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

[Xavofat]

You say that as if it's a good thing.  

It is. It shows that Bitcoin has become so robust that these events have minor effects.

People use positive events which have been happening for longer than just a few weeks (such as Japanese adoption) to justify unnecessarily dramatic rises in prices.  What makes you think that people won't use those negative events to justify unnecessarily dramatic falls in prices if they happen later?  You can't be sure of what the effects are yet, because you're not talking about the same people as you were last bubble (2013).  People don't "mature" if they're new and different people each boom/bust cycle.

It would be healthy for the market to react to good and bad events depending on which happen at which time and how relevant they are to BTC users, but it's not doing that.  It's just flying upwards regardless of anything that is actually happening.

Wrong. It was quite heavily swinging up and down, and even reached a bottom of $18xx.

At the start of the year, $1800 would have looked like a bubble.

There are some positive events (such as SegWit),

"Some" and SegWit can't be placed in the same sentence. You have no idea what you're talking about.

I strongly doubt that speculators know what they're dealing with either.  SegWit is great but if adoption were rising as quickly as the price is (multiplying by about 4 since the start of the year) SegWit blocks would already be full, even if most people were using it.  LN could take some of that strain later, but even then the price is hyped up.

They're watching the price rise and then desperately trying to justify it with positive events even though it went up by >$1000 in a week.

Absolute numbers are useless, use percentages.

About 30%.  But my view is that when you're building on a price that was high to start with, absolute numbers are nice to use alongside percentages and show just how much money you're talking about.

[fabiorem]

Have been watching the graphs today, and I think there will be no correction this time, no dip.

Two or three times I saw whales trying to dump the price, but it only got to the 3800's. They don't have weight anymore to do more intense dumps.

Price is on the 3900's and finding the usual psychological resistance on the triple zero. But I think this time it will break the barrier easily. The triple zero will not be considered a solid resistance as time passes, the four zero will be more likely to provoke corrections.

So let's accelerate this rocket to the 10,000's. Just accept it.

[Icygreen]

Have been watching the graphs today, and I think there will be no correction this time, no dip.

Two or three times I saw whales trying to dump the price, but it only got to the 3800's. They don't have weight anymore to do more intense dumps.

Price is on the 3900's and finding the usual psychological resistance on the triple zero. But I think this time it will break the barrier easily. The triple zero will not be considered a solid resistance as time passes, the four zero will be more likely to provoke corrections.

So let's accelerate this rocket to the 10,000's. Just accept it.

So.... a bigger player or several have entered, mass adoption has started, or both? 

[bitserve]

Final round. Watch closely....

[aesma]

Feeling like I'm going to be driving that Porsche this winter !

I am curious. The guys buying high end porsches, lambos etc... Are you doing it selling a SUBSTANTIAL part of your stash (like 20-50%) or is it something more organic like 1-5% of it?

Feel free to not answer the question for privacy reasons or do it in an ambiguous way. I just want to know if you guys are acting responsibly or like if this was free money that will keep coming forever.

I'm talking about 5 BTC at 5000€ since it would be a used 911. It would be a substantial part of my stash (less than 20%) but more importantly it's about what I've spent getting that stash. After that, if BTC goes to 0, I will not have lost anything, only bought a car I maybe shouldn't have bought.

Currently I've got 3 cars, 2 donated, 1 a company car, I've never even bought one !

I understand your concern, but at the same time I can't watch BTC go up and up and not gain anything from it. I'm a lifelong fan of the 911, it's on my bucket list.

I would want several millions in the bank/real estate before considering buying a new Lambo. I like the old LP400 better anyway, but it's a rare classic car : even more expensive than a new one.

[600watt]

Final round. Watch closely....

wtf no dip at all? where is that force coming from?

 

[bitserve]

Final round. Watch closely....

wtf no dip at all? where is that force coming from?

 

Wut? You just had a little ($200) dip a couple hours ago.

Don't know where it is coming from.... but the dynamics are clear.

[600watt]

Feeling like I'm going to be driving that Porsche this winter !

I am curious. The guys buying high end porsches, lambos etc... Are you doing it selling a SUBSTANTIAL part of your stash (like 20-50%) or is it something more organic like 1-5% of it?

Feel free to not answer the question for privacy reasons or do it in an ambiguous way. I just want to know if you guys are acting responsibly or like if this was free money that will keep coming forever.

I'm talking about 5 BTC at 5000€ since it would be a used 911. It would be a substantial part of my stash (less than 20%) but more importantly it's about what I've spent getting that stash. After that, if BTC goes to 0, I will not have lost anything, only bought a car I maybe shouldn't have bought.

Currently I've got 3 cars, 2 donated, 1 a company car, I've never even bought one !

I understand your concern, but at the same time I can't watch BTC go up and up and not gain anything from it. I'm a lifelong fan of the 911, it's on my bucket list.

I would want several millions in the bank/real estate before considering buying a new Lambo. I like the old LP400 better anyway, but it's a rare classic car : even more expensive than a new one.

owning a 911 porsche isn´t something you will regret. I got a '76 carrera targa 3.0 and every minute I sit in this car is fun.
the thing is we only life once. better treat yourself with something nice.

[bitserve]

Feeling like I'm going to be driving that Porsche this winter !

I am curious. The guys buying high end porsches, lambos etc... Are you doing it selling a SUBSTANTIAL part of your stash (like 20-50%) or is it something more organic like 1-5% of it?

Feel free to not answer the question for privacy reasons or do it in an ambiguous way. I just want to know if you guys are acting responsibly or like if this was free money that will keep coming forever.

I'm talking about 5 BTC at 5000€ since it would be a used 911. It would be a substantial part of my stash (less than 20%) but more importantly it's about what I've spent getting that stash. After that, if BTC goes to 0, I will not have lost anything, only bought a car I maybe shouldn't have bought.

Currently I've got 3 cars, 2 donated, 1 a company car, I've never even bought one !

I understand your concern, but at the same time I can't watch BTC go up and up and not gain anything from it. I'm a lifelong fan of the 911, it's on my bucket list.

I would want several millions in the bank/real estate before considering buying a new Lambo. I like the old LP400 better anyway, but it's a rare classic car : even more expensive than a new one.

That sounds pretty much reasonable, yep.

From all the answers it looks like even if we all appreciate the fine cars, everyone here is also very conscious on its spending and that most of the time the "lambo" thing is more of a joke wish than a real intention. Good to know.

I was having the image of dumb guys with less than 1 million total net worth spending -maybe even before buying a proper home- like 300K in a new car... and it was hurting me.

[soullyG]

Holy shit, this rally still has legs? 

[arklan]

first time ever (i know, legendary.... it's been a rough few years) that i have a verified exchange account with money in it since the gox days. hold on to your butts guys. i might actually make a dollar or two!


...hey, 0.037365 still counts!

[jojo69]

Holy shit, this rally still has legs?  

right??

lol

$3950 and uuuuuuuuuup

[bitserve]

Please don't ruin it this time until $4000 has been crossed. We need the headlines next week.

[soullyG]

Holy shit, this rally still has legs? 

right??

lol

Every time I want to sleep we start moving up again...oh nice new ATH on Stamp 

[BlindMayorBitcorn]

Shouty guy is speechless.

[arklan]

as i once said during the ending of the movie ferngully, when i saw it in theaters back in 1992, at a very loud volume, "going UP!"

i don't think my brother will ever let me live that down.

[infofront]

Update from Masterluc: "Well, after the breakdown of the $3,500 weekly resistance - I do not see any resistance until we get to $15,000."

[bitserve]

296BTC to $4000

[bitserve]

Update from Masterluc: "Well, after the breakdown of the $3,500 weekly resistance - I do not see any resistance until we get to $15,000."

LOL

[DaRude]

I love the smell of $4k in the morning