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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21335423 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
kingcolex
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December 07, 2018, 02:13:52 PM

I have fiat in, but this doesn't feel like the bottom while we're all bantering away and talking of 100K parties.

I don't think the people in this thread are any type of representation of the wider world. Even at $999 plenty here will still be in the black whereas your average Reddit mong will feel ruined. We'll be grumpy. He'll be thrashing in a pool of taupe shitwater.

I know it's the diehard types here, and not representative.  I was noting it is assumed this level of pain 'must be capitulation'.  However, it is entirely possible, even likely it will go lower, perhaps shockingly so as you rightly said.  Then there will be a fair while before it turns truly bullish. 

By the middle of next year, it could be pretty quiet in the WO.  Well... except for JJG of course.
Yeah don't forget the majority has lost money since their investment. A lot. While most of here are still at least up 10x initial investment if not 100x
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December 07, 2018, 02:24:17 PM
Last edit: December 07, 2018, 02:35:20 PM by qwizzie
Merited by Phil_S (1)

I have fiat in, but this doesn't feel like the bottom while we're all bantering away and talking of 100K parties.

I don't think the people in this thread are any type of representation of the wider world. Even at $999 plenty here will still be in the black whereas your average Reddit mong will feel ruined. We'll be grumpy. He'll be thrashing in a pool of taupe shitwater.

I know it's the diehard types here, and not representative.  I was noting it is assumed this level of pain 'must be capitulation'.  However, it is entirely possible, even likely it will go lower, perhaps shockingly so as you rightly said.  Then there will be a fair while before it turns truly bullish.  

By the middle of next year, it could be pretty quiet in the WO.  Well... except for JJG of course.
Yeah don't forget the majority has lost money since their investment. A lot. While most of here are still at least up 10x initial investment if not 100x

This gives food for thought : https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern
Personally i hope Bitcoin hit bottom at $3300 (Bitstamp).
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December 07, 2018, 02:25:24 PM
Merited by JayJuanGee (1)

I guess one difference with 2014 is that back then, people were considering it a possibility BTC could dissapear slowly and die.
Whereas now, people know BTC is here to stay (at least for some time to come) with all the nasdaq, ETF things going on.
A possible recession could indeed slow things down, curious to see how it reacts.
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December 07, 2018, 02:31:08 PM

https://cryptodaily.co.uk/2018/12/bitcoin-finally-presents-perfect-setup-for-a-massive-short-squeeze
empowering
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December 07, 2018, 02:36:12 PM


Totally expecting a squeeze, though may have a little more doom first, still soggy at this level, maybe between here and $3150 ish we could have the squeeze.. then renewed doom

Perhaps... though ultimately I think we break these lows again still

More pain to come, capitulation and panic has not occurred to take the momentum out of this slide and form a solid bottom

IMO  
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December 07, 2018, 02:45:23 PM



You lose smaller on bear market than in bull.

(snip)

Don't give up on your coin so easily.

 Say you had a finite amount of fiat to invest; make it US$30k -
You spend US$30k to get ten US$3k Bitcoin which subsequently drop in value to US$2k Bitcoin - you would be hodling Bitcoin worth US$20k of your initial US$30k investment.
OR you spend US$30k to get two US$15k Bitcoin which subsequently devalue to US$10k Bitcoin - you would be hodling Bitcoin worth US$20k of your initial US$30k investment.

Are you saying you "lose smaller" psychologically or am I so burned out from working night shifts that I am unable to comprehend a bigger picture here?  I can't see the difference.
No difference if you account in fiat. The accounting unit makes the difference. Lucid Homer should know better. Capitulating, are we?  Tongue
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December 07, 2018, 02:48:28 PM

why ETH falls stronger than bitcoin? Competitor's problems should be beneficial, not the other way around
Competitor? Which competitor? Ah, ETC, right.

I guess competitor's problems could be beneficial in a closed system - one without inlets and outlets. But ETC's problems weren't too beneficial, I reckon. Therefore, it's not a closed system.
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December 07, 2018, 02:52:14 PM

Dipping toe for 2nd time this year.. ($3400)

Potentially for a flip on a squeeze

Have a few more orders placed between $3300 and $3000 to catch any more dip before a potential short squeeze/relief rally (if we rally from here I will then cancel these in the interim whilst awaiting the next dooom and re assess depending on the squeeze/relief rally, should it occur here)

Still have original orders in place between $1150 and $2875

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December 07, 2018, 02:56:11 PM
Merited by JayJuanGee (1)


Dipping toe for 2nd time this year.. ($3400)

Potentially for a flip on a squeeze

Thanks for the hope, guys. I am waiting for that short squeeze with a giddy heart so I can finally freeze some profit.

Disclaimer: I account in btc. Your definition of "profit" may vary.
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December 07, 2018, 02:58:21 PM



You lose smaller on bear market than in bull.

(snip)

Don't give up on your coin so easily.

 Say you had a finite amount of fiat to invest; make it US$30k -
You spend US$30k to get ten US$3k Bitcoin which subsequently drop in value to US$2k Bitcoin - you would be hodling Bitcoin worth US$20k of your initial US$30k investment.
OR you spend US$30k to get two US$15k Bitcoin which subsequently devalue to US$10k Bitcoin - you would be hodling Bitcoin worth US$20k of your initial US$30k investment.

Are you saying you "lose smaller" psychologically or am I so burned out from working night shifts that I am unable to comprehend a bigger picture here?  I can't see the difference.
No difference if you account in fiat. The accounting unit makes the difference. Lucid Homer should know better. Capitulating, are we?  Tongue

 Never.  Staying on this ride and lining up to buy moar cheap tickets.
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December 07, 2018, 02:59:48 PM

Capitulating, are we?  Tongue

 Never.  Staying on this ride and lining up to buy moar cheap tickets.


I wasn't expecting less from you  Wink
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December 07, 2018, 03:01:13 PM

Ok, setting up a few more buy orders. I am a degenerate no doubt.

Not that this amounts are gonna ruin me more than I am already.

If banging your head against the wall doesn't work... you need to hit harder!
VB1001
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December 07, 2018, 03:11:31 PM

Ok, setting up a few more buy orders. I am a degenerate no doubt.

Not that this amounts are gonna ruin me more than I am already.

If banging your head against the wall doesn't work... you need to hit harder!

You are not alone, at this rate I will not have money for Christmas, without food, without drinks, without gifts, but with Bitcoin in my pocket.
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December 07, 2018, 03:13:43 PM

why ETH falls stronger than bitcoin? Competitor's problems should be beneficial, not the other way around
Competitor? Which competitor? Ah, ETC, right.

I guess competitor's problems could be beneficial in a closed system - one without inlets and outlets. But ETC's problems weren't too beneficial, I reckon. Therefore, it's not a closed system.

I think alevlaslo meant Bitcoin as Ethereum's competitor... it's the false thinking that every coin is a competitor of each other. Since Bitcoin is falling, there are a few people who believe other coins should rise, but most of us understand why this is not how things work.
I don't think Bitcoin has a competitor though, it's like the father of every coin.

As for Ethereum, its only real competitor for me is ARK. ARK supports Smart Contracts on Javascript, Go, and Solidity, it connects different blockchains together with Smart Bridges, provides (will provide?) easy to use plugins for sidechains and forks, lower/dynamic fees... it's everything Ethereum should have been losing only in fame!

... sorry ... I went bit off-topic! Roll Eyes
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December 07, 2018, 03:16:42 PM

Javascript
could you fucking not?
was just having a bite to eat
now feel sick
bitserve
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December 07, 2018, 03:17:48 PM

Ok, setting up a few more buy orders. I am a degenerate no doubt.

Not that this amounts are gonna ruin me more than I am already.

If banging your head against the wall doesn't work... you need to hit harder!

You are not alone, at this rate I will not have money for Christmas, without food, without drinks, without gifts, but with Bitcoin in my pocket.

It's not buying more BTC now what worries me. It's the idea that maybe I could buy more for the same money if it keeps dropping.

I just don't think the bottom must be far from here. If it it is.... well, shit happens.
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December 07, 2018, 03:19:05 PM

I guess one difference with 2014 is that back then, people were considering it a possibility BTC could dissapear slowly and die.
Whereas now, people know BTC is here to stay (at least for some time to come) with all the nasdaq, ETF things going on.
A possible recession could indeed slow things down, curious to see how it reacts.

People dont know. Yes in this thread or this forum, many knows. But general public sees Bitcoin totally same as in 2015.  And not to mention they will see Bitcoin like this most of next year.
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December 07, 2018, 03:20:09 PM

"A watched coin never barts." - anon WObserver
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December 07, 2018, 03:29:46 PM

I remember having sold my lasts ETH's at around $50. At this rate it will be back there very soon.
VB1001
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December 07, 2018, 03:33:16 PM

Ok, setting up a few more buy orders. I am a degenerate no doubt.

Not that this amounts are gonna ruin me more than I am already.

If banging your head against the wall doesn't work... you need to hit harder!

You are not alone, at this rate I will not have money for Christmas, without food, without drinks, without gifts, but with Bitcoin in my pocket.

It's not buying more BTC now what worries me. It's the idea that maybe I could buy more for the same money if it keeps dropping.

I just don't think the bottom must be far from here. If it it is.... well, shit happens.

You will have this sensation and we all have it whenever there is such an aggressive descent.
Except those who mined or bought for 2 or 3 digits.
But a bad trading operation can leave you out and lose all the expected profit.
You know that, you are not a novice.
Better buy a little each time you go down, the amount does not have to hurt the family economy.
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