Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17627.

gembitz

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*Brute force will solve any Bitcoin problem*

Quote from: JimboToronto on March 12, 2017, 10:23:28 AM

Good morning Bitcoinland.

I see that after Friday's drama we seem to have gotten back to Bitcoin's normal state of affairs, creeping upward... currently $1205USD (Bitcoinaverage).

In my opinion, there were more people anticipating ETF rejection than approval, as evidenced by polls ranging from 30%-50% expecting acceptance.

This led many to save the fiat that they otherwise would have spent on bitcoins during the period leading up to the decision, hoping to buy a deep dip.

When the dip wasn't as deep as anticipated, they waited for a further dip which hasn't come yet. They're now starting to realize that another large drop might not immediately happen, so they're starting to use those reserved funds to buy more coins while the price is still down.

Hopefully most of us were smart enough to buy when prices were below $1100 and not get too greedy by waiting for it to drop much below $1000.

Personally, when I saw it momentarily go below $1000 and bounce right back up over again, I made my move and bought my coins.

Now in retrospect I'm glad I did.

^i think we are heading towards $2000 ~ just a hunch :-D

becoin

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Quote from: mckk on March 12, 2017, 10:27:50 AM

Quote from: BinaryReign on March 12, 2017, 10:21:46 AM

Quote from: Ted E. Bare on March 12, 2017, 09:58:28 AM

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people Wink

Man I was talking about short term, I repeat SHORT.

Don't panic! If you can't buy now you'll have chance to buy at 1300 on Monday.

spooderman

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Quote from: JimboToronto on March 12, 2017, 10:23:28 AM

Good morning Bitcoinland.

I see that after Friday's drama we seem to have gotten back to Bitcoin's normal state of affairs, creeping upward... currently $1205USD (Bitcoinaverage).

In my opinion, there were more people anticipating ETF rejection than approval, as evidenced by polls ranging from 30%-50% expecting acceptance.

This led many to save the fiat that they otherwise would have spent on bitcoins during the period leading up to the decision, hoping to buy a deep dip.

When the dip wasn't as deep as anticipated, they waited for a further dip which hasn't come yet. They're now starting to realize that another large drop might not immediately happen, so they're starting to use those reserved funds to buy more coins while the price is still down.

Hopefully most of us were smart enough to buy when prices were below $1100 and not get too greedy by waiting for it to drop much below $1000.

Personally, when I saw it momentarily go below $1000 and bounce right back up over again, I made my move and bought my coins.

Now in retrospect I'm glad I did.

seems like a fair analysis. i also rode the waves nicely i'm proud to say (first time ever). i sodl the second it got rejected, bought back below $1k and increased my stash a little.

Ted E. Bare

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Bear with me

Short term reality facts: Global exponential growth in demand for bitcoin. Sure on the exchanges we have traders manipulating the price, but the real world demand might be too strong to manipulate the price down.

mckk

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Quote from: BinaryReign on March 12, 2017, 10:21:46 AM

Quote from: Ted E. Bare on March 12, 2017, 09:58:28 AM

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people Wink

Man I was talking about short term, I repeat SHORT.

JimboToronto

legendary

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You're never too old to think young.

Good morning Bitcoinland.

I see that after Friday's drama we seem to have gotten back to Bitcoin's normal state of affairs, creeping upward... currently $1205USD (Bitcoinaverage).

In my opinion, there were more people anticipating ETF rejection than approval, as evidenced by polls ranging from 30%-50% expecting acceptance.

This led many to save the fiat that they otherwise would have spent on bitcoins during the period leading up to the decision, hoping to buy a deep dip.

When the dip wasn't as deep as anticipated, they waited for a further dip which hasn't come yet. They're now starting to realize that another large drop might not immediately happen, so they're starting to use those reserved funds to buy more coins while the price is still down.

Hopefully most of us were smart enough to buy when prices were below $1100 and not get too greedy by waiting for it to drop much below $1000.

Personally, when I saw it momentarily go below $1000 and bounce right back up over again, I made my move and bought my coins.

Now in retrospect I'm glad I did.

BinaryReign

full member

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BTC HODLer

Quote from: Ted E. Bare on March 12, 2017, 09:58:28 AM

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people Wink

mckk

newbie

Activity: 27

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Quote from: notme on March 12, 2017, 10:18:15 AM

Quote from: mckk on March 12, 2017, 10:11:58 AM

Ok, Maybe I wasn't too precise - IMHO It's going to rise in long-term. But in a short term I think there will be correction - pre-ETF hype took price to 1290$ level, ETF happened causing drop and now what? Why are we going up so fast? Price should oscillate around 1000$ imo.

See my reply to killerpotleaf a couple posts up.

Which post number?

notme

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Quote from: mckk on March 12, 2017, 10:11:58 AM

Ok, Maybe I wasn't too precise - IMHO It's going to rise in long-term. But in a short term I think there will be correction - pre-ETF hype took price to 1290$ level, ETF happened causing drop and now what? Why are we going up so fast? Price should oscillate around 1000$ imo.

See my reply to killerpotleaf a couple posts up.
https://bitcointalksearch.org/topic/m.18159273

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: mckk on March 12, 2017, 09:54:48 AM

Quote from: JayJuanGee on March 12, 2017, 09:45:54 AM

Quote from: mckk on March 12, 2017, 09:22:04 AM

Quote from: Ted E. Bare on March 12, 2017, 09:18:58 AM

Breakout to the upside in progress? Happening?

Pre-dump breakout Grin

Wishful thinking mckk. I am sorry about the loss of your short.

The fact of the matter is that maybe you can sell a little bit of BTC to take out some risk, but do not sell large portions or short, because the upside potential is much greater than the downside, and if you bet on downwards, then you run a considerable risk of either getting left behind or having to buy back at a higher price

Actually I've earned a bit on my shirt when ETF was announced (because my market order was executed too late). Anyway I'm a bit negative because I see no real reason for bitcoin to rise so fast tbh.

About your tip to not sell all btc at such important events as ETF, that's smart but when I play with leverage I cannot risk getting my position liquidated.

You likely have a bit of a different mind-set from me because you are engaged in leveraging and attempting to predict (and to play upon) short term price movements.

That is not my strategy, so yeah, it causes us to think differently and then to play the short term movements differently.

Regarding whether BTC prices are in a bit of a bubble, that perspective is surely not a given.

You could be correct that we could have some more correction, but we could also go to $2k, $5k or even a bit higher. No matter what, I would not get locked into thinking that BTC prices cannot go up much more or that maybe even the upside potential is only $2k (or something like that). Therefore, there is nothing wrong with preparing for down, so long as you also prepare for up... but to each his own.

notme

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Quote from: Killerpotleaf on March 11, 2017, 08:03:55 PM

Quote from: leowonderful on March 11, 2017, 07:51:56 PM

Quote from: Killerpotleaf on March 11, 2017, 07:44:22 PM

Quote from: marcus_of_augustus on March 11, 2017, 07:28:37 PM

Feels like a big disconnect between trader's "sentiment" and the external market here to me.

I think traders got overly focused (obsessed even) with the wtf ETF because it was 'their thing', Wall St., big bucks, yada yada yada, etc BS. So price has been dominated by trader's sentiment towards ETF thinking since at least mid December .... meanwhile the physical market on the street in India, Japan, China, Asia, Brazil, S. America, UK Europe, USA, etc has been picking up some serious exponential growth steam, look at wallet adoption numbers, s/ware downloads, localbitcoins.com.

Just saying you guys might be missing the woods for the trees. Try not to get run over by the bitcoin moon train when scalping your trading card pennies up off the track ...

the question now is, can the market support these prices without this "ETF coming Soon^TM" bullishness.

i'm betting that it can't, and we in for a sizeable drop, probably Below 1000$.. i'm looking forward to a more reasonable 950

Well the worst is likely over, the big selloff was the bulk of it but there might be smaller dips later here and there. I'm betting we'll drop right back down again to 1000 once we poke around 1250 if we even get there or even lower.

the sell off was the bets being placed. now we wait and see if the bets are winners.

I'm sorry to tell you this, but the smart bets were placed before the announcement. The sell off was the longs taking their losses via stop-loss orders/margin calls. The shorts took profit during this time via limit orders. If you weren't proactive, it happened to fast to be reactive. Being reactive rarely works out.

Leveraged shorts have built up quite a bit and leveraged longs have been coming down as the limit order dip buyers take profits. On top of that, everyone who was waiting for a dip and didn't have an order in place is waiting to buy. The ETF was keeping people from committing because they thought they could get in cheaper. If it was positive, they assumed they could buy in higher, but it wouldn't matter. Waiting for another dip probably won't work out very well.

Gillette

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The beast is doing rather well after the ETF event Cool

Arcteryx

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EtherSphere - Social Games

Quote from: becoin on March 12, 2017, 10:13:31 AM

Quote from: mckk on March 12, 2017, 09:54:48 AM

I'm a bit negative because I see no real reason for bitcoin to rise so fast tbh.

There are 7 billion people on that planet and only 21 million coins. Is that not enough as a reason?

When it comes to money or in this case cryptocurrency.
There is never enough to go around. Wink

eddie13

legendary

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BTC or BUST

BTC is rising on the news..

The news is that the ETF didn't matter as much as people thought..

"We thought that hauling 15k lbs with this F150 was going to kill it, but it's no worse for wear.. Damn, better buy more F150s.."

becoin

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Quote from: mckk on March 12, 2017, 09:54:48 AM

I'm a bit negative because I see no real reason for bitcoin to rise so fast tbh.

There are 7 billion people on that planet and only 21 million coins. Is that not enough as a reason?

mckk

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Quote from: notme on March 12, 2017, 10:00:23 AM

Quote from: Ted E. Bare on March 12, 2017, 09:58:28 AM

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Yep. The whitepaper is in my sig for those interested.

Ok, Maybe I wasn't too precise - IMHO It's going to rise in long-term. But in a short term I think there will be correction - pre-ETF hype took price to 1290$ level, ETF happened causing drop and now what? Why are we going up so fast? Price should oscillate around 1000$ imo.

notme

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Quote from: Ted E. Bare on March 12, 2017, 09:58:28 AM

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

Yep. The whitepaper is in my sig for those interested.

Ted E. Bare

hero member

Activity: 658

Merit: 503

Bear with me

No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?

Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.

Yep, definitely no reason for a price increase...

mckk

newbie

Activity: 27

Merit: 0

Quote from: JayJuanGee on March 12, 2017, 09:45:54 AM

Quote from: mckk on March 12, 2017, 09:22:04 AM

Quote from: Ted E. Bare on March 12, 2017, 09:18:58 AM

Breakout to the upside in progress? Happening?

Pre-dump breakout Grin

Wishful thinking mckk. I am sorry about the loss of your short.

The fact of the matter is that maybe you can sell a little bit of BTC to take out some risk, but do not sell large portions or short, because the upside potential is much greater than the downside, and if you bet on downwards, then you run a considerable risk of either getting left behind or having to buy back at a higher price

Actually I've earned a bit on my shirt when ETF was announced (because my market order was executed too late). Anyway I'm a bit negative because I see no real reason for bitcoin to rise so fast tbh.

About your tip to not sell all btc at such important events as ETF, that's smart but when I play with leverage I cannot risk getting my position liquidated.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: Torque on March 12, 2017, 09:31:59 AM

Quote from: ?? on ??

Quote from: Torque on March 10, 2017, 02:43:37 PM

We should all troll the shit out of /r/Buttcoin, jstolfi, and Prof. Bitcorn if the ETF gets approved. Lol Cheesy

LOL.

I know riight? Now they will act all smug and indignant, and never go away.

^{(wait, what am I saying, they're being paid to troll so they will never go away)}

You are correct Torque...

It doesn't matter how wrong some of the paid shill trolls are. They are not going to go away, and they will take every possible opportunity to proclaim that they are correct, and I told you so, even if the facts do not really line up with any prognostication that they are making.

Also, the fact of the matter is that frequently these paid shill trolls refuse to recognize that bitcoin is already a success and the success is not exactly price dependent - but sure there does seem to be quite a bit of validation in price, as well. We could stay floating in the $800 to $1400 arena for years and years, and bitcoin will still be a success, but likely may of us realize that level of stability is a less likely scenario and bitcoin is likely to be volatile to the upside greater than $1400. Who knows what is going to happen, exactly, with price, but the ongoing and current upwards price pressures seem quite considerable and quite broad.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17627. (Read 26713397 times)