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

[UnDerDoG81]

Lol I thought ether will be the new bitcoin?

[RayX12]

ICO panic is setting in.  Icos cashing out their ETH.  
SEC is shaken the ICOs from the tree.



Who is harvesting apples?? 

[Majormax]

The markets are getting worse and worse as the days are getting worse. We can say that Etherum is experiencing a much more radical decline. But most importantly, how will the Altcoins recover after this hour.

Most (nearly all) altcoins will not recover.  The ecosystem cannot sustain them.

The market is in a bear phase, and will be for the rest of 2018 at least.

But you know don't you, that if I was ever to sell a big portion of my bitcoin, the market would take an amazing turn upwards and go to new all-time-highs, and I would never want to buy back in.  It's the rule of perfectly bad market timing.  And I would be able to brag that I sold at the exact bottom.  That is why I will hold regardless of where the price goes.

Yes, no doubt correct. ... and you are not ready to sell yet, but would be more ready at say $2500.

The key thing now (and it will prove impossible for most people) is to accept that whatever you hold will decline in $ price by another 75% (making 90% decline in total), and that will take place in a grinding downwards pattern, including long counter-trend rallies, spread over ~2 years.

Too difficult for most ppl to accept. Best course is to go away and do something else for a while.

[gentlemand]

Most of them said that we will never see 4 digits again.

I don't recall any of the regulars saying that. Anyone who did is a delusional toad.

20 grand was the clear peak of the bubble. For a bubble pop to halt before the 50% loss mark would make it... not a bubble.

Yes, no doubt correct. ... and you are not ready to sell yet, but would be more ready at say $2500.

The key thing now (and it will prove impossible for most people) is to accept that whatever you hold will decline in $ price by another 75% (making 90% decline in total), and that will take place in a grinding downwards pattern, including long counter-trend rallies, spread over ~2 years.

Too difficult for most ppl to accept. Best course is to go away and do something else for a while.

I didnae realise it was all that certain and 100% locked in. Now I do I'll take it to the bank and cash it.

[babanana]

The markets are getting worse and worse as the days are getting worse. We can say that Etherum is experiencing a much more radical decline. But most importantly, how will the Altcoins recover after this hour.

Most (nearly all) altcoins will not recover.  The ecosystem cannot sustain them.

The market is in a bear phase, and will be for the rest of 2018 at least.

But you know don't you, that if I was ever to sell a big portion of my bitcoin, the market would take an amazing turn upwards and go to new all-time-highs, and I would never want to buy back in.  It's the rule of perfectly bad market timing.  And I would be able to brag that I sold at the exact bottom.  That is why I will hold regardless of where the price goes.

Yes, no doubt correct. ... and you are not ready to sell yet, but would be more ready at say $2500.

The key thing now (and it will prove impossible for most people) is to accept that whatever you hold will decline in $ price by another 75% (making 90% decline in total), and that will take place in a grinding downwards pattern, including long counter-trend rallies, spread over ~2 years.

Too difficult for most ppl to accept. Best course is to go away and do something else for a while.

I have made money from the last bull run and withdrawn it into my bank to not care about this drop. One thing I am certain, I will buy back when the market is favorable. I have small orders already filled but big ones waiting at the very bottom. Dont be scared. Bitcoin from the very start is like this. We've seen worse. It will recover.

[fabiorem]

Will McAfee Eat His Own Dick ?

https://diegorod.github.io/WillMcAfeeEatHisOwnDick/

This one you posted is not going to the end of 2020 (as McAfee said) but to July 17th 2020.

This one here: https://fnordprefekt.de/ go to the end of 2020.

[mindrust]

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

See how similar does it look? It is all over GoX again. Bloodbath to $2k incoming. They won't let it shoot up again unless dumb people do panic sells below $5k.

*Btw whoever made this TA is a fucking genius and a legend.

[Majormax]

Most of them said that we will never see 4 digits again.

I don't recall any of the regulars saying that. Anyone who did is a delusional toad.

20 grand was the clear peak of the bubble. For a bubble pop to halt before the 50% loss mark would make it... not a bubble.

Yes, no doubt correct. ... and you are not ready to sell yet, but would be more ready at say $2500.

The key thing now (and it will prove impossible for most people) is to accept that whatever you hold will decline in $ price by another 75% (making 90% decline in total), and that will take place in a grinding downwards pattern, including long counter-trend rallies, spread over ~2 years.

Too difficult for most ppl to accept. Best course is to go away and do something else for a while.

I didnae realise it was all that certain and 100% locked in. Now I do I'll take it to the bank and cash it.

Every post is expressing an opinion. Time will tell who is right.

[Majormax]

Bloodbath to $2k incoming.

I wish it would happen that quickly, but unfortunately it will take some time.

[600watt]

Lol I thought ether will be the new bitcoin?

Don't worry, Ether is going to be the new BitcoinZ.

Bitcoin dominance now 45.2%.

...and futures looking awful.

it is the only thing that keeps me going. to see that alt-scamcoins are getting hit even harder, eventually most of them will die, which will be great for the one and only coin: BITCOIN

[600watt]

45.4

 

[DARKHOLDER]

Why do people still listen to those who made crazy predictions in the past and were all wrong?
None of them predicted the pull back from 20K to 7-8K did they?

Masterluc, Cliff High, Tone Vays, McAfee.

Will McAfee Eat His Own Dick ?

https://diegorod.github.io/WillMcAfeeEatHisOwnDick/

he will not do this because he is an idiot who does not fulfill his words just blah blah live in his dreams

[bitcoinPsycho]

Lambo profit warning tomorow due to record number of cancelled orders

[600watt]

also, masterluc says...blah blah

Why do people still listen to those who made crazy predictions in the past and were all wrong?
None of them predicted the pull back from 20K to 7-8K did they?

Masterluc, Cliff High, Tone Vays, McAfee.

 

tone says said we would go down below 7k once we dived from the $13k cliff.

[Vlada69]

45.4

 

It's tickling with 45.5% now.

BTW, I'm not a very much chart specialist but doesn't this look like a double-bottom? No one seems to be talking about it.

not yet. we have to see where will it end.

[Karartma1]

Bitcoin, oh, Bitcoin

Never a calm trade
Never an easy day
Never a simple fixed paid
Never a dull day.

[sagybtc]

<7000 USD

[fabiorem]

Who still have doubts that we are in a bear market?

[600watt]

45.6

 


wow, this is escalating quickly. what is going on in the altworld? eth collapse?  

[Vlada69]

thx Raja