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

[AirFlame]

I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

No paranoia my friend i am nervous too. But i think bitcoin will survive as technology

[njcarlos]

I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

paranoia is driving prices...

we are doomed!

I'm fighting off the urge to cut my losses and accumulate a bit more later on. I think if we breach $360 I'll be doing that... it's hard not to. I lose money everytime I try to time downturns but this feels a bit different for some reason. Might still just hold and accumulate w/ fresh fiat if we go much lower. This paranoia isn't helping

No paranoia my friend i am nervous too. But i think bitcoin will survive as technology

I believe that as well. It's the only reason I'm holding and buying on each dip at certain price points.

[ImI]

I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

tbh same here

low 100s possible imo

its a shame but apart from the etf i cant imagine any impulse which could turn this ship around. pretty bearish view i know. maybe its a good sign that bulls like me get bearish idunno.

[JorgeStolfi]

Man...these dumps! Where do these coins keep coming from!

2011-2012?

Possible, if they were bought below 20$ the sellers are still making a nice profit.
But they had so much time to sell at 1,000$, then at 800$, 600$, 500$...

Doesn't look so
https://blockchain.info/charts/bitcoin-days-destroyed

Change that plot to log scale.  You will see that the number of bitcoin-days destroyed per day varies roughly between 2 million and 15 million.  (On my screen, that range of 13 million BTC spans about 5 millimeters on the vertical scale.)

Indeed, since the total transaction output volume is around 500'000 BTC per day, it follows that bitcoins that are being moved today were last moved 4 to 30 days ago, *on the average*.

However, if someone moves to an exchange a pack of 1'000 BTC that he acquired 1000 days ago (in early 2012),  that would be only 1 million bitcoin-days destroyed.  It would be practically invisible on that plot.  And everybody knows that a 20'000 BTC hoard must be sold gradually --- and that one should never deposit into an exchange more than what is needed for immediate trading...

The point is that  the "bitcoin-days destroyed" plot will not tell us whether old-timers are dumping or not.

[ImI]

I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

No paranoia my friend i am nervous too. But i think bitcoin will survive as technology

bitcoin could easily survive as technology with price being 10$ and lower....

[fonzie]

Swaps Opened 24h

3,195.03




NOT BAD

[oyyoyoyoyo]

Holy shit,check the Satoshi wallets!  

[adamstgBit]

I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

paranoia is driving prices...

we are doomed!

I'm fighting off the urge to cut my losses and accumulate a bit more. I think if we breach $360 I'll be doing that... it's hard not to. I lose money everytime I try to time downturns but this feels a bit different for some reason. Might still just hold and accumulate w/ fresh fiat if we go much lower. This paranoia isn't helping

when you feel you've hit rock bottom, sell all your bitcoins.

[Thomas-s]

Holy shit,check the Satoshi wallets!  

uh oh  

[podyx]

For the first time i'm wiring loaned money to exchange. Let's see how this turns out (will be waiting for better price though. I'm thinking maybe $280 unless we see a clear reversal)

Maybe i'm already ruining my moneymaking career or my life for that matter but gotta give it a shot

Worst case scenario, i'm sure someone of you nice fellas can get me a g23 so i can blow my fucking brains out (Living in sweden it's tricky to get guns)

[njcarlos]

when you feel you've hit rock bottom, sell all your bitcoins.

I'm sensing sarcasm? If yes, I mean, if I'm selling at $360 I don't feel like I've hit rock bottom, I feel like a rock bottom is eminent... hehe.

[adamstgBit]

For the first time i'm wiring loaned money to exchange. Let's see how this turns out

Maybe i'm already ruining my cash game career or my life for that matter.

Worst case scenario, i'm sure someone of you nice fellas can get me a g23 so i can blow my fucking brains out (Living in sweden it's tricky to get guns)

you're not sane right now

step away from bitcoin and come back next year.

[adamstgBit]

when you feel you've hit rock bottom, sell all your bitcoins.

I'm sensing sarcasm? If yes, I mean, if I'm selling at $360 I don't feel like I've hit rock bottom, I feel like a rock bottom is eminent... hehe.

thats only slightly better. 

[Darkmatter12]

For the first time i'm wiring loaned money to exchange. Let's see how this turns out

Maybe i'm already ruining my cash game career or my life for that matter.

Worst case scenario, i'm sure someone of you nice fellas can get me a g23 so i can blow my fucking brains out (Living in sweden it's tricky to get guns)

you're not sane right now

step away from bitcoin and come back next year.

When the price will be $2000+ ehhmm okay
if you're sane you can't make any profit in btc

[njcarlos]

thats only slightly better. 

As long as it's not the worst outcome, it's the best option.

[adamstgBit]

nice buys batman

edit: and there's the joker....

[njcarlos]

nice sells joker

[podyx]

For the first time i'm wiring loaned money to exchange. Let's see how this turns out

Maybe i'm already ruining my cash game career or my life for that matter.

Worst case scenario, i'm sure someone of you nice fellas can get me a g23 so i can blow my fucking brains out (Living in sweden it's tricky to get guns)

you're not sane right now

step away from bitcoin and come back next year.

Nah I'm sane. It's just that I'm all in with my money so I find myself in a situation where I have 2 decicions to make, both which happens to be very stupid decisions.

Either I just sit this one out, not taking advantage of this terrific opportunity OR I loan money and invest them going big!

I honestly feel better going with the latter but it is a very nervewrecking thought and it's definately easier to not give a fuck and just go with the former and just sit it out.

Thoughts are welcome

[JayJuanGee]

shits taking heat

imo, it feels like something is just terribly off, anyone else got this feeling?

I can't help but think if bitcoin is going anywhere, we should have a huge fucking bull market pretty fucking soon and I just don't see how we can have that from $300

Let's say it would go to $10k and that's still more then a 30k% ROI (From $300). Shit just doesn't make sense..

I get what you are saying.....

It is NOT impossible to have such an enormous (gigantic) ginormous rise in prices - eg from $300 to $10k; however, the lower that BTC prices go, the more difficult it becomes to imagine such an upward BTC price explosion.... .. such as 30x...

NONETHELESS, there are likely some big enough bull whales (angel whales) that know that they have it within their power to pump BTC to such prices and beyond on their own and possibly with only a little cooperation from the masses... who would start jumping on board if they begin to see considerable and ongoing BTC price appreciation(s).

[AirFlame]

3rd time it bounces from $360