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

[hv_]

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

Fuck it, why not $1500

I sure wouldn't mind

We write 2017  that's the correct goal in $
 

[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.

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.

So with that being said:
What was the fancy ath the mt.gox scenario created?
I think that is the number that this member is referring too.
Am I correct in this statement?

This is like an overly beaten topic about GOX, and yeah the number was somewhere in the $1200s and it really does not matter what the exact number was because it was fantasy and pie in the sky.  Who gives a ratt's ass if you could have sold coins on GOX for $1500.. In their final days, you could not get dollars out of there anyhow, you had to convert them back to bitcoin just to get them... that was part of the reason that the GOX numbers were so inflated.. and then later, you remember right before the implosion, the GOX prices went down into the $100s while all the other exchanges were trading in the $500s and $600s.. quite the fiasco (edit after the fact, I see strawbs used this "fiasco" word, too) in regards to GOX... yeah and those days may not be over either, when we have strange things going on from time to time, and hopefully all of the chinese exchange stuff works out and in the long run (or medium run), everyone can get their coins.

But you have to agree it will be discussed now because of the price level edges closer and closer to both those numbers they will debated until either of them are reached or surpassed then those agruements will be null at that point.
Just the new reigning undisputed champ of the ATH will matter to everyone.
With coins in their eyes. Reminds me of an anime cartoon.

[Arcteryx]

With all this talk about ath and what it was and at which point in time../
might be a good idea to take it to this thread instead:
https://bitcointalk.org/index.php?topic=1798843.msg17933160#msg17933160

Just a friendly gesture to keep this thread on the trend of the price increasing and not beating a dead horse about it any further also to keep it on topic and in focus. Is it not why people are coming to this thread? Instead of the ones titled "ATH..." such as the one mentioned above.
 

[simmo77]

$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.

Whatever the reasons (i.e. MtGox fiasco), $1216.73 is the highest number of USD ever paid* for one bitcoin. Let's just break that during this bull run, and then we can establish a new undisputed ATH.

* [EDIT: on an exchange]

Strawbs summarised it nicely for me.

Even though it "doesn't count" "Gox blah blah", it's still a psychological barrier - we smash through that we are TRULY in new territory.

[gembitz]

 

$2017 here we gooo++ :-D

[simmo77]

With all this talk about ath and what it was and at which point in time../
might be a good idea to take it to this thread instead:
https://bitcointalk.org/index.php?topic=1798843.msg17933160#msg17933160

Just a friendly gesture to keep this thread on the trend of the price increasing and not beating a dead horse about it any further also to keep it on topic and in focus. Is it not why people are coming to this thread? Instead of the ones titled "ATH..." such as the one mentioned above.
 

Oops sorry.

Y'know I actually saw a wall once. I'll save that story for another day.

[LLec]

-snip for save the bandwidth campaign for the miner's not to charge us so much in fees-
 

$2017 here we gooo++ :-D

To go along with your visual interpretation of the whole MT.Gox situation.

Wasn't the all time high $1164 or was that the false one from the Mt.Gox thing in 2013?

It depends on your position as to how valid the Gox price was. It legitimately reached 1226 IMO, as fiat withdrawals were still operational up to that price, but a story (that is completely unsubstantiated) that Gox was using software bots was entirely responsible for that price has been heavily popularised in the media and forums (and I remember seeing comments such as "Gox pumping bots alone were the cause of every price above $100").

[gentlemand]

It depends on your position as to how valid the Gox price was. It legitimately reached 1226 IMO, as fiat withdrawals were still operational up to that price

I was under the impression that USD withdrawals had been pretty much impossible for several months before the ATH. The Gox premium had existed for quite some time beforehand.

[ImI]

Gox fiat-withdraws were NOT operational at that time. In average you had to wait for several weeks to get your money out. As lots of folks smelled the fish they decided to pay a premium and get the fuck out of there. Which was obv the right thing to do..

[Torque]

Gox fiat-withdraws were NOT operational at that time. In average you had to wait for several weeks to get your money out. As lots of folks smelled the fish they decided to pay a premium and get the fuck out of there. Which was obv the right thing to do..

I'm reading that this is going to be the case when the Chinese exchanges start allowing withdrawals again (sometime after the 11th). Wouldn't be surprised to see delays, and monthy/yearly limits on both btc and Yuan withdrawals put in place at those exchanges.

More fish?

[Ted E. Bare]

Last week some of my friends invested in bitcoin too. We have so much fun at the moment.

[hv_]

Last week some of my friends invested in bitcoin too. We have so much fun at the moment.

I got some guys from Thomsonreuters infected

 

[r0ach]

This market is funny, it has no type of reasoning behind it.  The price spikes up to a double top on bitstamp then some random person just puts in a market order for $150,000.  Yea, I realize any market with two corresponding walls is nothing but manipulation to determine price, but it's funny watching it play out for an imaginary object with no inelastic demand.  Nobody can be like "oh yea, that was Dell buying some copper to wire their new buildings".  Everyone watching is just like, "Good job Chinese market manipulator".  And that's basically the synopsis of this entire market lol.

[JimboToronto]

Another pleasant good morning Bitcoinland.

The price keeps rising after a very small retrace last night... currently $1117USD (Bitcoinaverage).

It may not be going exactly sideways but it's still not running away either. and there's almost a week left in February.

Lots of time for Stamp to hit an ATH.

Go Bitcoin go.

[MirkoIta]

Last week some of my friends invested in bitcoin too. We have so much fun at the moment.

I kept buying bitcoins during the past weeks and I can confirm I have so much fun too at the moment. 

[Elwar]

Looks like the attempt to pass the 3 year high on BitStamp of $1139 was a bit too soon as today's run up was already on its final legs by the time it reached $1130.

Though if cup and handle charts work out, it looks like if we pass that price in the next few days we will be seeing a quick spike in the price.

[JimboToronto]

Last week some of my friends invested in bitcoin too. We have so much fun at the moment.

I kept buying bitcoins during the past weeks and I can confirm I have so much fun too at the moment. 

This is indeed fun.

It was fun back in early 2013 when people were wondering if double digits would stick and were exhilarated when it broke the old ATH at $33.

It was fun later that year when people wondered if triple digits would stick and exhilarated when it broke the old ATH of $266, posting Sparta images when it broke $300.

It was fun last year, first with the pre-halving surge and then later in the autumn with people wondering if we'd hit quadruple digits before the end of the year.

Now we're having similar fun with people wondering if quadruple digits will stick and expectantly awaiting the exhilaration of an ATH.

Fun fun fun.

[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.

So with that being said:
What was the fancy ath the mt.gox scenario created?
I think that is the number that this member is referring too.
Am I correct in this statement?

This is like an overly beaten topic about GOX, and yeah the number was somewhere in the $1200s and it really does not matter what the exact number was because it was fantasy and pie in the sky.  Who gives a ratt's ass if you could have sold coins on GOX for $1500.. In their final days, you could not get dollars out of there anyhow, you had to convert them back to bitcoin just to get them... that was part of the reason that the GOX numbers were so inflated.. and then later, you remember right before the implosion, the GOX prices went down into the $100s while all the other exchanges were trading in the $500s and $600s.. quite the fiasco (edit after the fact, I see strawbs used this "fiasco" word, too) in regards to GOX... yeah and those days may not be over either, when we have strange things going on from time to time, and hopefully all of the chinese exchange stuff works out and in the long run (or medium run), everyone can get their coins.

But you have to agree it will be discussed now because of the price level edges closer and closer to both those numbers they will debated until either of them are reached or surpassed then those agruements will be null at that point.
Just the new reigning undisputed champ of the ATH will matter to everyone.
With coins in their eyes. Reminds me of an anime cartoon.

I still see those as two different topics.  One topic is what is the current ATH and various resistance and support points that may exist and the other topic is what was the previous ATH and how easy or not was it to overcome it (historical and not so much of an influence on theories about current price dynamics). 

Questions about support and resistance that involve the previous ATH cannot really go away as a topic in the near term, even though 10 years down the road such topic would become even less of an influencing factor regarding then current price dynamics (but still an understanding of the price and what actually took place, from a historical perspective)

[Torque]

This market is funny, it has no type of reasoning behind it.  The price spikes up to a double top on bitstamp then some random person just puts in a market order for $150,000.  Yea, I realize any market with two corresponding walls is nothing but manipulation to determine price, but it's funny watching it play out for an imaginary object with no inelastic demand.  Nobody can be like "oh yea, that was Dell buying some copper to wire their new buildings".  Everyone watching is just like, "Good job Chinese market manipulator".  And that's basically the synopsis of this entire market lol.

[JayJuanGee]

Looks like the attempt to pass the 3 year high on BitStamp of $1139 was a bit too soon as today's run up was already on its final legs by the time it reached $1130.

Though if cup and handle charts work out, it looks like if we pass that price in the next few days we will be seeing a quick spike in the price.

I pulled a few of my sell orders (even though they are not very big) in the mid-to-upper $1100s because of the considerable likelihood of price dynamics playing out like you said (and seeming pretty imminent). 

Accordingly, once we get past $1139 resistance, we are likely to overshoot upwards.. and it would be difficult to project any meaningful correction occurring until sometime after $1200, and possibly even approaching the upper $1200s as the earliest realistic point of some kid of meaningful correction...