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

[DeathAngel]

It will bounce.  This is like a mini capitulation.

Nothing we haven’t seen before, meanwhile we have the usual suspects popping up jacking off to a $200 - $300 drop.

Embarrassing.

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[flynn]

It will bounce.  This is like a mini capitulation.

Single bottom bounce ?

[Last of the V8s]

Single bottom bounce ?

seems so

[JayJuanGee]

Let’s save the suicide for another day guys - we’re only down about $500 in 24 hours.

Ultimately I agree with you, but let's look a bit more closely.  O.k.  Price dipped down from a high of less than 24 hours ago of $11,688 down to $10,835, so far, as I type this - which is about the price from 4 days ago.

So, really it took us 4 days to go up to $11,688, and then we are back down fairly quickly and then perhaps at a bottom here or maybe going to test lower.  My sell order at $11,700-ish was not triggered, so I was not able to buy any back at what would have been about $11k, instead my next buy order is at $10,700, and has not been triggered, yet, either.  

So the punchline... still in limbo land, here, and admittedly a tiny bit painful (like a mosquito bite) when orders almost trigger, but don't.  

In the end, we cannot necessarily rush these kinds of pricing matters, and just let the price come to our set orders, rather than jumping ahead or prematurely getting excited... Certainly suicide or any attempts at suicide should be considered a wee bit of an overreaction to this.

[DeathAngel]

Let’s save the suicide for another day guys - we’re only down about $500 in 24 hours.

Ultimately I agree with you, but let's look a bit more closely.  O.k.  Price dipped down from a high of less than 24 hours ago of $11,688 down to $10,835, so far, as I type this - which is about the price from 4 days ago.

So, really it took us 4 days to go up to $11,688, and then we are back down fairly quickly and then perhaps at a bottom here or maybe going to test lower.  My sell order at $11,700-ish was not triggered, so I was not able to buy any back at what would have been about $11k, instead my next buy order is at $10,700, and has not been triggered, yet, either.  

So the punchline... still in limbo land, here, and admittedly a tiny bit painful (like a mosquito bite) when orders almost trigger, but don't.  

In the end, we cannot necessarily rush these kinds of pricing matters, and just let the price come to our set orders, rather than jumping ahead or prematurely getting excited... Certainly suicide or any attempts at suicide should be considered a wee bit of an overreaction to this.

2018 will no doubt me another crazy ride Jay, I hope you’re strapped in. I think we are witnessing the calm before the storm, let’s see where this year takes us.

[jonoiv]

Looks like end of phase B and the start of phase C to me. next stop <=8500

[Last of the V8s]

[Rosewater Foundation]

My sell order at $11,700-ish was not triggered

Optimism is not your friend at this point.  

Certainly suicide or any attempts at suicide should be considered a wee bit of an overreaction to this.

What if you're wrong?

[snakey]

Looks like end of phase B and the start of phase C to me. next stop <=8500

Thought if we ever touch 11700 USD, then we will move upward but seeing people comments i am getting nervous. Bitcoin back to 8 USD. Many investors will lose again.

[Traxo]

Bitcoin back to 8 USD. Many investors will lose again.

[DeathAngel]

Been proven time & time again that TA & regular stock markets, historical data etc is mostly not relevant to bitcoin. This beast does what it wants.

Wave B, Wave C = bull shit, let’s wait & see.

[sirazimuth]

Been proven time & time again that TA & regular stock markets, historical data etc is mostly not relevant to bitcoin. This beast does what it wants.

Wave B, Wave C = bull shit, let’s wait & see.

Post your predictions both ways then when honey badger does it’s thing
you simply delete the post that’s wrong and then post
“see? I told ya!”

[DeathAngel]

Been proven time & time again that TA & regular stock markets, historical data etc is mostly not relevant to bitcoin. This beast does what it wants.

Wave B, Wave C = bull shit, let’s wait & see.

Post your predictions both ways then when honey badger does it’s thing
you simply delete the post that’s wrong and then post
“see? I told ya!”

$13,000 by end of March

[julian071]

I recently ordered some "physical bitcoins" as a novelty gift, and I must say, they're absolutely stunning. At the price they come at they make a great gift for starting a conversation. Hell, you could even try to order a beer with one and it'd be cheaper then paying with real bitcoins!

https://www.ebay.com/itm/10Pcs-Gold-Bitcoin-Commemorative-Collectors-Coin-Bit-Coin-is-Gold-Plated-Coin/312023634719?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m2749.l2649

[Totscha]

Been proven time & time again that TA & regular stock markets, historical data etc is mostly not relevant to bitcoin. This beast does what it wants.

Wave B, Wave C = bull shit, let’s wait & see.

Post your predictions both ways then when honey badger does it’s thing
you simply delete the post that’s wrong and then post
“see? I told ya!”

$13,000 by end of March

TIFIFY

[DeathAngel]

I recently ordered some "physical bitcoins" as a novelty gift, and I must say, they're absolutely stunning. At the price they come at they make a great gift for starting a conversation. Hell, you could even try to order a beer with one and it'd be cheaper then paying with real bitcoins!

https://www.ebay.com/itm/10Pcs-Gold-Bitcoin-Commemorative-Collectors-Coin-Bit-Coin-is-Gold-Plated-Coin/312023634719?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m2749.l2649

How do they work, do they have a private key engraved?

It so how do you know the designer/maker won’t sweep them?

[julian071]

I recently ordered some "physical bitcoins" as a novelty gift, and I must say, they're absolutely stunning. At the price they come at they make a great gift for starting a conversation. Hell, you could even try to order a beer with one and it'd be cheaper then paying with real bitcoins!

https://www.ebay.com/itm/10Pcs-Gold-Bitcoin-Commemorative-Collectors-Coin-Bit-Coin-is-Gold-Plated-Coin/312023634719?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m2749.l2649

How do they work, do they have a private key engraved?

It so how do you know the designer/maker won’t sweep them?

No key, just a novelty gift. They have no value other then what the receiving party would be prepared to give for it.

[Bitcoinaire]

Damn, this price action doesn't look good.....

[JayJuanGee]

My sell order at $11,700-ish was not triggered

Optimism is not your friend at this point.  

Oh my Rosewater.... I hope you are not going down the pessimism road, again... so easily.

Bitcoin is in a great place in terms of price and overall dynamics, fundamentals and considering which scenarios are more likely and less likely, even if we experience a further price correction from here, we remain in a great place.

This should not b about me being optimistic or too optimistic.

Have you ever invested in an asset, such as bitcoin, that went up 20x in a year, and then corrected down 70% and still is floating pretty solidly at more than 10x from it's starting point from a year ago?  

You are certainly a glass half-full kind of guy, if you cannot figure out some kind of way to at least not be so pessimistic, and getting upset if you believe that others (such as me) are too optimistic.

Further, you seem to have a bit of a desire that somehow either I am wrong in my strategy or my outlook or that I get hurt by my btc trading strategy, but my btc trading strategy prepares for either price direction.. of course, if prices go below $1k, I am not going to be very happy about that kind of a scenario, but I am still going to be o.k. financially, so it is really difficult to hurt me, when my btc portfolio is already set up and prepared for either BTC price direction and even more extreme scenarios than what we have already experienced.

Certainly suicide or any attempts at suicide should be considered a wee bit of an overreaction to this.

What if you're wrong?

It would be very difficult for me to be wrong on this suicide point, and if you are in a suicidal state then you have some real difficulties that are likely in need of more counsel than can be provided in a quasi-anonymous bitcoin talk thread, such as this one.  

Either professional help would be good or maybe completely removing yourself from whatever toxic environment you happen to be in, and maybe getting back to nature or even finding some other reason to live (besides bitcoin if bitcoin what is causing you so much stress) - of course, if you were to have some kind of terminal health condition then that might be another story that is more suitable for hospice care specialist advice rather than counseling with bitcoin market pranksters that are found lurking in these kinds of BTC talk threads.

[bitcoinPsycho]

Damn, this price action doesn't look good.....

unless your buying