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

[Torque]

No worries folks! I took one for the team.
Sold the hot wallet stash to add to my pm stack.So price will be heading north again shortly.
 JM Bullion accepts bitcoin, just not from Coinbase. WTF is that all about?
Hadda move it to Electrum. PITA!! 
Oh well, now I got a shiny new Britania Gold coin to play tiddlywinks with.
Can't do that with Bitcoin!   Hey Roachy-poachy, did I do good?  lol

Good on you. I don't think gold will stay under 1300 for long.

What did you get, a 1 oz.?

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[Majormax]

Are we going to re-test $6,000? :/

The trend is down, and needs a proper base to reverse. If it can happen quickly , then the bounce might be more substantial. However my fear is that the slow bleed takes a few months, and would then turn into an extended bear market. Slope of Hope. That scenario indicates the 2500 low is possible in 2 years.

The alternative is a quick carnage in a drop to 5500-6000 (within a month , say) and a proper floor established there. Optimistic case is the new uptrend can make 15k inside a year.

The conclusion is we don't want a weak rise right from here.

[JayJuanGee]

I seriously may be buying one of these today, I need a ledger to add to my Hardware wallet collection regardless.

If I wouldn’t have one, I’d definitely wait for 28th May and buy limited edition one. Especially for collection.

I prefer the ease of use of the Trezor interface a bit better.

For some reason, the Ledger Nano S has a buggy interface... Perhaps they have fixed their issues, or perhaps they are working on making their interface less clunky?  I do like the idea of a special pizza edition... a great and respectfully marketed contribution.

[Gab0]

I seriously may be buying one of these today, I need a ledger to add to my Hardware wallet collection regardless.

If I wouldn’t have one, I’d definitely wait for 28th May and buy limited edition one. Especially for collection.

I prefer the ease of use of the Trezor interface a bit better.

For some reason, the Ledger Nano S has a buggy interface... Perhaps they have fixed their issues, or perhaps they are working on making their interface less clunky?  I do like the idea of a special pizza edition... a great and respectfully marketed contribution.

 

https://www.ledger.fr/2018/02/23/announcing-new-ledger-wallet-desktop-mobile-applications/

[buyandhold]

https://hackernoon.com/thumb-sucking-anti-bitcoiners-da7fcaad05c9
@Beautyon_ slogging it now.

[JayJuanGee]

ugh. its heading for 8k attack again.

.

Are we going to re-test $6,000? :/

No worries folks! I took one for the team.
Sold the hot wallet stash to add to my pm stack.So price will be heading north again shortly.
 JM Bullion accepts bitcoin, just not from Coinbase. WTF is that all about?
Hadda move it to Electrum. PITA!! 
Oh well, now I got a shiny new Britania Gold coin to play tiddlywinks with.
Can't do that with Bitcoin!   Hey Roachy-poachy, did I do good?  lol

It would be nice if you were just joking, but for some reason I am concluding that you may have carried out this weak hand move...   Shock me and tell me that I am merely unable to recognize a proper joke?   

[JayJuanGee]

Here's an interesting observation I made

there's a support trend line that dates back to October and has 6 touches ever since then, and the recent drops to 6k and 6.6k line up perfectly with it - if the price heads down towards it these days they'd meet around 6900


this is the weekly timechart btw
https://screenshotscdn.firefoxusercontent.com/images/a8c106a1-bda7-4214-bacd-e458ee6410a6.png

For some strange reason, I get the sense that you are just guessing.  

Perhaps if you were to post some of your factual insights and analysis a bit more frequently in this thread, then I might start to become more convinced that you are "on to something?"   

[buyandhold]

[JayJuanGee]

I seriously may be buying one of these today, I need a ledger to add to my Hardware wallet collection regardless.

If I wouldn’t have one, I’d definitely wait for 28th May and buy limited edition one. Especially for collection.

I prefer the ease of use of the Trezor interface a bit better.

For some reason, the Ledger Nano S has a buggy interface... Perhaps they have fixed their issues, or perhaps they are working on making their interface less clunky?  I do like the idea of a special pizza edition... a great and respectfully marketed contribution.

 

https://www.ledger.fr/2018/02/23/announcing-new-ledger-wallet-desktop-mobile-applications/

Thanks.  I believe that I may have read that article previously, but I also may have forgotten about such upcoming release, because i am still using the chrome app, and it appears that the dedicated desktop release of their new app is supposed to be within a month or so, since we are getting close to the end of Q2, 2018, right? 

Hopefully, we will see some improvements when the dedicated app comes out.

[Torque]

Clearly based on the price, people the world over are buying pizzas today with bitcoin. 

[RewFrew]

Those bitcoin dumps turned to be very boring.

It is not a normal behavior market dumps.

Wake me up when this bullshit stop.

[d_eddie]

How low will we go? 8k is breached, about 7870 at the moment.
I've got some cash at last. Wouldn't mind to get some moar, even without hoping to do so at the bottom - which isn't reasonable, as we all know. Rather, I could start a fresh 2J-ladder near a local low.

In the meantime, my hedge short has payed off some along the way. Play money nearly doubled. Part of the short still stands, as an insurance agains 5k. Liquidation price is over 100k.

[infofront]

Yes let's herd all the crackpot loop-de-doos into one action-packed thread.

Where the hell have you been? This thread has been packed with the crème de la crème crackpots and nutjobs for 5+ years.

[JayJuanGee]

ugh. its heading for 8k attack again.

.

Are we going to re-test $6,000? :/

No worries folks! I took one for the team.
Sold the hot wallet stash to add to my pm stack.So price will be heading north again shortly.
 JM Bullion accepts bitcoin, just not from Coinbase. WTF is that all about?
Hadda move it to Electrum. PITA!!  
Oh well, now I got a shiny new Britania Gold coin to play tiddlywinks with.
Can't do that with Bitcoin!   Hey Roachy-poachy, did I do good?  lol

It would be nice if you were just joking, but for some reason I am concluding that you may have carried out this weak hand move...   Shock me and tell me that I am merely unable to recognize a proper joke?    

Either way no biggie, if it was just an ounce not a big deal just probably a small part of his stash I can't see anyone sellinga majority of their crypto for gold.

Actually, your point about proportionality is very true; however, I think that I am attempting to make a slightly different point, and part of my thinking and ongoing BTC strategy is that if we have been in bitcoin for a while, then we should be attempting to plan ahead, which is to sell bitcoin as the price goes up and buy  BTC as the price goes down...

 For some reason, I am continuing to think of our current situation as a going down situation, rather than a going up situation.. even though we did have lows of $5,920 in early February and lows of $6,440 in early April.

So the question of whether BTC prices are currently going up or down would depend upon some of our own personal buy/sell actions, so for example if guys (and gal) were to have stocked up a bit more BTC during those early February and early April BTC price dips, then these peeps might still consider BTC prices to be going up from those lower price points, yet our most recent BTC price movements have been largely down from $9,950 in early May, so I suppose I am a bit bothered if guys (and gal) are selling BTC when the price is going down from $9,950 to presently below $8k because of that recent BTC price direction seems to be the current one that justifies either buying or HODLing... So, yeah, in my thinking should justify either buying or HODLing rather than selling (unless you largely immediately replace any sold BTC proportions).

On the other hand, I do recognize that some well trained HODLing guys and gal have differing strategies, but when sirazimuth posted, he seems to be conceding that his choice to buy gold constitutes a bit of bad timing and deviation from best practices, and perhaps admitted capitulation, even if the overall quantity of capitulation was not very LARGE in the full scheme of things.  From my perspective, sirazimuth still seems to be conceding that he is acting against what he believes to be the better (best) practices in the BTC HODL camp... so that is part of the reason for my seemingly holier than thou and projected sadness lecture in his direction.    

Your making me post this response makes me so sad that I can hardly take it any more.  Rosewater, you have any suggestions about how to handle these kinds of tough times in btclandia?

[Torque]

Wondering if someone got lucky and dumped 12.5 BTC today... but they'll regret it later.

https://twitter.com/redtheminer/status/998489540913315846?s=12

 

[Paashaas]

Nice, Bitrefill passed 1 BTC in payments received through the Lightning network.

2035 nodes (and rising)on the mainnet.

Slow growth but steady

[JayJuanGee]

Nice, Bitrefill passed 1 BTC in payments received through the Lightning network.

2035 nodes (and rising)on the mainnet.

Slow growth but steady

It's so beautiful!

[RoomBot]

Looks like we're heading due south at the mo, who's selling right now?

Users around the world bought pizza today with BTC  

[RoomBot]

ugh. its heading for 8k attack again.

.

Are we going to re-test $6,000? :/

No worries folks! I took one for the team.
Sold the hot wallet stash to add to my pm stack.So price will be heading north again shortly.
 JM Bullion accepts bitcoin, just not from Coinbase. WTF is that all about?
Hadda move it to Electrum. PITA!!  
Oh well, now I got a shiny new Britania Gold coin to play tiddlywinks with.
Can't do that with Bitcoin!   Hey Roachy-poachy, did I do good?  lol

SWEET!
Hope it's a 1 ounce babe like this and not a profile of the Queen.



And I hope it was a BRITANNIA and not a "Britania" coin!  Haha  #BCoin  

[Searing]

Bitcorn. Why you gotta be so boring ?

This dip is total weaksauce.

Make it stop! $7944 BTC! FML!