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

[toknormal]

Looks like the dip's being majorly bought.

[marcus_of_augustus]

Looks like the dip's being majorly bought.

Uh-huh, appears that way ... true bulls haven't blown off yet by all accounts.

Some noob losers have blown their loads prematurely and cashed out into full fiat (ugh) ... guys are crying misery on reddit about how really he is happy he is to be back in fiat "prophets" 2 months ago and missed one of the biggest sure bets known to man (fucking idiots) ... this has got all the symptoms of wall of worry, there is nothing worse than the bellowing of sold-out-early bulls, they make me sick (worse than bears I think) ... roach is our best example around here, still fapping hisself about selling out and going full fiat at $600 roach?

Back in the real world, this correction is setting us up for another big run up if things go on as they are, targetting 3200-3600 end june early July now (6 week doubling).

[toknormal]

Back in the real world, this correction is setting us up for another big run up if things go on as they are, targetting 3200-3600 end june early July now (6 week doubling).

Yeah. Agree.

This is a once-every-4-years rally. Those don't splutter out at a mere multiple of 2.

[HI-TEC99]

Back in the real world, this correction is setting us up for another big run up if things go on as they are, targetting 3200-3600 end june early July now (6 week doubling).

Yeah. Agree.

This is a once-every-4-years rally. Those don't splutter out at a mere multiple of 2.

It was less than two days ago that we kept on hitting new ATHs on stamp. It's only down by $90 from the $800 we were at then. Bitcoin's becoming so valuable that one or two hundred dollars down is a small correction.

It's another ATH on bitstamp, it's broken past $1800. Now $2000 is getting extremely close. Bitfinex has an ATH of $1867, only $133 off that magic $2000. It shouldn't take stamp too long to catch up after bitfinex breaks that target.

[matt4054]

This is a once-every-4-years rally. Those don't splutter out at a mere multiple of 2.

Well, it could be argued that Willy is not there this time and that +100% in 3 months means massively overbought for a market where organic growth is pretty much limited to cryptolocker losers

I guess only time will tell.

HODL remains a valid strategy, of course. But nothing wrong about shorting a little bit while the fever is still there.

[European Central Bank]

organic growth is pretty much limited to cryptolocker losers

localbitcoins does not lie. demand is up however you wanna look at it even if a bunch of it is down to alt fever.

that still doesn't mean we won't head back to 11/1200 with ease.

[matt4054]

organic growth is pretty much limited to cryptolocker losers

localbitcoins does not lie. demand is up however you wanna look at it even if a bunch of it is down to alt fever.

that still doesn't mean we won't head back to 11/1200 with ease.

Okay that was a little bit trollish. But if you're up for a sensible debate, how would you explain that new demand over the last 90 days?

[European Central Bank]

Okay that was a little bit trollish. But if you're up for a sensible debate, how would you explain that new demand over the last 90 days?

i don't hold much truck with exchange demand. it's such a pain in the ass to get on an exchange that i don't think it's a very good indicator of what real people are up to.  

i think it was mainly fomo brought on by bitfinex upping the price. now at least they're doing a one time withdrawal of usd that particular pressure valve has been let off.

elsewhere it might be people still piling into alts. i'm pretty amazed how they've managed to sustain themselves.

[Ted E. Bare]

Any worst case predictions? I really like the current prices, but I guess we have to be okay with a correction every now and then.

[JayJuanGee]

Any worst case predictions? I really like the current prices, but I guess we have to be okay with a correction every now and then.

Worst case scenarios are below $800...

More likely bad case scenarios is somewhere between $1200 and $1500

[Ted E. Bare]

In that case give me bad case instead of worst! ^^

[sirazimuth]

It was less than two days ago that we kept on hitting new ATHs on stamp. It's only down by $90 from the $800 we were at then. Bitcoin's becoming so valuable that one or two hundred dollars down is a small  necessary correction.

fify

[Instamined]

[TeeBone]

if 1610 doesnt hold, you've got open air to 1350

[CoinHoarder]

Wellp, I am back on the hodl train. I bought back in when it dipped down to 1750.

I'm wishing now I would of waited for $1700, but oh well. I can't tell the future. :\

I think there is a decent chance this is another bear trap before a new all time highs, then the real correction will occur.

If a big correction is occurring now, then I am going to hate myself, lol.

[sirazimuth]

if 1610 doesnt hold, you've got open air to 1350

open air?...breath deeeep
bitcoin  gonna be fine
 1800 on wednesday . i know ...says so right here on my tea leaves..

[leowonderful]

Wellp, I am back on the hodl train. I bought back in when it dipped down to 1750.

I'm wishing now I would of waited for $1700, but oh well. I can't tell the future. :\

I think there is a decent chance this is another bear trap before a new all time highs, then the real correction will occur.

If a big correction is occurring now, then I am going to hate myself, lol.

HODL train has left the station a while ago, been HODLing since 600 and I don't plan on getting off soon. It's just a correction and nothing major, if you're HODLing just chill, do something else and forget about the price. One of the advantages of HODLing is you don't need to worry about price we'll be back to cracking ATHs in no time, we just need to refuel by correcting a little bit.

[spooderman]

still not buyable for me. i need ~1200.

crazy that 1600s seem low to us now

[BlindMayorBitcorn]

https://twitter.com/Tcorp_/status/863132877784989696

"By the next 24hrs the whole fucking world will be under ransom and they will need out bitcoins. This is real life Sci-Fi and we live it!"

Bitcoin's killer app.

[TeeBone]

if 1610 doesnt hold, you've got open air to 1350

open air?...breath deeeep
bitcoin  gonna be fine
 1800 on wednesday . i know ...says so right here on my tea leaves..

Good job, black cat.