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

[el_rlee]

Could it be that Huobi's price being higher than the rest of the world is simply because of Hongbao's?

[jaberwock]

Could it be that Huobi's price being higher than the rest of the world is simply because of Hongbao's?

Huobi used to have a higher price during the run to 1100+ too, and with a bigger gap than now

Maybe it is just things getting back to usual

[Ibian]

Is it weird that I'm not even a little excited that we are in 900+ territory now?

[JayJuanGee]

Bitcoin is the must have for the rich now. OTC Bitcoin are on the way up: someone at work knows that I hold Bitcoin and they're rapidly turning to me for knowledge and, of course, bitcoins. The followings says it all:
I've been asked to provide 25 BTC. I refused. They were willing to pay more than 20% of current price. I refused.
I've told them to go buy them on the exchanges and do KYC/AML.
I think for the first time in their life they realized what their fiat money real value is and what that's value of financial freedom.

I buy and sell BTC directly for about a 5% premium, and yeah sometimes it is a bit of a hassle to replace sold BTC, so yeah, maybe I should be charging more, but it seems to be fairly profitable, so far.

If someone wanted to do 25 BTC, I would probably break it up into about three.. otherwise it is feeling like too much at once...

[mainpmf]

Could it be that Huobi's price being higher than the rest of the world is simply because of Hongbao's?

Huobi used to have a higher price during the run to 1100+ too, and with a bigger gap than now

Maybe it is just things getting back to usual

You consider the run to 1100+ as the usual? ^^

I'm a bit afraid of this "usual"...
I'd like to see the price stable for a bit. Of course on the rise is good to but stable is better!

[JayJuanGee]

Could it be that Huobi's price being higher than the rest of the world is simply because of Hongbao's?

Huobi used to have a higher price during the run to 1100+ too, and with a bigger gap than now

Maybe it is just things getting back to usual

You consider the run to 1100+ as the usual? ^^

I'm a bit afraid of this "usual"...
I'd like to see the price stable for a bit. Of course on the rise is good to but stable is better!

We are not going to get "stable" in bitcoin any time soon, this market cap is way too small for that, and also we seem to still be in the fairly early stages of a price battle (maybe about four weeks into it, so far).  After we see this price battle through, then maybe a bit more "stable" might be possible.

Regarding the chinese, the usual and the run up to $1,100 those are all just various factors playing out, and the extent of chinese influence over price is playing out, and the questionable volume in china is playing out and whether the run up to $1,100 was "real" or a sign of anything or a place to which we will return any time soon will maybe play out in the coming weeks, but it could take a few months to get back there (depending on how this whole price battle plays out and how many coins the bears are willing to dump and how much the buying pressure from all locations can absorb those dumped coins and potentially keep the price on an upwards trajectory).

[Denker]

Is it weird that I'm not even a little excited that we are in 900+ territory now?

And there is no reason for that.
I think this is just small upswing.We will see much more up and down swings the next couple of weeks.
Probably staying in the 850 to 950 range before trying to break the 1000 again.
I will get excited when we finally break the ATH in USD and continue moving up then!

[DonQuijote]

Where is the break point? 1116 USD?

[maker88]

Could it be that Huobi's price being higher than the rest of the world is simply because of Hongbao's?

Huobi used to have a higher price during the run to 1100+ too, and with a bigger gap than now

Maybe it is just things getting back to usual

You consider the run to 1100+ as the usual? ^^

I'm a bit afraid of this "usual"...
I'd like to see the price stable for a bit. Of course on the rise is good to but stable is better!

You can't possibly cosnider price stability to be "the usual" for bitcoin, so the run up is a lot more usual than that. Volatility is the name of the game in Bitcoin and has been the whole time.

[abz99]

USD smart money vs CNY FOMO-buyers, watch the bulls slaughtered http://zentrade.online/usd-vs-cny-bitcoin-battle/

[conspirosphere.tk]

It's happening.

http://www.dailystormer.com/nazi-currency-bitcoin-hits-1000-usd-value/

New BTC logo:

DOOM!

[K~Ehleyr]

Nicked!  Thanks 

[Torque]

Any thoughts on when we'll be solidly north of $1000 again? By that I mean a $1K floor forming.

My original thought was June or July-ish, but now I'm starting to think April timeframe.

[Okurkabinladin]

We wont see 1000USD/BTC "floor" anytime soon.

Remember, last bubble? How many predicted that BTC will actually go down from 1100 to well below 200 a piece? So, for next couple of years I am sceptical, that Bitcoin can leap and stay over 1000 dollars indefinitely.

Ten years down the road? Sure.

[JimboToronto]

Good AM Bitcoinland.

Still holding last night's small gains... currently $925USD (Bitcoinaverage).

Slowly creeping back up from the foolish little PBOC panic earlier this month. Maybe we'll see $1000 again before February.

Meanwhile We're at $1234CAD. Take note all those interested in pseudoscience like numerology, technical analysis, astrology, etc. 

[craked5]

We wont see 1000USD/BTC "floor" anytime soon.

Remember, last bubble? How many predicted that BTC will actually go down from 1100 to well below 200 a piece? So, for next couple of years I am sceptical, that Bitcoin can leap and stay over 1000 dollars indefinitely.

Ten years down the road? Sure.

Well I completely agree with how difficult 1k$ floor is to reach.
But on a bright side there already was another little buble just a few days ago...
And we already backed it!
So... Well maybe it won't happen. Maybe next time will be the good one. Or at least see a "crash" so low it's not really a crash ^^

[wutizurkwest]

Price has resumed the average growth rate from Dec 20 to the drop (higher sloped lines).

If the long term trend (lower slope) holds, we'll be permanently above $1000 this summer.

[Torque]

We wont see 1000USD/BTC "floor" anytime soon.

Remember, last bubble? How many predicted that BTC will actually go down from 1100 to well below 200 a piece? So, for next couple of years I am sceptical, that Bitcoin can leap and stay over 1000 dollars indefinitely.

Ten years down the road? Sure.

We will see a $1K floor form this year for sure.  I will be glad to bring up this post again at the end of the year and remind you of your lack of vision. 

[lightfoot]

It figures. Just spent 1.66btc for a $1500 pocket watch chain (what can I say, I like gold shiny things) so of course the price will now go up. At $1500 I'll grab a Patek Phillippe quarter repeater, then the price will go to the moon.

So bid it up to $1500 so I can dump more coin and everyone else can profit.

[criptix]

A cryptocurrency which is fully controlled by a nation state is just a national currency.
And banks do the job good and cheap enough for fiat transfers.

There wont be any chinacoin...

There will, and it's a terrifying idea in the hands of a country that is perfectly at home practising wide-scale internet surveillance and censorship.

Why would they need a crypto for it if they can do the same with less expenses?
If you look at capital controls, aml, kyc it will only get worst and china has much more play room then western democracies in this regard.

I can only imagine a chinacoin if it is a undercover operation by the chinese government where they have full control in secret.