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

[TReano]

we're still trending up, so respect to those who have courage to short
The question here is are we going through 500 barrier or some sort of triple-top will form again

I am pretty sure not many people are shorting here..  Most of the sells are taking profits from longs which is totally reasonable after a over 100% move...

[1714724599]

1714724599

[Karartma1]

If someone spent millions of dollars putting up walls on 3 exchanges, that is a very expensive trap to set. Those walls are real. Price jumped last night, and people want to take profit.

Or the whales could intend to buy their own coins to get the price up and get the fomo rolling.

They have lots of coins to dump at an even greater profit.

I opened a short at 446, and I am glad I did.

Closed the short at 443. If it dips lower, I will start leveraging long again.
Don't you guys wish you were as cool as me?

Too many John Wayne around, proof or it didn't happen.

[conspirosphere.tk]

fed meeting is weds.. raise rates or not to raise rates.. bitcoin is up while gold and silver is down.. buy silver now while it is under 14.00 or buy bitcoins over 440.00 ?? i do not believe they will really raise rates. either way weds is the day we will find out and see what happens. i have this feeling that metals is going to get harder to obtain. i was in a shop today that had 2015 silver eagles priced at $19.00 if buy 100 or more coins.. that is still a good price at $5.00 over spot if you consider silver was $30.00+ a few months ago.. although the same shop had engelhard 100oz bars for $15.50 an oz if you bought more than one. which btw.. they stopped making 100oz engelhard bars in 2006. .. coinbase has bitcoins at $446.00 each. which is best deal ??........

The best is probably having some of both -after keeping a 30% in cash for the moment. imho gold and silver could keep dropping for a few months more, maybe another 20% or so. This looks like a good time to stack some silver if you assume that the downside risk should be contained. But as an hodler of PM since 2007 I kept wrong assumptions about downside risk for a long time -not to speak about my hodling bitcoins :-D

About the upside potential, my bet is on bitcoins atm. But I'm ready to trade some btc for PM when btc overshoots or when my view will change.

[ChartBuddy]

Coin



Explanation

[aztecminer]

If someone spent millions of dollars putting up walls on 3 exchanges, that is a very expensive trap to set. Those walls are real. Price jumped last night, and people want to take profit.

Or the whales could intend to buy their own coins to get the price up and get the fomo rolling.

They have lots of coins to dump at an even greater profit.

I opened a short at 446, and I am glad I did.

Closed the short at 443. If it dips lower, I will start leveraging long again.
Don't you guys wish you were as cool as me?

i am at all time high levels of awesomeness after scoring 100oz englehard bars ... my cost average dropped significantly today.... i feel is waaaay to risky to buy bitcoins at 400+ in an economic environment that is worsening each day. read this:

"No matter where you look there are reasons to be very “bearish on the world”.  Whether it be equities, credit, derivatives, or nearly anywhere geographically, the risk versus reward is highly skewed toward digging a hole and covering yourself with a rock!  …And these are the known risks!" http://www.jsmineset.com/2015/12/13/this-week/



why did bitchcoin unable to break 400 during the greece crisis ?? there is something wrong in bitchcoinland. everything is down...except...bitchcoin.

[goldsun]

Are we going to go up from this, to 450? OR will we fall back?

Would be nice if we would go back a little bit to get a more stable correction around the holidays.

[becoin]

i feel is waaaay to risky to buy bitcoins at 400+ in an economic environment that is worsening each day

?...
Risky economic environment is excellent for bitcoin!

[glendall]

Things are lookin up.

[TERA]

i feel is waaaay to risky to buy bitcoins at 400+ in an economic environment that is worsening each day

?...
Risky economic environment is excellent for bitcoin!

Not necessarily.  If people start having less money due to a decreased ability to borrow and leverage,  or otherwise,  then they won't have as much speculative money to support the price.

[ChartBuddy]

Coin



Explanation

[JimboToronto]

Things are lookin up.

Things look sideways to me.

[Divitiae miserae]

I remember you crying about about your short position 6-7 hours before the crash. I remember how you where thinking to close your short. I remember how you where desperately asking for advice. I remember how you got arrogant when it crashed and how you where right. You have had this additud ever since.
I must say I liked you more when you where loosing. At least you where humble then.

Where, adverb; were, verb.
 

Things are lookin up.

Not necessarily.

This is just guns being reloaded.

[becoin]

i feel is waaaay to risky to buy bitcoins at 400+ in an economic environment that is worsening each day

?...
Risky economic environment is excellent for bitcoin!

Not necessarily.  If people start having less money due to a decreased ability to borrow and leverage,  or otherwise,  then they won't have as much speculative money to support the price.

Speculative money is the dollar. People that can't afford to be speculators have their money in gold, silver and bitcoin.

[Tzupy]

After the pump failed, I think it's time to test support (it may take several days of slow downslide). Planning to buy back around 400$.

[TERA]

i feel is waaaay to risky to buy bitcoins at 400+ in an economic environment that is worsening each day

?...
Risky economic environment is excellent for bitcoin!

Not necessarily.  If people start having less money due to a decreased ability to borrow and leverage,  or otherwise,  then they won't have as much speculative money to support the price.

Speculative money is the dollar. People that can't afford to be speculators have their money in gold, silver and bitcoin.

People who can't afford to be speculators have their money in food,  their mortgage payment,  their car payment,  and running their business. When people stop being able to lend money to cover all these things, or they have less income,  or higher costs,  that means there are no more left over dollars which means no more left over purchases of gold,  silver, or bitcoin either.  There's just nothing.

[Divitiae miserae]

After the pump failed, I think it's time to test support (it may take several days of slow downslide). Planning to buy back around 400$.

Choose a comfortable seat.

[JayJuanGee]

Coin



Explanation

Look at those walls, bulls. Market buy after market buy and the price is actually going Down.  Now's you chance to buy with minimum slippage. 

Bears are placing limit orders to minimize slippage.  That's what we have to do with the bid order book so thin.

GTFO.....   

You are a bit pathetic, acting like bears have some kind of control over the current BTC price situation, and you happen to be in that "aware" group.   

You seem to have little to no clue if you are desperately still thinking that betting against the current trend is going to make you a killin.  Yes, you may get lucky, but really you seem to have little to no clue.

So, why don't you let up a bit with the pompous ass crap in talking your book

[becoin]

i feel is waaaay to risky to buy bitcoins at 400+ in an economic environment that is worsening each day

?...
Risky economic environment is excellent for bitcoin!

Not necessarily.  If people start having less money due to a decreased ability to borrow and leverage,  or otherwise,  then they won't have as much speculative money to support the price.

Speculative money is the dollar. People that can't afford to be speculators have their money in gold, silver and bitcoin.

People who can't afford to be speculators have their money in food,  their mortgage payment,  their car payment,  and running their business.

Haven't you heard about 'savings' and what it is all about?
https://en.wikipedia.org/wiki/Saving

My savings is in gold, silver and bitcoin. People that keep their savings in dollars are just speculators!

[JayJuanGee]

If someone spent millions of dollars putting up walls on 3 exchanges, that is a very expensive trap to set. Those walls are real. Price jumped last night, and people want to take profit.

Or the whales could intend to buy their own coins to get the price up and get the fomo rolling.

They have lots of coins to dump at an even greater profit.

I opened a short at 446, and I am glad I did.

Closed the short at 443. If it dips lower, I will start leveraging long again.
Don't you guys wish you were as cool as me?

Too many John Wayne around, proof or it didn't happen.

Read my post history.
I have been stating my positions since Friday night, when I announced I was shorting an hour before the crash. Check the times on my posts, then check the charts for the moves. I haven't been wrong in a prediction yet.

I remember you crying about about your short position 6-7 hours before the crash. I remember how you where thinking to close your short. I remember how you where desperately asking for advice. I remember how you got arrogant when it crashed and how you where right. You have had this additud ever since.
I must say I liked you more when you where loosing. At least you where humble then.

Exactamente!!!!!!     

[spiderbrain]

i feel is waaaay to risky to buy bitcoins at 400+ in an economic environment that is worsening each day

?...
Risky economic environment is excellent for bitcoin!

Not necessarily.  If people start having less money due to a decreased ability to borrow and leverage,  or otherwise,  then they won't have as much speculative money to support the price.

Maybe, but an asset class in an economic crisis that has no counterparty risk and is immune to capital controls? That sounds pretty appealing.