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

[adamstgBit]

Like I have stated before, too fast a raise is no good. 25% every 30 days is fine by me.

Oh yes! This is definitely a "good", "healthy" rate of price appreciation.

See you next year this time at ~$4,400 and the year after at ~$64,000.

Shoot by the end of 2018 we'll be at the $1,000,000 that we all dream about!

Where do I sign?

you didn't sign up already?

[Dilla]

Is that the same thing I signed in blood and gave my soul too?

[DaRude]

Imagine if you bought in at 500 thinking 'this is it'.

I imagine some of us have to do less imagining than others

I've been investing for just under 6 months & have so far amassed 8.75 BTC, I bought most of my coins when the price was around £350 (GBP)

That was a long time ago.

It got a lot worse than that when I was buying at those kind of prices.
I just about broke even on average with my whole stash when we hit £240 GBP the other week because I've been buying all the way down.
Now it's down to £205 GBP so we're talking thousands of pounds down again.
(I usually talk in USD as most people here do but I am British).

Sigh

Thinking about selling some (for the 1st time ever) next time we have an upwards move.

Imagineif you bought in at $1200 and are still hodling...

[luigi1111]

Like I have stated before, too fast a raise is no good. 25% every 30 days is fine by me.

Oh yes! This is definitely a "good", "healthy" rate of price appreciation.

See you next year this time at ~$4,400 and the year after at ~$64,000.

Shoot by the end of 2018 we'll be at the $1,000,000 that we all dream about!

Where do I sign?

you didn't sign up already?

I never bought those 3 BTC back. Turns out I made a decent decision for once. But what I really want to know is: Are we going up or down from here!?! (hey, my 3 BTC are now almost 5!)

[dothebeats]

Like I have stated before, too fast a raise is no good. 25% every 30 days is fine by me.

Oh yes! This is definitely a "good", "healthy" rate of price appreciation.

See you next year this time at ~$4,400 and the year after at ~$64,000.

Shoot by the end of 2018 we'll be at the $1,000,000 that we all dream about!

Where do I sign?

you didn't sign up already?

I never bought those 3 BTC back. Turns out I made a decent decision for once. But what I really want to know is: Are we going up or down from here!?! (hey, my 3 BTC are now almost 5!)

Probably up. My 1 btc investment at sub-$200 earlier this year is now worth  2 btc now, so I doubled my coins' value when I sold at $440+ a few days back. Just patiently waiting for that sub-$300 again to buy back in cheap before the next run.

[adamstgBit]

sounds like everyone is doing OK

[adamstgBit]

>320 in <6 hours

[adamstgBit]

[AmazonStuff]

>320 in <6 hours

Could you elaborate please?

[koryu]

sounds like everyone is doing OK

just holding the bag... guess if we go below 300 these btcs will turn from hoes into housewifes

[L0uis]

Seems it doesn't want to. But it could be too early

[ChartBuddy]

Coin

Explanation

[adamstgBit]

any geniuses left to dump it to 305 once more?

[marcus_of_augustus]

any geniuses left to dump it to 305 once more?

endless trolls to dump on anything that moves up ... ya think they might have learned by now

pullback confirmed healthy, looks like upsy daisy time again.

[oda.krell]

... and just like that all the mainstream media bitcoin-pump articles stopped, like magic.

Price-perception manipulation, TA analysis tool price-targetting, HFT, leveraged derivatives, say hello to Wall St. guys this is what you asked for.

I know people like to conceptualize the swings as "pump and dumps", but reality is probably a bit more complex, and, yes, professional algorithmic trading likely plays a large part in this.

Not sure that's a bad thing though, per se: it makes (private, "retail") trading more challenging, though not impossible, but that's a sign of a maturing market as well, isn't it? The uncontested "bubble run-ups" (that went on for weeks or months) are maybe a thing of the past then, but again: how is that bad? The market is evolving, and that is (imo) more exciting than depressing.

[Dilla]

Not 100% sure we aren't going to $305 again lol. Kind of pathetic after that massive drop we aren't $320+

[riils]

any geniuses left to dump it to 305 once more?

The real geniuses are those who think that price will go up for no reason.

After the break at 500, it was almost obvious that price will return to mean - 250 or so.

[marcus_of_augustus]

... and just like that all the mainstream media bitcoin-pump articles stopped, like magic.

Price-perception manipulation, TA analysis tool price-targetting, HFT, leveraged derivatives, say hello to Wall St. guys this is what you asked for.

I know people like to conceptualize the swings as "pump and dumps", but reality is probably a bit more complex, and, yes, professional algorithmic trading likely plays a large part in this.

Not sure that's a bad thing though, per se: it makes (private, "retail") trading more challenging, though not impossible, but that's a sign of a maturing market as well, isn't it? The uncontested "bubble run-ups" (that went on for weeks or months) are maybe a thing of the past then, but again: how is that bad? The market is evolving, and that is (imo) more exciting than depressing.

anything that smells like a rigged market with incredibly volatile moves that  only benefit the rich and powerful is dead on arrival for mainstreet ... maybe that's exactly what Wall St. wants with bitcoin (same as they did with gold and silver)?

[adamstgBit]

any geniuses left to dump it to 305 once more?

The real geniuses are those who think that price will go up for no reason.

After the break at 500, it was almost obvious that price will return to mean - 250 or so.

10 geniuses  vs half a million retards.

it's going to be interesting.

[bambou]

... and just like that all the mainstream media bitcoin-pump articles stopped, like magic.

Price-perception manipulation, TA analysis tool price-targetting, HFT, leveraged derivatives, say hello to Wall St. guys this is what you asked for.

I know people like to conceptualize the swings as "pump and dumps", but reality is probably a bit more complex, and, yes, professional algorithmic trading likely plays a large part in this.

Not sure that's a bad thing though, per se: it makes (private, "retail") trading more challenging, though not impossible, but that's a sign of a maturing market as well, isn't it? The uncontested "bubble run-ups" (that went on for weeks or months) are maybe a thing of the past then, but again: how is that bad? The market is evolving, and that is (imo) more exciting than depressing.

anything that smells like a rigged market with incredibly volatile moves that  only benefit the rich and powerful is dead on arrival for mainstreet ... maybe that's exactly what Wall St. wants with bitcoin (same as they did with gold and silver)?

Let the financial crisis come, bails in and out, neg interest rates, credit bubbles pop and domestic markets collapse.

Cheap cheap BTC incoming.

Thx WS.