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

[windjc]

I would not be surprised to see the market do what it did at 490-495 - consolidate for a day or so before making a move up to 500.  This looks like it could become a 560-590 consolidation before the next leg up.

[zimmah]

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.

I'm in a position where at the one hand I'm happy when the price increases, but in the other hand it makes me worry because I have no more fiat I can invest, and by the time I do, bitcoin will be much more expensive.

[medialab101]

Only ~900 coins to $600 on Stamps... when ppl wake up in the states I think there may be a push.

[Davyd05]

I would not be surprised to see the market do what it did at 490-495 - consolidate for a day or so before making a move up to 500.  This looks like it could become a 560-590 consolidation before the next leg up.

Unless the fiat cannons have fired all the ammo...I think it's more likely we push close to 600-650 and consolidate in there...Also we'll see if there is a steady stream of buyers it might prove that it was the new blood taking a single to hop on a train.

Last Nov I took my single from the market shaking sr1.0 off like it was nothing, I hope this years moment was the Chinese Regulators chilling out following the ending of leveraged trading and HFT fees.

[YipYip]

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.

Darkcoin will never get the mainstream adoption of BTC/LTC

this is all about new coin vitality that you are enjoying now ...if and when it comes on teh radar of any government/political/banking sector it will be firmly stomped on teh head

Enjoy your kiddie fanatsy of smoking cigarettes down the back of the bus Darkcoin coolness... i.e creating a coin that by design is made to launder money & buy drugs is really going to go down well with society & the infrastructural systems that you will need to connect with

Also welcome to teh world of anybody who has/uses DRK are now targets for law enforcement types

It has its place as ppl need to buy drugs and launder money just as hoes need to smoke da crack

but to say LTC or BTC  are to be replaced by Darkcoin is a noobs viewpoint as IMHO

DARKCOINS future look really bright to me ...lolz

[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 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.

Well, I am pretty damn confident that the next time we enter a bull run anything like a bubble - about half way through that bubble, but probably before then, LTC is going to skyrocket again. It may not go to .052 again, but it might.

I kinda hope it doesn't, as I made a 20 btc bet today that it would stay under $100 for 2014.  

Money will ALWAYS flow out of BTC into other alts during bubbles, as people look for profits and coins get pumped.

In fact, here is the best (and one of the most obvious) tip I have ever given on this forum.  

Next time we go into a bubble with giant momentum, about a week into the bubble, take 25%+ of your BTC and evenly invest it into the top 20 alt coins on Coinmarketcap.com that have not already gone up 20%.

Hold those until the top of the bubble and cash out your fortune in BTC.

I may delete this post in a few days.  

[manrus]

Huobi  

Bubble is done

[keewee]

Huobi 

Whoa! 

[oda.krell]

Hurray! New ATH at Huobi!

[Dalmar]

Is this for real or just another bitcoinwisdom glitch?

[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.

Darkcoin will never get the mainstream adoption of BTC/LTC

this is all about new coin vitality that you are enjoying now ...if and when it comes on teh radar of any government/political/banking sector it will be firmly stomped on teh head

Enjoy your kiddie fanatsy of smoking cigarettes down the back of the bus Darkcoin coolness... i.e creating a coin that by design is made to launder money & buy drugs is really going to go down well with society & the infrastructural systems that you will need to connect with

Also welcome to teh world of anybody who has/uses DRK are now targets for law enforcement types

DARKCOINS future look really bright to me ...lolz

Never owned a single DRK, never plan to. It was an example - an apt one, given that it currently has #3 market cap.

[magicmexican]

i knew it was a bug, but i kinda hoped its not

[windjc]

WELL that was a quick bull market.

[keewee]

i knew it was a bug, but i kinda hoped its not

I hate glitches like that because it stuffs up the view of the chart

[magicmexican]

how much btc needed to be bought in a single market order to get there for real?

[YipYip]

WELL that was a quick bull market.

lolz ... i think i might cash out some of my funds ....

[magicmexican]

I bet people are placing sell orders in that range now

[windjc]

WELL that was a quick bull market.

lolz ... i think i might cash out some of my funds ....

The market is already down 63% in less than 5 minutes and the new ATH was only 25% higher than the one from the old bubble (8000).

I guess Bitcoin is truly dying.

[YipYip]

I bet people are placing sell orders in that range now

rather small volume dont you think ...lolz

[Todorius]

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.

Darkcoin will never get the mainstream adoption of BTC/LTC

this is all about new coin vitality that you are enjoying now ...if and when it comes on teh radar of any government/political/banking sector it will be firmly stomped on teh head

Enjoy your kiddie fanatsy of smoking cigarettes down the back of the bus Darkcoin coolness... i.e creating a coin that by design is made to launder money & buy drugs is really going to go down well with society & the infrastructural systems that you will need to connect with

Also welcome to teh world of anybody who has/uses DRK are now targets for law enforcement types

DARKCOINS future look really bright to me ...lolz

Never owned a single DRK, never plan to. It was an example - an apt one, given that it currently has #3 market cap.

Agreed, DRK is just another regular hype.

What makes a coin succeed is the infrastructure surrounding it.
Even though privacy may be a factor, no one actually uses darkcoin, or will use it.
Merchants aren't going to accept darkcoin. Litecoin on the other hand, though it may not be technologically different from bitcoin, has a huge
network and infrastructure compared to the other alts.

LTC will be still number 2 when Darkcoin is rotting in the altcoin graveyard where all the other so-called LTC successors are rotting now, Auroracoin, etc.

I predict that LTC, together with the older, more establshed alts, will see a huge price surge in this bubble, BTC-ratio wise.
The older, the more established a coin, the better. Network and infrastructure are the key words here imho.