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

[Searing]

I'm shorting this horse down to double digits!

Go all in and tell your friends also. Rocket needs more shorts.

All my friends think i'm crazy for speculating on this Bitcoin thingy since 2011

a guy who heard I was in it in 2013...(i tended to tell folk about btc when it was 1100 a btc and I was mining..now i'm more quiet about such lol)

Anyway went off on how I lost my Ass now that btc dropped from 1100 to 325 or so.

I had to 'inform' him that I 'mined' all my BTC and am currently 20k ahead on my 18k investment in equip and elec from 2013 to this point on all my prev equipment

I'm at 101 BTC (or equiv if i cashed out my LTC also now) ...you could see him rapidly doing the math in his head...heh

oops.....I went from chump to champ in like 14 seconds...

[TReano]

up & down.... !

https://www.youtube.com/watch?v=hlv672jqbtE


cheap cheap!

[Dotto]

Isn´t beauty?

[ChartBuddy]

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Explanation

[peonminer]

Getttt ittt chart buddy let them traders know it's the weekend dump!

[becoin]

You've made 20k bucks over 2+ years? And it's all unrealized profit

I keep all my realized profits in BTC. I'm happy with my decision for it proved to be the right one.

[QuestionAuthority]

I guess 300-400 is the new 200-300. Will we spend a year in this range too? At that rate we should be at $10,000 a coin in only 65 years.

[Feri22]

You've made 20k bucks over 2+ years? And it's all unrealized profit

I keep all my realized profits in BTC. I'm happy with my decision for it proved to be the right one.

Bitcoin has lost 2/3rds of its value over the last 2 years, and you still haven't learned the meaning of unrealized profits

OMG you are an idiot...If you don't believe in btc fuck off from btc forum

[ChartBuddy]

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Explanation

[Fatman3001]

BAAAAAAAAAHHH!!!!!!!
WE ARE WINNING!!!!!

[Fatman3001]

Explanation

Brilliant!

[ssmc2]

2h PSAR flipped to bearish on BTCChina and Bitfinex.

Seems to be an unreliable indicator

In this case, it was misleading... Oh shit...

Your short term technical indicators have no power here. 

Well done, bulls... You made me close my short at a loss, but fortunately I didn't buy into this fools' mini-rally.
Failure to break resistance IMO will result in the formation of a larger triangle that will break down in a couple of days.  

Stubborn, aren't ya? 

[Gyrsur]

Explanation

ChartBuddy sold his account too? 

[becoin]

You've made 20k bucks over 2+ years? And it's all unrealized profit

I keep all my realized profits in BTC. I'm happy with my decision for it proved to be the right one.

Bitcoin has lost 2/3rds of its value over the last 2 years, and you still haven't learned the meaning of unrealized profits

I'm just laughing at your '2 years' argument for I'm trading bitcoins since it was a single digit of dollars at MtGox.
Profits => bitcoins => bitcoin withdrawal from the exchange.
Never had any issues with any exchange so far.

[becoin]

This is a thread for bitcoin traders. People who trade bitcoin. What you're looking for is a thread for bitcoin cultists, where people believe in bitcoin

Well, it seems what you're looking for is a thread for dollar cultists, where people believe in dollar.

Question:

Why bitcoin cultists are not interested in dollar dedicated forums? Why dollar cultists are flocking to bitcoin forums?

[abercrombie]

Longs margin interest has surpassing short interest, which took a nose dive last couple days.

Less short sellers to be squeezed upward.

As a contrarian indicator, this is not good for further upside since the market usually goes opposite of what traders think.

[Torque]

Longs margin interest has surpassing short interest, which took a nose dive last couple days.

Less short sellers to be squeezed upward.

As a contrarian indicator, this is not good for further upside since the market usually goes opposite of what traders think.

Yup, these margin shifts are exactly what the whale looks for to make big moves.

Also, beware rising price on falling volume.

This whole thing will take 6-8 weeks to play out fully, maybe longer.  Only day traders love all the silly little interim swings, and most end up making very little if anything anyway.

[Richy_T]

Damage and recovery is good for the Bitcoin price. It's like some kind of Sayan that gets stronger every time it's defeated but not killed. What is not good is the long, drawn-out downtrend that we saw for two years. That's broken now so I reckon a bit of consolidation then we'll see some significant upside as people load up in the run-up to the halvening.

[Fatman3001]

Lambie does seem a bit emotional lately. Sort of defensive. Not as cool and detached as usual.

As if he recently lost a fortune.

Ahhhhhhh..........

[ChartBuddy]

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Explanation