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

[blatchcorn]

Who thinks we will have a weekend rally?

[ImI]

Who thinks we will have a weekend rally?

ron paul

[ShroomsKit]

Now with Dell on board you have to be really dumb to just keep selling. It's clear there is only 1 way to go and that's up.
Then again i love seeing those idiots lose their money. Nothing better than seeing a 200 dump and the price going up 5 minutes later.

[ChartBuddy]

Explanation

[blatchcorn]

Now with Dell on board you have to be really dumb to just keep selling. It's clear there is only 1 way to go and that's up.
Then again i love seeing those idiots lose their money. Nothing better than seeing a 200 dump and the price going up 5 minutes later.

The dumb bears will still be saying merchant acceptance leads to more bitcoin being converted to fiat, which is very very shortsighted

[hdbuck]

Now with Dell on board you have to be really dumb to just keep selling. It's clear there is only 1 way to go and that's up.
Then again i love seeing those idiots lose their money. Nothing better than seeing a 200 dump and the price going up 5 minutes later.

The dumb bears will still be saying merchant acceptance leads to more bitcoin being converted to fiat, which is very very shortsighted

merchants would not convert btc>fiat using public exchanges anyway. + we all seem to look closely to these type of exchanges and their prices but it aint were most of bitcoins are (there is around 2 to 3 millions BTC out of 13million total on public exchanges).

[N12]

merchants would not convert btc>fiat using public exchanges anyway. + we all seem to look closely to these type of exchanges and their prices but it aint were most of bitcoins are (there is around 2 to 3 millions BTC out of 13million total on public exchanges).

I very much doubt it's even close to your figure. Post MtGox, probably less than a million BTC, and I think even 500k are on the exchanges.

[ChartBuddy]

Explanation

[adamstgBit]

next week or this weekend we will be testing resistance higher up, a key level to watch/support is 640. it is imperative we POWN the 640 mark with gr8 force. make it happen poeple. I have been / will continue to buy so long as we are below 640. ( i will probably be buying higher too, i can not help it, i must buy, i am very bullish ) buy Buy BUY!

[aminorex]

So pretty much the best news we will get for now and still nothing.
What exactly will it take according to you guys who keep repeating daily we're about to go to the moon for the last 6 weeks?

I don't think news is gonna do it. All the western exchanges are following China like white on rice. So until China makes a decisive move either way, we're stuck in this slow sideways void....

Let me tell you what's going to do it. When the off exchange supply of coins for sale dries up. Meaning when miners (and probably some early adopters who sale blocks at a certain price) run out of supply to satisfy off exchange purchasers (large hands that don't want to move the market against themselves).

Problem is there is no way to know when this will happen. We don't have the data on this. But it's not going to be long, because large institutional hands will have a way to start investing next month. And that's just the beginning. In less than 22 months we could be halving again.

Off exchange supply is going to dry up. And when it does the next bubble is going to come like a freight train.

This.  It is often much easier to predict what is going to happen that to predict when it will happen.  That's a large part of the reason why a good speculation out does mediocre trading every time.

[hdbuck]

merchants would not convert btc>fiat using public exchanges anyway. + we all seem to look closely to these type of exchanges and their prices but it aint were most of bitcoins are (there is around 2 to 3 millions BTC out of 13million total on public exchanges).

I very much doubt it's even close to your figure. Post MtGox, probably less than a million BTC, and I think even 500k are on the exchanges.

yea probably ^^, but my point was that bitcoin is valued upon a tinywinky portion, and it could thus be quite misleading.

[aminorex]

Who thinks we will have a weekend rally?

ron paul

 Long on coins,  short on his fingers.

[mmitech]

buying at this time (or the last 6-7 weeks) seems to be the best time for any doubtful investor or a new adopter, although I don't see or believe any bubble will be forming soon. I see enough stability and support to trade in the 600s for some time (couple of months maybe).

some would ask why the price is stable with all these good news ? well I think Bitcoin was overpriced for a long time and the infrastructure is just catching up, once the infrastructure will have much more to offer the price will follow and the same thing will repeat, I am just thankful that with all the bad PR (Mtgox, malleability, hacks, china....)  we had this year, Bitcoin is still doing well.


the biggest scenario that everyone  seems to ignore is that Bitcoin is going mainstream, this could mean simply no more bubbles but a strait and slow growth over the years, today the audience is bigger and financially mature, so I don't believe neither expect a 10x price jump in a couple of month. (these were the old days).

[ElectricMucus]

It is often much easier to predict what is going to happen that to predict when it will happen. 

true.
Coinbase will collapse.

[ChartBuddy]

Explanation

[dgarcia]

Now with Dell on board you have to be really dumb to just keep selling. It's clear there is only 1 way to go and that's up.
Then again i love seeing those idiots lose their money. Nothing better than seeing a 200 dump and the price going up 5 minutes later.

Reading this since this ultra bullish ~800,00$ consolidation in January.

-"Moon is coming", "the direction is clear", "there is only one direction", you'll get incredible burnt if you sell now"-

And where it has gone? There was no moon.

If I would not know, that all this shouting dudes aren't representative for bitcoin I would think this is some fraud-system, where sheeps are bleating on the field for rising prices coming soon, meanwhile fraudsters collecting profit and running away.

It is, as oda.krell said: bitcoin capitalization must not be some kind of Ponzi scheme, but a lot of people are trying hard to let it seem like this.

Uptrend will come, soon or whenever. (or not)

[adamstgBit]

next week or this weekend we will be testing resistance higher up, a key level to watch/support is 640. it is imperative we POWN the 640 mark with gr8 force. make it happen poeple. I have been / will continue to buy so long as we are below 640. ( i will probably be buying higher too, i can not help it, i must buy, i am very bullish ) buy Buy BUY!

[edwardspitz]

next week or this weekend we will be testing resistance higher up, a key level to watch/support is 640. it is imperative we POWN the 640 mark with gr8 force. make it happen poeple. I have been / will continue to buy so long as we are below 640. ( i will probably be buying higher too, i can not help it, i must buy, i am very bullish ) buy Buy BUY!

I also think that $640 is key. Going past $640 and we will be halfway to the moon!

[adamstgBit]

now is the time to buy, once the resistance is overcome, we will be heading higher, and we will experience a shortage of coins as demand ramps up, buy now while the seemingly endless supply with mediocre demand lasts. pretty soon, its gonna get wild!

[JorgeStolfi]

The regulations are bad news? I have to disgree....

Well, Erik Vorhees did not like them: http://moneyandstate.com/reflections-right-privacy-response-nydfs-bitcoin-proposal/