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

[d_eddie]

bitcoin is fucking dead
i believe it will go sub 2k soon

You are way too optimistic. It's headed to sub $1k levels.

Sauce?

Some very adcanced and complicated techincal analysis and mathematical methods which I can't disclose their names in a CIA infested forum like this.

Onto the ignore list you go

You got trolled, bro.  

Yes. It seems like mindrust omitted an /s mark that looked superfluous. It wasn't.

[mindrust]

Yes. It seems like mindrust omitted an /s mark that looked superfluous. It wasn't.

Where is the fun If I put an /s every time I decide to troll. No. That's not fun.

Fun is making you doubt.

[serbad]

Yes. It seems like mindrust omitted an /s mark that looked superfluous. It wasn't.

Where is the fun If I put an /s every time I decide to troll. No. That's not fun.

Fun is making you doubt.

Game.

[d_eddie]

Yes. It seems like mindrust omitted an /s mark that looked superfluous. It wasn't.

Where is the fun If I put an /s every time I decide to troll. No. That's not fun.

Fun is making you doubt.

This. I wouldn't have /s'ed such a post myself, either.

[JayJuanGee]

my father is maybe one of the worst .... is as long in BTC as myself  never said anything good from 250-300 to 1500 allways bad feeling lot of sell offs ... than still with a very healthy amount in the bull rally to 20k "nothing is better than BTC" ... didn't sell a lot @ that time LOL     price goes down and panic sell offcourse around 8000-9000 lot off sideways from there and yesterday after the recent DIP he was sitting in the office chair saying to my brother BTC will never go back to higher prices and its finisht and.....

for many in here do not be my father in the BTC story   i am happy i am the biggest BTC bagholder @our place

You 're not alone... .

What I find freaking scary is that waiting for the now daily dump. And I have run out of fiat surplus that I had from the peak... . So my buying power is very limited. Dugh.

1) As far as family goes, I have several members that I have discussed bitcoin, since around $400 in late 2014, and really only one got in, in a kind of tepid way.  Other family members dabbled and even did not do very well with their methods... that deviated considerably from the methods that I suggested.  Even the one person who complied the best with my suggested method (with some deviation) did the best of the group by investing a mediocre amount.  Largely cashed out the whole of the investment, plus a bit.  Still has a considerable number of bitcoins (playing with house money... hahahahahaha).  The house money bitcoins is the most valuable of any of the person's investments, including real estate and 401ks, blah blah blah... Funny how it works out.

2) regarding running out of fiat. I kind of understand that position, but I don't think that it is a good practice to run out of fiat... If there is any cash flow coming in, then that fiat can be saved.. just in case there is more dip... On the other hand, there could be some luck that this largely $6500 support will hold or at least support at $6k will hold.. I tentatively believe the odds are a bit less than 50/50 for holding... but as we all know, we have already had about 3 or perhaps 4 tests of this price arena... and support does seem to be pretty strong around this area... which kind of makes the breaking of support scenario to be a bit more scary, if it were to happen.  Personally, I would rather NOT have to use any more of my fiat to continue to buy BTC on the way down.. so I would be perfectly happy with this price area holding.  Currently, I have pretty solid buy orders down to about $4k, but I would likely have to scramble if prices were to go below $4k to think about and to consider how to set up my buy orders with the current fiat reserves that I have.  Probably, I am not going to set up those buy orders until the price goes below $6k (that is if it does go below $6k.. so, certainly, I am in a kind of "compelled to watch" position right now.. and nervous for me an likely a lot of peeps - understandably especially for those who have already completely run out of fiat).

[JayJuanGee]

i don't at all doubt that you are well off.  You have been posting in this thread for some time now.  I am happy to hear that you are satisfied with the car you have chosen to carry you through this life.  I am looking for advices of the kinds of car that the bitcoin folks recommend (aside from the cliche laMBo!). currently drizing a handa CR-V.  Your thoughts appreciated!

What's the budget?

Hahahahha

it is doubtful that Junck dee monkey has any actual "budget" and seems to be merely playing with WO peeps with attempts at distraction topics.

[Wekkel]

I do not know about you but I see 'opportunities'.... 

[blacky90]

I do not know about you but I see 'opportunities'....  

what does this mean?

bitcoin is oversold?

[Ludwig Von]

2) regarding running out of fiat. I kind of understand that position, but I don't think that it is a good practice to run out of fiat... If there is any cash flow coming in, then that fiat can be saved.. just in case there is more dip... On the other hand, there could be some luck that this largely $6500 support will hold or at least support at $6k will hold.. I tentatively believe the odds are a bit less than 50/50 for holding... but as we all know, we have already had about 3 or perhaps 4 tests of this price arena... and support does seem to be pretty strong around this area... which kind of makes the breaking of support scenario to be a bit more scary, if it were to happen.  Personally, I would rather NOT have to use any more of my fiat to continue to buy BTC on the way down.. so I would be perfectly happy with this price area holding.  Currently, I have pretty solid buy orders down to about $4k, but I would likely have to scramble if prices were to go below $4k to think about and to consider how to set up my buy orders with the current fiat reserves that I have.  Probably, I am not going to set up those buy orders until the price goes below $6k (that is if it does go below $6k.. so, certainly, I am in a kind of "compelled to watch" position right now.. and nervous for me an likely a lot of peeps - understandably especially for those who have already completely run out of fiat).

I learn a lot from you JJG, but as every apprentice I do make mistakes.  Hoping to not repeat them, which is the hard part!

[JayJuanGee]

Price evolution from here...

Your squiggly lines do look nice, toknormal... and they look reasonable too, with a possible additional 40% price dip from here until early 2019 - yet I doubt that bitcoin is as reasonable as you anticipate it to be.  Accordingly, the FUD spreading aspect of your chart remains.. as STRF asserted.. furthermore, even though you could get lucky and end up correct in your prediction, you seem to be asserting that it is going to take a bit over 2.5 years to again break above ATHs...  I am leaning with STRF in concluding that you are leaning more bearish than warranted.  Time will tell, correct?

TA for Bitcoin doesn't mean dick.

Tell that to the traders painting those charts.

Nothing other than T/A means "dick" when it comes to bitcoin. Fundamentals get priced in years in advance. Once that's done, all manipulation trading is done on buy & sell signals. Market doesn't care about direction. It makes money on the way up. Makes money on the way down. Hodlers are the only people who care about direction.

Hahahahahahaha.. .Here you show your stupid-ass obsession with TA in bitcoin...

Actually, I agree that good traders make money on the way up and down (or at least they figure out ways to take advantage of volatility), but that mere fact does not mean that either TA controls or that TA is not used to sucker less experienced traders into selling when they should either be holding or buying.

[Wekkel]

what does this mean?

bitcoin is oversold?

It means potential oversold on the weekly. But you can also say it is catchin' falling knives. Price could drop $1,000 in an instant now but the very broad perspective presented in the chart may lessen our current fears.

[yefi]

This means:

1. register on Bitmex
2. deposit bitcoin
3. choose at least 10x leverage and go long (right now at $6500)
4. get your bitcoin doubled when bitcoin reaches $7500

That sounds like it will put the guy in diapers. He can't handle Bitcoin's ordinary volatility, let alone 10x.

[El duderino_]

Massive buying “session winning in progress “ luckbox day    

[JayJuanGee]

Look. Descending triangles.

TA for Bitcoin doesn't mean dick.

It's all butterflies flapping their wings, and shit, in different parts of the world, man.

So true!

You can’t base trends from the conventional fiat trading world on bitcoin. Bitcoin is still a new animal, it hasn’t been harnessed & controlled (fully) for hundreds of years by bankers & governments like regular stocks & bonds.

Trade based on TA & triangles, pretty graphs etc at your own fucking peril.

Buy & HODL for a good few yesrs, it’s the only way (imo) to pretty much guarantee profits, big one’s too.

I largely agree that Buy and HODL can be a very profitable strategy in bitcoin; however, I personally believe that skimming a little bit on the way up is a more prudent strategy to insure yourself from some of the downside risk and to psychologically help during the likely inevitable weak hands shaking out periods that can last much longer than expected.

On the hand, I get a little bit perturbed by toknormal and some of his ilk who seem to be suggesting a kind of downside inevitability that likely scares folks into making bad decisions by either selling or failing to buy... They have been so wrong in the past, too, but still they like to spin their more downside TA theories without really acknowledging how frequently they have been wrong in the past and failing to account for the exponential price s-curve dynamics that could cause their TA to fail to account for their projected TA dip not to materialize in the real world.

[jbreher]

fuck this shit! i sold everything at $6480

Too bad, so sad.

Can it go down further? Perhaps. Will it? Maybe. But sure as shit, it'll come roaring back, and you'll be out in the cold.

Hell, we were at this level just two months ago. Grow some stones, ninnies.

[BTCMILLIONAIRE]

fuck this shit! i sold everything at $6480

Too bad, so sad.

Can it go down further? Perhaps. Will it? Maybe. But sure as shit, it'll come roaring back, and you'll be out in the cold.

Hell, we were at this level just two months ago. Grow some stones, ninnies.

Did you nibble on some of the wrong mushrooms on your bearish adventures?

[PoolMinor]

I largely agree that Buy and HODL can be a very profitable strategy in bitcoin; however, I personally believe that skimming a little bit on the way up is a more prudent strategy to insure yourself from some of the downside risk and to psychologically help during the likely inevitable weak hands shaking out periods that can last much longer than expected.

On the hand, I get a little bit perturbed by toknormal and some of his ilk who seem to be suggesting a kind of downside inevitability that likely scares folks into making bad decisions by either selling or failing to buy... They have been so wrong in the past, too, but still they like to spin their more downside TA theories without really acknowledging how frequently they have been wrong in the past and failing to account for the exponential price s-curve dynamics that could cause their TA to fail to account for their projected TA dip not to materialize in the real world.

I believe this is the last drop before the next bull run. Be careful though, the next bull run will likely end just as quick as it began. My immediate forecast is a doubling from the current price over the next 37 days. Followed by a 6-8 month decline that resembles 2014-2015.
But I seem to be correct only 53% of the time unless you count the last 3 predictions. April 6, Mid-May, and June 10.

https://bitcointalk.org/index.php?topic=178336.msg37618728#msg37618728 if you quote it, you will see the message after the last period.

[JayJuanGee]

I think the pain is just beginning.

And here I thought I was a waffler..     That was less than a hour for a 180...   Thats pretty good even for WO standards.  /s

I posted the HODL meme for emotional support for all the HODLers because it was looking bad. Bad financial advice? Probably.
However, I was a bear yesterday, and am a bear today.  

This will be my first publicly announce without minus merit distribution... .. which negative goes to bear converts (even if merely a temporary status).

[Rosewater Foundation]

I largely agree that Buy and HODL can be a very profitable strategy in bitcoin; however, I personally believe that skimming a little bit on the way up is a more prudent strategy to insure yourself from some of the downside risk and to psychologically help during the likely inevitable weak hands shaking out periods that can last much longer than expected.

On the hand, I get a little bit perturbed by toknormal and some of his ilk who seem to be suggesting a kind of downside inevitability that likely scares folks into making bad decisions by either selling or failing to buy... They have been so wrong in the past, too, but still they like to spin their more downside TA theories without really acknowledging how frequently they have been wrong in the past and failing to account for the exponential price s-curve dynamics that could cause their TA to fail to account for their projected TA dip not to materialize in the real world.

I believe this is the last drop before the next bull run. Be careful though, the next bull run will likely end just as quick as it began. My immediate forecast is a doubling from the current price over the next 37 days. Followed by a 6-8 month decline that resembles 2014-2015.
But I seem to be correct only 53% of the time unless you count the last 3 predictions. April 6, Mid-May, and June 10.

https://bitcointalk.org/index.php?topic=178336.msg37618728#msg37618728 if you quote it, you will see the message after the last period.

Another big drop coming tonight. I'm calling it.

[JayJuanGee]

fuck this shit! i sold everything at $6480

liar, liar pants on fire.

bitcoin is fucking dead
i believe it will go sub 2k soon

Oh?  And, here is where we see your true motives for disclosing your supposed selling at the bottom to attempt to 1) spread FUD and 2) hope prices will go down (whether you are being paid to spread such nonsense or talking your book).

bitcoin is fucking dead
i believe it will go sub 2k soon

You are way too optimistic. It's headed to sub $1k levels.

Get the fuck out of here with your own level of optimism musty rusty....   For sure, it's going below $250 from here, and reason is that it has to go back to the price from which the bull run started in late 2015.  Any higher would not be a solid enough base.  Don't u know nuttin?  

I guess he invested more than he could afford to lose. 

Even though BTC prices are up 3.5x from this time last year, and up 26x late 2015, there still is only so much tolerance for FUD spreading... because these are stressful times, even when BTC prices remain decently good... there remains some eagerness to resume the bull run.... and perhaps even some sentiment that the longer BTC prices are down, the longer it takes to resume the bull run, and also gives greater credence to FUD spreaders and bitcoin naysayers.