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

[Kylapoiss]

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me 

You must be a full member to wear the hat, meaning activity of 120 and a 100 merits. So it will take some time.

[virtual2018]

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me 

You must be a full member to wear the hat, meaning activity of 120 and a 100 merits. So it will take some time.

Thanks bro!
I think that after a strong rally this month, the market will need a period of consolidation that will last for months and is accompanied by the steady growth of the major technical currencies.

[Arriemoller]

Bitcoin was created as a reaction to the latest recession, but have always worked in a continuous uptrend.
A recession might make bitcoin a place to run to when stocks and shares go down, in that case price will go up. Or bitcoin might be what you sell to make ends meet when your stock and shares are down, in which case the price will go down.

we simply do not know how bitcoin works in a recession, it might not reach any new ATH until the recession is over.

I agree we don't know how it will work exactly, but my hunch is a recession will drag it down since it is seen as an "extremely high risk" investment. This is the category of investment most likely to tank first in a stock market crash. For the longest time there was no correlation between BTC and stock market movement but that began to change last year when Wall Street started moving in.

Bitcoin only has the potential to be a safe haven investment compared to the dollar if in response to a new crash the feds begin a new game of QE that makes the last one look like Little League. Otherwise the dollar is the go-to investment during a recession.

I like my new hat by the way, fits pretty comfortably.

I too think it will tank, but I also think it will recover faster than the stock market. What worries me is that we might get a very long crypto winter.
If we do get another spike before the coming recession I will sell most of my stash, and buy back in the recession low, which might come to be an epic low.

How are you going to know that the next BTC spike is temporary?  All spikes are temporary or they are not spikes.
How you going to know if BTC prices are going to correlate with the stock market?  I never said I knew that.
How you going to know when to buy back your BTC, if you do sell "most of your stash?"  I will have to make a educated guess.

By the way, if your stash is less than 1 BTC, then maybe it does not matter too much, even though you should still take incremental measures rather than betting on what seems to be a pretty weak theory, at least from what I have read from you so far. Nice try, I'm not telling you how big my stash is, and I don't know what "theory" you are referring to, The world economy goes in bust/boom cycles, that's a fact, if that's what you are referring to.

Part of the seeming craziness of your plan is that you are planning to bet BIG on further BTC down, even though BTC is currently in about a 80% correction area, but you seem to be expecting a decent amount of more down... yet the better gamble would seem to cautious about how much moar down is likely to happen when there has already been about 80% down.

Bitcoin also goes in cycles, of course there will be a down after the next boom.

[El duderino_]

The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market. 

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price. 

Very good thinking. Most ppl concentrate on price, and it is important to get away from the herd ideas.

If bottom is in early/mid 2019, that would put the next high around 2021-2.  Hunker down is in order. Better to find something else to think about for a couple years !

a HAT for you perhaps, XhomerX can fit something on everybody

[El duderino_]

The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market. 

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price. 

Very good thinking. Most ppl concentrate on price, and it is important to get away from the herd ideas.

If bottom is in early/mid 2019, that would put the next high around 2021-2.  Hunker down is in order. Better to find something else to think about for a couple years !

Even if this possible scenario were to come true, wouldn't there be a way to profit from such scenario, rather than going away for "a couple of years"?

Wouldn't we want to attempt to buy more on the way down to the bottom in early to mid 2019?  And of course, there might be other actions that can be taken, too.

Certainly, I am not against any kind of attempt to plan a more passive approach to BTC investing, yet it seems that there is only a certain amount of confidence that can be put into any scenario, even the most likely of scenarios, and further it seems that even the most likely of scenarios never really end up playing out - unless the specifics are really broad and just an outline of real long term likelihoods.

thats something i really like, the moment when all scenarios are pointing one direction, then its very possible for BTC to do the total opposite

[El duderino_]

Even if this possible scenario were to come true, wouldn't there be a way to profit from such scenario, rather than going away for "a couple of years"?

Wouldn't we want to attempt to buy more on the way down to the bottom in early to mid 2019?  And of course, there might be other actions that can be taken, too.

Yes, thats the theory. Very few ppl would be able to successfully call the right timings and price. ..but good luck to anyone that goes for it.

Not tying to put ppl off, just pointing out that passive hodling is the safe strategy: you only have to make one correct call  , and that is  'The price of BTC is still in a long term uptrend'  (could just possibly be wrong, but the odds are at least in your favour).

The reality is that only a minority actually make much profit from trading, most is made from hodling.

i can fully support, follow that, mostly cause i'm not capable of being a real good trader, but i'm a damn good HODLER/stach increaser
also my friend says to be a successful trader you gonna make 45% of wrong calls and 55% right and thats when your a good trader, in a longterm success as a call... i could earn much more by buying low and hodling it all the way(if that 1 call longterm deal is a success ....)
i just can't see why it wouldn't be a success cause BTC is the thing the world really needs
however i do like HM charts and thought

[El duderino_]

amen priest

[El duderino_]

hat update and increasing

   




= first creation "colonel of the HAT INVASION"     collectors item
= HAT creator

=vroom "cat with HAT"
=vapourminer "cat with hat"
=jbreher he only wear he's XhomerX on top of the bear MAYBE good for the BULL creation to tame that BEAR
= nice for fun..... wanted by hueristic, but campaign issue's,SEMI hat carrier
= binaryreign.... avatar merit issue .........
=DireWolfM14 , but avatar merit issue.....
= COME ON gentlemand



still in progress ? ssmc,crypmike,bitebits,biodom,majormax,lauda etc........ pfffffffff   MANY HAT's created THX 

HAT UPDATE TIME much has been changed 

[El duderino_]

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me 

You must be a full member to wear the hat, meaning activity of 120 and a 100 merits. So it will take some time.

be here for a while, and if you fit in the wall observer, you will get absorbed in the thread

[Last of the V8s]

pump 'er up to 4.5 baby, then we golden

[Lauda]

Cat turned on the rocket boosters? 

[El duderino_]

come on UP UP UP boom BOom BOOM

Micg gets his weekendpump

[El duderino_]

Cat turned on the rocket boosters? 

why don't you FIT yourself a XhomerX one ??
i think he can make something awesome of that CAT with GLASSES and perhaps some "rocketboosters"

[VB1001]

Greetings to all, I am glad to have found this thread, allow me to tell my little relationship with Bitcoin, I started in August 2017, I have a few years and my investment was important for me, I believe in the Bitcoin function, thanks to the or not the leadership has achieved something very important, be the first cryptographic currency and this will never be taken away, it will always be the first.

My notions in AT, ATH are not very good I move observing how the prices unfold, for my Bitcoin does not understand of AT, in the phase that we find the logical thing would be to descend to $ 3800, if it does not hold it will fall close to $ 3000, Here I will buy more, if I lose 3000 I will continue buying.

I will continue reading your comments of course more technical than mine, good luck.

Although now it goes up, we are going to trade !!!

[criptix]

Who of you guys trade on coinbase?

Any advise on which exchange CB is following?

Seems there is a manipulator doing some magic there.

[somac.]

ah back above 4k, feels good

[Last of the V8s]

Greetings to all, I am glad to have found this thread, allow me to tell my little relationship with Bitcoin, I started in August 2017, I have a few years and my investment was important for me, I believe in the Bitcoin function, thanks to the or not the leadership has achieved something very important, be the first cryptographic currency and this will never be taken away, it will always be the first.

My notions in AT, ATH are not very good I move observing how the prices unfold, for my Bitcoin does not understand of AT, in the phase that we find the logical thing would be to descend to $ 3800, if it does not hold it will fall close to $ 3000, Here I will buy more, if I lose 3000 I will continue buying.

I will continue reading your comments of course more technical than mine, good luck.

Although now it goes up, we are going to trade !!!

Welcome. Your English is experimental, but we'll soon knock you into shape.
You're saying AT, but it's TA lol.
Your calls are fine and much like the majority of TA folks' calls. Remember to examine the fundamentals too.

[VB1001]

Greetings to all, I am glad to have found this thread, allow me to tell my little relationship with Bitcoin, I started in August 2017, I have a few years and my investment was important for me, I believe in the Bitcoin function, thanks to the or not the leadership has achieved something very important, be the first cryptographic currency and this will never be taken away, it will always be the first.

My notions in AT, ATH are not very good I move observing how the prices unfold, for my Bitcoin does not understand of AT, in the phase that we find the logical thing would be to descend to $ 3800, if it does not hold it will fall close to $ 3000, Here I will buy more, if I lose 3000 I will continue buying.

I will continue reading your comments of course more technical than mine, good luck.

Although now it goes up, we are going to trade !!!

Welcome. Your English is experimental, but we'll soon knock you into shape.
You're saying AT, but it's TA lol.
Your calls are fine and much like the majority of TA folks' calls. Remember to examine the fundamentals too.

Thanks for your appreciation !!!

Excuse me for my English, I have a very low level, it is true is TA.

[somac.]

Greetings to all, I am glad to have found this thread, allow me to tell my little relationship with Bitcoin, I started in August 2017, I have a few years and my investment was important for me, I believe in the Bitcoin function, thanks to the or not the leadership has achieved something very important, be the first cryptographic currency and this will never be taken away, it will always be the first.

My notions in AT, ATH are not very good I move observing how the prices unfold, for my Bitcoin does not understand of AT, in the phase that we find the logical thing would be to descend to $ 3800, if it does not hold it will fall close to $ 3000, Here I will buy more, if I lose 3000 I will continue buying.

I will continue reading your comments of course more technical than mine, good luck.

Although now it goes up, we are going to trade !!!

Good to see that you haven't quit, I'm sure a lot of newbies have (get rich quick types). It is the newcomers like you that help make bitcoin bounce back. After every boom and bust we get stronger with more supporters. Bitcoin is a revolution, it takes time, but our end destination is a safe haven from the tyranny of governments and powerful. With the added benefit of getting rich  

Don't worry about the price too much, providing you are actually in this for the long haul the lower it goes the better it gets since you can then buy more bitcoin with your fiat.

[bitserve]

I love the smell of bartpwards in the morning.