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

[realr0ach]

[BitcoinBunny]

Real Roach's Lambo after hoarding precious metals for 50 years and these not going up in value against inflation at all.




 

[Torque]

Hey look, Grandpa is still in the black.

Not bad Grandpa, not bad. 

[Torque]

So the whole goal was clearly sub $10k. Got it.

[realr0ach]

So the whole goal was clearly sub $10k. Got it.

Once this hits $3k, hopefully everyone who created an IPO goes to prison and whoever printed infinite tethers gets put in front of a firing squad.

[JayJuanGee]

By the way, @ jbreher, to the extent that you were really employing $250 price increments in recent times, I hope that you have either stepped those back a bit on those increments (to make more large) or are otherwise keeping up with them.  I would feel stressed to a fucking much higher level, if I were to have been employing $250 price increments in the past day or so and during other times like these.

Nope. Still at $250. I had some gap-filling to do when I got around to checking the trades today, but such is no problem. I don't see any reason to panic when taking my time opens such gaps.

I do have a higher propensity for anxiety when we're streaming down, as opposed to streaming up. But then I just glance over at my growing piles of BTC & BCH, and console myself in the knowledge that we will again one day arise. Just today, I've pulled in 17 BTC on execution of pre-entered buy orders, and another 1.5 or so BTC on the volatility. When we again arise to mcgoosen's magic $25777, that'll be nearly a half-mill of fiat value.

Haahahahahahaha..

I gotta respect you for at least sticking to your guns in respect to the $250 increments, and to assert that it is still working for you.

Personally, I try to set up my orders in such a way that I am not emotionally attached to either price direction, but I do agree with you about the principle of the matter and going down does cause the whole holdings to have less value, so even though there can be significant accumulation, as you have outlined, going up does cause some better feelings because of the fact that the whole value of the portfolio goes up with such upwards price movements.

[luckygenough56]

buyin a lambo what a waste of monee

guys we're breakin 10000 omg

[Starving_Marvin]

So the whole goal was clearly sub $10k. Got it.

Bitstamp is hodling strong still for a moment
"---and in a moment the wall is gone..."

[podyx]

I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me

[erre]

I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me

Are you buying?

[TheRealProphet]

I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me

Cheap? Compared to what? It was less than $1000 1 year ago.

[rjclarke2000]

Did we get to the bottom of why the panic selling?

[Torque]

I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me

I think you'd be surprised how little money from retail investors was the cause of the actual rally during the month of Dec. The whale pump money probably outnumbered Average Joe money like 100:1.

Which also means this isn't Average Joe panic selling, it is whale(s) shorting.

[luckygenough56]

I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me

I think you'd be surprised how little money from retail investors was the cause of the actual rally during the month of Dec. The whale pump money probably outnumbered Average Joe money like 100:1.

Which also means this isn't Average Joe panick selling, it is whale(s) shorting.

Nobody in his right mind buyin something that has gone 20x for no reason at all , other than to play on very short term bounces

sorry for broken english

[Torque]

Nobody in his right mind buyin something that has gone 20x for no reason at all , other than to play on very short term bounces

sorry for broken english

I disagree, millions of new accounts are being added every month to exchanges around the world. I guess that's tens of millions of people 'not in his right mind'.

[BitcoinBunny]

I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me

I think you'd be surprised how little money from retail investors was the cause of the actual rally during the month of Dec. The whale pump money probably outnumbered Average Joe money like 100:1.

Which also means this isn't Average Joe panick selling, it is whale(s) shorting.

Nobody in his right mind buyin something that has gone 20x for no reason at all , other than to play on very short term bounces

sorry for broken english

Supply and demand.
Plenty things have gone up in cost astronomically beyond inflation such as housing, tuition, healthcare and many IT stocks have gone up far more than that far quicker.

Only precious metals such as gold and silver haven't gone up over the last 50 years when adjusted for inflation. Considering the word's population has doubled over that time that is a shockingly bad performance for something that is supposed to be "precious".

[lightfoot]

Well transactions per second are down to three from over 140 a second last night. Which is good, should help with stability.

[jonoiv]

Is your real name NotLambChop?

[degxtra1]

Pucker up, get rich quickers.

Dear Sir, could  you tell me which site is this screenshoot taken?
Regards

[Phil_S]

Still going down

https://www.youtube.com/watch?v=MD5PiK14Gd8
Seems the only place for me is underground
So tomorrow when the sun goes up
I'll be going down
Going down
Going down