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

[riiiiising]

The bear trolls are gone, Blitz has banned idiots like fallling and his sock puppets who made ridiculous claims that bitcoin would  drop further in price! We all know $275 was absolute bottom, there is no way it's going lower.

So now finally, we can start back up again. The FUD spread around here this year has been way too much.

[Cheeseonastick]

The question I am asking myself right now, is likely the same question that intelligent people all over planet earth are asking themselves right now; where is this heat coming from, and is it sustainable?

In times like these, visualizations can be cathartic.

Ladies and gentlemen, cross your fingers and prepare for launch!
 

https://www.youtube.com/watch?v=uNZUswvPccU#t=29s

[njcarlos]

Ok, your not a shit talker. You should have just called me out like you just did.People are responsible sure but they get led in the wrong direction all the time. That's not their fault. If not this forum where are you supposed to get advise on Bitcoin?

It's up to the individual to read everything they can, and come to their own conclusions. It's simple due diligence. You can't just come to this forum and expect to get sound financial advice. And if you think someone makes valid points, read their post history. See if they've ever been right. Or see if they just spout the same crap no matter the price (half the bulls in this section of the forum). Better yet, just use common sense. Sans a black swan event, it's pretty easy to gauge the sentiment of the community across here, reddit, and other sources. That, and a little math and the available network metrics. When X amount of coins are minted per day requiring Y amount of millions to sustain a price seems outlandish based on perceived sentiment, or the driving force behind a rally (China) is losing steam amidst disconcerting government announcements, hey, it's probably going down a bit. No need to listen to people shouting "cheap coins" when all this is staring you right in the face.

[Ryota]

Profit taking on an up trend?

Bitcoin is a game, the goal is to find good bottoms, buy low and dump sell high.

[octaft]

Anyone who states anything about what will happen in the future as unequivocal fact should be disregarded.

[QuestionAuthority]

Ok, your not a shit talker. You should have just called me out like you just did.People are responsible sure but they get led in the wrong direction all the time. That's not their fault. If not this forum where are you supposed to get advise on Bitcoin?

It's up to the individual to read everything they can, and come to their own conclusions. It's simple due diligence. You can't just come to this forum and expect to get sound financial advice. And if you think someone makes valid points, read their post history. See if they've ever been right. Or see if they just spout the same crap no matter the price (half the bulls in this section of the forum). Better yet, just use common sense. Sans a black swan event, it's pretty easy to gauge the sentiment of the community across here, reddit, and other sources. That, and a little math and the available network metrics. When X amount of coins are minted per day requiring X amount of millions to sustain a price seems outlandish based on perceived sentiment, or the driving force behind a rally (China) is losing steam amidst disconcerting government announcements, hey, it's probably going down a bit. No need to listen to people shouting "cheap coins" when all this is staring you right in the face.

Yeah, that's all true. I have learned that slowly, oddly enough, from watching this thread. I think this forum controls Bitcoin price more than it should. This thread in particular is one that is a controlling force because people do make buy and sell decisions based on what they see here and it pops up every time at the top of "new forum posts" because it's the most active thread on the forum.

[ChartBuddy]

Explanation

[njcarlos]

Yeah, that's all true. I have learned that slowly, oddly enough, from watching this thread. I think this forum controls Bitcoin price more than it should. This thread in particular is one that is a controlling force because people do make buy and sell decisions based on what they see here and it pops up every time at the top of "new forum posts" because it's the most active thread on the forum.

It scares me to think this forum (Speculation) is a market maker. I sort of refuse to believe it, but it may be true. If it is, everything is far more fragile than I thought.

[QuestionAuthority]

Yeah, that's all true. I have learned that slowly, oddly enough, from watching this thread. I think this forum controls Bitcoin price more than it should. This thread in particular is one that is a controlling force because people do make buy and sell decisions based on what they see here and it pops up every time at the top of "new forum posts" because it's the most active thread on the forum.

It scares me to think this forum is a market maker. I sort of refuse to believe it, but it may be true. If it is, everything is far more fragile than I thought.

Yeah, it is scary and we are all trying to make long term money. I don't know if it's fragile or just confusing to people. If you knew nothing about Bitcoin and were thinking about buying a few but saw the volitility over the last couple of years you would go somewhere to find out if it a good time to buy. Good or bad, that place is here. Not here on this forum but here in this thread. I like the continuous to the moon talk even if it is total bullshit because that creates new money.

[Richy_T]

It's all about FOMO now. People know the difference between paying $250 or $350 BTC is going to reach new ATHs is negligible. But if you keep waiting for $250 you may never even pull the trigger at $350 and just completely miss out, and be nothing more than another "I wish" story later down the line.

Keep dreaming. There will be no such rally like last time. Not in the immediate future, at least (read immediate as 2-3 years). Enough people were exposed to the last run up and slaughter that the "FOMO" will be curbed by the "oh yeah, several thousand people lost their shirts last time, let's wait and see what happens" effect.

Because this time is different.

[spooderman]

Blitz next post is critical

[NotLambchop]

...I like the continuous to the moon talk even if it is total bullshit because that creates new money.

Lol, who woulda thunked.  A bagholder looking for greater fools.

Copping to it, OTOH, now that's just

[JayJuanGee]

What is the bitstamp international wire deposit delay like? Any ideas? Might be delaying the response to the low prices?

I think it is about 5 days on average.


Edit: in case you are worried you will miss "cheap" coins, I dont think you have to, because there is still a big possibility that we will see even "cheaper" coins.

Of course, there is a possibility for cheaper coins. 

There is a possibility of almost anything.

[njcarlos]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

It does but, when done with poor timing in a correction, it also creates a lot of negativity because people start to lose value pretty quickly. That can just as quickly start a cycle of negativity that actually inhibits new money.

[POM]

I hope it stablizes til friday when my coins come in  

[octaft]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

How very hypocritical of you.

[podyx]

If we don't have a decent spike today, tomorrow or on friday, i'ma be slightly worried ($25+)

[Luxasd]

If we don't have a decent spike today, tomorrow or on friday, i'ma be slightly worried ($25+)

Yes, the next days are critical.

[QuestionAuthority]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

It does but, when done with poor timing in a correction, it also creates a lot of negativity because people start to lose value pretty quickly. That can just as quickly start a cycle of negativity that actually inhibits new money.

It might be negative in the short run but think about the long run. Lots of positive here defeats the negative in the press. Some poor fool buys at the wrong time and there is a drop. Ok, he's pissed at first but won't sell because he doesn't want to lose any money. While he's waiting for an increase he starts to read and learn. Now he likes the idea of Bitcoin because he understands it. Eventually it goes up and he's a happy convert to the cult. All of the honesty here is fucking up Bitcoin. lol

[Davyd05]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

It does but, when done with poor timing in a correction, it also creates a lot of negativity because people start to lose value pretty quickly. That can just as quickly start a cycle of negativity that actually inhibits new money.

I think you under estimate the big money waiting to buy when people are in pure panic and fid that brought us here. Trends gotta play out but also have to end.