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

[Xiaoxiao]

Is there any clear reason why are we going down again ? Why do you call it arb ?

Any guess how low are we going ?

Sells>buys. Whenever i ask my friend what he wants, he says arb... and i throw him a cheddar beef.

https://www.youtube.com/watch?v=5mbHHgLOV2U

[byronbb]

[wendel]

sorry I am pretty new here. Does this chart say that the price will go up?

Thanks

[Xiaoxiao]

sorry I am pretty new here. Does this chart say that the price will go up?

Thanks

The chart only tells about market depth/orders. Price at 666.666 which is a crazy coincidence. Regarding price, it is likely to go down (not based on chart)

[wendel]

sorry I am pretty new here. Does this chart say that the price will go up?

Thanks

The chart only tells about market depth/orders. Price at 666.666 which is a crazy coincidence. Regarding price, it is likely to go down (not based on chart)

ah ok. thank you very much!

[TERA]

sorry I am pretty new here. Does this chart say that the price will go up?

Thanks

The chart only tells about market depth/orders. Price at 666.666 which is a crazy coincidence. Regarding price, it is likely to go down (not based on chart)

ah ok. thank you very much!

Actually the green line is a sideways price chart.

[QuestionAuthority]

sorry I am pretty new here. Does this chart say that the price will go up?

Thanks

The chart only tells about market depth/orders. Price at 666.666 which is a crazy coincidence. Regarding price, it is likely to go down (not based on chart)

Mark of the beastcoin?

So satan

much devil

wow

very demon

[Davyd05]

Well bitcoin has just become a sexy lil tease

[JulieFig]

I've had three friends pull their money out and walk away from bit coin over the past few days.

Well done market makers / manipulators!

Really?   They didn't know going in that this happens?   I am very careful to explain the risks and how these things work to my friends.   Not one is less interested now than they were, which is to say most are quite sorry they didn't buy when I told them they should 

Did your friends lose money?

He lost about 3-4K $... oh well

There was a lady who bought at $1000 posting on this forum who had to take out a loan on their house to buy her first BTC. Kept talking about her dad investing 3000 BTC and trying to convince her to make her first buy. I wonder what happened to her. 

I'm still here . Still reading... Still 'hodling'. I paid $1080 for each of my 11.1 bitcoins and have not sold - I rationalise this like so: bitcoin is only worth as much as someone is willing to pay for it right? And I refuse to sell them for less, which means they are still worth at least $1080 . Ergo, I have lost no money . How's that for a comforting delusion?

That's not delusion, an unrealized loss is not a loss. I wish I had that strength-- if you continue your patience, you will be rewarded like so many else who have held. Hopefully, it's not rent money, and you don't need to touch it for several months or a year.

Mad props for even finding my post. Money is on loan against the house right? Need to calculate loan interest and compare it to BTC EV - Tough call. Good luck to you!!!

Thanks! I did do some calculations before buying the coins - the repayments on the house are so much anyway that a withdrawal of $12k hardly makes a difference (isn't that depressing).

Never really taken a risk like this before, but what the hell right? Besides, after reading about Bitcoin (my research at work took a backseat - oops) it's become a bit of an obsession... I only picked up on your post because I read this damn thread every day and have the bitcoinwisdom tab open all day to monitor the price. It's almost (almost!) worth paying $12k just to be a part of this ride..... well maybe not that much .

[ChartBuddy]

[alexeft]

sorry I am pretty new here. Does this chart say that the price will go up?

Thanks

The chart only tells about market depth/orders. Price at 666.666 which is a crazy coincidence. Regarding price, it is likely to go down (not based on chart)

Mark of the beastcoin?

So satan

much devil

wow

very demon

ROFL!!!

[JorgeStolfi]

The chart only tells about market depth/orders.

I am totally naive about financial analysis, but my basic statistics tools are unable to find any correlation between changes in price and the price's past history.

To be specific, they tell me that the closing price for the next 1-minute period is the last closing price plus a random variable with nearly zero mean.  This variable has no simple (linear) relation with the earlier 1-minute closing prices.  Knowing the last 5 closing prices is as useful as knowing just the last one.

[JulieFig]

I've had three friends pull their money out and walk away from bit coin over the past few days.

Well done market makers / manipulators!

Really?   They didn't know going in that this happens?   I am very careful to explain the risks and how these things work to my friends.   Not one is less interested now than they were, which is to say most are quite sorry they didn't buy when I told them they should 

Did your friends lose money?

He lost about 3-4K $... oh well

There was a lady who bought at $1000 posting on this forum who had to take out a loan on their house to buy her first BTC. Kept talking about her dad investing 3000 BTC and trying to convince her to make her first buy. I wonder what happened to her. 

I'm still here . Still reading... Still 'hodling'. I paid $1080 for each of my 11.1 bitcoins and have not sold - I rationalise this like so: bitcoin is only worth as much as someone is willing to pay for it right? And I refuse to sell them for less, which means they are still worth at least $1080 . Ergo, I have lost no money . How's that for a comforting delusion?

That's not delusion, an unrealized loss is not a loss. I wish I had that strength-- if you continue your patience, you will be rewarded like so many else who have held. Hopefully, it's not rent money, and you don't need to touch it for several months or a year.

That's a great way of putting it. I'm definitely going to use that when one of my anti-Bitcoin friends throws the dropped price in my face -- "An unrealized loss is not a loss."

No, it's not rent money . I tried to abide by the old adage; "Only invest what you can afford to lose." I see that one has been thrown around this forum a lot actually. Easier said than done though I suppose!

[rpietila]

The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.

[Rampion]

I've had three friends pull their money out and walk away from bit coin over the past few days.

Well done market makers / manipulators!

Really?   They didn't know going in that this happens?   I am very careful to explain the risks and how these things work to my friends.   Not one is less interested now than they were, which is to say most are quite sorry they didn't buy when I told them they should  

Did your friends lose money?

He lost about 3-4K $... oh well

There was a lady who bought at $1000 posting on this forum who had to take out a loan on their house to buy her first BTC. Kept talking about her dad investing 3000 BTC and trying to convince her to make her first buy. I wonder what happened to her.  

I'm still here . Still reading... Still 'hodling'. I paid $1080 for each of my 11.1 bitcoins and have not sold - I rationalise this like so: bitcoin is only worth as much as someone is willing to pay for it right? And I refuse to sell them for less, which means they are still worth at least $1080 . Ergo, I have lost no money . How's that for a comforting delusion?

That's not delusion, an unrealized loss is not a loss. I wish I had that strength-- if you continue your patience, you will be rewarded like so many else who have held. Hopefully, it's not rent money, and you don't need to touch it for several months or a year.

Mad props for even finding my post. Money is on loan against the house right? Need to calculate loan interest and compare it to BTC EV - Tough call. Good luck to you!!!

Thanks! I did do some calculations before buying the coins - the repayments on the house are so much anyway that a withdrawal of $12k hardly makes a difference (isn't that depressing).

Never really taken a risk like this before, but what the hell right? Besides, after reading about Bitcoin (my research at work took a backseat - oops) it's become a bit of an obsession... I only picked up on your post because I read this damn thread every day and have the bitcoinwisdom tab open all day to monitor the price. It's almost (almost!) worth paying $12k just to be a part of this ride..... well maybe not that much .

Debt is against my religion - going into debt to make a speculative investment feels so crazy to me that it blows my mind. I guess you US folks are so much in debt that you give zero fucks about going into debt a bit more.

That said, is clear that the average investment for participants in the market is growing. When I bought into BTC, throwing at it $5k was definitely a bold move, and above the average.

As an example, even rpietila, who had experience with gold and silver, bought in with only $10k, which anyhow was way above the average investment at the time he bought in. I guess the rule was:

"throw only play money you can definitely afford to throw to the trash bin; if BTC realizes its potential it will be more than enough".

This is changing fast and newcomers are starting to throw serious money to BTC, taking loans and so forth. That's a dangerous game. During the next boom and bust cycle expect "real life stories" of people who lost everything to BTC because of wrong choices, anxiety and poor understanding of the nature of BTC.

I guess that's what we get with mainstream attention.

[TERA]

Stamp. 

[seleme]

probably the wall guy from few hours ago 

[seleme]

probably the wall guy from few hours ago 

The 2578 wall is new.

the guy who sold 4k earlier.

[windjc]

probably the wall guy from few hours ago 

Well, it's an interesting place to put a wall. Exactly at the point of the last dip. Either he's expecting it to come back to him or he's trying to prop the market.

[seleme]

probably the wall guy from few hours ago 

Well, it's an interesting place to put a wall. Exactly at the point of the last dip. Either he's expecting it to come back to him or he's trying to prop the market.

it's not far away from his sale point though so not sure it's him. That wall would make few dumps to bounce and voila, the price is over of what he sold for.