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

[DefendKebab]

/r/Bitcoin still in denial phase and insane circlejerk , o boy wait till the tears and suicidal hotlines appear.

[K~Ehleyr]

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.

Hands up who knew this wasn't just a dip when we first dropped below 1,000?

[orpington]

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.

Hands up who knew this wasn't just a dip when we first dropped below 1,000

Its just a dip.

[BlindMayorBitcorn]

We got a crash without a proper bubble. Unless this is like the silkroad crash in 2013?

This is the epic Chinese short squeeze of 2017.
https://www.bloomberg.com/news/articles/2017-01-05/china-s-epic-short-squeeze-is-back-as-yuan-rally-crushes-bears?cmpid=socialflow-facebook-markets&utm_content=markets&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social

[Killerpotleaf]

one fake the other real.

LOL!

[eddie13]

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..

[rokkyroad]

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.

Hands up who knew this wasn't just a dip when we first dropped below 1,000?

This is bitcoin. A major dump was expected anytime when it reached those highs over a grand.  You are playing with fire trading at the highs. I don't do it because I suck at it. And ya ... I've been burned too.

[Killerpotleaf]

i'll gladly buy low got 10K?

[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.

[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.