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

[becoin]

Bitcoin may likely today be the second MOST fungible money on the planet next to the American Dollar. That is today right now, yes.

Ah, okay. I should have guessed by now I'm discussing bitcoin with a dollar cultist. Wasting my time...

If you're US citizen try to deposit your American dollars in a Swiss bank and you'll soon learn if they are "globally" fungible or not. IRS will tell you.

[Ibian]

People buy bitcoin because they have some kind of reason to do so. And who gives a fuck about three thousand year old definitions of money, it's either useful to the individual or it is not and that's all that is useful to say about it.

[JayJuanGee]

hey all... i'm seeing btc between $1000 and $2400 first half of the year due to china unable to short or stop btc from rising when they yell stop pumping btc.... china is barely able to keep btc under $1000...the chinese mega whale almost got called at $1150.... the breakout will happen . .. china is panicking over price of bitcoin.

Are you saying that BTC prices will be bouncing around within that price range for the next six months or so?

You must have finally decided to go long in bitcoin,..... hahahahahha...   

By the way, your current price range prediction is seeming quite broad...   Are you merely trying to hedge in order to be right no matter what or do you just not have any more specifics in your current thinking?  Don't get me wrong, it is not a bad prediction (even though it does seem a bit more optimistic than even me), if it were to be true... $1,000 as the new floor and $2400 as the ceiling (at least in the next 5-6 months).. whowza!!!

[hv_]

The next 2 days are critical. If there will be a successful pump, eventually leading to about 1050$ - 1100$, then this will be a EW one, and after months of sideways we'll see 2000$ or more.
If however the pump will fail, then we'll see a major correction, down to about 600$ and the possibility of a new bear market.

Lost my faith in EW long ago... always traders trying their hardest to force wave counts to match history, never predictive of anything.

Hehe, if you found sth working better pls let me now by pm.

 

[Ted E. Bare]

Sentiment here is too negative, we are at the highest prices in bitcoins history and there is more potential to the upside.

[Ibian]

Sentiment here is too negative, we are at the highest prices in bitcoins history and there is more potential to the upside.

And that, Sir, is bearish!

[Ted E. Bare]

And why is that? Because the price always has to fall and we can't have higher prices? The bitcoin price is literally increasing every year, except for 2014. I would not worry and I do not believe in all the bear crap.

[K~Ehleyr]

And why is that? Because the price always has to fall and we can't have higher prices? The bitcoin price is literally increasing every year, except for 2014. I would not worry and I do not believe in all the bear crap.

The bull v. bear stuff is something that has always puzzled me.  I mean, surely anybody who owns any bitcoin is a "bull", no?  Because if they were truly "bearish" about Bitcoin, they'd have kept their money in fiat, in a bricks & mortar bank, where it's "nice and safe".  Nobody's going to have put their cash into Bitcoin unless they believe the price is going to go up.

Am I being overly simplistic?

[600watt]

And why is that? Because the price always has to fall and we can't have higher prices? The bitcoin price is literally increasing every year, except for 2014. I would not worry and I do not believe in all the bear crap.

The bull v. bear stuff is something that has always puzzled me.  I mean, surely anybody who owns any bitcoin is a "bull", no?  Because if they were truly "bearish" about Bitcoin, they'd have kept their money in fiat, in a bricks & mortar bank, where it's "nice and safe".  Nobody's going to have put their cash into Bitcoin unless they believe the price is going to go up.

Am I being overly simplistic?

there is short term, mid term, long term to be considered. i am a happy permabull. i think bitcoin will rise over $5k until 2020. we will see a new ath in 2017.
but i also think it will take at least until may 2017 to recover from this correction. if i had the guts i would sell some btc because i think we will see lower prices than the current one. but i am a coward, so i rarely do sell in moments like this one.  just can´t stand the fear that price could explode therefore ending up with less btc...

[Odalv]

The next 2 days are critical. If there will be a successful pump, eventually leading to about 1050$ - 1100$, then this will be a EW one, and after months of sideways we'll see 2000$ or more.
If however the pump will fail, then we'll see a major correction, down to about 600$ and the possibility of a new bear market.

Sure, bitcoin price will be negative. They will pay you, just b/c holding bitcoins is too expensive and bitcoins are too heavy to transport.

[Torque]

And why is that? Because the price always has to fall and we can't have higher prices? The bitcoin price is literally increasing every year, except for 2014. I would not worry and I do not believe in all the bear crap.

The bull v. bear stuff is something that has always puzzled me.  I mean, surely anybody who owns any bitcoin is a "bull", no?  Because if they were truly "bearish" about Bitcoin, they'd have kept their money in fiat, in a bricks & mortar bank, where it's "nice and safe".  Nobody's going to have put their cash into Bitcoin unless they believe the price is going to go up.

Am I being overly simplistic?

there is short term, mid term, long term to be considered. i am a happy permabull. i think bitcoin will rise over $5k until 2020. we will see a new ath in 2017.
but i also think it will take at least until may 2017 to recover from this correction. if i had the guts i would sell some btc because i think we will see lower prices than the current one. but i am a coward, so i rarely do sell in moments like this one.  just can´t stand the fear that price could explode therefore ending up with less btc...

I predict that in the April/May timeframe we will slowly creep over the $1K mark again, and the media won't say shit about it the next time.  It'll be a non-event. Bitcoin probably won't be newsworthy again until the end of the year, when either an ETF launches, some major adoption announcement, or they do another round of those silly "which currency beat out all the others" type articles.

Oh, I did some paper trading once with bitcoin. Got my butt handed to me, would have lost out many btc if I had traded for real.  Thank the godz I didn't.

[sugarbaby]

The next 2 days are critical. [...]

Everyday is a critical day, for the better or the worst...  

[Slark]

The next 2 days are critical. [...]

Everyday is a critical day, for the better or the worst... 

For what? We won't see any significant drop in price anymore, market is stalled. Bullish trend is slowly forming, but it might take more than 2 days.
Price has been totally dull throughout whole day, tomorrow might be the same. We are now in the period of stability more than anything else.

[Torque]

Here comes the ol' "free trading is soon over" dump. 

[thejaytiesto]

The next 2 days are critical. [...]

Everyday is a critical day, for the better or the worst... 

For what? We won't see any significant drop in price anymore, market is stalled. Bullish trend is slowly forming, but it might take more than 2 days.
Price has been totally dull throughout whole day, tomorrow might be the same. We are now in the period of stability more than anything else.

Lol, look again. Somebody took a big dump. The filthy chinamen public bank of china doing inside trading with chinese whales? or just random whale panicking? stupid ass whales with shaky fingers can drop massive red candles out of fucking nowhere apprently. That shit was insane. 920 to 900 in seconds fucking hell.

[ImI]

Here comes the ol' "free trading is soon over" dump. 

what's the exact time?

[Ibian]

The next 2 days are critical. [...]

Everyday is a critical day, for the better or the worst... 

For what? We won't see any significant drop in price anymore, market is stalled. Bullish trend is slowly forming, but it might take more than 2 days.
Price has been totally dull throughout whole day, tomorrow might be the same. We are now in the period of stability more than anything else.

Lol, look again. Somebody took a big dump. The filthy chinamen public bank of china doing inside trading with chinese whales? or just random whale panicking? stupid ass whales with shaky fingers can drop massive red candles out of fucking nowhere apprently. That shit was insane. 920 to 900 in seconds fucking hell.

Yeah and that's why it doesn't matter. It's intentionally done to induce panic selling. Doesn't work anymore.

[savetherainforest]

Fiat is not fungible.

As long as money laundering laws make one stack of cash more valuable than another stack of cash it is not fungible.



Also: Bitcoin is money.

Did anyone start to go full retarded on the devaluation currency wars yet??   Have they managed to figure out a way to not suck the BTCig D*** and tax us somehow ??

I guess not!


Btw... anyone knows to read Chinese??  What is taking them so long??  

[DARKHOLDER]

Any reasons for drop? Chinese ban btc again 

[n00b account]

Any reasons for drop? Chinese ban btc again 

All three of the big Chinese exchanges will start charging trading fees on Tuesday. That might be the reason unless there's some other news.

BTCChina will start charging fees for bitcoin and litecoin trading from 12:00 p.m. (noon) UTC+8 on Tuesday, January 24th.