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

[Elwar]

What are you guys feeding the bitcoin price?

It's so big.

[spiderbrain]

What are you guys feeding the bitcoin price?

It's so big.

Trillions of dollars of central bank money printing.

[Lauda]

SegWit Lock-in threshold expected at ≈Tue, 08 Aug 2017 19:14:34 GMT.

I am almost 100% confident that this will take us to a new ATH today.
In case someone doesn't know where to check that information: https://www.xbt.eu/.

[GHCoins45]

What's the current ATH? or where I can find this info?

[pinger]

https://twitter.com/CNBCFastMoney/status/894680240890548225

Not much more to say.

[machasm]

3000 euro soon to be broken on Kraken. I can hardly contain my excitement.
This is gentleman.
Queue the rocket and train gifs please 😀

[rjclarke2000]

What's the current ATH? or where I can find this info?

Bitstamp 3478

This is the most reliable and trusted ATH as I believe.

I use bitcoin price ticker on iOS and it tells you there. Easy to follow on the go.

[JayJuanGee]

In all seriousness, what do we think the peak of this current rally is going to be before there is a decent drop/pull back for some profit taking? 

I'm stuck in the middle of wanting to sell one or two and obviously want to buy back on the dip. 

You should always sell a bit when there are steep rises in the price; however, the difficulty is not selling too much.  If you only have a few coins, and you sell 1 or 2 coins, then you are gambling too much.

I systematically sell about 1% of my holdings for every 10% rise in price, and I buy back in similar amounts.

I have been employing my system since about $250 all the way up to current prices $3450, but I still have 92% in bitcoin and about 8% in cash, so I buy back on dips and I also have increased my holdings through such practices of buying on the way down and selling on the way up. 

When I say incrementally, I started selling in about$10 increments, then I went to $20 increments and then to $50 and currently I am transitioning from $50 to $100 increments.

Anyhow, there is no exact science, I recommend incrementalism so you do not gamble too much or feel like you have to obsess about the price.  You become a kind of bot and largely follow your system.. and don't hold out too much because over the past few years, I have found that it is nearly impossible to predict when the price is going to reverse, even though sometimes you can tweak a little extra heare and thee because you can get pretty decent ideas about direction.. but not with anything even close to approaching 90% certainty. 

[Slow death]

Breaking News: A sudden shortage of hookers and blow has rattled Wall Street, as a bunch of nerds and anarchists around the world look for fun new outlets for their newfound wealth.

Talking about nerds, Ignition Creative and Blockchain Entertainment will produce a reality docu-series.

The series will be about exploring bitcoin regulation.

CEO of Ignition Creative, Martin Kistler, has expressed his company’s “fascinat[ion with]… the story of cryptocurrency and how it could change the consumer world as we know it. We want this series to really get under the hood of one of the most relevant industrial changes happening today”.

Will it be that in the future those responsible for making films will be able to explore the bitcoin world? I mean, there's so much history to explore: Silk Road, Mt. Gox, HANSA Market, AlphaBay Market, BTC-E, Alexander Vinnik. that would make a good movie.

[rjclarke2000]

It's finally hit me.


This is bananas isn't it? 3400?

Wtf

[Lauda]

What's the current ATH? or where I can find this info?

You can, trivially, check on https://bitcoinity.org. BitStamp ATH $3490.

https://twitter.com/CNBCFastMoney/status/894680240890548225

The software upgrade that he is referring to is Segwit, and it locks in today.

This is bananas isn't it? 3400?

No. I want $4k today.

[marcus_of_augustus]

It's finally hit me.


This is bananas isn't it? 3400?

Wtf

you know it is ... this thread is epitomy of stunned silence. 

When I was estimating stops at 800-900, 1600-1800, 3200-3600, etc on the exponential increase wave counts I'm pretty sure most readers thought i was insane ... and here we are, bitcoin is insane and it hasn't changed since day 1.

The exponential growth patterns of networks is mathematically predictable but the numbers seem too huge to be believable to most when applied to an asset price. Then when you add in the volatility that comes with human (emotionally-charged) valuation/pricing the downswings are massive enough to create a lot of uncertainty, fear and doubt about the secular exponential growth trend. So far, however, it has proved to be inexorable.

[HanvanBitcoin]

Goodmourning my BTCitcoinfriends!

Just woke up and saw the price for 1 BTC is at 2960 euro's at Kraken! From my perspective this is only the beginning for today! In about 9-9,5 hours Segwitx2 locks in, i expect  the real rocket taking off in about 6-8 hours! Target: $4000, 3388 Euro.

Enjoy the ride! and remember: HODL!

 BTC~One day we'll all be living like kings!~BTC

[becoin]

Fiat currencies falling off a cliff as fiat currencies bubble is popping.

Expect dramatic interest rate increase by the Fed, ECB, BOJ, BOE, and the rest of the zoo.

[steelboy]

So, 3.5k is within smelling distance. I have a feeling that we could see a pull back to 3-3.2 after Segwit is activated.

I hope I'm wrong though.  

No one answered my question a few pages back either. Has anyone actually done anything with the fact that Segwit is activated on Litecoin? How long should we expect to wait for people to use the tech on the Bitcoin blockchain?

[Slow death]

I systematically sell about 1% of my holdings for every 10% rise in price, and I buy back in similar amounts.

Is not very little profit?

It's finally hit me.


This is bananas isn't it? 3400?

Wtf

We are currently at $3480.

It will be possible to reach $4000 later this year..

[Olivious]

I did not expect we will achieve $3500 in a matter of week. $20 pumps more and new possible all time high again gentlemen.

[JayJuanGee]

I traded a little bit of BCH yesterday @ 0.059 BTC.

Today it is @ 0.11 BTC.

KHAAAAN!!!!!!  

They knew that you were going to do that.  Psych!!!!!   

[Elwar]

I forgot to pay my rent at the beginning of the month.

The price on August 1 was around $2,600. Today I paid when the price was $3,400.

I'm glad I forgot. 

[Asrael999]

Rally looks good, maybe a little overdone, we are now nicely above the logarithmic trendline. That said - the trendline implies a price $4200 by year end and 8K end 18. We are on the cusp of the vertical phase