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

[somac.]

I'm not going to stop watching this shit till I see a bounce dammit.

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[mindrust]

Whoever doesn't take the risk of buying btc from now on doesn't deserve any lambos. That's all i know.

No one wants to try to catch a falling knife, do they?

It's too scary.

I just tried it. (From $4.5k) My hand is bleeding now. -%10

[zazzbg1]

Are we literally going to $0

How did you turn from Bull #1 to Bear #1 in just #1 day?  

[TeeBone]

It's scary to catch a falling knife, but you buy now and hold a few yrs, you're good to go. Even if it goes to 2-3K, u'll still make off like a bandit.

[Ibian]

Interesting to see what happens when the US wakes up I think.

It's like a bad dream, almost.  Maybe no one is sleeping, and just watching and waiting

As I said before... I feel like Nero watching Rome burn. That's the only way I can describe it.

P.S.: Rome is my stash, and Nero is the retarded myself.

P.S.2.: Where is Rosewater?

Nero gets a bad rap. Maybe he saw disaster coming and was unable to do anything. Much like us and the coming collapse.

Well, he was retarded for not doing anything to prevent it. Just like us. Now it is too late. Let's just wait for the fire to end and start rebuilding.

When there is something wrong with the medulla oblongata in a million people, even an emperor is powerless to change anything.

[Kylapoiss]

Are we literally going to $0

How did you turn from Bull #1 to Bear #1 in just #1 day?  

I’m sitting on a big stash of coins worrying

Don't worry mate, smoke a J, sniff a line, whatever helps. This is not the end but we'll probably see 3xxx too, as bad as it may seem. You are still good on your 2021 predictions.

[HairyMaclairy]

[figmentofmyass]

Are we literally going to $0

sure seems like it.

on the bright side, we're going "too far too fast". this usually creates a strong snap back effect because sellers get exhausted all at once. i wonder if we could really see capitulation so soon though.

[Ibian]

It's interesting how even long timers forget how this market works. This is nothing out of the ordinary, just annoying.

[TeeBone]

Snapback, confirmed.

[somac.]

It's interesting how even long timers forget how this market works. This is nothing out of the ordinary, just annoying.

That's true, but, it still feels like shit for a lot of people.

[bitserve]

It's interesting how even long timers forget how this market works. This is nothing out of the ordinary, just annoying.

The amounts on the table are *WAY* higher than in the past. That's why.

[JayJuanGee]

Are we literally going to $0

How did you turn from Bull #1 to Bear #1 in just #1 day?  

I’m sitting on a big stash of coins worrying

If this drops much further, I am going to have to concede that we are in a 2014 scenario rather than a 2013 scenario...

Sure I am reluctant to prematurely call it, but the evidence is getting stronger for the 2014 scenario rather than the 2013 scenario.. sorry to say.  sure I don't want to give in.. .but if we don't get a bounce soon.. then hope for a 2013 scenario becomes a lot less probable...

Surely, on the other hand, no two periods of time play out the same, so fuck you all attempting to overly graphs and to suggest that they are going to be the same.  In other words, we have already had more than a 78% drop from $19,666 (down to $4,237), so that should be enough.

You bears got enough.  Right?  Right?

Maybe we are having the long awaited bounce, as I type?  back up to $4444.  Bounce?  We got a live cat bounce?

[somac.]

Snapback, confirmed.

not strong enough yet to be anything but temporary.

[bitmover]

Well, at least bcash is almost dead. -45% today.

I hope we can get over this fork drama and go on.

[Ibian]

It's interesting how even long timers forget how this market works. This is nothing out of the ordinary, just annoying.

The amounts on the table are *WAY* higher than in the past. That's why.

The last time I was under water. This is nothing.

[JayJuanGee]

It's scary to catch a falling knife, but you buy now and hold a few yrs, you're good to go. Even if it goes to 2-3K, u'll still make off like a bandit.

Actually, I am not saying that it is not worth it to try to catch a falling knife.  I just know that it is scary, and frequently peeps get criticized for attempting to buy the dip when the bottom remains so uncertain. 

In the long run, profit for sure, but it is just a matter of feeling good that you more or less got a decent price and did not waste too much fiat buying every single dip when you could have waited a bit longer.

[bitserve]

I have just noticed the poll. What kind of joke has infofront made on us? Or were we above $5000 when the poll was set?

[Majormax]

Are we literally going to $0

Most unlikely. Some alts are, of course.

This is merely a step in the bear market. At least it confirms which pattern we are in. The downtrend is still intact. I was certainly prepared for this, but it is still uncomfortable. The worst part is knowing that there may not be a recovery for a year or two.


There is  long term support at $1500-$2000, but I would not expect it to get there before the middle of next year.

[PoolMinor]