Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18667.

Trouble821

full member

Activity: 176

Merit: 100

Quote from: spooderman on June 12, 2016, 05:27:51 PM

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

It didn't sit at 250 for 18 months, it bounced up and down between 200 and 300. Nobody knew if the bottom was in and each time it went back down to 200 people panic sold in case it went further down to 100.

Can you predict how high it will go before crashing again? Will you sell at 5000, then watch it going to 50000 and not buy back at 10000 or 20000?

spooderman

legendary

Activity: 1680

Merit: 1045

Quote from: 2015Bubble on June 12, 2016, 05:29:46 PM

Bulls be like

can confirm.

this is exactly what i be like.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: spooderman on June 12, 2016, 05:27:51 PM

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

No - there aren't but you've got to remember that only a minority are buy to hold.

Most markets are driven by traders constantly cashing out and in. The same people that were in the market at $300 won't be those same participants at another price. Some people are maximising fiat, others are maximising BTC. If you're a "fiat accumulator" then you cash out at every small top and back in at the dips. So the volume is from the same traders entering and exiting again and again.

Many will have joined at $300 and exited at $350 for example. Thousands of others in at $500 and out at $600 and everything in between.

You also can't tell who's gaining and who's losing because a fiat accumulator will take one side of the trade and a BTC accumulator the other side of the trade where one trader measures their gains in fiat and doesn't care how much bitcoin they hold, the other in bitcoin and doesn't care how much fiat they hold.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: spooderman on June 12, 2016, 05:27:51 PM

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

Absolutely, these are the people buying in now.

criptix

legendary

Activity: 2464

Merit: 1145

I took the first option in the poll, just saying LOL

Btw its called FOMO!

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: spooderman on June 12, 2016, 05:27:51 PM

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

>720$ <48hours

2015Bubble

full member

Activity: 196

Merit: 100

Bulls be like

spooderman

legendary

Activity: 1680

Merit: 1045

dafuq is going on. i never understand these pumps. i love them and its exciting but i'm baffled as to why volume is way up when price miles higher than it was a short time ago.

are there really that many people who see it sitting at 250 for like 18 months who suddenly decide to buy when it's 600+?

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: toknormal on June 12, 2016, 05:21:15 PM

The 1-Week candles are now into December 2013 territory.

There's been nothing like it since then.

I was just looking at that. 3 straight weeks of green dildos 2 of which are very nice Cool

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Spaceman_Spiff on June 12, 2016, 05:16:10 PM

Stores worldwide are running out of popcorn...

we'll need more popcorn, buy all the popcorncoin!

toknormal

legendary

Activity: 3066

Merit: 1188

The 1-Week candles are now into December 2013 territory.

There's been nothing like it since then.

Oblodo

full member

Activity: 180

Merit: 100

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Stores worldwide are running out of popcorn...

toknormal

legendary

Activity: 3066

Merit: 1188

Can't hold that Huobi down. It's got hold of an anti-gravity device.

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

holy shit!
did some billionaire bitcoin enthusiast get bored this weekend
and decide to pump bitcoin just for shitz n giggles?

MinermanNC

legendary

Activity: 2198

Merit: 1000

Got about 27 days to hit 800-900... for me that's a bare minimum for a smooth halving and continued somewhat" happy miners... 1000 would be ideal, of course higher is better lol

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: PoolMinor on June 12, 2016, 04:55:30 PM

Quote from: SheHadMANHands on June 12, 2016, 04:42:20 PM

wow, that bull is strong.

welcome to the show, take a seat Cool

Welcome Back My Friends to the Show that Never Ends by ELP

Your avatar hunts me when i close my eyes

JayJuanGee

legendary

Activity: 3934

Merit: 11405

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

Quote from: gentlemand on June 12, 2016, 03:00:38 PM

Quote from: JayJuanGee on June 12, 2016, 02:21:28 PM

It seems that Bitcoin, the security technology, is ready for that price and probably could even support coins at $20k or more.

What's your definition of 'ready'? It was effectively no more or less secure at $200 something and nothing much has changed in terms of infrastructure since then.

I'm not a technical person, so in some ways I rely upon the technical assertions of other people, and their various descriptions regarding bitcoin's security.

Accordingly, I am mostly referring to the hashing power, and the decentralized power of all of the computers that are securing bitcoin. Also, my understanding is that there have been various unsuccessful attacks at the bitcoin's blockchain over the years, and none have been successful and additional security measures have been taken, too.

So, in essence, I am relying on the technical claims that bitcoin is way too secure for its present value and the logical inferences that bitcoin computing infrastructure could fairly easily support a 30x or more increase in the secured value, and we could still rest assured that our coins would be safe.

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: toknormal on June 12, 2016, 04:39:24 PM

Quote from: DaRude on June 12, 2016, 04:34:47 PM

Bitfinex is almost empty after $680 might go full retard Shocked

Howd'you know it's not empty of fiat as well.

Thats the problem - fiat is such a slow mover that when the exchange reserves dry up, demand dries up as well.

Running low as well, that's why we see the spread of $50 or 8% between finex and east. There's still about $3.5MM available in longs though as a short term loan till your wire clears, or to leverage long

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18667. (Read 26623636 times)