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

[molecular]

according to my calculations if we stay on the current bullish trend we will hit 1,480.78$ in 6 months 16,867.02$ in 12 month 2,188,434.58$ in 24 months


omg why did i sell 3 coins for only 500$ 

I can't help but notice the bulls (me included) are throwing much higher numbers (even in relative terms) than in 2011 ("$1000 by the end of the year"... quite conservative). I also have a feeling this time they are having an easier time actually believing their own projections might come true.

I remember when friends used to ask me back in 2011: "when will you sell", my answer was: at 1 BTC = 1 oz gold. This doesn't seem so outlandish any more, does it?

It's almost like my wildest dreams are coming true: bitcoin seems to really work out!

Have you guys seen that guardian piece about the Bitcoin Kiez (http://www.guardian.co.uk/technology/video/2013/apr/26/bitcoin-currency-moves-offline-berlin-video). Had you shown me this in 2011 as a "video from 2 years in the future", I wouldn't have believed it and would probably not have been able to stop laughing in pure joy for a day or two. Nowadays my reaction is simply: "oh, cool! Quite a well done piece! Thanks cool dudes in Berlin!".

My old dreams are the new normal, I should get some new dreams... think big this time.

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[Ares]

I can't help but notice the bulls (me included) are throwing much higher numbers (even in relative terms) than in 2011 ("$1000 by the end of the year"... quite conservative). I also have a feeling this time they are having an easier time actually believing their own projections might come true.

I remember when friends used to ask me back in 2011: "when will you sell", my answer was: at 1 BTC = 1 oz gold. This doesn't seem so outlandish any more, does it?

It's almost like my wildest dreams are coming true: bitcoin seems to really work out!

Have you guys seen that guardian piece about the Bitcoin Kiez (http://www.guardian.co.uk/technology/video/2013/apr/26/bitcoin-currency-moves-offline-berlin-video). Had you shown me this in 2011 as a "video from 2 years in the future", I wouldn't have believed it and would probably not have been able to stop laughing in pure joy for a day or two. Nowadays my reaction is simply: "oh, cool! Quite a well done piece! Thanks cool dudes in Berlin!".

My old dreams are the new normal, I should get some new dreams... think big this time.

I crunched the numbers and there is a direct correlation between your 2 year old dreams and current Bitcoin happenings. Please, dream really big this time.





Still hangin around 137 with barely any volume. Time to sleep.

[batcoin]

according to my calculations if we stay on the current bullish trend we will hit 1,480.78$ in 6 months 16,867.02$ in 12 month 2,188,434.58$ in 24 months


omg why did i sell 3 coins for only 500$ 

I can't help but notice the bulls (me included) are throwing much higher numbers (even in relative terms) than in 2011 ("$1000 by the end of the year"... quite conservative). I also have a feeling this time they are having an easier time actually believing their own projections might come true.

I remember when friends used to ask me back in 2011: "when will you sell", my answer was: at 1 BTC = 1 oz gold. This doesn't seem so outlandish any more, does it?

It's almost like my wildest dreams are coming true: bitcoin seems to really work out!

Have you guys seen that guardian piece about the Bitcoin Kiez (http://www.guardian.co.uk/technology/video/2013/apr/26/bitcoin-currency-moves-offline-berlin-video). Had you shown me this in 2011 as a "video from 2 years in the future", I wouldn't have believed it and would probably not have been able to stop laughing in pure joy for a day or two. Nowadays my reaction is simply: "oh, cool! Quite a well done piece! Thanks cool dudes in Berlin!".

My old dreams are the new normal, I should get some new dreams... think big this time.

It's an awesome feeling isn't it? I didn't have a target sell price for my coins in 2011 like you did. I just knew that I would hold them for 5 years and see where things would be at when 2016 arrives. What could it be like in 3 more years having the benefit of updated information compared to 2011? The dream is the same, but the realization of it could end up being far greater than anyone expected.

[Miz4r]

Really surprised we are still at high $130's.  Was feeling pretty sure we were going to see a downward slide recently, to $120 odd.

This whole speculation stuff just ain't easy at all.

it isn't as hard as you think 

i noticed the downtrend was exhausted from a number of indicators as early as yesterday evening. take a look at my thread "arepo's price analysis" for the details.

--arepo

big sellers are waiting for higher prices, higher prices will not come.
120 will fall

at this point, i'm starting to see this as likely. if we continue this consolidation in the short-term without breaking out, that would be a signal to sell. all i was saying was that i was confident $120 would hold overnight.

Didn't you say in another thread that going sideways is bullish for bitcoin? I think bullish momentum is slowly building up, but it's weekend so not enough volume for much action to be taking place imo. What will happen if the price stays relatively stable until Monday, and people start moving part of their new monthly salary into MtGox?

[ManBearPig]

Didn't you say in another thread that going sideways is bullish for bitcoin? I think bullish momentum is slowly building up, but it's weekend so not enough volume for much action to be taking place imo. What will happen if the price stays relatively stable until Monday, and people start moving part of their new monthly salary into MtGox?

I personally interpret this consolidation as bullish. The bears sold themselves out, we are learning more about the market every day while taking on new money all the time.

TLDR: all good.

[molecular]

Still hangin around 137 with barely any volume. Time to sleep.

I don't think it's a good time to sleep. It might drag on for longer, but we're at quite a decisive point here. Any way it goes, it probably goes quite a bit:



There has been much happening around the level we're currently at (138ish): Top of a wedge (broken up April 5th) that lead us to the huge rally to $0.266, top of a rebound during big crash (Apr 12th), top of rally Apr 19th and now current resistance.

[molecular]

according to my calculations if we stay on the current bullish trend we will hit 1,480.78$ in 6 months 16,867.02$ in 12 month 2,188,434.58$ in 24 months


omg why did i sell 3 coins for only 500$ 

I can't help but notice the bulls (me included) are throwing much higher numbers (even in relative terms) than in 2011 ("$1000 by the end of the year"... quite conservative). I also have a feeling this time they are having an easier time actually believing their own projections might come true.

I remember when friends used to ask me back in 2011: "when will you sell", my answer was: at 1 BTC = 1 oz gold. This doesn't seem so outlandish any more, does it?

It's almost like my wildest dreams are coming true: bitcoin seems to really work out!

Have you guys seen that guardian piece about the Bitcoin Kiez (http://www.guardian.co.uk/technology/video/2013/apr/26/bitcoin-currency-moves-offline-berlin-video). Had you shown me this in 2011 as a "video from 2 years in the future", I wouldn't have believed it and would probably not have been able to stop laughing in pure joy for a day or two. Nowadays my reaction is simply: "oh, cool! Quite a well done piece! Thanks cool dudes in Berlin!".

My old dreams are the new normal, I should get some new dreams... think big this time.

It's an awesome feeling isn't it? I didn't have a target sell price for my coins in 2011 like you did. I just knew that I would hold them for 5 years and see where things would be at when 2016 arrives. What could it be like in 3 more years having the benefit of updated information compared to 2011? The dream is the same, but the realization of it could end up being far greater than anyone expected.

Don't get me wrong, I wont sell more than 5-10%. .

[ManBearPig]

...we're at quite a decisive point here. Any way it goes, it probably goes quite a bit...

Absolutely, I switched over to a faster chart in time to see a dive from $137 to $134 and thought twice about disagreeing

Meanwhile: low volume and lowish walls:



One medium-sized buy could put us at $139 in a heartbeat.

[Jaroslaw]

Big sell off

[dmiceman]

Good day for dump, isn't it?

[just1nmc]

Most people who were looking to buy over the weekend have probably done so already. The rest are waiting it out to hope for lower prices.

$125 wouldn't surprise me at all, but the asks are very thin to keep the price in the $120s for long.

[StarrManUK]

haha wtf is going on

[just1nmc]

Big sell off

Bigger buy  

[ManBearPig]

20 seconds of lag and people are panic selling at $132 while others panic buy at $139 - gotta love this

This:

[Digikeys]

haha wtf is going on

This. Seriously...

[ronaldlee0917]

I have no clue wtf is going on
136 -> 131 -> 139 -> 136 within one minute

[Rockford]

[oakpacific]

20 seconds of lag and people are panic selling at $132 while others panic buy at $139 - gotta love this

This:

I think it's noobs getting trolled.

[StarrManUK]

Hmmm could seriously be some manipulation there.

Very quick price fall followed by very quick price rise and now we are back where we started  

[ManBearPig]

20 seconds of lag and people are panic selling at $132 while others panic buy at $139 - gotta love this

This:

I think it's noobs getting trolled.

Nice edit :p