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

[gentlemand]

I've spent loads of it and not replaced. Comes a point when it's all a little bit academic whether you have an extra 0.3 or so plus it makes for a fun conversation piece or excuse for family annihilation when the time is right.

Every time I spend I know perfectly well it's going to look like a disgrace in the future. That makes me feel oddly sexy. I particularly enjoy spending the proceeds of a Bcash sale.

[Ibian]

I've spent loads of it and not replaced. Comes a point when it's all a little bit academic whether you have an extra 0.3 or so plus it makes for a fun conversation piece or excuse for family annihilation when the time is right.

Every time I spend I know perfectly well it's going to look like a disgrace in the future. That makes me feel oddly sexy. I particularly enjoy spending the proceeds of a Bcash sale.

Speaking of clonecash, ath. Still haven't dumped. Too lazy. May do so in the next month or so. If I can be bothered.

[Torque]

I've spent loads of it and not replaced. Comes a point when it's all a little bit academic whether you have an extra 0.3 or so plus it makes for a fun conversation piece or excuse for family annihilation when the time is right.

Every time I spend I know perfectly well it's going to look like a disgrace in the future. That makes me feel oddly sexy. I particularly enjoy spending the proceeds of a Bcash sale.

Speaking of clonecash, ath. Still haven't dumped. Too lazy. May do so in the next month or so. If I can be bothered.

This is what most people don't get about BCash (applies to all the alts too). They just look at the price and say "hey it's going up!" But in BCash's entire existence, only about 5-6 weeks was the bch/btc ratio lower than it is right now. Meaning that if you had traded it for bitcoin at any time other than those 5-6 weeks, you would have done better and made more return.

It's worse for many of the alts.  Look at ETH. Even though ETH has more than doubled since June, if you had traded btc for eth in June you would have lost a lot of return.

[CristiTCM]

i thought with CME bitcoin price would hit 25k...big disappointment

[JimboToronto]

An extra late good morning Bitcoinland. I had to rush out at the crack of noon for an appointment and just got back.

I see we're still consolidating in the $18.3k-$19.2k range... currently $18742USD/$24116CAD (Bitcoinaverage).

Forkcoins are up so old coins are now worth $21265USD/$27359CAD each (Coinmarketcap).

After last week's rapid gains, a day or 2 of consolidation is welcome. We don't want this lovely smooth extended uptrend to start becoming a bubble.

We don't want the price to double in a few days and then come crashing down. I'd rather see doubling every few months with 20-40% corrective dips scattered in along the way. Slow and steady wins the race.

Go Bitcoin go.

[gentlemand]

i thought with CME bitcoin price would hit 25k...big disappointment

Why? They're not putting a cent into Bitcoin itself. So far CME volume is about 0.5% of Bitcoin's.

[Ibian]

I've spent loads of it and not replaced. Comes a point when it's all a little bit academic whether you have an extra 0.3 or so plus it makes for a fun conversation piece or excuse for family annihilation when the time is right.

Every time I spend I know perfectly well it's going to look like a disgrace in the future. That makes me feel oddly sexy. I particularly enjoy spending the proceeds of a Bcash sale.

Speaking of clonecash, ath. Still haven't dumped. Too lazy. May do so in the next month or so. If I can be bothered.

This is what most people don't get about BCash (applies to all the alts too). They just look at the price and say "hey it's going up!" But in BCash's entire existence, only about 5-6 weeks was the bch/btc ratio lower than it is right now. Meaning that if you had traded it for bitcoin at any time other than those 5-6 weeks, you would have done better and made more return.

It's worse for many of the alts.  Look at ETH. Even though ETH has more than doubled since June, if you had traded btc for eth in June you would have lost a lot of return.

Dumping it into spending, not coins.

[HairyMaclairy]

At Jimbo’s current rate of slippage, he will start travelling backwards through time within 2 weeks.  Then he will buy alll the bitcoins and we will all be poor again.  Bad Jimbo.

[snipie]

i thought with CME bitcoin price would hit 25k...big disappointment

I thought with Bitcoin halving price would hit $10000...big...wait what (wait for a delayed effect maybe?)

[HairyMaclairy]

Looks like the Bcash pump is targeting the difficulty retarget. Expect a spam attack and FUD around fees.  The real question is how best to profit from it.  Last chance before the Coinbase release on 1 January.

[Torque]

The real question is how best to profit from it.

Um, by dumping your bcash maybe?

[RayX12]

i thought with CME bitcoin price would hit 25k...big disappointment

The futures market has made huge news and thus many BTC traders are looking at what the futures market is doing and following suite.  
Since there are no positive BTC news the futures market could guide BTC price down until something sparks BTC buying pressure and then the futures market will have to explode upwards as well.

The question now is how far will the market goes down before it explodes again?
Given all the hype regarding the futures market and the recent huge gains in BTC this could take from hours to days.  
I dont think the BTC buying pressure and FOMO will not subside anytime soon.
20K is also an important number so it is very possible that we might remain in the 17 to 20k range for a couple more days.

We will see what happens..

[HairyMaclairy]

The real question is how best to profit from it.

Um, by dumping your bcash maybe?

Already done that. Not about to buy more.   Still have all my Bgold.  Maybe I can come up with some sort of funky arbitrage play. 

[flashbit]

An extra late good morning Bitcoinland. I had to rush out at the crack of noon for an appointment and just got back.

I see we're still consolidating in the $18.3k-$19.2k range... currently $18742USD/$24116CAD (Bitcoinaverage).

Forkcoins are up so old coins are now worth $21265USD/$27359CAD each (Coinmarketcap).

After last week's rapid gains, a day or 2 of consolidation is welcome. We don't want this lovely smooth extended uptrend to start becoming a bubble.

We don't want the price to double in a few days and then come crashing down. I'd rather see doubling every few months with 20-40% corrective dips scattered in along the way. Slow and steady wins the race.

Go Bitcoin go.

Exactly my point of view, I have expected to see it broke $20k today but it's a good news it gone slowly. (But the week only begin...)

[rjclarke2000]

Guys we are in the 18k/19k range. As someone who has been hodling since 2013 I still can not believe it. 5k seemed a dream. 1k I was dancing around the house!

[FractalUniverse]

Guys we are in the 18k/19k range. As someone who has been hodling since 2013 I still can not believe it. 5k seemed a dream. 1k I was dancing around the house!

yeah.
As someone waiting for correction since $3500 couple of months ago, I also cannot  believe it
So Im confined to alts for the time being :/ damn

[RayX12]

Guys we are in the 18k/19k range. As someone who has been hodling since 2013 I still can not believe it. 5k seemed a dream. 1k I was dancing around the house!

yeah.
As someone waiting for correction since $3500 couple of months ago, I also cannot  believe it
So Im confined to alts for the time being :/ damn

You should be happy now since the alts are caching up while BTC takes a breather.. Currently I am selling my huge gains on the alts to get back on BTC before the ALTS get crushed on the next BTC pump!!  

sooooonnn!

[FractalUniverse]

Currently I am selling my huge gains on the alts to get back on BTC before the ALTS get crushed on the next BTC pump!!  

Thats also my plan.

All this has a bittersweet taste for me;  because I got into bitcoin just 1 week before i registered here..
more than 6 years since that time when i got my first coins,and  almost everything got wrong..    

but im still kicking and hoping for better times  

[erre]

I don't know if anybody noticed it, but the price is just hovering around the WO thread page count. You should post more.

[svdleer]

About 200 BTC sell walls @GDAX in total before 19000.