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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21335869 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
European Central Bank
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February 05, 2017, 03:24:12 PM

although to confirm it we would have to go as low as $135/

it needs to crash to nearly 1/10th of its value to confirm a double top? man, you like your movements spelled out in bold strokes.
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February 05, 2017, 03:24:40 PM

Carefull with stating a double top, before you know it you are abandoned from the bullcult and smashed with a bullshit gif. Better circlejerk and scream moohoon all the time. Much safer in here.

PoolMinor, temp top @1050 or 1100, whats ur call?
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February 05, 2017, 03:27:11 PM

So where was this $40 drop in one day that you are insinuating that happened?

Wishful thinking... The sucker has sold out his miserable bitcoin stash and now dreams to buy back at lower level. Sorry fish... We are going to crash through ATH within 48 hours!
Yeah, I know, it dropped slowly this day with 32$, instead of 40. I guess I suck eh... pff
Quoting you to smack you in the face with it in 48hrs.
Still holding, but thinking of trying to sell for short term. Is that a crime. It will not go to the moon with one shot.
My guess it will refuel around 900.
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February 05, 2017, 05:46:36 PM

Lawl. Good morning Bitcoinland.

I see we have another one of those days... a tiny retrace back to where we started yesterday... currently $1024USD (Bitcoinaverage)... and some people are braying about going to $900 or even $700.

Just wishful thinking by fools who sold, I guess. 



Still in quadruple digits, from what I see. Seems like support is at that level. Sorry bears, looks like you missed out again.
_______

When I first checked the price this AM it was at exactly $1337CAD. Ain't Bitcoin wonderful?

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February 05, 2017, 06:09:43 PM

but the essence of this price movement is not really baffling... if you think about the context of it... Am I missing something?

The problem is that fundamentals are weak at this moment. There is no mass adoption story in sight because the scalability problem seems far away from a real solution.

For the short term, I think bulls will do another try to break the ATH, because in the last bearish dump attempt $1000 essentially hold. But I see no real chance at the moment to break the ATH. The most likely outcome is that the rally breaks somewhere in the low 1100s and we crash again in the 9xx area - a classic double top in the making, although to confirm it we would have to go as low as $135 .. scary, but not impossible if there is no miner/developer agreement in the scalability discussion.


Wow.. you are putting a lot of emphasis as scaling as a fundamental's problem.

If you think about the matter, your supposed "scaling problem" has been quite extensively vocalized ongoingly since late 2015, and if you recall bitcoin's price was approximately in the mid-$200s at that time.  I would not call the supposed "scaling problem" to be any worse since then, but like you acknowledge the price has already been close to the ATH within the past month-ish and has a decent chance of getting close to testing it again in coming days or weeks.

So your pessimistic prognosis does not even seem to be very well supported by actual facts, context and history.  Furthermore describing another test (possibly failed test) of resistance in the mid $1100s as a double top comes off more as wishful thinking rather than any kind of true technical chart analysis.

I will point out that I would not be surprised with another meaningful (more than 15%) correction that would happen anywhere between $1050 and $1180 .. and even correcting from there into the $900s or below, yet you even seem to concede (by your seemingly stupid ass suggestion of $135) that those kinds of corrections would not be enough to get us out of our current and ongoing bull trend.  

By the way, I am not suggesting that $135 is not a possible price, but such low prices would need some kind of real and material major event, probably even greater than an exchange hacking or maybe a forced hardfork could cause something in that territory?.. more realistic bear scenarios would probably have considerable difficulties bringing prices below $600 - and even then we would likely need some considerable combination of FUD and/or changes in the fundamentals beyond your stupid ass vapor fantasy suggestion of a supposed "scaling problem"
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February 05, 2017, 06:13:06 PM

^tl;dr we fixed the scaling problem for another couple years = 2MB nextttt :-D
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February 05, 2017, 06:14:58 PM

Wishful thinking... The sucker has sold out his miserable bitcoin stash and now dreams to buy back at lower level. Sorry fish.

They never seem to learn do they? You can tell when they're frustrated. They start using words like "bullcult" and "circlejerk" while directing questions toward other known bears/trolls, desperate for reinforcement of their erroneous conclusions.

Talk about a "bearcult circlejerk". LOL   Smiley Wink Cheesy Grin Cool

We are going to crash through ATH within 48 hours!

That's perhaps a little too optimistic. It might take a week or two. I don't see it going much under $1000 though.
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February 05, 2017, 06:19:01 PM

^tl;dr we fixed the scaling problem for another couple years = 2MB nextttt :-D

Yeah.  You keep repeating this stupid, nonsensical and lame fantasy point.

Who is the "we"?   

and what is the supposed actual fix?

beyond your merely asserting it over and over in order to get attention with misinformation?
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February 05, 2017, 06:20:05 PM

Wishful thinking... The sucker has sold out his miserable bitcoin stash and now dreams to buy back at lower level. Sorry fish.

They never seem to learn do they? You can tell when they're frustrated. They start using words like "bullcult" and "circlejerk" while directing questions toward other known bears/trolls, desperate for reinforcement of their erroneous conclusions.

Talk about a "bearcult circlejerk". LOL   Smiley Wink Cheesy Grin Cool

We are going to crash through ATH within 48 hours!

That's perhaps a little too optimistic. It might take a week or two. I don't see it going much under $1000 though.


^yeah it will take a miracle to save the naked shorts now! :-D poor china
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February 05, 2017, 06:21:08 PM

^tl;dr we fixed the scaling problem for another couple years = 2MB nextttt :-D

Yeah.  You keep repeating this stupid, nonsensical and lame fantasy point.

Who is the "we"?   

and what is the supposed actual fix?

beyond your merely asserting it over and over in order to get attention with misinformation?

^the lightning network/core cartel are going to realize what we have done!? Wink lol
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February 05, 2017, 06:24:54 PM

Another test of the high 900s, then I believe we'll leave the triple digits for good this time.
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February 05, 2017, 06:30:43 PM

^tl;dr we fixed the scaling problem for another couple years = 2MB nextttt :-D

Yeah.  You keep repeating this stupid, nonsensical and lame fantasy point.

Who is the "we"?  

and what is the supposed actual fix?

beyond your merely asserting it over and over in order to get attention with misinformation?

^the lightning network/core cartel are going to realize what we have done!? Wink lol

Still aspirational gobbledygook stated as if it were facts.

I understand that there are various second layer solutions, including lightning network, that would likely be able to more easily build, once seg wit goes live - but we all should know by now that the support for segwit has not been growing.. and it seems to be somewhat flat at the moment - unless there is some kind of under ground support that is still working on getting it's shit together regarding signaling for segwit.

Concededly, we are a bit less than 3 months into the signaling for segwit period, so we have another 9 months or so before other considerations may need to be employed - if this one does not get activated in that time under currently proposed conditions.  

It does seem that activating seg wit would be very good and bullish for bitcoin, and probably much beyond a $2k scenario (even though nothing is guaranteed in bitcoinlandia)
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February 05, 2017, 06:42:29 PM

Wishful thinking... The sucker has sold out his miserable bitcoin stash and now dreams to buy back at lower level. Sorry fish.

They never seem to learn do they? You can tell when they're frustrated. They start using words like "bullcult" and "circlejerk" while directing questions toward other known bears/trolls, desperate for reinforcement of their erroneous conclusions.

Talk about a "bearcult circlejerk". LOL   Smiley Wink Cheesy Grin Cool

We are going to crash through ATH within 48 hours!

That's perhaps a little too optimistic. It might take a week or two. I don't see it going much under $1000 though.

I lolled actually. If you read (again) I said I am still holding. I'm not frustrated with price heading up. A down move would hurt though.
Just saying a revisit of 900 will do no harm to the obvious bulltrend. Healthy actually.

But I must say, when one writes something that doesnt sound like a moon-remark, one is burnt to tbe ground. Now, why is that?
I can agree with the view PoolMinor has somehow, does that make me a bear? So be it.
Good luck to all of you.
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February 05, 2017, 06:44:39 PM

Another test of the high 900s, then I believe we'll leave the triple digits for good this time.
I can agree on this. Be careful though, you will be considered a fudding bear now.
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February 05, 2017, 06:51:20 PM

I can't see it go much lower than $980 with a lot of people still trying to get in and the shooters having to close their positions. New floor at $1000?
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February 05, 2017, 06:54:39 PM

^tl;dr we fixed the scaling problem for another couple years = 2MB nextttt :-D

Yeah.  You keep repeating this stupid, nonsensical and lame fantasy point.

Who is the "we"?  

and what is the supposed actual fix?

beyond your merely asserting it over and over in order to get attention with misinformation?

^the lightning network/core cartel are going to realize what we have done!? Wink lol

Still aspirational gobbledygook stated as if it were facts.

I understand that there are various second layer solutions, including lightning network, that would likely be able to more easily build, once seg wit goes live - but we all should know by now that the support for segwit has not been growing.. and it seems to be somewhat flat at the moment - unless there is some kind of under ground support that is still working on getting it's shit together regarding signaling for segwit.

Concededly, we are a bit less than 3 months into the signaling for segwit period, so we have another 9 months or so before other considerations may need to be employed - if this one does not get activated in that time under currently proposed conditions.  

It does seem that activating seg wit would be very good and bullish for bitcoin, and probably much beyond a $2k scenario (even though nothing is guaranteed in bitcoinlandia)


^SegWit sounds like a good idea imo, however this is not the final solution to the blocksize issue...i think segwit & increase to 2MB will give us a few more years to dream up a long term strategy!! :-D
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February 05, 2017, 06:57:52 PM

Just saying a revisit of 900 will do no harm to the obvious bulltrend. Healthy actually.

if it would go down to $800 and even a bit lower it would not harm it, imho.
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February 05, 2017, 07:18:01 PM
Last edit: February 05, 2017, 07:34:14 PM by JimboToronto

I said I am still holding. I'm not frustrated with price heading up. A down move would hurt though.
Just saying a revisit of 900 will do no harm to the obvious bulltrend. Healthy actually.

Sorry about missing that you were holding. I just think that perhaps you were overreacting to a very small dip after a considerable rally of six consecutive green daily candles (and 10 out of 11).

Obviously some kind of correction/profit-taking was overdue. $30-$40 is reasonable after an increase of around $150. Going all the way back down to $900 is a bit of a stretch, IMO.

But I must say, when one writes something that doesnt sound like a moon-remark, one is burnt to tbe ground. Now, why is that?

LOL. Welcome to Bitcointalk.

I guess you weren't here in 2014 and early 2015 when this place was dominated by bearish threads with images of sinking ships, burning buildings, crashing trains, Wile E. Coyote bashing his head against increasingly lower ledges, Finnish beer labels featuring bears, etc. Anyone who didn't click their heels and agree that Bitcoin was dying was treated like a pariah.

That was during a bear market. Now that Bitcoin is back to its usual bull market, you shouldn't be surprised at the turnaround. It's just fair play.

if it would go down to $800 and even a bit lower it would not harm it, imho.

Even if it were to somehow fall even lower than that, it wouldn't harm it. It might set it back temporarily as it did in late 2011 or in 2014-5.

Just as Kwukduck regrets selling for $10, others regret selling for $0.10 and others for $100. Soon people will regret selling for $1000.

Despite being a holder, I've considered spending my original investment to buy something nice when the price reaches 5 digits.

Will I end up regretting selling for $10,000?
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February 05, 2017, 07:49:50 PM

thanks Jimbo, appreciated.
I might have overreacted on beecoin's post to.

Actually, I was around that depressing time and holded all the time, and even bought more. Wink

GL
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February 05, 2017, 08:11:59 PM

I was around that depressing time and holded all the time, and even bought more.

Right on. That was the only sensible thing to do.

That day in mid-January 2015 when it fell below $200 was the last time I bought more than 10 coins in a single day.

Yes, that raised my dollar cost average but I don't regret it. Some people pooh-pooh the idea of buying the dips and holding, but it has been good to me.

Now that my coins are worth $1339CAD each, all those coins I bought on every dip from $700 down to $200 and back up to quadruple digits seem like a real bargain. Even the ones I bought a few weeks ago are looking pretty good.

Good luck to you too.
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