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

[LFC_Bitcoin]

We're at $1752 on Stamp, in the same range we've been at for a week now.

A week is a long time to you ?

Some of us have been watching this for 4 years.

Look at my join date, I've been buying & HODLING since May 2014. These prices are nice but we've seen nothing yet. HODL until about 6 months to a year after the next halving then you'll see fireworks.

[toknormal]

The thing is, if one is majorly hedged in alts, you never loose.

They never fail to rally on the dips. Bear market ? Alts to the moon.

[jjacob]

We're at $1752 on Stamp, in the same range we've been at for a week now.

A week is a long time to you ?

Some of us have been watching this for 4 years.

Look at my join date, I've been buying & HODLING since May 2014. These prices are nice but we've seen nothing yet. HODL until about 6 months to a year after the next halving then you'll see fireworks.

The halving is still some time away. We haven't even completed a year after the last halving. 
Right now, there seem to be a lot more triggers at play than the supply of bitcoins (block reward halving). In any case, I plan to hold long term as well.

[DeathAngel]

The thing is, if one is majorly hedged in alts, you never loose.

They never fail to rally on the dips. Bear market ? Alts to the moon.

What alts would you recommend? I've been thinking about trying to ride the Litecoin train & then offload to increase my bitcoin holdings.

Most other alts are a big risk & real shitcoin's in my experience. 

[European Central Bank]

The thing is, if one is majorly hedged in alts, you never loose.

They never fail to rally on the dips. Bear market ? Alts to the moon.

and people said bitcoin never dips below its previous all time high. then it did.

that's a very dangerous attitude. things are looking rosy right now. no one knows what the future holds.

[Coinnosaurus]

Bitcoin skyrocketing.

in the opposite direction ..

[iikun]

We're at $1752 on Stamp, in the same range we've been at for a week now.

A week is a long time to you ?

Some of us have been watching this for 4 years.

Except for long-play markets such as real estate, 4 years may as well be 4 decades ^^;
I know if I see someone on this thread post "Bitcoin skyrocketing" I check the price straight away. Snooze & you lose in Bitcoin land...

[JohnUser]

At the 1st ETF btc fall 1350 to 850, 450$ lower.

So could we expect 1300$ this time ?

[European Central Bank]

At the 1st ETF btc fall 1350 to 850, 450$ lower.

So could we expect 1300$ this time ?

why? they've already said no. it was obvious why they said no. there are even more reasons to say no now.

[BrewMaster]

At the 1st ETF btc fall 1350 to 850, 450$ lower.

So could we expect 1300$ this time ?

the first time a lot of idiots thought ETF is going to be approved and saw moon in their dreams so they FOMO bought bitcoin. when it was rejected they became sleepless.

this time nothing has changed about bitcoin and its regulation nor its volatility so everyone knows it is not going to be approved. even if there are some leftover idiots dreaming of moon time i don't think their numbers are that great

so we can expect a much smaller dip!

[JohnUser]

the first time a lot of idiots thought ETF is going to be approved and saw moon in their dreams so they FOMO bought bitcoin. when it was rejected they became sleepless.

In fact they were not so idiots if they sell their 1300$ FOMO invest at 1800$. Maybe lucky idiot ;)

[Meuh6879]

perhaps, we can short this to 1400 EUROS ... before the next month ?

[bartolo]

I don´t find an objective reason for this price decline except speculation, maybe sell for take profit, buy altcoins, sell, take profits and buy bitcoin again. The ETF issue I don´t think anyone had any hope for it. The other time it didn´t have as much impact, it is true that there was a drop but then almost instantly it had a rebound up again.

[dantanas]

Just crazy. Price due to the randsomaware attacks?

[Instamined]

the first time a lot of idiots thought ETF is going to be approved and saw moon in their dreams so they FOMO bought bitcoin. when it was rejected they became sleepless.

In fact they were not so idiots if they sell their 1300$ FOMO invest at 1800$. Maybe lucky idiot

Lucky idiot is how I imagine the majority of people who have gotten rich off of Bitcoin. Maybe I'm just jealous, but I think there's a bit of truth to it.  

[JimboToronto]

Good morning Bitcoinland.

I see we're still consolidating after the May 11-12 correction... currently $1719USD (Bitcoinaverage) and forming a nice pennant.

Will it be a couple of days before we start seriously moving up again?

I hope everybody bought when it was below $1700.

[tk3609]

China is dumping hard, but the west is still hodling. Couple months/years ago, west was blindly following China, now it looks like there is a western/chinese civil war. West is bullish, China is bearish.

[gentlemand]

I don´t find an objective reason for this price decline except speculation.

I couldn't much of an objective reason for the rise either. Sometimes things just happen because they feel like happening.

[Instamined]

China is dumping hard, but the west is still hodling.

This song sumarizes it well https://www.youtube.com/watch?v=A7TuFy0fcuw

Yes, seriously. It amazes me how people don't have the slightest care about the millions of btc and ltc frozen on chinese exchanges all bought at significantly reduced prices relative to the western markets.

Some say that's because it's uncertain whether or not they will have access to these coins again but I believe it's because they can get away with corruption easier and they have frozen the market to hedge a short against western markets which are essentially giving away free money to them. A large volume is frozen which means it will move in large chunks once it becomes available. It's not like if 2-3k btc were frozen. It's 2-3 million.

[tk3609]

China is dumping hard, but the west is still hodling.

This song sumarizes it well https://www.youtube.com/watch?v=A7TuFy0fcuw

Yes, seriously. It amazes me how people don't have the slightest care about the millions of btc and ltc frozen on chinese exchanges all bought at significantly reduced prices relative to the western markets.

Some say that's because it's uncertain whether or not they will have access to these coins again but I believe it's because they can get away with corruption easier and they have frozen the market to hedge a short against western markets which are essentially giving away free money to them. A large volume is frozen which means it will move in large chunks once it becomes available. It's not like if 2-3k btc were frozen. It's 2-3 million.

You could say the same thing about frozen assets on bitfinex. Who is going to break first?