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

[leowonderful]

I didn't expect $800 to be so hard to reach after the recent pump. Whenever we saw it close there was a retreat: it will come, we all know. Maybe Christmas could be a nice trigger for a new spike up. It's getting closer.

Remember one thing: there will never be enough single BTC for everybody. Buy yours before is late

Personally I wouldn't buy right now, but hey whatever floats your boat. I think we'll hit 800 for real this time before dropping a bit more back down to the upper 700s. I've made a few bucks these past few weeks buying on small dumps.

[Torque]

for the past 69 weeks bitcoin price has risen almost $10 average per week. (bitstamp)

if this trend continues we will have a price of:

- $1300 @december 2017
- $1800 @december 2018

i could live with that.  


edit: but i think there will be another run-up inbetween. but when?

I could live with that too. So many shortsighted bitcoiners don't realize that as a long term investment, bitcoin flat out destroys any 401K, IRA, or mainstream stock vehicle by a long shot.  Hell, just using it as a savings investment, at an increase of just +5-10% a year it would do hella better than any fiat savings account.  And the great thing is, the bar for entry is extremely low, since you can purchase any small amount down to virtually dust.

And then throw in the occasional bubble and whoa...

At the very least, college kids who have graduated and hampered with student loans should be throwing extra money into bitcoin, so that one day it will help them payoff the remainder of those loans faster.

[tabnloz]

for the past 69 weeks bitcoin price has risen almost $10 average per week. (bitstamp)

if this trend continues we will have a price of:

- $1300 @december 2017
- $1800 @december 2018

i could live with that.  


edit: but i think there will be another run-up inbetween. but when?

I could live with that too. So many shortsighted bitcoiners don't realize that as a long term investment, bitcoin flat out destroys any 401K, IRA, or mainstream stock vehicle by a long shot.  Hell, just using it as a savings investment, at an increase of just +5-10% a year it would do hella better than any fiat savings account.  And the great thing is, the bar for entry is extremely low, since you can purchase any small amount down to virtually dust.

And then throw in the occasional bubble and whoa...

At the very least, college kids who have graduated and hampered with student loans should be throwing extra money into bitcoin, so that one day it will help them payoff the remainder of those loans faster.

It'll outdo that steady increase, either to the upside or downside.

My own view is that it will go big whenever the next crisis hits.

Until then, as we watch currencies spike, crash and burn before our eyes, bitcoin has been a fucking remarkable hedge.

[tabnloz]

Duke944 is Lambie/TalksCheap/Kwuckduck in disguise. He is using the same words over and over, pretty easy to discover.

I assumed that guy had found gainful employment (or died[/i]).

Trampled by a bull run?

[sadasa]

Duke944 is Lambie/TalksCheap/Kwuckduck in disguise. He is using the same words over and over, pretty easy to discover.

I assumed that guy had found gainful employment (or died[/i]).

Trampled by a bull run?

Then slapped by a box of flapping to finish him.

[Meuh6879]

Fuck, it's HIGH !

[JimboToronto]

Good morning Bitcoinlanders.

More of the same... $784 going pretty much flat sideways with perhaps a tiny upward creep.

Barely 2 weeks left in 2016. Let's see.

[bitebits]

Fuck, it's HIGH !

btc = 750 euro

The euro is crashing against the dollar. All the way from 1.60 (July 2008) to 1.04 (today).

Damn fiat is volatile.

[Meuh6879]

Damn fiat is volatile.

[JayJuanGee]

for the past 69 weeks bitcoin price has risen almost $10 average per week. (bitstamp)

if this trend continues we will have a price of:

- $1300 @december 2017
- $1800 @december 2018

i could live with that.  


edit: but i think there will be another run-up inbetween. but when?

I could live with that too. So many shortsighted bitcoiners don't realize that as a long term investment, bitcoin flat out destroys any 401K, IRA, or mainstream stock vehicle by a long shot.  Hell, just using it as a savings investment, at an increase of just +5-10% a year it would do hella better than any fiat savings account.  And the great thing is, the bar for entry is extremely low, since you can purchase any small amount down to virtually dust.

And then throw in the occasional bubble and whoa...

At the very least, college kids who have graduated and hampered with student loans should be throwing extra money into bitcoin, so that one day it will help them payoff the remainder of those loans faster.

Actually, my initial goal investing into bitcoin was to attempt to have returns of at least an average of 3% per year, but really I had preference of at least an average of 6% per year.  Of course, performance beyond those goals would be icing on the cake, but at the same time, I was of the understanding of the risk, so I also understood that there was a potential to lose 100% (so it is not an exactly tried and true savings/investment vehicle).. Be we also knew that there was upside potential of thousands of percentage of return.

 I employed dollar cost averaging to attempt to achieve my minimum goals with the above caveats, and the ride has certainly been like a rollercoaster.

At the end of my first year, I was approximately negative 34% - which would be an an annual (negative 34%)... The dip did get worse, but let me just take year snapshots for illustrative purposes.

At the end of my second year, I was approximately negative 22% - which would be an an annual (negative 11%)...


At the end of my third year, I was approximately positive 70% - which would be an an annual (positive 23.3%)...

In the past year, I have a few other things going on with stacking fiat within my bitcoin investment fund, that sometimes will cause various kinds of ways to measure the profits, but overall the trend is coming out decent and the cushion is great.

For about the first 5 months of this year, between January and May, based on my cash reserves and my BTC holdings, I was considering my BTC investment to be floating in the approximately breaking even territory (probably more likely a few percentage points in the red).. so yeah, a large portion of the gains and the cushion came since May of this year... and it is all good and continuing to feel like a decent approach to hedge against other dollar (or other fiat) based investments.

[mixan]

Taking longer than expected to get above 800. Thought we'd be at 790 now atleast

It will no doubt go above $800 sometime soon with the holiday shopping spree two fold just around the corner. It is near $779 if it didn't pass that point already.

[Chef Ramsay]

Fuck, it's HIGH !

btc = 750 euro

The euro is crashing against the dollar. All the way from 1.60 (July 2008) to 1.04 (today).

Damn fiat is volatile.

Yep, the USD is great again and strongest since '03. https://www.bloomberg.com/news/articles/2016-12-14/dollar-on-top-as-fed-pulls-the-trigger-asia-index-futures-mixed

Gold, silver, euro plunge among others. Yet, Bitcoin maintaining 778$ is impressive. However, future US debt interest payments are gonna suck donkey dick. Trump's gonna have to default or restructure on this debt, cause once taxes are cut the math won't add up in the short term. It'll take awhile to get the jobs rolling again and getting the unemployed/underemployed/those on welfare back to paying taxes to make up the difference could take most of the first term.

[jessicadrewd]

Damn fiat is volatile.

The pump is soon to start!

[Fakhoury]

News URL : https://www.cryptocoinsnews.com/exciting-time-bitcoin-traders-looms/

[Karartma1]

The US Dollar can't be like this forever and we all know that. It will eventually pop

http://giphy.com/gifs/d3MMyApsVs3Vpuvu

Hey kiddo! Exciting time in the world right now. Exciting time.

http://giphy.com/gifs/mr-robot-mrrobotedit-WiM5K1e9MtEic

[JayJuanGee]

Taking longer than expected to get above 800. Thought we'd be at 790 now atleast

It will no doubt go above $800 sometime soon with the holiday shopping spree two fold just around the corner. It is near $779 if it didn't pass that point already.

I thought that most of us already realized, by now, that these days bitcoin price movements are not very closely correlated to consumer spending...

Concededly, there may be some marginal effects, but in the end, consumer spending remains a small factor in bitcoinlandia and not very closely related to bitcoin price movements.

[Master mind]

Heading for new ATH on Stamp, and maybe Gox as well.

BTC scam.

[lerredit]

How far will CNY crash? : https://s.tradingview.com/x/KyNJZUz2/

[Torque]

800 must be some magical fkn number, because it is so obvious that the price is being held below that until the new year comes.

What happens at 800? I would think that there really isn't any resistance left from here on up, but hey what do I know.

[Spaceman_Spiff]

Duke944 is Lambie/TalksCheap/Kwuckduck in disguise. He is using the same words over and over, pretty easy to discover.

I assumed that guy had found gainful employment (or died).

Lambie is active on reddit a lot under BitcoinistanRising, Dropalog and so on (I think at least, maybe he has some sympaticos).  I am pretty sure Kwuckduck isn't Lambie though.