Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18749. (Read 26720768 times)
June 12, 2016, 03:03:51 PM
Looks like a lot of people are starting to believe
June 12, 2016, 03:01:09 PM
I have voted for >700 at the poll. I expect the price at June 30 in the mid-to-high 700s. It may reach 800, but I'm not sure about that.
Short term I expect a very small correction now. Prices may go to $620 as a minimum, but I don't expect much less than that. I don't think we'll see sub-600 prices the next week.
Although I'm getting slightly bearish now, it's only for the short term. I expect the mid-term cryptocurrency market at that 100 billion you are predicting. That would be the consequence if cryptos can conquer a significant market share of the remittance market.
But I expect this not to happen before 2018-20. And I also expect Bitcoin not to be the only big player then. In my opinion Bitcoin can reach 30-50 billion market cap as a maximum, and the rest will be for about 5 other cryptocurrencies (which they are, I don't know; I guess Ripple, Ethereum and Bitshares will be among them).
Short term I expect a very small correction now. Prices may go to $620 as a minimum, but I don't expect much less than that. I don't think we'll see sub-600 prices the next week.
Bitcoin has been undervalued for a while now. True market cap should be at least 100 billion.
Although I'm getting slightly bearish now, it's only for the short term. I expect the mid-term cryptocurrency market at that 100 billion you are predicting. That would be the consequence if cryptos can conquer a significant market share of the remittance market.
But I expect this not to happen before 2018-20. And I also expect Bitcoin not to be the only big player then. In my opinion Bitcoin can reach 30-50 billion market cap as a maximum, and the rest will be for about 5 other cryptocurrencies (which they are, I don't know; I guess Ripple, Ethereum and Bitshares will be among them).
Wow!!!!!!
You seem to have been really brainwashed by this various alternative crypto promotion schemes.
Yeah, many of those alternative cryptos have a lot of hype, but they are really lacking in meaningful substance that bitcoin has to offer, and that is immutable decentralization... hello? None of the others really have that, even though they try to act like they do. Don't be deceived.
There is some possibility that some cryptos will share some of the crypto market cap, maybe even up to 30%, but there is no real reason to believe, at this point that any of them or a combination will be exceeding that sharing of the space until they can demonstrate fundamentally that they are able to provide anywhere near the decentralized immutability that bitcoin currently offers built in.
June 12, 2016, 03:00:38 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.
June 12, 2016, 02:57:46 PM
This is a bit too volatile , and unhealthy growth. I hate to see what will happen with mainstream adoption... shudders...
That depends on where it's headed.
If we're about to break the ATH and headed for the next stop of $6000 per BTC then $50 a day is not unhealthy but normal. Also, if you actually sit down and do a valuation for a limited supply world currency then $10B marketcap is kind of peanuts so it's difficult to see how it could possibly grow without massive fits, starts and volatility like a fully grown albatross starting to burst out of its shell.
$6k? Next top will be between $5k and $49k (10^4 order of magnitude). To pretend to know more accurately then the 5k-49k range is fooling yourself.
It would be helpful to know the time-period for this... In 2016? by 2017?
I don't really have any major quibbles with your projection, except it seems a bit more bullish than my thinking... and maybe that is why I am not really fighting any of it. Accordingly, I am in agreement that we could have a couple of 10x increases from this price point (or at least from the $360 to $460 price range), but there could be some fairly significant price corrections along the way, too, no?, so would the built in correction that is quite likely be part of the next top that you are suggesting? or are you suggesting that BTC prices are going to that $5k to $49k price point on this particular run (without any lengthy or meaningful price corrections)?
This is a bit too volatile , and unhealthy growth. I hate to see what will happen with mainstream adoption... shudders...
Still very little news and press coverage outside of our circles -
https://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=date&tz=Etc%2FGMT%2B6
Very few mainstream interest. We are still obscure and are seeing a very small percentage of 1.4 billion Chinese shore up the price due to increased need for capital flight.
When we pass 1100 USD , and the press starts covering this expect much higher volatility.
Still very little news and press coverage outside of our circles -
https://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=date&tz=Etc%2FGMT%2B6
Very few mainstream interest. We are still obscure and are seeing a very small percentage of 1.4 billion Chinese shore up the price due to increased need for capital flight.
When we pass 1100 USD , and the press starts covering this expect much higher volatility.
That could be correct regarding this thing seeming to move a bit quicker than it is going to be able to support... Though going up to $800 or near $800 in this particular run may be good and then hovering between $600-ish and $800 for several weeks, could also be a good thing?
I'm not sure whether we are quite ready for $3k to $5k, in this run, yet. It seems that Bitcoin, the security technology, is ready for that price and probably could even support coins at $20k or more, but I am doubting whether we are either psychologically ready for $3k to $5k or if there would be a broad enough mass support in place or enough user-friendliness for much of the basic entry-level use cases at that price.
Whether we go to $3k to $5k now in this run or in the next price upsurge that could likely occur within the next several months, either way, we are likely going to experiencing some correction after the point of getting into the $3k to $5k territory, into the mid-to-lower $1,000s... that's my current thinking, as I am watching this intensifying price action over the past several weeks.
Cheap Coins!!
June 12, 2016, 02:53:58 PM
I don't know about you guys but I'm keeping my eyes on bitcoin.
June 12, 2016, 02:52:39 PM
crazy, btc is still strong
June 12, 2016, 02:39:26 PM
For what it's worth I think we all owe him/her a thanks. S/he helped buy those cheap coins for as long as he/she/it could
that shouldnt be missing in this incident:
Yeah. A sad day in Eqestria. It's OK tho, because
And, as this pump packs up & implodes, my laughter is going to be just a teeny bit merrier & less morally ambiguous
yeah... you will be laughing your ass off when BTC prices implode from $4k to $1.8k.. It's gonna be quite the riot when BTC loses more than half of its value in such implosion, and sad for us that you will be laughing your ass off over our misfortunes.
June 12, 2016, 02:34:59 PM
This is a bit too volatile , and unhealthy growth. I hate to see what will happen with mainstream adoption... shudders...
That depends on where it's headed.
If we're about to break the ATH and headed for the next stop of $6000 per BTC then $50 a day is not unhealthy but normal. Also, if you actually sit down and do a valuation for a limited supply world currency then $10B marketcap is kind of peanuts so it's difficult to see how it could possibly grow without massive fits, starts and volatility like a fully grown albatross starting to burst out of its shell.
$6k? Next top will be between $5k and $49k (10^4 order of magnitude). To pretend to know more accurately then the 5k-49k range is fooling yourself.
It would be helpful to know the time-period for this... In 2016? by 2017?
I don't really have any major quibbles with your projection, except it seems a bit more bullish than my thinking... and maybe that is why I am not really fighting any of it. Accordingly, I am in agreement that we could have a couple of 10x increases from this price point (or at least from the $360 to $460 price range), but there could be some fairly significant price corrections along the way, too, no?, so would the built in correction that is quite likely be part of the next top that you are suggesting? or are you suggesting that BTC prices are going to that $5k to $49k price point on this particular run (without any lengthy or meaningful price corrections)?
June 12, 2016, 02:21:28 PM
This is a bit too volatile , and unhealthy growth. I hate to see what will happen with mainstream adoption... shudders...
Still very little news and press coverage outside of our circles -
https://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=date&tz=Etc%2FGMT%2B6
Very few mainstream interest. We are still obscure and are seeing a very small percentage of 1.4 billion Chinese shore up the price due to increased need for capital flight.
When we pass 1100 USD , and the press starts covering this expect much higher volatility.
Still very little news and press coverage outside of our circles -
https://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=date&tz=Etc%2FGMT%2B6
Very few mainstream interest. We are still obscure and are seeing a very small percentage of 1.4 billion Chinese shore up the price due to increased need for capital flight.
When we pass 1100 USD , and the press starts covering this expect much higher volatility.
That could be correct regarding this thing seeming to move a bit quicker than it is going to be able to support... Though going up to $800 or near $800 in this particular run may be good and then hovering between $600-ish and $800 for several weeks, could also be a good thing?
I'm not sure whether we are quite ready for $3k to $5k, in this run, yet. It seems that Bitcoin, the security technology, is ready for that price and probably could even support coins at $20k or more, but I am doubting whether we are either psychologically ready for $3k to $5k or if there would be a broad enough mass support in place or enough user-friendliness for much of the basic entry-level use cases at that price.
Whether we go to $3k to $5k now in this run or in the next price upsurge that could likely occur within the next several months, either way, we are likely going to experiencing some correction after the point of getting into the $3k to $5k territory, into the mid-to-lower $1,000s... that's my current thinking, as I am watching this intensifying price action over the past several weeks.
June 12, 2016, 02:12:48 PM
Is it me or someone intentionally holding whoboi at $666?
Keeping it at 4375CNY or $666.66 cute
Keeping it at 4375CNY or $666.66 cute
June 12, 2016, 01:54:15 PM
Is it me or someone intentionally holding whoboi at $666?
Keeping it at 4375CNY or $666.66 cute
Keeping it at 4375CNY or $666.66 cute
June 12, 2016, 01:53:30 PM
You do realize like a lot of ladies consider that harry guy sexy and very attractive! ... right? My fake gaydar feels it to be true!
June 12, 2016, 01:51:06 PM
Damn.
Been catching up on the Legendary Original Wall Observer from the beginning of when this current pump got heated up around ~May 28 @ ~$475, to June 6 posts.
Still got a whopping 45 pages left ;/
F*ck
& Where's BJA now, anyway..?? o.o
Been catching up on the Legendary Original Wall Observer from the beginning of when this current pump got heated up around ~May 28 @ ~$475, to June 6 posts.
Still got a whopping 45 pages left ;/
F*ck
& Where's BJA now, anyway..?? o.o
Don't worry! ... most of the people read every page. Because there might be some asshole that will say something educative or some insider trade Easter egg.
June 12, 2016, 01:49:36 PM
Wrong. Bitcoin's value is 0.13% of gold's value.
The value of 1 bitcoin is equal to half of this of 1 ounce of gold, now, that's true, but a comparison based on random units not linked with each other like that is just wrong. You're using the same logic as this of the people who say that bitcoin is "expensive" because $600 is a lot of money. That's not how you do it. If the total amount of bitcoins to be created was 2.1 million instead of 21 million, each one of them would now be worth $6460. Would you then say that bitcoin's value is 6 times higher than gold's ?
Look at the market caps. That's what will really tell you how much bitcoin is worth compared to gold, and it's 0.13%. Bitcoin still has a looooooong way to go before it's worth half as much as gold is. And frankly I like that: it means that there's still profit to be made investing in bitcoin.
The value of 1 bitcoin is equal to half of this of 1 ounce of gold, now, that's true, but a comparison based on random units not linked with each other like that is just wrong. You're using the same logic as this of the people who say that bitcoin is "expensive" because $600 is a lot of money. That's not how you do it. If the total amount of bitcoins to be created was 2.1 million instead of 21 million, each one of them would now be worth $6460. Would you then say that bitcoin's value is 6 times higher than gold's
?Look at the market caps. That's what will really tell you how much bitcoin is worth compared to gold, and it's 0.13%. Bitcoin still has a looooooong way to go before it's worth half as much as gold is. And frankly I like that: it means that there's still profit to be made investing in bitcoin.
you forgot the 600 ETF contracts for 1 ... once of gold.
June 12, 2016, 01:40:16 PM
Damn.
Been catching up on the Legendary Original Wall Observer from the beginning of when this current pump got heated up around ~May 28 @ ~$475, to June 6 posts.
Still got a whopping 45 pages left ;/
F*ck
& Where's BJA now, anyway..?? o.o
Been catching up on the Legendary Original Wall Observer from the beginning of when this current pump got heated up around ~May 28 @ ~$475, to June 6 posts.
Still got a whopping 45 pages left ;/
F*ck
& Where's BJA now, anyway..?? o.o
June 12, 2016, 01:23:17 PM
Time for me to head off to the ballpark but I'll take my Android device and keep checking the price.
Seems we're forming a nice little triangle in the mid-$640s after the break through $650 and the correction down to $639.
Should reach a point by the time the ballgame is over, which should be close to when the Chinese start waking up. More fireworks tonight?
Seems we're forming a nice little triangle in the mid-$640s after the break through $650 and the correction down to $639.
Should reach a point by the time the ballgame is over, which should be close to when the Chinese start waking up. More fireworks tonight?
Let`s wait when Chinese wake up and news in West begin to announce that BTC surpassed 10 bn marketcap!
The Chinese volume crashed about an hour ago. The Chinese traders who stayed awake all night because of the pump probably couldn't keep their eyes open any longer. In another five hours they will all wake up and start buying again, and expect more mooning when the banks open on Monday morning and the Chinese can start pumping more money into the exchanges.
June 12, 2016, 01:05:14 PM
We're getting the 1-hour chart correction that I referred to earlier.
This will take a while - several hours probably at least. If it turns into a 4-hour chart correction then it'll take the best part of a week but it needs to decline for a good long while before that occurs.
The alts may briefly surge now.
June 12, 2016, 01:03:22 PM
You do realize like a lot of ladies consider that harry guy sexy and very attractive! ... right? My fake gaydar feels it to be true!
June 12, 2016, 01:00:46 PM
the next 24 hours are absolutely Critical absolutely
I heard this over and over again.
Please stop saying that.It is , and will always be critical.
Enjoy this moment if you have BTC, if you don't go buy some
Is there a .gif about this?
June 12, 2016, 12:48:13 PM
the next 24 hours are absolutely Critical absolutely
I heard this over and over again.
Please stop saying that.It is , and will always be critical.
Enjoy this moment if you have BTC, if you don't go buy some
Is there a .gif about this?
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