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

[Rosewater Foundation]

One of my friends told me to cash out at $15k. We should listen to friends.

I'm finally pulling the trigger. Thank me later for the cheap coins.

I sold 5%. That's on the record.

[TERA2]

[Torque]

If you weren't inclined to sell at $19k, then you shouldn't be inclined to sell now.

Just buy more at intervals on the way down. You'll eventually be glad you did.

Or you can wait for a trend reversal, but you may be waiting a long time, and then when it turns you'll just be chasing it back up.

Who here doubts that Bitcoin will be at $50k by 2020? I don't.

[somac.]

If you weren't inclined to sell at $19k, then you shouldn't be inclined to sell now.

Just buy more at intervals on the way down. You'll eventually be glad you did.

Or you can wait for a trend reversal, but you may be waiting a long time, and then when it turns you'll just be chasing it back up.

Who here doubts that Bitcoin will be at $50k by 2020? I don't.

50k by the end of 2018. This correction is just a simple mid 2013 type correction.

[JayJuanGee]

Hoping for a bounce here, but looks like we are going lower.

BTCuy oppertunity's in the making 

Seems like a good practice to act upon such current buying opportunity, rather than hoping that the charts and projections are going to bring us down to $8k or $6k or some other lower projected amount, when we are already in really decent buying territory.

In other words, don't let greed cause you to miss a good buying point (and you don't have to bet all of it on this particular $10k price point).   

[TERA2]

This fits the format of late 2013 / 2014 better than early 2013. early 2013 was this immediate 80% flashcrash that rebounded on huge volume. late 2013 / 2014 was a slow jagged grind down on lower volumes, which is what is happening here. Im not saying it's going to happen but in no way can you compare this chart to the early 2013 chart.


early 2013 which looks nothing like the current chart

[Torque]

50k by the end of 2018. This correction is just a simple mid 2013 type correction.

Well that would be nice if that happens.

But my back-of-the-napkin data suggests that at the current rate of new account creation, at only around $20k/btc could we have a strong support level toward the end of 2018. For a price level supported higher than that, new account creation would have to pick up steam and start to double time it. Also perhaps a Bitcoin ETF or two launching this year would definitely help.

[JayJuanGee]

And what for one off my stupid friends converted all off his btc into bch and still hodles telling me its the right way :-) :-) what an idiot offcourse @ one point i also give up telling Him to convert iT back as quick as possible.....

One of my friends told me to cash out at $15k. We should listen to friends.

Yeah, right.  

I am your friend.  Sell 5% of it now, because you sound like you cannot handle the pressure.  You are over invested and you do not have a plan to buy on dips, and you did not sell enough on the way up.

 

If you weren't inclined to sell at $19k, then you shouldn't be inclined to sell now.

Just buy more at intervals on the way down. You'll eventually be glad you did.

Or you can wait for a trend reversal, but you may be waiting a long time, and then when it turns you'll just be chasing it back up.
 

Actually, this seems to be better advice than mine above. 

You go Torquester!!!

[Rosewater Foundation]

One of those is a lie

I'm only paranoid because everyone is trying to steal my cocaine.

[Rosewater Foundation]

And what for one off my stupid friends converted all off his btc into bch and still hodles telling me its the right way :-) :-) what an idiot offcourse @ one point i also give up telling Him to convert iT back as quick as possible.....

One of my friends told me to cash out at $15k. We should listen to friends.

Yeah, right. 

I am your friend.  Sell 5% of it now, because you sound like you cannot handle the pressure.  You are over invested and you do not have a plan to buy on dips, and you did not sell enough on the way up.

 

I shoulda been incrementing. I'm ashamed.

[JayJuanGee]

And what for one off my stupid friends converted all off his btc into bch and still hodles telling me its the right way :-) :-) what an idiot offcourse @ one point i also give up telling Him to convert iT back as quick as possible.....

One of my friends told me to cash out at $15k. We should listen to friends.

Yeah, right.  

I am your friend.  Sell 5% of it now, because you sound like you cannot handle the pressure.  You are over invested and you do not have a plan to buy on dips, and you did not sell enough on the way up.

 

I shoulda been incrementing. I'm ashamed.

Ultimately, you gotta do what is comfortable for you, but surely, the content of your posts tend to show that you are overly nervous about your whole plan and how you practice your plan.  There is nothing wrong with being nervous, yet there should be self-teachable moments in there too regarding how to better tailor your plan in order to cause yourself less stress and more ability to sit back and relax about the whole process.  You will likely never completely take away all nervousness until maybe after bitcoin causes you so much fucking wealth (assuming that you stick with BTC) that 50% to 90% price corrections no longer matter to you.

[Rosewater Foundation]

Yes, a very self-teachable moment. Once we start mooning again I need a strategy that goes beyond kicky memes. I'm an adult now!

[mymenace]

Yes, a very self-teachable moment. Once we start mooning again I need a strategy that goes beyond kicky memes. I'm an adult now!

https://image.ibb.co/nGByjG/IT_1516711912572.gif

[realr0ach]

late 2013 / 2014 was a slow jagged grind down on lower volumes, which is what is happening here.

[ghandi]

so we slowly drift sub $10k. Isn't looking to bullish anymore to me. But still it's Bitcoin, could be carolina just by tomorrow

[Rosewater Foundation]

Yes, a very self-teachable moment. Once we start mooning again I need a strategy that goes beyond kicky memes. I'm an adult now!

https://image.ibb.co/nGByjG/IT_1516711912572.gif

Am I the pussy grabber?

[Wekkel]

This fits the format of late 2013 / 2014 better than early 2013. early 2013 was this immediate 80% flashcrash that rebounded on huge volume. late 2013 / 2014 was a slow jagged grind down on lower volumes, which is what is happening here. Im not saying it's going to happen but in no way can you compare this chart to the early 2013 chart.

https://i.imgur.com/A5VQPrM.png
early 2013 which looks nothing like the current chart

It seems the 2013 example is a bit different: the price ran up 10x in about 2 months; the aftermath was brutal and prolonged.
In the matter at hand, the run up was much more gradual; I do not have the time to fully reflect on the comparison of the 2013 aftermath and my expectations for the current 'aftermath', but it almost seems as if the 'aftermath' already took place. Perhaps a short trip to $7,500 to satisfy the perma bears but the damage visible on the 3d chart is minimal compared to the 2013 example.

I remain with my original thoughts: in order to have a post-bubble period one should first have a bubble. Wake me up at $50k  

[El duderino_]

This fits the format of late 2013 / 2014 better than early 2013. early 2013 was this immediate 80% flashcrash that rebounded on huge volume. late 2013 / 2014 was a slow jagged grind down on lower volumes, which is what is happening here. Im not saying it's going to happen but in no way can you compare this chart to the early 2013 chart.

https://i.imgur.com/A5VQPrM.png
early 2013 which looks nothing like the current chart

It seems the 2013 example is a bit different: the price ran up 10x in about 2 months; the aftermath was brutal and prolonged.
In the matter at hand, the run up was much more gradual; I do not have the time to fully reflect on the comparison of the 2013 aftermath and my expectations for the current 'aftermath', but it almost seems as if the 'aftermath' already took place. Perhaps a short trip to $7,500 to satisfy the perma bears but the damage visible on the 3d chart is minimal compared to the 2013 example.

I remain with my original thoughts: in order to have a post-bubble period one should first have a bubble. Wake me up at $50k  

.

And then after you wake me up @ 77k

[mindrust]

If you weren't inclined to sell at $19k, then you shouldn't be inclined to sell now.

Just buy more at intervals on the way down. You'll eventually be glad you did.

Or you can wait for a trend reversal, but you may be waiting a long time, and then when it turns you'll just be chasing it back up.

Who here doubts that Bitcoin will be at $50k by 2020? I don't.

Agreed.

If you weren't lucky/smart enough to call the top, It is just dumb to sell now. Let's buy even more. It is on %50 discount!

[Starving_Marvin]

Ok I sold some. My sacrifice to the sharks. Price will go up now. I have excellent record for selling the bottom.

Many Thanks!