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

[Lopumbo]

saved my btc by converting to xrp 

[luckygenough56]

saved my btc by converting to xrp  

You filthy traitor ! How dare you protect your investment ? You hold btc or sink with the ship, that's the only strategy here and you know it !

[TERA2]

[Phil_S]

Oh yeah?

How about this

[mikenz]

thats just 1hr short term chart. Tera2 is right. Makro trends count.

[Meuh6879]

Mem pool is swelling with 5 - 10 sat transactions which are spam.  Our hash rate seems stable enough though.

  between 65 and 35 transactions per second (MEMpool stack = 178 000 tx in queue) and 660 sat. /B for transmit.

https://tradeblock.com/bitcoin & https://blockchain.info/unconfirmed-transactions

[TERA2]

Oh yeah?

How about this

Your chart actually ends with a drop to $1800 that you didnt show

[Meuh6879]

[Phil_S]

Oh yeah?

How about this

Your chart actually ends with a drop to $1800 that you didnt show

Yeah, it took well over a month to finally crack that 3000 ceiling, so what.
Waiting a month until we're over 20000 is no big deal.

[HairyMaclairy]

It is funny to see every time there is a dip, the trolls be like: I put buy offers at 8000 and 1000. Wow, some noob with 0.01 BTC may fall for that and sell   The enemies of BTC failed miserably in their attempt to sabotage BTC hodlers. Even at 14K the gain is 1400% for a year!!!

In 2014 there were flash liquidation events on both btce and finex and thousands of coins were sold at $100 before rapidly bouncing back to $650

Yes I bought at Finex at $110.  Not very much unfortunately but it does count as one of my best trades. I think someone who shall not be named was mocking me for waiting for miracles 

[Meuh6879]

I predict a spectacular crash after the fork!

[milkshock100]

Yes

[HairyMaclairy]

These are some pretty awesome high velocity moves on extremely low volume.  I am quite impressed. 

[RayX12]

I predict a spectacular crash after the fork!

As always the fork in non event!  

[HairyMaclairy]

Hmmm I think that this latest fork will not qualify as Segwit 2X under the Bitfinex BT2 token rules, meaning BT2 tokens have a value of zero.  I think some people will shit the bed when they think they have bought fork coins but then figure out they have bought nothing. 

[luckygenough56]

yeah this fork mania will fade, enjoy free money while it lasts

the 1.0 pubg update was a bigger event than b2x 

[Wekkel]

About 30 blocks to go for yet another ‘fork’.

Meanwhile, the Honey Badger njom njoms 

[Torque]

This fork bullshit is such a non-story because no one even knows about it, and no one cares.

[AlcoHoDL]

I'm not messing with my seed... If TREZOR or Ledger decide to provide a coin splitting tool for this or any future forks (like they did with Bcash and Bgold), I'll claim. If not, my BTC stay put. Not worth the risk.

[afbitcoins]

There, I sold .01BTC. That should make this down trend reverse.

Same feeling here. I need to sell something for price to go up again.

Seems crazy as fuck to see guys in this thread doing the exact opposite of what they should be doing.. .


Crazy


Fuck

Each of us, reading this thread, should realize that we buy on the way down and sell on the way up, not the opposite.

Helrow??

Agreed! Panic selling when price going down is the noobs mistake.

(edit: though I know the feeling very well of doing a trade and then the price going the other way just because you did it!     )

I'm curious if you hold all your bitcoin on an exchange ready for good moments to buy and sell? My own trading style necessitates that I don't hold anything on an exchange, (because I have lost funds from exchange hacks which is not nice really and I decided not to risk it happening again). Also is selling any real amount of your stash a tax event? For me it is. This all makes trading in and out quite a difficult business potentially. Because of these factors I only trade very infrequently, ie last time I bought in any decent amount bitcoin was about $300. I have cashed out some at a few different levels but because like I say tax makes me hesitate to do more when I otherwise might have.  But I might only trade once, twice or less in a year.

However I do a lot more trading in and out using other crypto, mainly Dash with smaller amounts, mainly for fun, but also because I can profit pretty well generally. I chose Dash because I really like it but any other pair with decent liquidity could do it. This is good because most the time I don't need to get carried away thinking about fiat  and tax. I don't use leverage and so if price goes the wrong way I can be patient. I like bitcoin and Dash so holding either bags if fine for me.

Anyway thought I'd give you the chance to elaborate a bit more, which I'd be interested in hearing. Cheers