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

[600watt]

the SEC disapproval dip will be the new silk road busted dip.


with extra drama. and unforeseen highs. mark my words.

[European Central Bank]

the SEC disapproval dip will be the new silk road busted dip.

i think the china shutdown was our silk road myself. certainly very similar in nature, what we thought was propping up bitcoin turned out to be horse shit. it's just taking a little more time like every market movement these days.

[strawbs]

moon to me feels like it should be what's currently an inconceivable price. i can well believe that $1000 felt that way at the start of 2013. right now it would have to be tens of thousands for me.

At the start of 2013 the ATH was $266. So it then basically shot past the ATH by about x4.5. The equivalent rise past the current ATH would take us to around $5000. Which would be nice, but we can hope for more.

[600watt]

the SEC disapproval dip will be the new silk road busted dip.

i think the china shutdown was our silk road myself. certainly very similar in nature, what we thought was propping up bitcoin turned out to be horse shit. it's just taking a little more time like every market movement these days.

you are right. a 30% dip would fit.

[HI-TEC99]

the SEC disapproval dip will be the new silk road busted dip.


with extra drama. and unforeseen highs. mark my words.

The SEC approval pump might be the new US decided not to ban Bitcoin pump to a new ATH.

Over the last three years we had Gox, China bans Bitcoin, the bitstamp hack, and the bitfinex hack holding the price back. We're getting desensitised  to bad news we've had so much of it. A SEC disapproval won't hold the price back for long if it happens.

[European Central Bank]

moon to me feels like it should be what's currently an inconceivable price. i can well believe that $1000 felt that way at the start of 2013. right now it would have to be tens of thousands for me.

At the start of 2013 the ATH was $266. So it then basically shot past the ATH by about x4.5. The equivalent rise past the current ATH would take us to around $5000. Which would be nice, but we can hope for more.

the price at the start of 2013 was about 10 bucks. $266 wasn't until a few months later. over 100x in one year. it can't happen again to that scale but it can have a good try if it wants to. i won't stop it.

[strawbs]

moon to me feels like it should be what's currently an inconceivable price. i can well believe that $1000 felt that way at the start of 2013. right now it would have to be tens of thousands for me.

At the start of 2013 the ATH was $266. So it then basically shot past the ATH by about x4.5. The equivalent rise past the current ATH would take us to around $5000. Which would be nice, but we can hope for more.

the price at the start of 2013 was about 10 bucks. $266 wasn't until a few months later. over 100x in one year. it can't happen again to that scale but it can have a good try if it wants to. i won't stop it.

Yes, you're right. I should have said mid-2013. Hard to believe that was nearly four years ago!

[Bitcoinb0b]

once they get the rest of the blocks for the chain the price will surely rise

[simmo77]

Loving this steady climb, but I'm not cracking open the champagne until the price hits $1216.74

[Elwar]

I mean back in the day we used to wipe our ass with 5-10% rises... now it's considered "moon" and we haven't even broken 2013 ATH. That is not moon. I miss the days of 10X-50X rises which will probably never happen again.... especially if people are putting $1000 price on a pedestal

The more mature the Bitcoin currency becomes, the less wild swings we will have.

Not jumping 10X-50X is a good thing.

[mymenace]

I mean back in the day we used to wipe our ass with 5-10% rises... now it's considered "moon" and we haven't even broken 2013 ATH. That is not moon. I miss the days of 10X-50X rises which will probably never happen again.... especially if people are putting $1000 price on a pedestal

The more mature the Bitcoin currency becomes, the less wild swings we will have.

Not jumping 10X-50X is a good thing.

Bit harder to have 10x-50x rise when the price as high as it is, compared to $10 or $150

How come it is only the US exchanges that have not broken the all time high

Europe, Australia and china seem to have broken it

[HI-TEC99]

I mean back in the day we used to wipe our ass with 5-10% rises... now it's considered "moon" and we haven't even broken 2013 ATH. That is not moon. I miss the days of 10X-50X rises which will probably never happen again.... especially if people are putting $1000 price on a pedestal

The more mature the Bitcoin currency becomes, the less wild swings we will have.

Not jumping 10X-50X is a good thing.

Bit harder to have 10x-50x rise when the price as high as it is, compared to $10 or $150

How come it is only the US exchanges that have not broken the all time high

Europe, Australia and china seem to have broken it

Probably because the dollar's stronger against those other country's currencies now than compared to three years ago. It was 1.37 euros to the dollar in December 2013, but today it's 1.05 euros to the dollar.

[Hunyadi]

the SEC disapproval dip will be the new silk road busted dip.


with extra drama. and unforeseen highs. mark my words.

Yep, that's what I have been thinking. First deep dip and then it's full throttle.

[mymenace]

I mean back in the day we used to wipe our ass with 5-10% rises... now it's considered "moon" and we haven't even broken 2013 ATH. That is not moon. I miss the days of 10X-50X rises which will probably never happen again.... especially if people are putting $1000 price on a pedestal

The more mature the Bitcoin currency becomes, the less wild swings we will have.

Not jumping 10X-50X is a good thing.

Bit harder to have 10x-50x rise when the price as high as it is, compared to $10 or $150

How come it is only the US exchanges that have not broken the all time high

Europe, Australia and china seem to have broken it

Probably because the dollar's stronger against those other country's currencies now than compared to three years ago. It was 1.37 euros to the dollar in December 2013, but today it's 1.05 euros to the dollar.

thanks, yep that's why
I hear its going to go in reverse and we will see currencies rise against the USD

looks like btc in for a big cup and handle, few reports so far of a very deep handle

[Le Happy Merchant]

$1216.74

?

[simmo77]

$1216.74

?

$1216.73 USD is ATH

[jackjack]

Let's go to $1300 and there won't be any debate over the last ATH anymore

[simmo77]

Let's go to $1300 and there won't be any debate over the last ATH anymore

Fuck it, why not $1500

[LLec]

$1216.74

?

$1216.73 USD is ATH

When was this broken?
The ATH was $1163 by many accounts back in the 2013. Most attribute this to the mt.gox going to the crapper so to them it does count.
Give exact dates and a source if possible so others can evaluate it for themselves.
Thanks.

[JayJuanGee]

$1216.74

?

$1216.73 USD is ATH

When was this broken?
The ATH was $1163 by many accounts back in the 2013. Most attribute this to the mt.gox going to the crapper so to them it does count.
Give exact dates and a source if possible so others can evaluate it for themselves.
Thanks.

Yep.. $1,163 remains the proper number when referring to previous ATH - using other nonsense exchange numbers such as GOX is just dealing with fantasy random numbers..   Sure, we can set various other targets, but when we are referring to or talking about going past previous ATH and discussing the extent of resistance at that price point and whether we have surpassed such previous ATH price point and by how much, we are still talking about $1,163 as our real world reference point.

On the other hand, if we are talking about other random target numbers, then that is another topic.