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

[roslinpl]

Hmm... looking at the poll votes statistic and 1st time from a long time I don't see a lot of optimism in those who left a vote

Why it is so? Is $800 so impossible? Why it is impossible? Was Laszlo thinking that $100 is possible? Not when he was buying "the Pizza" so please. $800 is nothing.  xD

[adamstgBit]

IMO, if we don't test support tonight we never will, we'll bounce off the launch pad once or twice, break resistance, break away to new highs, top out in the low mid 700's, this level should prove to have very little resistance ( most bears think 680-660 is the "top" so they are selling here and now ) price will quiclky melt up into the low mid 800's the next spot where bears lay down some futile resistance.

[adamstgBit]

Hmm... looking at the poll votes statistic and 1st time from a long time I don't see a lot of optimism in those who left a vote

Why it is so? Is $800 so impossible? Why it is impossible? Was Laszlo thinking that $100 is possible? Not when he was buying "the Pizza" so please. $800 is nothing.  xD

20% increase in <10 days is one hell of a call, you gotta have vision to vote yes

[ImI]

look like LTC moves btc now :-D

Too much panic surrounding ltc now, i couldnt resist to buy some

Hmmm, not sure. I keep some lowball bids in now after seeing that $2 spike the other day. But I think LTC might have a slow slide down to retest that level, or at least much lower than here. Good luck....

ltc -> marketcap of 50mio$ imo

[roslinpl]

Hmm... looking at the poll votes statistic and 1st time from a long time I don't see a lot of optimism in those who left a vote

Why it is so? Is $800 so impossible? Why it is impossible? Was Laszlo thinking that $100 is possible? Not when he was buying "the Pizza" so please. $800 is nothing.  xD

20% increase in <10 days is one hell of a call, you gotta have vision to vote yes

Well ... I remember that Bitcoin can do more that 20% in 10days

Everything is possible but I understand that that would be truly amazing.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[beetcoin]

man, ltc has taken a real nosedive.. they pumped that shit good. when btc was $650 ltc was probably something like $20/per.

[Erdogan]

What about miners paying power bills?

If someone could be so kind as to find out what KnC and Bitfury/MBP/CEX/GHASH.IO are doing with their mined coins, I'd love to know.  And by find I out, I mean actually find out, not this OTC sales wishy washy bullshit I keep hearing.

Look at it this way. A miner is a person with investment in mining equipment and expenses. When he has mined some coin, he is a holder of coin plus he has investments and expenses. Other holders, without mining investments have other investments and expenses. What is the difference? None.
Everybody hold coins, have investments and expenses, and have to decide to sell or to buy, taking other economic realities into account.

tldr; a miner with coins is no different from other people.

[Nicholas-Carraway]

Something tells me "real" traders would laugh at that gigantic so-called cup n handle formation

lol, especially when the "handle" part is purely fictional.  lol again.

[ChartBuddy]

Explanation

[samsonn25]

Looks like price needs to come down under $610 before it goes to 700

[ChartBuddy]

Explanation

[ShroomsKit]

Looks like price needs to come down under $610 before it goes to 700

Uh why?

[Davyd05]

Looks like price needs to come down under $610 before it goes to 700

Uh why?

For me it was 620ish...mainly to do with the ebb flow of the market. It would appear that people are trying to accumulate more so than dump.

I think we'll see weekend buyers from those who want to beat the trend now that 620 ish has held well enough. However I've been bull sided as of late.

[ChartBuddy]

Explanation

[samsonn25]

Looks like price needs to come down under $610 before it goes to 700

Uh why?

For me it was 620ish...mainly to do with the ebb flow of the market. It would appear that people are trying to accumulate more so than dump.

I think we'll see weekend buyers from those who want to beat the trend now that 620 ish has held well enough. However I've been bull sided as of late.

Because the EMA is $614, price rarely hits EMA exactly, it usually overshoots, somewhat either slightly or drastically best case scenario is slightly. 

The Dark candlesticks is not confiding either.

[CoinsCoinsEverywhere]

IMO, if we don't test support tonight we never will, we'll bounce off the launch pad once or twice, break resistance, break away to new highs, top out in the low mid 700's, this level should prove to have very little resistance ( most bears think 680-660 is the "top" so they are selling here and now ) price will quiclky melt up into the low mid 800's the next spot where bears lay down some futile resistance.

I'm curious--what basis are you using for your prediction?  Strictly technical?  There seems to be an awful lot of supply above 660, and no one seems to want to buy up there.  If we can break 700, I think we go much higher after that, but getting there in the near future looks challenging.

[dropt]

What about miners paying power bills?

If someone could be so kind as to find out what KnC and Bitfury/MBP/CEX/GHASH.IO are doing with their mined coins, I'd love to know.  And by find I out, I mean actually find out, not this OTC sales wishy washy bullshit I keep hearing.

Look at it this way. A miner is a person with investment in mining equipment and expenses. When he has mined some coin, he is a holder of coin plus he has investments and expenses. Other holders, without mining investments have other investments and expenses. What is the difference? None.
Everybody hold coins, have investments and expenses, and have to decide to sell or to buy, taking other economic realities into account.

tldr; a miner with coins is no different from other people.

I disagree.  The independent miner is more likely to either hold all of their mined coins and pay expenses out of pocket, or sell what's required to pay the bills.  Franchised, or corporate miners, have no interest in holding coins and sell as earned.  Outfits like KnC didn't make a multi-million dollar mine to hold/save coins, they sell them all (afaik).

[CoinsCoinsEverywhere]

What about miners paying power bills?

If someone could be so kind as to find out what KnC and Bitfury/MBP/CEX/GHASH.IO are doing with their mined coins, I'd love to know.  And by find I out, I mean actually find out, not this OTC sales wishy washy bullshit I keep hearing.

Look at it this way. A miner is a person with investment in mining equipment and expenses. When he has mined some coin, he is a holder of coin plus he has investments and expenses. Other holders, without mining investments have other investments and expenses. What is the difference? None.
Everybody hold coins, have investments and expenses, and have to decide to sell or to buy, taking other economic realities into account.

tldr; a miner with coins is no different from other people.

While I agree that everyone has their own set of risks, I think there are psychological differences.  I don't worry about the coins I've mined as much as I would worry about coins that I would have bought, if I had bought some (which I haven't, because it feels riskier).