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

[JayJuanGee]

Excellent capitulation by the crowd in here. 5/7. 

Are you suggesting me?

If we go below a certain price and stay there, then I might conclude that we are no longer in a bull market... but we still seem quite a way off from that kind of concession from me.

Or are you referring to the capitulation of some other WO peeps?

I saw several of the regulars such as LFC and Mindrust saying that they are buying, biodom no longer blurting out bearish baloney and instead a bit more ambivalent and maybe d-eddie saying that he had failed to short sufficiently... and even bob has not really been complaining too much, in this correction.  Sure V8 has some end of life chantings, but he's been doing that for quite a while, too... By the way, Lambie had been calling for a correction ever since about May when we went above $6k or so, so I am not sure if he would count for anything merely because he is getting cocky and acting like he was right all along while conveniently ignoring the fact that he had been calling for down since about May-ish. 

Anyhow, I am a bit unclear from where you are getting our capitulation because we are all over the place.. even while maybe a bit resolved that we had reached close to 65% down from our $13,880.  What else can be done?

[El duderino_]

^
F*** Y** JJG what about me, what am I doing ?   

Will give a hindsight me is HODLing as always, HODL through every singel bump that our precious narrative writes us   

[Majormax]

Excellent capitulation by the crowd in here. 5/7. 

Anyhow, I am a bit unclear from where you are getting our capitulation because we are all over the place.. even while maybe a bit resolved that we had reached close to 65% down from our $13,880.  What else can be done?

Looking back at the last 5 pages, that's true, a very split opinion.  The poll results show that as well.

[P_Shep]

This is fine.

[Phil_S]

Someone woke up and started to abuse the buy button.

[dragonvslinux]

I think we're done here. It's taken more than two months, but the original bearish target looks complete, at least by a margin or error being $116.



Now we just need a strong bounce back above $7400-$7500 and we're good in my opinion 

[LFC_Bitcoin]

Personally, I suspect that it is not easy to see s-curve adoption while in the midst of it, but jeez, just mentioning the $300 to $500 price range was about where we were bouncing around during early 2016 - right before that particular halvening.

Couldn't between a 13x ($500) and 22x ($300) price increase from our current $6,600 in 4 years serve as a kind of ballpark indication that we might possibly remain within a kind of s-curve adoption?  Perhaps?  Perhaps?

Even a 10 x appreciation from here would put us at an amazing figure JJG.

[HairyMaclairy]

Excellent capitulation by the crowd in here. 5/7.  

Anyhow, I am a bit unclear from where you are getting our capitulation because we are all over the place.. even while maybe a bit resolved that we had reached close to 65% down from our $13,880.  What else can be done?

Looking back at the last 5 pages, that's true, a very split opinion.  The poll results show that as well.

The vibe I have been getting is strongly sookie la la.  Exhibit A is SuperTA directly above me. Which is a good sign.  

It feels a bit early for us to rally back from here but we might possibly have front run the Thanksgiving funk this year.  I still think more likely a few days of pain left but let’s see. 

[BitcoinGirl.Club]

Good Panicking morning WO!
Or WO Bitcoiners do not panic at all?
Observing @ $6,849

[Alexander_Z]

The real test now (and also arguably the biggest test of BTC's life) will be the halvening.  If the price does not show very considerable strength in the next year, that would be a sign that the whole game has changed.

Unfortunately, the outcome will take around a year to define . As always, it will be a test of faith, so doubters should sell now (although better during the expected bounce to 7.5k) , and hodlers should find some other diversion for their interest !

This is the scenario I fear. It may be possible that the halvening is priced in already and, although prices below 3k are unlikely, there will be no new ATH until the next halvening (one in 2024). Five years of ice age, pain and false hopes. Personally I do not plan to sell my main stash, but I am thinking about trading (that is, about buying a bit lower and selling a bit higher, not accumulating), because holding may be a very long-term game.

[d_eddie]

Masterluc on telegram

We have the weekly ma200 at 4000. I think after a rebound we can still visit it. Well, that fits into the picture above.

[BitcoinGirl.Club]

<snip>

In other words, WO Bitcoiner

[gentlemand]

This is the scenario I fear. It may be possible that the halvening is priced in already and, although prices below 3k are unlikely, there will be no new ATH until the next halvening (one in 2024). Five years of ice age, pain and false hopes. Personally I do not plan to sell my main stash, but I am thinking about trading (that is, about buying a bit lower and selling a bit higher, not accumulating), because holding may be a very long-term game.

I'm leaning the other way. I think this halving will have the biggest effect. After this one it'll be subtler and start to tail off.

There are more on and off ramps than ever and some of them like Bakkt and the Cash app alone have the potential to be several times bigger than the entirety of what went before. Chuck in inflation dropping to levels seen in conventional currencies and just over only 10% of all coins left to arrive in the next 120 years and that's a pretty darned potent combo.

[Phil_S]

24-hour average



Interesting end-of-the-month movements...

[bitcoinPsycho]

Good Panicking morning WO!
Or WO Bitcoiners do not panic at all?
Observing @ $6,849

Panic  buys Ahoy

[Alexander_Z]

This is the scenario I fear. It may be possible that the halvening is priced in already and, although prices below 3k are unlikely, there will be no new ATH until the next halvening (one in 2024). Five years of ice age, pain and false hopes. Personally I do not plan to sell my main stash, but I am thinking about trading (that is, about buying a bit lower and selling a bit higher, not accumulating), because holding may be a very long-term game.

I'm leaning the other way. I think this halving will have the biggest effect. After this one it'll be subtler and start to tail off.

There are more on and off ramps than ever and some of them like Bakkt and the Cash app alone have the potential to be several times bigger than the entirety of what went before. Chuck in inflation dropping to levels seen in conventional currencies and just over only 10% of all coins left to arrive in the next 120 years and that's a pretty darned potent combo.

This is also possible. Hope for the best (planning to hold most of my coins for a long time), but prepare for the worst (thinking about trading for quicker gains).

[Lauda]

Every time we dip a bit stronger than usual, most of WO is scared shitless with their "reasonable" worst-case bullshit estimates. So disappointing, especially given the size and history of the thread.

[Gyrsur]

what happened to the Silver dude?  

[BitcoinGirl.Club]

what happened to the Silver dude?  

You mean R0ach? He will be here in any moment or may be he is in a vacation LOL

Every time we dip a bit stronger than usual, most of WO is scared shitless with their "reasonable" worst-case bullshit estimates. So disappointing, especially given the size and history of the thread.

I see no panic around. Do you?

[gentlemand]

This is also possible. Hope for the best (planning to hold most of my coins for a long time), but prepare for the worst (thinking about trading for quicker gains).

I don't think there'll ever be the same expansion in infrastructure meeting the same reduction in production again. It could well be a golden one off.