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

[gentlemand]

Today has been the embodiment of a phrase that's popped up a couple of times - bulls take the stairs. Bears take the window.

May anyone feeling the willies right now wake up to a brighter dawn.

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[JayJuanGee]

I'm a little bit confused

Don't be attributing those kinds claims to me, you fucking deceptive nutjob.

My question in the non-contextualized link that you provided, related to the lightning network.. hello, diptwat?

You are the one who lives in a fantasy pie in the sky world regarding a supposed hopium hedging role of Pms such as gold and silver, and waiting in your basement for the armagaedon apocalypse that has about a snowballs chance in hell of both coming and allowing your investment to pay off.

[bitserve]

Well, it's not bad at all. I don't think I have even managed to cushion a ridiculous 5% of the losses with my trading (no leveraged shorting, just regular buy/sells with a small portion of my stash).

Leverage is a power tool. With simple buys/sells, I probably wouldn't have managed that 5%. From your posts, I guess you've got all it takes to use the available tools sensibly. Maybe you should give it a careful shot?

I "promised" myself to never use leverage anymore if I was able to recover from a liquidation I suffered when Bitfinex was hacked and the price (in Kraken) dumped to around $430 (I was liquidated at $434 in that flash dump which recovered instantly).

It took me almost a year to recover not just the amount in fiat but in BTC.

Yes, I had to keep using leverage (much more conservatively though). Yes, I made it. No, no more leverage for me.

[JayJuanGee]

Furthermore, I do not have any strong presumptions that the BTC price is going down, and I especially think that any targeting of $2,200 would be quite pie in the sky, even though there is a chance that such price could happen.. maybe less than 5% (concedingly that such odds of $2,200 are a bit higher now as compared with last week, but they still remain pretty low, in my humble bumble opinion).

I would wager a guess that your 5% chance has grown to a higher percentage now of likelihood?

You are correct... I had asserted less than 5% odds to reach $2,200.

When certain support lines break, then odds change, so my current armchair estimate would allow for perhaps up to a 20% chance for that below $2,200 target of yours.. 20% might be a bit generous, but just to concede that calculations can change quite a bit when the price is moving a lot (and support or resistance is broken).

[JayJuanGee]

They didn't add crypto traders.

FTFY

You think that 99% of folks are lying to you in this thread?  Get fucking real.

There may be a high percentage of lies, perhaps 30% if we are giving too much credit to the obvious trolls, but it is no where near 99%.

Snap out of your skeptical delusion, PoolMinor.   

[JayJuanGee]

well its still looking like a disaster out there. No solid bounce.

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.

I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market?

It was between $200 and $300 for more than 8 months, and the bearwhales could not get the price to go down further... After NOT being able to get the price to go down more, for so long, there was only on direction left, correct?

[JayJuanGee]

This is bad.

Very bad.

EDIT: Remember how I said I need(want) to dump $1M USD more before December 31st 2018 ?

Yeah. LOL at that idea now.

Sheeeeeeeeit.

You are the reason why we cannot have nice things.    

??

What is to question?

He recently sold decently large amounts of BTC on the way down a few times, and attention-whore whined about it too...including seeming inclined to do the same, again.  

[xhomerx10]

Just got back from a day at the hospital. Damn...
I'll hodl as long as it takes, but damn

bitcoin is now a part of history books weeeee

Time to write some best-sellers about bitcoin(history), in order to maintain income... .  

 I believe a hat is required in order to be a successful writer.



avatar-sized

[JayJuanGee]

(Dear Lord... I feel like I turned into JJG)

Good job.

Imitation (even if subconsciously) is one of the greatest forms of flattery...

 

(Dear Lord... I feel like I turned into JJG)

Get the fuck out of here with this apparent pretense of being using some kind of self-defined wordy prose just to be able to claim any kind of pretense at being in the vicinity JJG-ness within 63.5-72.2%. Even using numbers and probability. Tsk.

At minimum, he must have been in the JJG wall of text ballpark of inspiring peeps not to read it.

[Icygreen]

All out of fiat ammo from that move.  Time to recharge but not looking forward to the hassle of a bank transfer.  Also just went slightly below my average.  Am I the only 1 potentially excited about lowering my cost average?  4.8K nice, 3k wow, 2K chub.  1k or less = beg and borrow
BTC is more relevant today than ever.  Just imagine how many are on the sidelines waiting for a bottom today.
  
 

[BTCMILLIONAIRE]

All out of fiat ammo from that move.  Time to recharge but not looking forward to the hassle of a bank transfer.  Also just went slightly below my average.  Am I the only 1 potentially excited about lowering my cost average?  4.8K nice, 3k wow, 2K chub.  1k or less = beg and borrow
BTC is more relevant today than ever.  Just imagine how many are on the sidelines waiting for a bottom today.
  

No you're not the only one. I'm quite happy with my trading stash.

[PoolMinor]

They didn't add crypto traders.

FTFY

You think that 99% of folks are lying to you in this thread?  Get fucking real.

There may be a high percentage of lies, perhaps 30% if we are giving too much credit to the obvious trolls, but it is no where near 99%.

Snap out of your skeptical delusion, PoolMinor.  

Man, you need to take a step back, and get a sense of humor. Geez Louise don't be so full of yourself all the time, sucka! I am pretty certain you are the only one in this thread that took this clear joke personally.

[jojo69]

news flash

Jay takes himself too seriously

 

[somac.]

well its still looking like a disaster out there. No solid bounce.

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.

I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market?

It was between $200 and $300 for more than 8 months, and the bearwhales could not get the price to go down further... After NOT being able to get the price to go down more, for so long, there was only on direction left, correct?

Sure, but I'm curious on a few things, specifically the price rallies during that time and lack of flat movement. The lack of movement (flat periods) may of been there, I just can't remember, but we are certainly not getting many rallies. There was a big one after it hit 150 and the price, then down to 220 area then up to 300 then back down to 220, then back to 300 then back to 200, then the rest is history.

It seems to me that there was the volume and maybe a few new entrants back then to do it, my concern is that I'm not seeing that right now, I guess we could just be too early in the cycle.

[S_Therapist]

Preparing myself for surviving next two months. Want to forget that I own bitcoin.
Any tips?

[Elwar]

Preparing myself for surviving next two months. Want to forget that I own bitcoin.
Any tips?

Google minimalism.

[Paashaas]

XRP holding 2e spot and bCash down to spot 5 at Coinmarketcap (-41%) 

[jojo69]

Preparing myself for surviving next two months. Want to forget that I own bitcoin.
Any tips?

overtime

[somac.]

looks like another drop incoming, I'm getting tired of this shit

without a doubt we are going to 3000

[Icygreen]

Buy order money stacking up on bitstamp. Up 45% 69mil since the drop from 6400.
Either that money is readying up or its a trap.
Hodl my beer, going to check

Edit: realized this is my first actual wall observation post in awhile. Sorry for my shit posting of lately. More time to focus on BTC for the next 5 ~6 months.