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

[micalith]

right, so I'm hoping that this is the dead cat bounce which might confirm that we reached the bottom, rather than a sucker's bull trap. Either way, I would be amazed if we don't revisit 500s by the end of the weekend

It should definitely be a bull trap, 80% chances for it to be a bull trap.

Your statistic has 87.34% chance of being bullshit.

Ok, let's see if we revisit the $600s or not. Either way I will be happy, isn't BTC wonderful?

lol

[1715674058]

1715674058

[alexout]

also agreeing that it either stays here or goes down. Will not go back up above 795$ for now.

[Krabby]

Anyone baulsy enough to take out a loan?

[Nemo1024]

right, so I'm hoping that this is the dead cat bounce which might confirm that we reached the bottom, rather than a sucker's bull trap. Either way, I would be amazed if we don't revisit 500s by the end of the weekend

I placed a few cost-averaged buy orders in the 400-550 range, and I am sticking to them, at least until Monday.  

[simonk83]

right, so I'm hoping that this is the dead cat bounce which might confirm that we reached the bottom, rather than a sucker's bull trap. Either way, I would be amazed if we don't revisit 500s by the end of the weekend

It should definitely be a bull trap, 80% chances for it to be a bull trap.

Your statistic has 87.34% chance of being bullshit.

Ok, let's see if we revisit the $600s or not. Either way I will be happy, isn't BTC wonderful?

I wasn't talking about your prediction (although your guess is as good as mine there as well), just your statistic

[seanneko]

MA is finally turning around and starting to go back up.

[wasubii]

right, so I'm hoping that this is the dead cat bounce which might confirm that we reached the bottom, rather than a sucker's bull trap. Either way, I would be amazed if we don't revisit 500s by the end of the weekend

I placed a few cost-averaged buy orders in the 400-550 range, and I am sticking to them, at least until Monday.  

Me too in the 500-550 range - we'll see

[simonk83]

Alright, off to bed.  I'd rather it was higher when I wake up, but honestly I'm not too bothered.  I'm long long, so blips like this don't really faze me anymore.  I got all the fear out the first couple of times this happened, several years ago   Actually feels pretty liberating

Interestingly, I don't feel much fear, just indecision. And I came to the exchange after the April crash, so I was not through it the last time, but read quite a lot about it.
Take for example, the last hour. I woke up to 650. By the looks of it 500 was to be retested, so I set some buy orders there, and the market promptly jumped to 780!  

I think I am going to cash out what I initially invested in direct bitcoin purchases and mining equipment, plus a small revenue bonus on top of that. The rest will be used to re-buy bitcoins at the next low.
That way I would recover everything what I could have lost, and will feel even more emotionally detached from my BTC holding.

Well your problem there is that you're trading and trying to predict the unpredictable.   I learned long ago that this is a bad idea (at least for me, as I'm not all that great at it).  All I do is hold, and occasionally accumulate where I see a bargain (like today).   We may well drop lower this weekend and it may well stay low for a few months, but sooner or later we'll get a new ATH.    

Gather a number of coins you're happy with, and stick them somewhere safe.  You'll sleep much better at night not worrying about nightly swings

[seanneko]

Gox: $785
BTC-e: $785
Stamp: $785.99

Consolodation is good... Right?

[Macno]

round numbers ahead...800 USD and 5000 CNY (nobody seems to care about XBT/EUR...). Interesting to watch.

[nesevis]

Gox: $785
BTC-e: $785
Stamp: $785.99

Consolodation is good... Right?

Just means there are a lot of "worthless" Goxbux floating around?

[ChartBuddy]

[keewee]

799.5   what happens now?  

[tbcoin]

{"result":"success","return":{"lag":2204918945,"lag_secs":2204.918945,"lag_text":"36 minutes","length":"193"}}


Bull orders lag 

[niothor]

Never thought in the last week that I would wake up , see the price at 800+ and be happy

[JimboToronto]

Good morning America.

[dwdoc]

Gox: $785
BTC-e: $785
Stamp: $785.99

Consolodation is good... Right?

[KFR]

Choo? 

[bitleif]

Gox at 809, anyone want to call the top on the current bull-trap?

[macsga]

You people! I think I told you last night TO WAIT FOR ME!!!