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

[gentlemand]

Fuck China and their Bitfinex a million fold disaster for bitcoin!

Why would anybody find this surprising in any way? I would class it as growing pains as opposed to a disaster. Something like this was wholly predictable, Bitfinex wasn't, then again considering their numerous failures in the past perhaps it was.

[droizs]

BTC was rising too fast with no proper reasoning, this is the proper setback.
We need to implement new technologies and applications to the network before we can have a steady rise... lately, theses rises were just due to the bullish and delusional people that believe in the impossible.
For BTC expansion and major acceptance we need a stronger and bolder foundation, for now we are still looking if BTC should implement or not segwit, LN and other promising technologies if we are not implementing new solutions to the actual BTC problems the price shouldn't be rising like the last few weeks.
This dump was just a wake-up call(IMO), the price will surely increase in the future but we need to improve the technology first...

What are you blabbering about? Bitcoin price should be >$10000 by the end of this year!

lol I wish... maybe just maybe in the next 5-10 years, we never know 

[swogerino]

It's at $990 again so why would anybody be worried.
It was just a hiccup nothing more.
Or if you were holding alot then it was a burp.

[PoolMinor]

Yeah this time it will be different.  

6 hours until confirmation.


https://bitcointalk.org/index.php?topic=178336.msg17784244#msg17784244

[Torque]

Just remember folks:

Major shakeouts and negative/bearish news ALWAYS precede a sudden run up.

[JayJuanGee]

And what are the expectations? should we sell? Or maybe this sensationalist news are used just for making panic as always? I believe BTC will stay in range 900 to 1000$. I think trend is broken.

i believe should sell and buy back about $50 lower or maybe more....

by the way Error 502 on Kraken .... there is nothing more annoying when the party is on the move to be outside of the exchange.....

 

Good luck with that strategy.

It is usually a safer strategy to buy after a dip rather than to sell during the dip that may or may not continue.... otherwise if you are in doubt, holding is also usually better than selling after there has already been nearly a 10% dip.  You may be correct, but the odds seem a bit against such a strategy

[Karartma1]

I guess it's time for Bitcoin to dump China..

You win for the most relevant post read in the last pages.



Anyway, whatever will happen I know the real value of my bitcoins and I'll hold onto every single satoshi I have.
No dump scares me.

[bitcoinvest]

And what are the expectations? should we sell? Or maybe this sensationalist news are used just for making panic as always? I believe BTC will stay in range 900 to 1000$. I think trend is broken.

i believe should sell and buy back about $50 lower or maybe more....

by the way Error 502 on Kraken .... there is nothing more annoying when the party is on the move to be outside of the exchange.....

 

Good luck with that strategy.

It is usually a safer strategy to buy after a dip rather than to sell during the dip that may or may not continue.... otherwise if you are in doubt, holding is also usually better than selling after there has already been nearly a 10% dip.  You may be correct, but the odds seem a bit against such a strategy

it's not a strategy. it was reaction to what happened. i agree with you that it's not safe.
sometimes in life it's good that we do things that we not think too much. we just do it.
that was the same here and the timing was good in my case.
But yes in general i agree with you as i said and hope more people have this strategy for their own safety

[JayJuanGee]

Yeah, blame it on a news story that is not on the PBOC's website. Instead of the TA that has been placed before you repeatedly.

It's not over yet..



and I told you so.

I knew you would claim false credit.

The reality of the matter is that the price of the collapse did not go down any lower than when you started calling for the collapse.. (at least so far), so it is too early for you to claim credit because it has not gone below the amount when you started to call for the collapse.

How ridiculous that you are trying to claim credit... or that you feel a need to claim credit.

[Ted E. Bare]

I missed all the action. Not too happy with the steep correction and ongoing China news...

[JayJuanGee]

And what are the expectations? should we sell? Or maybe this sensationalist news are used just for making panic as always? I believe BTC will stay in range 900 to 1000$. I think trend is broken.

i believe should sell and buy back about $50 lower or maybe more....

by the way Error 502 on Kraken .... there is nothing more annoying when the party is on the move to be outside of the exchange.....

 

Good luck with that strategy.

It is usually a safer strategy to buy after a dip rather than to sell during the dip that may or may not continue.... otherwise if you are in doubt, holding is also usually better than selling after there has already been nearly a 10% dip.  You may be correct, but the odds seem a bit against such a strategy

it's not a strategy. it was reaction to what happened. i agree with you that it's not safe.
sometimes in life it's good that we do things that we not think too much. we just do it.
that was the same here and the timing was good in my case.
But yes in general i agree with you as i said and hope more people have this strategy for their own safety

What you are doing is called gambling, and yes, sometimes I gamble with 1% or 2% of my holdings, and the remainder I engage in safer strategies.  You can also have a different tolerance for your gambling threshold, maybe even 10% or 20% of your holdings could be reasonable for some people.... I personally don't gamble with that much of my holdings... but that is just me.

[slap]

Yeah, blame it on a news story that is not on the PBOC's website. Instead of the TA that has been placed before you repeatedly.

It's not over yet..



and I told you so.

I knew you would claim false credit.

The reality of the matter is that the price of the collapse did not go down any lower than when you started calling for the collapse.. (at least so far), so it is too early for you to claim credit because it has not gone below the amount when you started to call for the collapse.

How ridiculous that you are trying to claim credit... or that you feel a need to claim credit.

I think he did though, take for example the post from February the 3th, and the price at that time... todays low at stamp is around 913, which is definitely lower than that time. I might be wrong on this, but I think it is kind of a good call. Moreover it could be we aint seen the end of this downmove yet.

[bitcoinvest]

And what are the expectations? should we sell? Or maybe this sensationalist news are used just for making panic as always? I believe BTC will stay in range 900 to 1000$. I think trend is broken.

i believe should sell and buy back about $50 lower or maybe more....

by the way Error 502 on Kraken .... there is nothing more annoying when the party is on the move to be outside of the exchange.....

 

Good luck with that strategy.

It is usually a safer strategy to buy after a dip rather than to sell during the dip that may or may not continue.... otherwise if you are in doubt, holding is also usually better than selling after there has already been nearly a 10% dip.  You may be correct, but the odds seem a bit against such a strategy

it's not a strategy. it was reaction to what happened. i agree with you that it's not safe.
sometimes in life it's good that we do things that we not think too much. we just do it.
that was the same here and the timing was good in my case.
But yes in general i agree with you as i said and hope more people have this strategy for their own safety

What you are doing is called gambling, and yes, sometimes I gamble with 1% or 2% of my holdings, and the remainder I engage in safer strategies.  You can also have a different tolerance for your gambling threshold, maybe even 10% or 20% of your holdings could be reasonable for some people.... I personally don't gamble with that much of my holdings... but that is just me.

What i did you can call it what name you like. and i never "play" around with something more than i can afford to loose....
i believe everyone of the early adopters know that already..

[rokkyroad]

Give it a couple days to a week and this will all be just a bump in the road.

I'm sure.

I love this thread. Rule of thumb. When the consensus is yelling "hodl", sell. When they yell "sell", hodl.

[HI-TEC99]

Give it a couple days to a week and this will all be just a bump in the road.

I'm sure.

I love this thread. Rule of thumb. When the consensus is yelling "hodl", sell. When they yell "sell", hodl.

While everyone was yelling hodl yesterday I thought julian071 had made a mistake selling 40% of his stash to pay for a new bike. Now everyone's yelling sell I changed my mind and think he might have picked a good time to sell, and now's a good time to buy back.

>_>
Edit: sold 40% of my stash today.

^ouch    no you didn't!!

Yes I dit! Not only have I paid off the loans I made for my initial investements, I have also paid off the loan I had for my favorite mode of transportation.Not exactly a boat, but it puts a smile on my face every time I ride it.

[droizs]

2nd leg down coming?

[PoolMinor]

Ohhh boo hooo, someone stated weeks ago before the price was up to ~$1050 that it would not go above the January price, and because it was $910 at the time "we" didn't believe that they would know this information without having some sort of PERCENTAGES of probability. And now because it went to $1078 this person was completely wrong because they said ~$1050 and clearly $1078 is NOT ~$1050. And it hasn't dropped by the 25% YET, so they are clearly still wrong!!!


Edit:

I'm sure.

I love this thread. Rule of thumb. When the consensus is yelling "hodl", sell. When they yell "sell", hodl.

Yeah, this thread is for suckers. Not sure why I bothered to try and enlighten anyone here.

[Killerpotleaf]

i saw this coming miles away, problem is i positioned myself accordingly ~3weeks ago 

[Okurkabinladin]

2nd leg down coming?

Eventually, but I doubt it will be tonight with this kind of volume on exchanges. We should have period of consolidation for the next 24-48 hours. Western exchanges have lost 10% and chinese 15% in a single day. Thats plenty for one afternoon and many sceptics are already buying back in.

[Lauda]

I love this thread. Rule of thumb. When the consensus is yelling "hodl", sell. When they yell "sell", hodl.

Or when I tell you to sell, you end up holding the bags? Let me quote myself again:

$970 $950. Save yourselves!