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

[LFC_Bitcoin]

This relentless downward spiral sucks but we HODL.
Nothing else we can do.
I'd rather lose everything than sell now at a loss.

[1713525238]

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[marcus_of_augustus]

see you guys at $75

soon vc money will out weigh bitcoin market cap LOL

> $500 million new money is coming this year too ...  first they want cheap coins

[Stevenirving]

This relentless downward spiral sucks but we HODL.
Nothing else we can do.
I'd rather lose everything than sell now at a loss.

Damn straight

[Fatman3001]

This relentless downward spiral sucks but we HODL.
Nothing else we can do.
I'd rather lose everything than sell now at a loss.

Damn straight

Praise the Bitcoin Jeebus!

[SamedamnBTC]

This relentless downward spiral sucks but we HODL.
Nothing else we can do.
I'd rather lose everything than sell now at a loss.

Damn straight

Thats a big gamble. If I could I would have sold long time a go!

Selling now, and buying lower is better, you get more value. Or you can buy as soon as it hits back where it is now, whenever it jumps

[JorgeStolfi]

your choice, pretty sure there are places that trade gold-btc and vice-versa.

Amagi Metals used to do so, and claimed that in 2016 they would abandon "fiat" altogether.  But now they have removed the "pay with BTC" options from their site.  Although they say it is not because of the price, just some internal reason.

[esse83]

This relentless downward spiral sucks but we HODL.
Nothing else we can do.
I'd rather lose everything than sell now at a loss.

Damn straight

Spoken like a true poker player on tilt   

[inca]

Nothing drops forever. Every coin sold has been bought by someone.

If this is miners dumping (which clearly it isn't unless it is an active attempt to bankrupt their competition) then they know there is a limit to what bitcoin can endure without being irreparably damaged. Some people may cite 2011 and say, "look it recovered from 2 dollars", but there were less than 10,000 users at that stage. Bitcoin is now in the public eye, discussed openly in the MSM and adoption plus half a billion dollars of VC money ride on bitcoin having a market cap large enough to be useful as an internet currency in the next year.

I personally am not convinced this decline has had anything whatsoever to do with what is fairly minor monetary inflation. It is just speculators trading and shorting the price down. I am cool with short selling in general but in this case I think the fact whales can actively profit with just the price falling means there is less incentive to accumulate coins and profit by selling high later. It is conceivable for a large hedge fund (in fiat only) to be gaming the price with no interest in acquiring coins, instead simply manipulating the price for profit. Whilst bitcoin remains unregulated this could continue ad infinitum. In the real world where demand for a commodity per day is N, a hedge fund short selling 400xN over a few minutes is deemed manipulation. Regulated US exchanges are needed badly.

In the end though, a floor will be found through which traders 'shall not pass'. The question is whether this floor is so low as to effectively destroy the bitcoin economy and permanently damage the experiment. That would be the best outcome for, say, an organisation with a money printer and a dislike of a superior form of money gaining ground, right? Especially as the central banks have been so happy to embrace bitcoin in public; bitcoin would be the only market they aren't currently manipulating if alternative media is to be believed.

Looking through reddit there are a number of despair "i'm out" posts. Hopefully we get a high volume reversal soon, bitcoin is certainly massively oversold technically.

[SamedamnBTC]

This relentless downward spiral sucks but we HODL.
Nothing else we can do.
I'd rather lose everything than sell now at a loss.

Damn straight

Spoken like a true poker player on tilt   

This Q/2 off suit will make me win. Come one vs Pocket AA

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[AmazonStuff]

As long as the bears are still here, bitcoin is on a good way

[Stevenirving]

This relentless downward spiral sucks but we HODL.
Nothing else we can do.
I'd rather lose everything than sell now at a loss.

Damn straight

Spoken like a true poker player on tilt  

Have you seen me on seals or getlucky?

My best game is heads up NL.
Earlier today I won 11 BTC heads up to pay off some debt I owed.

Honestly with the price the way it is I am really debating playing 75 of my BTC.
The idea would be to raise that to 100 BTC. It would make me completely fine with the drop and cashing out those coins as that would be the same as if the price was $325 right now.
Downside of coarse if I loose it is a lot of money.
I am trying to evaluate right now if it is worth it or not.

In other words. The risk of keeping my money in btc and it going down more then it not rebounding to at least 300$.
Or the risk of playing a heads up NL match to increase my BTC to it as the same amount of money as if the coin was at 300$

At least with the second option I have control over what happens.

Tough decision.

Edit: SamedamnBTC, ___ActioNNN is that you?

[barbs]

HOly

Moley

LOL

WOW

Even hodling 1 BTC since 500 i feel like i have sunburn all over my body.

[inca]

This relentless downward spiral sucks but we HODL.
Nothing else we can do.
I'd rather lose everything than sell now at a loss.

Damn straight

Spoken like a true poker player on tilt  

Have you seen me on seals or getlucky?

My best game is heads up NL.
Earlier today I won 11 BTC heads up to pay off some debt I owed.

Honestly with the price the way it is I am really debating playing 75 of my BTC.
The idea would be to raise that to 100 BTC. It would make me completely fine with the drop and cashing out those coins as that would be the same as if the price was $325 right now.
Downside of coarse if I loose it is a lot of money.
I am trying to evaluate right now if it is worth it or not.

In other words. The risk of keeping my money in btc and it going down more then it not rebounding to at least 300$.
Or the risk of playing a heads up NL match to increase my BTC to it as the same amount of money as if the coin was at 300$

At least with the second option I have control over what happens.

Tough decision.

Edit: SamedamnBTC, ___ActioNNN is that you?

My gentle advice would be not to gamble with your savings.

Edit: new lows...

[fichtn12345]

This relentless downward spiral sucks but we HODL.
Nothing else we can do.
I'd rather lose everything than sell now at a loss.

Damn straight

Spoken like a true poker player on tilt   

This Q/2 off suit will make me win. Come one vs Pocket AA

you prolly never played much online poker. if you have pocket aces... chances are your opponent flops the nuts QQ2. but wait there is someone else with 3 3: turn: 3. river : 3. hmmm both of you lost because the bank has quad 3s. thx for playing

[SamedamnBTC]

Steven: No.

You have a point, with control over the situation, but it is a dangerouse game! Poker is too much psykologi for my liking, and you have rich morons who dont value money.. Makes not fun, at least what I think. Playing tight is not fun.

[Wolf Rainer]

It touched 224 usd :S

[ShroomsKit]

Cheap coins! Where's the party!

[SamedamnBTC]

This relentless downward spiral sucks but we HODL.
Nothing else we can do.
I'd rather lose everything than sell now at a loss.

Damn straight

Spoken like a true poker player on tilt   

This Q/2 off suit will make me win. Come one vs Pocket AA

you prolly never played much online poker. if you have pocket aces... chances are your opponent flops the nuts QQ2. but wait there is someone else with 3 3: turn: 3. river : 3. hmmm both of you lost because the bank has quad 3s. thx for playing

Haha, stopped online poker after losing 3k in under 12 hours... But you are 100% right. Fair dice can rim my ass, there is no fair in poker cards.

But surprisingly, some people seems to master the online poker scheme

[kodtycoon]