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

[ft73]

Looks like a bottom is forming.
Maybe 1445$ is the lowest price for this move.

1540, 1570$ and down again ?

We'll see tomorrow.

[JimboToronto]

Who bought the dip? 

waiting for a bigger dip tbh. anything above 1350 is still above all ATHs barring the last 3 days or so

Exactly my thinking. The day before yesterday's price doesn't quite qualify as a buyable dip.

[Meuh6879]

They try ... because they don't understand the forces in the game.

[Meuh6879]

Who bought the dip? 

Robot.

[blade87]

I'm kind of glad this pulled back. It was starting to get very high anxiety there. I'm not going to be able to sleep if/when BTC enters bubble territory (which I think begins at $1800). I'm still expecting it to pull back a bit further. It always get oversold on a minor time-scale compared to the longer trend.

If we were trading at a range of $130-$160, the movements wouldn't feel as intense. But now that BTC is way up here, the $100+ swings feel like a lot. We are going to have to get used to this!

[Syke]

If we were trading at a range of $130-$160, the movements wouldn't feel as intense. But now that BTC is way up here, the $100+ swings feel like a lot. We are going to have to get used to this!

Time to switch to mBTC. Get your cheap coins under $2!

[snipie]

If we were trading at a range of $130-$160, the movements wouldn't feel as intense. But now that BTC is way up here, the $100+ swings feel like a lot. We are going to have to get used to this!

Time to switch to mBTC. Get your cheap coins under $2!

Wait until the bitcoin price pass the $10k barrier, it will not take that much (too optimistic here lol )

[m3g4tr0n]

If we were trading at a range of $130-$160, the movements wouldn't feel as intense. But now that BTC is way up here, the $100+ swings feel like a lot. We are going to have to get used to this!

Time to switch to mBTC. Get your cheap coins under $2!

And there's only 21 billion of them!

[r0ach]

Who bought the dip?  

Buying the dip means selling bitcoin while it's high and parlaying profits into LTC before it goes to 0.02 - 0.04.  With LTC having segwit + coinbase, it will probably even go to some stupidly high unbelievable number like darkcoin did where you just stare at your screen reciting the words "what the fuck? what the fuck???"

[2017Bubble]

fomo part 2

[2017Bubble]

1b 24h volume new highest volume ever?

 

[Elwar]

I think Elwar has lost his mind; made enough money to retire with BTC but instead of cashing out anything, attempts to use bitcoin as his savings account and spends as he goes until death...

What happens if bitcoin dies?  You can suddenly no longer retire and you're living on the streets? Lol?  I use bitcoin as my checking account and gold + silver (30% gold 70% silver split) as my savings account.  Both gold and silver are barely over cost of production, and platinum is even probably below cost of production now.  This means there's not a whole lot of danger using metals as your savings account, while god knows what will happen to bitcoin.

When the next financial implosion happens, gold tends to hold up better in deflation, and silver tends to do wayyy better than gold in inflation.  The powers that be have not actually let the economy have a real deflationary crash since the 1920s, but if they did, cryptocurrency would get absolutely slaughtered in deflation compared to metals.

You have to vary your financial assets some just to hedge against the possibilities of cascading deflationary collapse vs hyperinflation, and being all in on bitcoin would be absolute shit for deflation.  Cash would obviously be the best for deflation, but gold holds up well enough in deflation for me that I tend to just hold gold as a cash substitute and keep the other savings portion in silver for higher upside potential.

I will likely buy some gold and silver once I settle in one place but I travel the world with all of my belongings.

It was hard enough going through Dubai last week explaining what my Cryptosteel was to security (FYI my keys are scrambled in a way that only I know so even if someone stole it, they could not get my BTC).

Gold requires money spent protecting it. Even if that just means owning property and spending money to hold that property.

I believe Bitcoin has proven itself as a store of value. The only thing something needs to have value is for people to agree on that fact.

[JimboToronto]

May 4, 2017 ended (UTC) with a nice green daily candle despite a correction that saw it drop by over $170 at one point.



Now we're working on our 7th consecutive green candle. Going for the green menorah.

[Paashaas]

To be honest, i expected a bigger dump than this

This is a small stop/taking breath before $2000.

[gembitz]

May 4, 2017 ended (UTC) with a nice green daily candle despite a correction that saw it drop by over $170 at one point.



Now we're working on our 7th consecutive green candle. Going for the green menorah.

$5000 looks doable ~ keep pumping!! :-D

[lightfoot]

If we were trading at a range of $130-$160, the movements wouldn't feel as intense. But now that BTC is way up here, the $100+ swings feel like a lot. We are going to have to get used to this!

Time to switch to mBTC. Get your cheap coins under $2!

I love it. Only problem is bitcoin mining fees are too high compared to litecoin at that level. Which would be solved by segwit stuff but that won't happen due to reasons...

[arklan]

If we were trading at a range of $130-$160, the movements wouldn't feel as intense. But now that BTC is way up here, the $100+ swings feel like a lot. We are going to have to get used to this!

Time to switch to mBTC. Get your cheap coins under $2!

I love it. Only problem is bitcoin mining fees are too high compared to litecoin at that level. Which would be solved by segwit stuff but that won't happen due to reasons...

yep. it's a mess. ...still.

[podyx]

Bitcoin bouncing back from an L

[marcus_of_augustus]

Who bought the dip? 

When did it change from "Who sold at the bottom?"

[savetherainforest]

May 4, 2017 ended (UTC) with a nice green daily candle despite a correction that saw it drop by over $170 at one point.



Now we're working on our 7th consecutive green candle. Going for the green menorah.

7th candle...     ... Keep them candles flowing!!!