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

[gentlemand]

It's altcoin trading that fucks you. Holding ETH from 50 cents in 2015 looks like an unobjectionable move to me.

[savetherainforest]

How I feel observing this thread for the last couple of months:

HA!

HA HA !  I am clearly the best looking.

RobSteward... You where more courageous than I was!... I stood on the side lanes for at least 1 year before joining the forum. I just kept reading for a year what nonsense JJG was saying and decided I need to step in and put him in his place of mediocre amateur writing!!! The horror!!! ... He really is a terribly bad writer, doesn't appeal too much to the public...
I just had enough of JJG... that was my trigger of joining the forum.

But good luck to you in making it big and becoming a big shot and big talker here in this place!

[JimboToronto]

Good morning Bitcoinland.

I see we had another massive correction all the way down to where we were on Saturday... currently $17868USD/$23010CAD (Bitcoinaverage).

Meanwhile altcoins are up so our old coins are worth $20515USD/$26413CAD each (Coinmarketcap).

Calm before the storm?

Most of the traders are too emotional to make a real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this:
1. Buy Bitcoin.
2. Bitcoin doesn't rise.
3. Some altcoin rises 50-100-300---% in 2-3 days.
4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss.
5. Now let's buy altcoins 1,2, 3,...
6. Yupee, they rise 10%! I'm rich!
7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken!
8. Finally, exchange is working. I'll wait to get back where I bought it.
9. Oh, no! Alts lose another 50-80%!!!
10. Ok, let's sell now!
11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it!
12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum.
13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it!
14. Let's buy now.
14. Oh, no! Bitcoin is down 10% again. Go to step 3. Rinse and repeat.

Balance at the end of the year:0

Post of the year. I couldn't have said it better.

Cheers.

[TERA2]

Are alts going with or against btc now?

[savetherainforest]

Jimbo on a rampage with forum bug.

[bitserve]

Are alts going with or against btc now?

Alts are doing exactly what they did early this year (may?). They rise crazily and when they finish most of the profits come back to BTC and they stall for a few months while BTC rise. I don't see any reason for that behaviour not to repeat this time.

The question is... have they finished with the crazy rise or is there anything left to go? Donno.

BCH, on the other hand, keeps doing its thing as a BTC contrarian.

[TERA2]

Are alts going with or against btc now?

[bitcoinPsycho]

Dear Mr  bitcoinpsycho
 
Thank you for your enquiry and interest in McDonald's.
 
Whilst we have no plans at present to accept bitcoins as a form of payment within our restaurants, I referred this to the relevant internal department for their information.
 
If we can be of further assistance please do not hesitate to revisit our web site or alternatively telephone us on the number below.
 
Regards
 
 
 
Rhonda Floyd
Customer Services Team
 
McDonald's Customer Services Department
11 - 59 High Road
East Finchley
London
N2 8AW
 
Tel: 03705 244622


FUCK MCDONALD'S

[mattimann]

Good Morning Jimbo

[bitserve]

Are alts going with or against btc now?

Alts are doing exactly what they did early this year (may?). They rise crazily and when they finish most of the profits come back to BTC and they stall for a few months while BTC rise. I don't see any reason for that behaviour not to repeat this time.

The question is... have they finished with the crazy rise or is there anything left to go? Donno.

BCH, on the other hand, keeps doing its thing as a BTC contrarian.

[JimboToronto]

Jimbo on a rampage with forum bug.

Annoying as phuque.

Kept going to cloudflare, kept retrying, kept getting that annoying "another reply has been posted you may wish to review" message, finally find out I'd posted the same message a half dozen times.

I then wasted almost as much time deleting the extraneous messages.

Perhaps Theymos should consider disabling that annoying message during DDoS attacks or other periods of stress on the servers.

[mattimann]

Good Morning Jimbo

[posi]

Most of the traders are too emotional to make a real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this:
1. Buy Bitcoin.
2. Bitcoin doesn't rise.
3. Some altcoin rises 50-100-300---% in 2-3 days.
4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss.
5. Now let's buy altcoins 1,2, 3,...
6. Yupee, they rise 10%! I'm rich!
7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken!
8. Finally, exchange is working. I'll wait to get back where I bought it.
9. Oh, no! Alts lose another 50-80%!!!
10. Ok, let's sell now!
11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it!
12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum.
13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it!
14. Let's buy now.
14. Oh, no! Bitcoin is down 10% again. Go to step 3. Rinse and repeat.

Balance at the end of the year:0

thats so true . hold has worked for me so far

Holding of bitcoin is the best but the reason behind the current dip in price is cause by the act of bitcoin trader been too emotional . The reason behind it was the S.Korean exchange been hacked twice while the N.Korea were accused by the US government of been behind the Ransonware that occur this year. 

[Raja_MBZ]

Are alts going with or against btc now?

Alts are doing exactly what they did early this year (may?). They rise crazily and when they finish most of the profits come back to BTC and they stall for a few months while BTC rise. I don't see any reason for that behaviour not to repeat this time.

The question is... have they finished with the crazy rise or is there anything left to go? Donno.

BCH, on the other hand, keeps doing its thing as a BTC contrarian.

Yes, alts behave like that right after bitcoin calms down a bit. However, I think it should get over any time now. Bitcoin is due for $20k, any price less than that is no more suitable for it. There's probably gonna be a bloody pump soon for bitcoin with which it'll cross $20k and alts will definitely bleed.

[RejectedBanana]

Most of the traders are too emotional to make real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this:
1. Buy Bitcoin.
[...]
14. Oh, no bitcoin is down 10% again. Go to step 2. Rinse and repeat.

Balance at the end of the year:0

So much. So many people approaching me asking about altcoins ("it's rising so fast and much better because x,y,z bla") just to come back to me a week later telling me that they bought back into BTC.

I've got a different dilemma. I started out all BTC. Then I added 10% LTC which promptly fell to less than 1% during the 2014-2016 drought. So pitiful I couldn't even be bothered to sell. Then holy shit the chikun arose and now miraculously makes up 20% of my stash!

Meanwhile, during the clone wars, airdrops and forks started appearing left and right... Lumens, Byteball, Bitcore, BeeeeeCash, BitGold, popping up like arcade games bonuses, pew pew! I ditched all the shitforks, but the shitalts I diversified just for giggles, representing less than 1% of my stash.

But now these shitalts are worth like 5% of my stash and growing. Together with LTC, we're talking 25% of my stash!

Every time I think, ok NOW is the time to convert to BTC, the pile of shit keeps just keeps growing! I've got total decision paralysis over this. Sell the shit, keep the shit, sell the shit, keep the shit?!? Meanwhile, the pile of shit has become sentient and starting to talk back to me and has even possessed Brian Kelly, who's screaming buy the shit, buy the shit!!! Holy mother, who's next, Jim Cramer? Booyah!

[cAPSLOCK]

Meanwhile, the coin that shall not be named is up 20% on the day.

Kampai!

And still you bring no ice cream, no flower.

Coffee ice cream I believe...  so delicious.

[Torque]

[goggles]

https://www.yahoo.com/finance/video/jim-cramer-havent-made-anything-143300562.html

"Selling bitcoin is unpatriotic." HODL

[jbreher]

^^^^^
Nailed it. Shitcoins are a profit-taking machine. 

'Many will enter; few will win'

BTC.org gerbil-wheel meter indicates market major bullishness. Site is laggy to point of timeouts.

[Fakhoury]

Just came to say Hi and to share something euphoric about the future