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

[becoin]

Long term trading strategy is changing. Now it is 'buy on dips'.
Wherever price goes wait for a ~$10/15 sudden drop and buy for a new top!

[wutizurkwest]

Methinks a sizable correction is imminent.  Predict Chinese exchanges will bounce off ~2100 before resuming the upward trend.  We might see $31x on Stamp etc.

[JorgeStolfi]

Market makers drawing a parabolic 30 day chart. Wonder what they're trying to accomplish

During rallies price does not increase as a pure exponential, like P(t) = A*B^(t-t0).  If it did, it would make a straight line on log-scale plots. 

The price does seem to grow exponentially during rallies, but starting on top of the previous base price: something like P(t) = A*B"(t-t0) + C.   The graph of that would still curve up like an exponential at first, even on a log-scale plot.  The log plot will begin to straighten out only after the first term gets much bigger than C.

In this case C is about $220, so the log-scale plot may straighten out only if and when the price hits $500 or so.

[orpington]

3 Bitcoins for a $1000.

Act NOW while supplies last.

[dothebeats]

Methinks a sizable correction is imminent.  Predict Chinese exchanges will bounce off ~2100 before resuming the upward trend.  We might see $31x on Stamp etc.

Much more ideal rather than a continuous steep climb for me. A retrace back to $31x as you said should still be fine before continuing on to this journey to the moon. How's everyone doing right now?

[arandy]

China seems to be on it's way back again slowly but for how long 

[dothebeats]

China seems to be on it's way back again slowly but for how long 

I'm thinking that if they got a lot of coins from the bear market (accumulation phase as I see it) for 2 years, there is enough motivation for them to push this price upwards. If it isn't that way, then I don't think what caused them to push this aside from the impending capital controls on their country.

[ChartBuddy]

Coin

Explanation

[eatmyshorts1]

Avid follower of news, recent follower of crypto here.

What you're going to see, boys, is an exit from fiat into bitcoin. This is the real deal. I personally moved 40% wealth into btc and will consider anything a bargain below $1k/btc as I do believe decentralized currency is safer than central bank regulated currency.

This is a harbinger of many people around the world fearing a repeat of the 2008 financial crisis. Buy. Or sell to me

[BitofaN1]

Avid follower of news, recent follower of crypto here.

What you're going to see, boys, is an exit from fiat into bitcoin. This is the real deal. I personally moved 40% wealth into btc and will consider anything a bargain below $1k/btc as I do believe decentralized currency is safer than central bank regulated currency.

This is a harbinger of many people around the world fearing a repeat of the 2008 financial crisis. Buy. Or sell to me

If you're assuming an exit from fiat into crypto, then 1k/btc will be considered a bargain.Right now it looks like negative interest rates and a ban on cash are really on the horizon, ask Sweden. Anyway, welcome aboard.

[chromosoma]

[madmat]

i have been hodling two years with my btc investment in red territory, i know have to learn to hodl in the green one.

[JayJuanGee]

Woke up to take a piss. Saw Huobi at $360.

Now I can't sleep.

FUCK YOU BITCOIN!!!

FUUUUUCCCCKKK YYYYYOOOOOUUUUU!!!!!!!!!!!!!!!!

I'm having this same issue.

I have a little bit of a cold, and I took some sleeping medicine, and still it is difficult to sleep for more than a couple of hours at a time.

[LFC_Bitcoin]

i have been hodling two years with my btc investment in red territory, i know have to learn to hodl in the green one.

Pretty much exactly the same as me. Without going into specifics I've only just got into profit. I'm planning to HODL long term any way but it's nice not to be at a loss on all the money I've pumped in any more.

[rjclarke2000]

i have been hodling two years with my btc investment in red territory, i know have to learn to hodl in the green one.

Pretty much exactly the same as me. Without going into specifics I've only just got into profit. I'm planning to HODL long term any way but it's nice not to be at a loss on all the money I've pumped in any more.

Similar to me!

[Divitiae miserae]

[...]
In this case C is about $220, so the log-scale plot may straighten out only if and when the price hits $500 or so.

Time to buy?

[BitofaN1]

If China farts, western exchanges are already taking a dump. How embarrassing.

[ChartBuddy]

Coin

Explanation

[inca]

Hang in there guys.

If you held and added through the turbulence and volatility of the last two years then hang on just a bit longer. The halving is approaching and then we have ETF.

Think long term with your stash.

[JayJuanGee]

i have been hodling two years with my btc investment in red territory, i know have to learn to hodl in the green one.

Pretty much exactly the same as me. Without going into specifics I've only just got into profit. I'm planning to HODL long term any way but it's nice not to be at a loss on all the money I've pumped in any more.

Similar to me!

ditto, but I still got a bit more to go before going back into the black.   

The uptrend, has allowed some ability for me to be fairly strongly prepared for BTC prices going either way   - though the trend as definitely been looking up with the potential ability of significant snowballing for weeks to come - although next week's auction is going to be interesting too, and to see whether the auction ends up being bearish or bullish -  I'm inclined to believe the latter, even though I am preparing for either direction.