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

[d_eddie]

The floor is in. A certain family member just sold, the poor bastard.

Could be.  Had someone I know swallow a 50% loss and leave.  The problem of course is they aren’t coming back any time soon so where the fresh money will come from?

From us, at least in part. Most of my fiat profit is straight from the clonecoin dump. Been waiting to see if I get richer in fiat or btc for a while now.

I have learned that the best time to buy Bitcoin (or any asset really) is when no one else seems to want it and has completely forgotten about it.

The relatively high volatility still tells me that we're not there yet.

I agree totally! I ate up a lot of BTC on the way down, so my fiat reserves are a bit on the low side. But I'm starting to set aside some more, and I will get moar korn when the waters aren't muddy anymore.

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[undeadbitcoiner]

Not sure if buy now... or buy lower.

Don't let yourself down thinking F^^K why i din't buy at 7K while price is at 3X

[fragout]

So when is the bitcoin crash captioned Hitler video coming out?
That should be a good one eh?

Im sure i saw one for the 2013 crash

[Spaceman_Spiff_Original]

Looking pretty sweet 

[EtherCoin]

Looking pretty sweet 

Not till we go over 10k again.

Eth.

[TERA2]

Where are all the ridiculous bears who told me I was wrong and it was going straight to $2k

[zazzbg]

So when is the bitcoin crash captioned Hitler video coming out?
That should be a good one eh?

https://www.youtube.com/watch?v=Y1hveW7qyNc

Here is one when you sold at the bottom at $1 and the price hits ATH at $18:

https://www.youtube.com/watch?v=alc0gG0u48M

[somac.]

Do you think this bloodbath for today is over?
It seems like market is recovering

nope

Between 2018 and 2013 there had been 5 Years.

Once could argue that this meltdown could heal in another 5~10 years. But I doubt that. The momentum has been lost, the notation of the currency as a store of value destroyed.

Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.

The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.

Shit, your meant to be a legendary member. You should understand this.

[Wekkel]

The best thing to do now is write off your holding, go away and do somthing else for a year or so.

I concur but will not write off my holding. It’s just a game of patience, unless you think crypto is suddenly going away and will be ‘uninvented’. Time to accumulate bigger positions in promising projects while the dirt is shaken out of the markets.

[HairyMaclairy]

Haha that was fun. Sold into that candle.  I better be careful, I’m tempting fate.

[Last of the V8s]

All I know is that I have enough in the bank to last until 2020. Then I buy islands. Ireland

ftfy

[svdleer]

Still to much sell power.

[iamrohitkgupta]

So when is the bitcoin crash captioned Hitler video coming out?
That should be a good one eh?

https://www.youtube.com/watch?v=Y1hveW7qyNc

Here is one when you sold at the bottom at $1 and the price hits ATH at $18:

https://www.youtube.com/watch?v=alc0gG0u48M

I will sell my house and buy bitcoin that way.. LOL

[ccminer.net]

Do you think this bloodbath for today is over?
It seems like market is recovering

nope

Between 2018 and 2013 there had been 5 Years.

Once could argue that this meltdown could heal in another 5~10 years. But I doubt that. The momentum has been lost, the notation of the currency as a store of value destroyed.

Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.

The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.

Shit, your meant to be a legendary member. You should understand this.

That's the point folks!!!

[zazzbg]

https://www.youtube.com/watch?v=j2BBr8q4y74

This is a fresh one. 

[Dakustaking76]

Maybe a bulltrap? Like we moven down to €6k then €7.5k then again down...

[firhatnawfanh]

https://www.youtube.com/watch?v=2B_uusKGG0U

This bits from 2014 is really hillarrious

[600watt]

Maybe a bulltrap? Like we moven down to €6k then €7.5k then again down...

yep, its gambling. I went back with 2/3 of money. another 1/3 when we cross $7k.  it is more fun scoring additional btc than it is fucked to lose fiat.

[ccminer.net]

Maybe a bulltrap? Like we moven down to €6k then €7.5k then again down...

Looks like a bulltrap for me, hope to be wrong tho

[Jacques_Bittard]

Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.

The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.

Shit, your meant to be a legendary member. You should understand this.

Lol, bitcoin isn't an escape for the poor. The only escape for you would be to obtain a skill, that is special and needed enough, so people will pay you good money for your work. If you have done that, then you can educate yourself further on how to become an entrepreneur and how to use your knowledge to build a team, that can solve even more problems then you could solve alone.
This isn't easy, but you can't beat Darwin. The poor will stay poor mostly if they are only looking for easy shortcuts to riches. They don't want to learn anything or do anything, they just want to become rich. Some people do win the lottery etc. but the cold hard math tells you that the majority of the "lottery hoping folks" will remain poor till the end of their life.

For instance, if you would be educated, then you would see that Bitcoin isn't the savior of the poor. At first, bitcoin value is deflationary, meaning that owning money creates more wealth for you. If you had any basic sense of finance, then you would know that this actually helps the rich, not the poor. Currently it is easy to make money if you have money, but with bitcoin it is even easier. If the currency you are holding is inflationary, then you have to use your money  to start new projects and create new jobs, then your wealth also expands. If you do nothing but sit on your fat bank account, then your wealth will start to shrink. With bitcoin, the rich don't have to do anything but sit on their ass while watching their wealth to expand. And the poor, who don't have much to save up on their bank accounts and who work from salary to salary, won't get nearly as much benefit from this system.