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

[JayJuanGee]

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

Nice.... !!!

I read the whole thing, and it remains quite applicable, even though it appears to have been written a couple of months ago.

[lemmyK]

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

Nice.... !!!

I read the whole thing, and it remains quite applicable, even though it appears to have been written a couple of months ago.

The best part. Thus, from what we know so far about bitcoin and around it.

--I believe that the pattern is a fairly pure representation of the psychology of large groups of independent speculators each attempting to act rationally trading a rapidly appreciating asset. The primary motivators of these movements are greed and fear and are fundamental to human nature. The bull run happens due to a tipping point of hype where greed and fear of missing out (FOMO) take hold and speculative fervor ensues. More speculators see this and jump on the bandwagon, accelerating the run. Eventually, the return for the initial speculators grows so large, their fear of losing the money they have earned outweighs their greed for more and they begin to sell. The price increase has been far too rapid to possibly be legitimate.--

[JayJuanGee]

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.

Yeah... right now (or let's say a few weeks ago), you should have started out with anywhere between 1 to 10 BTC minimum, and as the price goes up, you will be able to sell off some of them here and there in order to lock in profits or to spend some of it or to attempt to accumulate more, etc, etc.

And then maybe end up with 30  to 80% of your original holdings at various points down the road when prices are exponentially higher than they are now.. such as $10k for each coin or $100k each (if those kinds of  price points are realized)

[jbreher]

Mainstream media are hyping Bitcoin as a store of value

Cool! Links?

[savetherainforest]

"You scary!"  




This one is scary!  

Because the projection would show the top being outside the chart...  

[JayJuanGee]

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

Nice.... !!!

I read the whole thing, and it remains quite applicable, even though it appears to have been written a couple of months ago.

The best part. Thus, from what we know so far about bitcoin and around it.

--I believe that the pattern is a fairly pure representation of the psychology of large groups of independent speculators each attempting to act rationally trading a rapidly appreciating asset. The primary motivators of these movements are greed and fear and are fundamental to human nature. The bull run happens due to a tipping point of hype where greed and fear of missing out (FOMO) take hold and speculative fervor ensues. More speculators see this and jump on the bandwagon, accelerating the run. Eventually, the return for the initial speculators grows so large, their fear of losing the money they have earned outweighs their greed for more and they begin to sell. The price increase has been far too rapid to possibly be legitimate.--

You are quoting out of context.

The article describes points in which hype bubbles occur, and it is not asserting that bitcoin is generally in a bubble but instead that there have been 5 historical times in which bubbles have occurred, and he expects that pattern to repeat at least a couple or a few more times.. and we are not in such a bubble at the moment.. but it is not always clear when we are at the top of such a bubble when they do occur.

[sidhujag]

Wanna make $15k usd? Read white paper for syscoin and join us on slack at 12pm pst tom

I wipe my ass with $15K usd.... get the f-- outta here

Relax hero.. u dont like money thats fine. Im funding out of my own pocket.

I read Moby Dick for nothing once. For fifteen grand I'll read anything you want. I'll throw in my soul for free.

Heh cya there

I hope there won't be a test. I'm already bored. It's an alt coin 

Heh read the mechanism design part of the WP and i will prove to you the technology behind it

[unknown04]

Buy the dip now and get ready to take off to a whole new level ?

[JayJuanGee]

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.

Actually, I agree that a variety of these factors could be occurring simultaneously and maybe not even really coordinated exactly, except maybe by some signaling, and also a funny thing about what a person might be able to do if he is willing to put a lot of coins up... and the stalling for fiat to arrive could be one of those attempted strategies that may or may not play out.  If a guy has a lot of money on an exchange, he could get additional money there in less than one business day, no?

[sidhujag]

Buy the dip now and get ready to take off to a whole new level ?

Technically imo we headed below 400.. but maybe big buyers present.. soon as euphoria is over id like to see alts rise with bitcoin thats when i know it will be the big one...

Disclosure i have over 20 yrs experience trading equities and forex. You get a feel for swings and movements.

[JayJuanGee]

Buy the dip now and get ready to take off to a whole new level ?

Technically imo we headed below 400.. but maybe big buyers present.. soon as euphoria is over id like to see alts rise with bitcoin thats when i know it will be the big one...

Disclosure i have over 20 yrs experience trading equities and forex. You get a feel for swings and movements.

Yeah... you get the feeling that you want to denigrate bitcoin because you want to pump your stupid-ass alt in the wrong thread..

get your ass over to the alts section with other pump and dump distractors

[sidhujag]

Buy the dip now and get ready to take off to a whole new level ?

Technically imo we headed below 400.. but maybe big buyers present.. soon as euphoria is over id like to see alts rise with bitcoin thats when i know it will be the big one...

Disclosure i have over 20 yrs experience trading equities and forex. You get a feel for swings and movements.

Yeah... you get the feeling that you want to denigrate bitcoin because you want to pump your stupid-ass alt in the wrong thread..

get your ass over to the alts section with other pump and dump distractors

Anyone that knows me will tell you ive been saying it for a while now.. no.worries mate... thought a xmas gift giving would cheer.ya up...maybe one day you will also be in a position to give.back.... perhaps not with that attitude

[jbreher]

Buy the dip now and get ready to take off to a whole new level ?

Technically imo we headed below 400.. but maybe big buyers present.. soon as euphoria is over id like to see alts rise with bitcoin thats when i know it will be the big one...

Disclosure i have over 20 yrs experience trading equities and forex. You get a feel for swings and movements.

Yeah... you get the feeling that you want to denigrate bitcoin because you want to pump your stupid-ass alt in the wrong thread..

get your ass over to the alts section with other pump and dump distractors

Anyone that knows me will tell you ive been saying it for a while now.. no.worries mate... thought a xmas gift giving would cheer.ya up...maybe one day you will also be in a position to give.back.... perhaps not with that attitude

JJG's got a valid point. The mods have so far let you slide with your altcoin pumping in this Bitcoin thread. I'm sure they'll delete it when they notice. So thanks for the xmas present. Now vamoose back to the dank corner of this site where altpumpage is on-topic.

And happy holidays to you too.

[BlindMayorBitcorn]

[sidhujag]

Buy the dip now and get ready to take off to a whole new level ?

Technically imo we headed below 400.. but maybe big buyers present.. soon as euphoria is over id like to see alts rise with bitcoin thats when i know it will be the big one...

Disclosure i have over 20 yrs experience trading equities and forex. You get a feel for swings and movements.

Yeah... you get the feeling that you want to denigrate bitcoin because you want to pump your stupid-ass alt in the wrong thread..

get your ass over to the alts section with other pump and dump distractors

Anyone that knows me will tell you ive been saying it for a while now.. no.worries mate... thought a xmas gift giving would cheer.ya up...maybe one day you will also be in a position to give.back.... perhaps not with that attitude

JJG's got a valid point. The mods have so far let you slide with your altcoin pumping in this Bitcoin thread. I'm sure they'll delete it when they notice. So thanks for the xmas present. Now vamoose back to the dank corner of this site where altpumpage is on-topic.

And happy holidays to you too.

Ive never partaken in such activties before if you would read ny WP you will see it benefits bitcoiners as much or more than said altcoin community. Perhaps that is part of the reason it persists to this point. Moving along.

[Ibian]

Sad.

[Fakhoury]

Sad.

Why ?

[spooderman]

Bitcoin still has a LONG way to go.

You know how I know? None of my non-techie friends, family, or colleagues have so much as heard anything about or mentioned this rise.   Even some of the techie ones have still yet to hear about it.

I've always said that I'll know that Bitcoin has truly made it when a certain few of them says to me, "So have you heard about this Bitcoin thing yet?"

that's GOOD news. because we are going crazy and no one else has even joined in yet.

last time we were in this range the media was going nuts, now they barely give a shit. but they will about $500 from now. then we get the next bubble which will make many of us here millionaires.

true story.

[SnokkomBTC]

Bitcoin still has a LONG way to go.

You know how I know? None of my non-techie friends, family, or colleagues have so much as heard anything about or mentioned this rise.   Even some of the techie ones have still yet to hear about it.

I've always said that I'll know that Bitcoin has truly made it when a certain few of them says to me, "So have you heard about this Bitcoin thing yet?"

that's GOOD news. because we are going crazy and no one else has even joined in yet.

last time we were in this range the media was going nuts, now they barely give a shit. but they will about $500 from now. then we get the next bubble which will make many of us here millionaires.

true story.

oh yes please

[Cassius]

Wanna make $15k usd? Read white paper for syscoin and join us on slack at 12pm pst tom

I wipe my ass with $15K usd.... get the f-- outta here

Relax hero.. u dont like money thats fine. Im funding out of my own pocket.

I read Moby Dick for nothing once. For fifteen grand I'll read anything you want. I'll throw in my soul for free.

I read Dickens' Great Expectations at school, not once but many times. Frankly, I'd want $15k to read the back cover again.
Moby Dick is like a high-speed car chase by comparison.

So this isn't deemed off-topic, I'll opine that we are still moving up steadily at this point, with a saw-tooth rise/pull back, always higher than before. There's very little hint of FOMO, and not a sign of the 20-30% daily blowoff top that generally happens with a bubble. Which would mean we haven't really started the fun yet.