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

[Ibian]

Guys, lets try not to lose money or coins  

You mean money or fiat, surely.

[sugarbaby]

Guys, lets try not to lose money or coins  

You mean money or fiat, surely.

Yeah, whatever fits you. If your goal its to get some more coins or get some more fiat...
You make your goals!

[Slark]

The next 2 days are critical. [...]

Everyday is a critical day, for the better or the worst...  

For what? We won't see any significant drop in price anymore, market is stalled. Bullish trend is slowly forming, but it might take more than 2 days.
Price has been totally dull throughout whole day, tomorrow might be the same. We are now in the period of stability more than anything else.

Lol, look again. Somebody took a big dump. The filthy chinamen public bank of china doing inside trading with chinese whales? or just random whale panicking? stupid ass whales with shaky fingers can drop massive red candles out of fucking nowhere apprently. That shit was insane. 920 to 900 in seconds fucking hell.

Lol, indeed. At the time when I was writing my previous post bitcoin's price was stagnant and stable.
This dump only shows that occasional random dumps and rapid pumps can't be predicted and measured by any charts or indicators.
But in the end I don't think that dump will change much, bullish trend will prevail.

[DaRude]

Did we loose lose feed from Whoboi? Did China finally ban BTC?

Here you go. https://cryptowat.ch/huobi/btccny

thnx

[droizs]

Did we loose lose feed from Whoboi? Did China finally ban BTC?

Here you go. https://cryptowat.ch/huobi/btccny

thnx

the prices delay on that site thought...

[Mahdi0]

And why is that? Because the price always has to fall and we can't have higher prices? The bitcoin price is literally increasing every year, except for 2014. I would not worry and I do not believe in all the bear crap.

The bull v. bear stuff is something that has always puzzled me.  I mean, surely anybody who owns any bitcoin is a "bull", no?  Because if they were truly "bearish" about Bitcoin, they'd have kept their money in fiat, in a bricks & mortar bank, where it's "nice and safe".  Nobody's going to have put their cash into Bitcoin unless they believe the price is going to go up.

Am I being overly simplistic?

there is short term, mid term, long term to be considered. i am a happy permabull. i think bitcoin will rise over $5k until 2020. we will see a new ath in 2017.
but i also think it will take at least until may 2017 to recover from this correction. if i had the guts i would sell some btc because i think we will see lower prices than the current one. but i am a coward, so i rarely do sell in moments like this one.  just can´t stand the fear that price could explode therefore ending up with less btc...

I predict that in the April/May timeframe we will slowly creep over the $1K mark again, and the media won't say shit about it the next time.  It'll be a non-event. Bitcoin probably won't be newsworthy again until the end of the year, when either an ETF launches, some major adoption announcement, or they do another round of those silly "which currency beat out all the others" type articles.

Oh, I did some paper trading once with bitcoin. Got my butt handed to me, would have lost out many btc if I had traded for real.  Thank the godz I didn't.

y'all niggas don't even trade? what do y'all do when it drops? you gotta sell and find a new floor after a reasonable time.

[spooderman]

The next 2 days are critical. If there will be a successful pump, eventually leading to about 1050$ - 1100$, then this will be a EW one, and after months of sideways we'll see 2000$ or more.
If however the pump will fail, then we'll see a major correction, down to about 600$ and the possibility of a new bear market.

quoting because i doubt either of these scenarios.

my hunch is a smaller dump back into high 800s.

boom

[Moria843]

It's great to be playing with the houses money. Something everyone should strive for. Spend more time on vacation and enjoy life, Don't worry; be happy.

[Wolf Rainer]

"Cryptocurrencies are here to stay given the history of booms and busts in fiat money and debt excesses. Bitcoin as the face of cryptocurrencies benefits from this chaos," Saxo Bank's global macro strategist, Kay Van Petersen, wrote. "Emerging market powers eager to move away from being tied to the monetary policy of the U.S. and the banking system as well as to adopt the block chain as a payment system prove willing adherents as they adjust to zero interest rates and the decrease in systematic risk."

[Moria843]

Well said.

[gembitz]

BTC is under attack! ===> http://bitcointicker.co/networkstats/

 

[Killerpotleaf]

support is strong as fuck.

[JayJuanGee]

It's great to be playing with the houses money. Something everyone should strive for. Spend more time on vacation and enjoy life, Don't worry; be happy.

Maybe? 

But maybe you do not have enough stake in bitcoin?

The answers to those questions depend upon when you bought.  For example, my BTC holdings is currently floating around 125% profits, but I could not imagine taking much of that out, especially the current state of bitcoin.  I do not know about a better investment (or where I would put the money to make me feel sufficiently comfortable).

Out of my BTC investment fund, I currently have about 94.5% in bitcoin and about 5.5% in cash, and I feel that I am still currently about 1% higher invested in bitcoin than my preference, but with so much ongoing upwards price pressures, I do not believe it to be too big of a deal to have merely 1% over allocation.

I'm thinking in my current situation and tentative planning, I will not quite be playing with house money until maybe my BTC holdings are in the 800% territory or something like that, but even then, I would still be considering that I would like to make sure that my money is sufficiently working and/or sufficiently diversified.... so yeah, Maybe if BTC prices were to shoot up to $3,500 or so, then maybe I could make a similar kind of claim regarding playing with house money, though I am still thinking that I would keep that cash in reserve - in case prices were to drop to $2k or lower, and then pick up some "cheap coins", no?

[DaRude]

Did we loose lose feed from Whoboi? Did China finally ban BTC?

Here you go. https://cryptowat.ch/huobi/btccny

thnx

the prices delay on that site thought...

You got a better source?

[PoolMinor]

Did we loose lose feed from Whoboi? Did China finally ban BTC?

Here you go. https://cryptowat.ch/huobi/btccny

thnx

the prices delay on that site thought...

You got a better source?

I am starting to think that Hoooobuoy is dunfer


http://bitcointicker.co/#

[jbreher]

y'all niggas don't even trade?

Mostly not.

what do y'all do when it drops?

I have generally found that selling at the bottom to be a poor trading strategy. But what the hell do I know? I mostly don't trade.

you gotta sell and find a new floor after a reasonable time.

Suit yourself. In a chaotic inscrutable market, the only consistent indicator being an 8-year bull run amounting to something like a 100,000-bagger, the only rational trade is to buy and hodl.

[bitebits]

you gotta sell and find a new floor after a reasonable time.

Suit yourself. In a chaotic inscrutable market, the only consistent indicator being an 8-year bull run amounting to something like a 100,000-bagger, the only rational trade is to buy and hodl.

Did you hold through all the bubbles you have witnessed? How do you cope with that? Is the fear of it going to Neptune without you higher than it going back to earth?

[Mahdi0]

y'all niggas don't even trade?

Mostly not.

what do y'all do when it drops?

I have generally found that selling at the bottom to be a poor trading strategy. But what the hell do I know? I mostly don't trade.

you gotta sell and find a new floor after a reasonable time.

Suit yourself. In a chaotic inscrutable market, the only consistent indicator being an 8-year bull run amounting to something like a 100,000-bagger, the only rational trade is to buy and hodl.

You're mostly right. Except there's money to be made during mad dips with the obligatory bounce back (or at the least increasing BTC count even if dollar value diminishes). But yes, day trading (without borrowing aka margin) and with .25% fees .... it's hard to consistently increase money value and BTC count.

[jbreher]

you gotta sell and find a new floor after a reasonable time.

Suit yourself. In a chaotic inscrutable market, the only consistent indicator being an 8-year bull run amounting to something like a 100,000-bagger, the only rational trade is to buy and hodl.

Did you hold through all the bubbles you have witnessed?

No. In the period before the late 2013 skyrocket, I engaged in some laddered day trading. It taught me a hard lesson. I made a moderate gain in both BTC and fiat while volatility was moderate. However, when the skyrocket came, I was left holding a bag of stinky fiat, with no hope of buying back in at anywhere near the price at which I sold.

How do you cope with that?

I don't understand the question.

Is the fear of it going to Neptune without you higher than it going back to earth?

'zackly.

[jbreher]

You're mostly right. Except there's money to be made during mad dips with the obligatory bounce back (or at the least increasing BTC count even if dollar value diminishes).

There's also money to be lost when the market moves faster than that for which you have prepared.

But yes, day trading (without borrowing aka margin) and with .25% fees .... it's hard to consistently increase money value and BTC count.

In BTC, I found it pretty easy. Until the moves got unpredictably violent. This is not the sedate stock market. This is Bitcoin. It do dat.