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

[becoin]

 As a regulator you would have to be insane to approve a bitcoin ETF in current state

Bitcoin ETF most probably won't be approved but that doesn't matter. We'll have just another short lived opportunity to buy cheap coins.

[DonQuijote]

Looks like bitcoin might surge upwards.

$1337 target 

Why 1337 $ ??
For me will be a little lower than 1100

[conspirosphere.tk]

Why 1337 $ ??
For me will be a little lower than 1100

what matters is to top the previous high.

[Cassius]

Looks like bitcoin might surge upwards.

$1337 target 

Why 1337 $ ??
For me will be a little lower than 1100

https://en.wikipedia.org/wiki/Leet
1337 hax0r ur not

[gembitz]

Looks like bitcoin might surge upwards.

$1337 target 

I wonder how much of the price going up is the etf deadline. 1 out of 4 odds of passing imho.
Being a cautious buerucrat never gets your civil service gig in trouble, job wise.

Hope I'm dead wrong.

na i think imo it's because of the (2MB) blocksize debate is resolved! :-D

[HI-TEC99]

Why 1337 $ ??
For me will be a little lower than 1100

what matters is to top the previous high.

Getting over the previous gox high of $1242 is what matters.

[Globb0]

The ETF date is the most interesting part about bitcoin at the moment.  As a regulator you would have to be insane to approve a bitcoin ETF in current state, so if it did get approved it would probably be the government trying to create some alternative target for people to waste their time in and keep them out of the metals markets.  When the current scam system starts to implode, gold will go to at least $20,000 an ounce in current buying power and silver will see even higher percentage gains.  The sooner people figure this out, the faster it does implode - which is why they don't want people creating bull runs in those markets and want to distract people with other things instead.

Someone is going to get all upset that I implied bitcoin is somehow not as good as metals, but by that I just mean that it's very likely metals will have a currency roll again or that the world reserve currency will be metals, while it's very unlikely a nation state or the world reserve currency would be bitcoin.  In fact, it would be a disaster since bitcoin isn't fungible with every transaction traced with white and black lists making it a permissioned ledger in that aspect.  Until/if that issue is resolved, nobody should be wishing for the government or wall street to have any affiliation with bitcoin whatsoever when the odds of it turning into some 1984 scheme are far higher than not.

Bitcoin doesn't come without risk, if the system collapsed for some reason. If it was compromised or hacked. That surely rules it out as a reserve currency. Its a bit intangible with no physical "thing".


I suppose the equivalent in, say gold, is that someone manages alchemy and gold is suddenly 2 a penny.


In our bizarre world who knows which might even happen.

[LFC_Bitcoin]

Why 1337 $ ??
For me will be a little lower than 1100

what matters is to top the previous high.

Getting over the previous gox high of $1242 is what matters.

Yep, it'll be huge psychologically when you factor in that the previous gox high was highly manipulated any way. I wasn't around for the last high but I'm here for the next one

Hopefully big money will pile in when news of a new ATH hits the general media.

[roony]

1BTC = 1000€, you will see it today

[600watt]

1BTC = 1000€, you will see it today

if price would close at the current € level today, it would be the 2nd best day out of more than 2000 days..

[Denker]

Why 1337 $ ??
For me will be a little lower than 1100

what matters is to top the previous high.

Getting over the previous gox high of $1242 is what matters.

That was the Mt.Gox ATH right?!
I don't this is relevant.
People will look for the Bitstamp and Bitfinex ATH.Only these count!
So far there is still some way to go (actual price is ~1050). Really curious if we can break it this time.

[Searing]

Why 1337 $ ??
For me will be a little lower than 1100

what matters is to top the previous high.

Getting over the previous gox high of $1242 is what matters.

👍 that too is my mental hurdle. I need that to relive my 'newbie' koolaid drinking 2013 year😊 and shoot for the 2k usd goalpost!

[Cassius]

Why 1337 $ ??
For me will be a little lower than 1100

what matters is to top the previous high.

Getting over the previous gox high of $1242 is what matters.

That was the Mt.Gox ATH right?!
I don't this is relevant.
People will look for the Bitstamp and Bitfinex ATH.Only these count!
So far there is still some way to go (actual price is ~1050). Really curious if we can break it this time.

I'm of the mindset that we've been above this level quite recently, and there's something magnetic about those milestones - people just want to see them reached, just like when we hit $990 I was pretty sure we'd see $1k. Up or down in the medium-term, I'm expecting $1,100+ to come around first just because it's there.

[HI-TEC99]

Why 1337 $ ??
For me will be a little lower than 1100

what matters is to top the previous high.

Getting over the previous gox high of $1242 is what matters.

That was the Mt.Gox ATH right?!
I don't this is relevant.
People will look for the Bitstamp and Bitfinex ATH.Only these count!
So far there is still some way to go (actual price is ~1050). Really curious if we can break it this time.

We already broke the Bitstamp and Bitfinex ATHs once. If we can break the gox ATH it will be all over the mainstream news. Bitcoin reaching the highest its ever been is good headline material.

[buwaytress]

The ETF date is the most interesting part about bitcoin at the moment.  As a regulator you would have to be insane to approve a bitcoin ETF in current state, so if it did get approved it would probably be the government trying to create some alternative target for people to waste their time in and keep them out of the metals markets.  When the current scam system starts to implode, gold will go to at least $20,000 an ounce in current buying power and silver will see even higher percentage gains.  The sooner people figure this out, the faster it does implode - which is why they don't want people creating bull runs in those markets and want to distract people with other things instead.

Someone is going to get all upset that I implied bitcoin is somehow not as good as metals, but by that I just mean that it's very likely metals will have a currency roll again or that the world reserve currency will be metals, while it's very unlikely a nation state or the world reserve currency would be bitcoin.  In fact, it would be a disaster since bitcoin isn't fungible with every transaction traced with white and black lists making it a permissioned ledger in that aspect.  Until/if that issue is resolved, nobody should be wishing for the government or wall street to have any affiliation with bitcoin whatsoever when the odds of it turning into some 1984 scheme are far higher than not.

Bitcoin doesn't come without risk, if the system collapsed for some reason. If it was compromised or hacked. That surely rules it out as a reserve currency. Its a bit intangible with no physical "thing".


I suppose the equivalent in, say gold, is that someone manages alchemy and gold is suddenly 2 a penny.


In our bizarre world who knows which might even happen.

Was it Einstein who said, quite seriously, that every action is eventually possible, if not for lack of resource to make it viable.

It's virtually but not entirely impossible to conceive that people will find a way to create gold or that bitcoin system be caused to crash. All scenarios are possible, just not practically or realistically possible.

That said, even I would prefer gold to bitcoin if i were a country hedging. Simply because it will always be there and have value in my lifetime. I think it will be easier for btc to lose half today's value next month than for gold to do that!

[Globb0]

Why 1337 $ ??
For me will be a little lower than 1100

what matters is to top the previous high.

Getting over the previous gox high of $1242 is what matters.

That was the Mt.Gox ATH right?!
I don't this is relevant.
People will look for the Bitstamp and Bitfinex ATH.Only these count!
So far there is still some way to go (actual price is ~1050). Really curious if we can break it this time.

We already broke the Bitstamp and Bitfinex ATHs once. If we can break the gox ATH it will be all over the mainstream news. Bitcoin reaching the highest its ever been is good headline material.

Are the mainstream media a bit bored with bitcoin? I have seen nearly nothing on there and we are way up high in relative terms.

[Chainsaw]

The ETF date is the most interesting part about bitcoin at the moment.  As a regulator you would have to be insane to approve a bitcoin ETF in current state, so if it did get approved it would probably be the government trying to create some alternative target for people to waste their time in and keep them out of the metals markets.  When the current scam system starts to implode, gold will go to at least $20,000 an ounce in current buying power and silver will see even higher percentage gains.  The sooner people figure this out, the faster it does implode - which is why they don't want people creating bull runs in those markets and want to distract people with other things instead.

Someone is going to get all upset that I implied bitcoin is somehow not as good as metals, but by that I just mean that it's very likely metals will have a currency roll again or that the world reserve currency will be metals, while it's very unlikely a nation state or the world reserve currency would be bitcoin.  In fact, it would be a disaster since bitcoin isn't fungible with every transaction traced with white and black lists making it a permissioned ledger in that aspect.  Until/if that issue is resolved, nobody should be wishing for the government or wall street to have any affiliation with bitcoin whatsoever when the odds of it turning into some 1984 scheme are far higher than not.

Bitcoin doesn't come without risk, if the system collapsed for some reason. If it was compromised or hacked. That surely rules it out as a reserve currency. Its a bit intangible with no physical "thing".


I suppose the equivalent in, say gold, is that someone manages alchemy and gold is suddenly 2 a penny.


In our bizarre world who knows which might even happen.

Tell someone 5 years ago their young children will never need to learn to drive a car, most say you're crazy.
Make the same statement today, most will agree.

Today if we claim we will be able to mine an asteroid 100 years from now, and increase the supply of gold on Earth multiple-fold, most say you're crazy.

...Even without considering alchemical solutions, we are nearing the tipping point where the feasibility of asteroid mining will be demonstrated. I believe it is already an eventuality, and merely a question of timing. I think within 5 years, we will have a similar tipping point for the technology required for asteroid mining.

The difference here is that precious metals have no way of transforming their way out of this problem.
Bitcoin's equivalent problem - quadratic computing - does have a solution, through evolution.

[HI-TEC99]

Why 1337 $ ??
For me will be a little lower than 1100

what matters is to top the previous high.

Getting over the previous gox high of $1242 is what matters.

That was the Mt.Gox ATH right?!
I don't this is relevant.
People will look for the Bitstamp and Bitfinex ATH.Only these count!
So far there is still some way to go (actual price is ~1050). Really curious if we can break it this time.

We already broke the Bitstamp and Bitfinex ATHs once. If we can break the gox ATH it will be all over the mainstream news. Bitcoin reaching the highest its ever been is good headline material.

Are the mainstream media a bit bored with bitcoin? I have seen nearly nothing on there and we are way up high in relative terms.

The mainstream media is fickle. For a brief moment it's shouting about Bitcoin, then a week later it gets bored with it and moves onto something else. It takes a good headline to get into the news, like Satoshi's been found or Bitcoins are worth $2000.

[JayJuanGee]

Why 1337 $ ??
For me will be a little lower than 1100

what matters is to top the previous high.

Getting over the previous gox high of $1242 is what matters.

That was the Mt.Gox ATH right?!
I don't this is relevant.
People will look for the Bitstamp and Bitfinex ATH.Only these count!
So far there is still some way to go (actual price is ~1050). Really curious if we can break it this time.

EXACTLY!!!

I was going to say a similar thing, but you beat me to it, Denker   . 

If there is some indicator or measure that is questionable because it is (was) either manipulated in some way or it is artificial because of some restrictive (or overly permissive) practices (namely GOX), you are not going to use that as your measure of anything meaningful (beyond the desire to have a fantasy or to use pie in the sky indicators without any grounding...)

[JayJuanGee]

The ETF date is the most interesting part about bitcoin at the moment.  As a regulator you would have to be insane to approve a bitcoin ETF in current state, so if it did get approved it would probably be the government trying to create some alternative target for people to waste their time in and keep them out of the metals markets.  When the current scam system starts to implode, gold will go to at least $20,000 an ounce in current buying power and silver will see even higher percentage gains.  The sooner people figure this out, the faster it does implode - which is why they don't want people creating bull runs in those markets and want to distract people with other things instead.

Someone is going to get all upset that I implied bitcoin is somehow not as good as metals, but by that I just mean that it's very likely metals will have a currency roll again or that the world reserve currency will be metals, while it's very unlikely a nation state or the world reserve currency would be bitcoin.  In fact, it would be a disaster since bitcoin isn't fungible with every transaction traced with white and black lists making it a permissioned ledger in that aspect.  Until/if that issue is resolved, nobody should be wishing for the government or wall street to have any affiliation with bitcoin whatsoever when the odds of it turning into some 1984 scheme are far higher than not.

Bitcoin doesn't come without risk, if the system collapsed for some reason. If it was compromised or hacked. That surely rules it out as a reserve currency. Its a bit intangible with no physical "thing".


I suppose the equivalent in, say gold, is that someone manages alchemy and gold is suddenly 2 a penny.


In our bizarre world who knows which might even happen.

Was it Einstein who said, quite seriously, that every action is eventually possible, if not for lack of resource to make it viable.

It's virtually but not entirely impossible to conceive that people will find a way to create gold or that bitcoin system be caused to crash. All scenarios are possible, just not practically or realistically possible.

That said, even I would prefer gold to bitcoin if i were a country hedging. Simply because it will always be there and have value in my lifetime. I think it will be easier for btc to lose half today's value next month than for gold to do that!

You are likely correct buwaytress; however, when you think of the downside of bitcoin, you also need to think about the upside of bitcoin.

If you only consider one of the sides, you are missing the value proposition and failing to account for a large variety of scenarios that could play out.

Accordingly, bitcoin has both a much greater downside and a much greater upside as compared with gold.... some scenarios are more probable than others to play out and each of us (including government officials) are going to assign differing probabilities to these future and not yet played out scenarios.