Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21212. (Read 26711220 times)

All that 230$-317$ movement was nothing but hype plus chinese LTC scam scheme and everyone do realize it now, thats why price is barely holding above 270$. Dreaming about "big fishes" is bullshit - if they wanted to buy btc they would've bought it long ago. Greek hype is over, poor greeks are buying food, rich greeks moved their stashes from Greece long ago. "Big fishes" are mostly talking about blockchain technology, not about btc itself. Citibank is developing its own coin as an example. People just dont get that "big fishes" don't need to invest into btc, they would rather create their own crypto with supurb promotion, insurance hype and stuff instead. Why should they throw billions into pumping of btc which belongs to some "early adopters", to make them rich just for lulz?
Blocksize issue still hasn't been resolved which means that btc isnt ready for mass adoption due to weird games of core devs ruining confidence of community. BTC community is just desperate about next bubble but market makers just dont care, so unless blocksize issue is being resolved or some much more significant drama in global economy occurs - there is no way for btc to go to the next ~370$ target imo. Naturally btc's price should correct to 61.8 fib which is around 255$ now and stick there for a while. But its up to market makers.

Good morning Bitcoinland.

Sideways R us. Still in the $270s leaning toward $280.

Yawn.

Is this right ?

Sure they're in, but these guys have enough cash to really goose the price if they increase their stakes.  Nothing succeeds like success and the Greek pop was a big success. 

I agree, but why these kind of talks were initiated at first ?

Leveraged exchanges are where we take the money from gamblers.  Luck plays a part, but over time money flows from the dumb to the smart. We want bitcoin in the hands of smart people.

what we learned from LTC halving is that we will see some poor chaps lose their bitcoin profits on leveraged exchanges when someone loses $80k in a leveraged pump or whatever it is they do when bitcoin gets pumped and then suddenly dumped. at least that is what i learned from LTC halving so far.. i am never going to a leveraged exchange because of that. i feel it is "me against the music" when comes to bitcoins and cryptos.

that's holding the price up ?? guys like bill gates might buy some bitcoins ?? why is everyone waiting ?? obviously we are at the lows according to everyone here .. seems like the greeks should be piling in by now but apparently they are still waiting for just after the very last moment...

Coin
Explanation

if we look at ltc halfing and price increase, btc should be 500 usd by next year... its also fit the cost to mine 1 btc  if difficulty was doubled today.
off course price would be more relevant with demand. so i hope btc demand will be rising next year  

Lol, Bill Gates and all his friends are already in, for years.
They only troll you to believe they aren't already.

Well, maybe they have some white cash to put into it to boost their black money profits.

Bitcoin has the attention of the big fish now, guys like Bill Gates who are looking for an entry point. The Greek runup injected some FOMO into them. The VCs and anyone else who wants to stake some real estate in the most secure blockchain in the world provide the support and the poor schmoes in countries with unstable currency regimes will provide the dumb money to push new highs.  Mexico is going to shit again. over 16 pesos to the dollar and that remittance market is potentially huge.

why is that you think that ?? what is holding the price up ?? magic ?? anti-gravity ?? what ??

I'm not saying anything lol.
Last time I made a prediction about never going under 300 USD about 6 months ago NotLambChop saved it & quotes it all of the time

I'd like to think we'll begin to move upwards relentlessly though as we get closer & closer to the halving.

**Disclaimer - that is what I'd like to happen - not a solid prediction**

tell that to BTC-e

Going up?

Because even the bears realize we'll never go under $200 again.

People, I've a question please.

Why I see a lot of talking about dipping to $260/$240 and $220 ?

I guess I'm missing something out !!

It isn't priced in because it is over a year away. There are people arguing for a rally, a fizzle or no effect.

It is undeniably a huge event on the bitcoin calendar because it marks the last time that bitcoin coin inflation can ever be blamed for supply exceeding demand and pushing the price down.

5% inflation is pretty good. But any price shenanigans that go on around that time will be driven by the same heavy speculators driving the price up and down.

In the longer run if demand picks up then the reduced mining supply could lead to price rises. Which would be nice.

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Explanation