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

[JayJuanGee]

.... I just opened one of my forecasting spreadsheets and noted that I'd arbitrarily picked today as the starting point for the next bull run. No I don't have any proof or logic, just me and my obsession with plotting things in spreadsheets.

Well, too bad you lost.
Just for the record, my date is set on august 19th not sooner.
If it doesn't happen before 29th, I sell all my crypto for gold. /s

I don't really find anything wrong with random picking of dates in order to suggest that btc prices are going to skyrocket.  Yet, I am more bothered when posters are elated in the event that their date is correct.  If they are correct, it becomes a big "so what?" b/c the poster happened to guess correctly.  

I anticipate that the rocket date could be anywhere between 1 hour from now to 12 months, and I rest much more assured being in BTC, to be prepared when that seemingly inevitable rocket date comes.

BTW:  Good luck being in gold / b/c it is pretty unlikely that gold is going to have any rocket that is anywhere near the potential of the BTC rocket (gold may have a baby rocket and potentially get into orbit while BTC is on its way to the moon and beyond).

[JayJuanGee]

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!

i disagree, 666 is the key.

685

$850

Once BTC goes past $850, then we are on our way to a new ATH.. anywhere between $2200 and $5000.  I am hoping for the latter or more, but I will also be content with the former.

[JayJuanGee]

When will be 700$ ? before new year? What do you think?

In stead of asking, form your own opinion, say it here with the reasoning behind it.

Here is an example: Based on the number of people just asking what the price will be and when, knowing that there are different opinions and at best they will get all possible answers, I can say that the prospected rise of bitcoin due to the network effect is severely hyped up, and will lead to not a steady rise but bubbles, burns, crashes, euphoria, suffering, despair. When? At all times.

I agree with you Erdogan that this kind of volatility is likely to continue with BTC when BTC reaches 1 trillion market cap, and it may continue beyond that, when BTC reaches 10 trillion and 100 trillion market cap.  Once BTC reaches these higher market caps in the trillions, though, it will be much more difficult to manipulate it.

[JayJuanGee]

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/

And the winklevosses adore them.  Vorhees cares about human freedom and dignity, while the winklevosses care about the value of their bitcoin.  Thus vorhees is disappointed while the winklevosses are encouraged.

As we all likely realize, bitcoin remains somewhat in the wild, wild west when it comes to government intervention.  Accordingly, there are ways to make money and to strive in both the regulated sphere of bitcoin and in the unregulated sphere of bitcoin.

[JayJuanGee]

if you have a fully verified coin base account that is. SO GET SPENDING. Even if you pay USD go USD to BTC to buy... it's actually cheaper that way.

How do you send USD to Coinbase/exchange/Bitpay/whatever, and what do they send to Dell -- USD, or BTC?  If USD, how do they send it?

This appears to be one of those basic retarded questions of yours that could easily be answered by yourself, if you were to buy and use bitcoins then you would possibly realize how to use them.  Of course, the customers pay in bitcoin, and then if Dell wants to convert them to fiat after the transaction, they have that fiat conversion option.

And that is the (non)answer that I get whenever I ask that question in this forum. I had to ask the same person three times (on another thread), before he understood the question (and answered it for only one special case).

I thought that I called the question stupid and I answered it...... and you are implying that you are seeking some kind of deeper and more significant meaning?  And what would that deeper and more significant meaning be?

[JorgeStolfi]

if you have a fully verified coin base account that is. SO GET SPENDING. Even if you pay USD go USD to BTC to buy... it's actually cheaper that way.

How do you send USD to Coinbase/exchange/Bitpay/whatever, and what do they send to Dell -- USD, or BTC?  If USD, how do they send it?

This appears to be one of those basic retarded questions of yours that could easily be answered by yourself, if you were to buy and use bitcoins then you would possibly realize how to use them.  Of course, the customers pay in bitcoin, and then if Dell wants to convert them to fiat after the transaction, they have that fiat conversion option.

And that is the (non)answer that I get whenever I ask that question in this forum. I had to ask the same person three times (on another thread), before he understood the question (and answered it for only one special case).

I thought that I called the question stupid and I answered it...... and you are implying that you are seeking some kind of deeper and more significant meaning?  And what would that deeper and more significant meaning be?

Yes you called the question stupid, and no you did not understand it. If "you pay USD go USD to BTC to buy", as the poster suggested, how do you send USD to Coinbase/exchange/Bitpay/whatever?

[ChartBuddy]

Explanation

[empowering]

if you have a fully verified coin base account that is. SO GET SPENDING. Even if you pay USD go USD to BTC to buy... it's actually cheaper that way.

How do you send USD to Coinbase/exchange/Bitpay/whatever, and what do they send to Dell -- USD, or BTC?  If USD, how do they send it?

This appears to be one of those basic retarded questions of yours that could easily be answered by yourself, if you were to buy and use bitcoins then you would possibly realize how to use them.  Of course, the customers pay in bitcoin, and then if Dell wants to convert them to fiat after the transaction, they have that fiat conversion option.

And that is the (non)answer that I get whenever I ask that question in this forum. I had to ask the same person three times (on another thread), before he understood the question (and answered it for only one special case).

I thought that I called the question stupid and I answered it...... and you are implying that you are seeking some kind of deeper and more significant meaning?  And what would that deeper and more significant meaning be?

Yes you called the question stupid, and no you did not understand it. If "you pay USD go USD to BTC to buy", as the poster suggested, how do you send USD to Coinbase/exchange/Bitpay/whatever?

I stuff golden trinkets up my magical unicorns arse and shoo it on its way... usually works just fine for me.

[keithers]

The high and low price is becoming a tighter and tighter range...is this the calm before the storm?  Given our history, we can only be stable for so long before there's some more action...

[scarsbergholden]

The high and low price is becoming a tighter and tighter range...is this the calm before the storm?  Given our history, we can only be stable for so long before there's some more action...

Yep, bollinger bands have been pretty squeezy recently, should see a strong move soon. I just hope it's to the upside.... been holding and waiting for a breakout a few weeks now.

[ChartBuddy]

Explanation

[Adrian-x]

if you have a fully verified coin base account that is. SO GET SPENDING. Even if you pay USD go USD to BTC to buy... it's actually cheaper that way.

How do you send USD to Coinbase/exchange/Bitpay/whatever, and what do they send to Dell -- USD, or BTC?  If USD, how do they send it?

This appears to be one of those basic retarded questions of yours that could easily be answered by yourself, if you were to buy and use bitcoins then you would possibly realize how to use them.  Of course, the customers pay in bitcoin, and then if Dell wants to convert them to fiat after the transaction, they have that fiat conversion option.

And that is the (non)answer that I get whenever I ask that question in this forum. I had to ask the same person three times (on another thread), before he understood the question (and answered it for only one special case).

I thought that I called the question stupid and I answered it...... and you are implying that you are seeking some kind of deeper and more significant meaning?  And what would that deeper and more significant meaning be?

Yes you called the question stupid, and no you did not understand it. If "you pay USD go USD to BTC to buy", as the poster suggested, how do you send USD to Coinbase/exchange/Bitpay/whatever?

Jorge I believe one bank gets another bank to change some numbers on a computer and then another entity verifies that both party's agree then they charge a fee for doing this. All party's involved have to comply with government regulations to ensure no one is cheating. Once you understand how the system works with $, you're going to love how simply it works with Bitcoin.

[empowering]

Jorge I believe one bank gets another bank to change some numbers on a computer and then another entity verifies that both party's agree then they charge a fee for doing this. All party's involved have to comply with government regulations to ensure no one is cheating. Once you understand how the system works with $, you're going to love how simply it works with Bitcoin.

[Adrian-x]

To the economics of how all this fiat converting in and out of Bitcoin works out to benefit the consumer and the retailer turns out to be a lot of interesting maths. In effect the Bitcoin payment networks are not in the business of payment networks but in the business of managing supply and demand of a finite digital commodity. The payment network is how they get Bitcoin and other data which they use for business.

Edit
It doesn't always work out in favor of the consumer, some times the consumer is screwed on the buying Bitcoin side (coinbase has a bad reputation here during big price swings.)

But while there is demand for Bitcoin everything is good.

[empowering]

So basically  I should stop taking LSD and leave my neighbours horse alone.... this also explains why I have less Bitcoins than I thought...Banks you say?
who would have thought...

[ChartBuddy]

Explanation

[keithers]

The high and low price is becoming a tighter and tighter range...is this the calm before the storm?  Given our history, we can only be stable for so long before there's some more action...

Yep, bollinger bands have been pretty squeezy recently, should see a strong move soon. I just hope it's to the upside.... been holding and waiting for a breakout a few weeks now.

Yeah, I believe the last time we were stable for a good amount of time we ended up flash crashing...so hopefully this is the opposite this time around

[BuildTheFuture]

I noticed the 7 day average bitcoin days destroyed chart at blockchain.info is once again down at a very low level. The past couple times it got down this low was back in May and June right before rallies.

[Argwai96]

The high and low price is becoming a tighter and tighter range...is this the calm before the storm?  Given our history, we can only be stable for so long before there's some more action...

Yep, bollinger bands have been pretty squeezy recently, should see a strong move soon. I just hope it's to the upside.... been holding and waiting for a breakout a few weeks now.

Yeah, I believe the last time we were stable for a good amount of time we ended up flash crashing...so hopefully this is the opposite this time around

Which time was that? Price volatility has really died generally the past couple months. Price action right now reminds me of the $440-450 level, tbh, but I don't want to get my hopes up, either.

[ChartBuddy]

Explanation