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

[Anon136]

Over 6600 already. $20k here we come.

Nope dude a fake rebond, 80% sure we gonna under 6k$ at the end of the week

Haha how did that work out for him in the movie?

[Dakustaking76]

Caroline already did


Weeeeeeeeeeee

IT was the bottom gents, if they wanted to go lower then iT was already.
But it didnt work out for them

Now


Weeeeeeeeeeee

[fabiorem]

Best analysis at the moment. This bear market is a replay of 2013-2015.

$4800 is a good entry point.

[gembitz]

Over 6600 already. $20k here we come.

Nope dude a fake rebond, 80% sure we gonna under 6k$ at the end of the week

BTCBTC@$7000===> AIM FOR THE HEAD!! * =^)

[Toxic2040]

-snipped-
It's a fucking zoo out there this summer, peeps. Watch out for the monkey poop.

+5 WOsMerits

Nice timing on this post bud...tho 'ol double whammy get em moving everytime..
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I dont like to venture out of my comfort zone(this thread) much other than to gather data..but this post has a good link inside..worth the read imho.

https://bitcointalk.org/index.php?topic=4470655.0

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Just cool...

https://www.rferl.org/a/kyiv-lenin-statue-bitcoin-nakamoto-ukraine/29288728.html

[Phil_S]

$6144 two part betting game.

A) When will $6144 be broken on the way down.

B) When will $6144 be broken back on the way up.

June 8

for both

You were pretty close, jojo. Happened on June 13, for both.

OK, enough of that... Let's go back to $7000, shall we...

It is pretty disturbing for me that anyone is paying attention to my deranged ravings ...that was over a month ago...are you my personal FBI man?

Haha. Don't worry, I was looking at my own posts.

[Harlot]

Over 6600 already. $20k here we come.

Nope dude a fake rebond, 80% sure we gonna under 6k$ at the end of the week

Haha how did that work out for him in the movie?

It did good, as I recall he only lost his bestfriend and then later on turned into a zombies. And he was right to "wait it out until the thing is over" as the army have helped them in a timely fashion. I also remembered that he has a lot of problems along the way but they still have managed to do what he wanted to do, minus the friends and family he only had.

[El duderino_]

Over 6600 already. $20k here we come.

Nope dude a fake rebond, 80% sure we gonna under 6k$ at the end of the week

BTCBTC@$7000===> AIM FOR THE HEAD!! * =^)

^

[El duderino_]

Carolina, please start the engines


 

[Raja_MBZ]

I'm very disheartened today. Lost a major chunk of my bitcoin holdings (almost 0.38 BTC) on Bitmex even though I've been longing since $8000 with just 4x leverage (adding more & more after every dump to average it further down), but still at $6140, I got liquidated. With this, I can pretty much assure that $6140 was actually the bottom. It was only to liquidate me, hard luck. Don't comment that I need to risk only what I can afford to lose, I know that very well, just had some real bad luck (as well as confusion) this time.

For reasons like this, I continue to conclude (personally) that leveraging is not necessary, especially in bitcoin.  In bitcoin we are lucky to experience outrageously stupendous returns, and I we do not need to leverage in order to achieve such outrageously stupendous returns on our investment. 

Accordingly, if you just invest regularly, then the most that you can lose is 100% of what you put in - but if you employ leverage (especially using the margin trade vehicles supplied by exchanges), you not only can lose your 100% more quickly, you also lose it way faster, which causes a kind of magnification that if you employ 4x leverage than you can lose 400% - something like that.  Therefore, I still consider any kind of leveraging to be too far into a "gambling" rather than "investing" category, especially with bitcoin.

That's exactly what I'd like to conclude. It's a total gamble, and I'd not suggest anyone anymore to be a part of leveraging at BitMex. I still can't believe how easily I lost it all just because of a dump which is not even visible on CoinMarketCap (I'd repeat that again - I'm 100% sure & confident that I got liquidated right at the bottom which was $6140). Moreover, when I was about to get liquidated at $6140, I tried to increase the margin further with a little bit of more BTC (which would've increased the liquidation level to $6050 instead of $6140 and I'd have been saved from being liquidated), but effing system of BitMex gave me an error (system overload, try again later). It's not easy for me to just invest more into bitcoin when I've my whole family to support, my education bills to pay and all other hell. It's surely going to take a while to recover from the two recent losses of BitMex and DENT at CoinRail (I highly doubt that I'll get the DENT back from CoinRail, even though they've been telling me to calm down).

A recap:

-Sold my GPT websites network for 919 bitcoins in 2011, used bitcoin as "just another" payment processor. Started saving the dollars at LibertyReserve.com.
-Lost every penny of savings at LibertyReserve.com (this is when I realized that bitcoin could be the future after reading an article at CoinDesk).
-Bought a huge bag of ZCL from my savings in mid-2017 thinking it has gone down by 70%, and can't go further down, but it continued its decline.
-Shilled ZCL in almost all 2017. Gave idea of Bitcoin Private to Rhett, but he said it's "worthless" and he's going to abandon the project of ZCL. I could've developed BTCP on my own if it wasn't for integration of stupid two way replay protection. Sold all ZCL in November at $2 each due to fear of getting it de-listed from Bittrex (as there was no trading volume present). He then introduced my idea of BTCP in December and ZCL skyrocketed to $200. Now John McAfee shills BTCP all the time.

All of this can be considered as a proof that I got my savings liquidated right at the bottom and we won't see bitcoin below $6100 again.

Nice words tweeted by Vinny Lingham:

[JayJuanGee]

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?

The good thing is that at current price is not possible anymore that BTC cut my net worth in half no matter what it does. Or is that a bad thing? I forgot...

Btw, you didn't answer if you finally capitulated and sold everything... even though you sometimes sound as if you did.

I sold bits and pieces. Not enough that I'm not a mountain of regret. TBH

You talk about regret a lot, no?  what purpose does it serve, except to fixate on water under the bridge things that cannot be changed.  The thing that you can do is to take actions from whatever point you are at to attempt to do the best that you can and to hopefully mitigate losses and lessen likelihoods of making the same mistakes that you regret.

Any of us who are HODLers of bitcoin could myopically focus on the same kinds of regrets, no?  But if we took a strategy at $15k or $19k that in our mind balanced the probabilities of UP and DOWN, while we ended up being wrong about those probabilities and DOWN ended up being more pervasive than we thought to be possible, then we could "regret," but what good does that do? except to adjust and to readjust along the way, and hopefully living with our decision while realizing that they are not set in stone at the present, except for in the past when we made them is already gone. 

Even posters like Tera Beara, who have been posting doom and gloom since the inception of her online bitcointalk persona, ends up being largely correct, yet even though she may have been sometimes presenting the odds as really high - even approaching 100%, the fact of the matter is that she did not know.. and maybe she realistically assigned 60% to an idea that I assigned 40%, and she ends up being more correct than me, but so fucking what?  The fact of the matter remains that each of us should be attempting to come up with our best ideas for ourselves, and striving, to the best of our abilities, to tailor our strategies to our views.  The direct investment abilities in Bitcoin allows for such individualization harmonization practices, which is ultimately beautiful, in the event that we can figure out ways NOT to hate and beat up on ourselves.   

[bitserve]

Nice words tweeted by Vinny Lingham:

Which is exactly how all investments are ie. the best time to invest is right in the middle of a crisis and then wait some years until full recovery. It's during those times poors are more concerned about getting enough money to feed their families and avoid eviction than investing.

It has nothing to do with Bitcoin/crypto. I think Vinny is trolling again there.

[Agapios]

Best analysis at the moment. This bear market is a replay of 2013-2015.

$4800 is a good entry point.

i dont know why people thing things will behave on similar patern / way like in past?
but there are 1000s of possible paterns, so one day someone might hit by accident true prediction

[El duderino_]

[Raja_MBZ]

Nice words tweeted by Vinny Lingham:

Which is exactly how all investments are ie. the best time to invest is right in the middle of a crisis and then wait some years until full recovery. It's during those times poors are more concerned about getting enough money to feed their families and avoid eviction than investing.

It has nothing to do with Bitcoin/crypto. I think Vinny is trolling again there.

Yes, you're correct there. It's not just with crypto, however, my major investment has always remained in crypto so I'm looking at that tweet only from crypto-angle.

[infofront]

I'd just like to repost Masterluc's latest long-term forecast, from two months ago.  It looks relevant.

[infofront]

i dont know why people thing things will behave on similar patern / way like in past?
but there are 1000s of possible paterns, so one day someone might hit by accident true prediction

I'll leave you with a few things to ponder:

• TA is a study in human psychology.
• Humans are predictable.
• History doesn't repeat, but it often rhymes.

[RejectedBanana]

Up another $160 and we'll close the week in green. Or at least a doji.

Target: $6782 by Sunday.

[Raja_MBZ]

Check out how volume has increased within last 15 days:



But still pretty low if we compare it with 6th February *pump:

[Gab0]

Nice words tweeted by Vinny Lingham:

Which is exactly how all investments are ie. the best time to invest is right in the middle of a crisis and then wait some years until full recovery. It's during those times poors are more concerned about getting enough money to feed their families and avoid eviction than investing.

It has nothing to do with Bitcoin/crypto. I think Vinny is trolling again there.

I was thinking the same, volatildiad is inherent in the markets. A market without volatility is a fragile market. An artificially stable market is much more damaging to the middle and lower class, since the consequences of a black swan event are always greatly underestimated. Example, crisis of 2008.

On the other hand ... the volatility of bitcoin can be considered a very good opportunity to get money. Many here do it. (Also, it is not considering the entry barriers associated with traditional investments, which generates many more inequalities between rich and poor. With bitcoin no matter how much you invest, no matter where you are in the world, no matter your social class, you are still studying or if you are already retired. With bitcoin anyone can be part of a system that only a few had the privilege to access before)