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

[Newbie1022]

I thought we would bounce to $360 atleast

guess not?

In time, brother. We have to go down before we go up. 315-320 is probably the next testing point.

2h charts looks like it will bounce to $360 before contionuing further down

No, it really doesn't. 355 if you are lucky.

Looks like I'm right

Why do I keep listening to these losing traders...

I was wrong... by 60 cents (I'm trading on BFX). I rode from 344 to 354 (which was just being greedy) and reset a short there. I'm happy you got the extra 60 cents... maybe... pal. But, if you are waiting for 360 it is on the other side of this loop... might be a week or two.

Note: If we break 2200 and break it with any force I'd gladly admit I'm wrong and pivot out of my position. The thing about traders is that they don't think they are always, right. They play stops and hedge their bets. They only need to be right half of the time, if even. By contrast, hodlers think they are omniscient and never cut their losses.

[jonoiv]

I thought we would bounce to $360 atleast

guess not?

In time, brother. We have to go down before we go up. 315-320 is probably the next testing point.

2h charts looks like it will bounce to $360 before contionuing further down

No, it really doesn't. 355 if you are lucky.

Looks like I'm right

Why do I keep listening to these losing traders...

I was wrong... by 60 cents (I'm trading on BFX). I rode from 344 to 354 (which was just being greedy) and reset a short there. I'm happy you got the extra 60 cents... maybe... pal. But, if you are waiting for 360 it is on the other side of this loop... might be a week or two.

Note: If we break 2200 and break it with any force I'd gladly admit I'm wrong and pivot out of my position. The thing about traders is that they don't think they are always, right. They play stops and hedge their bets. They only need to be right half of the time, if even. By contrast, hodlers think they are omniscient and never cut their losses.

2200 could be be broke in 20 mins. 

[LFC_Bitcoin]

...
Keep accumulating.

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

Duplicate account ^^^

[Newbie1022]

I thought we would bounce to $360 atleast

guess not?

In time, brother. We have to go down before we go up. 315-320 is probably the next testing point.

2h charts looks like it will bounce to $360 before contionuing further down

No, it really doesn't. 355 if you are lucky.

Looks like I'm right

Why do I keep listening to these losing traders...

I was wrong... by 60 cents (I'm trading on BFX). I rode from 344 to 354 (which was just being greedy) and reset a short there. I'm happy you got the extra 60 cents... maybe... pal. But, if you are waiting for 360 it is on the other side of this loop... might be a week or two.

Note: If we break 2200 and break it with any force I'd gladly admit I'm wrong and pivot out of my position. The thing about traders is that they don't think they are always, right. They play stops and hedge their bets. They only need to be right half of the time, if even. By contrast, hodlers think they are omniscient and never cut their losses.

2200 could be be broke in 20 mins. 

We'll see. Be careful with any U-turns if it goes to like 2205 and then stalls. The whales have been burning lazier traders lately (they get you to pivot out of your position and, if you reverse to quickly, burn you).  

[NotLambchop]

...
You can call me a fool, or anything you like really; but I'm very well educated, father of one and I love my country. Mark my words here:
Greece is the canary in the coalmine. EU's countries belong to a chain. If a part is broken, the chain will follow. Now I want you to remember what has happened last year before the BTC Rally. Let me refresh your memory. CYPRUS!

Keep your money to the banks. Or not. Your choice.

Cheers.

Lol, Bitcoin is still fresh in Cypriot minds

[JimboToronto]

...
Keep accumulating.

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

LOLOLOLOLOLOL

Where'd you dig that up from? Spend hours dredging through my post history? Get a life, noob.

Hahahahaha

I don't usually make predictions and you can see why.

Obviously thoughts of an ATH by mid-summer were a little premature, despite being the majority opinion here at the time.

Did you notice I used the words "probably" and "possibly"? Just in case English isn't your first language, the words mean that I wasn't saying we would reach the suggested prices, but rather that I was speculating that we may have been on the way to reaching them.

While most of us may have been a little ahead of ourselves at that time, don't completely discount the possibility of reaching 5 digits some time next year, possibly even by next May.

I'll give you the benefit of doubt and assume you're just a bumbling noob and not another ridiculous troll.

LOLOLOL

 

[jonoiv]

We'll see. Be careful with any U-turns if it goes to like 2205 and then stalls. The whales have been burning lazier traders lately (they get you to pivot out of your position and, if you reverse to quickly, burn you).  

i'm not trading so the little swings don't effect me so much.  Just looking at the 2 hour MACD, I presume it will cause a spike.  whether it's upto 2200 so soon i'm not sure, but 2200 is a dead cert over 2100 imho.

[Newbie1022]

...
Keep accumulating.

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

LOLOLOLOLOLOL

Where'd you dig that up from? Spend hours dredging through my post history? Get a life, noob.

Hahahahaha

I don't usually make predictions and you can see why.

Obviously thoughts of an ATH by mid-summer were a little premature, despite being the majority opinion here at the time.

Did you notice I used the words "probably" and "possibly"? Just in case English isn't your first language, the words mean that I wasn't saying we would reach the suggested prices, but rather that I was speculating that we may have been on the way to reaching them.

While most of us may have been a little ahead of ourselves at that time, don't completely discount the possibility of reaching 5 digits some time next year, possibly even by next May.

I'll give you the benefit of doubt and assume you're just a bumbling noob and not another ridiculous troll.

LOLOLOL

 

Dude, seriously. Podyx just criticized my assessment on the market earlier when I was roughly 60 cents off. You, by contrast, were thousands of dollars off. That's worthy of repeat shaming. I mean, geez, if 60 cents gets a comment... thousands of dollars... sorry, but really?

[JorgeStolfi]

Link to a good explanation of this?

There is a thread on this forum devoted to the problem. Apparently it is similar to another
occurrence in April 2014:
https://bitcointalk.org/index.php?topic=581411.0

The posts specific to the Blockchain.info incident start around here:
https://bitcointalk.org/index.php?topic=581411.msg9774894#msg9774894

[ChartBuddy]

Explanation

[Newbie1022]

We'll see. Be careful with any U-turns if it goes to like 2205 and then stalls. The whales have been burning lazier traders lately (they get you to pivot out of your position and, if you reverse to quickly, burn you).  

i'm not trading so the little swings don't effect me so much.  Just looking at the 2 hour MACD, I presume it will cause a spike.  whether it's upto 2200 so soon i'm not sure, but 2200 is a dead cert over 2100 imho.

Reasonable. I wouldn't call it a certainty. But reasonable read.

[riiiiising]

...
Keep accumulating.

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

LOLOLOLOLOLOL

Where'd you dig that up from? Spend hours dredging through my post history? Get a life, noob.

Hahahahaha

I don't usually make predictions and you can see why.

Obviously thoughts of an ATH by mid-summer were a little premature, despite being the majority opinion here at the time.

Did you notice I used the words "probably" and "possibly"? Just in case English isn't your first language, the words mean that I wasn't saying we would reach the suggested prices, but rather that I was speculating that we may have been on the way to reaching them.

While most of us may have been a little ahead of ourselves at that time, don't completely discount the possibility of reaching 5 digits some time next year, possibly even by next May.

I'll give you the benefit of doubt and assume you're just a bumbling noob and not another ridiculous troll.

LOLOLOL

 

Come on guys, he only said "probably", so he's totally justified in being thousands of dollars off in his prediction  

I luv this place. So many funny people!

[JorgeStolfi]

Some politics for the sceptics here. Many of you may, right about now, have comprehended that Greece has been the paradigm of EU politics with austerity measures that outraged the citizens and teared apart all the social structures.

It would have been a better paradigm if the people had revolted, and kicked the monetarist government out.  Austerity measures are not meant to cure a crisis, but to profit from it, transferring an inordinate amount of wealth from the people to the bank owners.

But, of course, it is easy to demand revolution in other people's countries. 

[Bagatell]

...
Keep accumulating.

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

LOLOLOLOLOLOL

Where'd you dig that up from? Spend hours dredging through my post history? Get a life, noob.

Hahahahaha

I don't usually make predictions and you can see why.

Obviously thoughts of an ATH by mid-summer were a little premature, despite being the majority opinion here at the time.

Did you notice I used the words "probably" and "possibly"? Just in case English isn't your first language, the words mean that I wasn't saying we would reach the suggested prices, but rather that I was speculating that we may have been on the way to reaching them.

While most of us may have been a little ahead of ourselves at that time, don't completely discount the possibility of reaching 5 digits some time next year, possibly even by next May.

I'll give you the benefit of doubt and assume you're just a bumbling noob and not another ridiculous troll.

LOLOLOL

 

Come on guys, he only said "probably", so he's totally justified in being thousands of dollars off in his prediction  

I luv this place. So many funny people!

Maybe he was just off on timing. Time will tell.

[BitChick]

...
Keep accumulating.

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

LOLOLOLOLOLOL

Where'd you dig that up from? Spend hours dredging through my post history? Get a life, noob.

Hahahahaha

I don't usually make predictions and you can see why.

Obviously thoughts of an ATH by mid-summer were a little premature, despite being the majority opinion here at the time.

Did you notice I used the words "probably" and "possibly"? Just in case English isn't your first language, the words mean that I wasn't saying we would reach the suggested prices, but rather that I was speculating that we may have been on the way to reaching them.

While most of us may have been a little ahead of ourselves at that time, don't completely discount the possibility of reaching 5 digits some time next year, possibly even by next May.

I'll give you the benefit of doubt and assume you're just a bumbling noob and not another ridiculous troll.

LOLOLOL

 

Many of us thought the same thing.  Maybe we are just a year off?  2012 was an "off" year too for BTC so perhaps every other year is when we have growth in price?

Let's shoot for 2015 then.  

[NotLambchop]

...Obviously thoughts of an ATH by mid-summer were a little premature...

Don't be so hard on yourself, hindsight's always 20/20, amirite?




Now "hit anywhere from $7000 to $12,000," that's the lulzy bit

@BitChick:  Kids looking forward to Christmas?

[JimboToronto]

LOLOLOLOLOLOL

Where'd you dig that up from? Spend hours dredging through my post history? Get a life, noob.

Hahahahaha

I don't usually make predictions and you can see why.

Obviously thoughts of an ATH by mid-summer were a little premature, despite being the majority opinion here at the time.

Did you notice I used the words "probably" and "possibly"? Just in case English isn't your first language, the words mean that I wasn't saying we would reach the suggested prices, but rather that I was speculating that we may have been on the way to reaching them.

While most of us may have been a little ahead of ourselves at that time, don't completely discount the possibility of reaching 5 digits some time next year, possibly even by next May.

I'll give you the benefit of doubt and assume you're just a bumbling noob and not another ridiculous troll.

LOLOLOL

 

Dude, seriously. Podyx just criticized my assessment on the market earlier when I was roughly 60 cents off. You, by contrast, were thousands of dollars off. That's worthy of repeat shaming. I mean, geez, if 60 cents gets a comment... thousands of dollars... sorry, but really?

Reading comprehension not that great?

I didn't say that bitcoins would be worth thousands. Echoing the popular sentiment of the time (seven freaking months ago), I suggested the possibility/probability of that happening.

My post was more about some foolish noob digging up some obscure ancient post to use as a "rebuttal" to my post about accumulating. Sigh.

My ignore list is very short, just 2 extremely obnoxious and arrogant cretins, and despite your obvious troll attempts in the past, I hadn't considered putting you on it, but you're wearing my patience thin.

I'll say the same thing I told the noob who apparently wasted a great deal of time (or was extremely lucky) sifting through my post history to try to find something they could call me on...

Get a life.

[macsga]

Some politics for the sceptics here. Many of you may, right about now, have comprehended that Greece has been the paradigm of EU politics with austerity measures that outraged the citizens and teared apart all the social structures.

It would have been a better paradigm if the people had revolted, and kicked the monetarist government out.  Austerity measures are not meant to cure a crisis, but to profit from it, transferring an inordinate amount of wealth from the people to the bank owners.

But, of course, it is easy to demand revolution in other people's countries. 

A shift change would be also nice. Left party seems more determined. I guess we'll see.

[N12]

BitChick, I normally don't do this, but maybe you should have listened to the FUD spreaders rather than the hopium sellers and decreased risk exposure so that you don't keep being addicted to the Hopium.

We have seen the ups and downs and have realized it all works out in the end. 

This is the great delusion that markets bestow upon people, that a trend is invulnerable and "it all works out in the end" almost sounds like religious faith. I know that nothing I can say could possibly make you think otherwise, but still, please consider how you would react if Bitcoin slid 80% or 90% from here during the next 6 months. Even if the probability is small, are you ready for it?

Because this has happened before, and it happened in this very asset (even if you tell me that times are "different" now – well, to compensate, the price is higher to begin with!). I remember that time well. At the time, there was a long-term log support trendline, too, that was being drawn by everyone in this forum. It was violently BROKEN:



And guess what? That break ended up being the best time to buy. But few bought, for few had money to spare, and many of those who did have given up on Bitcoin. I will tell you that all along this decline, there was plenty of good news as well. I believe Bitpay was created amidst the bear market for example.

All I want to say is that eventually, all trends break. Prepare yourself for the improbable, because it is devastating to lose almost all of your wealth. Do not let your mind be compromised by Bitcoin cultists. Let this be a lesson from a former Bitcoin cultist who has made a fortune off Bitcoin by turning himself into a Bitcoin pragmaticist.

[LFC_Bitcoin]

@Blitz - How much have you made through BTC?

I wish I knew about it in 2011.