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

[fragout]

Ok, at this rate, I'm starting to wonder if I pull my BTC off the exchange and back into my wallet. Something tells me I'm not selling BTC before end of March.

This is starting to look like a downright apocalyptic shakeout.

On a slightly more positive note. The order book is looking much more bullish on stamp today. +$30 million on the buy side compared to yesterday. 1000 btc to $8100 and 1000btc to $10k.
I know this fluctuates quickly and I am probably grabbing at straws but at least the ammo is there if a quick reversal occurs

[SidETH]

Time to bring out the 2 word post again.

Well fuck.

[HairyMaclairy]

Bcash lol is $948 so I think that’s delightful.  

And I’m rich again....

[afbitcoins]

Which is the trend bull or bear?

[SidETH]

Bcash lol is $948 so I think that’s delightful.  

And I’m rich again....

You carry a thin line between being poor and being rich
I'm deadbroke poor compared to January. But rich as fuck compared to June last year.
Problem is, January is fresher in the memory than June

[luckygenough56]

it's a W

[SidETH]

it's a W

Looks more like a hanging dick to me

[HairyMaclairy]

You need to understand.  Every time it goes under $8700 I’m poor again which means I will be rich but when it goes over $8700 I’m rich again which means I will be poor.  And I’ve been rich and poor five times today and trust me, rich is better except it means you are going to be poor which is worse so it’s better to be poor and worse to be rich.    

[Ivor Biggun]

I think that there will be 12-24 months of slow bleed, that will have these little sharp upward spikes that the sheep will repeatedly call  "reversals".
This is how you get the sheep excited enough to stay in the market while you do the shearing. History will repeat itself.

You are quite correct.

A good indicator that the bear market is still on track, is the number of posters who think the opposite and maintain faith that the price will rise.

The idea that most of us get it wrong is utter rubbish. Most of us are certain bitcoin will rocket up to $50k within a week, and $100k within two weeks. The majority are obviously right. How can we possibly get it wrong?

[Last of the V8s]

Ok, at this rate, I'm starting to wonder if I pull my BTC off the exchange and back into my wallet. Something tells me I'm not selling BTC before end of March.

This is starting to look like a downright apocalyptic shakeout.

It is llamageddon out there, and it might go so low that an exchange or two 'gets hacked', so yes, your coins are miles safer in your own hands.

[HairyMaclairy]

There’s FUD floating around about delayed withdrawals on HitBTC.  Interpret that as you like.

[dmwardjr]

[pacman7331]

dude

you're fucked

It seems like almost any of us can get tempted into selling a bunch of BTC when the price is dropping so fast..

When it is happening, it seems like no bottom, and after about the third or fourth leg down, you can become so fucking tempted to sell - and that frequently can end up being the bottom.

But, yep, could be that the bottom is in.. .  I hope so.  Probably we need to wait for 20 more hours or so, just to be clear that all of the dumpers have had their dumping go at it... and to ensure we are actually done with the dumping, this time around.

Currently, i do have a sense that the dumping is not over, yet.. but what do I know?   

Actually i never feel like selling when its going down. I feel like HODL. I only feel like selling if I’m green. Red? I’d rather die. I’ve done it before and i’m never. Ever. Doing it again.

[Anon136]

Selling under 10k. Sheeeeeeeeeeeet that’s not good. Why do such a thing?

Well again bitcoin is a small part of my portfolio. But because every technical indicator is flashing red. No I'm not a big believer in technical analysis. But when ALL of them signal red at the same time. Well that's not great. Basically that up trend we were all enjoying since the beginning of February is completely obliterated. Signaling that this is was all a protracted bull-trap and the trend from before February is the real trend. Additionally you should understand that 9,000 dollars is a GREAT price for me. The 9,000 that is depressing to you is god damn amazing to me. It is beyond what was even my even most fanciful wildest dream. Look at my account profile. I've been here since 2010. This profit that I just took is enough to retire on. If I leave it in bitcoin maybe it goes really really low and I have no retirement, I have to go get a damned job.

Sounds like you are rationalizing away your lack of foresight.  If it had been so great to sell a bit of your holdings, you had a lot of opportunities to sell on the way up and considerably above $10k...

Now you are just spreading bullshit and selling on the way down in a whimpy and whiny and rationalizing way.  Trying to justify it with us, for what reason?   Do you want others to follow?  Get the fuck out of here.    Take your profits, and be happy, don't try to speak out of both sides of your mouth in an attempt to get guys to do the opposite of what they should be doing.

Haha maybe that's all true on some sub conscious level. Boy, you're a prickly little fella aren't ya?

[Last of the V8s]

Come on whales, we need to test lower lows. Or is that all you've got?

Shit guys now we've got pansy whales.

[SidETH]

Actually i never feel like selling when its going down. I feel like HODL. I only feel like selling if I’m green. Red? I’d rather die. I’ve done it before and i’m never. Ever. Doing it again.

Been there, done that. We should start a club.

[pacman7331]

Come on whales, we need to test lower lows. Or is that all you've got?

Shit guys now we've got pansy whales.

Whales are just as bad as central banks imho.
We need a decentralized crypto solution to whales.
Call it Ahab coin.

[pacman7331]

Actually i never feel like selling when its going down. I feel like HODL. I only feel like selling if I’m green. Red? I’d rather die. I’ve done it before and i’m never. Ever. Doing it again.

Been there, done that. We should start a club.

Well the rest of us have real jobs. We’re actually adding value to crypto, not just trading like a parasite off the market to pay our bills like fucking losers cuz we can’t get a legitimate paycheck.

[sirazimuth]

Looks like that pesky cockroach infestation is back, right on schedule.....
Who’d a thunk?

[Tzupy]

You need to understand.  Every time it goes under $8700 I’m poor again which means I will be rich but when it goes over $8700 I’m rich again which means I will be poor.  And I’ve been rich and poor five times today and trust me, rich is better except it means you are going to be poor which is worse so it’s better to be poor and worse to be rich.    

I hope you didn't try to catch a falling knife (I know, it's not falling very hard, but still...) with a leveraged long?