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

[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.

[arcanaaerobics]

Thats a lawyer looking for your gold!

Run for your god living lives!

They come running after your ambulance as soon as they hear you have to claim for damages!
 

Now ATH is near they don't want gold but want to be paid in your BITCOIN instead!

Run for the hills mateys!

[JayJuanGee]

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)

Having a goal to attempt to maintain a certain quantity of BTC reminds me of some of the dynamics of our current uptrend.

I know that when the price goes spurting up, I seem to end up selling a few percentages of my stash.. and then I start to worry that I do not have enough.. if the price continues to go up.  It is like losing 3-5% of your BTC stash starts to get worrisome - however, so far, in our run up from mid $200s to mid$1100s and then back to mid $700s and then back to lower $1100s, has caused me to recuperate a large number of those coins - and actually to have a bit of a bigger stash, each time when we make new highs.

On the other hand, I certainly have not yet had the experience of some of the folks who experienced those earlier outrageous exponential growth periods of 5x or 10x in a short period of time.. so those kinds of experiences would be more challenging to making sure that each of us hang on to a sufficient quantity of BTC.... in other words, don't sell too many. 

Now, if you have life or living expenses, then that might be another story - regarding having too much of your total finances tied up into BTC... especially if it causes you to sell at a time other than when you want to sell.

[JayJuanGee]

what's currently the "official" ATH?

1163$

no one cares about the fake ATH that gox did

I agree that $1163 is the number, yet I think that the reason that GOX does not matter is not so much about the artificial pump issue, but there was an issue regarding restricted (and almost no) ability to get fiat out of there.  So the GOX price was artificially way beyond the other exchanges, because you could not really cash out at that price and receive your cashed out money in fiat.. you had to send the cashed out money somewhere else (in bitcoin) to get the actual fiat.. which really means that the higher GOX price was not realizable in the real world.

[ImI]

what's currently the "official" ATH?

1163$

no one cares about the fake ATH that gox did

I agree that $1163 is the number, yet I think that the reason that GOX does not matter is not so much about the artificial pump issue, but there was an issue regarding restricted (and almost no) ability to get fiat out of there.  So the GOX price was artificially way beyond the other exchanges, because you could not really cash out at that price and receive your cashed out money in fiat.. you had to send the cashed out money somewhere else (in bitcoin) to get the actual fiat.. which really means that the higher GOX price was not realizable in the real world.

exactly, and thats why i call it "fake ATH". cause underlying were those withdrawal-issues that lead to those price differences. just like OKcoin today, only with different direction.

[JimboToronto]

Good morning ladies and gentlemen of Bitcoinland.

It's nice to see that 1000EUR seems to be holding along with yesterday's gains.

The battle for $1100 continues though... currently $1097USD at Bitcoinaverage, after bursting through and then pulling back.

As I said yesterday, I figure we'll probably spend a few days of sideways consolidation before the next proper leg up past the Stamp ATH.

It was nice to see the CAD price pass $1450 even if dropped a little since.

Go Bitcoin go. Anyone still waiting for $800?  

[spooderman]

Good morning ladies and gentlemen of Bitcoinland.

It's nice to see that 1000EUR seems to be holding along with yesterday's gains.

The battle for $1100 continues though... currently $1097USD at Bitcoinaverage, after bursting through and then pulling back.

As I said yesterday, I figure we'll probably spend a few days of sideways consolidation before the next proper leg up past the Stamp ATH.

It was nice to see the CAD price pass $1450 even if dropped a little since.

Go Bitcoin go. Anyone still waiting for $800?  

mornin jimbo

mention of the stamp ATH is making me moist.

[sidhujag]

Feels topy.. will confirm after 2 more dumps to create 3 crows on larger tf

[JimboToronto]

mornin jimbo

mention of the stamp ATH is making me moist.

Me too Spood, almost throbbing.  

Gotta love this nice steady gradual uptrend, up a bunch, back a bit, rinse and repeat.

Never running away, 6 red daily candles scattered among 22 green ones.

This is healthy growth.

[arcanaaerobics]

Good morning ladies and gentlemen of Bitcoinland.

It's nice to see that 1000EUR seems to be holding along with yesterday's gains.

The battle for $1100 continues though... currently $1097USD at Bitcoinaverage, after bursting through and then pulling back.

As I said yesterday, I figure we'll probably spend a few days of sideways consolidation before the next proper leg up past the Stamp ATH.

It was nice to see the CAD price pass $1450 even if dropped a little since.

Go Bitcoin go. Anyone still waiting for $800?  

Never going back down to $800 there mate.
NeVeR!

[Dafar]

Good morning ladies and gentlemen of Bitcoinland.

It's nice to see that 1000EUR seems to be holding along with yesterday's gains.

The battle for $1100 continues though... currently $1097USD at Bitcoinaverage, after bursting through and then pulling back.

As I said yesterday, I figure we'll probably spend a few days of sideways consolidation before the next proper leg up past the Stamp ATH.

It was nice to see the CAD price pass $1450 even if dropped a little since.

Go Bitcoin go. Anyone still waiting for $800?  

Never going back down to $800 there mate.
NeVeR!

Yea sure... wait til ETF gets denied, BU forces a shitty ass HF, and PBOC shuts down all BTC exchanges... $800 can happen anytime, but hopefully it wont

[JimboToronto]

Never going back down to $800 there mate.
NeVeR!

Yea sure... wait til ETF gets denied, BU forces a shitty ass HF, and PBOC shuts down all BTC exchanges... $800 can happen anytime, but hopefully it wont

Never say never. As we all know, we can't predict the future.

It's probably as likely to go to 5 digits this year as to go sub-$800 but while both are long shots, either could happen.

[White sugar]

Good morning ladies and gentlemen of Bitcoinland.

It's nice to see that 1000EUR seems to be holding along with yesterday's gains.

The battle for $1100 continues though... currently $1097USD at Bitcoinaverage, after bursting through and then pulling back.

As I said yesterday, I figure we'll probably spend a few days of sideways consolidation before the next proper leg up past the Stamp ATH.

It was nice to see the CAD price pass $1450 even if dropped a little since.

Go Bitcoin go. Anyone still waiting for $800? 

Never going back down to $800 there mate.
NeVeR!

Yea sure... wait til ETF gets denied, BU forces a shitty ass HF, and PBOC shuts down all BTC exchanges... $800 can happen anytime, but hopefully it wont

I think everyone agrees that it is more likely that the ETF will be denied, so it is priced and nothing would in practice.
If PBOC wanted to close the exchanges, they would already have done so.
And a hard fork already happened in BTCland and failed

[gembitz]

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

^china ban = the chinese leets want to keep the coins for themselves!! :-D ha

[gentlemand]

I think everyone agrees that it is more likely that the ETF will be denied, so it is priced and nothing would in practice.

I'd guess plenty of people have taken a bet on a yes. I expect a fair few of them to do a runner in the case of a no. It's the most exciting bit of action on the horizon so if it's not happening then there might be a short term sag. Everyone loves potential hype.

[HI-TEC99]

I think everyone agrees that it is more likely that the ETF will be denied, so it is priced and nothing would in practice.

I'd guess plenty of people have taken a bet on a yes. I expect a fair few of them to do a runner in the case of a no. It's the most exciting bit of action on the horizon so if it's not happening then there might be a short term sag. Everyone loves potential hype.

Some traders are speculating there will be a bit of a dump before they announce the ETF decision. They think a significant number of the traders anticipating a no will take profits early. In the long term I don't think it matters, Bitcoin's price will soon recover from the latest bad news.

[yefi]

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.

Their arsenal is certainly depleted. Unless they go nuclear and raid miners/seize equipment, I don't think they can really affect the trend now.