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

[gentlemand]

IMO we are at a point where we have a lot of high net worth, major corps, and invesent funds investing in Bitcoin. The days of huge swings, massive outbreaks, and downward spirals are over. I think we will see peaks and valleys in the range of 2-3% possibly at a faster pace than traditional stocks rise and fall but like I said to many major players now have too much to lose not to control the price. Not only that but if more retailers are to enter the "accepting" bitcoin game then the price has to show signs of long term stability and I think that's what we are seeing here. Long term investment growth, price stability for retailers to enter bitcoin, wider acceptance by the general public who don't have the knowledge or skills to enter a highly volatile market.

That's just my guess, he'll we could be at $1,000 on Monday. Who the hell knows.

A lot of high net worth, major corps and investment funds are investing into a 8 Billion capsize, very little of which is for sale ?

Such entities investing in bitcoin in a conservative manner would bring the price at least 100 times higher.
Such entities investing in bitcoin aggressively would bring the price about 1000 times higher.

These entities still have not touched bitcoin with a pole stick.

If any big money has had a dabble it's been far away from any exchange and so there's a negligible effect on price. We're still a long, long way from them arriving in any numbers.

[ChartBuddy]

Explanation

[hdbuck]

running outta steam. bitcoin prediction price back in the $400s by the end of the month

http://www.btcpredictions.com/?submit=

sell sell sell

[SirChiko]

We are few days on circa 650$ and everybody is already writting essays how market is mature and stable already...i don't think that's true and we will see it in couple of days for sure.
Even thought i would be happy if it would get more stable or stable rising

[MahaRamana]

IMO we are at a point where we have a lot of high net worth, major corps, and invesent funds investing in Bitcoin. The days of huge swings, massive outbreaks, and downward spirals are over. I think we will see peaks and valleys in the range of 2-3% possibly at a faster pace than traditional stocks rise and fall but like I said to many major players now have too much to lose not to control the price. Not only that but if more retailers are to enter the "accepting" bitcoin game then the price has to show signs of long term stability and I think that's what we are seeing here. Long term investment growth, price stability for retailers to enter bitcoin, wider acceptance by the general public who don't have the knowledge or skills to enter a highly volatile market.

That's just my guess, he'll we could be at $1,000 on Monday. Who the hell knows.

A lot of high net worth, major corps and investment funds are investing into a 8 Billion capsize, very little of which is for sale ?

Such entities investing in bitcoin in a conservative manner would bring the price at least 100 times higher.
Such entities investing in bitcoin aggressively would bring the price about 1000 times higher.

These entities still have not touched bitcoin with a pole stick.

If any big money has had a dabble it's been far away from any exchange and so there's a negligible effect on price. We're still a long, long way from them arriving in any numbers.

Sure, some private deals have been made here and there. But if we talk about the macroeconomic aggregates of "wealthy individuals", "major corporations" and "investment funds" on a global basis, I don't think 0.1% (1 out of 1000) of these entities have invested anything significant in bitcoin.

[KFR]

*snip
I will try and keep this thread clean, with only facts, current trends, past price movements, depth charts, etc.
*snap

so far so good.
mehhhehehe

I can't pass up another opportunity to thank Adam for 'maintaining' this thread.  

[JayJuanGee]

By the way, I believe that historically, it has been more common for weekends to be slower and lower volume and dump rather than rising periods, so in that regard the last two weekends of rallies were probably more flukes than anything.


There are probably a lot of long time posters here that can say more particularly if they believe weekends to be  a dumping time or a pumping time and if there is pumping, it would be more in line with the very end of the weekend rather than the beginning or the middle of the weekend.

Why rely on belief? Historical market data is freely available, any trend like the weekend slump should be visible there.

I was quickly describing my perception... which may or may NOT be correct, as you noted, which is different from looking up the answer and coming to an answer based on that.  Surely, as you also seem to strongly imply,  looking up the data could be more reliable, so long as a person can understand the data sufficiently in order to make such a conclusion.. like looking at volume, and, if technical reliability is what is being sought. 

I was stating my perception and seeking similar response(s)... concerning perceptions.. that may even be longer in time or more accurate than mine.

[Nightowlace]

IMO we are at a point where we have a lot of high net worth, major corps, and invesent funds investing in Bitcoin. The days of huge swings, massive outbreaks, and downward spirals are over. I think we will see peaks and valleys in the range of 2-3% possibly at a faster pace than traditional stocks rise and fall but like I said to many major players now have too much to lose not to control the price. Not only that but if more retailers are to enter the "accepting" bitcoin game then the price has to show signs of long term stability and I think that's what we are seeing here. Long term investment growth, price stability for retailers to enter bitcoin, wider acceptance by the general public who don't have the knowledge or skills to enter a highly volatile market.

That's just my guess, he'll we could be at $1,000 on Monday. Who the hell knows.

A lot of high net worth, major corps and investment funds are investing into a 8 Billion capsize, very little of which is for sale ?

Such entities investing in bitcoin in a conservative manner would bring the price at least 100 times higher.
Such entities investing in bitcoin aggressively would bring the price about 1000 times higher.

These entities still have not touched bitcoin with a pole stick.

I think you're absolutely wrong. Many high net worth individuals have come out to say they own bitcoin. We also have funds like second market, and more in the works. These people do not nor would they buy bitcoins on any of the exchanges that exist today. They would again IMO go to the major holders of today's Bitcoin and secure OTC purchases. They might even go to the major mining pools and buy direct. It wouldn't surprise me if a mining pool has already secured contracts to sell so many bitcoins at a set price over a period of mining to some key players. Everyone has an eye and a toe dipped into bitcoin, it's to risky not to, and when the time is right we will see what they want to do with it. One thing I can promise is you and I have no control, all we can do is sit back and enjoy whatever ride we are on.

[JayJuanGee]

I don't know dick about bullish or bear sjit.
But are we starting another rise ? pretty bored.

Well I don't either, but it's pretty bullish around here at least at the moment... Check the poll results.

The resident bears haven't posted for a while, and the resident trolls even seem to have given up (for the moment).

This is Bitcoin though, so anything could happen. 

knock on wood... he he he... bears and trolls like to take weekends off too, once in a while.

[FredysCat]

Wall Observer
A free service brought to you by the bitcoin community

Whenever there is a significant change in market depth, please update this thread with a new depth chart, and a good price chart with some TA is also welcome, feel free to comment on these if you have something to worth contributing, ( if your post is not at all TA it will be deleted )

Posting guild lines:
 Please lets keep this thread clean. ( I will be removing any off topic posts )
 Do not post random comments on this thread, unless it is directly related to the last wall update (ex. The 20K ask was was NOT sold into, it was removed after being tested)
 When you post a chart please use bitcoincharts.com, mtgoxlive.com, btccharts.com or bitcoinity.com

as requested, i have started a new thread.
this thread is now a self-moderated topic.
I will try and keep this thread clean, with only facts, current trends, past price movements, depth charts, etc.
I promise to not delete post simply because i do not agree with the bearish TA.

thank you for your input!

We needed more regulation around this bitch.

the rules of this thread is an attempt to keep this thread from having +1000 post when price is doing big moves, and instead relay important indicators during critical moments.
also when the market is more calm we can expect to see wall posts and TA price charts, back to back without any relevant chatting, making easier to analyze.
there are other threads where speculators can discuss their sentiment, just not here...

That 1000+ page thread was getting kinda useless.

How about bitcoinium.com pics? I can never get mtgoxlive to load

thats fine too,
I'm looking for quality charts or good TA bearish or bullish.

asking good questions example....

Interesting pattern I've noticed. It's been sort of bouncing downwards for the last 4 days. Is there a technical term for this sort of thing?

https://i.imgur.com/Px5bq7M.png

is also welcome here.


just don't be posting about your "FEELINGS" and you won't get delete.  

[JayJuanGee]

IMO we are at a point where we have a lot of high net worth, major corps, and invesent funds investing in Bitcoin. The days of huge swings, massive outbreaks, and downward spirals are over. I think we will see peaks and valleys in the range of 2-3% possibly at a faster pace than traditional stocks rise and fall but like I said to many major players now have too much to lose not to control the price. Not only that but if more retailers are to enter the "accepting" bitcoin game then the price has to show signs of long term stability and I think that's what we are seeing here. Long term investment growth, price stability for retailers to enter bitcoin, wider acceptance by the general public who don't have the knowledge or skills to enter a highly volatile market.

That's just my guess, he'll we could be at $1,000 on Monday. Who the hell knows.

A lot of high net worth, major corps and investment funds are investing into a 8 Billion capsize, very little of which is for sale ?

Such entities investing in bitcoin in a conservative manner would bring the price at least 100 times higher.
Such entities investing in bitcoin aggressively would bring the price about 1000 times higher.

These entities still have not touched bitcoin with a pole stick.

If any big money has had a dabble it's been far away from any exchange and so there's a negligible effect on price. We're still a long, long way from them arriving in any numbers.

I keep thinking about his, and sooner or later those off exchange transactions are going to hit the exchanges, no?  especially when it seems that we have increases in adoption, and then people gotta get their coins from somewhere.  The ones selling off the exchanges have to replenish.. likely miners.. but then still if new people are coming in then there is more and more demand.

I agree that institutional investors have NOT come into bitcoin in any meaningful way.. there may be some dabbling at best, but at some point there's gotta be a skyrocketting effect, whether this week or two months from now.

[MahaRamana]

IMO we are at a point where we have a lot of high net worth, major corps, and invesent funds investing in Bitcoin. The days of huge swings, massive outbreaks, and downward spirals are over. I think we will see peaks and valleys in the range of 2-3% possibly at a faster pace than traditional stocks rise and fall but like I said to many major players now have too much to lose not to control the price. Not only that but if more retailers are to enter the "accepting" bitcoin game then the price has to show signs of long term stability and I think that's what we are seeing here. Long term investment growth, price stability for retailers to enter bitcoin, wider acceptance by the general public who don't have the knowledge or skills to enter a highly volatile market.

That's just my guess, he'll we could be at $1,000 on Monday. Who the hell knows.

A lot of high net worth, major corps and investment funds are investing into a 8 Billion capsize, very little of which is for sale ?

Such entities investing in bitcoin in a conservative manner would bring the price at least 100 times higher.
Such entities investing in bitcoin aggressively would bring the price about 1000 times higher.

These entities still have not touched bitcoin with a pole stick.

I think you're absolutely wrong. Many high net worth individuals have come out to say they own bitcoin. We also have funds like second market, and more in the works. These people do not nor would they buy bitcoins on any of the exchanges that exist today. They would again IMO go to the major holders of today's Bitcoin and secure OTC purchases. They might even go to the major mining pools and buy direct. It wouldn't surprise me if a mining pool has already secured contracts to sell so many bitcoins at a set price over a period of mining to some key players. Everyone has an eye and a toe dipped into bitcoin, it's to risky not to, and when the time is right we will see what they want to do with it. One thing I can promise is you and I have no control, all we can do is sit back and enjoy whatever ride we are on.

Many like 1 out of 1000 ?

The combined wealth of all HNWI in the world is 50 trillions USD (without their primary residence). If only 1% of these people would put only 10% of their wealth (without home) in BTC, the market cap would already be 50 billions.
That's only 1% of them and only 10% of their wealth without home.
And that's without talking about any other entity.
And that's assuming that all early adopters sell them their coins.

A few HNWI claiming they bought bitcoins in the media is not representative of what is happening. I maintain that HNWI still didn't touch bitcoin (0.1% could not be considered meaningful).

[ChartBuddy]

Explanation

[findftp]

I think you're absolutely wrong. Many high net worth individuals have come out to say they own bitcoin. We also have funds like second market, and more in the works. These people do not nor would they buy bitcoins on any of the exchanges that exist today. They would again IMO go to the major holders of today's Bitcoin and secure OTC purchases. They might even go to the major mining pools and buy direct. It wouldn't surprise me if a mining pool has already secured contracts to sell so many bitcoins at a set price over a period of mining to some key players. Everyone has an eye and a toe dipped into bitcoin, it's to risky not to, and when the time is right we will see what they want to do with it. One thing I can promise is you and I have no control, all we can do is sit back and enjoy whatever ride we are on.

+1 I agree.
And boy do I like this ride!
Either way, zero or infinite, I'll never forget this chronic adrenaline rush.

[CoinHamster]

here we go
bitstamp starts rising...

[deadley]

here we go
bitstamp starts rising...

I dont think so its almost same like before just sideway movement nothing interesting happening in Stamp.

[faalhaas]

here we go
bitstamp starts rising...

No ? 653..

[RandomPedestrianN9]

Look at all the average Joes buying in, because BTC solves a problem for them and doesnt add 10 new problems. Almost 500 000 000 ppl use BTC daily to purchase goods and not to hold it for the rest of their lives....because deflation makes sense in economy.

[nioc]

IMO we are at a point where we have a lot of high net worth, major corps, and invesent funds investing in Bitcoin. The days of huge swings, massive outbreaks, and downward spirals are over. I think we will see peaks and valleys in the range of 2-3% possibly at a faster pace than traditional stocks rise and fall but like I said to many major players now have too much to lose not to control the price. Not only that but if more retailers are to enter the "accepting" bitcoin game then the price has to show signs of long term stability and I think that's what we are seeing here. Long term investment growth, price stability for retailers to enter bitcoin, wider acceptance by the general public who don't have the knowledge or skills to enter a highly volatile market.

That's just my guess, he'll we could be at $1,000 on Monday. Who the hell knows.

A lot of high net worth, major corps and investment funds are investing into a 8 Billion capsize, very little of which is for sale ?

Such entities investing in bitcoin in a conservative manner would bring the price at least 100 times higher.
Such entities investing in bitcoin aggressively would bring the price about 1000 times higher.

These entities still have not touched bitcoin with a pole stick.

I think you're absolutely wrong. Many high net worth individuals have come out to say they own bitcoin. We also have funds like second market, and more in the works. These people do not nor would they buy bitcoins on any of the exchanges that exist today. They would again IMO go to the major holders of today's Bitcoin and secure OTC purchases. They might even go to the major mining pools and buy direct. It wouldn't surprise me if a mining pool has already secured contracts to sell so many bitcoins at a set price over a period of mining to some key players. Everyone has an eye and a toe dipped into bitcoin, it's to risky not to, and when the time is right we will see what they want to do with it. One thing I can promise is you and I have no control, all we can do is sit back and enjoy whatever ride we are on.

Who is this everyone?  

As far as OTC transactions, If these people are selling OTC they aren't selling on exchanges.  How does that effect exchange prices?

[hyphymikey]

It's funny seeing people, who weren't even around when this thread started, posting about it's content and rules. Almost as funny as the couple of bears who just came out of the woods once the price had stalled calling for a crash.

-----

On another note, since we didn't rise this weekend and didn't fall I expect new money coming on during the week to finally get us moving up again.