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

[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]

[Meuh6879]

Because, it's not the end, Neo ...

[marcus_of_augustus]

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?

We're not quite there yet but if this keeps trucking then it's shaping up to be the 4th great speculative adoption wave .... and in that case then here's an estimated timeline of how things will play out (back of envelope)

i) we took approx. 1 year to double from ~$225 low to $450
ii) approx. 6 months to double from $450 to $900
...
iii) in 3 months time we will reach around $1800 (late March)
iv) 6 weeks after that we reach around $3600 (mid May)
v) 3 weeks after that we reach around $7200 (early June)
vi) epic blow-off top around $9588-$9800 occurs somewhere late in June.

PS: posting from General Nakamoto's headquarters inside Fort Consensus.

[Torque]

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.

Problem is, she'll act all indifferent and "it's only monopoly money" until a surprise divorce comes. Then she'll want her cut of the $$$ millions.  

Disclose accordingly...

[ImI]

double digits soon!

you can quote me.

i quote you. 

[ImI]

smart bears are waiting for double digits like I do.

you are not scaring anyone with fake bid walls and buys on illiquid exchanges.  

such a joy to read posts from 2015. 

[cmacwiz]

I am not sleeping until 1k. letsgooooooooooo

[BlindMayorBitcorn]

Glenn Gould was a communist.

¯\_(ツ)_/¯

I bet you it was this...

Back to 560s?

To market, to market, to buy a fat pig,
Home again, home again, jiggety-jig.  

I'm what we in the intelligence circles call a "Hungarian Code Mule," was passing some "happy" code for my spyfriend. Edward "Special Snowflake" Snowden, because NASA is watching him.

I don't really know what those launch codes mean :\

P.S. Did i say "intelligence circles"? Lol, major typo, disregard. I meant shoe! Shoe salesman circles.

I miss this guy most of all.

[protokol]

Holy shit, wish I had some renminbi's.

Huobi = 6833 CNY = $983
Bitfinex = $945
Bitstamp = $936

Some people are making a metric fuckton of money right now just from the arbitrage I suspect, that's a big spread.

[2017Bubble]

[monbux]

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.

If they did buy on the peak I am more than certain that they've also bought during and after the drops to try and lower the cost per coin.
ALSO, wtf @exchange spread?

[savetherainforest]

I am not sleeping until 1k. letsgooooooooooo