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

[LFC_Bitcoin]

$5265

Going down AGAIN FFS

Edit - $5186

Why would anybody be dumping now

[Mugtaiya]

I see $5200 right on the nose for preev.

It shouldn't last.
Its a Monday so stockmakets will open in the US a couple of hours from now and all will be gravy again.

Back to high $5500 by the time you wake up.

[PoolMinor]

[RealMachasm]

I miss Carolina.

[mike4001_]

This is really hard to watch.

And to be honest: Who would buy in a market like that.

We are constantly falling since January. You basically know, if you buy now, it will be worth less in one month.

[JayJuanGee]

Ya ok..........and all the people were saying we will never see bitcoin below 15k again, and then we will never see bitcoin below 10k again.  and it already nearly hit 5k.  

1500 is still a high amount considering where bitcoin started from and how many people got in under $10.   Bitcoin does havfe a use, acts as a digital bearer bond and you are in complete control of your money.  Well the thing is the majority of people (over 99%) don't care about any of this and would rather use a bank.  I used to be a strong believer but this whole thing is just another dot.com crash all over again but without the rebound.

Doesn't mt gox still have a bunch of coins to dump?

Also there is a very real threat of Satoshi's 1 million bitcoins.  Who the hell knows what will happen and maybe he will dump those eventually.

Why you sounding so desperate, Dig Bicks?

You can predict $1,500 without coming off as so desperate, can't you?   Back it up a little, rather than just giving catastrophic pie in the sky scenarios.  If the only way that you can get BTC to $1,500 is by presenting some pie in the sky issue, such as satoshi is dumping his coins, then you don't got much, right?

[JayJuanGee]

1500 is still a high amount considering where bitcoin started from and how many people got in under $10.

So... ok... how many? Do you know the number, and where did you get it from?
I really doubt there is any considerable number of such people now, as there were so many temptations to sell them in the way to $100, $1000, $10000 and so on.

No, seriously, this is an interesting question: does anyone here know somebody who got their bitcoins under $10 and still holds them?
Or may be better way to ask the same - do you know anybody who spent less that $10 per Bitcoin they own currently?
There are many oldtimers in this thread, so I assume this is a one of the best places to ask this question.

My initial first couple of Bitcoins were bought for 100€ (in total). But my average price (cost) per Bitcoin is around $1000.

This is more realistic, if guys (and gal) are really accounting for their various costs in holding bitcoin.  Even if they may have gotten good numbers of coins under $100 or even under $10, they are still going to have some coins that raise their average.  And the vast majority of the bell curve will be with longer term holders with average cost per BTC in the $500 to $1000 range... of course, outliers in any bell curve, too.

[El duderino_]

This is really hard to watch.

And to be honest: Who would buy in a market like that.

We are constantly falling since January. You basically know, if you buy now, it will be worth less in one month.

You had the same thoughts from when it went from 1k to 160$.......?

With BTC you just need to know what you buy and stand behind your own personal decission, its as easy as that.
When you have 1k-10k-100k its always just the Same take a % of what you willing to risk and go on it, Some Guys are in 10% others are all in , yeah just gotta do where you feel comfortable with

[JayJuanGee]

Nicely set up technical break out. First breaking weak downward green trendline then snapping through long term blue downward trend line.  Unfortunately this is a bear market so break out not sustained.

The super long term trend line from $2 (shown in purple sloping upwards) was not challenged.  I think the purple line will be very hard to break from the downside.  I think we will never break it again.  Fortunately it is moving very fast and will be in the stratosphere within a month so no concern of ours.

the fact we have not had any major bouncebacks smells like another sideways for the coming weeks. Even with such a nice RSI.... :/ Any thoughts on if this might be another prelude to an imminent drop? I feel like MACD is looking too suspiciously positioned. Its going to do another 180° and plummet with the next bollinger contraction and breakout into the dirt.

Even though there seems to be some value extraction in the Bcash space, there is a decent amount of value extraction going on with ETH and some of the ETH related coins, too.

If there is room to shake some more HODLers of those various shitcoins, then why not..

I would also like the BTC price to go up from here, but sometimes, it is just necessary to wait for a bit more shaking out... and if the resistance / support remains easier to break downwards, then I suppose that is where we are more likely to go... absent some white knight whale savior.. which never seems to come when you need them.

[El duderino_]

$5265

Going down AGAIN FFS

Edit - $5186

Why would anybody be dumping now

Because they just are mean motherF***ers and Maybe hatless peoples

[Hexah]

First time...

[mOgliE]

This is really hard to watch.

And to be honest: Who would buy in a market like that.

We are constantly falling since January. You basically know, if you buy now, it will be worth less in one month.

You had the same thoughts from when it went from 1k to 160$.......?

With BTC you just need to know what you buy and stand behind your own personal decission, its as easy as that.
When you have 1k-10k-100k its always just the Same take a % of what you willing to risk and go on it, Some Guys are in 10% others are all in , yeah just gotta do where you feel comfortable with

'Xactly

Thing is that people are still confused thinking that btc has some kind of internal value that you can evaluate... But that's completely dumb. Btc is a digital asset that has the exact value of: number of btc available/amount of money people are willing to put inside this market.
That's all. There is no internal value in btc so price up or down means nothing except that noone wants to invest new $ in this market right now and that btc are kept produced...

Wait a couple years IMHO. We need fresh new people wanting in. We're mostly old folks around, we're more waiting to sell than "in" the technology for most of us I'd say.

[Lanziem]

Because they just are mean motherF***ers and Maybe hatless peoples

And also, maybe hairless people with a tons of money.

[mindrust]

[Icygreen]

Just curious, at what price would an institution make an OTC purchase (if that's actually happening)?  Would it be higher or lower than exchange prices.    

[Ludwig Von]

$5265

Going down AGAIN FFS

Edit - $5186

Why would anybody be dumping now

Because they just are mean motherF***ers and Maybe hatless peoples

I feel like loosing more than only my hat... .

[Lowryy]

This is really hard to watch.

And to be honest: Who would buy in a market like that.

We are constantly falling since January. You basically know, if you buy now, it will be worth less in one month.

That's why it's called "capitulation". Bigger the despair, bigger the probability that we hit the bottom.

Who the fuck is selling at these prices.

If I buy now, I'd like to know who is on the other side of my trade...

[mindrust]

Who the fuck is selling at these prices.

People who bought below $1000.

[LFC_Bitcoin]

Who the fuck is selling at these prices.

People who bought below $1000.

I bought all of mine under $600.

I didn’t sell at $20,000 so no way am I selling now. In hindsight I should have sold at the last ATH but I want to wait for $50,000 per coin.

[mindrust]

Who the fuck is selling at these prices.

People who bought below $1000.

I bought all of mine under $600.

I didn’t sell at $20,000 so no way am I selling now. In hindsight I should have sold at the last ATH but I want to wait for $50,000 per coin.

Also depends on how many you bought. If you bought 5 coins from $600, you can wait till it hits $50k. That's a sensible move.

What if you bought 100coins from $600? You would be carrying x20 more risk now. And if it looks like it is going to go down in the upcoming weeks, (tbh it looks like it) it just makes sense to unload your risk.

I am not talking about long term. I too bought some from $1k 2k and $3k. Also bought from $8k, 12k and 15k.  Didn't sell at $20k won't sell till I acquire my target networth. To accomplish this, I expect the price to be between $50-100k. That's a different scenario.

There are people who aren't long term hodlers but only interested in short term speculation. That's why btc does these crazy swings.

I can tolerate my $50k to go as low as $10k. No biggie. But I wouldn't so cool about it If my networth screen was showing $500k and about to be $200k in a few days.