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

[arcanaaerobics]

My eyes are blurry right now!
Am I seeing it $1144,66?

That is something to see what happened all the freaking sudden.

Did Trump die or something and all the illegals are buying mexican flags?

[ImI]

what's currently the "official" ATH?

1163$

no one cares about the fake ATH that gox did

The media does.  They won't run a story about breaking the all time high until they can do it without having to explain why the MtGox price is invalid.

I expect the media to announce ATH as soon as Stamp breaks 1163$.

We will see.

[podyx]

I think we are on our way, the coming months will be exciting!

[arcanaaerobics]

what's currently the "official" ATH?

1163$

no one cares about the fake ATH that gox did

The media does.  They won't run a story about breaking the all time high until they can do it without having to explain why the MtGox price is invalid.

I expect the media to announce ATH as soon as Stamp breaks 1163$.

We will see.

Unless some idiot spills the beans of something bigger than wikileaks and fucks everybody here over.

Then it will be fuckday for everybody.

Feb 21st the Official "Bitcoin get's fucked day!"

[BitcoinHodler]

What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242....

i think this story not find readers any more they will come up with something new maybe they will try to promote disapproval of the ETF as a catastrophe (if it will not get approved)but we all know, no matter what, Bitcoin road long term is only UP!

Indeed. I'm considering shorting before the allegedly 'catastrophic' ETF news causes the inevitable selling, just so I can accumulate more coins prior to the impending shot at the moon!

although this is such an iffy strategy but this is also my thoughts.
i am waiting for the "possible" ETF failure and the FUD that will surely come with that. and these times are excellent for this type of trading to get a shitloads of profit while everyone is scratching their head thinking what happened

[HI-TEC99]

What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242....

i think this story not find readers any more they will come up with something new maybe they will try to promote disapproval of the ETF as a catastrophe (if it will not get approved)but we all know, no matter what, Bitcoin road long term is only UP!

Indeed. I'm considering shorting before the allegedly 'catastrophic' ETF news causes the inevitable selling, just so I can accumulate more coins prior to the impending shot at the moon!

That's a huge gamble.

Everyone thought the US would ban Bitcoin before the last ATH, and people dumped in droves in the hope of buying back lower. When the US announced it had decided not to ban Bitcoin it immediately went to the moon leaving the dumpers crying.

If the ETF gets approved the dumpers will be crying while Bitcoin immediately moons, and if it doesn't get approved Bitcoin will moon sooner or later anyway.

[gentlemand]

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.

I distinctly remember watching the price while US senators were making positive noises about BTC. It was reacting from sentence to sentence.

What some seem to regard as BTC's persecution is just the application of laws that exist with everything else. An ETF rejection won't be a grand political statement. They simply won't think that it cuts it at present as a safe enough asset class.

[ImI]

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.

I distinctly remember watching the price while US senators were making positive noises about BTC. It was reacting from sentence to sentence.

What some seem to regard as BTC's persecution is just the application of laws that exist with everything else. An ETF rejection won't be a grand political statement. They simply won't think that it cuts it at present as a safe enough asset class.

gentlemand spot on as always. a welcome sanity in this tinfoilhat ridden environment. 

[xxxgoodgirls]

Congratulations everyone.

[GBattaglia]

What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242....

i think this story not find readers any more they will come up with something new maybe they will try to promote disapproval of the ETF as a catastrophe (if it will not get approved)but we all know, no matter what, Bitcoin road long term is only UP!

Indeed. I'm considering shorting before the allegedly 'catastrophic' ETF news causes the inevitable selling, just so I can accumulate more coins prior to the impending shot at the moon!

I think even if the ETF passes price might go down because so many are probably buying on the hopes that it will moonshot if it goes through. No moon, big sell off. Just my opinion. Granted we are pushing ATH now.

[jackjack]

[Denker]

what's currently the "official" ATH?

$1163 ? (Bitstamp 2013)

bitstamp ATH $1163
bitfinex ATH $1175
Gox ATH $1242

Everyone says the Gox ATH was manipulated, but at the highest price it's a big psychological barrier. I'll be happy if it takes another week to go above the bitstamp ATH. I expected more of a battle to get over $1100.

There's still a possibility of a pullback.So we could test the $1100 as a support.That is certain imo.
Will it hold then? I don't know.

[Torque]

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.

I distinctly remember watching the price while US senators were making positive noises about BTC. It was reacting from sentence to sentence.

What some seem to regard as BTC's persecution is just the application of laws that exist with everything else. An ETF rejection won't be a grand political statement. They simply won't think that it cuts it at present as a safe enough asset class.

Sure, sure.  Just like the BitLicense, eh?   

Just playing a little devil's advocate with ya.

[Torque]

Also, remember kids:

FOMO is not a good reason to buy bitcoin. In fact, it is not a good reason to buy anything in life.

You have to believe in what you are doing.  Do the research.

[gentlemand]

Sure, sure.  Just like the BitLicense, eh?   

Just playing a little devil's advocate with ya.

Well, I'll try setting up a bank in New York state, see how it goes and then I'll get back to you.

[Torque]

Sure, sure.  Just like the BitLicense, eh?  

Just playing a little devil's advocate with ya.

Well, I'll try setting up a bank in New York state, see how it goes and then I'll get back to you.

Haha yeah I hear ya.

The thing is, I believe that the State rarely ever does anything to protect the people.  They pass legislation to a) protect themselves, and b) for their own good and for their own advantage.

To rig the system so that only the wealthy elite end up with all the BitLicenses is criminal, and that N.Y. state gets high "entry fees" for each one is also criminal.  It's extortion.

[gentlemand]

The thing is, I believe that the State rarely ever does anything to protect the people.  They pass legislation to a) protect themselves, and b) for their own good and for their own advantage.

Absolutely. And it applies to everything. I don't think Bitcoin is a special snowflake that they're out to 'get'. They're out to 'get' everything that isn't directly aligned with their own interests. And everyone has to pay to join the club.

[Searing]

What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242....

High, very high imho. That is press catnip when China does that. Easy gloom doom btc story to write
Then when btc pumps again they write the opposite piece to the moon. Rinse/Wash/Repeat.

Lots of eyeballs for both stories. Very little research needed but the over the top headline hook

[spooderman]

What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242....

High, very high imho. That is press catnip when China does that. Easy gloom doom btc story to write
Then when btc pumps again they write the opposite piece to the moon. Rinse/Wash/Repeat.

Lots of eyeballs for both stories. Very little research needed but the over the top headline hook

last banning had such a tiny effect. i think if governments want to fuck with bitcoin now they are going to have to raise their game somewhat.

[gentlemand]

What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242....

High, very high imho. That is press catnip when China does that.

But China isn't present to dump. It's hard to imagine what else they can roll out at this stage. Everywhere else is slowly disconnecting from China. Maybe a few Chinese folks have migrated to Japan for that zero fee fun so they'll have a go there, but not many people elsewhere seem to be paying Japan much attention right now.