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

[Ibian]

So what's going on with the nips? Why do they suddenly care?

[chopstick]

And what exactly makes you think that the Japanese  plan for long-term holding and these are not just more speculative bubbles? When a drop happens they will dump like everyone else.

The large trader Japs want more yen, they don't care about Bitcoin. Bitcoin gains its long-term value from it's usability as a currency, and it's still restricted as of today in its ability to do this.

Bitcoin does NOT gain long-term value from millionaires & billionaires playing with their play money trying to increase their FIAT currency holdings on the speculative exchanges.

I know you guys want this price rise to last but look at things objectively. The scaling debate still hasn't been resolved.

Wait until after the scaling issue is over-with to go PERMABULL on steroids.

Until the scaling debate is resolved, Bitcoin's market share dominance will continue to drop. It's already below 60%. Pretty soon it will be below 50%. And it will be a historic moment for crypto when this happens.

That being said once Bitcoin can finally scale, I wager a price increase up to 2K+, followed by 3K, etc etc, and BTC's marketshare dominance will shoot back up to 90+%, with all the altcoins dropping like rocks.

Once the scaling debate is done and the war is settled. THEN it's time for bulls on parade:

https://www.youtube.com/watch?v=3L4YrGaR8E4

[JimboToronto]

So what's going on with the nips? Why do they suddenly care?

Legislation passed on April 1 (no foolin'!) legalizing Bitcoin for trade and commerce.

Since then many businesses including their biggest department store chain have started accepting Bitcoin and numerous new exchanges are popping up.

It looks like it's almost going mainstream there.

[BDO_44]

this is the end of the line

the only thing you should be hodling is fiat

[Dakustaking76]

So what's going on with the nips? Why do they suddenly care?

Legislation passed on April 1 (no foolin'!) legalizing Bitcoin for trade and commerce.

Since then many businesses including their biggest department store chain have started accepting Bitcoin and numerous new exchanges are popping up.

It looks like it's almost going mainstream there.

So we Will rise again?

[600watt]

must be some PBOC news or alike i bet. 

[Okurkabinladin]

Bitcointalk User: "To da moon, bitches! Death to all bears!"

Price drops by 15%

Bitcointalk User: "Abandon ship, abandon ship, everything is lost!"

Some of you need prozac or Jesus or both. When you attack people who dont share your blind euthasism and when you lose all self control to momental price fluctuation displaying acute lack of humility and perspective.
This is formation of triangle, not biblical armageddon.

[Hyperjacked]

this is the end of the line

the only thing you should be hodling is fiat

Really...? Lol!

No thanks... I'm been buying btc with my fiat every month for years now!

Now I'm buying more mining equipment with my fiat... Cheers


Bitcoin will be over 5k$ in 2018 

[york780]

Bitcointalk User: "To da moon, bitches! Death to all bears!"

Price drops by 15%

Bitcointalk User: "Abandon ship, abandon ship, everything is lost!"

Some of you need prozac or Jesus or both. When you attack people who dont share your blind euthasism and when you lose all self control to momental price fluctuation displaying acute lack of humility and perspective.
This is formation of triangle, not biblical armageddon.

TO DA MOON

ITS ALL OVER FOR EVER AND ALWAYS. PRICE IS ONLY 1500 USD

[Coinnosaurus]

Bitcointalk User: "To da moon, bitches! Death to all bears!"

Price drops by 15%

Bitcointalk User: "Abandon ship, abandon ship, everything is lost!"

Some of you need prozac or Jesus or both. When you attack people who dont share your blind euthasism and when you lose all self control to momental price fluctuation displaying acute lack of humility and perspective.
This is formation of triangle, not biblical armageddon.

TO DA MOON

ITS ALL OVER FOR EVER AND ALWAYS. PRICE IS ONLY 1500 USD

so sad ((


PS you made 100%+ profit and you're still unsatisfied ..wtf 

[DaRude]

The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.

True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.

I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.

Look for a correction down to 1400ish

And what you call the shitcoin rise then? Natural? Sustainable?
In terms of finex their will be an announcement coming on the weekend or monday at the latest.
1400 would still be a very good level for a bottom.

Agreed. It's naive to think that largest exchange stop processing withdrawals in USD doesn't have any effect on the market.They retired their BFX token, introduced a ton of liquidity in people's account and then made BTC the only way to get out. Otherwise why would there be a $100 spread? Shitcoin rise is dumb people "traders" calling tops and thinking of alt coins as diversification just parking money there instead of USD waiting for a "correction" to jump back in BTC.


Or those are my 2c

Edit: But the good thing is, the gap between Finex is starting to close before announcement. Maybe someone front-running an announcement 

[droizs]

We are heading for the 50/50% BTC market dominance over the alts... Never thought this day would come.

But after all, I think when that day come it will end up good for both parties in the long run.

[podyx]

We are heading for the 50/50% BTC market dominance over the alts... Never thought this day would come.

But after all, I think when that day come it will end up good for both parties in the long run.

Nah, ETH is literally around $500 in terms of bitcoin price/market cap

And it's gotten there by just piggybacking on bitcoin. Either way bitcoin is undervalued or ETH is overvalued. Both will result in ETH getting dumped on

[Hyperjacked]

is crypto done??

Probably... Have Mike turn off the lights

Wait is that MJ crying cause he's in fiat and missed the boat?

[york780]

We are heading for the 50/50% BTC market dominance over the alts... Never thought this day would come.

But after all, I think when that day come it will end up good for both parties in the long run.

Nah, ETH is literally around $500 in terms of bitcoin price/market cap

And it's gotten there by just piggybacking on bitcoin. Either way bitcoin is undervalued or ETH is overvalued. Both will result in ETH getting dumped on

ETH is overvalued bigtime, pushing its own price sky high by just letting those ICO's getting payed of in ETH. Creating fake demand. Cant wait for the difficulty bomb to hit ETH soon. Than its finally over with that unlimited, non scalable, non safe shit. ETH is bad.

[Torque]

I'm, I'm.... nearly speechless.

The most bullish pro-Bitcoin article ever written by any media site, much less Business Insider:

http://www.businessinsider.com/bitcoin-price-could-be-500000-by-2030-first-snapchat-investor-says-2017-3

And except for the second to last sentence, nary a negative comment to be seen.

Pump to the moon coming soon?

[droizs]

We are heading for the 50/50% BTC market dominance over the alts... Never thought this day would come.

But after all, I think when that day come it will end up good for both parties in the long run.

Nah, ETH is literally around $500 in terms of bitcoin price/market cap

And it's gotten there by just piggybacking on bitcoin. Either way bitcoin is undervalued or ETH is overvalued. Both will result in ETH getting dumped on

ETH is overvalued bigtime, pushing its own price sky high by just letting those ICO's getting payed of in ETH. Creating fake demand. Cant wait for the difficulty bomb to hit ETH soon. Than its finally over with that unlimited, non scalable, non safe shit. ETH is bad.

"ETH IS EVIL!!!"

[Hyperjacked]

I'm, I'm.... nearly speechless.

The most bullish pro-Bitcoin article ever written by any media site, much less Business Insider:

http://www.businessinsider.com/bitcoin-price-could-be-500000-by-2030-first-snapchat-investor-says-2017-3

And except for the second to last sentence, nary a negative comment to be seen.

Pump to the moon coming soon?

Wait...how are you speechless ? Lol

500k per Btc wow ! And I thought I was bullish...  

Disclaimer: Torque is nearly speechless

[jbreher]

And if anything, it should be a HUGE red flag to the alt lovers who think their special snowflake alt-du-jour is going to overtake Bitcoin. Because if they all got pumped, then they all can't be better than and universally accepted everywhere, right? Acceptance in the merchant world doesn't work like that.

Good point. Thanks for reinforcing my faith.

[Torque]

I'm, I'm.... nearly speechless.

The most bullish pro-Bitcoin article ever written by any media site, much less Business Insider:

http://www.businessinsider.com/bitcoin-price-could-be-500000-by-2030-first-snapchat-investor-says-2017-3

And except for the second to last sentence, nary a negative comment to be seen.

Pump to the moon coming soon?

Wait...how are you speechless ? Lol

500k per Btc wow ! And I thought I was bullish...  

Disclaimer: Torque is nearly speechless

Of course this gem from them just a day ago, so I'm not getting too excited, lol.  

http://www.businessinsider.com/bitcoin-price-plummets-below-1500-2017-5