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

[janos666]

Poll suggestion: <=315$ in 24<t<48 hours?

[Newbie1022]

Poll suggestion: <=315$ in 24<t<48 hours?

Absent ETF, and maybe even if, this s--- is falling off the table in the next 48 hours. 266 or below would be a good a survey question.

Note: this assumes some sort of flash crash or at least culling of some long positions along the way... otherwise, that type of drop in a short period of time would be absurd.

[dakota neat]

Poll suggestion: <=315$ in 24<t<48 hours?

>=330$ next week

[Moria843]

What do you guys think about the lack of asks in the books? The ask side is totally flat on both Stamp and Finex - no walls, no even small ramps - only the Chinese exchanges seem to have some kind of balanced book.

That means there are a lot more buyers (bids) than there are sellers (ask) at the current price. A bullish sign, but my Ouija board could be wrong.

[ChartBuddy]

Explanation

[Tzupy]

I did some crystal ball analysis today and came to the conclusion that I should stop buying bitcoin because we probably go to around $100
Earlier today I even thought it would be around 200 but my crystal ball came up with a new number just minutes ago.
Lets hold them coins and only buy new ones at 100  You'll get 3 times more than with current prices!

Careful with the reverse psychology, you may jinx it. I hope it won't drop down to 100$, because it would undermine my future trading profitability.

[janos666]

Poll suggestion: <=315$ in 24<t<48 hours?

Absent ETF, and maybe even if, this s--- is falling off the table in the next 48 hours. 266 or below would be a good a survey question.

Note: this assumes some sort of flash crash or at least culling of some long positions along the way... otherwise, that type of drop in a short period of time would be absurd.

Well, I didn't want to go as far as predicting what might happens next if the invisible wall around ~315$ gets breached. I don't try to predict the events of a future chaos. I am happy if I can tell chaos is coming or gets dodged.

[Erdogan]

Interesting how popularity of this forum is so correlated with the price.
Meaning, people are more interested in bitcoin while it is more expensive than while it's cheap. Isn't that ironic?

Does that mean they're not truly interested in bitcoin, but only in dollars?

They don't understand that in the minds of millions of users and potential users, the value grows as we speak, and this will be expressed on the exchanges when those people get their fingers out of their asses, and place bids.

[Fatman3001]

Of course there are exeptions but I think on average my statement is true, which again begs the question: "why would a majority of them choose to buy a depreciating asset with no other use case than speculation?"

That question is important, because if it can´t be satisfactorily answered it kind of looks like we are all waiting for the richest 1% of the global population to have a stroke simultaneously, and that might be unlikely.

Rich people can do dumb things, and get caught up in the emotion of excitement and greed, just like anyone else.

Because a majority of those rich people investing in bitcoin are caught up in the emotion of excitement and greed, just like many others.

It's a cash grab for most investors. They don't care about the technology or the ideology regarding bitcoin. They just want to hopefully line their pockets some more on the backs of greater fools.

So the future of Bitcoin IS reliant on rich people being near-brain-damage-daft or have a simultaneous stroke. Nice to know.

[NotLambchop]

...the value grows as we speak, and this will be expressed on the exchanges when those people get their fingers out of their asses, and place bids.

As we speak, millions of shitstained fingers are reaching for the "buy" button.

You May Have Already Won!

[octaft]

So the future of Bitcoin IS reliant on rich people being near-brain-damage-daft or have a simultaneous stroke. Nice to know.

Well if you define the future as "super high prices," it's most likely going to involve a lot of suckers, sure. Whether they're a handful of rich suckers or a truckload of middle-class suckers doesn't make much difference.

[DieJohnny]

Price has to get so comfortable above 300 or at some consolidation point that nobody is waiting anymore for a drop, not sure when that is going to happen.

To many people still have memories of $60 coins, those memories have to fade into oblivion.

Can we go as low as 275 again, maybe, but i feel that is most certainly the floor, anyone that is bullish at all will buy all they can at that price including myself.

[Omikifuse]

Explanation

Orderbook is exactly like:



Will that means we are up or nowhere but down?

Only certain thing is that the next 24 hours are decisive

[Fatman3001]

So the future of Bitcoin IS reliant on rich people being near-brain-damage-daft or have a simultaneous stroke. Nice to know.

Well if you define the future as "super high prices," it's most likely going to involve a lot of suckers, sure. Whether they're a handful of rich suckers or a truckload of middle-class suckers doesn't make much difference.

If XBT is going to work as a currency or a store of value then it needs to be able to handle multiple daily near instant XBT/fiat conversions on the order of at least $10 million without the price fluctuating wildly (more than 0.5%). For that to happen you need high XBT prices and high volume. Of course you could say that the destiny for XBT is to enable kids to buy apps and ring tones to their phones without their mums VISA, but that is hardly what Bitcoin was supposed to be.

[Walsoraj]

http://www.cnbc.com/id/102146894 (Yantra Financial Tech)

BTC This is gonna be huge and bullish as fuck! BTC

[Omikifuse]

http://www.cnbc.com/id/102146894 (Yantra Financial Tech)

BTC This is gonna be huge and bullish as fuck! BTC

Nothing is bullish anymore on Bitcoin world

We are $100 below the price when Paypal announced the bitcoin stufff

[NewLiberty]

I think it is sad that the poll uses "Halloween" to mark the day rather than "THE ANNIVERSARY OF THE SATOSHI WHITEPAPER"

[Fatman3001]

I think it is sad that the poll uses "Halloween" to mark the day rather than "THE ANNIVERSARY OF THE SATOSHI WHITEPAPER"

That makes sense. Trick or treat!

[hmmkay]

Price will catch up with the value-increase soon™.
Try harder little bear-trolls, time is running out.

[ChartBuddy]

Explanation