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

[JayJuanGee]

come on 860 thats all i ask

Loaded, time to Unload dont you think!?

Are you serious?  Can you really make money that way?

I understand waiting and hoping for $860 or some other lower price point in order that you might be able to buy more little friends,  but it does not seem like a good idea to sell hoping that the price goes down or in order to attempt to cause the price to go down... not at these price points.


What I mean is that when prices  went up from $600 to $1,139, you should have been selling all along that spectrum, and then when prices came back down to $750, you should have been buying all the way down that spectrum, and then when the price went back up to $940 again, you should have been selling.. .. and now, the price is coming down, therefore it seems to be time to buy, not to sell, amirite?  or no?

come on 860 thats all i ask

Loaded, time to Unload dont you think!?

There's a 1000 BTC buy wall at $870 on Bitstamp. Some good buy support there.

walls of dollars are for pulling, no?  If there is such a big wall, that kind of makes me think that the price has a decent likelihood of going down below $870 and maybe even in the lower $800s.. who the fuck knows, except maybe the guy that put up that wall?  

Nope it was time to sell when it reached 8888 cny, now it is time to short.

Walls are there for fake support-- people that want coins, buy at market price---people that want to sell coins, sell at market price. they don't put up walls.

I understand that there could be a push down to the lower $800s and maybe even a bit lower, and even $600s are not out of the question, but I still think that it would be quite difficult to get to those lower price points, and I will be buying all the way down.  I don't short, so I guess my strategies are more limited to buy coins as the price goes down.. but I remain too worried to sell too much of my coins on such downward speculation when it is also possible that prices could go up, rather than down.  I am prepared either way, and I do not really have strong ideas either way, except it does still seem to me that the buying support is pretty decent, but I know that if prices break below certain points, people can sometime jump on a selling bandwagon rather than just HODLing (or buying).

I see a glimpse of the future........it's coming soon on the next edit.


Edit:

Wouldn't some kind of FUD or something have to cause such a downward spike so quickly.  I would not think that we could achieve lower $600s in this week's candle without some extra ordinary events taking place.. and then that would affect the intensity or lack thereof of the recovery of the subsequent candles.... something seems wrong with your prediction and the way you anticipate it to play out under current facts.  I am not saying that your scenario is not possible, but it seems to be a kind of less than 20% chance scenario to play out the way that you paint it.

Maybe I should ask you if you are really betting on this scenario, or are you just attempting to spread FUD in order to close your shorts in the lower to mid $800s, which seems  a more realistic (but still not any kind of "done deal" type of correction that we could have this week or maybe a one or two weeks from now)?

come on 860 thats all i ask

Loaded, time to Unload dont you think!?

Are you serious?  Can you really make money that way?

I understand waiting and hoping for $860 or some other lower price point in order that you might be able to buy more little friends,  but it does not seem like a good idea to sell hoping that the price goes down or in order to attempt to cause the price to go down... not at these price points.


What I mean is that when prices  went up from $600 to $1,139, you should have been selling all along that spectrum, and then when prices came back down to $750, you should have been buying all the way down that spectrum, and then when the price went back up to $940 again, you should have been selling.. .. and now, the price is coming down, therefore it seems to be time to buy, not to sell, amirite?  or no?

This is the theory! Sell partially on the way up to take some profits and buy partially in on the way down to accumulate even more.
But we all know that in practice due to human psyche things often get done wrong.
I wouldn't sell  either any BTC now, just try to buy more when there's a possibility of another short down pressure.

Yeah sure, the devil is in the details and you and I are more or less on the same page.... we seem to be in buying phase right now, not a selling phase, it is just a matter of how much do you buy and how low do you wait for... 

[1714253830]

1714253830

[1714253830]

1714253830

[1714253830]

1714253830

[JayJuanGee]

Interesting new toy on bitcoinity - combined order books:
http://data.bitcoinity.org/markets/books/USD

From here:
https://www.reddit.com/r/BitcoinMarkets/comments/5pwooc/combined_order_book_chart/

That is a very interesting set of data.. and since it appears to currently only be available in dollars, in the future, they may have some "all currencies" feed as well, now that it seems that the chinese exchanges data may becoming a bit more reliable.

[Killerpotleaf]

Wouldn't some kind of FUD or something have to cause such a downward spike so quickly.

maybe we'll see the: "OMG mike hearn was right all along crash of 2017" coming soon?

[stereotype]

Interesting new toy on bitcoinity - combined order books:
http://data.bitcoinity.org/markets/books/USD

From here:
https://www.reddit.com/r/BitcoinMarkets/comments/5pwooc/combined_order_book_chart/

Those horizontal bars......BTC market taking breaths in and out. Funky.

[bitebits]

Since this place is so quiet (except for the obvious JJG spam attack).

In my mind Bitcoin has passed the point of no return. Bitcoin is here to stay. It does not matter much anymore for what dollar amount per bitcoin you are currently buying: you should just hoard as many as you can. Don't be cheap and try saving a few bucks, you might end up holding just dollars.

A year from now a single bitcoin <1000$ will be considered a bargain.

[rjclarke2000]

Since this place is so quiet (except for the obvious JJG spam attack).

In my mind Bitcoin has passed the point of no return. Bitcoin is here to stay. It  does not matter anymore for what dollar amount per bitcoin you are currently buying: you should just hoard as many bitcoins as you can. Don't be cheap and try saving a few bucks, you might end up holding just dollars..

A year from now a single bitcoin <1000$ will be considered a bargain.

Well said, maybe it's best for me as hodler to not look at the price constantly and maybe forget about it for a year or two.

[savetherainforest]

[...]

LN will never, ever exist in any useable form anytime soon.

[...]

Bloody morons!

I laughed a bit when I saw that...  


Btw... you do know that there are many studies now that show the countries with the best internet, have the highest development speed. So... after pointing this out, many of the governments of the world already started to implement projects and devote more funds for internet infrastructure. But as much I might be concerned, mostly Europe + Asia might be relevant regarding to this. I have a strange feeling US will go the way of Gold & Silver. But of course excepting most of the hillbillies, only the West and East coasts from there might be more involved in BTCiTcoinz!

Oh.. yes.. sry! And one of those states with plenty of hillbillies already have fiber optics / gigabyte infrastructure, I think it was Kansas or Alabama. Anyway... I think if Chinese will rule the monetary / economical world in the next 5-10 years, they will probably be building your infrastructure from Russia > Alaska > California > Mexico > ... > Peru > Chile! So I guess it won't be a problem.

[Killerpotleaf]

Since this place is so quiet (except for the obvious JJG spam attack).

In my mind Bitcoin has passed the point of no return. Bitcoin is here to stay. It  does not matter anymore for what dollar amount per bitcoin you are currently buying: you should just hoard as many bitcoins as you can. Don't be cheap and try saving a few bucks, you might end up holding just dollars..

A year from now a single bitcoin <1000$ will be considered a bargain.

Well said, maybe it's best for me as hodler to not look at the price constantly and maybe forget about it for a year or two.

not look at price for years? O_O
thats NUTS why why why would you do that to yourself.

IMO, at this point in time, its very beneficial to bitcoin if we all play the short term speculation game. this would gr8ly help stabilize price, and provide liquidity, and its quite a fun game to play!

[Killerpotleaf]

I will get my 860 coins
I WILL!

[PoolMinor]

I will get my 860 coins
I WILL!

And your $820 coins, and your $790 coins, and your $750 coins, and your $715 coins, and your $660 coins, and your........

[PoolMinor]

Wouldn't some kind of FUD or something have to cause such a downward spike so quickly.  I would not think that we could achieve lower $600s in this week's candle without some extra ordinary events taking place.. and then that would affect the intensity or lack thereof of the recovery of the subsequent candles.... something seems wrong with your prediction and the way you anticipate it to play out under current facts.  I am not saying that your scenario is not possible, but it seems to be a kind of less than 20% chance scenario to play out the way that you paint it.

Maybe I should ask you if you are really betting on this scenario, or are you just attempting to spread FUD in order to close your shorts in the lower to mid $800s, which seems  a more realistic (but still not any kind of "done deal" type of correction that we could have this week or maybe a one or two weeks from now)?

If you look closely all I did was copy the run up in June-July to just after the most recent one. Like they say, history rhymes. It was more tongue-in-cheek rather than a solid prediction. I think the Chinese holiday will affect the price. Perhaps it will take 2 weeks instead of one.

[JayJuanGee]

Wouldn't some kind of FUD or something have to cause such a downward spike so quickly.  I would not think that we could achieve lower $600s in this week's candle without some extra ordinary events taking place.. and then that would affect the intensity or lack thereof of the recovery of the subsequent candles.... something seems wrong with your prediction and the way you anticipate it to play out under current facts.  I am not saying that your scenario is not possible, but it seems to be a kind of less than 20% chance scenario to play out the way that you paint it.

Maybe I should ask you if you are really betting on this scenario, or are you just attempting to spread FUD in order to close your shorts in the lower to mid $800s, which seems  a more realistic (but still not any kind of "done deal" type of correction that we could have this week or maybe a one or two weeks from now)?

If you look closely all I did was copy the run up in June-July to just after the most recent one. Like they say, history rhymes. It was more tongue-in-cheek rather than a solid prediction. I think the Chinese holiday will affect the price. Perhaps it will take 2 weeks instead of one.

Yeah... hahahaha... I had noticed that you had pasted those candles on there, and sure, sometimes it is possible to get some ideas of possible scenarios...  so that was fair enough....  yet I stick by my earlier comments that the extreme downward movement seems to be a bit of wishful thinking rather than a realistic scenario with our ongoing upwards price pressures.

We will see how it plays out.  I am not really opposed to such a scenario from playing out in order to pick up some more "cheap coins,"  but such a scenario seems to be a bit less likely than the probability that you seem to be giving to it.. maybe you are suggesting greater than not odds?  or can you say what kinds of odds you would put on such a prediction that is in the ball park of what you are saying? 51% or greater?

[Ted E. Bare]

Going up up up. Forget your cheap coins if you did not buy in yet.

[yonton]

Seems like the next dump bears were expecting turned out to be a dud. Straight to 1000 now!

[Killerpotleaf]

[unknown04]

Seems like the next dump bears were expecting turned out to be a dud. Straight to 1000 now!

$940-950 first..

[K~Ehleyr]

Where are you guys looking??  I don't see a train leaving. Maybe I'm on the wrong platform... 

[yonton]

I'm on that train, sayin "so long suckerrrs!"

[unknown04]

Where are you guys looking??  I don't see a train leaving. Maybe I'm on the wrong platform... 

The train hasn't leave yet until it gets $1k... its still not too late to jump aboard

[Paashaas]

The DoW reached 20.000+ points...i cant wait untill that major bubble starting to pop, that will be good for Bitcoin.