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

[ShroomsKit]

A dump like this with no news is just cheap coins for the whales

I don't see them buying. Do you?

[empowering]

A dump like this with no news is just cheap coins for the whales

I don't think this dump is related to any news, people are simply getting sick of waiting, some of them want to take profits while they can, but if somehow this is related to any news then you wont hear any now, many people have insider sources and they will act before all of us.

Sick of waiting? good then they deserve to get burned! If they have no patience, in one of the fastest moving markets in the world, then they do not deserve to make profits from it.   Jesus I have owned gold for 10 years....

actually define "deserve to get burned", if someone who bought coins from $0.10-10 is selling now and making at least 6000% (6000-600000%) profits is getting burned then yea let them get "burned"..... many of use bout double digit coins and so many bout single digit coins. so 500-1200 seems great if you ask me, beside this way coins change hands so it is a good thing... you know if you knew about wealth distribution you wouldn't mind what is happening now.

thats weird I already edited that out seconds after I wrote it...  they deserve not to earn money, if they are so impatient...   I do not wish anyone gets burned- not my style, but if people cannot invest and wait for it to do its thing then yes they do not deserve to make profit. Simple.

Also "if I knew about wealth distribution" what the ?? I have no idea what you mean by that.....  and incase you did not read properly... I do NOT mind what is happening now?

[lemonte]

Looks like we are about to find out if the wall at $575 is real or not.

[mmitech]

A dump like this with no news is just cheap coins for the whales

I don't think this dump is related to any news, people are simply getting sick of waiting, some of them want to take profits while they can, but if somehow this is related to any news then you wont hear any now, many people have insider sources and they will act before all of us.

Sick of waiting? good then they deserve to get burned! If they have no patience, in one of the fastest moving markets in the world, then they do not deserve to make profits from it.   Jesus I have owned gold for 10 years....

actually define "deserve to get burned", if someone who bought coins from $0.10-10 is selling now and making at least 6000% (6000-600000%) profits is getting burned then yea let them get "burned"..... many of use bout double digit coins and so many bout single digit coins. so 500-1200 seems great if you ask me, beside this way coins change hands so it is a good thing... you know if you knew about wealth distribution you wouldn't mind what is happening now.

thats weird I already edited that out seconds after I wrote it...  they deserve not to earn money, if they are so impatient...   I do not wish anyone gets burned- not my style, but if people cannot invest and wait for it to do its thing then yes they do not deserve to make profit. Simple.

again, people have different goals, so imagine if you bought between $1 - $10 and you bought a couple thousands of coins, there is a huge chance that you didn't even expect the price going to $1000 that fast, therefore when it happens you feel the urge and the need to sell some of your coins to enjoy the huge profits. (well except if you are a greedy bastard)


only few old members hang around here, not everyone bought at $1000.... I know personally many Bitcoiners who became millionaires after the last bubble.... did they keep all their Bitcoins ? of course not, they still keep some but they cashed some of their huge profits and made so much that they can put "Risto castle" to shame ... how do you think Risto bought his "castle" with hope, dreams and promises ?

[Dotto]

575 and falling like a stone, 520 seems probable in 24-48h

[ShroomsKit]

Even with that wall people keep on dumping. Real bad.
But i'm sure some people here will call that bullish.

[lay785]

Looks like we are about to find out if the wall at $575 is real or not.

lol part of the wall dissipated. obv was fake :p

[fred1111]

Looks like we are about to find out if the wall at $575 is real or not.

It probably is. The leveraged longs will start pannick selling into it one after the other. Maybe not now, but after a few more weeks of no sign of an upward trend. There is buying pressure, though the weak hands must be shaken before we can go up.

[ShroomsKit]

1 more medium sized dump and it's goodbye 575. After that we'll see panic.

[empowering]

A dump like this with no news is just cheap coins for the whales

I don't think this dump is related to any news, people are simply getting sick of waiting, some of them want to take profits while they can, but if somehow this is related to any news then you wont hear any now, many people have insider sources and they will act before all of us.

Sick of waiting? good then they deserve to get burned! If they have no patience, in one of the fastest moving markets in the world, then they do not deserve to make profits from it.   Jesus I have owned gold for 10 years....

actually define "deserve to get burned", if someone who bought coins from $0.10-10 is selling now and making at least 6000% (6000-600000%) profits is getting burned then yea let them get "burned"..... many of use bout double digit coins and so many bout single digit coins. so 500-1200 seems great if you ask me, beside this way coins change hands so it is a good thing... you know if you knew about wealth distribution you wouldn't mind what is happening now.

thats weird I already edited that out seconds after I wrote it...  they deserve not to earn money, if they are so impatient...   I do not wish anyone gets burned- not my style, but if people cannot invest and wait for it to do its thing then yes they do not deserve to make profit. Simple.

again, people have different goals, so imagine if you bought between $1 - $10 and you bought a couple thousands of coins, there is a huge chance that you didn't even expect the price going to $1000 that fast, therefore when it happens you feel the urge and the need to sell some of your coins to enjoy the huge profits. (well except if you are a greedy bastard)


only few old members hang around here, not everyone bought at $1000.... I know personally many Bitcoiners who became millionaires after the last bubble.... did they keep all their Bitcoins ? of course not, they still keep some but they cashed some of their huge profits and made so much that they can put "Risto castle" to shame (well Risto is one of them)... how do you think Risto bought his "castle" with hope, dreams and promises ?

I do not know why you are saying this to me... I think we are having two different conversations..  look back a couple of posts of mine, and you will see me say, if we go below $75 I will be meh, and below $10 I will be gutted... think about it.

You implied that the reason the price is going down is because "people are sick of waiting" well, if that is the case and they bought at $10  - and they are cashing out... oh no... let me get my violin and I will play a sad tune /s.  If people bought in higher, and people are sick of waiting, and they do not want to wait anymore, then that is up to them, but any profits they could gain, which they subsequently do not, and the reason that happens is "they got tired of waiting" then they do not deserve any profits from the price going higher... the whole point being, if they are expecting to make x 100 their money, in 6 months, with no effort, and with no stress, and no risk, and no waiting, then they do not deserve the profits.. that is the only point I was making...

 

[Dragonkiller]

1 more medium sized dump and it's goodbye 575. After that we'll see panic.

You keep saying how bad things are but AFAIK you never sell. So what is it? You clearly don't think things are as bad as you make out.

[ShroomsKit]

Looks like we are about to find out if the wall at $575 is real or not.

It probably is. The leveraged longs will start pannick selling into it one after the other. Maybe not now, but after a few more weeks of no sign of an upward trend. There is buying pressure, though the weak hands must be shaken before we can go up.

Ah, the good ol weak hands excuse. Don't you people get tired of repeating this with every dump?
As long as i'm reading this place i've seen people saying this. "We'll go up as soon as the weak hands are shaken".
If this would work we'd be at 10k by now.

[ShroomsKit]

1 more medium sized dump and it's goodbye 575. After that we'll see panic.

You keep saying how bad things are but AFAIK you never sell. So what is it? You clearly don't think things are as bad as you make out.

If i was a trader i would sell now for sure.
I'm 100% profit and riding this thing out. I still believe in it's long term success but not as much as before.

[Pump3r]

A dump like this with no news is just cheap coins for the whales

I don't think this dump is related to any news, people are simply getting sick of waiting, some of them want to take profits while they can, but if somehow this is related to any news then you wont hear any now, many people have insider sources and they will act before all of us.

Sick of waiting? good then they deserve to not make any money! If they have no patience, in one of the fastest moving markets in the world, then they do not deserve to make profits from it.   Jesus I have owned gold for 10 years....

WOOOOT?!

YOU ARE NOT SHOUTING, NOT SCREAMING, NO ROCKETS and no SODL???

A reasonable person here?! You must be some stupid PERMABEAR!

[ShroomsKit]

575. Buckle up

[empowering]

1 more medium sized dump and it's goodbye 575. After that we'll see panic.

You keep saying how bad things are but AFAIK you never sell. So what is it? You clearly don't think things are as bad as you make out.

If i was a trader i would sell now for sure.
I'm 100% profit and riding this thing out. I still believe in it's long term success but not as much as before.

Personally I have never believed in its long term success as much as I do now..

[manrus]

575 omnomnom

[diebuntekuh]

575 omnomnom

http://sd.keepcalm-o-matic.co.uk/i/keep-calm-and-om-nom-nom-101.png

 

[ChartBuddy]

Explanation

[magicmexican]

Touching 560 and bouncing from there perhaps? Quad bottom confirmed.