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

[N12]

Please stop it.

You can stop the pain by unloading your heavy bags. We need a bear market to purge this market of altcoin malinvestments and regain Bitcoin dominance by scaling with Segwit and Lightning.

[ParabellumLite]

Hold or sell now? Was holding for 5 years but I feel we´ll go down and won´t see 2k for a long time? Just a feeling... I had it in my balls when the price was 2,9K I was so pumped to sell. I knew it will drop... Damn always the same mistake...

If you're not into Bitcoin for ideological reasons, I would definitely sell because of the following reasons:

- Charts indicate BTC will very likely travel downwards to the 1500 range in the coming weeks/months/over a year from now ;
- There's no saying how long this will take, and whether BTC will veer back up to 3000 dollars in the longer run - given it is being overtaken by newer tech  ;
- Long positions are about to be demolished, turning the market in a shorting circus ;
- Bitcoin has tripled in value over the past few months, while a few altcoins have increased in value much more than Bitcoin (in the 1000's of percents!). Bitcoin's price increase was likely related to the altcoin market, not as much fundamentals.

[ShroomsKit_Disgrace]

Bitcoin to be banned in USA ... https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5
http://www.zerohedge.com/news/2017-06-14/you-wont-believe-stupid-new-law-against-cash-and-bitcoin
... in certain circumstances
extra bullish

Amazing how this bill was issued the 25th of May (super bullish BTC) but zerohedge publishes and adevertises it today (super bearish feelings).

Someone wants our juicy BTC cheap and we should not allow it! 

[spiderbrain]

Hold or sell now? Was holding for 5 years but I feel we´ll go down and won´t see 2k for a long time? Just a feeling... I had it in my balls when the price was 2,9K I was so pumped to sell. I knew it will drop... Damn always the same mistake...

If you've been holding for 5 years you probably need to diversify a little. Now is still a good time, we're up 200% in the last 6 months

[WhatsBitcoin]

Bitcoin to be banned in USA ... https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5
http://www.zerohedge.com/news/2017-06-14/you-wont-believe-stupid-new-law-against-cash-and-bitcoin
... in certain circumstances
extra bullish

Amazing how this bill was issued the 25th of May (super bullish BTC) but zerohedge publishes and adevertises it today (super bearish feelings).

Someone wants our juicy BTC cheap and we should not allow it! 

 proof-of-whales

https://twitter.com/VitalikButerin/status/875191811056193537

[Spaceman_Spiff]

Bubble has most probably popped. Get ready for a global crypto bear market.

Yeah so BIG bitcoin bubble



It's all about perspective

How up to date is this thing?

[MinermanNC]

Nah its just the start of summer and vacation time. Seems many always sell some BTC for their trips etc. That's all it is lol  

That and I felt a drop was over due. Lets get this over with and start to climb back to a more realistic and stable price. 2500 would be a good start.  

That congressional report seems kind of routine. Digital currency is always being analyzed in the big picture as a means of laundering amongst other things.....

[European Central Bank]

How up to date is this thing?

i assume it creamed silver quite some time ago. it has a little more work to get on top of the rest of them.

[LFC_Bitcoin]

If we drop below $2000 I'm going to be pissed off at first, a lot. Then I'm going to see it as a buying opportunity & increase my stash by pumping some of my fiat savings into bitcoin.

[empowering]

Hold or sell now? Was holding for 5 years but I feel we´ll go down and won´t see 2k for a long time? Just a feeling... I had it in my balls when the price was 2,9K I was so pumped to sell. I knew it will drop... Damn always the same mistake...

 

Good one

Explain?

I see people pay out and we´ll see 1.5k I guess... and then we´ll hover there for a year...

After 8 weeks straight up , in a near parabolic move, of course you knew it would drop- nothing goes up in a straight line - pullbacks, consolidation, corrections, profit taking,  returns to the 61.8 fib line --- are all to be expected.... after 5 years you know this right?  

What do you suppose your investment will look like in March 2018?

There is a lot of money that is going to be looking for a home in Cryptocurrency - that money cannot enter the market all at once without pushing the price up - the money entering the markets will come in ebbs and flows with profits being taken and then further pumps.

Sure sell now- if you want to do something with the money or if you feel BTC is ded.... otherwise in my humble opinion you risk ending up selling now and buying back in at $3000 in a month’s time or 6 months time.


First they hunt the shorts, then the longs, then they will pump it up to the next level - thereby cutting many players out of the market forever, the ratchet like movements as you may have noticed are rapid and violent when they occur in either direction ... I predict that they will become increasingly more so as more money enters the system during this stage of Cryptocurrencys growth..

Within 1-2 years the market in my opinion will be worth 1 trillion (x 10 what it is today)  BTC will get a lion’s share , within 1 - 2 years I see BTC having a market cap of around 200 billion


All that money entering these thin markets is going to cause a lot of chop - and they are still thin markets in the grand scheme of things...  look what a few tens of billions has done to the marketcaps in the past few months...

Dont get me wrong, I can see $1500 - even $1300 , even $980  any lower than that and they really will cause panic.

But also kinda looks like any other day in Cryptoland in the past 5 years... this pullback is no more surprising than the rapid climb to $3000 (seems like a good place for a breather)


If you want to spend some money then sell bro.

[RayX12]

Bitcoin to be banned in USA ... https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5
http://www.zerohedge.com/news/2017-06-14/you-wont-believe-stupid-new-law-against-cash-and-bitcoin
... in certain circumstances
extra bullish

Amazing how this bill was issued the 25th of May (super bullish BTC) but zerohedge publishes and adevertises it today (super bearish feelings).

Someone wants our juicy BTC cheap and we should not allow it! 

Agreed!

[bitserve]

Hold or sell now? Was holding for 5 years but I feel we´ll go down and won´t see 2k for a long time? Just a feeling... I had it in my balls when the price was 2,9K I was so pumped to sell. I knew it will drop... Damn always the same mistake...

I will never understand selling right after a dump instead of during a pump. But, who knows....

[WhatsBitcoin]

I hope Jihan Wu and Roger Ver die from some painful disease without a cure.

this is you

[elrippo]

Something to read

http://www.anonymousnews.ru/2017/06/15/gold-und-bitcoin-experten-tipps-fuer-investoren-spekulation-mit-zukunft/

[European Central Bank]

I hope Jihan Wu and Roger Ver die from some painful disease without a cure.

they're working for their own greed just like everyone else. it's down to the rest of the bitcoin world to realign their greed to suit everyone else again.

[Torque]

Awww, Bitcoin fall down and go boom. I see the shitcoins are doing worse.

Are the wittle newbs pooping in their wittle diapers yet?

[starmman]

I'm sure this bitmain fiasco will come to nothing, it might even pressure the core team into making a decision if we are lucky - enjoy the volatility whilst its happening...

[ImI]

I wouldn't call it Bitmain-fiasco. I would call it: "Ignoring the necessity of scaling for 3 years fiasco."

Until this day you have peeps like LunaticLuke that say openly that the high fees are good and the blocksize should be shrunk to 0.5MB.

Also we had a solution early 2016, remember? The miners and some core devs agreed for 2MB+SW. What happend? Core just openly gave a fuck about that agreement. Seriously, to blame just one side is rather biased.

[spooderman]

I wouldn't call it Bitmain-fiasco. I would call it: "Ignoring the necessity of scaling for 3 years fiasco."

Until this day you have peeps like LunaticLuke that say openly that the high fees are good and the blocksize should be shrunk to 0.5MB.

Also we had a solution early 2016, remember? The miners and some core devs agreed for 2MB+SW. What happend? Core just openly gave a fuck about that agreement. Seriously, to blame just one side is rather biased.

Don't be an idiot.

You're presenting an absurd view pushed by bitmain, ver trolls and /btc.

If you'd care to do some research into this you'd realize you've been misled.

[ImI]

I wouldn't call it Bitmain-fiasco. I would call it: "Ignoring the necessity of scaling for 3 years fiasco."

Until this day you have peeps like LunaticLuke that say openly that the high fees are good and the blocksize should be shrunk to 0.5MB.

Also we had a solution early 2016, remember? The miners and some core devs agreed for 2MB+SW. What happend? Core just openly gave a fuck about that agreement. Seriously, to blame just one side is rather biased.

Don't be an idiot.

You're presenting an absurd view pushed by bitmain, ver trolls and /btc.

If you'd care to do some research into this you'd realize you've been misled.

An "idiot"? LOL, OK what part is "idiotic"?

Did they sign the agreement? Yes.

Did it say SW+2MB? Yes.

Did Maxwell and others openly state just hours after they signed it "We dont care."  Yes.

So what part is misleading?