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

[jojo69]

Is 7950 a good time to sell? And buy a rebound at about $7880?

Did you?

Lol i made a few trades and lost! I traded and ended up buying back in higher pretty much 2/3 times and gave up!

we call that daytarding

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[JayJuanGee]

Well, people laugh at bulls, but they are always prepared.

$9,237

The coffee is very good this morning.

This bull is starting to get nervous.  $1,600 in 24 hours is feeling like a bit much, and maybe there is an end of the month thing going on?

I am not complaining or changing anything that I usually do in terms of incrementalism, but still a bit nervous about such a quick (one day) 21.6% price appreciation, while at the same time, appreciating some bears getting reckt.

[JSRAW]

[Biodom]

The market is so freaking dumb right now, so I am not sure if it is pure giddiness, but would not be surprised if some economic number would really stink tomorrow and "stahs" reverse, pulling down btc as well. These were 2k out of 'nothing'. We shall see if it holds or not. I give it 50:50, but @Marcus could be right about a trap.

[JayJuanGee]

The market is so freaking dumb right now, so I am not sure if it is a trap or pure giddiness, but would not be surprised if some economic number would really stink tomorrow and "stahs" reverse, pulling down btc as well. These were 2k out of 'nothing'. We shall see if it holds or not.

I am also NOT sure if we can put a lot of weight into our 6-week rise from $3,850 to $9,485... it is almost like both our 3/12/20 bottom was more extreme than really fundamentals would suggest, but also our current price rise of about 2.5x in the last 6 weeks, seems a bit much, too.. with only kind of initial corrections, but NO correction that was really noteworthy, but I am NOT even conjecturing that any correction is currently needed in order to continue UPpity, even though it is starting to seem like some flat or down could come.. and would not be a surprise, either. 

This BTC price performance is not exactly correlation, but I am still going to speculate that there are going to be plenty of bitcoin naysayers striving to label BTC's price performance as largely "correlation".... They make up all kinds of shit in order to try to assert some kind of bitcoin is nothing special narrative, which causes all of this to still be "interesting" to say the least.

[serveria.com]

The market is so freaking dumb right now, so I am not sure if it is pure giddiness, but would not be surprised if some economic number would really stink tomorrow and "stahs" reverse, pulling down btc as well. These were 2k out of 'nothing'. We shall see if it holds or not. I give it 50:50, but @Marcus could be right about a trap.

Moar upp for sure: halving is only 2 weeks away, miners stop selling and start accumulating in order to dump after the halving, governments are too busy to manipulate BTC because of the corona drama... did I forget something? 

[mindrust]

Made 250 bucks in 2 days wow this shit is on fire! to the moon!   All in now?

[cafetools]

We have green candle momentum for 7 weeks now, its hard to stop a moving train! a bull trap wont happen. Especially with this FOMO news and the halving, people are bored sitting at home and new blood will be hearing about this investment opportunity.

BTC is going to make news in the morning!

[bitcoinPsycho]

Made 250 bucks in 2 days wow this shit is on fire! to the moon!   All in now?

Man you sound like you have bipolar lol

[Cryptotourist]

VEGETA MOTHERFUCKERS

1.) When the price hits $9,000 on BITSTAMP you must post a Vegeta meme

..that's a heck of a long game. Hopefully one day in the distant future someone wins it !

Not.even.two.months. Major.

[JayJuanGee]

VEGETA MOTHERFUCKERS

1.) When the price hits $9,000 on BITSTAMP you must post a Vegeta meme

..that's a heck of a long game. Hopefully one day in the distant future someone wins it !

Not.even.two.months. Major.

Actually, it is a good thing to quote the naysayers.. that's for sure.  Maybe even rub it in their faces a bit, just for good measure... even though they will come back at some convenient point to say how they were right.. blah blah blah... .   

[TheBeardedBaby]

I don't post here often, but with this 2k rise from yesterday I think this is the place to ask what the hell happen? I gave up on searching here almost 20 pages from yesterday til today. What caused this insane 2k bull run in matter of a day?? I was thinking yesterday to sell at 8.5k and wait for the correction, good that I had no time to set my sell.

[mindrust]

The market is so freaking dumb right now, so I am not sure if it is pure giddiness, but would not be surprised if some economic number would really stink tomorrow and "stahs" reverse, pulling down btc as well. These were 2k out of 'nothing'. We shall see if it holds or not. I give it 50:50, but @Marcus could be right about a trap.

That's what I am afraid of. Pure speculation. Can you make money from this? You can but how long that rollercoaster will keep going. Doubts and doubts. This is gambling to me.



In the last month Central Bank of TETHER added another 2 billion USD to its balance sheets increasing it by %50. It is nearly 6.5B USD.

Now somebody tell me Central Bank of Tether created that 2 billion because people demanded it and paid 2billion real USD to buy it from finex.

Nope, I am not playing this game. Good luck to whoever is still in.

You might wanna ask, why is there a problem with Tether printing while FED does the same thing with USD? Well... FED owns the USD, not Finex.

[JayJuanGee]

The market is so freaking dumb right now, so I am not sure if it is pure giddiness, but would not be surprised if some economic number would really stink tomorrow and "stahs" reverse, pulling down btc as well. These were 2k out of 'nothing'. We shall see if it holds or not. I give it 50:50, but @Marcus could be right about a trap.

That's what I am afraid of. Pure speculation. Can you make money from this? You can but how long that rollercoaster will keep going. Doubts and doubts. This is gambling to me.



In the last month Central Bank of TETHER added another 2 billion USD to its balance sheets increasing it by %50. It is nearly 6.5B USD.

Now somebody tell me Central Bank of Tether created that 2 billion because people demanded it and paid 2billion real USD to buy it from finex.

Nope, I am not playing this game. Good luck to whoever is still in.

You might wanna ask, why is there a problem with Tether printing while FED does the same thing with USD? Well... FED owns the USD, not Finex.

One thing that makes you better than roach is that you are continuing to invest in bitcoin in a dollar cost averaging way.. around $50 a week; however, in order to stay with those kinds of narrow (and likely even you know are bullshit conspiracy perspectives), you might need to sell all of whatever BTC you made in order that you can lock in those $250 worth of profits that you made in the last 24 hours, or so.

You should realize, by now, that there are a lot of guys here who have figured out ways to largely profit from BTC's almost inevitable volatility, so you are not going to gain too many friends if you start going down the bitcoin bashing road because even though there is a lot of volatility, there tends to be more UP than DOWN, even though you want to emphasize the DOWN because that is all that you can see, currently.

We see a decent BTC price rise of more than 20% in 24 hours and around 2.5x in about 6 weeks, and you believe that you are substantively contributing to the conversation of the thread (in any kind of informative way) to be poo pooing and denigrating those actual bullish movements.... yes, poo poo them.. poo poo them and try to find some narrow and nonsensical sets of facts that you want to fantasize to explain some kinds of conspiracies, manipulation and just make no sense largely because you can no longer appreciate the actual profits that come from BTC (even measuring in dollars) that can be generated from such BTC price movements if you had been able to figure out any kind of moderate ways in your practices...

Of course, you cannot do any kind of meaningful or sensible moderation in your approach now, because you hardly have any bitcoin to work with..   You hardly have shit, and therefor, you hardly have any flexibility in what you can do.  

It is a corner that you have painted yourself into, which is one in which you have limited your own options, even though you know about bitcoin (but you are just being stubborn because you are too god-damned overloaded with dollars..   You are not balanced, but you are trying to act as if you are the balanced one in these here parts.

Many of us are not going to be able to relate  to you, here.. because we are likely a lot more balanced in our approach than you.. Maybe some of us are not completely balanced, but many of us have prepared a lot more for either BTC price direction...  down or  up or sideways...

And maybe instead of being like a roach-like creature who had sold too much BTC, too soon, you are closer to jonoiv, who is not totally opposed to BTC, but just cannot figure out when to get in, exactly... gosh, that must not feel good, to be close to either roach or jonoiv...

Of course, there are some other potential examples of bitcoin naysayers that you are close to, yet even while each of  these creatures who sold too much too soon have their (your) unique circumstances, so we cannot take those individual attributes away from you or the other similarly situated individuals, who are waiting for downs that are quite unlikely to materialized in any kind of way that is even close to what you seem to be currently imagining to be within reasonable possibilities... and in the meantime, your failure / refusal to adequately prepare for up causes you many opportunity costs that you fail/refuse to recognize as actual factors.

[bitebits]

This is bitcointalk, not nocoinertalk.

You are going to increasingly regret your decision every single day of your life.

[becoin]

... brace yourselves for disappointment, it's a set-up before the major down leg that is coming in stocks then probably bitcoin also when the vicious 2nd wave of the virus is unleashed. They are setting everyone up for maximum despondency and despair so you are begging for the vaccine. It's all a big mindfuck game and bitcoin is part of the play too.

You're wrong, buddy. Again.

What you see is not an ordinary boom-bust cycle. It is not an ordinary wave going back and forth on the shore. It is a giant tsunami wave on the horizon. The hyperinflation tsunami will be upon us this year just after US elections. And this time the biggest bubble is the unit you use to measure the bubbles. The Dollar itself is the biggest bubble! This is why in the next couple of months if there is any deflationary pressure it will be very modest.

The virus hysteria is a circus set up to justify money printing and dilute responsibility!

[Cryptotourist]

Anyway, going from convinced Bitcoiner to nocoiner and then to shitcoiner is some dubious behaviour to say the least.

You're very kind. At the bare minimum.

[Cryptotourist]

... brace yourselves for disappointment, it's a set-up before the major down leg that is coming in stocks then probably bitcoin also when the vicious 2nd wave of the virus is unleashed. They are setting everyone up for maximum despondency and despair so you are begging for the vaccine. It's all a big mindfuck game and bitcoin is part of the play too.

Ka-ching ka-ching, Judas_of_Jerusalem.

[Cryptotourist]

Maybe even rub it in their faces a bit, just for good measure...

I got this J:

[AlcoHoDL]

Vegeta is nice and cute, but I hope we leave him permanently behind... $9k should not be visited again.

On to $90k and beyond... Got to find a character for $90k.

Not Carolina, no, she's reserved for $1M/BTC.