Wall Observer

[theZerg]

did you check LTC capacity?

 

[Norway]

@theZerg
No. Was just thinking loud
EDIT: And pretty drunk

 

[Inca]

The price survived first pullback and has drifted back up from 307 to the 320's, in the process wiping away yet another opportunity by retail traders to short bitcoin. Shorts remain above 20k which is interesting since we know that 8k of that has opened in this price region and will close if the price challenges the previous highs in the 330's, probably propelling us towards the upper 3xx's in the process.

Let's see what the next week brings. Breaching 320 across the exchanges was a clear technical green light that the price can now break upwards.

If one were to believe that 2014 was a bear market engineered to allow new market participants with deep pockets to acquire a significant bitcoin position, then what follows is a setup to allow them to a) increase the value of their paper holdings and b) allow them to get out the market at a much higher price.

I believe the halving will be the springboard for the next bubble. It is tempting to believe that the presence of leveraged shorting will diminish such a price surge. But bitcoin is still constrained by the same wonderful limited supply that means that if demand vastly exceeds on-exchange supply then the price must explode.

 

[Ivanhoe]

Orderbooks really empty on the ask side. No one wants to sell!

 

[Norway]

 

[Norway]

CCMF!​

 

[theZerg]

we just crushed through 2400 (CNY) like it wasn't even there. from 2370 to 2439 in about 2 minutes

 

[Fatman3002]

This. Is. Bonkers.

 

[solex]

That Economist article is dynamite. There are loads of multi-millionaires who have been skeptical about the validity of this tech, and the hype, but are as prone to FOMO as the rest of us. They might not read Nature but they do read the Economist.


Those aren't blocks. They are buyers!

 

[Georg Engelmann]

Bitcoin finally got a Unicode symbol U+20BF

 

[Ivanhoe]

The bids keep me really bullish and not afraid for a deep correction. These are guys chasing the price a great indicator that there was a lot of money on the sidelines all that time waiting for a moment to get in.

 

[Inca]

Amazing this time around I have no desire to sell anything - even though I have tripled my holdings in the last year

 

[Norway]

@Inca You're doing it right. In fact, bitcoin is still dirt cheap (if it is successful).

 

[Inca]

Hilarious seeing so many of the noisy posters on bitcoinmarkets and in the speculation forum in the other place get it so wrong and go silent.

But but but..

 

[Norway]

MINI POLL:

How many minutes until $400 at Bitfinex?

a) 1 minute
b) 2 minutes
c) 3-5 minutes
d) >5 minutes

--- Poll finished ---
The answer was d)

 

[Zangelbert Bingledack]

I've been posting this chart for a few months now, since it shows such a remarkable correlation. Seems it worked again...and from the looks of it the price could go very, very high from here.

 

[Norway]

@Zangelbert Bingledack
Interesting to see how the volatility predicts the price spikes!

Right now, I can't even take a dump without fear of missing out on the 400 crossing

 

[Norway]

$400!
(Finally, I can go and take that dump!)​

 

[Inca]

Booya. 400

Happy days.

 

[cypherdoc]

$400!
(Finally, I can go and take that dump!)​

You expect us to believe you don't have a goddamn phone?

My dumps take twice as long now using just one hand while cheering.