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

[Denker]

Morning gentlemen!
Woke up a few minutes ago with an extreme morning boner!!
I just thought: "Man this is a sign!"
Switched on the computer, checked the charts and "Holy Moly!!".
That's the way I love to start into a day!

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[Riddikulo]

What is going on? This went mad so fast i can´t even believe it.

believe it, and dont sell, let the suckers try and "catch the top".

we have this expression for discouraging bottom fishing: " dont try to catch a falling knife "

maybe we need a new one for discouraging catching the top: " dont try and stop a rocket "

Due to the big BTC and GOLD rush, im afraid of something big going on globaly. Are there news about big catastrophic or war being declares?

[adamstgBit]

What is going on? This went mad so fast i can´t even believe it.

believe it, and dont sell, let the suckers try and "catch the top".

we have this expression for discouraging bottom fishing: " dont try to catch a falling knife "

maybe we need a new one for discouraging catching the top: " dont try and stop a rocket "

Due to the big BTC and GOLD rush, im afraid of something big going on globaly. Are there news about big catastrophic or war being declares?

http://www.bloomberg.com/graphics/2016-brexit-watch/

Brexit is looking more likely.

[umair01]

What is going on? This went mad so fast i can´t even believe it.

believe it, and dont sell, let the suckers try and "catch the top".

we have this expression for discouraging bottom fishing: " dont try to catch a falling knife "

maybe we need a new one for discouraging catching the top: " dont try and stop a rocket "

I agree. Let's get this statement all over the forum and make it a thing, like got goxxed or Satoshi.
Everyone should know it.
DONT TRY AND STOP A ROCKET.

[TERA]

Bitcoin and gold are both having TA breakouts that have been in the chart for several months. It's nothing sudden and catastrophic.

Except today there was a us fed decision to not raise interest rates which accounted for a few percent.

[PoolMinor]

[600watt]

its getting late, time for you to go to bed maybe,  and you're thinking about "entering a position".

consider this:

bitcoin will not crash.
bitcoin will not pull back.
bitcoin will leave you behind.
bitcoin will hit >32,000$ <2 yearsthis year.
bitcoin will set a collision course with the moon.
bitcoin will continue on upward month after month, year after year
bitcoin will hit the fucking MOON head on, full force, Ka-fucking-BOOM!

sleep tight 

 

[gogodr]

No not yet. The train is still at the station. That will be for $1000

[notme]

What is going on? This went mad so fast i can´t even believe it.

believe it, and dont sell, let the suckers try and "catch the top".

we have this expression for discouraging bottom fishing: " dont try to catch a falling knife "

maybe we need a new one for discouraging catching the top: " dont try and stop a rocket "

Due to the big BTC and GOLD rush, im afraid of something big going on globaly. Are there news about big catastrophic or war being declares?

http://www.bloomberg.com/graphics/2016-brexit-watch/

Brexit is looking more likely.

Also, oil is tanking again.

[Spaceman_Spiff]

Looks like I was wrong about the second dip.

[Mrpumperitis]

buy btc, buy eth, both will do u proud as fiat collapses around them.

http://uk.reuters.com/article/us-china-currency-speculation-idUKKCN0YP002
Investors expecting the currency to keep falling are adopting tactics to stay beyond the clutches of China's central bank. The People's Bank of China (PBOC) intervened heavily in onshore and offshore markets last year and early this year to try to force speculators out of the yuan market.

The strategies include fake invoicing of imports and exports to build up dollars offshore, buying the cyber currency Bitcoin and taking up short positions in Hong Kong stocks .HSI .HSCE, which are closely correlated to the dollar/yuan exchange rate CNY=.

http://www.wsj.com/articles/chinas-yuan-shudders-despite-beijings-campaign-to-steady-the-currency-1465992486

http://www.scmp.com/business/markets/article/1975476/chinas-yuan-drops-five-year-low-ahead-us-fed-rate-meeting

[TERA]

In april I was watching it creep up a few dollars from $420 and thinking: Maybe traders should buy this before the ten number starts moving instead of the dollar number.

Then the ten number started moving. So I thought: Whoa this is intense. But if what traders out to buy this now before the hundred number starts moving instead of the ten?

To my amazement, the hundred number started moving. Now I am here thinking: but wait: what if this is yet another warmup before the thousand number starts moving instead of the hundred number?

[600watt]

1st doubling: 04.feb. - 16.juni ($368 - $732) = ca. 18 weeks = done
2nd doubling: 16.juni - 25.aug. ($732 - $1450) = ca. 9 weeks
3rd doubling: 25.aug.- 29.sep. ($1450 - $2900) = ca. 5 weeks
4th doubling: 29.sep.- 13.okt. ($2900 - $5800) = ca. 2 weeks
5th doubling: 13.okt.- 20.okt. ($5800 - $11600) = ca. 1week
6th doubling: within 2-3 days = top of the peak.

somewhere through the 6th doubling or maybe when it tries to double yet again within 24hrs is peak. somewhere between $10k and $40k

all figueres bitstamp & my ass.

this is gentlemen.

 Cool

[Mrpumperitis]

ive got a feelin we gonna hit $1k+ roughly same time as auction (20th june), then a well timed dump...then recovery

[JayJuanGee]

Look, I'm not trying to sell you on ETH.

Let me put forward a supposition: deriding holders of Bitcoin hasn't been going well for you in the face of increasing prices (that now exceed your exit point), so you devised a strategy to latch on to eth instead. That way you can still deride holders that you told to sell in the $200s. You never bought in low, and you never did fantastically financially from eth.

yep, bout sums it up ... there's a whole shitload of sold-out bull money sitting on r/btc, snowflake egos still butthurt over getting served up badly on the great blocksize purging ... now they'll be bitching and whining the whole way up about how shit bitcoin is working for them ... yeah, too right it is, they sold out before the next biggest rally EVER! lol, to the losers, yay for the new bitcoin winners, we needed some distribution before this rally anyway.

Also they'll be chasing the rocket all the way up the wall of worry so are a big source of new fiat money fueling the rally. Couldn't happen to a better bunch of disingenuous, back-stabbing, ungrateful bastards.

Yep pretty crazy that many of these guys talking a lot of crap, and if they actually shorted bitcoin, or sold in the $380s, like BJA and spreading propaganda in order to attempt to get others to do the same, then they deserve the shit and getting left behind... but yeah, sure they can buy back in on the dips... and $730s is not a bad price, even though it is likely not as good of an average price as they had before they whined and quit and shorted etc.

[Karartma1]

Feels so 2013 now.
Sleeping is becoming quite funny having price alerts set. Exciting to say the least.
Watching really closely every single change because everyday is different.

Times of sideways (around 400$) are over. Watch out everybody

[TERA]

I wish there was a correction right now while Bitfinex still has 21.5K coins on the ask just so I can see it with 30K+ coins on the ask.

[Frost]

This definitely feels like 2013.... new ATH is very possible.

[JayJuanGee]

Hmmm sell my last few bitcoin at 750 or hold? Hrmmm..... damn I love trading bitcoin.

Sell them and FOMO back in at $1200.

I would not call that trading.  I would call it gambling, especially when you do not have any left (or hardly any left) if the price goes to $750.

[spooderman]

wow, a lot of asks on finex very evenly spread out.