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

[fonzie]

For old times sake

[1715056437]

1715056437

[5cMXezpBtm]

Times of cheap coins are soon over!

Don't miss the train then!

[crazy_rabbit]

If I sense correctly, it seems now real bulls and early adopters are starting to feel fear or at least getting annoyed and moody. What are those walls pushing us down? Are they organic selling or something else?

organic or not makes no difference

CHEAP COINS!  

 

I never have cash when these cheap coins roll around. :-(

[crazy_rabbit]

Honestly, I really still blame Karples for everything since $1200.

[exocytosis]

What are those walls pushing us down? Are they organic selling or something else?

Oh, it's the evil banksters and "bear whales" and paid government shills manipulating the price of course. You see, according to the cultists: Whenever BTC price goes down, it's price manipulation. Whenever it goes up, it's a healthy market discovering the "true price" of Bitcoin. That's why the cultists always ignore Willybot, Markus and the other Gox bots that created every BTC bubble in the first place. They deny the very existence of those bots, since they don't fit neatly into the narrative of organic growth and a healthy market ruled by supply and demand.

That's why the permabulls and cultists always talk about "bear whales" supposedly "manipulating" the price to buy huge amounts of "cheap coins".

They can't face the simple fact that ordinary people (and smart investors) simply aren't interested in ridiculous internet funbux. And they aren't suddenly gonna become interested, even when the price crashes to single digits, where it rightfully belongs. In fact, they'll be even less interested then than they are now.
 

[derpinheimer]

Honestly, I really still blame Karples for everything since $1200.

Thank Willie bot for bringing the price over $100.

We'd probably be double digits right now without  his work.

[Tzupy]

If I sense correctly, it seems now real bulls and early adopters are starting to feel fear or at least getting annoyed and moody. What are those walls pushing us down? Are they organic selling or something else?

Wait until support at 340$ will be broken, and then we'll have lots of angry posts.
This seeming break of short term support took me by surprise, I expected a large drop days later, maybe bearishness is spreading.

[Pala_00]

2000$... the next bubble is near...

[inca]

If I sense correctly, it seems now real bulls and early adopters are starting to feel fear or at least getting annoyed and moody. What are those walls pushing us down? Are they organic selling or something else?

Oh, it's the evil banksters manipulating the price of course. You see, according to the cultists: Whenever BTC price goes down, it's price manipulation. Whenever it goes up, it's a healthy market discovering the "true price" of Bitcoin. That's why the cultists always ignore Willybot, Markus and the other Gox bots that created every BTC bubble in the first place. They deny the very existence of those bots, since they don't fit neatly into the narrative of organic growth and a healthy market ruled by supply and demand.

That's why the permabulls and cultists always talk about "bear whales" supposedly "manipulating" the price to buy huge amounts of "cheap coins".

They can't face the simple fact that ordinary people (and smart investors) simply aren't interested in ridiculous internet funbux. And they aren't suddenly gonna become interested, even when the price crashes to single digits, where it rightfully belongs. In fact, they'll be even less interested then than they are now.
 

You talk as if those bots have been proven to exist. They haven't. You earlier mentioned you are waiting to buy bitcoin at a lower price than it is now. Not sure why you would say that if everything you said above were true. Perhaps you are trying to ..talk the price down.
Shame!

[adamstgBit]

If I sense correctly, it seems now real bulls and early adopters are starting to feel fear or at least getting annoyed and moody. What are those walls pushing us down? Are they organic selling or something else?

Oh, it's the evil banksters manipulating the price of course. You see, according to the cultists: Whenever BTC price goes down, it's price manipulation. Whenever it goes up, it's a healthy market discovering the "true price" of Bitcoin. That's why the cultists always ignore Willybot, Markus and the other Gox bots that created every BTC bubble in the first place. They deny the very existence of those bots, since they don't fit neatly into the narrative of organic growth and a healthy market ruled by supply and demand.

That's why the permabulls and cultists always talk about "bear whales" supposedly "manipulating" the price to buy huge amounts of "cheap coins".

They can't face the simple fact that ordinary people (and smart investors) simply aren't interested in ridiculous internet funbux. And they aren't suddenly gonna become interested, even when the price crashes to single digits, where it rightfully belongs. In fact, they'll be even less interested then than they are now.
 

internet funbux are still

Scarce
Durable
Portable
Divisible
Impossible to counterfeit
Fungible ( any 1 BTC has the same value as any other )
Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...)
Shiny ( yes the digital bits that make up a bitcoin are VERY shiny)

[Cyberlight]

Haven't seen suicidal hotline on Reddit    so bottom still not reached.

[mmitech]

Honestly, I really still blame Karples for everything since $1200.

some people still think that MTgox is the reason of $1200, until we know what really happened with Mtgox we will never know what really happened with the price.

[exocytosis]

You earlier mentioned you are waiting to buy bitcoin at a lower price than it is now.

I say a lot of things in jest. I'm probably not gonna buy more bitcoins anytime soon. Because Bitcoin really does seem to be going down, whether we like it or not.

And no, I don't like it.

[NotLambchop]

...
I never have cash when these cheap coins roll around. :-(

To have cash for cheap coins, you got to sell them while they are expensive.  As in "pretty much any time since Dec. 2013."

[mmitech]

in other words, I agree, gox fucked Bitcoin big time, when all the world was starting to get curious about Bitcoin and started watching, Gox had to go bankrupt, eventually this would happen sooner or later, but the timing was terrible.

[inca]

You earlier mentioned you are waiting to buy bitcoin at a lower price than it is now.

I say a lot of things in jest. I'm probably not gonna buy more bitcoins anytime soon. Because Bitcoin really does seem to be going down, whether we like it or not.

And no, I don't like it.

So why are you here? Posting every few minutes? Curious.

[adamstgBit]

Honestly, I really still blame Karples for everything since $1200.

some people still think that MTgox is the reason of $1200, until we know what really happened with Mtgox we will never know what really happened with the price.

its not like no one had the option to sell coins to this bot...

and its not like it was free to operate this "pump bot"

[coins101]

Honestly, I really still blame Karples for everything since $1200.

some people still think that MTgox is the reason of $1200, until we know what really happened with Mtgox we will never know what really happened with the price.

Alibaba Bitcoin rumors; Alibaba first skirting with Bitcoin; dreams that were later stamped out by PBOC.

[edwardspitz]

If I sense correctly, it seems now real bulls and early adopters are starting to feel fear or at least getting annoyed and moody. What are those walls pushing us down? Are they organic selling or something else?

Oh, it's the evil banksters manipulating the price of course. You see, according to the cultists: Whenever BTC price goes down, it's price manipulation. Whenever it goes up, it's a healthy market discovering the "true price" of Bitcoin. That's why the cultists always ignore Willybot, Markus and the other Gox bots that created every BTC bubble in the first place. They deny the very existence of those bots, since they don't fit neatly into the narrative of organic growth and a healthy market ruled by supply and demand.

That's why the permabulls and cultists always talk about "bear whales" supposedly "manipulating" the price to buy huge amounts of "cheap coins".

They can't face the simple fact that ordinary people (and smart investors) simply aren't interested in ridiculous internet funbux. And they aren't suddenly gonna become interested, even when the price crashes to single digits, where it rightfully belongs. In fact, they'll be even less interested then than they are now.
 

internet funbux are still

Scarce
Durable
Portable
Divisible
Impossible to counterfeit
Fungible ( any 1 BTC has the same value as any other )
Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...)
Shiny ( yes the digital bits that make up a bitcoin are VERY shiny)

Also they have a rounded shape. Which is nice.

[crazy_rabbit]

Well it's important to keep in mind that long term Bitcoin really is not only revolutionary, but also extremely useful. It's infrastructure is also becoming more and more robust on a daily basis. It's easy to panic while the price is dropping (which could be from the Alibaba IPO or huge mining operations dumping to pay their bills) but in reality Bitcoin itself has never been healthier.

The level of investment that has gone into bitcoin isn't going to disappear as these VC firms do multi year planning and know to expect a long struggle: especially in something as new as bitcoin. It took the internet awhile before it really kicked off as well- anyone remember the big tech bust of web 1.0?

Anyway, really we need to get people buying bitcoin as more than just an investment, although as an investment it's still probably fantastic in the long run. Our $10,000 coin dreams are based largely (I think) on bitcoin being adopted for remittances.