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

[flynn]

Well .... I am really pessimistic right now.

There is tons of new money flowing into crypto but apparently Bitcoin is still falling and falling.

when in doubt, watch this for a little while : http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

[JayJuanGee]

JJG, my plan is to stop my day job at 40. It’s not too far off......either of them

You got ur selfie enough of a cushion?


In another post, I said that you have to prepare for the possibility that BTC goes to $3k, too, even though I don't think that such $3k price action is very likely... I am thinking that BTC is going to go UP first, maybe another 2x to 7x beyond current ATH, and if we experience a blow off top, then up to a 90% correction would be fair game, which could bring prices to lows that are anywhere between $4k and $13k - depending on how matters play out.

Part of the reason that it becomes so damned difficult to attempt to predict beyond 1 or 2 legs because each subsequent leg remains dependent, in part, on how the previous leg played out in terms of timeline and quantity.

When I said close to quitting day job I meant when we were at 19k. I’m way off now

We'll be back.. as your avatar says... and likely within the first quarter of 2018 .... I'm thinking February at the latest.. but what do I know... these BTC price movements are not exactly on a schedule, even when they might be 93.42954% accurate half of the time.

[milkshock100]

Worrying

[podyx]

WOw fuck...

Should head back up soon though, atleast for a retracement

[Rosewater Foundation]

JJG, my plan is to stop my day job at 40. It’s not too far off......either of them

You got ur selfie enough of a cushion?


In another post, I said that you have to prepare for the possibility that BTC goes to $3k, too, even though I don't think that such $3k price action is very likely... I am thinking that BTC is going to go UP first, maybe another 2x to 7x beyond current ATH, and if we experience a blow off top, then up to a 90% correction would be fair game, which could bring prices to lows that are anywhere between $4k and $13k - depending on how matters play out.

Part of the reason that it becomes so damned difficult to attempt to predict beyond 1 or 2 legs because each subsequent leg remains dependent, in part, on how the previous leg played out in terms of timeline and quantity.

When I said close to quitting day job I meant when we were at 19k. I’m way off now

Same

[Rosewater Foundation]

Worrying

Embarrassing. Mortifying. Sad

[AmazonStuff]

4-digits here we come

[LFC_Bitcoin]

The fuck is going on!

[bitserve]

The horror! The horror!

[Asrael999]

More knife catching

[Deeyoh]

More BTC for me and less for them

[El duderino_]

4-digits here we come

let keep it at 5 digits

[moneymaker11]

Looks like we're hitting the fear phase earlier than expected. I sure hope we don't reach capitulation on new years eve cause I'm planning on enjoying myself.

[ivomm]

13K held pretty well on gdax. Bearfinex last (and costly for the bears) attempt to panic the hodlers.  

[moneymaker11]

13K held pretty well on gdax. Bearfinex last (and costly for the bears) attempt to panic the hodlers.  

You make it sound like we are done for the day (or the hour) 

[ghandi]

crypto is finaly done.

[d_eddie]

The way I see it, it's just someone playing the markets with skill and good execution. End of year, some cashing out, little liquidity around. Perfect timing. This might well be Masterluc's expected dip to 10k. Come 2018, I expect a significant retrace. End of January, I expect ATH-fest. February, we'll be in Carolina.

And the Ripple thingy - I like Torque's hunch. BTW Torque, it was in someone else's dream before you spelled it out plainly. Can't remember who the other poster was. Anyway, Ripple is a premined uncapped banking scam. We all know what it's ultimately worth. Wanna profit on it? Be quick and get out. Hold at your own risk.

C'mon guys, we've seen worse. I know I have, and some of you have been in the game longer than I. So stop whining and accumulate FFS!

[ivomm]

13K held pretty well on gdax. Bearfinex last (and costly for the bears) attempt to panic the hodlers.  

You make it sound like we are done for the day (or the hour)  

I meant that the dips started at 22 Dec are near the end. Millions bitcoins were sold by altcoin whales to prevent bitcoin rise, which definitely whould have spoiled their pumps. There are also many noobs selling bitcoins scared by the chart. Like the January, March, June and September dips which lasted max for a month,  we are heading for another bull run. My guess is that starting today we will go for another ATH in 1 month tops, and 50K-150K price range at the end of year 2018.  

[mindrust]

Bitcoin is dead. This time is for sure. Headed to 0$ 

[UnDerDoG81]

Well, same pattern as 2013 after gox. Could take some time to recover. Or it will never do because we have too many alts.

Sorry guys, I am depressed. It feels sad when you hold for years and such things happen. After every dip it's this feeling. But this time it feels a bit different.