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Question: Is this the last time we see sub-$10K?
Yes - 38 (40.9%)
No - 55 (59.1%)
Total Voters: 93

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21531520 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. (142 posts by 32 users deleted.)
smracer
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May 24, 2017, 08:14:23 PM

Oh my.

https://www.otcmarkets.com/stock/GBTC/quote
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bitserve
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May 24, 2017, 08:16:25 PM

Lack of respect.

Why are they poor? Ask them that next time, before handing out anything.

I find after extensive investigation it's usually down to a lack of money. Some people are just born to suckle on the shitty end of the stick. And there but for the grace of God go any of us.

Words of wisdom!
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May 24, 2017, 08:17:21 PM


Wow.
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May 24, 2017, 08:18:29 PM

Forgot about GBTC. Those original investors are free to trade their locked Bitcoin now??
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May 24, 2017, 08:18:34 PM

Oh oh...

The increasing number of rocket gifs is worrying me...
Never good to see that ^.^

If only kwukduck could come tell us it's all going to crash, that would reassure me !

You said you've sold your bitcoins at $2390 expecting a correction. What's worrying you?

And as I said I bought back after the correction dude.

It went from 2390 to 2310 you didn't see that? What's wrong with you man? YOu're so full of anger, be happier btc is on the up Wink

I don't like people posting nonsense just to make couple of cents out of a signature campaign.
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May 24, 2017, 08:19:40 PM

Forgot about GBTC. Those original investors are free to trade their locked Bitcoin now??

why would they want to? all that is tax free as long as they keep it in their 401k or whatever it's called.
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May 24, 2017, 08:22:35 PM

Being rich in btc is great but taking a slight bit of the profit you make and put it in dollars can't hurt anyone Wink

A lot of people did that and are already hurt.
This is why I take a slight bit of the profit I make and put it in bitcoins.
If you want to diversify your bitcoin holdings put part of it in gold or silver! Putting it in dollars is stupid.

Done already, but I am considering doing a bit more now.  I am really enjoying the price rise, but come on, it was looking bubbly at $1250 in January, we are almost double that now without a correction of note for a while, and every day sees another rrise.

It really seems like a bot is constantly buying, like with Mt Gox. But I wonder if that is the case, or it is just general buying pressure from new investors.

I don't want to miss the top, but a few ounces of gold might be looking pretty good in the future if this bitcoin bubble pops (and it always has in the past - but maybe this is the new normal!)

Of course it is going to pop at some point.

I really doubt that it is going to pop in the $2300 to $2500 price range -- but hey I have been wrong before.

And if it gets past $2500 without any major difficulties then likely the $3k to $5k range - and yeah, we gotta see how it plays out, but middle of the range could be a fair area for a correction.. however, if we get past the $5k arena, then gosh, who knows, maybe $$7k to $10k would be fair correction points...

It seems pretty fucking likely that we are going to get a correction in the $3k to $5k range - but we have had overshoots in the past, too, and the present does not seem to take away from that possibility that we are going to have an overshooting of expectations - some would already characterize this as an overshooting of expectations, and there is some justification for that - but seems tlie we are on our way to $3k minimum.. and $4k more likely and $5k a bit less likely..

If history repeats, as it usually does, you will notice the big correction is coming when one day the rise accelerates to crazy levels. What I see atm is a steady rise with not much difference from one day to next (in terms of percentage of grow/day).

Of course, anything is possible. NO fucking idea when that will happen. I just wait for signals that haven't come yet.

Signals:

- The acceleration in rise (percentage wise) mentioned above.
- Exchanges can't cope with new user verification. That has just started... when they start to stabilise and are able to cope with it, its one of the signals to sell.
- Everybody on this thread thinking the price will keep rising forever, no matter what the price currently is.
- When there is no fucking dip in the rise for a while. I don't mean correction, I mean no fucking dip. We are still having our good dose of those.
- etc etc...


Thanks for pointing out those kinds of scenarios, and it seems that our thinking is similar.

Since $890, we have had pretty steady and ongoing rise - without any meaningful correction..

The higher the rise, the more possible for the correction to be larger, but this current rise has been allowing for support to build on the various higher and higher price points - yet at the same time it seems to be picking up a bit of steam... causing more and more concern about whether considerable profit taking is going to take place, and at what point will the tide turn?  

The tide is not likely to turn in entirety, but we may get a healthy 20% correction at some point.. I'm waiting I am waiting, but I am not holding my breath.. hahahaha Wink Cheesy
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May 24, 2017, 08:24:13 PM

if Bitcoin continues its 11% growth per day my calculations have the Winkelvii passing the Zuckerberg's collective wealth in about 72 days

i wish them twins all the luck necessary to get there.
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May 24, 2017, 08:27:41 PM

Man ...a few hours before Asia wakes up and the air is electric....  Cool
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May 24, 2017, 08:28:53 PM

This moon rocket is making me crazy, in the last 30 days my Bitcoin stash has increased by about the same as 9 months salary... and I have a pretty decent salary! Shocked

here are days that i make more on btc than with my two retailshops and 5 employees in a year. i have a hard time to stay motivated. it is obscene i fear. then i remember all the hard times when btc cratered and everyone shook their heads and i felt like an idiot. it was not easy money, i can say this.
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May 24, 2017, 08:37:23 PM

here are days that i make more on btc than with my two retailshops and 5 employees in a year. i have a hard time to stay motivated. it is obscene i fear. then i remember all the hard times when btc cratered and everyone shook their heads and i felt like an idiot. it was not easy money, i can say this.

Indeed! The number of times over the years my family have told me to cash out at £300, £500 etc etc and it's risen and fell... Stressful times, but hodling takes guts!

We will have a big correction soon, but I will hodl and it will recover and one day I'll retire and live just using Bitcoin, maybe in Japan Smiley
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May 24, 2017, 08:52:06 PM

I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.

I know that generally Bitcoin owners like to hodl, but at some point everyone will start to take profits and shit is going to hit the fan with the ensuing panic. I think a correction is right around the corner, and it will be pretty ugly too. I am thinking it will probably go back under $1000 for a little bit.

Of course it will rebound eventually, and I expect new all time highs some time afterwards (it will probably take a few years to recover like last time), but I just don't see this trend continuing for long.
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May 24, 2017, 08:53:42 PM

I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.

I know that generally Bitcoin owners like to hodl, but at some point everyone will start to take profits and shit is going to hit the fan with the ensuing panic. I think a correction is right around the corner, and it will be pretty ugly too. I am thinking it will probably go back under $1000 for a little bit.

Of course it will rebound eventually, and I expect new all time highs some time afterwards (it will probably take a few years to recover like last time), but I just don't see this trend continuing for long.

1000 USD you say , no problem I'm all in since 720...
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May 24, 2017, 08:55:09 PM

Why so fast? I hope it does not crash hard.
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May 24, 2017, 08:58:04 PM

Why so fast? I hope it does not crash hard.

This isn't fast...  Cheesy

Hope and want... ?
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May 24, 2017, 08:58:13 PM

I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.

Who knows? But both 2013's high and subsequent hangover were excessive and that brutality was caused by factors that don't exist any more.

It's all still being made up as it goes along and visibility is ever growing. Still, if it's sub $1000 I'd be tempted to buy a little more.
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May 24, 2017, 09:02:17 PM

Why so fast? I hope it does not crash hard.

just keep calm and paint the tape Cool BTC===> $3333 next level <<<<

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May 24, 2017, 09:08:17 PM

Why so fast? I hope it does not crash hard.

This isn't fast...  Cheesy

Hope and want... ?
For sure. Wink
Steady performance is what I want to see.
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woah that's a lot of money


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May 24, 2017, 09:08:22 PM

Why so fast? I hope it does not crash hard.

First they margin call shorts then they margin call longs.
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May 24, 2017, 09:08:37 PM

I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.

Who knows? But both 2013's high and subsequent hangover were excessive and that brutality was caused by factors that don't exist any more.

It's all still being made up as it goes along and visibility is ever growing. Still, if it's sub $1000 I'd be tempted to buy a little more.

Everyone talks about "healthy growth"

But there is something I don't understand...
Healthy growth on a product, whatever it is, means that the growth is backed by a growing demand and/or a diminishing supply. In general it will be backed by an increasing use.

Correct me if I'm wrong of course, but what exactly is explaining the btc doubling its price in a month?
Did we double btc use? Btc demand?

I don't see what's healthy in this growth. I can't say I hate it though of course, but I'm much more sceptical about the "healthy aspect".
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