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

[Meuh6879]

You have to be insane to short bitcoin.

You can't because Bitcoin have not calendar.







Like evil.











Like god.

[Temp_JayJuanGee]

Took profits. Good chance pennant will dump. Then refuel time.

Times in bitcoinlandia may have changed, and playing "balls to the walls" with your bitcoin holding, expecting a significant correction after a mere 4-5% rise may be gambling a bit too much, no?

[calme]

http://www.coindesk.com/bitcoins-lightning-network-now-digital-asset-compatible/

good news

[Temp_JayJuanGee]

800 today?? amazing 

Don't get greedy 

We certainly need to make it passed likely resistance in the upper $700s and the lower $800s, and surely some folks seem to be assuming away some of the likely resistance at those levels - and sure at the same time, the momentum and even the overall underlying bitcoin dynamics, adoption in places like India (and other Local bitcoin demands), technicals and fundamentals, including various crap going on in the financial world seems to help to continue to put upwards price pressures on our lillie fiends.

[Temp_JayJuanGee]

yeah. back in hard and heavy. missed out on like a $10 range of profits tho.

LoL ! Thot you might be.

Might be safer to wait at least for the 1-hour momentum chart correction to kick in before dumping anything. I usually go for the 4-hour cos I just don't have the cojones nor the time for anything shorter range  

Neither of those look like being on the nearterm horizon right now. (Although you can always get a whale dumper appearing out of nowhere, specially in China).

I might dump a couple when it gets to $6000.

I still think that selling a few in the $3k to $5k arena is not a bad idea, but even if the price were to shoot up into that $3k to $5k range, I am still projected to hold about 80% of my BTC - though of course, I have the power of discretion and free will and therefore the power to tweak my tentative plan, depending upon how fast and how far it appears we are going (that is if we get there and surely gotta get passed mid $800s before I am making any kind of semi-solid plans in the new ATH arena).

[Wolf Rainer]

WTF is going on???

[yefi]

im looking fordward for a dumpage that will crush fanatics and bring them into tears.

I'm looking ferrariward for a rally that will crush detractors and bring them into a soiled state.

[DaRude]

WTF is going on???

Segwit should be voted in by end of year, then Lightning Network will solve all of out problems. Oh yeah and China devaluation also helps out with the price.

Make Bitcoin Great Again

[cmacwiz]

im looking fordward for a dumpage that will crush fanatics and bring them into tears.

I'm looking ferrariward for a rally that will crush detractors and bring them into a soiled state.

I'm just looking forward

[European Central Bank]

I'm looking ferrariward for a rally that will crush detractors and bring them into a soiled state.

what sort of events do people think it would take to silence all but the most committed detractors?

100 billion market cap for more than 6 months? becoming the official currency of the vatican? amazon saying they're gonna remove all their products and only sell bitcoin from now on?

[Gleb Gamow]

I'm looking ferrariward for a rally that will crush detractors and bring them into a soiled state.

what sort of events do people think it would take to silence all but the most committed detractors?

100 billion market cap for more than 6 months? becoming the official currency of the vatican? amazon saying they're gonna remove all their products and only sell bitcoin RateCoin and duckweed starter plants from now on?

FTFY!

WTF is going on???

That! ^{(see above)}

[calme]

according to economist, in this setup, above 5262 yuan = bullish mkt structure intact

[Ibian]

I'm looking ferrariward for a rally that will crush detractors and bring them into a soiled state.

what sort of events do people think it would take to silence all but the most committed detractors?

100 billion market cap for more than 6 months? becoming the official currency of the vatican? amazon saying they're gonna remove all their products and only sell bitcoin from now on?

It's a bit like the recent election. On one side we have old wrinkled paper bills. On the other the money of the future that can potentially change the entire global economy forever.

And much like in the election, the good qualities of bitcoin are downplayed or outright ignored or misrepresented. Instead the focus is on how different it is, how dangerous, who knows what could happen with it in the future and the entire crooked nature of the fiat ponzi system is being kept out of the media, and anyone who brings it up is called crazy or a conspiracy theorist. But we know who will win in the end. The fiat system will collapse, much like an old lady with parkinsons trying and failing to get into a car.

[European Central Bank]

sure, the denigration's never gonna stop. people still talk shit about gold and that's only been around for a few thousand years as a form of value.

but in many minds bitcoin is still small and fragile enough for a lot of people to be convinced that it'll be dust in a short while. i was wondering what would turn their thinking around even if they still hate the idea of it.

[Ibian]

sure, the denigration's never gonna stop. people still talk shit about gold and that's only been around for a few thousand years as a form of value.

but in many minds bitcoin is still small and fragile enough for a lot of people to be convinced that it'll be dust in a short while. i was wondering what would turn their thinking around even if they still hate the idea of it.

Nothing. There will always be people, the majority, who fail to follow up on opportunities even when they have enough relevant facts to make an informed decision. Humans in the main today are emotional creatures, not rational ones.

[nioc]

I'm looking ferrariward for a rally that will crush detractors and bring them into a soiled state.

what sort of events do people think it would take to silence all but the most committed detractors?

100 billion market cap for more than 6 months? becoming the official currency of the vatican? amazon saying they're gonna remove all their products and only sell bitcoin from now on?

Why would the Vatican use a public ledger? 

[Temp_JayJuanGee]

You have to be insane to short bitcoin.

I think u mean going long...

I'm long since $300. Sup?

300 is not 740 sup?

Hahahahaha.  

Funny that some of these dumbass trolls still exist, but sure investors could make decisions to take some profits.


Seems like a bit of a fantasy world to consider that this would either be a good place to short or to take too many profits .. of course, we could get dumped on at any time by some big pockets person or institution (not ruling out banks and/or governments, either), but the odds surely do seem in favor of continued upwards momentum.. to test upper $700s  and the mid $800s...

Personally, I still consider this thing to be trading on relatively mediocre volume and we have not even come close to experiencing any kind of meaningful price battle, yet.

Yeah, sure 24 hour trade volume is up a bit, and maybe even we could assert that we are entering into an upsurge in trade volume for the week, but the reality of the matter is that a BTC price battle is occurring when the trade volume increased is sustained over a considerable period of time - such as several weeks - and we are not even close to being there yet.  So whatever price movement we are currently experiencing it is based on a kind of ongoing low volume trickling up... and sure, I am continuing to look out for an "actual BTC price battle" rather than continuing price movements that appear to be preliminary in nature (rather than any kind of actual meaningful price battle).

[JimboToronto]

I just posted this in Fakhoury's Bullish News thread.

https://cointelegraph.com/news/bitcoin-bull-run-alert-italy-to-begin-banking-bail-in

I hope posting it here isn't considered spamming. This thread gets many more views.
_______

Also now that Nov16 is in the books, it left behind a lovely green candle.

[thezerg]

We need the chinese continue with the pump

[Temp_JayJuanGee]

No boys btc is not ready  to reach 1k wait a little longer and open shortz now

while i dont share that opinion, i appreciate that independent mindset. thats what trading looks like, make up your own mind an trade accordingly. not following what 99% of all others are doing.

hahahahahaha

Yeah, innovate, don't follow the herd.


When everyone else is buying, sell.

That should turn out well.