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

[greenlion]

I don't know where you get your economics from, but what you're arguing amounts to saying that no one ever will just take a loss on anything.

If that's what you are reading then I have expressed myself poorly.
No rational actor with a classical monetary utility function will act to foreseeably incur catastrophic long term losses is about as close as I would come to that.

A miner would only rationally hold out for >$700 if he didn't anticipate needing liquidity prior to the expectation of that price arising. The marginal utility of dollars necessarily increases relative to Bitcoin if the miner has a pressing need for dollars.

[jonoiv]

Very predictable action, as i've said, will be about 2500-2550 on huobi.

But since now 4h and 6h macD's are going down, i have no clue how much further it will go, but i will pass on selling now, taking my small profits and sitting in coins this night

well on Huobi the 30min 1h, 2h, 4h, 6h, 1d, 3d, 1w.  they are all red... only 12h is green. 

If you are sleeping on bitcoin, set your price alarm.  

[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...

[Guinpen]

Would someone please explain to me why we see a sinificant 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?

[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?