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

[HairyMaclairy]

So, does not the price on you scare you? 2013 like the probability of a fracture?

No.  In the last 5 days I have gotten 4 new people to buy bitcoin.  People who were never interested before are phoning me asking to get in. All of them say they know it’s too late but they want to have a go.  All of them are hoping for a price drop so they can buy agressively.   If my experience is at all common, then we are only beginning. 

[TERA2]

Thatll work if this keeps up. These are just tiny movements from small timers and day traders and the natural frothiness of being at this level. Just wait till the real players with 1,000 , 10,000 , or 100,000 coins start dumping, and everyone decides it isnt such a good idea anymore.

[HairyMaclairy]

We need some more colour. Maybe someone could draw some triangles or maybe even an alligator.

[savetherainforest]

Correct me if I'm wrong, by all means, but with a spread like 50 bucks, couldn't a bot just continuously buy and sell and clean up like mad?

My gf does localbitcoins in Thailand. The price is higher in India for some reason. She gets people from India who come here, take out baht from the ATM, buy bitcoins from her and immediately sell it on the Indian exchange to get rupees, which they can then withdraw again from the ATM. The limiting factor one guy says is the daily withdraw rate on his ATM.

But this is shortlived...over the past week the baht price has gone above the US rate and is evening out with India.

I know people that sell for 30-40% higher than the exchanges. And the people that buy, they pay just for the anonymity and the trouble of not dealing with exchanges. And they see their purchase as an investment.

[jbreher]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

[HairyMaclairy]

Money badger is feeling peckish

[JayJuanGee]

Wouldn't surprise me if BTC hits $25K within 36 days (early 2018) let alone 365.

A year maybe, a month? No Fucking way. And if it does, expect a correction. Talk about going vertical...

Why don't we speak in relative terms rather than absolutes?  Look at the 30-day percentage; it's usually 60+ percent.  In recent months, we've seen it close to 100%.  If it's going to $25k, it wont take a year.  At 10% average monthly increase, $25k comes in 8 months and that would be quite sad considering the current rates of adoption - almost a let down IMHO.

I would not say that it is "sad" or a "let down" if the upward's exponential price curve became more gradual, but it just does not seem to be too realistic.  

In other words, currently we are experiencing a kind of steep upwards curve, and it is likely not to become significantly less steep until we, at least experience some kind of blow -off top.. Which could be a doubling, tripling, quadrupling or even a 10x within a very short period of time..few days to a few weeks.

Here are the confirmed sources
-snip-

You forgot the tea leaves and phrenology.  

And numerology, like JJG likes to accuse me of..

Hahahahaha...

Yeah...  A few months ago, you had a little blow up with me regarding my repetitive numerology accusations directed towards you, and soon thereafter, you have not been employing such "confirmable" BTC price dynamic "predictive techniques"...


Maybe that is why recently BTC prices have been going up so drastically?

because You are off of your previous habitual conspiratorial accusational game plan?           Perhaps?   

[Spaceman_Spiff_Original]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

We'll conveniently ignore that one  .

[TERA2]

Looks like doge wants to break out.

[hv_]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

Cool - these Tabs might be empowered by AXA or BS patented ?

 

Looks very good prepared.

[ghandi]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

We'll conveniently ignore that one  .

What did i miss? What is a "Bitcoin Tab"?

[HairyMaclairy]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

We'll conveniently ignore that one   .

What did i miss? What is a "Bitcoin Tab"?

Ignore it.  It’s just Bcash shilling.  It was really clever for Coinbase to announce that Bcash would be released but delayed for 3 months.  Because you have these thousands of Coinbase customers whose Bcash is locked up so they can’t sell.  So they turn into desperate shills trying to prop up the price and we have to listen to their drivel for months on end. And of course only the dumb ones would leave their coins on Coinbase during the fork like that anyway, so they are particularly susceptible to populist bullshit stories like the Flippening.

By now some have been doing it for so long they actually believe their own press.

Well played.  

[HairyMaclairy]

Looks like doge wants to break out.

https://youtu.be/GqMNUPx3MJM

[BitcoinBunny]

The UK and the European Union are going to "regulate" Bitcoin.
That's right boys, we are all criminals.

Also if you kiss a girl or boy under the mistletoe this year you could be done for rape here in the UK, even though we barely have enough police to stop terrorism, theft or robbery.
Good job!
However if you are Harvey Weinstein or Kevin Spacey it's fine.



http://www.telegraph.co.uk/news/2017/12/03/bitcoin-crackdown-amid-fears-money-laundering-tax-dodging/

[TERA2]

Just pay your god damn taxes.

[BitcoinBunny]

Just pay your god damn taxes.

Tell that to Mr Zuckerberg, Jeff Bezos, Google, Philip Green and Lewis Hamilton.

[jbreher]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

We'll conveniently ignore that one   .

What did i miss? What is a "Bitcoin Tab"?

Ignore it.  It’s just Bcash shilling.   

?

I what way can a clear statement by Adam Back -- CEO of Blockstream -- be construed as "Bcash shilling"?

?

[mestar]

I’m a harder bull than many in this thread.  I have a 5 year price forecast of US$150 - 500k.  The reason is because I believe that Bitcoin has been mischaracterised as an asset when it is really a financial instrument.  In the period 2000 - 2007 the global value of CDOs rose from $69 billion to $1.7 trillion.  Bitcoin could easily do the same except it is starting from a higher base and has the potential for much greater capital inflows and higher market cap because it is also traded by retail investors.   So I put the market cap at $2 trillion to $5 trillion after 5 years.  This is without any disruption of the existing market system - ie the value of the US dollar remains much the same.  I have assumed for these purposes that the number of generated, non-lost, non-dust Bitcoins is somewhere less than 12 million.

I come off as a bear sometimes as I am a big fan of Nicholas Taleb in the book The Black Swan.  Looking for black swans is a bit of a hobby.

In any event, come what may, I enjoy the company of everyone on this thread as we share this historic journey.

Are you aware of the feedback loop that exists between bitcoin price and how much it spends on electricity?

[Lopumbo]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

We'll conveniently ignore that one   .

What did i miss? What is a "Bitcoin Tab"?

Ignore it.  It’s just Bcash shilling.   

?

I what way can a clear statement by Adam Back -- CEO of Blockstream -- be construed as "Bcash shilling"?

?

Not only that, even Blockstream Core developers advocate to use LTC or Dash for transactions, its hilarious
Bitcoins best days are over, currently average joe is jumping on the wagon (not understanding anything of its limitations) so i'll expect a max 2x increase by 2018

[savetherainforest]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

Nice!!! A tab... ... Cheers to that!!! Good man!!

Let it be!!! Make it SnOw!!! Let is SnOw !!!


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