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

[Phil_S]

[gembitz]

fake satoshi hates Bcash ? what a shocker :-D  #Bcash4life

[AlcoHoDL]

€10k until 18 December 

I'm looking forward to it.

Have prepared a special artwork, just for the WO thread, but I'm saving it for that moment when Euro-ATH will touch 10,000 €. It looks like we are moving steadily towards it, and could get there even earlier than that. Anyway, as long as it happens in 2017 I'm more than happy!

Waiting for the meme veterans from $$$-Land to celebrate their $10k victory, which will happen at any moment now... Congrats guys!!!

Go BTC go!

[JimboToronto]

Over $9.8k both Stamp and Finex.

Go Bitcoin go.

Hahahahahaha

That does look like what would be a younger version of Jimbo...


 

Gawd no.  

I'm not swishy and I have a full white beard. I look more like my avatar (Mr. Natural).

[LewisPirenne]

Someone needs to tape a "1 mbtc" sticker to that $10 Federal Reserve Note and put caption, "Centralized, 100% pre-mined, no limit, scam, favored by drug dealers and terrorists around the world" right beneath it.

[exponential]

What's everyone going to do to celebrate if it hits 10k?  I'm contemplating a drug fueled night in a hotel or just shooting off one of those little party poppers  

Also, who remembers the $1k Bitcoin party...

[bones261]

Over $9.8k both Stamp and Finex.

Go Bitcoin go.

Hahahahahaha

That does look like what would be a younger version of Jimbo...


 

Gawd no.  

I'm not swishy and I have a full white beard. I look more like my avatar (Mr. Natural).

[TERA2]

Can someone explain exactly what gives BCH its value of $1600? Is that how much people think BTC will fail and revert to BCH or what?

[gembitz]

Over $9.8k both Stamp and Finex.

Go Bitcoin go.

Hahahahahaha

That does look like what would be a younger version of Jimbo...


 

Gawd no.  

I'm not swishy and I have a full white beard. I look more like my avatar (Mr. Natural).

    
weeeeeeeee 10K kaboom

[TERA2]

I was looking at log chart and realized something astonishing. There is always just as much gain in the rally BEFORE the ATH as after it. The post ATH rally is just more exciting and there is more volume and opportunity for daytrades.

[JimboToronto]

Also, who remembers the $1k Bitcoin party...

I do. Didn't last long though.

It wasn't the most fun for me as I was coming to realize I wasn't going to get my 50 coins back from Gox and I had <100 coins left.

Luckily 2014-5 gave me the opportunity to buy back many more than I lost.

This time I was much calmer. The day my Bitcoin stash was first worth over $1mCAD, I spent $1.2k on a new ultra-light powerful bass amp (bought with fiat) and had a few beverages.

I'm still gonna wait for the price to double a few more times before getting into my stash and making any real purchases. Anything under $10m is still just comfortable. I'd like to experience being rich before I get too old to enjoy it.

[DaRude]

Can someone explain exactly what gives BCH its value of $1600? Is that how much people think BTC will fail and revert to BCH or what?

That's how much Ver and Jihan are cashing out of BTC and feeding to their little BCH monster. Cost of trying to corner the market...

[JimboToronto]

     
weeeeeeeee 10K kaboom

LSD you say?



Still a way to go yet to $10kUSD.

Go Bitcoin go.  

[cmacwuz]

Nice observation Tera, now what does the next bearish movement hold! Does it loom as you suggest with near completion of our ~10x gain pre/post destruction of the old gox ATH.

I was not here in 2013, did people think that the run-up was the beginning of mass adoption then? Currently, I see the visibility of BTC so high, and the $$$ invested so great that it feels like we are going to be ramping up farther to the inflection of an adoption S-curve. Or maybe  the public's attention is polar and fickle, and this is just another classic example of cultish optimism seen in all around the crypto world.

Anyway, ride or die with BTC. And jam on Jimbo!

[suzanne5223]

Can someone explain exactly what gives BCH its value of $1600? Is that how much people think BTC will fail and revert to BCH or what?

Most crypto currency trader or investor usually go for coin that was supported by much wallet and exchange and bitcoin cash has support from the get go. Therefore, this help Bitcoin cash secure the top #5 in the coin cap market once it was implemented but when the situation of miner switching to bitcoin cash happened this give bitcoin cash a massive increase in price.

[JayJuanGee]

Also, who remembers the $1k Bitcoin party...

I do. Didn't last long though.

It wasn't the most fun for me as I was coming to realize I wasn't going to get my 50 coins back from Gox and I had <100 coins left.

Luckily 2014-5 gave me the opportunity to buy back many more than I lost.

This time I was much calmer. The day my Bitcoin stash was first worth over $1mCAD, I spent $1.2k on a new ultra-light powerful bass amp (bought with fiat) and had a few beverages.

I'm still gonna wait for the price to double a few more times before getting into my stash and making any real purchases. Anything under $10m is still just comfortable. I'd like to experience being rich before I get too old to enjoy it.

You don't need to disclose any further details or admit to anything; however, I am going to place you in the about 160BTC club (give or take 15 coins); therefore, having a $10million portfolio is going to require $62,500 value for bitcoins, and surely you do not need that much dough, as an old foggie to live comfortably. 

I am actually going to quibble with your target and suggest that anything in the $2million to $5million territory is going to be sufficient for you to start withdrawing some value - and surely you need not withdraw principle, because it is likely that anything you withdraw is going to be far and above your principle investment.  Therefore with a more splurgy investment, you could start withdrawing at $12,500, and the most conservative of the range, you would start withdrawing at $31k - which really I think is much too unnecessary, especially given your old foggie status.   


Hahahaha... that is called "unsolicited advice"... I concede that we all hate unsolicited advice.

[TERA2]

Nice observation Tera, now what does the next bearish movement hold! Does it loom as you suggest with near completion of our ~10x gain pre/post destruction of the old gox ATH.

I was not here in 2013, did people think that the run-up was the beginning of mass adoption then? Currently, I see the visibility of BTC so high, and the $$$ invested so great that it feels like we are going to be ramping up farther to the inflection of an adoption S-curve. Or maybe  the public's attention is polar and fickle, and this is just another classic example of cultish optimism seen in all around the crypto world.

Anyway, ride or die with BTC. And jam on Jimbo!

Of course. Every time BTC is rallying its "Bitcoin is getting big, the attitude of bitcoin has changed, and itll never crash". Its hard to make a prediction. We could go up to the moon first but probably still dip to $3K afterwards. $3K is based on the last deep horizontal support on the chart but still seems quite generous considering ATH gain is usually near-completely erased.

Watch out for all these lines as significant levels for bounces.



The red line is just an illustration and not a prediction.

[JayJuanGee]

Over $9.8k both Stamp and Finex.

Go Bitcoin go.

$10k is beginning to feel imminent and inevitable... perhaps within the hour, or two hours at most?  I am going to have to stay up for this...


Please don't let me (us) down, bitcoin!!!!!!

O.k.  I will concede that at this particular moment, I am a little bit of a party poop...........


However, I did set my bitcoin alarm at $9,951.67  (on bitstamp), so I am going to suggest that at that new price point of $9,951.67 , then $10k and above is going to be "imminent and inevitable"  - I am talking bitstamp...  - however, before that, I am going to have to go sleepy pie.  So behave yourselves, and don't be trying to avoid me by celebrating $10k on all the other exchanges, and without me or bistamp... o.k?  

[Arriemoller]

I kind of like this coin, being a cat owner and all. https://coinmarketcap.com/currencies/kittehcoin/

[windjc]

Nice observation Tera, now what does the next bearish movement hold! Does it loom as you suggest with near completion of our ~10x gain pre/post destruction of the old gox ATH.

I was not here in 2013, did people think that the run-up was the beginning of mass adoption then? Currently, I see the visibility of BTC so high, and the $$$ invested so great that it feels like we are going to be ramping up farther to the inflection of an adoption S-curve. Or maybe  the public's attention is polar and fickle, and this is just another classic example of cultish optimism seen in all around the crypto world.

Anyway, ride or die with BTC. And jam on Jimbo!

Of course. Every time BTC is rallying its "Bitcoin is getting big, the attitude of bitcoin has changed, and itll never crash". Its hard to make a prediction. We could go up to the moon first but probably still dip to $3K afterwards. $3K is based on the last deep horizontal support on the chart but still seems quite generous considering ATH gain is usually near-completely erased.

Watch out for all these lines as significant levels for bounces.



The red line is just an illustration and not a prediction.

I am happy to take a bet that we see $15k before $3k.