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

[JayJuanGee]

Good morning Bitcoinland.

After 4 days of slowly rising prices we had a nice little $100 correction and bounce halfway back up and seem to be consolidating well above $2500... currently $2525 (Bitcoinaverage).

This is the kind of moderate growth we need to keep going.

Go Bitcoin go.

Definitely, slow & steady upwards price increments is the way to go. Much better than huge pumps which are unsustainable & are usually followed by an inevitable dump.

Be nice to break $3000 by the end of 2017, that's my personal hope.

That's something I can support!
A 3k break by the end of the year would be ok, much more than a crazy ride to 4k just to see the coin dying back to 2500...

3k is an honest goal. I just hop for a small dip before because something too solid lacks entry points ^^

Less than $500 from the current level after $1500 rise since January?

Think bigger.

Why not another $1500 rise?

Well, crazy as it sounds, a $1,500 rise from our current spot seems like a reasonable set of unreasonableness in the total context of where we are at and how we got here - including considerations of what is going on in the alt space, too.

I don't know any kind of exact odds for another $1,500 rise, but maybe around 35% or so.. could be fair.. . and is really good, if you think about it.

Absent major drama $4200 - $4400 is doable by year end. Look at past ATHs and compare the rise to previous.

$4,200 to $4,400 is doable in 6 weeks or less.

[JayJuanGee]

What's this bullshit now?

China ban bitcoin?

yeah that is the 25471th times of banning bitcoin.

well done and good game wp china.

Link or it didn't happen

[yefi]

Just buy a carwash.

Just hope Bogdan will sell it to me after what I said about his eyebrows.

[elite3000]

What's this bullshit now?

China ban bitcoin?

yeah that is the 25471th times of banning bitcoin.

well done and good game wp china.

Link or it didn't happen

aren't you here for 4 years at least?

I think you should know all the times that China "banned" Bitcoin since 2013. I think the first one caused the first drop after the top of the Gox bubble

[Meuh6879]

If you do cash out a significant amount, the problem I see is buying property. AML laws mean solicitors in most Western countries will want to see evidence of source of funds. It is also likely to trigger suspicion, which, at least in the UK, means a SAR (Suspicious Activity Report) being filed with the NCA (National Crime Agency).

Just buy a carwash.

[Torque]

New concern trolling threads in this sub forum are at an ATH

Trolls must be getting desperate for a drop. And no Youtube, we are not falling for that ETH crap. Your constant video shilling won't work, we don't care about that shitcoin.

[BlindMayorBitcorn]

Fuck ethereum


That is all

Relevant
https://twitter.com/NickSzabo4/status/871462865206509568

[criptix]

Fuck ethereum


That is all

Relevant
https://twitter.com/NickSzabo4/status/871462865206509568

No. Casper can survive 51% attacks happening once in a while; we can just delete the attackers' deposits and keep going.

Good to know...

[JayJuanGee]

What's this bullshit now?

China ban bitcoin?

yeah that is the 25471th times of banning bitcoin.

well done and good game wp china.

Link or it didn't happen

aren't you here for 4 years at least?

I think you should know all the times that China "banned" Bitcoin since 2013. I think the first one caused the first drop after the top of the Gox bubble

I don't know.

I frequently criticize other posters for giving too much emphasis to events in China, and in this particular instance, I am requesting a link regarding any implication that there is significant or meaningful news in relation to china or anything else that might be a reference regarding current BTC price dynamics.

Furthermore, merely because someone is here and participating in this thread for a long time does not reasonably conclude that the person is on the same page regarding the significance, meaning, weight or importance of various events or history that might be discussed. 

Some posters provide evidence for their posts, and others make vague and ambiguous posts that seem to beg for further explanation, including the posts that I was referencing above.

[infofront]

Fuck ethereum


That is all

Relevant
https://twitter.com/NickSzabo4/status/871462865206509568

No. Casper can survive 51% attacks happening once in a while; we can just delete the attackers' deposits and keep going.

Good to know...

I've avoided Eth like the plague because of their BS like this. Of course, I've also avoided making a shitload of $$$ on Eth...

[Asrael999]

Fuck ethereum


That is all

Relevant
https://twitter.com/NickSzabo4/status/871462865206509568

No. Casper can survive 51% attacks happening once in a while; we can just delete the attackers' deposits and keep going.

Good to know...

I've avoided Eth like the plague because of their BS like this. Of course, I've also avoided making a shitload of $$$ on Eth...

Why would anyone actually use ETH to build their blockchain product when they can do exactly the same with ETC, the tokens to operate their project will cost <10% of the cost if they build on ETH, and there is significantly less risk of "god" interfering?

[DaRude]

Got a hidden ask wall on Finex @ $2501

[Heater]

This is looking more like April-2013 than Nov-2013.

[Searing]

Expect a pump..I sold to pay off the last of my $6k on bitmain L3+'s etc to the bank.....on coinbase at $2,508.00 btc rate after fees

thus of course, it is now pumping....(on the other hand I have mined my way out of debt again)...but still

my timing as always is epic

your welcome

[STT]

Hasnt it slipped past 2470 a little too easily, I dont know.   Chinese chart looks good I was going to say, confirming multiple times previous resistance before more in this slight rise.    2900 is a previous uptrend line, obviously that was an aggressive line.
EUR 2300 Now 78% retrace for Kraken Euro pullback move and 2400 is top of uptrend channel and the flipside to the negative sentiment during the selloff I guess.  Climbing like the rungs of a ladder, quite neat really

Old trend discussed may 20th fitting in, call it a base line for now :

[Elwar]

A tale of 3 charts.

[Elwar]

[Denker]

Fuck ethereum


That is all

Relevant
https://twitter.com/NickSzabo4/status/871462865206509568

No. Casper can survive 51% attacks happening once in a while; we can just delete the attackers' deposits and keep going.

Good to know...

I've avoided Eth like the plague because of their BS like this. Of course, I've also avoided making a shitload of $$$ on Eth...

It's not just you. There are others like me and a few more who haven't bought any Eth because of this bs.
Once in a while I was shorting that crap when there was an opportunity. But lately there's no chance doing so due to the rise because of all those ICO scams on top of Ethereum scam.
However I know I just need to have patience. The time for another big bear party with Ethereum will come. It'll be awesome.

[Wekkel]

A tale of 3 charts.

[snip]

Its going to be epic.

[elebit]

This is looking more like April-2013 than Nov-2013.

Absolutely. I don't know why people are comparing it to november 2013. That bubble wasn't a quick rise and successive fall, it was several in succession where the last was the biggest. Otherwise it wouldn't have been so epic. It took the better part of a year, and if we're going to have a bubble in 2017 I don't see why it would be much different. If it is so, then we've only seen the first two selloffs of the runup. This could go far still.