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

[strawbs]

This is crazy guys, this rise is parabolic. Don't you think it need to come back down and floor out.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.

Unless, of course, we never see $800 again 

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[Sourgummies]

This is crazy guys, this rise is parabolic. Don't you think it need to come back down and floor out.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.

Unless, of course, we never see $800 again 

That's very possible too but I think its likely to happen. What's your take?

[spiderbrain]

This is crazy guys, this rise is parabolic. Don't you think it need to come back down and floor out.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.

Parabolic is historically normal for bitcoin. I personally think we are still in a warm up stage, but who knows, right?

[Paashaas]

http://www.lrb.co.uk/v38/n08/john-lanchester/when-bitcoin-grows-up

A good read from last year.

Thats a nice wall of text i'll read it when i come back home from work 

[ImI]

This is crazy guys, this rise is parabolic. Don't you think it need to come back down and floor out.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.

Parabolic is historically normal for bitcoin. I personally think we are still in a warm up stage, but who knows, right?

Yeah, still warm-up imo. As long as we have no other hacked exchange or some regulation fuck-up we are good to go.

[Killerpotleaf]

This is crazy guys, this rise is parabolic. Don't you think it need to come back down and floor out.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.

Parabolic is historically normal for bitcoin. I personally think we are still in a warm up stage, but who knows, right?

Yeah, still warm-up imo. As long as we have no other hacked exchange or some regulation fuck-up we are good to go.

we'll find a local top at like 1337 or maybe as high as 3000 sorta "stabilize" there for couple months

@Sourgummies  Bhjahahahahahaha

[Sourgummies]

That would be crazy and is exactly why I kept a few btc on the side for safe keeping but I did sell out most of my btc. I hope they are happy in their new home.

[jbreher]

Looks like the FT article is behind a paywall and they don't seem to take bitcoin.

*yawn*

To get past the FT paywall, you can google "bitcoin site:ft.com". Clinking on the returned links bypasses the paywall. Works for WSJ and others as well.

[Killerpotleaf]

That would be crazy and is exactly why I kept a few btc on the side for safe keeping but I did sell out most of my btc. I hope they are happy in their new home.

when price moves much higher than where you sold, and your feeling down,

go on a shopping spree, it seem to work for my gf.

[Paashaas]

Everybody are sitting behind his pc like this?

[JayJuanGee]

This is crazy guys, this rise is parabolic. Don't you think it need to come back down and floor out.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.

Unless, of course, we never see $800 again 

That's very possible too but I think its likely to happen. What's your take?

Your position is possible, Sourgummies, but the reality of the matter is that we are going up with a lot of upward price pressures and it is really not yet over inflated... not yet anyhow.... Therefore, chances are not very good for your position.. even though there is a slim possibility it could work out in your favor.

[HI-TEC99]

Looks like the FT article is behind a paywall and they don't seem to take bitcoin.

*yawn*

To get past the FT paywall, you can google "bitcoin site:ft.com". Clinking on the returned links bypasses the paywall. Works for WSJ and others as well.

I checked the ft paywall and they don't accept Bitcoin as payment. They only take credit card, paypal, or direct debit. Someone should tell them to accept Bitcoin.

[mymenace]

This is crazy guys, this rise is parabolic. Don't you think it need to come back down and floor out.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.

Parabolic is historically normal for bitcoin. I personally think we are still in a warm up stage, but who knows, right?

Yeah, still warm-up imo. As long as we have no other hacked exchange or some regulation fuck-up we are good to go.

we'll find a local top at like 1337 or maybe as high as 3000 sorta "stabilize" there for couple months

@Sourgummies  Bhjahahahahahaha

So cup 'n handle breakout brings the $9800 prediction into play now right?

9800 is the final destination of 3rd wave. c&h target is nearly starting point. It'll be a long trip.

[jbreher]

Mainstream getting up & running with propaganda countermeasures.

https://www.ft.com/content/b5d66ed8-d1b3-11e6-b06b-680c49b4b4c0
https://www.technologyreview.com/s/603295/why-bitcoins-1000-value-doesnt-matter/

I posted elsewhere that these articles were linked:

These articles drive me nuts - they are manifestly hit pieces. Yes, at $16B, Bitcoin total value pales against broad money of the globe. What these news articles lie about by omission is that the same CIA list they are using for the global broad money figures puts a $16B broad money value as slightly above half of all central-bank currencies in money supply - #95.5 out of 193 (or 194 including this Bitcoin interloper).

(BTW, it is currently $16,860M - or #93.5 in rank)

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html

When do they flip from worried enough to spout disinfo to outright panicked? When we hit #67 in rank? Larger than 2/3 of central bank currencies?

[DieJohnny]

seems relative trade volume (stamp, btce) for this rally compared to Nov 2013 is only a fraction.... anyone care to elaborate?

[savetherainforest]

I could not be bothered to even read through my numerous older posts [...]

Because you write too damn bloody much!!! 

[Killerpotleaf]

#selling fiat

[mymenace]

seems relative trade volume (stamp, btce) for this rally compared to Nov 2013 is only a fraction.... anyone care to elaborate?

https://bitcoinwisdom.com/markets/okcoin/btccny

chinese volume is through the roof

[Ted E. Bare]

Through the roof! Finally BTC-E above 1000 too.

[Killerpotleaf]

https://youtu.be/UhjG47gtMCo?t=39s