Coin
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21370. (Read 26715874 times)
July 08, 2015, 03:01:40 AM
July 08, 2015, 02:56:39 AM
Meanwhile the currency of the future continue to get choked with spam txs. 
Will there be daily stress test? Bears might open a Donation fund..
https://tradeblock.com/blockchain/
Transactions
52,091
Total value
62,656.70
Total fees
2.8217
Total size
44.54 MB
Will there be daily stress test? Bears might open a Donation fund..
https://tradeblock.com/blockchain/
Transactions
52,091
Total value
62,656.70
Total fees
2.8217
Total size
44.54 MB
July 08, 2015, 02:38:29 AM
IMF states today, that a Grexit could seriously affect USofA economy. Nevertheless, it seems China stock market signals something far more significant than a "Grexit". Everything's painted red over there. I bet this could get worse before it can get any better, which might signal the next rally up for BTC. Over 300 until Sunday anyone?
one sure thing is that bitcoin wont surge until some big macro event, ie. grexit, china crash, usofa shut down etc...
i really hope it all unfolds this summer, rather than in september or later..
edit: my money is on no deal by sunday between greece and UE, hence probably a 10-20$ surge in bitcoin. but then again, those negociations seems they would never end.
It's a 60/40 pro "no deal" at the moment. If this proves to be the case, I bet China will respond viciously. I still don't know though if the current market moves over there and EU situation is entangled. Anyway; we will know by Sunday I guess. Yesterday everybody at the Eurogroup presented a "strong stance vs Greek gov't". I bet it will get worse as days passing by...
macsga - how are people coping with the 60 euro a day bank withdrawal limit?
Are people still able to pay bills, direct debits, mortgages? Is it just cash withdrawals that have limits or card transactions too? It must be terrible for people who weren't prepared.
We're getting along... People who are in sync with tech can pay their bills via web banking, CC or ATMs. The situation is critical though for the elder. Today a poor guy fainted while in line to get his pension share of 60eur. (http://www.newsit.gr/default.php?pname=Article&art_id=415939&catid=6)
It's not good to see these things happening to elders. Other than that, life goes on smoothly. I guess we're not so tighten up with money (I personally, never was). I'm prepared for the worst case scenario though. I don't think there will be any viable deal without a haircut or (at least) postponing the loan's doses for some time to come...
July 08, 2015, 02:36:16 AM
Pump and dump. Where have all the warriors gone?
All we got is this hippie dippie pump and dump jizz?
All we got is this hippie dippie pump and dump jizz?
July 08, 2015, 02:26:02 AM
IMF states today, that a Grexit could seriously affect USofA economy. Nevertheless, it seems China stock market signals something far more significant than a "Grexit". Everything's painted red over there. I bet this could get worse before it can get any better, which might signal the next rally up for BTC. Over 300 until Sunday anyone?
one sure thing is that bitcoin wont surge until some big macro event, ie. grexit, china crash, usofa shut down etc...
i really hope it all unfolds this summer, rather than in september or later..
edit: my money is on no deal by sunday between greece and UE, hence probably a 10-20$ surge in bitcoin. but then again, those negociations seems they would never end.
It's a 60/40 pro "no deal" at the moment. If this proves to be the case, I bet China will respond viciously. I still don't know though if the current market moves over there and EU situation is entangled. Anyway; we will know by Sunday I guess. Yesterday everybody at the Eurogroup presented a "strong stance vs Greek gov't". I bet it will get worse as days passing by...
macsga - how are people coping with the 60 euro a day bank withdrawal limit?
Are people still able to pay bills, direct debits, mortgages? Is it just cash withdrawals that have limits or card transactions too? It must be terrible for people who weren't prepared.
July 08, 2015, 02:22:57 AM
IMF states today, that a Grexit could seriously affect USofA economy. Nevertheless, it seems China stock market signals something far more significant than a "Grexit". Everything's painted red over there. I bet this could get worse before it can get any better, which might signal the next rally up for BTC. Over 300 until Sunday anyone?
one sure thing is that bitcoin wont surge until some big macro event, ie. grexit, china crash, usofa shut down etc...
i really hope it all unfolds this summer, rather than in september or later..
edit: my money is on no deal by sunday between greece and UE, hence probably a 10-20$ surge in bitcoin. but then again, those negociations seems they would never end.
It's a 60/40 pro "no deal" at the moment. If this proves to be the case, I bet China will respond viciously. I still don't know if the current market moves over there and EU situation is entangled though. Anyway; we will know by Sunday I guess. Yesterday everybody at the Eurogroup presented a "strong stance vs Greek gov't". I bet it will get worse as days passing by...
July 08, 2015, 02:22:33 AM
IMF states today, that a Grexit could seriously affect USofA economy. Nevertheless, it seems China stock market signals something far more significant than a "Grexit". Everything's painted red over there. I bet this could get worse before it can get any better, which might signal the next rally up for BTC. Over 300 until Sunday anyone?
one sure thing is that bitcoin wont surge until some big macro event, ie. grexit, china crash, usofa shut down etc...
i really hope it all unfolds this summer, rather than in september or later..
edit: my money is on no deal by sunday between greece and UE, hence probably a 10-20$ surge in bitcoin. but then again, those negociations seems they would never end.
Bitcoin doesn't move on news, it moves on reasons. Hoping for bad news is just tasteless.
grexit is no news.. it would be a nice reason tho.
July 08, 2015, 02:20:42 AM
IMF states today, that a Grexit could seriously affect USofA economy. Nevertheless, it seems China stock market signals something far more significant than a "Grexit". Everything's painted red over there. I bet this could get worse before it can get any better, which might signal the next rally up for BTC. Over 300 until Sunday anyone?
one sure thing is that bitcoin wont surge until some big macro event, ie. grexit, china crash, usofa shut down etc...
i really hope it all unfolds this summer, rather than in september or later..
edit: my money is on no deal by sunday between greece and UE, hence probably a 10-20$ surge in bitcoin. but then again, those negociations seems they would never end.
Bitcoin doesn't move on news, it moves on reasons. Hoping for bad news is just tasteless
Edit: I think we're moving.
July 08, 2015, 02:16:10 AM
Is this the Uber spike?
July 08, 2015, 02:15:35 AM
IMF states today, that a Grexit could seriously affect USofA economy. Nevertheless, it seems China stock market signals something far more significant than a "Grexit". Everything's painted red over there. I bet this could get worse before it can get any better, which might signal the next rally up for BTC. Over 300 until Sunday anyone?
one sure thing is that bitcoin wont surge until some big macro event, ie. grexit, china crash, usofa shut down etc...
i really hope it all unfolds this summer, rather than in september or later..
edit: my money is on no deal by sunday between greece and UE, hence probably a 10-20$ surge in bitcoin. but then again, those negociations seems they would never end.
July 08, 2015, 02:13:28 AM
@JayJuan & pleaseexplainagain -
Guys I'm in a similar position, I started buying about 14-15 months ago, think the price was around 500-600 USD then. I've been buying regularly all the way down from there. I did buy a good amount all over 400 USD though so I'm still down overall on my stash.
I'm not worried though, BTC is a long term investment, HODL & wait for better times, they are coming. I think we'll go to about 600-700 USD by this time next year with the halving etc + other potential positive things like Gemini. That's still only baby steps though.
HODL for 5-10 years & hopefully we will be rich
Guys I'm in a similar position, I started buying about 14-15 months ago, think the price was around 500-600 USD then. I've been buying regularly all the way down from there. I did buy a good amount all over 400 USD though so I'm still down overall on my stash.
I'm not worried though, BTC is a long term investment, HODL & wait for better times, they are coming. I think we'll go to about 600-700 USD by this time next year with the halving etc + other potential positive things like Gemini. That's still only baby steps though.
HODL for 5-10 years & hopefully we will be rich
July 08, 2015, 02:12:18 AM
IMF states today, that a Grexit could seriously affect USofA economy. Nevertheless, it seems Asian stock markets signal something far more significant than a "Grexit". Everything's painted red over there. I bet this could get worse before it can get any better, which might signal the next rally up for BTC. Over 300 until Sunday anyone?
July 08, 2015, 02:01:47 AM
July 08, 2015, 01:54:17 AM
I think we are over focusing on the current price - we know at the top most of it is speculation but if you look at the bottom the story is still very bullish if you are slowly buying a little regularly at the daily price.
below are 2 charts. they track the lowest price in a year from 2012.
the first assumes the $177 2015 bottom will prove to be a genuine bottom.
the second that if big whales has not intervened it would have gone to $60.
I have made factors that are not very mathematically good but work crudely enough to be useful for me.
they show that
1. if $60 was the bottom and I buy now at $270 the bottom in 2017 will still be higher (at $360) and even in 2016 the bottom will still be quite good (at $146).
2. if $177 was the true bottom then buying now at $270 the bottom may be way higher (at $626) in one year (2016)
I see those numbers as very bullish compared to other things people can invest in (shares etc) as well as supporting the idea of bitcoin.
Year Expected Lowest price Factor Actual Minus is underestimation
2012 $4 $4
2013 $14 3.537 $13 8.83%
2014 $50 3.537 $302 -83.43%
2015 $177 3.537 $177 0.00%
2016 $626 3.537
2017 $2,214
Year Expected Lowest price Factor Actual Minus is Underestimation
2012 $4 $4
2013 $10 2.46 $13 -24.31%
2014 $24 2.46 $302 -91.98%
2015 $60 2.46 $60 -0.75%
2016 $146 2.46
2017 $360 2.46
I've been buying bitcoins regularly and on an ongoing basis, but my average buyin price is still near $500... hahahhaha... gonna take a while before I am in the black... I like the idea of $600 coins in 2016 or $2,200 coins in 2017, but the idea of $360 coins in 2017 would NOT be so helpful. to my psychology... but I suppose, even that reflects btc prices continuing to increase in value from today's price.
Do you trade, bro?
Just buy and hold.. and buy some more....
I may start to trade once i am in the black.
July 08, 2015, 01:53:31 AM
I think we are over focusing on the current price - we know at the top most of it is speculation but if you look at the bottom the story is still very bullish if you are slowly buying a little regularly at the daily price.
below are 2 charts. they track the lowest price in a year from 2012.
the first assumes the $177 2015 bottom will prove to be a genuine bottom.
the second that if big whales has not intervened it would have gone to $60.
I have made factors that are not very mathematically good but work crudely enough to be useful for me.
they show that
1. if $60 was the bottom and I buy now at $270 the bottom in 2017 will still be higher (at $360) and even in 2016 the bottom will still be quite good (at $146).
2. if $177 was the true bottom then buying now at $270 the bottom may be way higher (at $626) in one year (2016)
I see those numbers as very bullish compared to other things people can invest in (shares etc) as well as supporting the idea of bitcoin.
Year Expected Lowest price Factor Actual Minus is underestimation
2012 $4 $4
2013 $14 3.537 $13 8.83%
2014 $50 3.537 $302 -83.43%
2015 $177 3.537 $177 0.00%
2016 $626 3.537
2017 $2,214
Year Expected Lowest price Factor Actual Minus is Underestimation
2012 $4 $4
2013 $10 2.46 $13 -24.31%
2014 $24 2.46 $302 -91.98%
2015 $60 2.46 $60 -0.75%
2016 $146 2.46
2017 $360 2.46
I've been buying bitcoins regularly and on an ongoing basis, but my average buyin price is still near $500... hahahhaha... gonna take a while before I am in the black... I like the idea of $600 coins in 2016 or $2,200 coins in 2017, but the idea of $360 coins in 2017 would NOT be so helpful. to my psychology... but I suppose, even that reflects btc prices continuing to increase in value from today's price.
yes my average buy price is sadly around what yours is but my chart says the the future is very bright and over time coins bought a year or two earlier at so called "high" prices will seem like a "steal". Optimism is contagious
July 08, 2015, 01:50:56 AM
So are we waiting for Greece to exit the EU for a push past 280?
Seems we lost some steam.
Seems we lost some steam.
should be some moar steam by the end of the week.
July 08, 2015, 01:48:28 AM
So are we waiting for Greece to exit the EU for a push past 280?
Seems we lost some steam.
Seems we lost some steam.
July 08, 2015, 01:30:55 AM
I think we are over focusing on the current price - we know at the top most of it is speculation but if you look at the bottom the story is still very bullish if you are slowly buying a little regularly at the daily price.
below are 2 charts. they track the lowest price in a year from 2012.
the first assumes the $177 2015 bottom will prove to be a genuine bottom.
the second that if big whales has not intervened it would have gone to $60.
I have made factors that are not very mathematically good but work crudely enough to be useful for me.
they show that
1. if $60 was the bottom and I buy now at $270 the bottom in 2017 will still be higher (at $360) and even in 2016 the bottom will still be quite good (at $146).
2. if $177 was the true bottom then buying now at $270 the bottom may be way higher (at $626) in one year (2016)
I see those numbers as very bullish compared to other things people can invest in (shares etc) as well as supporting the idea of bitcoin.
Year Expected Lowest price Factor Actual Minus is underestimation
2012 $4 $4
2013 $14 3.537 $13 8.83%
2014 $50 3.537 $302 -83.43%
2015 $177 3.537 $177 0.00%
2016 $626 3.537
2017 $2,214
Year Expected Lowest price Factor Actual Minus is Underestimation
2012 $4 $4
2013 $10 2.46 $13 -24.31%
2014 $24 2.46 $302 -91.98%
2015 $60 2.46 $60 -0.75%
2016 $146 2.46
2017 $360 2.46
I've been buying bitcoins regularly and on an ongoing basis, but my average buyin price is still near $500... hahahhaha... gonna take a while before I am in the black... I like the idea of $600 coins in 2016 or $2,200 coins in 2017, but the idea of $360 coins in 2017 would NOT be so helpful. to my psychology... but I suppose, even that reflects btc prices continuing to increase in value from today's price.
July 08, 2015, 01:21:30 AM
So, how about that bid stairway on Bitfinex? It looks like most of the bid side is still controlled by one player, but the price is now about 20 USD higher than when they first appeared.
It certainly doesn't seem like this is someone panicing to buy.
It certainly doesn't seem like this is someone panicing to buy.
July 08, 2015, 01:07:09 AM
First the Cypress pump now the Grease pump. Is anyone else starting to feel as though Bitcoin is being manipulated to seem like it's responding to current events? We all know the Greeks weren't actually buying. Right?
I don't think anyone believes that Greeks were buying, but rather people elsewhere who see the Greeks with their capital frozen and unable to convert it to other forms or move it out if the country. Greece isn't the only country with serious economic woes, just the worst case among "developed" nations.
This was probably the case with Cyprus too. One can't help but wonder how many Greeks were buying bitcoins in early 2013 during the Cypriot crisis. Those who did were the smart ones.
Of course, a lot of the recent buying may have simply been spurred by the media flurry around the association by some of Bitcoin and Grexit.
I too bet that the number of other people around the world who started wondering what if the Greek scenario happens to them is by far bigger than Greeks who were buying Bitcoins. Media, of course is just looking for flashy headlines.
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