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

[Ted E. Bare]

Definitely happening!

[chesatochi]

Microsoft putting Bitcoin support into Office 365:

https://www.linkedin.com/pulse/five-office-365-features-horizon-2017-martin-butler

But....but... but.. why would they do that, if Bitcoin isn't the future?  Isn't Bitcoin that terrorist/drug monopoly money that the governments of the world will all outlaw soon?  /s

I think is awesome that giant will start to accept bitcoin like Microsoft. That will give to the bitcoin community to pay in bitcoin to access Office365 . Because they see the huge potential in this currency and they will add the choice to let people pay in bitcoin instead of using a credit card.

This is a very good news for the coming year of 2017

[JimboToronto]

Good morning Bitcoinland.

I wake to see almost no change... $963USD at Bitcoinaverage.

That's 3 days of pretty much sideways, an eternity by this December's standards.

If it stays here for the rest of the day, that's still a very good month and year.

It seems like only yesterday this place was full of threads speculating whether we'd finish the year in the $700s or $800s.

Instead we're trying to break $1000, many of us have already enjoyed new ATHs and it's not even a bubble yet. It has been correcting as it moves upward.

We're running out of time to break into quadruple digits in USD today, but all in all it's been a good year.

Cheers and a Happy New Year to all. May 2017 be as good.

[Pai Mei]

Looks like no BTC over $1000 this year

But from sub 300 to 900+ is already good enough

specially considering that end of year usually is dump time


I expect the $1000 barrier to be crossed somewhere in January

[JimboToronto]

Oh look, a wee rise... back up over $1300CAD. Keep this coming.

I'd love to be watching Bitcoinwisdom while counting in the new year.

[Ted E. Bare]

Fireworks on the charts Jimbo! Have a good one mate.

[HI-TEC99]

There's only 3.3k Bitcoins up to $1000 on finex, whereas it was a 7k sell wall yesterday. I thought that wall looked fake.

[savetherainforest]

Looks like no BTC over $1000 this year

But from sub 300 to 900+ is already good enough

specially considering that end of year usually is dump time


I expect the $1000 barrier to be crossed somewhere in January

Bite your tongue son!






The pump is coming! I can feel it... 

[practicaldreamer]

OK - looks like someone somewhere is having a final push for the line and wants BTC to end the year on a high note.
I'm in the UK - 6 hours to midnight. How far can the price go in 6 hours ?

What will be the price this time tommorrow ?

My guess - in the range $975 - $985 on Stamp

Happy New Year to all bitcoin evangelists everywhere - we are the early adopters still.

[hulla]

As I predicted, psychological resistance at 1000 $ worked. Daytraders were sunny because it was quite wavy, but I do not think it will take too long. In a few days,it will sit in a narrower space and consolidate his place.

Yes. It looks like $1000 is a good resistance for bitcoin and I don't think it will be taken out today. But by January 2017, we should
see bitcoin crossing $1000 mark in style. Until then, enjoy the new year celebration!

China shuts down for New Year. All its banks are closed and no money can get sent to exchanges from them. Bitcoin trading will be lame until those banks open again.

China celebrates western New Year?

I know they shut things down for like a week during Chinese New Year.

Yes, China celebrates western New Year, then celebrates its own New Year a month or so later.

The Hong Hong stock exchange closes for those same holidays. These are the dates for 2017.

https://www.hkex.com.hk/eng/market/sec_tradinfo/tradcal/nont10.htm

Securities Market is closed on Saturdays, Sundays and Public Holidays as specified below:

2-Jan-17 Monday The day following the first day of January
30-Jan-17 Monday The third day of Lunar New Year
31-Jan-17 Tuesday The fourth day of Lunar New Year

Not wonder why we have some slightly down in price of bitcoin but it not only China and Hong Kong celebrate the Western new year. Almost all the Asia celebration Western New Year.

[HI-TEC99]

OK - looks like someone somewhere is having a final push for the line and wants BTC to end the year on a high note.
I'm in the UK - 6 hours to midnight. How far can the price go in 6 hours ?

What will be the price this time tommorrow ?

My guess - in the range $975 - $985 on Stamp

Happy New Year to all bitcoin evangelists everywhere - we are the early adopters still.

It's 02:11 on Sunday, 1 January 2017 in China. That's too late for them to see $1000 Bitcoins in 2016. There's still a slim chance other countries might see $1000 Bitcoins in 2016, but a greater chance of sideways prices.

[PoolMinor]

OK - looks like someone somewhere is having a final push for the line and wants BTC to end the year on a high note.
I'm in the UK - 6 hours to midnight. How far can the price go in 6 hours ?

What will be the price this time tommorrow ?

My guess - in the range $975 - $985 on Stamp

Happy New Year to all bitcoin evangelists everywhere - we are the early adopters still.

It's 02:11 on Sunday, 1 January 2017 in China. That's too late for them to see $1000 Bitcoins in 2016. There's still a slim chance other countries might see $1000 Bitcoins in 2016, but a greater chance of sideways prices.

Ahhh but Hu boy did see $1000 BTC in 2016...they reached 6990 CNY.

[HI-TEC99]

OK - looks like someone somewhere is having a final push for the line and wants BTC to end the year on a high note.
I'm in the UK - 6 hours to midnight. How far can the price go in 6 hours ?

What will be the price this time tommorrow ?

My guess - in the range $975 - $985 on Stamp

Happy New Year to all bitcoin evangelists everywhere - we are the early adopters still.

It's 02:11 on Sunday, 1 January 2017 in China. That's too late for them to see $1000 Bitcoins in 2016. There's still a slim chance other countries might see $1000 Bitcoins in 2016, but a greater chance of sideways prices.

Ahhh but Hu boy did see $1000 BTC in 2016...they reached 6990 CNY.

I was unaware of the Chinese prices. I just checked BTCC and that reached 6966 ($1003), and OKcoin beat Hu boy by reaching 7007, so the top three China exchanges all reached $1000+ in 2016.

[nanobtc]

Microsoft putting Bitcoin support into Office 365:

https://www.linkedin.com/pulse/five-office-365-features-horizon-2017-martin-butler

But....but... but.. why would they do that, if Bitcoin isn't the future?  Isn't Bitcoin that terrorist/drug monopoly money that the governments of the world will all outlaw soon?  /s

That's great news, that MS is acknowledging BTC. Don't jump to the conclusion that Microsoft itself is accepting BTC, it just means that Excel numerical formats now include BTC. Not directed at you, Torque, but subsequent posters may have been leaning that way.

2. Bitcoin currency support
In 2017, Excel will be able to recognize, format, calculate, and analyze numbers expressed in Bitcoin currency. The new feature will be available for Excel running under Windows 10, Android, Mac OS, and iOS, and will include Excel Mobile versions as well..

[gembitz]

 

[notme]

Microsoft putting Bitcoin support into Office 365:

https://www.linkedin.com/pulse/five-office-365-features-horizon-2017-martin-butler

But....but... but.. why would they do that, if Bitcoin isn't the future?  Isn't Bitcoin that terrorist/drug monopoly money that the governments of the world will all outlaw soon?  /s

That's great news, that MS is acknowledging BTC. Don't jump to the conclusion that Microsoft itself is accepting BTC, it just means that Excel numerical formats now include BTC. Not directed at you, Torque, but subsequent posters may have been leaning that way.

2. Bitcoin currency support
In 2017, Excel will be able to recognize, format, calculate, and analyze numbers expressed in Bitcoin currency. The new feature will be available for Excel running under Windows 10, Android, Mac OS, and iOS, and will include Excel Mobile versions as well..

Microsoft has been accepting Bitcoin for literally years.
https://commerce.microsoft.com/PaymentHub/Help/Right?helppagename=CSV_BitcoinHowTo.htm

[r0ach]

This thread is going downhill with people posting random dollar values or "bitcoin moon" slogans with no fundamental or technical reasoning behind them.  If you're going to say the price is going to be X, at least post a chart or reason why you think it's going to do so.  

For instance, I think it's possible Bitcoin could hit $10k-20k each in current state, but anything higher than that and you'd probably be running into things like $10 - $100 transaction fees and start to severely limit it's use cases.  At that point I think you'd either need things like financial institutions themselves to adopt it as part of infrastructure, or you'd need something like Lightning Network or a larger block size to go further.

For the Lightning Network, there's a lot of unanswered questions with things like routing and garbage collection (closing out channels).  If a bunch of people close out channels simultaneously through either normal usage or an attack and overflow the 1.6 MB block size, it kind of throws a wrench in things there.  The price to close channels would probably be set artificially high to try and avoid situations like this and create an ever increasing bid war where everyone is bid off of the main chain quickly and forced onto LN to do anything for all intents and purposes, so it's kind of important what pros and cons it has over current Bitcoin if you're going to be forced to use it.  

Nobody really knows how all these variables will play out yet.

TLDR:  Bitcoin is probably good for another 10x in current state but might need more throughput to go further, or for financial institutions to adopt it and use it in place of something like the SWIFT network.  Otherwise it would probably hit $10k-20k then new capital might all bleed off into something like Litecoin.

[PoolMinor]

01000010 01110101 01111001 00100000 01101001 01101110 00100000 01110100 01101000 01100101 00100000 01101110 01100101 01111000 01110100 00100000 00110111 00100000 01101000 01101111 01110101 01110010 01110011 00101110 00100000 00110001 00110000 01110000 00100000 01000101 01010011 01010100 00100000 01010010 01101111 01100011 01101011 01100101 01110100 00100000 01001100 01100001 01110101 01101110 01100011 01101000

[savetherainforest]

01000010 01110101 01111001 00100000 01101001 01101110 00100000 01110100 01101000 01100101 00100000 01101110 01100101 01111000 01110100 00100000 00110111 00100000 01101000 01101111 01110101 01110010 01110011 00101110 00100000 00110001 00110000 01110000 00100000 01000101 01010011 01010100 00100000 01010010 01101111 01100011 01101011 01100101 01110100 00100000 01001100 01100001 01110101 01101110 01100011 01101000

Did you just curse in binary? ... I won't even try to see what you said, feels like to much math for this hour with the amount of alchool in my brain cells. It would just cause me more pain for trying too hard.


And this is how I feel about it more explicitly:

https://i.imgur.com/nkA8H91.gif

[PoolMinor]

This thread is going downhill with people posting random dollar values or "bitcoin moon" slogans with no fundamental or technical reasoning behind them.  If you're going to say the price is going to be X, at least post a chart or reason why you think it's going to do so.  

For instance, I think it's possible Bitcoin could hit $10-20k each in current state, but anything higher than that and you'd probably be running into things like $20 - $100 transaction fees and start to severely limit it's use cases.  At that point I think you'd either need things like financial institutions themselves to adopt it as part of infrastructure, or you'd need something like Lightning Network or a larger block size to go further.

For the Lightning Network, there's a lot of unanswered questions with things like routing and garbage collection (closing out channels).  If a bunch of people close out channels simultaneously through either normal usage or an attack and overflow the 1.6 MB block size, it kind of throws a wrench in things there.  The price to close channels would probably be set artificially high to try and avoid situations like this and create an ever increasing bid war where everyone is bid off of the main chain quickly and forced onto LN to do anything for all intents and purposes, so it's kind of important what pros and cons it has over current Bitcoin if you're going to be forced to use it.  

Nobody really knows how all these variables will play out yet.

TLDR:  Bitcoin is probably good for another 10x in current state but might need more throughput to go further, or for financial institutions to adopt it and use it in place of something like the SWIFT network.  Otherwise it would probably hit $10-20k then new capital might all bleed off into something like Litecoin.

How much does it cost to send $100 dollars worth of bitcoin today vs. $100 worth of Bitcoin in July of 2013? Isn't the tx fee 0.0001 BTC/kB?

Also 0.0001 * $20,000 = $2 not.... $20


Edit:

Also

https://bitcointalk.org/index.php?topic=551513.msg6012178#msg6012178