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

[somac.]

Add this to your analysis

https://ru.tradingview.com/chart/BTCUSD/hg0S8xjw-historical-3-looks-to-be-completed/

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[d_eddie]

Bitcoin is unique in that most of the traders are tied into being in one of two positions - either btc or usd. There arent a bunch of other stocks and asset classes for them to trade. They're not leaving the market. They're staying on the bitcoin exchanges with an eagle eye on the chart and soon as there is a hint of a reversal they have to all pile back in at once because if theyre on the wrong side of the market then theyre losing and wasting their time on high risk exchanges.

Something which, with some goodwill, could be interpreted as bullish from Tera?
REVERSAL CONFIRMED!

Tera isn't actually a one-way permabear IMHO. More like a cynical contrarian skeptic.

[wayna]

So everybody knew a bit about BTC and cryptos.

They put some money into the market in a skyrocketing period of gains, then a steady and eventually a huge dump.

They shook their hands and now someone believes it's not worth it, it's about a scam and so on (in the meantime FUD and regulations applied).

If you look at charts the price is still higher than August. Investments are increasing in this market.

Again, I see a strategy both to put away weak people from the market and reset it in order to follow the next pump.

The real issue:
is BTC still the king?

Any crypto is traded with BTC, so BTC is a critical leverage to exchange whatever crypto you want, however in the real market we should also look how ETH is performing, the latter seems particularly in shape even in this massive dump!

ETH is also weak as a protocol.  Solidity is built on sand.  Programming secure smart contracts is a nightmare - just ask Parity. ETH has a great idea but shitty implementation.  It doesn’t deserve its market cap at this time.

Thank you for replying.

Yes, I actually know both BTC and ETH are relatively weak in their implementation, but still influencing the market.

Anyway, too many people here crying for the end of the game.

Seriously guys, I don't think big investors and all the infrastructure built around BTC and cryptos are crashing in about 1 year of pump.

It's barely comparable with the massive USA financial pump which is lasting since 2007.

I'm not saying we have bought some shitty coins when they were at a higher price (we did), but thinking that it's over is just ridiculous considering how the blockchain will disrupt the economy.

It's seems patience is the king in this game.

[somac.]

those 2 major drops since ATH are textbook 2013

after that, it slowly rose back up to something like 70% of ATH value

the 2013 crash you need to be looking at here is the one in the middle of the year. Not the one at the end.

[SecondLeoTheSecond]

Bitcoin is unique in that most of the traders are tied into being in one of two positions - either btc or usd. There arent a bunch of other stocks and asset classes for them to trade. They're not leaving the market. They're staying on the bitcoin exchanges with an eagle eye on the chart and soon as there is a hint of a reversal they have to all pile back in at once because if theyre on the wrong side of the market then theyre losing and wasting their time on high risk exchanges.

Something which, with some goodwill, could be interpreted as bullish from Tera?
REVERSAL CONFIRMED!

Tera isn't actually a one-way permabear IMHO. More like a cynical contrarian skeptic.

I heard her warning on the way up. Felt like getting more severe the higher we got.
Now I sniff the wiff a reversal in her opinion while I see more doom around.

I guess the cynical contrarian stance makes her a better trader than most around here.

[luckygenough56]

problem with all those analysis is they all assume we're still in a bull trend, very risky thinking. Those child paintings are right until the trend changes...

it'll probably bounce up tho

[somac.]

problem with all those analysis is they all assume we're still in a bull trend, very risky thinking. Those child paintings are right until the trend changes...

You're assuming we are in a bear trend. According to a lot of longer term TA, we are not.

[Cassius]

I guess the cynical contrarian stance makes her a better trader than most around here.

The trick is to be extremely cynical, without being so cynical that you completely miss out (Stolfi, Roubini...)

[PoolMinor]

problem with all those analysis is they all assume we're still in a bull trend, very risky thinking. Those child paintings are right until the trend changes...

it'll probably bounce up tho

It's all about perspective.

[somac.]

I guess the cynical contrarian stance makes her a better trader than most around here.

The trick is to be extremely cynical, without being so cynical that you completely miss out (Stolfi, Roubini...)

haha, stolfi. That guy used to crack me up.

[luckygenough56]

those 2 major drops since ATH are textbook 2013

after that, it slowly rose back up to something like 70% of ATH value

the 2013 crash you need to be looking at here is the one in the middle of the year. Not the one at the end.

that's wishfull thinking but maybe 

[d_eddie]

I guess the cynical contrarian stance makes her a better trader than most around here.

It's likely. In one of her later posts, she wrote something to the effect that a good trader should be highly unpopular. Now the logical implication doesn't work in reverse of course, but she is somewhat unpopular here, isn't she?  

[Elwar]

I'm not a trader but I have been helping my gf with localbitcoins. She had a huge order at $14k that was frozen on the exchange for amateur hour reasons as the price rose to $19k and she was sitting there with fiat that she couldn't buy back in.

After finally getting the money to another exchange I set the buy order very low so that if it flash crashed to that price she would have a full bitcoin. It finally hit that last night. So hopefully it goes up from here and she can enjoy price rises as much as I do.

[luckygenough56]

dildo is in

[conspirosphere.tk]

The trick is to be extremely cynical, without being so cynical that you completely miss out (Stolfi, Roubini...)

Maybe the next time that the MSM goes hyper on BTC and some crypto-celebrity bets his attributes on some insanely high target, consider selling some.
#SignsOfATtop

[Cassius]

I guess the cynical contrarian stance makes her a better trader than most around here.

It's likely. In one of her later posts, she wrote something to the effect that a good trader should be highly unpopular. Now the logical implication doesn't work in reverse of course, but she is somewhat unpopular here, isn't she?  

I'd agree that a good trader would be unpopular around here. Also that the reverse isn't true. Otherwise the anti-Semite would be wealthy, rather than crying into his silver (shekels).

[Rsiyz]

monday it will bring back down  

[BinaryReign]

Wait, did I miss something? I was so busy picking out custom license plates for my new car, I forgot to fall for the fud.  

Seriously though, why does it seem like bitcoin goes higher after I spend a little, and lower when I try to save? When I came back from Denver it was still over $15k. Guess I better start planning another trip so the price will go to $50k hehehe

Btw: I’m probably going to get a BTC plate, maybe “BTC PAYS”, “BTC BOSS” or “HODL BTC” or something. What do you guys think?

 

[conspirosphere.tk]

Btw: I’m probably going to get a BTC plate, maybe “BTC PAYS”, “BTC BOSS” or “HODL BTC” or something. What do you guys think?

 

BTFD BTC

[Dakustaking76]

Btw: I’m probably going to get a BTC plate, maybe “BTC PAYS”, “BTC BOSS” or “HODL BTC” or something. What do you guys think?

 

BTFD BTC

Ahhhhh dildo's everywhere.       Weeeeeeeee were dead already ore still were gonne die?