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

[r0ach]

I think we all aware of the ETF decision next week and we here mostly agree it won't happen and therefore....

Small dump? Large dump?

It depends.  Every evil, zionist banker shill in govt from Ben Bernanke to David Cameron has approved of bitcoin and wants the goyim to utilize it so every transaction you make can be tracked, and they know they can easily co-opt it to sidetrack you into their digital only, cashless society as well.  If they believe an ETF helps them accomplish this task in some manner, or it allows them to more easily manipulate the price up or down, then an ETF approval is not so far fetched.

There's just been way too many government tyrants and zionist financiers who have given bitcoin the thumbs up for me to believe they have any interest in trying to stop it.  Some of them want you to use it solely so you'll stay out of the already stretched thin gold and silver market.  Other banker shills want you to use it because they think it accommodates people to a cashless only society or that they can co-opt it.  I'd say it's 50/50 at this point.

[Lauda]

It is most certainly a strange $1+m being moved up and down. My theory is that if the SEC is planning on accepting the ETF, they would be buying Bitcoin up to the approval itself.

A week ago I was speculating they might be buying OTC Bitcoins on itBit, and that might be the reason it suddenly took over as volume leader during a pump. Its OTC market only deals in trades of over 100 bitcoins, and it's more regulated than most exchanges, which would suit the twins.

There were some unusual movements, but the markets aren't exactly rational. There were buys over $1m on both Gemini and Bitstamp today which makes me lead to believe that in both cases they are genuine investors. I doubt both exchanges would create fake walls to move the price around the same time.

Delusional is when you are unable to identify fundamentals and are on an investment-centric forum.  Comparing bitcoin vs metals fundamentals is also completely on-topic to price discussion.  Like I said before, the market can be irrational longer than you can remain solvent, but on a long enough timeline, bitcoin should behave as a currency and not "money".  Currencies are typically not stores of value.  

It has taken me a LONG TIME to really do a thorough analysis of bitcoin because there are just far too many variables, but there it is.  For most of the time I was focused on complete red herrings like the consensus systems and nash equilibrium, but most of that is just smoke and mirrors to obfuscate the fact that nobody can really get rid of a centralizing power vacuum force.  Instead of make believing that some new change is going to improve things, the proper analysis is that the ability to be so called "upgraded", which just means changed, is nothing but a negative in the first place.

If you think that Bitcoin is just a currency, you don't know what you're talking about. Cut the analysis bullshit and go back into your metal bagholding forums. You can't sell me such stories.

[r0ach]

If you think that Bitcoin is just a currency, you don't know what you're talking about. Cut the analysis bullshit and go back into your metal bagholding forums. You can't sell me such stories.

I guess you did not get the hint when they named it cryptocurrency instead of....cryptomoney.  It is a currency; it's not money.  Currencies are generally always a bad investment on a long timeline and there is no reason to own them unless you actually use them.  Once the market cap tops out, whether that's at $1200 a coin, $200 a coin, or $10,000 a coin, everyone who was attempting to use it as a store of value is going to flee the ship to the base of Exter's pyramid (metals) since they are a superior store of value, while the only people that continue to hold coins will be the people who actually use it as a currency.  

The number of people using it as a currency will obviously be factored by it's throughput (TPS).  To have a high market cap as a currency, TPS would probably have to be drastically higher than it is now with something like a functioning LN and 5000 TPS.  At that level it could probably float a large market cap as a payment processor, but I do not see a currency functioning well at low TPS with 1 MB blocks and no segwit or LN since low TPS is counterintuitive to how a currency is supposed to function (high turnover, not based on being a store of value or generational investment).

[fichtn12345]

Back on track with a new EUR ATH at kraken.

[600watt]

Back on track with a new EUR ATH at kraken.

2017 will be an epic ATH year for btc. let´s try to have a new one every month...

edit:i wonder when the 8888 chinese ATH will be taken and i wonder what will happen then...

[bitcoinvest]

Back on track with a new EUR ATH at kraken.

Good morning Bitcoin land!! New ATH on Kraken as we speak it goes up
Do you think there will be enough money to exchanges for the weekend to maintain the uptrend?

[mojolama]

Why are silver stackers so eager to see the world implode. Is it the shiny finish?

So true. Friend of mine is a silver bug and conversation always turns to "But what if theres an apocalypse?" He does'nt realise that a bucket full of silver is'nt going to help in that scenario... Also, he's a Zerohedge reader. I suspect that his thinking is influencence by all that .

[600watt]

I start to worry when that meme gets repeated airings.

Yep....keanu reeves could pretty much kill BTC just from excessive memes...he is evil....lol )

I think we all aware of the ETF decision next week and we here mostly agree it won't happen and therefore....


Small dump? Large dump?

2014 deja vu.

no, 2017 is the new 2013. mark my words... 

[bitcoinvest]

I start to worry when that meme gets repeated airings.

Yep....keanu reeves could pretty much kill BTC just from excessive memes...he is evil....lol )

I think we all aware of the ETF decision next week and we here mostly agree it won't happen and therefore....


Small dump? Large dump?

2014 deja vu.

no, 2017 is the new 2013. mark my words...  

Can you be more specific on that?  At what point you think we are now ??
According to this can you point us a date on this chart ?
https://99bitcoins.com/price-chart-history/

And have no problem to mark your words

[starmman]

I sold a little bit of BTC today, the massive rise of ETH and DASH make me think that some of the sharks have been quietly selling their BTC into them and this bull could be getting towards peak. Bought most of mine between 250/500/800 and mostly holding.

Maybe its true, but in my opinion they on;y follow the price of the bitcoin nothing more.
They only trap i see on this is the Dash coin that i would never touch

New ATH on Kraken !! EUR

It was just from what I observed during a pump last summer (things are most probably different this time) - I set my sell order up at around the second the peak hit just under the price i and it never hit the sell. Maybe this time I set the sell up too early - either way I still have plenty more bitcoin - and it's pretty hard to second guess every situation =)

[Ted E. Bare]

Taking out $1300 over the weekend?

Probably this will happens over the weekend but here is the answer of Friday :

Let's do this!

[Stevenirving]

Here comes $1300. Is it wrong that I am actually tearing up?

[Totscha]

Here comes $1300. Is it wrong that I am actually tearing up?

Nah, it's perfectly fine. Just go and punch a wall to feel manly again

[rjclarke2000]

My opinion is it's still undervalued.

My reason?

I am not overly excited. I was excited at $500 but not $1200. What is wrong with me?

I'm still expecting $10k+ in the years to come.

[Elwar]

[kehtolo]

^^^^Ha! 

Always, Always, Always buy the dip!

BTFD!!!!!!

[Ted E. Bare]

Here comes $1300. Is it wrong that I am actually tearing up?

Nah, it's perfectly fine. Just go and punch a wall to feel manly again

Haha, I need to do some wall punching as well.
It's beautiful when you invested at $300, people doubted but I kept holding on. I will never sell in the next couple of years.
And the best part is today we're all winners. No matter at what price you bought you did great.

[Lauda]

My little stitch today:


Bitcoin price hit 2k on Bitoinde today  : https://bitcoinity.org/markets/bitcoinde/EUR

[bitcoinminer42]

time for a bigger boat?

i am more of an car guy 

looks more like a lunch-box 

[machasm]

Even though I have a tidy little sum of BTC I still got caught up in FOMO fever and buought a little more today!