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

[DaRude]

Was hoping for a bit of a long squeeze and shorts to start piling up, but it's not happening. Everyone is holding on tight not sure if it's a good thing or bad

[toknormal]

Ouch. No Macbook Pros announced @WWDC.

Disaster.

[Spaceman_Spiff]

Expecting a drop here

[JayJuanGee]

Bitbulls what do you think will be the top on this pump?

2500 USD for this summer period

But contrary to all previous tops, I don't see a big collapse happening. There will be a significant correction but we will not have a long dead valley anymore.

You are crazy if you believe some kind of pie in the sky utopia for bitcoin...

Of course, as market cap increases, the extremities of the highs and lows in the volatility are going to be less... and less

But bitcoin remains a bit of a baby in terms of market cap..   In the upper $600s bitcoin is under $11billion market cap.   In this respect, Bitcoin prices are very likely to continue to overshoot like it has done in the passed, so even though you may expect it to stop at $2,500, it will go to some amount that is likely overvalued in terms of support for that price, and then it will come crashing down.. probably even further than it should.. but we will again suffer with valleys and under appreciation of the asset, and there may even be a few scandals here and there.. stealing and FUCD spreading and possibly even some actual technical glitches... including potential governmental complications, too.

I certainly don't know any kind of exact future for bitcoin, but I do understand that you cannot wish away volatility, and the non-volatile scenario you describe likely has a less than 1% chance of occurring, that is if we reach those price levels, which is another if.

[JayJuanGee]

I'm starting to get nervous now to be honest. I'm sitting on coins wondering when to get out. I don't want to miss the top & end up seeing a big dump.

What is the reason that you want to wait until the exact top? 

If you are nervous, shed a bit.  You don't have to go 100% one way or another.. just shed 10% or 50% or whatever other amount may be comfortable for your situation.

[JayJuanGee]

since when is a correction a dump?
Already going up again

Desperate bears and shills are looking for any opportunity that they can find to get folks to sell on the way down and to create more down.  good luck with that, we remain in a very good place with a decent amount of UP potential.

[molecular]

Bitbulls what do you think will be the top on this pump?

2500 USD for this summer period

But contrary to all previous tops, I don't see a big collapse happening. There will be a significant correction but we will not have a long dead valley anymore.

that would be awesome.

what are you basing this expectation on?

[dumbfbrankings]

Why is ETH rallying for the BTC halvening? 

Shouldn't premined scam coin be going down while we moon?

Also, you can currently exit BTC at a higher price than NLC did. Will you?

[becoin]

Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money.

I'd say the dumb money is in gold.

I'd say the dumb money is in US dollar.

[savetherainforest]

Cos once your out of bitcoin, yo in fiat. Quicksand.

Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money.

Gold is dead dude! ... you can have 10-20 grams in case of emergencies in a tablet of 1gram capsule so if u buy a 20 gram package you get 20 tables of 1 gram each... and in case the apocalypse comes and no money or labor is good but gold yeah... sure a few grams will be 'ok'. But you would have better success in growing potatoes and sell them for a better profit than gold. Especially in countries like Venezuela where you could literally enslave somebody for 1kg of potatoes per day to work for you for 'free'!

But gold is dead. Its too traceable, too much bureaucracy to buy some, they can find you and confiscate it from you in case the sh!t hits the fan.They can even imprison you for not giving them your gold for their useless, pointless fiat. If its not incorporated as jewelry on you as accessories when you pass trough an airport they can confiscate it. All kinds of sh!t like that!

Gold does not have a password and its heavy!!! And with that I end my argument.

[DaRude]

Ask yourself this, how likely is it for the whole market turning bearish before the halvening? People are not sure how halvening would effect the value, what true demand is etc.. So i think extremely unlikely. The possibility of buying the rumor and selling the news is different and won't happen till a day or two before the event (if at all) and will depend on how retarded the price will get.

[BlindMayorBitcorn]

Why is ETH rallying for the BTC halvening? 

Shouldn't premined scam coin be going down while we moon?

Also, you can currently exit BTC at a higher price than NLC did. Will you?

These are some very good questions.

[Fatman3001]

Why is ETH rallying for the BTC halvening? 

Shouldn't premined scam coin be going down while we moon?

Also, you can currently exit BTC at a higher price than NLC did. Will you?

But do I have more coins than NLC did?

Come on, Beelzebub! Spill yer beans!

[BlindMayorBitcorn]

Why is ETH rallying for the BTC halvening? 

Shouldn't premined scam coin be going down while we moon?

Also, you can currently exit BTC at a higher price than NLC did. Will you?

But do I have more coins than NLC did?

Come on, Beelzebub! Spill yer beans!

And what does he do for a living? Where does he buy his clothes? Does he have one of those personal automobiles like you see in the movies?

[inca]

Invisible buy wall at 685 on finex.
Should be interesting to see if we pullback at all or hold for more moon after whoever is filling their boots is happy to go up again.

[becoin]

Gold does not have a password and its heavy!!! And with that I end my argument.

LOL.
It's always fun to meet people that can't imagine a world without Internet.

Gold does not have a password and that is good, you can't forget it!
Gold is heavy at current price. When it appreciates x100 it will not be so heavy!

[GreekGeek]

can you PLEASE take it easy 

I would like to sleep  a few hour this week...

baby-steps up please guys
you have to obey me I am a HeroMember   

[harrymmmm]

Gold does not have a password and its heavy!!! And with that I end my argument.

LOL.
It's always fun to meet people that can't imagine a world without Internet.

Gold does not have a password and that is good, you can't forget it!
Gold is heavy at current price. When it appreciates x100 it will not be so heavy!

'Course that's not counting the equipment to measure and assay micrograms of gold for payments. That could be quite heavy, expensive, power hungry, ... ridiculous actually.

[dumbfbrankings]

Why is ETH rallying for the BTC halvening? 

Shouldn't premined scam coin be going down while we moon?

Also, you can currently exit BTC at a higher price than NLC did. Will you?

But do I have more coins than NLC did?

Come on, Beelzebub! Spill yer beans!

How would I know?

I'm just a somewhat inept pretender... the real NLC has been retired three years and living like a king in Patagonia.  

[JayJuanGee]

can you PLEASE take it easy 

I would like to sleep  a few hour this week...

baby-steps up please guys
you have to obey me I am a HeroMember   

Honey badger doesn't care....