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

[magicmexican]

Oh my god, enormous pumps coming in, last chance to buy below 700$.

[rpietila]

Of course we need new investors and their money. That's pretty obvious. But to me it is also obvious that we will get it, since Bitcoin is logically by far the best EV investment right now. This already implies best returns, but the fact that you are one of the few that knows it, implies pretty much lowest risk as well. The knowledge about Bitcoin can only increase, never decrease. Just wait until someone starts to vote with his wallet.

No-one has promised uptrend until July. That's about the time it takes.

 

[dreamspark]

In any market price is directly dependent to amount of money willing to enter the market.  

Thats not true. In any market price is directly dependent on supply and demand dynamics.

Directly related to money

Well yeah price is a unit of money.

Okay to rephrase slightly.

The amount of money willing to enter the market, offset by the amount of money wanting to leave the market.

If I said to you 100 billion is entering the market you would shout from the roofs how this means that price must go to $1mm each? Right, but what if 101 billion was willing to exit the market. Its a two way street and you cant say just the money entering the market dictates the price.

[T.Stuart]

Of course we need new investors and their money. That's pretty obvious. But to me it is also obvious that we will get it, since Bitcoin is logically by far the best EV investment right now. This already implies best returns, but the fact that you are one of the few that knows it, implies pretty much lowest risk as well. The knowledge about Bitcoin can only increase, never decrease. Just wait until someone starts to vote with his wallet.

No-one has promised uptrend until July. That's about the time it takes.
 

For the long run, I have no doubts about what you are saying. I concur wholeheartedly with the statistics!

But it is the limbo currently being set up by the Chinese government that has me worried. Can you or anyone point to an analagous situation for another type of stock, asset, commodity, etc. (some say we should not compare these things with Bitcoin but we have to start somewhere) ?

[ChartBuddy]

Explanation

[Krabby]

Oh my god, enormous pumps coming in, last chance to buy below 700$.

Is the wait making you more delusional than usual?

[niothor]

Oh my god, enormous pumps coming in, last chance to buy below 700$.

Is the wait making you more delusional than usual?

We need such bull in this thread where the usual two bears spread their "honey" everyday .

[rpietila]

Of course we need new investors and their money. That's pretty obvious. But to me it is also obvious that we will get it, since Bitcoin is logically by far the best EV investment right now. This already implies best returns, but the fact that you are one of the few that knows it, implies pretty much lowest risk as well. The knowledge about Bitcoin can only increase, never decrease. Just wait until someone starts to vote with his wallet.

No-one has promised uptrend until July. That's about the time it takes.
 

For the long run, I have no doubts about what you are saying. I concur wholeheartedly with the statistics!

But it is the limbo currently being set up by the Chinese government that has me worried. Can you or anyone point to an analagous situation for another type of stock, asset, commodity, etc. (some say we should not compare these things with Bitcoin but we have to start somewhere) ?

I have never taken the whole China debacle seriously, so I am unable to comment. Imo the bust follows a boom, and the seeds of a new boom are thus sown, and news don't matter.

If the price was trending upwards in 4 figures now, which one of you cared a shit about China? The fact that you are anxious about the price is the reason you are anxious about China, not the other way round.

Patience.

[nidhogg1]

Brothers, sisters, bulls....rejoice for the dark ages for bitcoin are soon over!

Tonight i had a dream, that the prices were constantly being pumped. We are talking well beyond one million bitcoins.

In a timespan of 5 hours the prices rose 450 > 500 > 600 > *bears become bulls* > 800 > 1100 > 1500 > *weak hands dump for a quick profit* > 1333 > 1800 > 2300!!!

The prices will rise so quickly that the bots wont be able to catch up and there will be a constant $200 gap between buy and sell.

My dreams are always prophetic, much better than sticks and chats. This is it brethren.....load up on fiat, await the signal and then...... PUUUUUUUMP!

[Searing]

Brothers, sisters, bulls....rejoice for the dark ages for bitcoin are soon over!

Tonight i had a dream, that the prices were constantly being pumped. We are talking well beyond one million bitcoins.

In a timespan of 5 hours the prices rose 450 > 500 > 600 > *bears become bulls* > 800 > 1100 > 1500 > *weak hands dump for a quick profit* > 1333 > 1800 > 2300!!!

The prices will rise so quickly that the bots wont be able to catch up and there will be a constant $200 gap between buy and sell.

My dreams are always prophetic, much better than sticks and chats. This is it brethren.....load up on fiat, await the signal and then...... PUUUUUUUMP!

Hallelujah! can I get an Amen! (agnostic thou I am I'll use what I can to get bitcoin price up...shameless)

 

[niothor]

Brothers, sisters, bulls....rejoice for the dark ages for bitcoin are soon over!

Tonight i had a dream, that the prices were constantly being pumped. We are talking well beyond one million bitcoins.

In a timespan of 5 hours the prices rose 450 > 500 > 600 > *bears become bulls* > 800 > 1100 > 1500 > *weak hands dump for a quick profit* > 1333 > 1800 > 2300!!!

The prices will rise so quickly that the bots wont be able to catch up and there will be a constant $200 gap between buy and sell.

My dreams are always prophetic, much better than sticks and chats. This is it brethren.....load up on fiat, await the signal and then...... PUUUUUUUMP!

Don't eat before going to sleep. . It's bad for your health , and your dreams.

[T.Stuart]

Of course we need new investors and their money. That's pretty obvious. But to me it is also obvious that we will get it, since Bitcoin is logically by far the best EV investment right now. This already implies best returns, but the fact that you are one of the few that knows it, implies pretty much lowest risk as well. The knowledge about Bitcoin can only increase, never decrease. Just wait until someone starts to vote with his wallet.

No-one has promised uptrend until July. That's about the time it takes.
 

For the long run, I have no doubts about what you are saying. I concur wholeheartedly with the statistics!

But it is the limbo currently being set up by the Chinese government that has me worried. Can you or anyone point to an analagous situation for another type of stock, asset, commodity, etc. (some say we should not compare these things with Bitcoin but we have to start somewhere) ?

I have never taken the whole China debacle seriously, so I am unable to comment. Imo the bust follows a boom, and the seeds of a new boom are thus sown, and news don't matter.

If the price was trending upwards in 4 figures now, which one of you cared a shit about China? The fact that you are anxious about the price is the reason you are anxious about China, not the other way round.

Patience.

No problem with the long game at all. I'm in.

Just interested whether anyone can point me to a remotely similar situation - perhaps a commodity that is heavily controlled in some countries but traded freely in others - so that some understanding of the implications for the global market may be understood.

[T.Stuart]

Warren Buffet, our bitcoin bull  , once said: “wealth is the transfer of money from the impatient to the patient.”

Wasn't it that the "stock market is a wonderful way of transferring wealth from the impatient to the patient"?

Sorry to be pedantic! 

[rpietila]

Just interested whether anyone can point me to a remotely similar situation - perhaps a commodity that is heavily controlled in some countries but traded freely in others - so that some understanding of the implications for the global market may be understood.

Gold was forbidden to own in the United States between 1933 and 1974, punishable by $10,000 fine and/or 10 years imprisonment.

Meanwhile in the free world, the price went up from $20 to $195 during that period.

Background.

[T.Stuart]

Just interested whether anyone can point me to a remotely similar situation - perhaps a commodity that is heavily controlled in some countries but traded freely in others - so that some understanding of the implications for the global market may be understood.

Gold was forbidden to own in the United States between 1933 and 1974, punishable by $10,000 fine and/or 10 years imprisonment.

Meanwhile in the free world, the price went up from $20 to $195 during that period.

Background.

Thanks!

[ChartBuddy]

Explanation

[bigdave]

Are we in the midst of a pump and dump? Considering the lack of volume one wouldn't think so but with the price having been slightly increasing since about 20:00 EST last night until now I'm wondering if a dump is in our near future?

[T.Stuart]

Are we in the midst of a pump and dump? Considering the lack of volume one wouldn't think so but with the price having been slightly increasing since about 20:00 EST last night until now I'm wondering if a dump is in our near future?

Just a small fluctuation

[niothor]

Are we in the midst of a pump and dump? Considering the lack of volume one wouldn't think so but with the price having been slightly increasing since about 20:00 EST last night until now I'm wondering if a dump is in our near future?

Stop seeing pump and dumps with every 10$ price move .

[EuroTrash]

Are we in the midst of a pump and dump? Considering the lack of volume one wouldn't think so but with the price having been slightly increasing since about 20:00 EST last night until now I'm wondering if a dump is in our near future?

Wild guess: mild interest from Bitcoin 2014 conference in Amsterdam (which so far has not made any big news at all). And maybe some demoing of ATMs going on over there.