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

[york780]

Shorts be like





Bbbuut this must be the top 

[Ted E. Bare]

This situation reminds me of the people who shorted the bitcoin halving. Some never even returned to this forum.

[afbitcoins]

The trend is that bitcoin dominance is falling. That can't be denied. There are real reasons, most especially because bitcoin is struggling to innovate and scale. Its is pushing against a limit and so far failing to break through. I view this as the best of a set of bad options. Segwit and BU are both no solution.

The free market is fixing bitcoin scaling problems all by itself via alternative blockchains, even straight out bitcoin clones like Litecoin and Dogecoin have this potential. Meanwhile some alts are truly innovative. We have alts doing what they should be doing, taking some of the strain.

[york780]

The trend is that bitcoin dominance is falling. That can't be denied. There are real reasons, most especially because bitcoin is struggling to innovate and scale. Its is pushing against a limit and so far failing to break through. I view this as the best of a set of bad options. Segwit and BU are both no solution.

The free market is fixing bitcoin scaling problems all by itself via alternative blockchains, even straight out bitcoin clones like Litecoin and Dogecoin have this potential. Meanwhile some alts are truly innovative. We have alts doing what they should be doing, taking some of the strain.

Lost you at Dogecoin.
Litecoin is just a dummy testcrypto for BTC.

Alts with added value is a +, but there are only a few of them.
The price isnt representative ATM.
Beware that the Alts are manipulated by the ICO Ether spam.
ICO's everywhere.
This results in high ETH prices, because they need to pay ICO's in ETH.

I am not impressed.
Altcoins cant hold their ground.
More and more will come, with smaller and smaller marketcaps.
Many are claiming to be the fastest, most anonymous,most safe, most innovative blah blah blah.
BTC is the best crypto by far.

Dont let shiny things blind you.
Keep on track.

[Okurkabinladin]

BTC dominance over alts down to only 62.7%. It was around 68% just a few days ago...

I am not sure, if you can comprehend this my friend, but 60%, 50%, 40% is still huge.

I remember, that back in eighties console crash nearly killed and for year crippled gaming market. If bitcoin fail this year, it will have absolutely devastating effect on all other cryptocurrencies in the span of several years. Do you have time to wait several years for another opportunity?

So dont get yourself worked up too early, you might regret it.

[JayJuanGee]

The trend is that bitcoin dominance is falling. That can't be denied. There are real reasons, most especially because bitcoin is struggling to innovate and scale. Its is pushing against a limit and so far failing to break through. I view this as the best of a set of bad options. Segwit and BU are both no solution.

The free market is fixing bitcoin scaling problems all by itself via alternative blockchains, even straight out bitcoin clones like Litecoin and Dogecoin have this potential. Meanwhile some alts are truly innovative. We have alts doing what they should be doing, taking some of the strain.

You are coming off as a goofball nutjob, banker shill troll.

Who gives a ratt's ass if some other crypos are coming into the space... doesn't lead to your unsubstantiated conclusion that bitcoin is either failing or underperforming.

More or less, here's what you are saying:  bitcoin is failing because other coins are being invested in...  

Again, who gives a ratt's ass?    

Hopefully, you have not decided to not invest in bitcoin based on your theory?, because you may well end up chasing the bitcoin train in the coming weeks, or would that be rocket? (a bit more difficult to catch)

[Nagadota]

Price looking good.  Strong support around $1300.  Looks likely that there might be another rally over the next few days to around $1400 tops.  Conclusion: moon.

Alts don't matter.  Litecoin is great but if people were going to run off to a shinier new coin they'd have done it ages ago (and ETH is different, it's not really a competitor).

[r0ach]

There's always only one winner in crypto, sooner or later a good performing altcoin gets dumped to shit & they dive straight back into bitcoin. It's crypto law

I don't really care if an altcoin beats bitcoin as long as it's not R3 banker scamcoin Ethereum or Ripple.  I mean, face it, Litecoin...is bitcoin...just with a different name.  If Litecoin adopts segwit (which it just did with full consensus now), and they make it work there and bitcoin never adopts it, then uh...why hold bitcoin?  Bitcoin is a currency and not money so it's value is entirely based on transaction flow.  

Scaling is vital for any cryptocurrency to not die, otherwise it's a roach motel where you put your money in and it never comes out.  The people who just hoard bitcoins while pretending it's the same thing as gold will eventually get financially destroyed in the long run assuming it doesn't scale.  I personally do not see any current cryptocurrency as actually being decentralized, but if you're going to pretend to be decentralized, you might as well pretend to do so while scaling...until they all go to zero when everyone figures out not only are none of them decentralized, most are made to centralize by design into a rent seeking usury system where the transaction validators are your new slumlords to extort you.

[Torque]

I guess we'll probably pull back some now, the fkn media is back with their bullshit sensational postings:

http://www.cnbc.com/2017/04/27/bitcoin-jumps-to-a-new-all-time-high-above-1300-capping-20-april-surge.html

I really wish they would just not

[Ted E. Bare]

Who sold at the bottom?

[JayJuanGee]

Who sold at the bottom?

Somebody must have... but no one who follows this thread, rrrrrrrriiiiiiiiiiiggggggggghhhhhhhhttttttt?   

[savetherainforest]

Who sold at the bottom?

Somebody must have... but no one who follows this thread, rrrrrrrriiiiiiiiiiiggggggggghhhhhhhhttttttt?    

`

Someone insert that black dude with the gold chain at his neck and medallion that writes "Guud to be a Hodler" under the picture....    
(or something like that) (btw... did I made you scratch the screen for that dot/comma??    )

[sirazimuth]

The trend is that bitcoin dominance is falling. That can't be denied. There are real reasons, most especially because bitcoin is struggling to innovate and scale. Its is pushing against a limit and so far failing to break through. I view this as the best of a set of bad options. Segwit and BU are both no solution.

The free market is fixing bitcoin scaling problems all by itself via alternative blockchains, even straight out bitcoin clones like Litecoin and Dogecoin have this potential. Meanwhile some alts are truly innovative. We have alts doing what they should be doing, taking some of the strain.

You are coming off as a goofball nutjob, banker shill troll.

Who gives a ratt's ass if some other crypos are coming into the space... doesn't lead to your unsubstantiated conclusion that bitcoin is either failing or underperforming.

More or less, here's what you are saying:  bitcoin is failing because other coins are being invested in...  

Again, who gives a ratt's ass?    

Hopefully, you have not decided to not invest in bitcoin based on your theory?, because you may well end up chasing the bitcoin train in the coming weeks, or would that be rocket? (a bit more difficult to catch)

and a "ratt" spelled with two t's makes it that much  more "ratty"
but i digress...

I believe and speculate its a bitcoin sellers market at this point in time of bitcoin price movement, but I could be wrong
or I could be right...

[RewFrew]

Hi there,

First post. i'm a newbie, i hold 2200$ and i wanna buy bitcoin for about 3weeks now, but the price is skyrocket day after day from 1150$ to 1350$ right now.

i'm waiting everyday for a dump, a dump to buy at 1150$... but day after day i tell myself: u had to buy it yesterday.

i have a bizarre feeling that the price gonna go high til 1700$ then a dump to 1550 then go skyrocket to 2000$.

So always the same question: i wish i buy it yesterday, but today the price is very very high and all what i have to do is close my eyes at the current high price and buy for my 2200$.

any wishs from good traders? i'm just a newbie.

[Ted E. Bare]

I'm not a trader but what I can tell you is that I went all-in at some point and never looked back. No regrets.

Because of its deflationary design and disruptive nature, bitcoin is likely to appreciate in value over time.
Simply buying and holding bitcoin is a proven investment strategy, but you have to believe in the concept (blockchain tech).

[bitserve]

Hi there,

First post. i'm a newbie, i hold 2200$ and i wanna buy bitcoin for about 3weeks now, but the price is skyrocket day after day from 1150$ to 1350$ right now.

i'm waiting everyday for a dump, a dump to buy at 1150$... but day after day i tell myself: u had to buy it yesterday.

i have a bizarre feeling that the price gonna go high til 1700$ then a dump to 1550 then go skyrocket to 2000$.

So always the same question: i wish i buy it yesterday, but today the price is very very high and all what i have to do is close my eyes at the current high price and buy for my 2200$.

any wishs from good traders? i'm just a newbie.

Noone knows what will have the better outcome between keep waiting for a big correction or go all in just now or on next small dip. The only thing I can tell you is, if you already have the funds on an exchange which in fact means you are already accepting some minor risk (unless it is Bitfinex, in which case the risk is way above MY threshold level of acceptable risk), you can do some "hedging" on your going in.

For example, you can go buying in small quantities and depending on evolution of the price decide what to do next. If it goes down, you can either increase your funds "in" or wait for a deeper bottom, if it goes up you can also keep increasing the ammount and setting some stop losses, etc etc....

Just an idea.... But in the end what matters the most is if you are investing on a bull market or a bear market (long term).  

[RewFrew]

yes thats what i think, tomorrow i gonna maybe close my eyes and buy.
i believe in it for about 80%. the global old system is very poor compared to blockchains, but power financial governments always dictate who's the boss when needed to be.

the super quantom computer are beginning their ways, so all the binary 0 1 gonna be cracked, its a matter of time.

[RewFrew]

Hi there,

First post. i'm a newbie, i hold 2200$ and i wanna buy bitcoin for about 3weeks now, but the price is skyrocket day after day from 1150$ to 1350$ right now.

i'm waiting everyday for a dump, a dump to buy at 1150$... but day after day i tell myself: u had to buy it yesterday.

i have a bizarre feeling that the price gonna go high til 1700$ then a dump to 1550 then go skyrocket to 2000$.

So always the same question: i wish i buy it yesterday, but today the price is very very high and all what i have to do is close my eyes at the current high price and buy for my 2200$.

any wishs from good traders? i'm just a newbie.

Noone knows what will have the better outcome between keep waiting for a big correction or go all in just now or on next small dip. The only thing I can tell you is, if you already have the funds on an exchange which in fact means you are already accepting some minor risk (unless it is Bitfinex, in which case the risk is way above MY threshold level of acceptable risk), you can do some "hedging" on your going in.

For example, you can go buying in small quantities and depending on evolution of the price decide what to do next. If it goes down, you can either increase your funds "in" or wait for a deeper bottom, if it goes up you can also keep increasing the ammount and setting some stop losses, etc etc....

Just an idea.... But in the end what matters the most is if you are investing on a bull market or a bear market (long term).  

my strategy is to buy bitcoin for around 4500$, spred 2500$ on bitcoin, ethereum, dogecoin,litecoin,golem,monero.. some big crypto, and buy for about 40 atlcoins for 50$ each with a big potential of x30 X50 X100 and sell them, its gonna maybe finish in losing bets on about 75%, but if only 3 of those 40altcoins skyrocket, it gonna cover for the rest and ++

my srategy is to hold for 2years at least.

at the same time, i'm a poker player and gonna grind on tables without be in a hurry to withdrawl my money from altcoins.

[JayJuanGee]

The trend is that bitcoin dominance is falling. That can't be denied. There are real reasons, most especially because bitcoin is struggling to innovate and scale. Its is pushing against a limit and so far failing to break through. I view this as the best of a set of bad options. Segwit and BU are both no solution.

The free market is fixing bitcoin scaling problems all by itself via alternative blockchains, even straight out bitcoin clones like Litecoin and Dogecoin have this potential. Meanwhile some alts are truly innovative. We have alts doing what they should be doing, taking some of the strain.

You are coming off as a goofball nutjob, banker shill troll.

Who gives a ratt's ass if some other crypos are coming into the space... doesn't lead to your unsubstantiated conclusion that bitcoin is either failing or underperforming.

More or less, here's what you are saying:  bitcoin is failing because other coins are being invested in...  

Again, who gives a ratt's ass?    

Hopefully, you have not decided to not invest in bitcoin based on your theory?, because you may well end up chasing the bitcoin train in the coming weeks, or would that be rocket? (a bit more difficult to catch)

and a "ratt" spelled with two t's makes it that much  more "ratty"
but i digress...

I believe and speculate its a bitcoin sellers market at this point in time of bitcoin price movement, but I could be wrong
or I could be right...

If you keep saying we are at the top, sooner or later you will be right... I would not risk too much on such a bet that BTC prices are gong down.

On the other hand, if you have owned BTC since some lower point, let's say $600, it will have been good to take some profits along the way in order that you are prepared for a correction at any point, but if the rocket (train) takes off, you better have some money still in BTC (hopefully at least 50%) because you really should not be taking such heavy gambling...against the upwards possibility.

[JayJuanGee]

Hi there,

First post. i'm a newbie, i hold 2200$ and i wanna buy bitcoin for about 3weeks now, but the price is skyrocket day after day from 1150$ to 1350$ right now.

i'm waiting everyday for a dump, a dump to buy at 1150$... but day after day i tell myself: u had to buy it yesterday.

i have a bizarre feeling that the price gonna go high til 1700$ then a dump to 1550 then go skyrocket to 2000$.

So always the same question: i wish i buy it yesterday, but today the price is very very high and all what i have to do is close my eyes at the current high price and buy for my 2200$.

any wishs from good traders? i'm just a newbie.

Ultimately you gotta figure out what works for yourself.

If you are just starting, you may want to buy with 1/3 to 1/2 of your total amount right away, and then just attempt to strategize with the rest in case the price goes down.  it is not easy to do, but like you said if you continue to wait and to wait and to wait,then you don't have any stake in the game in the event that prices do not sufficiently dip to your target price, whether that is $1300, $1200 $1000, $800 some other price point.

In other words, invest some and dollar cost average with some and attempt to buy on dips with some, and over time you should be able to accumulate bitcoins and to be profitable... but it could take a while.