And what exactly makes you think that the Japanese plan for long-term holding and these are not just more speculative bubbles? When a drop happens they will dump like everyone else.
The large trader Japs want more yen, they don't care about Bitcoin. Bitcoin gains its long-term value from it's usability as a currency, and it's still restricted as of today in its ability to do this.
Bitcoin does NOT gain long-term value from millionaires & billionaires playing with their play money trying to increase their FIAT currency holdings on the speculative exchanges.
I know you guys want this price rise to last but look at things objectively. The scaling debate still hasn't been resolved.
Wait until after the scaling issue is over-with to go PERMABULL on steroids.
Until the scaling debate is resolved, Bitcoin's market share dominance will continue to drop. It's already below 60%. Pretty soon it will be below 50%. And it will be a historic moment for crypto when this happens.
That being said once Bitcoin can finally scale, I wager a price increase up to 2K+, followed by 3K, etc etc, and BTC's marketshare dominance will shoot back up to 90+%, with all the altcoins dropping like rocks.
Once the scaling debate is done and the war is settled. THEN it's time for bulls on parade:
https://www.youtube.com/watch?v=3L4YrGaR8E4
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17298. (Read 26609878 times)
May 05, 2017, 11:07:07 AM
May 05, 2017, 10:58:59 AM
So what's going on with the nips? Why do they suddenly care?
May 05, 2017, 10:58:11 AM
The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
I am thinking the same thing. Bitfinex price had to rise and everyone followed.
With Bitcoin finding the price point is difficult. Nobody knows what it is worth so you just go with the flow.
The main thing to keep it from jumping to 1 million is that there are 12.5 BTC created every 10 minutes. There is at least some price limiter from miners.
I believe that most miners are smart enough to hold off on selling during a rally. Though they have bills at the end of the month that they can only hold back on so long.
May 05, 2017, 10:51:59 AM
The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.
No reason at all why other exchanges would follow Bitfinex. Bitfinex is following the other exchanges. A low liquidity can cause lowered prices relative to other exchanges as well.True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
The Japanese yen was near insignificant in Bitcoin before. Now it represents over half of all trading volume. That's definitely enough.I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Reality. 
May 05, 2017, 10:50:12 AM
The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
I am thinking the same thing. Bitfinex price had to rise and everyone followed.
With Bitcoin finding the price point is difficult. Nobody knows what it is worth so you just go with the flow.
The main thing to keep it from jumping to 1 million is that there are 12.5 BTC created every 10 minutes. There is at least some price limiter from miners.
I believe that most miners are smart enough to hold off on selling during a rally. Though they have bills at the end of the month that they can only hold back on so long.
May 05, 2017, 10:41:53 AM
The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
And what you call the shitcoin rise then? Natural? Sustainable?
In terms of finex their will be an announcement coming on the weekend or monday at the latest.
1400 would still be a very good level for a bottom.
May 05, 2017, 10:40:39 AM
The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
More than half of all global volume is in JPY and you think it has to do with Finex?
That's ridiculous. Try again.
May 05, 2017, 10:30:35 AM
The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.
I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.
Look for a correction down to 1400ish
May 05, 2017, 10:21:13 AM
Good morning Bitcoinland.
It seems $1600 will be a slightly tougher nut to crack than $1500, which we breezed through.
After yesterday's substantial correction/profit-taking/beartrap and subsequent recovery, we seem stuck in the $1550-$1600 range... currently $1575USD (Bitcoinaverage).
This might take a couple of days before we get back to our regular ATHs. In the meantime we're still stringing together green daily candles.
Let's see what today's weighted average looks like when Dooglus updates his Top 20 Days thread.
It seems $1600 will be a slightly tougher nut to crack than $1500, which we breezed through.
After yesterday's substantial correction/profit-taking/beartrap and subsequent recovery, we seem stuck in the $1550-$1600 range... currently $1575USD (Bitcoinaverage).
This might take a couple of days before we get back to our regular ATHs. In the meantime we're still stringing together green daily candles.
Let's see what today's weighted average looks like when Dooglus updates his Top 20 Days thread.
May 05, 2017, 10:16:16 AM
Looks like Bitcoin is dead again...
May 05, 2017, 10:11:23 AM
What do you think, how much time do we have left until they (Jews - the worlds elite) ban bitcoin worldwide due to potential danger for "terrorism"? Since they forbid anything they have no control over. Here in Germany (Europe in general) they started to ban prepaid phone cards already. Anything that you can buy without an ID is a risk for them control freaks.
My guess is, as soon as they will start their own crypto currency. I think about 2-3 years left?
My guess is, as soon as they will start their own crypto currency. I think about 2-3 years left?
Will not happen! They may try to regulate it even more.
But that will increase demand even more and people will buy more and more off exchanges.
You can not stop Bitcoin!
Germany is a shit place already! And I live there as well and can't wait to leave this place. But things need to be prepared well for that.
Haha you guys are so spoiled! Have a bockwurst and a Polaner and relax already!
Curious where you would prefer to live outside of North-West Europe....
May 05, 2017, 09:52:55 AM
Prediction:
With the price increase people will start shouting from the rooftops about BU or Segwit scaring away all of the new adopters that thought Bitcoin was a good place for their money. Using FUD to make people belive that without their preffered upgrade, Bitcoin is doomed.
Then the price will tank.
With the price increase people will start shouting from the rooftops about BU or Segwit scaring away all of the new adopters that thought Bitcoin was a good place for their money. Using FUD to make people belive that without their preffered upgrade, Bitcoin is doomed.
Then the price will tank.
May 05, 2017, 09:39:21 AM
Jesus, even Doge is up 100% for the whole month.
Time to start trading altcoins, this is ridiculous.
Time to start trading altcoins, this is ridiculous.
May 05, 2017, 09:38:22 AM
PEW PEW PEW
MUCH WOW
RIPPLE BUTTS
MUCH WOW
RIPPLE BUTTS
May 05, 2017, 08:50:04 AM
It's tough to say, but my gut tells me this is a bear trap. I would like to see $1600+ today... that would be nice.
There will be a lot more blood spilled in the streets of ALT coin land if that holds true.
It will be an interesting day.
There will be a lot more blood spilled in the streets of ALT coin land if that holds true.
It will be an interesting day.
Agreed! Eventually some BTC that is being accumulated will flow into the best alts and decouple from bitcoins grasp! Personally I think the rise over the past few months has a lot to do with the Xrp story out of Japan and a handful of others with cutting edge stuff...
Can someone say "decoupling"!
Look ppl like John bollinger @bbands have been praising some of the alt coin developers on Twitter for changing the world!
https://mobile.twitter.com/bbands/status/829747733586026496
This is just the beginning IMHO! Big worthless paper bucks will continue pouring into Bitcoin and in turn the best alts! That will fuel Btc much higher over time ...
Ppl saying otherwise have there heads in the sand IMo
May 05, 2017, 08:43:23 AM
While we all laughed at Doge some people made serious money
Some people make serious money out of every ponzi. And that should prove what?
May 05, 2017, 08:32:59 AM
While we all laughed at Doge some people made serious money
May 05, 2017, 08:31:42 AM
2017 should be called "The Year No Alt Left Unpumped"
FTFY
It's really hard to watch.
And if anything, it should be a HUGE red flag to the alt lovers who think their special snowflake alt-du-jour is going to overtake Bitcoin. Because if they all got pumped, then they all can't be better than and universally accepted everywhere, right? Acceptance in the merchant world doesn't work like that.
You'd think anyone with half a brain would start to suspect something is wrong... but alas delusion runs deep. Troll traders just out to prey on the weak minded.
I distinctly remember a time when DOGE lovers literally thought that DOGE was going to take over the entire crypto world, if not the world. Same with Ripple.
I don't think the Japanese banks had any interest in Doge... But they do love ripple!
One day you might get on board with some of these best of class alts...
If banks love an alt this is a big red flag for everybody else to avoid this alt! Except for pump and dump speculation, of course. Even then it is a bad idea to touch it. You can hardly outwit banks in the pump and dump games because they have very deep pockets.
May 05, 2017, 08:12:45 AM
2017 should be called "The Year No Alt Left Unpumped"
FTFY
It's really hard to watch.
And if anything, it should be a HUGE red flag to the alt lovers who think their special snowflake alt-du-jour is going to overtake Bitcoin. Because if they all got pumped, then they all can't be better than and universally accepted everywhere, right? Acceptance in the merchant world doesn't work like that.
You'd think anyone with half a brain would start to suspect something is wrong... but alas delusion runs deep. Troll traders just out to prey on the weak minded.
I distinctly remember a time when DOGE lovers literally thought that DOGE was going to take over the entire crypto world, if not the world. Same with Ripple.
I don't think the Japanese banks had any interest in Doge... But they do love ripple!
One day you might get on board with some of these best of class alts...
May 05, 2017, 08:00:18 AM
2017 should be called "The Year No Alt Left Unpumped"
FTFY
It's really hard to watch.
And if anything, it should be a HUGE red flag to the alt lovers who think their special snowflake alt-du-jour is going to overtake Bitcoin. Because if they all got pumped, then they all can't be better than and universally accepted everywhere, right? Acceptance in the merchant world doesn't work like that.
You'd think anyone with half a brain would start to suspect something is wrong... but alas delusion runs deep. Troll traders just out to prey on the weak minded.
I distinctly remember a time when DOGE lovers literally thought that DOGE was going to take over the entire crypto world, if not the world. Same with Ripple.
comparing doge to xrp... ridiculous lol
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