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

[findftp]

should i buy btc now and wait for price to go up?

You should do whatever makes you feel good, but you should NOT listen to the idiots on this forum.

So, he should listen now?

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[podyx]

 

[Dump3er]

...We're deep in bear territory now and we're not even at the "blood in the streets" phase yet.

Can you imagine how these forums will look when we'll reach the "blood in the streets" phase?
It's a couple of months away, and then almost everyone posting will be ashamed to admit holding bitcoins.

He's retard since he's calling a "blood in the street" phase? How about uber-bulls making party hard on 20,00$ rebounces after 50,00$ drops? 

[jillkelly]

it's funny when bagholders refer to those that sold higher as "retards".....

[TeeBone]

I usually trade these wild swings, but i can honestly say i have no fucking idea which way its going. My general rule of thumb is when im confused, stay put and do nothing. Im a spectator for now. If we break 520, think i'll be selling.

Don't fight the tape. That's a hard lesson that I've learned this year playing the bitcoin game. We might have a short burst up, but it will fall again. We're deep in bear territory now and we're not even at the "blood in the streets" phase yet.

I've been a bear most of the year, i have no problem switching gears. But werent you an vocal ultra-bull just weeks ago ? 

[Dump3er]

so who sold at 525 ? hope u learned ur lesson 

Stored.

[Newbie1022]

Do I think we are oversold? Yes. I thought so two days ago but didn't buy up then. Why? Because we haven't found a bottom. I'm waiting to see what shenanigans occur on the Chinese exchanges... just like I have been waiting the past two days.

For those who say I am going to miss out on a rally? No. It doesn't jump 100 points in 15 minutes... it can jump fast... it won't jump that fast. So, if I miss out on 20% of the rally but 80 to 90% of the losses... well I'd call that a win.

[Newbie1022]

so who sold at 525 ? hope u learned ur lesson 

Stored.

Hahahahahaha... Dump3er cracks me up. Probably my favorite bear.

[cbeast]

it's funny when bagholders refer to those that sold higher as "retards".....

Not exactly.

[fonsie]

should i buy btc now and wait for price to go up?

You should do whatever makes you feel good, but you should NOT listen to the idiots on this forum.

@fonsie
You´re sounding desperate lately? Here is some classical philosophical advice which you might find helpful:

Better cut loose™

https://www.youtube.com/watch?v=GjqfGe_80Ck

[Newbie1022]

Also, Ethereum, when they dump, seem to be doing it through the market and seem to be doing 1,000 chunks at once.

Look at the blockchain... they move from the deposit wallet to what is presumably an exchange wallet and then it goes to a different third party on each of the trades.

Ethereum Exodus Account: https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2
Address Ethereum Exodus Sent to Twice: https://blockchain.info/address/1L1JRVExeKiqBU1pmvoyzCfRzCfEP64pBJ


So what could be going on:
(1) They are dumb, why dump all at once;
(2) All of this action is off exchange... but it doesn't look that way with the transfer to the same 2nd account and then a different third party all in big clumps rather than tiny clumps; OR
(3) They are purposefully trying to destroy the price so that people panic and sell their BTCs into Ethereum given the ratio is relatively fixed (although dropping each day per the terms of the roll-out).

Thoughts?

[rpietila]

(3) They are purposefully trying to destroy the price so that people panic and sell their BTCs into Ethereum given the ratio is relatively fixed (although dropping each day per the terms of the roll-out).

Yes definitely, people see BTC dropping and buy vaporware to secure the gains. /sarcasm

Well I have bought more Monero as diversification, but Ethereum is not in my "qualified btc hedges list".

[dropt]

Yes definitely, people see BTC dropping and buy vaporware to secure the gains. /sarcasm

Well I have bought more Monero as diversification, but Ethereum is not in my "qualified btc hedges list".

+1

[Newbie1022]

Fair.

[ChartBuddy]

Explanation

[johnwest]

I did not expected that we will move down below 540 level but we did and even touched 525.
Atleast we moved up to above 540 again but not expecting anything for next 2 days.

[inca]

I usually trade these wild swings, but i can honestly say i have no fucking idea which way its going. My general rule of thumb is when im confused, stay put and do nothing. Im a spectator for now. If we break 520, think i'll be selling.

Don't fight the tape. That's a hard lesson that I've learned this year playing the bitcoin game. We might have a short burst up, but it will fall again. We're deep in bear territory now and we're not even at the "blood in the streets" phase yet.

Deep in bear territory? The bear market bottomed out in the 300's and has been climbing since. Zoom out.

[Newbie1022]

I usually trade these wild swings, but i can honestly say i have no fucking idea which way its going. My general rule of thumb is when im confused, stay put and do nothing. Im a spectator for now. If we break 520, think i'll be selling.

Don't fight the tape. That's a hard lesson that I've learned this year playing the bitcoin game. We might have a short burst up, but it will fall again. We're deep in bear territory now and we're not even at the "blood in the streets" phase yet.

Deep in bear territory? The bear market bottomed out in the 300's and has been climbing since. Zoom out.

The 300s was an exaggerated post-catastrophe price, Inca. We are in a bear market right now (obviously). The only question is for how long and severe.

[maker88]

...We're deep in bear territory now and we're not even at the "blood in the streets" phase yet.

Can you imagine how these forums will look when we'll reach the "blood in the streets" phase?
It's a couple of months away, and then almost everyone posting will be ashamed to admit holding bitcoins.

watched that movie on tv yesterday twice in a row. comedy gold. been quoting it ever since haha. but i honestly can't wait for the blood. more chances to amass coins before the next reward halving the better i say. it can fall as much as it wants, i know better than to panic. its caught me before, won't catch me again.

[Newbie1022]

Dude, somebody in one of the other posts said that there was a 25% chance that BTC would be valued at over $4000 by the end of the year (only a few months away). Drugs. Don't do drugs, kids. Jesus.

P.S. -- I think we are a tad oversold (in relation to a hypothetical strike price in the sky), but there is going to be a lot more blood in the near-term... too much leverage to unwind still. Also, the Huobi order book looks like an unmitigated hell hole to the bottom.