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

[BitcoinNewsMagazine]

Educate me if you want: what is considered 'in the green' and 'being safe'?

Multiple days of continuous growth?
Reaching $8500?
High volumes?

Because last Saturday I was getting excited, only to get real again this morning.

IMO on 4 hour chart: crossing 850 EMA (blue line) which is also close to long term 50% Fibonacci retrace from $152 (tl;dr over $9900):

[Remember remember the 5th of November]

Jesus I hope this aint a bull trap, crossing fingers!!

[RoomBot]

I will merit someone for anyone for .01 BTC per Merit.

Get in while the price is low. ICO. Cheap Merits.

SMerCoin  

PRONOUNCED, "sMEAR"  COIN.

[kurious]

um , am I seeing a 1500+ BTC bid on stamp?

It leapt up to 2000.... at around 7870 - now at 1410 a little over 8000.

Somehow I doubt it will wait to be totally sold into.

EDIT: Nope - looks as it's really buying, almost gone.  I hope it pushes things up, but I am not sure it will.

Yeah, looks like some millionaire buying into the market.

Daily candle on Bistamp is over 65,000 BTC already...  Pretty healthy fight for price and the candle is definitely not red.  Cautiously now thinking (as Tera says) - bullish...

[milkshock100]

Rocket gathering speed

[Ibian]

I really wanted like 5k

[jojo69]

Rocket gathering speed

thank god we have these reusable boosters now

[kurious]

This is not the end.
This is not even the beginning of the end.
But it is, perhaps, the end of the beginning...

W.C.

[milkshock100]

Gentlemen, after our temporary descent to the earths atmosphere we are now returning to the moon

[Wekkel]

I really wanted like 5k

I am sorry. My actions earlier today spoiled it.

The bottom was 6200

Been told by who...?

By my orders to bottom fish some altcoins. Will never be hit so contra indicator is working  
Glad to be of service at the costs of about $6 for a BTC transfer to an exchange.

[Toxic2040]

Rocket gathering speed

thank god we have these reusable boosters now

[600watt]

(...)

6000 is the fucking BOTTOM

hoping I was right this time.

[RoomBot]

COME ON HODLers!

Everybody get out and PULL this train!

CCMF

[kurious]

To state the obvious:

Most of us have been hoping someone else would start buying.  

The problem is simply that the majority of the market cash hasn’t been.  Why would it when it’s on the way down?  

However:   Ultimately there is a price that is just too low and there will be more buyers than sellers.  The market decides this, not our crossed fingers.

This is the truth.  The price will eventually turn up, it must: but ‘when’ the bottom is in can truly only be known with hindsight.

If this is over, we must be thankful - because a slow bleed is worse than a sharper, faster one.  Anyone who waited after Gox for a final bottom for over a year will remember the pain of this.

That said, we know in our soul these coins are really cheap, we just need to feel the market agrees, so we don’t buy before they’re cheaper still.  

Once it is apparent the market has decided, we know the bottom is in and so we can BUY.

And BUY, we will.  

[SidETH]

Be honost now: who forgot to fill up the rocket?

[kurious]

Just one more dip to about 7280, please - I just need a little more!

EDIT: and in the next 2 hours would be great, I can't stay up all night again

[xhomerx10]

[AlexGR]

To state the obvious:

Most of us have been hoping someone else would start buying.  

The problem is simply that the majority of the market cash hasn’t been.  Why would it when it’s on the way down?  

It's a matter of quantity...

If you drop too much cash in the market, there are no BTC to buy => price spikes upwards.
If you drop too many coins in the market, there is no cash to buy => price spikes downwards.

I wouldn't give too much importance on the price that is formulated as a result of over-supply spikes... that's the case here... too many bitcoins dumped in a short amount of time... almost as if to create the desired effect (a lower price - for whatever reason).

The important thing is that these supply spikes aren't mid-term or long-term sustainable in a finite-quantity asset, like BTC. Only short-term.

[d_eddie]

To state the obvious:

Most of us have been hoping someone else would start buying.  

The problem is simply that the majority of the market cash hasn’t been.  Why would it when it’s on the way down?  

However:   Ultimately there is a price that is just too low and there will be more buyers than sellers.  The market decides this, not our crossed fingers.

This is the truth.  The price will eventually turn up, it must: but ‘when’ the bottom is in can truly only be known with hindsight.

If this is over, we must be thankful - because a slow bleed is worse than a sharper, faster one.  Anyone who waited after Gox for a final bottom for over a year will remember the pain of this.

That said, we know in our soul these coins are really cheap, we just need to feel the market agrees, so we don’t buy before they’re cheaper still.  

Once it is apparent the market has decided, we know the bottom is in and so we can BUY.

And BUY, we will.  

A great way to put it.
I've been buying like mad on the way down - perhaps too much, too early, but when she gets back up were she belongs it will be much less relevant.

The thing is, in these bloody days, I didn't feel as much panic as I felt FOMO.

[d_eddie]

Another "obvious" concept - but easy to forget - that many smart folks here have pointed out: for every seller there is a buyer, and vice versa. Someone's really loaded up with cheap coins at the expense of the weak hands.

Never forget - You only lose if you sell cheaper than you bought.