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

[JayJuanGee]

It’s correction time and the FUDsters have their glorious moment again. The realist sees Bitcoin well over $10k, better infrastructure than ever and still a negative stand by most ‘experts’. That means the umpteenth obituary of Bitcoin and new ATHs in 2018.

Honey Badger does not care.

I think this picture sums it all up of all the crybabies sobbing about the price going down now

I’m just annoyed I might have to hodl my day tard account for a couple of days.

What you doing? 

You trying to predict or time the market?


Just buy as it goes down and sell as it goes up.

Did run out of money?

You don't want to buy too much too soon or sell too much too soon, so you have to always have enough in reserve for worst case scenarios, no matter how bearish or bullish that they may seem.

Right now, we are in fairly "normal" territory.

We had a 43% correction from $19,666 to $11,160, and we remain almost in the middle of that correction... sure the price could go in either direction, and if we are not gambling too heavily, we have been bouncing in this area for a while, which should be quite profitable, no?

Even with about $1,000 spreads, I have experienced a lot of action in these up and down movements... price goes up, sell... price goes down, buy.... etc etc etc... maybe tweak a bit, here and there.. but pattern seems to continue, no?

[AlcoHoDL]

It is funny to see every time there is a dip, the trolls be like: I put buy offers at 8000 and 1000. Wow, some noob with 0.01 BTC may fall for that and sell   The enemies of BTC failed miserably in their attempt to sabotage BTC hodlers. Even at 14K the gain is 1400% for a year!!!

This year's BTC gains have been spectacular, there's no doubt about that! Even if it drops to $5k, it's still the absolute best investment many of us have ever made in our entire lives. It's just that the last few months we were "spoiled" by the rise and expected it to keep rising, so we don't like the dips/corrections.

But, as always, the Honey BTCadger don't care...

[NiceSoft12]

Some cringe worthy coins since we're talking about alts:

HunterCoin, europecoin, HollyWoodCoin, trickycoin, sportscoin, quebecoin, rabbitcoin, sand coin, gaycoin, magiccoin, santa coin, braincoin, ponzicoin, doesn't end....

[JayJuanGee]

If I was a real bear, I wouldn't have those buy orders and I'd just leave for a different market. The faith that btc will inevitably bounce after hitting those lows and the fact that I will hodl half of those coins indefinitely makes me part bull - Just not an irrationally exuberant one. You guys need me when the shit hits the fan.

We need TeraBeara - because she is like the getting sick that makes us stronger (so long as she doesn't kill us), and she is not a real bear, either.. just a teddy bear that wants to snugglie wugglie with "normal" bitcoiners.   

[Wekkel]

Forks are not a bug but a feature.

[JayJuanGee]

[edited out]

Many thanks JJG, for the thorough reply, which I enjoyed reading. I appreciate the time and effort you spent in composing it. Just for the record, I enjoy reading your posts, and don't mind at all that you "overanalyse" things, as you're frequently being accused of. I also tend to overanalyse things in real life, because I believe that more information is always helpful, even if it is sometimes redundant. To those who say "silence is gold", I reply "silence is death".

Probably, I could not help myself, anyhow.  My years participating in this thread, and other bitcoin talk threads have helped me to figure out and to tweak some of my own strategies, and also sometimes helped me to consider better ways to frame the situation.  Remains a work in progress, too, and probably a lot of us will become smarter about bitcoin and smarter about our own thoughts when we attempt to interact, rather than to merely read passively about the topic.  hahahaa...   WO thread   - aka bitcoin university.

[luckygenough56]

It is funny to see every time there is a dip, the trolls be like: I put buy offers at 8000 and 1000. Wow, some noob with 0.01 BTC may fall for that and sell   The enemies of BTC failed miserably in their attempt to sabotage BTC hodlers. Even at 14K the gain is 1400% for a year!!!

In 2014 there were flash liquidation events on both btce and finex and thousands of coins were sold at $100 before rapidly bouncing back to $650

I remember very well about that 100 dollars. Not long before there was a guy who sold 30k at 300 dollars.

Those were wonderful bear times.

That would imply btc hard bottom is 2000 but no way we're going that low, LN seems too close.

[Lopumbo]

saved my btc by converting to xrp 

[luckygenough56]

saved my btc by converting to xrp  

You filthy traitor ! How dare you protect your investment ? You hold btc or sink with the ship, that's the only strategy here and you know it !

[TERA2]

[Phil_S]

Oh yeah?

How about this

[mikenz]

thats just 1hr short term chart. Tera2 is right. Makro trends count.

[Meuh6879]

Mem pool is swelling with 5 - 10 sat transactions which are spam.  Our hash rate seems stable enough though.

  between 65 and 35 transactions per second (MEMpool stack = 178 000 tx in queue) and 660 sat. /B for transmit.

https://tradeblock.com/bitcoin & https://blockchain.info/unconfirmed-transactions

[TERA2]

Oh yeah?

How about this

Your chart actually ends with a drop to $1800 that you didnt show

[Meuh6879]

[Phil_S]

Oh yeah?

How about this

Your chart actually ends with a drop to $1800 that you didnt show

Yeah, it took well over a month to finally crack that 3000 ceiling, so what.
Waiting a month until we're over 20000 is no big deal.

[HairyMaclairy]

It is funny to see every time there is a dip, the trolls be like: I put buy offers at 8000 and 1000. Wow, some noob with 0.01 BTC may fall for that and sell   The enemies of BTC failed miserably in their attempt to sabotage BTC hodlers. Even at 14K the gain is 1400% for a year!!!

In 2014 there were flash liquidation events on both btce and finex and thousands of coins were sold at $100 before rapidly bouncing back to $650

Yes I bought at Finex at $110.  Not very much unfortunately but it does count as one of my best trades. I think someone who shall not be named was mocking me for waiting for miracles 

[Meuh6879]

I predict a spectacular crash after the fork!

[milkshock100]

Yes

[HairyMaclairy]

These are some pretty awesome high velocity moves on extremely low volume.  I am quite impressed.