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

[savetherainforest]

And now on this, the worst fucking day of my life, just as I'm at my lowest and most fragile, you return to torment me some more? To rub your poisonous hatred into my wounds?
What kind of a heartless monster are you?

Yo... newbie... buy if u don't have!... Go all in!... Go full retarded! ... I don't see it coming back lower than 620-630$ .. that will likely never happen again in the history of BTCitcoin!

I think we will see it hit a low of ~$580 in a few day's time, when we can see how many miners dropped out and if there's any signs of the feared (and virtually impossible) "death spiral". If 20% leaves, blocks will get longer, fuller, and we will have more fee pressure as the miners look to replace the subsidy's lost value

Then sell ... put your money where your mouth is!!! ... I see it going to 700$+ in 1-2 days and never coming back to a 3 digit number with a 6 in front of it!

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[JayJuanGee]

dammn nigga i just sold before panic selling. Any explanation why this bug?

If you sold before the dump, then that is good, because you can buy back at a lower price, but if you sold during the process of the dumping (or near the low price point hoping for a lower low), then you may need to take a loss and buy back before the price get's too far above your sell point.  On the other hand, you could take a chance and wait it out, which may or may not pay out (despite being a bit stressful to wait out and hope for another dump, which is not out of the question at this point).

I am lucky noob  

You bought back, or not yet? 

I usually like to stagger my bets rather than to attempt to play too many BTC all at once.. and accordingly, if I were to sell 4BTC all at once, that better fucking mean that I have at least 200 BTC in my portfolio or otherwise I am pretty confident that we are going to experience at least a 10% correction, and I would be buying back every 2% or so, once the correction stabilizes. 

I also think that it is safer to sell on the way up and buy on the way down rather than selling on the way down (even though once in a while you could get lucky to attempt to time such).

No, this is all I have. Yes, noobish, I shouldn't trade with all my money but hey... let me tell you something .

I follow China charts, because EU charts are lagging around 5 second after chinas. (Euro has the smallest volume of BTC, CNY the biggest).

I have my doubts about whether I should take you seriously.

First:  you gave a bit of information about what you had supposedly done, but you are not really responding regarding your strategy to buy back or if you did buy back. 

Second: seems quite fantastical that anyone who claims that they don't know what they are doing would sell the whole stash after we have been experiencing several unsuccessful attempts to push the price down.. so there seems to be a bit more upwards price pressures rather than downward pressures, at the moment.

Third:  asserting that chinese exchanges are leading tends to be a FUCD spreading disinformation campaign.. Yeah, people say it .. but really nonsense.

[BitcoinLoan]

I expected more movements on markets today. It looks like, now will be few waves and later slowly growing to $1000 in December

[JayJuanGee]

Yeah, right... If I wanted to get sympathy, I would reach out and post details on a semi-anonymous forum for such...  Sounds like a great strategy to deal with mental issues  

...sometimes...

...............................the irony........

Is that your armchair assessment of the situation, fatso?   


Get a life.     

[klondike_bar]

And now on this, the worst fucking day of my life, just as I'm at my lowest and most fragile, you return to torment me some more? To rub your poisonous hatred into my wounds?
What kind of a heartless monster are you?

Yo... newbie... buy if u don't have!... Go all in!... Go full retarded! ... I don't see it coming back lower than 620-630$ .. that will likely never happen again in the history of BTCitcoin!

I think we will see it hit a low of ~$580 in a few day's time, when we can see how many miners dropped out and if there's any signs of the feared (and virtually impossible) "death spiral". If 20% leaves, blocks will get longer, fuller, and we will have more fee pressure as the miners look to replace the subsidy's lost value

Then sell ... put your money where your mouth is!!! ... I see it going to 700$+ in 1-2 days and never coming back to a 3 digit with the number 6 in front of it!

once we break 700, we would be in full bull market and id expect some serious rally in the next 6 months (perhaps less time, but we've been seeing a lot of sideways in the past year.

but i think we will fall below $600 on finex, though i expect it to be brief, quickly bouncing back into the $640 resistance. Theres likely to be some serious FUD in the next 72hrs about blocksize, fees, miners leaving, etc  that are just noise and a few whales throwing weight $600USD is about 4000CNY, and both will be a huge resistance/support level

[JayJuanGee]

So... now that the halving has occurred, and the market starts to experience the effects of fewer newly minted coins, we can begin the process of price discovery.

Did you really think people (the market) were smart enough to price it in before the effects were actually felt? Ha. Any attempts up to this point were like playing "pin the tail on the donkey". Most people need to actually stick their hand in the frying pan to learn that it will burn them. That's just how it works.

Rarely, have I ever read wiser proclamations.     

[PoolMinor]

And now on this, the worst fucking day of my life, just as I'm at my lowest and most fragile, you return to torment me some more? To rub your poisonous hatred into my wounds?
What kind of a heartless monster are you?

Yo... newbie... buy if u don't have!... Go all in!... Go full retarded! ... I don't see it coming back lower than 620-630$ .. that will likely never happen again in the history of BTCitcoin!

I think we will see it hit a low of ~$580 in a few day's time, when we can see how many miners dropped out and if there's any signs of the feared (and virtually impossible) "death spiral". If 20% leaves, blocks will get longer, fuller, and we will have more fee pressure as the miners look to replace the subsidy's lost value

Then sell ... put your money where your mouth is!!! ... I see it going to 700$+ in 1-2 days and never coming back to a 3 digit with the number 6 in front of it!

once we break 700, we would be in full bull market and id expect some serious rally in the next 6 months (perhaps less time, but we've been seeing a lot of sideways in the past year.

but i think we will fall below $600 on finex, though i expect it to be brief, quickly bouncing back into the $640 resistance. Theres likely to be some serious FUD in the next 72hrs about blocksize, fees, miners leaving, etc  that are just noise and a few whales throwing weight $600USD is about 4000CNY, and both will be a huge resistance/support level

Serious FUD, like your previous statement? (indicated in bold)
 

[savetherainforest]

I expected more movements on markets today. It looks like, now will be few waves and later slowly growing to $1000 in December

How about in 10 days.. would that be good? I can make it happen... I'l talk with my Dad ... and God will make it happen! Sounds good?

[valta4065]

I have nowhere else to go, no one else i could turn to. Sheeple don't believe me when I start telling them about investing in disruptive blockchain technology. And when they realize I'm not joking, they laugh at me.
They're ignorant, brainwashed from birth in state schools and by the Jewish media, it's not their fault. But you. . . . you can think outside the box. . . . Expected better from you.

Do not trade. Buy and Hold. If you are gambler then it is your fault.

Agreed on that. Especially with btc where you have no idea of the odds ^^

[kobilica]

Somebody tried to short market (BTCCHINA) and failed lol.

dammn nigga i just sold before panic selling. Any explanation why this bug?

If you sold before the dump, then that is good, because you can buy back at a lower price, but if you sold during the process of the dumping (or near the low price point hoping for a lower low), then you may need to take a loss and buy back before the price get's too far above your sell point.  On the other hand, you could take a chance and wait it out, which may or may not pay out (despite being a bit stressful to wait out and hope for another dump, which is not out of the question at this point).

I am lucky noob  

You bought back, or not yet?  

I usually like to stagger my bets rather than to attempt to play too many BTC all at once.. and accordingly, if I were to sell 4BTC all at once, that better fucking mean that I have at least 200 BTC in my portfolio or otherwise I am pretty confident that we are going to experience at least a 10% correction, and I would be buying back every 2% or so, once the correction stabilizes.  

I also think that it is safer to sell on the way up and buy on the way down rather than selling on the way down (even though once in a while you could get lucky to attempt to time such).

No, this is all I have. Yes, noobish, I shouldn't trade with all my money but hey... let me tell you something .

I follow China charts, because EU charts are lagging around 5 second after chinas. (Euro has the smallest volume of BTC, CNY the biggest).

I have my doubts about whether I should take you seriously.

First:  you gave a bit of information about what you had supposedly done, but you are not really responding regarding your strategy to buy back or if you did buy back.  

Second: seems quite fantastical that anyone who claims that they don't know what they are doing would sell the whole stash after we have been experiencing several unsuccessful attempts to push the price down.. so there seems to be a bit more upwards price pressures rather than downward pressures, at the moment.

Third:  asserting that chinese exchanges are leading tends to be a FUCD spreading disinformation campaign.. Yeah, people say it .. but really nonsense.

Please, do not take me seriously, I am just a noob and.. still learning. I did buy back all 4 BTC @ around 580€.

My strategy? Holding but trying to win shorts.. I do lose sometimes (it costs me some trading fee that is all), but when I do win short, I gain everything back + profit.

Not best strategy I know.

[rjclarke2000]

Countdown begins.....

4 years until halving

[valta4065]

Countdown begins.....

4 years until halving

Lol!

Well I just hope that with time people will learn something and stop panicking with the next halvings coming!

[scv00]

I expected more movements on markets today. It looks like, now will be few waves and later slowly growing to $1000 in December

Give it a few months for the reduced rewards to make the miners life miserable and the price should slowly increase. As the run out of coins from their 25 BTC reward blocks they mined last week they won't be able to dump as heavily.

[AlexGR]

Network seems to be humming along great, despite mining reward cut in half / inflation getting halved.

There was some FUD about it before the halving, but it seems to be ok, blocks are being found in normal time. It seems there has been no hashrate loss worthy of mention - apparently due to the much stronger price compared to the 250 and 400 levels.

I'm also looking at this: https://slushpool.com/stats/

It seems that yesterday hashrate was going in the 85-87 range, it did a small spike prior to halving, now it's in the 82-84 range (small drop was expected). So everything seems ok, network-wise and incentive-wise.

Next diff retarget in 9 days, it has some upward momentum right now due to the spiked hashrate pre-halving, but it might be corrected to "stabilize" over that period.

[Wolf Rainer]

Countdown begins.....

4 years until halving

Bitcoin to the moon! Lol. A lot of pre-halving hype and then nothing. The chineses are playing with us, they control de market.

[yugo23]

I expected more movements on markets today. It looks like, now will be few waves and later slowly growing to $1000 in December

I agree, the drop isn't so big compared to what I expected!
But market movements are strong!

[rjclarke2000]

$1000 in December would be very impressive and if we can get there slow and steady it would be more beneficial than any crazy price movements.

[ssmc2]

Might as well put this thread on hiatus until after September...that's when the fun begins again 

[TERA]

I came back just to claim my lumen which was really stupid because a lumen is priced at 0.00000273 BTC so I risked exposing all my coins and getting distracted by the market to make a 0.000273% profit.

Anyway, it looks like I can safely ignore the market for another 3 months at least.

[JayJuanGee]

Network seems to be humming along great, despite mining reward cut in half / inflation getting halved.

There was some FUD about it before the halving, but it seems to be ok, blocks are being found in normal time. It seems there has been no hashrate loss worthy of mention - apparently due to the much stronger price compared to the 250 and 400 levels.

I'm also looking at this: https://slushpool.com/stats/

It seems that yesterday hashrate was going in the 85-87 range, it did a small spike prior to halving, now it's in the 82-84 range (small drop was expected). So everything seems ok, network-wise and incentive-wise.

Next diff retarget in 9 days, it has some upward momentum right now due to the spiked hashrate pre-halving, but it might be corrected to "stabilize" over that period.

Maybe you can explain why changes in the hashrate matters so much, except merely perceptions?

If you look at bitcoin's hashrate, this network is likely closer to 100x more secure than it needs to be in order to prevent attacks and to protect value.  Yeah, if the price of coins goes up 100x, then that extra security will be a good thing, but at present prices, we got a lot of surplus mining power, so it really does not matter if half of them go away, except for nontechnical perceptions, such as public opinion, no?