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

[bartolo]

Bitcoin above $2000 at South Korea exchanges, $1799 acording Coinmarketcap, 1729 at Bitstamp. Adoption growing, more money in the markets and traders selling altcoins to invest profits into Bitcoin. And all this with the scalability debate still pending. Bitcoin is still in a good upward trend.

[keithers]

wow, pretty exciting that we have crossed the $1750 mark.  In this past month you could have pretty much made a dart board of nearly every crypto currency and thrown a dart at the one to invest in and doubled your money.

[savetherainforest]

It should be perfectly clear to everybody that all the money made from altcoins are now coming back to poppa.

The only one which could rise up again tomorrow seems ltc after segwit.

remember everybody will want to cashout after winning on alts

I just like to sit silent and read the comments after of months of "pump"  enthusiasm!

I just need a break!!!... I'm tired... ... I'm just gonna sip from my vodka with a pasta/macaroni straw and read the comments!    


But until new comments appear... lets remember and not forget the pretty numbers of history :

[Paashaas]

I once thought $10K was crazy, but in a world where Bitcoin is pretty well accepted, I now believe that number is actually quite small. Even at $10K - Bitcoin is still worth significnatly less than Amazon, Apple, Facebook, or etc.

Exactly. High numbers are only impressive due to low number of total coins. Factoring that there are just 16 million coins, the price is actually pretty low.

$100.000 will be the new $1000.

[2017Bubble]

okcoin pumping above 10000 yuan

 

[york780]

1600 EUR BREACHED like it was some kind of chickenshit.

2K soonish?

[york780]

I once thought $10K was crazy, but in a world where Bitcoin is pretty well accepted, I now believe that number is actually quite small. Even at $10K - Bitcoin is still worth significnatly less than Amazon, Apple, Facebook, or etc.

Exactly. High numbers are only impressive due to low number of total coins. Factoring that there are just 16 million coins, the price is actually pretty low.

$100.000 will be the new $1000.

Confirmed.

6 digits will become the new floor when Russia will join the party.
India will also join, BTC will get worldwide attention.
People will dump stocks and fiat and move to the Bitcoin next.

ITS GONNA BE HUGE.

[2017Bubble]

helemaal knetterr

[rjclarke2000]

Before I type what I am going to type I'd just like to mention I hodl and don't sell and I am pretty stubborn with this. I have no desire to see bitcoin drop in price at all and that won't benefit me in the slightest.

On this note I'd like to say when people talk about $10k, $100k per coin etc I worry and expect a big correction. I am sorry for saying this but we all know it can happen at anytime and it's more than likely coming soon when we least expect it.

Anyway, please continue upwards bitcoin and keep us all happy little hodlers! This is the most fun I've had in nearly 4 years being involved in this.

[HI-TEC99]

I once thought $10K was crazy, but in a world where Bitcoin is pretty well accepted, I now believe that number is actually quite small. Even at $10K - Bitcoin is still worth significnatly less than Amazon, Apple, Facebook, or etc.

Exactly. High numbers are only impressive due to low number of total coins. Factoring that there are just 16 million coins, the price is actually pretty low.

$100.000 will be the new $1000.

Confirmed.

6 digits will become the new floor when Russia will join the party.
India will also join, BTC will get worldwide attention.
People will dump stocks and fiat and move to the Bitcoin next.

ITS GONNA BE HUGE.

The price will pump higher when the Chinese government allows the Chinese exchanges to resume Bitcoin withdrawals. That withdrawals freeze is suppressing the price, without it $2000 would already be history.

[gentlemand]

On this note I'd like to say when people talk about $10k, $100k per coin etc I worry and expect a big correction. I am sorry for saying this but we all know it can happen at anytime and it's more than likely coming soon when we least expect it.

People were saying such things when the rest of the world wouldn't piss on it if it was on fire. There've always been people who were convinced about those prices no matter how dire Bitcoin looked and they weren't shy about bellowing it.

[spooderman]

helemaal knetterr

Those are some good lines on charts. Pretty gentlemen right there.

[forthewin]

Should we expect a drop in price soon after such big increases? The price just keeps going up.

[Nagadota]

Before I type what I am going to type I'd just like to mention I hodl and don't sell and I am pretty stubborn with this. I have no desire to see bitcoin drop in price at all and that won't benefit me in the slightest.

On this note I'd like to say when people talk about $10k, $100k per coin etc I worry and expect a big correction. I am sorry for saying this but we all know it can happen at anytime and it's more than likely coming soon when we least expect it.

Anyway, please continue upwards bitcoin and keep us all happy little hodlers! This is the most fun I've had in nearly 4 years being involved in this.

True.  The current price levels are reasonably healthy, but when people act like they're hoping for a giant price increase really soon, they'll react too positively if we see too big a rally or a pump and then corrections will happen too quickly.  The quicker the price is rising, the higher the chance of a correction IMO.

Should we expect a drop in price soon after such big increases?

Not unless it goes further.  As someone pointed out in Kwukduck's FUD thread, the price growth looks pretty steady when you use a logarithmic chart.

[Okurkabinladin]

helemaal knetterr

With all due respect, I am not sure logarithmic count like that applies. You arent counting since 2009 for start and only at one point did price touch upper channel of your chart. It is as good guess as any other.

Back in 2013 very small group of people predicted, that bear market will last for two years.

What I noticed is that bitcoin grew 16x in 2012 and 4x in late 2013. If we are talking about repeating patterns, than this time around we should top at 2-2.5x of old ATH before significant correction and taking deep breath before another run up.

That would put local top around 2500 USD/BTC later this month.

[leowonderful]

One day we'll finally see people crying about price dropping to "only" $5,000. Remember, people are getting sad not buying at the once-thought-to-be-too-high price of $1000. Price is rising even quicker right now but buying a tiny bit couldn't hurt. If you have coins, HODL on and watch these threads.

[harrymmmm]

Thanks for the detailed explanation. One more question.

If you have multiple hardware wallets with the same seed, do they all update when you perform a transaction on one of them?

Or if you have multiple copies of the seed, do the transactions travel with the seed in case your original hardware is destroyed  and you have to rebuild on new hardware with the same seed??

First question: Yes, of course. It's basically the same as if you have your software wallet in multiple computers.

Second question I don't understand it well. If you want to have access to the same addresses you had you need to rebuild another device or a software wallet with the same BIP39 seed. Also, you can configure the device with a different seed if you want. And there's much more to it.... you can establish a passphrase (besides the regular pin) that depending on which one you enter it will access a different set of addresses (as if it had a different seed... plausible deniability, etc...)

Really, just buy one, it's a good thing.

Thanks again. I guess I'll have to read up on BIP39.

As long as I don't have to trust any hardware manufacturer and (or anyone else besides the Bitcoin network) and my coins are secure in the case of hardware loss, I'm all for it.

You're convinced me enough to buy one (or two) just to use as a landing place when I break one of my older multi-coin paper wallets to reassign the coins. That will give me a chance to experiment with worst-case scenarios after I've drained it of all but a few satoshis.

As you said, the cost of a Trezor is negligible compared to the coins it holds at today's prices.

You might also like to know that they (Trezor, at least) can:
1) store passwords for your web site/email/etc authentications
2) generate secure passwords for the above so you no longer need to try to remember lots of slightly different passwords for those sites
3) act as a u2f 2 factor identification device (so you don't lose access if your 2fa device is lost - unlike otp 2fa like google authenticator).

AND ... all of the above is restored whenever you initialize a new device with the seed.

[bitserve]

One day we'll finally see people crying about price dropping to "only" $5,000. Remember, people are getting sad not buying at the once-thought-to-be-too-high price of $1000. Price is rising even quicker right now but buying a tiny bit couldn't hurt. If you have coins, HODL on and watch these threads.

I am thinking about the big amount of people that were left behind waiting for a correction to buy. Huge amount. That is what makes me confident that when a correction comes (and of course it will) it would be well cushioned by some of that people rebuying on the dip. Plus us hodlers that are also waiting for that dip to buy more.

[manyuta]

Thanks for the detailed explanation. One more question.

If you have multiple hardware wallets with the same seed, do they all update when you perform a transaction on one of them?

Or if you have multiple copies of the seed, do the transactions travel with the seed in case your original hardware is destroyed  and you have to rebuild on new hardware with the same seed??

First question: Yes, of course. It's basically the same as if you have your software wallet in multiple computers.

Second question I don't understand it well. If you want to have access to the same addresses you had you need to rebuild another device or a software wallet with the same BIP39 seed. Also, you can configure the device with a different seed if you want. And there's much more to it.... you can establish a passphrase (besides the regular pin) that depending on which one you enter it will access a different set of addresses (as if it had a different seed... plausible deniability, etc...)

Really, just buy one, it's a good thing.

Thanks again. I guess I'll have to read up on BIP39.

As long as I don't have to trust any hardware manufacturer and (or anyone else besides the Bitcoin network) and my coins are secure in the case of hardware loss, I'm all for it.

You're convinced me enough to buy one (or two) just to use as a landing place when I break one of my older multi-coin paper wallets to reassign the coins. That will give me a chance to experiment with worst-case scenarios after I've drained it of all but a few satoshis.

As you said, the cost of a Trezor is negligible compared to the coins it holds at today's prices.

You might also like to know that they (Trezor, at least) can:
1) store passwords for your web site/email/etc authentications
2) generate secure passwords for the above so you no longer need to try to remember lots of slightly different passwords for those sites
3) act as a u2f 2 factor identification device (so you don't lose access if your 2fa device is lost - unlike otp 2fa like google authenticator).

AND ... all of the above is restored whenever you initialize a new device with the seed.

You can easily restore all the final data, Even if the saved passwords are deleted. And that I think that every user works in this plan in his own way.

[cmacwiz]

Days are getting crazier. Just got back from a hike, glad to be a HODLer, not a folder

But looking at this, I seriously feel a correction is due now. Is FOMO rocket fuel really this strong? Is the entire sentiment going to shift into "BTC is the next BIG thing", accompanied by the masses pouring garbage green paper into crypto gold? My average Joe indicators are going off now. What will Gavin Belson think of all this, and is he all in on ETH?

Tune in next week!!BTCBTC