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

[Hyperjacked]

Man ...a few hours before Asia wakes up and the air is electric.... 

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[600watt]

This moon rocket is making me crazy, in the last 30 days my Bitcoin stash has increased by about the same as 9 months salary... and I have a pretty decent salary!

here are days that i make more on btc than with my two retailshops and 5 employees in a year. i have a hard time to stay motivated. it is obscene i fear. then i remember all the hard times when btc cratered and everyone shook their heads and i felt like an idiot. it was not easy money, i can say this.

[Shermo]

here are days that i make more on btc than with my two retailshops and 5 employees in a year. i have a hard time to stay motivated. it is obscene i fear. then i remember all the hard times when btc cratered and everyone shook their heads and i felt like an idiot. it was not easy money, i can say this.

Indeed! The number of times over the years my family have told me to cash out at £300, £500 etc etc and it's risen and fell... Stressful times, but hodling takes guts!

We will have a big correction soon, but I will hodl and it will recover and one day I'll retire and live just using Bitcoin, maybe in Japan

[CoinHoarder]

I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.

I know that generally Bitcoin owners like to hodl, but at some point everyone will start to take profits and shit is going to hit the fan with the ensuing panic. I think a correction is right around the corner, and it will be pretty ugly too. I am thinking it will probably go back under $1000 for a little bit.

Of course it will rebound eventually, and I expect new all time highs some time afterwards (it will probably take a few years to recover like last time), but I just don't see this trend continuing for long.

[GreekGeek]

I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.

I know that generally Bitcoin owners like to hodl, but at some point everyone will start to take profits and shit is going to hit the fan with the ensuing panic. I think a correction is right around the corner, and it will be pretty ugly too. I am thinking it will probably go back under $1000 for a little bit.

Of course it will rebound eventually, and I expect new all time highs some time afterwards (it will probably take a few years to recover like last time), but I just don't see this trend continuing for long.

1000 USD you say , no problem I'm all in since 720...

[sherlock_h]

Why so fast? I hope it does not crash hard.

[Hyperjacked]

Why so fast? I hope it does not crash hard.

This isn't fast... 

Hope and want... ?

[gentlemand]

I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.

Who knows? But both 2013's high and subsequent hangover were excessive and that brutality was caused by factors that don't exist any more.

It's all still being made up as it goes along and visibility is ever growing. Still, if it's sub $1000 I'd be tempted to buy a little more.

[ARTISTCOLONY]

Why so fast? I hope it does not crash hard.

just keep calm and paint the tape BTC===> $3333 next level <<<<

[sherlock_h]

Why so fast? I hope it does not crash hard.

This isn't fast... 

Hope and want... ?

For sure.
Steady performance is what I want to see.

[Instamined]

Why so fast? I hope it does not crash hard.

First they margin call shorts then they margin call longs.

[xslugx]

I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.

Who knows? But both 2013's high and subsequent hangover were excessive and that brutality was caused by factors that don't exist any more.

It's all still being made up as it goes along and visibility is ever growing. Still, if it's sub $1000 I'd be tempted to buy a little more.

Everyone talks about "healthy growth"

But there is something I don't understand...
Healthy growth on a product, whatever it is, means that the growth is backed by a growing demand and/or a diminishing supply. In general it will be backed by an increasing use.

Correct me if I'm wrong of course, but what exactly is explaining the btc doubling its price in a month?
Did we double btc use? Btc demand?

I don't see what's healthy in this growth. I can't say I hate it though of course, but I'm much more sceptical about the "healthy aspect".

[JimboToronto]

Oh look. A nice little $66 correction.

How pleasant.

Okay, time for a new ATH.

 

[Asrael999]

I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.

Who knows? But both 2013's high and subsequent hangover were excessive and that brutality was caused by factors that don't exist any more.

It's all still being made up as it goes along and visibility is ever growing. Still, if it's sub $1000 I'd be tempted to buy a little more.

Everyone talks about "healthy growth"

But there is something I don't understand...
Healthy growth on a product, whatever it is, means that the growth is backed by a growing demand and/or a diminishing supply. In general it will be backed by an increasing use.

Correct me if I'm wrong of course, but what exactly is explaining the btc doubling its price in a month?
Did we double btc use? Btc demand?

I don't see what's healthy in this growth. I can't say I hate it though of course, but I'm much more sceptical about the "healthy aspect".

If you believe the South Korea / Japan stories then it is more than possible we are seeing doubling of demand.

[explorer]

I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.

Who knows? But both 2013's high and subsequent hangover were excessive and that brutality was caused by factors that don't exist any more.

It's all still being made up as it goes along and visibility is ever growing. Still, if it's sub $1000 I'd be tempted to buy a little more.

Everyone talks about "healthy growth"

But there is something I don't understand...
Healthy growth on a product, whatever it is, means that the growth is backed by a growing demand and/or a diminishing supply. In general it will be backed by an increasing use.

Correct me if I'm wrong of course, but what exactly is explaining the btc doubling its price in a month?
Did we double btc use? Btc demand?

I don't see what's healthy in this growth. I can't say I hate it though of course, but I'm much more sceptical about the "healthy aspect".

Demand has skyrocketed.  Moon rocketed?  Whatever.  Money can't get into crypto fast enough, and its jamming up all the gates.  Have you actually looked around?  Exchanges are backlogged signing up new users.  Poloniex accounts up 600% in 3-4 months.  Its not random.  It's happening!

[gentlemand]

I don't see what's healthy in this growth. I can't say I hate it though of course, but I'm much more sceptical about the "healthy aspect".

I think it's good old FOMO due to hungry new markets.

If you sat back and looked at the actual Bitcoin system, nothing's changed technically, merchant usage is becoming impractical, users are whining like fuck.

None of that's healthy. It may not stop it though. All it requires is more buyers than sellers.

[Wekkel]

It's not a stock, it's a network. And hype cycles belong to it, I'm afraid (this will increase adopters and build the nessessary infrastructure for real life applications).

What is the value of a network? The number of users
What is the value of a permissionless, non-centralised open network that is the largest? I could say $1mln/token may not even be enough to capture this

But I digress: it's mainly speculation in the current phase  

[Instamined]

I don't see what's healthy in this growth. I can't say I hate it though of course, but I'm much more sceptical about the "healthy aspect".

I think it's good old FOMO due to hungry new markets.

If you sat back and looked at the actual Bitcoin system, nothing's changed technically, merchant usage is becoming impractical, users are whining like fuck.

None of that's healthy. It may not stop it though. All it requires is more buyers than sellers.

Or exchange manipulation mafia bullshit.

[JimboToronto]

Did we double btc use? Btc demand?

Probably. Between new demand worldwide (e.g. S. Korea, Brazil) and institutional interest due to legal changes in places like Japan and Australia,

demand is soaring.

Couple that with fixed supply of new coins and reluctance of holders to sell and you're bound to have rising prices.

My favorite local sources have already run out of coins.

[gentlemand]

Or exchange manipulation mafia bullshit.

Very possibly. We probably have that to partially thank for 2013, and China's subsequent shenanigans contributed to the price suppression with relentless dumpage. It would've been more reassuring if this run had started with a BFX that worked.