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

[Searing]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion.

yeah that is what they said fall of 2013 when btc was 1200 usd...it is bound to see a price explosion.....still waiting damn it!

don't jinx it

[JayJuanGee]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion.

yeah that is what they said fall of 2013 when btc was 1200 usd...it is bound to see a price explosion.....still waiting damn it!

don't jinx it

Gosh, I am not sure whether the correct label is "price suppression," because, in the end, the ongoing trade volume remains so low that bulls could really push prices up, if there were any kind of meaningful determination to do so, no?

The bulls nearly have to be willing to put money on exchanges and to buy... but maybe they remain scared about whether other folks are going to follow?  Surely, various bulls do not want to get caught buying a bunch of bitcoin, attempting to pump up the price and others do not follow?

Maybe, overall, I agree with Torque even though I am having trouble with "price suppression" label?

Regarding a pump before the new year, I am getting skeptical regarding that too, and I am wondering what's going to cause such a pump?  Do folks believe that we are running out of coins?  I think that there is decent data that adoption continues to increase, and surely the halvening would have continued to cause less of a bitcoin supply surplus, but I continue to wonder whether those factors are  enough?  Seg wit and other continuing side chain and scaling type developments should help too, but is that enough? 

Don't get me wrong, I am continuing to attempt to accumulate BTC, but I continue to wonder also regarding how long we could stay in this price arena... a bit more than 2 years so far (mid 2014 to present with prices largely below $750)

Couldn't BTC prices bounce between $500 and $750 for another year or two?  Isn't that possible?  30% odds of such?

[Torque]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion.

yeah that is what they said fall of 2013 when btc was 1200 usd...it is bound to see a price explosion.....still waiting damn it!

don't jinx it

Gosh, I am not sure whether the correct label is "price suppression," because, in the end, the ongoing trade volume remains so low that bulls could really push prices up, if there were any kind of meaningful determination to do so, no?

The bulls nearly have to be willing to put money on exchanges and to buy... but maybe they remain scared about whether other folks are going to follow?  Surely, various bulls do not want to get caught buying a bunch of bitcoin, attempting to pump up the price and others do not follow?

Maybe, overall, I agree with Torque even though I am having trouble with "price suppression" label?

Regarding a pump before the new year, I am getting skeptical regarding that too, and I am wondering what's going to cause such a pump?  Do folks believe that we are running out of coins?  I think that there is decent data that adoption continues to increase, and surely the halvening would have continued to cause less of a bitcoin supply surplus, but I continue to wonder whether those factors are  enough?  Seg wit and other continuing side chain and scaling type developments should help too, but is that enough?  

Don't get me wrong, I am continuing to attempt to accumulate BTC, but I continue to wonder also regarding how long we could stay in this price arena... a bit more than 2 years so far (mid 2014 to present with prices largely below $750)

Couldn't BTC prices bounce between $500 and $750 for another year or two?  Isn't that possible?  30% odds of such?

Not saying it will happen, as like you said we could just bounce around for another year or two with no real demand/price appreciation.

But with the presidential election coming up in the U.S. in November, and with the ability for the Bitcoin pumpers to pin any negative stock market shock on either candidate winning the presidency (because they are both equally despised by a large majority of voters), I could easily see a massive pump in Bitcoin driven by the election result, either in December or at the beginning of the new year.  If it correlated with a big stock market correction (as we are WAAYYY overdue), even better for them.

Remember, all the pumpers need is a plausible excuse to run it up. So what more plausible reason would they need than a negative world market reaction to whomever wins? It could happen, just saying...

That's assuming, of course, that Bitcoin is treated as a safe haven like PMs. If not, well, it'll probably sink along with the rest of the stock markets.

[mymenace]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion.

yeah that is what they said fall of 2013 when btc was 1200 usd...it is bound to see a price explosion.....still waiting damn it!

don't jinx it

Gosh, I am not sure whether the correct label is "price suppression," because, in the end, the ongoing trade volume remains so low that bulls could really push prices up, if there were any kind of meaningful determination to do so, no?

The bulls nearly have to be willing to put money on exchanges and to buy... but maybe they remain scared about whether other folks are going to follow?  Surely, various bulls do not want to get caught buying a bunch of bitcoin, attempting to pump up the price and others do not follow?

Maybe, overall, I agree with Torque even though I am having trouble with "price suppression" label?

Regarding a pump before the new year, I am getting skeptical regarding that too, and I am wondering what's going to cause such a pump?  Do folks believe that we are running out of coins?  I think that there is decent data that adoption continues to increase, and surely the halvening would have continued to cause less of a bitcoin supply surplus, but I continue to wonder whether those factors are  enough?  Seg wit and other continuing side chain and scaling type developments should help too, but is that enough?  

Don't get me wrong, I am continuing to attempt to accumulate BTC, but I continue to wonder also regarding how long we could stay in this price arena... a bit more than 2 years so far (mid 2014 to present with prices largely below $750)

Couldn't BTC prices bounce between $500 and $750 for another year or two?  Isn't that possible?  30% odds of such?

Not saying it will happen, as like you said we could just bounce around for another year or two with no real demand/price appreciation.

But with the presidential election coming up in the U.S. in November, and with the ability for the Bitcoin pumpers to pin any negative stock market shock on either candidate winning the presidency (because they are both equally despised by a large majority of voters), I could easily see a massive pump in Bitcoin driven by the election result, either in December or at the beginning of the new year.  If it correlated with a big stock market correction (as we are WAAYYY overdue), even better for them.

Remember, all the pumpers need is a plausible excuse to run it up. So what more plausible reason would they need than a negative world market reaction to whomever wins? It could happen, just saying...

That's assuming, of course, that Bitcoin is treated as a safe haven like PMs. If not, well, it'll probably sink along with the rest of the stock markets.

bitcoins value is in its infrastructure.

the price moves based on this. speculation fuels the bubbles which relate to government policy at the time.

current projections are all financial systems are moving to the blockchain proving bitcoin is a winner

current software projects and development of bitcoin in this new digital finance economy are roaring ahead with millions of dollars from investors

with the world now able to compare central bank monetary policy in various countries and decades it is obvious it no longer works

this will project bitcoin as the alternative to central backed blockchains running fiat sidechains of each nation's currency (great savings by the way for banks which we will not see passed onto the public)

here in turns sees bitcoin now move upwards in an economic climate devoid of leadership hurtling towards what all economists say is the bursting of the biggest bubble ever.

pick your price

[jbreher]

Are you sure that you are not a paid shill troll? 

OK, let us game this out. What exactly do you propose zimmah is shilling for, and who exactly do you propose is paying zimmah for this shilling?

My posts speak for themselves, but I would suggest that you, jbreher, are engaging in whiteknighting.... not the first time.

Well, no. Your posts do not speak for themselves. They cast aspersions, and then you scurry to avoid -- when challenged -- any detail regarding the insinuations you make.

You can think of it as whiteknighting if you want. But you would be wrong. Your apparent target is not the subject here. Your playing fast & loose with reality is the subject.

Maybe if I don't use a name?

1) What exactly do you propose [whom you accuse of shillery] is shilling for?
- and -
2) who exactly do you propose is paying [whom you accuse of shillery] for this shilling?

[JayJuanGee]

Wow... that's whole lot of price suppression going on.

Do you guys think that they will be able to keep it up until after the U.S. pres election is over? Because clearly that's the goal for now.

One thing's for sure, sometime between now and the end of the year we're gonna see a price explosion.

yeah that is what they said fall of 2013 when btc was 1200 usd...it is bound to see a price explosion.....still waiting damn it!

don't jinx it

Gosh, I am not sure whether the correct label is "price suppression," because, in the end, the ongoing trade volume remains so low that bulls could really push prices up, if there were any kind of meaningful determination to do so, no?

The bulls nearly have to be willing to put money on exchanges and to buy... but maybe they remain scared about whether other folks are going to follow?  Surely, various bulls do not want to get caught buying a bunch of bitcoin, attempting to pump up the price and others do not follow?

Maybe, overall, I agree with Torque even though I am having trouble with "price suppression" label?

Regarding a pump before the new year, I am getting skeptical regarding that too, and I am wondering what's going to cause such a pump?  Do folks believe that we are running out of coins?  I think that there is decent data that adoption continues to increase, and surely the halvening would have continued to cause less of a bitcoin supply surplus, but I continue to wonder whether those factors are  enough?  Seg wit and other continuing side chain and scaling type developments should help too, but is that enough?  

Don't get me wrong, I am continuing to attempt to accumulate BTC, but I continue to wonder also regarding how long we could stay in this price arena... a bit more than 2 years so far (mid 2014 to present with prices largely below $750)

Couldn't BTC prices bounce between $500 and $750 for another year or two?  Isn't that possible?  30% odds of such?

Not saying it will happen, as like you said we could just bounce around for another year or two with no real demand/price appreciation.

But with the presidential election coming up in the U.S. in November, and with the ability for the Bitcoin pumpers to pin any negative stock market shock on either candidate winning the presidency (because they are both equally despised by a large majority of voters), I could easily see a massive pump in Bitcoin driven by the election result, either in December or at the beginning of the new year.  If it correlated with a big stock market correction (as we are WAAYYY overdue), even better for them.

Remember, all the pumpers need is a plausible excuse to run it up. So what more plausible reason would they need than a negative world market reaction to whomever wins? It could happen, just saying...

That's assuming, of course, that Bitcoin is treated as a safe haven like PMs. If not, well, it'll probably sink along with the rest of the stock markets.

You are coming off as a bit more bullish, and maybe even possibly a bit more reasonable than my recent perceptions of you. 

Are you sure that someone hasn't taken over your account?   hahahaha

I don't really disagree with any of your above assessment, yet I think that it is pretty unlikely that bitcoin performance is going to be correlated with stock market performance, even though coincidentally, we may witness short periods of such BTC/stock market price correlation.

[JayJuanGee]

Are you sure that you are not a paid shill troll? 

OK, let us game this out. What exactly do you propose zimmah is shilling for, and who exactly do you propose is paying zimmah for this shilling?

My posts speak for themselves, but I would suggest that you, jbreher, are engaging in whiteknighting.... not the first time.

Well, no. Your posts do not speak for themselves. They cast aspersions, and then you scurry to avoid -- when challenged -- any detail regarding the insinuations you make.

My posts speak for themselves in that I made whatever justification I believed was needed under the particular circumstances.  Accordingly, I see no need to make additional justifications or to revisit.

You can think of it as whiteknighting if you want. But you would be wrong. Your apparent target is not the subject here. Your playing fast & loose with reality is the subject.

You are jumping in to defend someone concerning my suggesting that someone could be a troll/shill, based on the content of a specific post... That post is now history, so I see no reason that I would need to justify whatever language I chose to use, unless my "apparent target" would like to respond, and it seems that such "apparent target" has, so far, not chosen to respond..

 

Maybe if I don't use a name?

1) What exactly do you propose [whom you accuse of shillery] is shilling for?
- and -
2) who exactly do you propose is paying [whom you accuse of shillery] for this shilling?

It does not matter.  I don't any exact evidence to make a suggestion that a post is coming off as either shilling or trolling.  Whether there is actually shilling or trolling going on would likely more be in the knowledge of a shill or a troll, rather than a fellow forum member (that is you, no?)



Anyhow, a lot of this seems again to be getting quite far afield from the topic of this thread, which seems to be a tendency of yours... easily distracted by me... haahahahahaha   

[above1000]

its like a balloon being held under water its eventually got to go up 

[LFC_Bitcoin]

its like a balloon being held under water its eventually got to go up 

Yep, the downward pressure to try & take us below the high 590's was pretty pathetic.

[Denker]

its like a balloon being held under water its eventually got to go up 

Yep, the downward pressure to try & take us below the high 590's was pretty pathetic.

I agree.Last night was a good example of that.
Small drop from 604 down to 598 and then hanging around the 600 range.
And right now we are again back up ~608 on bitcoinaverage.
Imo we could see another rise to 650+ pretty soon.

[BathSaltsDealer]

Imo we could see another rise to 650+ pretty soon.

Because halvening?

[Torque]

Remember kids, bitcoin is the only way out, because...

[Dafar]

Mr. Torque.... you've been quiet recently. What happened to deflating back to $450 and you calling me out on it?

YES I DID MOCK YOU AND I WON... YOU THINK I'M GOING TO FORGET YOUR ATTEMPT AT HUMILIATING ME??? HUH???


I don't f*** around boy

So zooming out to 1d on the chart, from 5/24, bitcoin is just looking like your typical PnD bubble that we've seen so many times before.  A blow off top, followed by long legs down.  

Looks like it could eventually deflate all the way back to ~450.  

So Dafar, still mocking me thus far?

So zooming out to 1d on the chart, from 5/24, bitcoin is just looking like your typical PnD bubble that we've seen so many times before.  A blow off top, followed by long legs down.  

Looks like it could eventually deflate all the way back to ~450.  

So Dafar, still mocking me thus far?

Quoting myself ftw.  Looks like we're just going to keep grinding down ~$10/week or so, until this bubble completely deflates.

Since there are no buyers, looks like the only thing that could put the floor in is the hashrate/mining cost, wherever that may lie.  

[Fatman3001]

Yeez, August 14th. Torque cuts deep.

[Torque]

Why so violent Dafar? Are you still butthurt about a bad trade or something?

I'm a permabull hodler that, after 3 straight years of witnessing bitcoin NOT becoming the uber global phenom that everyone was going on about in 2013, I believe have earned the right to be a little bearish now and then.  I still have not witnessed ANY new major Average Joe money, nor major investment money, nor major retailer adoption happen in that time either.  The only thing I've seen in that time frame is complete apathy from the general public, and the occasional PnD bullshit that we're all so familiar with by now.

So fkn sue me bitch.  Also, let's see how the year finishes up before you start calling it a full on uptrend, eh? Bitcoin has steadily been losing some marketshare ground to shitcoins for 3 years now.

Edit:
Well, well, well, looks like ol' Dafar is just as bearish too.

Ok guys, we've been seeing insane predictions since the end of 2013.

$1600/btc... $2000/btc... $3000/btc... even $10K/btc... but 3 years later nothing happens. I believe in bitcoin, but I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

[rjclarke2000]

Why so violent Dafar? Are you still butthurt about a bad trade or something?

I'm a permabull hodler that, after 3 straight years of witnessing bitcoin NOT becoming the uber global phenom that everyone was going on about in 2013, I believe have earned the right to be a little bearish now and then.  I still have not witnessed ANY new major Average Joe money, nor major investment money, nor major retailer adoption happen in that time either.  The only thing I've seen is the occasional PnD bullshit that we're all so familiar with by now.

So fkn sue me bitch.  Also, let's see how the year finishes up before you start calling it a full on uptrend, eh? Bitcoin has steadily been losing some marketshare ground to shitcoins for 3 years now.

Edit:
Well, well, well, looks like ol' Dafar is just as bearish too.

Ok guys, we've been seeing insane predictions since the end of 2013.

$1600/btc... $2000/btc... $3000/btc... even $10K/btc... but 3 years later nothing happens. I believe in bitcoin, but I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime


I kinda feel the same as torque I must be honest. Still hoping.

[Meuh6879]

Remember kids, bitcoin is the only way out, because...

[pics here]

[Meuh6879]

Ok guys, we've been seeing insane predictions since the end of 2013.

$1600/btc... $2000/btc... $3000/btc... even $10K/btc... but 3 years later nothing happens. I believe in bitcoin, but I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime


I kinda feel the same as torque I must be honest. Still hoping.

2013: bitcoin ?
2014: bitcoin, ah ah ah
2015: bitcoin ... mmmh ?
2016: bitcoin ... !
2017: bitcoin !!!!
2018: BTCictoin. We plan the future of money.
2019: bitcoin, halvening in 1 year
2020: All car are electric and autonomous, you can pay only with bitcoins because no chargeback here = serious business here.

[JayJuanGee]

Imo we could see another rise to 650+ pretty soon.

Because halvening?

Because of a multiple of reasons, including halvening pressures (that could take months to play out in terms of feeling the impact of reduced increasing supply). 

Girls like you, lambie, don't want to actually grapple with various BTC fundamentals, so you merely try to put the burdens on others, fail refused to provide meaningful facts and analysis and attempt to simplify matters and to distort reality.   

[JayJuanGee]

Why so violent Dafar? Are you still butthurt about a bad trade or something?

I'm a permabull hodler that, after 3 straight years of witnessing bitcoin NOT becoming the uber global phenom that everyone was going on about in 2013, I believe have earned the right to be a little bearish now and then.  I still have not witnessed ANY new major Average Joe money, nor major investment money, nor major retailer adoption happen in that time either.  The only thing I've seen in that time frame is complete apathy from the general public, and the occasional PnD bullshit that we're all so familiar with by now.

So fkn sue me bitch.  Also, let's see how the year finishes up before you start calling it a full on uptrend, eh? Bitcoin has steadily been losing some marketshare ground to shitcoins for 3 years now.

Edit:
Well, well, well, looks like ol' Dafar is just as bearish too.

Ok guys, we've been seeing insane predictions since the end of 2013.

$1600/btc... $2000/btc... $3000/btc... even $10K/btc... but 3 years later nothing happens. I believe in bitcoin, but I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime

There is nothing wrong with having various bearish inclinations and reservations, but frequently, you have a tendency to go off the rails a bit with pessimistic exaggerations, which likely would cause people to wonder whether you are talking your books or giving a fair analysis of the situation.

For example in your assessments that adoption is not rapid enough  and that bitcoin is losing market share seems to be quite a way off and really exaggerations, no?

"I still have not witnessed ANY new major Average Joe money, nor major investment money, nor major retailer adoption happen in that time either."


Are you just impatient or what?  Some of this takes time, and the overall evidence remains that adoption, development and investment is up and increasing.  Sure, the amount of the up may not be exorbitant, but it remains sufficient to allow us to avoid conclusions of too much apathy (which you seem to want to conclude)



"Bitcoin has steadily been losing some marketshare ground to shitcoins for 3 years now."

I doubt that the facts really support this kind of an assertion.  Sure, we have been witnessing some innovations from altcoins (shitcoins as you call them), but in the end, any "losing of  marketshare ground" is likely more illusory than anything.  Let those various  alt coins experiment and innovate etc... , and bitcoin can profit by witnessing such experimentations and determining whether those kinds of innovations (if any) are worth incorporating into bitcoin and how.  The value of bitcoin remains its foundational security of immutable decentralization, and you are not going to retain "secure immutable decentralization" by attempting too many experiments and/or attempts at innovation... because the innovation is already there and the foundation already set.. and the inability and difficulties in changing bitcoin is a feature, not a bug.