Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18081. (Read 26608947 times)

as long as we get no doom-news like a hacked exchange, a hardfork or similar shit, there will be the stuff that Rampion wrote about.

That's cool then. Do you the exact month the price of bitcoin will blow like bazooka?

it can go up or down, either way am ready

still i have this idea that it will christmas dump cause everybody expect it to explode like 2013

then 2017 is moon

Ipse dixit, huh.

Why not, if I may ask.

The question is: is the market mature and big enough to sustain not only rapid pumping but longer periods with bitcoin price over$800?
I don't think we are ready yet, not in 2016.

No whales can handle/provide the discharge, now ...

Not really, we will go to ATH (around $1200) with no real resistance and then we go exponential for a relatively short time before the crash - like it always happened. I've witnessed this shit three times already

Probably the big rally will not be as exponential and short-lived as in Dec 2013, Apr. 2013 and June 2011 (when price started doubling every week) because the coin is getting mature and the market getting bigger, much more money is needed for the price to double - but its still a very small market which is very prone to big rallies and big crashes.

Why after 785 will we get past 800,900,1000 without too much trouble?

After we pass the $785 mark on Stamp there's no real resistance until ATH. And you know what happens when we approach ATH, right? Media frenzy, irrational exuberance, and exponential we go.

On most other markets (Kraken, BTC-E, Huobi) that resistance point, which is the mid-June high, has already been broken. The other side of the story says that on Stamp we had a double or even triple top, which should be a bad signal.

But Bitcoin never gives a fuck about TA or double or triple tops. Up we go. I'm buying!

Wow lolikop, you have been waiting for (predicting) such a BTC dump for quite some time.

Sure, it is true that sooner or later we are going to get some kind of meaningful correction in the 15% to 25% range, but there is no real indication that it is going to come anytime soon (yeah, I know as soon as it happens,you are going to say, I told you so, I told you so, even though you are just repeating the same nonsense in order to attempt to act like you know something when you seemingly don't).

I was kind of hypothesizing that a 15% to 25% correction would likely occur before mid $800s, but based on some recent price actions, and seemingly continuing price rising that includes relatively moderate trade volumes, it is quite possible that such an anticipated 15% to 25% price correction may not occur until upper $800s.

Either way, nothing is really certain in bitcoinlandia, and even though technically reasonable that we are going to experience a significant price correction at some point, it is NOT a prerequisite condition that we have to have a significant price correction before proceeding to some kind of new ATH in the $2k to $5k territory.  If we do not get a significant price correction before such a new ATH high explosion, then I would predict that the new next ATH would plateau at a lower level closer to $2k rather than $5k.. just my current thinking.

I don't disagree with anything that you are saying here, Roach; however, I think that it remains a bit out of place, at this time, to attempt to place bitcoin into any asset/money categories that is correlated with traditional asset classes mainly because bitcoin is a very immature asset - and therefore, as long as it remains secure as a storage of value, then it is going to continue to be adopted in likely exponential ways - and that likely exponential growth is going to continue to have upwards price pressures on bitcoin - irrespective of the behaviors of various other mature (and likely centrally manipulated) assets/currencies...

Oh, surely, we are still going to have some short term playing off of one asset or currency or another with bitcoin, but overall, this ongoing adoption phase of bitcoin is going to continue bitcoin prices to continue to go up (which does not necessarily make bitcoin more valuable, but just increasingly and increasingly more widely used)

Keep dreaming. While a mega-dump like that would be a great buying opportunity, it's highly unlikely to happen.

That's just wishful thinking. In the real world the price of Bitcoin has been rising long-term, medium-term and short-term, and shows no real reason not to continue rising. Live with it.

Up we go.

You want to say that it's priced in ?

https://youtu.be/xoUNiAyP0zw

Btc getting closer for a mega dump back to 700

Thanks. Hits my grammar nazi trigger every time. The only reason I've not pointed it out as of yet is that I get the impression JJG thinks that I dislike him, and I don't want to reinforce that impression.

Just like franky1's refusal to capitalize anything. Of course, he/she is aware of the issue, and is willfully refusing to conform. I get the sense that JJG's 'passed' is inadvertent.

If it was any more pervasive, I'd have to think about adding it to my sidesig.

Too many variables to address there since you have to posit China makes up the majority of the BTC buyer's market and anytime they perform such arbitrage action that there's a buyer for the coins they inflate to a higher price in the process.  I mean, it all sounds good on paper, but let's say China devalues by 30% in one swoop tomorrow and insider traders buy a bunch of BTC today.  For their trade to function, someone else on the planet has to be willing to buy BTC at 30% higher prices or the price comes back down again.  So it's less of a sure thing and more like a game of do the Chinese feel lucky today?

I agree with what you said R0ach, but don't forget that any raise in the USD will immediately equal to a weakening CNY.