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

[Gyrsur]

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[HairyMaclairy]

Prediction: we will go through $10k like a hot knife through butter, just like we did on the way up. Then the screaming will start.

Too early to make this call imo. 30% dips are the norm during the bull.

Maybe.  I have no idea what I’m doing.

But I’m ready for anything to happen.

[JayJuanGee]

Buy before September 30, 2019.

Buy now, buy often.

Oh gawd!!!!!  Not you again with your random dates in an attempt to be Nostradamus sorcerer.   

Hey.. .where did you get my reaction pic?

[Gyrsur]

so a downtrend are lower highs and lower lows, right?  

[Pipdips]

It is a bloodbath.

Bitcoin went down another 1000 in 20 minutes?
https://www.coindesk.com/bitcoin-price-takes-another-tumble-shedding-nearly-1000-in-20-minutes

1700 in 15 minutes
https://www.coindesk.com/coinbase-hit-with-outage-as-bitcoin-price-drops-1-8k-in-15-minutes

[LFC_Bitcoin]

This is obscene, similar to what I imagine it’d be like to see your parents fucking in 30 degree celsius heat on a glass table.

 

[El duderino_]

It is a bloodbath. Bitcoin went down another 1000 in 20 minutes?

https://www.coindesk.com/bitcoin-price-takes-another-tumble-shedding-nearly-1000-in-20-minutes

Thanks for the info..........

[Biodom]

Prediction: we will go through $10k like a hot knife through butter, just like we did on the way up. Then the screaming will start.

I don’t remember shit like this in 2015 as we were leaving the Gox induced bear market.

You just don't remember because of a lower $$ value, that's all.
2015:

July 12 about $317 (about 2X from january lows)

August 25 $198 (about 38% drawdown)

Nov 4 (sharp peak at $502, went up almost 57% in two days)

Nov 11 $295 (41% drawdown in a week).

Cheers, mate.
Source: https://bitcoincharts.com/charts/bitstampUSD

[Pipdips]

This is obscene, similar to what I imagine it’d be like to see your parents fucking in 30 degree celsius heat on a glass table.

 

Are any of you guys selling? What on earth happened?

[kurious]

It was in a channel and popped out over it on the 21st.  Just a gut feeling: I think 10K holds and the top of the old channel (around 10.5K) will be rough area of support.


Let's see - if I am wrong I will be wrong fast, I reckon. If there is no support then I can't see being right even over the weekend.

[realr0ach]

I have no idea what I’m doing.

Kikes (including Jew servant Trump) are attempting to artificially create a Straits of Hormuz event to blame economic implosion on and $300-400 barrel gas - also to try and prop up the US shale ponzi scam.  If they actually attempt to go through with that, I'd guess you'd wind up having full economic implosion and maybe martial law.  Does Bitcoin have any use whatsoever in such an event?  No.  The only use Bitcoin had in Venezeula is people using it to order food externally through places like Amazon.  It was not used internally at all.  Internal black markets will be entirely physical metals and physical cash (if it still has any value).

[Gyrsur]

This is obscene, similar to what I imagine it’d be like to see your parents fucking in 30 degree celsius heat on a glass table.

 

Are any of you guys selling? What on earth happened?

SOLD ALL. this was the lower high after 20k and the lower low will follow.

[Pipdips]

You just don't remember because of a lower $$ value, that's all.
2015:

July 12 about $317 (about 2X from january lows)

August 25 $198 (about 38% drawdown)

Nov 4 (sharp peak at $502, went up almost 57% in two days)

Nov 11 $295 (41% drawdown in a week).

Cheers, mate.

But we are not talking percentages from when it was a few hundred dollars. Bitcoin is worth way more today than it was back then. This is not the same thing. It went down 3000 in a day.....

[El duderino_]

This is obscene, similar to what I imagine it’d be like to see your parents fucking in 30 degree celsius heat on a glass table.

 

Strange thinking   ......

I never thought to see 10K at this moment, I always say never underestimate BTC’s unpredictibility .... but how the card where dealt a few weeks back Then my money wouldn’t be at 5-Digits

So WoooooooooooooooooW +10K

[LoyceV]

Let's look at the bright side:
Last week: up 10%
Last month: up 25%
Last quarter: up 175%
(rough estimates)

This is how I give myself hope
(it didn't work in 2018)

[Biodom]

You just don't remember because of a lower $$ value, that's all.
2015:

July 12 about $317 (about 2X from january lows)

August 25 $198 (about 38% drawdown)

Nov 4 (sharp peak at $502, went up almost 57% in two days)

Nov 11 $295 (41% drawdown in a week).

Cheers, mate.

But we are not talking percentages from when it was a few hundred dollars. Bitcoin is worth way more today than it was back then. This is not the same thing. It went down 3000 in a day.....

Always talk about percentages. It's the same thing. If you can't handle $ value, then you are clearly over-invested, pal.

[LFC_Bitcoin]

This is obscene, similar to what I imagine it’d be like to see your parents fucking in 30 degree celsius heat on a glass table.

 

Strange thinking   ......

I never thought to see 10K at this moment, I always say never underestimate BTC’s unpredictibility .... but how the card where dealt a few weeks back Then my money wouldn’t be at 5-Digits

So WoooooooooooooooooW +10K

I was just trying to create an image of something horrible which is what is happening right now
I guess it allows is to buy more cheaply though. I still want more coin.

[PoolMinor]

Buy before September 30, 2019.

Buy now, buy often.

Oh gawd!!!!!  Not you again with your random dates in an attempt to be Nostradamus sorcerer.   

Hey.. .where did you get my reaction pic?

I could wager that you are the blonde on the right?

[Biodom]

This is obscene, similar to what I imagine it’d be like to see your parents fucking in 30 degree celsius heat on a glass table.

 

Are any of you guys selling? What on earth happened?

SOLD ALL. this was the lower high after 20k and the lower low will follow.

same potentially incorrect logic would have applied in Nov 2015.
Oh, no, lower high of $500, sell sell sell...derp.

[realr0ach]

It went down 3000 in a day.....

Study Aristotle vs Plato.  Plato was a Keynesian fascist who said money should be an imaginary widget.  The Aristotle argument is that it's impossible for any imaginary widget (Bitcoin) to hold value and function as money and that money is required to be a physical commodity like gold and silver.  Anyone looking at their arguments in the modern day can easily tell Plato is an extremely overrated complete idiot and that Aristotle was right.  It is not possible for Bitcoin to ever be anything more than an unstable pump and dump scam and the invisble hand of the market will always choose physical commodity money as the winner for the base of the financial system.