A fine good morning Bitcoinland.
The uptrend continues... currently $2550USD (Bitcoinaverage).
How many days before a new ATH?
Go Bitcoin go.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17064. (Read 26586198 times)
June 03, 2017, 11:28:46 AM
June 03, 2017, 11:19:36 AM
And we have a new premium runner ... Canada. 
June 03, 2017, 11:18:25 AM
Peter Schiff is the only finance guy that I know that can be so right about the U.S. economy and world markets, and so wrong about what Bitcoin actually is.
Most of the audio is really good and worth a listen:
https://www.youtube.com/watch?v=AF2DDrEaSOg (starts talking about crypto @ 24:18)
It still mystifies him that Bitcoin becomes a new form of digital money and store of value because of people's belief in bitcoin's core attributes as money (i.e., permissionless, deflationary, scarce, utility, divisible, fungible, etc). It never occurs to him, or he's not willing to admit, that PMs got their value from the same power of belief over time.
Sure Bitcoins are not backed by anything. But PMs are not "backed by anything" other than thousands of years of belief that has accrued over time. In time it becomes a self-fulfilling feedback loop.
Sure you can duplicate a crypto, but you can't overnight duplicate the "belief".
Most of the audio is really good and worth a listen:
https://www.youtube.com/watch?v=AF2DDrEaSOg (starts talking about crypto @ 24:18)
It still mystifies him that Bitcoin becomes a new form of digital money and store of value because of people's belief in bitcoin's core attributes as money (i.e., permissionless, deflationary, scarce, utility, divisible, fungible, etc). It never occurs to him, or he's not willing to admit, that PMs got their value from the same power of belief over time.
Sure Bitcoins are not backed by anything. But PMs are not "backed by anything" other than thousands of years of belief that has accrued over time. In time it becomes a self-fulfilling feedback loop.
Sure you can duplicate a crypto, but you can't overnight duplicate the "belief".
June 03, 2017, 11:15:11 AM
Yep ... sames lines.
June 03, 2017, 11:04:21 AM
Yep, and also alts are showing signs of exhausting (about time!) and as I have been saying from some time now, when those fools see that they are losing those crazy returns they will come back to Bitcoin for the HUGE rise. Also Kraken is very bullish and the chinesse are still ahead of all the rest (again).
Of course, noone knows... but it is looking good to me!
Of course, noone knows... but it is looking good to me!
Looking good to me too. Money seems to have shifted from the major alts to the lesser ones. This usually presages a rise in Bitcoin.
A chain split would be a disaster. Forkers will ruin us.
I'll be sure to GTFO before UASF happens. Maybe some want to ride that rollercoaster, I for one don't.
June 03, 2017, 11:01:53 AM
mmmmh, we have a backup rising line, here ...
June 03, 2017, 10:16:11 AM
There won't be consolidation in the summer - instead expect the opposite - a deep retrace, price might reach even sub $1500 level.
All because to FUD caused by USAF in August.
All because to FUD caused by USAF in August.
I don't think so. Judging from what happened to ethereum, even at the worst case scenario if you end up with two coins, their combined value will be way higher than before the split. People simply don't care about USAF.
June 03, 2017, 09:47:51 AM
153BTC wall on Bitstamp @2513
The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.
If everything is indeed flipped and we are getting weekend pumps, then it begs a question what will happen on mondays, which used to be bullish until now. Dont you agree?
Recovery takes forever and OKcoin lost 10% of its value this morning, I am not so sure, that we will see continuation of uptrend just yet. Maybe more consolidation into the summer?
What if this is not a weekend pump, but a week pump warm-up?
The news are favorable for another rise
June 03, 2017, 08:30:16 AM
153BTC wall on Bitstamp @2513
The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.
If everything is indeed flipped and we are getting weekend pumps, then it begs a question what will happen on mondays, which used to be bullish until now. Dont you agree?
Recovery takes forever and OKcoin lost 10% of its value this morning, I am not so sure, that we will see continuation of uptrend just yet. Maybe more consolidation into the summer?
China is not was it used to be in the past, at least until the rules for exchanges are completely defined. Japan has a higher volume. Bitstamp should include an exchange from Japan in their first page
June 03, 2017, 08:13:21 AM
153BTC wall on Bitstamp @2513
The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.
I believe we could see some profit taking again. Just have a look at the weekly candle.
It's huge and almost a full body. Not sure if this will last. But wouldn't be disappointed to get proven worng.
June 03, 2017, 07:58:48 AM
If everything is indeed flipped and we are getting weekend pumps, then it begs a question what will happen on mondays, which used to be bullish until now. Dont you agree?
Recovery takes forever and OKcoin lost 10% of its value this morning, I am not so sure, that we will see continuation of uptrend just yet. Maybe more consolidation into the summer?
Don't to keep the focus on Chinese exchanges, they are not the best source to draw conclusion about bitcoin state in Asia.Recovery takes forever and OKcoin lost 10% of its value this morning, I am not so sure, that we will see continuation of uptrend just yet. Maybe more consolidation into the summer?
We can see that Asian demand for bitcoin remains high, pushing prices higher.
There won't be consolidation in the summer - instead expect the opposite - a deep retrace, price might reach even sub $1500 level.
All because to FUD caused by USAF in August.
June 03, 2017, 07:41:39 AM
I'd be more inclined to take it as a bullish sign that people seem to be stocking up their exchange accounts with fiat in anticipation of the weekend. It might not say anything about Monday.
June 03, 2017, 07:33:31 AM
153BTC wall on Bitstamp @2513
The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.
If everything is indeed flipped and we are getting weekend pumps, then it begs a question what will happen on mondays, which used to be bullish until now. Dont you agree?
Recovery takes forever and OKcoin lost 10% of its value this morning, I am not so sure, that we will see continuation of uptrend just yet. Maybe more consolidation into the summer?
June 03, 2017, 06:27:56 AM
153BTC wall on Bitstamp @2513
The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.
Yep, and also alts are showing signs of exhausting (about time!) and as I have been saying from some time now, when those fools see that they are losing those crazy returns they will come back to Bitcoin for the HUGE rise. Also Kraken is very bullish and the chinesse are still ahead of all the rest (again).
Of course, noone knows... but it is looking good to me!
June 03, 2017, 06:22:07 AM
153BTC wall on Bitstamp @2513
The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.
June 03, 2017, 06:04:06 AM
153BTC wall on Bitstamp @2513
June 03, 2017, 05:13:02 AM
LOL @ you fucking shills trying to link bitcoin to Ethereum. Ethereum is some garbage premine scamcoin that has no relation to bitcoin whatsoever. You see page after page of banker shills trying to claim the destiny of all cryptocurrency is somehow linked to that trash coin. The only reason it ever went up is because R3 banking scum sent the illiquid asset premine to Poloniex and leveraged it to try and short squeeze people.
I personally think all cryptocurrency will eventually die since none of them are actually decentralized and that's what their value is supposed to be based on, but whether the ship sinks or floats will not be determined by some Ukranian IPO scammer named Vitalik.
I personally think all cryptocurrency will eventually die since none of them are actually decentralized and that's what their value is supposed to be based on, but whether the ship sinks or floats will not be determined by some Ukranian IPO scammer named Vitalik.
June 03, 2017, 04:54:31 AM
2499.99 @Bullstamp
June 03, 2017, 04:47:11 AM
bitcoin is somewhat detached today, alts are mostly not going up and there is something going on with eth/etc now. lets see if it will have some effect on btc
June 03, 2017, 04:42:56 AM
This one was a bit different as it induced a very negative emotion on many people. Of course it could be a coincidence, but people seeing others selloff can trigger their own selloff even if they have nothing to do with XMR. XMR was one of the highest volume coins the day of the 'crash'.
Anyway, ETH is a lot bigger, and a capitulation in that one could drag BTC down with it. Everything is connected in crypto, you just have to put yourself in the shoes of someone new to crypto. They have never seen a bear market, only crazy rises. They are all big in ETH because ETH has been on the fast rise. Then they see that one dumping. They are going to panic sell, and I assume sell their BTC too just to be safe.
Just my thoughts and of course that's only if ETH is panic sold. If the decline is as slow as it is now probably nothing will happen to BTC.
Anyway, ETH is a lot bigger, and a capitulation in that one could drag BTC down with it. Everything is connected in crypto, you just have to put yourself in the shoes of someone new to crypto. They have never seen a bear market, only crazy rises. They are all big in ETH because ETH has been on the fast rise. Then they see that one dumping. They are going to panic sell, and I assume sell their BTC too just to be safe.
Just my thoughts and of course that's only if ETH is panic sold. If the decline is as slow as it is now probably nothing will happen to BTC.
NLC?
Your logic defies logic.
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