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Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25781463 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 5 users with 9 merit deleted.)
Lopumbo
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March 17, 2018, 04:34:07 PM

I really feel so pathetic when bitcoin's price go down but i don't have money left to buy some. I am just hodling my bitcoin which i bought at 12,000$ last year and really wanted to add more.

That will be a loooooong HODL   Cheesy
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mike4001
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March 17, 2018, 04:44:23 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided

Nope, we will probably find a bottom somewhere but I don't know how low it will go.

The problem is that we are slowly going down for weeks now.

This is no flash-crash with a correction a few days after as usual, its a continous down-trend.
RayX12
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March 17, 2018, 04:49:07 PM
Merited by tonyq (10)

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided

Have you just bought this account?

Someone of your vintage should be exactly like this right now -



 Exactly!! By now, you should be the Prime Minister of the Government of a federated.... wait, what?!  ...oh I get it Wink  Shirtless right?



Should allow to take Merits away for such ... insult?
tonyq
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March 17, 2018, 04:52:32 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided

Nope, we will probably find a bottom somewhere but I don't know how low it will go.

The problem is that we are slowly going down for weeks now.

This is no flash-crash with a correction a few days after as usual, its a continous down-trend.

Hence my question....thanks for the sensible reply.
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March 17, 2018, 05:19:05 PM
Merited by bitebits (1)

I hate to say it but this looks like another long term downtrend like we get after all of the huge spikes in price.

It might end up that we have to wait until late 2019 for a reversal as we start to near the next halving.

Either way I will hodl because trying to time the market and play like a trader has never done well for me. It's always been best to just buy and hodl.

We will shoot up past $19k probably in 2020 but until then, get ready for the long winter.
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March 17, 2018, 05:31:28 PM

Just giving a 2x leverage short a try. We should be getting big green dildos, shortly. Grin
xhomerx10
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March 17, 2018, 05:32:26 PM

Where did everyone go?

Just HODLing, nice and easy.

 I'm still around too; just off messing around with Haiku.


Elwar
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March 17, 2018, 05:35:52 PM
Merited by xhomerx10 (1)

Where did everyone go?

Just HODLing, nice and easy.

 I'm still around too; just off messing around with Haiku.



Which way the price goes
Up or down nobody knows
You should hodl bitcoin
bitserve
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March 17, 2018, 05:43:04 PM

Bitcoin Dominance 43% now. FWIW.
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March 17, 2018, 05:54:21 PM

Am I alone in thinking that this is the true beginning of the demise of bitcoin?
 Undecided

Have you just bought this account?

Someone of your vintage should be exactly like this right now -



 Exactly!! By now, you should be the Prime Minister of the Government of a federated.... wait, what?!  ...oh I get it Wink  Shirtless right?



Should allow to take Merits away for such ... insult?

 I wish I could remove merit points for the incorrect grip on that spinning gear while attempting to portray the image of an avid outdoorsman.
^That's an insult!
^and that makes that an insult Wink
#insult2


Hmmm... I wonder, has anyone tried to enter a negative sign in front of the merit amount?  Perhaps it does work.




Elwar
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March 17, 2018, 05:57:46 PM

Hmmm... I wonder, has anyone tried to enter a negative sign in front of the merit amount?  Perhaps it does work.

An Error Has Occurred!
Invalid amount
RayX12
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March 17, 2018, 05:58:39 PM
Merited by infofront (1)

It is my b-day!  Rise .. market .. rise..

xhomerx10
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March 17, 2018, 06:00:10 PM

Hmmm... I wonder, has anyone tried to enter a negative sign in front of the merit amount?  Perhaps it does work.

An Error Has Occurred!
Invalid amount

 Thanks!  I was afraid that trying it would crash the board and I have a lot (more) angry people after me.
Cassius
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March 17, 2018, 06:08:55 PM
Merited by yefi (1), HairyMaclairy (1)

I hate to say it but this looks like another long term downtrend like we get after all of the huge spikes in price.

It might end up that we have to wait until late 2019 for a reversal as we start to near the next halving.

Either way I will hodl because trying to time the market and play like a trader has never done well for me. It's always been best to just buy and hodl.

We will shoot up past $19k probably in 2020 but until then, get ready for the long winter.

It correlates very well (suspiciously well in fact) with the 2013 bubble aftermath. However, the timeline is hugely accelerated, meaning we're almost at the bottom of it already. By my reckoning, it will take a maximum of two more months to bottom out, assuming it hasn't already. The massive volumes we saw on 6 Feb  at $6k will be hard to beat and I'm still in two minds whether that's likely to get broken again.

http://telegra.ph/Inferno-market-outlook-The-Double-Bubble-Analysis-03-16
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March 17, 2018, 06:14:20 PM

Just giving a 2x leverage short a try. We should be getting big green dildos, shortly. Grin

Yea you're screwed buddy. I just put up a sell order. That means the price is about to moon.
RayX12
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March 17, 2018, 06:14:58 PM

...... FUD

It correlates very well (suspiciously well in fact) with the 2013 bubble aftermath. However, the timeline is hugely accelerated, meaning we're almost at the bottom of it already. By my reckoning, it will take a maximum of two more months to bottom out, assuming it hasn't already. The massive volumes we saw on 6 Feb  at $6k will be hard to beat and I'm still in two minds whether that's likely to get broken again.

http://telegra.ph/Inferno-market-outlook-The-Double-Bubble-Analysis-03-16


wow!  LOOK AT THAT GRAPH!

The bottom is in... me thinks!

Go BITCOIN GO
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March 17, 2018, 06:17:44 PM

https://www.bloomberg.com/news/articles/2018-03-16/fewer-americans-hold-cryptocurrencies-than-you-probably-think

Great stuff from Bloomberg there.
What do you reckon the real figure for ownership is? 0.5%?
Elwar
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March 17, 2018, 06:27:17 PM

It correlates very well (suspiciously well in fact) with the 2013 bubble aftermath. However, the timeline is hugely accelerated, meaning we're almost at the bottom of it already. By my reckoning, it will take a maximum of two more months to bottom out, assuming it hasn't already. The massive volumes we saw on 6 Feb  at $6k will be hard to beat and I'm still in two minds whether that's likely to get broken again.

Yes, I'm hoping this is the case. Though I am prepared for a hold out until 2020 just in case.

My bottom for my retirement number is about $3500. But even if it dips below that for a little while it's all good.
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March 17, 2018, 06:31:49 PM
Merited by JayJuanGee (1), infofront (1)

I hate to say it but this looks like another long term downtrend like we get after all of the huge spikes in price.

It might end up that we have to wait until late 2019 for a reversal as we start to near the next halving.

Either way I will hodl because trying to time the market and play like a trader has never done well for me. It's always been best to just buy and hodl.

We will shoot up past $19k probably in 2020 but until then, get ready for the long winter.

It correlates very well (suspiciously well in fact) with the 2013 bubble aftermath. However, the timeline is hugely accelerated, meaning we're almost at the bottom of it already. By my reckoning, it will take a maximum of two more months to bottom out, assuming it hasn't already. The massive volumes we saw on 6 Feb  at $6k will be hard to beat and I'm still in two minds whether that's likely to get broken again.

http://telegra.ph/Inferno-market-outlook-The-Double-Bubble-Analysis-03-16


Another thing we should take into account is 2013 rise was MUCH more explosive too. Granted both 2013 and 2017 were clearly "bubbly" but 2013 experienced a rise from around $10 at January to $1200 at december. That is more than a 100x in just one year.

2017 was more or less 20x from dip to peak, so 5 times less explosive in comparison.

So.. well.... there are differences for sure. Not only past behaviour doesn't guarantee future ones but, it is in fact different circumstances.

If the deflating of the "bubble" were to also be 5 times less intense, that would mean a -2x instead of a -10x as a bottom (if there were such correlation). Which is more or less the price we are now (or it could be anything from $5K to $12K).

Of course the price can go any direction in the short term but I guess it will end up stabilising on the right price and continue with the trend. I would not discard the possibility of a new ATH this same year just yet, although I think the probabilities now are not bigger than that of a long winter (hopefully not than long as the last one).


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March 17, 2018, 06:33:02 PM

https://livestream.com/accounts/27034343/events/8107686/videos/171628467

@mechmarkets 4 hours ago https://twitter.com/mechmarkets/status/975016524418310144

Here is Winklevoss happily describing what sounds like hedge fund fiduciaries front-running clients on his exchange, Gemini.
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