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

[seleme]

I would seriously appreciate the bottom, need to take my life back. Please.

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[LFC_Bitcoin]

Really hope we don't go any lower.
I'm enjoying buying cheap couns atm but I don't want us to go lower than 300 USD again.

Place some stop loss at 270, if we brake 275 then we could go to 200~250.

I'm at least £1500 (GBP) down on what I've invested.

I'm a long term hoarder & won't sell any coins but it is frustrating over the last 2 months seeing the price continuously dropping. 

Yeah I know how you fell, I bought at 500 +- 

Same.
I've bought about 6 or 7 BTC since we fell below 400 USD to try and minimise my losses but still at a stinking loss.

[JayJuanGee]

Hashrate has skyrocketed
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Any reason why?

Because Bitcoin is dying, people are throwing more money into mining.

hahahahaha

[BitChick]

I would seriously appreciate the bottom, need to take my life back. Please.

I hear ya.  Is it just me or has anyone else been delaying things until BTC decides to go up in price again?

It is a bit painful.  We are perhaps a little "overinvested" right now.  Sure, we can sell coins right now (not even at a loss of what we paid originally) but it is a horrible time to sell, so we wait, and wait and wait.    

In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner.  The kids really want a nice Christmas.  Hopefully we are at least back to $600 by then?  I can hope anyways.

[rokkyroad]

I would seriously appreciate the bottom, need to take my life back. Please.

I hear ya.  Is it just me or has anyone else been delaying things until BTC decides to go up in price again?

It is a bit painful.  We are perhaps a little "overinvested" right now.  Sure, we can sell coins right now (not even at a loss of what we paid originally) but it is a horrible time to sell, so we wait, and wait and wait.    

In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner.  The kids really want a nice Christmas.  Hopefully we are at least back to $600 by then?  I can hope anyways.

I'm thinking Feb., March for up trend. Cannot see people investing much in btc with Christmas looming. The new year may see more lows with people cashing in btc to pay for the holidays. Who really knows?

[seleme]

I would seriously appreciate the bottom, need to take my life back. Please.

I hear ya.  Is it just me or has anyone else been delaying things until BTC decides to go up in price again?

It is a bit painful.  We are perhaps a little "overinvested" right now.  Sure, we can sell coins right now (not even at a loss of what we paid originally) but it is a horrible time to sell, so we wait, and wait and wait.    

In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner.  The kids really want a nice Christmas.  Hopefully we are at least back to $600 by then?  I can hope anyways.

I'm thinking Feb., March for up trend. Cannot see people investing much in btc with Christmas looming. The new year may see more lows with people cashing in btc to pay for the holidays. Who really knows?

Won't happen this time, the bubble I mean, but it happened last year exactly in front of Christmas. It isn't important.

[conspirosphere.tk]

mh: on tradingview they seem quite bullish now:
https://www.tradingview.com/s/bitcoin/?sort=recent&time=day

[BitAddict]

I would seriously appreciate the bottom, need to take my life back. Please.

I hear ya.  Is it just me or has anyone else been delaying things until BTC decides to go up in price again?

It is a bit painful.  We are perhaps a little "overinvested" right now.  Sure, we can sell coins right now (not even at a loss of what we paid originally) but it is a horrible time to sell, so we wait, and wait and wait.    

In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner.  The kids really want a nice Christmas.  Hopefully we are at least back to $600 by then?  I can hope anyways.

Do you have a plan in case bitcoin goes below $275 and stays lower for several months or even 1-2 years?
This kind of thinking of delaying and being overinvested in bitcoin is going to lead to a massive panic dump like the good old times if we go below $275. Dunno if it will break, but be careful.

[NotLambchop]

BITCOIN PRICE FACES LOWER LOWS IN CONTINUING SLOW DECLINE
https://www.cryptocoinsnews.com/bitcoin-price-faces-lower-lows-continuing-slow-decline/

WC3's Web Payments Redesign Could Bypass Bitcoin
http://www.coindesk.com/wc3s-web-payments-redesign-bypass-bitcoin/

Lower prices make Bitcoin more affordable for the masses.
Thank Satoshi Bitcoin's laissez faire individuality won't be shackled by WC3's fascist strictures and regulations.
Very welcome bullish news

[NotLambchop]

...
In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner.  The kids really want a nice Christmas.  Hopefully we are at least back to $600 by then?  I can hope anyways.

The Lord will provide.
/whining.

[InvestorPerson]

mh: on tradingview they seem quite bullish now:
https://www.tradingview.com/s/bitcoin/?sort=recent&time=day

oh look, those magical paintings again

lol

This is the transfer of wealth going on right now - rich fiat is coming and buying at a relatively low point while truely early adopters need cash to maintain.

Good time for this, hopefully we see $100 soon.

sure, this must be it ! 

[ChartBuddy]

Explanation

[redsn0w]

Explanation

Under  $320  before the end of 2014 , is it possible ?

[spooderman]

touch the 200s again for me. My bid order was 1 dollar too low last time

[LFC_Bitcoin]

Explanation

Under  $320  before the end of 2014 , is it possible ?

Under 320 USD?

Almost certainly, it could quite easily drop that low by the end of the weekend unfortunately.

[LFC_Bitcoin]

This is the transfer of wealth going on right now - rich fiat is coming and buying at a relatively low point while truely early adopters need cash to maintain.

Good time for this, hopefully we see $100 soon.

sure, this must be it ! 

Smile all you want I am stocking BTC with a monthly buy - I very rarely sell any.  I came in after runup to $250 in May 2013, I am HODLing for a very, very, very long time and dont ever have to sell.

I have funds waiting on COIN ETF but if we get to a price that I think is better and easier to deal with I do a bulk buy.

I am not the only one doing this - see http://avc.com/2014/10/averaging-in-and-averaging-out/

I am planning to hoard my coins for a very long time but it doesn't make it feel any better when the price is on a downward spiral.

[redsn0w]

touch the 200s again for me. My bid order was 1 dollar too low last time

$200 mmm.. maybe it is possible.

Explanation

Under  $320  before the end of 2014 , is it possible ?

Under 320 USD?

Almost certainly, it could quite easily drop that low by the end of the weekend unfortunately.

Bitcoin need some news , important positive news. Where is paypal ?

[BitChick]

I would seriously appreciate the bottom, need to take my life back. Please.

I hear ya.  Is it just me or has anyone else been delaying things until BTC decides to go up in price again?

It is a bit painful.  We are perhaps a little "overinvested" right now.  Sure, we can sell coins right now (not even at a loss of what we paid originally) but it is a horrible time to sell, so we wait, and wait and wait.    

In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner.  The kids really want a nice Christmas.  Hopefully we are at least back to $600 by then?  I can hope anyways.

Do you have a plan in case bitcoin goes below $275 and stays lower for several months or even 1-2 years?
This kind of thinking of delaying and being overinvested in bitcoin is going to lead to a massive panic dump like the good old times if we go below $275. Dunno if it will break, but be careful.

Well, the good news is that even if we sell at $275, that is above our entry point.  So the plan is sell only when totally necessary!    The question is more about what is deemed "necessary."  If we have to sell a substantial amount we could and will but we won't need to for several more months (could delay it even longer if we take advantage of more zero percent interest credit but that is a game that I really don't like playing too much.)  I think part of me feels like it is a game of who can wait the longest.  There are people trying to shake out the weak hands and I don't want to be the "weak hands" being shaken out!  Hodl on!  

[BitAddict]

I just need to look at this chart to understand we are at a really dangerous point. Fiat bid sum is returning to prebubble levels, while bitcoin supply is quite higher. And it is quite scary while we are approaching to an important key level like $275.

Miners and merchants are drying the exchanges, current prices are not sustainable for a long time. Fiat entries needs to be improved, plus a massive pump event to break all the resistances to bring price to ATH where it can rally again. ETF probably will do this work, but there could be delays until it is up, you know how this things works.
Until that, IMO, bitcoin will keep slowly bleeding, with its ups and downs.

[rokkyroad]

I am planning to hoard my coins for a very long time but it doesn't make it feel any better when the price is on a downward spiral.
[/quote]

That's exactly how I feel.

If its a sinking ship, so be it.