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

[Fakhoury]

Dips being aggressively accumulated. Have a feeling the weekly wants to close under 920, so that's a hard trailing stop for anyone doing one of those greedy scalps. I highly doubt next week's lower wick will be in this week's candle much, so buy any dip and get ready to break $1000.

You mean $1,000 will be broke before the new year ?

i think $1000 will come within 24hrs of it crossing $940. but its hard to predict how long it takes to move past the current 880-920 range. maybe 3-4 days, maybe we sit here for a week or two

Let the bulls take their breathe, but I really would like to see $1,000 broken before the new year, we still have one week to go.

[Lionidas]

Correction to 830 ?

from where you guys are matching the rates, i find it 878$ on preev , even on tradingview the rates are similar??

It has been all over the board. Even on preev.com
Have been watching it jump from $890 all the way down to $876 in just a half an hours time.
So it has not settled down yet.
Just have to wait until the cat stops jumping on it's new ball of yarn and just decides to give it a rest a bit.

[BitcoinNewsMagazine]

Happy Holidays! I would prefer to see price action take a break and hover around $900 for a week or two then a new ATH in the New Year. I hope we could have steady increase and avoid the parabola, but I expect that will be the case, a sharp spike up then a crash once again.

[klondike_bar]

Dips being aggressively accumulated. Have a feeling the weekly wants to close under 920, so that's a hard trailing stop for anyone doing one of those greedy scalps. I highly doubt next week's lower wick will be in this week's candle much, so buy any dip and get ready to break $1000.

You mean $1,000 will be broke before the new year ?

i think $1000 will come within 24hrs of it crossing $940. but its hard to predict how long it takes to move past the current 880-920 range. maybe 3-4 days, maybe we sit here for a week or two

Let the bulls take their breathe, but I really would like to see $1,000 broken before the new year, we still have one week to go.

i want to say that the realistic next step is a 50% retrace, to ~$820, followed by months of consolidation.  But, i think crossing $900 was too significant a milestone, and likely the start of a 2013-esque bullrun that could go up into the $1400-2200 range within a month or two

Ive learned to just keep clear of leveraged trading though, and am hodling the majority of my coins for a longer duration

[JimboToronto]

Good morning Bitcoinland.

It seems that our frantic bull run has been slowed by resistance at $900 and we're still consolidating... presently $898 at Bitcoinaverage.

What will Santa Claus bring us? A nice gift or a lump of coal?

[gembitz]

I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.

^sells farm,hogs,wife....buys BTCitcoin!     ~moonshipzzz inkoming//^

[JimboToronto]

I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.

Your retirement funds are in fiat?

The very first coins I bought for $68 back in early 2013 were bought specifically as a retirement fund, or rather as a nest egg for my old age as I was already mostly retired. I was 64 years old at the time and had no real retirement funds per se.

This is why I accumulate and spend only when absolutely necessary.

Keeping your retirement funds in ever-devaluing fiat is silly. Overall, Bitcoin has increased in spending power while the value of fiat has dwindled.

[klondike_bar]

I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.

Your retirement funds are in fiat?

The very first coins I bought for $68 back in early 2013 were bought specifically as a retirement fund, or rather as a nest egg for my old age as I was already mostly retired. I was 64 years old at the time and had no real retirement funds per se.

This is why I accumulate and spend only when absolutely necessary.

Keeping your retirement funds in ever-devaluing fiat is silly. Overall, Bitcoin has increased in spending power while the value of fiat has dwindled.

the trick is the $ retirement accounts are best used to invest in the stock market. basic intelligent investing will have a better return (3-7%) than the rate of inflation (2-3%)

[practicaldreamer]

I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.

Your retirement funds are in fiat?

The very first coins I bought for $68 back in early 2013 were bought specifically as a retirement fund, or rather as a nest egg for my old age as I was already mostly retired. I was 64 years old at the time and had no real retirement funds per se.

This is why I accumulate and spend only when absolutely necessary.

Keeping your retirement funds in ever-devaluing fiat is silly. Overall, Bitcoin has increased in spending power while the value of fiat has dwindled.

the trick is the $ retirement accounts are best used to invest in the stock market. basic intelligent investing will have a better return (3-7%) than the rate of inflation (2-3%)

Property and other personal tangible assets aside, I reckon maybe 80% of my net worth is in stocks (and bonds unfortunately - via my pension scheme - they are statutorily bound to invest in (low yielding) bonds - low risk etc ). I am exposed to gold in an ETF, and of course bitcoin for the rest.
I'm not so sure about having the gold in an ETF TBH, though it has been giving good returns. Just a bit worried about their solvency long term. Just seems better than holding physical gold, for various reasons.
I have considered diverting some of my pension funds to an BTC ETF myself - but on balance I'd prefer, for the reasons stated by lightfoot, to hold my own, so to speak.

[ssmc2]

China taking us up again? 

[practicaldreamer]

What happened to Stolfi on this thread ?

I miss his intelligent lack of nous.

[gembitz]

/\BTCITCOIN===>$1000
*then TO THE MOON!//^


  

[anonbit992]

Good morning Bitcoinland.

It seems that our frantic bull run has been slowed by resistance at $900 and we're still consolidating... presently $898 at Bitcoinaverage.

What will Santa Claus bring us? A nice gift or a lump of coal?

It is hard to say but I am expecting bitcoin to give some decent returns to all the holders. I think bitcoin can cross 1000 USD by Jan 1, 2017. The move has already began, we can see some selling and side ways movement in price, but it will take off eventually.

[hulla]

Xmas correction to 860$ and then rocket goes to moon?

Is not even $860. It was $800 and now the price it going $900 cos the current price is $899. Rocket does go to the moon

[Raja_MBZ]

Xmas correction to 860$ and then rocket goes to moon?

Is not even $860. It was $800 and now the price it going $900 cos the current price is $899. Rocket does go to the moon

I hope it comes back to $800 for some time, I'm prepared to purchase more of bitcoins for $800, but not for more than that.

Bitcoin is sustaining the price of $899-$900 today by the way.

[rogerwilco]

Is this not a head and shoulders forming?

[jbreher]

I'm not so sure about having the gold in an ETF TBH, though it has been giving good returns. Just a bit worried about their solvency long term. Just seems better than holding physical gold, for various reasons.

I hope you are already aware that there is nowhere near enough actual gold in the world to redeem each unit of 'paper gold'.

[jbreher]

I'm prepared to purchase more of bitcoins for $800, but not for more than that.

Best of luck - you may end up crying with a big pile of stinky fiat in your hand as the price moons.

[practicaldreamer]

I'm not so sure about having the gold in an ETF TBH, though it has been giving good returns. Just a bit worried about their solvency long term. Just seems better than holding physical gold, for various reasons.

I hope you are already aware that there is nowhere near enough actual gold in the world to redeem each unit of 'paper gold'.

Yes - that is my concern. I'm just hoping that the circumstances under which the paper might ever need to be redeemed are a long way away I suppose. But it is a bit of a gamble, I grant you. People were saying the same thing about credit in 2007.
I'd love some physical gold, but a) not the same tax advantages in the UK  and b) security concerns.

What you really need is a fireproof and obfuscated passphrase to your wealth held in your possession. Something like this :-



No tax advantages - but it has outperformed all my other investments by a country mile over the last few years.

God bless the Chinese - God bless us all.

[Fakhoury]

Happy Holidays Bitcoiners!