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

[beetcoin]

man i love how there's so much tension now.. everybody is gearing up for some huge explosion. it's time for some excitement.. i'll never forget last year's bull run felt. it was just disbelief after disbelief.. it went from $100 to $1100.. nuts.

$5 to $260 was actually more fun, in that it took longer but was more methodical with a five or ten dollar rise everyday and was much more unexpected.  The problem now is everyone expects fireworks, all the time and for history to repeat itself, only bigger.

Its rather like a good Hollywood movie that embarks upon a run of sequels, each one is bigger and louder yet somehow leaves everyone unsatisfied.

$10 to $260 didn't last very long though.. it peaked and crashed within what, 2 weeks? i don't remember correctly, but it felt something like that. the november $120 to $1,200 lasted what seemed like at least a month. if i recall correctly, it rebounded to $800 by the end of the year.

[rpietila]

$5 to $260 was actually more fun, in that it took longer but was more methodical with a five or ten dollar rise everyday and was much more unexpected.  The problem now is everyone expects fireworks, all the time and for history to repeat itself, only bigger.

Its rather like a good Hollywood movie that embarks upon a run of sequels, each one is bigger and louder yet somehow leaves everyone unsatisfied.

The road from $0.001 to $1,000,000 has to pass through all the points in between. Just try to suffer the this year's rise without getting too bored.

[exponential]

man i love how there's so much tension now.. everybody is gearing up for some huge explosion. it's time for some excitement.. i'll never forget last year's bull run felt. it was just disbelief after disbelief.. it went from $100 to $1100.. nuts.

I agree about last years run up.  I don't think I will ever forget that feeling either.  Constant happiness coupled with not being able to do anything without checking charts every few minutes.

i wouldn't call it happiness, not for me at least. excited is more like how i felt. if i were to use the word happiness, i would have to have a feeling of being content. i guess i didn't have enough bitcoins to make me feel content with prices at $1200.

Yeah, you are right.  I guess excited is a better way to describe it for me as well.

[Davyd05]

Man couple hrs till people wake up in North America.. except the west coast

[ChartBuddy]

Explanation

[HairyMaclairy]

Welp I've been in cold hold since early March.  Still holding currently but back and watching with interest.

[YogoH]

We will be back to 666 on tuesday

[rpietila]

The more you gee people up that they'll be overnight millionaires, the more distressed they are going to be when it either takes longer or doesn't happen at all.

And when it does happen, that is a real distress that must not be overlooked. 

[Peter R]

$5 to $260 was actually more fun, in that it took longer but was more methodical with a five or ten dollar rise everyday and was much more unexpected.  The problem now is everyone expects fireworks, all the time and for history to repeat itself, only bigger.

Its rather like a good Hollywood movie that embarks upon a run of sequels, each one is bigger and louder yet somehow leaves everyone unsatisfied.

That's why we have alt-coins: for when 1,000% annual returns just aren't good enough. 

[beetcoin]

man i love how there's so much tension now.. everybody is gearing up for some huge explosion. it's time for some excitement.. i'll never forget last year's bull run felt. it was just disbelief after disbelief.. it went from $100 to $1100.. nuts.

$5 to $260 was actually more fun, in that it took longer but was more methodical with a five or ten dollar rise everyday and was much more unexpected.  The problem now is everyone expects fireworks, all the time and for history to repeat itself, only bigger.

Its rather like a good Hollywood movie that embarks upon a run of sequels, each one is bigger and louder yet somehow leaves everyone unsatisfied.

$10 to $260 didn't last very long though.. it peaked and crashed within what, 2 weeks? i don't remember correctly, but it felt something like that. the november $120 to $1,200 lasted what seemed like at least a month. if i recall correctly, it rebounded to $800 by the end of the year.

It actually took three months to get from $10 to $120...it then went vertical for a few weeks before Mark fucked up.  But that initial momentum was completely new ground, exhilarating partly because it was less expected.

@Risto, I'm not bored simply trying to point out that not only are the better things in life best savoured but that 'wham bam' action generally leaves people dissatisfied.  Ask your wife

The more you gee people up that they'll be overnight millionaires, the more distressed they are going to be when it either takes longer or doesn't happen at all.

oh that's right.. i think i got my coins in february, and then in early april it shot up to $260.. so 2 month period. it was a pretty fun bull run, i just don't remember even paying attention to bitcoin until towards the end of march.

[Cassius]

Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?

[ShroomsKit]

Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?

Yes, of course that happened after i buy back in after 10 months or so.

I could sell then now before it gets worse but then it will go up tomorrow. Guaranteed.

[Todorius]

Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?

It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.

I would never call the end of some alt too early, those little suckers are full of nasty surprises!  

[ChartBuddy]

Explanation

[Its About Sharing]

Look at the 1-day RSI chart. The pattern is repeating. If that's true, we should keep raising to 700-ish, stabilize at 600-ish for a month, and the real bubble begins at July.

everybody goes history does not repeat blah blah blah

But i agree this biatch certainly is doing a very good impression of the same thing ...

Maybe we should say humans repeating their same mistakes or humans not changing their behaviour in the context of (GREED/FEAR)

Further zooming out you will see this pattern has happened 3 times in a row

Nice Chart and very telling. Hope it plays out the same way...

[windjc]

Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?

Do you not remember way way way way way way back 6 months ago, back when it was the year 2013, long long ago, when LTC was .007 btc? 1/3 of what it is now?

Probably not, that was a long time ago.

[Cassius]

Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?

It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.

I would never call the end of some alt too early, those little suckers are full of nasty surprises!  

This is a fair point.
However, I do wonder whether the remainder of this year will see the alts better sieved for those that have some kind of value. If bitcoin is bubbling again then I guess a lot of money might come out of the alts for a 'sure thing' propped up by better public visibility.
Privacy seems to be a big deal. NXT's platform I think has got a bright future. What has Litecoin got to offer any more? Is there a reason that DRK shouldn't overtake it, for example?

[Cassius]

Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?

Do you not remember way way way way way way back 6 months ago, back when it was the year 2013, long long ago, when LTC was .007 btc? 1/3 of what it is now?

Probably not, that was a long time ago.

Sorry, not sure I follow your point. It's been uncoupled before and survived/caught up just fine, so the same could happen again?
Another fair point, though the landscape is VERY different now.

[windjc]

Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?

It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.

I would never call the end of some alt too early, those little suckers are full of nasty surprises!  

This is a fair point.
However, I do wonder whether the remainder of this year will see the alts better sieved for those that have some kind of value. If bitcoin is bubbling again then I guess a lot of money might come out of the alts for a 'sure thing' propped up by better public visibility.
Privacy seems to be a big deal. NXT's platform I think has got a bright future. What has Litecoin got to offer any more? Is there a reason that DRK shouldn't overtake it, for example?

Oh god, enough with this DRK crap for goodness sakes. Yes, there are dozens of reasons DRK will not overtake LTC.

LTC is a behemoth, with massive dispersement of coins and investors and hash power. LTC is ALSO a medium of exchange between other alts.

When DRK becomes the go to 2nd alt for exchange on BTC-E and Finex and Stamp, then maybe you can start this conversation. For now, though, DRK needs to be worried about MRO and Emunie, which have the potential to stomp a big ol hole in DRKs head and send it down the road of every other pumped coin.

[Cassius]

Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?

It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.

I would never call the end of some alt too early, those little suckers are full of nasty surprises!  

This is a fair point.
However, I do wonder whether the remainder of this year will see the alts better sieved for those that have some kind of value. If bitcoin is bubbling again then I guess a lot of money might come out of the alts for a 'sure thing' propped up by better public visibility.
Privacy seems to be a big deal. NXT's platform I think has got a bright future. What has Litecoin got to offer any more? Is there a reason that DRK shouldn't overtake it, for example?

Oh god, enough with this DRK crap for goodness sakes. Yes, there are dozens of reasons DRK will not overtake LTC.

LTC is a behemoth, with massive dispersement of coins and investors and hash power. LTC is ALSO a medium of exchange between other alts.

When DRK becomes the go to 2nd alt for exchange on BTC-E and Finex and Stamp, then maybe you can start this conversation. For now, though, DRK needs to be worried about MRO and Emunie, which have the potential to stomp a big ol hole its in DRKs head and send it down the road of every other pumped coin.

Perhaps DRK was a bad example. My general point was about why LTC is more attractive than the alternatives - which you answer above. Still, I'm not as optimistic about LTC as you are. Would new money go into LTC in sufficient quantities to allow it to keep up? In the short term, yes. Long run, not convinced.