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

[Hunyadi]

You know dreams are nice to have but the ATH will not be coming in the next 30 days.

That's a pretty bold statement. Well, I guess it's good to have opinions.

[1715679798]

1715679798

[1715679798]

1715679798

[bitcoinvest]

Chinese exchanges stop withdraws and the market goes down by less than $100

Almost perfect

It does sound like a fairy tale doesn't it?
With a happy ending now we are living in with the price now over $1000 and nicely rising ever slightly every passing hour.

I do think it is the ETF is to blame for this one.

Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact.

I must agree with you on this one. Those Chinese were just trying to trick the West into believing what they want them to believe with more smoke and mirrors to get them in their own clutches for whatever reasoning they have.
I believe what will keep the price stable now is the announcement of the ETF by the Winklevoss's and what that could reap for bitcoin by the ones that are not totally convinced of BTC as a viable option to compete with other fiat and assets like gold and silver for that matter.
We will just have to wait and see what the SEC has to say now.
Nay or yey!

Do you guys actually think the people that for some reason want to buy Bitcoin now are waiting with such furious intent to buy into an ETF that on March 11, the money will just start flowing like a rap music video?

I believe the money will trickle in at first and the Bitcoin economy won't see any real money for 2 to 3 months after, June-ish.





September 21, 2017 save the date

I'm not convinced it'll happen at all. I am usually bullish on these matters but I just can't see it happening.

More then likely, it doesn't happen and then commence post speculation dump

Who knows if the ETF will be approved? But if it is there will be a large new source of liquidity at a time when bitcoin is making the news for its ath and use as a store of value.

The Greece crisis is due to start again, and it gave Bitcoin a healthy pump previously. The risk of a country going bankrupt, defaulting on its debts, and issuing a new currency will get people buying Bitcoins.

I not say is not true but would be more likely large funds and people buy Dollar for example, since Greece is part of Europe and if collapse this will take down at some % the Euro also...
(but since i know from experience they will not let Greece default, if they do so they are now well prepared and will not have an impact, remember the Vote that Greek people voted NO to new cuts etc and the Prime Minister tsipras made it YES......unforgettable moments to the modern "democracy " )

[savetherainforest]

There's a great website to watch the price move up and down along with the roller-coaster guy: https://rollercoasterguy.github.io/

This .gif is weird...

Can you guys see it going backwards and forward just by focusing a bit on it?? Just like a switch.. if you want it to go forward it goes straight.. if not.. you can make it go backwards!

Hmmm... who else can do that??

[becoin]

Wow. China banned bitcoin and less than 48 hours bitcoin is >$1000. Expect new ATH next week!

[bitcoinvest]

the last pages of this post 90% of the post propose to buy when saying that we go ATH etc...
In my experience when many people tell you to buy you need sell and when sell you need buy.
Yesterday i said it will go down but it remained stable, what indeed changed is the buy orders that are dramatically less...let's see how it goes from here...

[Cassius]

the last pages of this post 90% of the post propose to buy when saying that we go ATH etc...
In my experience when many people tell you to buy you need sell and when sell you need buy.
Yesterday i said it will go down but it remained stable, what indeed changed is the buy orders that are dramatically less...let's see how it goes from here...

I think you misunderstood. I was suggesting that retail investors would only sit up and take note when they see prices hit highs. When bitcoin is 'dying', people don't want to go near it. It takes guts to be a contrarian investor.

[abz99]

"Who-sells-first-sells-best" time for Bitcoin http://zentrade.online/sells-first-sells-best-time-bitcoin/

[bitcoinvest]

the last pages of this post 90% of the post propose to buy when saying that we go ATH etc...
In my experience when many people tell you to buy you need sell and when sell you need buy.
Yesterday i said it will go down but it remained stable, what indeed changed is the buy orders that are dramatically less...let's see how it goes from here...

I think you misunderstood. I was suggesting that retail investors would only sit up and take note when they see prices hit highs. When bitcoin is 'dying', people don't want to go near it. It takes guts to be a contrarian investor.

Cassius i was not referring to you exactly when i wrote that... i only did a fast-read of the last pages to get the trend of the posts

[jbreher]

99% chance!

https://s30.postimg.org/p289x8vj5/844854685.png

Except $1080 is not moon. Accordingly, if 'moon and three sad kitties' has any validity at all (as if), we'd currently be existing the small drop after the booster stage.

Again - $1080 is not moon. $3 was moon in its day, as were $32, $266, and $1117. Today, moon would be somewhere around $7669.

[JimboToronto]

Good morning ladies and gentlemen of Bitcoinland.

I see it didn't take long to get back to quadruple digits... currently $1003USD (Bitcoinaverage).

Sorry bears, your pipe dreams of $800 coins are just wishful thinking. Wake up and face reality.

If actual exchange withdrawal freezes can barely dip prices below $1000 for a day, it shows how powerful the uptrend is.

I hope everyone stocked up on the dirt-cheap triple-digit coins when they had the chance.

[gembitz]

Good morning ladies and gentlemen of Bitcoinland.

I see it didn't take long to get back to quadruple digits... currently $1003USD (Bitcoinaverage).

Sorry bears, your pipe dreams of $800 coins are just wishful thinking. Wake up and face reality.

If actual exchange withdrawal freezes can barely dip prices below $1000 for a day, it shows how powerful the uptrend is.

I hope everyone stocked up on the dirt-cheap triple-digit coins when they had the chance.

^bitcoin strong ~ $1200 parity with gold inkoming :-D

[JimboToronto]

$1200 parity with gold inkoming

That should be fun to watch. Didn't Marcus create a thread just for that purpose?

I know that a troy ounce is a pretty arbitrary unit on which to base a comparison, but it is the unit most commonly quoted for the price of gold.

Approaching gold-ounce parity is where the Chinese government has twice dropped the price of Bitcoin, first in 2013 with their phony Bitcoin "ban" and then again this year with their exchange "inspection" announcement. It seems like it must be an important psychological barrier to them.

Fun indeed.

[JayJuanGee]

Chinese exchanges stop withdraws and the market goes down by less than $100

Almost perfect

It does sound like a fairy tale doesn't it?
With a happy ending now we are living in with the price now over $1000 and nicely rising ever slightly every passing hour.

I do think it is the ETF is to blame for this one.

Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact.

I'm not sure about what speculative point you are making here that is of any significance?

Sure, we know that they were extensively faking volume, but after they discontinued margin trading and implementing fees, you want to suggest that they continued to fake volume in any kind of meaningful way that caused further PBOC intervention... that does not make sense.  Those exchanges were already on the PBOC radar by the time the PBOC had already intervened to cause them to discontinue margin trading and to implement fees.  The later intervention in regards to getting the exchanges to implement AML requirements is just a further intervention along the same theme... the lack of impact of the latest intervention might have more to do with the fact that the intervention had already started rather than the fact that the latest intervention does not have teeth.. because it is a bit of a bad precedent, no?  to freeze the ability of BTC holders to move their BTC from the exchanges for 30 days... that seems quite a bad thing if you had BTC on the exchanges and just for the precedent that it potentially sets.

[bitebits]

$1200 parity with gold inkoming

That should be fun to watch. Didn't Marcus create a thread just for that purpose?

I know that a troy ounce is a pretty arbitrary unit on which to base a comparison, but it is the unit most commonly quoted for the price of gold.

What is heavier, a kilo of feathers or a kilo of gold?

Please stop the gold parity talk. It's stupid (for now at least).

[JayJuanGee]

800's soon



[https://i.imgur.com/bb5bypT.gif[/img]

Apparently, you are not happy with the 17% correction and the subsequent recovery....

That was it, that was the correction.. but no, you, PoolMinor, apparently want more.. wish wish wish.. and try to act like you know something.


Seems like we are going up again... Really hard to know how far we are going to go this time.

I will grant you that if we get another test of the ATH and it fails, then $800s could be possible for the next correction.. but the odds still do not seem to be as great as you seem to be giving in that direction..   You are acting as if the odds are greater than 50% and you are kind of denying the current upwards price movement, and seem to be acting as if it is some kinds of unsupported upwards pressure.. .which really does not seem to be ther current price dynamics that we are experiencing... .. we seem to have a decent chance to go into the $1070 to $1180 range again.. and let's see if we break through it  this time?  

At this time, that breaking through this time I would maybe give less than 50% chance.. but it is really hard to know, and when we see it, there could be a change of heart and mind.

You really come off as a bit of an insecure goofball that you feel like you need to be right instead of just sharing information with folks in this thread and agreeing to have differing opinions.  

Edit:
This is why I said in a self moderated post (self-deleted) that readers on this thread seem to fail to actually read what I typed, instead of jumping to some grandiose conclusions. My timeline for these events are not as rushed as some people here want to believe. The pictures I have provided both Bull scenarios and Bear scenarios have been over 80% correct; all the Doji patterns I have posted. The c+h patterns haven't been correct as often I will concede though. The dates I posted in 2015 and 2016 were spot on. Yet everyone here seems to think that if you are against the bull scenario you must be spreading hate and FUD.
I sell on the way up and buy on the way down, I just like to be prepared and thought others here would like some of my insight.


99% chance!

I don't think anyone is not reading what you said, as you keep asserting.  We just disagree and frame the situation in differing ways.

I think that your scenario(above) of "we are here," has a fair chance of being correct, but likely a whole hell of a lot less than 99%.. Maybe 60% or so?  I don't know, but no where near 99%.. that is ridiculous.   Also, you are claiming that we are in a downwards spiraling wedge at the moment.. and you were even implying (though you deny such) that the $800 would be coming sooner.. (but now you seem to be putting that $800 claim a bit further into the future.  I don't really have a problem with any of the details of your prediction, but just a bit irritated by your seeming desire to want to be correct and also by some of the certainty that you are describing from time to time without being a bit more flexible in regards to timeline implications (yeah you deny that too... but think about some of the ways that you phrase matters that could sometimes lead folks to misreading, if you are not intending such.. without accusing them of failing to study your fine details).

[Cassius]

Chinese exchanges stop withdraws and the market goes down by less than $100

Almost perfect

It does sound like a fairy tale doesn't it?
With a happy ending now we are living in with the price now over $1000 and nicely rising ever slightly every passing hour.

I do think it is the ETF is to blame for this one.

Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact.

I'm not sure about what speculative point you are making here that is of any significance?

Sure, we know that they were extensively faking volume, but after they discontinued margin trading and implementing fees, you want to suggest that they continued to fake volume in any kind of meaningful way that caused further PBOC intervention... that does not make sense.  Those exchanges were already on the PBOC radar by the time the PBOC had already intervened to cause them to discontinue margin trading and to implement fees.  The later intervention in regards to getting the exchanges to implement AML requirements is just a further intervention along the same theme... the lack of impact of the latest intervention might have more to do with the fact that the intervention had already started rather than the fact that the latest intervention does not have teeth.. because it is a bit of a bad precedent, no?  to freeze the ability of BTC holders to move their BTC from the exchanges for 30 days... that seems quite a bad thing if you had BTC on the exchanges and just for the precedent that it potentially sets.

Oh good grief...

[JayJuanGee]

Chinese exchanges stop withdraws and the market goes down by less than $100

Almost perfect

It does sound like a fairy tale doesn't it?
With a happy ending now we are living in with the price now over $1000 and nicely rising ever slightly every passing hour.

I do think it is the ETF is to blame for this one.

Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact.

I'm not sure about what speculative point you are making here that is of any significance?

Sure, we know that they were extensively faking volume, but after they discontinued margin trading and implementing fees, you want to suggest that they continued to fake volume in any kind of meaningful way that caused further PBOC intervention... that does not make sense.  Those exchanges were already on the PBOC radar by the time the PBOC had already intervened to cause them to discontinue margin trading and to implement fees.  The later intervention in regards to getting the exchanges to implement AML requirements is just a further intervention along the same theme... the lack of impact of the latest intervention might have more to do with the fact that the intervention had already started rather than the fact that the latest intervention does not have teeth.. because it is a bit of a bad precedent, no?  to freeze the ability of BTC holders to move their BTC from the exchanges for 30 days... that seems quite a bad thing if you had BTC on the exchanges and just for the precedent that it potentially sets.

Oh good grief...

good grief what?  I asked you to explain, and I provided my own assessment... but instead you gots nothing, except for finger pointing and implied whining that you are being picked on (but you are the one that spouted out the incomplete ideas in the first place that raised these kinds of questions, no?)

[Cassius]

good grief what?  I asked you to explain, and I provided my own assessment... but instead you gots nothing, except for finger pointing and implied whining that you are being picked on (but you are the one that spouted out the incomplete ideas in the first place that raised these kinds of questions, no?)

https://en.wikipedia.org/wiki/Psychological_projection

[NathanJB]

So bitcoin will go down to 800sh soon? I'll wait for that to happen before I will re-enter then.   

[JayJuanGee]

So bitcoin will go down to 800sh soon? I'll wait for that to happen before I will re-enter then.   

If you are serious, you are fool for at least two reasons:

1) you come off as relying on internet advices to make financial decisions for yourself and your situation,

and

2) if you are not in bitcoin at all, then waiting for $800s is stupid because you are betting too much on one direction. 


On the other hand (in relation to point 2), if you have a 60% or 70% stake in your bitcoin related funds that are allocated to bitcoin, and you are merely considering what to do with your other 30% to 40% that is in fiat, then waiting for $800s would be a bit more reasonable to consider, even though I would not even bet that much on such probability of $800s... but yeah some folks have differing views, and bet accordingly...