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

[Anon136]

I’m not going anywhere.   I’ve got another 5 years of hold in me. At least.  As I have said many times before, I will be accumulating sub $5k if we get there and very aggressively should we approach 2014 Gox ATH.  

The only way $1200 is possible if bitcoin would be on the way to it's death.
Buying in that situation would be a wrong move.

Only if I notice that my Twitter feed has run dry and no one is posting here anymore. If there is still a somewhat active community, BTC is not truly dead. Even if the price is terribly low.

Don't forget https://trends.google.com/trends/explore?q=bitcoin very useful tool as well.

Still not seeing a capitulation candle.

When was the US stock market capitulation candle during the 1929-1932 Depression?
The correct answer is NEVER.
Those who sold at the bottom of Black Tuesday in 1929 actually got a very decent price.

It's more useful as a positive indicator than a negative one. When you see one the price is almost certainly about to reverse, how ever the absence of one doesn't mean it isn't going to reverse. Looking back at the history of bitcoin we see them ~50% of the time.

[Elwar]

Been busy SCUBA diving in Tahiti. Noticed the price is down a little. Locals wanting to buy from me. Me telling them I don't sell the dip. Will have to hold off on pocket money for a few.

[Anon136]

Been busy SCUBA diving in Tahiti. Noticed the price is down a little. Locals wanting to buy from me. Me telling them I don't sell the dip. Will have to hold off on pocket money for a few.

Wow an old face. Cool to see someone from so long ago still around.

[infofront]

Been busy SCUBA diving in Tahiti. Noticed the price is down a little. Locals wanting to buy from me. Me telling them I don't sell the dip. Will have to hold off on pocket money for a few.

Haha. The life of an OG Hodler.

[ivomm]

Jan, Feb, March 2017 - oscillating between 800 and 1200$. April, May, June 2017 - jump to 3000$.
Jan, Feb, March 2018 - oscillating between 8000 and 12000$. April, May, June 2018 - jump to 30000$?

Don't forget that all bears tend to turn magically into bulls from time to time. Especially when they feel the market is in the desperation phase.  

[blacky90]

Buying now is a good idea?

[Lontonbit]

Buying now is a good idea?

It's the best time time ever

[smileflowers]

it's a good time to buy bitcoin

[Anon136]

Buying now is a good idea?

Personally, I would wait for either a capitulation candle or a reversal of the MACD on the 1 day chart. It's dangerous to try to catch a falling knife. Better to wait for some solid sign of a trend reversal. Sure you will miss the bottom that way, but not by a lot, and atleast you wont get wrecked by further decline. We could easily be on our way to five or six thousand. Remember, 5k, the previous high before the run up to 20k, never got tested. All that said, buying now is definitely a better idea than not buying at all, if those were the options. Well thats my 2 satoshis anyway.

[TERA2]

As far as you said AMA, I am really curious of your MBTI personality type. Are you INTJ or INTP (my guess)? Or something else? Is just for my curiousity, you seem to be quite an interesting person.

INTJ

I have Lyme as well (((

Bitcoiner genocide confirmed.

[Elwar]

An interesting thing happened on the lower volume Thai exchange when the price was coming down. Someone bought all of the bitcoins. All orders were filled. I saw 600k baht orders go through (very small amounts). That's about 20k USD. I am not sure if someone fat fingered it but then the price dropped down to around 200k baht.

Fortunately I had put in a small sell for my gf at 397k baht a while back so she could take money out for rent. When the price stopped rising around 340k I told her to keep the order there and use some other money. I told her the bitcoin price is like the weather in Michigan, if you don't like it right now just wait a bit.

[HairyMaclairy]

Long / short ratio continues to decline to 1.37 / 1.   It’s fairly ugly out there in Twitter land.  

Not sure if I can call the weeekend bottom at $8428 on BFX?  It’s shallower than predicted and not particularly special volume.  Risks remain to the downside, we may revisit that recent bottom quite quickly.  Currently $8740.

Sounds like a fat finger Elwar or someone with some money to hide in a hurry.  

Edit:  Nano is getting forkedpeeled.  It’s called Banano and you mine them by playing Donkey Kong style game....

[moneyForjam]

Buying now is a good idea?

Yes. Its a good time to buy this coming week

[SamsungBitcoin]

Buying now is a good idea?

Buy and hold

[Elwar]

Sounds like a fat finger Elwar or someone with some money to hide in a hurry.  

Yep. Checked again price shot up to 2800000. Price was around 280000 at the time.

 

Tdax.com

[HairyMaclairy]

Crap.  When your limit orders are market orders....

[Globb0]

Good work bitcoin.  You have accomplished your purpose of herding all the noobs into imaginary, valueless tokens while the state rigs the price of silver and gold low while buying it all as a form of stealth confiscation.  Now 99% of the population will be penniless slaves after the reset as planned.

<MTG Arabian Nights MtG Booster Box>

I have a sealed box of Revised Edition Boosters I bought for $99 back in the day.

About shit myself a few months back when I saw they are now selling for over $2000.

He even sounds like a member of the WO thread. See how the price forecast rises and rises lol   

https://www.youtube.com/watch?v=o63DLorqB9c

[HairyMaclairy]

So I’m seeing widespread capitulation across the market today.

But I’m not smart enough to know what it means yet.  

[rhamzter]

Been busy SCUBA diving in Tahiti. Noticed the price is down a little. Locals wanting to buy from me. Me telling them I don't sell the dip. Will have to hold off on pocket money for a few.

Nice just hold and believe that price will increase sooner.

Buying now is a good idea?

Personally, I would wait for either a capitulation candle or a reversal of the MACD on the 1 day chart. It's dangerous to try to catch a falling knife. Better to wait for some solid sign of a trend reversal. Sure you will miss the bottom that way, but not by a lot, and atleast you wont get wrecked by further decline. We could easily be on our way to five or six thousand. Remember, 5k, the previous high before the run up to 20k, never got tested. All that said, buying now is definitely a better idea than not buying at all, if those were the options. Well thats my 2 satoshis anyway.

We respect any decisions, me I just want to buy some amount of coins because I know that whatever happen to cryptos it will recover for the certain time.

I know I was not too much bright in terms of prediction but I believe to my hunches.

[bluebits]

Im probably leaving the market within a week in my final distribution. AMA

My original questions were not fun, leaving is about style. NEW QUESTION DECK:


>Preferred method for swatting away the guilt of self enrichment on the backs of people who call even when shown the nuts?

>Recommended approach for those too dumb to win trading on their own yet greedy/rich enough to stick with it?

>Most reliable future indicator that ETH clowns have accepted it was all an illusion?