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

[GGALINff]

look,  there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC,  so diversification makes sense

I think the hedge funds will pump coins to high levels - but I know the hedgies short as well,  so taking profits along the way will be prudent

[Torque]

look,  there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC,  so diversification makes sense

I think the hedge funds will pump coins to high levels - but I know the hedgies short as well,  so taking profits along the way will be prudent

You're only proving the point that newbs have been duped by false "diversification", lol. Let's check back next year and see how that worked out, shall we? 

[GGALINff]

look,  there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC,  so diversification makes sense

I think the hedge funds will pump coins to high levels - but I know the hedgies short as well,  so taking profits along the way will be prudent

You're only proving the point that newbs have been duped by false "diversification", lol. Let's check back next year and see how that worked out, shall we? 

let's do it
hopefully we will all be rich with either BTC appreciation,  alt appreciation,  and ideally both

[GGALINff]

anyone think the ETF has a chance this time for approval? 

[Qartada]

look,  there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC,  so diversification makes sense

I think the hedge funds will pump coins to high levels - but I know the hedgies short as well,  so taking profits along the way will be prudent

You're only proving the point that newbs have been duped by false "diversification", lol. Let's check back next year and see how that worked out, shall we? 

Depends when you're diversifying.  If you're doing it now that the market has just rose a million times over, you're probably an idiot.  If you diversified a month ago when the altcoins' caps were dramatically less, you were probably pretty clever.

Obviously if the Bitcoin price goes up dramatically in a year you'll be laughing at people who diversified even at the right time, but that wouldn't mean they were wrong to do so.  The actual risk:reward ratio of keeping all your money in Bitcoin might have been terrible.

[GGALINff]

look,  there are new hedge funds forming with big money to invest in crypto - they won't put it all in BTC,  so diversification makes sense

I think the hedge funds will pump coins to high levels - but I know the hedgies short as well,  so taking profits along the way will be prudent

You're only proving the point that newbs have been duped by false "diversification", lol. Let's check back next year and see how that worked out, shall we? 

Depends when you're diversifying.  If you're doing it now that the market has just rose a million times over, you're probably an idiot.  If you diversified a month ago when the altcoins' caps were dramatically less, you were probably pretty clever.

Obviously if the Bitcoin price goes up dramatically in a year you'll be laughing at people who diversified even at the right time, but that wouldn't mean they were wrong to do so.  The actual risk:reward ratio of keeping all your money in Bitcoin might have been terrible.

yeah,  I mean if 25x to 50x baggers mean you have been duped,  sign me up

[Syke]

total mkt cap of crypto (available supply) will approach 100 bil $ soon  imho

Market cap of crypto is a totally meaningless statistic. This isn't like a public company, where the market cap is approximately the price to buy the entire company. You cannot buy all the bitcoins.

[toknormal]

4-Hour MACD now punching through. Lets see if it pulls the 6-hour with it.

Bitcoin trading bootifully into a nice tight triangle prior to breaking out of this, the first of 4 resting points on the way to $10k Bitcoin.

[Wekkel]

total mkt cap of crypto (available supply) will approach 100 bil $ soon  imho

Market cap of crypto is a totally meaningless statistic. This isn't like a public company, where the market cap is approximately the price to buy the entire company. You cannot buy all the bitcoins.

Sure you can.

[JimboToronto]

total mkt cap of crypto (available supply) will approach 100 bil $ soon  imho

Market cap of crypto is a totally meaningless statistic. This isn't like a public company, where the market cap is approximately the price to buy the entire company. You cannot buy all the bitcoins.

Sure you can.

You can't buy mine.

[jbreher]

This isn't like a public company, where the market cap is approximately the price to buy the entire company. You cannot buy all the bitcoins.

Sure you can.

Well, no. You can't Buy All The Bitcoins. For the price will go through the roof the more you buy. However, in this manner, it would be exactly like trying to buy an entire publicly traded company. Why anyone would think this not similar is mystifying.

[Chef Ramsay]

https://twitter.com/clif_high/status/864276449091403776

https://twitter.com/clif_high/status/864472180578328576

[toknormal]

What's this ?

Bitcoin appears to be attempting to break out of its consolidation lane early. It's supposed to reverse down and re-stest a bit more of the triangle apex. There are eager buyers with orders down there who have been promised by market tradition that they may be allowed to hoover up trimmings off the table towards the end of the current packing phase. They will be severely upset not to get their served their usual porridge.

But Bitcoin/USD does not seem to have the patience for such quaint market protocols. It's eager to make progress.

Let us follow events with interest.

[Chef Ramsay]

https://twitter.com/SatoshiLite/status/864230346778230785

[gentlemand]

https://twitter.com/SatoshiLite/status/864230346778230785

Well, if anything has to eat BTC's lunch it's going to be a far more nutritious meal for everyone if it's LTC rather some pathetic poocoin.

Maybe there should be some, like, negotiation going on by now.

[Torque]

Since we're posting stuff, how about this prophetic audio about the China credit market bubble. Pretty chilling.

https://www.youtube.com/watch?v=GMirYfqXIPM

[m3g4tr0n]

Let us follow events with interest.

Uhhhhh...... Just redraw the line. It was too low.

[bitcoinvest]

I just had a look on price.

Kraken    1603.21    

Bitcoin.de    1618.00    

BTC-e    1574.00


It seems that you can have a good profit only by having accounts and only buy-sell


EDIT: price is EUR not $

[phatsphere]

This isn't like a public company, where the market cap is approximately the price to buy the entire company. You cannot buy all the bitcoins.

You also cannot by the entire company by their shares. E.g. if I had a GOOG share and I don't sell it, you can jump around as much as you want and you won't get it.

[JayJuanGee]

A few hours ago, the sell wall on GDAX at $1,768.18 was over 600 coins, and now it is about 400 coins. 

Will the rest of that wall be eaten?  or pulled?

I think that it will be pulled, soon - maybe at around 200 coins remaining (in other words, the remaining half eaten and the other remaining half pulled).. anyone?