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

[GaliX]

Bitcoin is currently at the same stage you just hodl your long position until the market stops looking bullish

For a permabull the market always looks bullish.

Only trolls can't see that the whole crash from ~1200 to ~160 is nothing more than a bull flag!  

if you just look at the chart BTC is currently for the first time really in a bullish phase...

The problem is there is nothing fundamental backing this Bull-trend up like Interest rate decision etc. pp.

As if any fiat currency is backing shit up in forex. lol.

I didn't say they are backing the currency up....

I meant the bull/bear trend in the Forex market has some deeper fundamentals driving it which Bitcoin drive.

rising interest rates vs. QE programms -> EUR/USD best example currently. While the FED is talking about rising interest rates by the end of the year the ECB is talking about extending and making the QE program bigger... These are the fundamentals which create a bear/bull market at least in forex.


In Bitcoin there is nothing like that... There are also no big Banks throwing Billion and Billions of $ into the market every day.. It's more like a religion / esoteric thing still people want to believe in the end...

Nobody knows what the future will bring. Even thought here are people 105% sure Bitcoin will take over the world.

[findftp]

....
I meant the bull/bear trend in the Forex market has some deeper fundamentals driving it which Bitcoin drive.

rising interest rates vs. QE programms -> EUR/USD best example currently. While the FED is talking about rising interest rates by the end of the year the ECB is talking about extending and making the QE program bigger... These are the fundamentals which create a bear/bull market at least in forex.

In Bitcoin there is nothing like that...

For me that's actually the whole point of it.
I don't like all that QE and interest rate shit.

There are also no big Banks throwing Billion and Billions of $ into the market every day.. It's more like a religion / esoteric thing still people want to believe in the end...

Nobody knows what the future will bring. Even thought here are people 105% sure Bitcoin will take over the world.

There are no big banks needed to throw billions in the market. Price can rise without it, if you care about price.
The only thing for me (and probably many others) is to get as many bitcoin as possible. Fuck the fiat.
In the end I hope to buy shit or services with bitcoin, and otherwise it's worthless to me.
So, I'm happy with all the people selling them coins to me for fiat. I'll take good care of them.

If you don't like the esoteric thing, than maybe this game isn't yours.
Stick with forex is my suggestion.

[ChartBuddy]

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[The KGB]

300

[ChartBuddy]

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[JimboToronto]

300

? ? ?

[Fakhoury]

300

? ? ?

Don't feed the trolls

[TaurusBit]

300

? ? ?

Sparta

[adamstgBit]

[JimboToronto]

32000

[BrewCrewFan]

Beijing market is in meltdown, so expect some temporary gains in Bitcoin. Next few hours will be interesting.

But we will be back to 230 by Friday.

If that is the case you should be more than happy to take 10 bucks over your spot price then, after all, giving you 10 dollar profit.

More profitable to sell at 290 and buy them back at the lower price. If you are a hoddler, then you may not get that.

What this holder doesn't get is how you can be so sure it's going to be appreciably lower on Friday, let alone all the way down to $230.

Sounds like a typical beartard pipe dream.

If it goes down to 230 or below I will gladly toss in more than me weekly 3% I normally do. Heck, still waiting on the sub 200, I got very lucky earlier this year and caught the crash below 200 and happened to have money to buy a little bit. IMO, a return on my 1.5 BTC buy has shown great return if I have to cash out now. More than if I had put it into a saving account for sure.

[BlackSpidy]

We're going to a huge teacup. We'll look back and say "of course!". We'll see the pre-halving pump/dump form the teacup pattern with the (then, previous) ATH, then launching up above and beyond. I am not concerned about the next year of bitcoin at all. I am completely relaxed and content with where we're going.

[JimboToronto]

Well good morning Bitcoinland.

You know there are things like timezones right?

LOL

I just stumbled on this post now.

Yes of course I know about time zones, an invention of Sanford Fleming, I believe. You seem to be missing the point of my repetition.

It's always morning, afternoon, evening or night somewhere in the world, but it's always morning in Bitcoinland.

It's like my formerly frequent references to coffee. When I realized some people totally missed the metaphor and thought I was talking about the beverage, I toned it down a notch.

I can't believe that some people reacted so negatively to what was intended to be a pleasant daily hello and recap of the day's status.

At least your comment was civilized. Some people actually seemed perturbed and made a more hostile response. To these people I'll just say, "Get a life".

Cheers.  

[ChartBuddy]

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[JimboToronto]

If it goes down to 230 or below I will gladly toss in more than me weekly 3% I normally do. Heck, still waiting on the sub 200, I got very lucky earlier this year and caught the crash below 200 and happened to have money to buy a little bit. IMO, a return on my 1.5 BTC buy has shown great return if I have to cash out now. More than if I had put it into a saving account for sure.

Indeed.

I jumped all over January's dip, missed the $160 rock bottom but bought double digits at about $175, my biggest single-day purchase since early 2013. I'm hoping they'll be doubled in value soon. 

Way better than a savings account and way safer too.

[ChartBuddy]

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[ChartBuddy]

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[Chef Ramsay]

NOM NOM NOM

This raw sugar diet isn't doin you any favors, gentlemen.
Just like BTC pumps, the shaky high invariably ends in a splattering crash

Thanks for that insight, chop chip. You've done more than your fair share to spread nothing of any importance, thx. Go ahead and buy a hand full of coins to make up for your sins.

[Chef Ramsay]

Haven't been here for a while, but it looks like it might be worth to start shorting again...

Suicidal thoughts won't pan out very well at this stage of the game, bro or whoever you are. But if you're joshing then short away! 

[Chef Ramsay]

I was about 23 pages behind in this thread so I thought fuck it and I went to the last one. I can't understand why everyone is so bullish back here?

the normal "we are going to the moon" bulltards stuff

Yeah, pay no attention to the moon stuff at the end of a bear market, it's not possible when the show changes characters. No chance of higher prices but you can sell now and let the adults take over your lot if you're scared or wanting out at a break even point. The big boys get profits and the timid sell at a loss or break even. Best of luck to ya.