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

[eddie13]

Guys one fundamental question - where do you actually trade?

I had a sell/trailing stop order by Kraken today in the morning and during the dip - it didn't fill !!

So I quickly made a sell/market price order - which also didn't fill !!

Then I even more quicky made a sell/fixed price order which finally worked - but very late and I could have earned much more

Do you have similar experience? Do you know which exchange actually WORKS during high load situations?

Thanks  

Same here but on huobi nothing would ever fill..

I would still be sitting very happy with my 8380 sell and 7200 buyback but noooo...

But.. I lost 0 zero BTCs so whatever.. Just didn't gain any..

I could care less what the current fiat price is tbh, I just want more BTCs even at $100..

I bought some physicals for cold storage and was like "crap, I might loose on the premium, better margin long an order as a hedge" so I did and won that pretty good..

Now tht the price is back down a bit I may be able to flip a physical for more than I paid for it when everyone was panic selling them..

I might get to have my cake and eat it too..

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[Ibian]

Always been confused by this and maybe someone can help.

How will bitcoin get to a high price if it can't do big jumps in price?

Surely slow and steady will take us tens and tens of years.

How can 10k (for example) be even remotely realistic any time soon?

Not trolling, just wondering your thoughts.

Think percentages, not dollars.

[rjclarke2000]

Always been confused by this and maybe someone can help.

How will bitcoin get to a high price if it can't do big jumps in price?

Surely slow and steady will take us tens and tens of years.

How can 10k (for example) be even remotely realistic any time soon?

Not trolling, just wondering your thoughts.

Think percentages, not dollars.

Wasn't there insane increases percentage wise and the beginning to get going?

[eddie13]

No one is posting this?

So, where are we according to you?

Bear trap. Clearly we are not in the Public Phase yet.

I concur..

[eddie13]

what do you think about  for about 55000 unconfirmed transactions ?

is this a spamming to blockchain again?

https://blockchain.info/unconfirmed-transactions

I think it sucks major balls because I WD from huobi last night in the craziness and it is still unconfirmed..

like 10 hours.. And if it goes back to huobi then what? will they know it's mine? lol

[hulla]

Haven't posted here in a while, but still read daily.

It's been a long 3 years of ups and downs, but I want to join the ATH celebration.

I assume we're not following Huobi. That $110 arbitrage, hows that holding?

move btc to china -> sell -> get fiat -> and then?

its hard to get fiat out of china, thats why arbitrage doesnt work well. most likely you need connection to get fiat out.

Ah, makes sense. I always overlook fiat problems ha. Still a wild price difference

right eh, and i have a feeling that china's capital controls are only getting tighter and tighter
bitcoin is a way for them to get capital out, but this means their BTC markets are bleeding supply while demand is rising.
no wonder there's such a price dif.

That's correct. But is still fair that price don't go down below $900 and the price gain some slightly increase which mean it may get back up anytime soon.

[elrippo]

By the end of January, when the first bagging is over, we will see where we will stand 

[BlindMayorBitcorn]

[TechnoComanche]

There will be one more dump to about 700/650 and then it will go up again.

I also think that can happen, but not today.

It will happen about in 5-6 hours

https://i.imgur.com/lQ7u2yg.gif

[V1saya]

Oh I thought its first major correction is on February. So this means no more bigger setbacks next month then. 

[Master mind]

No one is posting this?

So, where are we according to you?

Bear trap. Clearly we are not in the Public Phase yet.

[BlindMayorBitcorn]

A 23% drop is totally normal for Bitcoin. This is all totally normal.

[Master mind]

No one is posting this?

So, where are we according to you?

Bear trap. Clearly we are not in the Public Phase yet.

[Globb0]

A 23% drop is totally normal for Bitcoin. This is all totally normal.

[wutizurkwest]

A 23% drop is totally normal for Bitcoin. This is all totally normal.

This is all totally normal...this is all totally normal...this is all totally normal...

[ImI]

A 23% drop is totally normal for Bitcoin. This is all totally normal.

A rise of 50% in just a couple of weeks is obv NOT normal, but a drop of 23% just after such a steep rise IS normal.

[eddie13]

Breaks up or down?

[HI-TEC99]

Breaks up or down?

What does the squiggly line indicator at the bottom of the chart say it's going to do? Does the Ronald big Mac Donald indicator contradict the squiggly line indicator?

[starmman]

Breaks up or down?

What does the squiggly line indicator at the bottom of the chart say it's going to do? Does the Ronald big Mac Donald indicator contradict the squiggly line indicator?

Think it means that anything can happen - I dont know if we are in a bull or a bear right now, so just holding tight =)

[BTCtrader71]

Always been confused by this and maybe someone can help.

How will bitcoin get to a high price if it can't do big jumps in price?

Surely slow and steady will take us tens and tens of years.

How can 10k (for example) be even remotely realistic any time soon?

Not trolling, just wondering your thoughts.

This is a good question, one that I have been thinking about.

Vinny Lingham predicts a slow and steady rise to 2k-3k during 2017. His judgement seems as good as anyone's to me. But I agree there's no way in hell we're gonna go slow and steady to 100k, or even 10k. And yes I'm thinking in log axis. Suppose price multiplies by 2.5 x per year. Five years of that would get us to 100k. But can you imagine that actually happening? Once that pattern establishes itself, someone who thinks in terms of years is gonna try to frontrun it and will be willing to buy at a premium, short term traders will see that happening, the price will go parabolic, everyone will know it's day traders responsible for the short term parabolic rise and will try to front-run them cashing out, big crash, and there you have it. So if it's truly going to the moon, I think it's safe to assume that it will be a volatile ride all the way to the top.

Hmm, that gives me an idea on how to model the magnitude of the swings. If you knew how many speculators there are (in terms of how much capital they are working with) and what time frames they are working in (long term investors or "long-termers," minute to minute day traders of "short-termers," and everything in between), and the first people to go long are the long-termers and the last to go long are the short term day traders, with the in between being the in between, then the parabolic rise ends when the progression from long termers to short termers runs out.