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

[Last of the V8s]

nfi

[ParabellumLite]

So When are we breaking ATH

Are you for real?

Are you really asking people to tell you this? First of all: do not trust strangers on the internet with respect to such answers. Second of all: no one knows for sure in the firs tplace.
Do you happen to be unsure about your investment? Because if you consider it to be eating on your person, you might better take your losses and sell at this point. This correction will be different than others if China knocks down Bitcoin exchanges, and Bitcoin will likely be in decline for months on end in that case. At the moment we are still at the relative top of such a decline if it is going to pass.

Make your own decisions though.

[Elwar]

For anyone new that is in Bitcoin to get a lot of dollars take this sound advice:

When people are panicking...sell!

I hear there is big money in bonds or a reverse mortgage (easy money!)

[Meuh6879]

Not bad for a ... new future start.

[El duderino_]

So When are we breaking ATH

Are you for real?

Are you really asking people to tell you this? First of all: do not trust strangers on the internet with respect to such answers. Second of all: no one knows for sure in the firs tplace.
Do you happen to be unsure about your investment? Because if you consider it to be eating on your person, you might better take your losses and sell at this point. This correction will be different than others if China knocks down Bitcoin exchanges, and Bitcoin will likely be in decline for months on end in that case. At the moment we are still at the relative top of such a decline if it is going to pass.

Make your own decisions though.

Man its more like a Joke ..... i now exactly where my investments are and i know for damn sure I'm not selling of my coins
But on the other hand i like to Hear all the wild guesses around here

[ParabellumLite]

More downward pressure.

[Starving_Marvin]

The price is going down way too slow for me to be really worried about it...

[toknormal]

...I still am not going to give a whole hell-of-a lot of weight to how much emphasis you seem to be giving to lines on a chart.

Remember that "lines on a chart" are formed by traders, the most influential of which read charts. So it's a feedback loop which is why they have such an effect.

People who buy on fundamentals to long term invest are not usually daytrading so they only have a momentary effect on the market. Otherwise, the price is driven by the small amount of coin supply that sits on exchanges and gets traded (according to chart interpretations).

That's why they can be a mathematical "inevitability". If there's a significant crossover then traders sell - because they know that every other seasoned daytrader is reading that same signal and acting upon it. Doesn't matter about fundamentals because they get priced in long term.

[El duderino_]

Back @3800 range..... So question lot of you in here selling coins or Just all hodlers??

[mike4001]

I am not really worried but actually annoyed ...

The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.

Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.

[sirazimuth]

For anyone new that is in Bitcoin to get a lot of dollars take this sound advice:

When people are panicking...sell!

I hear there is big money in bonds or a reverse mortgage (easy money!)

ah yes .. sound advice indeed! ...

you're not selling bridges per chance are you? 

[phr33]

I am not really worried but actually annoyed ...

The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.

Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.

Just zoom out on the chart. We'll get that 5k, and in time those 5k will look just silly low!

[ParabellumLite]

I am not really worried but actually annoyed ...

The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.

Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.

What do you assume, that the price of asset X can just rise indefinitely?
At some point the top will be found, after which Bitcoin will go down again. You can claim that whales are responsible for it, but it won't help you if they and others are selling due to changing market sentiment. Though this drop is so it seems different than the previous ones, which were simply short term consolidation moves if not downright manipulation.

[Denker]

If people are panic selling because of what some guy at JP Morgan said....GOOD.

I hope they go long on the dollar and buy war bonds. Maybe run up some credit card debt and pay overdraft fees to their banks. Enjoy your inflationary (on purpose!) currency.

Dimon is not the issue here. It's all about china again!
Dimon is a dinosaur no one in the crypto space gives a damn about. His daughter seems much smarter by the way, as she is invested in BTC.
Charlie Lee crashed the market yesterday with his tweet and since the bears are shorting.

[ghandi]

So let's find out how strong $3800 is...

[empowering]

Yup - $3600-$3800  - lets see what ya got 

[sirazimuth]

the next 24 hours are critical!

(figured it was time for that one, haven't seen it in awhile...)

[El duderino_]

I am not really worried but actually annoyed ...

The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.

Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.

What do you assume, that the price of asset X can just rise indefinitely?
At some point the top will be found, after which Bitcoin will go down again. You can claim that whales are responsible for it, but it won't help you if they and others are selling due to changing market sentiment. Though this drop is so it seems different than the previous ones, which were simply short term consolidation moves if not downright manipulation.

so let us just buy some whale coins and abide in this ride

[El duderino_]

the next 24 hours are critical!

(figured it was time for that one, haven't seen it in awhile...)

indeed

[hd060053]

Guys, you cant compare this price drop to the crash in 2014 when the price was artificially pumped and mtgox went down.

If you sell now, based on JPMorgan CEO FUD or china-ban (which happend ~20x already), I am just sorry for you, you didn't understand anything about the fundamentals of bitcoin, which have not changed.