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

[Wekkel]

A rough estimate:

This is pretty much spot on.

not yet, I think. We're still in March if you make this comparison.

Would someome pay $1,000 for a currency he cannot practically use for the next few years? I think this runup may be somewhat limited this time. It gets harder for BTC to continue annual multipliers of 10-20x.

[molecular]

A rough estimate:

This is pretty much spot on.

not yet, I think. We're still in March if you make this comparison.

Would someome pay $1,000 for a currency he cannot practically use for the next few years? I think this runup may be somewhat limited this time. It gets harder for BTC to continue annual multipliers of 10-20x.

On the other hand. Prices in this range (and better market access being provided) enables some bigger shot investors to get into the game. The market can eat quite a few dollars for breakfast nowadays.

EDIT: bitcoin functions pretty well as a store-of-wealth. No need to be able to buy pizza at this point. It's however becoming increasingly possible to do so. (lieferservice.de, for example).

[miningnew]

Would someome pay $1,000 for a currency he cannot practically use for the next few years? I think this runup may be somewhat limited this time. It gets harder for BTC to continue annual multipliers of 10-20x.

If he thinks it could be worth $1,100 or even $2,000 a few month afer he bought Yes!

[micalith]

can anyone recommend a good btc price alarm which I could use to report btcchina price changes?

Cheers

Bitcoinium for Android allows you to set alarms at different price points on BTC China
https://play.google.com/store/apps/details?id=com.veken0m.cavirtex&hl=en_GB

Thanks, I tried it on my tablet, but it's not connecting to btcchina atm. Seems generally flakey with connections to exchanges, though my tablet is super-cheap and unreliable.

http://bitcointicker.co/# is okay

works a charm   

[strawbs]

A rough estimate:

This is pretty much spot on.

not yet, I think. We're still in March if you make this comparison.

Would someome pay $1,000 for a currency he cannot practically use for the next few years? I think this runup may be somewhat limited this time. It gets harder for BTC to continue annual multipliers of 10-20x.

On the other hand. Prices in this range (and better market access being provided) enables some bigger shot investors to get into the game. The market can eat quite a few dollars for breakfast nowadays.

EDIT: bitcoin functions pretty well as a store-of-wealth. No need to be able to buy pizza at this point. It's however becoming increasingly possible to do so. (lieferservice.de, for example).

Yup, the store of wealth concept is the main driver of prices at this stage, not whether you can buy day-to-day items with it.  The store of wealth value will only remain if investors think they can get their fiat back easily and quickly, whenever they want to (hence my concern in my earlier post #40716)

[gandhibt]

A rough estimate:

This is pretty much spot on.

not yet, I think. We're still in March if you make this comparison.

Would someome pay $1,000 for a currency he cannot practically use for the next few years? I think this runup may be somewhat limited this time. It gets harder for BTC to continue annual multipliers of 10-20x.

$1000/1 BTC is just ratio which comes from that there can be only 21M coins... We can start to talk about mBTC's... Bitcoin price is determinated mostly from public/investors believe of how fucking groundbreaking tech bitcoin is in the future. It is and has evolved very fast and this and many other things are creating these believes which show in price today.

There will be major correction, but price can climb to $1000 and over before that.

[crazy_rabbit]

I get the impression China is going to wait till after the weekend to reach 2000. It looks like end of week profit being realised. Which could trigger something interesting...

PS Agreed stan.distortion, it is still a technical hurdle to have a secure wallet. But good that this is being tackled.

Update: Just checking the 24 hr high low of Gox. high: 338.35  low: 281.00

While I won't risk selling. I can't imagine we will go much higher for now. I'd be happy just to hang out here for the next two weeks and pray for no bad news. It's already higher then anyone could have reasonably hoped for at this point.

[bnjmnkent]

btcchina shows tanking pattern?

[gandhibt]

In bitstamp price has rised as follows:

24h: 10%
3d: 34%
7d: 55%
30d: 150%

This is nothing. We have plenty of fuel left, don't be a stupid bear and try to make few bucks from shorting this now, high risk and low reward. Wait for low risk and high reward.

[Cablez]

$1000/1 BTC is just ratio which comes from that there can be only 21M coins... We can start to talk about mBTC's... Bitcoin price is determinated mostly from public/investors believe of how fucking groundbreaking tech bitcoin is in the future. It is and has evolved very fast and this and many other things are creating these believes which show in price today.

There will be major correction, but price can climb to $1000 and over before that.

Look at Twitter for comparison, its just a micro-blogging site/social media company and it is worth $30billion as of yesterday.  I do not believe it is anywhere near BTC in terms of being globally useful and a disruptive tech for the future but it is worth 10x more currently.  I think BTC has more headroom, it just needs more users.

[bnjmnkent]

In bitstamp price has rised as follows:

24h: 10%
3d: 34%
7d: 55%
30d: 150%

This is nothing. We have plenty of fuel left, don't be a stupid bear and try to make few bucks from shorting this now, high risk and low reward. Wait for low risk and high reward.

I was interested in the pattern  

[gandhibt]

In bitstamp price has rised as follows:

24h: 10%
3d: 34%
7d: 55%
30d: 150%

This is nothing. We have plenty of fuel left, don't be a stupid bear and try to make few bucks from shorting this now, high risk and low reward. Wait for low risk and high reward.

I was interested in the pattern  

Sry, my post was not reply to your post. =)

[bnjmnkent]

np, interesting anyways. Thank you.

[BitchicksHusband]

A rough estimate:

This is pretty much spot on.

not yet, I think. We're still in March if you make this comparison.

Would someome pay $1,000 for a currency he cannot practically use for the next few years? I think this runup may be somewhat limited this time. It gets harder for BTC to continue annual multipliers of 10-20x.

On the other hand. Prices in this range (and better market access being provided) enables some bigger shot investors to get into the game. The market can eat quite a few dollars for breakfast nowadays.

EDIT: bitcoin functions pretty well as a store-of-wealth. No need to be able to buy pizza at this point. It's however becoming increasingly possible to do so. (lieferservice.de, for example).

And in America, you can buy Papa John's pizza gift cards on Gyft or eGifter.  (And they don't cost BTC10,000.)

[DougTanner]

Gox just hit $340, wow. And here I thought things were slowing down.

[ChartBuddy]

[gizmoh]

btcchina shows tanking pattern?

Yep a psychological barrier ahead, but i have the impression Gox gonna lead the game with bid pressure increasing.

[ag@th0s]

can anyone recommend a good btc price alarm which I could use to report btcchina price changes?

Cheers

Bitcoinium for Android allows you to set alarms at different price points on BTC China
https://play.google.com/store/apps/details?id=com.veken0m.cavirtex&hl=en_GB

Thanks, I tried it on my tablet, but it's not connecting to btcchina atm. Seems generally flakey with connections to exchanges, though my tablet is super-cheap and unreliable.

http://bitcointicker.co/# is okay

works a charm   

Works well on my Nexus 4 - the api at BTCCHina seemed to hang for about 10 mins but it's updating for me now.

[DougTanner]

Stamp says "me too".

[Spaceman_Spiff]

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