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

[PoolMinor]

yeah, is that so? so why didn't you save investors when it was 15k ?   asshat

See all the comments regarding this post.....This is what results in negative feeling toward price. As if you can save people from their feeling of BTC never falling in price.


https://bitcointalk.org/index.php?topic=178336.msg33563137#msg33563137

[Butterscotch Cartman]

Now infofront is deleting my posts, great you can't take any criticism.

Everyday miners are dumping millions of dollars worth of bitcoins and the demand is dropping.  Prices will never recover! never!

[r1s2g3]

nice post

What I Learned from 30 Blockchain CEOs

https://medium.com/s/story/what-i-learned-from-30-blockchain-ceos-76c15297812a

Boring read.. 30 people are too much to absorb.

[jojo69]

[JayJuanGee]

Da Fuc? Does that even make sense?   Oh shit, maybe r0ach is right about JJG?

It is quite possible for the latter to be in a horrible mood given he had put less than 5% chance of price going to $2200.

https://www.youtube.com/watch?v=Teaft0Kg-Ok

I must be the latter.

Did I say that I still prepare for either direction?  Sure maybe if I gave it a higher chance then I may have sold more, but I don't play that way.

Didn't you say that you buy at various points on the way down?

Are you waiting for $2,200 before you buy?

[Biodom]

I would like to hear any "fundamentals" story behind $6500 to $3700 move.
It seems to go up when you think it might crash (Aug 2017) and it crashes when you think that it should go up.
At this point, it is all unknowable unknowns.

[YourMother]

Did Enron bounce?

Did blockbuster bounce?

Businesses die. Products die. Services die. People die.

Not everything bounces or recovers.

Bitcoin is math, stupid shit-head, not a company with a CEO. Next brain fart...

[HairyMaclairy]

I would like to hear any "fundamentals" story behind $6500 to $3700 move.
It seems to go up when you think it might crash (Aug 2017) and it crashes when you think that it should go up.
At this point, it is all unknowable unknowns.

Not enough people want to catch a falling knife.  That time is coming but we aren't there yet.  When we get there, you will know. 

[xhomerx10]

You folks all decide to sport matching pretty hats... then bitcoin crashes.
coincidence? I think not..... doooohh

 The hats are only phase one of our master plan

spoiler alert!

[HairyMaclairy]

Hahaha omg.  Do eeeet. 

[bitserve]

I would like to hear any "fundamentals" story behind $6500 to $3700 move.
It seems to go up when you think it might crash (Aug 2017) and it crashes when you think that it should go up.
At this point, it is all unknowable unknowns.

Basically yes....

Sometimes (or most of the time) there are stronger factors than fundamentals. I think that is the case with this last move. I don't think it was small holders selling this time. The weak hands among those that entered Bitcoin in the last months of 2017 are probably already gone.

If I had to bet, this time it has been some of the (somewhat recent) Bitcoin millionaires that started to saw their new lifestyle threatened and decided to take out another good chunk just in case. Also maybe the miners, calvinayre, etc shorting... donno.... Oh, and the most important factor.... who's fucking buying? yeah, right.

[Biodom]

Far from mission accomplished? Almost 50% crash in less than 2 weeks is not a capitulation? Come on, this crash was even more aggressive than the 2015 one.



Edit: For all the pigs that are in FIAT right now, stop being greedy! You got the price you dreamed of back when it was over $10k. The fact that it even got to this price in the first place is fucking crazy to me. I understand the 2015 capitulation since it was all about MtGox, Bitcoin in its infancy and everyone calling it a scam and ponzi scheme, but now ? This shit is just straight retarded.

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.
Possibly, great money to be made, but I pass on a leveraged play.
I did re-start DCA at 4300. Too early, I know, hence the DCA.

[HairyMaclairy]

Triangle inside your triangle inside your triangle bro



Near term bottom not below $2900

[gembitz]

You folks all decide to sport matching pretty hats... then bitcoin crashes.
coincidence? I think not..... doooohh

+1 merit hats weeee

[HairyMaclairy]

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.

It is very hard to quickly turn around an aircraft carrier sailing at 30 knots.  Not impossible but very hard.  

[bitserve]

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.

It is very hard to quickly turn around an aircraft carrier sailing at 30 knots.  Not impossible but very hard.  

Probably, but... Look at the order books.

[HairyMaclairy]

Probably, but... Look at the order books.

I wouldn't know.  I don't look at them.

[bitserve]

Probably, but... Look at the order books.

I wouldn't know.  I don't look at them.

I do. And I know all the ways it can mean nothing but.... current proportion in bids vs asks is really big. Just saying.

[infofront]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

[HairyMaclairy]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

I have been waiting for two years to retest $1166.  Even I don't think we will get there.