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

[Hyperjacked]

...
It really wasn't that big of a move. I'm sorry to tell you, but my rule is that the less I trade the more money I make. You just have to be patient and not try and be cute and hang on every little move.

The market is at a crossroads. It could break up or down, with large amplitude and potential large profits for those who get on board.
So traders are trying to get early on the train, whatever the direction, because missing the start could lead to a 50% potential profit miss.

This is starting to get exciting...

Loving these charts!

[ssmc2]

[Dilla]

Things are about to get wild in the next months

[marcus_of_augustus]

ummm, the manipulator just showed their hand ... and got drained 2-3k cheap coinz.

[ChartBuddy]

Coin



Explanation

[Zeta0S]

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Explanation

How did you make this cool retro "kitt 2000" graphics?

[MatTheCat]

ummm, the manipulator just showed their hand ... and got drained 2-3k cheap coinz.

Just proves that the market can be pushed any which way that The Manipulator wants it to go. Had the Stamp Whale not immediately dumped after he pumped, we would have had lift off. All technicals and fundamentals go right out of the window in this market. The whim of the whale decides.

On one hand, if the whale is a large holder of Bitcoin, surely ultimately in the long run, he wants Bitcoin to go up. Stratospheric even...on the otherhand, it is exactly shite like that 20 second pump n dump that will put off traders from investing in Bitcoin. With unregulated exchanges, what is stopping some whale from having access to an exchangers order books, seeing where all the Stops are, and basically fucking robbing people? (as happens on Bitfinex anyhow)

[kyrios_]

suddenly i had this bearish feeling come over me and i sold all my bitcoins.

see you all sub 300 suckers!

Sometimes a whale sends a spike upwards to trigger all the stop buys before dumping the market into oblivion. Then all the poor traders who's stop buys were triggered panic dump their Bitcoins for a pittance. On the other hand we might be genuinely heading up. However that spike on stamp soon crashed back down.

oh yes we've seen this before.

and there it goes

Fell for it hook line and sinker...

Earlier today, I sold all my Bitcoins and closed my leveraged long positions, expecting a further retest of lows...

All market fundamentals pointed towards a further correction...and then this happened.....and I panic bought....thankfully, only at $338 (I sold earlier at $332), but it is fucking annoying as it is yet another example of me pissing Fiat and BTC all over the floor whenever I try to be smart and beat the market.

After seeing this shite, I now have to make a decision whether I want to just leave what Bitcoins I have left (the ones I haven't lost), or cut my losses, convert to Fiat, and leave Bitcoin out for good.

Some whale entity has the market by the balls. He can do what he likes, and what he likes is everyone elses FIAT. Who wants to play in a market like this and if nobody wants to play in Bitcoinland, then there is no Bitcoinland. This whale does not have Bitcoin's best interests at heart...this is exactly the sort of shit that people see in Shitcoins or penny shares, and think..."gimme a fucking break, I aint touching that"

Dude...you have some good ideas but need some patience! Longer charts are very predictable...shorter the chart the better you need to be imHo ! Been watching this a very long time and have a good pulse on it!
Don't get greedy set you limits and trust the charts...don't buy into the bs newbie talk on here!

Cheers

if you don't mind me asking, I was just wondering what timeframe do you use for long term predictions

[MatTheCat]

Dude...you have some good ideas but need some patience! Longer charts are very predictable...shorter the chart the better you need to be imHo ! Been watching this a very long time and have a good pulse on it!
Don't get greedy set you limits and trust the charts...don't buy into the bs newbie talk on here!

Cheers

I *trust* that in the long term, Bitcoin is going up...but after having sold on the manipulated pump (to $500) way too early, and then having jumped back on considerably later, I went from being a $220 investor, to being a $390 bagholder (any profits I made can be discounted due to tarding on the way up). I have been in and out since then, taking losses on profits that could have been winners had I just braved the admittedly rather scary retest of $300, and then failing to take profits, on other trades, settling in the end for small losses, which of course, all add up, especially when compouded with my momentous HOLD blunder on the break through $360.

Since I nearly every tarding move I make, is the wrong tard, and the tarding moves I decide not to make (such as selling $360 on the way down), turns out to be the right move, I really really need to stop fucking around with Bitcoin and either hold, or get to fuck away from it.

......but, if Bitcoin goes down, it could go down all the way to $260. If I pulled that trade off (my buy ins were actually at $280), that would be a whole lot more Bitcoins, and would compensate for all my recent fuck ups.....and ya know what, now that I have resolved to stop trying to trade this Whale Market, it is a surefire certainty that Bitcoin will dip down into $200s. I am nearly always right on trades I end up not taking. Always have been and it does my fucking knut in.

[ssmc2]

Dude...you have some good ideas but need some patience! Longer charts are very predictable...shorter the chart the better you need to be imHo ! Been watching this a very long time and have a good pulse on it!
Don't get greedy set you limits and trust the charts...don't buy into the bs newbie talk on here!

Cheers

I *trust* that in the long term, Bitcoin is going up...but after having sold on the manipulated pump (to $500) way too early, and then having jumped back on considerably later, I went from being a $220 investor, to being a $390 bagholder (any profits I made can be discounted due to tarding on the way up). I have been in and out since then, taking losses on profits that could have been winners had I just braved the admittedly rather scary retest of $300, and then failing to take profits, on other trades, settling in the end for small losses, which of course, all add up, especially when compouded with my momentous HOLD blunder on the break through $360.

Since I nearly every tarding move I make, is the wrong tard, and the tarding moves I decide not to make (such as selling $360 on the way down), turns out to be the right move, I really really need to stop fucking around with Bitcoin and either hold, or get to fuck away from it.

......but, if Bitcoin goes down, it could go down all the way to $260. If I pulled that trade off (my buy ins were actually at $280), that would be a whole lot more Bitcoins, and would compensate for all my recent fuck ups.....and ya know what, now that I have resolved to stop trying to trade this Whale Market, it is a surefire certainty that Bitcoin will dip down into $200s. I am nearly always right on trades I end up not taking. Always have been and it does my fucking knut in.

Your first eleven words say it all. Hodl (and buy) and problem solved. Trying to daytrade this shit and make "a few more coins" at the risk of losing more than that is the issue. You know what you should do but seem too angry to admit/accept it.

[marcus_of_augustus]

Dude...you have some good ideas but need some patience! Longer charts are very predictable...shorter the chart the better you need to be imHo ! Been watching this a very long time and have a good pulse on it!
Don't get greedy set you limits and trust the charts...don't buy into the bs newbie talk on here!

Cheers

I *trust* that in the long term, Bitcoin is going up...but after having sold on the manipulated pump (to $500) way too early, and then having jumped back on considerably later, I went from being a $220 investor, to being a $390 bagholder (any profits I made can be discounted due to tarding on the way up). I have been in and out since then, taking losses on profits that could have been winners had I just braved the admittedly rather scary retest of $300, and then failing to take profits, on other trades, settling in the end for small losses, which of course, all add up, especially when compouded with my momentous HOLD blunder on the break through $360.

Since I nearly every tarding move I make, is the wrong tard, and the tarding moves I decide not to make (such as selling $360 on the way down), turns out to be the right move, I really really need to stop fucking around with Bitcoin and either hold, or get to fuck away from it.

......but, if Bitcoin goes down, it could go down all the way to $260. If I pulled that trade off (my buy ins were actually at $280), that would be a whole lot more Bitcoins, and would compensate for all my recent fuck ups.....and ya know what, now that I have resolved to stop trying to trade this Whale Market, it is a surefire certainty that Bitcoin will dip down into $200s. I am nearly always right on trades I end up not taking. Always have been and it does my fucking knut in.

small word of advice ... you are waaay to emotional to be tarding, eventually you will go full tard and that will be the end of you. You are basically gambling.

You're 220 entrance was good, not great but ok you should have stuck with it. Noone's getting sub-300 coinz again, take solace in the misery of others too.

[Richy_T]

Having trouble parsing what you wrote there... "You have to be exchange something of value to be able to get them"?

Phrased inelegantly, I admit but goods and services like any currency

As far as endless supply, you are, once again, confusing artificial scarcity & actual scarcity. Princess Diana BTCeanie, like your Bit-coin, is given value by artificial scarcity. Money is worth money without a random maximum number being imposed.
Please try to grasp this, because it's important.

Irrelevant. The point is that the supplier can issue more at little cost to themselves.

As far as "if you go to a different store, you can't spend them there"? I'm yet to go to a store that didn't accept fiat money, but don't need to go any further than the closest bodega to find one that won't take BTC

Countries is the metaphor here. Tell me where I can go nearby to spend the crisp 10 pound note I have left over from recent travels.

[peonminer]

Ya'll got anymore pump and dumps ?

[inca]

Having trouble parsing what you wrote there... "You have to be exchange something of value to be able to get them"?

Phrased inelegantly, I admit but goods and services like any currency

As far as endless supply, you are, once again, confusing artificial scarcity & actual scarcity. Princess Diana BTCeanie, like your Bit-coin, is given value by artificial scarcity. Money is worth money without a random maximum number being imposed.
Please try to grasp this, because it's important.

Irrelevant. The point is that the supplier can issue more at little cost to themselves.

As far as "if you go to a different store, you can't spend them there"? I'm yet to go to a store that didn't accept fiat money, but don't need to go any further than the closest bodega to find one that won't take BTC

Countries is the metaphor here. Tell me where I can go nearby to spend the crisp 10 pound note I have left over from recent travels.

It is the troll. Save your breath.

[Richy_T]

How did you make this cool retro "kitt 2000" graphics?

Just simple gd library stuff.

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

How did you make this cool retro "kitt 2000" graphics?

Just simple gd library stuff.

You! You are the chart buddy!

[adamstgBit]

suddenly i had this bearish feeling come over me and i sold all my bitcoins.

see you all sub 300 suckers!

Sometimes a whale sends a spike upwards to trigger all the stop buys before dumping the market into oblivion. Then all the poor traders who's stop buys were triggered panic dump their Bitcoins for a pittance. On the other hand we might be genuinely heading up. However that spike on stamp soon crashed back down.

oh yes we've seen this before.

and there it goes

Fell for it hook line and sinker...

Earlier today, I sold all my Bitcoins and closed my leveraged long positions, expecting a further retest of lows...

All market fundamentals pointed towards a further correction...and then this happened.....and I panic bought....thankfully, only at $338 (I sold earlier at $332), but it is fucking annoying as it is yet another example of me pissing Fiat and BTC all over the floor whenever I try to be smart and beat the market.

After seeing this shite, I now have to make a decision whether I want to just leave what Bitcoins I have left (the ones I haven't lost), or cut my losses, convert to Fiat, and leave Bitcoin out for good.

Some whale entity has the market by the balls. He can do what he likes, and what he likes is everyone elses FIAT. Who wants to play in a market like this and if nobody wants to play in Bitcoinland, then there is no Bitcoinland. This whale does not have Bitcoin's best interests at heart...this is exactly the sort of shit that people see in Shitcoins or penny shares, and think..."gimme a fucking break, I aint touching that"

I didn't actually sell my all my bitcoins... i sold a portion of the BTC profits i recently was lucky enough to make.

usually i HODL with like 90% of my coins, rarely will i actually go and sell >30% of the stash and when i do it's always with the idea of buying back in, and i justify not panic buying back with 2 reasons, one holding dollars isn't the worst thing in the world, and two price is so unbelievably unpredictable there's a good change i would eventually see a profit on whatever trade, had you sold @ 390 2 years ago on during the run up, you could of panicked bought back, or you could simply have waited and bought back at a profit...

strap yourself in for 5-10 years MINIMUM understand that if all goes well you won't need to ever converted to fiat... and have a trading wallet for fun, HODL it like a MOFO, and HODL your trade like a MOFO as well.

your an idiot if you sell everything now and walk away and you know that. Sure this market is special,  its on 24/7,  some dude in Nigeria could dump 10,000BTC on stamps and buy them all back 20 mins later with 0 paper work filled out, fake walls, free for all, whale eat whale, with no government too big to fail safety net. you really think there's 1 guy pushing bitcoins buttons with 50K BTC? no way in hell, bitcoin "Bitcoin" has been declared the official future of money by pretty every bank that matters, there's at least 50 Mr Manipulators.

even if BankCoin wins the war bitcoin will always be highly sought after, if for nothing else then a collectors item, and when crypto rules the world, bitcoins value is FOR SURE > then infinite fiat dollars.

Buy or die.

[acakf]

...
strap yourself in for 5-10 years MINIMUM understand that if all goes well you won't need to ever converted to fiat... and have a trading wallet for fun, HODL it like a MOFO, and HODL your trade like a MOFO as well.

your an idiot if you sell everything now and walk away and you know that. ...

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[marcus_of_augustus]

Bitcoin, as a decentralised corporation, issuing bitcoin shares, is easily worth $10 bill, on today's functionality, operations, brand, audience, usage alone (discounting future expansion). It is waaaay oversold even after violent first leg-up out of overdone (on bankster agitprop) bear market, $660-$700 is nearer current fair-value but as with any Griffin good, once value moves then demand rises paradoxically, so overshoot is inevitable especially with some manipulator mayhem pitched in to the mix.