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

[buyandhold]

...
As for Microsoft pushing you to leave Electrum for Microsoft SafeLocker, it's an unavoidable part of the deal, but relatively harmless in my opinion.
...

[d_eddie]

I wonder how long my 21k page post will stay on page 21k.

If that's true why's my post moved back to page 20999?

Mine hasn't yet

[HairyMaclairy]

When my hairdresser knows what it is it's mainstream (and it's not yet).

Should have sold when my hairdresser told me about BTC in December 2017.

Why? You can never time these buys and sells again and again.
This game would play over a decade or a decade and a half (if one starts counting from 2013).
By 2023-2028 we will see how it shakes out.

Yeah I disagree.  I have managed to keep my stack size the same as it was in early 2017 but pulled out 5x my original investment since the December peak.  I will start putting my profits back in in January 2019.  

I have stopped believing in timing for day trading (I chart for fun and to refine my skills) but I strongly believe in timing over multi year intervals - driven by the halvening cycle.  

There's a point in which you might change your plan, right?  What if the price goes above $10k or even $12k or even $15k before 2019?  Wouldn't you get nervous about your plan to buy not playing out how you anticipated?  There would be a price point that you would have to reconsider if the market seems to be going against your expectations, right?

I recall when BTC dipped for the second time (wasn't it second time in the $6k arena, and then you said that you thought that you were done trading because you expected that "the bottom was in"... Subsequently BTC prices bounced back down or at least failed to break abvoe $10k and went down to its so far lowest point of about $5,777.  So at some point you changed your plan, and you sold and you are expecting DOWN.. that might not play out.   I certainly don't know, but I cerainly am not making any major sell moves, even though I feel sufficiently prepared to buy down to below $1k, if necessary.. even though it is also possible that we might not see sub $5,777 coins, ever ever again... possible, right?

Yes I said I was done trading in the $6k - $10k range.  I picked up a little bit when it went sub $6k for a few days but otherwise have held to that.  

I haven’t sold anymore, what I have now is profits leftover  from selling @ $13.5k and $11.5k and rebuying the same amount @ $6k - $7.2k plus a tiny bit more at $5.8k.  Some will have to go to taxes and the balance can be used to increase my holdings.

With any luck I hope to increase my pot by 50% this halvening cycle. It would be more but taxes cut hard into the profits due to low cost base.

It is possible that the price will go up before early 2019 but I am fairly confident that it will not.  At the worst I still have my original BTC balance so I am fully hedged against the upside.   I know people like to split early 2013 and late 2013 into separate bull markets but I think that is a mistake.  

To me 2013 was a single market just like 2017 was a single market.  2013 matches 2017, 2014 matches 2018, 2015 matches 2019, 2016 matches 2020 and 2017 matches 2021.   This means both 2018 and 2019 should be dogs with the bottom sometime between January and September 2019, maybe right after we get a second death cross on the weekly or when we finally break the exponential trend from 2012 downwards (as we did last cryptowinter).  

[HairyMaclairy]

[Hueristic]

INFP-T Mediator
Couldn't help but wonder who might be collecting these results.

Thats usually my line of thinking, I may be slipping. Or lying.

https://www.ccn.com/breaking-worlds-biggest-stock-exchange-operator-is-launching-a-bitcoin-market/amp/

Taking bitcoin mainstream

Definition of a bear market:  stupendously good news doesn’t move the needle.

That tells me those that are buying already knew this.

Mixed news at best:
http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/
Sprecher’s plan for bringing crypto to the masses runs contrary to what Bitcoin supporters typically champion. The purists favor Bitcoin’s “distributed” architecture, and adamantly oppose putting a big exchange at the center of the both the Bitcoin investment and payments systems. “A regulated exchange with a custodian in the middle contradicts the basic idea of Bitcoin,” says Abhishek Punia, a crypto-currency analyst with venture capital firm Draper Associates. “Bitcoin was designed to be decentralized, without intermediaries taking fees. A regulated exchange may be popular for a short period of time, but it’s not the future. The future will be the original idea of a peer-to-peer network.”
...
“Bitcoin can’t survive as a rogue idea,” he [Sprecher]says. “To evolve, the cryptocurrencies need to run on established infrastructure. They need the trust and rules that have been built into our financial system for many years. They need the kind of trust that the Big Board represents.”

All that, and the coffee is foul.

Meh, more future derivatives? More excuses for whales to short this shit to the ground. 

They just want to change it to what they can control and profit from, occam's razor. Their control will fail but they will affect price and profit from their manipulation in the mean time. In the end it will just strengthen the network.

The time has come for micgoossens for a well earned sleep....
And to wake up @ a new WO milestone of reaching 21k pages
Where is the party ?? Another reason to get totally fucked up tomorrow and have a few drinks on WO pages Just missing BTCparity with it    

yeah, uh

you fuckers made over 100 pages in the 2 weeks I was gone...makes for some pretty stiff reading to catch up, 40 or so to go

You know your an addict when...

[jonoiv]

 

good one!

[HairyMaclairy]

Quote from 24 hours ago - expected bounce off EMA.

Prediction:   Price to bounce off EMA

Bonus prediction:   If it gets as high as the resistance line it will bounce straight back down again.

Bonus plus prediction:  price will remain in channel between EMA and downward resistance until at least the end of the weekend

Quote from 10 hours ago when bounce off EMA failed.  

EMA failed to provide support.  Price failed to bounce off EMA as expected.  Bearish cross coming.

Now:  downward trend continuing, consolidation below EMA.  Chart is starting to look like a diseased dick.

[Protonem]

You are soul mate. Without you we won't become more popular and mainstream to be choosing.
Cheesy

[Torque]

Eh, you sell it when you need it. Not before. Happy 21k posts everyone!

Bought bitcoin at $370.

Didn't sell at $1200 top. Also didn't sell at $19K top.

*Looks at current price*

#stillfuckingwinning

Will still buy bitcoin today and in the future

[El duderino_]

Eh, you sell it when you need it. Not before. Happy 21k posts everyone!

Bought bitcoin at $370.

Didn't sell at $1200 top. Also didn't sell at $19K top.

*Looks at current price*

#stillfuckingwinning

Will still buy bitcoin today and in the future

Same action right here ..... buy put in safe storage and let it be resting 

[Gyrsur]

Eh, you sell it when you need it. Not before. Happy 21k posts everyone!

Bought bitcoin at $370.

Didn't sell at $1200 top. Also didn't sell at $19K top.

*Looks at current price*

#stillfuckingwinning

Will still buy bitcoin today and in the future

Same action right here ..... buy put in safe storage and let it be resting 

[LFC_Bitcoin]

71xx

Fuck off!

[HI-TEC99]

71xx

Fuck off!

70xx

[_javier_]

these healthy corrections make me sick 

[criptix]

EMA failed to provide support.  Price failed to bounce off EMA as expected.  Bearish cross coming.

The #rekt is real 

[vroom]

[LFC_Bitcoin]

And we’re below $7,000 again

[rafanadal]

Back to 6xxx

all that progress...erased, it's like nothing happened.

[B1tUnl0ck3r]

rotfl .



Who did it? and why? what is going on?

[El duderino_]

So its back to weekend dumps...... mmm So the only good news for This evening is that there Will be GOOD foods and lots of booze  and me my girlfriend and two skeptics When comes to BTC So No coin talk there