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

[rjclarke2000]

Hello 3 digits my old friend....

[HI-TEC99]

Who is leading this 'dump'? It would be nice to see 1000$ hold.

Bearstamp has overtaken bitfinex in volume (according to bitcoinity) now a dump's started. But coinmarketcap contradicts that by showing bitfinex has twice the 24 hour volume of bearstamp.

China can't be leading it because its volume dropped since it went to sleep.

[Ted E. Bare]

LOL Who sold at the bottom? 

[Ted E. Bare]

We know that you are out there.

[petahashminer]

Europe exchanges trying to pull over Chinese huobi and okcoin, but Chinese are simply saying f.ck off.

This is the short brief of last 20 minutes.

[Ted E. Bare]

China too strong.

[sirazimuth]

i've been away for months dealing with, you know, life. but i've kept an eye on the price.

seems like a steady climb this time, not any sort of real sudden climb. maybe we'll hold it this time.

aug 7th 2016 price $593....dec 19 price $793, a gain of $200 in 131 days, average gain of $1.51 a day over that timespan.

dec 19 2016 price $793....   jan 2nd 2017 price $1030 gain of $237 in 14 days, average gain of  $16.92 a day over that timespan

just sayin....

[rjclarke2000]

There are never any surprises when a correction happens, just a slight bit of disappointment here.

Correction is healthy

[soullyG]

Bullish as fuck right now

[spooderman]

every gesture towards a reversal is failing at the moment.

my only question right now regards how much longer china can remain tolerant of people using bitcoin to get around the capital controls.

the most important factor in this would be how much clout and wealth the people engaging in this have.

bitcoin was designed for the unbanked masses not the chinese middle class (specifically anyway).

of course both are in accordance with the values of the old school bicoiners among us, but it's worth considering i think.

[European Central Bank]

my only question right now regards how much longer china can remain tolerant of people using bitcoin to get around the capital controls.

bitcoin was designed for the unbanked masses not the chinese middle class (specifically anyway).

i don't believe 'normal' chinese people are anywhere near bitcoin, just as no 'normal' westerners are either. it's still the province of enthusiasts, visionaries and weirdos regardless of what country they're in.

we'd already be firmly in the tens of thousands if regularish folks had taken it to their hearts. and yeah, the chinese government would squash the exchanges. they have nothing much to gain from bitcoin spreading.

if they're willing to shut down their stock markets then they're sure as shit gonna shut down a few obscure bitcoin exchanges too. i'd prefer if it happened sooner rather than later.

[BTCtrader71]

my only question right now regards how much longer china can remain tolerant of people using bitcoin to get around the capital controls.

Good question.

I've seen the argument put forth (Andreas perhaps?) that China will ultimately be unable to ban bitcoin, because enforcement takes place at the local level, and local police can be bribed. Imagine being a clandestine miner siphoning power illegally from a power plant in China, being told by a local enforcer you have to stop. Unless you give me half your bitcoin. Mined using free (stolen) electricity. What's gonna happen? The enforcer is going to HELP the miner steal the power.

I'm not sayin' that a Chinese ban wouldn't be bad for the price, at least short term. I'm just sayin' ... bitcoin is too far out of Pandora's box to put back in place, and maybe, just maybe, the relevant Chinese PTB know this.

[Roccker]

Saw bitcoin-news-statement to the break of 1000 at cnn-app on my mobile, but now i don't find the article anymore.

[HI-TEC99]

Saw bitcoin-news-statement to the break of 1000 at cnn-app on my mobile, but now i don't find the article anymore.

http://money.cnn.com/2017/01/02/investing/bitcoin-1000-2017/

[K~Ehleyr]

Not much of a "dip" is it?? 

[starmman]

Not much of a "dip" is it?? 

Haha, I was away for a few hours and didn't notice the dip at all. the price still looks pretty bullish to me right now...

[Meuh6879]

Also new bitcoin client released

it's a RC1 from 2016-12-21.

[hulla]

Wow! This year going to be a great year for all bitcoiners cos I just checked the price now and what I saw was an awesome result in just 24hrs the price of bitcoin rise to $1009

[Meuh6879]

Also new bitcoin client released, should boost price.

new client boosting price? haha that's a good one. 

indeed.

[gembitz]

^what are we going straight up to $2000 now or should we wait? 



 HODL !!!