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

[RAJSALLIN]

The FED's going to raise the rate on Wednesday. That should compensate for the ETF rejection and stabilise Bitcoin's price.

That's already known by the market so already in the price

[Dafar]

Fuck... 

[Biodom]

Just got home with 2 fresh paper wallets with a whole coin in each.

Missed the absolute bottom because it happened so fast but I still got in under $1050USD.

It didn't go as low as I anticipated in case of ETF rejection but it was definitely a buyable dip.

Hopefully I'll have some more fiat by Sunday in case it goes lower.

In the meantime, 2 more coins is 2 more coins. Fill that bag.

The moon can wait for today. There's lots of time for that.

...too soon, but OK for long term.

[Wexlike]

Fuck... 

Heads up, Dafar.

[Ted E. Bare]

People already got liquidated on margin so could very well be a good price. I applaud you Jimbo for buying. Best of luck to us holders. We always won.

Of course it is hard to guess the exact bottom but there is obviously a good probability that we will have higher prices again within the next couple of weeks. To each their own strategy.

We have had far worse things happening, like exchanges being hacked and many coins stolen. This ETF-thing is not such a bad event at all.

I hate those fuckers at the SEC tho.

[Killerpotleaf]

Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.

i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice.

its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time.

[Wexlike]

Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.

i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice.

its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time.

True, that was a good moment for a trade on a lagging exchange.

[strawbs]

Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.

i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice.

its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time.

Exactly. A lot of sheeple gambling that either a positive ETF decision would lead to an instant massive price rise, or a negative ETF decision would lead to an instant massive price drop.

The reality is that bitcoin is the same now as it was this morning. Nothing has fundamentally changed. Except that all of the massive over-hyping in both directions can now be put aside, and the price can carry on with its steady rise unimpeded by the distraction of the ETF decision, as it has done for the past two years. Onwards and upwards....

[Wexlike]

Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.

i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice.

its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time.

Exactly. A lot of sheeple gambling that either a positive ETF decision would lead to an instant massive price rise, or a negative ETF decision would lead to an instant massive price drop.

The reality is that bitcoin is the same now as it was this morning. Nothing has fundamentally changed. Except that all of the massive over-hyping in both directions can now be put aside, and the price can carry on with its steady rise unimpeded by the distraction of the ETF decision, as it has done for the past two years. Onwards and upwards....

Well, I paid 3€ fee for 1 kB to be included in the next block. I really think we have a problem.

[B1tUnl0ck3r]

[strawbs]

Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.

i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice.

its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time.

Exactly. A lot of sheeple gambling that either a positive ETF decision would lead to an instant massive price rise, or a negative ETF decision would lead to an instant massive price drop.

The reality is that bitcoin is the same now as it was this morning. Nothing has fundamentally changed. Except that all of the massive over-hyping in both directions can now be put aside, and the price can carry on with its steady rise unimpeded by the distraction of the ETF decision, as it has done for the past two years. Onwards and upwards....

Well, I paid 3€ fee for 1 kB to be included in the next block. I really think we have a problem.

Well yes, but that's a different point and unrelated to the ETF decision.

[noodle_dam]

That's exactly how I felt when I heard the "No Bitcoin ETF FOR YOU!" News!
Oh well there is always next year when another Winky Floss group comes along.
There will always be another.

[Killerpotleaf]

950 by midnight...

[JimboToronto]

People already got liquidated on margin so could very well be a good price. I applaud you Jimbo for buying. Best of luck to us holders. We always won.

Of course it is hard to guess the exact bottom but there is obviously a good probability that we will have higher prices again within the next couple of weeks. To each their own strategy.

We have had far worse things happening, like exchanges being hacked and many coins stolen. This ETF-thing is not such a bad event at all.

I hate those fuckers at the SEC tho.

In addition to getting a great buying opportunity, we also got to see great support at $1000.

How long did it dip down to triple digits? Mere seconds?

Settling in around $1100 to consolidate ain't all that bad. We were only dreaming of this level a few short weeks ago.

[Torque]

Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.

i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice.

its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time.

Exactly. A lot of sheeple gambling that either a positive ETF decision would lead to an instant massive price rise, or a negative ETF decision would lead to an instant massive price drop.

The reality is that bitcoin is the same now as it was this morning. Nothing has fundamentally changed. Except that all of the massive over-hyping in both directions can now be put aside, and the price can carry on with its steady rise unimpeded by the distraction of the ETF decision, as it has done for the past two years. Onwards and upwards....

As a long term hodler, I always ask myself one question:
Do I think that the price will be higher next year than it is right now?  And I answer, 'yes'. So I hodl. Easy decision.

And guest what? It almost always is higher. (we won't count that anomaly called '2014', lol).

[Ted E. Bare]

In addition to getting a great buying opportunity, we also got to see great support at $1000.

How long did it dip down to triple digits? Mere seconds?

Settling in around $1100 to consolidate ain't all that bad. We were only dreaming of this level a few short weeks ago.

YES! Definitely too soon for moon pics, but we're doing great Jimbo.

[machasm]

The question is 'Do you believe in Bitcoin'?
If the answer is yes then buy and hodl.
If the answer is no then gtfo and leave the rest of us to get on with it!!

[eddie13]

950 by midnight...

Bet 100k sat for funzies?

[eddie13]

If the answer is no then gtfo and leave the rest of us to get on with it!!

Then who's BTC would I take on the exchanges?

[Killerpotleaf]

950 by midnight...

Bet 100k sat for funzies?

i would but i wouldn't want you to have to pay another 100K sat TX fee to make good on your bet