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

[Jozzaboy]

Most likely true as Bitcoin will be a series of bubbles until and if mass adoption takes place. In the mean time, I would rather have the maximum amount of bitcoins.

Time to buy is when the BTC price is in a bubble of plumbum.

I would hardly call this an inverted bubble just yet, the price is still near 100. Watch over the next week where we will see smaller and smaller rallys on the price. Highest low point I can see is 85 USD. Then I'm sure we will see another take off to 200+ before end of the year.

It's summer, everyone is holding fiat while the party lasts and the sun shines.

[1714594983]

1714594983

[Dalib]

Looks like the sucker rally is stalling. Even for a Sunday this is low volume.

yes very low volumes, but I'm not surprised:

Why would buy now the one who waits cheap coin?
And why would sell to whoever could sell for 130-100?

I believe that when we see another direction, trading volume will be better.

Looking back at a year ago did you really care if you bought at $5, $6, or $7? A year ago the 100 day average was around $5.50.

Buying today with the 100 day average around $115 and worrying if I buy at $100 which is 15% below or $90 which is 22% below or $80 which is 30% below doesn't really matter much to me. All these prices are amazing deals.

I believe the fundamentals are great and that's why I'm buying.

If you look at it at it this way, yes.

But: it is possible, I'm not saying it will happen, but it is possible that the price will drop to 70 or 50, maybe $ 30.

The person who sold part of their Bitcoin to buy them back more, will not buy now for 95 a few days before the conclusion of two to three month's triangle.

It is very likely that either will fall even more, or the down trend will stop.

If the trend turns up, they begin to re-buy and those who sell, yet until we have about 100

Otherwise when the price will be lower, more people will buy after each drop and then the price starts to increase again...  

[ChartBuddy]

[Nightowlace]

Holy shit, everyone should buy. Buy now! The news I just heard, I swear BTC is going to skyrocket very soon!

.......now spreading HEP (Hope, Encouragement, Positivity) screw FUD jump on board the HEP train!

[QuestionAuthority]

Holy shit, everyone should buy. Buy now! The news I just heard, I swear BTC is going to skyrocket very soon!

.......now spreading HEP (Hope, Encouragement, Positivity) screw FUD jump on board the HEP train!

Can I have some of your weed? Please!

[ThatDGuy]

Holy shit, everyone should buy. Buy now! The news I just heard, I swear BTC is going to skyrocket very soon!

.......now spreading HEP (Hope, Encouragement, Positivity) screw FUD jump on board the HEP train!

Mmmm, like the idea, but the name HEP sounds like it's a nickname for Hepatitis! 

[hmmmstrange]

Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.

[QuestionAuthority]

Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.

That's your idea of limited because mine is pretty low.

[Frozenlock]

Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.

Go on, mortgage your house and buy all those very limited coins.  

[hmmmstrange]

Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.

That's your idea of limited because mine is pretty low.

There are about 60,000 coins available under the 100 day moving average. That amounts to only 0.5% of the outstanding coins.

[Dalib]

Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.

I don't write, that I know the price will rise or fall.

But I know that within a few days either we break the downtrend or support line.

And then the trading volume will be greater, that's what I wrote.

[QuestionAuthority]

Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.

That's your idea of limited because mine is pretty low.

There are about 60,000 coins available under the 100 day moving average. That amounts to only 0.5% of the outstanding coins.

And of those I need about 50. See, I told you.

[gizmoh]

Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.

That's your idea of limited because mine is pretty low.

There are about 60,000 coins available under the 100 day moving average. That amounts to only 0.5% of the outstanding coins.

Just like there is only $12 millions in the order books for 11 million bitcoins mined
Figures can be misleading..

[ChartBuddy]

[CoinEntropy]

Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.

I don't write, that I know the price will rise or fall.

But I know that within a few days either we break the downtrend or support line.

And then the trading volume will be greater, that's what I wrote.

What tool do you use for this?

[Dalib]

Look at how much time the price of BTC has spent under the 100 day moving average.... Then look at how much time it has spent at < 10% below that average. In my opinion by waiting to buy you are risking way too much. There are, let me say, "more then a handful" of people waiting for a very limited amount of coins at a "cheap" price.

I don't write, that I know the price will rise or fall.

But I know that within a few days either we break the downtrend or support line.

And then the trading volume will be greater, that's what I wrote.

What tool do you use for this?

https://www.tradingview.com/e/?symbol=MTGOX%3ABTCUSD

[molecular]

A bear doesn't talk big bear words on the forums if he hasn't already sold.

A lot of bear talk lately => a lot of people are short => ...

[Jozzaboy]

A bear doesn't talk big bear words on the forums if he hasn't already sold.

A lot of bear talk lately => a lot of people are short => ...

And inversely a lot of bull talk, a lot of people are in long positions; all in.

[Dalib]

A bear doesn't talk big bear words on the forums if he hasn't already sold.

A lot of bear talk lately => a lot of people are short => ...

You're right, a lot of bears writes about BTC for $ 30.
Who found downtrend as the first, sold it for $ 130 - 150
That's why I always say change ahead of us, but I'm not sure whether up or down.
Definitely I'm not saying that Bitcoin will definitely a 30 and that left everyone.
Demand at 80-50 is still huge ... A lot of Bitcoin is in "strong hands" that will not sell it. It's maybe different than in 2011.

Edit: Each bear needs someone to sell below than himself, and each bull needs someone who buys higher than he, otherwise the trend reverses 

[Nightowlace]

Holy shit, everyone should buy. Buy now! The news I just heard, I swear BTC is going to skyrocket very soon!

.......now spreading HEP (Hope, Encouragement, Positivity) screw FUD jump on board the HEP train!

Mmmm, like the idea, but the name HEP sounds like it's a nickname for Hepatitis! 

lol, now that you mention it. Any alternate ideas?