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

[JimboToronto]

If it goes down to 230 or below I will gladly toss in more than me weekly 3% I normally do. Heck, still waiting on the sub 200, I got very lucky earlier this year and caught the crash below 200 and happened to have money to buy a little bit. IMO, a return on my 1.5 BTC buy has shown great return if I have to cash out now. More than if I had put it into a saving account for sure.

Indeed.

I jumped all over January's dip, missed the $160 rock bottom but bought double digits at about $175, my biggest single-day purchase since early 2013. I'm hoping they'll be doubled in value soon. 

Way better than a savings account and way safer too.

[1714661895]

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[1714661895]

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[ChartBuddy]

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Explanation

[ChartBuddy]

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[Chef Ramsay]

NOM NOM NOM

This raw sugar diet isn't doin you any favors, gentlemen.
Just like BTC pumps, the shaky high invariably ends in a splattering crash

Thanks for that insight, chop chip. You've done more than your fair share to spread nothing of any importance, thx. Go ahead and buy a hand full of coins to make up for your sins.

[Chef Ramsay]

Haven't been here for a while, but it looks like it might be worth to start shorting again...

Suicidal thoughts won't pan out very well at this stage of the game, bro or whoever you are. But if you're joshing then short away! 

[Chef Ramsay]

I was about 23 pages behind in this thread so I thought fuck it and I went to the last one. I can't understand why everyone is so bullish back here?

the normal "we are going to the moon" bulltards stuff

Yeah, pay no attention to the moon stuff at the end of a bear market, it's not possible when the show changes characters. No chance of higher prices but you can sell now and let the adults take over your lot if you're scared or wanting out at a break even point. The big boys get profits and the timid sell at a loss or break even. Best of luck to ya.

[Chef Ramsay]

Beijing market is in meltdown, so expect some temporary gains in Bitcoin. Next few hours will be interesting.

But we will be back to 230 by Friday.

I will buy 10 BTC for 230 on friday from you...what do you say?

So will I even tho that won't happen but your selling will help the bitcoin market as a whole. Scoot and lost while the rest of us make out big. Thx

[Chef Ramsay]

But we will be back to 230 by Friday.

I see the bears are shorting again here at 300. It is basically a last stand for them.

Any appreciable buying now will eviscerate the remaining 10,666 shorts on finex.

Place your bets!

If the bears don't understand or care to learn about the context of the market compared to its prior actions--that is, how the last six months has been coiling the spring of this rally--they deserve to lose money.

Yep, they will get flatlined and embarrassed to hell and back. Thanks for your commentary and analysis for putting them where they belong. BC, is on top of this crypto game.

[Chef Ramsay]

[qoute]

You either need to have brass balls or be fresh out of the Babypips School for Retail Traders to short this. The probable direction is clear.

The hammer has spoken clear and present danger to those that are in disbelief. Not a good position to be in at this point.

[ChartBuddy]

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Explanation

[molecular]

Bitcoin is currently at the same stage you just hodl your long position until the market stops looking bullish

For a permabull the market always looks bullish.

Only trolls can't see that the whole crash from ~1200 to ~160 is nothing more than a bull flag! 

if you just look at the chart BTC is currently for the first time really in a bullish phase...

The problem is there is nothing fundamental backing this Bull-trend up like Interest rate decision etc. pp.

There's fundamentals backing up of long term bull trend:

• fiat QE and the debt mess combined with BTC limited supply
• useful integrated payment network (uncensorable, hidable)
• people start to 'get that'

add some time to that mix and you'll have quotes like

damn, I wish I was one of those early adopters buying bits in 2015 at 0.0003 USD/bit

[edgar]

Well good morning Bitcoinland.

You know there are things like timezones right?

LOL

I just stumbled on this post now.

Yes of course I know about time zones, an invention of Sanford Fleming, I believe. You seem to be missing the point of my repetition.

It's always morning, afternoon, evening or night somewhere in the world, but it's always morning in Bitcoinland.

It's like my formerly frequent references to coffee. When I realized some people totally missed the metaphor and thought I was talking about the beverage, I toned it down a notch.

I can't believe that some people reacted so negatively to what was intended to be a pleasant daily hello and recap of the day's status.

At least your comment was civilized. Some people actually seemed perturbed and made a more hostile response. To these people I'll just say, "Get a life".

Cheers.  

says the man with nothing to say but says it everyday anyway...

good morning bitcoinland

still nothing new to say i see

still, sideways is good

scorn & waffle etc...

[NewLiberty]

Bitcoin is currently at the same stage you just hodl your long position until the market stops looking bullish

For a permabull the market always looks bullish.

Only trolls can't see that the whole crash from ~1200 to ~160 is nothing more than a bull flag!  

if you just look at the chart BTC is currently for the first time really in a bullish phase...

The problem is there is nothing fundamental backing this Bull-trend up like Interest rate decision etc. pp.

There's fundamentals backing up of long term bull trend:

• fiat QE and the debt mess combined with BTC limited supply
• useful integrated payment network (uncensorable, hidable)
• people start to 'get that'

add some time to that mix and you'll have quotes like

damn, I wish I was one of those early adopters buying bits in 2015 at 0.0003 USD/bit

QFT

As an investment, it is anyone's guess...
However if you want a transparent and international currency tailor made for use with the internet, that has a predictable and diminishing inflation along with the notable distinction that it doesn't have an army attached to it, then it would be very hard to find a better choice.

[coinpr0n]

BTC-e is still more than $10 below other USD markets. Any reasons for this? I doubt the fatfinger/flash crash has to do with it anymore as that was a while ago. Ideas?

[ChartBuddy]

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Explanation

[madonnino]

I was ready to see quite a dump , but ... , sooo interesting, seems like we will break the 300$ soon, i hope so

[Gyrsur]

add some time to that mix and you'll have quotes like

damn, I wish I was one of those early adopters buying bits in 2015 at 0.0003 USD/bit

nice one! I like it! 

[razibuzouzou]

Well good morning Bitcoinland.

You know there are things like timezones right?

LOL
I just stumbled on this post now.
Yes of course I know about time zones, an invention of Sanford Fleming, I believe. You seem to be missing the point of my repetition.
It's always morning, afternoon, evening or night somewhere in the world, but it's always morning in Bitcoinland.
It's like my formerly frequent references to coffee. When I realized some people totally missed the metaphor and thought I was talking about the beverage, I toned it down a notch.
I can't believe that some people reacted so negatively to what was intended to be a pleasant daily hello and recap of the day's status.
At least your comment was civilized. Some people actually seemed perturbed and made a more hostile response. To these people I'll just say, "Get a life".
Cheers.  

says the man with nothing to say but says it everyday anyway...
good morning bitcoinland
still nothing new to say i see
still, sideways is good
scorn & waffle etc...

Uh ?! I really like Jimbo's daily greetings ! It's always a nicely-put, friendly and subtle summary of the price action.
Keep it up dude !

[ChartBuddy]

Coin
Explanation

[noobtrader]

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last call before price rising to 300 400 500 and beyond 33000 50000