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

[Arriemoller]

https://www.youtube.com/watch?v=8qrriKcwvlY

[LFC_Bitcoin]

I'm expecting a healthy correction to $6500-6600 or so after we top this rally

I could live with that

Yeah man, as long as it doesn’t fall below 6k I’m happy for now. We’re still HODLING for a number of years so best the price doesn’t have unsustainable pumps followed by inevitable dumps.

[toknormal]

Yeah..  rrrrrrrrrrrrrriiiiiiiiiiiiiiiiiiiiggggggghhhhhhhhhhhhhhhttttttttt, you were calling $1500 during our correction to $2970 - so how likely is that $1500 doing now?

Even more likely than when I called it the last time.

The rule of markets...sorry, but it's coming

[P_Shep]

I miss the animations on bitcoinity when passing milestones.

[Arriemoller]

Right now I fell like I did in December 2013.

[fragout]

Panic buys on stamp.

200 BTC wall @ 7k chomped in a single gulp.

The correction's gonna be ugly.

Very close to $100,000,000 buy orders on stamp now with only 2700btc available on the sell side.

[JayJuanGee]

Yes I am also worried about the correction. Down to 5500? 6? 

Yeah.. worry your little arnold head off, RJC.       

[AlexGR]

Yes I am also worried about the correction. Down to 5500? 6? 

Because people unhappy selling at 7100 will be happy selling at 5500-6000?

Correction sellers always boggle my mind

[bitserve]

$10000 feels like so close now it is scary.

[JayJuanGee]

Yeah..  rrrrrrrrrrrrrriiiiiiiiiiiiiiiiiiiiggggggghhhhhhhhhhhhhhhttttttttt, you were calling $1500 during our correction to $2970 - so how likely is that $1500 doing now?

Even more likely than when I called it the last time.

The rule of markets...sorry, but it's coming

I agree with you that BIG corrections become much more likely after BIG price rises, but we are not even nearly as UNSTABLE as we were in late 2013 or even early 2014, because the slope of those price rises were quite greater.

So, let's say if prices go up to $12k and then we have a major correction.. maybe extremes of 70% or 80%.. that would bring us down to $2400, but it does not bring us down to $1500....


anyhow, you $1500 just sounds like scare tactics.. and I am not sure about your purpose to be such a fuddie duddie party pooper during this celebration time for HODLers...   

YOU ARE NO FUN>>>>>>>>   TOkie pokie.. partie poop!!!.

[micalith]

top incoming!

[toknormal]

Overheat fan incoming.

[pfrtlpfmpf]

JJG, thank you for thinking over your signature and not beating us to death !

[ivomm]

Kraken server:

[orpington]

6666 will probably be back methinks

[aesma]

How old are you aesma? If I can ask...

I seem to remember you had around 20 BTC which, even if it is a good cushion, it is nowhere enough to think about retiring or living out of it. I mean, just not yet. Maybe I remember wrong.

OTOH, it is a good enough cushion to risk changing jobs and trying to "upgrade" while you can see how your stash evolves in the future. Just don't quit before you have the better job on hand.

I'm in my 30s.

I don't plan to retire as in "sit on a beach doing nothing" but rather "spend no time at a regular job and enough time on crypto to earn enough to live off". Preferably from a beach house.

I've earned several BTC trading some of my stash this year, those earned BTC are already worth more than what I earn at my regular job.

[micalith]

lol  someone just put a 100BTC buy wall on Coinfloor. That's a big wall for that exchange. what a weirdo

[AlcoHoDL]

Kraken server:

LOL, that's so funny...
And so true...

[micalith]

this price action is too much. Anyone else there cackling to yerselves like a total loon?

[pfrtlpfmpf]

JJG, thank you for thinking over your signature and not beating us to death ! Thanks.