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

[Ibian]

I think, theres no TA applicable here, it`s all emotions, for the moment .

I say, that looks like quite the bubble! No way it can keep going up!

[fragout]

I think, theres no TA applicable here, it`s all emotions, for the moment .

I say, that looks like quite the bubble! No way it can keep going up!

Must have been hard to hodl during that crash from 40c to 20c. One would need strong hands to hold out under that pressure

[Spaceman_Spiff_Original]

https://twitter.com/SatoshiLite/status/921701035491573761

Charlie Lee [NO2X]‏
@SatoshiLite

My trade with Roger Ver is all set. Here are the terms we agreed to. Let the chips fall where they may! 🚀

i'm going to laugh when 2mb blocks start printing :-D weeeee

WTF how can i swap 1:1 BTC:SEG2x with Ver?? I guess he's already abandoning BCrASH?

He doesn't want any additional trades, unfortunately.

[pitham1]

I think, theres no TA applicable here, it`s all emotions, for the moment .

I say, that looks like quite the bubble! No way it can keep going up!

Must have been hard to hodl during that crash from 40c to 20c. One would need strong hands to hold out under that pressure

It just took a couple of months to recover. The crash from $1200 to $200 would rank as the toughest, It took years for the price to recover.
In percentage terms, I think the fall from $32 to $2 would be the largest.

[Ibian]

I think, theres no TA applicable here, it`s all emotions, for the moment .

I say, that looks like quite the bubble! No way it can keep going up!

Must have been hard to hodl during that crash from 40c to 20c. One would need strong hands to hold out under that pressure

It just took a couple of months to recover. The crash from $1200 to $200 would rank as the toughest, It took years for the price to recover.
In percentage terms, I think the fall from $32 to $2 would be the largest.

I actually kept buying all the way from 1100 and all the way to the bottom. And then I KEPT buying on the way up until I was eventually back above water. Ended up with 3 times the coins I initially set out for.

[Imbatman]

Ibian I did just about the same thing.  I still kick myself for not buying more at the lowest price I'm in for which is $190, but I'm so glad I didn't get discouraged about the first coin I bought which was a shade under $975

[Torque]

I actually kept buying all the way from 1100 and all the way to the bottom. And then I KEPT buying on the way up until I was eventually back above water. Ended up with 3 times the coins I initially set out for.

Same. I kept buying on the way down, and some on the way back up. Until my average cost basis was ~$500/btc, and I ended up with 2.75X more than I started with. I'm still buying when I have extra money and will continue to do so.

Five years from now, people are going to be astonished that we were even talking about bitcoin at that price level like it was some sort of stress, or even today's price level.

That's why people should just buy some and hold for years, and don't worry about the current price. In the grand scheme of one's life and the miniscule level of adoption we are at right now, it's a silly thing to even worry about.

[yefi]

It just took a couple of months to recover. The crash from $1200 to $200 would rank as the toughest, It took years for the price to recover.
In percentage terms, I think the fall from $32 to $2 would be the largest.

I contend the fall to $2 was the toughest. The holders then were truly staring into the abyss, as price had never collapsed by so much before. The shrill cry of "it's just a bubble" would've rung truer in their ears. The drop to $200 felt like a cakewalk in comparison - Bitcoin had proven its resilience.

[JimboToronto]

Ok, i´m panichodling 

I've been panic buying every deep dip and panic hodling in between since early 2013. It's become an obsession.

It's started to interfere with things in my life like mindless consumerism, squandering, poverty, etc. I feel I'm not doing my part to help transnational corporations and name-brand advertisers.

All that money I could have spent on trinkets and status symbols dumped into that bottomless pit called a Bitcoin stash.

What do I have to show for it? A few dozen QR codes and a tiny little USB dongle? Oh the shame. 

[gembitz]

Ok, i´m panichodling 

I've been panic buying every deep dip and panic hodling in between since early 2013. It's become an obsession.

It's started to interfere with things in my life like mindless consumerism, squandering, poverty, etc. I feel I'm not doing my part to help transnational corporations and name-brand advertisers.

All that money I could have spent on trinkets and status symbols dumped into that bottomless pit called a Bitcoin stash.

What do I have to show for it? A few dozen QR codes and a tiny little USB dongle? Oh the shame. 

wake me up when we hit $10,000 zzz    lel

[BlindMayorBitcorn]

sorry to stalk you like a lovesick puppy

Not at all. I've enjoyed our time together.

but you are right, doom's coming.

Not too much doom I hope. I'm about to sign a lease on a swank pad.

[Last of the V8s]

ah doom's an impermanent thing. all in the end is bliss
good luck with the new digs

[starmman]

One thing to note, we could be entering bubble territory if the price begins to deviate sharply from what mining ROI hashrate supports. By my back-of-the-napkin calculations, that level is right around $4k/btc. And note that the hashrate increases have somewhat slowed as of late. I'm hoping that is only temporary.

Now some of this money coming in could really be institutional hedge fund money, who are taking large long positions. Hopefully they have better long term vision than the millions of kiddies with their $200 overnight bets burning a hole in their pocket.  

Haha, I think we will see what happens on the 25th i if thats still the day the fork hits IMO looks like a bit of a bubble - will be happy if 'm wrong though - I'm hedging both ways LOL

[Remember remember the 5th of November]

One thing to note, we could be entering bubble territory if the price begins to deviate sharply from what mining ROI hashrate supports. By my back-of-the-napkin calculations, that level is right around $4k/btc. And note that the hashrate increases have somewhat slowed as of late. I'm hoping that is only temporary.

Now some of this money coming in could really be institutional hedge fund money, who are taking large long positions. Hopefully they have better long term vision than the millions of kiddies with their $200 overnight bets burning a hole in their pocket. 

Haha, I think we will see what happens on the 25th i if thats still the day the fork hits IMO looks like a bit of a bubble - will be happy if 'm wrong though - I'm hedging both ways LOL

How though?

If you short AND go long, sounds like in the end you will end up with 1-2% of loss.

[JayJuanGee]

is this the s-curve take off?

a) 6800$ (bearish)!

b) 7400$ (conservative)!

c) 8100$ (bullish)!

pick one!

I consider only C to be correct.  The other two assertions are not correct.

We have the next likely resistance points in the $6800 to $7800 range, so if we go to $8100 that woudl be bullish and would have likely broken through the likely resistance range.

Conservative would be prices going in the lower end of the range or not quite making the range.

It is difficult to imagine exactly what is bearish - since we are already into amazing price territories - but I would think that bearish would be to experience another correction here that goes beyond 60%. 

Since we have quite a bit of ongoing upwards price pressures and recently having had broken through $6k, it seems to me to be quite against the odds to even have a 10% price correction - without some major FUDding.  Also, even though I believe that BTG is not driving this run, except perhaps on the margins, any 10% or more correction would be more likely to occur after the Oct. 25 forkening, no?

[JayJuanGee]

im not seeing many people calling top on this yet, so i think I will:  $6225

I think weve gotr one more push of ~$100 to hit a new ATH, then we see some corrective action down <$5700 and consolidation in the $5800-6000 range while waiting for either a reason to rally (good news/continued buying) or crash (FUD. china banned us again?)

you are overly bearish, buddy.     and also a bit pie in the sky.   

We don't just break through $6k and then correct down to some stupid ass lala land price that is just barely that previous resistance point.  Makes little sense when accounting for real world factors and/or logic.   

[gembitz]

One thing to note, we could be entering bubble territory if the price begins to deviate sharply from what mining ROI hashrate supports. By my back-of-the-napkin calculations, that level is right around $4k/btc. And note that the hashrate increases have somewhat slowed as of late. I'm hoping that is only temporary.

Now some of this money coming in could really be institutional hedge fund money, who are taking large long positions. Hopefully they have better long term vision than the millions of kiddies with their $200 overnight bets burning a hole in their pocket.  

Haha, I think we will see what happens on the 25th i if thats still the day the fork hits IMO looks like a bit of a bubble - will be happy if 'm wrong though - I'm hedging both ways LOL

$10,000x$25,000 possible this year >.> tin hutzzz

[BlindMayorBitcorn]

ah doom's an impermanent thing. all in the end is bliss
good luck with the new digs

Wait for the photoshop, I'll invite you all to Bitcoin Castle North.

[bones261]

what's going on, who of you cashed out sold at the bottom?

ftfy  

I didn't mind selling a little bit at 61xx USD and buying it back at 59xx USD. Can we have this happen multiple times over the next few days?

[Torque]

ah doom's an impermanent thing. all in the end is bliss
good luck with the new digs

Wait for the photoshop, I'll invite you all to Bitcoin Castle North.

Risto's castle? lol

Speaking of which, how's that guy doing lately? Haven't heard much since he headed off into Moneroland.