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Question: Is this the last time we see sub-$10K?
Yes - 38 (40.9%)
No - 55 (59.1%)
Total Voters: 93

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21532707 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. (142 posts by 32 users deleted.)
bitserve
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December 15, 2018, 11:00:59 AM

^$1731? Ugh.... That doesn't look good at all.
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December 15, 2018, 11:09:52 AM

^$1731? Ugh.... That doesn't look good at all.
I'm not enjoying the sound of it, hopefully we don't drop below$3k and the recovery starts, but realistically I feel at minimum a flash crash into upper 2's and a bounce.
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December 15, 2018, 11:11:08 AM

^$1731? Ugh.... That doesn't look good at all.
I'm not enjoying the sound of it, hopefully we don't drop below$3k and the recovery starts, but realistically I feel at minimum a flash crash into upper 2's and a bounce.

Yes...


https://www.coindesk.com/when-theres-blood-in-the-street-why-its-not-quite-time-to-be-long-crypto
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December 15, 2018, 11:13:23 AM

Lots of people supporting the 2800-2900 bounce on tradingview, well it's the most obvious scenario short term.

Just hoping it doesn't give whales the bad idea to do otherwise  Cheesy

Its always the -0.618 isn't it?

Yeah...Of course i get it huh. Wait...what ?

 Cheesy
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December 15, 2018, 11:20:25 AM

That is my worst cast scenario..  *shrugs*  The longer we do this slow bleed-off the greater the probability that we could see sub $2k imho.

Regressions suggest that the upward trend line indicated here will carry us to 2020. My only question really is when and where we connect with it. #dyor

W



That all being said...this was my choice in the poll..so there is that...

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December 15, 2018, 11:24:12 AM

Lots of people supporting the 2800-2900 bounce on tradingview, well it's the most obvious scenario short term.

Just hoping it doesn't give whales the bad idea to do otherwise  Cheesy

Its always the -0.618 isn't it?

Yeah...Of course i get it huh. Wait...what ?

 Cheesy


https://en.wikipedia.org/wiki/Golden_ratio
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December 15, 2018, 11:29:45 AM




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December 15, 2018, 11:34:50 AM

https://messari.substack.com/p/tax-loss-selling-unqualified-opinions
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December 15, 2018, 11:48:26 AM

If we don't see a bounce, this place will soon be known as the Wailing WALL.
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December 15, 2018, 11:52:20 AM

Sometimes i think it only needs 17 millions people to buy one bitcoin and hold, and then the price seems strangely ridiculously low
In addition, we should consider all the lost BTC which means the number you exposed is even lower.
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December 15, 2018, 12:05:58 PM

Fortunately it all looks so doom. It must be harder to trick people by dumping it lower as people are coming to expect it.

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December 15, 2018, 12:09:45 PM

Fortunately it all looks so doom. It must be harder to trick people by dumping it lower as people are coming to expect it.



In the meantime, what we can do is prepare some good fiat stash for when/if that doom scenario happens. Buying right now, not so sure. Buying soon, most certainly.
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December 15, 2018, 12:13:50 PM

This night I dreamt Bitcoin had dropped to $2500. It was so convincing that's what I expected to see when I check the price. But it is $3153 so.... why are you guys complaining?

It's a $600+ pump from my dream. Everything is fine.

To sleep well and not have dreams of this type, you have to put Bitcoin in your Christmas tree, but in a discreet way.
This year if things go on like this, do not talk about BTC at home. Roll Eyes

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December 15, 2018, 12:21:29 PM

If we don't see a bounce, this place will soon be known as the Wailing WALL.
I can't believe some alts are so cheap, in 2017 everybody believed prices would have rised more and more... now it could be a huge opportunity to get into the market.

Although, scam coins are still present and I don't see Ethereum in good shape as it was 1 year ago.
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December 15, 2018, 12:26:15 PM

I can't believe some alts are so cheap, in 2017 everybody believed prices would have rised more and more... now it could be a huge opportunity to get into the market.

Although, scam coins are still present and I don't see Ethereum in good shape as it was 1 year ago.

I can't believe most of them have retained the price they still have. Which says to me we still have a ways to go.
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December 15, 2018, 12:28:25 PM

Fortunately it all looks so doom. It must be harder to trick people by dumping it lower as people are coming to expect it.




Surprising , many still dont expect it.

This market has been easy to predict in 2018. It is not difficult to see what lies ahead, either.
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December 15, 2018, 12:35:18 PM

I can't believe some alts are so cheap, in 2017 everybody believed prices would have rised more and more... now it could be a huge opportunity to get into the market.

Although, scam coins are still present and I don't see Ethereum in good shape as it was 1 year ago.

I can't believe most of them have retained the price they still have. Which says to me we still have a ways to go.
It's getting tricky to understand how much it could go lower, but probably you are right. This is a huge depression.
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December 15, 2018, 12:37:35 PM

I can't believe some alts are so cheap, in 2017 everybody believed prices would have rised more and more... now it could be a huge opportunity to get into the market.

Although, scam coins are still present and I don't see Ethereum in good shape as it was 1 year ago.

I can't believe most of them have retained the price they still have. Which says to me we still have a ways to go.
It's getting tricky to understand how much it could go lower, but probably you are right. This is a huge depression.

Not a depression. This is a normal wave. It will remain normal if the low does not get under $1500.

The recovery will take 2-3 years.
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December 15, 2018, 12:48:13 PM
Merited by gentlemand (2), xhomerx10 (1), infofront (1), jojo69 (1), YourMother (1), HairyMaclairy (1), El duderino_ (1), VB1001 (1), willope (1)

I have decided to write about what have been my errors during the past bull run and subsequent downtrend till now.

First and foremost, when the time comes take some fucking profits. It doesn't need to be huge and it certainly would vary depending the individual circumstances but take some. It will make you feel better during the bear trend. It may be as low as 5%, 10%.... maybe a bigger amount if you plan to "gamble" on rebuying later in the downtrend.

How do you know when the time has come? Well, hitting a perfect top is just a matter of luck but, hitting somewhere NEAR the top is much more easy:

- You start receiving calls from nocoiners that are now suddenly interested in investing. They usually ask you for advice on what coins are a good buy... because Bitcoin is already too expensive you know....

- Exchanges can't cope with the demand. The trading engines not only lag extremely, but the verification queue for new users are weeks or even months long. Some even stop accepting new users.

- You start to feel that the rise has reached completely ridiculous levels and it should implode.... But since you already thought that a few thousands ago... why would it not keep pumping much more? Yeah, you feel like you are going to be richer than your wildest dreams!

- You start to feel not only as if you did a great investment but as if you had just hit some fucking and totally undeserved big lotto prize.

- You feel that the price has come so much higher than you would have expected (in that short timeframe) that, even when the necessary "correction" comes, the bottom will still be so high that you won't care about not having sold ANY... Because, you know, this time (tm) Bitcoin is so well known and popular that price would not decimate, maybe not even halve (and of course that $10K you never expected to be broken so soon nor so easily will act as an ultimate support in the worst case, yeah!).

I could add more signals of when the top has been reached or is very near, but I guess that's more than enough to get the idea.

This is getting long, so I think I will better be writing this as a series of posts... Some ideas I have in mind about more mistakes I did and how to improve on them are:

- Realising you are in a clear downtrend and what to do during it.
- Hedging with alts during the bullrun, near the top, and on the downtrend. Hedging with stablecoins (ie USDT).
- Managing exchanges and FIAT ramps for profit (diversify risk and get them all ready well in advance)...
- Lending

I am writing this as advice for my future self, but hope it gets useful to someone else. Will continue.
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December 15, 2018, 12:50:45 PM

What's the deal with the sharp drop in hashrate?

https://bitinfocharts.com/comparison/bitcoin-hashrate.html
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