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

[Torque]

This crash, er correction, er whatever it is really sets things up well for the rest of the year.

So many newbs, naysayers, and casual mom and pops out there who have been thinking about dipping a toe into Bitcoin definitely won't now. They'll have a laugh now and it will fade, and they will completely put Bitcoin out of their mind.

And then they will again be shocked when it takes off to the moon again later on this year or next. I almost feel bad for the people who just can't seem to win because they believe they are smarter than everyone else already involved.

[BTCMILLIONAIRE]

I'm not sure what's going on. Why isn't there more buying pressure? sub $8k seems very cheap to me

I think you'd be surprised how little money from retail investors was the cause of the actual rally during the month of Dec. The whale pump money probably outnumbered Average Joe money like 100:1.

Which also means this isn't Average Joe panick selling, it is whale(s) shorting.

Nobody in his right mind buyin something that has gone 20x for no reason at all , other than to play on very short term bounces

sorry for broken english

Your English is fine. It's your perception that needs work. With so many new participants streaming into the space, a rapid rise was inevitable. As is the correction. As will be the subsequent recovery and the next skyward burst.

Aren't you supposed to be a bear

[BTCMILLIONAIRE]

This crash, er correction, er whatever it is really sets things up well for the rest of the year.

So many newbs, naysayers, and casual mom and pops out there who have been thinking about dipping a toe into Bitcoin definitely won't now. They'll have a laugh now and it will fade, and they will completely put Bitcoin out of their mind.

And then they will again be shocked when it takes off to the moon again later on this year or next. I almost feel bad for the people who just can't seem to win because they believe they are smarter than everyone else already involved.

Just almost though. There really isn't anything new going on and the same patterns existed in every market that has ever emerged.

[jojo69]

Here, direct link: https://www.cnbc.com/2018/01/16/cryptocurrency-sell-off-tether-faring-better-than-rest.html
They mention the pegged nature, still hilarious header.

[JimboToronto]

Good morning Bitcoinland and greetings from the jungle in the Yucatan peninsula. Internet access is spotty out here so I haven't been checking in daily.

I see the "S. Korea bans Bitcoin" panic is continuing, all the way down to 4 digits and back up a little... currently $10160USD/$12645CAD (Bitcoinaverage).

I'm too lazy to work out the old coin price (damn, the Mexican lifestyle is getting to me) but all alts are down, mostly a lot worse than Bitcoin.

If I was at home I would have jumped on this dip and bought by now. Oh well, at least I bought the CAD in my pocket when the price was almost $21kCAD/BTC.

Hopefully everyone else is stocking up at these bargain basement prices. If prices are still down when I get back to civilization, I'll use what I have left of my travel float to buy more coins.

Hopefully this price foolishness will turn out the same way last January's "China bans Bitcoin" nonsense turned out last year.

Bitcoin is still strong. It's not just about blockchain technology, it's more about open source and decentralization.
_____

Damn. By the time my sketchy internet service got my message posted, we'd gone back down to 4 digits. Oh well, at least the scenery is gorgeous and the Mayans are super friendly.

[Elix9]

This crash, er correction, er whatever it is really sets things up well for the rest of the year.

So many newbs, naysayers, and casual mom and pops out there who have been thinking about dipping a toe into Bitcoin definitely won't now. They'll have a laugh now and it will fade, and they will completely put Bitcoin out of their mind.

And then they will again be shocked when it takes off to the moon again later on this year or next. I almost feel bad for the people who just can't seem to win because they believe they are smarter than everyone else already involved.

I agree, think things look good in the long run but may enter a bear market for a while. There were far too many people blindly throwing money at cryptos, especially alts, for things to grow in a healthy manner.

The alt pump and dumps were a red flag just begging for regulation as well. If the market can't handle RUMORS of South Korea or maybe China regulating, just imagine how devastating actual confirmed news about US regulation or SEC investigations would be.

Far too many normies investing money they couldn't afford to lose that they would yank out of the market at the slightest sign of trouble, did not bode well.

How quickly cryptos went from being about "decentralization" to "I want my lambo" was not encouraging. Who cares if the system is decentralized if it's still run by greed. Forget about having crypto being assimilated into the normiesphere, this should be about creating an entirely new space all together.

[El duderino_]

Good morning Bitcoinland and greetings from the jungle in the Yucatan peninsula. Internet access is spotty out here so I haven't been checking in daily.

I see the "S. Korea bans Bitcoin" panic is continuing, all the way down to 4 digits and back up a little... currently $10160USD/$12645CAD (Bitcoinaverage).

I'm too lazy to work out the old coin price (damn, the Mexican lifestyle is getting to me) but all alts are down, mostly a lot worse than Bitcoin.

If I was at home I would have jumped on this dip and bought by now. Oh well, at least I bought the CAD in my pocket when the price was almost $21kCAD/BTC.

Hopefully everyone else is stocking up at these bargain basement prices. If prices are still down when I get back to civilization, I'll use what I have left of my travel float to buy more coins.

Hopefully this price foolishness will turn out the same way last January's "China bans Bitcoin" nonsense turned out last year.

Bitcoin is still strong. It's not just about blockchain technology, it's more about open source and decentralization.
_____

Damn. By the time my sketchy internet service got my message posted, we'd gone back down to 4 digits. Oh well, at least the scenery is gorgeous and the Mayans are super friendly.

Good enjoy the holiday i go end of the month BUT more important i Will buy little bit more This dip to cover what you are missing  

[El duderino_]

But whatever we all saw the dip , correction.... please green straight line up

[hisslyness]

Is the nightmare over yet ?

Nope, looks like we are going sub 10k again

Good, I've still got $2000 that I forgot to spend.

Ok let me try and get this price up again!.. I am going to Sell some more BTC.....

Current Price: 9826.00

[sirazimuth]

Oh my. Just got an email from one of my old "hot-shot-investor-type" acquaintances that is telling me he is thinking about shorting BTC.

At sub $10k.

...

My partner is literally facepalming himself right now.

It's real quiet out here in the wilderness, by the way. No coyote sightings yet.

Any honey badgers per chance?...

[CistaCista]

Bitcoin make up your mind! Which way do we go now? Can't just camp out at 10,000...

[OWZ1337]

Good morning Bitcoinland and greetings from the jungle in the Yucatan peninsula. Internet access is spotty out here so I haven't been checking in daily.

I see the "S. Korea bans Bitcoin" panic is continuing, all the way down to 4 digits and back up a little... currently $10160USD/$12645CAD (Bitcoinaverage).

I'm too lazy to work out the old coin price (damn, the Mexican lifestyle is getting to me) but all alts are down, mostly a lot worse than Bitcoin.

If I was at home I would have jumped on this dip and bought by now. Oh well, at least I bought the CAD in my pocket when the price was almost $21kCAD/BTC.

Hopefully everyone else is stocking up at these bargain basement prices. If prices are still down when I get back to civilization, I'll use what I have left of my travel float to buy more coins.

Hopefully this price foolishness will turn out the same way last January's "China bans Bitcoin" nonsense turned out last year.

Bitcoin is still strong. It's not just about blockchain technology, it's more about open source and decentralization.
_____

Damn. By the time my sketchy internet service got my message posted, we'd gone back down to 4 digits. Oh well, at least the scenery is gorgeous and the Mayans are super friendly.

^you heading to the Dead&Co shows? :-D i'm jealous~

https://www.deadandcompany.com/events/435843

[bitcoinPsycho]

watch the bounce

[infofront]

Oh my. Just got an email from one of my old "hot-shot-investor-type" acquaintances that is telling me he is thinking about shorting BTC.

At sub $10k.

...

My partner is literally facepalming himself right now.

It's real quiet out here in the wilderness, by the way. No coyote sightings yet.

BOB, I SEE BTC IS NEAR ROCK BOTTOM NOW. GOOD TIME TO SHORT?

[jojo69]

It's real quiet out here in the wilderness, by the way. No coyote sightings yet.

less phone

more binoculars 

[BTCMILLIONAIRE]

Oh my. Just got an email from one of my old "hot-shot-investor-type" acquaintances that is telling me he is thinking about shorting BTC.

At sub $10k.

...

My partner is literally facepalming himself right now.

It's real quiet out here in the wilderness, by the way. No coyote sightings yet.

BOB, I SEE BTC IS NEAR ROCK BOTTOM NOW. GOOD TIME TO SHORT?

Short at $8k. Too bad the leveraged shorting ETFs didn't come out. Would've been perfect timing.

[jbreher]

About 40 percent of bitcoin is held by perhaps 1,000 users

Got any data to go with your wild assertion?

Not that I think you're _wrong_, mind you. I just think you're spouting nonsense. I bet you never questioned where you heard that 'statistic'. amirite?

[Last of the V8s]

@ChrisBlec
Jan 16

Let's fast-forward a bit.

It's May 2018. Bitcoin's price has just crashed from USD $42,000 down to $29,000.

It's September 2018. Bitcoin crashes from $87,000 to $48,000.

It's January 2019. Bitcoin crashes from $105,000 to $63,000.

You think this dip is hard? Just wait.
16 replies 139 retweets 423 likes

[jbreher]

Your English is fine. It's your perception that needs work. With so many new participants streaming into the space, a rapid rise was inevitable. As is the correction. As will be the subsequent recovery and the next skyward burst.

Aren't you supposed to be a bear

Of course I'm a bear. Doesn't exclude me from being a bull. Just stop it with the species-ism.

[bitcoinPsycho]

@ChrisBlec
Jan 16

Let's fast-forward a bit.

It's May 2018. Bitcoin's price has just crashed from USD $42,000 down to $29,000.

It's September 2018. Bitcoin crashes from $87,000 to $48,000.

It's January 2019. Bitcoin crashes from $105,000 to $63,000.

You think this dip is hard? Just wait.
16 replies 139 retweets 423 likes

I might sell half my stash in Jan 19