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

[Aqualung89]

Now the blood bank is continuing to see how long this process is going to take a break from here, bitcoin.

[Ibian]

1) 3 BTC
2) Tulip fields
3) Emily Ratajkowski

Easy. #1 because with my 3 BTC I will soon be able to do #2 and #3 (and be left with more than 2 BTC)...

#2 you get to buy 2.5 BTC which is only half a BTC short of #1 in the first year alone, which is just about to end. Going to end up with more Bitcoins with #2, especially if you reinvest.

Well, 2017 is out, tulip money will come after you sell them. By that time you will barely be able to buy 1 BTC with that money. The following year it will be 0.1 BTC, the one after that 0.01 BTC, ad infinitum. With option #2 you'll end up with exactly 1.111... BTC, according to my calculations.

2017 is almost out, so we're getting 2.5 BTC in the first year and who knows what in the second year. Keep in mind that the tulip field is also real estate which is bound to have quite some value. Might even want to consider just selling it for more Bitcoin than #1 anytime before or after the first round of profits.

OK, either #1 or #2 is fine with me. But, for heaven's sake, NOT #3. I find the look of that woman (specifically, her face) ugly as hell!

More specifically, she looks bitchy.

[pera]

This shit is fuckin scary, be careful folks: https://reddit.com/r/bitfinex/

[pfrtlpfmpf]

should i buy now or wait?

How much risk are you willing to take? And how long can you keep hodling if the price tanks down to the $6k range or worse?

It all depends on these kind of things, the market can go both ways so you better have a good plan on where you are heading.

Buy now, buy later.  Just buy low.  What is low ?  Well is 10k low ?  Maybe it will be in a few months.  Is 8k low ?  Why not wait for 5k ?  then, at 5000, is that low ?  Price used to be 250, is that low ? because before that it was much lower, etc.  etc.  etc.  Buy, HODL, check again in 2 years.  Or else you are trading - then the real question is not whether you have bought low or high, but it is : will the price move higher or lower from here in the short term.  I think lower, then much higher.

You sir, answered all my questions, without even knowing them. Thank you. Really, no joke !

[Ibian]

This shit is fuckin scary, be careful folks: https://reddit.com/r/bitfinex/

Just stay the hell away from them. Seriously, after stealing a third of everything people had deposited with them, what more is it gonna take before people get a clue?

[Meuh6879]

Meanwhile, in India, BTC is trading at $12,378 on Unocoin (INR 799,120)

i remember when BTC was at 800 $ on US/Europe ... and 1200 $ in India.

[jojo69]

Haha, this is gold. Shitcoin traders whining about being margin called and liquidated, when clearly they have zero understanding what razor thin floats and overinflated price markets they are trading in.  

Whale shitcoin traders are holding tens of thousands of these penny stock shitcoins, and can dump and pretty much margin call you any time they see where your stops are set.

https://medium.com/crypto-punks/how-we-lost-90-of-crypto-investments-in-a-few-hours-64fdf1fd5ea1

jesus...call the fucking whaaaambulance

[Coinnosaurus]

Update from our friend, Masterluc: https://vk.com/bitcoin_vanga

Rough Translation: Do you want to ask if this is the end? The Spirits tell me that the end is far away. Test 10k. Pokolbasitsya (?) near this round mark IMHO.



It appears he thinks the short-term bottom is in...and $100K by next year confirmed.

Your friend didn't expected that bicash will rise 400% and sold earlier, I somehow doubt in his analysis

This shit is fuckin scary, be careful folks: https://reddit.com/r/bitfinex/

Just stay the hell away from them. Seriously, after stealing a third of everything people had deposited with them, what more is it gonna take before people get a clue?

Almost 36% to be more precise

[RejectedBanana]

What an awesome test of resistance at $9000.

We spent a total of only 8 days in the $8000-$9000 range, and only 5 days above $9000 and here it is bouncing off $9000 like a frucking trampoline. I fully expected a further test of $8000, maybe it's yet to come...

I'm not much of one for TA, but looks like we might be halfway through an inverse head and shoulders. Bullish!

I think $10,000 will be the new floor by the end of this month (maybe even week?) or end Jan at the latest.

\/\/\/
$9000

Boing boing boing...

[P_Shep]

Urgh, can't believe we're back where we were 4 days ago.

What. A. Drag.

[arklan]

What an awesome test of resistance at $9000.

We spent a total of only 8 days in the $8000-$9000 range, and only 5 days above $9000 and here it is bouncing off $9000 like a frucking trampoline. I fully expected a further test of $8000, maybe it's yet to come...

I'm not much of one for TA, but looks like we might be halfway through an inverse head and shoulders. Bullish!

I think $10,000 will be the new floor by the end of this month (maybe even week?) or end Jan at the latest.

\/\/\/
$9000

Boing boing boing...

You do realize today IS the end of the month, right?

[pera]

This shit is fuckin scary, be careful folks: https://reddit.com/r/bitfinex/

Just stay the hell away from them. Seriously, after stealing a third of everything people had deposited with them, what more is it gonna take before people get a clue?

It's difficult, because as a Bitfinex user one could think that all those comments are just FUD from shills to manipulate the market, since not everybody is affected right now. The exact same thing was happening with MtGox months before they closed all operations for real, but until then you couldn't be sure what was really going on.

I will say it again: we all should be requesting real audits from well known companies to every single exchange.

[AlcoHoDL]

I find the look of that woman (specifically, her face) ugly as hell!

Perhaps her eyes could be placed even further away from each other as a solution  

I think it's her lips. Too fleshy/fat. I wonder if they are natural of man-made. Looks freaky and abnormal to me. Another poster mentioned it too earlier. The rest of her body is OK though.

More specifically, she looks bitchy.

Precisely!

---

Back to the topic, I think it's a good thing that we had that correction. It felt good to me. It's like breathing in and out. Has to be done every once in a while or the thing dies. Also, the drop is not as deep as in a big bubble bursting. It's holding now around 8000 € ($9500), which is a spectacular performance. Considering it was under 1000 € at the start of the year, we're talking about an 8x rise!

I guess we've all become used to choo-choos, rockets and moons, and we don't like it when the beast breathes out, but the fact is that BTC has had a stellar performance this year, much better than 2016.

So HoDL back and enjoy the ride...

[Meuh6879]

This shit is fuckin scary, be careful folks: https://reddit.com/r/bitfinex/

Just stay the hell away from them. Seriously, after stealing a third of everything people had deposited with them, what more is it gonna take before people get a clue?

they never learn ... because exchanges have 6000 new accounts per day now.

https://www.youtube.com/watch?v=CN4RdrN80ic

[RejectedBanana]

What an awesome test of resistance at $9000.

We spent a total of only 8 days in the $8000-$9000 range, and only 5 days above $9000 and here it is bouncing off $9000 like a frucking trampoline. I fully expected a further test of $8000, maybe it's yet to come...

I'm not much of one for TA, but looks like we might be halfway through an inverse head and shoulders. Bullish!

I think $10,000 will be the new floor by the end of this month (maybe even week?) or end Jan at the latest.

\/\/\/
$9000

Boing boing boing...

You do realize today IS the end of the month, right?

Shit, it's not even December yet? 

[Ibian]

This shit is fuckin scary, be careful folks: https://reddit.com/r/bitfinex/

Just stay the hell away from them. Seriously, after stealing a third of everything people had deposited with them, what more is it gonna take before people get a clue?

It's difficult, because as a Bitfinex user one could think that all those comments are just FUD from shills to manipulate the market, since not everybody is affected right now. The exact same thing was happening with MtGox months before they closed all operations for real, but until then you couldn't be sure what was really going on.

I will say it again: we all should be requesting real audits from well known companies to every single exchange.

If you are not sure if your exchange is fucking things up, it's fucking things up. Get. Out.

Didn't feel sorry for goxers, and don't feel sorry for finexers now, but still can't help commenting on something so obvious. They are scammers. Get your money out.

[Torque]

This shit is fuckin scary, be careful folks: https://reddit.com/r/bitfinex/

Just stay the hell away from them. Seriously, after stealing a third of everything people had deposited with them, what more is it gonna take before people get a clue?

It's difficult, because as a Bitfinex user one could think that all those comments are just FUD from shills to manipulate the market, since not everybody is affected right now. The exact same thing was happening with MtGox months before they closed all operations for real, but until then you couldn't be sure what was really going on.

I will say it again: we all should be requesting real audits from well known companies to every single exchange.

If you are not sure if your exchange is fucking things up, it's fucking things up. Get. Out.

Didn't feel sorry for goxers, and don't feel sorry for finexers now, but still can't help commenting on something so obvious. They are scammers. Get your money out.

Yep, "Where there's smoke, there's fire."

I'm starting to wonder if the majority of day traders are sociopaths.

[pera]

This shit is fuckin scary, be careful folks: https://reddit.com/r/bitfinex/

Just stay the hell away from them. Seriously, after stealing a third of everything people had deposited with them, what more is it gonna take before people get a clue?

It's difficult, because as a Bitfinex user one could think that all those comments are just FUD from shills to manipulate the market, since not everybody is affected right now. The exact same thing was happening with MtGox months before they closed all operations for real, but until then you couldn't be sure what was really going on.

I will say it again: we all should be requesting real audits from well known companies to every single exchange.

If you are not sure if your exchange is fucking things up, it's fucking things up. Get. Out.

Didn't feel sorry for goxers, and don't feel sorry for finexers now, but still can't help commenting on something so obvious. They are scammers. Get your money out.

What exchange are you using now, if I may ask? because I am sure you can find bad comments about pretty much all of them, and one could claim that those comments are clear indicators of wrongdoings... AFAIK no exchange is 100% transparent at the moment.

[vroom]

What an awesome test of resistance at $9000.

We spent a total of only 8 days in the $8000-$9000 range, and only 5 days above $9000 and here it is bouncing off $9000 like a frucking trampoline. I fully expected a further test of $8000, maybe it's yet to come...

I'm not much of one for TA, but looks like we might be halfway through an inverse head and shoulders. Bullish!

I think $10,000 will be the new floor by the end of this month (maybe even week?) or end Jan at the latest.

\/\/\/
$9000

Boing boing boing...

You do realize today IS the end of the month, right?

Shit, it's not even December yet?  

A true hodler. Does not care about details like current date

[jojo69]

good to see some consolidation at these levels

it was starting to feel a little frothy

I just have to laugh at the ZH headlines, "bloodbath"  lol, fucking place is getting as bad as buzzfeed