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

[Majormax]

Are we literally going to $0

Most unlikely. Some alts are, of course.

This is merely a step in the bear market. At least it confirms which pattern we are in. The downtrend is still intact. I was certainly prepared for this, but it is still uncomfortable. The worst part is knowing that there may not be a recovery for a year or two.


There is  long term support at $1500-$2000, but I would not expect it to get there before the middle of next year.

[PoolMinor]

[zazzbg1]

https://imgur.com/a/zzuQWXJ

[podyx]

https://makeagif.com/i/Cgu76v

[bitserve]

It's interesting how even long timers forget how this market works. This is nothing out of the ordinary, just annoying.

The amounts on the table are *WAY* higher than in the past. That's why.

The last time I was under water. This is nothing.

I didn't really mind when I was thousands of $ underwater. I feel badly hurt when I see hundreds of thousands of unrealised profits being vanished in front of my eyes.

[TeeBone]

It's interesting how even long timers forget how this market works. This is nothing out of the ordinary, just annoying.

The amounts on the table are *WAY* higher than in the past. That's why.

Not really. Percentage wise, it dropped more in 15' and 11'.....90%+

[JayJuanGee]

It's interesting how even long timers forget how this market works. This is nothing out of the ordinary, just annoying.

Alright, you know what, fuck it.

I might sound bipolar as fuck but I’m going to the bank now to move cash in so I can buy.

That's the spirit.  Buy dat dip!!!!!!  GET our BTC price going back up. 

I bought some at $45xx-ish and $43xx-ish.. hoping that I am done buying for a bit, but who the fuck knows?

And about 2021 are you thinking about selling early 2021, mid-2021 or late 2021?  or do you have flexibility beyond 2021?  Just wondering?

[bitserve]

It's interesting how even long timers forget how this market works. This is nothing out of the ordinary, just annoying.

The amounts on the table are *WAY* higher than in the past. That's why.

Not really. Percentage wise, it dropped more in 15' and 11'.....90%+

The amounts on the table. Nor percentage wise or anything. The money value. It wasn't play money anymore.

[El duderino_]

And yet many Will fail to actualy buy as they Said they would the infinite pessants

[WinslowIII]

2018 summer is totally missing that huge 2014 summer bounce, I wonder what can be taken from that if anything?

[Ibian]

It's interesting how even long timers forget how this market works. This is nothing out of the ordinary, just annoying.

The amounts on the table are *WAY* higher than in the past. That's why.

Not really. Percentage wise, it dropped more in 15' and 11'.....90%+

The amounts on the table. Nor percentage wise or anything. The money value. It wasn't play money anymore.

Same base money for me. It's all numbers, just treat it like a game. I'm thinking very long term, as in the rest of my life. It has always been sink or swim.

[somac.]

https://imgur.com/a/zzuQWXJ

I know what you mean

[Majormax]

If this drops much further, I am going to have to concede that we are in a 2014 scenario rather than a 2013 scenario...

What ?  You really still think the 2013 scenario is possible ?  


I know we read the charts differently, but surely the 2014 was already confirmed by the length and shape of the downtrend ?  This latest plunge just hammers it home.


I want to see a bounce, I hope for recovery soon, but the realist in me is hunkered down for a 3 year winter.

[Ibian]

If this drops much further, I am going to have to concede that we are in a 2014 scenario rather than a 2013 scenario...

What ?  You really still think the 2013 scenario is possible ?  


I know we read the charts differently, but surely the 2014 was already confirmed by the length and shape of the downtrend ?  This latest plunge just hammers it home.


I want to see a bounce, I hope for recovery soon, but the realist in me is hunkered down for a 3 year winter.

I think it's safe to say at this point that the price is artificially depressed. It won't be 3 years with the halvening coming up.

[bitserve]

If this drops much further, I am going to have to concede that we are in a 2014 scenario rather than a 2013 scenario...

What ?  You really still think the 2013 scenario is possible ?  


I know we read the charts differently, but surely the 2014 was already confirmed by the length and shape of the downtrend ?  This latest plunge just hammers it home.


I want to see a bounce, I hope for recovery soon, but the realist in me is hunkered down for a 3 year winter.

I think it's safe to say at this point that the price is artificially depressed. It won't be 3 years with the halvening coming up.

I think that CSW asshole shorted the market big time before engaging in the ridiculous war against Ver/Jihan. He always knew he couldn't win.

[Majormax]

I think that CSW asshole shorted the market big time before engaging in the ridiculous war against Ver/Jihan. He always knew he couldn't win.

I hope so.  That would mark a proper bottom (but be prepared for the plunge to intensify first). Shorts eventually have to be closed.

[TeeBone]

I think that CSW asshole shorted the market big time before engaging in the ridiculous war against Ver/Jihan. He always knew he couldn't win.

Yep, perhaps that prick pulled a stunt. It does feel different then '15, was more like an organic capitulation back then.

[somac.]

I think that CSW asshole shorted the market big time before engaging in the ridiculous war against Ver/Jihan. He always knew he couldn't win.

wouldn't surprise me, socio/pschopaths like to destroy everything they can't control or win over. If that is the case I take solace in knowing that he will fail. Watch where he is in 10 years, he'll be out of this industry and trying the same shit with another. The guy is a con man.

[JayJuanGee]

If this drops much further, I am going to have to concede that we are in a 2014 scenario rather than a 2013 scenario...

What ?  You really still think the 2013 scenario is possible ?  

You snipped out part of my post in which I attempted to assert that I am possibly coming over to your side, but I am not going to come easily.

Surely, it was disappointed to see $5,800 support break, but the reasons are not bitcoin specific, but still I understand that some of the broader cryptospace can pull BTC prices down, due to froth in the space... but I am still not going to give in and to assume 1-2 years in the doldrums, which a 2014 scenario might reasonably presume.

In other words, yeah.. no two corrections are alike, and I am not even conceding bear market yet, even though bear maket would kind of put us into further downward trajectory, like you suggested into the below $3k arena... which I surely have my doubts that we are going there.. but I might be willing to concede if this current situation does not bounce back sufficiently in the coming weeks.

I know we read the charts differently, but surely the 2014 was already confirmed by the length and shape of the downtrend ?  This latest plunge just hammers it home.

O.k. We read differently, and I don't concede that a previous pattern implies the next pattern either in duration nor in intensity... especially when the way up was different in this 2017 one, too.  In other words, you cannot just begin from the downward point, you have to consider both the upwards slope that got to the top and the downward slope, not just one side of it.

I want to see a bounce, I hope for recovery soon, but the realist in me is hunkered down for a 3 year winter.

I concede  that odds are higher in your direction now, but I am not going to give in, yet.

[JayJuanGee]

If this drops much further, I am going to have to concede that we are in a 2014 scenario rather than a 2013 scenario...

What ?  You really still think the 2013 scenario is possible ?  


I know we read the charts differently, but surely the 2014 was already confirmed by the length and shape of the downtrend ?  This latest plunge just hammers it home.


I want to see a bounce, I hope for recovery soon, but the realist in me is hunkered down for a 3 year winter.

I think it's safe to say at this point that the price is artificially depressed. It won't be 3 years with the halvening coming up.

Actually, yes.  That is another factor.  The halvening.  Surely it is understandable that beartards and shils may want to keep the price down before and after the halvening, but they can only do so much when the new supply shrinks and the effects of that shrinkage is felt, so even if the shills and the beartards are successful keeping (or suppressing) the BTC price for the longest case scenario, they are going to b on the outside of their abilities to accomplish that by late 2020.. so about 2 years would be the most reasonable longest maximum of this bear market, if we were to go into one right now (or confirm  such bear market)