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

[JimboToronto]

Who sold at the bottom?

Two great traders Matthecat and ask sold at the bottom 

Don't forget about calme, though I am sure calme will figure out a way to change his story when his shorts get r3ckt

How about Kwuk? He sold for $10 and has been in a state of denial ever since, chanting his mantra of sell-sell-sell/dump/short.

He couldn't have sold at yesterdays bottom though. If you aint got nuthin' you got nuthin' to dump. 

[Temp_JayJuanGee]

Who sold at the bottom?

Two great traders Matthecat and ask sold at the bottom  

Don't forget about calme, though I am sure calme will figure out a way to change his story when his shorts get r3ckt

How about Kwuk? He sold for $10 and has been in a state of denial ever since, chanting his mantra of sell-sell-sell/dump/short.

He couldn't have sold at yesterdays bottom though. If you aint got nuthin' you got nuthin' to dump.  

Yeah.   That is be called:  Butthurt.   


There seems to be quite a bit of irony when folks come into threads like this and try to get others to either sell or to short, and certainly, I don't have any problem with taking various kinds of trading strategies, including shorting and selling or even making various arguments regarding the price direction of bitcoin.

Likely a large number of shorters and sellers did pretty well through 2014 and about half of 2015, but since about August 2015, shorters and sellers would have needed to be very strategic (and maybe even lucky) with their strategies to bet against bitcoin because the significantly more profitable strategy would have been some form of BTC holding and/or accumulation, especially when you consider that the increase in BTC prices during that period has resulted in a pretty solid 3x increase in value.  

Sure some folks are going to continue to suggest that we are in a kind of BTC price bubble, but if you really look at BTC in a broader context, including a lot of the networking effects going on that are also demonstrated in the ongoing upwards hash rate (that is contrary to what a lot of the bitcoin naysayers were asserting around the halvening), there continues to be considerable demand for actual BTC on a world-wide basis and never before seen immutable decentralized abilities to hold and transfer value.  WOHAZA!!!!!

Pee pare yourselves for continuing to get R3CKT, shorters.  

[DaRude]

Hello Mr BTC2500 ask wall @ $740 on Finex. Wait are we still doing this wall thing?

[Andre#]

Big dumps about to happen in aprox 3-4 hours 680 incoming

Until they didn't.

[Temp_JayJuanGee]

Hello Mr BTC2500 ask wall @ $740 on Finex. Wait are we still doing this wall thing?

Currently, I see 2,611 BTC at $740 on bitfinex.  Will be interesting to see how long that wall lasts, and whether it gets eaten into, pulled or causes a price reversal.

[Chef Ramsay]

Hello Mr BTC2500 ask wall @ $740 on Finex. Wait are we still doing this wall thing?

Currently, I see 2,611 BTC at $740 on bitfinex.  Will be interesting to see how long that wall lasts, and whether it gets eaten into, pulled or causes a price reversal.

Most likely will be pulled once refueling expectations have been met.

[DaRude]

Hello Mr BTC2500 ask wall @ $740 on Finex. Wait are we still doing this wall thing?

Currently, I see 2,611 BTC at $740 on bitfinex.  Will be interesting to see how long that wall lasts, and whether it gets eaten into, pulled or causes a price reversal.

Most likely will be pulled once refueling expectations have been met.

POOF aand pulled

[Temp_JayJuanGee]

Hello Mr BTC2500 ask wall @ $740 on Finex. Wait are we still doing this wall thing?

Currently, I see 2,611 BTC at $740 on bitfinex.  Will be interesting to see how long that wall lasts, and whether it gets eaten into, pulled or causes a price reversal.

Most likely will be pulled once refueling expectations have been met.

Almost as soon as we commented on it,

"AND,

It's gone."  (Edit, and DaRude beat me too it...  )


Could have been a demonstration of power?

It would have been nice to have seen a decent chunk of that wall eaten into.

[Chef Ramsay]

Hello Mr BTC2500 ask wall @ $740 on Finex. Wait are we still doing this wall thing?

Currently, I see 2,611 BTC at $740 on bitfinex.  Will be interesting to see how long that wall lasts, and whether it gets eaten into, pulled or causes a price reversal.

Most likely will be pulled once refueling expectations have been met.

POOF aand pulled

https://www.youtube.com/watch?v=Gsf4vhK7v7E

[600watt]

https://web.archive.org/web/20160301100841/http://www.networkworld.com/article/3005308/security/hacktivists-claim-isis-terrorists-linked-to-paris-attacks-had-bitcoin-funding.html


wtf? missed that fud.

[marcus_of_augustus]

dragon opens one eye ...

[toknormal]

What happened to bitcoinchannel.com ?

The principal rolling newsfeed for all bitcion related stuff ? I got all my news about everything from there.

I'm now in the dark.

[Fakhoury]

What happened to bitcoinchannel.com ?

The principal rolling newsfeed for all bitcion related stuff ? I got all my news about everything from there.

I'm now in the dark.

What about trying this combaination : reddit + news.hodlhodl + twitter ?

[unknown04]

All we need is 1% of Indians to buy some bitcoin and we will see USD1k again... 

https://cointelegraph.com/news/with-one-percent-of-indians-investing-money-into-bitcoin-its-price-can-reach-1000-by-the-end-of-2016

[European Central Bank]

the 16 millionth coin was just mined. less than five million due to arrive now. that's an easy figure to forget.

[Killerpotleaf]

https://www.youtube.com/watch?v=7xX_KaStFT8

america being made gr8 again, will be positive for bitcoin!

[Denker]

All we need is 1% of Indians to buy some bitcoin and we will see USD1k again...  

https://cointelegraph.com/news/with-one-percent-of-indians-investing-money-into-bitcoin-its-price-can-reach-1000-by-the-end-of-2016

1% of India's populations still is a number bigger than 12 million people.
Right now I can not see why that much people there should buy Bitcoin.
You could say the same about any other big nation, in terms of it's population or economic power.
Also several other events could push us to $1000 again.
And sooner or later it will happen.And whatever will be the trigger, I won't give a damn as long as it happens.

[Temp_JayJuanGee]

All we need is 1% of Indians to buy some bitcoin and we will see USD1k again...  

https://cointelegraph.com/news/with-one-percent-of-indians-investing-money-into-bitcoin-its-price-can-reach-1000-by-the-end-of-2016

1% of India's populations still is a number bigger than 12 million people.
Right now I can not see why that much people there should buy Bitcoin.
You could say the same about any other big nation, in terms of it's population or economic power.
Also several other events could push us to $1000 again.
And sooner or later it will happen.And whatever will be the trigger, I won't give a damn as long as it happens.

1) I think that I know what people mean when they talk about a btc price of $1,000, and they seem to be attempting to refer to a seemingly BIG number, but really, I believe that $1k is not a very helpful price reference point (even though it seems kind of appealing and has a certain kind of ring to it in numerology - that is moving from 3 digits to 4 digits).

2) Currently, we are not really very far away from $1k - about a 35% BTC price appreciation from the currently floating $740-ish would bring us there.

3) upwards movement in price resistance points seem likely to exist in the upper $700s and lower to mid $800s  (smooth sailing after that?  could be? maybe?)

4) previous ATH was about $1,160.  Given the past overshooting nature of bitcoin prices, doesn't seem too likely that BTC prices would get stuck very long in between $900 and $1,300 - however,  I could be very very wrong in my current thinking of the BTC price NOT sticking topic because currently as compared with late 2013, there surely are a whole hell-of-a lot more ways to short bitcoin, no?

[Elwar]

I read an article that was downplaying Bitcoin by saying that their survey showed that bitcoin is used for only about 1% of e-commerce.

Considering world e-commerce is currently at $2 trillion with a projection of $4 trillion in 2020.

1% of $2 trillion is $20 billion. A $20 trillion billion market cap for bitcoin would be $1,300 per bitcoin. In 2020 e-commerce alone could account for $2,500 per bitcoin and there are many other uses for Bitcoin.

[0rganic]

I read an article that was downplaying Bitcoin by saying that their survey showed that bitcoin is used for only about 1% of e-commerce.

Considering world e-commerce is currently at $2 trillion with a projection of $4 trillion in 2020.

1% of $2 trillion is $20 billion. A $20 trillion market cap for bitcoin would be $1,300 per bitcoin. In 2020 e-commerce alone could account for $2,500 per bitcoin and there are many other uses for Bitcoin.

"A $20 trillion market cap for bitcoin would be $1,300 per bitcoin."

That makes no sense.