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

[Torque]

Hey quick, someone get Novogratz on the phone!

I think we need another (3rd?) bottom call, lol.  

[d_eddie]

I believe BCH was the main catalyst at least. But by no means the only factor.

1.
2.
3.
4.
5.

My conclusion and prediction:

-
-
-
 Not a good sign.

I have no idea how this unwinds.  But that won't stop me from speculating.

A.
B.
I give A/B chances at 65/35 for fundamental reasons.  This is not 2014.  A lot of smart rich people have figured out exactly what bitcoin is this time around.

(Dear Lord... I feel like I turned into JJG)

Get the fuck out of here with this apparent pretense of being using some kind of self-defined wordy prose just to be able to claim any kind of pretense at being in the vicinity JJG-ness within 63.5-72.2%. Even using numbers and probability. Tsk.

[realr0ach]

Hey quick, someone get Novogratz on the phone!

I think we need another (3rd?) bottom call, lol.  

He was probably the main person dumping while tweeting it's the bottom.

[PoolMinor]

Why the hell isn't XRP tanking like others?

Because, it is truly the next bitcoin.

Because they created 100 Billion of them but only distributed 40 billion. Lots of centralization and not mine-able.

[somac.]

Why the hell isn't XRP tanking like others?

Because, it is truly the next bitcoin.

Because they created 100 Billion of them but only distributed 40 billion. Lots of centralization and not mine-able.

Every now and again I consider changing what is my most hated shitcoin. But ripple always maintains the title.

[JayJuanGee]

At least no one is saying to buy the dip... Not sure if that is good or bad though.

They are not?

You believe that we are in a falling knife situation?

There are probably several of us who participate in this thread who have engaged in plenty of attempts to catch the falling knife that don't seem to work very well in the short-run, but in the longer run, they have tended to pay off.

Even if we go down from here, as I type, we are still more than 18x up from our largely $250 price floating point from 2015.

Even if the value of the BTC portfolio of many of us is likely less than 18x up, we are still in  a not too bad place.

I am still buying the dip... but I am starting to feel a little bit like how I felt in September 2017... remember when the BTC price dropped below $3k, and such price drop seemed to have gone below $3k quite rapidly and beyond expectations.

Gosh, gosh, gosh.  $3k possible again, or would a drop below $5k cause a similar feeling as the drop in september 2017?

[JayJuanGee]

I am newbie but really love to be involved here for perspective of learning as I have too much information and understanding from here no other thread providing this with fun and enjoy  

Welcome!!!!


Do you have any BTC or plans to buy? 

Do you trade BTC or plan to merely HODL or SODL?

Do you love any of the alts (I mean shit coins)?

Provide us some context. 

Which parts of this thread is interesting: substantive discussions, the troll posts or something else?  hahahahhahaa

[marcus_of_augustus]

buying the dips is for noobs, short-termers and suckers ...

... round here we accumulate bottoms ...
 
and hats.

[goldkingcoiner]

At least no one is saying to buy the dip... Not sure if that is good or bad though.

They are not?

You believe that we are in a falling knife situation?

There are probably several of us who participate in this thread who have engaged in plenty of attempts to catch the falling knife that don't seem to work very well in the short-run, but in the longer run, they have tended to pay off.

Even if we go down from here, as I type, we are still more than 18x up from our largely $250 price floating point from 2015.

Even if the value of the BTC portfolio of many of us is likely less than 18x up, we are still in  a not too bad place.

I am still buying the dip... but I am starting to feel a little bit like how I felt in September 2017... remember when the BTC price dropped below $3k, and such price drop seemed to have gone below $3k quite rapidly and beyond expectations.

Gosh, gosh, gosh.  $3k possible again, or would a drop below $5k cause a similar feeling as the drop in september 2017?

The falling knife is usually caught quickly. We have been lingering at the bottom of the dip for too long. Too suspicious. Waiting for the CCI to get into the positive. Choppiness index and BB are my favorite reliable indicators for breakouts. And both are pointing south. Not good. Bull traps ahead.

[BayAreaCoins]

Do we panic sell yet?

[yefi]

Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.

Bitstamp's hack was relatively small potatoes, they only lost like 19K BTC. Finex was also the largest exchange according to Bitcoinity.

[zazzbg1]

https://i.ebayimg.com/images/g/C~4AAOSwRQxaVLNM/s-l300.jpg

[somac.]

The falling knife is usually caught quickly. We have been lingering at the bottom of the dip for too long. Too suspicious. Waiting for the CCI to get into the positive. Choppiness index and BB are my favorite reliable indicators for breakouts. And both are pointing south. Not good. Bull traps ahead.

Exactly. This lingering is a real problem I think it seems to mean that the sellers are done for now, but there are no buyers at this price, so will eventually go down again when more sellers arrive

[bitserve]

At least no one is saying to buy the dip... Not sure if that is good or bad though.

They are not?

You believe that we are in a falling knife situation?

There are probably several of us who participate in this thread who have engaged in plenty of attempts to catch the falling knife that don't seem to work very well in the short-run, but in the longer run, they have tended to pay off.

Even if we go down from here, as I type, we are still more than 18x up from our largely $250 price floating point from 2015.

Even if the value of the BTC portfolio of many of us is likely less than 18x up, we are still in  a not too bad place.

I am still buying the dip... but I am starting to feel a little bit like how I felt in September 2017... remember when the BTC price dropped below $3k, and such price drop seemed to have gone below $3k quite rapidly and beyond expectations.

Gosh, gosh, gosh.  $3k possible again, or would a drop below $5k cause a similar feeling as the drop in september 2017?

Yes, the september 2017 dump was UGLY.

Unfortunately I already got my hands badly cut from the falling knifes. And not much remaining (trading) FIAT anyways.

I am tempted to set some limit orders for all the remaining or even market buy and forget about Bitcoin for a long while as I did during most of 2014 and 2015. It paid off to be honest.

What can I say, your methodical plan of selling on the way up has proven much more effective than mine. I messed all up when I kept reducing the amount of trading until a point where I was trading with less than 5-10% of my total "cold" stash. My trades were not bad overall but what difference did I expect to make with that little proportion?

[jojo69]

I said before, I am of the opinion that 4650 will hold.

[d_eddie]

The only thing that goes up is Lightning  

 

I hate to sound paranoid... but it's hard when the world is burning like this... but...

Has anyone considered this could be the overture to an attack?

Which one? The rise of LN or crash of price?

LN will stay irrelevant as long as merchants don't adopt it. Its disconnection from the banking system makes rebalancing channels quite hard - a nightmare, the detractors would say. If it busts open due to some bug or exploit, the engaged funds will be lost/stolen. If it holds, it's tantamount to some sort of fuzzy cloud wallet, hostile to tracing by design. Both the alternatives can be attack vectors.

[somac.]

I said before, I am of the opinion that 4650 will hold.

Still confident?

[JayJuanGee]

I appreciate the recognition; however, during times like these, it is difficult for anyone to feel smart - even while the alt coins seem to be faring worse than bitcoin.

....

No worries mate, you gave me my first merit as well, thanks for that too!

Look at me now, all grown up, wearing the hat and looking important 'n' shit.

Sometimes I suggest to newer posters (in this thread, or other forum threads) that it might take a bit of time to either fit in or for members to kind of get to know you or your angle on things and respond to your posts (good, bad or ugly) or more recently to give merits, but generally if members attempt to learn, share and stay active, then sooner or later they will find various niches that hopefully works for them.... 

A bit surprising how long the hat phenomena has lasted, but there has been some decent hat momentum and stick-with-it-ness to the hat-thingie-ma-jiggie, at least so far... and even has inspired merit distribution -- good, bad, ugly or otherwise?   

By the way, it seems that I had one or two sell orders fill in the $5,600 price area, so I felt kind 0.k.. to have the subsequent buy orders filling in the supra $5k arena... so yeah, any of us can become either irritated or a bit bothered when BTC prices are dropping further and faster than we expected, and there remain questions about the bottom.... NO one really wants the bears or the shills to be correct with the sub $3k targets.. but sometimes, reversals will happen quite a bit before those waiting it out will get rewarded.

[jojo69]

Fresh from Masterluc Telegram:

Google translation:

...

In general, the correction is delayed by a little more than a year. The alarmists will be left without pants, and enky will soon go to Long. And I do nothing. As always

[d_eddie]

IF YOU ARE CATCHING UP WITH THIS THREAD
Here's the best summary of the last 15-20 pages.

-honey badger  got eaten by a bear
-is crypto dead?
-the next 24 hours are critical
-not gentlemen
-oh noes... my bitcorns
-btfd
-<meme of man jumping out window>
-not lamb chops
-stolfi or wtf his name was...
-<meme of crashing train>
-<meme of roller coaster down>
-<meme of bawling girl>
-<meme of wile e coyote crashing rocket>
-resident troll creaming his jeans
-lots of mcg posts
-wordyman
etc
etc
etc...(and hats)