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

[relm9]

Last chance to buy sub $500?

[1714866781]

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[1714866781]

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[1714866781]

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[seleme]

I had 90 BTC long at 450 yesterday morning. If that sucker btc-e didn't drop a bollock and called me for half of that bid, I could make a killing today. Instead I lost 15 BTC. Fuck. It was so reasonable to put bids at 450.

[seleme]

Last chance to buy sub $500?

Nope unfortunately.

[Davyd05]

leverage sounds ever so not fun.

[JayJuanGee]

btc-e.... what are you doing!?!?

just like when it fell from $1000 look whos right there manipulating the books!!!   $250 bets? hmmmm

They are pretty steady calling bull---- on the rest of the market. Anyhow, one of two things will happen... either Bitfinex will flash crash and we'll see new lows OR... we'll stop short around $445 and then get a bounce back. We can't get a true bounce, though, until we confirm a bottom. Right now, the matter is borderline untradeable. I am temporarily taking my ball and going home. I got whipsawed enough over the past couple of days. I'll buy back in when I am not so much out of my depth (and I realize that this is a surefire sign of capitulation which means I should do the opposite... except I thought the same thing several times this week).

Good luck.

If you are gonna take a break and NOT look at the markets, then HOPEFULLY you are sleeping in BTC, rather than fiat.. ... just saying... 

[stereotype]

Like the prophets who preceded me in history, I was martyred for shaking up the status quo of this place. I spoke harsh truth that upset certain people who wielded power over others. If you strike me down, two will return in my place to avenge me  

Have you ever thought about giving terrorism a try? Islamic State are still recruiting for the deluded, i think.

[seleme]

leverage sounds ever so not fun.

It wasn't even risky leverage at all, I don't go full margin. But everything went against me. I initiated 30 btc transfer from mt4 to btce 3 days ago and forgot about it. Btce decided to move those coins just before the crash so my pretty conservative margin became risky one. And even with that I got called at 322, just 13$ above bottom. Luckily, other order wasn't called and it was probably not much far away, could have been even worse.

[JayJuanGee]

If there is any positive... well, it was a negative for me because I was riding a short... it is that the market didn't really respond that harshly to the BTC-e crash. This gives me the sense that approximately 400 is the lowest we can go apart from flash crash ranges. But I do not know this and am tired of losing money on hunches.

Generally NOT profitable to bet against BTC... I mean.. surely we are in a downward trend and largely have been in such downward trend since early December 2013, but still..

BUYDL  and HODL!!!!!!

[Newbie1022]

Hogs gettin' hoggy. Seriously, we had two flash crashes on separate exchanges inside the same week. It's probably going to hit 490, but we aren't breaking 500 tonight and we'll probably swing down a few more times.

[seleme]

Hogs gettin' hoggy. Seriously, we had two flash crashes on separate exchanges inside the same week. It's probably going to hit 490, but we aren't breaking 500 tonight and we'll probably swing down a few more times.

Exactly.

[podyx]

Hogs gettin' hoggy. Seriously, we had two flash crashes on separate exchanges inside the same week. It's probably going to hit 490, but we aren't breaking 500 tonight and we'll probably swing down a few more times.

how low do you think we'll go?

[JayJuanGee]

I'll be honest, I never felt more fear than today. I screwed most of my awesome net worth from March and looking it bleeding even more is frightening. I laughed all crashes before, even when I had nothing almost, but this time is diferrent as those old numbers are making me going through the mare, I was just one little step from dreams and now it looks far away  

Hopefully, that means time for reversal  

If you didn't lose coins I wouldn't worry a lot long term... if you did, this is problem x 2.

Hm, yes and no. I took some losses, cashed out some but most are locked in bad alts/fees investment. I had 500 BTC at one point, I have 70 BTC available now, and probably 300+ locked in losing trades. Very losing trades, may I add

So all, in all, I could collect maybe 150 btc max now, and not fast as I could crash some stuff to oblivion if I'd cash out :p.

But honestly, there is only one investment that is bothering me. That was like 140 btc and now is at 30 max. I was cool with others going down, and kinda expected it after some time, but this one wasn't suppose to happen and I am angry on myself that I failed to went out on time when it did. I seriously couldn't care about bitcoin price if I had those 140 btc now, I'd be pretty fine with 200+ available btc.

Yeah, I might be good in long term, it's the time between I am worried about, lol

There's potential profits in a large number of alts... but they seem to be too uncertain in a lot of respects... accordingly, maybe as a rule, keeping more than 80% in BTC is a better practice.  Currently, I have nearly 98% of my crypto investment in BTC.

Every single Alt has lost waaaay more than BTC... but I have NOT been as active in the alt scene to figure out ways to DCA and/or to cut my loose.

[seleme]

I'll be honest, I never felt more fear than today. I screwed most of my awesome net worth from March and looking it bleeding even more is frightening. I laughed all crashes before, even when I had nothing almost, but this time is diferrent as those old numbers are making me going through the mare, I was just one little step from dreams and now it looks far away  

Hopefully, that means time for reversal  

If you didn't lose coins I wouldn't worry a lot long term... if you did, this is problem x 2.

Hm, yes and no. I took some losses, cashed out some but most are locked in bad alts/fees investment. I had 500 BTC at one point, I have 70 BTC available now, and probably 300+ locked in losing trades. Very losing trades, may I add

So all, in all, I could collect maybe 150 btc max now, and not fast as I could crash some stuff to oblivion if I'd cash out :p.

But honestly, there is only one investment that is bothering me. That was like 140 btc and now is at 30 max. I was cool with others going down, and kinda expected it after some time, but this one wasn't suppose to happen and I am angry on myself that I failed to went out on time when it did. I seriously couldn't care about bitcoin price if I had those 140 btc now, I'd be pretty fine with 200+ available btc.

Yeah, I might be good in long term, it's the time between I am worried about, lol

There's potential profits in a large number of alts... but they seem to be too uncertain in a lot of respects... accordingly, maybe as a rule, keeping more than 80% in BTC is a better practice.  Currently, I have nearly 98% of my crypto investment in BTC.

Every single Alt has lost waaaay more than BTC... but I have NOT been as active in the alt scene to figure out ways to DCA and/or to cut my loose.

I'm not trading these new ones, tbh. All my alts are ones I was familiar with and knew their trading ranges. They broke down heavily though but I haven't bought them nowhere near their tops so if they ever retrace I should be good.

[ChartBuddy]

Explanation

[Newbie1022]

Hogs gettin' hoggy. Seriously, we had two flash crashes on separate exchanges inside the same week. It's probably going to hit 490, but we aren't breaking 500 tonight and we'll probably swing down a few more times.

how low do you think we'll go?

We may have hit the actual low, but it's crazy to think we won't retest it. Who knows, maybe I'm wrong and am missing out on an opportunity.

My thought is this -- too much damage done this week to Bitcoin's brand... too much happened.
At the same time, the damage wasn't so catastrophic -- like a drop to the 200s or 300s -- where you'd say this is clearly it. So, with that fact pattern... can't imagine we wouldn't be testing the lows today. Seems like a giant bull trap.

[fonzie]

Hogs gettin' hoggy. Seriously, we had two flash crashes on separate exchanges inside the same week. It's probably going to hit 490, but we aren't breaking 500 tonight and we'll probably swing down a few more times.

how low do you think we'll go?

We may have hit the actual low, but it's crazy to think we won't retest it. Who knows, maybe I'm wrong and am missing out on an opportunity.

My thought is this -- too much damage done this week to Bitcoin's brand... too much happened.
At the same time, the damage wasn't so catastrophic -- like a drop to the 200s or 300s -- where you'd say this is clearly it. So, with that fact pattern... can't imagine we wouldn't be testing the lows today. Seems like a giant bull trap.

Stop doing drugs, buy BTC , sleep.

[N12]

Hogs gettin' hoggy. Seriously, we had two flash crashes on separate exchanges inside the same week. It's probably going to hit 490, but we aren't breaking 500 tonight and we'll probably swing down a few more times.

how low do you think we'll go?

We may have hit the actual low, but it's crazy to think we won't retest it. Who knows, maybe I'm wrong and am missing out on an opportunity.

My thought is this -- too much damage done this week to Bitcoin's brand... too much happened.
At the same time, the damage wasn't so catastrophic -- like a drop to the 200s or 300s -- where you'd say this is clearly it. So, with that fact pattern... can't imagine we wouldn't be testing the lows today. Seems like a giant bull trap.

Stop doing drugs, buy BTC , sleep.

It's just typical bear trolls trying to talk the price down. Should have listened to fonzie.

[gizmoh]

We are Bulllish --> Says the Bear Club 

[fonzie]

Hogs gettin' hoggy. Seriously, we had two flash crashes on separate exchanges inside the same week. It's probably going to hit 490, but we aren't breaking 500 tonight and we'll probably swing down a few more times.

how low do you think we'll go?

We may have hit the actual low, but it's crazy to think we won't retest it. Who knows, maybe I'm wrong and am missing out on an opportunity.

My thought is this -- too much damage done this week to Bitcoin's brand... too much happened.
At the same time, the damage wasn't so catastrophic -- like a drop to the 200s or 300s -- where you'd say this is clearly it. So, with that fact pattern... can't imagine we wouldn't be testing the lows today. Seems like a giant bull trap.

Stop doing drugs, buy BTC , sleep.

It's just typical bear trolls trying to talk the price down. Should have listened to fonzie.

Those bears are so stupid, they will miss they train anyway. Should have listened to Blitz & Walsoraj.

[N12]

We are Bulllish --> Says the Bear Club 

Exactly. Permabears are bullish since yesterday while permabulls are bearish. So the turn (short-term) was obvious.