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

[ManBearPig]

Interesting chart. Where did you get it from?

From a colleague of mine, who used bitcoincharts.com data.

ManBearPig has price data going back to 2009 which shows the trend has been consistent from the start,

Hey I need to update the all-time chart but here's the last one from a month ago:

[Babylon]

Looks like I was wrong about $120 and $125...or did someone actually dump a lot of coins around that price?  (I've been asleep, good morning)

We haven't hit 125

[xorglub]

I think our $2 million guy managed to know how to buy with multiples 999btc buys at the high price..

They seem to always be placed at .89, .90, .91, under round prices.
I don't think he's really buying. Some got partially sold into but they keep popping in and out.
Looks like a pump. Not sure why.

[gizmoh]

I think our $2 million guy managed to know how to buy with multiples 999btc buys at the high price..

They seem to always be placed at .89, .90, .91, under round prices.
I don't think he's really buying. Some got partially sold into but they keep popping in and out.
Looks like a pump. Not sure why.

No i can assure you they are getting bought into.He just wants to be top in the buy list.

[SlipperySlope]

It appears to me that the capitulation pattern from $145 to $80 has ended. Three days to fall to $80, and three days to recover back to $124.

Question whether the price will surpass $145 or $160 this month - I believe not, based upon the notion that we are in a collapsing bubble.

[zebedee]

[...] or leaves me with $220k funny money, and my remaining bitcoins valued at $300k/BTC in October, 2013.

Lol.  Go take an anti-delusion pill.

It should be obvious that anyone *really* believing the cruft you write wouldn't be selling, at any time, ever, for whatever reason.

Ergo, you don't believe this crap yourself.

[Babylon]

[...] or leaves me with $220k funny money, and my remaining bitcoins valued at $300k/BTC in October, 2013.

Lol.  Go take an anti-delusion pill.

It should be obvious that anyone *really* believing the cruft you write wouldn't be selling, at any time, ever, for whatever reason.

Ergo, you don't believe this crap yourself.

I dunno, a ride up to 300k is gonna be a bumpy ride.

[michaelGedi]

All i know is rpietila has fun. No matter what he is doing, at least he's taking the bull by the horns and doing something..

We need more people in the world like him.

I don't think the world could possibly support more people like him...

[SAQ]

So we got to 125. All going as planned. Now 135 for tomorrow.

Btw reptilla thanks for those sells at 119 down to 108. Without your volatility it would have been a shit Saturday/Sunday.

I was asleep so does anyone know how many coins were bought to get us to 125 from 117? Last night it seemed to be around 8k, but did that change?

I think the wallzilla guy might have another 7 - 5k btc to buy. So we might see 130 today.

[michaelGedi]

But please remember that at times, 40% of this thread is metatalk about me, and the raison d'être of this thread is to observe the walls that the wallmasters set up. There are other threads available, if you want to discuss my fundamental research in an atmosphere of dignity, or contempt.

[SAQ]

[...] or leaves me with $220k funny money, and my remaining bitcoins valued at $300k/BTC in October, 2013.

Lol.  Go take an anti-delusion pill.

It should be obvious that anyone *really* believing the cruft you write wouldn't be selling, at any time, ever, for whatever reason.

Ergo, you don't believe this crap yourself.

I dunno, a ride up to 300k is gonna be a bumpy ride.

For 1btc to be worth $300k, it would mean that bitcoins has a market cap of 330 trillion dollars. That is, 330 trillion dollars would need to be spent in buying bitcoins. That is not going to happen. Not this year, not this decade, probably not even this century unless we get an American Zimbabwe.

[JimiQ84]

[...] or leaves me with $220k funny money, and my remaining bitcoins valued at $300k/BTC in October, 2013.

Lol.  Go take an anti-delusion pill.

It should be obvious that anyone *really* believing the cruft you write wouldn't be selling, at any time, ever, for whatever reason.

Ergo, you don't believe this crap yourself.

I dunno, a ride up to 300k is gonna be a bumpy ride.

For 1btc to be worth $300k, it would mean that bitcoins has a market cap of 330 trillion dollars. That is, 330 trillion dollars would need to be spent in buying bitcoins. That is not going to happen. Not this year, not this decade, probably not even this century unless we get an American Zimbabwe.

Wrong. Only about 1,5 million of BTC is traded. Also, the price works differently.

[HerrDoktor]

[...] or leaves me with $220k funny money, and my remaining bitcoins valued at $300k/BTC in October, 2013.

Lol.  Go take an anti-delusion pill.

It should be obvious that anyone *really* believing the cruft you write wouldn't be selling, at any time, ever, for whatever reason.

Ergo, you don't believe this crap yourself.

I dunno, a ride up to 300k is gonna be a bumpy ride.

Not if its only in your mind
On the other side, looks like we gonna test the 125 now fingers crossed

[SAQ]

[...] or leaves me with $220k funny money, and my remaining bitcoins valued at $300k/BTC in October, 2013.

Lol.  Go take an anti-delusion pill.

It should be obvious that anyone *really* believing the cruft you write wouldn't be selling, at any time, ever, for whatever reason.

Ergo, you don't believe this crap yourself.

I dunno, a ride up to 300k is gonna be a bumpy ride.

For 1btc to be worth $300k, it would mean that bitcoins has a market cap of 330 trillion dollars. That is, 330 trillion dollars would need to be spent in buying bitcoins. That is not going to happen. Not this year, not this decade, probably not even this century unless we get an American Zimbabwe.

Wrong. Only about 1,5 million of BTC is traded. Also, the price works differently.

No one knows how many btc would be traded if 1 was worth 10k, 100k, or 300k. Anyone made a comparison with how many were traded when they were worth 3, 10, 30, 100 etc.

In any event, that would require an investment of half a trillion into bitcoins. In 5 - 10 years maybe. In 5 - 10 months? I don't think so. We need to get to 1k for a bitcoin first, then 2k, 5k, 10k, then 50k, then 100k, then 200k, then 400k. Give it a century.

[Rampion]

It appears to me that the capitulation pattern from $145 to $80 has ended. Three days to fall to $80, and three days to recover back to $124.

Question whether the price will surpass $145 or $160 this month - I believe not, based upon the notion that we are in a collapsing bubble.

So, you think the capitulation is over and we are on the way up?

Man, bulls turning bears and bears turning bulls, I'm really puzzled

[phoenix1]

For 1btc to be worth $300k, it would mean that bitcoins has a market cap of 330 trillion dollars.

I think you need to check your maths ...  Price at $300k * 11 million = $3.3 Trillion market capitalisation on my calculator
It's still a long way off though lol

[TsuyokuNaritai]

[...] or leaves me with $220k funny money, and my remaining bitcoins valued at $300k/BTC in October, 2013.

Lol.  Go take an anti-delusion pill.

It should be obvious that anyone *really* believing the cruft you write wouldn't be selling, at any time, ever, for whatever reason.

Ergo, you don't believe this crap yourself.

Doesn't follow. Speculating now could get him more of those $300k bitcoins later. He just wouldn't go all out, at any time, ever, for whatever reason.

[SAQ]

BTW, what does everyone think the top will be before we dive downwards again?

I say 180

[HerrDoktor]

BTW, what does everyone think the top will be before we dive downwards again?

I say 180

I would say 160 is possible, but then this is BTC. So it will do whatever it wants to do.

[Babylon]

Something feels off about that rally, reminds me of something similiar that happened april 28-30 from 125 to 145. I guess i have my tinfoil hat on, but it really does look manipulated.  

It was pretty clearly manipulated.  All those moving walls.