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

[d_eddie]

I just wired some money to Kraken. How long does that usually take, for a domestic wire transfer?
This will be my largest purchase since 2015. Hopefully there's more blood soon.

I feel good to see this kind of optimism here. I have some fiat ready in a exchange just waiting for the bloodbath too.

Wall observer could save a lot of newbies and weak hands if they could find it.

WO is easy enough to find.
Newbies will be newbies.
Weak hand will be weak.
It can't be helped, not even by the Mighty WO thread.

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[JayJuanGee]

I think if someone tends to selling btc now is the same as buying between 18,000 - 20,000$.

RSI is now near the oversold levels and showing some indication of reversal, so what do you waiting for..just grab some btc now and thank me later

All of the standard indicators that you have access to with commercial trading tools are going to be largely useless. After all, the people who create those types of indicators already have them priced in whilst also having much more sophisticated algorithms to raze down the hordes of people that use the publicly available indicators.

Yeah right....


Do you really believe what you are saying?  The "sophisticated players" know based on more sophisticated tools that are going to tell them?    Right.   

The "Sophisticated" tool is brutal force, no?

I am NOT opposed to the idea that there are people who have a lot of tools and experience at their disposal, but BTCMILLIONARE seemed to had framed the topic in a kind of defeatist way.. as if their are folks who are "smarter" than the rest of us and we are engaged in a losing battle in comparison to them.   Seems like a BIG ass myth to me, especially the way that BTCMILLIONARE framed the subject matter.

I do agree that there are a combination of factors out there, including TA, manipulation and FUD.. and surely "the trend is your friend" so "brute force" as you mentioned is going to be more effective when there is some trend that is favorable in order to get prices past some of the support levels.  Whether they can maintain down or keep down could be another story. 

It seems likely that sometimes, even the Whales run out of ammunition because in the end, if they are willing to spend coins to continue and maintain a direction (such as down), frequently they would prefer to use as few of their own coins as they can in such process, so they rely, to a considerable extent, on other peeps panicking and selling their coins.. And peeps will panic and sell until they won't, which can be difficult to measure, but I would expect some of the BIGGER and more active whales to have a better grasp upon whether they are running out of coins, then many of us regular peeps.

[ThePunisher49X]

Do you think Mcafee will pay this reward in crypto?

[jojo69]

woooooo

big spender there John

I'll get right on that 

[JayJuanGee]

Actually, sad to say, this could be true.

It is possible that BTC price trend may have gone from a mere correction into a bear market.  Only time will tell, but it is more reasonable to make a "bear market" assertion now, as compared to previously, especially when posters here were making such "bear market" assertions in January, February, March, April, May... which would have all been premature assessments... so even though they may have been correct that BTC transitioned from a correction into a bear market, if such new status is true, then it has only recently happened (and bear market is still not a given).

Yes, and I really am not convinced by the reaction from support on this dump. I suspect that we may see another test for lower. 

There was a 94% decline in 2011. So we may still fall to around $1000.

O.k.. sure.. but what are the odds?  less than 1%, even with the latest downwards price pressures?

[flashbit]

https://deadcoins.com/

first page - Displaying 1 - 50 of 818

just 1600 more to go

all altcoins are worthless scams - deal with it and exit

what's funny about your link is that they created their alt... CoinJanitor tokens

[LFC_Bitcoin]

https://deadcoins.com/

first page - Displaying 1 - 50 of 818

just 1600 more to go

all altcoins are worthless scams - deal with it and exit

what's funny about your link is that they created their alt... CoinJanitor tokens

Oh shit, do I need me some of those CoinJanitor tokens?
They could be worth millions, one day right?

 

So many shitposting assholes on this forum

[JayJuanGee]

I see LTC at 76 bucks, been adding slowly on the decline and that's a nice cheap price.  Try to buy LTC at Coinbase, error returned "insufficient funds".  Hmm that's strange.  Check my bank, Chase, and the account.  Funds are there.  Try to transfer some more in because I want to buy a bunch.  Cannot transfer "site is under maintenance"  Hmm, never seen that before.  Decide to try to use some BTC to buy LTC as the rate is nice. 

I am not sure why you feel some kind of necessity to get into details about your LTC matter in this BTC thread?  Aren't you off topic and in the wrong place?

[jojo69]

I am not sure why you feel some kind of necessity to get into details about your LTC matter in this BTC thread?  Aren't you off topic and in the wrong place?

CHEAP HOT ALTS

GIT YER CHEAP HOT ALTS HERE

[flashbit]

https://deadcoins.com/

first page - Displaying 1 - 50 of 818

just 1600 more to go

all altcoins are worthless scams - deal with it and exit

what's funny about your link is that they created their alt... CoinJanitor tokens

Oh shit, do I need me some of those CoinJanitor tokens?
They could be worth millions, one day right?

 

So many shitposting assholes on this forum

who are you talking to ?

ask him(them), I don't give a fuck with that coin

[LFC_Bitcoin]

https://deadcoins.com/

first page - Displaying 1 - 50 of 818

just 1600 more to go

all altcoins are worthless scams - deal with it and exit

what's funny about your link is that they created their alt... CoinJanitor tokens

Oh shit, do I need me some of those CoinJanitor tokens?
They could be worth millions, one day right?

 

So many shitposting assholes on this forum

who are you talking to ?

ask him(them), I don't give a fuck with that coin

Talking to you....about the person who invented that shit coin.
Wasn’t calling you a shitposter, relax.

[xhomerx10]

Do you think Mcafee will pay this reward in crypto?

 What's the difficulty in figuring that out?  It's clearly Josh Brolin fro~



...I mean, ah... I have no clue! I've never seen that person before in my life; could be anyone!

[flashbit]

Talking to you....about the person who invented that shit coin.
Wasn’t calling you a shitposter, relax.

OK sorry @LFC_Bitcoin, I read too fast.. (I think I need my wife to come back from Italia:)

[JayJuanGee]

I've decided not to watch myself go poor anymore. Good luck everyone

Doesn't make any sense to sell now even if its headed to sub $4k. I'd rather hodl (and buy more) than sell from these prices. Not selling shit before I see another ATH. (or $9k at least;))

I agree with your overall sentiment; however, I personally think that it is erroneous to get caught up on strict scenarios of "not selling any BTC until x price." 

You can actually profit more and support the BTC ecosystem by engaging in a practice that causes you to sell more than you would have... so for example, you had planned to buy $1,000 worth of BTC every time the BTC price drops $1k, but instead you revise your plan to buy some larger amount, such as $1.5k for every $1k drop in BTC price.  Thus you have authorized yourself to engage in additional speculation that causes you to stock up $500 extra in BTC for every $1k drop, and therefore you have any of those extra BTC that you could thereby feel free to sell at any price higher than your purchase price (including fees, of course), and you may chose to sell at 10% intervals or some other reasonable range that suits you.. and those are over-leveraged BTC, so you therefore, you have no problem in selling them and generating yourself a bit of extra income. 

Of course, with any kind of over leveraging you have to be careful to remain within your means.. and don't go too far and expect that you could get trapped for an extended period of time and not be able to sell the extra BTC because of additional and unexpected downward BTC price movement.

[LFC_Bitcoin]

Talking to you....about the person who invented that shit coin.
Wasn’t calling you a shitposter, relax.

OK sorry @LFC_Bitcoin, I read too fast.. (I think I need my wife to come back from Italia:)

Mine’s in bed next to me, snoring!

 

[JayJuanGee]

There was a 94% decline in 2011. So we may still fall to around $1000.

yup

started mining btc in 2011 when it was like $5 USD. watched it go to around $35 USD. then drop for a long time to around $2.50 USD. then back up. then back down. then back up. then...

rode it out then, ill ride it out now. moon or bust i figure. anything in between is for cowards.

Understood. The decline in 2014-15 was only 80%.

I know many hodlers from 2011 sold huge amounts at $200 in 2013.  $1000 seemed like moon to them then, and would be a healthy correction now.

I don't think it will get that low myself, but can certainly see $2k-2.5k being very possible. The number of traders, hopers and buyers on the way down will limit the pace of the decline, so plenty of time to get out now, and plenty of time to get back in. I wouldn't wait for $2k, because that might be very brief, but buying back at $3k gives some opportunity for profit on a 1-2 year view.

Personally, I'm not brave enough to short it, because nothing is certain.

I agree with what you are writing here, except for your seeming attempt to get peeps to sell now (persuade? or protect?  of course, you would assert that you are attempting to "protect" poor little naive BTC HODLers) and asserting that there is "plenty of time to get back in."

[JayJuanGee]

Doesn't make any sense to sell now even if its headed to sub $4k.

I don't totally agree with this, obviously.
But good luck.

Funny story. I was mumbling to Rick just earlier today about "Well, if we're in a fucking bear market, maybe I should sell some Corn and re-buy when it goes lower."

Price was dropping down to $5,800 when I grumbled that.

Rick's all like "Fuck that man. You're retired. Your stack is too high. Don't risk it."

I shit you not.

30 minutes later, big-ass spike back above $6k.

You can all thank Rick for me not doing something stupid, like taking a dump, I guess.

You sound like a weak hand when you are seriously contemplating those kinds of moves.

Accordingly, it seems that we are not going to be ready to resume up until you (and similar peeps) dump a few more corn. Surely, I would prefer sooner rather than later, but I understand these dynamics can take a while to play out and seems that maybe the sufficient pain to cause sufficient weeding of weak hands comes at $5k - or a bit below that? 

[smartcomet]

Interesting thought from twitter
https://twitter.com/ChristopherA/status/1010994379434016775

I would like a Lightning Network service, where I can establish a channel to fund pinning of IPFS objects—satoshi are paid regularly when the service proves that it is pinning the object. Bonus to increase trustlessness & privacy. Would be great for BTCR DIDs. Who needs Filecoin?

[ThePunisher49X]

Do you think Mcafee will pay this reward in crypto?

 What's the difficulty in figuring that out?  It's clearly Josh Brolin fro~



...I mean, ah... I have no clue! I've never seen that person before in my life; could be anyone!

Somebody already reversed google image searched him and it turned out to be Jared Leto.


https://twitter.com/TRHLofficial/status/1011021702170542080

[jojo69]

meh

I was poor when this whole thing started.


I'm pretty good at it.  I can do it as long as it takes.