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

[Rosewater Foundation]

If we can keep from bubbling up, we might make it to $50k-$60k before crashing to somewhere higher than we are now.

This sounds horrible.

I'll take a rise to 50k. I've got predefined sell points, so I'd take some off the table at those levels.

I've been meaning to set predefined sell points. Haven't got around to it yet.

[gembitz]

 

BTCBTCHODL<3

[Bitcoinaire]

Yeah, no doubt you had a good rebuy opportunity, even right now. But calling 3k after it was weird

I seem to recall TERA being much derided during the 2013 bubbliness for making v bearish calls. History shows vindication with knobs on.

Everyone was screaming that another bubble was around the corner, but not TERA, she called it correctly!

[savetherainforest]

Damn, this is so f"-ing bullish. 

Any idea from where all this money comes from??
Because from all these trades on the exchanges, there seems to be a shortage. 

[Rosewater Foundation]

If we can keep from bubbling up, we might make it to $50k-$60k before crashing to somewhere higher than we are now.

This sounds horrible.

I'll take a rise to 50k. I've got predefined sell points, so I'd take some off the table at those levels.

I've been meaning to set predefined sell points. Haven't got around to it yet.

Note to self: You will take 25% off the table after two more doublings. There, like a professional.

[d_eddie]

You can sell naked calls without the underlying asset with enough collateral / capital.

Naked calls on bitcoin?  Define “enough collateral”.  

20% of the nominal value?
The way I understand the rules, there's a daily +/- 20% hard limit before trading stops, and the positions are regulated daily.

[lightfoot]

Meantime that thousand dollar crash is so a few hours ago......

[HairyMaclairy]

You can sell naked calls without the underlying asset with enough collateral / capital.

Naked calls on bitcoin?  Define “enough collateral”.  

20% of the nominal value?
The way I understand the rules, there's a daily +/- 20% hard limit before trading stops, and the positions are regulated daily.

As I understand it, the 20% limit only applies to the daily market. Not sure what happens in the overnight market. 

[Heater]

Meantime that thousand dollar crash is so a few hours ago......

Bitcoin is now toats boring if it's not vertical (either up or down)

[FeArZ]

Another day, another ATH. What a boring year. 

What do you mean by source like I'm befuddled would you be able to let me know in spread words that I can get a thought regarding the source which you have specified in your post then we can undoubtedly help you on the grounds that on the off chance that you are having data then we can give you numerous data and profound detail so yes mercifully affirm me as you heard what sort of source.

[HairyMaclairy]

Venezuela to launch a state sanctioned cryptocurrency to evade US sanctions.  Not sure what this means for Bitcoin but this would definitely be the first state run crypto.   My sense is that this is a further step towards validation.

http://www.bbc.com/news/world-latin-america-42217798

[HairyMaclairy]

Isn’t it about time for someone to say bitcoin is coiling for another strike?

[Rosewater Foundation]

Bitcoin is coiling for another strike?

[HairyMaclairy]

Bitcoin is coiling for another strike?

Good. Now I say “It feels like we are still some distance from a new ATH.  We just aren’t mentally ready.” 

[Rosewater Foundation]

Bitcoin is coiling for another strike?

Good. Now I say “It feels like we are still some distance from a new ATH.  We just aren’t mentally ready.” 

Lol. I can't say that.

[Rosewater Foundation]

But we can probably expect some consolidation around moving averages before testing resistances.

[xhomerx10]

max keiser says the cost to make a bitcoin is $1OOO :-D wut

 That's likely not even the cost of the electricity required to produce one bitcoin.

[bitserve]

Another day, another ATH. What a boring year. 

What do you mean by source like I'm befuddled would you be able to let me know in spread words that I can get a thought regarding the source which you have specified in your post then we can undoubtedly help you on the grounds that on the off chance that you are having data then we can give you numerous data and profound detail so yes mercifully affirm me as you heard what sort of source.

Complete shitpost!

[JimboToronto]

Gotta love this. It corrects down by $1.3k and bounces right back up by $1.15k all within a few short hours.

Less than a year ago we were only dreaming of reaching 4 figures. Now  a grand is a couple of hours' swing.

A year ago, $50 was a "leg up". Now it's the spread between a high bid and a low ask.

It's a whole new ball game. Pity the luddites and dinosaurs who are stuck in 2013 thinking and TA. They're just wallowing deeper into the tar pits.

Keep  up or get left behind.  

[TERA2]

Gotta love this. It corrects down by $1.3k and bounces right back up by $1.15k all within a few short hours.

Less than a year ago we were only dreaming of reaching 4 figures. Now  a grand is a couple of hours' swing.

A year ago, $50 was a "leg up". Now it's the spread between a high bid and a low ask.

It's a whole new ball game. Pity the luddites and dinosaurs who are stuck in 2013 thinking and TA. They're just wallowing deeper into the tar pits.

Keep  up or get left behind.  

Youre right that now $50 is the slippage on Bitstamp. But one year ago we were already at 4 figures. Actually we reached 4 figures 4 years ago.