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

[MySecondCunt]

Silly kids it's just longs taking profit, fallout from the Finex network meltdown. I'm not glad that it's going down. But i'm ecstatic that $5.6MM in longs have closed   if we keep above $650 when $3MM more close that would be gentleman.

Yup. 5.6mil down, 36.0mil to go.
88% long/12% short.
I remain cautiously optimistic

@Jimbo, why not run to the BTM and score some cheep coinz? Who was it that totally restored public confidence by buying shitloads of blocks back in 1929? Mitchell or some such? Were you around for that?
P.S. Guess what I got in my little blue bucket?

https://s32.postimg.org/rpr2l676t/clements_main_2420002b.jpg

[JimboToronto]

@Jimbo, why not run to the BTM and score some cheep coinz?

Too old to run. 

I can wait until just before game time and walk. Of course if the price has risen by then, I'll pass on the BTM and just take a cab to the ballpark.

[shizuska]

I think 600USD/4000CNY will hold and we wont fall under that for more than maybe few hours. I predict we will be hovering around 666 on the first of new month.

[MySecondCunt]

Last chance to buy above 650 ... too late!

@LFC_Bitcoin re. "Remember you haven't lost anything if you're HODLING": True, true. That's what all the BBQ coiners and Neo & Bee stockholders are telling themselves.
\/\/\/

[LFC_Bitcoin]

We were in the 300's not too long ago, this dump shouldn't bother people too much. The price will rise again significantly after the halving.

Remember you haven't lost anything if you're HODLING.

[rjclarke2000]

We were in the 300's not too long ago, this dump shouldn't bother people too much. The price will rise again significantly after the halving.

Remember you haven't lost anything if you're HODLING.

If it gets too low I am going on a spending spree buying them up again.

[JimboToronto]

Remember you haven't lost anything if you're HODLING.

It's amazing how many people fail to grasp that simple fact. Of course the opposite is also true. You haven't gained anything while you're still holding.
____________

Isn't this fun?

[USB-S]

Remember you haven't lost anything if you're HODLING.

It's amazing how many people fail to grasp that simple fact. Of course the opposite is also true. You haven't gained anything while you're still holding.

If you do nothing while everyone else fucks up, you're going to win regardless.

[conspirosphere.tk]

[The next 24 hours are critical]

https://btctrading.wordpress.com/2016/06/21/short-term-update-23/

[belmonty]

We were in the 300's not too long ago, this dump shouldn't bother people too much. The price will rise again significantly after the halving.

Remember you haven't lost anything if you're HODLING.

A week ago I din't think the price would break $700. It's $664 on Bitfinex, which isn't much different to a week ago. The price can't endlessly rise without some corrections, and that's all this is.

[MySecondCunt]

Remember you haven't lost anything if you're HODLING.

It's amazing how many people fail to grasp that simple fact. Of course the opposite is also true. You haven't gained anything while you're still holding.

It's kind of like Schrödinger's cat. You put a dead cat in the box, and until you open the box, you can't tell if the cat is dead or alive.
...uhm. OK, I messed something up there, but you get the idea. I mean, there's a good chance the cat wasn't really really dead when you stuck it in the box... or you can forget that the cat was dead, and keep telling yourself that your box contains a very highly valuable cat... Or maybe the cat has turned into a big lump of gold?
Alright, never mind. Just forget it.
I'll just leave this here.
https://s32.postimg.org/ljri7wvxh/Capture.gif<==That's how much poorer you are than u waz 24 hrs. ago.

[bitebits]

Discovering Bitcoin 3.5 years ago when I was in my mid-60s was the best thing that happened to me. Sure, I was already doing OK financially but Bitcoin seemed like my last real chance to set myself up comfortably for possible old age. If I drop dead before then, I guess my nieces and nephews lucked out.

Good for you Jimbo.

And don't guess, use CSV.
Your greedy young family will just instantly sell them to impress their peers.

[savetherainforest]

P.S. Guess what I got in my little blue bucket?

Blue Bucket Guess: Room Temperature Dried Out Cow, Horse & Bull Sh!t!





Statistical impossibility!  












I Stand by my predictions... It will go up in the next hours! ... When it is 01:30 <-> 02:00 in China ... that is when you will see a move up!

Edit*: When it is 06:30 <-> 07:00 in China

[JimboToronto]

Your greedy young family will just instantly sell them to impress their peers.

Actually, they're all over 30 years old already so hopefully they'd use them as down payments on homes or to pay down their mortgages.

[USB-S]

Your greedy young family will just instantly sell them to impress their peers.

Actually, they're all over 30 years old already so hopefully they'd use them as down payments on homes or to pay down their mortgages.

You're pretty hip for a nearly 70 year old man. I bet it feels good to be in the middle of the fountain of youth.

mmmmm, so sweet.

[JimboToronto]

Blue Bucket Guess: Room Temperature Dried Out Cow, Horse & Bull Sh!t!

You forgot Lamb.  
_________  

How many times have we been at $666 today and nobody's posted anything about it? Is this place growing up?

[inca]

I wonder where the bottom is..

I managed quite spectacularly to disappear 10 btc earlier by selling at the exact bottom and buying in higher. Time to sit this out for bit.

[JimboToronto]

You're pretty hip for a nearly 70 year old man. I bet it feels good to be in the middle of the fountain of youth.

Thanks but you know, age is relative.

When I was younger I associated mostly with people much older than me, and now most of my friends are considerably younger than me.

I have trouble hanging out with people who just want to talk about the past, complain, or discuss their diseases. I still like to party.

I also am more attracted to women who haven't reached menopause. It's not a "curse", it's a blessing.

[rjclarke2000]

You're pretty hip for a nearly 70 year old man. I bet it feels good to be in the middle of the fountain of youth.

Thanks but you know, age is relative.

When I was younger I associated mostly with people much older than me, and now most of my friends are considerably younger than me.

I have trouble hanging out with people who just want to talk about the past, complain, or discuss their diseases. I still like to party.

I also am more attracted to women who haven't reached menopause. It's not a "curse", it's a blessing.

I always thought you were  in your 30s Jimbo!

[LFC_Bitcoin]

I wonder where the bottom is..

I managed quite spectacularly to disappear 10 btc earlier by selling at the exact bottom and buying in higher. Time to sit this out for bit.

Yeah I don't think trying to make profit day trading into a market this volatile is clever.
Buy & HODL is advisable though.