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

[xhomerx10]

Well that was an exciting couple of hours! Still Hodling strong, just watching the volume build up - 2020 is going to be a heck of year

 Wow.  I thought you left us.

[1713245968]

1713245968

[1713245968]

1713245968

[1713245968]

1713245968

[1713245968]

1713245968

[1713245968]

1713245968

[JL0]

$665 million bitcoin longs got rekt on Bitmex 

It's time to invest in CoronaCoin 

[xhomerx10]

On a lighter note, I found toilet paper - 6 hours drive from home in another country where the farmers don't panic because they're already used to feast or famine.  I'm pretty certain they still have all their Bitcoin too.

 Damn you guys typed a lot yesterday.

[soullyG]

Well that was an exciting couple of hours! Still Hodling strong, just watching the volume build up - 2020 is going to be a heck of year

 Wow.  I thought you left us.

Nope, still popping in to lurk from time to time! Thought it was appropriate to check-in during the current insanity, it's nice to see so many of the old guard around still

[Bitcoinaire]

When we hit new ATH's it won't matter much if you got in at $4000 or $5600.

[LoyceV]

Damn you guys typed a lot yesterday.

24 hours: 888 posts
7 days: 1910 posts

All posts: http://wallobserver.tk/

Just leaving this here for whoever loves scrolling.

[Bitcoinaire]

Problem is I couldn't. My problem was buying too many dips recently. I was casually throwing $5k's. That was a huge mistake and was the main panic trigger for me.

Combined with that, what we just witnessed never happened before in the history of crypto If I am not wrong.

You are right.  That move was a first for crypto, and it is worrysome. It could be an indicator (much as we don't like it, deny it) that the market/trend has changed in some fundamental way.

For me the real negative sign was the failure, in an exponential spike, of 13500 and 10500 (twice), BELOW the ATH.  That had not happened before. Exponential rises to ATH are temporary exhaustions, but below (in TA) signal long bear trends.

Of course, there is the argument that BTC is not like other markets, but with this move in lockstep with stocks etc, it is looking more like BTC has matured .

Now lets hear the bull case.

Plustoken scam coins were dumped at critical levels and painted the tape. Their coins will run out but the bastards still have quite a few left.

[Phil_S]

My assistant is applauding from the outside.

Hit him with a stick!

Oh wait, you can't. He used super-glue.

Maybe that's why he's so happy.

[d_eddie]

So to hear Lambie and Torque tell it, the Chinese/Iranian and Western elites were all in on this scam together to fool us?

Yeah, not sure I am buying that.

Not quite what I hear them saying, but here's a sobering narrative on markets and the situation.
https://www.youtube.com/watch?v=SroVO0DsLFQ

Well, 25 minutes of rambling for what could be a couple screens of text... that's just what makes most youtube preachers annoying to me. Hard to put it down in writing, eh Greg? If you ask me, we have better sources here in the WO.

[El duderino_]

via Imgflip Meme Generator

[Bitcoinaire]

This was a high volume capitulation, mindrust was sacrificed (we still love you bro#nohomo). Once the money printing/easing gets into full swing, coronavirus dies down, we''ll be off to the races. New ATH incoming, bull run for the ages.

[Wekkel]

I also skip YouTube videos. Usually they host people that are not able to simply condense their thoughts in a couple of words or their points are boring anyway with the only solution of hiding it in a 15m Youtube talk.

Give me the printed letters or it won’t happen.

Speaking about thoughts: I think the big question in the next few months is whether the whole sell off (not just crypto but the broader market) can be contained and the affected pillar (financial markets) is saved from oblivion while the other pillar (government bonds with associated fiat currency) remains a pillar of trust.

There is a fair chance that saving the one twin pillar will start to affect the other twin pillar. The room to manoeuvre isn’t that big compared to 2008.

Only if both pillars come under pressure and ludicrous numbers of fiat tokens are slung across the wires to save faces, the public may catch on to the debauching of their beloved fiat tokens. Only then the premise of cryptocurrencies will be tested in earnest.

Peter Schiff’s body is ready. Is yours?

[ivomm]

I've spent half of my day reading carefully the 20 page lag that formed during the night. I slept like a baby and laughed when I saw that $3850 bottom. Jesus, this fall was epic.   But the recovery is beyond epic. Anyway!

Half of the posts were dedicated to mindrust decision to sell. I am really sorry that happened, buddy! It happens to everyone. You have to accept it and forgive your own weakness. You let the emotions take over the sound mind. In moments like this I tell myself that selling at some point means I believe Bitcoin will not return at this level for the next 5 years. So, ffs how on Earth Bitcoin won't recover to 4K, even if it drops below it?

I mean, you have to wait, patience is needed. And this applies for any kind of investment. Do you think that those who trade with real estates get rich quickly? I follow closely many ads and I can say that 99% of them are not sold for less than 3 years after they are posted. You have to wait and be patient.

If you have bitcoins, you should appreciate them more than fiat and other possesions. Why? Because you will live with the hope that some day you will achieve everything you've dreamt about - a car, a house, etc., things that you would never afford with your salary. What else can give you such a hope - lottery, shitcoins? nah

I will share some of my experiences with the hope to encourage you. In the Summer of 2017 I had 13 bitcoins from mining and trading. I also had 23K euro savings into the bank. Just before my holiday, I decided that this profit  is enogh for me and sold everything at $2700. I was happy for 1 day. On the next the price shot up 20%. I comforted myself that this is temporary, but the next week the price went above the ATH, raising in 2 weeks to $4 800. I felt more and more depressed. I was in a beach resort, lamenting the missed 25 000 euro profit. Then I realized that subconsciously I've made the mistake to set a too low profit target. Because the salary was too low - around 600 euro per month, I used to think that 20K is a huge profit. But looking at the hotel and nearby villas, I knew what I really wanted to get - a villa with a pool and not live anymore into an appartment with no view.

I started to think deeply what I should do. Then I decided firmly to get back into Bitcoin, buy with all my savings and hold until I get the money for the house plus the money needed to support the new way of life. I bought a ledger nano S, memorized the key words and used all my savings to buy again 13 bitcoins at prices around $4700, which was much higher than my exit price $2700. One month later the price fell to $3000 and I was a little upset that I didn't wait, but I didn't even think of selling or abandoning my goal. It helped that in early 2017 I forfeited 2 times profits around $2000 because of the crashes, which were my first baptism by fire. As a noob I didn't believe that bitcoin will return to $1000 after a 40% drop. I've waited 2 months after the drop and decided it won't go back there and sold on even. Later, I panic sold but on profit before the supposed fork and rebought with a loss of 0.5BTC after it was cancelled, and then the same story when we reached 14K. These were my last emotional breaches. Yes, I was a bit nerveous when we fell to $3100 in 2018 but my mind was strong and I continued to buy and even sold the last land to get 2 more coins. Now I am happy to have 17BTC and will continue to DCA untill I start to sell according to my plan.

My point is that it doesn't matter how and when you enter. You can profit only if you are strong and stick to your guns! Never, never believe any trader, chart expert, etc. Remember, anything can happen, have a plan and stick to it! Go against your emotions and conquer them with your mind!

[gentlemand]

I also skip YouTube videos. Usually they host people that are not able to simply condense their thoughts in a couple of words or their points are boring anyway with the only solution of hiding it in a 15m Youtube talk.

Give me the printed letters or it won’t happen.

They don't get any money unless it's over a certain length.

Youtube becoming a prime conveyor of information will cause the minds of the human race to melt. I can read something in a few seconds. I'm not going to spend minutes scrolling between coughing, cursors that move like a sedated slug and yards of drivel to find the one sentence I need.

[Wekkel]

Or worse: not any sentence that you would need.

I share your opinion. Reading trumps a video. Notable exceptions there of course.

[d_eddie]

I also skip YouTube videos. Usually they host people that are not able to simply condense their thoughts in a couple of words or their points are boring anyway with the only solution of hiding it in a 15m Youtube talk.

Give me the printed letters or it won’t happen.

They don't get any money unless it's over a certain length.

Youtube becoming a prime conveyor of information will cause the minds of the human race to melt. I can read something in a few seconds. I'm not going to spend minutes scrolling between coughing, cursors that move like a sedated slug and yards of drivel to find the one sentence I need.

I wholeheartedly agree, but it's hard to fight the stream. That's where the world is going. Semi-dyslexic millennials and all that.

One possible partial workaround is the PornHub approach, the "seek scope": a visual indicator of the number of views plotted over the time axis. It makes it easier to seek to the juicy bits instantly. As usual, porn sites have leading edge tech.

[OutOfMemory]

I also skip YouTube videos. Usually they host people that are not able to simply condense their thoughts in a couple of words or their points are boring anyway with the only solution of hiding it in a 15m Youtube talk.

Give me the printed letters or it won’t happen.

They don't get any money unless it's over a certain length.

Youtube becoming a prime conveyor of information will cause the minds of the human race to melt. I can read something in a few seconds. I'm not going to spend minutes scrolling between coughing, cursors that move like a sedated slug and yards of drivel to find the one sentence I need.

I regularly suffer from sleep attacks when watching youtube videos. For real.
Most time i wake up because the back of my head smacks against the wall. My couch has no backrest, only a dozen of pillows. More like a bed in the corner of the living room. However, this is also induced by the baroreceptors near the spine. I lean back and relax, five minutes later, at max, i'm out. Born workaholic  
But when watching youtube's influencers videos, or trying to, sleep attacks kick in even when sitting at the table. The only difference is that my head nods forward. I kissed my keyboard more than once, already  

[Wekkel]

One possible partial workaround is the PornHub approach, the "seek scope": a visual indicator of the number of views plotted over the time axis. It makes it easier to seek to the juicy bits instantly. As usual, porn sites have leading edge tech.

Did I actually learn a new thing today?

Wow 

[vapourminer]

It wasn't supposed to go below 5500 for fucks sake.

the only price it cant go below is zero.

at least i dont think it can.

can it?

right?

guys?

[dragonvslinux]

Critical moment for the day on the 1hr chart... closing above $6K would be uber bullish in my opinion:



Exciting times ahead   Tone Vays claims: "The Bottom is Most Likely In!" - 90% chance he said
(But that we will likely drop below $5K again, one more time)