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

[JimboToronto]

I think that there is a natural tendency for humans to 'cash out' at human-friendly prices. So I expect a fair amount of hodl > sodl at 10K Euro. Accordingly, perhaps the relevant question is not when we reach 10K, but rather when we leave it in the rearview.

Indeed. We saw this at $10kUSD. It took awhile but now hopefully it's behind us.

[jbreher]

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.

I think that there is a natural tendency for humans to 'cash out' at human-friendly prices. So I expect a fair amount of hodl > sodl at 10K Euro. Accordingly, perhaps the relevant question is not when we reach 10K, but rather when we leave it in the rearview.

Aren't you supposed to be a bear?

Said who? You need to quit stereotyping people animals. If you don't it'll turn you into a social pariah someday.

[HairyMaclairy]

Bithumb now $13,200.  Arbitrage rubber band is stretching. I hope you folks are strapped in

[Ludwig Von]

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.

I think that there is a natural tendency for humans to 'cash out' at human-friendly prices. So I expect a fair amount of hodl > sodl at 10K Euro. Accordingly, perhaps the relevant question is not when we reach 10K, but rather when we leave it in the rearview.

Aren't you supposed to be a bear?

Not a bear, just like me, it is only that we have passed only when it is really passed... . And I also see some seling @10K delaying the crossing.
On a side of that, the dips we have recently seen had, in my opion, contrary to the news on ZH, Coindesk and Telegraph, nothing to do with some external factors. More some testing of the elasticity in the system by our newcomers from the casino's. And since the normal BTC market buyers seem to be a little exhausted for the moment, I would not be surprised if we would not see a few more of these sudden out of the blue actions.

[becoin]

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.

I think that there is a natural tendency for humans to 'cash out' at human-friendly prices. So I expect a fair amount of hodl > sodl at 10K Euro. Accordingly, perhaps the relevant question is not when we reach 10K, but rather when we leave it in the rearview.

You think it wrong as always. Bitcoin-euro trade is a drop in the bucket compared to Bitcoin-dollar, yen, yuan etc trade. The rest of the world simply doesn't care that bitcoin is at 10k euro price.

[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?

But these turds need tu buy a shitload of BTC first before shorting for a big fall, or i am wrong? If i am right, price has to be pumped as hell first before that.

Someone sure as hell flooded the market with new money between the time he called bitcoin a fraud, and now that his company is calling it the "New Gold".

Let's say you had access to billions of investment dollars...  And you want to open a lot of short positions say... oh I dunno... December 10th?  What would you do with bitcoin between august and then...  and then what would you do right after Dec 10?

[erre]

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?

But these turds need tu buy a shitload of BTC first before shorting for a big fall, or i am wrong? If i am right, price has to be pumped as hell first before that.

Someone sure as hell flooded the market with new money between the time he called bitcoin a fraud, and now that his company is calling it the "New Gold".

Let's say you had access to billions of investment dollars...  And you want to open a lot of short positions say... oh I dunno... December 10th?  What would you do with bitcoin between august and then...  and then what would you do right after Dec 10?

Wut? So back to 1k because all the rally was Goldman sUcks buying btc to hedge their future epic short?

[cmacwuz]

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?

But these turds need tu buy a shitload of BTC first before shorting for a big fall, or i am wrong? If i am right, price has to be pumped as hell first before that.

Someone sure as hell flooded the market with new money between the time he called bitcoin a fraud, and now that his company is calling it the "New Gold".

Let's say you had access to billions of investment dollars...  And you want to open a lot of short positions say... oh I dunno... December 10th?  What would you do with bitcoin between august and then...  and then what would you do right after Dec 10?

I'm hoping Goldman and JP duke it out in a fit of greed. Like JP is all set for their manufactured market crash, then Goldman or Fidelity just decides game on bitch and pumps that shit. See, now BTC is the 24/7 financial arena for the old world to battle with.

You got to wonder would old financial giants see clearly and put differences aside, unite, and sling a rock at the young but growing Goliath? Or will they claw at each other?

[Ludwig Von]

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.

I think that there is a natural tendency for humans to 'cash out' at human-friendly prices. So I expect a fair amount of hodl > sodl at 10K Euro. Accordingly, perhaps the relevant question is not when we reach 10K, but rather when we leave it in the rearview.

You think it wrong as always. Bitcoin-euro trade is a drop in the bucket compared to Bitcoin-dollar, yen, yuan etc trade. The rest of the world simply doesn't care that bitcoin is at 10k euro price.

Of course the € trade is peanuts compared to USD/Yuan/Yen/Won trade. But look, the USD 12K plusminus corresponds to 10K€. So the denomination is maybe not so important, compared to the human factor.

[ghandi]

"Dear Mr. Kraken: Tear down this wall!" 

[HairyMaclairy]

Bitstamp Euro ATH 9974

Where’s the honey badger?

[AlcoHoDL]

"Dear Mr. Kraken: Tear down this wall!" 

Oh man, I'm so dying to see this!!!

[HairyMaclairy]

"Dear Mr. Kraken: Tear down this wall!"  

Oh man, I'm so dying to see this!!!

Kraken Euro 9990 ATH.

https://youtu.be/WX00QkvK-mQ

[arklan]

that wall at stamp is getting pretty steep. i'm calling another push down.

[podyx]

that wall at stamp is getting pretty steep. i'm calling another push down.

What wall?

[milkshock100]

Can anyone tell me if sending btc from coinbase is currently experiencing issues ?

Mines been pending with 0 confirmations for 30 mins or more

[BTCMILLIONAIRE]

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.

I think that there is a natural tendency for humans to 'cash out' at human-friendly prices. So I expect a fair amount of hodl > sodl at 10K Euro. Accordingly, perhaps the relevant question is not when we reach 10K, but rather when we leave it in the rearview.

Aren't you supposed to be a bear?

Said who? You need to quit stereotyping people animals. If you don't it'll turn you into a social pariah someday.

Your bench selfie. Or are you one of those genderfluid unicorns?

[arklan]

that wall at stamp is getting pretty steep. i'm calling another push down.

What wall?

well, more the general slope to get over 12000 USD...

http://www.bitcoinity.org/markets?theme=dark

[JayJuanGee]

No mansion for me, more like a a hobbit house

but off the grid, hell yeah

You saying that because you don't have enough bitcoins or because you don't want to draw attention to yourself?


By the way, we all gonna be fucked if prices reach $111k, so better have enough coins.

I mean, we gonna be so fucked in the head from RICHes that we gonna have some difficulties figuring out spending, diversification, security.. and some fucking ass new standards that are out of our regular comfort zone... so gotta kind of tentatively start planning, so we not be so shocked...

[jojo69]

Guys, just hanging at these levels is freaking amazing.

When we broke up out of the year long log channel it could have been a blow off spike...but it's not.

Sure, it will go up and down...but 11K is a reality now.  We have been up here for 3 days, and the volatility isn't even that bad, just slowly melting up.