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

[serveria.com]

Well, today we've fallen even lower. Even Enky Nakamura has called it quits. Anyway, I haven't sold a single BTC this year and will keep hodling no matter what. HODL!  

[Phil_S]

scary slide! 

[bitcoin_is_here_to_stay_2]

https://i.imgur.com/7ZyZ61P.png

TERA, can you add some explanations? Turning point? Strong support? Do you think the 2015 bull market has ended? If so, what is target for a next bull trap? and for the bottom? Sorry for so many questions, but I remember your very accurate multi-year chart from early 2014, that turned rather prescient.

[JayJuanGee]

Wealth transferred, mission accomplished. Absolute savagery. Why I ever thought this would end in anything other than tears I'll never know.

What “this” are you referring to and what “end” are you talking about?  It’s like gibberish.

"This" was my plan to seastead myself away from you lowlife degenerates once and for all. 

You are stuck with us for a few more months...



HODL!!!

[JayJuanGee]

How many weeks did 2013 last for?  We are 7 weeks now since the peak.  To me the slow length of the grind indicates a 2014 situation but happy to be challenged. 

Importantly I don’t agree that a 2014 grind out would lead to a 2 year winter. I think the recovery would be much faster this time. Too much happening in the space.

Only 1 year?

How about we negotiate for 6 months or less? 


 Can you grant that, Hairy Mac.... ... check with your people, and get back with my people.   

[Enjel]

Are any people panicking right now?

For some reason, I'm totally calm, maybe because I've almost taken it for granted that in the long-term, Bitcoin is headed for 40k, and some of the good alts will follow it as well.

Too much FUD from the news - when the establishment news starts hyping Bitcoin, that's when I'll get worried for real.

[LFC_Bitcoin]

Are any people panicking right now?

For some reason, I'm totally calm, maybe because I've almost taken it for granted that in the long-term, Bitcoin is headed for 40k, and some of the good alts will follow it as well.

Too much FUD from the news - when the establishment news starts hyping Bitcoin, that's when I'll get worried for real.

$83xx - Another day, another $1000+ dump by the looks of it

[samsonn25]

Nice healthy correction, especially all the other alt coins that were in a BUBBLE

[LFC_Bitcoin]

Nice healthy correction, especially all the other alt coins that were in a BUBBLE

I’m struggling to call a drop from $19,000 to $8,000 a correction. It’s an absolute travesty.
I’m still HODLING though, no plan to sell until around 2021 but this was not part of my plan.

[kurious]

TERA, can you add some explanations? Turning point? Strong support? Do you think the 2015 bull market has ended? If so, what is target for a next bull trap? and for the bottom? Sorry for so many questions, but I remember your very accurate multi-year chart from early 2014, that turned rather prescient.

Tera got a lot of stick for being bearish, but ignoring Tera's posts is unwise.  Tera is a damn good trader, and better than the vast majority here.

Flipped you a merit, sorry your account was hacked.

Edit: I wish I had taken more notice in 2013, this time I listened more intently.

[Asrael999]

And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....

[serveria.com]

https://youtu.be/XEuOQR8sG6g

[yefi]

This thread is growing faster than I can keep up with it. There may be some good posts in the last 10 pages which have gone unmerited.

It is time for the end of the picnic bear and carebear and for the ascent and worship of Karhu.

Perhaps. I'm still inclined to believe that this is the worship of the false bear deity - let's call him Killi. Killi can still take us lower, however.

[svdleer]

4th day in a row waking up with a 5% decrease....all weak hands should be out by now, since we are about at the level of november now.

[samsonn25]

And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....

In theory tether is pegged very close to the dollar.    It has been flat the last year while most coins are still up 300-1000%

[Denker]

Nice healthy correction, especially all the other alt coins that were in a BUBBLE

Just proves again that Bitcoin is the center and most relevant Blockchain in the crypto space.
"Diversify into altcoins" doesn't work when the king is taking a deep dive. It just drags all the other coins with it.
So when someone sais he wants destroy Bitcoin to make his own coin the number one, he will just destroy his own coin as well.
Bears are strong these days and have made a fortune. If the price keeps going down I can see more panic kicking in and levels like $5k may be in reach.
Scary thoughts, but emotions and market overreactions work in both directions.

[becoin]

Very close to the bottom now. I'm buying.

[serveria.com]

Who in the world is still selling now? You need to be absolutely crazy to sell atm...

[HairyMaclairy]

How many weeks did 2013 last for?  We are 7 weeks now since the peak.  To me the slow length of the grind indicates a 2014 situation but happy to be challenged.  

Importantly I don’t agree that a 2014 grind out would lead to a 2 year winter. I think the recovery would be much faster this time. Too much happening in the space.

Only 1 year?

How about we negotiate for 6 months or less?  


 Can you grant that, Hairy Mac.... ... check with your people, and get back with my people.    

There is some serious Wall St shit scheduled for second half of 2018. Fully legal, fully regulated crypto stock exchanges are going to become a thing.   But that depends a bit on market conditions being right, otherwise they risk delay.   Have a read of the Gibraltar Stock Exchage white paper.

As Bitcoiners we really need an ERC20 style token.  I was hoping RSK was going to come through on this but is apparently still 12 months away.   Any suggestions how we can make that happen would be welcome.

[samsonn25]

Who in the world is still selling now? You need to be absolutely crazy to sell atm...

Probably the people who got in late, btc was $2600 3 months ago and ran up alot , too much actually