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

[mmitech]

Some protocols are doing fine.  

I am facing a problem here, well it is more of dilemma than a problem, to consider Ripple a disruptive technology or not.... with Bitcoin being special because of the decentralized Blockchain technology, ripple doesn't seem  disruptive at anything but rather a "corporate" or "IPO" investment kind of.... so the big questions is: "is it worst investing at all ?"


Edit:one thing I know for sure is that Bitstamp owners made a shitload of money out of it, maybe they made more on Ripple than they made of Bitcoin.

[hdbuck]

https://www.tradingview.com/v/7ssFMZmi/
Big news next week?

[podyx]

https://www.tradingview.com/v/7ssFMZmi/
Big news next week?

A big bull trap?

Really??

[Wandererfromthenorth]

Some protocols are doing fine.  

I am facing a problem here, well it is more of dilemma than a problem, to consider Ripple a disruptive technology or not.... with Bitcoin being special because of the decentralized Blockchain technology, ripple doesn't seem  disruptive at anything but rather a "corporate" or "IPO" investment kind of.... so the big questions is: "is it worst investing at all ?"

No.

[fonzie]

In my dreams i saw a bottom well tested with nice volume especially from China.
It´s funny that todays chart looks almost exactly like in my dreams. 

[ShroomsKit]

https://www.tradingview.com/v/7ssFMZmi/
Big news next week?

We'd need news bigger than Paypal to go up. And even if that would happen all the traders will dump after we go up 30 bucks to take their profit.
You can rule out good news as a reason to go up again.

[79b79aa8d5047da6d3XX]

 It has been longer than any other bear market in bitcoin's entire 5-year history.

not sure how you are counting.

BTC hit $32 on june 2011. It only hit that mark again on february 2013, 620 days later.  It has been around 300 days since last ATH.

[justusranvier]

 It has been longer than any other bear market in bitcoin's entire 5-year history.

not sure how you are counting.

BTC hit $32 on june 2011. It only hit that mark again on february 2013, 620 days later.  It has been around 300 days since last ATH.

Math isn't his strong point...

[dakota neat]

Price is simply not reflecting what's going on in the crypto space, it's a bear bubble.

[adamstgBit]

theres very little time left.

[HerrAndreas]

theres very little time left.

dont panic,
time is infinite.

[podyx]

 It has been longer than any other bear market in bitcoin's entire 5-year history.

not sure how you are counting.

BTC hit $32 on june 2011. It only hit that mark again on february 2013, 620 days later.  It has been around 300 days since last ATH.

It hit $2 after it hit $32

It WAS a bullmarket, check your charts bro!

[gizmoh]

STOP with that unsustainable BEAR BUBBLE Now

[S3052]

Good lord, are we ever going to find the fkn bottom of this market?  Or just continue to slide $10/week ad infinum?

Unbelievable this crap.

Why is this so unbelievable?
I dont understand why people are so surprised about that. BTCUSD is down about 70% from its high. It is a bear market.

It's always better to follow unbiased technical chart analysis versus letting your emotions "bitcoin love" guide your investment or trading.

I love bitcoin , too. But I have 0 bitcoins right now.

I have to call you out on this.  You have zero bitcoins?  Yet you love Bitcoin?  Sorry I don't buy it.  Anyone who actually loves bitcoin understands bitcoin.  Anyone who understands bitcoin knows that you can't always trust technical analysis due to unforeseen events. Even if you were a perfect chart analyst I don't buy it. 

If there is an unforeseen event he'll have time to buy back in. Risk/reward.

you are right. it is actually less than 0 , because I hold a net short position (-1.5% of portfolio short BTC)

[S3052]

Good lord, are we ever going to find the fkn bottom of this market?  Or just continue to slide $10/week ad infinum?

Unbelievable this crap.

Why is this so unbelievable?
I dont understand why people are so surprised about that. BTCUSD is down about 70% from its high. It is a bear market.

It's always better to follow unbiased technical chart analysis versus letting your emotions "bitcoin love" guide your investment or trading.

I love bitcoin , too. But I have 0 bitcoins right now.

I have to call you out on this.  You have zero bitcoins?  Yet you love Bitcoin?  Sorry I don't buy it.  Anyone who actually loves bitcoin understands bitcoin.  Anyone who understands bitcoin knows that you can't always trust technical analysis due to unforeseen events. Even if you were a perfect chart analyst I don't buy it. 

If there is an unforeseen event he'll have time to buy back in. Risk/reward.

you are right. it is actually less than 0 , because I hold a net short position (-1.5% of portfolio short BTC)

And, ... there is absolutely no urgency to get back in. I may get in fast if I see a clear sell off and subsequent reversal or, I can take time and get back him when it is showing signs of an uptrend. But the worst thing in investing is to catch the falling knife. After protencting gains above 1000 $, it is not a big deal to buy back in at 400, 500, or 600. It is still outperforming buy and hold big time.

[ChartBuddy]

Explanation

[yokosan]

The rise from 2011 - 2014 will pale in comparison between the rise from 2014 - 2016. That is how exponential growth works.

More people than ever have been exposed to bitcoin now. It is only a matter of time before the explosion hits.

Price could increase by more than $1,000/day. Don't miss it.

[fonzie]

STOP with that unsustainable BEAR BUBBLE Now

There are clearly not nearly enough  supporters (short/sellers) to sustain this madness any longer. Have you ever heard about the tulips, south sea, beanie baby anything. The Bitcoin Bear Bubble(BBB) 2014 will be the next big one that pops. You have been warned! Fuckin Cultists!

[BitChick]

The rise from 2011 - 2014 will pale in comparison between the rise from 2014 - 2016. That is how exponential growth works.

More people than ever have been exposed to bitcoin now. It is only a matter of time before the explosion hits.

Price could increase by more than $1,000/day. Don't miss it.

I am a permabull.  I am a long term holder.  I believe in BTC will have another big bubble but $1000/day!?  Even I have a hard time wrapping my brain around that.

But, OK.  So be it! 

[adamstgBit]

The rise from 2011 - 2014 will pale in comparison between the rise from 2014 - 2016. That is how exponential growth works.

More people than ever have been exposed to bitcoin now. It is only a matter of time before the explosion hits.

Price could increase by more than $1,000/day. Don't miss it.

I am a permabull.  I am a long term holder.  I believe in BTC will have another big bubble but $1000/day!?  Even I have a hard time wrapping my brain around that.

But, OK.  So be it! 

its not that hard to imagine when you open your mind to the fact that the cult is growing exponentially