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

[solex]

atypical bottom forming?
back over 400 soon?
to the moon?

up, Up, or UP! ...I need answers poeple....

Not enough buying pressure yet. Could be a slow crawl like in Dec 2012.

[SmoothCurves]

1w chart on stamp looks eerily similar to May 2012. If we follow a similar pattern we will be looking at a 12-24 months of big price increases well above $10k and even as high as $100k.

[spooderman]

There is another way to evade this risk, and it's to spread your investment money over many different assets, but how many of you do that?

Hopefully most sensible adult posters do.

I recall a poll here in the Speculation sub-forum about what percentage of people's net worth was in Bitcoin. Only a few were all or mostly in Bitcoin, I seem to recall.

I've got more in antique musical instruments alone than in Bitcoin but I expect my bitcoins to be worth a lot more eventually. The one asset I'm thin in is fiat currency in the bank but most of my revenues are in fiat so that's not an issue.

I'm basically all in bitcoin. I bought a long time ago and it became worth more than anything else I've ever owned. I bought it because I believe it will succeed to the extent of not being a loss of money, and also because I approve of it. I think it is an emancipatory technology for the 99.9% The middle men who knowingly ruined economies from the 80s to the naughties can be made less relevant.

Most worthy tech of my generation yet.

[abercrombie]

atypical bottom forming?
back over 400 soon?
to the moon?

up, Up, or UP! ...I need answers poeple....

If... and only if... this drop was based on the fake Chinese news, then I don't see reason for further drop.

Never say never.

[podyx]

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?

Yea, we didn't quite reach $360(okcoin did reach $358 though and stamp $357)

[coinableS]

1w chart on stamp looks eerily similar to May 2012. If we follow a similar pattern we will be looking at a 12-24 months of big price increases well above $10k and even as high as $100k.

Pantera Capital believes we re-entered a bull market as of October this year...

[ChartBuddy]

Explanation

[8up]

1w chart on stamp looks eerily similar to May 2012. If we follow a similar pattern we will be looking at a 12-24 months of big price increases well above $10k and even as high as $100k.

Exactly. I wrote this some days ago: https://bitcointalk.org/index.php?topic=880752.0

[Wilhelm]

Looking at the 3d moving averages we are really close to a crossover. MA is touching and EMA is close
Can´t wait for it to pass so we officially enter the reign of bulls  

[Raystonn]

So, the sellers couldn't break the most recent low on 11/20.  If this holds it's yet another higher low.  That would be bullish.

[blacky90]

http://data.bitcoinity.org/markets/volume/5y?c=e&r=week&t=a&volume_unit=btc


 seems bullish to me

[aminorex]

So, when you see the changes in Greece in the last years you see two things at the same time: the 'washington treatment' and the 'austerity package'.

Re Greece, recommended:

http://m.foreignaffairs.com/articles/142196/pavlos-eleftheriadis/misrule-of-the-few

Explains so much, including why we will all be in the Greek situation soon.

[aminorex]

Monkey is making me very happy now.  I forgive him for calling an oil reversion prematurely. 

[criptix]

i think its time to close the shorts for now 

[adamstgBit]

i think its time to close the shorts for now 

didnt you hear blitz!?!?!  its time to accept reality.... 

[BitChick]

It's not about money, it's about evading the risk of bear markets that can devastate you, and even have you selling near the bottom because maybe you need money or maybe you actually are disillusioned because of your previous unrealistic hopes.

There is another way to evade this risk, and it's to spread your investment money over many different assets, but how many of you do that?

That is the plan.  Personally, I have real estate, 401K, etc.  But as the saying goes, "It takes money to make money."  There is a greater ability to spread wealth around when there is wealth to spread.  

Great. And no, you didn't lose money if you made money, btw. Losing unrealized gains isn't losing money same as winning unrealized losses isn't winning money. It's just winning less and losing less.
Maybe most people here are actually pretty sensible, or have been forced to become sensible by the bear market.

I think the general consensus has been lately that "Bitcoin isn't going anywhere."  This is what my hubby seems to think right now.  He seems to be affected by the movements, or lack thereof, more than I am.  When it is high he wants to buy more, when it is low he wants to sell.  Basically, doing the opposite of what he does would work well.  Not that I am perfect by any means.  I typically wanted to buy buy buy and never sell a coin!  This mentality can be problematic if and when some cash liquidity is needed.

But all of that said, I feel that the bear market has caused many to not invest or pull out their investments and put them somewhere else.  However these same people will be the ones that jump in and become entirely "insensible" when the market changes into a bullish one, which leads to such crazy spikes in price.

$10,000 per coin seems beyond belief but never underestimate the level of panic buying that can take place!  

[macsga]

So, when you see the changes in Greece in the last years you see two things at the same time: the 'washington treatment' and the 'austerity package'.

Re Greece, recommended:

http://m.foreignaffairs.com/articles/142196/pavlos-eleftheriadis/misrule-of-the-few

Explains so much, including why we will all be in the Greek situation soon.

+1
@grappa_barricata:

Unfortunately it's been proven very difficult for someone who lives in Greece to communicate the situation here to people living outside; and maybe are misinformed by the mass media (trust me - they excel at it). In our case, it's not only the IMF, but ECB too. Both are rulers and demand MORE austerity measures to fight the already beaten people. Please -if you have the time- take sometime to read Pavlo's report. Hopefully you will understand many more than what I'm trying to explain to you via this forum. I agree with you though. It's not simple; not simple at all.

Goodnight from Greece.

[coinmaster222]

Might help if everybody in Greece paid there taxes instead of running to the IMF every two minutes and the Troika said recently your still not paying them.Thats it blame everybody but yourselves

[Wandererfromthenorth]

BitChick,


When the trend line you posted broke, price went from $4 to $2. It halved. Wasn't that an excellent time to sell (if you didn't already)?
All the time in the world to buy back if you ever wanted to.

[Davyd05]

Here we are shitting bricks about bitcoin and oil is doing similar and getting bearish outlooks like this https://www.tradingview.com/v/oIgB9dwG/



man I aint even going to sweat it anymore... Blitz is totally right about getting diversification of assets in order, especially when you're riding huge unlocked in profits from a crypto that is still in price discovery.