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

[RejectedBanana]

Daily volume needs to double or triple before the end of the day to turn this into a legitimate support bounce.

Might need to breach $6000 again to do it.

Still an unbelievable amount of wishy-washiness going on:

Anyone who bought in at less than $1000, this is still too expensive to buy MOAR.

Anyone who bought in from $1000 to $5000 has trigger fingers hovering over the sell button.

Anyone who bought in from $5000 to $10,000 is probably paralyzed with indecision. Should I buy or should I sell now?

Anyone who bought in from $10,000 to $20,000 is spinning on the floor blowing snot bubbles out their nose from tears of disbelief while their girlfriends/sig others/parents are trying to figure out how to panic sell for them.

Anyone who bought in at less than $100 is probably sipping on a cocktail, contemplating either the lambo or the speedboat this weekend.

[HI-TEC99]

Can you link me the tweet link. I want to retweet that tweet!

https://twitter.com/GregSchoen/status/70261648811761665

[Paashaas]

I had Bogdanoff on the phone this morning, he confirmed a ''relief'' pump to manage damage control.

[Anon136]

Oh my god. That literally made me queasy.

[conspirosphere.tk]

Let's just make a poll about what John is gonna eat in 2020.

I guess that many would like to chop his dick at this time.

[vapourminer]

Most of us bought many coins below $1000. This is fucking annoying, sure.

bought coins under 1k?? jeeze i SOLD most of mine under (as in WAY under) 1k  over the tears. of course having gotten most of my coins ~2011-2012 is a plus.

edit: typo - tears should be years but it fits so ill leave it.

[conspirosphere.tk]

I had Bogdanoff on the phone this morning, he confirmed a ''relief'' pump to manage damage control.

https://i.imgur.com/y2IRngT.png

Yes, probably this weekend is a good buy time for at least a small bounce next week or so.

[infofront]

The poll has been changed! Here are the March poll results:

[ivomm]

I don't think there is any panic in the market.   Everyone is realizing that some whale is selling desparately with the hope to convince the traders there is absolutely positively no manipulation. So far utter disaster for him/her. The volume is so low that probably with the exception of this whale no one is selling. Hodlers can't be tricked so easily. The next halvening is at the corner and even if the price falls temporarily under 7K, in less than 2 years the traders will start to buy in preparation of the halvening. After that the pressure on the price will be much lighter (only 900 BTC per day, vs 1800 now) and for another 1-2 years BTC will be heading to 50-100K.   But let's see what the bulls are preparing for this April. This whale is risking unwisely to be left behind with hudreds of millions loss, if we have a continuous upward trend like in April and May 2017.

[Spaceman_Spiff_Original]

I don't think there is any panic in the market.   Everyone is realizing that some whale is selling desparately with the hope to convince the traders there is absolutely positively no manipulation. So far utter disaster for him/her. The volume is so low that probably with the exception of this whale no one is selling. Hodlers can't be tricked so easily. The next halvening is at the corner and even if the price falls temporarily under 7K, in less than 2 years the traders will start to buy in preparation of the halvening. After that the pressure on the price will be much lighter (only 900 BTC per day, vs 1800 now) and for another 1-2 years BTC will be heading to 50-100K.   But let's see what the bulls are preparing for this April. This whale is risking unwisely to be left behind with hudreds of millions loss, if we have a continuous upward trend like in April and May 2017.

Ah yes, the magical single entity that explains everything.  Seems quite ingrained in human psychology.

I do hold your belief that we will go to 50-100k too though  .

[greensheep]

If you are not sure  then watch this and then make your own conclusions.
This guy is very very good!

https://www.youtube.com/watch?v=8kmJwbJ3MVg&feature=em-uploademail

He seems really sure indeed --> W bottom incoming
"If you're a holder, come back in july" ;-)

[savetherainforest]

I Think this... and i don't want change BTC for FIAT but FIAT for BTC ... thanks for this down-price  

I am ready!!!    




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

[cofefeGandalf]

I don't like how there's like no desperation at all, way to many hodlers. Thats not how capitulation is supposed to work.  

Let your hope go already, I want my moon back!

[pera]

I don't like how there's like no desperation at all, way to many hodlers. Thats not how capitulation is supposed to work. 

Because we still are months away from that point

[RejectedBanana]

I don't like how there's like no desperation at all, way to many hodlers. Thats not how capitulation is supposed to work.  

Let your hope go already, I want my moon back!

Shitcoiners, who got us into this mess, have every reason to be desperate. Go check out their forums.

Bitcoiner OGs, the Bogdanoff bros got our back, yo.

[Majormax]

Daily volume needs to double or triple before the end of the day to turn this into a legitimate support bounce.

Might need to breach $6000 again to do it.



Anyone who bought in at less than $1000, this is still too expensive to buy MOAR.

Anyone who bought in from $1000 to $5000 has trigger fingers hovering over the sell button.

Good explanation as to why this has lower to go, more time to go, and nowhere near enough volume. Lots of ups and downs, false drops and rallies to come in the next year or so.

[Majormax]

I don't like how there's like no desperation at all, way to many hodlers. Thats not how capitulation is supposed to work.  

Because we still are months away from that point

Could even be a year or two.

Still way too much hope, too much anger at the forecasts of lower prices.

At the final low, there will have been capitulation, resignation, and full acceptance of the bear market.

[Majormax]

The price action becomes clear and obvious, if you treat the last 6 months rise and fall as the exception.

If price had simply risen from $3000 in Sept to $4000 now, the bull trend would still be intact.

Price just went too far too fast.

[Majormax]

Bitcoin price $6650 and falling.
..........

the more the dump = the better the jump

Just hodl.

Agree, but I would add :

1. Be prepared to see much lower prices. It is possible, but not certain.

2.  Sell enough to make you less fearful of a big drop  (irrespective of your cost level)

[Vlada69]

The poll has been changed! Here are the March poll results:

I am the one in ten...

UB40 song...