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

[RoomBot]

COME ON HODLers!

Everybody get out and PULL this train!

CCMF

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[kurious]

To state the obvious:

Most of us have been hoping someone else would start buying.  

The problem is simply that the majority of the market cash hasn’t been.  Why would it when it’s on the way down?  

However:   Ultimately there is a price that is just too low and there will be more buyers than sellers.  The market decides this, not our crossed fingers.

This is the truth.  The price will eventually turn up, it must: but ‘when’ the bottom is in can truly only be known with hindsight.

If this is over, we must be thankful - because a slow bleed is worse than a sharper, faster one.  Anyone who waited after Gox for a final bottom for over a year will remember the pain of this.

That said, we know in our soul these coins are really cheap, we just need to feel the market agrees, so we don’t buy before they’re cheaper still.  

Once it is apparent the market has decided, we know the bottom is in and so we can BUY.

And BUY, we will.  

[SidETH]

Be honost now: who forgot to fill up the rocket?

[kurious]

Just one more dip to about 7280, please - I just need a little more!

EDIT: and in the next 2 hours would be great, I can't stay up all night again

[xhomerx10]

[AlexGR]

To state the obvious:

Most of us have been hoping someone else would start buying.  

The problem is simply that the majority of the market cash hasn’t been.  Why would it when it’s on the way down?  

It's a matter of quantity...

If you drop too much cash in the market, there are no BTC to buy => price spikes upwards.
If you drop too many coins in the market, there is no cash to buy => price spikes downwards.

I wouldn't give too much importance on the price that is formulated as a result of over-supply spikes... that's the case here... too many bitcoins dumped in a short amount of time... almost as if to create the desired effect (a lower price - for whatever reason).

The important thing is that these supply spikes aren't mid-term or long-term sustainable in a finite-quantity asset, like BTC. Only short-term.

[d_eddie]

To state the obvious:

Most of us have been hoping someone else would start buying.  

The problem is simply that the majority of the market cash hasn’t been.  Why would it when it’s on the way down?  

However:   Ultimately there is a price that is just too low and there will be more buyers than sellers.  The market decides this, not our crossed fingers.

This is the truth.  The price will eventually turn up, it must: but ‘when’ the bottom is in can truly only be known with hindsight.

If this is over, we must be thankful - because a slow bleed is worse than a sharper, faster one.  Anyone who waited after Gox for a final bottom for over a year will remember the pain of this.

That said, we know in our soul these coins are really cheap, we just need to feel the market agrees, so we don’t buy before they’re cheaper still.  

Once it is apparent the market has decided, we know the bottom is in and so we can BUY.

And BUY, we will.  

A great way to put it.
I've been buying like mad on the way down - perhaps too much, too early, but when she gets back up were she belongs it will be much less relevant.

The thing is, in these bloody days, I didn't feel as much panic as I felt FOMO.

[d_eddie]

Another "obvious" concept - but easy to forget - that many smart folks here have pointed out: for every seller there is a buyer, and vice versa. Someone's really loaded up with cheap coins at the expense of the weak hands.

Never forget - You only lose if you sell cheaper than you bought.

[xhomerx10]

^+1 WOmerit to kurious

6k potential bottom?
time to catch the train?

Where is the train on the picture?

 Somewhere in Brazil.

[600watt]

last night reminded more of this one:



or helnwein classic:




or bosch

[kurious]

To state the obvious:

Most of us have been hoping someone else would start buying.  

The problem is simply that the majority of the market cash hasn’t been.  Why would it when it’s on the way down?  

However:   Ultimately there is a price that is just too low and there will be more buyers than sellers.  The market decides this, not our crossed fingers.

This is the truth.  The price will eventually turn up, it must: but ‘when’ the bottom is in can truly only be known with hindsight.

If this is over, we must be thankful - because a slow bleed is worse than a sharper, faster one.  Anyone who waited after Gox for a final bottom for over a year will remember the pain of this.

That said, we know in our soul these coins are really cheap, we just need to feel the market agrees, so we don’t buy before they’re cheaper still.  

Once it is apparent the market has decided, we know the bottom is in and so we can BUY.

And BUY, we will.  

A great way to put it.
I've been buying like mad on the way down - perhaps too much, too early, but when she gets back up were she belongs it will be much less relevant.

The thing is, in these bloody days, I didn't feel as much panic as I felt FOMO.

Me too, I ran out a few days back and had to sell to have funds to buy lower.  Scary. 

But I was determined to try to increase BTC on the way down, not just watch it bleed.  On my trading stash, I am up.  But am running low on dry powder again, if there is another leg down.  I will need to go back to money I cashed out in Dec for ammo.

That said, whatever happens -  I am determined to come out of this with more BTC, not cash.  Cash is a given when it goes back up.

Bitcoin is what matters.

[RoomBot]

[d_eddie]

^+1 WOmerit to kurious

6k potential bottom?
time to catch the train?

Where is the train on the picture?

Train? Which train?

[Last of the V8s]

[RoomBot]

So, just sent an email to our CTO to set up a meeting/brief-chat, to let him know that I'm resigning.

Shit just got real.

Don't like the circumstances under which I'm leaving, but nothing I can do about it. My hand is being forced. (They want things their way, I want things my way, no way to meet in the middle...)

I'm likely to be throwing a small wrench into the works with my resignation, but I just can't deal with my manager and constant reorgs anymore.

End of an era approaching for me.

Kinda depressed, and then I think "Why you so depressed dude ? You're fucking retiring early, dawg ! Going to live the dream and so-on-and-so-forth. Get a fucking grip."

Will be nice to step away and focus on me for the rest of my unnatural life.

Soon.

Never imagined I would be dealing with this sort of existential angst with retirement mere weeks away...

Life transitions are stressful.

Keep your eyes on the prize!

[d_eddie]

Will be nice to step away and focus on me for the rest of my unnatural life.

Soon.

Never imagined I would be dealing with this sort of existential angst with retirement mere weeks away...

I'm pretty sure sooner than you know, you'll say "never imagined the angst would be gone and forgotten so fast."
Cheer up, Bob. You are one of the guys who made it. Be proud and learn to live it up, it needs training like any other art.

[kurious]

So, just sent an email to our CTO to set up a meeting/brief-chat, to let him know that I'm resigning.

Shit just got real.

Don't like the circumstances under which I'm leaving, but nothing I can do about it. My hand is being forced. (They want things their way, I want things my way, no way to meet in the middle...)

I'm likely to be throwing a small wrench into the works with my resignation, but I just can't deal with my manager and constant reorgs anymore.

End of an era approaching for me.

Kinda depressed, and then I think "Why you so depressed dude ? You're fucking retiring early, dawg ! Going to live the dream and so-on-and-so-forth. Get a fucking grip."

Will be nice to step away and focus on me for the rest of my unnatural life.

Soon.

Never imagined I would be dealing with this sort of existential angst with retirement mere weeks away...

Good luck, Bob - all this will be nothing in your Porsche rear-view mirror soon.   If you can handle a Bitcoin 'correction' like this, you can handle anything - and you have handled it well.  What you deserve and what they want are two different things. That is life, and you are a free agent. Be grateful, but put yourself first.

No one is going to look back and wish they spent more time in the office...

[Neo_Coin]

[strawbs]

So, just sent an email to our CTO to set up a meeting/brief-chat, to let him know that I'm resigning.

Shit just got real.

Don't like the circumstances under which I'm leaving, but nothing I can do about it. My hand is being forced. (They want things their way, I want things my way, no way to meet in the middle...)

I'm likely to be throwing a small wrench into the works with my resignation, but I just can't deal with my manager and constant reorgs anymore.

End of an era approaching for me.

Kinda depressed, and then I think "Why you so depressed dude ? You're fucking retiring early, dawg ! Going to live the dream and so-on-and-so-forth. Get a fucking grip."

Will be nice to step away and focus on me for the rest of my unnatural life.

Soon.

Never imagined I would be dealing with this sort of existential angst with retirement mere weeks away...

I retired before I was 40 thanks to crypto.  Fear not, you won't regret it. Best. Decision. Ever.

[LFC_Bitcoin]

Remember when NLC posted a full page or two on here of gay, grandad porn?

Really don’t know why I’ve just had a flashback of that