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

[Toxic2040]

Oh?  My surprise.

I did not realize that I was in whale territory, interacting with possible whales.

pfft..orly? I dont want to tell you how to roll..but perhaps you should pay more attention. I seem to notice the turbulence of their passage around here quite often. Just because some appear to be sleeping right now does not mean they are not around..

[JayJuanGee]

Oh?  My surprise.

I did not realize that I was in whale territory, interacting with possible whales.

pfft..orly? I dont want to tell you how to roll..but perhaps you should pay more attention. I seem to notice the turbulence of their passage around here quite often. Just because some appear to be sleeping right now does not mean they are not around..

I was referring to you as one of the previously unknown whales.

Yikes!!!

[JayJuanGee]

Good to see the price over $4k again, hopefully the support will hold nicely!

Who knows what is going to happen exactly?  A few hours ago, when the price went up to $4,021(on Stamp of course), I saw that there were close to 400 coins that were immediately dumped to drive the price back down to $4k, and several of those coins were dropped at the $4,021 top.  So, someone did NOT like the UP momentum, and there is still a question whether they will actually run out of coins to dump and/or other HODLers willing to give up their coins at these prices.

Would be nice to get above $4,200 (which seems reasonably probable) and to never return below that (could be wishful thinking, at this point).

[mindrust]

2019-2020 Bull run confirmed.

FED said: No more rate hikes in 2019.
https://www.zerohedge.com/news/2019-03-20/fed

They are afraid of recession, this is going to fly BTC to the fucking moon.

[shasan]

nd/or other HODLers willing to give up their coins at these prices.

There are lots of short time trader who bought bitcoin at a low price for eg 3400$ per BTC and if they sell at 4000$ per BTC then they have no loss. So, there are a lot of people who can sell on 4000$.

[JayJuanGee]

2019-2020 Bull run confirmed.

FED said: No more rate hikes in 2019.
https://www.zerohedge.com/news/2019-03-20/fed

They are afraid of recession, this is going to fly BTC to the fucking moon.

There is some actual discussion of negative interest rates spreading to retail level in the US of A (Max Keiser discussed this about a week ago in his show), so there are those kinds of negative and possible oppressive practices that might come into place to further fuck over regular peeps, too.

[zhekinsp]

via Imgflip Meme Generator

Remembering Venezuela's fiat money.

We are not much far away from seeing this situation,because nowadays the economy of most countries were unstable so the governments were trying to cover them up by printing more money causes hyper inflation.

[JayJuanGee]

nd/or other HODLers willing to give up their coins at these prices.

There are lots of short time trader who bought bitcoin at a low price for eg 3400$ per BTC and if they sell at 4000$ per BTC then they have no loss. So, there are a lot of people who can sell on 4000$.

Don't overplay your hand with your presumptions (and wishes) of all of the supposed recent BTC acquisitions willing to give up their coins.... If the momentum is starting to look like it is going up, then that causes more folks to want to keep holding and maybe even buy a bit more on dips... The bearwhales start to run out of coins because they cannot get the price to go down sufficiently enough to scare peeps into selling and scare peeps into thinking that the price is going to continue to go down and the bottom is NOT "in". 

It can be a slow and grueling process to change the momentum, and grinding UP can begin to change perceptions and more peeps buying on dips than are willing to sell.  So, hopefully, shasan, you don't get too rekt in your short (or your hope to buy coins in the sub $3,700s because we might not return there ever again).  Sucks to be you.       

[Toxic2040]

I was referring to you as one of the previously unknown whales.

Yikes!!!

I am but a self appointed messenger in this game of thrones no matter how hard I clutch at that charred pelvic bone.

Hey guys, whatcha doin? Talkin about whales? That had me thinking, I’m no whale, but if I was, I don’t know if I’d want anyone to know it. So, there’s that to consider as well lol

 

+1 WOsMerit

[shasan]

or your hope to buy coins in the sub $3,700s because we might not return there ever again

I am not a short term trader. I am holding BTC from when BTC was 17k. Still holding and will hold long more time if there is no sudden problem happen. I am still collecting more btc. It is not an issue what a price now. I wish it will hike again and will hold till then. I won't sell my BTC before reaching 20k.

[zhekinsp]

or your hope to buy coins in the sub $3,700s because we might not return there ever again

I am not a short term trader. I am holding BTC from when BTC was 17k. Still holding and will hold long more time if there is no sudden problem happen. I am still collecting more btc. It is not an issue what a price now. I wish it will hike again and will hold till then. I won't sell my BTC before reaching 20k.

In few years $20K will look like a small amount so make your goal high and be a real crypto holder than.

You are reaching near your Sr.member rank,I will help you for that with the last smerit I have.Hope you will find remaining 3 of those soon.

[JayJuanGee]

or your hope to buy coins in the sub $3,700s because we might not return there ever again

I am not a short term trader. I am holding BTC from when BTC was 17k. Still holding and will hold long more time if there is no sudden problem happen. I am still collecting more btc. It is not an issue what a price now. I wish it will hike again and will hold till then. I won't sell my BTC before reaching 20k.

Fair enough... Thanks for disclosing.

You may be in a position that is kind of similar to where I was during 2014/2015?  Perhaps?  Except, I never would talk the price down. At least, I don't recall doing that.  I do understand that there remain quite a few bear scenarios out there, so it is understandable that sometimes pessimism or overly conservative thinking can build up (and I am definitely guilty of that).

Anyhow, I bought my first BTC in late 2013 at $1,200, and I bought all the way down to the bottom at the end of 2014 (in the $180 arena).  I was kind of running out of money in late 2014, but I kept buying with whatever extra cash that I had in order to keep bringing down my average cost per BTC.  Therefore, I did NOT feel that I had to wait until $1,200 to begin to sell small amounts of my BTC, especially a fraction of those BTC that I acquired in the sub-$300 arena (once the price started to go up, and of course with BTC it does not just go up, it goes up and down).  

Of course, you have to tailor any kind of BTC buy, sell and HODL plan to your own finances, other investments, view of bitcoin, risk tolerance, timeline etc... but I would be worried about any plan that only involves holding until $20k, but that might just be me and my current way of thinking about the whole bitcoin situation including strategies to lower personal cost(s) per BTC and provide some downside insurance/protections.

[shasan]

In few years $20K will look like a small amount so make your goal high and be a real crypto holder than.

You are right. Hopefully, think I will not sell at 20k. I just told I will not sell before 20k

You are reaching near your Sr.member rank,I will help you for that with the last smerit I have.Hope you will find remaining 3 of those soon.

Thanks for the wish. And you are right it is time to rank up.

[mindrust]

In few years $20K will look like a small amount so make your goal high and be a real crypto holder than.

You are right. Hopefully, think I will not sell at 20k. I just told I will not sell before 20k

You are reaching near your Sr.member rank,I will help you for that with the last smerit I have.Hope you will find remaining 3 of those soon.

Thanks for the wish. And you are right it is time to rank up.

If you sell your coins before you make at least 10x, you are doing it wrong.

It is not worth the risk only to make %30-50.

Even %100 is no good. (Though it is a safe bet)

Tell them "%1000 or gtfo!"

** Also think about this: if you bought at $3k and sold at $4k... will it be enough for you? Will you be able to resist buying from $5k when the FOMO starts?

I know I wouldn't because I already did it. Sold when it was $1k and rebought everything and much more from $3k to $15k.

[shasan]

If you sell your coins before you make at least 10x, you are doing it wrong.

It is not worth the risk only to make %30-50.

Even %100 is no good. (Though it is a safe bet)

Tell them "%1000 or gtfo!"

Yes, it is perfect. And that's why I won't sell my holding BTC.

but I would be worried about any plan that only involves holding until $20k, but that might just be me and my current way of thinking about the whole bitcoin situation.

As I am not a trader I will not buy and sell. I will buy and hold. I will try to buy as much as possible (which I can take a risk)

[Paashaas]

You are reaching near your Sr.member rank,I will help you for that with the last smerit I have.Hope you will find remaining 3 of those soon.

Thanks for the wish. And you are right it is time to rank up.

Here have 3 merrits each 

[Last of the V8s]

meanwhile in legacy

[BTCMILLIONAIRE]

That's racisst.

[PuertoLibre]

That's racisst.

Will this snake go up or down? Snakes need water that can be found after 8000$.

[JayJuanGee]

If you sell your coins before you make at least 10x, you are doing it wrong.

It is not worth the risk only to make %30-50.

Even %100 is no good. (Though it is a safe bet)

Tell them "%1000 or gtfo!"

Yes, it is perfect. And that's why I won't sell my holding BTC.

but I would be worried about any plan that only involves holding until $20k, but that might just be me and my current way of thinking about the whole bitcoin situation.

As I am not a trader I will not buy and sell. I will buy and hold. I will try to buy as much as possible (which I can take a risk)

I understand that mindset, especially when you consider yourself to be in a BTC accumulation phase, which I understand could last for a very long time, especially, if you feel that you have not acquired a lot of BTC in order to achieve your personal goals/targets.

So, based on what you are saying, you bought some BTC in the $17k price arena, and is it fair for me to assume that you have bought some more BTC below $17k (like for example at some price points between $3122 and $17k)?

If you bought at $17k, and you have not bought anymore BTC because you are waiting for the BTC price to go lower, then that would be a very interesting situation that I have heard about in theory, but I have never seen any case in which someone has asserted that something like that is their actual situation - noting that we are in about a 80% BTC price correction arena, currently.