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

[HanvanBitcoin]

According to my analysis, christmas($34k) will come 2-3 days early this year.

May your Christmas wishes come true 

[ragnar0k]

AAMOF, CBOE is openly planning it. Not that such derivative products are likely to much matter.

delusional

"[CBOE President Chris] Concannon said the exchange thinks a family of cryptocurrency products, including futures for ether and bitcoin cash, could come to fruition as the market continues to mature."
- http://www.businessinsider.com/cboes-president-hints-at-ether-and-bitcoin-cash-futures-2017-12

Not that such derivative products are likely to much matter.

Oh wait, you forgot to mention that CBOE is based on gemini http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures, which does not trade btc knock offs (but does trade ethers)

[Biro Bob]

Parabolic rises always end in tears... for somebody.


Truest words on this forum.

Or... Recovery from crash always ends up in big smiles :p
Depends on your point of view! hodlers will be happy regardless

I've been through a crash. Been underwater in bitcoin. But I didn't cry, and I didn't sell at a loss. I just DCA-ed down and hodled. And had to listen to the squawk of bears and trolls for 18 months straight.

Now I have big smile. And balls of steel.

When it happens again, I'll just do the same.

If we end the year over 10k, I’ll be happy. This is rising too quickly.

[ragnar0k]

In the meantime jp morgan says btc is the new gold. That was unexpected...
https://cointelegraph.com/news/jpmorgan-switches-tact-backs-bitcoin-as-new-gold

[Torque]

Consensus belief (or collective value is what I like to call it) is what separates something of value to the larger human collective from something that isn't valuable. It's exactly why Bitcoin can have value to a greater collective of people, whereas a near exact clone of it doesn't (no matter what it's trading price might be).

This article nails it.

https://www.theatlantic.com/business/archive/2017/11/bitcoin-delusion-conquer-world/547187/

[Rosewater Foundation]

In the meantime jp morgan says btc is the new gold. That was unexpected...
https://cointelegraph.com/news/jpmorgan-switches-tact-backs-bitcoin-as-new-gold

What a troll. I knew it.

[JimboToronto]

A late good morning Bitcoinland.

Seems we're back to going sideways in the $11k-$12k range but I've still gotta say it... another day, another ATH... currently $11773USD/$14963CAD (Bitcoinaverage).

Old coins total $13637USD/$17319CAD) each (Coinmarketcap).

We may be taking a long time to get to $12kUSD/10kEUR but that's fine with me. Slow and steady wins the race.

Go Bitcoin go.

[BTCMILLIONAIRE]

In the meantime jp morgan says btc is the new gold. That was unexpected...
https://cointelegraph.com/news/jpmorgan-switches-tact-backs-bitcoin-as-new-gold

Was it really? Or do you mean it was unexpected that they'd flip around so quickly?

[Ludwig Von]

A late good morning Bitcoinland.

Seems we're back to going sideways in the $11k-$12k range but I've still gotta say it... another day, another ATH... currently $11773USD/$14963CAD (Bitcoinaverage).

Old coins total $13637USD/$17319CAD) each (Coinmarketcap).

We nay be taking a long time to get to $12kUSD/1kEUR but that's fine with me. Slow and steady wins the race.

Go Bitcoin go.

You overestimate the value of the € Jimbo... . 

[BTCMILLIONAIRE]

A late good morning Bitcoinland.

Seems we're back to going sideways in the $11k-$12k range but I've still gotta say it... another day, another ATH... currently $11773USD/$14963CAD (Bitcoinaverage).

Old coins total $13637USD/$17319CAD) each (Coinmarketcap).

We nay be taking a long time to get to $12kUSD/1kEUR but that's fine with me. Slow and steady wins the race.

Go Bitcoin go.

You overestimate the value of the € Jimbo... . 

Maybe he has a large leverage on Euro trades.

[HairyMaclairy]

There’s something going on. Bitcoin is being unnaturally squeezed into a 20€ trading range of 9980 - 9999 on Gdax. Something has to give, and when it gives there will be a pop.  

[JimboToronto]

A late good morning Bitcoinland.

Seems we're back to going sideways in the $11k-$12k range but I've still gotta say it... another day, another ATH... currently $11773USD/$14963CAD (Bitcoinaverage).

Old coins total $13637USD/$17319CAD) each (Coinmarketcap).

We nay be taking a long time to get to $12kUSD/1kEUR but that's fine with me. Slow and steady wins the race.

Go Bitcoin go.

You overestimate the value of the € Jimbo... . 

Maybe he has a large leverage on Euro trades.

Sorry, typo. Fixed.

Still groggy, should have got a coffee into me before posting.
_____

I just checked Coinmarketcap and they say it's over 10kEUR. Bitcoinaverage, whom I trust more, say it's only 9990EUR.

Do we consider this landmark reached?

[BTCMILLIONAIRE]

A late good morning Bitcoinland.

Seems we're back to going sideways in the $11k-$12k range but I've still gotta say it... another day, another ATH... currently $11773USD/$14963CAD (Bitcoinaverage).

Old coins total $13637USD/$17319CAD) each (Coinmarketcap).

We nay be taking a long time to get to $12kUSD/1kEUR but that's fine with me. Slow and steady wins the race.

Go Bitcoin go.

You overestimate the value of the € Jimbo... . 

Maybe he has a large leverage on Euro trades.

Sorry, typo. Fixed.

Still groggy, should have got a coffee into me before posting.
_____

I just checked Coinmarketcap and they say it's over 10kEUR. Bitcoinaverage, whom I trust more, say it's only 9990EUR.

Do we consider this landmark reached?

I certainly do. Now it's just a question of leaving it behind.

[Ludwig Von]

A late good morning Bitcoinland.

Seems we're back to going sideways in the $11k-$12k range but I've still gotta say it... another day, another ATH... currently $11773USD/$14963CAD (Bitcoinaverage).

Old coins total $13637USD/$17319CAD) each (Coinmarketcap).

We nay be taking a long time to get to $12kUSD/1kEUR but that's fine with me. Slow and steady wins the race.

Go Bitcoin go.

You overestimate the value of the € Jimbo... . 

Maybe he has a large leverage on Euro trades.

Sorry, typo. Fixed.

Still groggy, should have got a coffee into me before posting.
_____

I just checked Coinmarketcap and they say it's over 10kEUR. Bitcoinaverage, whom I trust more, say it's only 9990EUR.

Do we consider this landmark reached?

Well, average has crossed a few times, but both Kraken and Stamp not yet. So for me, the landmark is not reached yet.

[salinizm]

what do you think that bitcoin prices will rise up to ? Some of the people are talking about that there will be same situations as in 2013. What do you think ?

[cAPSLOCK]

A big short is forming..?
https://www.bloomberg.com/news/articles/2017-12-04/the-next-big-short-hedge-funds-prepare-to-trade-against-bitcoin


spooked
again

Are you feeling any better about this?  The more I think about it the more it worries me...

[Rosewater Foundation]

A big short is forming..?
https://www.bloomberg.com/news/articles/2017-12-04/the-next-big-short-hedge-funds-prepare-to-trade-against-bitcoin


spooked
again

Are you feeling any better about this?  The more I think about it the more it worries me...

Nope. There will be tears. But what can you do?

[ragnar0k]

In the meantime jp morgan says btc is the new gold. That was unexpected...
https://cointelegraph.com/news/jpmorgan-switches-tact-backs-bitcoin-as-new-gold

Was it really? Or do you mean it was unexpected that they'd flip around so quickly?

Yeah, fair point... I guess was not expecting it a just few weeks after their CEO claimed it is a scam

[cAPSLOCK]

A big short is forming..?
https://www.bloomberg.com/news/articles/2017-12-04/the-next-big-short-hedge-funds-prepare-to-trade-against-bitcoin


spooked
again

Are you feeling any better about this?  The more I think about it the more it worries me...

Nope. There will be tears. But what can you do?

Oh, how I wish I could see the future.  Then I would know what to do.

[gentlemand]

A big short is forming..?
https://www.bloomberg.com/news/articles/2017-12-04/the-next-big-short-hedge-funds-prepare-to-trade-against-bitcoin


spooked
again

Are you feeling any better about this?  The more I think about it the more it worries me...

Nope. There will be tears. But what can you do?

I seem to recall someone connected here telling the story about every financial player only asking one question after being informed in detail about it - how can I short it?

This was pre late 2013.

That goes to show how clever these people are.

They may have their shiny instruments. Unlike almost every other market they play with outside stocks, there are real little people and old school whales who may have completely different plans.