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

[wpalczynski]

lmao @ fishpants

lol noobs.
I am an professional cryptotrader and i just went all in. ejoy being left behind y'allz!

[empowering]

The price may recover, perhaps even in a few days.  What will be hard to recover is the credibility of bitcoin, and of bitcoin "experts".

No one saw this dip coming, no one could tell where it would end.  No one can tell whether it will stop at 460$, keep falling, or reverse.

No on can explain why it happened.  No one can tell for sure even where it was made in China or in the West.

So how could people tell whether and when the price will rise again, and by how much?

The "exponential trend" and the "periodic bubble theory" now seem rather far-fetched.  

Fund salesmen will have a hard time convincing people to invest.   How could an analyst honestly recommend it to his clients?

Or maybe not, there will always be suckers who will belive a good sales pitch and buy without researching...  

Hang on a minute... this is Bitcoin we are talking about?  the same one as usual right? volatility is not exactly rare... infact I thought it was more than expected by all?  ancd the market goes both ways right? I am pretty sure that it goes up down sideways, up down sideways , etc it has done it as long as I have looked... with BTC even more so...
I just do not get the surprise....  

I will surprise you somemore.. the market is going to continue to be volatile and go up down sideways on a regular basis... we have not seen nothing yet... and it will continue until of course there is far more liquidity through the exchanges... it was never surprising that we could go down, it was more surprising we stayed sideways for so long, and down before an up was ALWAYS on the cards, when the volatility kicks in, which is needed to jump up the price, then it swings wildly both ways, it is also possible for a down swing followed by another down swing... no shit... and guess what.. after that the price will continue to move... we will get an upswing thrown in somewhere along the line too... markets... they move, BTC especially, everyone here knows this by now right?
 
If you still believe in BTC long term.. this is nothing but either entertainment or opportunity.

Set my alarms for $435 - going for a long nap.

 

[adamstgBit]

lol noobs.
I am an professional cryptotrader and i just went all in. ejoy being left behind y'allz!

Well, I can promise you one thing - we haven't hit a bottom. There is a total lack of volume. Like none. At all.

Nothing about this looks like a reversal. Sure we could go up from here - to maybe the 490s best case scenario. But we sure as hell haven't capitulated. Maybe if we get up some real steam we could. But this is currently the lamest bounce in the history of bitcoin.

you little FUDster you  

[windjc]

lol noobs.
I am an professional cryptotrader and i just went all in. ejoy being left behind y'allz!

Well, I can promise you one thing - we haven't hit a bottom. There is a total lack of volume. Like none. At all.

Nothing about this looks like a reversal. Sure we could go up from here - to maybe the 490s best case scenario. But we sure as hell haven't capitulated. Maybe if we get up some real steam we could. But this is currently the lamest bounce in the history of bitcoin.

you little FUDster you  

People need to understand that this isn't the bottom. Maybe buyers will come in at 440 and that'll be the bottom.

But there is no bottom here. This is just sellers taking a breath.

[adamstgBit]

i' m going to go to sleep early, whats the point of trying to stay up if the dumps come it will be at 3-6AM 

[Raystonn]

lol noobs.
I am an professional cryptotrader and i just went all in. ejoy being left behind y'allz!

Well, I can promise you one thing - we haven't hit a bottom. There is a total lack of volume. Like none. At all.

Nothing about this looks like a reversal. Sure we could go up from here - to maybe the 490s best case scenario. But we sure as hell haven't capitulated. Maybe if we get up some real steam we could. But this is currently the lamest bounce in the history of bitcoin.

you little FUDster you  

People need to understand that this isn't the bottom. Maybe buyers will come in at 440 and that'll be the bottom.

But there is no bottom here. This is just sellers taking a breath.

So, you flat?  Got bids lined up at 440 and lower?

[Davyd05]

How miserable is the board? Haven't been here the last day or two.

Just curious. Is everyone prepared for the possibility of retesting 420, 340 and 260? Is everyone ready to test <$260?

Not saying its going to happen, I'm just saying you might want to PREPARE yourself mentally and emotionally with that reality. You might want to have a gut check NOW instead of waiting until one of those scenarios plays out.

A few months ago when we recovered off the lows at 340 there was a lot of optimism around - things were just playing out like normal. Currently, some people STILL think its playing out like "normal" that we won't go below 420 or 340 or lower. Just can't happen.  Well that MIGHT be true. But what if its not??? ---> are you ready for that possibility??

If I was you, I'd have that conversation with myself soon. Because within the next month, its a possibility.

Bro Bro..or Sis SiS just make sure you got some fiat to buy the flash crashes and ensuing panic...Unless you never really believed in bitcoin...or are Mr. Psychopath day trader? Then dump dump? all day?

 It is pretty cliche to say its the internet of its time, but this innovation in securing, storing, transferring wealth, and the things we will build off of it as it becomes mainstream is truly not fully appreciated by many people. I would imagine so because it's been used for a highly speculative purpose, and buying drugs and some pizza.

[Davyd05]

i' m going to go to sleep early, whats the point of trying to stay up if the dumps come it will be at 3-6AM 

I'll be up...I'll watch them.

[adamstgBit]

lol noobs.
I am an professional cryptotrader and i just went all in. ejoy being left behind y'allz!

Well, I can promise you one thing - we haven't hit a bottom. There is a total lack of volume. Like none. At all.

Nothing about this looks like a reversal. Sure we could go up from here - to maybe the 490s best case scenario. But we sure as hell haven't capitulated. Maybe if we get up some real steam we could. But this is currently the lamest bounce in the history of bitcoin.

you little FUDster you  

People need to understand that this isn't the bottom. Maybe buyers will come in at 440 and that'll be the bottom.

But there is no bottom here. This is just sellers taking a breath.

yes i almost forgot there was an elephant in the room trying to exit.

we haven't been hit with FUD news yet...

[windjc]

lol noobs.
I am an professional cryptotrader and i just went all in. ejoy being left behind y'allz!

Well, I can promise you one thing - we haven't hit a bottom. There is a total lack of volume. Like none. At all.

Nothing about this looks like a reversal. Sure we could go up from here - to maybe the 490s best case scenario. But we sure as hell haven't capitulated. Maybe if we get up some real steam we could. But this is currently the lamest bounce in the history of bitcoin.

you little FUDster you  

People need to understand that this isn't the bottom. Maybe buyers will come in at 440 and that'll be the bottom.

But there is no bottom here. This is just sellers taking a breath.

So, you flat?  Got bids lined up at 440 and lower?

I have bids between 420 and 440, yes. Although, I will keep selling ever bounce until buyers show up. We have bounced a whole $20!!!!!! from lows after dropping $200 in the last week.  Are you kidding me?  

The last bull run from $340 was obviously mostly leveraged longs. That still has to unwind. Still $18million left on BFX.

I want to see buyers come in like they did at $66 in 2013. I need to see something like that. Right now, there is a ghost town on the bid side. Nothing but fucking tumbleweeds everywhere.

[Davyd05]

lol noobs.
I am an professional cryptotrader and i just went all in. ejoy being left behind y'allz!

Well, I can promise you one thing - we haven't hit a bottom. There is a total lack of volume. Like none. At all.

Nothing about this looks like a reversal. Sure we could go up from here - to maybe the 490s best case scenario. But we sure as hell haven't capitulated. Maybe if we get up some real steam we could. But this is currently the lamest bounce in the history of bitcoin.

you little FUDster you  

People need to understand that this isn't the bottom. Maybe buyers will come in at 440 and that'll be the bottom.

But there is no bottom here. This is just sellers taking a breath.

yes i almost forgot there was an elephant in the room trying to exit.

we haven't been hit with FUD news yet...

could always just be the whales couldn't resist fucking with us cause there was no news to hide behind fucking us with lol.

[adamstgBit]

lol noobs.
I am an professional cryptotrader and i just went all in. ejoy being left behind y'allz!

Well, I can promise you one thing - we haven't hit a bottom. There is a total lack of volume. Like none. At all.

Nothing about this looks like a reversal. Sure we could go up from here - to maybe the 490s best case scenario. But we sure as hell haven't capitulated. Maybe if we get up some real steam we could. But this is currently the lamest bounce in the history of bitcoin.

you little FUDster you  

People need to understand that this isn't the bottom. Maybe buyers will come in at 440 and that'll be the bottom.

But there is no bottom here. This is just sellers taking a breath.

yes i almost forgot there was an elephant in the room trying to exit.

we haven't been hit with FUD news yet...

could always just be the whales couldn't resist fucking with us cause there was no news to hide behind fucking us with lol.

or all this is, is bears finaly capitulating " cutting looses now b4 its to late "  

[empowering]

How miserable is the board? Haven't been here the last day or two.

Just curious. Is everyone prepared for the possibility of retesting 420, 340 and 260? Is everyone ready to test <$260?

Not saying its going to happen, I'm just saying you might want to PREPARE yourself mentally and emotionally with that reality. You might want to have a gut check NOW instead of waiting until one of those scenarios plays out.

A few months ago when we recovered off the lows at 340 there was a lot of optimism around - things were just playing out like normal. Currently, some people STILL think its playing out like "normal" that we won't go below 420 or 340 or lower. Just can't happen.  Well that MIGHT be true. But what if its not??? ---> are you ready for that possibility??

If I was you, I'd have that conversation with myself soon. Because within the next month, its a possibility.

Bro Bro..or Sis SiS just make sure you got some fiat to buy the flash crashes and ensuing panic...Unless you never really believed in bitcoin...or are Mr. Psychopath day trader? Then dump dump? all day?

 It is pretty cliche to say its the internet of its time, but this innovation in securing, storing, transferring wealth, and the things we will build off of it as it becomes mainstream is truly not fully appreciated by many people. I would imagine so because it's been used for a highly speculative purpose, and buying drugs and some pizza.

hmmmm drugs and pizza hmmmmm 

I will have coke with that.

[mjk79]

Of all the exchanges which would be the best or most preferred to trade on? Or do people just have accounts on all of them?

MtGox is good.... 

Thanks I'm not quite that new..

[yefi]

Some people say "the blockchain is understructible",

Just before setting the kitchen alight from cooking pork chop sandwiches!

[empowering]

Of all the exchanges which would be the best or most preferred to trade on? Or do people just have accounts on all of them?

MtGox is good.... 

Thanks I'm not quite that new..

Maybe Bitstamp/Coinbase?  where are you based?

[adamstgBit]

i' m going to go to sleep early, whats the point of trying to stay up if the dumps come it will be at 3-6AM 

I'll be up...I'll watch them.

if that hidden wall is sill buying at 3AM,  i'd be buying.

[adamstgBit]

always buying.

[Newbie1022]

i' m going to go to sleep early, whats the point of trying to stay up if the dumps come it will be at 3-6AM 

I'll be up...I'll watch them.

if that hidden wall is sill buying at 3AM,  i'd be buying.

Bro, this market has herpes right now. It's not even a real market. I wouldn't touch this s--- with a ten foot pole for a while.

[Davyd05]

i' m going to go to sleep early, whats the point of trying to stay up if the dumps come it will be at 3-6AM 

I'll be up...I'll watch them.

if that hidden wall is sill buying at 3AM,  i'd be buying.

Broken record.. didn't have money on exchange.. LOL I am going to miss a flash crash or flash recovery .. this is 30-40 under my average buy in price.. Feeling dumber by the moment. It's punishment enough watching such things take place.