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

[TERA2]

Once bitcoin was out of the bear run (transitioned into a bull run), we can still use the approximate $250 price stability point of 2015 as our starting reference.  Accordingly, it took about a year to triple to $750-ish, and then it took about 9 more months to triple again to $2,500-ish.. .and then it took about 3 months to triple again to $7,500-ish....

Funny, but I've been making this graph, to show how last 5 doubling events since $250 look like two distinct exponents:

270 days
270 days
90 days
90 days
90 days



The question is, how much longer the second exponent will last...

This graph seems to fit in the theory about the market manipulations by the "Tether Gang"

The article argues tether was stable throughout 2016 and did not start to increase until March 2017. Tether’s value seemed to take off along with Bitcoin’s dramatic rise.

https://news.bitcoin.com/tether-coin-may-be-a-precarious-us-dollar-peg/

The question is, how much longer the second exponent will last...

I have some feeling like as long as the Tetherbubble does not bother the US treasury or they get some cash-out problems by a falling bitcoin price.
The second is easy to prevent with unlimited funds (though it might get implausible if they exaggerate it) but they also get in the way of the plans of the "Bitcoin Cash Gang" to crash BTC.

I can already imagine Hollywood making a movie about this all ...  

I believe the real question is: Are we breaking into a THIRD exponent (well dub this one the "over 9000" trend), and how high would the third trend go?

[bones261]

I'm gonna LMAO if BTG over takes BCH on the charts.

We should help make that happen. In fact I'm urging all Bitcoiners who currently own BCH to trade it for moar BTG, just for the lulz.

I mean hey they're both shitty forks, but lets kill off the shittier one. Lol.

+1 Pump up that BTG shit!

https://www.youtube.com/watch?v=9EcjWd-O4jI

I'm more old school ...PUMP IT UP!  

Then really old school then!  

https://www.youtube.com/watch?v=UJOjTNuuEVw

[TERA2]

$2 to $1135 is the same as $200 to $113,500.  

Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200.

Do I remember well that drop from $266 to $50 had some technical issue/glitch, or was it completely natural?

It was initiated by downtime at MtGox as that single exchange did 80% of volume at the time.

[itod]

$2 to $1135 is the same as $200 to $113,500.  

Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200.

Do I remember well that drop from $266 to $50 had some technical issue/glitch, or was it completely natural?

It was initiated by downtime at MtGox as that single exchange did 80% of volume at the time.

Yes, that's right. MtGox was in the root of both two big dips to 20% of the previous value. Not directly, but creating the atmosphere of failure.

[Heater]

lol

https://twitter.com/BTCBanksy/status/934509530356092929

[explorer]

$2 to $1135 is the same as $200 to $113,500.  

Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200.

Do I remember well that drop from $266 to $50 had some technical issue/glitch, or was it completely natural?

It was initiated by downtime at MtGox as that single exchange did 80% of volume at the time.

Gox was just showing Kraken how to choke on volume.  Speaking of Kraken, I wonder if they got more toasters on a black friday sale?  Maybe upgrade to a 6 slice unit.  That would be nice.

[Heater]

Remember?  

One moment of silence for Tarmi, Notlambchop and others who were our constant friends at that time.  



Edit: I remember how happy everyone was once we finally moved from 220 -> 250$.

Who could forget fonzie?

https://bitcointalk.org/index.php?topic=178336.msg6107325#msg6107325

[Agapios]

Not sure if anyone already posted this, I find it very interesting

John McAfee $8000 Bitcoin is still affordable - BUY it !

https://www.youtube.com/watch?v=TuaSg9RaTAg

[TERA2]

What exactly does affordable mean in something that is so divisible? Are satoshis going to become too expensive to own one day?

[bones261]

Not sure if anyone already posted this, I find it very interesting

John McAfee $8000 Bitcoin is still affordable - BUY it !

https://www.youtube.com/watch?v=TuaSg9RaTAg

He also thinks that Jihan Wu has mined over 50% of Bitcoin and that Bitcoin only has gone through one halving.
https://twitter.com/officialmcafee/status/934212184468590592
https://twitter.com/officialmcafee/status/934228895901147136
Plus his anti-virus product sucks.

[AlcoHoDL]

Oh look. Another ATH.

And another!

Now it's risen to 7260 7270 € at Euro-land.

Looking forward to the dream I'm going to see tonight.

[BitcoinBunny]

$80 billion flowing into the Crypto markets within 24 days is astonishing.

Put it this way:

IF that rate keeps up and even if BTC is only 40% of the total crypto market.

1 BTC in one year's time: +-$35.000  

[HairyMaclairy]

Bithumb is quietly at $9025

Edit:  $9100

[DaRude]

What's up with Finex?

[HairyMaclairy]

What's up with Finex?

Edit:  I remember seeing something about going down for maintenance for 15 minutes.

[European Central Bank]

What's up with Finex?

planned maintenance.

[bones261]

What's up with Finex?

Maintenance?
https://twitter.com/bitfinex/status/934510935573745664

[savetherainforest]

What's up with Finex?

GOD!!! LOL!!! ... This is it!!!!!!!! ... More Hodlers will be born after this!

[HairyMaclairy]

ETH softening.  Most popular trade on Shapeshit ETH to BTC.

[TERA2]

I dont know what high its going to hit first but at some point it has to retrace and fill in the chart from $2000