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

[Pruden]

The first time we broke 1000$, in 2013, we were under 600 a few days later, yet you couldn't imagine us going down to 750 now?

This thread is very instructional, on how NOT to trade. You are all emotionally invested in Bitcoins, like I was then.

It's only a trade, folks. If your happiness depends on the next leveraged long being profitable, you will not reach old age.

[Searing]

The first time we broke 1000$, in 2013, we were under 600 a few days later, yet you couldn't imagine us going down to 750 now?

This thread is very instructional, on how NOT to trade. You are all emotionally invested in Bitcoins, like I was then.

It's only a trade, folks. If your happiness depends on the next leveraged long being profitable, you will not reach old age.

yep still too fragile ..too many things to bring up in FUD to drop price in such a btc universe....

seems Bitcoin has only 2 states (binary)

1) To the Moon!

2) Cheap Coins!

Luckily, I've marked both 'Tin Foil Hats' appropriately..... (frack....where is my cheap coins hat.... its been awhile)


Satoshi on Bitcoin:

"in twenty years, it will either be worth quite a lot or nothing' Satoshi Nakamoto

[Tzupy]

OKCoin is the most bullish on this pump, so I'll watch them.

[toknormal]

Chutes deployed ?

[savetherainforest]

Tzupy was right. I couldn't imagine this low. So bottom reached or more down?

Can't be sure. But even if this was the bottom, for about a week we could go sideways, building a triangle that would break, probably up, so no need to rush buying.

It was a good run! Wasn't it??


Those suck whale traders that kept buying...      ... Increased my BTCiTcoins by 30% Trololol.. ... "hai multzani!"




But I'm just gonna hold from now on... no matter what happens. Draw u'r stuff from exchanges and we will see each other again in June - July on the next rally!

[Ibian]

Know what's better than making money trading? Making money trading with no risk. Just got a call from a guy who's offering to pay my rent this month 

[Dammitt]

With the new law in it, it seems that a complete decline has begun to emerge, and this decline will not be a rise anymore. Now we have to wait for a time like June or July. Then the bitcoin can rise up again. Now it's just time to get some more bitcoins.

[bitcoinminer42]

xrp/btc swing trading.... loving it

[RAJSALLIN]

With the new law in it, it seems that a complete decline has begun to emerge, and this decline will not be a rise anymore. Now we have to wait for a time like June or July. Then the bitcoin can rise up again. Now it's just time to get some more bitcoins.

This is contradictory. If you believe in further decline then now is NOT the time to get more bitcoins

[Tzupy]

OKCoin is the most bullish on this pump, so I'll watch them.

Pump failed... Hmm, will this lead to another leg down? Or at least test support?

[yugo23]

OKCoin is the most bullish on this pump, so I'll watch them.

Pump failed... Hmm, will this lead to another leg down? Or at least test support?

I'd say neither.
Might be wrong but I guess it's stabilization.
Price can't keep going up and down, up and down, up and down.
It gonna stay a bit stable at least for some times! And it might be 750$ stable now.

[becoin]

Levered long increased. Average price is improved to 758 euro.

[savetherainforest]

With the new law in it, it seems that a complete decline has begun to emerge, and this decline will not be a rise anymore. Now we have to wait for a time like June or July. Then the bitcoin can rise up again. Now it's just time to get some more bitcoins.

This is contradictory. If you believe in further decline then now is NOT the time to get more bitcoins

He is just delusional... ... we where supposed to have a "wave" like shape for the period of 1-2 weeks. But the chinese went full retarded and it went straight to the bottom, skipping multiple steps.  

[buwaytress]

Personally, I was always expecting a correction of price not just for btc but for usd. Did not expect the bottom to dall out so quickly while the dollar has managed to maintain its strength.

Shame that the correction in opposite direction didn't happen for Eth or doge haha.

[Karartma1]

so many rebuy opportunities missed. why do bank wires take so long? and then they ask me why do I prefer btc over fiat.
Ok, buying mode on: let's accumulate more 

[osmotic]

Personally, I was always expecting a correction of price not just for btc but for usd. Did not expect the bottom to dall out so quickly while the dollar has managed to maintain its strength.

Shame that the correction in opposite direction didn't happen for Eth or doge haha.

The whales took advantage of the news and convinced people to panic sell by starting the dump as soon as they heard the news. It's funny how the whales manipulated the market using the news that the PBOC was preparing to prevent any chance of the exchanges manipulating the market.

[toknormal]

Greg Manarrino seems to be endorsing the view I outlined in my post of last night. Tells people to relax and hold (although this looks like being recorded before the really big dip. Doesn't matter - the principle still holds).

[Torque]

For long term investors, the spike above $1000 wasn't earned properly.

You shouldn't get too excited about a short term spike, because it'll never hold. Get excited when we drift over $1000 and it becomes the new firm support. May take most of the year to get there, but we'll get there.

[mainpmf]

For long term investors, the spike above $1000 wasn't earned properly.

You shouldn't get too excited about a short term spike, because it'll never hold. Get excited when we drift over $1000 and it becomes the new firm support. May take most of the year to get there, but we'll get there.

Agreed, most people seemed really too excited...
I'm never happy when people are all crazying yelling how btc is going to the moon...
The really good news is when nearly no one talk avout price. Then it means it's stable for a long time. It means that you know exactly what your coins are worth and that's true for a long time.
Number of threads on price is a bit lower now, if price doesn't change for a few days it will stop and price will be stable.

[vgo]

LOL Moment of the year, and the winner is...

Star Xu: "We observe huge volume of high-freq trade by users, often attributed to "faked by exchange""

https://twitter.com/cnLedger/status/819533696868884481