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

[BTCMILLIONAIRE]

What, 15,300? Yawn.... Wake me when it hits 10k.

Even $10k would only be mildly disappointing in the short term. I was ripe for a holiday break anyways, so this is quite alright.

[bitcoinPsycho]

bunCh of paniking pussies. get a grip the trend is up

[Crypto Zacker]

Hope to reach 7.5k, however 5k would be great, but at the same time worrying.

If 5k support zone is breached, well...

Also, 270k unconfirmed transactions atm. If this increase even more, start seeing people panic because they can't get their bitcoins back. And you now what happen then, fud starts, greater unconfirmed transactions stocking and fees going to the moon.

[gentlemand]

bunCh of paniking pussies. get a grip the trend is up

Give me your GPS coordinates. I need someone to hold me.

[RayX12]

Holy Sh**

Didn't expect it to get this low ...

Why not? A few short weeks ago people were predicting these prices for the end of the decade still.

Exactly. I often open this thread but it loads an earlier page. 16909 to be exact and the first post i see is

:-D
$2000 inkominggggg^!

Thats way back in May so it kinda puts things in perspective. During the massive rise since, my biggest fear was what the correction would look like and if it would be Gox scale. What is happening now is slow and measured and triggered by Bcash pump/coinbase etc, but was needed anyway.
Still bullish

Ha ha.. that would be sweet... $2000 I better get all of my cash sent to the exchange, just in case put a buy order in COINBASE at $500 and may get filled!!!  ha ha ha  

[sirazimuth]

well I guess folks need to balance checkbooks and pay credit cards after
splurging on xmas presents because of new sudden crypto-wealth.
This may apply to yours truly ,but I'm not saying....

[Torque]

This holiday season is a time of giving.

So give the gift of... ah fk it, just selfishly buy more bitcoin for yourself.

You'll thank the universe by next XMas.  

[Ibian]

Guys, please don't.

We can occasionally talk about alts, but we have a long standing disgust and disdain for XRP (aka CentralizedPreminedBankerCoin) here that goes back years and years. IMO out of all the shitcoins, Ripple might be the worst. And it just won't die.

Noted!

I think almost all of us here are > 80% BTC vs. < 20% alts anyway. So alts rising (or falling) has only fun/news significance (for me at least).

Now let's get back to BTC... Personally I don't worry too much (yet) about the drop. It was long overdue and it's a breather for the beast. Looking forward to the next upward surge, which I sense will come VERY soon, it will be BIG, and it will be the new FLOOR for next year's rally to conquer 6-digit-land!

Its been a good day for me - managed to increase my BTC holding substantially by selling so many alts - great trading conditions

 I have some capital sitting on Kraken because I'm waiting for verification and it would be a great time to buy more BTC but... Kraken sucks!!!!

Let's be fair. They are slow, like bread turning into toast, but they don't outright steal from people and they don't fuck around with arbitrary withdrawal limits.

[BTCMILLIONAIRE]

Hope to reach 7.5k, however 5k would be great, but at the same time worrying.

If 5k support zone is breached, well...

Also, 270k unconfirmed transactions atm. If this increase even more, start seeing people panic because they can't get their bitcoins back. And you now what happen then, fud starts, greater unconfirmed transactions stocking and fees going to the moon.

$5k would make me feel very warm and fuzzy.

[RejectedBanana]

[Lontonbit]

Comon bears 🐻 is that all you've got! We use to get 50% corrections back in the day. You bears are getting soft!

[alexeft]

 

Edit: I like the volume as it rises through time! 

[Wekkel]

I see some divergence on the 1 hr chart but TA is not magic. Enough to engage a trade of ‘catching falling knives’  
No guts, no Glory.

[goggles]

This holiday season is a time of giving.

So give the gift of... ah fk it, just selfishly buy more bitcoin for yourself.

You'll thank the universe by next XMas.  

I bought my family all casascius coins in 2012. They should should have hodl.

[gentlemand]

52.041962,1.194045    there you go . next bitcoin meet up here lol

Ok. On my way to the private jet now. Can you dress up like a furry?

[alexeft]

We are moving $4 billion per day. That's ~$1.4 trillion per year! Not bad, not bad!

https://blockchain.info/charts/estimated-transaction-volume-usd?daysAverageString=7&timespan=all

[Crypto Zacker]

Hope to reach 7.5k, however 5k would be great, but at the same time worrying.

If 5k support zone is breached, well...

Also, 270k unconfirmed transactions atm. If this increase even more, start seeing people panic because they can't get their bitcoins back. And you now what happen then, fud starts, greater unconfirmed transactions stocking and fees going to the moon.

$5k would make me feel very warm and fuzzy.

Of course, however remember that at 5k, btc could lose or see diminished by a lot cryptos’ share dominance, and stop to be used as indexing to the now called "alt coins" (of course I understand that with btc depreciation, we will witness the same behavior on the remain coins).

If that happen, we could see the probable shift that we will witness in the short, mid or long future, coz, apart from bitcoin being the first cryptocurrency, it’s, at its fundamentals, completely surpassed by a lot of other currencies atm.

The consensus on bitcoin's storage of value aspect that’s holding bitcoin appreciation is greatly dependent on the fact of its dominance on market share.

If this equilibrium is seriously contested, you can see a change on the paradigm, that’s why I’m saying that 5k price can be risky. However, I do believe that a healthy crash is obviously needed to bitcoin and to all crypto market, for the sake of its on existence.

[BTCMILLIONAIRE]

I don't know why this cracks me up every single time.

[BTCMILLIONAIRE]

Hope to reach 7.5k, however 5k would be great, but at the same time worrying.

If 5k support zone is breached, well...

Also, 270k unconfirmed transactions atm. If this increase even more, start seeing people panic because they can't get their bitcoins back. And you now what happen then, fud starts, greater unconfirmed transactions stocking and fees going to the moon.

$5k would make me feel very warm and fuzzy.

Of course, however remember that at 5k, btc could lose or see diminished by a lot cryptos’ share dominance, and stop to be used as indexing to the now called "alt coins" (of course I understand that with btc depreciation, we will witness the same behavior on the remain coins).

If that happen, we could see the probable shift that we will witness in the short, mid or long future, coz, apart from bitcoin being the first cryptocurrency, it’s, at its fundamentals, completely surpassed by a lot of other currencies atm.

The consensus on bitcoin's storage of value aspect that’s holding bitcoin appreciation is greatly dependent on the fact of its dominance on market share.

If this equilibrium is seriously contested, you can see a change on the paradigm, that’s why I’m saying that 5k price can be risky. However, I do believe that a healthy crash is obviously needed to bitcoin and to all crypto market, for the sake of its on existence.

The thing is that cryptos are denominated in BTC. So the USD value of most cryptos should drop significantly, unless everything started flowing from Bitcoin into other coins while simultaneously seeing BTC/USD dumps. I don't really see Bitcoin dumping (what we're seeing now is still very far from a dump) without altcoins suffering proportionally. But yes, it would be nice if fees and speed were addressed soon.

[BitcoinBunny]

50 LTC is getting very close to buying a whole BTC now. Hmmm.