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

[podyx]

The slower the price goes up now, the more the price will go up in the future.

You guys will be in for a ride

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[Genesis1337]

The slower the price goes up now, the more the price will go up in the future.

You guys will be in for a ride

i am stepping onto the rocket right now, where are we headed?
 

[Aviator019]

The slower the price goes up now, the more the price will go up in the future.

You guys will be in for a ride

i am stepping onto the rocket right now, where are we headed?
 

to the moooooon

[Paashaas]

This is only the beginning of a new fresh trading week, more money will flow into the exchanges

Buckle up!

[Fakhoury]

Well well well. Looks like another leg up. Just checked in to see I missed it by minutes.

$1100USD $1488USD soon?

FTFY

Did you mean $1488CAD?

We're already up to $1415CAD.

USD

[Paashaas]

Btw, what happend to the guys who sold at the bottom? Because TA said that the price wil go down with $200-$800

[Mahdi0]

Screw TA. Trust momentum, your gut, and be patient.

[Plaubird]

I think there will be a lot of "win takers" today a little later - and because of that a little correction - but the new price level is set....

[JayJuanGee]

I think there will be a lot of "win takers" today a little later - and because of that a little correction - but the new price level is set....

Huh?  What does that mean? 

We had a several days of consolidation that was largely occurring between $1045 and $1065, and sure we have now had an upward break out that range that is seeming to be continuing upwards.  Sure, we may not know if we are continuing upwards to test ATH until maybe if we get past $1100 (which is seeming to have decent chances as I type), but you cannot really say with any level of certainty that we are pending any kind of meaningful downward correction.. so you would not want to sell too many coins, especially taking the chance that no meaningful correction takes place until $1200s or higher... ?  got to be prepared..

Personally, I am continuing to prepare myself for either price direction, and especially after that little 45 minute upwards pump that brought us from $1060 to $1090..... so I am feeling more balanced and, yeah we gotta keep selling tiny bits on the way up to prepare ourselves for downward, but we gotta be careful not to sell too many coins because we could be running out of coins too early, if we sell too many too soon.. and you especially want to have a decent sized stash of coins once we get into the $3k to $5k arena... which is surely within the realm of reasonable possibilities but yeah, in the shorter term there might not be a decent correction until we get 10%, 15% or more above the ATH..  so we should prepare for that possibility too, especially with this ongoing upward price pressures and movement..  yet at the same time, I have no problem with people personally preparing themselves for an unexpected correction that could take place at any time along that path.. but you can engage in such preparations without betting too much on that direction... while preserving the large majority of your BTC stash (maybe even in the 80% or higher territories.. currently right now, I am about 93% BTC... which is pretty comfortable for me and my perception of my personal situation.

[Karartma1]

its fucking happening!!!!!!!!! someone call ron paul

Who? 

Ron Paul! The Man who summons the Moon (and beyond)


You gotta be kidding though: how come you don't know Ron Paul!
.......


March is approching fast! Are we all ready yet?

[promomei]

The Bitcoin ETF Will Be Rejected According to Prediction Markets

https://www.cryptocoinsnews.com/the-bitcoin-etf-will-be-rejected-according-to-prediction-markets/

[kehtolo]

Personally i don't care about ETF.

There, i said it.

I don't see the importance you guys are giving this decision on the 11th March. It'll probably get rejected but who gives a shit? Honneybadger doesn't.

If it passes, great.. money will flow in from investors + funds who had been hiterto unable to invest in bitcoin. And it's an indirect investement.

At the same time, if it is rejected.. what does that change? It doesn't fundamentally change a thing in bitcoin land.

OK. So some traders gamblers might see it as bad news and short, to try and frontrun an anticipated drop.

It changes nothing. So any drop will be shortlived IMO. I don't see it going under $1000 but it could. In the worst case scenario.. around $910.

Anyone saying 500 is on crack.
600 - 700? Crack.

I think we can take out the ATH with or without an ETF.. hell i think we can take it out before Mar11..

Next stop after that is ~$1500

Ok, rant over. Time for more coffee.

EDIT: TL;DR - I only care about bitcoin. I don't care one way or the other for ETF in March (they will come eventually anyway) Bitcoin will be a success in the long term with or without ETF's.

[AlexGR]

The Bitcoin ETF Will Be Rejected According to Prediction Markets

https://www.cryptocoinsnews.com/the-bitcoin-etf-will-be-rejected-according-to-prediction-markets/

You only need to know the "trend": Has the establishment / authorities, ever done anything to pump BTC? No. They have done exactly the opposite (hammering BTC with "negative news"). And BTC rises despite these.

[Denker]

Btw, what happend to the guys who sold at the bottom? Because TA said that the price wil go down with $200-$800

These guys still saying the same.
"Just another push to cash out big when rejection of ETF gets announced" is what they are saying now.
What I agree with is that I believe as well the ETF will not get approved.However I can not see this as THE horror scenario why the market should shift and completely move into the other direction. We may drop down to something like between $800-$900. But that should be the bottom.Anything lower than that would be a present for buyers patiently waiting on the sideline to get in that cheap.

[savetherainforest]

Well well well. Looks like another leg up. Just checked in to see I missed it by minutes.

$1100USD $1488USD soon?

FTFY

Did you mean $1488CAD?

We're already up to $1415CAD.

He probably meant the web bot thingy with the eighty eights thingy!  (\8.8/)    

[marcus_of_augustus]

Supply and demand ... I'm not sure if ETF speculation has much to do with it at all, there seems to be exponential growth in multiple regions simultaneously, Japan, China, USA, Europe, India, maybe it's just time. Bitcoin has rekt lotsa wouldbe traders before, I'm sure it will do it again, it is unlike any market seen before, that is for sure.

Still targetting $1600-1800 by end of March to keep the exponential adoption growth wave bull run (beginning around $225 low) intact.

[HI-TEC99]

The Bitcoin ETF Will Be Rejected According to Prediction Markets

https://www.cryptocoinsnews.com/the-bitcoin-etf-will-be-rejected-according-to-prediction-markets/

You only need to know the "trend": Has the establishment / authorities, ever done anything to pump BTC? No. They have done exactly the opposite (hammering BTC with "negative news"). And BTC rises despite these.

The establishment's attitude could be changing. The EU is debating new rules to stop any company discriminating against any customer based on where his IP says he's located. The debated new rules specifically include consumers paying with virtual currencies.

Most companies accepting Bitcoin refuse to do business with New York residents out of fear of the Bit License, but the proposed new EU rules would compel EU companies to do business with them. That could help pump Bitcoin.

http://www.coindesk.com/eu-lawmakers-propose-to-ban-geo-blocking-of-digital-currency-users/

A European Parliament committee has proposed new measures that would prevent location-based discrimination against consumers in the economic bloc, including users of digital currencies...

The draft document states:

“The Commission should assess whether to provide the legal framework that allows, subject to the freedom of contract principle, the protection of undertakings and consumers when the transaction is carried through alternative modes of payment, including virtual currencies, other blockchain type transactions and ewallets.”

[Searing]

Supply and demand ... I'm not sure if ETF speculation has much to do with it at all, there seems to be exponential growth in multiple regions simultaneously, Japan, China, USA, Europe, India, maybe it's just time. Bitcoin has rekt lotsa wouldbe traders before, I'm sure it will do it again, it is unlike any market seen before, that is for sure.

Still targetting $1600-1800 by end of March to keep the exponential adoption growth wave bull run (beginning around $225 low) intact.

Crap...spent 4.5 btc on life issues....back to fiat it went......need to re-coup......of course it will now pump to $1,600 usd!

Oh well....good to have a goal....still should be OK from mining and get there in 3-4 months till EOL doorstop Titans anyway

messed my knee up.....car puked...etc....Life has a way of getting you when you are happy at your 100 btc ...blamo....that will show me...

Anyway even at 95.5 BTC that is still over 100k so go baby go....

(need life coach to be less of a klutz....sheesh)

As to the ETF my only hope is the new Trump administration is in such 'disarry' that maybe..just maybe...no action will be taken on ETF and it will slip through

doubtful..but if they are gonna drop the hammer why wait till march 11th to do so? (unless they want to knock down that pesky virtual coin BTC with that as a statement)

[becoin]

Most companies accepting Bitcoin refuse to do business with New York residents out of fear of the Bit License

Looks like Tor is the best friend for New York residents?

[AlexGR]

The establishment's attitude could be changing.

It could but it won't