which point next friday became this friday and next friday inherited new meaning, but maybe not, if next friday is always the friday coming, then its always friday.   

poll reset.

[PoolMinor]

poll reset.

Woo Hoo!

[mymenace]

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.

the end of cash, I wonder what the impact will be

Former IMF Economist Declares War On Cash
https://www.amazon.com/gp/product/0691172137/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=valueinves08c-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=0691172137&linkId=fa77b3a10cfaf4b1a335ed767c9a5b07

I am bullish


looking forward to the "Utility Settlement Coin"

[PoolMinor]

the end of cash, I wonder what the impact will be

Former IMF Economist Declares War On Cash
https://www.amazon.com/gp/product/0691172137/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=valueinves08c-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=0691172137&linkId=fa77b3a10cfaf4b1a335ed767c9a5b07

I am bullish


looking forward to the "Utility Settlement Coin"

I don't think that is the correct link. Amazon has the story for us?

[mymenace]

the end of cash, I wonder what the impact will be

Former IMF Economist Declares War On Cash

http://www.bloomberg.com/news/articles/2016-09-07/harvard-economist-kenneth-rogoff-is-trying-to-kill-cash


https://www.amazon.com/gp/product/0691172137/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=valueinves08c-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=0691172137&linkId=fa77b3a10cfaf4b1a335ed767c9a5b07

I am bullish


looking forward to the "Utility Settlement Coin"

I don't think that is the correct link. Amazon has the story for us?

Former IMF Economist Declares War On Cash
http://www.bloomberg.com/news/articles/2016-09-07/harvard-economist-kenneth-rogoff-is-trying-to-kill-cash


is this the replacement
Utility Settlement Coin
http://www.ft.com/cms/s/0/1a962c16-6952-11e6-ae5b-a7cc5dd5a28c.html

[savetherainforest]

the end of cash, I wonder what the impact will be

Former IMF Economist Declares War On Cash

http://www.bloomberg.com/news/articles/2016-09-07/harvard-economist-kenneth-rogoff-is-trying-to-kill-cash


https://www.amazon.com/gp/product/0691172137/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=valueinves08c-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=0691172137&linkId=fa77b3a10cfaf4b1a335ed767c9a5b07

I am bullish


looking forward to the "Utility Settlement Coin"

I don't think that is the correct link. Amazon has the story for us?

Former IMF Economist Declares War On Cash
http://www.bloomberg.com/news/articles/2016-09-07/harvard-economist-kenneth-rogoff-is-trying-to-kill-cash


is this the replacement
Utility Settlement Coin
http://www.ft.com/cms/s/0/1a962c16-6952-11e6-ae5b-a7cc5dd5a28c.html

Well... it is after all a flawed system. There is too much fake wealth and printing of wealth out of thin air...

[Karartma1]

https://www.db.com/newsroom_news/2016/medien/utility-settlement-coin-concept-on-blockchain-gathers-pace-en-11661.htm

https://www.ubs.com/microsites/blockchain-report/en/home.html

If you ask me, they are only paving the way for us. Once some "blockchain utility settlement coin with sugar and cream" will be officially recognized Bitcoin will destroy the $1000 mark. We are getting there.

It's only about when, it will happen. BTC will be like gold, better than gold.

[Cassius]

Weekly Stochastics have not been this low since F'ing June 2015!

800's is where its at. we'll be there shortly i think and kinda bounce around there until bitcoin inevitably dies and price crashes to 0.

What, I don't visit this thread in a few weeks and when I check in Adam is talking about bitcoin death and JJG is nowhere to be seen? Is it April 1?

[Searing]

Are we there yet? Are we there yet?.......Are we there yet? (sheesh I'm bored)....damn it are we there yet?



I mean really all the drama of 2015 to 2016 when it was a bear paradise..when price was down and playing sideways

...there should be a damn flip side to that this year ..dang nub it .....pump BTC pump....my LTC miners need BTC to lead the way

[Altynbekova]

Weekly Stochastics have not been this low since F'ing June 2015!

800's is where its at. we'll be there shortly i think and kinda bounce around there until bitcoin inevitably dies and price crashes to 0.

Not sure it would die though but It keeps going up still in a steady pace since it went from 570 to like 620 now so i have high hopes for it next year if nothing bad happens etc. I think we could reach the 800 indeed and i dont think it will die out after it.