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

[Elwar]

Well, another night I go to sleep knowing that I will wake up to a lower bitcoin price.

We thought this was a quick band aid rip off.

Instead it's a slow bleed draining the life from us.

[xhomerx10]

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.

 Moar discrete

[gentlemand]

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

Brilliant post.

I'd say though that people should decide on a price and proportion of coins that works for them and get rid no matter what the market looks like it might do once those targets are hit.

If you can't bring yourself to do that then you either have the wrong price or proportion.

At the $10-15,000 level loads of people will be back in the black and it may sit there and not do much. That's a humongously more relaxing time to do to.

[willope]

https://www.coindesk.com/when-theres-blood-in-the-street-why-its-not-quite-time-to-be-long-crypto
Interesting speculation article from altcoindesk.

Buttom is close, but not yet in.

[LFC_Bitcoin]

https://www.coindesk.com/when-theres-blood-in-the-street-why-its-not-quite-time-to-be-long-crypto
Interesting speculation article from altcoindesk.

Buttom is close, but not yet in.

I'd like to be in that bottom.

[willope]

A common error of traders is that they want to catch the very bottom.
You don't NEED that. Actually, unless you're the big whale(or group) that's moving the price you probably won't manage to "catch the falling knife".
Instead of that, near the bottom there's plenty of time to think and make a good decision to buy and make a good profit with lower risk of missing out.

[willope]

I'd like to be in that bottom.

On the moon there's plenty of these chicks for sale.

[nutildah]

T-shirt reads "Stop Being Poor"...

Why didn't I think of that??!

It's being poor itself that's been holding me back all this time, for no reason.

Oh man, so many problems instantly solved.

Lambo City here I come.

[wachtwoord]

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

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

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

[gembitz]

Well, another night I go to sleep knowing that I will wake up to a lower bitcoin price.

We thought this was a quick band aid rip off.

Instead it's a slow bleed draining the life from us.

you not read my posts? the ico people did this to us! :\ meh

[PaivanTreidi]

Still think 200wk SMA (3100-3200) is as low as we are going to go in the big picture. We should be in for a serious bounce very soon. 

[gembitz]

Still think 200wk SMA (3100-3200) is as low as we are going to go in the big picture. We should be in for a serious bounce very soon.  

heyheyhey : wheres the loot going to come from? :\  >>> i see sub $1000 soon weeeeee

[PaivanTreidi]

LOL .

I see 4400 in 10 days.

I think we are all just seeing things at these levels though.

 

[LFC_Bitcoin]

This is getting very, very reminiscent of the last bear market both price trajectory but also our very own WO thread activity. We’re going back to 2015 levels of posting. It’s totally dying in here which is possibly a good sign to tell you the bottom might be in or at least very close.

[gembitz]

LOL .

I see 4400 in 10 days.

I think we are all just seeing things at these levels though.

 

track down the scammer pizza face extortionists? go go go *boom!*

[d_eddie]

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.

+1 WOsMerit
Always sharp.

[_javier_]

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.

Thanks for this awesome writeup. We all did the same mistakes.  Thanks for putting them in so clear words.
(Merit deserved, but i´m out of them)

[gembitz]

This is getting very, very reminiscent of the last bear market both price trajectory but also our very own WO thread activity. We’re going back to 2015 levels of posting. It’s totally dying in here which is possibly a good sign to tell you the bottom might be in or at least very close.

bottom was @ $420 when i had evil biker gangs telling me btc was a scam... expect sub $1000 soon and hopefully stiff jail sentences for all the scammers (icos&tokens) ...then mabye we bounce\\\///\\/// weeeeeeeee

[d_eddie]

This is getting very, very reminiscent of the last bear market both price trajectory but also our very own WO thread activity. We’re going back to 2015 levels of posting. It’s totally dying in here which is possibly a good sign to tell you the bottom might be in or at least very close.

How very close though? January's almost never been a good month, historically.

[AlcoHoDL]

Just came back from a trip overseas, and checked out WO. Man, too many pages to read. Just checked the last 3 pages...

Price keeps dropping... Well, they ain't getting my coins for cheap... Will HoDL 'til it goes negative.

BCH has nearly zeroed I see. BCH/BTC is ~0.024. Nice one for Ver & Wu.

Keep HoDLing and keep believing.