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

[HairyMaclairy]

Meanwhile the main Australian exchange is stuck at A$15,000 (US$11,300)

[iTradeChips]

Buying frenzy on GDAX right now.  Making my head spin.  $10,800

This is a very interesting thing to observe with, with Bitcoin going over the 10,000 dollar mark. Many people are starting to know more about bitcoin and many are investing heavily on this. We will see what will happen to this coin after a few more weeks.

[jbreher]

Airplanes. Thinking about a nice little Beech Sierra.

Cirrus SR22T for me. Because I need more experience before the SF50.

Like, seriously.

That the one with the little parachute? Cute idea but I'd rather land unpowered.

Well, that remains an option. Glide ratio better than your beech, or equivalent Cessna or piper.

Otoh, it's certificate this century... Rather than the fifties like those old school airframes.

Did you take a gander at the SF50?

[jojo69]

Did you take a gander at the SF50?

yes...and damn you, lol

[centralbanksequalsbombs]

Starting to feel the same way as I felt back on the MtGox Peak in 2013. The world is mine... Too euphoric. Also seeing too euphoric comments everywhere... Hope this one will not end up like back then...

Yeah... I hate to also be that guy, but it does feel almost exactly the same:

Nov 2013: Bitcoin dips from 800 to 600, then takes off. (First selloff)  Check
Nov 2017: Bitcoin dips from 8000 to 6000, then takes off. (First selloff) Check

Nov 2013: Bitcoin breaks 1000. Euphoria ensues.  Check
Nov 2017: Bitcoin breaks 10000. Euphoria ensues.  Check

Nov 2013: Bitcoin starts jumping 8-10% per day. Check
Nov 2017: Bitcoin starts jumping 8-10% per day. Check

Dec 2013: Bitcoin hits 1150, then majorly crashes. Major FUD bad news that no one anticipated comes out of left field.  Check
Dec 2017: ??

Well if history repeats, it's not like anyone didn't know...  

Crossing my fingers that this time it really is different.

So what's the problem? Hodl. If it is indeed a pattern, we just do it again in four years. At $100,000.

While you are correct in that you'd just have to wait another 4 years to get a new all-time high, the answer to your question of what the problem is that it will burn a lot of innocent faithful crucial new adopters distributed across nearly every country in the world. This could be bad for adoption trajectory.

The release of bitcoin futures that will be settled with no actual delivery of actual bitcoins may be the tool the central banks needed to subvert bitcoin into submission.  It may take a couple of years where things are fine and dandy for them to establish dominant volume at first, but once the dominance is established, manipulate and subvert.

If either or both of above are true, there could be scenario where a new ATH may become....much tougher...

(im talking about getting past somewhere much higher than today....like 20k or 50k...passing any new ATH past here with high volume on bitcoin futures....not good)

[TERA2]

[Rosewater Foundation]

Starting to feel the same way as I felt back on the MtGox Peak in 2013. The world is mine... Too euphoric. Also seeing too euphoric comments everywhere... Hope this one will not end up like back then...

Yeah... I hate to also be that guy, but it does feel almost exactly the same:

Nov 2013: Bitcoin dips from 800 to 600, then takes off. (First selloff)  Check
Nov 2017: Bitcoin dips from 8000 to 6000, then takes off. (First selloff) Check

Nov 2013: Bitcoin breaks 1000. Euphoria ensues.  Check
Nov 2017: Bitcoin breaks 10000. Euphoria ensues.  Check

Nov 2013: Bitcoin starts jumping 8-10% per day. Check
Nov 2017: Bitcoin starts jumping 8-10% per day. Check

Dec 2013: Bitcoin hits 1150, then majorly crashes. Major FUD bad news that no one anticipated comes out of left field.  Check
Dec 2017: ??

Well if history repeats, it's not like anyone didn't know...  

Crossing my fingers that this time it really is different.

So what's the problem? Hodl. If it is indeed a pattern, we just do it again in four years. At $100,000.

While you are correct in that you'd just have to wait another 4 years to get a new all-time high, the answer to your question of what the problem is that it will burn a lot of innocent faithful crucial new adopters distributed across nearly every country in the world. This could be bad for adoption trajectory.

The release of bitcoin futures that will be settled with no actual delivery of actual bitcoins may be the tool the central banks needed to subvert bitcoin into submission.  It may take a couple of years where things are fine and dandy for them to establish dominant volume at first, but once the dominance is established, manipulate and subvert.

If either or both of above are true, there could be scenario where a new ATH may become....much tougher...

(im talking about getting past somewhere much higher than today....like 20k or 50k...passing any new ATH past here with high volume on bitcoin futures....not good)

Comparing 2013 to 2017 is insane. Step outside. You'll see. We're trending just below the Donald and Theresa May. Bitcoin is on the lips of the world. Wall St. would be mental to short that action.

[TERA2]

People in 2013: "Comparing 2013 to 2011 is insane"

[Rosewater Foundation]

People in 2013: "Comparing 2013 to 2011 is insane"

your troll is lousy. that all you got?

[Rosewater Foundation]

Pro-tip: anyone in here not impossibly bullish is out to get your coins. Full stop.

[Wekkel]

People in 2013: "Comparing 2013 to 2011 is insane"

I never heard that 

[savetherainforest]

Remind me of this

https://www.youtube.com/watch?v=EL5Z5TMGZp4

[SPOILER ALTER!]



Too bad... the success rate is 3 out of 5 chicks will survive the fall and live a happy life.

(And "YES!" ... you did made me look for the extended version to see if the damn 'duck' / 'bird' / 'chick' survived the fall.)

[vroom]

Bitcoin should be 'outlawed', says Nobel prize-winning economist Joseph Stiglitz
...
the digital currency has 'no socially useful function'

source: http://www.independent.co.uk/news/business/bitcoin-latest-news-outlawed-nobel-prize-winner-joseph-stiglitz-comments-a8083416.html

[pfrtlpfmpf]

We only have 21 Million. Minus 4 Million, or so. Never forget that !

[DARKHOLDER]

We only have 21 Million. Minus 4 Million, or so. Never forget that !

Next year 20k $??

[jojo69]

Bitcoin should be 'outlawed', says Nobel prize-winning economist Joseph Stiglitz
...
the digital currency has 'no socially useful function'

source: http://www.independent.co.uk/news/business/bitcoin-latest-news-outlawed-nobel-prize-winner-joseph-stiglitz-comments-a8083416.html

dude

https://bitcointalk.org/index.php?topic=178336.msg25443008#msg25443008

[pfrtlpfmpf]

Where the heck are we headed? And is McAfee still eating his dick?

Nope !

While that is likely true that he won't be eating his dick, it is also true that he doubled down - $1M by 2020 or else.

Where ? no way ! I´ll back him up.
1 Mio by 2020. Easy ! 

[vroom]

Bitcoin should be 'outlawed', says Nobel prize-winning economist Joseph Stiglitz
...
the digital currency has 'no socially useful function'

source: http://www.independent.co.uk/news/business/bitcoin-latest-news-outlawed-nobel-prize-winner-joseph-stiglitz-comments-a8083416.html

dude

https://bitcointalk.org/index.php?topic=178336.msg25443008#msg25443008

sorry, I missed that one. To many posts in the last hours

[Wekkel]

Stiglitz gives the Noble price such a bad name. Not only because of these dinosaur remarks on Bitcoin but als his quest to abolish cash. The man sounds like a total aparatsjik.

[jojo69]

sorry, I missed that one. To many posts in the last hours

the forum is moving fast, I just thought it was funny we pulled the exact same headline out of it

and yeah wekkel, his puffery about the function of government being to create the currency...for fucks sake

totally morally bankrupt