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

[JayJuanGee]

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.

Maybe you have trained yourself into being a kind of bot?   hahahahahha

Very difficult to keep emotions out of trading... even when you know better...   Always very tempting to sell on the way down and to buy on the way up, which is the opposite of what peeps should be doing when they want to be profitable with a long term bullish asset, such as bitcoin.

[1714079999]

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[1714079999]

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[HairyMaclairy]

Till we get to 11k again and the mt. gox trustee dumps (500 million down ...1.5 billion to go!) this could get really really old a yo/yo from say 11k to 8k rollercoaster......

ADDED:

here is the link

https://www.newsbtc.com/2018/03/09/trustee-triggers-second-major-bitcoin-price-crash-related-to-mt-gox/

Totally agree which is why I have stopped trading.  There’s no established trend to work with.  Good for bots and ladders but those have their own risks. 

[jojo69]

why did we stop after 2 nukes again?

wat

Smug ass Nipponese legal shenanigans are pissing me right the fuck off.

[Rosewater Foundation]

why did we stop after 2 nukes again?

wat

Smug ass Nipponese legal shenanigans are pissing me right the fuck off.

It's possible the man just didn't realize the carnage he was unleashing.

[Rosewater Foundation]

Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??

No. You seem to be in league with plenty of other whining scared ninnies.

If he dumps, there will be a downturn. Then he will be incapable of further dumping. And Bitcoin will resume its destined upward climb.

Can you get inside his head? Sure, if you can get inside his head, you can sell (relatively) high and rebuy at the nadir. Can you bribe him? No? Then the only known winning strategy is hodl.

I don't whine, you shitcoin shill. I hodl, and I complainl. It's a strategy.

[Last of the V8s]

Till we get to 11k again and the mt. gox trustee dumps (500 million down ...1.5 billion to go!) this could get really really old a yo/yo from say 11k to 8k rollercoaster......
ADDED:
here is the link
https://www.newsbtc.com/2018/03/09/trustee-triggers-second-major-bitcoin-price-crash-related-to-mt-gox/

The spin on that article is criminally fud-dy. Yesterday's news served up as if it might happen today.

[JayJuanGee]

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?

There is no need for diminutive in order for you to respond to the substance of my assertions.  I have nothing against you, but you do seem to be posting some unnecessary and contradictory nonsense in recent days that seems to be motivated to get folks to do the wrong thing (which is panic sell) based on some possible personal, and not even completely rational decision that you supposedly made to sell.  It's not about me being supposedly prickly, but instead about what the hell reason do you have for posting such seeming provocations?

[JayJuanGee]

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.

I don't see any need to denigrate people who may have found various ways to make money other than your own chosen way.

Yes, there certainly are valid criticisms of financial sector employment, but some of the systematic incentives should not necessarily be held against all individuals who partake in such kind of employment, even though some personalities or types of traders might be more annoying than other types.

I do like to refer to traditional banking institution manipulators as fucktards, so maybe I am contradicting myself to some degree when I attempt to suggest that there are quite a variety of traders and they should not all be lumped together and opposed to your profession (whatever that may be).

[Toxic2040]

We have a real battle for the close of the daily candle. Are the Bull or the Bears going to take it home this weekend?

Look at this beautiful fractal butterfly.

[mymenace]

Whens the next dump kobayashi

[El duderino_]

Breaking 24777$ prediction game      FINAL LIST       

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12/02/2019 FractalUniverse
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20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK         common stay in 5-digits make us happy and slowly go to LIST target    also thanks for the Smerits from time to time   
                                                                                                                                                          maybe not the most technical post this list but nice to see its apriciated by many of you 
                                                                                                                                                           

[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.

I don't see any need to denigrate people who may have found various ways to make money other than your own chosen way.

Yes, there certainly are valid criticisms of financial sector employment, but some of the systematic incentives should not necessarily be held against all individuals who partake in such kind of employment, even though some personalities or types of traders might be more annoying than other types.

I do like to refer to traditional banking institution manipulators as fucktards, so maybe I am contradicting myself to some degree when I attempt to suggest that there are quite a variety of traders and they should not all be lumped together and opposed to your profession (whatever that may be).

Look at it this way: do you want bitcoin or not? If you do buy, if you don’t sell. But make a choice. I can underetand wanting more fiat in order to get more bitcoin. But using bitcoin to get fiat, is kinda missing the point. 100% trading isn’t good for the market either with your money or time. Its not good for the economy, we need to be producing something of value in the umwelt to increase the value of our coin investments. If we are worthless, so is our bitcoin. Bitcoin can’t be an economy of basement dwellers and whales.

[JayJuanGee]

There may be a more decent market incentive to shake some the altcoin and ICO trash.

As can be seen by the Bitcoin Dominance figure, this seems to be happening to some extent.

Sometimes we can see this kind of dynamic in the total coinmarket cap, and then we might get a kind of false sense that "it's happening" this time for sure, and then suddenly the alts and ICOs get pumped again.

Maybe this time it is for real?  Even though ICOs and alts have been getting quite a bit of negative press recently, there still seem to be a lot of gullible peeps out there who are willing to buy into "supposedly cheaper" coins.

I think that I need a quite a long death spiral before I believe that the alts are not going to just parasite their way back onto any bitcoin recovery that might happen in the near future.  in other words, it really seems that we might need a kind of long term blood in the streets before the parasites will release their grip on our bitcoin host... and I am not referring to bcash here as even close to serving as an arguable "host", because I consider them to be included in the parasite camp.

[Rosewater Foundation]

[Last of the V8s]

The fact that bitcoin is sound money trumps everything; adoption, payment networks, umwelts, all these buzzwords newcomers bandy.
This shit is real money and it will absorb all the capital there is, with or without us.

[scum]

The fact that bitcoin is sound money trumps everything; adoption, payment networks, umwelts, all these buzzwords newcomers bandy.
This shit is real money and it will absorb all the capital there is, with or without us.

This illustrates how sound bitcoin is as money.




It was posted earlier on, but the more people see it the better.

[infofront]

There may be a more decent market incentive to shake some the altcoin and ICO trash.

As can be seen by the Bitcoin Dominance figure, this seems to be happening to some extent.

Sometimes we can see this kind of dynamic in the total coinmarket cap, and then we might get a kind of false sense that "it's happening" this time for sure, and then suddenly the alts and ICOs get pumped again.

Maybe this time it is for real?  Even though ICOs and alts have been getting quite a bit of negative press recently, there still seem to be a lot of gullible peeps out there who are willing to buy into "supposedly cheaper" coins.

I think that I need a quite a long death spiral before I believe that the alts are not going to just parasite their way back onto any bitcoin recovery that might happen in the near future.  in other words, it really seems that we might need a kind of long term blood in the streets before the parasites will release their grip on our bitcoin host... and I am not referring to bcash here as even close to serving as an arguable "host", because I consider them to be included in the parasite camp.

I think the more prolonged the bear market, the more potential for bitcoin to gain vs. the alts. BTC is better positioned to win a brutal war of attrition in which new resources coming in are limited.

Without new kids bringing their allowance and lunch money into the market every day, hoping fpr a "10 bagger", Dentacoin and Electroneum will fade away. Ethereum and Bcash may fare better, but their market shares will slip significantly vs. the master.

[Torque]

Without new kids bringing their allowance and lunch money into the market every day, hoping fpr a "10 bagger", Dentacoin and Electroneum will fade away. Ethereum and Bcash may fare better, but their market shares will slip significantly vs. the master.

Or how about these crypto kiddies actually doing some reading to discover why Bitcoin was invented in the first place?

It certainly had nothing to do with it being a sure "10 bagger". It had to do with changing the world.

None of their shitcoins come even close to such aspirations (nor will they ever be used for anything. Like ever.)

I could have a whole portfolio full of penny stocks, but the likelihood of any of them being the next Google or Amazon is still zero.

[Biodom]

BTC is better positioned to win a brutal war of attrition in which new resources coming in are limited.

Giant sequoias actually require periodic fires to get rid of the inhibiting underbrush and provide some minerals for growth.
They do bare scars though, but it does not prevent their growth.

[Last of the V8s]

@whatbitcoindid Mar 8 https://twitter.com/whatbitcoindid/status/971820165347397633

#FUD needs a nemesis.
I give you #COD - Certainty, Optimism and Determination.