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

[mOgliE]

It’s a 10 month downtrend.  Odds are you break down. Trend is your friend.   Eventually you will break up but you don’t know when that will be.  

That's why I trade only with pocket money.

Cause I'm one of those idiots saying in a 10 months downtrend "OK NOW TO THE MOON" I open a long and I get screwed in the next 4 weeks obviously.

Trend is not my friend, trend is a silly bitch laughing at my despair 

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[gembitz]

It’s a 10 month downtrend.  Odds are you break down. Trend is your friend.   Eventually you will break up but you don’t know when that will be.  

That's why I trade only with pocket money.

Cause I'm one of those idiots saying in a 10 months downtrend "OK NOW TO THE MOON" I open a long and I get screwed in the next 4 weeks obviously.

Trend is not my friend, trend is a silly bitch laughing at my despair  

fuck it rebuying under $1000 EVERYONE INTO CRYPTO IS FULL OF SHIT lol

[bitmover]

$6245 is over $5000

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

It really looks like a good opportunity to buy...
But I believe we are going down even further. I will sell some and rebuy. I just can't see my bags growing heavier if we hit 1500-2500...

Hi

I would be interested to know more.  Can you tell us whether you have sold some previously since the peak, and your thinking?

Well that's what I did:

Buying from 2 to 9k in 2017. Took small profits in 7k.
Saw it go to 20k and, as a newbie I thought: I will necer be able to buy one BTC again, I will not take profits. My average is about 3800usd.
Holding since then.

I believe that BTC will bounce . I has bounced so many times since 2017, and much more since 2013, 2015 etc etc...

But I am not willing to bet so much money. As this is almost gambling

I thought i was ready to lose that money, but when I got red (especially because of ethereum, average 280 USD) I feel that I can't take another 40% dump which is very likely now.

Ethereum is in a bad shape now. Casper is delayed and ICOs are fuked. This affects yhe whole market, even BTC imo...

I am about to sell my ethereum which is like 30% of initial investment.

I am thinking about selling btc too, at least some and try to buy back at lower price (I am so bad at this)

When I sell the chances are that we are going to have a big bounce, so I will tell everyone first so you can make some money lol..

What are yours thinking?

[btcbeliever]

It’s a 10 month downtrend.  Odds are you break down. Trend is your friend.   Eventually you will break up but you don’t know when that will be.  

That's why I trade only with pocket money.

Cause I'm one of those idiots saying in a 10 months downtrend "OK NOW TO THE MOON" I open a long and I get screwed in the next 4 weeks obviously.

Trend is not my friend, trend is a silly bitch laughing at my despair 

As soon as you sell, you know the price is going to shoot up without you.  That's not happening to me.  I'll hold until it goes to zero rather than have that happen.

[BTCMILLIONAIRE]

$6245 is over $5000

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

It really looks like a good opportunity to buy...
But I believe we are going down even further. I will sell some and rebuy. I just can't see my bags growing heavier if we hit 1500-2500...

Hi

I would be interested to know more.  Can you tell us whether you have sold some previously since the peak, and your thinking?

Well that's what I did:

Buying from 2 to 9k in 2017. Took small profits in 7k.
Saw it go to 20k and, as a newbie I thought: I will necer be able to buy one BTC again, I will not take profits. My average is about 3800usd.
Holding since then.

I believe that BTC will bounce . I has bounced so many times since 2017, and much more since 2013, 2015 etc etc...

But I am not willing to bet so much money. As this is almost gambling

I thought i was ready to lose that money, but when I got red (especially because of ethereum, average 280 USD) I feel that I can't take another 40% dump which is very likely now.

Ethereum is in a bad shape now. Casper is delayed and ICOs are fuked. This affects yhe whole market, even BTC imo...

I am about to sell my ethereum which is like 30% of initial investment.

I am thinking about selling btc too, at least some and try to buy back at lower price (I am so bad at this)

When I sell the chances are that we are going to have a big bounce, so I will tell everyone first so you can make some money lol..

What are yours thinking?

I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

[bakasabo]

It is revealed why bitcoin price went down so fast last month.
Trading graph shows new pattern called "X-mas tree".
After Xmas and New Year it is gonna go back to 6k+ USD

[gentlemand]

Nice to see the amount of organic enthusiasm and intellectual rigour out there among other crypto communities.

[bitmover]

I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.

Putting more money is foolish, if you already put all the money you have reserved for high risk assets.

In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).

It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.

[BTCMILLIONAIRE]

I think that you're being emotional and shouldn't invest at all if you can't handle massive red candles. Selling now is like buying at >15k. Now is not the time to sell, but to keep cost averaging in.

There is no guarantee that bitcoin will really bounce back one day . I believe it will, but I am totally unqualified.

Putting more money is foolish, if you already put all the money you have reserved for high risk assets.

In past it bounced from much lower marketcap, much lower media attention, much lower infrastructure (exchanges, media, wallets, ATMs, stores that accept etc).

It's not certain that it will ever reach 10k again. I believe it will, as everyone here. But how much are you willing to bet that it will? That's he point.

If you already put all that money in that's on you for not keeping enough powder dry. But regardless of how much fiat you have available, selling after a ~90% drop is anything but sensible, especially when that's roughly been the turning point for most assets that plunged and didn't die. Market cap is irrelevant too by the way, at least in the peanut amounts that we are at right now. Apple is still 10x the size of Bitcoin. And that's just one company. Bitcoin is well positioned to become the backbone of future finance.

[bitmover]

Just as you said that buying at 15k is stupid, in future selling at 3500 could be a great deal. What is it goes to 1500.? That's a 100 gain if I buy back.

[BTCMILLIONAIRE]

Just as you said that buying at 15k is stupid, in future selling at 3500 could be a great deal. What is it goes to 1500.? That's a 100 gain if I buy back.

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.


Edit: What if it goes down to $1? It was $1 before, I could sell one Bitcoin and make 3500 Bitcoins! (fat chance)

Edit2: Invest some money in a book on investing and balancing portfolios. Read it, study it. Everything you post cements the fact that you're just gambling based on emotions. Emotions that traders use to take your money and make profits.

[gentlemand]

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds. 

[bitmover]

Just as you said that buying at 15k is stupid, in future selling at 3500 could be a great deal. What is it goes to 1500.? That's a 100 gain if I buy back.

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.


Edit: What if it goes down to $1? It was $1 before, I could sell one Bitcoin and make 3500 Bitcoins! (fat chance)

Edit2: Invest some money in a book on investing and balancing portfolios. Read it, study it. Everything you post cements the fact that you're just gambling based on emotions. Emotions that traders use to take your money and make profits.

It is down 75%, not 90%.

 I am talking about balancing portfolios, when I said that putting more money is foolish if you already invested all you wanted in high risk assets. Less than 2% of my portfolio is in cryptocurrency.

But you are right, I am being emotional. Even though what I am saying makss Sense, because BTC can still fall to 1900 (your 90% down). We are not there yet.

[LFC_Bitcoin]

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds.  

Absolutely!
I could sell everything now & I’d still be massively up on what I originally invested. The thing is though, you just know if I do that the price will go to $6,000 or $7,000 & I’d end up buying back half the amount I currently own which would be fucking retarded.

[BTCMILLIONAIRE]

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds.  

Absolutely!
I could sell everything now & I’d still be massively up on what I originally invested. The thing is though, you just know if I do that the price will go to $6,000 or $7,000 & I’d end up buying back half the amount I currently own which would be fucking retarded.

This. If you want to sell you do it on the way up, not on the way down.

[bitmover]

Ahhhhhhhh

Thank you millionaire, gentlemad and lfcbitcoin

I will hold this shit until it goes up. You are right.

Thanks

[gentlemand]

Ahhhhhhhh

Thank you millionaire, gentlemad and lfcbitcoin

I will hold this shit until it goes up. You are right.

Thanks

That's just my take for myself. Your circumstances may be very different. Take observations on board by all means but do what works for you above all.

But if you sell into euphoria and buy into fear you're going to do better than 95% of others.

[thisisntbic]

If you did not continuously admit to bcash shilling, ...

I have never admitted to 'Bcash shilling'. You need -- once again -- to check your definitions.

I have admitted to advocating for Bitcoin Cash. I will admit to advocate for Bitcoin SV.

But the universally recognized definition for 'shilling' is predicated upon renumeration for advocacy of some thing that one would not advocate for if the payment was not made.

I have never shilled for any crypto.

Your insistence in misapplying such charged language only marks you as disingenuous. And is evidence of the actual hostility in this conversation.

Rubbish.  You constantly talk your book.  And you carefully provide misleading information when you do so.  Most of the time, what you say may not be technically wrong, but invariably amounts to a misrepresentation in the broader context.  And some of the time it is outright fabrication.

This discussion is a case in point.  You are relying on a historic definition of the term shill.  We both know that is not how the word is used in 2018 in the crypto community.  But you think yourself marvelously clever for having made the distinction.   It would be most accurate to say you are a fraud and petty conman.

Well said. This is the reason i moved him on my ignore list.

Lulz @ "We use a term incorrectly, thus you using it correctly is incorrect."

edit- grammar

[dandannn]

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds. 

I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.

[gentlemand]

I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.

But the more elderly members expressing their views went through the exact same thing. I was underwater for getting on for three years with BTC.