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

[Chevas Regal]

http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?

yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.

Predictions doesnot work in case of bitcoins, nobody predicted that in 2015 we will have low prices but we had.

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[Elwar]

http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?

yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.

I was predicting a price of $750 for January 1 back in 2015.

https://bitcointalk.org/index.php?topic=1309383.0

 

[julian071]

http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?

yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.

I was predicting a price of $750 for January 1 back in 2015.

https://bitcointalk.org/index.php?topic=1309383.0

 

[molecular]

http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?

yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.

I was predicting a price of $750 for January 1 back in 2015.

https://bitcointalk.org/index.php?topic=1309383.0

 

well done... but it's 2017 just yet

also from that thread:

And then you'll sell it all at $750?

Watch this video repeatedly until you know why you shouldn't.

Thank me later.

[yefi]

Edit: and how about https://transferwise.com/? Seems a great solution for remittances!

I used these jokers back in 2013 to wire money to Bitstamp as it was cheaper, until, lo and behold they banned deposits to all Bitcoin exchanges. If you trigger a hidden threshold, you also have to supply ID.

[julian071]

Edit: and how about https://transferwise.com/? Seems a great solution for remittances!

I used these jokers back in 2013 to wire money to Bitstamp as it was cheaper, until, lo and behold they banned deposits to all Bitcoin exchanges. If you trigger a hidden threshold, you also have to supply ID.

Haha wow. Great point. That's really the one thing that sets BTC apart. No shit like that.

[JayJuanGee]

Get ready haha! Pump everything in bitcoin.

Pumping everything in bitcoin? Checking out current the price of bitcoin, bitcoin is down some how.Whats going on mate cos it seems like you know something good will happen pretty soon, isn't it?

"Checking out current the price of bitcoin, bitcoin is down some how"

Are you trolling, Hulla?  Or have you been sleeping under a rock?   Explain exactly how bitcoin prices could be down when it is currently largely floating in the $750s?

It would be pretty easy to point out our current BTC price situation that would assist many folks to conclude that bitcoin is NOT currently "down", but maybe it would be better to let you go first?  go ahead.  I am waiting.  how do you come to any kind of meaningful conclusion that BTC is currently "down"?

Ok mate, I knew the current price of bitcoin is far better than second quater of this year and if I said tthe price is down I meant the price of bitcoin as at Friday/Saturday was 765$. Roger that?

O.k... That clarification of what you meant by "down" is fair enough. 

Likely, I am reacting with a bit more assertiveness than necessary because it seems a bit problematic to look at such short term price changes without putting those assessments into context.

Sure, it is possible that we could experience some never returning explosive uptrend in prices, but it seems to be quite more likely that we are going to experience several consolidation periods and even small retractions ... yet overall, we seem to be continuing to experience a considerable amount of ongoing upwards price pressures.. and our corrections since lower $600s have been largely insubstantial with continued upwards price pressures.

I surely don't have any kind of crystal ball, but it seems to be within reasonable possibilities that we could get another explosive upward leg into the mid - $800s... but also, we could experience a significant downward correction too... just to weed out some of the weak hands....  Currently, I would place the odds of another upwards 5% leg as slightly better than 50% as compared with a 10% downward leg.

Ok and that's still fair enough cos every successful business must accept debt. Though, the debt must not be much. However, savetherainforest said is time for new predictions. Does that mean we should be accepting something more bigger before the end of this year?

I doubt that any of us really know for sure, and if you rely on savetherainforest for your predictions, then you may be in a bit of trouble. 

Regarding your point about debt, I don't engage in any kind of meaningful leveraging in my bitcoin investments because I think that is much too dangerous for me, and I think that there is plenty of opportunities to make a considerable amount of money in bitcoin without employing leveraging.

Regarding the actual price direction of bitcoin.  We can see certain ongoing upwards price pressures and we see a lot of adoption.  Yet at the same time, whenever we get continued movement upwards in the price, for example from lower $600s to upper $700s over two months without any kind of meaningful downward correction, we could reasonably expect that there is a possibility of a significant downward correction that could happen at any time, but that possibility for a downward price correction does not change the overall dynamics that there is a lot of ongoing upwards price pressures based on adoption and various developments. 

Also, a downward correction, even though possibly and even technically expected, does not have to take place, so I personally don't really know where the price is going to go in the short term.  I accumulate bitcoins with the presumption that in the longer term BTC prices are going up, but I also attempt to prepare my bitcoin investment in such a way that I can take advantage of downward price corrections that are likely to happen from time to time (and even at unexpected times).

[marcus_of_augustus]

looks like $780 is all but done now ... cut your looses shorts.

$800 next stop.

[molecular]

looks like $780 is all but done now ... cut your looses shorts.

$800 next stop.

780?

770 is resistance. You're assuming the bulls will blast through that?

Or maybe you're looking at a different exchange than the ones I look at?

[marcus_of_augustus]

looks like $780 is all but done now ... cut your looses shorts.

$800 next stop.

780?

770 is resistance. You're assuming the bulls will blast through that?

Or maybe you're looking at a different exchange than the ones I look at?

any genuine exchange is trading >$780 spot price ... fake coins and futures exchanges are only sometimes indicative of real deliverable coins prices, sometimes they catch up

[cmacwiz]

Looking at 1wk candles, the features to this rise are unlike before when market cap was tiny. Similar to how the Nov 2013 peak dwarves the April 2013 run-up, this one will make Nov 2013 look tiny, but it will take longer. I say Bull market for all of 2017 with some dull periods. Any buy here is protected quite well with support and from mining reward halving, looking at a potential ATH of > $3000 in my opinion.  

[Spaceman_Spiff]

looks like $780 is all but done now ... cut your looses shorts.

$800 next stop.

780?

770 is resistance. You're assuming the bulls will blast through that?

Or maybe you're looking at a different exchange than the ones I look at?

any genuine exchange is trading >$780 spot price ... fake coins and futures exchanges are only sometimes indicative of real deliverable coins prices, sometimes they catch up

Bitstamp, bitfinex and btc-e are all fake?

[molecular]

looks like $780 is all but done now ... cut your looses shorts.

$800 next stop.

780?

770 is resistance. You're assuming the bulls will blast through that?

Or maybe you're looking at a different exchange than the ones I look at?

any genuine exchange is trading >$780 spot price ... fake coins and futures exchanges are only sometimes indicative of real deliverable coins prices, sometimes they catch up

bitfinex: 770
coinbase: 768
bitstamp: 768
btc-e: 761
kraken: 770
gemini: 768
cex.io: 771

which "genuine" exchange trades > 780 spot at this point?

[JayJuanGee]

looks like $780 is all but done now ... cut your looses shorts.

$800 next stop.

780?

770 is resistance. You're assuming the bulls will blast through that?

Or maybe you're looking at a different exchange than the ones I look at?

any genuine exchange is trading >$780 spot price ... fake coins and futures exchanges are only sometimes indicative of real deliverable coins prices, sometimes they catch up

bitfinex: 770
coinbase: 768
bitstamp: 768
btc-e: 761
kraken: 770
gemini: 768
cex.io: 771

which "genuine" exchange trades > 780 spot at this point?

I generally appreciate the contents of the posts of MOA, but this current assertion of "facts" and line of reasoning of his seems a bit wishful, fantastical and premature. 

In my humble bumble opinion, we should get sufficiently above $780 (maybe even above $800) before we start characterizing $780 as a "done deal," and in that regard.. we seem to largely be teetering below $770... sure, we could just whiz by $770 and shoot past $800, but I think that many of us remain quite shell shocked from the past three years with the realization that there could be some hold out whales and hold out FUD and even a considerable amount of BTC shorting tools that can cause periods of considerable difficulties in getting passed certain price points, even though getting passed may currently seem kind of inevitable.

[AlexGR]

http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?

yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.

2$ won't happen either. Reason being the difficulty in mining and the associated costs of producing a coin:

Dec 02 2016   286,765,766,821   1.76%   2,052,749,317 GH/s
Nov 18 2016   281,800,917,193   10.68%   2,017,209,539 GH/s
Nov 05 2016   254,620,187,304   0.40%   1,822,642,296 GH/s
Oct 22 2016   253,618,246,641   -1.90%   1,815,470,125 GH/s
Oct 08 2016   258,522,748,405   7.17%   1,850,577,916 GH/s
Sep 25 2016   241,227,200,230   6.82%   1,726,771,560 GH/s
Sep 12 2016   225,832,872,179   2.30%   1,616,574,667 GH/s
Aug 29 2016   220,755,908,330   1.56%   1,580,232,344 GH/s
Aug 15 2016   217,375,482,757   7.67%   1,556,034,316 GH/s
Aug 02 2016   201,893,210,853   -5.43%   1,445,207,896 GH/s
Jul 18 2016   213,492,501,108   0.04%   1,528,238,850 GH/s
Jul 04 2016   213,398,925,331   1.88%   1,527,569,009 GH/s


Bitcoin Difficulty:   286,765,766,821
Estimated Next Difficulty:   309,172,039,310 (+7.81%)
Adjust time:   After 1105 Blocks, About 7.1 days
Hashrate(?):   2,237,224,131 GH/s


All these mining data centers, are multi-million investments...

[lottery248]

looks like $780 is all but done now ... cut your looses shorts.

$800 next stop.

。。。 that's not all the way true though. but one thing is always true if you wanna gain more in trading, which are not to sell all the bitcoins at this moment.

[Spaceman_Spiff]

http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?

yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.

2$ won't happen either. Reason being the difficulty in mining and the associated costs of producing a coin:

Bitcoin Difficulty:   286,765,766,821
Estimated Next Difficulty:   309,172,039,310 (+7.81%)
Adjust time:   After 1105 Blocks, About 7.1 days
Hashrate(?):   2,237,224,131 GH/s


All these mining data centers, are multi-million investments...

A turd that costs 2 billion to produce isn't necessarily worth 2 billion...

[European Central Bank]

yeah. you can mine all you want. if no one wants what you have then at least you're gonna keep warm while you burn your millions.

i've never understood the thinking that the price must be above what it costs to mine. your average trader and user doesn't know what the cost is and doesn't care on top. and i don't think exchanges are filled with miners desperately propping up the price. that would be an expensive hobby.

[Meuh6879]

Archive ... but usefull.


backup : http://imagizer.imageshack.us/a/img907/1327/2NKTRm.png

https://bitcointalk.org/index.php?topic=1119926.0

[sirazimuth]

http://www.coindesk.com/bitcoin-price-triple-2017-saxo-bank-prediction/ What do you guys think of this news?
Is there a possibility of this prediction to come true?

yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen.

I was predicting a price of $750 for January 1 back in 2015.

https://bitcointalk.org/index.php?topic=1309383.0

 

your  post predicting $750 on jan 1st 2017 was dated dec 30 2015, so fer shitz n giggles i looked up price for that day ....$433.00

holy shit man!! youre good!!

then again your spot on prediction as of today could turn out wrong... we got another 3 weeks for price to go haywire... this is bitcoin after all.
though i tend to believe come the 1st of year ..you nailed it dude.