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

[ChartBuddy]

Explanation

[1714658051]

1714658051

[CoinHamster]

I think these log trendlines are guaranteed to be broken at some point in the near future (1 week to 1 year).  A new trendline will be established. This happens all the time on a micro scale.

Indeed. This trendline seems to be exhausted.

[Tzupy]

Small dumps on Huobi. As I said before, Chinese bagholders are getting impatient.

[DutchTrades]

Is this dump due to that fucking terrorist who might use our Bitcoin? Or is there other news

[YogoH]

Bitcoin will be bitcoin and you can expect the price to go plus or minus 5-10% daily just because its bitcoin, no news is required.

[dreamspark]

In case anyone missed this... :
http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin-cash/

Now what will Russia say? I wonder...
Nevertheless, it's a great thing, and 5000 places to buy isn't a small deal.

No but the Ukraine average annual salary is about $5000, so don't expect huge things

And the average Chinese salary was $2,100 in 2012. Average salary is such a vague measure to use to come to a conclusion that a new market won't have a net positive effect.

[Asrael999]

In case anyone missed this... :
http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin-cash/

Now what will Russia say? I wonder...
Nevertheless, it's a great thing, and 5000 places to buy isn't a small deal.

No but the Ukraine average annual salary is about $5000, so don't expect huge things

And the average Chinese salary was $2,100 in 2012. Average salary is such a vague measure to use to come to a conclusion that a new market won't have a net positive effect.

Get some facts right - the average Chinese Salary at the start of 2012 was CNY 42,452 - at the time USD 6,738
source
http://www.tradingeconomics.com/china/wages

and the population of the Ukraine is 1/30th that of China, 45million vs 1.35bn.

[ShroomsKit]

If we don't go up soon i expect some big dumps. For most people there is no point waiting snymore for something that's not gonna happen (in their eyes) They will start selling. This expected rally up is taking too long.

[ChartBuddy]

Explanation

[Erdogan]

In case anyone missed this... :
http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin-cash/

Now what will Russia say? I wonder...
Nevertheless, it's a great thing, and 5000 places to buy isn't a small deal.

No but the Ukraine average annual salary is about $5000, so don't expect huge things

And the average Chinese salary was $2,100 in 2012. Average salary is such a vague measure to use to come to a conclusion that a new market won't have a net positive effect.

Get some facts right - the average Chinese Salary at the start of 2012 was CNY 42,452 - at the time USD 6,738
source
http://www.tradingeconomics.com/china/wages

and the population of the Ukraine is 1/30th that of China, 45million vs 1.35bn.

The income is probably somewhat relevant, but so is the number of Ukranians, and the savings rate they prefer after they discover the long time store of value property of bitcoins.

[JorgeStolfi]

A comment to the WSJ article on RealCoin notes that there was already an altcoin with that name, which is already dead:
http://blogs.wsj.com/moneybeat/2014/07/08/dollar-backed-digital-currency-aims-to-fix-bitcoins-volatility-dilemma/tab/comments/
And people may think that it is pegged to the real rather than the dollar... 

[iram3130]

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

There is good news flowing everyday still we are not moving that's really some worry part.

[dreamspark]

In case anyone missed this... :
http://www.coindesk.com/5000-terminals-across-ukraine-now-offer-bitcoin-cash/

Now what will Russia say? I wonder...
Nevertheless, it's a great thing, and 5000 places to buy isn't a small deal.

No but the Ukraine average annual salary is about $5000, so don't expect huge things

And the average Chinese salary was $2,100 in 2012. Average salary is such a vague measure to use to come to a conclusion that a new market won't have a net positive effect.

Get some facts right - the average Chinese Salary at the start of 2012 was CNY 42,452 - at the time USD 6,738
source
http://www.tradingeconomics.com/china/wages

and the population of the Ukraine is 1/30th that of China, 45million vs 1.35bn.

Fair enough I can't remember my source for the figure I had, regardless it doesn't tell you anything. If 80% of the Ukranian population bought bitcoins with 10% of their wages and 0.005% of Chinas polpulation bought coins with 1% what did what do you think would be the net outcome? My point about average wages being a completely vague figure to base any analysis on still stands.

[ShroomsKit]

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

There is good news flowing everyday still we are not moving that's really some worry part.

Exactly. None of the good news did anything to the price whatsoever. Yet people expect the price to magically go up sometime soon. I sure hope this magic will happen but i just can't find a reason for it.

[Searing]

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

There is good news flowing everyday still we are not moving that's really some worry part.

Exactly. Non of the good news did anything to the price whatsoever. Yet people expect the price to magically go up sometime soon. I sure hope this magic will happen but i just can't find a reason for it.

yep how i see it too

Searing

[Feri22]

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

There is good news flowing everyday still we are not moving that's really some worry part.

Exactly. None of the good news did anything to the price whatsoever. Yet people expect the price to magically go up sometime soon. I sure hope this magic will happen but i just can't find a reason for it.

Try to be more patient. It's difficult to say exact day when the next major rise will happen. If you think about it, Silk Road was not so big reason for Bitcoin to rise 10x. Most people are sheeps and they follow the people they control the market...It is simple...When big whales will want it to happen, it will happen and sheeps will follow...maybe i am wrong though, but i think patient is the key in Bitcoin investing.

[YogoH]

You guys are fucking crazy.  Bitcoin has gone from 10$ to 600$ in 2 years and you guys are sitting here bitching its not moving fast enough?


Just get it out of bitcoin now. You people don't deserve wealth.

[ShroomsKit]

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

There is good news flowing everyday still we are not moving that's really some worry part.

Exactly. None of the good news did anything to the price whatsoever. Yet people expect the price to magically go up sometime soon. I sure hope this magic will happen but i just can't find a reason for it.

Try to be more patient. It's difficult to say exact day when the next major rise will happen. If you think about it, Silk Road was not so big reason for Bitcoin to rise 10x. Most people are sheeps and they follow the people they control the market...It is simple...When big whales will want it to happen, it will happen and sheeps will follow...maybe i am wrong though, but i think patient is the key in Bitcoin investing.

I get that but why would it suddenly rise? I can see it happen slowly over time but why is there this idea that sometime soon we'll see an explosion? I don't see a reason for it.
And the problem is tons of people with tons of coins are expecting this as well. When it turns out nothing is gonna happen then guess what those people will do.
They way i see it is if we don't go up soon we might crash hard.
A lot of people will move their money to something else.

[Erdogan]

You guys are fucking crazy.  Bitcoin has gone from 10$ to 600$ in 2 years and you guys are sitting here bitching its not moving fast enough?


Just get it out of bitcoin now. You people don't deserve wealth.

It is mind work. It consist of stretching out on the sofa, occasionally go to the screen and enter to_da_moon, sometimes endure deep despair, some euforia. That is how we build the future of money. It deserves to be rewarded, and quickly.

[ChartBuddy]

Explanation