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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 43 (37.4%)
No - 72 (62.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25491330 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
Last of the V8s
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December 07, 2018, 12:32:59 PM

isnt this capitulation ??
no, nein, nyet, t'ain't, bu shi.
capitulation is one-two days, 30% drop, massive volume, massive noise from people
then things get bad for a while
so we're post that?
lol thought the same.
idk, maybe. but not nearly brutish enough for me to say 'yes certainly'
did not yet fulfil those conditions...
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bitserve
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December 07, 2018, 12:36:13 PM

A couple more months at this price levels and we will witness a bunch of bankruptcies in the crypto market: Miners manufacturers, mining operators, ICO's... It may be better in the long run, but it will be hard to watch nevertheless.
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December 07, 2018, 12:40:01 PM

so we're post that?

I still don't reckon we're there myself. There needs to be a proper titty trembling moment.

The last bubble's low was such a shocker because up until then everyone was adamant it could never go below its previous ATH. In the end it was over $100 lower than $266.

This time around I think the ultimate shocker would be a return to three figures.
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December 07, 2018, 12:49:38 PM

so we're post that?

I still don't reckon we're there myself. There needs to be a proper titty trembling moment.

The last bubble's low was such a shocker because up until then everyone was adamant it could never go below its previous ATH. In the end it was over $100 lower than $266.

This time around I think the ultimate shocker would be a return to three figures.
I honestly don't know if those prices are possible except for a dump and a spike crash. The amount of people who know about Bitcoin is just so much higher.
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December 07, 2018, 12:52:48 PM

so we're post that?

I still don't reckon we're there myself. There needs to be a proper titty trembling moment.

The last bubble's low was such a shocker because up until then everyone was adamant it could never go below its previous ATH. In the end it was over $100 lower than $266.

This time around I think the ultimate shocker would be a return to three figures.
I honestly don't know if those prices are possible except for a dump and a spike crash. The amount of people who know about Bitcoin is just so much higher.

I honestly hope we've grown past that. But on the other side we do still have Ver, Jihan and Wright as major players. So I wouldn't rule out anything...
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December 07, 2018, 12:53:42 PM

so we're post that?

I still don't reckon we're there myself. There needs to be a proper titty trembling moment.

The last bubble's low was such a shocker because up until then everyone was adamant it could never go below its previous ATH. In the end it was over $100 lower than $266.

This time around I think the ultimate shocker would be a return to three figures.
I honestly don't know if those prices are possible except for a dump and a spike crash. The amount of people who know about Bitcoin is just so much higher.

I honestly hope we've grown past that. But on the other side we do still have Ver, Jihan and Wright as major players. So I wouldn't rule out anything...
I wouldn't expect them to dump any btc, they're scared their project flippening has failed them.
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December 07, 2018, 12:54:06 PM

except for a dump and a spike crash

That's what plenty of people are waiting for. That's how you know it's the real deal.

Loads of people know about BTC. Fewer and fewer care about it right now.

I'm particularly not expecting it. I would not be surprised by it.

ETH's current price would've been beyond inconceivable, to its fans, just a few months back. There's still more to go there.

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December 07, 2018, 12:54:15 PM

It seems to me that last dump was a desperate fake-out. Bears are getting exhausted.
Last of the V8s
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December 07, 2018, 12:54:27 PM
Merited by BobLawblaw (3)

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December 07, 2018, 12:58:53 PM

so we're post that?

I still don't reckon we're there myself. There needs to be a proper titty trembling moment.

The last bubble's low was such a shocker because up until then everyone was adamant it could never go below its previous ATH. In the end it was over $100 lower than $266.

This time around I think the ultimate shocker would be a return to three figures.

Would be a shocker but its not a must happen thing.... going that look would look as unhealthy as going up to fast
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December 07, 2018, 01:02:53 PM

so we're post that?

I still don't reckon we're there myself. There needs to be a proper titty trembling moment.

The last bubble's low was such a shocker because up until then everyone was adamant it could never go below its previous ATH. In the end it was over $100 lower than $266.

This time around I think the ultimate shocker would be a return to three figures.

Kind of apples and oranges, tho. That bubble rose 5X from previous high. This one 20X. Triple digits could happen, still.....but highly unlikely imo
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December 07, 2018, 01:04:08 PM

It seems to me that last dump was a desperate fake-out. Bears are getting exhausted.
Honestly we've stayed in the $3,000s maybe I'm just acclimated to massive price crashes now a few hundred don't bother me even if the % is the same or more.
Last of the V8s
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December 07, 2018, 01:09:13 PM

and the award for self delusion while attempting to troll goes to
gentlemand
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December 07, 2018, 01:12:34 PM

Would be a shocker but its not a must happen thing.... going that look would look as unhealthy as going up to fast

Yes, but last December was insane going up. It could be insane going down too. Hardly anyone believed 20 grand was possible until it was.

But just as it was at the $19,990 level for a tiny amount of time, it would be the same tiny amount of time for the ultimate low. They're both bubble pops, just in different directions.
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December 07, 2018, 01:14:11 PM

Never-ending bear flags on the hourly.
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December 07, 2018, 01:18:30 PM

I got some bids at 999, in case of a fat finger. That shit happened at Finex yrs ago, flashed to 100.
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December 07, 2018, 01:39:18 PM

True, they may be forced to dump as well in order to keep up. Kind of weird to see these people dumping the price of bitcoin into the ground giving HODLRs their coins for darn near free, but there you go....
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December 07, 2018, 01:39:25 PM

so we're post that?

I still don't reckon we're there myself. There needs to be a proper titty trembling moment.

The last bubble's low was such a shocker because up until then everyone was adamant it could never go below its previous ATH. In the end it was over $100 lower than $266.

This time around I think the ultimate shocker would be a return to three figures.
I honestly don't know if those prices are possible except for a dump and a spike crash. The amount of people who know about Bitcoin is just so much higher.

Yes, they know about it, and they can see it's dropping like a stone, it's hardly a time for FOMO.  I am afraid I agree with the gentlechap above (and V8) that hasn't really hasn't stunned and shocked us yet.  I have fiat in, but this doesn't feel like the bottom while we're all bantering away and talking of 100K parties.

Sadly, it needs to hurt. I would love it to turn around now but it won't just because I want it to. 

And yes, it can go lower - of course it can.
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December 07, 2018, 01:40:21 PM
Merited by JayJuanGee (1)

The market is very strange. Whenever there is a seller there will be one buyer, and they both think they are smart. Wink

I disagree for at least for the retail investors: selling at this stage is mainly lead by fear, while the ones now buying are the crazy ones believing in Bitcoin's value. It takes way more balls and conviction buying in this relentless bear market.

You lose smaller on bear market than in bull.

Lets say I got my coins at 3k then bear market continuous and dropped to 2k, I lose only 1k per coin, that is if I got tired of hodling. Unlike in bull market, when you fomo'ed and got your coins at 15k then market corrected to 10k, you lose 5k a piece. Market now is so repressed that hammering it to lower price takes a lot more. Don't think any holder would sell at loss unless you want to buy more down below like whales do.

I'd be happy to take more coins at lower price. Its not balls at all. Don't think no one is buying at bear market, they are. I am.

Don't give up on your coin so easily.

 Say you had a finite amount of fiat to invest; make it US$30k -
You spend US$30k to get ten US$3k Bitcoin which subsequently drop in value to US$2k Bitcoin - you would be hodling Bitcoin worth US$20k of your initial US$30k investment.
OR you spend US$30k to get two US$15k Bitcoin which subsequently devalue to US$10k Bitcoin - you would be hodling Bitcoin worth US$20k of your initial US$30k investment.

Are you saying you "lose smaller" psychologically or am I so burned out from working night shifts that I am unable to comprehend a bigger picture here?  I can't see the difference.


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December 07, 2018, 01:43:52 PM

I have fiat in, but this doesn't feel like the bottom while we're all bantering away and talking of 100K parties.

I don't think the people in this thread are any type of representation of the wider world. Even at $999 plenty here will still be in the black whereas your average Reddit mong will feel ruined. We'll be grumpy. He'll be thrashing in a pool of taupe shitwater.
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