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

[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)

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

I don't know about that... where's your evidence?

Sure, there are always ways for the rich to get richer, but there are also ways for smaller players to attempt to profit from the whole situation (including this most recent price rise if they had enough foresight to hang onto a large majority of their coins and/or engage in other wealth preservation and/or accumulation strategies). 

[JayJuanGee]

"You've got to know when to hold 'em, know when to fold 'em,"

All I know is bitcoin experiences great pumps and spectacular dumps. I would be surprised if this was not the case this time.

I can picture all those who held coins from the epic pump of 2013 waiting for ROI. Fingers resting on triggers.

All it takes is for some of the big boys to pull triggers and all hell breaks loose.

Sorry to put a damper on the Holiday joy but we need to be realistic. We are on thin ice.

Hope I'm wrong and bitcoin keeps surging ahead.

Sure a dump can happen anytime, yet your fictional description of some folks waiting for 3 years to get into the green is nearly pure fictional and based on some outlier case(s). 

In other words, bitcoin is in a very good position right now, even though there has been about a 3 month pump with more erratic upward behavior in the past week...   In any event, currently, we seem to have very decent price pressures to both break through $1k and likely to be able to test the ATH.. or at least come within reach of it in the coming week or two.

[orpington]

$254.90 on Stamp. The bears are out in force by the looks of it, I'm feeling pretty negative at the moment, still going to HODL as usual obviously, I understand bitcoin is a long term investment but this XT bull shit with Hearn & Gavin is causing the price to tank imo. Weak hands are panicking & getting out

This price dip is nothing compared to the crash that would happen sometime next year when Core Dev allows the 1MB to cripple legitimate user tx throughput.

Wonderful prediction by the BU , Classic and XT crowd. 6+ months of "full blocks" and the price has been steadily appreciating and no "tx fee death spiral"

haha, yeah I remember those guys.

The sky is falling! lol

[jbreher]

I'm reading all these posts to my wife and explaining what's happening. Guess what? She's shows no interest as usual just like the general public.

I suppose she is sick of listening to it all from me for the past few years.

My wife's reply: "It's all monopoly money to me".

[rjclarke2000]

I'm reading all these posts to my wife and explaining what's happening. Guess what? She's shows no interest as usual just like the general public.

I suppose she is sick of listening to it all from me for the past few years.

My wife's reply: "It's all monopoly money to me".

I want to keep it all quiet but I can't help it. It's either I tell her all about it or she'll think I am having an affair the amount I check my phone. The battery doesn't last long during pumps.

[2017Bubble]

[yefi]

I can picture all those who held coins from the epic pump of 2013 waiting for ROI. Fingers resting on triggers.

Can you, because I can't? How many of these strange and incredible people who defy normal human psychology do you envisage?

[brokedummy]

Haven't sold a single satoshi on the way up this time. Feels good to gamble all in btc and win each day.

[notme]

I can picture all those who held coins from the epic pump of 2013 waiting for ROI. Fingers resting on triggers.

Can you, because I can't? How many of these strange and incredible people who defy normal human psychology do you envisage?

Counting today, 5 of the top 20 days in bitcoin history for BTCUSD price have been the past 5 days.  Only 8 days have been higher than current prices.  It doesn't seem like there would be a large group of people who bought on those 8 days and decided to wait 3 years to see if bitcoin could recover.

[Fakhoury]

We are on the move !!!

[boyshx]

BTC in Huobi @ 980 got me liiiiiving

[Fakhoury]

[Meuh6879]

Whouuuhouu ! 900 euros !

[BlackSpidy]

Gah, you guys talk too much. There's just no keeping up. I'm a firm believer in the motto "buy when there's blood in the streets, sell at the sound of trumpets" problem with bitcoin is that if you time the sound of trumpets wrong, you ether miss out or you get wrecked with a losing short. We're doing great, market cap is the highest it's ever been, soon to be followed by the price. I think the market cap indicates that the market has finally recovered from MtGox, three years ago. And I'm amazed at how quickly our little asset that could has bounced off of a bubble where the price increased 100 times initial value in a year and a few months. Bitcoin has seen price increase every single year except 2014. The closing price of bitcoin in 2011 saw it at a 1,100% increase over its opening price that year. 2012 saw a 116% increase, 2013 saw an incredible and bubble-tastic 6,053% yearly price increase. 2014 saw a 60% drop in price, 2015 saw a 49% increase in price and 2016 is shaping up to hold a 100+% increase.

I got in 2015, when the nay-saying was at its maximum. I wanted to check bitcoin instead of relying on internet sources. I was hopeful. My first post here was that of hope. February 18th, 2015... I said we'd reach $900 by 2017. And, well... what else is there to say? Be careful, dont over-leverage, and don't get cocky. Best of luck, everyone.

[Fakhoury]

Gah, you guys talk too much. There's just no keeping up. I'm a firm believer in the motto "buy when there's blood in the streets, sell at the sound of trumpets" problem with bitcoin is that if you time the sound of trumpets wrong, you ether miss out or you get wrecked with a losing short. We're doing great, market cap is the highest it's ever been, soon to be followed by the price. I think the market cap indicates that the market has finally recovered from MtGox, three years ago. And I'm amazed at how quickly our little asset that could has bounced off of a bubble where the price increased 100 times initial value in a year and a few months. Bitcoin has seen price increase every single year except 2014. The closing price of bitcoin in 2011 saw it at a 1,100% increase over its opening price that year. 2012 saw a 116% increase, 2013 saw an incredible and bubble-tastic 6,053% yearly price increase. 2014 saw a 60% drop in price, 2015 saw a 49% increase in price and 2016 is shaping up to hold a 100+% increase.

I got in 2015, when the nay-saying was at its maximum. I wanted to check bitcoin instead of relying on internet sources. I was hopeful. My first post here was that of hope. February 18th, 2015... I said we'd reach $900 by 2017. And, well... what else is there to say? Be careful, dont over-leverage, and don't get cocky. Best of luck, everyone.

Well said, BlackSpidy.

And this.

[savetherainforest]

1100$ in the next 24h..

[jbreher]

I'm reading all these posts to my wife and explaining what's happening. Guess what? She's shows no interest as usual just like the general public.

I suppose she is sick of listening to it all from me for the past few years.

My wife's reply: "It's all monopoly money to me".

I want to keep it all quiet but I can't help it. It's either I tell her all about it or she'll think I am having an affair the amount I check my phone. The battery doesn't last long during pumps.

Oh, she knows. So far, she's been happy to let me HODL. Let's just say we are both guardedly optimistic about our retirement years.

[savetherainforest]

Haven't sold a single satoshi on the way up this time. Feels good to gamble all in btc and win each day.

G-force being expected...  

[yefi]

Approaching the 78.6% fib line. Doubt it will prove resistance, but guess you never know:

Counting today, 5 of the top 20 days in bitcoin history for BTCUSD price have been the past 5 days.  Only 8 days have been higher than current prices.  It doesn't seem like there would be a large group of people who bought on those 8 days and decided to wait 3 years to see if bitcoin could recover.

Yes, absolutely. I count just ten days where price was higher. How many days have there been since then, over 1000?

[2017Bubble]