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

[Boom143]

what's going on guys


396 wow

[1714993326]

1714993326

[1714993326]

1714993326

[empowering]

Feels so obvious that this is a buying point that probably the opposite will happen

I will have a few here at sub $400 .... and see how we go... still eyeballing $342 ish.

[JayJuanGee]

rpietila has now admitted that this might be the final capitulation.

it's perhaps the final capitulation.

Even the permabulls are starting to see the truth.

You are likely citing out of context (that's why you provided only a snip-it).... All fun and jokes, I suppose.

I have very little commented Bitcoin's price during the last months. It is soon 7 months that I bought my shorts back and now I am just waiting the price to rise, to enable me to sell and gain financial resources - or not rise, in which case I continue to concentrate on forum education and less money-consuming activities.

The buyback average in 2014-2-25 was $449 and the low $382. So we are now at about the same price. This time it feels worse, because the spring that compresses in flashcrashes and catapults the price up, seems to be broken.

If it is broken, then it's perhaps the final capitulation.

Nobody should employ an investment strategy with stop-losses. That is idiotic. If you don't think the investment is valuable (and thus becomes better when it becomes more undervalued), why the heck should you buy it at all? There are valuable things in the world that you can buy instead.

Nobody should gamble more than he can afford to lose. By following this, I am able to wait the price coming down, and at $300 I'll probably cut excess spending, at $200 refocus my time on earning money instead of fooling around and at $100 buy more bitcoins with my renewed positive cash flow.

Interesting to see how it works out. Have to say I am not a major player in this and that is due to another coin that is more mentioned in the Altcoin observer thread.

Well, it is good to see the context of that Risto quote... and if you think about the quote in context, Risto seems to be pumping Monero as much as he is referring to a possible BTC capitulation..

Maybe he really believes that bitcoin is NOT springing up in price like it used to do, but really seems stupid (or at least irritating for me to read) in context for him to be suggesting a potential downfall of btc before Monero has really taken a solid stance...

Personally, it seems that he is trying to hedge his bets in both BTC and Monero.. while taking other precautions in the event that BTC prices continue to fall and therefore, he seems to currently be preparing to buy more BTC in the $100s, if BTC prices were to go to such low levels.

[tarmi]

this is going to be a long weekend.

if rpietila is calling final capitulation wait for 266 at least.

[JayJuanGee]

rpietila has now admitted that this might be the final capitulation.

it's perhaps the final capitulation.

Even the permabulls are starting to see the truth.

When I read that he finally admitted something I tough about something totally different.

What?  you don't want to sling any mud... ?    That's fine...  A little mystery can be good. 

[mmitech]

Feels so obvious that this is a buying point that probably the opposite will happen

you are too invested to decide whether is it a buying point or not, I see that you are emotionally attached to your investment, a best move would be to lower your risk if you are not at a loss yet, but if you are then accept the consequences and hope for a fast recovery.

[abercrombie]

is crypto done?? 

[JayJuanGee]

Because my overinvested investments are underwater I have to invest alot more to hedge..

I wonder how this will end...

Don´t! Honestly, just don´t . Don´t start leveraging before you see a definite trend reversal. Catching knives with leverage is stupid as fuck.

I don't see myself having much choice here

I initially sold at 520 but for some reason bought back at 520 days later. If I would have just literally waited ONE MINUTE I would be all good and would be making alot of money right now because it immidately went down later and I would had no plans to buy back in in case it would go lower

You can wait 1-2 weeks more? Srsly, why do you want to go leverage long in a massive cowntrend? I don´t even say that you should sell your BTC. But leverage long right now is the way to lose everything. I wouldn´t start any fresh leverage position right now. If you´re in a green short from above 420$ you´re probably ok, when you have set your losses. I would rather recommend to gamble on black/red roulette in a casino thatn leverage long right now. But that´s just my opinion. Be careful

At what price would you say is a clear trend reversal? 500? 550?

Wait for a massive volume downspike and after it shoots up at least 25% and stays there for a time, and everything else looks bullish that´s the time when you wan´t to go all in. This could be at 150-350$. Probably t30%lower than in your worst expectations. You´ll know it then you see those 3-4k BTC buys happening

Podyx has to decide for himself whether he wants to leverage or NOT and whether he wants to buy on the way down or buy on the way up... I think Podyx already knows the concept of buy on the way down and sell on the way up...  but surely there are variations in investment strategies.. and Podyx needs to find his comfort.. and take with a grain of salt any advice from public forums like this... ..

We are NOT investment advisors and we are NOT able to see his whole investment package, even though he had given us several specifics.. .

JayJuanGee, someday when you expect it at least, i will stand right behind you and kick you in your nuts! Thanks for your kind words. They were as always very enlightening!

You have already figuratively kicked me in the nuts (from behind) several times - NOW you are considering accomplishing the same, "literally."   Fuck my life.   

[JayJuanGee]

this is going to be a long weekend.

if rpietila is calling final capitulation wait for 266 at least.

HELLO?

He is preparing for it... NOT calling it... ..


You bear trolls seem so inclined to take a mile when you get an inch.

OOFTA!!!!   

[Bittings]

People complain about bulls/hodlers as being greedy and delusional. Well now its the bears turn to be greedy and short-sighted.

Instead of FOMO fueling a bull market, we have here ROMO (regret of missing out) cheering this bear market. We have all the people who were mad they missed out on the price rises the past years.
The early adopter Hero Members, Legendaries, and even some Moderators who sold way too early and are butthurt that these newbies could come in and make all this money, when the newbs haven't even been here as long as them. Then the other group of late arrivers who never had the chance to purchase sub $300 coins. They complain about distribution of coins and how unfair that is to them, and love the trolls who are just here to bash Bitcoin.

The bears are banking on it reaching "their" price, the price they feel they deserve to buy at, and then, only then will the price rebound and the moon is allowed to happen. They cling to the TA that tells them the price "must" go down because CAPITALIZATION and COILED SPRING, just as much as the bulls cling to their exponential price curves.

The bears think the price will rebound because it has too, that is what is supposed to happen. Never once contemplating maybe if the price actually reaches their perfect bid, Bitcoin would be irrevocably harmed, to the point that no one gives a damn, and no one wins.

This too shall pass. Maybe Bitcoin is stronger than all this and the bears will get their prices and then everyone will be a bull and $100000 coins are here by December.

Yep that's whats going to happen, right bears?

[JayJuanGee]

Feels so obvious that this is a buying point that probably the opposite will happen

you are too invested to decide whether is it a buying point or not, I see that you are emotionally attached to your investment, a best move would be to lower your risk if you are not at a loss yet, but if you are then accept the consequences and hope for a fast recovery.

Actually, that is NOT bad... for once in a while mmitech said something a tiny bit helpful..

If a person is over-invested, then s/he should lower the exposure....... I agree with that.... even though this particular moment may NOT be the best time to accomplish such.. ,, but it is good to plan for lowering exposure in order to NOT be so emotionally attached to whatever you are doing in your trade.

[runam0k]

This pop simply isn't happening fast enough for it to be fatal.

We're not even close to where we were this time last year.  Heck, we haven't even reached this year's low.

$100 is even further away than that.

[mmitech]

People complain about bulls/hodlers as being greedy and delusional. Well now its the bears turn to be greedy and short-sighted.

Instead of FOMO fueling a bull market, we have here ROMO (regret of missing out) cheering this bear market. We have all the people who were mad they missed out on the price rises the past years.
The early adopter Hero Members, Legendaries, and even some Moderators who sold way too early and are butthurt that these newbies could come in and make all this money, when the newbs haven't even been here as long as them. Then the other group of late arrivers who never had the chance to purchase sub $300 coins. They complain about distribution of coins and how unfair that is to them, and love the trolls who are just here to bash Bitcoin.

The bears are banking on it reaching "their" price, the price they feel they deserve to buy at, and then, only then will the price rebound and the moon is allowed to happen. They cling to the TA that tells them the price "must" go down because CAPITALIZATION and COILED SPRING, just as much as the bulls cling to their exponential price curves.

The bears think the price will rebound because it has too, that is what is supposed to happen. Never once contemplating maybe if the price actually reaches their perfect bid, Bitcoin would be irrevocably harmed, to the point that no one gives a damn, and no one wins.

This too shall pass. Maybe Bitcoin is stronger than all this and the bears will get their prices and then everyone will be a bull and $100000 coins are here by December.

Yep that's whats going to happen, right bears?

[Searing]

This pop simply isn't happening fast enough for it to be fatal.

We're not even close to where we were this time last year.  Heck, we haven't even reached this year's low.

$100 is even further away than that.

I am carefully planning my meltdown when it goes below $150 usd .that will mean the 50 coin I've made on the knc jupiter from last fall
is below break even with the power supply

then I will likely have a very bad day

should really be anything under 350 usd because last march I got a 1st batch KNC NO REFUND NO ROI Titan don't ya know...but that
is more like I got ripped off (only offering 300mh even thou they said would match competition yeah right) ....so putting that under
I was 'scammed' category

but still it goes under 150 I will officially freak out....so don't feel bad it looks like I may join the others in the asylum here soonish

if nothing else in 2016 when their are like 12 of us left holding btc ..we can compare notes and see who wins by owning the least amount

fun times

[Wolf Rainer]

Ok, that was all. Im losing all my money.

How can you say that you're losing all your money on a 10% price change?

Im from Argentina... Two months ago bitcoin at 630 usd, now 380... That´s 40% down. One usd = 15 Argentinian pesos. $5000 Argentinian pesos = one month work. I have 3 bitcoins, so i lose $11250 pesos, that´s more than 2 months of work.

So what?  You are considering this way too short term, and sounds like you have overinvested.

I do not invest... I get paid in bitcoins for my work.

[tarmi]

this is going to be a long weekend.

if rpietila is calling final capitulation wait for 266 at least.

HELLO?

He is preparing for it... NOT calling it... ..


You bear trolls seem so inclined to take a mile when you get an inch.

OOFTA!!!!   

[mmitech]

I bought $10K worth of another coin (not really an alt) that I am not going to reveal so no one will call me a pumper or have some agendas for "fulfilling my books"... when time comes I will talk about it

[akujin]

Uh-oh! 

[AirFlame]

This is so manipulated as hell... In a second there is sells on Bitstamp 30 - 100

[grappa_barricata]

some serious sell walls popping out...