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

[rezurect]

we have broken down through the medium term support line

this could just be the mother of all bear traps...or things could get really ugly

You like a little drama in your posts?

Seems as if you are exaggerating a bit.

Look, we were just  at these price points a week ago (which is a 15% correction), and it would not be unreasonable to have a 30% or more correction.  I have my doubts about a 50% correction, but sometimes, momentum has it's own effect, and sure as fuck, bitcoin likes to overshoot expectations, no?  We are not beyond overshooting, but there is no need to exaggerate and to act like there is some kind of doom and gloom going on in bitcoin at this time, and there seems to be considerable and ongoing buying support, at this level and at lower levels, if we go there. 


NO need to panic yet, boys and girl.

We both know that bitcoin always has the potential to lose on the order of 40% of its value in a matter of days.  It has happened many times in the past and yes, I have found it rather dramatic when it happened.  Were it to do that now it would put us under 3000 USD.  Such an event would not shake my faith in the long term exponential bull, but newcomers to the space should be aware of the possibility.

O.k.   So your reason for drama is to help out the "newcomers" to better understand the market movements of bitcoin?  A bit patronizing, no? 

Yeah, newcomers can look at charts, and yes, there are a lot of people who jump into something blindly, so are these "newcomers" gonna understand your drama for what it is?  A warning or you want to call it an "awarening"?

Jesus, you still have that fucking massive stick up your ass. 

Since when is someone doing some speculation in a speculation thread 'some drama'.  Please don't answer that with one of your fucking dull as dishwater walls of text, it was rhetorical.

The best thing noobs can do is put you on ignore.  This thread went down hill the day you turned up and you drove a lot of good people away with your pedantic bullshit.

damn it nan, you still quoting jjg? 

Where's BJA when you need him?

https://bitcointalk.org/index.php?topic=178336.msg14193055#msg14193055

https://bitcointalk.org/index.php?topic=178336.msg14200801#msg14200801

https://bitcointalk.org/index.php?topic=178336.msg14200912#msg14200912

BJA was a gambling big blocker nutjob, who shorted himself into oblivion.  sold 1/3 of his stash in the $280s, and then the second 1/3 in the $380s  and the final 1/3 after bitfinex in the $580s proclaiming that BTC was never coming back, and then he never came back.. .Go figure how that works when you bet against bitcoin and you double down and leverage such propositions?   

Lot's of people that sell out seem to adapt to that attitude lol.
As soon as they have dumped their btc, btc must go down or die  

Really China again? thought we'd put them behind us!

Traveling by car last 2 days, just catching up on this drop. China syndrome has never lasted to long, if that's really what's driving it. We really cant rely on what we read or hear coming from China anyways. Give it a day or 2, lol

Well it has obviously had some kind of effect, why would the dumps and this news coincide?

[1715495018]

1715495018

[Elwar]

Guys this dip has me in quite the predicament.

I got a scratch on my lambo and before I would have just bought a new one because why not right?

Now I am deciding between having it sent back to the factory for a full body replacement or if the dip goes further I will have to have to resort to how the common folk fix this...full paint job.

 

[Arriemoller]

Guys this dip has me in quite the predicament.

I got a scratch on my lambo and before I would have just bought a new one because why not right?

Now I am deciding between having it sent back to the factory for a full body replacement or if the dip goes further I will have to have to resort to how the common folk fix this...full paint job.

 

https://www.youtube.com/watch?v=xL2HIuJR43A

Thats how common folks do it.
Personaly I just buy a can of paint that is somewhat in the same nuance and spray. Then again, my car is a diarrhea brown Volvo 144 from 1980.
I was thinking maybe buying a vanity plate, but that would actually cost more than the car.
But it's a great car, no freaking electronics that breaks down, and no car tax due to it being a veteran.

[TheRealProphet]

I'll be back under $3000. Sell now, before it's too late. Mark my words.

[bones261]

I'll be back under $3000. Sell now, before it's too late. Mark my words.

Here's the mark that you get for your words.

[NUFCrichard]

What is going on with the price differences between exchanges?
There are hundreds of dollars difference between Kraken and Bitfinex/Bitstamp.

Is there any good reason, or just different methods of buying? They are usually pretty close to each other.

[Searing]

I'll be back under $3000. Sell now, before it's too late. Mark my words.

been holding and accumulating since 150 usd price in oct 2013

no issues...mined it all...nothing invested ...clear...all profit from mining

can't get beat up on timing and price if you simply hold

[Mrpumperitis]

China not only bans new local ICOs but orders liquidation of existing ones.
 http://finance.caixin.com/2017-09-04/101140069.html

[Karartma1]

There is a battle between who voted in the current poll: it's either Hell or Moon

[Neo_Coin]

What is going on with the price differences between exchanges?
There are hundreds of dollars difference between Kraken and Bitfinex/Bitstamp.

Is there any good reason, or just different methods of buying? They are usually pretty close to each other.

GDAX is always 100/200$ higher. Why?  It is not the best place where to buy

[JayJuanGee]

China not only bans new local ICOs but orders liquidation of existing ones.
 http://finance.caixin.com/2017-09-04/101140069.html

That article is clear as fuck, Pumpy.  Thanks for that.  it gave me a opportunity to work on my chinese, especially the poetic aspects.   

[Mrpumperitis]

China not only bans new local ICOs but orders liquidation of existing ones.
 http://finance.caixin.com/2017-09-04/101140069.html

That article is clear as fuck, Pumpy.  Thanks for that.  it gave me a opportunity to work on my chinese, especially the poetic aspects.   

sorry the post wasnt meant for noobs 

[JimboToronto]

I'll be back under $3000. Sell now, before it's too late. Mark my words.

Here's the mark that you get for your words.

You gave him far too high a grade.

Only a fool would sell now.

[rjclarke2000]

I'll be back under $3000. Sell now, before it's too late. Mark my words.

Here's the mark that you get for your words.

You gave him far too high a grade.

Only a fool would sell now.

I agree, you would have to be a complete idiot to sell now. I've never understood selling as it's dropping. It has always recovered over and over again. Ok, it hurts seeing it drop so much even for me, a long term hodler who was buying the main bulk at $200 but that's life and it'll be over 5k soon enough.

[jbreher]

satoshi's (who is dead by the way)

Evidence?

[JayJuanGee]

satoshi's (who is dead by the way)

Evidence?

For all practical purposes, he is dead.

Yeah, he has a white paper, and he has all kinds of ideas; however, since 2010 bitcoin has it's own governance and rule set and the resolution of many problems through core's decentralized system that allows anyone to contribute and to submit code for consideration.

You know that, too, but you are trying to be difficult, once again, with irrelevant technicalities about whether he really is not dead... who cares?.. right?  we got a system that is going, that be called bitcoin and segwit and various other developments in bitcoin, and ongoing attacks by bigblocker nutjobs who are working outside of bitcoin rules while claiming to be in touch with satoshi and in charge of the real bitcoin vision... .. those are attacks, they are not bitcoin, as you big blockers would like to assert.

[Phil_S]

Today is going to be a green day. 

Looks very similar to the end of May.

[Wolf Rainer]

I'll be back under $3000. Sell now, before it's too late. Mark my words.

$3000? So why not $1000? Lets say $50 so everyone can buy bitcoins. 

[JimboToronto]

Today is going to be a green day. 

Looks very similar to the end of May.

Except not as deep. Late May was a 33% dip. This was only 20%.

Recovery in May took 10 days from bottom to a new ATH. Let's see how long this takes.

[Asrael999]

Live in London and get paid in Bitcoin - now you can pay your rent with it.

https://www.theguardian.com/money/2017/sep/04/london-rental-tenants-deposits-bitcoin-collective-rent