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

[Rosewater Foundation]

We need more grandmas and taxi drivers buying bitcoin.

No, we really don't. Hasn't CNBC already done enough damage?

[fabiorem]

No, we really don't. Hasn't CNBC already done enough damage?

Bitcoin was created to be a global currency. Deal with it.

[becoin]

""""because I know bitcoin will make a lot of us here very wealthy"""   this is the biggest problem of all crypto

Selfish ego maniacs around  the world..  .... who are also present here with "legendary" acc.. 

Its just another "wallstreet" on stereoids. just another generation of psychopaths able to do everything for money without work.... now they sit in rooms in t-shorts

Crypto  is last chance for all this  ****   .. after will be only "bum bum"

There are people even more stupid than that. There are people that stupid that they don't have any bitcoins.

[Rosewater Foundation]

No, we really don't. Hasn't CNBC already done enough damage?

Bitcoin was created to be a global currency. Deal with it.

I don't see it that way.

[sirazimuth]

We need more grandmas and taxi drivers buying bitcoin.

Who do you think bought all those $19,000 coins?

[fabiorem]

Who do you think bought all those $19,000 coins?

Grandmas and taxi drivers, who sold in panic after Wall Street dumped it.

[Rosewater Foundation]

Who do you think bought all those $19,000 coins?

Grandmas and taxi drivers, who sold in panic after Wall Street dumped it.

Wealth transferred from naive consumers straight into Wall Street's front pocket. This ain't what I signed up for.

[suchmoon]

We need more grandmas and taxi drivers buying bitcoin.

Who do you think bought all those $19,000 coins?

Hey, watch who you're calling grandma! 

[fabiorem]

Wealth transferred from naive consumers straight into Wall Street's front pocket. This ain't what I signed up for.

Me too. I only bought my first coin when I had a use case for it.

But what can we do about it? People keep saying those futures markets are good for bitcoin, that we need "legitimacy" and "recognition" by the authorities. The results are right there.

[infofront]

There is fairly strong support, depending on the charting methods used, at $9,700. This seems to be holding for now.
If the market were rational, it would soon realize that the dip was just an overreaction to a bunch of FUD...

[greensheep]

In my opinion we are in a cycle of <10k - 12k which is just repeating itself.

Which is great!

[samson]

Article from trustnodes.com - https://www.trustnodes.com/2018/03/07/mt-gox-crashed-bitcoin-trustee-sold-bottom-blockchain-data-reveals


MT Gox’s bitcoin addresses are well known as blockchain detectives spent months analyzing them. One such address shows 2,000 bitcoin held by the trustee were moved on December 18th.

On that very day, bitcoin’s price stood at $19,000, briefly fell to $18,000, then continued to fall in subsequent days:




On December the 22nd, the trustee moved 6,000 bitcoin. That’s the big red daily candle above labeled 2, sending price from nearly $16,000 to a brief low of $10,800.

It appears he gave some time for the market to recover, then on the 17th of January at 3AM he sold 8,000 bitcoins. Crashing the market again.

He then sells another 6,000 on the 31st of January, but the vast majority was sold on the 5th of February, 18,000 in total. Sending the price to its recent bottom from which it then went on to recover and nearly double as the selling finally stopped.

This suggests the trustee has sold it all on exchanges, rather than Off The Counter (OTC), sending price down some 75% by perhaps placing market orders.

Doesn't this mean that there was no correction / capitulation ?

Just one man triggering a wave of panic sells outside what the big manipulators expected.

I'll bet a few people got burned by this.

Remember, he sold only 18% of the Gox Bitcoins so 82% of them are still being held and he plans to sell more of them according to the latest update released today on mtgox.com - there is a PDF which can be viewed there right now.

[SidETH]

Your gf was right. We all shoulda sodl at $19,000. We trololololed ourselves.

Mine told me to hold.
Damn her

[JayJuanGee]

""""because I know bitcoin will make a lot of us here very wealthy"""   this is the biggest problem of all crypto

Selfish ego maniacs around  the world..  .... who are also present here with "legendary" acc.. 

Its just another "wallstreet" on stereoids. just another generation of psychopaths able to do everything for money without work.... now they sit in rooms in t-shorts

Crypto  is last chance for all this  ****   .. after will be only "bum bum"

Your generalization is a bit much, no?

There are some folks who put all their eggs into crypto, but that is a pretty fucking small minority, even folks in these threads do not necessarily put all their eggs into crypto.

Regarding getting rich and strategy, yes, bitcoin has proven to be a pretty wise investment relative to other assets.  Even though historical performance does not establish future results, there remain really decent signs that putting a decent amount of investment into bitcoin is going to continue to provide decent future performance value.  Nothing is guaranteed, but if you know about bitcoin, then it seem prudent to have some of your value in it.

[Rosewater Foundation]

Your gf was right. We all shoulda sodl at $19,000. We trololololed ourselves.

Mine told me to hold.
Damn her

[greensheep]

Article from trustnodes.com - https://www.trustnodes.com/2018/03/07/mt-gox-crashed-bitcoin-trustee-sold-bottom-blockchain-data-reveals


MT Gox’s bitcoin addresses are well known as blockchain detectives spent months analyzing them. One such address shows 2,000 bitcoin held by the trustee were moved on December 18th.

On that very day, bitcoin’s price stood at $19,000, briefly fell to $18,000, then continued to fall in subsequent days:




On December the 22nd, the trustee moved 6,000 bitcoin. That’s the big red daily candle above labeled 2, sending price from nearly $16,000 to a brief low of $10,800.

It appears he gave some time for the market to recover, then on the 17th of January at 3AM he sold 8,000 bitcoins. Crashing the market again.

He then sells another 6,000 on the 31st of January, but the vast majority was sold on the 5th of February, 18,000 in total. Sending the price to its recent bottom from which it then went on to recover and nearly double as the selling finally stopped.

This suggests the trustee has sold it all on exchanges, rather than Off The Counter (OTC), sending price down some 75% by perhaps placing market orders.

Doesn't this mean that there was no correction / capitulation ?

Just one man triggering a wave of panic sells outside what the big manipulators expected.

I'll bet a few people got burned by this.

Remember, he sold only 18% of the Gox Bitcoins so 82% of them are still being held and he plans to sell more of them according to the latest update released today on mtgox.com - there is a PDF which can be viewed there right now.

Next 'bargain' day on September 26, 2018.?

[samson]

Well shit. Was just telling my gf over diner not to worry. Then opened http://bitcoinity.org/markets/bitstamp/USD
Now hiding

You think you have problems. I installed a bitcoin ticker on the wifes phone a few days ago. She rushed in the door about an hour ago screaming wtf is going on

My gf does it all the time too....’Bitcoin is obviously over, let’s sell everything now’ ..... ‘We should have bought that house for xxxxx outright with no mortgage when it was over $19,000 each’

Fucking women....I tell her to STFU & relax because I know bitcoin will make a lot of us here very wealthy.

I remember telling my GF when Bitcoin hit $100 for the very first time,we watched it live on the computer as it happened - an exciting day for everyone for sure, especially as I bought most of them for $15, then $20 and later $50. The first thing she suggested that I sell them all to take the profit. LOL

[greensheep]

""""because I know bitcoin will make a lot of us here very wealthy"""   this is the biggest problem of all crypto

Selfish ego maniacs around  the world..  .... who are also present here with "legendary" acc.. 

Its just another "wallstreet" on stereoids. just another generation of psychopaths able to do everything for money without work.... now they sit in rooms in t-shorts

Crypto  is last chance for all this  ****   .. after will be only "bum bum"

There are people even more stupid than that. There are people that stupid that they don't have any bitcoins.

Aka a https://www.urbandictionary.com/define.php?term=nocoiner  

[infofront]

Well shit. Was just telling my gf over diner not to worry. Then opened http://bitcoinity.org/markets/bitstamp/USD
Now hiding

You think you have problems. I installed a bitcoin ticker on the wifes phone a few days ago. She rushed in the door about an hour ago screaming wtf is going on

My gf does it all the time too....’Bitcoin is obviously over, let’s sell everything now’ ..... ‘We should have bought that house for xxxxx outright with no mortgage when it was over $19,000 each’

Fucking women....I tell her to STFU & relax because I know bitcoin will make a lot of us here very wealthy.

I remember telling my GF when Bitcoin hit $100 for the very first time,we watched it live on the computer as it happened - an exciting day for everyone for sure, especially as I bought most of them for $15, then $20 and later $50. The first thing she suggested that I sell them all to take the profit. LOL

That's why I basically leave my wife out of my crypto stuff. Occasionally she'll ask, "how's your bitcoin doing?" "Fine" or "okay," I reply.
I don't want to hear any shit about buying a new car, upgrading our house, etc.

[JayJuanGee]

Well shit. Was just telling my gf over diner not to worry. Then opened http://bitcoinity.org/markets/bitstamp/USD
Now hiding

You think you have problems. I installed a bitcoin ticker on the wifes phone a few days ago. She rushed in the door about an hour ago screaming wtf is going on

My gf does it all the time too....’Bitcoin is obviously over, let’s sell everything now’ ..... ‘We should have bought that house for xxxxx outright with no mortgage when it was over $19,000 each’

Fucking women....I tell her to STFU & relax because I know bitcoin will make a lot of us here very wealthy.

I remember telling my GF when Bitcoin hit $100 for the very first time,we watched it live on the computer as it happened - an exciting day for everyone for sure, especially as I bought most of them for $15, then $20 and later $50. The first thing she suggested that I sell them all to take the profit. LOL

O.k.   And that would have been about early 2013.  What did you do, and what have you been doing  the past 5 years?

There have been a lot of dips, lots of opportunities to sell and to rebuy and to either make or lose money.  What has been your approach?  How many times have you been tricked out of your coins in the past 5 years?