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

[64dimensions]

Frankly, for cryptos in general, the most reassuring signal in general was being positioned opposite of PBOC and Dimon. The simultaneity of their FUD was interesting.

[bitcoinvest]

stay tuned for the next red candles ... it's coming on your screens shortly....

[JimboToronto]

Anyone else noticed the plethora of noob accounts with 5-lower-case-random-alphabetic-character user names spouting FUD?

They seem to love starting threads calling Bitcoin a Ponzi scheme or otherwise putting it down and calling for a final collapse to nothing.

It reminds me of the 6-character-random-alphanumeric noob troll accounts last year. So obvious, so hilarious.

Perhaps it's time to re-institute newbie jail.

[Torque]

Frankly, for cryptos in general, the most reassuring signal in general was being positioned opposite of PBOC and Dimon. The simultaneity of their FUD was interesting.

The whales needed a market top and subsequent crash. In absence of a true crash catalyst (0day exploit, exchange hack, Mt. Gox event, etc.), they needed to invent one. Coordinated FUD only served to provide the "cover story". They intended to dump and short anyway.

All they have left is FUD and social engineering to slow Bitcoin's progress. It won't work. People are starting to recognize and see right through the bullshit. They will buy on the way up as well as on the way down.

[free-bit.co.in]

So many new account posters here have no long term vision.

I expect at least 80% of you to vanish from here within 1-2 years, just like MatTheCat and the others from the past who pissed all your money away on FOMO buying, then fear/greed gambling, selling at the bottom, and the like.

Read my lips: you will NEVER be wealthy in the future, because you are doing it all wrong.

Yep! Some people expect to buy 10 bitcoin's & become rich within 6 months. It simply does not work like that. Too many people come into bitcoin with patheticly weak hands. HODLING for a number of years is the only way to become rich in this game.

Just buy and HODL that's my strategy.I bought some at $500, $1000 and even some BTC at $4050!I don't even regret buying at that high price of $4050 and that drop to $3100 was hard for me, but I didn't sell a piece of it.I know it will pay off and I will probably sell off half it next year to buy something nice for myself.  

[jojo69]

Now if only we could get our $1700 from Kraken that is lost in limbo.  They said that they sent it to our bank but we haven't received it and they are not communicating well about it.

Kraken sucks ass

[BlindMayorBitcorn]

I just sodl some. Profits are profits.

Gotta commemorate the bottom somehow! 

[Asrael999]

$500 gap between east and west - did the Chinese exchanges run out of fiat?

[JimboToronto]

I just sodl some. Profits are profits.

Just bought some before this morning's rise. Profits are profits and I prefer to take my profits in Bitcoin.

[itod]

My ATH guess is December 11th.

[BlindMayorBitcorn]

I just sodl some. Profits are profits.

Just bought some before this morning's rise. Profits are profits and I prefer to take my profits in Bitcoin.

You win.

[gembitz]

I just sodl some. Profits are profits.

Just bought some before this morning's rise. Profits are profits and I prefer to take my profits in Bitcoin.

$4OOO back up! china is noobs!!!   weeeee

[jojo69]

[YamashitaRen]

stay tuned for the next red candles ... it's coming on your screens shortly....

Now the question is : where will they land us ?

[empowering]

$500 gap between east and west - did the Chinese exchanges run out of fiat?

....also they are shutting off CNY deposits - so no fresh fiat

Bet the arbitrage traders don't  like that one little bit...

[BitcoinNewsMagazine]

Anyone else noticed the plethora of noob accounts with 5-lower-case-random-alphabetic-character user names spouting FUD?

They seem to love starting threads calling Bitcoin a Ponzi scheme or otherwise putting it down and calling for a final collapse to nothing.

It reminds me of the 6-character-random-alphanumeric noob troll accounts last year. So obvious, so hilarious.

Perhaps it's time to re-institute newbie jail.

SMF might have a plugin that allows higher ranked members to ignore all newbie posts I vote for that. I go through a ton of new posts a day from new users and very few are useful. I don't even want to see new user posts frankly.

[JimboToronto]

I might have to (shudder) use my credit card if I needed to buy something. Using credit cards always makes me feel like such a sucker. Cash rules.

I'll give you an example of when it's a good idea to use credit cards.
It was early 2015.  I was unemployed and down to about $20k in assets and about the same amount in debt of various kinds.  
Insolvent or getting there quickly.
I had a gut feeling that, rather than tap my assets for living expenses, I should preserve my capital.  So I started living off my credit cards.
My second gut feeling was that we were at a market bottom.
So put my $20k in bitcoin, and lived off my credit cards.
As bitcoin went up through 2016, I started incrementally liquidating my long position until the credit cards were paid off.  I'm still hodling.

I'm not totally against using credit cards.

You can't sell tickets on Stubhub and it's hard to rent hotel rooms or automobiles without one.

If I find myself short on cash for a day or two, I'll take a cash advance of a couple of grand to tide myself over and pay it off ASAP.

I just hate making retail purchases with credit cards and I really hate paying interest compounded daily.

[Starving_Marvin]

I just woke up. Has there been some good news or some agreement in China? Or what is happening? Just a natural rebound?

[btc_owner]

I just woke up. Has there been some good news or some agreement in China? Or what is happening? Just a natural rebound?

+800$ in 4hours is not natural

[NewWorldCoiner]

Been waiting for the bounce before making a guess for the ATH game, December 1st for me. Reason: trend line on the chart, simple as that.

For the record, I ain't sold shit.