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

[theymos]

The market activity sure is interesting... Lots of volume.

Why the hell isn't XRP tanking like others?

XRP is a centralized fiat currency sort of like USDT, so you'd expect it to behave differently from real cryptocurrencies.

[Kylapoiss]

I appreciate the recognition; however, during times like these, it is difficult for anyone to feel smart - even while the alt coins seem to be faring worse than bitcoin.

....

No worries mate, you gave me my first merit as well, thanks for that too!

Look at me now, all grown up, wearing the hat and looking important 'n' shit.

Now you two don't get all teary eyed at each other while the rest of us are staring at a bloodbath of the market.

We even had a fight shortly after that, I guess we are making up now

[empowering]

DOOOOOOOOOOOOOOOOOOOOOOM!

Shit is getting exciting  

[realr0ach]

Anyone who sells beyond this point is going to cry.

People have been saying the same thing since 15k

Show me those people? Everyone here with a brain understood that after a pump to 20k it will come down to at least 6-8k with dips even lower.

Everyone in the thread claimed it was going to go from $20k to $100k except me + tera.  Then someone started threatening Tera with death threats for being "too bearish" and he/she got all upset and left lol.

[cAPSLOCK]

The only thing that goes up is Lightning  

 

I hate to sound paranoid... but it's hard when the world is burning like this... but...

Has anyone considered this could be the overture to an attack?

[Kylapoiss]

Anyone who sells beyond this point is going to cry.

People have been saying the same thing since 15k

Show me those people? Everyone here with a brain understood that after a pump to 20k it will come down to at least 6-8k with dips even lower.

Everyone in the thread claimed it was going to go from $20k to $100k except me + tera.

Not in January-February they didn't, maybe some had delusions in December. I'm lazy to go back and check.

[jonoiv]

Anyone who sells beyond this point is going to cry.

People have been saying the same thing since 15k

And that is very true for those who bought at 19k. Or it will be, in a couple of years.

Either you know how to trade or you hodl. Anything else and you lose your coins.

and those that brought at 19k will have hodled all the way down and are about to sell now,  ready to buy back at 21k.  And so the cycle repeats again.

[pönde]

The only thing that goes up is Lightning  

 

I hate to sound paranoid... but it's hard when the world is burning like this... but...

Has anyone considered this could be the overture to an attack?

Which one? The rise of LN or crash of price?

[empowering]

The only thing that goes up is Lightning  

 

I hate to sound paranoid... but it's hard when the world is burning like this... but...

Has anyone considered this could be the overture to an attack?

By whom?

[goldkingcoiner]

Anyone who sells beyond this point is going to cry.

People have been saying the same thing since 15k

Show me those people? Everyone here with a brain understood that after a pump to 20k it will come down to at least 6-8k with dips even lower.

Everyone in the thread claimed it was going to go from $20k to $100k except me + tera.

It is. If you hodl for years. That time is still coming and most experienced coiners know it. But any trader understands that what goes up must go down. And these ups and downs take a long time. Most people think bitcoin is something that will go from $1 to 20k and then down to 5k and back up to 100k in a week. But thats not how it works. Not even Bitcoin is that volatile. Sit on your shakey hands for now.

[cAPSLOCK]

2.  Many people in the media, and many sheep actually BELIEVE CSW is Satoshi, or "part of Satoshi".  That level of uncertainty is powerful.  When he starts proclaiming that BTC is doomed and he is going back to *his(lol)* old design with BSV then these "believers" will dance to his music, run for the hills, or just hedge. This equals selling pressure.

I like you post overall, but this point I take much exception with.

Define "many people" who believe he is Satoshi. There is zero evidence to support that we're talking more than a few dozen people, if that. Worldwide. If that.

The MSM, Twitter, YouTube and all the fake sock puppet accounts on many forums can make it seem like such belief is widespread, when it's not in the slightest.

You could be right it's sock puppets on twitter reddit and even here to some extent.  But he SEEMS to have (to my strong amazement) a fair amount of people who at least think he COULD be Nakamoto...

As to MSM, Wired comes to mind.  

[goldkingcoiner]

4,7k. We are going to 3k. This is your captain speaking! Prepare for crash landing! Head under your seat, hands up your ass, life raft not available for economy passengers! GOOD LUCK

[gembitz]

$4,800 broke and is falling quickly.

$1337 doable :-D *poof!*

[El duderino_]

My mate suggested me to get into bitcoin in the end of 2012, though it seemed too "niché" back then and I didn't take his advice, forgot about it totally. Had pretty busy life in general that time so had no time to really think it over. In late 2013, just before the Mt.Gox fiasco, I stumbled randomly on a bitcoin article, which grew some interest in me. Didn't buy any yet though, just started keeping an eye on the price and where it could go. Found this forum too, but came here only to read without an user. Then came the big Gox pump, when it really got my interest. Started buying around $600 down to $200's, got my stack pretty big and was planning to firmly HODL. In 2015, real life problems hit me straight in the face and had to sell almost everything (the amount was in 3 digits), leaving me just with 1BTC, which I sold in 2016 as I had lost faith in many things, didn't keep up with the price much anymore either.

Got my shit together and got back in the game in September 2017 after the summer pump, bitcoin came all over the news then as well. Had almost forgotten about it completely, guess I was still missing my precious coins from 2015. Started buying alts at first, with some minor trading back and forth and made pretty good profits with them. I was still more into alts when I started being more active here and registered this account, JJG was actually the one who kicked some sense into me and suggested I'd stop the alt nonsense. Been accumulating slowly since then, won't make the same mistakes like in the past. Now I'd move back with my parents before I sold my coins

I appreciate the recognition; however, during times like these, it is difficult for anyone to feel smart - even while the alt coins seem to be faring worse than bitcoin.

Even though frequently information shared on forums are merely springboards to assist our own thinking (hopefully in the right direction), internet personas can go all over the place in their thinking and what information they are pumping. - so you have to kind of take each internet persona (even if they have built up some credibility) with a decent grain of salt.

I actually give some credit to an internet persona who was spouting out all kinds of bullish bitcoin information in late 2013 to sparking me into my taking action.  In September/October 2013, I was switching around some of my investment mechanisms, which actually caused me to look into gold, PMs and also index funds.  Bitcoin was on my radar as something that I would look into later, so I made a few investments into index funds, and began a kind of dollar cost averaging plan to continue to invest into those index funds in the coming years, and I just could NOT get myself into gold, so when the guy was spouting off about how BTC had made him more than 10x when the price went from $20 to more than $200, yet the correction back down to $75 and then currently in about the $600s, had caused him about 30x, which caused me to consider diverting the amount that I was dollar cost averaging into index funds into BTC, instead.

Anyhow, the guy who got me started became jaded about bitcoin in about early 2015, and was buying into a lot of the flippening arguments, the various superiority of other coins arguments and including spouting out the so many ways that bitcoin supposedly sucked.  So it got to be a bit much for me to tolerate in terms of interacting with his ongoing spouting out of nonsense.  I never really thought that he was much of a genius because he had merely gotten lucky by accumulating a decent stash of bitcoin below $20, and surely he made mistakes along the way, but sometimes the extremes in the strategy and getting caught up in the nonsense spouting off lines of the alt coin pumpers might allow for some getting rich (if you get lucky), but tends to cause a lot of stress because 1) the talking points are changing so  often and even frequently self-contradictory and 2) there seems to be a decent need to keep moving around your investment and your strategy, including adopting some kind of lame framework that attempts to justify diversification in other coins, when bitcoin already sufficiently adds up to sufficient diversification - especially if you can realize that you are diversifying against various other traditional investments - not  within crypto based on baloney misinformation about dumbass pump and dump projects that don't really add much if any differentiation from traditional investments.

No matter what our individual investment strategy(ies), currently, there seems to be some trying times ahead, at least in the next week or so... perhaps longer... hopefully we are going to spring out of this before the end of the year, otherwise the longer winter period might end up becoming true for bitcoin causing difficulties getting out, even within the next 6-12 months... which means that the 2014 scenario ends up being more true than the 2013 scenario... ... which seems more likely during extra dipping times like these (especially this past week).

NOOOO!!! not during this kind of DIP that kind of huge walls of TEXT   

[egyptian magician]

I'm almost afraid to ask, but is Bitcoin over?

[jonoiv]

They didn't add crypto traders.

[JayJuanGee]

This is really hard to watch.

And to be honest: Who would buy in a market like that.

We are constantly falling since January. You basically know, if you buy now, it will be worth less in one month.

Of course, people buy when the price goes down and when the price goes up, and there tends to be less buying/selling when the market is flat.

In other words, you are talking nonsense because on the other side of any trade is the opposite, and surely when the price is going down the sellers out number the buyers... but so fucking what?  Momentum can be in one direction and then in can stop and reverse, and all of that adds up to difficulties knowing with any kind of certainty at the time that it is happening or even into the short-term future - even when the whole situation might seem clear in retrospect.

[bitserve]

I'm almost afraid to ask, but is Bitcoin over?

Yes, again.

[Kylapoiss]

I'm almost afraid to ask, but is Bitcoin over?

[criptix]

$4,700 is about to be tested.

4600 already