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

[ImI]

BTW mempool is near zero at the moment.

alts are sucking that dry too!!

WE"RE DOOOOOOOOOOOOMED!

alts are eating bitcoin for breakfast

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[Killerpotleaf]

I think this is it.

[Ted E. Bare]

Who sold at the bottom?

[ImI]

I think this is it.

unfortunately you are the perfect contraindicator 

[boyshx]

Who sold at the bottom?

It doesn't look like a W in bitfinex and it is definetely not a W in bitstamp.

[kurious]

but but but....... if small fish is panic selling, who is buying?

Selling?: Not small fish, but anyone with any sense a long time ago, above 1200.

Buying?:  Greater fools.

Stop taking hopium and look at the chart?

The denial here is incredible.

[MinermanNC]

Alts almost always do good when BTC struggles as it is right now. But Alts are more up and down than BTC lol

I will say ETH is definitely up and has been steadily climbing for the last 3+ weeks in a nice way. There is a few things happening with smart contracts I think are helping it grow again.

I think BTC is just stalling out from the controversy, which is still on going. But will recover. 

[Ibian]

The denial here is incredible.

You can get help for that, you know.

[Killerpotleaf]

i recommend hopium!

and maybe some opium

[julian071]

Who sold at the bottom?

I thought I bought at the botom at 888 € hehe. Still made some BTC tho.

[becoin]

but but but....... if small fish is panic selling, who is buying?

Selling?: Not small fish, but anyone with any sense a long time ago, above 1200.

Buying?:  Greater fools.

Stop taking hopium and look at the chart?

The denial here is incredible.

Successful investors never use charts to make decisions!

[kurious]

but but but....... if small fish is panic selling, who is buying?

Selling?: Not small fish, but anyone with any sense a long time ago, above 1200.

Buying?:  Greater fools.

Stop taking hopium and look at the chart?

The denial here is incredible.

Successful investors never use charts to make decisions!

I didn't.  Charts tell you what happened.  I used a thing called common sense.  Once the ETF spike was obvioulsy done and the scaling civil war kicked off again the writing was on the wall.

Common sense said 'it won't go up any more - and it could tank hard'

The chart tells me I was right and it has tanked - what does it tell you?

[becoin]

but but but....... if small fish is panic selling, who is buying?

Selling?: Not small fish, but anyone with any sense a long time ago, above 1200.

Buying?:  Greater fools.

Stop taking hopium and look at the chart?

The denial here is incredible.

Successful investors never use charts to make decisions!

I didn't.  Charts tell you what happened.  I used a thing called common sense.  Once the ETF spike was obvioulsy done and the scaling civil war kicked off again the writing was on the wall.

Common sense said 'it won't go up any more - and it could tank hard'

The chart tells me I was right and it has tanked - what does it tell you?

Don't panic! Within next month we shall see new ATH.

[PoolMinor]

I didn't.  Charts tell you what happened.  I used a thing called common sense.  Once the ETF spike was obvioulsy done and the scaling civil war kicked off again the writing was on the wall.

Common sense said 'it won't go up any more - and it could tank hard'

The chart tells me I was right and it has tanked - what does it tell you?

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https://bitcointalk.org/index.php?topic=178336.msg18238781#msg18238781

It pains me to say this:

I sold my trading trading stash of BTC before the ETF, guessing it would not be approved.

I then set up buys on stamp with the money to catch the sub-1000 drop I expected (which I was flabbergasted did not happen immediately).

Then in the past couple of days with all the HF stuff flying around, I changed my mind, cancelled the buy orders and took the cash off Stamp completely.   I see no reason to get back in as long as the existential threat to BTC of a contentious fork is out there.

There was nothing to push up the price after the ETF rejection and the storm which has blown up since is a complete turn off.  Of course it has tanked.

Yes, I am keeping my cold stored BTC and I am keeping my XMR (my only other substantial investment in crypto).  But any extra cash I have will not go into BTC - not until this shit storm is over.  It's just too risky.  

And I have been here and a perma-bull for fucking years.

Sorry guys, but I am not chasing dead cat bounces and praying it will not go lower.  I will let someone else have the 'cheap coins'.

Bitcoin needs to sort it's shit out, or the bull run is over and and BTC (already struggling to stay over 70%) will become less and less important in the CC market.

Confirmed!

[andyatcrux]

   Anyhow, I never hurts to utilize both technicals and fundamentals.

[becoin]

Bitcoin is in excellent shape. There are no major issues! There will always be selfish miners that make wrong business decisions out of greed. That is part of bitcoin. Get used to it. Buy time!

[savetherainforest]

So... Bitcoin dies again... Amirite ?!

Yep! ... Next time it will be dying at $2000+ , and we will keep buying like suckers and holding till there is nothing left to sell.    

[minero1]

Ones in the know have predicted it going as low as $800 by morning.
Better to sell off now and recover from your losses in the morning.

[kurious]

I didn't.  Charts tell you what happened.  I used a thing called common sense.  Once the ETF spike was obvioulsy done and the scaling civil war kicked off again the writing was on the wall.

Common sense said 'it won't go up any more - and it could tank hard'

The chart tells me I was right and it has tanked - what does it tell you?

---------------------------------------------------------------------------------------------


https://bitcointalk.org/index.php?topic=178336.msg18238781#msg18238781

It pains me to say this:

I sold my trading trading stash of BTC before the ETF, guessing it would not be approved.

I then set up buys on stamp with the money to catch the sub-1000 drop I expected (which I was flabbergasted did not happen immediately).

Then in the past couple of days with all the HF stuff flying around, I changed my mind, cancelled the buy orders and took the cash off Stamp completely.   I see no reason to get back in as long as the existential threat to BTC of a contentious fork is out there.

There was nothing to push up the price after the ETF rejection and the storm which has blown up since is a complete turn off.  Of course it has tanked.

Yes, I am keeping my cold stored BTC and I am keeping my XMR (my only other substantial investment in crypto).  But any extra cash I have will not go into BTC - not until this shit storm is over.  It's just too risky.  

And I have been here and a perma-bull for fucking years.

Sorry guys, but I am not chasing dead cat bounces and praying it will not go lower.  I will let someone else have the 'cheap coins'.

Bitcoin needs to sort it's shit out, or the bull run is over and and BTC (already struggling to stay over 70%) will become less and less important in the CC market.

Confirmed!

Thank you.

I am not crowing or trolling.   I did not want BTC to fall, I just thought it was obvious it could not stay up.  I said so. I sold before the ETF.   And everyone is still talking of ATH in days.

Excuse me, but it around $300 bucks down from where I sold.  Should I panic buy now? 

The fork fear is a shitstorm. I don't care how it gets sorted, I take no sides in the debate, I just weep at the damage being done.

[kurious]

Ok, this selloff is really starting to rustle my breeches.

No one can seriously be enjoying this, it is a serious collapse in confidence in BTC and possibly the whole crypto landscape. You are not safe in alts.

Yes, it will recover. Eventually.  But what if this isn't 2012 all over again, but it's 2014? 

We hit an ATH of 1350 (ok, on a spike) within the last few weeks.  At the top of a long bull run.  The civil war is starting to like like it might be the start of a nuclear fucking winter.  I don't want to go through three years to get back here again. 

We need to get angry.  Not between the respective 'camps' but with anyone arguing for either side in this civil war.

If anyone here is not part of the solution, they are part of the problem.

Find a compromise, end this - or you are shooting your own golden goose.