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

[ShroomsKit]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Because one of these days the price will move upwards past 600 to never return.

Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.

When exactly are these weak hands done selling? I think i read that same sentence at least 50 times by now over the last 1.5 years.

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[ShakyhandsBTCer]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Because one of these days the price will move upwards past 600 to never return.

Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.

When exactly are these weak hands done selling? I think i read that same sentence at least 50 times by now over the last 1.5 years.

And the price did great in the last 1.5 years

I think the argument is bullshit too, though

[inca]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Because one of these days the price will move upwards past 600 to never return.

Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.

When exactly are these weak hands done selling? I think i read that same sentence at least 50 times by now over the last 1.5 years.

Its a cycle. See the last few bubbles.

[samsonn25]

I agree.

More than likely there are not buyers at the price, rather than the weak hands selling. 

If anything the miners are selling every day.

[Davyd05]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Because one of these days the price will move upwards past 600 to never return.

Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.

When exactly are these weak hands done selling? I think i read that same sentence at least 50 times by now over the last 1.5 years.

bro the price sustaining itself alone means its growing imo, could you relax just a bit...the bull run happens when the bulls run happens...who knows when they'll feel tightly cornered and then stampede at some breaking point. Let time do its thing...I've yet to even hold bitcoin for a year...

[ChartBuddy]

Explanation

[Kipsy89]

Yeah man, so said to see us being stuck below 600 all the time. I remember when we were at 650 again and thinking "Man, good thing we left those 500s behind us, we'll never have to go there again"... How wrong I was, man... Sad thing!

[Dalmar]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Most of the time those panic buy spurts are due to bots anticipating a break out. So, that type of behavior is actually to be expected.

[ShakyhandsBTCer]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Most of the time those panic buy spurts are due to bots anticipating a break out. So, that type of behavior is actually to be expected.

Yes that combined with the strong fear of missing out. There would be no tops if nobody buys there

[samsonn25]

so we can outsmart the bots by selling high, and buy back low?

[ShakyhandsBTCer]

so we can outsmart the bots by selling high, and buy back low?

If you can move the market enough to make it seem like a break out, then yeah, why not.

[JayJuanGee]

Why would you hold Garbagecoin or fiat when it depreciates while you hold it.  Why not immediately exchange your Garbagecoin for BTC that holds its value (or appreciates), and then spend it when you want to spend money? 

People still use dollar bills all the time for their convenience, not bothered by the fact that dollar bills lose 1% (or whatever) per year of purchase power.   People who want to store value do not save dollar bills, they buy stocks, Treasury bonds, real estate, etc..  Why would it not be the same with Bitcoin vs. Garbagecoin?

Only problem is that stocks pay dividends, bonds pay uinterest, but bitcoin is worth anything only if people will want to buy it for use as currency...

That is what a "business plan"  would have to do: describe an economic scenario for bitcoin such that individuals (including ordinary consumers as well as miners, entrepreneurs, big investors, etc.), acting on their self-interest, would tend to maintain that scenario, or at least would not destroy it right away.

The point is that with bitcoin (in the endgame, when it is more stable and super user-friendly) they won't have to buy stocks, bonds etc. to get the same benefits that fiat delivers today.  
Real estate is only for rich people.  Bonds and stocks somewhat less so.  However there are fees associated with moving in and out of bonds, stocks etc. .   If you want to buy and sell bitcoin on an exchange now, there are also fees associated with it, but when more people use it for buying their pizza, paying out salaries etc., this won't be the case.  
Moreover, bitcoin would be more liquid, divisible and fungible than stocks, and therefore more desirable in a transaction.

I believe that the stage that you are referring to Spaceman_Spif, is so far off into the future and would cause considerable changes in various dynamics, including that some of these other investments, such as stocks bonds and real estate would adjust to bitcoin... and they also may be decent and competitive investments.... even though as you say, BTC would likely remain a decent store of value, relatively speaking...... HOWEVER, there will likely continue to be ways that "the man" will continue to attempt to screw various little guy and regular people out of any benefits from BTC or cause ways to exploit people and create incentives for work.... b/c likely there are still going to be needs for various kinds of work, even if toilet cleaning becomes somewhat automated.

[ChartBuddy]

Explanation

[JayJuanGee]

And it's over already. Now everyone will sell to get their 50 bucks profit and we'll be back where we started.

don't forget the people that panic bought and immediately panic sold for a 50 dollar loss. there's plenty of those here too.

Oh believe me. I'm pretty sure only a very small % of the traders actually make profit. Making this constant dumping even more stupid.

Did you not participate in this stupid dumping? Makes it you stupid as well in this case?

Gotta stick up for Shroomie, here.  You can recognize and criticize dumping and manipulation without participating in it.  B/c in the end, even if you are 95% sure of the pattern, you still may NOT be able time your getting in and out specifically enough to make the amount of profit worth the risk.

[falllling]

bitcoin is not going to anywhere but down

[iram3130]

bitcoin is not going to anywhere but down

Lol, you are talking like your nick, only falling.
We are on weekend and market not moving. Most probably we will going to upside on weekdays.

[ChartBuddy]

Explanation

[falllling]

and the trolls keep oozing out the woodwork lol, this place just carries on being a cesspit of idiots and trolls, talking such pathetic nonsense that it just makes you wonder why the hell you keep checking this thread.

drop your unrealistic hope!

[empowering]

bitcoin is not going to anywhere but down

Bitcoin is going to go up a little bit, down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit,down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit,  down a tiny bit, up a tiny bit,down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit,  sideways a tiny bit, down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit, then UP A SHIT LOAD , then down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit,down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit,  down a tiny bit, up a tiny bit,down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit,  sideways a tiny bit, down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit, then UP A SHIT LOAD..


This much is more certain than "Bitcoin is going nowhere but down"  imo.

[hyphymikey]

Why do people continue to quote the trolls?