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

[BlindMayorBitcorn]

This next leg down could crush my soul. 

Assuming another leg down?  Which I assume that you are assuming such other leg down would be below $6k?   


Don't you got ur selfie no more money left for buying?


I am assuming that if we get anywhere near $6k, perhaps even breaking below $6,666  (that one is for you Torque-ster).. then the next support would be in the $3k to $4k price range.. which is fucking low.. ... .. so certainly, I am also hoping that support from here down to $6,666 is going to be able to stand up... and we are not breaking lower than $6,666.. Get out your HODL and your BUYDL.. ammunition, peeps.

I assume anything above $6k is a house of cards. 

O.k..... Then you must have already sold then? 

Or are you going to ride out this supposed bad situation with faith that you do not believe in?   

I personally believe that support from here down to $6,666 is a lot greater than you are making it out to be, in part based on the amount of trade volume that already had taken place to reverse at our most recent $6k bottom...

Surely, nothing is inevitable, but seems that we should be prepared to HODL and BUYDL, like I already mentioned... and thereafter everything will be just fine... that's my tentative working plan.   

I don't really have a plan. I'm just venting, bracing for impact. I'll still be here hodling in a year or 2 is my guess. Complaining about shit.

[1714019536]

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[1714019536]

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[moneyForjam]

Well I'm quite sure BTC crashed -94% TWICE before, please explain in detail why this (or similar)  wouldn't happen again
For higher, we need to go lower. (much lower)

I'm quite sure it also DIDN'T crash -94% numerous times before, so why wouldn't that happen again?

No it didn’t according to ZeroHedge: https://www.zerohedge.com/news/2018-02-09/visualizing-worst-crashes-bitcoin-history

lol
be happy it will go to 2k. Then it will go up and your bitcoins will be worth more

[pacman7331]

Hi All.

I see BTC shaping up for a bad, or really bad week.
Looking forward to the buy zone @ ~2k

Haha yea right. Bring it.  Pretty sure takes more than $2000 to mine one bitcoin. Unless you’re a philanthropist you’re not gonna sell it for such a price.

Well I'm quite sure BTC crashed -94% TWICE before, please explain in detail why this (or similar)  wouldn't happen again
For higher, we need to go lower. (much lower)

That's your first post?!

Hilarious

[marcus_of_augustus]

This next leg down could crush my soul.  

Apocalypse Cow. Amirite?

Bull tears...worse.  

... that bovine specimen is probably a heifer or a steer (no balls) ... not a bull. Angus btw.

The non-linearity of the utility function for money has profound implications in decision making processes: in situations where outcomes of choices influence utility through gains or losses of money, which are the norm in most business settings, the optimal choice for a given decision depends on the possible outcomes of all other decisions in the same time-period.

Cattle markets make for a great study in basic economics, freed from the abstract pretenses of ivory tower economists on the pay of central banks and rigged, centrally-controlled 'financial' markets.

The marginal utility function for money is most likely logarithmic.

[moneyForjam]

Hi All.

I see BTC shaping up for a bad, or really bad week.
Looking forward to the buy zone @ ~2k

Haha yea right. Bring it.  Pretty sure takes more than $2000 to mine one bitcoin. Unless you’re a philanthropist you’re not gonna sell it for such a price.

Well I'm quite sure BTC crashed -94% TWICE before, please explain in detail why this (or similar)  wouldn't happen again
For higher, we need to go lower. (much lower)

That's your first post?!

And that's your 1165th post??!?!

[pacman7331]

Well I'm quite sure BTC crashed -94% TWICE before, please explain in detail why this (or similar)  wouldn't happen again
For higher, we need to go lower. (much lower)

I'm quite sure it also DIDN'T crash -94% numerous times before, so why wouldn't that happen again?

No it didn’t according to ZeroHedge: https://www.zerohedge.com/news/2018-02-09/visualizing-worst-crashes-bitcoin-history

[img]https://www.zerohedge.com/sites/default/files/inline-images/2018.02.09bitcoin.JPG?itok=Cs-FBcbE[/]

lol
be happy it will go to 2k. Then it will go up and your bitcoins will be worth more

I will be happy. Cuz then i’ll be buyin the shit outta that shit. Poor mofos like me will all see it as affordable. But honestly i’ll be jumping in long before 2k.

[readysalted89]

Well I'm quite sure BTC crashed -94% TWICE before, please explain in detail why this (or similar)  wouldn't happen again
For higher, we need to go lower. (much lower)

I'm quite sure it also DIDN'T crash -94% numerous times before, so why wouldn't that happen again?

No it didn’t according to ZeroHedge: https://www.zerohedge.com/news/2018-02-09/visualizing-worst-crashes-bitcoin-history



My first buy was during that Gox correction. Sadly I needed my money later on...

I don't normally have much respect for zerohedge, but that visual guide is quite good. I hope they also have a positive one visualizing the rallies.

[somac.]

Where's that story about the elephant and the ants? I know some elephants avoid plants that have ants, but they don't bring down the elephants.

I think it was something said during the war. Germany was the elephant (better technology, better trained, better generals, etc.) the Soviets were the ants (huge numbers).

[pacman7331]

Well I'm quite sure BTC crashed -94% TWICE before, please explain in detail why this (or similar)  wouldn't happen again
For higher, we need to go lower. (much lower)

I'm quite sure it also DIDN'T crash -94% numerous times before, so why wouldn't that happen again?

No it didn’t according to ZeroHedge: https://www.zerohedge.com/news/2018-02-09/visualizing-worst-crashes-bitcoin-history

[img]https://www.zerohedge.com/sites/default/files/inline-images/2018.02.09bitcoin.JPG?itok=Cs-FBcbE[/]

My first buy was during that Gox correction. Sadly I needed my money later on...

I don't normally have much respect for zerohedge, but that visual guide is quite good. I hope they also have a positive one visualizing the rallies.

I agree they are fuckin retarded. But that’s why I respect em.

[Toxic2040]

... that bovine specimen is probably a heifer or a steer (no balls) ... not a bull. Angus btw.

I like the other image more..I was not sure you(we?) would get the implied joke with this one.  Commodities...oh boy...here we go...

[readysalted89]

Well I'm quite sure BTC crashed -94% TWICE before, please explain in detail why this (or similar)  wouldn't happen again
For higher, we need to go lower. (much lower)

I'm quite sure it also DIDN'T crash -94% numerous times before, so why wouldn't that happen again?

No it didn’t according to ZeroHedge: https://www.zerohedge.com/news/2018-02-09/visualizing-worst-crashes-bitcoin-history

[img]https://www.zerohedge.com/sites/default/files/inline-images/2018.02.09bitcoin.JPG?itok=Cs-FBcbE[/]

My first buy was during that Gox correction. Sadly I needed my money later on...

I don't normally have much respect for zerohedge, but that visual guide is quite good. I hope they also have a positive one visualizing the rallies.

I agree they are fuckin retarded. But that’s why I respect em.

Their visual guide brought back all the highs and lows I felt this year from Bitcoin's price movements. A picture paints a thousand words.

[suchmoon]

Sorry bull, dry your tears. Alas, the bottom is not yet in.
Look at the chart. Do you see stop hunting / institutional buy orders @5900?
I dont.

I'm not a bull. I sold some at $9750 so I'll try to buy them back... the lower the better. Got all sorts of orders rigged up.

[El duderino_]

Well I'm quite sure BTC crashed -94% TWICE before, please explain in detail why this (or similar)  wouldn't happen again
For higher, we need to go lower. (much lower)

I'm quite sure it also DIDN'T crash -94% numerous times before, so why wouldn't that happen again?

Sorry bull, dry your tears. Alas, the bottom is not yet in.
Look at the chart. Do you see stop hunting / institutional buy orders @5900?
I dont.

Everything could happen in BTC and not one hodler Care’s about witch road we go in to find new hights ..., but i do not look at charts or any of that only here with my long term understanding and Just buying more @times.....
But Why would a continious market allways repeat its past... maybe its evolving by getting more meansteam attention more and more strong hand hodlers and So on

And i think not too Many bulls in tears down here

[moneyForjam]

Well I'm quite sure BTC crashed -94% TWICE before, please explain in detail why this (or similar)  wouldn't happen again
For higher, we need to go lower. (much lower)

I'm quite sure it also DIDN'T crash -94% numerous times before, so why wouldn't that happen again?

No it didn’t according to ZeroHedge: https://www.zerohedge.com/news/2018-02-09/visualizing-worst-crashes-bitcoin-history



My first buy was during that Gox correction. Sadly I needed my money later on...

I don't normally have much respect for zerohedge, but that visual guide is quite good. I hope they also have a positive one visualizing the rallies.

So far we have a drop of around 70.5% from the ATH (20k) . To all the bulls who think the bottom is in, please please explain why we wont get -83%, -87% (as has happened in the past) or more

[moneyForjam]

Well I'm quite sure BTC crashed -94% TWICE before, please explain in detail why this (or similar)  wouldn't happen again
For higher, we need to go lower. (much lower)

I'm quite sure it also DIDN'T crash -94% numerous times before, so why wouldn't that happen again?

Sorry bull, dry your tears. Alas, the bottom is not yet in.
Look at the chart. Do you see stop hunting / institutional buy orders @5900?
I dont.

Everything could happen in BTC and not one hodler Care’s about witch road we go in to find new hights ..., but i do not look at charts or any of that only here with my long term understanding and Just buying more @times.....
But Why would a continious market allways repeat its past... maybe its evolving by getting more meansteam attention more and more strong hand hodlers and So on

And i think not too Many bulls in tears down here

I think the market moves so that 99% of leveraged orders (no matter where the entry) will have positive stops hit (Positive Stop is stop at or above BE), if left open for long enough

[bones261]

I think the market moves so that 99% of leveraged orders (no matter where the entry) will have positive stops hit (no matter where the positive stop is), if left open for long enough

Please do try to keep your short order open until it hits that 2000.00 target that you are looking for.   In fact, I advise you use Bitmex and keep adding to it as BTC crashes to your delight. 100X leverage!

[Deeyoh]

GDAX putting up a 8k fight.  It's not letting it go below.. kept buying at 8001.00 LOL

[bones261]

GDAX putting up a 8k fight.  It's not letting it go below.. kept buying at 8001.00 LOL

I am well aware. That's what I get for setting my bid on a psychological barrier. 

[infofront]

Hi All.

I see BTC shaping up for a bad, or really bad week.
Looking forward to the buy zone @ ~2k

Haha yea right. Bring it.  Pretty sure takes more than $2000 to mine one bitcoin. Unless you’re a philanthropist you’re not gonna sell it for such a price.

Well I'm quite sure BTC crashed -94% TWICE before, please explain in detail why this (or similar)  wouldn't happen again
For higher, we need to go lower. (much lower)

That's your first post?!

And that's your 1165th post??!?!

Yes. Don't be surprised when you raise a few eyebrows coming in here posting as Mr. Bear Troll for your first post.

Also, show me all those 94% drops please.

[moneyForjam]

I think the market moves so that 99% of leveraged orders (no matter where the entry) will have positive stops hit (no matter where the positive stop is), if left open for long enough

Please do try to keep your short order open until it hits that 2000.00 target that you are looking for.   In fact, I advise you use Bitmex and keep adding to it as BTC crashes to your delight. 100X leverage!

You bull tears seem ever so bitter, but I guess I would feel that way to if I had brought at 20k too...however, as this is a speculation thread, please do enlighten us on you opinion on where the price is going and why