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

[JayJuanGee]

I already have enough BTC but just bought 6 more.....


highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!

NOW.... (if you didn't sell on the dip)    you are looking like a genius....    hahahaha   

Saved by the fomo of others and pumpers... thank you....

[lemmyK]

https://cointelegraph.com/news/1000-before-jan-1-look-at-india   yes its pro-bitcoin server.. but

demonetization problem in India has not solution in future.. its bad and good for something.. . so the bitcoin "engine" will an is after china, india

[egghead123]

BTCUSD, W1, 2016.12.27 19:57 UTC




BTCUSD, MN1, 2016.12.27 19:57 UTC

[JayJuanGee]

I'm thinking the powers that be wants to see the price over 1k before years end. Would make awesome headlines.

There are no powers that be in bitcoin...

There are some people who want the price to go up, and there are others who want the price to go down, and those that who want the price to go up are winning, at the moment... and some of us benefit from that momentum (and winning)

[Ibian]

I'm thinking the powers that be wants to see the price over 1k before years end. Would make awesome headlines.

There are no powers that be in bitcoin...

There are some people who want the price to go up, and there are others who want the price to go down, and those that who want the price to go up are winning, at the moment... and some of us benefit from that momentum (and winning)

The biggest players keep getting more coins. And they are controlling the market.

[JayJuanGee]

Ok admit it guys.... $1000 is boring. None of us are gonna be rich with $1000/btc.... that is not moon! What happened to the good old 10X to 50X rises in price? Those were the real bitcoin rallys! Now everyone is getting excited about a 5% move lol....

$10K/btc or bust.... even $5K/btc and I may consider quitting my job.... until then we will continue being corporate slaves at $1000/btc

I don't think that we are getting excited about a 5% price move.

I think that a lot of folk here are getting excited that there has been more than a 50% move in less than 3 months, no real meaningful correction and seemingly really decent support for an additional launch into higher territories.

Whether such exponential launch happens right now or a bit later, the foundations for such an exponential launch are looking better and better.

I think that everyone knows that it becomes more and more difficult to move the market exponentially when the market cap grows, which makes 50x and even 10x to be much more difficult (at least requiring a lot more capital).. Those kinds of rises at this point are not impossible, and they truly would be amazing (even though it may not be prudent to bank on such a rise). 

Currently, it seems as if we are getting enough upward price momentum to test the dollar ATH within the coming week or so.. and we truly should be taking this one step at a time, rather than getting ahead of ourselves and expect either a 10x or a 50x rise without some smaller and more incremental steps first...   Am I be wrong?

[GreekGeek]

trying to compare the data from 2013.

there seems to just be generally less volume on exchanges. even taking into account the more expensive price, are there just way more exchanges now that are spreading the volume out?

edit: where we are at now most reminds me of Oct 29th 2013 which would suggest we were about to go absolutely mental over the next month which is possible.

my only qualm is that the late 2013 bubble is the one i have the least faith in. people were buying coins because they couldn't get cash out of MtGox any other way.

stats would really help here.

what you all think?

check  bitcoinaverage.com  you can see the whole price history as well as volume
keep in mind that the volume is in BTC and not in USD (fiat) , a rough calculation will show that USD volume  (or fiat in general) is actually quite high and only Oct-Dec 2013 USD volume is higher than now

[podyx]

trying to compare the data from 2013.

there seems to just be generally less volume on exchanges. even taking into account the more expensive price, are there just way more exchanges now that are spreading the volume out?

The secret sauce is that the main rally has not begun yet. The volume will come.

This.

The volume isn't dry because nobody is buying. It is dry because nobody is selling.

[HI-TEC99]

my only qualm is that the late 2013 bubble is the one i have the least faith in. people were buying coins because they couldn't get cash out of MtGox any other way.

If they were all buying coins to get cash out of MtGox they would have immediately dumped them on another exchange and banked the money. More of them must have continued holding than were selling otherwise the price wouldn't have bubbled. 

[GreekGeek]

my only qualm is that the late 2013 bubble is the one i have the least faith in. people were buying coins because they couldn't get cash out of MtGox any other way.

If they were all buying coins to get cash out of MtGox they would have immediately dumped them on another exchange and banked the money. More of them must have continued holding than were selling otherwise the price wouldn't have bubbled. 

this is exactly what happened , it's what I did too !!

after the "small" bubble @230 USD I cashed out and decided I would withdaw some USD from Gox but I couldn't, I only managed to withdraw my initial investment  and then delays delays delays.
So what I did next was to buy back and move to bitstamp, which was what others did too, the price was skyrocketing, so I thought "Why sell ?" 

[spooderman]

my only qualm is that the late 2013 bubble is the one i have the least faith in. people were buying coins because they couldn't get cash out of MtGox any other way.

If they were all buying coins to get cash out of MtGox they would have immediately dumped them on another exchange and banked the money. More of them must have continued holding than were selling otherwise the price wouldn't have bubbled. 

i'm not saying they wanted "fiat" cash, but just that people were seriously dubious about gox's solvency and wanted to get out of it. and the run for the exits involved buying bitcoin with cash inside the (then) dominant exchange. this is funnily enough a description of china.

with bitcoin it's always a run for the exits. just as andreas has started saying lately.

[savetherainforest]

BEAR TRAP!!! @#%! ... TAKE COVER!!!

[rjclarke2000]

Interesting to see what happens here

[JimboToronto]

BEAR TRAP!!! @#%! ... TAKE COVER!!!

Minor correction. We did go up awfully fast.

No big thing.

[Spaceman_Spiff]

check  bitcoinaverage.com  you can see the whole price history as well as volume
keep in mind that the volume is in BTC and not in USD (fiat) , a rough calculation will show that USD volume  (or fiat in general) is actually quite high and only Oct-Dec 2013 USD volume is higher than now

cool site

[Fakhoury]

BEAR TRAP!!! @#%! ... TAKE COVER!!!

Minor correction. We did go up awfully fast.

No big thing.

[JimboToronto]

check  bitcoinaverage.com  you can see the whole price history as well as volume
keep in mind that the volume is in BTC and not in USD (fiat) , a rough calculation will show that USD volume  (or fiat in general) is actually quite high and only Oct-Dec 2013 USD volume is higher than now

cool site

It's been my go-to since the Finex hack.

Not only does it have the most accurate price averaging over the most exchanges, weighted by volumes while excluding zero-fee exchange volumes, it's also used as the base price reference for most BTC ATMs here.

It represents real-world pricing better than any individual exchange and does so in the most currencies.

[Ibian]

check  bitcoinaverage.com  you can see the whole price history as well as volume
keep in mind that the volume is in BTC and not in USD (fiat) , a rough calculation will show that USD volume  (or fiat in general) is actually quite high and only Oct-Dec 2013 USD volume is higher than now

cool site

It's been my go-to since the Finex hack.

Not only does it have the most accurate price averaging over the most exchanges, weighted by volumes while excluding zero-fee exchange volumes, it's also used as the base price reference for most BTC ATMs here.

It represents real-world pricing better than any individual exchange and does so in the most currencies.

I have had that site open for 3 years straight. But I gotta say I liked the old version better.

[abercrombie]

Awesome oldie thread:   I'm All In - Sold My House!  

This guy made the huge gamble, sweated thru thick and thin and now he's killin it!

[Burning_Man]

Just bought $4k worth of coins from coinbase.

Will have them on the 3rd.


Hopefully the price will get up to $1200 by then, and not sink.