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

[TERA2]

This is not looking good..

Sure it is.  Exhale occasionally.  Take a clean breath at $8200, and then hold it again if you like  

I think it looks good. I've seen this chart so many times in Bitcoin now starting with when it broke out from $260 to $400 and retraced back to $260. It looked just like this.

When we actually crash it goes swift and deep and isn't going to take all day or keep going back up into previous levels.

[jojo69]

Its still a for profit company that takes a 20% tax on every block.  I mean, WTF?

Anyway, people will use whatever they want, and most will lose their money.  Its human nature. 

Bitcoin.  $8000 or $11000 next?

but...but...the snarks man

oh who am I kidding, I don't even know what a snark is

[TERA2]

[JimboToronto]

Oort cloud?

Now you're making me nostalgic for the days Jaroslaw/Walsoraj.

 

[TERA2]

I guess it's more like it's flying into the sun because it's going to get regulated to death.

[JimboToronto]

I guess it's more like it's flying into the sun because it's going to get regulated to death.

Individual governments can only regulate exchanges, payment processors, etc.

They can't regulate Bitcoin.

[TERA2]

I guess it's more like it's flying into the sun because it's going to get regulated to death.

Individual governments can only regulate exchanges, payment processors, etc.

They can't regulate Bitcoin.

They can regulate exchanges and payment processors, they can pass laws that the average person will follow, and they can set up firewalls so only tech saavy users will be able to get around. Any of these will significantly lower the value. Right now at the current value we are here due to expecting massive fiat channels and big financial players with the full blessing of governments. Bitcoin will still exist without government approval, but not at this price - not for a while at least.

[Totscha]

I guess it's more like it's flying into the sun because it's going to get regulated to death.

Individual governments can only regulate exchanges, payment processors, etc.

They can't regulate Bitcoin.

They can regulate exchanges and payment processors, they can pass laws that the average person will follow, and they can set up firewalls so only tech saavy users will be able to get around. Any of these will significantly lower the value. Right now at the current value we are here due to expecting massive fiat channels and big financial players with the full blessing of governments. Bitcoin will still exist without government approval, but not at this price - not for a while at least.

Of course, it's normal for things to get very cheap on the black market once they become illegal.

[TERA2]

I'm imagining this 10 year flag where it drops back to nothing after government bans and then 10 years later it finally breaks 10,000 (or whatever ath was) again as we struggle to watch what is going on in decentralized exchanges and hand to hand transactions.

[vroom]

I'm imagining this 10 year flag where it drops back to nothing after government bans and then 10 years later it finally breaks 10,000 (or whatever ath was) again as we struggle to watch what is going on in decentralized exchanges and hand to hand transactions.

how is your dogecoin doing?

[TERA2]

Doge will be the new world currency. Not bitcoin.

[Karartma1]

Do you know why Bitcoin is doomed to reach one million per coin?
Because that way everybody will probably don't mind paying CG on a single bitcoin.

 

On a different note...
considering all the many txs I made and all the different adds I used and all the keys/wallet that I compromised (yes, that happens as well you all know that) I don't even fucking remember how many BTC I touched in my life.
How on Earth am I supposed to pay CG?

[Meuh6879]

Source : http://www.zerohedge.com/news/2017-11-30/here-are-three-questions-we-hear-most-about-bitcoin-moment

There are currently $1.1 trillion in $100 bills in global circulation, and $650 billion in high denomination euro notes. Total value: $1.7 trillion, not counting counterfeit notes that likely add 20-30% (in the case of $100 bills at least).

By comparison, bitcoin’s current total value is $167 billion, and total crypto currency outstanding is $307 billion.

The question is: what is the appropriate share for crypto currencies like bitcoin in a market defined as “fiat+crypto currencies”? At current levels, bitcoin’s share is 8%, and all cryptos combined have a 15% share.

Where could this ratio go? Here is a table to consider, assuming bitcoin remains 50% of the total crypto currency market (a fairly sticky ratio lately):

-    Bitcoin at $20,000: 14% market share of crypto+fiat paper currency market
-    Bitcoin at $50,000: 25% market share
-    Bitcoin at $100,000: 33% market share

[Spaceman_Spiff_Original]

I guess it's more like it's flying into the sun because it's going to get regulated to death.

Individual governments can only regulate exchanges, payment processors, etc.

They can't regulate Bitcoin.

They can regulate exchanges and payment processors, they can pass laws that the average person will follow, and they can set up firewalls so only tech saavy users will be able to get around. Any of these will significantly lower the value. Right now at the current value we are here due to expecting massive fiat channels and big financial players with the full blessing of governments. Bitcoin will still exist without government approval, but not at this price - not for a while at least.

Of course, it's normal for things to get very cheap on the black market once they become illegal.

That's a ludicrous comparison.  Bitcoin has a fixed supply and thus gets a higher price from more people buying in and holding.  A government ban would lower the userbase, thus dropping price.
Higher price from black market goods comes from a risk premium the producers and vendors get to charge.  They have fewer competition because not everyone is willing to go to jail.


EDIT: Time for a shot JoJo !

[JayJuanGee]

I'm imagining this 10 year flag where it drops back to nothing after government bans and then 10 years later it finally breaks 10,000 (or whatever ath was) again as we struggle to watch what is going on in decentralized exchanges and hand to hand transactions.

Imagine that either Tera did not buy enough bitcoin or sold too many, and the bearish-bullshit talk begins to wax, wane and spew from her mouths....

Sure you have these bearish tendencies, which can be reasonable, but frequently you are spewing out scenarios that are NOT in touch with real actual happenings an real actual events in order to spread FUD.

[Spaceman_Spiff_Original]

I'm imagining this 10 year flag where it drops back to nothing after government bans and then 10 years later it finally breaks 10,000 (or whatever ath was) again as we struggle to watch what is going on in decentralized exchanges and hand to hand transactions.

Imagine that either Tera did not buy enough bitcoin or sold too many, and the bearish-bullshit talk begins to wax, wane and spew from her mouths....

Sure you have these bearish tendencies, which can be reasonable, but frequently you are spewing out scenarios that are NOT in touch with real actual happenings an real actual events in order to spread FUD.

You know JJG, the higher the price goes, the more you start acting like an a-hole.

[Searing]

I'm imagining this 10 year flag where it drops back to nothing after government bans and then 10 years later it finally breaks 10,000 (or whatever ath was) again as we struggle to watch what is going on in decentralized exchanges and hand to hand transactions.

Imagine that either Tera did not buy enough bitcoin or sold too many, and the bearish-bullshit talk begins to wax, wane and spew from her mouths....

Sure you have these bearish tendencies, which can be reasonable, but frequently you are spewing out scenarios that are NOT in touch with real actual happenings an real actual events in order to spread FUD.

You know JJG, the higher the price goes, the more you start acting like an a-hole.

Hey, I resemble that remark! (cocky I get..on the price rise..)   (despondent I get on the price dump...)

conflicted

[BitcoinBunny]

Comfortably over $10K going into 2018 I can foresee.
$100,000 by the summer and $1,000,000 after the next halving in 2020 sounds totally unrealistic.
I think one of the problems at this point is that even those that hold lots of cash let alone those on the breadline are totally unaware you can buy a fraction of a coin.

But I'd happily be proven wrong.

[Spaceman_Spiff_Original]

Hey Jojo, were we supposed to drink a shot at every $10k tick?

Code:

10:54:10
10000
2.53340
10:54:06
10000
0.30136
10:54:00
10000
0.10672
10:53:58
10000
2.57997
10:53:57
9987.99
0.34552
10:53:56
10000
0.00336
10:53:55
9986.67
0.16004
10:53:55
10000
0.1
10:53:52
10000
0.09999
10:53:50
10000
0.10336
10:53:45
10000
0.1
10:53:43
9986.67
0.43549
10:53:43
10000
0.1
10:53:40
9986.76
0.27558
10:53:40
9995
0.12812
10:53:37
10000
0.1
10:53:36
9995
0.00662
10:53:35
10000
0.57118
10:53:31
10000
0.02
10:53:29
10000
2.51982
10:53:28
9995
0.35773
10:53:26
10000
0.02
10:53:22
10000
0.08126
10:53:18
10000
4.74368
10:53:15
10000
0.02
10:53:13
10000
0.28331
10:53:10
10000
2.54104
10:53:05
10000
16.4547
10:52:59
9990 

If so, I fear many liver and brain cells will die today....

[vroom]

Hey Jojo, were we supposed to drink a shot at every $10k tick?

Code:

10:54:10
10000
2.53340
10:54:06
10000
0.30136
10:54:00
10000
0.10672
10:53:58
10000
2.57997
10:53:57
9987.99
0.34552
10:53:56
10000
0.00336
10:53:55
9986.67
0.16004
10:53:55
10000
0.1
10:53:52
10000
0.09999
10:53:50
10000
0.10336
10:53:45
10000
0.1
10:53:43
9986.67
0.43549
10:53:43
10000
0.1
10:53:40
9986.76
0.27558
10:53:40
9995
0.12812
10:53:37
10000
0.1
10:53:36
9995
0.00662
10:53:35
10000
0.57118
10:53:31
10000
0.02
10:53:29
10000
2.51982
10:53:28
9995
0.35773
10:53:26
10000
0.02
10:53:22
10000
0.08126
10:53:18
10000
4.74368
10:53:15
10000
0.02
10:53:13
10000
0.28331
10:53:10
10000
2.54104
10:53:05
10000
16.4547
10:52:59
9990 

If so, I fear many liver and brain cells will die today....

just find a liver donor who accepts bitcoin.