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

[JimboToronto]

LOL at the idiots who panicked 

I've been laughing for almost 2 weeks now, first when a few spineless weaklings panicked over some silly PBOC rumor, then again when others continued the panic like chickens with their heads cut off.

The gloom and doom angst and ridiculous predictions of further selloffs supplied even more hours of hilarious entertainment.

To top it off, now we can laugh at the whining of those fools who failed to take advantage of the ultra-low prices to stock up.

All in all, it's been a hoot.

[JayJuanGee]

Of course BTC goes up $13.00 now after I sell some coin for the electric bill 1 hour ago! Its a budget thing lol, couldn't wait any longer

But still happy to see the rise 

Same thing happened here but i was trying to hedge my earning on that rise.

Made my place so I get to sit on the sidelines for a bit.

I think that it is a bad idea to tie up too much of your regular cash flow expenses in bitcoin.

In other words, if you know that you have a budget for $1,500 in bills per month, then the cash flow for all of that $1,500 should be properly accounted and dedicated, and probably it is a good practice to go out several months with such cash flow projections.

I personally project a lot further into the future, and I also attempt to have at least a $1,000 cushion - but also dollar based resources that I can draw from if I need extra dollars for some reason. 

Without getting into details, the fact of the matter for me is that almost none of my regular cash flow is tied up with bitcoin for some time into the future, yet every once in a while I will play with a few hundred dollars here or there in terms of either investing extra into bitcoin or taking extra out, but those extra tweakings are on the margins rather than my having to be forced to sell bitcoins as if I were over leveraged in bitcoins.

[maku]

4) The banks use of blockchain tech validating bitcoin

Private blockchains are actually a mockery of bitcoin. Banks want to rip off blockchain tech to create nothing but glorified database.
It won't be more secure that their current servesr in the basement, but they want to have mumbo jumbo PR note to boost their credentials among general public:
"Look we have this new tech, taken from bitcoin, it is impenetrable to attacks." In the meantime they won't give bitcoin a single credit.

[abercrombie]

are we rich yet ??   

[JayJuanGee]

I'd like to ask the experienced guys here why the ATH is being mentioned after a reasonable increase today? Haven't we seen this over and over again and then we get battered.

Aren't you yourself experienced enough? Even the grittiest poster here squeals 'mooooon' when it goes up $5 and then 'doooooooooooom' when it goes down by a similar amount. We're all a bunch of flighty schoolgirls while the real beasts lurk in the shadows.

You are exaggerating.

Of course several of us get excited when we see price movement in either direction, and sometimes some of us may exaggerate for real and sometimes for fun...

Price movement is the topic of this thread, so of course there is going to be enthusiasm from time to time about the topic, and especially when the price seems to be moving more, when trade volume is picking up and when there seems to be a lot going on in the background .. such as the apparent price battle that has been going on for nearly four weeks, now, if not longer...

Hadn't you noticed that BTC prices pretty much went up nonstop for more than three months and nearly doubled..  , and sure there has been quite a bit more too, but we have a lot of reasons to be excited, especially if we hold some lillie fiends and especially if we have attempted to  plan for some "IT"S HAPPENING".

You not excited these days, gentlemand?

[2017Bubble]

So it was a bear trap?

[ACAB]

So it was a bear trap?

Looks like it. Next stop $1200?

[PoolMinor]

9

[HI-TEC99]

[DaRude]

So China's back at it with it's shenanigans i see

[sugarbaby]

Dont you have a better rocket than this one ...lol

[HI-TEC99]

Dont you have a better rocket than this one ...lol

This one's appropriate for going sideways with little ups. I'll post a proper one after we go past the ATH again. I'm happy with going sideways with little ups for now, a slow rise is sustainable.

[ImI]

love the rocket

[Torque]

Same pattern as June/July.

Guys, this is going to bounce hard.  820-830 should be a bottom from this point forward.

I would buy if I had any fiat left. 

Half my standby fiat just went back in at 798.5 - if I could have got into Stamp earlier, I might have nicked it lower.

I hope you're right, Sir - next resistance is probably 5000 CNY level - below that...? Jeez!

Now the the silly dumping is over, I still assert my original prediction.  820 will become the new floor moving forward.

Nailed it.

[PoolMinor]

Same pattern as June/July.

Guys, this is going to bounce hard.  820-830 should be a bottom from this point forward.

I would buy if I had any fiat left.  

Half my standby fiat just went back in at 798.5 - if I could have got into Stamp earlier, I might have nicked it lower.

I hope you're right, Sir - next resistance is probably 5000 CNY level - below that...? Jeez!

Now the the silly dumping is over, I still assert my original prediction.  820 will become the new floor moving forward.

Nailed it.

Still quite early to be patting yourself on the back.

[JayJuanGee]

Same pattern as June/July.

Guys, this is going to bounce hard.  820-830 should be a bottom from this point forward.

I would buy if I had any fiat left.  

Half my standby fiat just went back in at 798.5 - if I could have got into Stamp earlier, I might have nicked it lower.

I hope you're right, Sir - next resistance is probably 5000 CNY level - below that...? Jeez!

Now the the silly dumping is over, I still assert my original prediction.  820 will become the new floor moving forward.

Nailed it.

Still quite early to be patting yourself on the back.

 I think regarding $820.. we have ourselves a decent cushion and even a change in the momentum, but you are correct that we can never know for sure in bitcoinlandia...

At the moment, it does seem that we had found the bottom in the mid $700s and then sufficiently bounced out of their in order to resume upwards a bit... .. but yeah, I never want to count my chickens too soon, either.

[Sugetsu]

Who the hell is dumping and why??? Seriously, i hope this recovers soon...

[JayJuanGee]

Who the hell is dumping and why??? Seriously, i hope this recovers soon...

You expect to get nearly a 10% increase in a couple of days without any bumps in the road?  Of course we are going to get dumps here and there, but then the question is whether those dumps are great enough to either stop the overall upwards or to reverse us... Way too early to know at this point, and way too early to know how many coins are available and are going to be thrown at this particular situation.

[yonton]

It's morning in china and they want a little 888 action to get a lucky start for the day!

[sinner]

Who the hell is dumping and why??? Seriously, i hope this recovers soon...

Tim Draper