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

[paulifa123]

I do wish you newbies would pay attention, all this talk of a bubble is utter nonsense! We are up a total of about 120% over 4 years from the last high point!! We are just beginning to get back on track  

And as for you anti alt guys, give me a break. There are many excellent up and coming projects in alts that will go on to be very useful. Of course early growth will be exponential, (and massively risky) have you all forgotten about bitcoins early growth?

As most alts are paired with BTC, a ten fold increase in an alt over the last few months, actually means a 30 fold or more dollar return... potentially life changing profits from modest investment. I love and hold BTC, but you now need a very sizeable investment to begin with at this point to make life changing returns from it.

[Searing]

Imagine when the alts crash and that money come to btc. We'd already be at $5k

What would make the alts crash? I can't see it myself.

Well, this is what I see. A lot of people are psychologically unstable when they see new ATH for bitcoin. They can't resist and sell part of or all of their bitcoins in anticipation of the "imminent and unavoidable" correction. But correction doesn't happen or is too shallow. Bitcoin keeps breaking new ATHs. People hate to recognize their mistakes and buy back at higher price. They can't handle the fact that they'll end up with less bitcoins. They also can't look at their fiat dumb holdings depreciate every day. This is why they throw all of it into some alt of their choice hoping that some day they'll sell it and recoup their bitcoin. This is all the "logic" behind alt boom. Of course, there are some players with different agenda that are riding this wave.

You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we? 

I tossed in last year 1 btc into lisk. At the time a btc was $450 if I remember right. Today it is worth
$9050 usd. Thus I probably should diversify my crypto over my main not to be touched
BTC hoard. Yep, it has gotten that stupid

[ImI]

In light of some recent discussions, I wrote up this BIP for a real 2 MB block
size hardfork following Segwit BIP148 activation. This is not part of any
agreement I am party to, nor anything of that sort. Just something to throw
out there as a possible (and realistic) option.

Note that I cannot recommend this to be adopted, since frankly 1 MB blocks
really are still too large,

Hehe, gotta love that nutjob.

[luckygenough56]

The lack of train gifs are indeed a real sign of the absence of a bubble.

haha so true indeed

[rjclarke2000]

Imagine when the alts crash and that money come to btc. We'd already be at $5k

What would make the alts crash? I can't see it myself.

Well, this is what I see. A lot of people are psychologically unstable when they see new ATH for bitcoin. They can't resist and sell part of or all of their bitcoins in anticipation of the "imminent and unavoidable" correction. But correction doesn't happen or is too shallow. Bitcoin keeps breaking new ATHs. People hate to recognize their mistakes and buy back at higher price. They can't handle the fact that they'll end up with less bitcoins. They also can't look at their fiat dumb holdings depreciate every day. This is why they throw all of it into some alt of their choice hoping that some day they'll sell it and recoup their bitcoin. This is all the "logic" behind alt boom. Of course, there are some players with different agenda that are riding this wave.

You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we?  

I tossed in last year 1 btc into lisk. At the time a btc was $450 if I remember right. Today it is worth
$9050 usd. Thus I probably should diversify my crypto over my main not to be touched
BTC hoard. Yep, it has gotten that stupid

I've made a decent amount of bitcoin from alts but for me if I did it now I'd chose the wrong alt. I know there could be a higher short term gain but I feel safer with a steady btc rise and leaving it untouched.

Also I was pretty lucky with dogecoin. Bought 3million for £100 years ago and sold for 4.6btc yesterday. Not bad.

[European Central Bank]

You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we? 

how is anyone getting these super gains out? you can't raise levels on poloniex. i've been waiting two months now to be upgraded. if i'd made hundreds of btc it would now take me over a year to get all them out of there.

[JayJuanGee]

Being rich in btc is great but taking a slight bit of the profit you make and put it in dollars can't hurt anyone

A lot of people did that and are already hurt.
This is why I take a slight bit of the profit I make and put it in bitcoins.
If you want to diversify your bitcoin holdings put part of it in gold or silver! Putting it in dollars is stupid.

Done already, but I am considering doing a bit more now.  I am really enjoying the price rise, but come on, it was looking bubbly at $1250 in January, we are almost double that now without a correction of note for a while, and every day sees another rrise.

It really seems like a bot is constantly buying, like with Mt Gox. But I wonder if that is the case, or it is just general buying pressure from new investors.

I don't want to miss the top, but a few ounces of gold might be looking pretty good in the future if this bitcoin bubble pops (and it always has in the past - but maybe this is the new normal!)

Of course it is going to pop at some point.

I really doubt that it is going to pop in the $2300 to $2500 price range -- but hey I have been wrong before.

And if it gets past $2500 without any major difficulties then likely the $3k to $5k range - and yeah, we gotta see how it plays out, but middle of the range could be a fair area for a correction.. however, if we get past the $5k arena, then gosh, who knows, maybe $$7k to $10k would be fair correction points...

It seems pretty fucking likely that we are going to get a correction in the $3k to $5k range - but we have had overshoots in the past, too, and the present does not seem to take away from that possibility that we are going to have an overshooting of expectations - some would already characterize this as an overshooting of expectations, and there is some justification for that - but seems tlie we are on our way to $3k minimum.. and $4k more likely and $5k a bit less likely..

[European Central Bank]

and here's a revealing story, fidelity is actually mining bitcoin.

http://www.zerohedge.com/news/2017-05-23/fidelity-mining-bitcoin-abigail-johnson-says

they've mined a heady 200,000 satoshis so it's probably the ceo's phone that's doing it.

[machasm]

So when does "Its happening' turn into 'its happened'
😀

[bitserve]

You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we?  

how is anyone getting these super gains out? you can't raise levels on poloniex. i've been waiting two months now to be upgraded. if i'd made hundreds of btc it would now take me over a year to get all them out of there.

Maybe having several different accounts?

Also you can raise your verification level for improved limits.

[soullyG]

So when does "Its happening' turn into 'its happened'

I think we passed that point a while ago 

[bitserve]

Being rich in btc is great but taking a slight bit of the profit you make and put it in dollars can't hurt anyone

A lot of people did that and are already hurt.
This is why I take a slight bit of the profit I make and put it in bitcoins.
If you want to diversify your bitcoin holdings put part of it in gold or silver! Putting it in dollars is stupid.

Done already, but I am considering doing a bit more now.  I am really enjoying the price rise, but come on, it was looking bubbly at $1250 in January, we are almost double that now without a correction of note for a while, and every day sees another rrise.

It really seems like a bot is constantly buying, like with Mt Gox. But I wonder if that is the case, or it is just general buying pressure from new investors.

I don't want to miss the top, but a few ounces of gold might be looking pretty good in the future if this bitcoin bubble pops (and it always has in the past - but maybe this is the new normal!)

Of course it is going to pop at some point.

I really doubt that it is going to pop in the $2300 to $2500 price range -- but hey I have been wrong before.

And if it gets past $2500 without any major difficulties then likely the $3k to $5k range - and yeah, we gotta see how it plays out, but middle of the range could be a fair area for a correction.. however, if we get past the $5k arena, then gosh, who knows, maybe $$7k to $10k would be fair correction points...

It seems pretty fucking likely that we are going to get a correction in the $3k to $5k range - but we have had overshoots in the past, too, and the present does not seem to take away from that possibility that we are going to have an overshooting of expectations - some would already characterize this as an overshooting of expectations, and there is some justification for that - but seems tlie we are on our way to $3k minimum.. and $4k more likely and $5k a bit less likely..

If history repeats, as it usually does, you will notice the big correction is coming when one day the rise accelerates to crazy levels. What I see atm is a steady rise with not much difference from one day to next (in terms of percentage of grow/day).

Of course, anything is possible. NO fucking idea when that will happen. I just wait for signals that haven't come yet.

Signals:

- The acceleration in rise (percentage wise) mentioned above.
- Exchanges can't cope with new user verification. That has just started... when they start to stabilise and are able to cope with it, its one of the signals to sell.
- Everybody on this thread thinking the price will keep rising forever, no matter what the price currently is.
- When there is no fucking dip in the rise for a while. I don't mean correction, I mean no fucking dip. We are still having our good dose of those.
- etc etc...

[podyx]

I am pretty sure altcoins will crash, so expect a sizable amount of that to propel into bitcoin also.

ETH is worth half of BTC right now, but go and ask how many knows of ETH on the streets?

[Denker]

I am pretty sure altcoins will crash, so expect a sizable amount of that to propel into bitcoin also.

ETH is worth half of BTC right now, but go and ask how many knows of ETH on the streets?

I agree with you 95%.
Most of the alts will crash. But another scenario which imo is also very likely is that all those money goes into the top tier altcoins and Bitcoin. This is why I believe Eth will not really crash, although I'm not big of fan of that coin. But they are backed by finance and big industry. It's the perfect controlled shitcoin. Obviously a scam, who where here from the beginning knows this, but I have a feeling they might get away with it.Furthermore they will try to push it to get the weak hands out of Bitcoin!!

[LFC_Bitcoin]

$2374 on Stamp now. I'm out of breath just watching this rise tbh.

[European Central Bank]

This is why I believe Eth will not really crash, although I'm not big of fan of that coin. But they are backed by finance and big industry. It's the perfect controlled shitcoin.

the real money is in taking ethereum's code, closing it off, repackaging it and selling it on. i dunno how much interest they have in the open chain.

[podyx]

This is why I believe Eth will not really crash, although I'm not big of fan of that coin. But they are backed by finance and big industry. It's the perfect controlled shitcoin.

the real money is in taking ethereum's code, closing it off, repackaging it and selling it on. i dunno how much interest they have in the open chain.

What do you mean? Using that code in a new currency?

[Denker]

This is why I believe Eth will not really crash, although I'm not big of fan of that coin. But they are backed by finance and big industry. It's the perfect controlled shitcoin.

the real money is in taking ethereum's code, closing it off, repackaging it and selling it on. i dunno how much interest they have in the open chain.

Yes this is true. Many companies seem to be more interested in the tech than in the open chain itself. But they are also invested and hold lots of ether. At least the conferences I have visited here in my country many of the CEOs hold Ether.

[European Central Bank]

What do you mean? Using that code in a new currency?

check the wording of the ethereum enterprise alliance.

"Together, we will learn from and build upon the only smart contract supporting blockchain currently running in real-world production – Ethereum – to define enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business."

that says nothing about currency or using ethereum itself. they want it to make existing business more profitable.

[Paashaas]

You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we? 

Financial freedom should always be nr.1. After that comes profits and entertainment.