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

[kurious]

possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange,

Sounds as if you think whales keep the bulk of their coins parked on an exchange? With the propensity of pecuniary pilferers plundering principal, would that not be a particularly problematic proclivity?

Perfectly plausible probability...

[sirazimuth]

possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange,

Sounds as if you think whales keep the bulk of their coins parked on an exchange? With the propensity of pecuniary pilferers plundering principal, would that not be a particularly problematic proclivity?

Perfectly plausible probability...

potentially, a perfectly plausible probable possibility......ok thats enough

[Raja_MBZ]

Bitcoin is definitely going crazy, I sold few of my bitcoins last night which I use for trading, thinking that I will buy some cheap tomorrow morning, but it seems like it has continued its bounce.

I don't want bitcoin to bounce when I'm low at it!

[ErisDiscordia]

Bitcoin is definitely going crazy, I sold few of my bitcoins last night which I use for trading, thinking that I will buy some cheap tomorrow morning, but it seems like it has continued its bounce.

I don't want bitcoin to bounce when I'm low at it!

Well, here is your chance to rebuy!

[DARKHOLDER]

Sell now or cry tomorrow

[kludzins]

Sell now or cry tomorrow

Relax. Party just started   

[LFC_Bitcoin]

Bitcoin is definitely going crazy, I sold few of my bitcoins last night which I use for trading, thinking that I will buy some cheap tomorrow morning, but it seems like it has continued its bounce.

I don't want bitcoin to bounce when I'm low at it!

Bit of a correction going on at the moment brother, what are you waiting for? Opportunity to buy before we resume this relentless charge upwards.

[yefi]

Come on Lambie, we all know you're lurking with your Tinkerbell or Schlitzie for that $10 drop 

[LFC_Bitcoin]

Come on Lambie, we all know you're lurking with your Tinkerbell or Schlitzie for that $10 drop  

I think he/she was too busy yesterday with 'Bitcoin Ponzi comes crashing down, epic crash, screws its investors, 2017 crash' type threads

[Globb0]

[toknormal]

I sold few of my bitcoins last night which I use for trading, thinking that I will buy some cheap tomorrow morning

I always wondered what possesses people to do that.

This isn't just some minor "rise". This is a 3 YEAR consolidation concluding in a strategic breakout to the upside. It might not correct now till the mid 1000's (i.e. $1500) and thats being conservative IMO. When you look at historical breakouts after long periods of consolidation it should go to around $6000, correct back to $2000 than stabilise around $3000.

I've no idea any more than the next person where this is going but it's probably the least profitable time in history to be dumping or shorting bitcoin IMO Not to mention that there are ETF's in the works, Lightning news to come new adoption from the capitalisation etc.

I'd say, if you've got it, hang onto it !

[Torque]

Looks like open highway to $900.  Will have to see if the Jews try to implode it and form a double top in the $1000s or if they want to force people into bitcoin instead of gold and silver and thus allow it to keep going to the moon.  Silver market is not much bigger than bitcoin so at some point they're either coming after bitcoin too, or they'll want everyone in bitcoin instead since it's easier to regulate and tax.

Yes but in order to control bitcoin, they first need a ETF/derivatives market for bitcoin so they can inflate the crap out of it and gain control of all the levers. But no real such market for bitcoin really exists yet.  So the best they can do is slow down the growth of bitcoin. And the best way to do that? Pump it to the moon, then crash it.  Makes people stay away for a while.  

[European Central Bank]

Isn't it easier to keep it permanently suppressed?

If you initiate a bubble it's hard to know where it might end.

Utter boredom is better at wiping out hope than a crash.

[Spaceman_Spiff]

Consolidating for a day seems in order.

[Torque]

Isn't it easier to keep it permanently suppressed?

In order to keep it suppressed, you have to continually short with huge amounts of margin. And if you are doing that, that money is not growing, it's being burned when it could be invested elsewhere. The wealthy are *always* seeking a positive return on their money, even if it is like 1%. Because 1% per year of a billion dollars is still a lot of gain.

Also remember that the combined purchasing power of an exponentially-growing base of long investors will eventually overpower a smaller pool of shorts. When liquidity starts to dry up, that's when significant short squeezing can occur.

[JimboToronto]

Good morning ladies and gentlemen of Bitcoinland.

I see we had our first real correction/profit-taking since passing passing $800 and it was pretty lame.

We're almost all the way back to where we were when I went to bed... $868USD at Bitcoinaverage.

This bull run doesn't want to quit just yet.

Keep on rollin'.

[GoWest]

Hey folks. Still here after 5 1/2 years. I cashed out most of my coins at $300 but still hold a small position. Exciting to finally see the 2013 high threatened.

After trading through the previous bubbles ($32, $266, $1100 or whatever it was) I think this time we make it to $2150 before the big pop, and settle in the low $1000s.

Good luck to everyone and congrats to longs.

[Dafar]

Good morning ladies and gentlemen of Bitcoinland.

I see we had our first real correction/profit-taking since passing passing $800 and it was pretty lame.

We're almost all the way back to where we were when I went to bed... $868USD at Bitcoinaverage.

This bull run doesn't want to quit just yet.

Keep on rollin'.

Quit? We just started.... 



This is like pre-November 2013 rally.... except this time we are doing it right and bitcoin actually deserves to be in this price range

[Cassius]

So what happens over Christmas when there are several days banks are closed and traders can't deposit fiat but can deposit BTC? Selling becomes a lot easier than buying at that point. Is there a precedent for that pattern?

Edit: not conclusive.
https://bitcoincharts.com/charts/bitstampUSD#rg60zigHourlyzczsg2015-12-20zeg2016-01-05ztgSzm1g10zm2g25zv

[strawbs]

Number 1 top trending story on Reuters at the moment (UK edition):

"Bitcoin's total value hits record high above $14 billion"
http://uk.reuters.com/article/uk-global-markets-bitcoin-idUKKBN14B1HD