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

[bones261]

For inspiration.

I type d that tyitle twice because I knew it was wrong the first time.  Still wrong.  w/e.  GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY.  It's because I'm a bad trader and I KNOW I'M A BAD TRADER.  Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro.  Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what?  I'm not part of that group.  When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~!  Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT.  NO SHIT I SHOULD HAVE SOLD.  I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU.  You only sell in a bear market if you are a good day trader or an illusioned noob.  The people inbetween hold.  In a zero-sum game such as this, traders can only take your money if you sell.

so i've had some whiskey
actually on the bottle it's spelled whisky
w/e
sue me
(but only if it's payable in BTC)

https://bitcointalk.org/index.php?topic=375643.0

[Majormax]

If this isn't capitulation, I dont know what is
...

Thousand dollar down 1 hour candle with massive volume.

Now its getting into the range I was guessing at back in January.  

Assuming that BTC is going to survive as the dominant crypto (which I guess is axiomatic for everyone on WO thread) 3k must be near the low for this wave. If its 2k handle, then that is not such a long way off.

Any hodlers that can stand 3k , can stand 2k, they have been through the downwave. The tough bit now is going to be the long wait (and it will be long) before the next real upwave.

Was only a few weeks ago posters were declaring 6400 as the support. Now we would be fortunate to see that level again before the end of next year.

[jonemil24]

Looks like Stan Lee's fans are not yet done weeping. Who's Craig, BTW?

[Ludwig Von]

Owow, now BTC back in the MSN in Belgium...  First time after the end of year ATH when all kind experts came to explain about (d)angerous speculative bubbles and tulips (which are by the way a multi billion business ever since that infameaous event). Now they take a "We told you" stance. Funny. No NOT funny.

[JayJuanGee]

gonna sleep through the rest

into the HODLcave----> initiate accumulationCAVE tomorrow

sleep tight keep on to your precious COINS

There is a bit of tension in these assertions - especially if you assert that the vast majority of your BTC is gotten through gambling winnings - which suggests a cost basis approaching zero, perhaps, so then when you supposedly accumulate more BTC based on bargain prices, then you are paying way more than your basis .. and perhaps using fiat from what?  sold BTC or other means?

You don't need to answer... just a bit of tension in your framework that might be difficult to comprehend for more regular peeps who have other means of accumulating, maintaining, buying and selling their lilie BTCs. .. including motivations that inspire human emotional reactions to their stash's performance.

[goldkingcoiner]

come on man if you gotta have to say something, do it here, and if your account is stolen i'm not the guy to write to.....

go buy some coins and stop wasting my drunk time

already home @the mean time and in need for some hero movie ....

infinity wars again or so maybe the big lebowski who knows

Remembering Mt.Gox makes you an old timer now? Oh shit boys we ancient.

[QuestionAuthority]

Too much negativity in this thread for me and I’m a huge pessimist.

In order to take that price drop seriously, you have to think of the major players secured by Bitcoin over the last year, including Dish Network, Dell Computers, PayPal, Expedia.com, Bloomberg LP and others. Are those not epic votes of confidence? They are not in Bitcoin for the long-term? You have to think that those mainstream players are fairweather friends that would run from Bitcoin based on its price versus the dollar. That Bitcoin has not proven it’s inherent value by attracting these major players as business partners. In other words, you have to be the type of person that looks for every cloud in the sky to not see that Bitcoin is here for the long-term...

In closing, no one said Bitcoin hitting the mainstream would be smooth or easy. Bitcoin is going through some growing pains. But I needn’t go through history to show you how so many of today’s staples have gone through bumps in the road only to come clean out on the other side, stronger than ever. There is too much money invested, too much technology available, too many built-in advantages, and too much corporate and global interest to stop Bitcoin at this point. The Network Effect. Bitcoin must go through this awkward stage, like a pubescent teenager who has outgrown his clothes from last year, before it can mature and become what you expect it to be. Last year, it went from Kid Currency to grown adult, married with children, with no stops in between. Then the market corrected it. And now, the Dollar is having it’s day in the sun. And here we are. This too shall pass.

https://www.ccn.com/bitcoin-price-drop-really-good-news/

[infofront]

Yikes. I haven't been able to peer into this thread much over the long holiday weekend. I see the trolls have been out in full force though.
Deletions Incoming

[JayJuanGee]

If this isn't capitulation, I dont know what is
...

Thousand dollar down 1 hour candle with massive volume.

Now its getting into the range I was guessing at back in January.  

Assuming that BTC is going to survive as the dominant crypto (which I guess is axiomatic for everyone on WO thread) 3k must be near the low for this wave. If its 2k handle, then that is not such a long way off.

Any hodlers that can stand 3k , can stand 2k, they have been through the downwave. The tough bit now is going to be the long wait (and it will be long) before the next real upwave.

Was only a few weeks ago posters were declaring 6400 as the support. Now we would be fortunate to see that level again before the end of next year.

Majormax... I cannot remember your BTC trades since January or so, and maybe you have not described them recently, but I am thinking that an update could be in order or helpful, especially since a lot of market responses can evolve a bit, and most of us don't do absolutley nothing (even though some of us might).

Since this BTC thingie-ma-jiggie seems to be kind of going in the direction that you anticipated (or at least the most likely scenario from your view), did you trade in terms of your predictions .. in some kind of ballpark of selling some BTC towards the top, and buying some BTC back at various increments along the way down?  

Perhaps some of us could become more depressed if we hear too good of a story coming from you, but if you can provide a bit of a descriptor of your various buying, selling, trading actions (and tweaks along the way) that could be educational.. at least in terms of showing what actions you had taken and any mistakes that you might have made, too, besides just saying what you had expected.

 If you did not make any mistakes, then that would be surprising, too.

Also, for instance, if you were to own absolutely no coins (which I don't think has been the case for you), then the weight of your various price predictions would NOT carry much weight or amount to very much because you had not put any kind of stake (or skin) into what you had thought might be the most likely scenario to happen.. so if you had not made any bets, would you agree that your predictions would have been a kind of "so what?", and you happened to kind of get it the direction right (so far).  

I think similarly, if you owned a bunch of BTC at some price point below an average price per BTC of $1k, but you did not anticipate the price going below your buy price, but you did not take any actions at all, then similarly, your predictions would not carry much weight in those kinds of BTC inaction circumstances, either, Am I right?

I am open to be shown to be wrong in terms of how much weight should be given to attempting to act upon any predictions that we make, and I know a lot of people (especially no coiners) make predictions without having any meaningful stake beyond theoretical.

[fabiorem]

Judging by the last posts I read, r0ach is not making any sense.

Did you buy too many bitcoins recently, r0ach? Or did you not, but the temptation to go back is going higher?

Well, bitcoin is going to three digits. We will have to swallow it.

[infofront]

Would you people calm down already. It's almost like this is your first rodeo.

To be fair, it is for most of them. From what I gather, even many veterans of this thread bought their first BTCs during the bear market of 2014-2015. So, this might actually be the first full bear market they've had to endure.

[bitserve]

Fuck, I fell asleep for a few hours and when I wake up we are what? Like 10% more down?

[bitserve]

Would you people calm down already. It's almost like this is your first rodeo.

To be fair, it is for most of them. From what I gather, even many veterans of this thread bought during the bear market of 2014-2015. So, this might actually be the first full bear market they've had to endure.

It wasn't that MUCH money then. The game is the same, but the life-changing amounts not....

[sirazimuth]

You folks all decide to sport matching pretty hats... then bitcoin crashes.
coincidence? I think not..... doooohh

[Ludwig Von]

Yikes. I haven't been able to peer into this thread much over the long holiday weekend. I see the trolls have been out in full force though.
Deletions Incoming

Let them do, as long as we are not completely "Depleted", it is quite some fun reading our epitaph... I now listen to king Crimson 's idea of that... .  

[babanana]

Kinda impressed with how she's trying to hold her head above $3,750.

Figured she'd have dropped to $3,500 by now...

I'm expecting another $800 drop then sideways from $2.5-3k. Little by little take some bitcoins off the manipulators.
They don't have enough btc to make a run but enough btc to cause panic.

[jojo69]

Yikes. I haven't been able to peer into this thread much over the long holiday weekend. I see the trolls have been out in full force though.
Deletions Incoming

oh thank heavens

you have your work cut out for you this time

[estenity]

You folks all decide to sport matching pretty hats... then bitcoin crashes.
coincidence? I think not.....

Well, arguably, we finally have capitulation, so... mission accomplished ?

it seems so.

[Icygreen]

fucking idiots still holding these worthless digital beanie babies.  IT will continue to crash, are you idiots just going to hold to zero?

I'd love to meet you in real life.

I'd love to meet you in real life, V8.









NOT



 

So in a few years your the only WO not coming to the WO elite meet up ?
Ok noted
We Will miss you talk all that text in real life though 

Get real, Micbot.

Have you ever heard of feelings?  Weren't you programmed with such?

There is little chance that emotions of such a BTC price dropping moment, could be reflective of much, beyond current sentiments.

Da Fuc? Does that even make sense?   Oh shit, maybe r0ach is right about JJG?

[gentlemand]

You folks all decide to sport matching pretty hats... then bitcoin crashes.
coincidence? I think not.....

Well, arguably, we finally have capitulation, so... mission accomplished ?

It smells like it's far from mission accomplished to me. Behaviour hasn't changed on this move. It feels like just another breather. Capitulation is a fundamental pivot. It doesn't feel that way yet.

I couldnae care less myself but sooner is less gross than later.