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

[RayX12]

Hodling is depressing in times like this. I didn't feel it hurt so badly in 2014 but probably it is because I hadn't that much money paper profits at stake... Also moving onto other things and not checking the price as I did during that bear market probably helped in comparison.

......

Agreed but if it goes much lower than this I will be buying a lot more BTC by taking a huge loan.... salivating! 

[bitserve]

Hodling is depressing in times like this.... it's my cold wallet that is being brutally hit what concerns me.

Just think about the WinkleVii's or Tim Draper's cold wallet and you'll feel a whole lot better.  

I tried. But it doesn't help. Still having more money than you could probably spend (as such whales do) is not that terrible even if your net worth gets a cut of several hundred millions. Maybe I am wrong, but I don't think they are as much depressed as I am right now.

I keep repeating it but... If we could act as if that $20K peak never happened (so ridiculously soon) I would be pretty happy right now. That's the only thing that helps for me.

I played this past peak much worse than I did the previous (2013) in which I doubled my Bitcoin count. The blame is on me (or my greed).

P.S.: No, not going to break/sell. I can perfectly (and depressedly) ride this thing until ZERO. I am more worried about the amount of profits already (even if temporarily?) lost than what I still have to lose (which is LESS).

[gembitz]

Meta idea: since people are always making price predictions, I was thinking that it'd be cool to add a "Speculation score" number under your posts/merit/activity while in the speculation section, with the score based on some continuously-running price prediction game. I probably don't have time to develop a game like that, though. But if someone else creates it off-site with the necessary APIs, your site could provide the scores for the forum. Anyone want to create it?

Doom isn't really a number. This is why I have such a hard time with the poll we already have.

Doom most certainly is a number.  We just do not know what it is.  In fact it may be a series of numbers.

Calling all ye boiled frogs!

seriously though I don't know if Bitcoin could go to a really low number, just for speculations, even if Bitcoin somehow died you'd want to buy and hold it at a low price due to possible upcoming forks that you'd be able reap rewards from.

bitcoin can go to zero and bitcoin will still be useful lol ~ n00bs NEVER listen!!

[Robin,Hood]

Just think about the WinkleVii's or Tim Draper's cold wallet and you'll feel a whole lot better.  

I tried. But it doesn't help. Still having more money than you could probably spend (as such whales do) is not that terrible even if your net worth gets a cut of several hundred millions. Maybe I am wrong, but I don't think they are as much depressed as I am right now.

Let's try to examine this from another perspective.

Are you still an "accidental multi-millionaire" because of your BTC holdings ?

If Yes, adjust belt-buckle, make sure testicles are comfortable, and chill out for a while.

If No, try to see the bigger picture. 21 Million is a finite number that cannot be changed. Please try to remain patient. HODL on.

It requires determination, skill and technical knowledge to become bitcoin wealthy and not an accident. 
Accidentally you my end up with a winning lottery ticket you bought in a drunken delirium stage.

[Rosewater Foundation]

Hodling is depressing in times like this.... it's my cold wallet that is being brutally hit what concerns me.

Just think about the WinkleVii's or Tim Draper's cold wallet and you'll feel a whole lot better.  

I tried. But it doesn't help. Still having more money than you could probably spend (as such whales do) is not that terrible even if your net worth gets a cut of several hundred millions. Maybe I am wrong, but I don't think they are as much depressed as I am right now.

I keep repeating it but... If we could act as if that $20K peak never happened (so ridiculously soon) I would be pretty happy right now. That's the only thing that helps for me.

I played this past peak much worse than I did the previous (2013) in which I doubled my Bitcoin count. The blame is on me (or my greed).

P.S.: No, not going to break/sell. I can perfectly (and depressedly) ride this thing until ZERO. I am more worried about the amount of profits already (even if temporarily?) lost than what I still have to lose (which is LESS).

Are you really willing to let your current net worth get cut in half? Again?

[cAPSLOCK]

Sold all of my BTC now.
 

This is the end.

A message like this from a "legendary" confirms this really is the bottom.

EDIT: seems like you're a "hero" but how in the world you've more than a thousand merit and still just a Hero?

Pointing out that capitulation comments has confirmed a bottom means we will drop at least another thousand. 

Nice job!

[Wekkel]

We must be near bottom just look at the despair in here holy shit.

Weekly indicators at the bottom. Longer term this is an excellent moment, looking at history, to increase holdings, but in real life it’s always so scary....

One of the usual 3 buy opportunities each year. I already shot my wad.

[STT]

We must be near bottom just look at the despair in here holy shit.

haha true enough, very bullish.   The problem I struggle with here is I only really speak one language, maybe I can ask a few friends to read similarly elsewhere but really I cant tell the world wide sentiment.   That would be an important factor to report if anyone is connected better globally, I think there is too much of an echo chamber effect.   

People repeat what others says without fully or even in any way verifying if its true or with serious grounds.   If every single buyer and seller verified a rumour I guess we'd move alot slower in price then we do.   
I personally just hope the overall population grows, we dont rely on big leverage players on an exchange.   Growth is a ton more genuine when its just some poor person who genuinely thinks BTC is useful and holds a bit, but that person matters because there is a million of them.
Ideally that poor person is getting richer (in a developing country with 10% growth) and BTC is helping them reduce their banking costs, a reciprocally relationship that grows and justifies Bitcoin would be ideal. 

[Globb0]

We must be near bottom just look at the despair in here holy shit.

Do you really see any despair here? a load of guys coming together to chat about womens bottoms?

[gembitz]

We must be near bottom just look at the despair in here holy shit.

Do you really see any despair here? a load of guys coming together to chat about womens bottoms?

 

bitcoin >>> to da moooooooooooooooooon

[ToTheMoon_XOM9IK]

We’re not just here to take part….we’re here to take over.  

[yefi]

Ok. Here's some despair.

I'm not proud to be asking this question, but...

"Does it look like Doug Polk will lose his bet ?"

I'll bet you 0.1 BTC it does go below $6000.

[vit05]

WTF.

I was not expecting another such blow. Definitely something occurred related to government and some people are anticipating. I'm still buying, but it's hard to understand what's going on.

[kludzins]

WTF.

I was not expecting another such blow. Definitely something occurred related to government and some people are anticipating. I'm still buying, but it's hard to understand what's going on.

Yep, strong bears in da room....

[infofront]

Ok. Here's some despair.

I'm not proud to be asking this question, but...

"Does it look like Doug Polk will lose his bet ?"

I'll bet you 0.1 BTC it does go below $6000.

If it doesn't, I will Jello wrestle you for the amusement of JJG.

[blacky90]

you guys think  this was the bottom?

[Tyr808]

Miners won't let the price fall to 5000.
This is only one aspect to the manipulation that’s been going on since September. However if you look at the hash rate, it’s trending upwards, almost parabolically. This is because asic miners are in excess and they can ship them out much faster than last year, when demand was at ATH. Coupled with strange miner confidence in bitcoin which I cannot explain. Even if you ignore hashrate increase, assume miners do not leave bitcoin, and look at the price vs. block difficulty by the end of the year, profitability approaches 0 in all cases from 7500-10000. If miners switch, it can alleviate this pressure, but who will be leaving and who can afford to weather this storm currently? Big farms are more economical than small miners. It seems like an effort to weed out small miners and their coins, while centralizing mining, all while they can make money by liquidating people on longs/shorts. If it wasn’t a manipulated market I wouldn’t believe this, but it seems likely. I welcome regulations and investigations into market manipulation. After all, exchanges are the only ones who can see real volume.

[LFC_Bitcoin]

Ok. Here's some despair.

I'm not proud to be asking this question, but...

"Does it look like Doug Polk will lose his bet ?"

I'll bet you 0.1 BTC it does go below $6000.

I would not be making that bet right now

We are in free fall.

[STT]

The smartest bet of all, I will bet 13 btc on it not going to zero.    I think I'm hedged on that one, at some point I'm perfectly right either way :p

All kidding aside, I think BTC markets do love to slide to both extremes and of course the whales or however you view exchange volume they want the bigger splash not the indifferent hesitation of a price doing little in either direction which is more risky over time to take part in then catching a wave up or down.

If you want a distraction, I would look at US dollar.   With US treasury bond rate yields rising, it should put the pressure on lots of alternative holdings.   USD has seen some strength recently, I dont know if the NPK agreement today was helping in forming a positive trend to dollar.  Ultimately I think it declines but short term it appears stronger, the peak actually being in early 2017 in anticipation with the reality being deficit spending, weakness, etc.


I dont really rate costs as a determiner of prices, that would apply if we had a relationship of production falling off or increasing on higher prices. BTC doesnt operate like that, like a mined metal would hence bigger spikes up and more volatility then many markets

[Wekkel]

We are in free fall.

Good. Let ‘r rip and be done with this correction.