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

[Ted E. Bare]

meh..its only money

someday they will stick you in a retirement home where you will have a robe/toothbrush and slippers....the

only 'currency' there is 'stories' ....at least this will be quite the story boom or bust

Well spoken! Put me with both feet on the ground. Thank you.

[luckygenough56]

markets are completely euphoric

[jjacob]

Last year I said that if bitcoin hit $2k I would stand up at work and walk out.
Of course, I just took a job for a friend of mine who I respect so I will give him 6 months.

That is nice. But are you going to cash out and book profits?
6 months down the line, if you want to quit your job, you are betting that Bitcoin does not crash from here.

[Last of the V8s]

I know it's an unpopular view around here (especially among people like Marcus) that the value of bitcoin will not increase forever in a straight up vertical line, but here it is:

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-12-bitcoin-fair-price-analysis

Another interesting bit of information is that the same single entity who controlled the bitcoin price back then on Bitfinex STILL controls the bitcoin price there now. I watched him use the same exact bot to do certain wall strategies at $400 as right now. I personally find it horrifying that the price of bitcoin is entirely controlled by one guy/entity on a single exchange for this long, but other people either haven't figured it out or don't care.

Could you say more about this part, please?
Isn't this what Karpeles did when trying to recover his losses at Gox?

[Wekkel]

markets are completely euphoric

Not enough Ron Paul 'it's happening' posts yet. Wait until $10k this year.

[Ted E. Bare]

For the first time ever I believe $9000 is realistic.

[JayJuanGee]

I shouldn't be complaining with the price rising as quickly as it has, but I've got a bad feeling this bubble is gonna pop.

Not sure what the fundamentals are that got us from $1700->$2000 so quickly.

I wished it would pop so that I can buy.

We have not had any kind of meaningful correction since $890... but it seems that we are going up and we continue have pretty strong buying pressures and also quite a gradual upswing that seems to allow support to remain...

So maybe we will have some resistance in the $2300 to $2500 range, but if we get past that, then the next resistance is likely in the $3k to $5k territory.. so yeah.. seems like a bubble.. but at the same time we continue to have pretty decent buying pressure and support and upwards movement and a meaningful correction does not really seem in the likely cards, at least not at the moment.

In other words, bitcoin may be in "punishment mode" and not going to give shorters, bears, sellers or fence sitters to get their coins back that they sold in the $1k to $1500 range...

sorry for your loss.

[Okurkabinladin]

I shouldn't be complaining with the price rising as quickly as it has, but I've got a bad feeling this bubble is gonna pop.

Not sure what the fundamentals are that got us from $1700->$2000 so quickly.

I wished it would pop so that I can buy.

We have not had any kind of meaningful correction since $890... but it seems that we are going up and we continue have pretty strong buying pressures and also quite a gradual upswing that seems to allow support to remain...

So maybe we will have some resistance in the $2300 to $2500 range, but if we get past that, then the next resistance is likely in the $3k to $5k territory.. so yeah.. seems like a bubble.. but at the same time we continue to have pretty decent buying pressure and support and upwards movement and a meaningful correction does not really seem in the likely cards, at least not at the moment.

In other words, bitcoin may be in "punishment mode" and not going to give shorters, bears, sellers or fence sitters to get their coins back that they sold in the $1k to $1500 range...

sorry for your loss.

According to Finabocci, next resistance line is likely around 2100 USD. It should be tested from both under and above several times (like the 1750 before). I agree we have entered bubble (and like many others I got punished for being sceptical for too long), but bubbles dont last two weeks. We are in for longer ride.

I am still sceptical that we will reach anywhere close to 10k this time around before reaching local top and substantial (months long) correction. 4-5k seems realistic in the medium term.

[becoin]

I agree we have entered bubble

The biggest bubble right now is the US dollar and US treasuries. This bubble dwarfs any other asset bubble. So, bitcoin is NOT a bubble if measured in dollar terms!

[JayJuanGee]

I shouldn't be complaining with the price rising as quickly as it has, but I've got a bad feeling this bubble is gonna pop.

Not sure what the fundamentals are that got us from $1700->$2000 so quickly.

I wished it would pop so that I can buy.

We have not had any kind of meaningful correction since $890... but it seems that we are going up and we continue have pretty strong buying pressures and also quite a gradual upswing that seems to allow support to remain...

So maybe we will have some resistance in the $2300 to $2500 range, but if we get past that, then the next resistance is likely in the $3k to $5k territory.. so yeah.. seems like a bubble.. but at the same time we continue to have pretty decent buying pressure and support and upwards movement and a meaningful correction does not really seem in the likely cards, at least not at the moment.

In other words, bitcoin may be in "punishment mode" and not going to give shorters, bears, sellers or fence sitters to get their coins back that they sold in the $1k to $1500 range...

sorry for your loss.

According to Finabocci, next resistance line is likely around 2100 USD. It should be tested from both under and above several times (like the 1750 before). I agree we have entered bubble (and like many others I got punished for being sceptical for too long), but bubbles dont last two weeks. We are in for longer ride.

I am still sceptical that we will reach anywhere close to 10k this time around before reaching local top and substantial (months long) correction. 4-5k seems realistic in the medium term.

I am shooting from the hip a bit when I suggest that the next resistance is in the $2300 to $2500 territory, and I really do not believe that these kind of immature paradigm changing markets, such as bitcoin, and even s-curve adoption type scenarios and networking effects  play very well with traditional technical analysis.. the adoption curve is going to cause a considerable amount of overshooting of any kind of linear growth - called exponential growth, no?

[UnDerDoG81]

We all expect a dump coming soon. I´ll expect it around $21xx and probably will go down to $1600 or so ish... Of course I´ll hodl through like I did the last 5 years 

Any predictions?

[JayJuanGee]

We all expect a dump coming soon. I´ll expect it around $21xx and probably will go down to $1600 or so ish... Of course I´ll hodl through like I did the last 5 years 

Any predictions?

That does not really say anything.

I have been expecting a dump since about $1200, and it has not happened.

So why does it matter now? 

Yeah, sooner or later the dump theory is going to be correct, but we seem to be going up, and there seems to be a lot more flames in this than $2,1xx -   $2,1xx seems bearish, given the current upwards pressures.


Let's cross this one level at a time, and getting some kind of meaningful dump at $2,1xx or even $2,2xx seem to be too bearish.. given the current market dynamics.

Yes, I would like to buy some more too, but it just does not seem to be in the short term bitcoin cards.

[InvoKing]

We all expect a dump coming soon. I´ll expect it around $21xx and probably will go down to $1600 or so ish... Of course I´ll hodl through like I did the last 5 years 

Any predictions?

The price will continue its rise to $2300-2400 in my opinion before a correction could take a place...if ever will be a correction before $3000  

[becoin]

We all expect a dump coming soon. I´ll expect it around $21xx and probably will go down to $1600 or so ish...

So, let me guess? You've sold part of you bitcoins at $1600 or so ish...

[Ted E. Bare]

It is easy to spot the salty bottom sellers.

[gentlemand]

We all expect a dump coming soon. I´ll expect it around $21xx and probably will go down to $1600 or so ish... Of course I´ll hodl through like I did the last 5 years 

Any predictions?

And I won't care in very slightest. There's a whole generation of state of the art holders who are fully cushioned and combat hardened.

[Meuh6879]

https://www.coinhills.com/market/currency/
is this correct over 51% traded in BTC is in JPY 

[york780]

SegWt will push the price to 5k. Bitcoin have been waiting for SegWit for years. You will be left behind for good if you dump now. I will buy your bags. Dont worry about that one.

[ShroomsKit_Disgrace]

Call me crazy or dumb...but I am starting to have a desire of shorting BTC at these levels...

[Ibian]

I love the people who think I'm dirt poor. My grandparents felt sorry for me months ago, now they can't comprehend my crypto talk. I just tell them that, just get a coin and you're good. They have nothing but are millionaires.

Your positions could be very suddenly reversed in the event of hyperinflation. Do they know this? Do they even consider the possibility?