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

[aminorex]

bring in ...monkey for a ... reading

Monkey is almost satisfied on the weekly chart.  I'll ask him again in the morning when the new weekly begins, if he thinks the turn is this week or next (the only serious choices he leaves open at this point).  I think his weekly opinions are more reliable during mid-week however.

[ChartBuddy]

Explanation

[adamstgBit]

something tells me i have plenty of time to ease into a position.

I thought I did as well, I am not saying this atmosphere is like last years atmosphere .. local btc'd 3.15 at 142.50 a piece next buy on cavirtex was in the 300+ range  and then again in the 400-600 range and then 700-900 lol

i went full retard sub 600  

oh well, its only fiat...      

[keithers]

How many of you are buyers under $400?   I definitely picked some up.   If we dip to like $390, I will pick up some more.   I am happy with my long term holdings, but I am definitely not opposed to adding some more cheap coins.   I really think that times like this are flushing out the small holders and are really separating the heavy hands from the rest...

[JayJuanGee]

Monkey looks pissed!!

[Searing]

something tells me i have plenty of time to ease into a position.

I thought I did as well, I am not saying this atmosphere is like last years atmosphere .. local btc'd 3.15 at 142.50 a piece next buy on cavirtex was in the 300+ range  and then again in the 400-600 range and then 700-900 lol

i went full retard sub 600  

oh well, its only fiat...      

all in as well

we can start a club..get a motto....coat of arms.....them little carts they drive around at parades like the shriners!

[mooncake]

In your view, what metric(s) can measure bitcoin adoption?

It would help if bitcoin payment processors released monthly reports on volume processed, with at least a crude breakdown on kind of businesses served (gambling, exchanges, material goods, travel&lodging, ...). 

That would give an idea if bitcoin use is increasing, but would still have some limitations, e.g.:

* it would measure bitcoins being sold for dollars to purchase, not people buying bitcoins;
* it would not include people paying with bitcoin directly to merchants that really accept bitcoin

It may also be distorted by people paying to themselves:
https://bitcointalk.org/index.php?topic=150803.msg8916727#msg8916727

But that is the best data I can think of that might be available one day.

I would think there are 2 things to measure: 1. Number of users 2. Level of transaction activity

Unfortunately, there is no way we can know the exact number of users. We can look into the data from Blockchain.info though. It publishes the number of their users. The mapping is one user to one wallet. Note that one person can be multiple users. It is possible also that many of the wallets are inactive.
https://blockchain.info/charts/my-wallet-n-users

Level of transaction activity:
https://blockchain.info/charts/my-wallet-transaction-volume

[JayJuanGee]

bring in ...monkey for a ... reading

Monkey is almost satisfied on the weekly chart.  I'll ask him again in the morning when the new weekly begins, if he thinks the turn is this week or next (the only serious choices he leaves open at this point).  I think his weekly opinions are more reliable during mid-week however.

Well, let's wait until mid-week then, and then we will do the opposite of whatever monkey says.. but don't tell monkey, because then s/he will start employing reverse psychology, and that would be BBBBAAAAAAADDDDD to have a monkey engaged in such tactics.   

[adamstgBit]

now i want bitcoin to drop....

350 you say?

EVERYTHING IS AWESOME!!!

[SecureExchange]

now i want bitcoin to drop....

350 you say?

EVERYTHING IS AWESOME!!!

I hope it wont happen though.

Need to clear-out my BTC asset first 

[adamstgBit]

now i want bitcoin to drop....

350 you say?

EVERYTHING IS AWESOME!!!

I hope it wont happen though.

Need to clear-out my BTC asset first 

you better hurry, I have all the time in the world.

[ChartBuddy]

Explanation

[JayJuanGee]

now i want bitcoin to drop....

350 you say?

EVERYTHING IS AWESOME!!!

Remember what I mentioned earlier about opposite?  hehehehehe  


The TIME has come boys, bots and girl (bitchick).......... BTC is on its way to da moon.

NEW ATH.... .here we come!!!!

[ChartBuddy]

Explanation

[Davyd05]

buying is nice to see but, will we just have a nice 3k red dildo slapped across faces again?

[Room101]

number of transactions per day continues it's relentless march higher. Bitcoin is fulfilling its function. Cheap fast transfer of value. Still feeling bullish, will continue to hodl.

[cbeast]

  Question:   Bottom won't be reached until we see extremely high volume on a drop?
agree   - 89 (50.3%)
disagree   - 88 (49.7%)
Total Voters: 177

Very even split.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Gimmelfarb]

  Question:   Bottom won't be reached until we see extremely high volume on a drop?
agree   - 89 (50.3%)
disagree   - 88 (49.7%)
Total Voters: 177

Very even split.

interesting, hadn't noticed the new poll. i'm in the "we need a capitulation to rally hard" camp. i've seen these slow bottom fishing expeditions before. the bounces are so weak and can never retake the lost supports. i'm not buying back in yet.