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

[galdur]

The majority of experts who were willing to venture a guess thought that Bitcoin would be worth more than US$1,000, with several experts placing the value between US$2,000 and US$5,000.
Of special interest were predictions by Sam Cole from KnCMiner who said:

“Large financial players are entering the market this year. I am talking to some of them. If they are to become involved they need the coin to be valued at around US$2,000 to US$3,000… So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t? It seems they are expecting a second Bitcoin rush this year.

This point of view was supported by Bitcoin investor Trace Mayer who believes the latest innovations in the cryptocurrency will enable Wall Street to come into Bitcoin which will push the price up “significantly higher.”

BTC to break $2,000 mark by Christmas – Experts

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

[Brewins]

we know we are in sideways when people act like $10 variation in price is super significant

[ChartBuddy]

Explanation

[galdur]

So, which of those idiots will go bust first ?

[LFC_Bitcoin]

we know we are in sideways when people act like $10 variation in price is super significant

The price sucks at the moment but any slight price rise at least delays an eventually inevitable drop.

[criptix]

How do we know Warren Buffett isn't investing in BTC?

If he's not happy with his holding yet & needs to add to it why the hell would he speak positively about BTC?
The price would shoot up & he'd penalise himself.

Warren Buffet's BH owns 10% of IBM ... yes the same IBM that is going hard on the Internet of Things and 'blockchain' tech.

Join the dots, the guy speaks with forked tongues on many markets.

i though ibm is doing researches based on blockchain-tech, not bitcoin itself?
i guess either way it seems advantageous to talk bitcoin down from buffest standpoint

[unent]

The majority of experts who were willing to venture a guess thought that Bitcoin would be worth more than US$1,000, with several experts placing the value between US$2,000 and US$5,000.
Of special interest were predictions by Sam Cole from KnCMiner who said:

“Large financial players are entering the market this year. I am talking to some of them. If they are to become involved they need the coin to be valued at around US$2,000 to US$3,000… So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t? It seems they are expecting a second Bitcoin rush this year.

This point of view was supported by Bitcoin investor Trace Mayer who believes the latest innovations in the cryptocurrency will enable Wall Street to come into Bitcoin which will push the price up “significantly higher.”

BTC to break $2,000 mark by Christmas – Experts

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

That was published on 2014-05-28. As a footnote it says this about the price on Christmas day.

However, some were more bearish on Bitcoin’s growth. Bobby Lee from BTC China, who has been hit with uncertainties over regulation in China, offered a much more modest price, suggesting that it would be over US$500.

Even Bobby Lee got it wrong!

[galdur]

Consolidation, bubble limps along for a couple months, then the big crash

You may want to compare this to a 6-month chart of BTC.

[unent]

How do we know Warren Buffett isn't investing in BTC?

If he's not happy with his holding yet & needs to add to it why the hell would he speak positively about BTC?
The price would shoot up & he'd penalise himself.

Warren Buffet's BH owns 10% of IBM ... yes the same IBM that is going hard on the Internet of Things and 'blockchain' tech.

Join the dots, the guy speaks with forked tongues on many markets.

i though ibm is doing researches based on blockchain-tech, not bitcoin itself?
i guess either way it seems advantageous to talk bitcoin down from buffest standpoint

I thought IBM was considering cloning Ethereum, not bitcoin.

[galdur]

The majority of experts who were willing to venture a guess thought that Bitcoin would be worth more than US$1,000, with several experts placing the value between US$2,000 and US$5,000.
Of special interest were predictions by Sam Cole from KnCMiner who said:

“Large financial players are entering the market this year. I am talking to some of them. If they are to become involved they need the coin to be valued at around US$2,000 to US$3,000… So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t? It seems they are expecting a second Bitcoin rush this year.

This point of view was supported by Bitcoin investor Trace Mayer who believes the latest innovations in the cryptocurrency will enable Wall Street to come into Bitcoin which will push the price up “significantly higher.”

BTC to break $2,000 mark by Christmas – Experts

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

That was published on 2014-05-28. As a footnote it says this about the price on Christmas day.

However, some were more bearish on Bitcoin’s growth. Bobby Lee from BTC China, who has been hit with uncertainties over regulation in China, offered a much more modest price, suggesting that it would be over US$500.

Even Bobby Lee got it wrong!

You don´t get the point.

They anticipated $1000 by now.

This led to extreme over-investment in mining equipment.

Major bankruptcies are most likely imminent.

[unent]

The majority of experts who were willing to venture a guess thought that Bitcoin would be worth more than US$1,000, with several experts placing the value between US$2,000 and US$5,000.
Of special interest were predictions by Sam Cole from KnCMiner who said:

“Large financial players are entering the market this year. I am talking to some of them. If they are to become involved they need the coin to be valued at around US$2,000 to US$3,000… So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t? It seems they are expecting a second Bitcoin rush this year.

This point of view was supported by Bitcoin investor Trace Mayer who believes the latest innovations in the cryptocurrency will enable Wall Street to come into Bitcoin which will push the price up “significantly higher.”

BTC to break $2,000 mark by Christmas – Experts

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

That was published on 2014-05-28. As a footnote it says this about the price on Christmas day.

However, some were more bearish on Bitcoin’s growth. Bobby Lee from BTC China, who has been hit with uncertainties over regulation in China, offered a much more modest price, suggesting that it would be over US$500.

Even Bobby Lee got it wrong!

You don´t get the point.

They anticipated $1000 by now.

This led to extreme over-investment in mining equipment.

Major bankruptcies are most likely imminent.

How often do big companies usually have to pay installments on their bank loans? Most shops and factories have to pay at the end of each quarter if they are renting premises, which explains empty shops after Christmas. Do big companies usually have to pay bank loan installments quarterly?

[LFC_Bitcoin]

Good.

Fewer miners means fewer coins on the market which means higher prices.

[galdur]

The majority of experts who were willing to venture a guess thought that Bitcoin would be worth more than US$1,000, with several experts placing the value between US$2,000 and US$5,000.
Of special interest were predictions by Sam Cole from KnCMiner who said:

“Large financial players are entering the market this year. I am talking to some of them. If they are to become involved they need the coin to be valued at around US$2,000 to US$3,000… So I am predicting around US$2,000 to US$3,000.”
Interestingly, Dr. Marco Krohn from Genesis Mining suggested the same figure of US$2,000 to US$3,000. What is it that miners know that the rest of us don’t? It seems they are expecting a second Bitcoin rush this year.

This point of view was supported by Bitcoin investor Trace Mayer who believes the latest innovations in the cryptocurrency will enable Wall Street to come into Bitcoin which will push the price up “significantly higher.”

BTC to break $2,000 mark by Christmas – Experts

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

That was published on 2014-05-28. As a footnote it says this about the price on Christmas day.

However, some were more bearish on Bitcoin’s growth. Bobby Lee from BTC China, who has been hit with uncertainties over regulation in China, offered a much more modest price, suggesting that it would be over US$500.

Even Bobby Lee got it wrong!

You don´t get the point.

They anticipated $1000 by now.

This led to extreme over-investment in mining equipment.

Major bankruptcies are most likely imminent.

How often do big companies usually have to pay installments on their bank loans? Most shops and factories have to pay at the end of each quarter if they are renting premises, which explains empty shops after Christmas. Do big companies usually have to pay bank loan installments quarterly?

Maybe the bankers have been trying to slow some of those idiots

down lately (the plateau) to try to minimize losses.

[NotLambchop]

Good.

Fewer miners means fewer coins on the market which means higher prices.

How is it you're invested in BTC and don't understand how mining works?  The depths of ignorance on these fora are unplumbable

[galdur]

Well, in the real world sane people don´t usually increase production

the more what is being produced falls in price.

[spooderman]

Good.

Fewer miners means fewer coins on the market which means higher prices.

This your first day?

[inca]

Good.

Fewer miners means fewer coins on the market which means higher prices.

This your first day?

Technically he is right, as fewer miners slightly delays the block reward, no?

[derpinheimer]

Good.

Fewer miners means fewer coins on the market which means higher prices.

This your first day?

Technically he is right, as fewer miners slightly delays the block reward, no?

Fewer miners wont, but the lack of hashrate increasing "relatively" delays them.

I mean, if the hashrate actually drops substantially, yeah, blocks will be delayed. But right now its more of a plateau.

[galdur]

Pretty strong trend. Where is it going ? Where will the bottom be ?

[criptix]

Good.

Fewer miners means fewer coins on the market which means higher prices.

This your first day?

Technically he is right, as fewer miners slightly delays the block reward, no?

well, short-term he's probaly right, but in the average it wont do anything