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

[yefi]

Hi that’s great advice.  I am still in accumulation phase.  I triggered some capital gains when I sold coins bought in 2013.  I have started buying back lower with profits but the price has continued to fall.  I think that if I liquidate my new position on the last day of the tax year in my country, then I can offset trading losses against capital gains tax, and use the funds I have set aside to pay taxes to rebuy the following tax year (a few hours later). Obviously timing is critical.

If you're in the UK, there's the 30 day rule to consider. That was specifically implemented to stop people flipping assets to take advantage of the tax-free allowance.

[1560815488]

1560815488

[1560815488]

1560815488

[Rosewater Foundation]

So... sell a bit to take profit next week ?   

Just keep buying. There are some big boys buying a lot of cheap bitcoins. You know why? They know this year bitcoin will break all the walls and reach ATH.

That seems sort of unlikely at this point.

[PaivanTreidi]

So... sell a bit to take profit next week ?   

Next week we could be fighting over the bones. I'd say run now.

I am buying now. The price is right and it won't be for long.

[MERlT]

That's it .... I'm out. This thing is going down in flames.

Selling all my bitcoins to buy bcash, gonna spend the rest of my days playing chums with roger jihan rizun and jbreher while spamming bitcoin transactions like a maniac. Huffing the ether smart contract gaseous Davos lies is much more fun too.

Bitcoin is so much last years shitshow. Central power and control is the future.

You echo Richard Heart

https://www.youtube.com/watch?v=w8_1JFE_9dI

[luckygenough56]

That's it .... I'm out. This thing is going down in flames.

Selling all my bitcoins to buy bcash, gonna spend the rest of my days playing chums with roger jihan rizun and jbreher while spamming bitcoin transactions like a maniac. Huffing the ether smart contract gaseous Davos lies is much more fun too.

Bitcoin is so much last years shitshow. Central power and control is the future.

somehow i don't believe it   You're probably the bullest bull of all bulls

[Majormax]

That's it .... I'm out. This thing is going down in flames.

Selling all my bitcoins to buy bcash, gonna spend the rest of my days playing chums with roger jihan rizun and jbreher while spamming bitcoin transactions like a maniac. Huffing the ether smart contract gaseous Davos lies is much more fun too.

Bitcoin is so much last years shitshow. Central power and control is the future.

somehow i don't believe it   You're probably the bullest bull of all bulls

The /sarc tag was left out, but should have gone in the middle at some point. Exactly where it goes will remove the ambiguity. 

[Nosk]

So... sell a bit to take profit next week ?   

Just keep buying. There are some big boys buying a lot of cheap bitcoins. You know why? They know this year bitcoin will break all the walls and reach ATH.

Here I am, all out of fiat... My greatest dilemma : to buy I must sell first.

[wayna]

It's a nonsense selling now.

We are in uncertain waters, the ATH reached at the end of the year was important, and like someone said, the parabolic phenomenon is happening now.

It's better to hodl and see where the market goes now.

[hisslyness]

So... sell a bit to take profit next week ?   

Next week we could be fighting over the bones. I'd say run now.

I am buying now. The price is right and it won't be for long.

Me too!.. Just loaded up a chunk of BTC... USD/AUD conversion was well under... Have one more stash of $AUD, if the price falls any lower. Hoping I do not have to use it!..

Should have settled for a 2nd hand Lambo in last December!

[savetherainforest]

So... sell a bit to take profit next week ?   

Just keep buying. There are some big boys buying a lot of cheap bitcoins. You know why? They know this year bitcoin will break all the walls and reach ATH.

Here I am, all out of fiat... My greatest dilemma : to buy I must sell first.

I've come to read the WO and check out the FUD!!!

[Rosewater Foundation]

So... sell a bit to take profit next week ?   

Next week we could be fighting over the bones. I'd say run now.

I am buying now. The price is right and it won't be for long.

God speed, random internet person. Fortune favors the fortunate.

[Phil_S]

I don't have the courage to jump. I guess I'm going down with the ship. wee

[Dakustaking76]

BITCOIN DO SOMETHING 
COME ON DONT LET US DOWN AGAINST THE ***** banksters And the whole world for being bad about you

[Nosk]

I have a feeling that the 6k€ support will be eaten soon... That's it, I sell just a bit to buy back after.

[Dakustaking76]

Yep were down to 5xxx

[soullyG]

Starting to get to the "maximum fear" levels now, let's see how quickly this bad boy will turn around..

[micgoossens]

Yep were down to 5xxx

Very typical thing that everybody is saying but nobody wants to happen 

[RayX12]

Like Jimbo would say:

Good morning Bitcoinland I see Bitcoins is $100 dollar cheaper than 3 days ago...  Not low enough for me to run to the ATM.

[fragout]

Starting to get to the "maximum fear" levels now, let's see how quickly this bad boy will turn around..

Strangely, i hit maximum fear yesterday and now today even though the price continues to fall, i feel calm (ish).
The worry i do have though is that there seems to strong support all the way down and those sellers just keep on selling.
This seems different than previous times though where there was more of a flash crash followed by a strong reversal.
I think when we do eventually hit the bottom, it will be more of a slow crawl up with many bumps along the way.

[windjc]

Starting to get to the "maximum fear" levels now, let's see how quickly this bad boy will turn around..

Probably a lot lower than you expect.