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

[Wekkel]

RSI is pointless if BTC is about to go in overdrive. The trend is your friend.

[HI-TEC99]

They got all weekend to keep dumping.

We often used to get dumps at the weekend, but during some recent weekends we got pumps instead. This rally is breaking all the rules. It's so unpredictable that I'm taking jimbo's advice and just hodling.

[spooderman]

They got all weekend to keep dumping.

We often used to get dumps at the weekend, but during some recent weekends we got pumps instead. This rally is breaking all the rules. It's so unpredictable that I'm taking jimbo's advice and just hodling.

yeah don't get me wrong, i been hodling since 2013, but last 2 weekends (if i'm not mistaken) we saw dumps correct?

[DeathAngel]

It dipped to 1813 this morning? God that will shatter my hopes and dreams. How terrible!

:-)

Bitcoin died again
Seriously though the panic from noobs & inexperienced bitcoin'ers is embarrassing when there is a mini dump. I'd understand if the price plummeted $500 over night but come on

[Asrael999]

It dipped to 1813 this morning? God that will shatter my hopes and dreams. How terrible!

:-)

Bitcoin died again
Seriously though the panic from noobs & inexperienced bitcoin'ers is embarrassing when there is a mini dump. I'd understand if the price plummeted $500 over night but come on

Let's hold off panicking until the price drops to around $250

[HI-TEC99]

They got all weekend to keep dumping.

We often used to get dumps at the weekend, but during some recent weekends we got pumps instead. This rally is breaking all the rules. It's so unpredictable that I'm taking jimbo's advice and just hodling.

yeah don't get me wrong, i been hodling since 2013, but last 2 weekends (if i'm not mistaken) we saw dumps correct?

The weekend before last didn't really move the price too much. It went down then back up again.



Last weekend we did get a small dump, but it recovered quickly afterwards.



We do often get dumps at weekends, that's the rule, but this rally sometimes breaks that rule and costs anyone betting on it a fortune.

[yefi]

How do you do it? Use margin? Constantly dump and try to buy back in?

lol, hell no. Money is in the alt game. With all the newbies flowing in, it's like a turkey shoot.

[willope]

It dipped to 1813 this morning? God that will shatter my hopes and dreams. How terrible!

:-)

Bitcoin died again
Seriously though the panic from noobs & inexperienced bitcoin'ers is embarrassing when there is a mini dump. I'd understand if the price plummeted $500 over night but come on

Let's hold off panicking until the price drops to around $250

Oh please! I would panic buy with everything I have. I would sell my car, my mother's house, my sister's body and my kidney just to get money to buy bitcoins at 250$. 
It's a joke. I wouldn't sell my kidney.

[Paashaas]

People will think twice before selling there coins, Bitcoin is to valuable for it.

$2000 next week!

[JayJuanGee]

It dipped to 1813 this morning? God that will shatter my hopes and dreams. How terrible!

:-)

Bitcoin died again
Seriously though the panic from noobs & inexperienced bitcoin'ers is embarrassing when there is a mini dump. I'd understand if the price plummeted $500 over night but come on

Let's hold off panicking until the price drops to around $250

Oh please! I would panic buy with everything I have. I would sell my car, my mother's house, my sister's body and my kidney just to get money to buy bitcoins at 250$. 
It's a joke. I wouldn't sell my kidney.

I know that sometimes the exaggerations are attempts to have fun - but let's get a bit real.

At this time, I think that we could panic if we were to see prices below $700, anywhere within the next several months.

In other words, it would take a whole hell-of-a-lot of loss of confidence to achieve those kinds of numbers below $700 or even below $1,000 for that matter (maybe panic would be o.k., even with prices below $1k).. and right now, at the moment, the trend is upwards, and the current dips that we have been experiencing into the mid-$1,700s tends to support pretty decent probabilities that BTC prices are continuing up... and testing of $2,000 is seeming likely in the coming days or within a week or so if it drags out.

Sure, dynamics can change, too.

[simmo77]

Was this everything that the bears got?

I know this market is particularly irrational, but it was never going to keep going up forever. People will take profits, bulls and bears alike.

Put down the Kool-Aid and buy the dip.

[craked5]

Was this everything that the bears got?

I know this market is particularly irrational, but it was never going to keep going up forever. People will take profits, bulls and bears alike.

Put down the Kool-Aid and buy the dip.

Yeah I'd bet the coin is going to go back to 1600$
Maybe a bit less
This price isn't a bit high in my opinion...

[JimboToronto]

An extremely early good morning Bitcoinland. 9:50AM local time. Isn't that farmer's hours?

Seems we had the massive correction we were all waiting for, dropping $135 at one point... currently $1781 USD (Bitcoinaverage).
 
That's all the way back to where we were the day before yesterday. Oh boo hoo.

Not a buyable dip. Still waiting. Nice to see we're not in a bubble.

[simmo77]

Was this everything that the bears got?

I know this market is particularly irrational, but it was never going to keep going up forever. People will take profits, bulls and bears alike.

Put down the Kool-Aid and buy the dip.

Yeah I'd bet the coin is going to go back to 1600$
Maybe a bit less
This price isn't a bit high in my opinion...

I'm just sick of the cultist bullshit in this thread, and people telling others what to do with their money.

I believe in BitCoin, otherwise I wouldn't be here, but at the moment (IMO) it is still a speculative investment and has little utility value.

Lots of hurdles to overcome before it will achieve mainstream adoption, but that's OK. I'm in for the long haul.

[craked5]

An extremely early good morning Bitcoinland. 9:50AM local time. Isn't that farmer's hours?

Seems we had the massive correction we were all waiting for, dropping $135 at one point... currently $1781 USD (Bitcoinaverage).
 
That's all the way back to where we were the day before yesterday. Oh boo hoo.

Not a buyable dip. Still waiting. Nice to see we're not in a bubble.

I agree on the "not a bubble" part
But not a buyable dip? It's a 135$ dip, not enough for you?
Waiting for 500$ drop? ^^

[LFC_Bitcoin]

An extremely early good morning Bitcoinland. 9:50AM local time. Isn't that farmer's hours?

Seems we had the massive correction we were all waiting for, dropping $135 at one point... currently $1781 USD (Bitcoinaverage).
 
That's all the way back to where we were the day before yesterday. Oh boo hoo.

Not a buyable dip. Still waiting. Nice to see we're not in a bubble.

Morning Jimbo, yep nothing to see here for all the bears, trolls & haters praying for a huge crash. This is nothing more than a healthy & expected correction.

Keep doing what you do my fellow HODLER!

[Holliday]

has little utility value.

Bitcoin has massive utility value. It provides freedom to the user in the face of ever increasing capital controls implemented by the most powerful governments in the world.

Lots of hurdles to overcome before it will achieve mainstream adoption, but that's OK. I'm in for the long haul.

Bitcoin will never achieve "mainstream adoption". The average debt slave doesn't care about freedom.

[Dabs]

You don't buy at the dip in bitcoin, you dip into some altcoins... (it's called gambling.)

[LFC_Bitcoin]

You don't buy at the dip in bitcoin, you dip into some altcoins... (it's called gambling.)

Interesting. I definitely think there is a huge scope for making serious profits in Litecoin. I have been tempted to pump a couple of thousand dollars into Litecoin, HODL for a bit & then if it rises a lot dump for bitcoin.

[simmo77]

has little utility value.

Bitcoin has massive utility value. It provides freedom to the user in the face of ever increasing capital controls implemented by the most powerful governments in the world.

Lots of hurdles to overcome before it will achieve mainstream adoption, but that's OK. I'm in for the long haul.

Bitcoin will never achieve "mainstream adoption". The average debt slave doesn't care about freedom.

1 - Explain how it provides freedom from capital controls any more than cold hard cash does? I have BTC and I have travelled extensively, my BTC has been pretty much useless to me abroad. "Dirty fiat" i.e. USD cash money is accepted pretty much everywhere. This is not a criticism of BTC, it just illustrates that we are early in the game.

2 - I'm not a debt slave so I wouldn't know. I own my house and owe nothing to the bank or anyone else, so I guess I'm struggling to understand your point? You say that BTC provides freedom to the user, then say the avg debt slave doesn't care about freedom? I'm confused....
I'm sure any slave, debt or otherwise, has freedom at the front of mind.