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

[Globb0]

 Even some of my friends who continued for years to say bitcoin was a joke cant take the pain anymore and are jumping in. Look at the numbers on coinbase.

Is that a bit worrying? once all the noobs give up and enter then the trap could be sprung.

Buy the rumour sell the news!

[HairyMaclairy]

Looks like I need to go back to work. Anyone hiring?

 

Do you have any marketable skills ?

I did last week but I think I've been out of the work force too long.

Due to the crash I’m starting a soup kitchen for bitcoin hodlers.  Need people willing to work for food. 

That will be problematic when our fellow bigblockers insist that we all need to eat the soup with their forks.

My wife is looking a bit concerned as I am choking with laughter.  Anyone know how to do the Heimlich?

[JayJuanGee]

Bullish or too bullish aside, the trend upwards has shown increasing acceleration the last years. So a monstrous blow off top would not be extraordinary. The difficulty is in the price range. Looking at historical extremes (like in the BETI indicator thread), the top mania point could be placed (in comparison) at $41k currently.

So no, I wouldn’t get out too soon. Learned that from 2013.

All of us better have learned by now, that even if we are acting in extremes, we better not be selling more than 80% of our bitcoin stash at any point, and surely, I consider even selling 50% to be quite extreme because I deal with much smaller increments, and fuck I have been selling since $250, and currently I am at about 89% bitcoin and 11% fiat.. and fuck the fiat amount is seeming like a whole hell-of-a lot of money, so surely I would not mind using some of that fiat to buy some more bitcoin.. but yeah, there could be a bit of a problem if we were to shoot straight up to $41k within a few months, and I suppose I might be tempted to sell a bit more bitcoin, even though i have plenty of fiat, too... so yeah, it is a kind of dilemma that hopefully resolves itself and we can feel like we did the right thing for our own set of circumstances that is not too rash.

[Rosewater Foundation]

I've learned nothing.
Good morning America! When moon?

[JayJuanGee]

Looks like I need to go back to work. Anyone hiring?

 

Do you have any marketable skills ?

I did last week but I think I've been out of the work force too long.

Due to the crash I’m starting a soup kitchen for bitcoin hodlers.  Need people willing to work for food. 

That will be problematic when our fellow bigblockers insist that we all need to eat the soup with their forks.

My wife is looking a bit concerned as I am choking with laughter.  Anyone know how to do the Heimlich?

No wonder you have some of these conservative toppie bouts, you got a wifey bossing you around.      

[Wekkel]

For reference purposes, see the link to the BETI indicator thread with the latest update: https://bitcointalk.org/index.php?topic=470453.580;topicseen

[HairyMaclairy]

She won’t even let me go Sea Steading with Roger, Jihan and the Falkvinge guy.

[JayJuanGee]

I've learned nothing.
Good morning America! When moon?

O.k...

Stick to your guns, whatever. 


I am kind of coming to the belief that even if bitcoin were to shoot to $41k or some similar number within six months or less, then I am not even going to feel bad if I were to keep my ratio of bitcoins to fiat at 89%.  I am thinking that I am still going to be rich in fiat, and I don't even have to sell a whole bunch of bitcoin.

Part of the problem remains the prudence of such a matter, because surely if it becomes clear (or inevitable) that we know unambiguously that we are going to have a 25% or more correction, then it seems like a decent plan to sell a bit of BTC and to buy back at the lower price.. so yeah, am I going to "know it when I see it?"  (that is the actual bubble, rather than the propagandized one).  That is perhaps why we just gotta see how this actually plays out rather than trying to be too specific in our plan - and maybe that is why a large part of my plan remains robotic, so I don't really have to think about it too much?  and I can just wax on poetically about a plan that I am not going to change, anyhow?       

[Karartma1]

How am I supposed to work today?
 

[600watt]

Bullish or too bullish aside, the trend upwards has shown increasing acceleration the last years. So a monstrous blow off top would not be extraordinary. The difficulty is in the price range. Looking at historical extremes (like in the BETI indicator thread), the top mania point could be placed (in comparison) at $41k currently.

So no, I wouldn’t get out too soon. Learned that from 2013.

and I will not watch it go down to $2000 (which is the equivalent of the $200 bottom of the last multiyear bear market). learned that from 2013-2015.

on the other hand I believe BETI is a good indicator. and masterluc a good chart wizard.

who knows....

what we do know, though, is, that there is plenty of time. the 2103 run-up to >$1200 imploded in slow motion. there was a bounce to $1000 in january 2014.

I guess I will not do anything and wait for the bounce. must be the mother of all bounces.



 

[600watt]

How am I supposed to work today?
 

keep this in mind and you are good:
https://bitcointalk.org/index.php?topic=178336.msg25293991#msg25293991

 

[JayJuanGee]

Bullish or too bullish aside, the trend upwards has shown increasing acceleration the last years. So a monstrous blow off top would not be extraordinary. The difficulty is in the price range. Looking at historical extremes (like in the BETI indicator thread), the top mania point could be placed (in comparison) at $41k currently.

So no, I wouldn’t get out too soon. Learned that from 2013.

and I will not watch it go down to $2000 (which is the equivalent of the $200 bottom of the last multiyear bear market). learned that from 2013-2015.

on the other hand I believe BETI is a good indicator. and masterluc a good chart wizard.

who knows....

what we do know, though, is, that there is plenty of time. the 2103 run-up to >$1200 imploded in slow motion. there was a bounce to $1000 in january 2014.

I guess I will not do anything and wait for the bounce. must be the mother of all bounces.

How much you going to sell in order to "feel comfortable?"  100% or some more modest proportion?  And what if you get it wrong?

[lightfoot]

How am I supposed to work today?
 

keep this in mind and you are good:
https://bitcointalk.org/index.php?topic=178336.msg25293991#msg25293991

 

I guarantee you, you do not want to take your boss' seat. There was an exceptional Flintstones episode about this with Gazoo and Fred becoming Mr. Slate. Excellent analysis.

But at the same time don't walk, it can be fun to have some pocket change to spend.

[vroom]

How am I supposed to work today?
 

it's hard work to look busy and watch charts

[lightfoot]

Meantime 9600 this morning. Was there a nightmarish crash last night?

[TokensFund.io]

Meantime 9600 this morning. Was there a nightmarish crash last night?

Nope,

None can stop the Rocket !

[bitserve]

Meantime 9600 this morning. Was there a nightmarish crash last night?

Yup. The horror. We thought we were all going to die... but everything is fine now and we are rich again.

P.S.: KRAKEN ATH!

[lightfoot]

Meantime 9600 this morning. Was there a nightmarish crash last night?

Nope,

None can stop the Rocket !

It actually went up quite a bit last night... Today it retracted a little

Oh ok a 100 drop. That must have crushed people's portfolios.

Should I sell $20 worth so it will go over 10k?

[bitserve]

Meantime 9600 this morning. Was there a nightmarish crash last night?

Nope,

None can stop the Rocket !

It actually went up quite a bit last night... Today it retracted a little

Oh ok a 100 drop. That must have crushed people's portfolios.

Should I sell $20 worth so it will go over 10k?

No, it was almost $500 from peak to bottom. But, joking aside, nothing to worry about.

[BitcoinBunny]