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

[JimboToronto]

Good morning Bitcoinland.

I see that after Friday's drama we seem to have gotten back to Bitcoin's normal state of affairs, creeping upward... currently $1205USD (Bitcoinaverage).

In my opinion, there were more people anticipating ETF rejection than approval, as evidenced by polls ranging from 30%-50% expecting acceptance.

This led many to save the fiat that they otherwise would have spent on bitcoins during the period leading up to the decision, hoping to buy a deep dip.

When the dip wasn't as deep as anticipated, they waited for a further dip which hasn't come yet. They're now starting to realize that another large drop might not immediately happen, so they're starting to use those reserved funds to buy more coins while the price is still down.

Hopefully most of us were smart enough to buy when prices were below $1100 and not get too greedy by waiting for it to drop much below $1000.

Personally, when I saw it momentarily go below $1000 and bounce right back up over again, I made my move and bought my coins.

Now in retrospect I'm glad I did.

[mckk]

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people  

Man I was talking about short term, I repeat SHORT.

[Ted E. Bare]

Short term reality facts: Global exponential growth in demand for bitcoin. Sure on the exchanges we have traders manipulating the price, but the real world demand might be too strong to manipulate the price down.

[spooderman]

Good morning Bitcoinland.

I see that after Friday's drama we seem to have gotten back to Bitcoin's normal state of affairs, creeping upward... currently $1205USD (Bitcoinaverage).

In my opinion, there were more people anticipating ETF rejection than approval, as evidenced by polls ranging from 30%-50% expecting acceptance.

This led many to save the fiat that they otherwise would have spent on bitcoins during the period leading up to the decision, hoping to buy a deep dip.

When the dip wasn't as deep as anticipated, they waited for a further dip which hasn't come yet. They're now starting to realize that another large drop might not immediately happen, so they're starting to use those reserved funds to buy more coins while the price is still down.

Hopefully most of us were smart enough to buy when prices were below $1100 and not get too greedy by waiting for it to drop much below $1000.

Personally, when I saw it momentarily go below $1000 and bounce right back up over again, I made my move and bought my coins.

Now in retrospect I'm glad I did.

seems like a fair analysis. i also rode the waves nicely i'm proud to say (first time ever). i sodl the second it got rejected, bought back below $1k and increased my stash a little.

[becoin]

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people  

Man I was talking about short term, I repeat SHORT.

Don't panic! If you can't buy now you'll have chance to buy at 1300 on Monday.

[gembitz]

Good morning Bitcoinland.

I see that after Friday's drama we seem to have gotten back to Bitcoin's normal state of affairs, creeping upward... currently $1205USD (Bitcoinaverage).

In my opinion, there were more people anticipating ETF rejection than approval, as evidenced by polls ranging from 30%-50% expecting acceptance.

This led many to save the fiat that they otherwise would have spent on bitcoins during the period leading up to the decision, hoping to buy a deep dip.

When the dip wasn't as deep as anticipated, they waited for a further dip which hasn't come yet. They're now starting to realize that another large drop might not immediately happen, so they're starting to use those reserved funds to buy more coins while the price is still down.

Hopefully most of us were smart enough to buy when prices were below $1100 and not get too greedy by waiting for it to drop much below $1000.

Personally, when I saw it momentarily go below $1000 and bounce right back up over again, I made my move and bought my coins.

Now in retrospect I'm glad I did.

^i think we are heading towards $2000 ~ just a hunch :-D

[notme]

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people 

Man I was talking about short term, I repeat SHORT.

Don't panic! If you can't buy now you'll have chance to buy at 1300 on Monday.

The Japanese are already paying $1300.

[mckk]

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people  

Man I was talking about short term, I repeat SHORT.

Don't panic! If you can't buy now you'll have chance to buy at 1300 on Monday.

All of you (or most of you) are really trusting that we will see blind green candle. Okay, I don't think so. When everyone is saying that BTC will rise (I'm talking about short term) everyone is buying, but that's just blind move imo. Big Bears want to pump price to get better profits on their shorts. Sooner or later we will see drop.

[notme]

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people  

Man I was talking about short term, I repeat SHORT.

Don't panic! If you can't buy now you'll have chance to buy at 1300 on Monday.

All of you (or most of you) are really trusting that we will see blind green candle. Okay, I don't think so. When everyone is saying that BTC will rise (I'm talking about short term) everyone is buying, but that's just blind move imo. Big Bears want to pump price to get better profits on their shorts. Sooner or later we will see drop.

Why?  What evidence do you have that it will drop?  Lots of people seem to be expecting that, but I just can't understand what would cause that to happen.  Leveraged longs are low, leveraged shorts are high.  Demand has been pent up awaiting the decision.  Anyone who wanted to sell has sold.

[Lauda]

ETF denied, two days later back at >$1200. Extremely bullish sign?

[becoin]

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people  

Man I was talking about short term, I repeat SHORT.

Don't panic! If you can't buy now you'll have chance to buy at 1300 on Monday.

All of you (or most of you) are really trusting that we will see blind green candle. Okay, I don't think so. When everyone is saying that BTC will rise (I'm talking about short term) everyone is buying, but that's just blind move imo. Big Bears want to pump price to get better profits on their shorts. Sooner or later we will see drop.

Dh okay, now I got it. If you want to sell you have to buy, right?

[JayJuanGee]

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people  

Man I was talking about short term, I repeat SHORT.

Don't panic! If you can't buy now you'll have chance to buy at 1300 on Monday.

All of you (or most of you) are really trusting that we will see blind green candle. Okay, I don't think so. When everyone is saying that BTC will rise (I'm talking about short term) everyone is buying, but that's just blind move imo. Big Bears want to pump price to get better profits on their shorts. Sooner or later we will see drop.

You are blind, if you think that participants in this thread are delusional bulls.

Sure, some folks are more bullish and more delusional than others, but you seem to be missing a large piece of the picture if you are either suggesting that bitcoin is a mature technology (and should behave as such) or you might just not understand the possibility of the s curve in exponential growth adoption and networking effects. 

You may still have some time to save your short, and buy a little at $1200, if it dips down.. but I would not count on it... hahahahahaha

[rjclarke2000]

This is quite astonishing. If it stays around this level after tomorrow (being the first working day back after ETF news) I'll be very confident we will not see a dump.

[Elwar]

Just had someone try to log into my ANX Pro exchange account. That site used the Cloudflare thing that was hacked a few weeks ago.

Just FYI.

They didn't get in, I don't have anything on any exchanges anymore anyway. All cold storage at this point.

IP address was India though that is likely spoofed.

[mckk]

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people  

Man I was talking about short term, I repeat SHORT.

Don't panic! If you can't buy now you'll have chance to buy at 1300 on Monday.

All of you (or most of you) are really trusting that we will see blind green candle. Okay, I don't think so. When everyone is saying that BTC will rise (I'm talking about short term) everyone is buying, but that's just blind move imo. Big Bears want to pump price to get better profits on their shorts. Sooner or later we will see drop.

Dh okay, now I got it. If you want to sell you have to buy, right?

You start buying, speed up carousel, then you start backing off. Others see the hype, buy more, more and more. Then you go in with shorts and drop the price, another panick starts, people sell and price go lower and lower, you realise your short and you're the king =)

[Meuh6879]

China Sunday Pump.

[Elwar]

The next thing to move the price will be when China starts allowing Bitcoin withdrawals.

Not that the price needs much help in moving.

[becoin]

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people  

Man I was talking about short term, I repeat SHORT.

Don't panic! If you can't buy now you'll have chance to buy at 1300 on Monday.

All of you (or most of you) are really trusting that we will see blind green candle. Okay, I don't think so. When everyone is saying that BTC will rise (I'm talking about short term) everyone is buying, but that's just blind move imo. Big Bears want to pump price to get better profits on their shorts. Sooner or later we will see drop.

Dh okay, now I got it. If you want to sell you have to buy, right?

You start buying, speed up carousel, then you start backing off. Others see the hype, buy more, more and more. Then you go in with shorts and drop the price, another panick starts, people sell and price go lower and lower, you realise your short and you're the king =)

You're dreaming, buddy. Wake up!
I understand you've sold out you bitcoins but what can I say? Thank you for the cheap coins!

[Gillette]

The next thing to move the price will be when China starts allowing Bitcoin withdrawals.

Not that the price needs much help in moving.

When Chinese exchanges are going to allow btc withdrawals?

[HI-TEC99]

The next thing to move the price will be when China starts allowing Bitcoin withdrawals.

Not that the price needs much help in moving.

The next thing to move the price will be when the FED raises the rate next Wednesday, and the Yuan crashes because of it. Nothing starts the Chinese buying Bitcoins like the Yuan crashing.