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

[micalith]

SODL or HODL?

right now, hold. Wait for the bull trap rise before considering any sells.

[1715559193]

1715559193

[empowering]

[El duderino_]

Who sold at the bottom?

you think this is bottom ?

[triads]

If support at $3770 doesn't hold, then further downside to go.

[empowering]

Who sold at the bottom?

you think this is bottom ?

Looks like it could be the start of a new cycle - but lets see what longer time frames reveal on the charts- don't jump the gun just yet

[Torque]

...and the ultimate irony is that Paul Krugman writes and blogs on the internet daily.  

[d_eddie]

Who sold at the bottom?

Come on, calling it so early? There's still a little way to go IMO.

BTW - I didn't. I spent a ridiculous amount of my fiat that was waiting for THE dip. Some more is waiting just in case this was just a pre-dip (not so ridiculously much though).

[El duderino_]

i'm thinking to , to buy some more but when ?? maybe little now and see what the price will do

[d_eddie]

i'm thinking to , to buy some more but when ?? maybe little now and see what the price will do

Yes, calling the bottom (or the top) is a pointless exercise. Better to be buying on the way down (or selling on the way up), but a little at a time and careful for quick reversals.

[Ludwig Von]

i'm thinking to , to buy some more but when ?? maybe little now and see what the price will do

My next(buy) order is @ 3000€

[BitcoinNewsMagazine]

Looking at weekly BBands it is easy to see if price breaks support at $3600 we are headed down to the weekly 20 MA at $3000. Last time the weekly 20 MA was tested it was a good time to buy.

[Romanknickl]

Who sold at the bottom?

Come on, calling it so early? There's still a little way to go IMO.

BTW - I didn't. I spent a ridiculous amount of my fiat that was waiting for THE dip. Some more is waiting just in case this was just a pre-dip (not so ridiculously much though).

Many guys here want to buy more btc dip!
(i just sent a great amount to kraken, I will buy at every price below 3900USD)
the support is real, the society is using and accepting BTC and the crypto currencies!
everybody of us know it, the support is real and there is no bubble!

The users growing isn't linear

               Juni 2014                Juni 2013
Wallets    5.327.688                 765.039

https://bitcoinblog.de/2014/07/14/bitcoin-in-zahlen-rasantes-aber-asynchrones-wachstum/


And this fact is reflecting in the price!
the growth is more than a linear curve!
be ready for at least 8kusd per btc in 2018
best wishes

[El duderino_]

i'm thinking to , to buy some more but when ?? maybe little now and see what the price will do

My next(buy) order is @ 3000€

i mostly buy from friends directly or we play poker for btc i even never had put fiat on my account only played poker or buy from friends .... so for the moment no fiat on my exchange just waiting to call someone 

when i think back this was the most nice way to roll in this btc world ... playing poker for cash... and one asked to pay in btc @ that time the price was like 370 and what i won and get paid in BTC i just kept hodling because the guy convinced me not to sell it and we are still playing poker only not for cash only for BTC what a ride it is to now ....

i still just listen to him what to do cause for myself i don't know so much of it but learning every day

[Ludwig Von]

i'm thinking to , to buy some more but when ?? maybe little now and see what the price will do

My next(buy) order is @ 3000€

i mostly buy from friends directly or we play poker for btc i even never had put fiat on my account only played poker or buy from friends .... so for the moment no fiat on my exchange just waiting to call someone 

I am a total catastrophy in poker... .  So I 'll stick to fiat exchange... .

[El duderino_]

i'm thinking to , to buy some more but when ?? maybe little now and see what the price will do

My next(buy) order is @ 3000€

i mostly buy from friends directly or we play poker for btc i even never had put fiat on my account only played poker or buy from friends .... so for the moment no fiat on my exchange just waiting to call someone 

I am a total catastrophy in poker... .  So I 'll stick to fiat exchange... .

haha you play as well ....? with us its becoming little bit to crazy sometimes   

[ragnar0k]

right now, hold. Wait for the bull trap rise before considering any sells.

Maybe we passed the bull trap?
I am thinking between 5th Sep and 9th Sep

[ft73]

In the news:

China Internet Finance Association: Bitcoin Exchanges Lack 'Legal Foundation'
https://www.coindesk.com/china-internet-finance-association-bitcoin-exchanges-lack-legal-foundation/

China's internet finance body urges members not to deal in cryptocurrencies
https://www.reuters.com/article/us-china-bitcoin/chinas-internet-finance-body-urges-members-not-to-deal-in-cryptocurrencies-idUSKCN1BO23E

“We urge all our members to exercise self-regulation and strictly abide by laws by not participating in any centralized trading or provide services for this type of trading,” the National Internet Finance Association of China said in a notice on its website www.nifa.org.cn

So bottom line would be "self regulation" ?
No more than a slap in the face, so far.

MOVED HERE:
https://bitcointalk.org/index.php?topic=2174244.0

[fragout]

In the news:

China Internet Finance Association: Bitcoin Exchanges Lack 'Legal Foundation'
https://www.coindesk.com/china-internet-finance-association-bitcoin-exchanges-lack-legal-foundation/

China's internet finance body urges members not to deal in cryptocurrencies
https://www.reuters.com/article/us-china-bitcoin/chinas-internet-finance-body-urges-members-not-to-deal-in-cryptocurrencies-idUSKCN1BO23E

“We urge all our members to exercise self-regulation and strictly abide by laws by not participating in any centralized trading or provide services for this type of trading,” the National Internet Finance Association of China said in a notice on its website www.nifa.org.cn

So bottom line would be "self regulation" ?
No more than a slap in the face, so far.

Hmm "strictly abide by laws by not participating in any centralized trading or provide services for this type of trading"
Seems to me as - close down on your own accord OR else

[vipgelsi]

Everyone keeps saying bitcoin is a bubble but its outside forces that are hurting the price. Fake news at its strongest.

[JayJuanGee]

...I still am not going to give a whole hell-of-a lot of weight to how much emphasis you seem to be giving to lines on a chart.

Remember that "lines on a chart" are formed by traders, the most influential of which read charts. So it's a feedback loop which is why they have such an effect.

People who buy on fundamentals to long term invest are not usually daytrading so they only have a momentary effect on the market. Otherwise, the price is driven by the small amount of coin supply that sits on exchanges and gets traded (according to chart interpretations).

That's why they can be a mathematical "inevitability". If there's a significant crossover then traders sell - because they know that every other seasoned daytrader is reading that same signal and acting upon it. Doesn't matter about fundamentals because they get priced in long term.

Fair enough.

We each said our part, and surely the readings of some predictors, based on charts is better than others - and I have also seen historically that we have seen a lot of these kinds of predictions coming through this thread that have been wrong, too.

I am not changing my buy orders too much because I continue to perceive that we could have a reversal at any time.