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

[Alexander_Z]

There's a first rule of bitcoin, which is to talk about bitcoin, but don't talk about your qty of bitcoin.  

I have not heard of it before, probably I've been hibernating when it was mentioned first. It makes sense, however...

It is a theme that has been repeated in this thread to a decent degree through the years, and comes from fight club...   

I see, the first rule here is: never talk about the amount of BTC! I have missed it because I was dormant for a very long time. When bears rule, I find their habit of hibernating during (crypto)winter infectious 2017 was very invigorating, but now I have a feeling that going to sleep until 2019 may be a good idea. Maybe I'm wrong, but suspect that while almost everyone is waiting for a new bull season, there will be no bull season. And when almost everyone starts to think that there will be no new rise, a new pump will begin.

On the interwebs, you can get away with revealing a bit more about your BTC (or crypto or fiat) holdings, without punishment, unless you are hacked, of course. 

In the real world, you may be punished more if you reveal too many of those kinds of financial holding(s) details. 

By the way, I have a location in which I have several computers running bitcoin tickers from various angles (usually it is windows of bitcoinity.org and bitcoinwisdom.com), and sometimes if I have a visitor, the computer display triggers us to begin to talk about bitcoin.  Most visitors will not ask too many personal details about my holdings, but some folks will come out with direct questions, like "how many bitcoins do you have?".. hahahahhahahaha...   

When I first got those kinds of personal financial questions, I stumbled a bit or I might have said something that was somewhat responsive, but later I realized that I needed a better and less disclosing response.  These days, I ultimately tell them how ridiculous is their question, and depending on the audience, the way that I say it will vary; however, almost all of them seem to understand that their question was not appropriate.  My most frequently recent response will be to ask them how much gold they have or how much money is in their checking account, and from my counter-question the vast majority will realize the inappropriateness of their question.  There are a few folks who do not get it, and most of them do not have any money in their checking account, so they are not sensitive to revealing their lack of money.    Go figure?  So probably, the more money (in this case bitcoins) you accumulate, the more prudent it will be to convolute your answers, if any, to those kinds of inquiries.

Right. Years ago bitcoin was just an almost useless and valueless curiosity, talking about it was the same as talking about the level of someone's player character in an online RPG (I do not play them, but I hear). Now it is in the same league as gold. I also tent to be cautious. Nobody I know in real life is aware of the fact that I have bitcoins (some may suspect), let alone how much. I had a few talks with my colleagues about crypto, but I never revealed that I have some coins.

[TERA2]

I told only my close relatives and my SO but my SO went and bragged about it to all their friends against my wishes.

[pacman7331]

Testing 7700 soon. 

[pfrtlpfmpf]

I told only my close relatives and my SO but my SO went and bragged about it to all their friends against my wishes.

Easy ! From now on, just say: Lost it all, boating accident, if necessary . . .

Anyway, when it goes down, they say: "it´s a bubble, sell it all".
When it goes up, they say: "where can i buy some, at 7/11 ? "

The opposite is just fine with me !

I mean, the money has to come from somewhere, No ?

[JayJuanGee]

There's a first rule of bitcoin, which is to talk about bitcoin, but don't talk about your qty of bitcoin.  

I have not heard of it before, probably I've been hibernating when it was mentioned first. It makes sense, however...

It is a theme that has been repeated in this thread to a decent degree through the years, and comes from fight club...   

I see, the first rule here is: never talk about the amount of BTC! I have missed it because I was dormant for a very long time. When bears rule, I find their habit of hibernating during (crypto)winter infectious 2017 was very invigorating, but now I have a feeling that going to sleep until 2019 may be a good idea. Maybe I'm wrong, but suspect that while almost everyone is waiting for a new bull season, there will be no bull season. And when almost everyone starts to think that there will be no new rise, a new pump will begin.

I am getting the impression that you are very skeptical about BTC, and perhaps you are correct that bitcoin might be in a long level of flat and downward trends - but your assumption is no where near a given.  This is not 2014/2015, so price dynamics could play out differently.. on the other hand, 2019 is not necessarily a long time to wait for price action, and it is only 9 months away.

If you are sensing that you may not want to study into bitcoin or accumulate or anything like that in the coming year, then likely you already have a BTC stash that you feel is sufficient in the event that BTC prices go up from here - and sure it is possible that you have other things going on in your life that you feel deserve more of your attention, as compared with bitcoin.

Other folks may be more inclined, during this particular possible lull period to continue to spend decent resources accumulating bitcoin, in anticipation that a upwards price run is going to take place, even if the upwards price run is not imminent, it will pay off to continue to reasonable make continued accumulation efforts during this period.

If you have a lower price point in which you will buy in such as $5k or $3k or even $1.5k, you may or may not get such opportunity to buy in at that point, but it is good to personally have some outline regarding where you would consider to be good buying opportunities and also to be sufficiently content if the price does not go down to your buy target points.

On the interwebs, you can get away with revealing a bit more about your BTC (or crypto or fiat) holdings, without punishment, unless you are hacked, of course. 

In the real world, you may be punished more if you reveal too many of those kinds of financial holding(s) details. 

By the way, I have a location in which I have several computers running bitcoin tickers from various angles (usually it is windows of bitcoinity.org and bitcoinwisdom.com), and sometimes if I have a visitor, the computer display triggers us to begin to talk about bitcoin.  Most visitors will not ask too many personal details about my holdings, but some folks will come out with direct questions, like "how many bitcoins do you have?".. hahahahhahahaha...   

When I first got those kinds of personal financial questions, I stumbled a bit or I might have said something that was somewhat responsive, but later I realized that I needed a better and less disclosing response.  These days, I ultimately tell them how ridiculous is their question, and depending on the audience, the way that I say it will vary; however, almost all of them seem to understand that their question was not appropriate.  My most frequently recent response will be to ask them how much gold they have or how much money is in their checking account, and from my counter-question the vast majority will realize the inappropriateness of their question.  There are a few folks who do not get it, and most of them do not have any money in their checking account, so they are not sensitive to revealing their lack of money.    Go figure?  So probably, the more money (in this case bitcoins) you accumulate, the more prudent it will be to convolute your answers, if any, to those kinds of inquiries.

Right. Years ago bitcoin was just an almost useless and valueless curiosity, talking about it was the same as talking about the level of someone's player character in an online RPG (I do not play them, but I hear). Now it is in the same league as gold. I also tent to be cautious. Nobody I know in real life is aware of the fact that I have bitcoins (some may suspect), let alone how much. I had a few talks with my colleagues about crypto, but I never revealed that I have some coins.

In one sense, it would make sense a decent amount of sense if you don't feel very passionate about bitcoin or very strongly about wanting to accumulate bitcoin, then you may well not be very invested in the concept (but only luke warm about it), so in that regard, it would make sense that you would not even feel any kind of inclination to share your knowledge with others because you merely view bitcoin as blasé.... and something that may or may not happen or some thing that may or may not be important.. and that is your viewpoint, which likely differs from guys who actively participate in forums like this one, even during down price periods.  For different folks, there are different strokes.

[Vlada69]

Calm before the storm...As much as I hate it...

[pacman7331]

HODL your liquor

[rafanadal]

Yup sadest bulltrap ever
5k is inevitable

[bakasabo]

Just for laugh, did you read this The World’s Worst Crypto Article of All-Time ?

Just take a short glance on 5 reasons author of the article wrote.

[BitExalt]

More and more people know about cryptocurrency, all circles are not excluded. there is no way other than HODL.

[_javier_]

manipulators are so obvious these days 

[blacky90]

So we are going to sub 5k soon?

[mike4001]

So we are going to sub 5k soon?

Well, it's basically a continous down-movement since January. it's very much possible.

Volume is far to low for it to rise again.

Maybe we can stay at 7k or we go down ... noone knows.

But you can be sure we won't go up any time soon.

[pacman7331]

So we are going to sub 5k soon?

Still bullish. Volume of sells doesn’t match our rebound of buys.

I can’t see if all the sells were in fact simply support being withdrawn to get a lower price and have shorts close? Could be another bear trap.

[Vlada69]

So we are going to sub 5k soon?

Still bullish. Volume of sells doesn’t match our rebound of buys.

I can’t see if all the sells were in fact simply support being withdrawn to get a lower price and have shorts close? Could be another bear trap.

We'll know for sure when Americans wake up. I hope you are right as they usually sell.

[Cassius]

Just for laugh, did you read this The World’s Worst Crypto Article of All-Time ?

Just take a short glance on 5 reasons author of the article wrote.

Yes, I saw this and thought it was hilariously bad on so many levels.

Hopefully with slightly more credibility, I'm updating the discussion on this from a couple of weeks back: http://telegra.ph/Double-Bubble-Analysis-update-04-03



The correlation has been pretty good so far and still appears to be on track. It will come unstuck sooner or later, of course (the beginning of the bubbles don't match, and the ends probably won't either). I'm still not sure whether $6k was the worst of it back in February or whether we'll see $4-5k again. Either way I'd think the downtrend's days are numbered.

[pacman7331]

So we are going to sub 5k soon?

Still bullish. Volume of sells doesn’t match our rebound of buys.

I can’t see if all the sells were in fact simply support being withdrawn to get a lower price and have shorts close? Could be another bear trap.

We'll know for sure when Americans wake up. I hope you are right as they usually sell.

They do often sell first. True. Support holds then buys come.

[conspirosphere.tk]

[vapourminer]

Some of the regulars on this thread are still holding their Bcash. If I were one of them, I would get rid of that shit on the next pump.
The writing is on the wall now.

I still have around 30% of my initial BCH but... the "next pump" never came!

No big regrets here. It was "free" money anyways.

i still have some bcashlol. sold most early on, but have a few on exchanges with various sell points, hoping another pump may wander along.

but youre right, i think its time to just dump em. might keep one just for the lulz, along with that pic of him screaming with the middle finger lol. classic.

anyway thanks for the free btc ver!

[vapourminer]

Something is happening in Canada. I don't know what it is, but I don't like it.

Rush concert?

sadly Rush is done with concerts