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

[toknormal]

Futures getting bulldozed by real. (Helps if your market's open )

[Last of the V8s]

https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

Brock Pierce inside the former Children’s Museum in Old San Juan, P.R., which he and his colleagues hope to make part of a crypto utopia where the money is virtual and the contracts are all public. Credit Erika P. Rodriguez for The New York Times

SAN JUAN, P.R. — They call what they are building Puertopia. But then someone told them, apparently in all seriousness, that it translates to “eternal boy playground” in Latin. So they are changing the name: They will call it Sol.

in other nudes

[toknormal]

4-Hour MACD crossing to the upside for the 1st time in 10 days.

[User705]

Has anyone else gone through an obscene amount of alcohol in the last seven days or is it just me?

Probably just you....


hahahahaha


I'm just kidding.   

Even when I feel quite calm cool and collected (with a decent plan to advantage from this seemingly extreme downwards volatility), the situation can still be stressful - because us BTC watchers can never really be sure what price point is going to hold, exactly and when the downward momentum is going to end, exactly. 

This reversal in the past 10 hours at $7,625 does seem to have been based on a decent amount of dump spike volume that would be relatively convincing that the bears should have blown their wadds - but gosh.. we can never be certain until perhaps being more certain after we bounce back above a certain price point, perhaps that price point is above $12k-ish, currently?

It feels like just traders are left.  Tether/Bitfinex still unresolved.  Bitconnect might not have been a lot of money relative to bitcoin but it was a lot of people who are derping on YouTube and everywhere else “fuck all crypto”.  ICOs are either getting sued or getting C&D by Texas.  Anecdotal evidence points to 20k being top for a while.  People in this thread retiring by selling above 10k likely means they won’t buy back at above 10k so that segment is gone.  The regular people are gone.  I have a friend who’s a multi millionaire.  Double digits.  He got burned on LTC by buying it above $300 when stupid TV was pumping it with “three simple reasons why it’s better then bitcoin” and last time I tried throwing him some signals like set your bitcoin buys at mid 8s, mid 7s and his response was “fuck this, I ain’t dropping another penny on this shit”.   He got burned by the stock market a while back and to him this is just another market.   Nothing special or different.  Of course I could be wrong and who knows maybe hedge funds will buy to manipulate the futures market.  People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

[BitcoinBunny]

Biggest Dow drop in years today. But Crypto is dead.

[Ibian]

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

[Enjel]

So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

[bitserve]

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

But some people want it to be too damn fucking quick and easy. They should know better.

[conspirosphere.tk]

I have a friend who’s a multi millionaire.  Double digits.  He got burned on LTC by buying it above $300 when stupid TV was pumping it

If your friend keeps investing like this he won't be a millionaire for long. How could he buy LTC at $300 seeing that it was $4 one year before?
I would not buy even a Van Gogh after an 80X price rise in one year, or even a bitcoin.

People getting investing advice from the TV will get REKT on any market, and they better stay out of crypto, both for themselves and the already scarce sanity of this market. We already have enough pump chasers.

[bitserve]

So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

It's not about the price per se, but the bounce.

[Enjel]

So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

It's not about the price per se, but the bounce.

Why isn't it a dead cat bounce? Who's to say it won't go to 5.5k next? I don't think it will, but everyone else seems to think 5 digits is coming soon.

[Ibian]

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

But some people want it to be too damn fucking quick and easy. They should know better.

Sure. It's still both.

I went from being on welfare to being financially independent in 4 years. That's quick fucking money. And I had to sit through a brutal multi-year bear market at a loss for most of it, imagine the people who bought at the bottom.

[RoomBot]

WE GOT THIS!!!

[explorer]

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

Timing only.

Actually, when properly applied, it is also a get poor quick mechanism...

[bitserve]

I have a friend who’s a multi millionaire.  Double digits.  He got burned on LTC by buying it above $300 when stupid TV was pumping it

If your friend keeps investing like this he won't be a millionaire for long. How could he buy LTC at $300 seeing that it was $4 one year before?
I would not buy even a Van Gogh after an 80X price rise in one year, or even a bitcoin.

People getting investing advice from the TV will get REKT on any market, and they better stay out of crypto, both for themselves and the already scarce sanity of this market. We already have enough pump chasers.

Some people got their fortune by inheritance and/or luck. Others know about their field and that made them rich, but donno about others. Many lost their fortune even faster than they gained it... usually due to big mistakes they made when they stepped out of their comfort/expertise zone.

This guy is not completely stupid. He has realized crypto is not for HIM. And maybe he is completely right.

[Ibian]

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

Timing only.

Actually, when properly applied, it is also a get poor quick mechanism...

Only if you have old man shaky hands.

That's actually one of the more interesting aspects of the people who have been here for a while. Our normal is normal to us, but most people can't do what some of us have done. How fucking huge is the mental gap between people?

[User705]

I have a friend who’s a multi millionaire.  Double digits.  He got burned on LTC by buying it above $300 when stupid TV was pumping it

If your friend keeps investing like this he won't be a millionaire for long. How could he buy LTC at $300 seeing that it was $4 one year before?
I would not buy even a Van Gogh after an 80X price rise in one year, or even a bitcoin.

People getting investing advice from the TV will get REKT on any market, and they better stay out of crypto, both for themselves and the already scarce sanity of this market. We already have enough pump chasers.

He’s  a multi millionaire and will continue to be so because he builds successful businesses but the point was for him bitcoin was just like any other investment.  So he thought he was smart and listened to the “investment talking heads” on Bloomberg.  Yes it sucks for him but he wasn’t stupid and bought too much or mortgaged his house for it but the point I was trying to make is that this segment of the population might not be coming back to Bitcoin right now.  I’ll keep pinging him and eventually the lightbulb will go off but it won’t be tomorrow or in a month.  Again totally anecdotal evidence.  Don’t use this to trade.  LOL

[bones261]

So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

It's not about the price per se, but the bounce.

Why isn't it a dead cat bounce? Who's to say it won't go to 5.5k next? I don't think it will, but everyone else seems to think 5 digits is coming soon.

The bounce happened on rather high volume. This would indicate at around 7.6K, there is a great deal of support(lots of people want to buy at this price.) However, many suspect that this market is highly manipulated. I personally think applying technical analysis to these charts is equivalent to predicting the future with a horoscope chart. Just my opinion, though.

[Last of the V8s]

https://modernconsensus.com/2018/02/02/circle-set-acquire-poloniex/
By Ken Kurson, February 2, 2018
Ken Kurson, founder of Modern Consensus, is on the board of directors of Ripple.

[Enjel]

So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

It's not about the price per se, but the bounce.

Why isn't it a dead cat bounce? Who's to say it won't go to 5.5k next? I don't think it will, but everyone else seems to think 5 digits is coming soon.

The bounce happened on rather high volume. This would indicate at around 7.6K, there is a great deal of support(lots of people want to buy at this price.) However, many suspect that this market is highly manipulated. I personally think applying technical analysis to these charts is equivalent to predicting the future with a horoscope chart. Just my opinion, though.

Some people seem to be able to predict pretty well... presumably just using TA. But thanks. High volume bounce I guess is healthy.