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

[Dakustaking76]

Helo guys Any updates Why bitcoin is moving down slowly?

[Bitcoinaire]

The rally has ended and we drift lower.

[orpington]

Helo guys Any updates Why bitcoin is moving down slowly?

They want you to think its all over - at that point the price will rise

[HI-TEC99]

Helo guys Any updates Why bitcoin is moving down slowly?

It's the weekend, and bank transfers of fiat to exchanges stop during weekends. Although we used to expect a weekend dump there have recently been weekend pumps, possibly because people had fiat saved on exchanges. Unfortunately wt seems we are back to the weekend dump cycle again.

However, it might prove to be a trick and the price might yet pump like orpington suggests.

Helo guys Any updates Why bitcoin is moving down slowly?

They want you to think its all over - at that point the price will rise

[Dakustaking76]

Helo guys Any updates Why bitcoin is moving down slowly?

It's the weekend, and bank transfers of fiat to exchanges stop during weekends. Although we used to expect a weekend dump there have recently been weekend pumps, possibly because people had fiat saved on exchanges. Unfortunately wt seems we are back to the weekend dump cycle again.

However, it might prove to be a trick and the price might yet pump like orpington suggests.

Helo guys Any updates Why bitcoin is moving down slowly?

They want you to think its all over - at that point the price will rise

Ye But its already couple of weeks were staying in the range €2200-2500 And were not going up
Wat is holding to move?
If we keep like this i think a mega dump Will come soon? What do you guys think about iT?
We tested already the resistance at lower €1900-€2000 But its not working Well.
Everyone is thinking were also on a mega pump..

[HI-TEC99]

Helo guys Any updates Why bitcoin is moving down slowly?

It's the weekend, and bank transfers of fiat to exchanges stop during weekends. Although we used to expect a weekend dump there have recently been weekend pumps, possibly because people had fiat saved on exchanges. Unfortunately wt seems we are back to the weekend dump cycle again.

However, it might prove to be a trick and the price might yet pump like orpington suggests.

Helo guys Any updates Why bitcoin is moving down slowly?

They want you to think its all over - at that point the price will rise

Ye But its already couple of weeks were staying in the range €2200-2500 And were not going up
Wat is holding to move?
If we keep like this i think a mega dump Will come soon? What do you guys think about iT?
We tested already the resistance at lower €1900-€2000 But its not working Well.
Everyone is thinking were also on a mega pump..

Sometimes it goes sideways for months, and I suspect that might be happening again. A few years ago it stayed between $200 and $300 for a long time. Each dump to $200 or pump to $300 seemed a big deal, but looking at the historical charts the price stayed fairly stable. Maybe it will stay between $2000 and $3000 for a while.

[JayJuanGee]

I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/

These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.

Stay wary my friends.

And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works.  Remember, the MSM is no friend to Bitcoin.

Re-buy at $200 then we can start all over again?

You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?

Yeah, speculation built upon speculation built upon speculation makes your scenario 1 in a million, so therefore, why are you talking about it as if it were likely?   

[mastrox92]

Helo guys Any updates Why bitcoin is moving down slowly?

They want you to think its all over - at that point the price will rise

I think its going to test 2k again! cheap coins again?

[Torque]

Keep an eye on the total crypto market cap.

If we break below the $97B cap and stay there for a while, the total crypto market downtrend will be confirmed.

At that point I think alts will start trading back into btc on every btc dip.

[Icygreen]

Stamp is gobbling up btc in big bites.  100 + in less than a minute.

[bones261]

I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/

These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.

Stay wary my friends.

And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works.  Remember, the MSM is no friend to Bitcoin.

Re-buy at $200 then we can start all over again?

You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?

Yeah, speculation built upon speculation built upon speculation makes your scenario 1 in a million, so therefore, why are you talking about it as if it were likely?   

There are two sure things in life, death and taxes. 

[JayJuanGee]

The price crashed at the time of some auctions, but pumped about the time of the other ones. Although it's true we didn't get a strong bull market until after they all finished, there were other factors holding the price down.

We had Gox, China bans Bitcoin, the Bitstamp hack, the Bitfinex hack, etc. Every time the price started to go up another disaster crashed it. Besides all that Bitcoin had pumped from $2 to over $1000. It was due a correction after those gains.

The price has languished for so long now that new disasters don't seem to affect it a much. Maybe it's due to go up simply because it's been languishing.

The price has languished? Relative to what?   I suppose one could say a bullet "languishes" when compared to a photon. Over 250% increase since the beginning of the year? Pretty incredible to me. I still have a hard time grasping how something with such a high yield could possibly be a safe "store of value."

The long period where the price languished between $200 to $300 was what I was mostly referring to. It's only become exceptionally bullish since the start of this year when it broke the ATH. I'm hoping that within another year we get a 1000% increase on today's price.

Even though the bull market became much more pronounced and upwardly explosive since the beginning of this year, the bull market started in late 2015 at around $250-ish; however, we were not really able to confirm the existence of such bull market until about late May 2016 when prices flew passed $500.. and ever since then, we been in a bull market, in spite of some of these corrections.

Sure this bull market could reverse, but it is really not clear yet, and staying above $1200 remains a pretty decent sign that we are still in a bull market.

In other words, we gotta zoom out a bit to make those kinds of bull market / bear market calls.

[HI-TEC99]

The price crashed at the time of some auctions, but pumped about the time of the other ones. Although it's true we didn't get a strong bull market until after they all finished, there were other factors holding the price down.

We had Gox, China bans Bitcoin, the Bitstamp hack, the Bitfinex hack, etc. Every time the price started to go up another disaster crashed it. Besides all that Bitcoin had pumped from $2 to over $1000. It was due a correction after those gains.

The price has languished for so long now that new disasters don't seem to affect it a much. Maybe it's due to go up simply because it's been languishing.

The price has languished? Relative to what?   I suppose one could say a bullet "languishes" when compared to a photon. Over 250% increase since the beginning of the year? Pretty incredible to me. I still have a hard time grasping how something with such a high yield could possibly be a safe "store of value."

The long period where the price languished between $200 to $300 was what I was mostly referring to. It's only become exceptionally bullish since the start of this year when it broke the ATH. I'm hoping that within another year we get a 1000% increase on today's price.

Even though the bull market became much more pronounced and upwardly explosive since the beginning of this year, the bull market started in late 2015 at around $250-ish; however, we were not really able to confirm the existence of such bull market until about late May 2016 when prices flew passed $500.. and ever since then, we been in a bull market, in spite of some of these corrections.

Sure this bull market could reverse, but it is really not clear yet, and staying above $1200 remains a pretty decent sign that we are still in a bull market.

In other words, we gotta zoom out a bit to make those kinds of bull market / bear market calls.

I feel like we are still in a bull market, and wonder if the latest Italian bank events could move the price up. Italy is spending up to $19 billion to bail out two of its banks. If more banks need bailing out people could start buying Bitcoin as a safe haven.

Although I was expecting flat Bitcoin prices for a while the bank bailouts could change things.

https://www.bloomberg.com/news/articles/2017-06-25/italy-mobilizes-up-to-19-billion-to-keep-veneto-banks-afloat

[JayJuanGee]

I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/

These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.

Stay wary my friends.

And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works.  Remember, the MSM is no friend to Bitcoin.

Re-buy at $200 then we can start all over again?

You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?

Yeah, speculation built upon speculation built upon speculation makes your scenario 1 in a million, so therefore, why are you talking about it as if it were likely?   

There are two sure things in life, death and taxes. 

Of course, assuming that Satoshi is a real person.  Assuming that he has not figured out some way to either burn those coins for ever or to transfer them to some covert entity.

The safer assumptions seem to be that those coins are never moving again, unless some hack figures out a way to break into them, and even then, they are stored under multiple addresses, correct?  They have multiple private keys, correct?

In other words, you seem to want to spread FUD.  Either you already sold or you failed to buy and you are seeking to pick up some cheap coins, right?

[deepcolderwallet]

Holding up pretty well on Stamp. Currently 2532 and some large buy walls just behind 2500.  Lookin good for now.

I don't understand the continual optimism on the price in the near term. Bitcoin can go all the way down to 1300 and still be following its bull run from Mid 2015. Price near term means very little and frankly the charts are complete garbage if you are hoping Bitcoin goes up from here. I think you need to be long on Bitcoin another 3 years before selling and you should only be hoping that it continues to correct so you can buy more bitcoin for your dollar.

This guy has a point.

[bones261]

Of course, assuming that Satoshi is a real person.  Assuming that he has not figured out some way to either burn those coins for ever or to transfer them to some covert entity.

The safer assumptions seem to be that those coins are never moving again, unless some hack figures out a way to break into them, and even then, they are stored under multiple addresses, correct?  They have multiple private keys, correct?

In other words, you seem to want to spread FUD.  Either you already sold or you failed to buy and you are seeking to pick up some cheap coins, right?

Since we do not know Satoshi's identity, that introduces a bit of  "uncertainty," now doesn't it? That's the U in FUD.   Furthermore, I am not a whale, and don't have any pull whatsoever it the community, so my "FUD" wouldn't effect the going rate for Bitcoin even 1 penny.  

[Meuh6879]

3900 USD.



good, i have planned 3200 USD for 2017.

[yefi]

At that point I think alts will start trading back into btc on every btc dip.

To some extent. I agree with Blitz, bitcoin dominance will increase, but price will still trend down due to traders exiting into fiat.

[Meuh6879]

Bitcoin is stable during summer holidays.

APPROVED.

[deepcolderwallet]

i think invest in bitcoin is much more safe and profitable because bitcoin price rising to higher value and we do not face to any risk when we invest our money in bitcoin and i if we invest our money in bitcoin we will be get a good profit from bitcoin in the future so i think bitcoin is much more profitable currency than altcoins.

have you just been hacked? that reads like every second post by cut and paste google translate noobs.

There are many people that will buy other peoples' accounts. Legendary folks can make some decent money.

I was offered somewhere around what would be over $2 per post for a signature campaign. I started doing the calculations of just logging and posting 10 posts a day from Thailand with $600 per month of extra spending money with no work. I could be like these other signature campaigners and post tons of shit posts or start arguments just for the money. But I know that would compromise my posts and make posting on here work instead of fun.

I also got an estimate on selling my account outright that was over half a bitcoin. Plenty of people want the quick money.

You increase my respect for you anytime you post. Never get sold, for God's sake!