Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18569.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: steven0021 on June 20, 2016, 12:51:05 PM

Quote from: savetherainforest on June 20, 2016, 12:20:07 PM

WE ARE HERE!!!

Look:

Funny how that looked like a whale Lips sealed

Quote from: inca on June 20, 2016, 12:30:29 PM

next bubble @ 3000 usd Shocked

Very little chance of that happening on this run.

I don't think we'll get another bubble like that one again. Unlike back then, now some people are bound to dump their btc at the slightest sign of bubble (like that one.) bursting. Besides, I think it'll be much better if the price raise steadily instead of going crazy like that
[/quote]

There is much much bigger money getting involved in bitcoin and also consider the global financial situation (again), Juan devaluations and Capital Controls (and most of this buying is from China), rising awareness of a corrupt and inflated money system, Billion plus into BTC infrastructure last year alone, etc.

There are many many more reasons to have another bubble and for us to sustain the price in the thousands. It is just simple math. We are sitting on a disruptive financial technology that is slowly being adopted and has a "market cap" of 12 or so Billion? In finance? lol, we are just getting started....

inca

legendary

Activity: 1176

Merit: 1000

I just think there are a lot of people who held through the last bubble and subsequent crash. They are 3 years older and are likely to take profit now and as we go higher.

The price has already run from 200 to 789 and we aren't even at the halving yet. The whole shebang so far is the market attempting to price in the halving phenomenon before it has actually exerted any effect on new coin emission.

I just don't think we go much higher without a decent shakeout. There is still nearly three weeks to the halving date - lots can happen in that time :-)

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Quote from: steven0021 on June 20, 2016, 12:51:05 PM

Unlike back then, now some people are bound to dump their btc at the slightest sign of bubble (like that one.) bursting.

People like to think that they're older and wiser now, but they're always going to be prone to mania and squealing 'this time it's different'. Human nature doesn't change. And perhaps one day it will be different. Not yet though.

The only people who will be dumping at the key moments are the ice men who are above such things and will always be with us pulling the strings.

steven0021

hero member

Activity: 629

Merit: 501

Experientia docet

Quote from: savetherainforest on June 20, 2016, 12:20:07 PM

WE ARE HERE!!!

Look:

Funny how that looked like a whale Lips sealed

Quote from: inca on June 20, 2016, 12:30:29 PM

Quote

next bubble @ 3000 usd Shocked

Very little chance of that happening on this run.

I don't think we'll get another bubble like that one again. Unlike back then, now some people are bound to dump their btc at the slightest sign of bubble (like that one.) bursting. Besides, I think it'll be much better if the price raise steadily instead of going crazy like that

Karartma1

legendary

Activity: 2310

Merit: 1422

4 days out and it seems like I was off for 1 year. Can't keep up this way. My stop loss orders were devoured on finex.
Still, more than 700$ dollars is a really good price approaching the halving and the brexit. can't wait

BitUsher

legendary

Activity: 994

Merit: 1035

Quote from: inca on June 20, 2016, 12:30:29 PM

Very little chance of that happening on this run.

Brexit

http://www.zerohedge.com/news/2016-06-20/cable-just-snapped

This is good for btc! .

inca

legendary

Activity: 1176

Merit: 1000

Quote from: noobtrader on June 20, 2016, 12:23:00 PM

Quote from: savetherainforest on June 20, 2016, 12:20:07 PM

WE ARE HERE!!!

Look:

next bubble @ 3000 usd Shocked

Very little chance of that happening on this run.

noobtrader

legendary

Activity: 1456

Merit: 1000

Quote from: savetherainforest on June 20, 2016, 12:20:07 PM

WE ARE HERE!!!

Look:

next bubble @ 3000 usd Shocked

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

WE ARE HERE!!!

Look:

toknormal

legendary

Activity: 3066

Merit: 1188

We are starting to get mainstream breakthrough.

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: inca on June 20, 2016, 11:36:24 AM

Bears not breaking through, bulls not pushing higher either.

Not so convinced this is over yet. We may go sideways from here, but we need a retest of the 6xx's (or a decent correction) before pushing a lot higher I would say.

From what the candles speak to me.... "The Dragon" just bought 40.000 BTCitcoins!

I'm not sure how many he needs to bleed and thirst the markets so he can make an easy upward gentle push through all the bullsh!t.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Deeper retracement coming.

julian071

hero member

Activity: 1132

Merit: 818

Alts are up and LTC is down. I took my profit on that falling knife and will wait, a second dump might be coming.

inca

legendary

Activity: 1176

Merit: 1000

Bears not breaking through, bulls not pushing higher either.

Not so convinced this is over yet. We may go sideways from here, but we need a retest of the 6xx's (or a decent correction) before pushing a lot higher I would say.

Alley

legendary

Activity: 910

Merit: 1000

I think we're topped out at $800 until the halving actually decreases supply.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Good morning Bitcoinland.

Still going basically sideways, I see. A couple of attempts to start a panic but after the first one, it was right back to $750 in less than 2 hours, and after the second, we're already back over $740 and climbing.

Pretty much where we were on Friday. After 3 consecutive Sundays of setting new 2-year highs, we got a low-volume continuation of the consolidation period preceding another shot at $780. This could take some time.

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: willope on June 20, 2016, 11:21:15 AM

Soo.. is it a bear trap or a bull trap? Huh

Cuz I'll not sell anything but waiting to buy at a price crash. So.. not doing anything, just waiting. I don't really know, it's like an 50/50 of chances.

https://www.youtube.com/watch?v=G7RgN9ijwE4

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: Elwar on June 20, 2016, 09:43:03 AM

Quote from: savetherainforest on June 20, 2016, 09:39:12 AM

Did any of you made even made a small thinking exercise, on the matter: What happens when BTCitcoin actually costs too much fiat paper to be bought?!?!!

Wow...I never thought of that. Whenever I purchase anything with bitcoins I must always use a full bitcoin.

I know that's exactly how i feel when i want to buy a piece of gum but all i have is a 500€ note. That gum suddenly became was very expensive, damn inflation!

willope

sr. member

Activity: 366

Merit: 261

Soo.. is it a bear trap or a bull trap? Huh

Cuz I'll not sell anything but waiting to buy at a price crash. So.. not doing anything, just waiting. I don't really know, it's like an 50/50 of chances.

glorywhole

newbie

Activity: 42

Merit: 0

Quote from: BitUsher on June 20, 2016, 11:09:39 AM

Good opportunity to buy some btc (just placed my order in) on a dip. Seems like a bit of backlash from the whole DAo fiasco which temporarily removes trust from all crypto and the added backlash from bitter ETH holders doubling down and selling their BTC in retaliation. I'm going to keep buying till at least 2-3k before taking a break.

Ethereum being taken out of commission (seriously this coin is doomed)
http://nakamotoinstitute.org/mempool/ethereum-is-doomed/
http://vessenes.com/ethereum-contracts-are-going-to-be-candy-for-hackers/
http://hackingdistributed.com/2016/06/16/scanning-live-ethereum-contracts-for-bugs/

Is actually quite bullish for bitcoin because it re-affirms the scaling and security direction of bitcoin and undermines any sources that disagree with our principles that has kept us so secure and resilient.

By "the scaling and security direction of bitcoin," do you mean "lie about SegWit release dates & don't deliver anything," or?

Also, any way for you to cut down on schadenfreude? Because that sort of thing tends to come back to bite you.

*And yes, BTC price is dropping, and will continue doing so for the near future. So keeping things topical.

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