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

[rebuilder]

If we go up from here again, everyone will of course remember how the last spike ended in a correction, and not just blindly panic buy. Any rally from now on will therefore be reasonable and moderate.

Right?

[Elwar]

There's no news to create a panic buy and a huge rise.

We will be bouncing around for a while.

[brg444]

There's no news to create a panic buy and a huge rise.

We will be bouncing around for a while.

 

there's no news until there's news

[Thomas-s]

There's no news to create a panic buy and a huge rise.

We will be bouncing around for a while.

The news is already in the charts 

[NotLambchop]

I wake up to THIS?  408?   Have you no shame?!
Any of you economic deviants care to explain yourself?

[oda.krell]

Damn. https://www.reddit.com/r/Bitcoin/comments/2mh7dk/valuations_coinbase_400_mil_bitcoin_4000_mil_so/

what the commentor is saying, it is like comparing apples to oranges

Correct. The title's implied conclusion, that BTC is undervalued, from the Coinbase valuation is probably not valid.

Coinbase @400M USD, just as a standalone statement, is however pretty bullish

[YogoH]

I like it better when the West leads us up. 


Also, I agree with that coinbase valuation. Coinbase isn't reliant on bitcoin's success.

[Phillis]

I like it better when the West leads us up. 


Also, I agree with that coinbase valuation. Coinbase isn't reliant on bitcoin's success.

I agree, i like the example with apple as well.

[ChartBuddy]

Explanation

[Oblodo]

Still holding..

[NotLambchop]

I like it better when the West leads us up. 
...

The people, united under the banner of progressive Communism, shall scientifically lead!


...degenerate capitalist pig

[Phillis]

I like it better when the West leads us up. 
...

The people, united under the banner of progressive Communism, shall scientifically lead!


...degenerate capitalist pig

lol, i love these so much

[Eastbay]

god damn i love this shit

[SkyValeey]

Parabolic China Rocket Mode soon.

[ChartBuddy]

Explanation

[oda.krell]

[Eastbay]

fake out or real thing? this could start a drop, hmm or just a bulltrap?

[galdur]

fake out or real thing? this could start a drop, hmmm

Well, the constantly microscopic volume is always a concern for BTC bulls I guess.

[N12]

Damn. https://www.reddit.com/r/Bitcoin/comments/2mh7dk/valuations_coinbase_400_mil_bitcoin_4000_mil_so/

what the commentor is saying, it is like comparing apples to oranges

Correct. The title's implied conclusion, that BTC is undervalued, from the Coinbase valuation is probably not valid.

Coinbase @400M USD, just as a standalone statement, is however pretty bullish

It's absolutely valid IMO. The commenters on r/bitcoin have their mind clouded by the bear market the same way it was clouded during the rise. I'm surprised at the reaction, but at the same time glad that the sentiment is so bearish because it shows how much potential there's left for the move, even within the context of what could be a bear market rally.

The whole just has to be greater than the sum of its parts, the whole being the BTC asset/numeraire and the parts being exclusively Bitcoin dealing companies.

The argument that Coinbase is valued much more highly because it could survive a Bitcoin death but carry on with other cryptocurrencies is a joke: Go to coinmarketcap.com and look at the rest. The market isn't very worried about the contenders. Plus, even if Bitcoin were to die, this would definitely reduce the value of whatever usurping cryptocurrency there is, and thus the value of Coinbase. So, the risk of Bitcoin dying isn't negated for Coinbase investors, only reduced at best.

[adaseb]

Taking some profit off the table. Converting back to fiat. Looks like it will go down further.