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

[BitChick]

I see some people are talking about bears and bulls?  What the heck does this have to do with bitcoin anyhow?  I'm a total newb by the way....

In stocks there are "bear markets" and "bull markets."

For an over simplified description:

Bears are pessimists
Bulls are optimists

Bears believe the price is going down
Bulls believe the price is going up

Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding.  Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.

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[LFC_Bitcoin]

In the assumption that a bear's wish is to see a bull in despair, then why don't bears want another 10X exponential spike? Surely, bears would take the most pleasure the harder the fall, and they can stand to make more money on the way down as well.

Bears want early gratification. Bulls are happy to accumulate positions over years

Bulls around from early years? Most rich.
Bears around from early years? Edward50, XiaoXiao, Kwukduck, Nagle - not rich but sticking to their guns - bitcoin is going to single digits!!

It really, really isn't.
Even if it did why would that make you happy, you won't make any money then will you.

[BitAddict]

I see some people are talking about bears and bulls?  What the heck does this have to do with bitcoin anyhow?  I'm a total newb by the way....

In stocks there are "bear markets" and "bull markets."

For an over simplified description:

Bears are pessimists
Bulls are optimists

Bears believe the price is going down
Bulls believe the price is going up

Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding.  Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.

Because it is the way you make money in a overall bear market like this one for 16 months?
Follow the trend and make money. Don't fight against it.

[WeltMaster]

Bears around from early years? Edward50, XiaoXiao, Kwukduck, Nagle - not rich but sticking to their guns - bitcoin is going to single digits!!

With all those combined years of expertise they should combine heads and come up with their own coin that never, ever stops spiraling down. It could put a lot of minds at rest and they'll be nicer around the house.

They have

It's called fiat

 

[inca]

Walls on finex shrivelling with very low volume melt up..battle soon.

[LFC_Bitcoin]

I see some people are talking about bears and bulls?  What the heck does this have to do with bitcoin anyhow?  I'm a total newb by the way....

In stocks there are "bear markets" and "bull markets."

For an over simplified description:

Bears are pessimists
Bulls are optimists

Bears believe the price is going down
Bulls believe the price is going up

Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding.  Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.

Maybe they're bitter they missed out on being early adopters.
They secretly believe BTC is going to be huge but want the price to go really low temporarily so they can build up a big stash to reap the rewards in years time.

[BitChick]

I see some people are talking about bears and bulls?  What the heck does this have to do with bitcoin anyhow?  I'm a total newb by the way....

In stocks there are "bear markets" and "bull markets."

For an over simplified description:

Bears are pessimists
Bulls are optimists

Bears believe the price is going down
Bulls believe the price is going up

Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding.  Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.

Because it is the way you make money in a bear market like this one for 16 months?
Follow the trend and make money. Don't fight against it.

I get that.  Taking advantage of the trend is smart, if you have the ability to do so.  But when the price starts to swing the other direction do these same people become "bulls" or do they just stay "bears?"  I have respect for those that are bears in a bear market and bulls in a bull market and have the wisdom to see which market we are actually in!  

[WeltMaster]

I see some people are talking about bears and bulls?  What the heck does this have to do with bitcoin anyhow?  I'm a total newb by the way....

In stocks there are "bear markets" and "bull markets."

For an over simplified description:

Bears are pessimists
Bulls are optimists

Bears believe the price is going down
Bulls believe the price is going up

Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding.  Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.

Maybe they're bitter they missed out on being early adopters.
They secretly believe BTC is going to be huge but want the price to go really low temporarily so they can build up a big stash to reap the rewards in years time.

That's my understanding of the real bears on here.

They love accumulating coins, and the best way to do that is "for as cheap as possible for as long as possible".

[gentlemand]

Maybe they're bitter they missed out on being early adopters.

I think the clincher is that they were screaming doom when it was a few dollars or less only to witness it blowing up around them. That's not going to be very good for the average soul.

[aminorex]

Monkey thinks price will be downish until Monday-Wednesday turn starts a steady upward move, but 250 will hold the bottom.

[LFC_Bitcoin]

Maybe they're bitter they missed out on being early adopters.

I think the clincher is that they were screaming doom when it was a few dollars or less only to witness it blowing up around them. That's not going to be very good for the average soul.

Imagine being aware of BTC when it was 20 USD or less, being a member here & slating BTC saying it was shit & would go to 0, don't buy many/any coins & miss out on tens of thousands of dollars if not more.

[inca]

Maybe they're bitter they missed out on being early adopters.

I think the clincher is that they were screaming doom when it was a few dollars or less only to witness it blowing up around them. That's not going to be very good for the average soul.

Imagine being aware of BTC when it was 20 USD or less, being a member here & slating BTC saying it was shit & would go to 0, don't buy many/any coins & miss out on tens of thousands of dollars if not more.

Try 2 dollars in the names I quoted..

[dreamspark]

I see some people are talking about bears and bulls?  What the heck does this have to do with bitcoin anyhow?  I'm a total newb by the way....

In stocks there are "bear markets" and "bull markets."

For an over simplified description:

Bears are pessimists
Bulls are optimists

Bears believe the price is going down
Bulls believe the price is going up

Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding.  Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.

Because it is the way you make money in a bear market like this one for 16 months?
Follow the trend and make money. Don't fight against it.

I get that.  Taking advantage of the trend is smart, if you have the ability to do so.  But when the price starts to swing the other direction do these same people become "bulls" or do they just stay "bears?"  I have respect for those that are bears in a bear market and bulls in a bull market and have the wisdom to see which market we are actually in!  

Of course they become bulls but lets not forget we're in an overall 15 month long downtrend. Each time making lower highs. $315 was the top of the "coinbase pump" if we go down from here its still a bear market imo after not convincingly breaking $300 and retesting the previous bottom is not out of the question. Anyone who tells you thats impossible are the same people saying we could never go below 400300 200. People would make so much more money if they didn't fight the trend. Yesterday was an epic day, profits were over 300%. Just ride the trend and don't sit there staring at the screen wondering why. 

[inca]

I see some people are talking about bears and bulls?  What the heck does this have to do with bitcoin anyhow?  I'm a total newb by the way....

In stocks there are "bear markets" and "bull markets."

For an over simplified description:

Bears are pessimists
Bulls are optimists

Bears believe the price is going down
Bulls believe the price is going up

Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding.  Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.

Because it is the way you make money in a bear market like this one for 16 months?
Follow the trend and make money. Don't fight against it.

I get that.  Taking advantage of the trend is smart, if you have the ability to do so.  But when the price starts to swing the other direction do these same people become "bulls" or do they just stay "bears?"  I have respect for those that are bears in a bear market and bulls in a bull market and have the wisdom to see which market we are actually in!  

Of course they become bulls but lets not forget we're in an overall 15 month long downtrend. Each time making lower highs. $315 was the top of the "coinbase pump" if we go down from here its still a bear market imo after not convincingly breaking $300 and retesting the previous bottom is not out of the question. Anyone who tells you thats impossible are the same people saying we could never go below 400300 200. People would make so much more money if they didn't fight the trend. Yesterday was an epic day, profits were over 300%. Just ride the trend and don't sit there staring at the screen wondering why. 

Yesterday was black swan news driven. Technicals were overbought but you had no idea that would happen. Show off your profits though

[LFC_Bitcoin]

Maybe they're bitter they missed out on being early adopters.

I think the clincher is that they were screaming doom when it was a few dollars or less only to witness it blowing up around them. That's not going to be very good for the average soul.

Imagine being aware of BTC when it was 20 USD or less, being a member here & slating BTC saying it was shit & would go to 0, don't buy many/any coins & miss out on tens of thousands of dollars if not more.

Try 2 dollars in the names I quoted..

Owch.


I'm not going to lie.
I've built up a pretty good stash of coins in the 'nearly a year' that I've been accumulating.
I'm a HODLER, I've never sold anything but I am at least a 35% loss right now maybe more (on todays price).
It's pretty much all in cold storage, praying & hoping it's my lottery ticket one day

[gentlemand]

Imagine being aware of BTC when it was 20 USD or less, being a member here & slating BTC saying it was shit & would go to 0, don't buy many/any coins & miss out on tens of thousands of dollars if not more.

Yup. They'll always be with us wherever it goes from here. People still can't agree on gold even though it's been around for a few dozen centuries.

[inca]

Maybe they're bitter they missed out on being early adopters.

I think the clincher is that they were screaming doom when it was a few dollars or less only to witness it blowing up around them. That's not going to be very good for the average soul.

Imagine being aware of BTC when it was 20 USD or less, being a member here & slating BTC saying it was shit & would go to 0, don't buy many/any coins & miss out on tens of thousands of dollars if not more.

Try 2 dollars in the names I quoted..

Owch.


I'm not going to lie.
I've built up a pretty good stash of coins in the 'nearly a year' that I've been accumulating.
I'm a HODLER, I've never sold anything but I am at least a 35% loss right now maybe more (on todays price).
It's pretty much all in cold storage, praying & hoping it's my lottery ticket one day

As long as you know the risk and can do without the money then relax and enjoy the gut wrenching volatility ride.

[BitChick]

I see some people are talking about bears and bulls?  What the heck does this have to do with bitcoin anyhow?  I'm a total newb by the way....

In stocks there are "bear markets" and "bull markets."

For an over simplified description:

Bears are pessimists
Bulls are optimists

Bears believe the price is going down
Bulls believe the price is going up

Why anyone who is involved with BTC enjoys being a "bear" is beyond my understanding.  Sure, bear markets are a part of the cycle but I would think logically being a long term "bull" makes more sense.

Because it is the way you make money in a bear market like this one for 16 months?
Follow the trend and make money. Don't fight against it.

I get that.  Taking advantage of the trend is smart, if you have the ability to do so.  But when the price starts to swing the other direction do these same people become "bulls" or do they just stay "bears?"  I have respect for those that are bears in a bear market and bulls in a bull market and have the wisdom to see which market we are actually in!  

Of course they become bulls but lets not forget we're in an overall 15 month long downtrend. Each time making lower highs. $315 was the top of the "coinbase pump" if we go down from here its still a bear market imo after not convincingly breaking $300 and retesting the previous bottom is not out of the question. Anyone who tells you thats impossible are the same people saying we could never go below 400300 200. People would make so much more money if they didn't fight the trend. Yesterday was an epic day, profits were over 300%. Just ride the trend and don't sit there staring at the screen wondering why. 

Like I said, not everyone has the wisdom to see what kind of market we are in.  Some of us, myself included, have tried trading and realize that we totally suck at it.  I haven't lost anything thankfully, mostly because I actually listened to my husband and we sold some off when the price was higher.  We then bought some back at a lower price and are now in the "green" but I feel like to trade would not be wise for me to do because I am just not very good at guessing which direction we are moving.  If I believe the price is going to go up long-term, which I do, then holding long-term is less risky for someone like me.  Hence why I am a long-term bull.

[LFC_Bitcoin]

Maybe they're bitter they missed out on being early adopters.

I think the clincher is that they were screaming doom when it was a few dollars or less only to witness it blowing up around them. That's not going to be very good for the average soul.

Imagine being aware of BTC when it was 20 USD or less, being a member here & slating BTC saying it was shit & would go to 0, don't buy many/any coins & miss out on tens of thousands of dollars if not more.

Try 2 dollars in the names I quoted..

Owch.


I'm not going to lie.
I've built up a pretty good stash of coins in the 'nearly a year' that I've been accumulating.
I'm a HODLER, I've never sold anything but I am at least a 35% loss right now maybe more (on todays price).
It's pretty much all in cold storage, praying & hoping it's my lottery ticket one day

As long as you know the risk and can do without the money then relax and enjoy the gut wrenching volatility ride.

Yeah I'm totally ok riding it out.
Not known for my patience, would be nice to wake up one day and see 5000 dollar coins.
Maybe in 10 years.

[JaredStein]

Monkey thinks price will be downish until Monday-Wednesday turn starts a steady upward move, but 250 will hold the bottom.

I think that it might hit the 220-240 range but I did buy in 1 BTC around the 250 cause I thought it was a good enough price then.