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

[Dakustaking76]

Hmm what are the charts saying ?

Maybe No new ath couple of days ?

[PoolMinor]

Hmm what are the charts saying ?

Maybe No new ath couple of days ?

BBands look good, Civil War just starting, 2 weeks^TM

[niners]

mods here, deleting my posts , why? segwit coin censorship here aswell?

Theymos is still here isn't he?

[podyx]

Ascending wedge on 5m chart, should we expect another dip?

[727miner]

Anyone heard from Lily yet?

[Bitcoinaire]

Sheeit. Smell a correction comin'

I think a pullback and consolidation would be a good thing in the short-term. Then we continue the uptrend.

[Elwar]

During a quick climb people hold off on selling because they don't know how high the price will go. When it starts to level out normal trading comes back in and people sell again.

Funny thing is that with all of the crazy price action I locked in a $4k rate with an investment yesterday with someone but was traveling and couldn't get to my cold storage. I had no idea what the price would be when I finally did send the payment. The price was about the same as when we locked it in. I'm glad it returned to that price just in time, mainly because it was likely the first experience with real world spending of bitcoins for a few people and if the price had dropped $500 in that time it would sour them of the whole bitcoin thing and have them forever linking bitcoin to being "too volatile".

[yefi]

One thing is that the past 21 months have been so fucking amazing - really from $250 to $4190 - and even the 80% increase in the past couple of weeks.

Amen to that. A life-changing 21 months.

[fabiorem]

So, $3700 by wednesday, right? This is the dip everyone is predicting.

[jjacob]

During a quick climb people hold off on selling because they don't know how high the price will go. When it starts to level out normal trading comes back in and people sell again.

Funny thing is that with all of the crazy price action I locked in a $4k rate with an investment yesterday with someone but was traveling and couldn't get to my cold storage. I had no idea what the price would be when I finally did send the payment. The price was about the same as when we locked it in. I'm glad it returned to that price just in time, mainly because it was likely the first experience with real world spending of bitcoins for a few people and if the price had dropped $500 in that time it would sour them of the whole bitcoin thing and have them forever linking bitcoin to being "too volatile".

That is a lucky break. If you had transferred the bitcoins a couple of hours after you locked in the price (when it had risen to $4150) the people you sold to would have been even more happy. A gain of 4% even before they transferred the money!!

[AlexGR]

One thing is that the past 21 months have been so fucking amazing - really from $250 to $4190 - and even the 80% increase in the past couple of weeks.

Amen to that. A life-changing 21 months.

AND THE BLACK MAN SAYS "PRAISE THE LAWD !!!"

And the real amazing thing about Bitcoin is that this rocket is just getting off the launchpad. We haven't even broke free of the tower yet, if you consider the bigger picture.

Yep, and it's not at all surprising. To put things into perspective, Bitcoin hasn't even attained ...1% of gold's marketcap - which is the prime alternative to fiat as a store of value (excluding real estate).

In fact the entire bitcoin marketcap is worth just a few months of gold mining (annual production of 3200 tons is valued at ~135bn $). Again, Bitcoin's price seems high only due to the 21mn coins effect. Had it been, say, 21 billion coins, nobody would consider BTC having reached some kind of lofty target at ...4$. Yet things would be exactly the same, marketcap wise.

[JayJuanGee]

One thing is that the past 21 months have been so fucking amazing - really from $250 to $4190 - and even the 80% increase in the past couple of weeks.

Amen to that. A life-changing 21 months.

AND THE BLACK MAN SAYS "PRAISE THE LAWD !!!"

And the real amazing thing about Bitcoin is that this rocket is just getting off the launchpad. We haven't even broke free of the tower yet, if you consider the bigger picture.

Yep, and it's not at all surprising. To put things into perspective, Bitcoin hasn't even attained ...1% of gold's marketcap - which is the prime alternative to fiat as a store of value (excluding real estate).

In fact the entire bitcoin marketcap is worth just a few months of gold mining (annual production of 3200 tons is valued at ~135bn $). Again, Bitcoin's price seems high only due to the 21mn coins effect. Had it been, say, 21 billion coins, nobody would consider BTC having reached some kind of lofty target at ...4$. Yet things would be exactly the same, marketcap wise.

You seem to be asserting, in part, that bitcoin's value could be somewhere in the gold parity (john mcafee eat my dick) territory, and I think that there is some truth in that, and even with ongoing decent exponential adoption, if someone is actually good for his word, we are likely going to witness some dick eating because another 100x in 3 years, just seems way too astronomical - even though it could be more reasonably achievable in a longer period of time, maybe 10-ish years, possibly?

It is difficult to determine for sure in terms of how fast prices could rise, but there are likely to be continued bitcoin sabotage attempts in the coming years, and also manipulations to trick people out of their coins, and surely some kinds of greater developments of user-friendliness need to evolve in order for bitcoin to really achieve gold parity price territory, no?

[Lauda]

So, $3700 by wednesday, right? This is the dip everyone is predicting.

That's the dip that people who sold are hoping for.

One thing is that the past 21 months have been so fucking amazing - really from $250 to $4190 - and even the 80% increase in the past couple of weeks.

Amen to that. A life-changing 21 months.

Now think about what the coming 21 months will hold for us.

Sheeit. Smell a correction comin'

Not yet.

[Bubble Dreams]

It's time to aim high. $1 billion dollar bitcoins within 5 years. Book it.

[Asrael999]

Time to change the price to be per satoshi? Damn they're cheap you can still get 24,000 of the little guys for $1

[Asrael999]

It's time to aim high. $1 billion dollar bitcoins within 5 years. Book it.

If we get that high we'll have to come up with a fork to create micro-satoshi. That $10 a satoshi levels.

[Ludwig Von]

Not yet.
[/quote]

Point is : when, @ what level and how deep and duration... .

[soullyG]

Pushing up on ATH again, oh Bitcoin you untameable beast 

[Elwar]

Pushing up on ATH again, oh Bitcoin you untameable beast  

When the price was around $750 my sister asked if she should sell her .5 btc and my thoughts on the price.

Based on the cup and handle thing people brought up here I told her that if the price broke $800 the price would skyrocket.

Now she thinks I'm a financial genius



Is that a 3 day cup and handle I see? Break $4190 and the price will skyrocket

[JayJuanGee]

One thing is that the past 21 months have been so fucking amazing - really from $250 to $4190 - and even the 80% increase in the past couple of weeks.

Amen to that. A life-changing 21 months.

Now think about what the coming 21 months will hold for us.

Do you really think that we could get any better than the previous 21 months?  I mean really?  What happened in the previous 21 months is more than a 16x increase - I would be quite surprised to see anything close to that in the next 21 months, and if that is true, many of us BTC holders are going to have to figure out some really serious ways to strategically secure our wealth... and really to have enough will power to not sell too much too soon.  My strategy to sell 1% for every 10% rise is working kind of well (for me), even with our recent exponential growth.. although I still feel as if I have quite a bit of cash.. but that is o.k., too, kind of insurance and feels good to have some ability to buy back for the extreme dips that have not been happening..       .