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

[El duderino_]

Damn that got me out of my HODLsleep, turn around and HODL further....

Story continued with waking up to late on a Sunday (Belgian free day....11 November, ceasefire)

Woke up not to bad and still the HODL goes on, at night at day all the samen....

Have a fine Monday gents of the Wall

[Last of the V8s]

It's dead. People aren't buying. If they do get a tiny bit, the price shoots up because there's no liquidity. They also aren't even selling. Nobody can be bothered. Why sell now? It'll pump anon surely with the halving coming. If it doesn't then things are really bearish, then sell. For now, nothing doing. It's a long hold, it's about keeping your stash together now, not gambling it away so you can 'feel like a trader' or an alt-expert, but adding here and there. Come back in a year or two for six weeks of adrenalin. Meanwhile RIP for the nth time.

[LFC_Bitcoin]

Afternoon gentlemen, the price didn’t stay above $9,000 for long, hey.

No matter, keep buying whilst you can still afford to. Counting down the days until the real excitement comes.

Edit - And I don’t want to see any talk about fucking selling. There are no weak hands in this WO brotherhood.
If I find out you sell this low there will be trouble!

[_javi_]

It's dead. People aren't buying. If they do get a tiny bit, the price shoots up because there's no liquidity. They also aren't even selling. Nobody can be bothered. Why sell now? It'll pump anon surely with the halving coming. If it doesn't then things are really bearish, then sell. For now, nothing doing. It's a long hold, it's about keeping your stash together now, not gambling it away so you can 'feel like a trader' or an alt-expert, but adding here and there. Come back in a year or two for six weeks of adrenalin. Meanwhile RIP for the nth time.

Yes sir, i cant agree more..

I'm getting tired of this...

[xhomerx10]

Of all the days for Bitcoin to die, why today? 

[Globb0]

This is working out well for somebody.

Liquidate all the people at one end, then liquidate all the people at the other end. ...and repeat.

Bleh. Here comes the pain.

[LFC_Bitcoin]

@Globb0 - That’s exactly what it is. Very easy to manipulate the market when there’s low interest from average joe’s, if you have very deep pockets. When there’s low volatility & you’re a group of whales with deep pockets I imagine it’s fairly simple to be able to control the market.

There’s not a load of buying or selling interest so they’re controlling everything.
They won’t be able to as we get closer to the halving & especially post halving because you can’t control honeybadger. He’s hibernating atm though so easy pickings for whales.

[fillippone]

Random wisdom of the day via random tweet:

Buying 40 different alts doesn’t make you “diversified”. It makes you an idiot.

https://twitter.com/charlestheeth/status/1193757888382025730?s=21

When you unexpectedly find the truth scrolling Twitter.

[mindrust]

The only thing keeps me going (maybe not the only but it is one of the major) that how I saw btc climbing from 1-3k to 20k in 2017 and it happened so fast. Somethhing similar happened not so long ago again. (From 3k to 14k) One of these days it will start pumping again and ...

I remember how people were making fun of ltc as 5$ coin.

This is accumulation. It is never fun.

[LFC_Bitcoin]

This is accumulation. It is never fun.

Exactly!
You know what, I bought the vast majority of my stash in 2014 & 2015 but I’m still buying, every week.

Every single decimal of a BTC you can get will bring you joy. My advice is to get every single sat you can.
I regret stopping buying at the end of 2015 but I’m plugging away every week again buying since $3,200.

Keep buying & HODLING boys, no selling.

[El duderino_]

Someone will burn himself.... ending up with much less as they previous owned....

Let them play, let us HODL, let us all enjoy and be happy

[Salauddin1994]

Someone will burn himself.... ending up with much less as they previous owned....

Let them play, let us HODL, let us all enjoy and be happy

Likely HODL enjoyable time if have reserved few USD already trend just looking.

[LFC_Bitcoin]

Someone will burn himself.... ending up with much less as they previous owned....

Let them play, let us HODL, let us all enjoy and be happy

That’s exactly what will happen mic.

It’s great when it’s working for them, selling high, buying low, increasing their stashes......until there’s a massive unexpected pump which turns into a FOMO rally & then they end up screwed

[Salauddin1994]

Someone will burn himself.... ending up with much less as they previous owned....

Let them play, let us HODL, let us all enjoy and be happy

That’s exactly what will happen mic.

It’s great when it’s working for them, selling high, buying low, increasing their stashes......until there’s a massive unexpected pump which turns into a FOMO rally & then they end up screwed

Don't be mind please LFC_Bitcoin,
Honestly true it probably  buying low & selling high, i thing Very few people can do this because it is very difficult to get news in advance In most cases, they follow the signal from pumping group.

[bitcoinPsycho]

Someone will burn himself.... ending up with much less as they previous owned....

Let them play, let us HODL, let us all enjoy and be happy

That’s exactly what will happen mic.

It’s great when it’s working for them, selling high, buying low, increasing their stashes......until there’s a massive unexpected pump which turns into a FOMO rally & then they end up screwed

Lol Its the only way to truly learn this lesson as I have on more than one occasion.  GREED

[jojo69]

Of all the days for Bitcoin to die, why today? 

[ivomm]

Someone will burn himself.... ending up with much less as they previous owned....

Let them play, let us HODL, let us all enjoy and be happy

That’s exactly what will happen mic.

It’s great when it’s working for them, selling high, buying low, increasing their stashes......until there’s a massive unexpected pump which turns into a FOMO rally & then they end up screwed

I agree completely! This is the truth! There were many chances in 2018 and 2019 to increase the stash by trading. If someone used them - cudos! But most of us didn't dare to try such a thing and increased their stash only by buying. With the coming of the next halving these chances will be very limited if any at all. Look at the last crash - it was 5% but from a temporary pump, so it is effectively 1% below the steady line around 8800 from the last week. Recently we've had a 42% pump out of nowhere and Bakkt's volume is getting higher and higher. At the beginning it was 10-70 BTC, whereas now is over 1000 BTC every day. All this shows that clever investors are buying while the small fish are selling with lame 1% profit (or worse, stop loss).  

As for the bad actors on the market, there are 2 types:
1st type - The miners with huge farms with the new s17s asic miners. They would want to suppress the price so that old s11 (which are still the vast the majority of miners) are shut down because of the loss. And this break-even price is around 9K even for those with 4-5 cents per kWh. The recent drop in the difficulty shows this might be the case.
2nd type - Manipulators with bitcoins dumping on Bearstamp with the hope of bigger percentage profit on the unregulated derivative exchanges like Bitmex.

Having said that, I don't think we should despair because there is a cure for both groups.
1st type - It is better to hedge the newly mined bitcoins on bakkt rather than dumping with the hope of the difficulty drop. This is very hazardous and may bring dissapointment resulting in a bear market. Also, the halving is coming soon, and such a move can be an own goal, because if the current price is kept after the halving, even the s17's won't be on profit.
2nd type - What is the point in shorting with 1% profit when some surpise 40%+ pump erases almost half of your manipulation ability?

And finally, as hodlers, let be rational and not emotional no matter what happens! 1% drop, 40% crash, who cares! Buy moar, hodl if needed 5 years, and enjoy the fruits of your perseverance!

[El duderino_]

It's dead. People aren't buying. If they do get a tiny bit, the price shoots up because there's no liquidity. They also aren't even selling. Nobody can be bothered. Why sell now? It'll pump anon surely with the halving coming. If it doesn't then things are really bearish, then sell. For now, nothing doing. It's a long hold, it's about keeping your stash together now, not gambling it away so you can 'feel like a trader' or an alt-expert, but adding here and there. Come back in a year or two for six weeks of adrenalin. Meanwhile RIP for the nth time.

Aren't you already losing a bet?? With a call of lower prices.... the BULL might come faster as we thought yihaaa 

[El duderino_]

If we drop significantly below $8.2k USD/BTC, I'll start to be "concerned" (think we're establishing a new bottom RN), but as noted previously, I honestly believe honey badger dun gone hibernatin' for the winter and just don' give a fuck, until it exits torpor in the spring.

https://twitter.com/onemanatatime/status/1193832548540899329?s=20


Meh, I prefer this one, I think most of us WO could appreciate this kind of dildo actions

[El duderino_]

^
Actually I would like it more whiteout any interruptions in the green dildo