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

[becoin]

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?

Yes. We doubled and trippled btc use. Look at tx fees! Demand is huge. More and more people would like to have at least 1 bitcoin but there will be only 21 million bitcoins for a population beyond 7 billion.

[Instamined]

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.  

What % of the new buys are from n00bs and what % are whales buying smart?

How badly has USDT inflated the charts on USD with nothing more than difference between usd and usdt?

You only really use the money when you spend it on something.

[darkangel11]

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.

Do I see traces of fear starting to appear among the holders? This is how real corrections begin, with your attitude. When people start saying "i'm worry it's  gonna end soon" they are already keeping their finger on the button.

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

Like "sold my house and squatting at friend's" all in?

[Romanknickl]

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?

Yes. We doubled and trippled btc use. Look at tx fees! Demand is huge. More and more people would like to have at least 1 bitcoin but there will be only 21 million bitcoins for a population beyond 7 billion.

Where are the moon pics?
I expect at least 3,5kUSD and max. 7k USD
We see a organic exponential growth!
just look at the google"buy bitcoin" search results
It's time for plan B! game over for the centralised  fiat money system!

[gentlemand]

What % of the new buys are from n00bs and what % are whales buying smart?

How badly has USDT inflated the charts on USD with nothing more than difference between usd and usdt?

You only really use the money when you spend it on something.

Considering Japan and Korea seem to be leading I think it's largely noob city.

No idea what effect the USDT thing is having but it's certainly not a helpful one.

Do I see traces of fear starting to appear among the holders? This is how real corrections begin, with your attitude. When people start saying "i'm worry it's  gonna end soon" they are already keeping their finger on the button.

I for one couldn't really give a shit what happens in the near future. I plan to reassess after the next halving.

[Raja_MBZ]

Is it just me or is the bitcoin actually going according to the graph of October to December graph of 2013?

At the end, we should remember what happened that time.

Looks more like the April/May 2013 one to me. So... double bubble $10K Bitcoin in 2018?

If that is the case expect a dip to ~$700 in the July month of your scenario.

That's exactly what I'm expecting.

But that could possibly happen in June, and a dip can be of ~$1000, in my opinion.

[HI-TEC99]

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

Australian TV doesn't care what Bitcoin is, it just calls it a commodity and points out how much better it's doing than oil and gold.

Australian TV last night. How odd to see this. I wonder when if and when it'll become the standard thing to throw in there.

[ARTISTCOLONY]

https://i.imgflip.com/1pnse3.jpg




BTC ===> $2500 TIMBERRRRRRRRRRR

[becoin]

Do I see traces of fear starting to appear among the holders?

I see such questions since price recovered to $1200 after SEC rejected Bitcoin ETF.

[PoolMinor]

Bitcoin sites are reminding me of dial-up speeds. BCtalk, coinbase, other exchanges cannot handle the extra workload right now. Only going to become more and more traffic heavy as this Bitcoin thing is implemented.

Edit:

[Meuh6879]

We make the history.
We, the people.
We, the network of Trust.

[ARTISTCOLONY]

https://68.media.tumblr.com/bc2d4245dea00d4b60047c3916888423/tumblr_mm5ez8AObT1ro8ysbo1_500.gif


SPACE AND BEYOND THIS IS WHERE WE GO FROM HERE $2500 CLOSEEE++

[Torque]

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 are thinking of "healthy growth" as in droves of people are rushing to buy some bitcoin right now so they can turn around and buy a coffee with it, then you haven't really been paying attention to what is happening in the world lately.

More like "I trust Bitcoin as a store of value" more than "I trust PMs as a store of value".
^{(Hint: One of the two is heavily controlled and naked shorted by unscrupulous central banks. The other isn't.)}

[rjclarke2000]

SPACE AND BEYOND THIS IS WHERE WE GO FROM HERE $2500 CLOSEEE++

Are you the new crazy shouty guy? Nice to meet you.

[savetherainforest]

Panic!??  





I'm not sure this is the expected correction... Between 2550 < > 2650 it is supposed to be. But dunno now, maybe things change sometimes... anyway... lets just see what happens!    


(insert Joker throws stick at the ground for tryouts)

[PoolMinor]

Panic!??  





I'm not sure this is the expected correction... Between 2550 < > 2650 it is supposed to be. But dunno now, maybe things change sometimes... anyway... lets just see what happens!    



(insert Joker throws stick at the ground for tryouts)

[Elwar]

Is it just me or is the bitcoin actually going according to the graph of October to December graph of 2013?

At the end, we should remember what happened that time.

Looks more like the April/May 2013 one to me. So... double bubble $10K Bitcoin in 2018?

If that is the case expect a dip to ~$700 in the July month of your scenario.

That's exactly what I'm expecting.

But that could possibly happen in June, and a dip can be of ~$1000, in my opinion.

I saw it as well. Didn't want to say anything publicly to jinx it but you guys caught it.

October 2013 the price was $125 at the start. It doubled in a month to $250 in 2 weeks it was up to $500 a week later it doubled to $1000 then had the ATH within a few days before crashing.

So look at $1250 as our start. We have doubled in a month. Top could be as high as $12,500.

[Wekkel]

Two more doublings until $9,600. At this pace, on 14 June 2017.

[PoolMinor]

Is it just me or is the bitcoin actually going according to the graph of October to December graph of 2013?

At the end, we should remember what happened that time.

Looks more like the April/May 2013 one to me. So... double bubble $10K Bitcoin in 2018?

If that is the case expect a dip to ~$700 in the July month of your scenario.

That's exactly what I'm expecting.

But that could possibly happen in June, and a dip can be of ~$1000, in my opinion.

I saw it as well. Didn't want to say anything publicly to jinx it but you guys caught it.

October 2013 the price was $125 at the start. It doubled in a month to $250 in 2 weeks it was up to $500 a week later it doubled to $1000 then had the ATH within a few days before crashing.

So look at $1250 as our start. We have doubled in a month. Top could be as high as $12,500.

Thanks, you just jinxed it.

[bitserve]

Is it just me or is the bitcoin actually going according to the graph of October to December graph of 2013?

At the end, we should remember what happened that time.

Looks more like the April/May 2013 one to me. So... double bubble $10K Bitcoin in 2018?

If that is the case expect a dip to ~$700 in the July month of your scenario.

That's exactly what I'm expecting.

But that could possibly happen in June, and a dip can be of ~$1000, in my opinion.

I saw it as well. Didn't want to say anything publicly to jinx it but you guys caught it.

October 2013 the price was $125 at the start. It doubled in a month to $250 in 2 weeks it was up to $500 a week later it doubled to $1000 then had the ATH within a few days before crashing.

So look at $1250 as our start. We have doubled in a month. Top could be as high as $12,500.

But if we are really considering 2013 as a reference you must take into account both "bubbles". We would be in the first one, which would rise to around $6000 and then dump to $2000.... then the second bubble up to $20.000.

Of course we are not in 2013.