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

[JayJuanGee]

Weak hands get out. Whales don't be greedy, give thine coins for the current price to those who have none.

You have had three years to buy... .... so time to appreciate any pump and hoarding that is occurring (because that is going to cause the price of all coins to go up).. .. in other words, if you failed, refused, forgot or sat on your ass in the coins accumulation process, buy now or cry later.    

I wasn't serious it was just tongue and cheek reverse psychology.

Fair enough...

I do think that there are going to be a lot of folks who are kicking themselves about not accumulating enough coins, or by selling too many at lower prices.

Sold my coins at $500  each.
I feel ill.
 

Exhibit A   

[AZwarel]

Won't sleep until 1000$ in CNY )

Yeah... right..

Yeah, i have cheated, fall asleep at ~970$ in CNY. When i woke up, it only took 3 hours to reach the 1k$ was only off about 13 hours, not that bad.

[snipie]

Yeah, i have cheated, fall asleep at ~970$ in CNY. When i woke up, it only took 3 hours to reach the 1k$ was only off about 13 hours, not that bad.

The price didn't pass the $1k right?
Anyway i will Keep an eye on https://tradeblock.com/markets/stmp/xbt-usd/30m/ 
The Chinese exchanges gonna break the $1000 soon and guess who will follow them
Go bitcoin you can do it before 2017

[r0ach]

Sold my coins at $500  each.
I feel ill.
 

Bitcoin, master of the shakeout.

[AZwarel]

Just read this, very nice analysis about how and why hype cycles form, push up the price, than deflate after the peak. Awesome read, and based on it, we are about to see the next bull run!

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.tfsxpyns2

[HI-TEC99]

I bought 10 coins in November at approx 700. Is that a small amount compare to other ppl here? Maybe I should buy more?? This is my first post!

1,000,000 = Satoshi
100,000 = Sea Monster
10,000 = Whale
1,000 = Shark
100 = Sturgeon
10 = Mackerel
1 = Sardine
0.1 = Plankton

Btw, did you say you were new here?

* yefi whips out his hazing stick

If 0.1 = Plankton what are the people with 0.01 or less? Newbies often start by using faucets that pay peanuts. It takes them weeks or months to get 0.01 from them. Are they plankton poo until they get 0.1?

[tonyq]

I wonder how the person that wrote this feels right now?
 

https://saltsha.com/rest-peace-bitcoin-2008-2014/

[Torque]

Just read this, very nice analysis about how and why hype cycles form, push up the price, than deflate after the peak. Awesome read, and based on it, we are about to see the next bull run!

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.tfsxpyns2

Decent article, but completely disregards the 'halving' events in bitcoin's lifecycle.  These events can have a profound impact on price determination and creating a new higher floor.

The author wants to believe that all price action is completely attributed purely to wavering demand and adoption, and disregards 'supply' issuance (i.e., miners' ROI).

[AZwarel]

Just read this, very nice analysis about how and why hype cycles form, push up the price, than deflate after the peak. Awesome read, and based on it, we are about to see the next bull run!

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.tfsxpyns2

Decent article, but completely disregards the 'halving' events in bitcoin's lifecycle.  These events can have a profound impact on price determination and creating a new higher floor.

The author wants to believe that all price action is completely attributed purely to wavering demand and adoption, and disregards 'supply' issuance (i.e., miners' ROI).

Actually, there is a good explanation in the comments, where it is stated, that bitcoin follows this fractal cycle again and again because of inelastic supply  (which is a built in function, and halvings are part of it).

That is why bitcoin can go through new cycles until it reaches the "vertical increase of majority adoption", as the supply (the production of the goods in increased demand) can not adopt to the change in demand, so, that is also an empiric evidence, that demand for bitcoin IS growing through time (since the creation of new bitcoins is at a predetermined, fixed rate, no matter the hash rate/demand increase on the long run, unlike other assets, so can not reach a stable marginal profit rate).

[Ibian]

I bought 10 coins in November at approx 700. Is that a small amount compare to other ppl here? Maybe I should buy more?? This is my first post!

1,000,000 = Satoshi
100,000 = Sea Monster
10,000 = Whale
1,000 = Shark
100 = Sturgeon
10 = Mackerel
1 = Sardine
0.1 = Plankton

Btw, did you say you were new here?

* yefi whips out his hazing stick

If 0.1 = Plankton what are the people with 0.01 or less? Newbies often start by using faucets that pay peanuts. It takes them weeks or months to get 0.01 from them. Are they plankton poo until they get 0.1?

If you only have 0.01 by now then you will never make enough for anyone to notice or care. The upside is huge, but not THAT huge.

[AZwarel]

That 1700 BTC wall on stamp looks totally phony..i wonder how many actual buys it is going to be to reach 1000$, at the price of 980$ why would suddenly there be a huge sell-off when the trend is obviously gonna be way higher than a mere 1k$?

[2017Bubble]

That 1700 BTC wall on stamp looks totally phony..i wonder how many actual buys it is going to be to reach 1000$, at the price of 980$ why would suddenly there be a huge sell-off when the trend is obviously gonna be way higher than a mere 1k$?

The bigger the kaboom effect will be

[Lionidas]

Yeah, i have cheated, fall asleep at ~970$ in CNY. When i woke up, it only took 3 hours to reach the 1k$ was only off about 13 hours, not that bad.

The price didn't pass the $1k right?
Anyway i will Keep an eye on https://tradeblock.com/markets/stmp/xbt-usd/30m/ 
The Chinese exchanges gonna break the $1000 soon and guess who will follow them
Go bitcoin you can do it before 2017

No it has gotten to $975 and holding right now.
Maybe by morning at this pace.

[HyphyBTC]

That 1700 BTC wall on stamp looks totally phony..i wonder how many actual buys it is going to be to reach 1000$, at the price of 980$ why would suddenly there be a huge sell-off when the trend is obviously gonna be way higher than a mere 1k$?

Some walls are put up to stall the price to give time for fiat deposits to show up, some walls are put up to gobble any coins front running to get more coins in a certain range, some walls are put up by buyers who want the effect of crossing $1000 to be bigger. It's either something like that or they are crazy.

[unknown04]

I felt stupid for not getting more bitcoins during the dip.... now it's almost $1k.... :cries:

[r0ach]

[yefi]

If 0.1 = Plankton what are the people with 0.01 or less? Newbies often start by using faucets that pay peanuts. It takes them weeks or months to get 0.01 from them. Are they plankton poo until they get 0.1?

lol, well, whatever they are, they're microscopic or submicroscopic.

[marcus_of_augustus]

Just read this, very nice analysis about how and why hype cycles form, push up the price, than deflate after the peak. Awesome read, and based on it, we are about to see the next bull run!

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.tfsxpyns2

Decent article, but completely disregards the 'halving' events in bitcoin's lifecycle.  These events can have a profound impact on price determination and creating a new higher floor.

The author wants to believe that all price action is completely attributed purely to wavering demand and adoption, and disregards 'supply' issuance (i.e., miners' ROI).

Yep. There also seems to be wide body of accepted thought now that bitcoin price will skyrocket to some new high and then crash back down again ... reduced supply and increased demand almost assure that the price seeks some new higher equilibrium. What would be the contrarian trade at this point is if bitcoin went to a new high ... and didn't crash but just plateaued, and stayed there.

[Paashaas]

Mainstream media are hyping Bitcoin as a store of value and to shield themselfs for the current economic problems but warning uss for the volatile movements....hmmm, Bitcoin is ultimate by low sell high asset, traders love volatile

I cant believe it, i'm rubbing my eyes a few times but almost $1000...we might see a acceptable dump during new years eve ore it coud blow up crushing the old ATH. Dumps ore buy-in tends to happen during times when people having a harder time to move fiat into the exchanges.

[lemmyK]

http://www.zerohedge.com/news/2016-12-28/india-fears-run-banks-capital-controls-and-withdrawal-limits-continue

Bitcoin is brilliant but very fragile. if it had cost  so why not  accumulate him  US government??. in difficult times will be difficult to live from Bitcoin.(after emp s) So the revenues from bitcoin YOU should be enjoy until you can change it to a fiat without problems..
One hacked exchange and we are back to 500..
Where you spend or put  fiat changed from BT if the EU ban fiat income/transfer  from bitcoin exchanges all form the world ??   http://bitcoinvision.net/blog/norway-bitcoin-foundation-loses-bank-account/

If this hypotetical situation occurs. (has moreover already threatened many times by the government in china)

Will you convert bt to fiat  with a big loss in Indonesia or  Macau ?  or you buy a house or apartment for  retirement. but you will not have enough fiat on daily spending. or you buy 1000 games on Steam and you will eat them for several years,pay doctor etc..

If converting  to fiat will very limited  worldwide because of the EU ban and other governments ban ... hmm??  
where is 60 million fromBT exchange which has been hacked(inside job or us gov), and no one there start to investigate.