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

[spooderman]

what do you think guys is 3.2k USD a good price to start selling my stash ?
 

only sell when btc price is 1 M usd

21 trillion market cap?

now that is optimism.

[rjclarke2000]

Surely 10k is realistic in the future? That's always been my target. Even then, selling may not even be necessary.

[marcus1986]

Call me crazy, but I sold a nice chunk of BTC this AM and shorted BTC.

Rippp

Good luck BayAreaCoins Your short will become a fuel to new ATH

[Fakhoury]

I'm seeing 937 where is this 1000? I'm no trader and don't look at btc charts or exchanges. Does 1000 look possible in the next 24 hours? Is it critical?


Edit. Those women are insane. Take my bitcoins

Look at the lower half of my screenshot my bullish friend

[spooderman]

anyone got the data for finex shorts+longs?

[notme]

Surely 10k is realistic in the future? That's always been my target. Even then, selling may not even be necessary.

At the very least an exchange to a different cryptocurrency will likely be necessary.  It is doubtful that BTC will be able to handle enough transaction volume to become a widely used transactional currency.  BTC's primary role will be store of value and settlement.  Less secure networks will be used for small value transactions due to lower fees.

[gembitz]

Call me crazy, but I sold a nice chunk of BTC this AM and shorted BTC.

^eats shirt ! 

[PoolMinor]

anyone got the data for finex shorts+longs?

https://bfxdata.com/positions/btcusd

[notme]

anyone got the data for finex shorts+longs?

bfxdata.com
or
bitfinex.com/stats

[spooderman]

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?

[Ibian]

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.

[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.