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

[JayJuanGee]

assuming the Bitfinex debacle is over is mistake in my opinion.

Like what smartie pants? 


Do you have any specifics rather than assuming that anybody actually believes that everything is completely back to normal after Bitfinex?

Are you fucking crazy?  You assume facts (such as people actually believe the whole bitcoin matter is back to normal after Bitfinex), and then you state why those assumed facts (that you made up) are wrong.

[chesthing]

Damn Jay, you need help. At first I thought you were on drugs, now I think you need drugs.

[BlindMayorBitcorn]

Hey Adam, where do you roll these days? I think I might start gambling again.

[JayJuanGee]

Damn Jay, you need help. At first I thought you were on drugs, now I think you need drugs.

You are probably reading too much into the matter, dumb fuck.

[chesthing]

Damn Jay, you need help. At first I thought you were on drugs, now I think you need drugs.

You are probably reading too much into the matter, dumb fuck.

Well, I'm certainly not taking the time to read all of your long winded babblings - just enough to realize you are freakin' out there.

[JayJuanGee]

Damn Jay, you need help. At first I thought you were on drugs, now I think you need drugs.

You are probably reading too much into the matter, dumb fuck.

Well, I'm certainly not taking the time to read all of your long winded babblings - just enough to realize you are freakin' out there.

And, of course, we can all rest assured that you are well capable to determine what is "freaking out" without reading everything. 

[Karartma1]

On advice of monkey I am short btcusd over the coming month or so.

Looking at recent trends I'm sorry to admit that your monkey friend might be right.
I would say let the summer pass and we shall see at the beginning of September what will happen.

[Elwar]

I was a bit down about the price being so high. I have a goal amount of bitcoins that I want and the higher price is pushing my retirement date a bit further. Six months below $500 would be perfect for me but that's very unlikely.

[DeathAngel]

$572 Jeez, I hope the price doesn't tank too much more. $600 just feels so much better. *Sigh*

[savetherainforest]

Damn Jay, you need help. At first I thought you were on drugs, now I think you need drugs.

Let him be... he lives in a cage, in the basement of a house that is in a isolated forest, in the middle of a mountainous region, far.. far.. far away from any sort of civilization. If you are not from the CSU to present to him stuff like a cop from the CSI would do... your words are meaningless to him. 

[TReano]

On advice of monkey I am short btcusd over the coming month or so.

Looking at recent trends I'm sorry to admit that your monkey friend might be right.
I would say let the summer pass and we shall see at the beginning of September what will happen.

These are regular trading cycles.

When the price pumps to new highs people miss out and try to chase the price and ultimately get in at very high levels and close their positions at lose once we have a clear top.

After the a top, regular traders start going long on the following bear cycle all the way down because they already missed out the up move. The FOMO aftermath.


and then the cycle repeats. once we made a new low. It's always the same. The majority of people will be on the wrong side of a trade most of the time.


I remember 2013 when literally everybody with no trading skills bought into Bitcoin / took long positions after we had the blow out parabolic move.. They called bottoms from 1000$-400$. When we reached 200$ people started to short the shit out the market when we were near the bottom.

History repeats since people refuse to learn from their mistakes. It was just "bad Luck". Just take a look how much liquidity stood on Bitfinex even thought there is a big threat of them getting shut down any day.

[LFC_Bitcoin]

Going to have to admit that this isn't looking great, the ass has fallen out of the bottom & we're going down.

Somebody or something needs to stop this slide.

[BlindMayorBitcorn]

Going to have to admit that this isn't looking great, the ass has fallen out of the bottom & we're going down.

Somebody or something needs to stop this slide.

I’LL DO IT!
*reaches for tens of millions in dirty Chinese coal money, doesn’t find it*
Nevermind.

[BathSaltsDealer]

I was a bit down about the price being so high.

I see only joy and happiness in your future.

[Dafar]

So bitcoin down and Final Fantasy XV delayed... bad start of the week 

[savetherainforest]

Going to have to admit that this isn't looking great, the ass has fallen out of the bottom & we're going down.

Somebody or something needs to stop this slide.

Dunno... it looks like this might be the last dip... "The point of no return!" 

[Elwar]

So bitcoin down and Final Fantasy XV delayed... bad start of the week 

One likely caused the other...

but which?   

[JimboToronto]

Good morning Bitcoinland.

Down a wee bit I see... $570 on BitcoinAverage.

Still not low enough for me to buy. Another $50 and I'm on it.

[Denker]

Going to have to admit that this isn't looking great, the ass has fallen out of the bottom & we're going down.

Somebody or something needs to stop this slide.

Dunno... it looks like this might be the last dip... "The point of no return!" 

I'm not so convinved that we've seen the last dip.
Sure we've bounced back pretty nice,but the downwards trend still is active.
The next days could be quite volatile.Traders will have fun.

[TheHangingLog]

zanetackett[ S ] 1 point 2 hours ago

We probably will not be adding leveraged trading to bfx tokens.


Dang Bitfinex, no more leverage?! Not even on your own debt tokens?
Sux0rz