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

[rafanadal]

No FOMO until 7000 or 8000

this is some weak shit, not impressed.

Looks to me that all those artificial gains from 2016/2017 will be erased
we're going back to 500-600 $

OK M8

Where is the contradiction?

[Totscha]

No FOMO until 7000 or 8000

this is some weak shit, not impressed.

Looks to me that all those artificial gains from 2016/2017 will be erased
we're going back to 500-600 $

OK M8

Where is the contradiction?

No contradiction. It's just a 'no bears allowed day', that's all

[d_eddie]

I, too, think we're not done yet. I'm still optimistic medium term - and very optimistic long term.

[Globb0]

[Last of the V8s]

https://www.cnbc.com/2018/11/28/fed-warns-that-particularly-large-plunge-in-asset-prices-is-possible-if-risks-materialize.html
https://www.federalreserve.gov/publications/files/financial-stability-report-201811.pdf
An escalation in trade tensions, geopolitical uncertainty, or other adverse shocks could lead to a decline in investor appetite for risks in general.
The resulting drop in asset prices might be particularly large, given that valuations appear elevated relative to historical levels.
(There's also a brief, pointless mention of crypto-assets, as if that meant anything.)

Since when did the fed warn of potential drops in such terms?

[QuestionAuthority]

https://www.cnbc.com/2018/11/28/fed-warns-that-particularly-large-plunge-in-asset-prices-is-possible-if-risks-materialize.html
https://www.federalreserve.gov/publications/files/financial-stability-report-201811.pdf
An escalation in trade tensions, geopolitical uncertainty, or other adverse shocks could lead to a decline in investor appetite for risks in general.
The resulting drop in asset prices might be particularly large, given that valuations appear elevated relative to historical levels.
(There's also a brief, pointless mention of crypto-assets, as if that meant anything.)

Since when did the fed warn of potential drops in such terms?

Good, fuck em. They’re leveraged up to their ass and they’re going to crash hard. The US debt has been ridiculous for a long time. Fortunately, they don’t control the whole world. They just think they do.

[LFC_Bitcoin]

No FOMO until 7000 or 8000

this is some weak shit, not impressed.

Looks to me that all those artificial gains from 2016/2017 will be erased
we're going back to 500-600 $

OK M8

Where is the contradiction?

We’re going back to $500 - $600?

Want to place a bet on that?

[JimboToronto]

Good morning Bitcoinland.

Nice to see prices coming north with me... currently $4244USD/$5660CAD (Bitcoinaverage).

Glad I bought yesterday. Thank you Bitcoin.

Or maybe it's this:

Good morning Bitcoinland. Back in the frosty north with my mouthful of titanium.

Thank god. Jimbo's back from the sunny climes. Bitcoin can stop crashing now.

Lawl. I wish I had the power to move markets.

Sorry. I've gotta get by on common sense and an unflinching refusal to get stressed out by anything, including Bitcoin prices.

Life's too short so sweat the small change, even if it's a considerable amount of money.

[DeathAngel]

Good to see some positivity in here today. We’re all good after the halvening or even as it approaches so chill out and enjoy the ride guys. Anything below 10k is cheap, bears will get rekt in about 6 months as we transition into the next bull market.

[yefi]

Can't believe some folk were doubting the bounce. When was the last time bitcoin lost nearly half its price in a couple of weeks and didn't bounce?

They're all busy pretending they wouldn't bang all 4 of those girls for obscure reasons, it's like a damn episode of Seinfeld.

Whatever helps them take their mind off reaching for that shameful gym sock once more.

[TheCactus]

Can't believe some folk were doubting the bounce.

 

[Wilhelm]

Classic HotRod reversal pattern 

[empowering]

Can't believe some folk were doubting the bounce. When was the last time bitcoin lost nearly half its price in a couple of weeks and didn't bounce?

They're all busy pretending they wouldn't bang all 4 of those girls for obscure reasons, it's like a damn episode of Seinfeld.

Whatever helps them take their made off reaching for that shameful gym sock once more.

Dude I think everyone would hit every one of them, especially if that booty was literally filled with red jello.

FTFY

[Last of the V8s]

https://home.treasury.gov/news/press-releases/sm556
Treasury Designates Iran-Based Financial Facilitators of Malicious Cyber Activity and for the First Time Identifies Associated Digital Currency Addresses
Yanks pick on Persians again.

[Wolf Rainer]

The correction is still going on, this is just a small bounce.

[kronos123]

When everyone starts to see red and blood, it means that we really got to the bottom; in the last days, two illustrious names have joined the long line of announcers of death:

Martin Armstrong
https://www.armstrongeconomics.com/world-news/cryptocurrency/bitcoin-the-end-of-cryptocurrencies/

Edward Snowden
https://www.ccn.com/bitcoin-wont-last-but-crypto-is-here-to-stay-edward-snowden/

Personally I voted for Bitcoin over $ 5000 on December 15 because he overbought too short and must download a few weeks, but I think he will do a last lunge in February-March 2019 before starting a new cycle.

[empowering]

Can't believe some folk were doubting the bounce. When was the last time bitcoin lost nearly half its price in a couple of weeks and didn't bounce?

Not doubting the bounce...a relief rally, short squeeze, a bull trap, I expect all of those... just cannot help but think we will still come down to retest this recent bottom... maybe in a few days, a week or a few weeks,  or even a few months, and don't get me wrong I bought a few at $3500 for the first time in over a year, but I still think we are coming down to retest the $3500 region.. if it is defended a 2nd time, and the volumes are nice I think we have a chance at a bounce, but I also kind of think we could break it and head to £3150 ish  and test that region... ultimately I want to see a snappy bottom, that triggers my buy orders, and a healthy bounce with volume... this bottom feels soggy to me.

It could be we just end up with a soggy bottom and sideways in a range for a while...  or it could be in hindsight a few months down the line I look back at the chart and say, wow that actually was a nice v shaped recovery with volume when viewed zoomed out and what an idiot... but after the recent price action and trend, and the ferocity of the recent dumps, I would much rather have added at $3500 and be on the outside looking in, than fomoing and then watching it fall past $3000, live to fight another day as they say.

This is BTC so I could be and wouldn't mind being wrong, and things could change, but put it this way I am very happy to have saved plenty of dry ammo... I am happy with the state of play and am unsure the gruelling down trend is quite over with yet.  

Depressive I know...

Midterm and long term I'm bullish AF thou

[Last of the V8s]

https://home.treasury.gov/news/press-releases/sm556
Treasury Designates Iran-Based Financial Facilitators of Malicious Cyber Activity and for the First Time Identifies Associated Digital Currency Addresses
Yanks pick on Persians again.

Fuck those Ransom ware fuck faces I'm happy they were caught.

It's a government attack on bitcoin fungibility. The implications are yuge.

[El duderino_]

LFC......

a bounce, a liverpool win ... could be a great evening  (would you need anymore then those 2things? )

haha hope they win though

come BTC give us a fine bounce for mental recovery

[LFC_Bitcoin]

LFC......

a bounce, a liverpool win ... could be a great evening  (would you need anymore then those 2things? )

haha hope they win though

come BTC give us a fine bounce for mental recovery

If you asked me what I want in life for today (things that are realistic) then they’re honestly the 2 things I’d pick.