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

[tarmi]

Where did this bs pump come from? It's a waste. No matter how high the price goes, the non-believers/whales/manipulators/sadists are going to keep pushing it down. Why fight it, just let them get to double digits and then we can finally go up.

It's an illusion to think that once we get to X we can all just happily buy again and go up. If we do get to double digits you will be very scared to buy and the single digit crew will be hard at work convincing you that the price can't go up until we hit $5 or whatever arbitrary number. There is no magical number where buying fills all of us with butterflies and rainbows, the doom is always palpable and looming above our heads. Only once you see through the psychology and can objectively look at it from the outside you can find good entry points to buy (or sell).

This is true otherwise many more people would've been able to snag something at the last real low. The despair/unknowing period sometimes just makes people stunned and in a bind as to what to do next. Hopefully, people have learned. However, tonight no one knew the bottom would be around 236-7 and the chance passed them by, including me at this point. But I did bag some good swaps.

I didn't catch the bottom, but I have been buying steadily today.

I guess I would say you're a lucky man or sheer genius to catch those or make those bids in such a situation. Well done, partner.

 

I am laughing my ass right now. why are you congratulating him for buying this now?

are you guys serious?

sheer genius!!!! partner!!!

lel

[Miz4r]

I guess I would say you're a lucky man or sheer genius to catch those or make those bids in such a situation. Well done, partner.

Not really, just a calculated risk. I had a stop loss in case the market proved me wrong, I'm not saying where though.

[Chef Ramsay]

Where did this bs pump come from? It's a waste. No matter how high the price goes, the non-believers/whales/manipulators/sadists are going to keep pushing it down. Why fight it, just let them get to double digits and then we can finally go up.

It's an illusion to think that once we get to X we can all just happily buy again and go up. If we do get to double digits you will be very scared to buy and the single digit crew will be hard at work convincing you that the price can't go up until we hit $5 or whatever arbitrary number. There is no magical number where buying fills all of us with butterflies and rainbows, the doom is always palpable and looming above our heads. Only once you see through the psychology and can objectively look at it from the outside you can find good entry points to buy (or sell).

This is true otherwise many more people would've been able to snag something at the last real low. The despair/unknowing period sometimes just makes people stunned and in a bind as to what to do next. Hopefully, people have learned. However, tonight no one knew the bottom would be around 236-7 and the chance passed them by, including me at this point. But I did bag some good swaps.

I didn't catch the bottom, but I have been buying steadily today.

I guess I would say you're a lucky man or sheer genius to catch those or make those bids in such a situation. Well done, partner.

 

I am laughing my ass right now. why are you congratulating him for buying this now?

are you guys serious?

sheer genius!!!!

lel

Cuz he can sell now if not adding to the stash and run it again if the price goes lower. Lighten up dude, you don't need to be a perpetual butterball during the flip. I didn't buy yet but just observing for the time being and putting some pocket change up for swaps at the moment. It's all good, ninny. I'm just replenishing my litecoin figures w/ my other piggy bank on these drops. There it is.

[tarmi]

Where did this bs pump come from? It's a waste. No matter how high the price goes, the non-believers/whales/manipulators/sadists are going to keep pushing it down. Why fight it, just let them get to double digits and then we can finally go up.

It's an illusion to think that once we get to X we can all just happily buy again and go up. If we do get to double digits you will be very scared to buy and the single digit crew will be hard at work convincing you that the price can't go up until we hit $5 or whatever arbitrary number. There is no magical number where buying fills all of us with butterflies and rainbows, the doom is always palpable and looming above our heads. Only once you see through the psychology and can objectively look at it from the outside you can find good entry points to buy (or sell).

This is true otherwise many more people would've been able to snag something at the last real low. The despair/unknowing period sometimes just makes people stunned and in a bind as to what to do next. Hopefully, people have learned. However, tonight no one knew the bottom would be around 236-7 and the chance passed them by, including me at this point. But I did bag some good swaps.

I didn't catch the bottom, but I have been buying steadily today.

I guess I would say you're a lucky man or sheer genius to catch those or make those bids in such a situation. Well done, partner.

 

I am laughing my ass right now. why are you congratulating him for buying this now?

are you guys serious?

sheer genius!!!!

lel

Cuz he can sell now if not adding to the stash and run it again if the price goes lower. Lighten up dude, you don't need to be a perpetual butterball during the flip. I didn't buy yet but just observing for the time being and putting some pocket change up for swaps at the moment. It's all good, ninny. I'm just replenishing my litecoin figures w/ my other piggy bank on these drops.

the flip?

litecoin?

got it!

[damiano]

Wall @242 is the only thing holding this up

[Chef Ramsay]

Where did this bs pump come from? It's a waste. No matter how high the price goes, the non-believers/whales/manipulators/sadists are going to keep pushing it down. Why fight it, just let them get to double digits and then we can finally go up.

It's an illusion to think that once we get to X we can all just happily buy again and go up. If we do get to double digits you will be very scared to buy and the single digit crew will be hard at work convincing you that the price can't go up until we hit $5 or whatever arbitrary number. There is no magical number where buying fills all of us with butterflies and rainbows, the doom is always palpable and looming above our heads. Only once you see through the psychology and can objectively look at it from the outside you can find good entry points to buy (or sell).

This is true otherwise many more people would've been able to snag something at the last real low. The despair/unknowing period sometimes just makes people stunned and in a bind as to what to do next. Hopefully, people have learned. However, tonight no one knew the bottom would be around 236-7 and the chance passed them by, including me at this point. But I did bag some good swaps.

I didn't catch the bottom, but I have been buying steadily today.

I guess I would say you're a lucky man or sheer genius to catch those or make those bids in such a situation. Well done, partner.

 

I am laughing my ass right now. why are you congratulating him for buying this now?

are you guys serious?

sheer genius!!!!

lel

Cuz he can sell now if not adding to the stash and run it again if the price goes lower. Lighten up dude, you don't need to be a perpetual butterball during the flip. I didn't buy yet but just observing for the time being and putting some pocket change up for swaps at the moment. It's all good, ninny. I'm just replenishing my litecoin figures w/ my other piggy bank on these drops.

the flip?

litecoin?

got it!

The spec value ahead is worth the buy and hold on the cheap. I've been turning this up/down and up for a while now. You must be in the US for bellying up to the bar in this timeframe and bellowing.

[Warren Buffett]

Hmm.. another dip in the price. What could be causing it?

https://www.cryptocoinsnews.com/wp-content/uploads/2014/07/5-16-12-bubble-pop-copy-750x400.jpg

[JorgeStolfi]

I could not get all the charts in the same scale for a proper comparison, but my impression is that the large sudden swings still come from the Chinese exchanges, OKCoin or perhaps Huobi.  In particular, those sharp drops that are immediately reversed seem to be deeper at OKCoin than in the other exchanges.  I could understand them as someone dumping a lot of BTC at OKCoin, and arbitragers then transferring those coins to the other exchanges, where they cause smaller dips.  Does it make sense?

[shmadz]

I could not get all the charts in the same scale for a proper comparison, but my impression is that the large sudden swings still come from the Chinese exchanges, OKCoin or perhaps Huobi.  In particular, those sharp drops that are immediately reversed seem to be deeper at OKCoin than in the other exchanges.  I could understand them as someone dumping a lot of BTC at OKCoin, and arbitragers then transferring those coins to the other exchanges, where they cause smaller dips.  Does it make sense?

Sure, why not? Bitcoin allows for some very efficient arbitrage, as long as you keep a ton of fiat in your accounts.  You can top up or redistribute your bitcoin balances in minutes, but it could take up to a week or more to replenish your fiat.

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[SkyValeey]

Hmm.. another dip in the price. What could be causing it?

LOL

Supply > Demand?

Mmm bear trap looks like now

[PeterB]

ETA on next major rally? 

[ChartBuddy]

Coin
Explanation

[JayJuanGee]

ETA on next major rally? 

approximately within the next week to two years.. somewhere in that timeframe.   

[Fatman3001]

ETA on next major rally? 

[ChartBuddy]

Coin
Explanation

[cmacwiz]

ETA on next major rally? 

Yea, why don't we just all agree on the next major rally time, and then we buy right before it?

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

Longs increasing.
Things could get interesting this week.
My advice is to buy before we surge upwards.