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

[European Central Bank]

i only buy coins that i can hold in a hardware wallet. Ripple is a centralized huge ponzi. I would be ashamed to trade my btc into it. I know that btc will be worth 10 times its value than nowadays. Ripple can go f** itself

the way things are at present why aren't you making your own coin and getting it on the exchanges? people would pump little wooden tokens with strings of letters and numbers carved into them right now.

[ImI]

BTW mempool is near zero at the moment.

[Killerpotleaf]

BTW mempool is near zero at the moment.

alts are sucking that dry too!!

WE"RE DOOOOOOOOOOOOMED!

[york780]

-10% today. Just a fleshwound.

[ImI]

BTW mempool is near zero at the moment.

alts are sucking that dry too!!

WE"RE DOOOOOOOOOOOOMED!

alts are eating bitcoin for breakfast

[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!