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

[BlindMayorBitcorn]

Tomorrow they go in for the krill.

 

[1714488824]

1714488824

[rjclarke2000]

Tomorrow they go in for the krill.

 

I haven't heard that before! Very good!

[STT]

What kind of purchase would it take to drive up the market $150 in such a short go.
Now that China is on the sidelines, would price manipulation become easier?   Or maybe China just found a backdoor.... Nah, I think its  market makers at their finest.

Not sure it has to be a purchase just a lack of sell.   Maybe a sell wall was withdrawn and it left an airpocket by which the market quickly rose on now light volume in that price range.   The most accurate guide to progress is previous price history I think.
RIght now I would guess positive action as we have drifted past a negative trend that was in place since the highs.  To some extent its confirmed above that trend but just going sideways here I think will end up being a positive

I will pencil in 3852 for a target or ceiling to gains and perhaps best to presume neutral until that point is beaten as its so close by.  3622 a rough kind of support

[Karartma1]

There has been a slight 100$ pump tonight stopped as usual by the same selling mechanisms. It seems to me we are going to see these sideways a little longer. By the way, is it me or the silence around SegWit2x sounds extremely loud.
September is almost over and November's approaching. I can't wait to see what the NYA will bring us  

[404Revolution]

Exchanges that offer margins must love price freezes on narrow range. Up? Down? Place your bet, both are imaginable yet not so sure as to gurantee your position won't liquidate with a $100-300 swing in 3 minutes.

[Ted E. Bare]

In bitcoin always place your bets on up... 🚂

[AlcoHoDL]

I must confess something...

When I discovered Bitcoin about 2 years ago it blew my mind. I'm a scientist/engineer and my job is to design things, so I immediately understood the idea and its implications. Much like Andreas Antonopoulos's experience, I found myself skipping meals and forgetting to sleep while reading all a could find about it. I thought that this invention had the power and potential to change the world for the better. To help people. And I still believe that.

But something spoiled the dream for me. Greed. I was lucky enough to buy a good amount of BTC when they were worth 200 € each. I didn't plan it, it was pure luck. And then I found myself thinking about how much money I could earn, when I should sell my BTC and become rich (in a fiat setting), etc. I didn't care about Bitcoin "the world-changing invention" anymore, all I ended up caring was how much money I could make out of it.

Things are looking up, and my goal may be realised sooner that I thought, but is this a healthy goal? Are we all supporting or destroying Bitcoin by thinking like this? I see this greed in many people's posts here in the forum. It saddens me. Many here talk pompously and boasting how they're going to sell their stash when its fiat-based value reaches a set target. Is this all you see in Bitcoin? A money-making machine? Are we all failing to see the bigger picture?

Sorry for using WO to post this... I just wanted to get it off my chest.

[Heater]

I must confess something...

When I discovered Bitcoin about 2 years ago it blew my mind. I'm a scientist/engineer and my job is to design things, so I immediately understood the idea and its implications. Much like Andreas Antonopoulos's experience, I found myself skipping meals and forgetting to sleep while reading all a could find about it. I thought that this invention had the power and potential to change the world for the better. To help people. And I still believe that.

But something spoiled the dream for me. Greed. I was lucky enough to buy a good amount of BTC when they were worth 200 € each. I didn't plan it, it was pure luck. And then I found myself thinking about how much money I could earn, when I should sell my BTC and become rich (in a fiat setting), etc. I didn't care about Bitcoin "the world-changing invention" anymore, all I ended up caring was how much money I could make out of it.

Things are looking up, and my goal may be realised sooner that I thought, but is this a healthy goal? Are we all supporting or destroying Bitcoin by thinking like this? I see this greed in many people's posts here in the forum. It saddens me. Many here talk pompously and boasting how they're going to sell their stash when its fiat-based value reaches a set target. Is this all you see in Bitcoin? A money-making machine? Are we all failing to see the bigger picture?

Sorry for using WO to post this... I just wanted to get it off my chest.

You sound like a nice person.

Just Hodl for a few more years and you will have plenty of time to ponder your moral dilemma.
Perhaps you can find a good cause to support with your new-found wealth.

[toknormal]

Big Picture Elliot Wave Analysis:

Bitcoin going back to $200 in next great correction prior to reaching the $20k range. He counts the waves differently and gets the same pattern each time.

[rjclarke2000]

Big Picture Elliot Wave Analysis:

Bitcoin going back to $200 in next great correction prior to reaching the $20k range. He counts the waves differently and gets the same pattern each time.

That is savage. If it goes to $200 do you not think we will be done?

[empowering]

Tomorrow they go in for the krill.

 

Don't call us...... Whale call you

[toknormal]

Big Picture Elliot Wave Analysis:

Bitcoin going back to $200 in next great correction prior to reaching the $20k range. He counts the waves differently and gets the same pattern each time.

That is savage. If it goes to $200 do you not think we will be done?

I think it'll possibly go to sub $1000 but not $200. You never know though, when widespread fear and doubt establish themselves, anything can happen. Long term I don't think it will be done. There is too much utility now.

[ragnar0k]

Big Picture Elliot Wave Analysis:

Bitcoin going back to $200 in next great correction prior to reaching the $20k range. He counts the waves differently and gets the same pattern each time.

I know there are no fundamentals so it is difficult to put a price on it but $200 does not make much sense to me... It's common sense knowing that as soon as we approach 2k people will start buying...
Ask yourself a question, what would you do if BC gets to 2k?

[rjclarke2000]

Big Picture Elliot Wave Analysis:

Bitcoin going back to $200 in next great correction prior to reaching the $20k range. He counts the waves differently and gets the same pattern each time.

I know there are no fundamentals so it is difficult to put a price on it but $200 does not make much sense to me... It's common sense knowing that as soon as we approach 2k people will start buying...
Ask yourself a question, what would you do if BC gets to 2k?

Sell it all and buy higher?

[buyandhold]

Tomorrow they go in for the krill.

 

Don't call us...... Whale call you

Coupla cheeky minkes up in here^

[SERVERIA]

Bitcoin going back to $200 in next great correction prior to reaching the $20k range. He counts the waves differently and gets the same pattern each time.

Just NO. Bitcoin will never fall below it's mining cost again. Bears should just face it.  

[toknormal]

Bitcoin going back to $200 in next great correction prior to reaching the $20k range. He counts the waves differently and gets the same pattern each time.

Just NO. Bitcoin will never fall below it's mining cost again. Bears should just face it.  

The mining cost will drop with the price. It isn't a static factor.

[spiderbrain]

Big Picture Elliot Wave Analysis:

Bitcoin going back to $200 in next great correction prior to reaching the $20k range. He counts the waves differently and gets the same pattern each time.

I would be very surprised if bitcoin ever went below $1k again, there would be a lot of people buying at that level, myself included.

[toknormal]

I would be very surprised if bitcoin ever went below $1k again, there would be a lot of people buying at that level, myself included.

Retraces always surprise people. Unfortunately it doesn't prevent them from occuring.

[spiderbrain]

I would be very surprised if bitcoin ever went below $1k again, there would be a lot of people buying at that level, myself included.

Retraces always surprise people. Unfortunately it doesn't prevent them from occurring.

Well, let me rephrase and say, I would be pleasantly surprised. People over use the term "cheap coins", but $200 bitcoins would be quite nostalgic!