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

[JimboToronto]

According to CoinMarketCap, we crossed $1000 once again...

I hope we don't go back to less than $900 ever again.

Hit $1006 at Bitcoinaverage. Now all we need is for Stamp to follow suit.

Too bad we got our unbroken string of days over $1000 since Groundhog Day snapped yesterday.

You are a kind of torch against the darkness when we face difficult times. Your attitude makes me more comfortable my coffee lover friend

Thanks, but it's easy to be positive when your coins are worth many times what you paid for them.

I was lucky to have discovered Bitcoin just before a bubble, in early 2013. I'd read about the Great Bitcoin Bubble of 2011 and the lengthy recovery afterward, so I didn't panic when the price plummeted in April. Likewise I didn't panic after the autumn 2013 bubble burst and we went into a year-and-a-half bear market.

It's really easy for me to hold firmly, while buying the dips. Those who bought in after learning about Bitcoin because of a bubble might have a harder time being resolute.

Seeing the price fall to under $60 after I'd bought in at $68 and paid up to $120 was hard but the history lesson of 2011 taught me to be strong. For those who bought at $1300, the dip to $900 could be traumatic.
_____

By the way, the only reason I used to mention coffee is because I usually post when I first check prices upon rising. My main drink is Guinness Extra Stout.

That said, I'm on my second cup of Mocha-Java, full city roast with half-and-half cream and pure cane sugar. Yum.

[york780]

According to CoinMarketCap, we crossed $1000 once again...

I hope we don't go back to less than $900 ever again.

Hit $1006 at Bitcoinaverage. Now all we need is for Stamp to follow suit.

Too bad we got our unbroken string of days over $1000 since Groundhog Day snapped yesterday.

1000$ broken! , 59 more to continue the uptrend and destroy the bearish sentiment

[savetherainforest]

so how is everyone doing today
i just got home to my computer to see price is at $996.9 @finex already and it seems like the happy hour is over now.

i am sorry for those who sold a couple of hours ago!

Because lots op people dont trust bitcoin, thats why all the panic dumps happen in the first place.

and thank god for them. without them i don't know how i could get free coins.

+1

The world need more stupid people! ... STAT!... gief plz!    

[JimboToronto]

$1337CAD at Bitcoinaverage now.

Nice round number. 

Time for the USD price to follow suit.

[york780]

$1337CAD at Bitcoinaverage now.

Nice round number. 

Time for the USD price to follow suit.

10K at the end of the year? Mega parabolic momentum incoming? 

[criptix]

this is the titanic nothing can sink this ship

FULL SPEED AHEAD!

Adam the space jew

i need sub 950 ...

Dont buy at 1200 to sell at 900...
Mrs adam will be super mad!!!

[JimboToronto]

$1337CAD at Bitcoinaverage now.

Nice round number. 

Time for the USD price to follow suit.

10K at the end of the year? Mega parabolic momentum incoming? 

$10K would most certainly be nice. It would make millionaires of those of us with over 100 coins.

Unfortunately a million bucks isn't what it used to be. When I was a kid, it made you rich. Now it barely buys you a modest detached home or small condo in downtown Toronto.

I'd need a price of $30k to consider myself rich. As it is, my current nest egg should keep me comfortable for the rest of my life. I want to be able to hire and fire my own caregivers when I'm too old to take care of myself.
_____

$10K by the end of the year? Possible but unlikely.

By 2020? Almost surely.

[Elwar]

My bet we're back in 4 digits in less than 24h

I do believe on that too.

Whenever bitcoin makes a return, it seems like it has become more powerful than before.

Bitcoin be like:

[diagla]

$1337CAD at Bitcoinaverage now.

Nice round number. 

Time for the USD price to follow suit.

10K at the end of the year? Mega parabolic momentum incoming? 

$10K would most certainly be nice. It would make millionaires of those of us with over 100 coins.

Unfortunately a million bucks isn't what it used to be. When I was a kid, it made you rich. Now it barely buys you a modest detached home or small condo in downtown Toronto.

I'd need a price of $30k to consider myself rich. As it is, my current nest egg should keep me comfortable for the rest of my life. I want to be able to hire and fire my own caregivers when I'm too old to take care of myself.
_____

$10K by the end of the year? Possible but unlikely.

By 2020? Almost surely.

Meanwhile I'm still trying to get my first coin... and anything could happen in 3 years, I wouldn't be so sure of it reaching 10k just yet.

[JayJuanGee]

 
Could there be some kind of emergency temporary resolution in the works?

https://twitter.com/lveAnkurGoel/status/846018470873477120

The tweets are more or less asserting that there is a big meeting going on in China that could bring some kind of resolution in less than 24 hours.

 I cannot really anticipate what such a possible resolution would be, except some kind of token resolution that brings confidence back to the market (that a hardfork is not imminent, for example).

A token resolution would possibly cause a temporary rise in price by $100 or more, but if there were a real meaningful resolution (which seems a lot less likely), we could get a pump into the $2k plus arena.

If no resolution - not even token resolution (which does seem to be a less likely scenario), then wouldn't that mean downside, maybe even testing support at $800?
 
Any thoughts about whether any kind of actual meeting is taking place and if so, the consequences of such?

[boyshx]

Could there be some kind of emergency temporary resolution in the works?

https://twitter.com/lveAnkurGoel/status/846018470873477120


The tweets are more or less asserting that there is a big meeting going on in China that could bring some kind of resolution in less than 24 hours.

 I cannot really anticipate what such a possible resolution would be, except some kind of token resolution that brings confidence back to the market (that a hardfork is not imminent, for example).

A token resolution would possibly cause a temporary rise in price by $100 or more, but if there were a real meaningful resolution (which seems a lot less likely), we could get a pump into the $2k plus arena.

If no resolution - not even token resolution (which does seem to be a less likely scenario), then wouldn't that mean downside, maybe even testing support at $800?
 
Any thoughts about whether any kind of actual meeting is taking place and if so, the consequences of such?

Why do you trust in a twitter acount with 9 tweets and like 29 followers. Lol

[Raja_MBZ]

My bet we're back in 4 digits in less than 24h

I do believe on that too.

Whenever bitcoin makes a return, it seems like it has become more powerful than before.

Bitcoin be like:

Yup, that's the answer to all the threats to bitcoin.

[Killerpotleaf]

i've been talking about this for months.
http://www.coindesk.com/charts-determining-ideal-block-size-bitcoin/
see the last 2 sections:
Miner revenue
The ideal block size for users
 

poeple need to understand this, and fears of ballooning blocksize killing bitcoin's decentralization will be eliminated

[JimboToronto]

I'm still trying to get my first coin... and anything could happen in 3 years, I wouldn't be so sure of it reaching 10k just yet.

Many here have less than a coin. Some people think that owning 21 coins will make you a member of the Bitcoin elite. The days of spending 10K coins on a pair of pizzas  are gone, just like CPU and GPU mining. People with hundreds or thousands of coins either got in fairly early or were reasonably well off to begin with.

Just keep buying what you can afford to invest (and forget) when it dips and hold tight.

Indeed, anything could happen in 3 years but most likely Bitcoin will continue to grow, both in adoption and price. Worrying about some cataclysmic event won't do any good. You may as well worry about some apocalyptic war or collision with a comet or something.

As I said, I think the chances of it hitting $10K this year are pretty slim but anything can happen. I also think the chances of it hitting $10K within 3 years are pretty good but anything can happen.

[JayJuanGee]

Could there be some kind of emergency temporary resolution in the works?

https://twitter.com/lveAnkurGoel/status/846018470873477120


The tweets are more or less asserting that there is a big meeting going on in China that could bring some kind of resolution in less than 24 hours.

 I cannot really anticipate what such a possible resolution would be, except some kind of token resolution that brings confidence back to the market (that a hardfork is not imminent, for example).

A token resolution would possibly cause a temporary rise in price by $100 or more, but if there were a real meaningful resolution (which seems a lot less likely), we could get a pump into the $2k plus arena.

If no resolution - not even token resolution (which does seem to be a less likely scenario), then wouldn't that mean downside, maybe even testing support at $800?
 
Any thoughts about whether any kind of actual meeting is taking place and if so, the consequences of such?

Why do you trust in a twitter acount with 9 tweets and like 29 followers. Lol

You could be correct that there is no meeting going on, and I didn't really notice how to measure possible credibility on twitter....


I don't really follow tweets, but I had seen this posted in another bitcoin thread, and part of the reason that I posted here was to get some feedback from others in this thread.

[york780]

$1337CAD at Bitcoinaverage now.

Nice round number. 

Time for the USD price to follow suit.

10K at the end of the year? Mega parabolic momentum incoming? 

$10K would most certainly be nice. It would make millionaires of those of us with over 100 coins.

Unfortunately a million bucks isn't what it used to be. When I was a kid, it made you rich. Now it barely buys you a modest detached home or small condo in downtown Toronto.

I'd need a price of $30k to consider myself rich. As it is, my current nest egg should keep me comfortable for the rest of my life. I want to be able to hire and fire my own caregivers when I'm too old to take care of myself.
_____

$10K by the end of the year? Possible but unlikely.

By 2020? Almost surely.

I am still blessed with youth so i dont have to worry about that one. I lost many coins because of exchanges and crashing wallets but i am gathering all my power and fiat to reach the holy goal of 21 coins. But since many coins are lost because of hacks 16 coins will do to be 1 of the million.i think i have reached 21 coins in about a year. When i reach it i will start a whale elite topic for members that have 21 coins or more.   so i need the price to stay low for a year. Not going to happen lol

[conspirosphere.tk]

My bet we're back in 4 digits in less than 24h

my bet is that here comes another dump, and we're still in bear market land (until we close above 1050 or until the BUllshitters are kicked out, whatever comes first).

[PoolMinor]

My bet we're back in 4 digits in less than 24h

my bet is that here comes another dump, and we're still in bear market land (until we close above 1050 or until the BUllshitters are kicked out, whatever comes first).

Yes, the norm has shifted again. No more pumps during the week and dumps on the weekend, look for the opposite. I expect another price surge soon followed by another dump this week. Sell at $1050-$1100 and buy back at ~$925 assuming support holds at $900. Otherwise plan on a further drop to lower $800s.
Yeah sorry no chart or percentages of possibilities.

I don't give a shit what you think JJG. Don't bother.

[Torque]

i've been talking about this for months.
http://www.coindesk.com/charts-determining-ideal-block-size-bitcoin/
see the last 2 sections:
Miner revenue
The ideal block size for users
 

poeple need to understand this, and fears of ballooning blocksize killing bitcoin's decentralization will be eliminated

Yeah, thanks Adam, the article pretty much confirms what we already have with 1MB block limit today:

"1 MB blocks currently has kept pace with network demand so far, despite undesirable delays in transaction processing times and expensive fees during congested time." - We have this with 1MB today

"The most optimal block size to maximize miner's revenues is any size small enough to congest the network which is around 95% filled or more [which >80% *only* happens during frenzied trading periods, NOT real-world everyday buying transactions]. Getting congestion and an onset of "leap frogging" fees scenario between users would be the optimal miners game to play." - We have this with 1MB today

"The transaction confirmation times start to suffer when blocks are above 80% filled [which only happens during frenzied trading periods, NOT real-world everyday buying transactions. Just go look at the mempool now]. At this level, fees are reasonable but not exorbitant, but not too cheap to substantially impact the security model of bitcoin as the block reward subsidy diminishes in future years." - We have this with 1MB today

So what is your point again??

[JayJuanGee]

My bet we're back in 4 digits in less than 24h

my bet is that here comes another dump, and we're still in bear market land (until we close above 1050 or until the BUllshitters are kicked out, whatever comes first).

[https://preview.ibb.co/jsxwbF/Screenshot_from_2017_03_26_19_46_55.png[/img][/url]

Yes, the norm has shifted again. No more pumps during the week and dumps on the weekend, look for the opposite. I expect another price surge soon followed by another dump this week. Sell at $1050-$1100 and buy back at ~$925 assuming support holds at $900. Otherwise plan on a further drop to lower $800s.
Yeah sorry no chart or percentages of possibilities.

I don't give a shit what you think JJG. Don't bother.

Actually, even if you don't care what I think, currently, I am of a similar thinking... so I believe that your assessment is fair under current market conditions.

By the way, when we post in public threads, the content might be more for the public rather than specifically in response to the person (otherwise we would be on a private message.. hahahaha)

Yesterday, I had posted my belief that if we get two daily green candles in a row (we already got one yesterday), then the most likely short term range was going to bounce around between $950 an $1050 for the coming weeks.  I am still tentatively of that conclusion, and it looks like we have about 6 more hours for today's candle to close (and if that candle is above $957, it will be green, and I will likely stick with my tentative prediction of the $950 to $1050 range)