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

[KeyserSoze]

i got a really good feeling about breaking through 490 in the next few hours.

Have you had chocolate recently?

yes.

may i offer u this link?
https://www.euphoriachocolate.com

[Bronstad]

Stock up now!

[rohnearner]

so I'm expecting too much from next couple of months lets see what we get..! at least 700 :p call me optimistic if you want..!

[conspirosphere.tk]

[adamstgBit]

HODL!!!!

[igorr]

we mine bitcoin, you please Hödl and bitcoin and price for my new bitcoin.   

[BitChick]

Are we at "Told you so?" 

This is when we are supposed to be buying then right? 

[aminorex]

we mine bitcoin, you please Hödl and bitcoin and price for my new bitcoin.   

Indeed, I am eager to take delivery at these prices.  Much cheaper than mining.

[pepo]

Everyone please , i think that probably someone is missing the point. We are making history , hold your coins they might be your retirement in bora bora. Only about 0.1% of the world is using them of that 0.1% 10% understands how this works. I really beleive that everyone here is smart ( or just not dumb) , imagine when everyone uses it.

[dropt]

Are we at "Told you so?"  

This is when we are supposed to be buying then right?  

IMO we're definitely at Step 15, or maybe between 14 and 15.

[Hash72]

we mine bitcoin, you please Hödl and bitcoin and price for my new bitcoin.   

Indeed, I am eager to take delivery at these prices.  Much cheaper than mining.

YEP it is much cheaper than mining but all we have to put in mind that the crypto-World is unexpected .

[calmindifference]

Are we at "Told you so?"  

This is when we are supposed to be buying then right?  

IMO we're definitely at Step 15, or maybe between 14 and 15.

Hate to say it but it could be we are at 9, and 8 was on April 11

[dreamspark]

This is just painful, asks filling in up to $500 and the sellers gradually working through the bids.

[ChartBuddy]

Explanation

[KeyserSoze]

As great as Bitcoin is, it will never be as useful to the world as the Hutzler 571 Banana Slicer.
http://www.amazon.com/Hutzler-571-Banana-Slicer/product-reviews/B0047E0EII

[pepo]

I have a doubt , please only respond if you know what youre talking about . I beleive that bitcoin to usd price is stucked cause of all the alts coins that are pulling it down , if bitcoin rises an 20% againts usd , all the coins rise as equals. If bitcoin falls all the coins falls againts usd.

[windjc]

...I have been specific as the market will allow me. in 2-3 days you should remember that I am expecting for at least 580 to be touched. This is not a guess, this is analysis, and it is at stake. ...

I have to "lol" at this.

[Newfeeling]

I have a doubt , please only respond if you know what youre talking about . I beleive that bitcoin to usd price is stucked cause of all the alts coins that are pulling it down , if bitcoin rises an 20% againts usd , all the coins rise as equals. If bitcoin falls all the coins falls againts usd.

The vast majority of alt-coins have their value determined by BTC value. With the exception of LTC and a handful of other alt-coins, there's no direct means of converting fiat into these without having purchased BTC or LTC first and then exchanging them for the alt-coins. In other words, if someone wants to buy an altcoin, they more likely than not will have to buy and sell through BTC to get there.

As with any other market, speculators will throw down money in related commodities/companies/goods whenever there's a rise in the value of the primary item. It's possible that alt-coins are somehow impairing BTC, but I don't think this is a valid reason.

[dreamspark]

I have a doubt , please only respond if you know what youre talking about . I beleive that bitcoin to usd price is stucked cause of all the alts coins that are pulling it down , if bitcoin rises an 20% againts usd , all the coins rise as equals. If bitcoin falls all the coins falls againts usd.

The vast majority of alt-coins have their value determined by BTC value. With the exception of LTC and a handful of other alt-coins, there's no direct means of converting fiat into these without having purchased BTC or LTC first and then exchanging them for the alt-coins. In other words, if someone wants to buy an altcoin, they more likely than not will have to buy and sell through BTC to get there.

As with any other market, speculators will thrown down money in related commodities/companies/goods whenever there's a rise in the value of the primary item. It's possible that alt-coins are somehow impairing BTC, but I don't think this is a valid reason.

While its true that its traded on the pair you have to consider this. People are making profits off alt coins, people who buy or mine early some are making 1000's% profit. These people will want to realise some of these profits and thus sell some of the BTC they gain so what pepo is saying is certainly a factor. I mean look at black coin I made double figures BTC over two days, as did many others.

The problem with all these coins coming and dying is that people generally end up holding worthless alts and the big players and early adopters are already off with the BTC and likely selling some.

The bit in bold is not strictly true either, if you mine an alt early you can mine a lot with not a lot of hardware, yes I know that someone has to buy the BTC in the first place but the vast majority I would wager are investors BTC that they had previously, at least the people who are making money trading alts are probably general investors, I doubt too many people buy BTC to specifically buy an alt and if they do its probably to a large sum.

[Post-Cosmic]

 Is there any evidence to the belief that expansions in the bitcoin ecosystem, services & economy actually increase the price..??
...
 So why in the WORLD is there this MYTH continuing about merchant adoption, growing ecosystem = higher price? Wtf? What am I missing..?

Welcome to the forum! Hope you've had the good first 6 days. Btw. the question is off-topic for this thread but let's not be picky.

Your question is discussed for example here.

 Thanks, although as had been mentioned before, I've been lurking on here getting to know everyone quite well (just in a 1-way fashion, until last week xD) all the way since Jan 11th this year.. & first discovered crypto's months before that.

 Appreciate the link ; The detailed, well-theorized information contained at that thread, along w/ Aminorex's intriguingly sound concept of 'a cryptocurrency merely has to be in the air in between transactions/uses for its market supply to be decreased as a result', compels me to give you guys the benefit of the doubt regarding the perennial question of whether it's a myth, that transactions, adoption, end users, increase the EXCHANGE PRICE of a currency (of course they increase the value, the utility, the infrastructure, make an economy more robust & varied - no question about that - but the market price is something else).

 If you can answer me one last question however, Reptilian, irregardless of its relevance to this thread's main topic or not, I would have to begin paying regular visits to your temple ; If a market exchange (speculative) price increases because an ASK order gets moved up, taken down, or bought into, it stands to reason that in order for an underlying economy's userbase & transactions expansion to indeed raise this price, each added user/transaction has to help get sellers to MOVE or take down their sell (ask) orders, and/or increase demand pressure for buyers to eat into these ask walls?? Now if the vast majority of users, due to obvious demographic factors, already had any BTC they needed to participate in the economy, they won't be pushing any demand on these ask orders, so how will that cause sellers to raise their price..? Especially when -merchants- will then dump proceeds on the market thus increasing supply & definitely not getting these ask/bids higher..?