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

[BlindMayorBitcorn]

The bubble to 1.2k actually had around a 30% dip at 362 just like this. But still it doesnt look too good right now.

I saw an Orca tear into a great white shark that looked better than this.

[Denker]

So everyone here is shitting the pants or what's going on?  
Just buy partially if you can! The lower it gets the more you can accumulate.
We've seen this how many times now in the last 8 years? I stopped counting.
At least the veterans here should know how to handle this phase.

[luckygenough56]

i can phase a handle

[fluidjax]

The bitcoin market has never taken money from me besides the occasional transaction fee and whatnot, so I can't even imagine what it would feel like buying a $2800 bitcoin and the price immediately going to $2000, but I'm sure that guy is in this thread somewhere.

So do enlighten us to the reasons you come here to spread your permanent negativity.
1) Is it a moral duty to wake up the perma-bulls
2) You revel in the joy of others suffering
3) This is just a bear alt personality, designed to contribute to market manipulation
4) You have a silver mine in your back garden or bought lots at peak in 2011, and are sitting on huge loses.

Please enlighten me to your motivations, I'm curious.

[Wekkel]

More movement in Crypto than PMs.

[simmo77]

So it turns out that the reappearance of Richy_T was a strong sell indicator

(Nothing personal mate, just a joke...)

[miningnew]

So everyone here is shitting the pants or what's going on?  
Just buy partially if you can! The lower it gets the more you can accumulate.
We've seen this how many times now in the last 8 years? I stopped counting.
At least the veterans here should know how to handle this phase.

I cant shutdown the part in my brain that wants to trade and accumulate a few more bitcoin

[julian071]

Impressive 800 BTC wall getting eaten @ Kraken.

[mike4001]

So, hope this is the bottom

Just bought 0,3 BTC

[leowonderful]

This is fine, I can go into long-term HODL node if need be though personally I think we're going to be breaking back into the 2000s as soon as we get to Monday or Tuesday. Better HODLing than panicking and selling coins to other shitcoins. Bottom is likely reached at this point, though we could still break lower.

[Qartada]

All of the top 20 coins are down more than 20% in the last day.

The lesson is:  stop convincing yourselves that it's the new normal every time there's a dramatic rise in price.  If it's really quick, it's probably a mini-bubble.

Also, buy when there's blood in the streets.

[york780]

All of the top 20 coins are down more than 20% in the last day.

The lesson is:  stop convincing yourselves that it's the new normal every time there's a dramatic rise in price.  If it's really quick, it's probably a mini-bubble.

Also, buy when there's blood in the streets.

There is no blood yet. Look at the charts. Everything still at the top.

[walonek]

All of the top 20 coins are down more than 20% in the last day.

The lesson is:  stop convincing yourselves that it's the new normal every time there's a dramatic rise in price.  If it's really quick, it's probably a mini-bubble.

Also, buy when there's blood in the streets.

There is no blood yet. Look at the charts. Everything still at the top.

LOL -40% is no blood

[d5000]

My guess is that the target bottom Bitstamp price, for now, is $1800. The reason: It was the most visible high in the uptrend (after $1800 it fell down to $1600 and then rose again).

If it stabilizes there, then the real dead cat bounce will start. But the $2700 will not be reached, for some months at least. There is no reason for it, only speculation.

The bottom could be somewhere near the old ATH, or even a bit lower (900?), but it won't be reached inmediately but in some months.

Only when a scaling solution emerges that doesn't lead to a chain split (no BU hard fork, no UASF without supermajority) then we could go above $2700 and probably even $3000+.

[leowonderful]

All alts are down up to 40%, whales are taking profits right now. Once this period ends we're probably going to see another period of pumping and eventual dumping. Interesting stuff. Or it could just be that alts are dependent on bitcoin's price in some way after all...

[york780]

All of the top 20 coins are down more than 20% in the last day.

The lesson is:  stop convincing yourselves that it's the new normal every time there's a dramatic rise in price.  If it's really quick, it's probably a mini-bubble.

Also, buy when there's blood in the streets.

There is no blood yet. Look at the charts. Everything still at the top.

LOL -40% is no blood

It isnt. This is why you are a newbie. Crypto pumps almost 40% in 4 days. Real blood will come. Remember 2013? Well welcome in 2017 rightnow. The muhh 'mass adoption FOMO' bubble. Those idiots never learn

[conspirosphere.tk]

You´re all talking about england, i´m talking about small little friendly people, who welcome me, when i arrive.

Loompaland?

I'm fine in HODLand.

[york780]

You´re all talking about england, i´m talking about small little friendly people, who welcome me, when i arrive.

Loompaland?

I'm fine in HODLand.

So kind of you, now more people can dump on you. Bubble popping. Time for a 1 year bearmarket from now on. Hardfork incoming because UASF will fail cuz it has not enough support. Look at ethereum, it had a 1 year bearmarket after it forked. Bitcoin will be no exception. Sell while you still can. Otherwise you can only blame yourself.

[rjclarke2000]

You´re all talking about england, i´m talking about small little friendly people, who welcome me, when i arrive.

Loompaland?

I'm fine in HODLand.

So kind of you, now more people can dump on you. Bubble popping. Time for a 1 year bearmarket from now on. Hardfork incoming because UASF will fail cuz it has not enough support. Look at ethereum, it had a 1 year bearmarket after it forked. Bitcoin will be no exception. Sell while you still can. Otherwise you can only blame yourself.

So you've gone from king of the bulls to now a bear?

[petahashminer]

what a blood bath.

now we all are in deep waters, surrounded with sharks.