Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16281. (Read 26609691 times)

Shiiiiiiit.

I lost 30 :/
Funny thing is I thought the savings and trust was dodgy af, so invested in another one. Turned out that was investing in BS&T... really should have read a bit more 

Breaking out? I think 4k is incoming.

I wonder where all those hero and legendary trolls proclaiming doom are now?    Nobody's buying that fud anymore?

It took a lot of dumps and sideways back in 2014/2015 to build the foundations of today price levels. The rocket needs to refuel every once in a while because all of you know that every bull run is so much fun.
Go back in this thread to see what it was like during the 4K escalation a while ago.
Holding the keys is the key 

You are right, that it never hurt nobody... but we are not there. 

We are going to get a resolution in one direction or another.  We are in the midst of a 22 week long battle, and there is no real sign that either side is giving up regarding the direction... accordingly, you do not get sideways when there continues to be so much price disagreement and so much willingness to throw a lot of coin (and dollars) at attempting to resolve the matter in your favor.. and accordingly, we could have this extensive battle for several more months, but we are likely not going to be staying in the $3400 to $4300 price range throughout that time..

Furthermore, we could break out one direction and then the other, and I think that the more likely direction remains up - so even though sideways is a possibility, it is not a very high one and even less of a possibility that meaningful sideways could be sustained for a whole fucking 12 months.   

Because the market is dull at the moment, some reading pleasure: https://mobile.twitter.com/marting/status/910706119479246848?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fhackernoon.com%2Fmedia%2Ff55c1c16d2477c4e7ce3d54b81b9d4e6%3FpostId%3De794cf33c5b2

Can you hear that (mainstream) wave coming?

HODL everything.

since Jimbo's daily update has started to include bcash I guess shitcoins are fair game now so who decided to pump zcash and why

The explosion theory. I favor that one 

Stability has always fueled the Bitcoin rocket.

12 months of sideways never hurt nobody

In recent days, I have come to the tentative conclusion that BTC prices are currently bouncing around in a kind of consolidation range of approximately $3400 to $4300 - so yeah, it is a BIG range and we are currently a bit into the upper half of such range; however, I don't really see any reason to get too excited if the price bounces around in such range - until it appears poised to break such range or if it does in fact break the range.... furthermore, since we seem to continue to be in a bull market, I place slightly higher chances that prices are going to break to the upside of the range, rather than to the downside of the range. 

If it stays here for the rest of the year, it will be good for Bitcoin price. Then we will see a massive explosion next year.

I have no idea, what your´re talking about, but i´m hodling 

couldn't agree more

Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900.  The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.

A goldbug I used to work with tried to give me one of these from his roll during the collapse. To rub my nose in it...as it were.



I could never get him to understand. And now it's too late.

Wow, I didn't know that even Finney's account was hacked.  Now I have to be more careful about various old accounts starting to posting again after all these years, lest they be some doppelgangers.

As for gold price, the "flow" matters more than "stock", since gold has a massive 190K ton stock, that's like 6 billion ounces, almost enough for 1 gold coin per population on this planet.  So you look at how much Indian demand are for this year and how many mines are going shut down or come online based on spot price and how much they hedged, etc.  Investment demand didn't have that much of an impact until like 12 years ago (unless you want to go back to 70's).  

The main problem with gold price (besides manipulation through derivatives) is the "scrap" or recycled supply whenever price spike.  Since gold has HUGE stock in the wild, when price spike, some people are going to haul in their hoard (jewelry and heirloom) and exchange them for cash.  Like this Japanese man who recently got robbed in the middle of Ginza, which is like the most upscale and prosperous area in Tokyo,   https://mainichi.jp/english/articles/20170731/p2a/00m/0na/011000c
Or this one in Ginza again, http://www.tokyoreporter.com/2017/07/03/tokyo-cops-hunting-for-man-who-walked-off-with-3-kg-of-gold-in-ginza/
Or another one in different place http://www.telegraph.co.uk/news/2016/12/14/fake-police-walk-4m-gold-japan/
You can find similar report in Hong Kong too but often more bloody and sanguine.  

So it's reasonable to expect the BTC/Gold ratio to get bigger and bigger overtime since BTC does have less of an overhang in supply (e.g. whales waiting to dump).

This is a contest that all HODLERS win.

 

Its getting close!   

END list, good luck!

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