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

[starmman]

I have to admit I am confused.  Some of the price behavior looks quite toppish to me, but other indicators I use are very bullish.   

Me too - I've just decided to ride it and see what happens at the end - I mostly bought in at $252 so not much to lose

[JayJuanGee]

What a bunch of clowns

JPMorgan Switches Tact, Backs Bitcoin as New Gold
After Jamie Dimon drew a line in the sand for JPMorgan, calling it a ‘fraud,’ the company has once again stepped over that line, praising the digital coin as a ‘new gold.’ Analysts at JPMorgan believe that Bitcoin has changed its shape and that it could soon be joining gold as a reliable, long-term way to store wealth. Recent growth and recent changes have seen Bitcoin lean more towards being digital gold, and this is where JPMorgan see its value.

expecting a doubling action after the 11th

could well see 30000 with another double after that to about 70000

then KABOOM!!!

You seem to be referring to another Kaboom UP after $70k?    We better hang on, if that is reasonably in the works....

We gonna be too rich to even figure out what to do, if that is going to be the case, right?

actuality expecting a big dump with a bounce back and slow drop for 18months to  $10000

Ok..... that is fine... we should still be rich with a retrace from $70k to $10k...  but that would be about a 85% retrace, which seems a bit much of a retrace... but o.k.... it is understandable and We should be able to live with that and even prepare for that ..

I mean we are at a certain level of rich now, and if the price goes shooting up 5x or more and then comes down to where we are, then that is reasonably within the realm of outrageous expectations that is part of a quasi-immature paradigm shifting market.

2020 - 2021 expect $800000+ BTC

What u gonna do if it does not happen?  What you gonna do?  huh, huh, huh?

Eat something?

 

[HairyMaclairy]

This is institutional buying in preparation for Sunday. Anyone dumping against is unlikely to succeed.

Edit:  $1400 spread BfX / Gdax

[Meuh6879]

Correction time!

it's lunch time in Europa ...

[DaRude]

Is this the dip??

[BitcoinBunny]

2020 - 2021 expect $800000+ BTC

What u gonna do if it does not happen?  What you gonna do?  huh, huh, huh?

Eat something?

 

If it doesn't reach $100,000.00 by Dec 2020 I would be prepared to eat a hotdog on the same day McAfee eats his dick.

If it does reach $100.000,00 I'll eat two.

[savetherainforest]

I have to admit I am confused.  Some of the price behavior looks quite toppish to me, but other indicators I use are very bullish.  

It was supposed to reach 15k in a week or so to be conservative on the projections, and not get out of line. (5-6 days more exactly)

I'm not confident of a correction. I see just manipulation for now.

[JayJuanGee]

2020 - 2021 expect $800000+ BTC

What u gonna do if it does not happen?  What you gonna do?  huh, huh, huh?

Eat something?

 

If it doesn't reach $100,000.00 by Dec 2020 I would be prepared to eat a hotdog on the same day McAfee eats his dick.

If it does reach $100.000,00 I'll eat two.

Hey... unless you are a vegan, you are not really gambling anything by eating a hot dog...


And, look your numbers don't even line up....

McAfee seems to be an attention whore.. because he started out with a prediction of $500k and then he moved to a prediction of $1million.

That is just outrageous to expect either of those numbers.. and seems like less than a 5% chance that we would reach $500k by 2020 ...and probably less than a 2% chance to reach $1million by then.  Am I bonkers, or is Ms. McFee bonkers?  (btw.. don't answer that last question it is just rhetorical)

[BTCMILLIONAIRE]

2020 - 2021 expect $800000+ BTC

What u gonna do if it does not happen?  What you gonna do?  huh, huh, huh?

Eat something?

 

If it doesn't reach $100,000.00 by Dec 2020 I would be prepared to eat a hotdog on the same day McAfee eats his dick.

If it does reach $100.000,00 I'll eat two.

Hey... unless you are a vegan, you are not really gambling anything by eating a hot dog...


And, look your numbers don't even line up....

McAfee seems to be an attention whore.. because he started out with a prediction of $500k and then he moved to a prediction of $1million.

That is just outrageous to expect either of those numbers.. and seems like less than a 5% chance that we would reach $500k by 2020 ...and probably less than a 2% chance to reach $1million by then.  Am I bonkers, or is Ms. McFee bonkers?  (btw.. don't answer that last question it is just rhetorical)

You're bonkers. I can see how Bitcoin could reach $500k to $1000k by 2020 quite easily. But I wouldn't plan my life around those numbers.

[sirazimuth]

So that was a nice gesture to gift 37BTC to Andreas.
My guess is the donator's tax bill just went down a tad,
and Andreas' just went up....

[600watt]

Wtf coinbase goes full retard?

[BTCMILLIONAIRE]

So that was a nice gesture to gift 37BTC to Andreas.
My guess is the donator's tax bill just went down a tad,
and Andreas' just went up....

Becoming an expat is becoming more and more lucrative.

[BitcoinBunny]

2020 - 2021 expect $800000+ BTC

What u gonna do if it does not happen?  What you gonna do?  huh, huh, huh?

Eat something?

 

If it doesn't reach $100,000.00 by Dec 2020 I would be prepared to eat a hotdog on the same day McAfee eats his dick.

If it does reach $100.000,00 I'll eat two.

Hey... unless you are a vegan, you are not really gambling anything by eating a hot dog...


And, look your numbers don't even line up....

McAfee seems to be an attention whore.. because he started out with a prediction of $500k and then he moved to a prediction of $1million.

That is just outrageous to expect either of those numbers.. and seems like less than a 5% chance that we would reach $500k by 2020 ...and probably less than a 2% chance to reach $1million by then.  Am I bonkers, or is Ms. McFee bonkers?  (btw.. don't answer that last question it is just rhetorical)

Unless we are working constantly with micro Bitcoins I cannot see adoption to be that interesting to the average person beyond $100,000.00.
Heck the way the prices are now I wouldn't be able to afford a single BTC without making huge sacrifices or saving up for months, by which time I would only be able to afford probably a fraction of a BTC if prices keep rising.

I think McAfee's predictions are far too high. $50,000.00 end of 2020 would be impressive alone. let alone a factor 10x or 20x higher.

[BTCMILLIONAIRE]

Hey... unless you are a vegan, you are not really gambling anything by eating a hot dog...


And, look your numbers don't even line up....

McAfee seems to be an attention whore.. because he started out with a prediction of $500k and then he moved to a prediction of $1million.

That is just outrageous to expect either of those numbers.. and seems like less than a 5% chance that we would reach $500k by 2020 ...and probably less than a 2% chance to reach $1million by then.  Am I bonkers, or is Ms. McFee bonkers?  (btw.. don't answer that last question it is just rhetorical)

Unless we are working constantly with micro Bitcoins I cannot see adoption to be that interesting to the average person beyond $100,000.00.
Heck the way the prices are now I wouldn't be able to afford a single BTC without making huge sacrifices or saving up for months, by which time I would only be able to afford probably a fraction of a BTC if prices keep rising.

I think McAfee's predictions are far too high. $50,000.00 end of 2020 would be impressive alone. let alone a factor 10x or 20x higher.

That's what the Lightning Network etc. are meant for.

[starmman]

Am I bonkers, or is Ms. McFee bonkers?  (btw.. don't answer that last question it is just rhetorical)

LOL - I don't listen to anything he says - same with Mr DotCom

[svdleer]

Some pumping on GDAX now. Price dropped about 1K Euro

[HairyMaclairy]

Correction incoming.

[starmman]

Some pumping on GDAX now. Price dropped about 1K Euro

Yeah - just noticed a bit of a retracement - lets see how deep it is and how quickly the price jumps back...

[lightfoot]

It hit 15k last night?

At what point would a whale not sell simply because there is not enough room to stick all the fiat somewhere? I joke about the Lambo thing, and how many you can fit in a driveway, but really doesn't the utility value of money just go out the window at some point?

[lightfoot]

Likewise if institutions are buying real bitcoin, what is to keep them from shorting the fuck out of it once options start trading?

Hm.