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Question: Highest price we'll see in 2022:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25527183 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
Lambie Slayer
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May 11, 2019, 10:44:03 PM

Im seriously starting to believe some type of regulator info has spread to insiders and they are buying up every coin they can. Either Bakkt or ETF approval news would be coming out around Monday if this is the case. My gut tells me something is going on, this is fucking nuts and I for one love it.
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Last of the V8s
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May 11, 2019, 10:45:11 PM

^Sunday evening sometimes for that kind of announcement.

Stamp is spot only and leading the dollar exchanges and futures.
Mrs Watanabe is also spot buying over there, and Mrs Korea.
This is just savvy retail buyers.
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May 11, 2019, 10:45:37 PM

Looking good.
At some point we will need a pullback. Would be nice to see 6k form strong support.

Great news then, but as always it would be wise to be looking ahead to the next stage.

This has now become an exponential rise. All exponential rises end in a big pullback... the only question is where is the top ?  A buyer here will inevitably be under water at some point, but it seems more likely that this is the first proper step in a bull market.

The real test is, when the sharp pullback comes, where does support come in ?  A bounce from anything over 6k will be positive (looking at a timeframe of some months)
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May 11, 2019, 10:46:03 PM

This is what organic growth looks like.  Cheesy

yeah.... that's what my casino gambler buddy bitcoin financial adviser told me.
Majormax
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May 11, 2019, 10:46:37 PM

But why would they go and buy from an exchange?

Something is cooking, for sure... but donno what.

Instant and guaranteed coins 24/7?

OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums.

Yes but.... I would think institutional investors would go directly to the big hodlers (10.000-100.000BTC) to buy directly from them.... Not go and buy from exchanges in the middle of a fucking weekend to crazily pump the price.

Are big hodlers really going to sell now ?

edit : Maybe yes, if they want to increase their stash by trading. Selling an exponential rise is the only way to do that (and get back in when prices settle down)
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May 11, 2019, 10:47:12 PM
Last edit: May 11, 2019, 11:10:55 PM by Last of the V8s

Huge support for any pullback at 6400
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May 11, 2019, 10:48:30 PM

Another thought, maybe that Russian economist guy is right, Russia is buying all the coins it can get, and other govs and central banks have figured this out and they are buying coins to because they hate Russia so much they cant let them have all the coins.

I watched the Crypto movie today. It was just BS Russian hysteria, but it did seem to paint Bitcoin in somewhat of a positive light all in all which was a pleasant surprise. The writing is what made the movie so bad, the acting was decent to good.
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May 11, 2019, 10:49:36 PM
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But why would they go and buy from an exchange?

Something is cooking, for sure... but donno what.

Instant and guaranteed coins 24/7?

OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums.

I assume all major buyers at least have a little bit parked on their fave exchanges.

mah sep'um is vine..twust meh

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May 11, 2019, 10:50:05 PM

^Sunday evening sometimes for that kind of announcement.

Stamp is spot only and leading the dollar exchanges and futures.
Mrs Watanabe is also spot buying over there, and Mrs Korea.
This is just savvy retail buyers.

If so this will end well Roll Eyes
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May 11, 2019, 10:50:15 PM

But why would they go and buy from an exchange?

Something is cooking, for sure... but donno what.

Instant and guaranteed coins 24/7?

OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums.

Yes but.... I would think institutional investors would go directly to the big hodlers (10.000-100.000BTC) to buy directly from them.... Not go and buy from exchanges in the middle of a fucking weekend to crazily pump the price.

Are big hodlers really going to sell now ?

edit : Maybe yes, if they want to increase their stash by trading. Selling an exponential rise is the only way to do that (and get back in when prices settle down)

I am speculating that some of the HUGE holders could be interested in taking the opportunity to diversify part of their huge stash already. Maybe I am wrong.
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May 11, 2019, 10:55:49 PM

But why would they go and buy from an exchange?

Something is cooking, for sure... but donno what.

Instant and guaranteed coins 24/7?

OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums.

Yes but.... I would think institutional investors would go directly to the big hodlers (10.000-100.000BTC) to buy directly from them.... Not go and buy from exchanges in the middle of a fucking weekend to crazily pump the price.

Maybe the big holders don’t want to sell
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May 11, 2019, 10:57:18 PM

7300$  Shocked Any predictions where the price will stop growing? Lips sealed Investors will fall to the FOMO soon.
bitserve
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May 11, 2019, 11:01:53 PM

But why would they go and buy from an exchange?

Something is cooking, for sure... but donno what.

Instant and guaranteed coins 24/7?

OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums.

Yes but.... I would think institutional investors would go directly to the big hodlers (10.000-100.000BTC) to buy directly from them.... Not go and buy from exchanges in the middle of a fucking weekend to crazily pump the price.

Maybe the big holders don’t want to sell

Yeah, it could also be a possibility that after months trying to negotiate with them with no success they had to resort to exchanges.... who knows...

Anyway.... this has been already one of the longer rallys with no significant correction. It's starting to get scary in the short term. Absolutely nice in the medium/long term.
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May 11, 2019, 11:02:49 PM


Still waiting SEC - 16 may
VanEck SolidX Bitcoin Trust - 21 may

This might be your news Lambie
(thanks Roman!)
They usually announce the delay for these ETFs a few days early.
SEC insiders buying to dump tomorrow night...?
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May 11, 2019, 11:03:53 PM

7300$  Shocked Any predictions where the price will stop growing? Lips sealed Investors will fall to the FOMO soon.

No one knows.  Peter Brandt doesn’t. 

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May 11, 2019, 11:05:41 PM

Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.

That limits the amount of coins available for sale to institutions
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May 11, 2019, 11:06:33 PM

bitcoin pumpin' hard
gembitz in weeeee disbelief
r0ach hatin' silver
Majormax
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May 11, 2019, 11:07:15 PM
Last edit: May 11, 2019, 11:21:59 PM by Majormax

7300$  Shocked Any predictions where the price will stop growing? Lips sealed Investors will fall to the FOMO soon.

No, but a pullback to 6200 would be very likely in the medium term, in order to test support. That gives a 15% edge from here, to increase a traders stash.

Of course could go higher than $7300, but the low 6k's will need a test of some kind, sometime. A quick look at the chart shows how much work was done with 6k as a base.

This run is in a very short timeframe.
spiderbrain
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May 11, 2019, 11:07:21 PM

But why would they go and buy from an exchange?

Something is cooking, for sure... but donno what.

Instant and guaranteed coins 24/7?

OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums.

Yes but.... I would think institutional investors would go directly to the big hodlers (10.000-100.000BTC) to buy directly from them.... Not go and buy from exchanges in the middle of a fucking weekend to crazily pump the price.

Maybe the big holders don’t want to sell

Big holders made plenty at the last peak, unless they are idiots. This is rising too fast, though, I doubt it will last. Maybe a cup and handle after a bounce off $20k?
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May 11, 2019, 11:08:02 PM

Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.

That limits the amount of coins available for sale to institutions

That makes sense. A lot.
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