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

[thezerg]

I was kidding, it was a nod to proudhon.

I'm of the opinion that next bear market will be the most devastating and the longest one so far (worse than 2011) because everyone is caught up in the belief that if only they hold long enough, they cannot possibly lose out on BTC, no matter their entry price. Every dip is a buying opportunity etc.

Furthermore, the current bubble developed very quickly after only 7 months between former alltime high. So, it's a bubble on top of a bubble in the same year.

We can talk about that once we actually top out. So far, we haven't even doubled from the 266 high.

I'm of the opinion that the time elapsed between each bubble will be shorter and shorter, each will be more 'violent' and price will go up/down more drastically until we reach the 'climax' or real price discovery. Then after that more bubbles will come, but the price will increase less and less each time, and time will be longer.

We are far away for the 'climax', i think at least two more bubbles are needed.

Just my 2shatoshis  

The truth is that bubble 1 was more violent than bubble 2, (we went up x16, from 2 to 32), so I'd expect bubble 3 to be less violent than bubble 2 and 1.

Regarding singularity, is a beautiful *theoric* concept, but its painfully clear to me that nor the protocol nor the infrastructure can scale to accomodate such a "singularity", and thus I consider it pretty much of a fairy tale.

Anyhow, I will be obviously happy if it happens

Really, I feel like we went from 5 to 266 in bubble #2.  5 was a long period of stability... in April 202 so that actually x50.  The only real pullback between then and the top was the pirate disaster, and that is easily seen as artificial.  That is, its a external event that could have been triggered anytime -- not really related to the trend.

[Spaceman_Spiff]

The truth is that bubble 1 was more violent than bubble 2, (we went up x16, from 2 to 32), so I'd expect bubble 3 to be less violent than bubble 2 and 1.

Regarding singularity, is a beautiful *theoric* concept, but its painfully clear to me that nor the protocol nor the infrastructure can scale to accomodate such a "singularity", and thus I consider it pretty much of a fairy tale.

Anyhow, I will be obviously happy if it happens

Really, I feel like we went from 5 to 266 in bubble #2.  5 was a long period of stability... in April 202 so that actually x50.  The only real pullback between then and the top was the pirate disaster, and that is easily seen as artificial.  That is, its a external event that could have been triggered anytime -- not really related to the trend.

And in my mind it has always been approximately $13 to 266, so yeah, I guess it is pretty subjective.

[Rampion]

I was kidding, it was a nod to proudhon.

I'm of the opinion that next bear market will be the most devastating and the longest one so far (worse than 2011) because everyone is caught up in the belief that if only they hold long enough, they cannot possibly lose out on BTC, no matter their entry price. Every dip is a buying opportunity etc.

Furthermore, the current bubble developed very quickly after only 7 months between former alltime high. So, it's a bubble on top of a bubble in the same year.

We can talk about that once we actually top out. So far, we haven't even doubled from the 266 high.

I'm of the opinion that the time elapsed between each bubble will be shorter and shorter, each will be more 'violent' and price will go up/down more drastically until we reach the 'climax' or real price discovery. Then after that more bubbles will come, but the price will increase less and less each time, and time will be longer.

We are far away for the 'climax', i think at least two more bubbles are needed.

Just my 2shatoshis  

The truth is that bubble 1 was more violent than bubble 2, (we went up x16, from 2 to 32), so I'd expect bubble 3 to be less violent than bubble 2 and 1.

Regarding singularity, is a beautiful *theoric* concept, but its painfully clear to me that nor the protocol nor the infrastructure can scale to accomodate such a "singularity", and thus I consider it pretty much of a fairy tale.

Anyhow, I will be obviously happy if it happens

Really, I feel like we went from 5 to 266 in bubble #2.  5 was a long period of stability... in April 202 so that actually x50.  The only real pullback between then and the top was the pirate disaster, and that is easily seen as artificial.  That is, its a external event that could have been triggered anytime -- not really related to the trend.

Good point, I felt like we went from $20 to $266, but you might be right. We will see very soon anyhow, it's clear for me that we are entering in mode "bubble #3", ATH is broken and we are currently growing exponentially, let's see how long it lasts and how far we go in this one.

[plasticAiredale]

Prepare for a small correction as the east coaster cash out to buy their lunches.

[GIANNAT]

So I woke up this morning cuz this crazy btc train went by my window,and it was yelling at the top of it's lungs

"ch000000000000000 ch0000000000000000 m0therfuck0rz!!!!"

Best comment ever ahahh! I'm quoting it just to see this post again when I search the shit I've written in the past lol

[only]

But why the low volume?

[supersonic3974]

Can we get the creator of bitcoinity to show an all time high metric for each of the markets?  This would help a lot and clear up some confusion.

[mb300sd]

Seeing bitcoin rise $50... the ultimate hangover relief

[RationalSpeculator]

I hereby want to apologize to all the permabulls I have been finger pointing, cypherdoc, rampion, justusranvier and many others here.

[derpinheimer]

But why the low volume?

Because there are no coins for sale, lol.

[adamstgBit]

But why the low volume?

cuz thats gox losing market share.

go look at BTC china or any other exchange

[adamstgBit]

But why the low volume?

Because there are no coins for sale, lol.

and also this.

 

[TERA]

If you have a margin position, there are times you need to sell otherwise you will be liquidated.

[Spaceman_Spiff]

Well this thread is certainly alive again...

[only]

cuz thats gox losing market share.

go look at BTC china or any other exchange

Should be compensated by the "huge" inflow of fresh fiat, innit? It's still larger than Bitstamp.

[only]

Because there are no coins for sale, lol.

Yeah right.

[KaTXi]

Keep a look at China... Almost 2100...

[Its About Sharing]

[Miz4r]

But why the low volume?

Let's look at Bitstamp instead and you get a different picture.

[DougTanner]

All three exchanges at new ATH.