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Question: When $60K? (EST time zone)
Feb. 21 - 7 (5.7%)
Feb. 22 - 19 (15.6%)
Feb. 23 - 13 (10.7%)
Feb. 24 - 9 (7.4%)
Feb. 25 - 8 (6.6%)
Feb. 26 - 9 (7.4%)
Feb. 27 - 3 (2.5%)
Feb. 28 - 4 (3.3%)
March - 28 (23%)
After March - 14 (11.5%)
Never - 8 (6.6%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25193166 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. (157 posts by 13 users deleted.)
WhatsBitcoin
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July 16, 2017, 02:32:18 PM

Hodling is a habit that's really hard to break.  Undecided

Why would anyone want to break a useful and profitable habit?


I imagine a lot of Bitcoin users are only now getting wise to our impending chain-split, but we've been paying attention. What's our excuse?
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kludzins
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July 16, 2017, 02:34:46 PM

No logic in charts at all. MACD red since June 12. (1-day chart)
Freefall and panic Grin
micalith
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July 16, 2017, 02:36:02 PM

Bitmain also still owes me about .40 BTC with a Pacmic contract. I wonder what coins I will actually be getting back come August 1st..

Good question. Most probably you'll end up with BUcoins.


Forgive my difficulty in keeping up with all the changes, but isn't Bitmain going to be adopting Segwit2x, thus not doing BU after August 1st?
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July 16, 2017, 02:41:42 PM

I'd say a lot of hodlers have opted to ride this out in fiat or maybe litecoin.
There will be a massive buy back in and spike  when dust settles. JMHO
Coinbase blog still silent. probably best strategy

Then when it starts sinking again, they'll be asking "What's happening?" and bemoaning "This doesn't make any sense, we have Segwit now!"

Play 'em like a fiddle.
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July 16, 2017, 02:42:34 PM

.
mass hysteria!

This is so bad



"We tried to speak to Jeff Garzik, the lead maintainer of the new segwit2x client, to gain some clarity on the relationship between segwit2x and Bitcoin Core, but have received no response at the time of writing."

https://www.cryptocoinsnews.com/bitcoin-crashes-chain-split-risks-increase/



bones261
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July 16, 2017, 02:46:08 PM

Bitmain also still owes me about .40 BTC with a Pacmic contract. I wonder what coins I will actually be getting back come August 1st..

Good question. Most probably you'll end up with BUcoins.


Forgive my difficulty in keeping up with all the changes, but isn't Bitmain going to be adopting Segwit2x, thus not doing BU after August 1st?

That's the current plan. However, Wu has also indicated that August 1st would be a good time to try a fork, too. Wu is the very incarnation of FUD.
In the beginning, there was FUD.
And the FUD was with Bitcoin, and the FUD was Bitcoin.
And the FUD became flesh and dwelt among us.
His name is Wu.
becoin
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July 16, 2017, 02:46:30 PM

What's our excuse?

Who waits years and years for an insane pump, gets one, and let's it slip away without taking profit?

For an excuse I suggest you ask those people that waited years and years for the "insane" pump and let it slip away without taking their profit first at $32, then at $240, and then at $1150... Do you think they are too impressed they didn't take their profit at $2900?
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July 16, 2017, 02:49:32 PM

Alt coins are looking worse.

Bitcoin dominance % is up.

Litecoin is doing great though. I was not that much wrong when I thought it would be good as a hedge against political issues in Bitcoin. Unfortunately, 80% of my portfolio is Bitcoin. And I am not selling. Didn't do it in 2013/2014, won't do it now.
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Bitcoin FTW!


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July 16, 2017, 02:53:23 PM

It's not just Bitcoin either, guys. Ethereum continues its downward plunge and could be below $130 today. No alt is doing too well for the most part here. LTC is doing pretty well due to SW activation and longer term price rise, however. Going to continue my HODL until we get past August, perhaps then we might get more bullish news and another ATH.
bitserve
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July 16, 2017, 02:54:20 PM

I am already panic buying lol.
I am calling a maximum potential low of $1500. However, I do not see a reason for which the price is dropping this sharply this weekend. If people were scared of August the 1st, dumping a few weeks ago made more sense (not 2 weeks before); not that there is something to be afraid of.

Weak hands are not afraid of 1st Agust, as you said they would have sold earlier. Weak hands are dumping because they are afraid of the dumping other weak hands started. That's all.
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July 16, 2017, 02:56:04 PM

Litecoin is doing great though. I was not that much wrong when I thought it would be good as a hedge against political issues in Bitcoin.

It only appears that way because Litecoin is running behind the wave. Just wait until the 7/20 MA downside cross on the 3d and you will finally see the ugly side of that Litecoin pump start to kick in.
bitserve
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July 16, 2017, 02:57:51 PM

In retrospect, even my hindsight is bad. Who waits years and years for an insane pump, gets one, and let's it slip away without taking profit? Hodling is a habit that's really hard to break.  Undecided

In retrospect we would all have sold at $2900..... but otherwise if we were profit takers... we would have sold at $1100 if we entered at $850.... or at $400 if we entered at $300 or at.........
N12
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July 16, 2017, 02:59:40 PM

I am calling a maximum potential low of $1500. However, I do not see a reason for which the price is dropping this sharply this weekend. If people were scared of August the 1st, dumping a few weeks ago made more sense (not 2 weeks before); not that there is something to be afraid of.
Bubbles don't make sense. They are blown emotionally and they burst emotionally. Markets are not efficient.

It's all psychology.
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July 16, 2017, 03:00:37 PM

In retrospect, even my hindsight is bad. Who waits years and years for an insane pump, gets one, and let's it slip away without taking profit? Hodling is a habit that's really hard to break.  Undecided

Well, I for one absolutely suck at picking the right time to sell. Most of that times that I sold a few of my meager BTC, the price ended up soaring even more. And what exactly did I accomplish with the fiat that I received? Can't remember. Probably blew it.
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July 16, 2017, 03:01:51 PM

The way I took advantage of this rally was like this:

I bought some gold and silver directly with bitcoin @ ~$2700, buying the PMs at a somewhat decent historical low, with bitcoin I paid ~$500 for.  Not too shabby.

On the next rally you can do the exact same. Or take like 10-15% of your profits on each rally, so you don't feel like you missed out.

The thing is, you will never call the absolute top, and you will never call the absolute bottom. It's the same in the stock market.
becoin
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July 16, 2017, 03:03:45 PM

Bitmain also still owes me about .40 BTC with a Pacmic contract. I wonder what coins I will actually be getting back come August 1st..

Good question. Most probably you'll end up with BUcoins.


Forgive my difficulty in keeping up with all the changes, but isn't Bitmain going to be adopting Segwit2x, thus not doing BU after August 1st?

You'd better withdraw all your bitcoins from Bitmain before 1st August!
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July 16, 2017, 03:09:14 PM

.
mass hysteria!

This is so bad



"We tried to speak to Jeff Garzik, the lead maintainer of the new segwit2x client, to gain some clarity on the relationship between segwit2x and Bitcoin Core, but have received no response at the time of writing."

https://www.cryptocoinsnews.com/bitcoin-crashes-chain-split-risks-increase/






Garzik is legit~ if he's backing it : i trust segwitTOOx WILL PREVAIL Wink
becoin
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July 16, 2017, 03:10:34 PM

I am calling a maximum potential low of $1500. However, I do not see a reason for which the price is dropping this sharply this weekend. If people were scared of August the 1st, dumping a few weeks ago made more sense (not 2 weeks before); not that there is something to be afraid of.
Bubbles don't make sense. They are blown emotionally and they burst emotionally. Markets are not efficient.

It's all psychology.

The biggest bubbles of our time are the dollar, the euro, the yen, the pound... When they pop bitcoin price will be measured in hundreds of thousands.

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Did you see that ludicrous display last night?


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July 16, 2017, 03:12:08 PM

On a bullish note, there's an important uptrend going on as well.  Market cap is bullshit but you can see altcoins dropping harder, especially the ones which had completely unjustified rises (ETH).

Bitmain also still owes me about .40 BTC with a Pacmic contract. I wonder what coins I will actually be getting back come August 1st..

Good question. Most probably you'll end up with BUcoins.


Forgive my difficulty in keeping up with all the changes, but isn't Bitmain going to be adopting Segwit2x, thus not doing BU after August 1st?
They wouldn't be doing BU anyway.  They'd be forking off into their own chain with basically just their own hash rate, so they can have a 51% attack party where no one's invited.

Since UASF doesn't look like it'll go very far, I also doubt they'll bother with that.
Ludwig Von
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July 16, 2017, 03:13:24 PM

The way I took advantage of this rally was like this:

I bought some gold and silver directly with bitcoin @ ~$2700, buying the PMs at a somewhat decent historical low, with bitcoin I paid ~$500 for.  Not too shabby.

On the next rally you can do the exact same. Or take like 10-15% of your profits on each rally, so you don't feel like you missed out.

The thing is, you will never call the absolute top, and you will never call the absolute bottom. It's the same in the stock market.

That is exactly my plan too. But now I am puzzled whether it makes sense to sell some gold for BTC now, or at lowest. Not much interest in this kind of idea over here... . Cheesy
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