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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25439980 times)
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greensheep
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March 09, 2018, 08:58:00 AM

Selling under 10k. Sheeeeeeeeeeeet that’s not good. Why do such a thing?

Well again bitcoin is a small part of my portfolio. But because every technical indicator is flashing red. No I'm not a big believer in technical analysis. But when ALL of them signal red at the same time. Well that's not great. Basically that up trend we were all enjoying since the beginning of February is completely obliterated. Signaling that this is was all a protracted bull-trap and the trend from before February is the real trend. Additionally you should understand that 9,000 dollars is a GREAT price for me. The 9,000 that is depressing to you is god damn amazing to me. It is beyond what was even my even most fanciful wildest dream. Look at my account profile. I've been here since 2010. This profit that I just took is enough to retire on. If I leave it in bitcoin maybe it goes really really low and I have no retirement, I have to go get a damned job.

Well I understand, If you can go on retirement with a 9K price, I would do it too.
Who wouldn't actually.
For me personally, there is some time needed up ahead to reach that point Smiley
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fragout
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March 09, 2018, 08:58:15 AM

Fuuuuuccck. It’s going up again.  I’m never going to have solid gold yacht at this rate.

Sure you will buddy. Look you just gotta realign your expectations a little bit.



Just ask Carlos Matos. There is no problem so big that it cant be solved by a positive attitude.


Soooooo did you guys see this? I was watching transactions live and the mother of all transactions scrolled by right before my eyes. In all my years of transaction watching I have never seen anything even in the same universe as this. It's was like going whale watching and seeing the occasional orca swim through I'm pretty impressed then cathulu casually strolls by. Thoughts? https://blockchain.info/tx/c875eb38c6bc141abd92a9014f985b72f5500f88e8722d29e1c8d274b738d744

It's 132 million dollars
Waoh! I never seen any transaction this big myself... I guess the confidence is getting back and people are buying into the dip already. Hope this will validate my earlier speculation about the price rallying back to 10k. Just been hopeful though.

Leads back to this address from early 2013 which had 30k btc . https://blockchain.info/address/1BadjLJqb2CB73t3ZJ296xrwhHNhyo5JaU
And further back  (2012) to this address which is a Bitcoin foundation address. https://blockchain.info/address/1BTCorgHwCg6u2YSAWKgS17qUad6kHmtQW
JayJuanGee
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March 09, 2018, 08:59:27 AM

dude

you're fucked

It seems like almost any of us can get tempted into selling a bunch of BTC when the price is dropping so fast..

When it is happening, it seems like no bottom, and after about the third or fourth leg down, you can become so fucking tempted to sell - and that frequently can end up being the bottom.

But, yep, could be that the bottom is in.. .  I hope so.  Probably we need to wait for 20 more hours or so, just to be clear that all of the dumpers have had their dumping go at it... and to ensure we are actually done with the dumping, this time around.

Currently, i do have a sense that the dumping is not over, yet.. but what do I know?  

Are you trying to say.... wait for it.... that the next 24 hours are critical?  Wink

You should know that I am not quite capable (or willing) of putting matters so tersely.   But in a nutshell.... maybe


jojo69
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March 09, 2018, 09:02:08 AM


Who wouldn't actually.


raises hand

working isn't so bad, they aren't getting my corns for less than 40, and only a few of them then
greensheep
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March 09, 2018, 09:05:38 AM


Who wouldn't actually.


raises hand

working isn't so bad, they aren't getting my corns for less than 40, and only a few of them then

So if you could retire and live a wealthy easy life you wouldn't sell? anyhting?
greensheep
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March 09, 2018, 09:07:21 AM


Who wouldn't actually.


raises hand

working isn't so bad, they aren't getting my corns for less than 40, and only a few of them then

I would study again I guess, but that's for future times
jojo69
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1/21000000 , the only math you need to know


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March 09, 2018, 09:07:58 AM


Who wouldn't actually.


raises hand

working isn't so bad, they aren't getting my corns for less than 40, and only a few of them then

So if you could retire and live a wealthy easy life you wouldn't sell? anyhting?

I could

right now

My needs for survival are met.  I am a patient individual.
greensheep
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March 09, 2018, 09:12:02 AM

Selling under 10k. Sheeeeeeeeeeeet that’s not good. Why do such a thing?

Well again bitcoin is a small part of my portfolio. But because every technical indicator is flashing red. No I'm not a big believer in technical analysis. But when ALL of them signal red at the same time. Well that's not great. Basically that up trend we were all enjoying since the beginning of February is completely obliterated. Signaling that this is was all a protracted bull-trap and the trend from before February is the real trend. Additionally you should understand that 9,000 dollars is a GREAT price for me. The 9,000 that is depressing to you is god damn amazing to me. It is beyond what was even my even most fanciful wildest dream. Look at my account profile. I've been here since 2010. This profit that I just took is enough to retire on. If I leave it in bitcoin maybe it goes really really low and I have no retirement, I have to go get a damned job.


Sounds like you are rationalizing away your lack of foresight.  If it had been so great to sell a bit of your holdings, you had a lot of opportunities to sell on the way up and considerably above $10k...

Now you are just spreading bullshit and selling on the way down in a whimpy and whiny and rationalizing way.  Trying to justify it with us, for what reason?   Do you want others to follow?  Get the fuck out of here.    Take your profits, and be happy, don't try to speak out of both sides of your mouth in an attempt to get guys to do the opposite of what they should be doing.

True, If you can retire at 9K you could have at 16 or 17 too, better sell on the way up indeed...
You could have retired with twice as much... Shocked
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March 09, 2018, 09:35:26 AM

I think that there will be 12-24 months of slow bleed, that will have these little sharp upward spikes that the sheep will repeatedly call  "reversals".
This is how you get the sheep excited enough to stay in the market while you do the shearing. History will repeat itself.

You are quite correct.

A good indicator that the bear market is still on track, is the number of posters who think the opposite and maintain faith that the price will rise.

Having watched every twist and turn of the market since 2012, the repetition is easy to see.

If you are invested, going to fiat is still a risky option, because the hard part is buying back later.
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March 09, 2018, 09:41:19 AM

Yeah keep dumping you noobs. More cheap coins for me. I am buying all your stash. Let's see who'll be laughing when it reaches $100k.
White sugar
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March 09, 2018, 09:51:23 AM

Yeah keep dumping you noobs. More cheap coins for me. I am buying all your stash. Let's see who'll be laughing when it reaches $100k.

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March 09, 2018, 09:54:41 AM

Ok, at this rate, I'm starting to wonder if I pull my BTC off the exchange and back into my wallet. Something tells me I'm not selling BTC before end of March.

This is starting to look like a downright apocalyptic shakeout.
I would, just to make sure no panic selling takes place due to inconvenience of doing so.
fragout
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March 09, 2018, 10:04:58 AM

Ok, at this rate, I'm starting to wonder if I pull my BTC off the exchange and back into my wallet. Something tells me I'm not selling BTC before end of March.

This is starting to look like a downright apocalyptic shakeout.

On a slightly more positive note. The order book is looking much more bullish on stamp today. +$30 million on the buy side compared to yesterday. 1000 btc to $8100 and 1000btc to $10k.
I know this fluctuates quickly and I am probably grabbing at straws but at least the ammo is there if a quick reversal occurs
SidETH
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March 09, 2018, 10:05:50 AM
Merited by BobLawblaw (1)

Time to bring out the 2 word post again.

Well fuck.
HairyMaclairy
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March 09, 2018, 10:17:26 AM

Bcash lol is $948 so I think that’s delightful.  

And I’m rich again....
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March 09, 2018, 10:23:30 AM


Which is the trend bull or bear?

SidETH
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March 09, 2018, 10:23:38 AM

Bcash lol is $948 so I think that’s delightful.  

And I’m rich again....

You carry a thin line between being poor and being rich Grin
I'm deadbroke poor compared to January. But rich as fuck compared to June last year.
Problem is, January is fresher in the memory than June Cry
luckygenough56
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March 09, 2018, 10:25:10 AM

it's a W
SidETH
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March 09, 2018, 10:36:13 AM

it's a W

Looks more like a hanging dick to me Undecided
HairyMaclairy
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March 09, 2018, 10:37:58 AM

You need to understand.  Every time it goes under $8700 I’m poor again which means I will be rich but when it goes over $8700 I’m rich again which means I will be poor.  And I’ve been rich and poor five times today and trust me, rich is better except it means you are going to be poor which is worse so it’s better to be poor and worse to be rich.    
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