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

[Taras]

I'm calling the psychological bottom at $266.
Mostly because I've never called a top or bottom before. Feels interesting.

[1714587898]

1714587898

[1714587898]

1714587898

[Room101]

I think bitcoin dropped has been dropping and might continue to drop (         )  for many many reasons, none of which I or anyone else could predict and so I and a lot of poeplez bought in too early...

I honestly thought the "bubble" would "pop" and then blow up again and just get bigger as larger and larger waves of poeple started to convert their fiats to bits!!!

Sadly a lot of things blew up in our faces ( the bubble(we kinda saw that one coming but still it went KA-FUCKING-BOOM), mtgox, china, bitlicense, etc... ) needless to say things didn't go as planned, and people lost shit tons of money and or "net worth" (  unrealized profits ).

Now Investor confidence is extremely low, traders are playing hot potato trying to get 1% on a quick bounce, and early adopters and or large BTC whales are cutting loose, and even I am having bearish thoughts!!

I don't have to tell you things are bad, everyone knows things are bad...

hoist the colours.

Relax man, BTC is still toiling away, slowly moving towards what it is meant to be: a trustable banking solution to the billions of unbanked. The infrastructure is being laid down faster and faster. Like a train line that is expensive and useless until it is finished, BTC is going through the growing pains that accompany moving from speculative asset to useful asset. Think about all that has happened in the last year, and realise we have a lot less to be worried about now than we did then.

Plus if all else fails, the darknet is still growing strongly, and BTC will always reign supreme there, soon the kiddies won't remember buying drugs any other way.

[blade87]

adamstgBit -- True that. Very good points. A couple months ago, I thought we might visit these levels, BUT I also thought we would have a high volume selloff and rally, like we have several times before. This time, there are no buyers at every damn support level we hit. This environment is one of very low confidence. There is no reason anymore to try to buy the bottom. Better to wait for the market to show signs of reversal, whether that's at $380 or $300 or $250 or $80.....

Pretty much this. Guys like falling can buy their $350 BTC. But what they didn't realize is if it gets to those levels, there's no reason to even enter. If there's going to be another long-term rally, why even try to gamble and call bottom. What difference does buying in at $100-$400 make if this all does come back one day? Money is an asset and I certainly don't want it tied up in something that will probably go no where for a while. A beaten market simply doesn't recover overnight. Until the bag holders slowly forget, they'll be waiting to dump. It's nearly over (for a while).

[Kupsi]

...and even I am having bearish thoughts!!

You have been on the wrong side before. I remember you even bought litecoin one time

Hoist the colours!!!

[Davyd05]

I guess we won't see any significant upward movement until new funds arrive at the exchanges on Monday? Probably just sideways movement followed by occasional dumps until then.

At CaVirtEx we can deposit via interac for a fee of $1.50 up to $500 daily. Or Direct EFT which is a $5 fee but a much higher limit. Either way I wanted to start getting money to the exchange near wednesday I would assume stronger predators smelling the fear would've been on top of this earlier than I.

I wonder how often people are actually left waiting for deposits..this is also what I was referencing earlier in some posts because the infrastructure for me to deposit has increased so much so IMO since I started to buy last year at this time.

[Xiaoxiao]

I guess we won't see any significant upward movement until new funds arrive at the exchanges on Monday? Probably just sideways movement followed by occasional dumps until then.

What money?

[Moria843]

I guess we´ll see 300 soon. Not that I care, I am in so much loss, I can HODL only. I´ll sink with this ship what gives

I bought 1 BTC at $380.01 today off www.coinbase.com...so obviously I jinxed it sorry about that....it now will tank more

( I ALWAYS pick the wrong time to buy...what can I say I'm a Savant!)

anyway figured I'd let folks know so they can have  a chuckle when it slips below that price ...er..hmm...prob in next 3 min
the way my luck runs

oh well its only money right?

I always sell on the bottom, so my coins are on a paper wallet since April. So I cant touch them and I don´t care about BTC at the moment. Just watching the drop... I "lost" 50% (invested 5 figures at middle range) if I would sell now. What gives, just money... Fuck it

If you haven't sold you haven't lost anything. You may end up selling at $2k/BTC. I'm in the same boat so at least you have company.

[akujin]

http://www.youtube.com/watch?v=itAOGRiYRLI


LOL

[marthelo]

HOLY SHIT. EBAY IS GOING TO ACCEPT BTC. REMEMBER WHEN NEW EGG STARTED

[Searing]

I guess we´ll see 300 soon. Not that I care, I am in so much loss, I can HODL only. I´ll sink with this ship what gives

I bought 1 BTC at $380.01 today off www.coinbase.com...so obviously I jinxed it sorry about that....it now will tank more

( I ALWAYS pick the wrong time to buy...what can I say I'm a Savant!)

anyway figured I'd let folks know so they can have  a chuckle when it slips below that price ...er..hmm...prob in next 3 min
the way my luck runs

oh well its only money right?

I always sell on the bottom, so my coins are on a paper wallet since April. So I cant touch them and I don´t care about BTC at the moment. Just watching the drop... I "lost" 50% (invested 5 figures at middle range) if I would sell now. What gives, just money... Fuck it

If you haven't sold you haven't lost anything. You may end up selling at $2k/BTC. I'm in the same boat so at least you have company.

ah ..it will be me and you buddy...we can start a "Bitcoin Dead Man's Club" get a bottle of expensive Wine...put it in a safe deposit box
with a letter to a law firm it goes to the last man standing of whatever group we managed to get together....they get the wine and
drink to us who went before (all misty eyed I am)

I can see it now the year 4492 on a starship ...a young ensign gets a mysterious box with wine and such......

with replicators ..there will be no need for bitcoin right (Bitcoin our highway to a Star Trek Utopia .......Nerds united into the future!)

er ahem back to topic...well me and you are this guy ....you on one end me on the other end with the camera








Video

http://www.youtube.com/watch?v=snTaSJk0n_Y

yeeh ha......banzai!

[Davyd05]

I think Adam is trying to trick the manipulators in to believing he's truly in despair.

 I've lost zero confidence that bitcoin is still primed to make an impact globally, still plenty of hurdles for it but how could we not expect some rough time after what M.K allowed to happen with everyone watching us in the spotlight.

People I know that are friendly towards bitcoin but don't have the cash to invest, are tempted to say fuck it and buy in the 300s.. perhaps we have to get this low to entice some of these people to really get acquainted with the bitcoin world.

Open source financial tools seem like something all society have needed since we allowed the few to control the wealth of many. Not to mention the few have more of the wealth to start with D:

As a speculator, yeah I'd hold off on buying till the bottom is defined in serious volume.

[blade87]

HOLY SHIT. EBAY IS GOING TO ACCEPT BTC. REMEMBER WHEN NEW EGG STARTED

Yeah. I remember Overstock. But the price kept falling. Then Newegg came along, but the price kept falling. The OMG PAYPAL - but the price kept falling!

Market is beat, this is sentiment, even Ebay isn't going to save it now.

Others have said, we need some bad to news to really just capitulate and get this over with.

[adamstgBit]

HOLY SHIT. EBAY IS GOING TO ACCEPT BTC. REMEMBER WHEN NEW EGG STARTED

[adamstgBit]

at least the bid walls look good... even tho there about to get DESTROYED~!!!!!!!!!!!!!

[marthelo]

HOLY SHIT. EBAY IS GOING TO ACCEPT BTC. REMEMBER WHEN NEW EGG STARTED

Yeah. I remember Overstock. But the price kept falling. Then Newegg came along, but the price kept falling. The OMG PAYPAL - but the price kept falling!

Market is beat, this is sentiment, even Ebay isn't going to save it now.

Others have said, we need some bad to news to really just capitulate and get this over with.

no it went back up and was in the 600 range

[Davyd05]

HOLY SHIT. EBAY IS GOING TO ACCEPT BTC. REMEMBER WHEN NEW EGG STARTED

Yeah. I remember Overstock. But the price kept falling. Then Newegg came along, but the price kept falling. The OMG PAYPAL - but the price kept falling!

Market is beat, this is sentiment, even Ebay isn't going to save it now.

till people other than those who already own and use bitcoin decide they want to hold some, we won't see the true effect of these business accepting the use of bitcoin, we could also question how the SR shutdown seemed to be a launch pad for the last rally, was it the exposure it gave bitcoin that helped to get so many people to feel the need to grab a bitcoin and hold it.

[adamstgBit]

is ebay really going to accept bitcoin tho?

i thought it was just braintree from paypal.

[Davyd05]

is ebay really going to accept bitcoin tho?

i thought it was just braintree from paypal.

yeah I am looking for some sort of info regarding that statement..not having any luck just yet but /r/bitcoin isn't really a thorough search lol

[adamstgBit]

stamps inching closer to that 1.1K BTC wall @390  

[ChartBuddy]

Explanation