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

[gentlemand]

Would someone please explain to me why we see a ginificant price difference between different exchanges? E.g. It's 412 vs 398 on Bitstamp vs BTC-e?

Could one send fiat to BTC-e, buy BTC, send it to Bistamp, sell, and withdraw ad infinitum?

It varies by the second but BTC-e is often a little bit cheaper. I would guess that it's because you have to dick around with third party payment processors to get money on there as opposed to a single transfer from your own bank.

[JayJuanGee]

Today something dawned on me:

We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.

Despair

Don't think so. "Apathy" is more like it, imo.

I think a lot of people are getting tired of the bullshit... and probably thinking that BTC prices should be more in line with the fundamentals.. in the $750-$850 arena.

$750 valuation based on what?

Ya based on what?

For me everything seems to be pointed toward $9.99

Based on the fact he's a permanent uber-bull troll!

Yeah.. get your unsubstantiated digs in - and certainly, you are out of context, here, which seems to be your M.O. to spout out a bunch of shit, out of context.

[JayJuanGee]

How awesome it would be if this was a successful retest of $340. 

I thought that you said that you were back to being all in BTC?  Did you get into Fiat again at some time?

I specifically said I was NOT all in, just cautiously optimistic. There was a four hour cross on the MACD  that had the potential of causing a pop, and I wanted to be in a position to SELL that spike. The Next rally is extremely unlikely to start immediately after the lowest point is hit. There will be months of consolidation.

Surely, it is possible that I missed some of your posts, so thanks for the clarification.

[vonBerlichingen]

OK, could someone from China now say something about the possiblities he has.

[pjviitas]

Today something dawned on me:

We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.

Despair

Don't think so. "Apathy" is more like it, imo.

I think a lot of people are getting tired of the bullshit... and probably thinking that BTC prices should be more in line with the fundamentals.. in the $750-$850 arena.

$750 valuation based on what?

Ya based on what?

For me everything seems to be pointed toward $9.99

I already addressed this value basis question in another post. 

But if you think the current value is $9.99-ish, then you seem to really be living in a fantasy land world, and possibly, you do NOT understand various bitcoin fundamentals.

I do NOT claim to be nearly an expert on everything about bitcoin, but there is a lot of upward potential that may or may not be realized.. depending upon how world events play out. 

I am betting on BTC prices going up, though, and I believe the odds are pretty good... that we are going to be seeing upward price momentum rather than downward momentum - even though it is possible that we will continue to see downward price momentum for a couple of more months...

Does your valuation take into account the fact that Bitcoin mining as we know it will collapse very soon?

[jonoiv]

Today something dawned on me:

We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.

Despair

Don't think so. "Apathy" is more like it, imo.

I think a lot of people are getting tired of the bullshit... and probably thinking that BTC prices should be more in line with the fundamentals.. in the $750-$850 arena.

$750 valuation based on what?

Ya based on what?

For me everything seems to be pointed toward $9.99

Based on the fact he's a permanent uber-bull troll!

Yeah.. get your unsubstantiated digs in - and certainly, you are out of context, here, which seems to be your M.O. to spout out a bunch of shit, out of context.

Don't care to carry on a conversation with a delusional extremist.  I can't think of an opposing bear that would balance your strange and frankly outlandish claims.  The nearest reverse mirror image might be Igorr.  But igorr backs his claims up with some TA that does justify his point of view.   You just talk rubbish, over, and over again, a constant stream of verbal diarrhea.  The reason? I can only hazard a guess.  

[ChartBuddy]

Explanation

[Toxic2040]

Does your valuation take into account the fact that Bitcoin mining as we know it will collapse very soon?

From 47 peta to 51.5 peta in less than a week. Yup, looks like a collapse to me.  I wonder if the network will be 1 exahash before the halving.

[bitcoinsrus]

Does your valuation take into account the fact that Bitcoin mining as we know it will collapse very soon?

From 47 peta to 51.5 peta in less than a week. Yup, looks like a collapse to me.  I wonder if the network will be 1 exahash before the halving.

[Throws his 1 gb usb hasher in the trash and walks away  ]

[mah87]

I bet 200$ before the end of the week, who wanna bet ?

[magicmexican]

I am not saying its definately a bear trap, but it very well could be, thats why i am not selling now - it could go wrong very very wrong fast.

[JayJuanGee]

Today something dawned on me:

We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.

Despair

Don't think so. "Apathy" is more like it, imo.

I think a lot of people are getting tired of the bullshit... and probably thinking that BTC prices should be more in line with the fundamentals.. in the $750-$850 arena.

$750 valuation based on what?

Ya based on what?

For me everything seems to be pointed toward $9.99

I already addressed this value basis question in another post. 

But if you think the current value is $9.99-ish, then you seem to really be living in a fantasy land world, and possibly, you do NOT understand various bitcoin fundamentals.

I do NOT claim to be nearly an expert on everything about bitcoin, but there is a lot of upward potential that may or may not be realized.. depending upon how world events play out. 

I am betting on BTC prices going up, though, and I believe the odds are pretty good... that we are going to be seeing upward price momentum rather than downward momentum - even though it is possible that we will continue to see downward price momentum for a couple of more months...

Does your valuation take into account the fact that Bitcoin mining as we know it will collapse very soon?

NO it does NOT. 

I did NOT know that interesting "fact." 

Can you explain when and how and why?  And, what are your sources for your information - b/c I have NOT seen any news about this happening.

[billyjoeallen]

$750 valuation based on what?

Numerous fundamental factors and several technicals converge in this area presently.  You need to do some catchup reading.  The  bear case always boils down to fud - which is a legitimate and important factor.  The bull case always boils down to facts and logic - sometimes erroneous but on the whole fairly sound ( although exhaustive scenario analysis is of course infeasible or even impossible).  It is just possible that facts and logic will dominate in the long run. Not certain, but the upside is huge if they do.

The bear case is sustained by FUD, but it is not comprised of FUD. The bear case is that there are significant holders of large amounts of BTC with the ability to crash the market should any one of a number of things happen. They think the probability of at least one of these things happening is greater than the probability that hidden capital is going to launch a rally.

Bears also simply think that the flow of capital into BTC is going to be less than the flow out for a given amount of time. Miners would be buying their asses of right now if they had the capital to do so, because they know the price is substantially below the cost of production. So why aren't they? Coinbase price is only $2 higher than Bitstamp.

A bounce off of expected $400 support was on very low volume. We are always at the mercy of people who know more than we do.

Death Bot is on Huobi NOW! 

[Toxic2040]

I bet 200$ before the end of the week, who wanna bet ?

I will take that bet.

[aminorex]

Does your valuation take into account the fact that Bitcoin mining as we know it will collapse very soon?

If that were true - which it is not - the large holders would subsidize it or the miners would change the rules.

[rpietila]

Does your valuation take into account the fact that Bitcoin mining as we know it will collapse very soon?

If that were true - which it is not - the large holders would subsidize it or the miners would change the rules.

What's wrong with Bitcoin mining?

[pjviitas]

Today something dawned on me:

We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.

Despair

Don't think so. "Apathy" is more like it, imo.

I think a lot of people are getting tired of the bullshit... and probably thinking that BTC prices should be more in line with the fundamentals.. in the $750-$850 arena.

$750 valuation based on what?

Ya based on what?

For me everything seems to be pointed toward $9.99

I already addressed this value basis question in another post. 

But if you think the current value is $9.99-ish, then you seem to really be living in a fantasy land world, and possibly, you do NOT understand various bitcoin fundamentals.

I do NOT claim to be nearly an expert on everything about bitcoin, but there is a lot of upward potential that may or may not be realized.. depending upon how world events play out. 

I am betting on BTC prices going up, though, and I believe the odds are pretty good... that we are going to be seeing upward price momentum rather than downward momentum - even though it is possible that we will continue to see downward price momentum for a couple of more months...

Does your valuation take into account the fact that Bitcoin mining as we know it will collapse very soon?

NO it does NOT. 

I did NOT know that interesting "fact." 

Can you explain when and how and why?  And, what are your sources for your information - b/c I have NOT seen any news about this happening.

A TH/s miner pretty well uses up an entire 15A circuit breaker in your home.

How many spare 15A breakers do you think there are in a home with a 100A service?

[slapper]

The altruistic used-bitcoin salesmen asking us to buy these "cheap coins" is what turns more people off than FUDsters. I don't want a job where I buy a used bitcoin for $x, and then I need to start brainwashing other customers that they can sell it for $x+y. At some point the customer down the road is going to question the product and ask if there a cheaper way to do things that you want to do via bitcoin.

Fundamentals? Where is the balance sheet of Bitcoin Inc? Income statement, cash flow statement? Is there a P/E ratio I can go by? No it is entirely propaganda and media driven. These are the same salesmen who get pissed of when the very media has a different point of view on another given day.

Simply asking to go by scarcity of a commodity that can easily be replaced by another commodity with no tangible differences is not a sustainable.

[roslinpl]

Explanation

a little drop but still very promising before this great bitcoin week

I can't wait for tomorrow! and for another Sunday too!

[JayJuanGee]

Today something dawned on me:

We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.

Despair

Don't think so. "Apathy" is more like it, imo.

I think a lot of people are getting tired of the bullshit... and probably thinking that BTC prices should be more in line with the fundamentals.. in the $750-$850 arena.

$750 valuation based on what?

Ya based on what?

For me everything seems to be pointed toward $9.99

Based on the fact he's a permanent uber-bull troll!

Yeah.. get your unsubstantiated digs in - and certainly, you are out of context, here, which seems to be your M.O. to spout out a bunch of shit, out of context.

Don't care to carry on a conversation with a delusional extremist.  I can't think of an opposing bear that would balance your strange and frankly outlandish claims.  The nearest reverse mirror image might be Igorr.  But igorr backs his claims up with some TA that does justify his point of view.   You just talk rubbish, over, and over again, a constant stream of verbal diarrhea.  The reason? I can only hazard a guess.  

So maybe you will put me on ignore, then? 

You seem to be resorting to name calling, again, without any real basis.  I sense that it is much easier for you to stick with easy terms and conclusions rather than responding to logic or reason or good faith attempts at communicating substance.

I cannot summarize what i do in this thread as succinctly as your conclusory assertions, but sometimes I am responding to other posts, such as yours, sometimes I am talking about my own personal decision-making process when trying to decide whether to buy or sell BTC and sometimes I am trying to predict the direction of BTC prices. 

Generally, I am NOT trying to persuade others whether they should buy or sell or hodl, even though sometimes those words are in my vocabulary and i do use them from time to time to asssert a sort of prediction of the best strategy at the moment.

I have no problem with bearish predictions, except to the extent that there may be some disinformation contained within some of the bearish posts (sometimes the disinformation seems purposeful and other times such disinformation may NOT have been purposefully propagated), especially in these last several months the bearish predictions seem to have been correct b/c there has been a downward price trend, as we all know. 

Really few of us can really predict the direction of BTC prices, yet some of us just do our best to attempt to decide what to do personally to account for the risk within our own investment priorities.  This thread can be helpful to get current and historical information - if one can get passed some of the FUD information - which generally seems a lot more prevalent on the long-term bear-side of the camp.  Short-term bear may be a different story about making a prediction that may be based on actual facts to the best that they can be known.

Regarding perma-bull name.  I am generally bullish in the long term, but NOT perma-anything.  If there are facts that get me to change my perspectives about bitcoin, then I will reconsider my investment and my investment strategies.