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

[European Central Bank]

An impressive collapse for sure. Bitcoin never fails to break some hearts just when they're bursting with joy.

Will it ever leave this juvenile boom and bust stuff behind? Enquiring minds are intrigued.

[1713888520]

1713888520

[1713888520]

1713888520

[1713888520]

1713888520

[Killerpotleaf]

Will it ever leave this juvenile boom and bust stuff behind?

never

speculation will ALWAYS be 1 order of magnitude over actual supply and demand.

the money of the future has a market cap of + or - 50 trillion

get use to it.

[JayJuanGee]

I know I was willing the price to come down a bit so I could buy more Cheap Coins^TM but I've caught too many falling knives already since this drop started.... if this thing doesn't stop falling soon I will be in the red 

Sometimes you don't want your wish to come true.. because once it goes in a certain direction, it can be difficult to get it to stop...

 

You got that right.

Not a good idea to buy when its dumping ... duh. This isn't a dip this is a friggen DUMP.

I agree, but you don't really know when it is going to stop, even when it is quite ongoing like it is right now, unless you happen to be somehow involved in the manipulation with a large number of coins and/or dollars on various exchanges.


The first dump from two days ago from $1,080 down to $880, was a bit more clear.. I mean I may have been a bit late, but my bitcoin alarm went off, and then I saw the extreme nature of it, so I began to cancel my buy orders as fast as I could all the way into the $700s.  It was a bit more obvious, and then it seemed to be kind of traditional and contained, and I decided to attempt to buy towards the bottom of that. I could buy with the money that I saved from canceling my many orders.  So even though I had a couple of technical difficulties, I was able to buy a pretty decent chunk..   This second dump is a bit more difficult to know when it is going to stop.. so a little difficult to step away, exactly..  Sure we each have differing strategies to cope with it and to attempt to either protect our holdings or to wait it out.

[BlindMayorBitcorn]

An impressive collapse for sure. Bitcoin never fails to break some hearts just when they're bursting with joy.

Will it ever leave this juvenile boom and bust stuff behind? Enquiring minds are intrigued.

It's a bubble/bust machine. Once the Yuan starts to fall back down to Earth, probably after the lunar new year, we'll bubble again. Sad but true.

[Ted E. Bare]

I feel bad for the panic sellers. Look at the order books. How's everyone going to buy back? Or are you guys quitting bitcoin?

[JayJuanGee]

Lovin the highs and lows here in the speculation thread. I'm talking moods not price.

Waht do you expect?


This is a thread about price, and if the price goes down the mood goes down, ... vice versa


You cannot relate, mate?

No I can't relate. I'm all happy. Why the sadness? We all made money didn't we? Now we can rinse and repeat.

Not everyone made money, and some folks bet in the wrong direction, so they have more panic.

There are ways to protect your holdings of course, but not everyone is able to carry out a plan that ends up being profitable.

empathy is sometimes needed, even when we are on the internet, because we come from a lot of perspectives and people participate here in part to attempt to figure out different perspectives about a topic that is of interest (BTC price speculation) which are certainly abundant.

[K~Ehleyr]

Well, I've just set a limit order to spend the last of my fiat at 500.  Now I'm going to go to sleep (it's 4am here) and try not to look in on Bitcoin for the next three months 

Goodnight 

[JayJuanGee]

first dump knocked of 2888 cny per

2nd dump only another 300 cny

3rd dump only 100 cny


You guys are either fudding to try to buy lower.. Or are wayyy too emotional..

Or I'm crazy..

YOU ARE crazy...       

[Killerpotleaf]

Well, I've just set a limit order to spend the last of my fiat at 500.  Now I'm going to go to sleep (it's 4am here) and try not to look in on Bitcoin for the next three months  

Goodnight  

 

try not to give a fuck. dont watch for a few months. its only a few bucks. go focus on other things.

we'll be here when you come back.


..... see your tomorrow morning.

[K~Ehleyr]

..... see your tomorrow morning.

Almost certainly 

[BlindMayorBitcorn]

I feel bad for the panic sellers. Look at the order books. How's everyone going to buy back? Or are you guys quitting bitcoin?

If the PBOC can basically come in and dictate price policy to exchanges that control 90% of trading...then what good is it? It's just crass capitalism without any of the safe-guards of civilization. I'd never recommend this madness to anybody. I wonder how low they want it.

[JayJuanGee]

i'll gladly buy low got 10K?

Yeah, right...


Define:   "low"

We don't know what is "low" yet, do we?    Surely, I would like to see this reverse... but I don't know the target.. seems like it may be into the $700s or lower, but there may be some reversal at some point before reaching $700s? 

Maybe below $600 is low?  That is where we started this rally, more or less in early October.

[rokkyroad]

Lovin the highs and lows here in the speculation thread. I'm talking moods not price.

Waht do you expect?


This is a thread about price, and if the price goes down the mood goes down, ... vice versa


You cannot relate, mate?

No I can't relate. I'm all happy. Why the sadness? We all made money didn't we? Now we can rinse and repeat.

Not everyone made money, and some folks bet in the wrong direction, so they have more panic.

There are ways to protect your holdings of course, but not everyone is able to carry out a plan that ends up being profitable.

empathy is sometimes needed, even when we are on the internet, because we come from a lot of perspectives and people participate here in part to attempt to figure out different perspectives about a topic that is of interest (BTC price speculation) which are certainly abundant.

I was insensitive. For that I apologize. Bitcoin can be a mean bitch.

[JayJuanGee]

I feel bad for the panic sellers. Look at the order books. How's everyone going to buy back? Or are you guys quitting bitcoin?

Yeah, right... I wished what you said is going to be true.  I certainly have been attempting to continue to strategically buy  (and not sell), but the thing is that it remains unclear if there really can be a several hundred dollar reversal or something like that (if that is what you are suggesting?)

[Killerpotleaf]

i'll gladly buy low got 10K?

Yeah, right...


Define:   "low"

We don't know what is "low" yet, do we?    Surely, I would like to see this reverse... but I don't know the target.. seems like it may be into the $700s or lower, but there may be some reversal at some point before reaching $700s? 

Maybe below $600 is low?  That is where we started this rally, more or less in early October.

i was thinking like 820
but hey ill buy at 600!

[jbreher]

OK BOYS
BITCOIN IS DEAD

you know what to do

Note to self: remind killerpotleaf of this post when he/she rebuys precious at $1300.

[JayJuanGee]

Lovin the highs and lows here in the speculation thread. I'm talking moods not price.

Waht do you expect?


This is a thread about price, and if the price goes down the mood goes down, ... vice versa


You cannot relate, mate?

No I can't relate. I'm all happy. Why the sadness? We all made money didn't we? Now we can rinse and repeat.

Not everyone made money, and some folks bet in the wrong direction, so they have more panic.

There are ways to protect your holdings of course, but not everyone is able to carry out a plan that ends up being profitable.

empathy is sometimes needed, even when we are on the internet, because we come from a lot of perspectives and people participate here in part to attempt to figure out different perspectives about a topic that is of interest (BTC price speculation) which are certainly abundant.

I was insensitive. For that I apologize. Bitcoin can be a mean bitch.

You are human... .. hahahahaha... Thanks for recognizing that.... I'm no bleeding sensitive person, but these are real people who invest in this, and these dumps (or dips or whatever we are going to call them), can have very serious impacts, even for folks who attempt to prepare for them.  They have a tendency to overshoot, and there is really no explanation beyond the fact that someone else holds a lot of coins and is willing to dump them.....

Anywhooo I certainly attempt to prepare and take advantage of these kind of situations and adjust my plans, but even i get a bit worried because I have friends and family who have also invested in bitcoin because of my example.. which can also cause me to feel bad if they make mistakes and buy or sell at the wrong time.

[Killerpotleaf]

ran out of wine.....

good luck gentlemen, this is it!

[JayJuanGee]

i'll gladly buy low got 10K?

Yeah, right...


Define:   "low"

We don't know what is "low" yet, do we?    Surely, I would like to see this reverse... but I don't know the target.. seems like it may be into the $700s or lower, but there may be some reversal at some point before reaching $700s? 

Maybe below $600 is low?  That is where we started this rally, more or less in early October.

i was thinking like 820
but hey ill buy at 600!

You should have bought at $840 (that is 2x $420)... hahahaha...

I sure hope that it does not go to $600   - but I do have some fiat waiting (or at least I think that I do in the event that we go that low, but even if we go that low, can we really put everything in at that price (don't we have to be prepared, just in case if it goes lower?  ) 

We will probably know "low" when we see it because usually there is like a 10k BTC dump right before it reverses, no?

[simmo77]

Lovin the highs and lows here in the speculation thread. I'm talking moods not price.

It's quite pathetic really.