Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17994. (Read 26634199 times)

Up, Up, UP !!! ...

Jimbo, we must be looking at different bitcoinaverages. Getting 1036 here.

We must be getting jaded.

It wasn't long ago that a rise half this size filled this place with GIFs of rockets, trains, moons and happening bunkers.

Now it's "ho hum".

The little bump just now looked to come from western exchanges and especially kraken..
Not china..

$17BTCillion.....soon

2 weeks ago it would have been almost unconceivable  we were sitting at around 790 ish then

Here we go again... $1050USD at Bitcoinaverage. That's $1410CAD. another new ATH.

Yahoo.

Just hit 1,000 EUROS on Coinmarketcap!!!!!!!  Woohoooooooooo!!!!!!!!!!!

wow, hundreds of buys on stamp! Wall beign eaten away faster than i can type.

Just can't win,.   Had to sell enough BTC to cover mining electric expense. Come back 20 minutes later and it has gone up 10 bucks more!!! guess I should still be happy none the less!

To the moon!  

So the Bitcoin price crosses the $1000 mark, and other than the reveling of a few existing enthusiasts/supporters/hodlers, nothing really happens.

The media doesn't say jack about the price rise all last year, waits for > 1000 because they like nice rounds numbers that sound great in a headline.

Average Joe reads the headline in his morning newspaper or web-zine, grumbles something about "that #$!@#$ scam that will crash soon", and goes back to having his morning coffee.

2h PSAR flipped to bullish on OKCoin, looks like the last part of the pump will unfold today (and then crash, of course  ).

Let's see if the weird exchange BTC-E can get over 1000 this time!

It is actually quite good feeling to see every FUD spreader and grim prophet silenced by bitcoin's bullish trend. The worst thing that could happen now is well deserved pull back.
That will actually only strengthen BTC position as more investors will probably join the race here. When that happen - if are wavering - this will be good time to buy.

I thought we now counted in thousands?

$1200 sooon™

 


#radarzzz

Happy BTCirthday https://blockchain.info/block-index/14849!

This Genesis is actually provable 

I could not be bothered to even read through my numerous older posts regarding BTC trade volume, but I must say that in recent days, I have been kind of reassessing my considerations of BTC trade volume.

As many of you may realize, I tend to use Bitstamp as a kind of baseline reference point for attempting to understand BTC price movement, trade volume and attempting to approximate short term BTC price directions (or trends to the extent that we can attempt to predict such); however, I also understand that there are continuing needs to look at what is taking place on other BTC exchanges, as well.

When BTC prices were floating (bouncing around) between the mid $200s and $500 in late 2015, 100k coins traded per week on Bitstamp seemed to be a good threshold consideration for "high" trade volume.

Given the increases in BTC prices (between 2x to 4x higher than late 2015) and ongoing increasing number of exchanges (and ways to trade BTC) and the changing levels of influence of various exchanges on BTC prices and movement, I am starting to think that sustaining over 50k or 60k per week on Bitstamp may be a threshold volume level in defining that we are reaching "high" trade volumes. 

Therefore, the last two weeks of trade on bitstamp are showing a kind of threshold level or "high."  Furthermore, we are in the first couple of days of a new week (new weeks start at midnight monday/sunday UT), and the beginning of this week also seems to show some signs of trade volume picked uppedness...

In other words (TLDR), I am starting to think that as of two weeks ago, BTC trade volume has reached threshold "high" levels. 

This BTC trade volume still seems to be at the low end of "high," but such increasing levels could be a sign of the beginning of a real meaningful price battle.. and let's see where it takes us? 

If BTC prices continue to go up (which seems to be the most likely short term outcome), or if something else happens, such as downward or an ongoing battle that merely results in sideways... I am kind of inclined a little bit, at this time, that more upwards is likely and that the intensity of BTC trade volume increases could continue to go up in the $1,060 to $1,180 price range. 

I am not inclined to think that a BTC price battle in the  $1,060 to $1,180 range is necessarily predestined for a BTC price reversal within that range - because there also does seem to be decent chances that we could break to the upside, through the $1,060 to $1,180 price range.

At the moment, this lower $1k territory is kind of playing out in an interesting way, and I am inclined to believe that the bulls are going to win this one in the coming days, if not sooner.^tm   

Yeah - Pretty sure it's this talk...

https://www.youtube.com/watch?v=i0o_Mg5hY4g

Well well. I see another zany Bitstamp dump without any corresponding movement at Finex or Huobi.

LOL