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

[JayJuanGee]

bulls will never admit theyre wrong. theyll just say it's a glitch or blame some black swan news event

It is not a matter of being right or wrong, but instead engaging in the wrong strategy and that is selling on the way down rather than selling on the way up.

So, right now, bulls should be buying on the way down or otherwise HODLing.  Otherwise they gonna end up selling at the bottom rather than buying at the bottom, as they should be doing.

In other words, fundamentals have not changed, and if you were gonna sell, as a bull, you should have already done it, and should be prepared for below $13k, or below $11k, or below $10k or even $8k for that matter, even though none of those lower possible BTC price points are for sure and the further down they get, then the more difficult it will be for bears and/or manipulators to achieve (including the fact that we may have already reached the bottom of this particular correction, which was $11,060 in the broader range and $12,800 in today's little "fun.")

So doing quick maths what ought to be the top of the next bump, provided we get one before more down?

What the fuck?

Don't get me involved in your weak-ass attempt to rationalize doing the wrong thing.

Of course, we always have UPs and DOWNs and UPs, but no matter how you frame the matter, we are currently in a DOWN, even if you have a slight UP coming up, you cannot rationalize that you are selling on the way up, if you decide to sell a larger portion, merely on the basis that there was an UP.   If you do that, you are still doing the wrong thing and you are a weak hand and you are selling on the way down, not on the way up.

On the other hand, there are always incremental measures that you can take to fix your position from your seeming mistake, and I suppose that is what you are contemplating now.  You are contemplating that you were NOT prepared for both directions of UP and DOWN, and so therefore you are taking retroactive measures (which seem to be emotional rather than rational), which could well cause you to sell way too much at the bottom, but you do gotta do what makes you feel more comfortable.... and hopefully learn a lesson from all of this.

[1714787041]

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[1714787041]

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[JayJuanGee]

You know Jay, if I ignore you, you might well finally have nobody left to talk to.

You do what you are gonna do.

I don't give a ratt's ass.


Whether you ignore me or not, it will not necessarily stop me from commenting on your posts if I think that you are making a pertinent post and whether you interact with me or not.

(by the way, I still would have Tera the beara and jbreher the picnic food eater to talk with.... hahahahahahaha... )

Hopefully, you figure out whatever thing is better gonna work for you, and none of us can expect to have sympathetic ears or receive sympathetic comments, even if we are putting ourselves in an emotional position, or even if the times are emotional based on stressful market movements in quasi-anonymous interweb forums.

People are making and losing money on this stuff all the time, and it can become stressful for anyone, even if you are making money rather than losing it.

[bitcoinvest]

 ***MAINTENANCE ANNOUNCEMENT***

Kraken is presently offline for maintenance.

While maintenance is underway, the website and API will not be reachable, and orders will not be able to be placed or canceled.

The Kraken Team


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Just wake up and wanted to buy but ..... not happened missed the dip or not i think will come more like last nights...

Good morning bitcoin land!

[Toxic2040]

bulls will never admit theyre wrong. theyll just say it's a glitch or blame some black swan news event

Wrong?  No..you see..there was some news out of the east...

Next bump we get, I'm taking it. I also am becoming despondent.

Steady as she goes Sir. You will find your moment.

Just wake up and wanted to buy but ..... not happened missed the dip or not i think will come more like last nights...

Good morning bitcoin land!

Good morning.

I bought on emotion, I hodl'd on emotion. I will sell on emotion.
Reason is slave to the passions.

This is nothing.

Oh well, weak hands gonna get shook.  That cannot be helped, correct?

Delightful shake..think it worked. I am interested it touched the 12.7k trend line but bounced back very strongly. I am still looking for a moderate rally thru this weekend.

The dips have been glorious. I'm tired...think I'll take a nap now.

[TERA2]

[jojo69]

nah, we'll get'er home

[HairyMaclairy]

La la la la la.  

My Bitcoin account is 100% Bitcoin.  My stupid alts accout is 100% Tether.

I’m ready for the whipsaw.  It’s a beautiful day !

[Karartma1]

We need our own Bitcoin Exchange. Our legal entity must be set on a Moon (yes we said we are going to then moon, what are we waiting for?) site.
Then no petty government shall come and shut down our exchange. If somebody picks the idea that would be great.

[doc12]

We need our own Bitcoin Exchange. Our legal entity must be set on a Moon (yes we said we are going to then moon, what are we waiting for?) site.
Then no petty government shall come and shut down our exchange. If somebody picks the idea that would be great.

With Atomic Swaps and some more Anon Tech the Party will be over for govts.

Exchange will be everywhere and nowhare.

[JayJuanGee]

I bought on emotion, I hodl'd on emotion. I will sell on emotion.
Reason is slave to the passions.

This is nothing.

Oh well, weak hands gonna get shook.  That cannot be helped, correct?

Delightful shake..think it worked. I am interested it touched the 12.7k trend line but bounced back very strongly. I am still looking for a moderate rally thru this weekend.

Yeah, it was a pretty decent shake, and sure when it is coupled with the Korean news, then such news can become a bit scary... so who knows if it is over, or if it sufficiently shook a few folks (weaker hands) out of their bitcoins.


You are correct that we are not quite getting down, even close to the $11,060 low from a few weeks ago.  Every time there are attempts to go below $13k, there is not much luck with that too.  It could be that bears are running out of coins, but surely we cannot write them off yet.   

Since we already visited dips down to $11k a couple of times and then several attempts at $13k, I am still kind of preparing for a further dip, but increasingly losing confidence that a further dip (such as that below $10k) is going to happen, because we really have to significantly go below $13k first (which you seem to identify such).

So, yeah, with this level of trade volume, after a certain amounts of unsuccessful attempts to go down, then it is seeming more and more likely that the direction of least resistance is to go up.... would be nice, would be nice.  But I am still o.k. bouncing around between $13k and $17k, too...  or whatever is going to happen, we seem to remain in a pretty decent position... with decent difficulties getting this bad boy to go down.   

The dips have been glorious. I'm tired...think I'll take a nap now.

Yep good opportunity to pick up a few more coins, and also to reset some orders.. and in the end, I am not picking up a whole hell-of-a lot of coins because we seem to be bouncing around in the same range, but still does seem to allow some strengthening of the BTC holdings and even a little bit of wearing out with anticipations regarding where we gonna go?

[flynn]

My Bitcoin account is 100% Bitcoin.

I am still trying to figure out what it would mean if that was not true.

[HairyMaclairy]

My Bitcoin account is 100% Bitcoin.

I am still trying to figure out what it would mean if that was not true.

Good point.  Then there would be no spoon.

[flynn]

My Bitcoin account is 100% Bitcoin.

I am still trying to figure out what it would mean if that was not true.

Good point.  Then there would be no spoon.

 * swallow red pill *

[ragnar0k]

I think this korea news will be good for bitcoin in the long run, lets hope we get back to 15 soon
Edit - if you think the eth guys had a walk in the park until now think again, they were walked over by ripple and bcash...

[mymenace]

We need our own Bitcoin Exchange. Our legal entity must be set on a Moon (yes we said we are going to then moon, what are we waiting for?) site.
Then no petty government shall come and shut down our exchange. If somebody picks the idea that would be great.

decentralized exchange

[HairyMaclairy]

Is $12,726 the best you can do?

[Starving_Marvin]

We need our own Bitcoin Exchange. Our legal entity must be set on a Moon (yes we said we are going to then moon, what are we waiting for?) site.
Then no petty government shall come and shut down our exchange. If somebody picks the idea that would be great.

decentralized exchange

Is there any viable decentralized exchanges currently around? Something with proper trading volume...

[LewisPirenne]

nah, we'll get'er home

To be fair, he is probably just warning users about the hazards of using Kraken to trade in a volatile day such as today.  

[TERA2]

It was in reference to Kraken being down.

[d_eddie]

We need our own Bitcoin Exchange. Our legal entity must be set on a Moon (yes we said we are going to then moon, what are we waiting for?) site.
Then no petty government shall come and shut down our exchange. If somebody picks the idea that would be great.

With Atomic Swaps and some more Anon Tech the Party will be over for govts.

Exchange will be everywhere and nowhare.

The problem is how to get fiat in and out without a bank. I haven't researched the problem or the proposed solutions yet. Can anybody share pointers?