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

[tarmi]

Still relatively confident that Bitcoin will remain above 1 billion market cap.

What do you guys think? Is 1 billion market cap going to hold?

werent you the one screaming few weeks ago about downtrend bottoming at 275 and ridiculing bearwhale for selling 30 k @ 300?

[1714753961]

1714753961

[1714753961]

1714753961

[N12]

Still relatively confident that Bitcoin will remain above 1 billion market cap.

What do you guys think? Is 1 billion market cap going to hold?

werent you the one screaming few weeks ago about downtrend bottoming at 275 and ridiculing bearwhale for selling 30 k @ 300?

Yes, I was the one calling for a mid to long term bull trend since 5th of October. Turns out it materialized, and then it ended some time ago.

And yes, I was also the one calling the guy stupid who chose to sell his entire 30k BTC in one day on one exchange at the worst possible time. Noone remotely experienced with money would handle it this way.

But, now you'll have to remind me, weren't you the one short in the 200s and laughing at me for suggesting upside?

[tarmi]

Still relatively confident that Bitcoin will remain above 1 billion market cap.

What do you guys think? Is 1 billion market cap going to hold?

werent you the one screaming few weeks ago about downtrend bottoming at 275 and ridiculing bearwhale for selling 30 k @ 300?

Yes, I was the one calling for a mid to long term bull trend since 5th of October. Turns out it materialized, and then it ended some time ago.

And yes, I was also the one calling the guy stupid who chose to sell his entire 30k BTC in one day on one exchange at the worst possible time. Noone remotely experienced with money would handle it this way.

But, now you'll have to remind me, weren't you the one short in the 200s and laughing at me for suggesting upside?

"it materialized" means merely that you materialized on a nice bounce. calling that a bull trend is funny.

and to cut your story short - no.

[8up]

Ripple is not a danger to current monoploy of power. Bitcoin IS.

Bitcoiners soon might have to decide if they are in for the money or for their (pleaded?) ideals.

[aminorex]

Ripple and Stellar are two huge scams. Everybody investing there is complicit.

"Investors" are few.  "Traders" are many.

[macsga]

Ripple is not a danger to current monoploy of power. Bitcoin IS.

Bitcoiners soon might have to decide if they are in for the money or for their (pleaded?) ideals.

I'd rephrase this as "If they want SOME profit, or EVERYTHING".
But then again, I'm a known hodler so please don't take me seriously...

[ImI]

Ripple solved a problem Bitcoin had since the Gox-Fuckup. People can buy Ripple directly at their bank. No shady east-european exchanges, no problems of trust.

[N12]

Still relatively confident that Bitcoin will remain above 1 billion market cap.

What do you guys think? Is 1 billion market cap going to hold?

werent you the one screaming few weeks ago about downtrend bottoming at 275 and ridiculing bearwhale for selling 30 k @ 300?

Yes, I was the one calling for a mid to long term bull trend since 5th of October. Turns out it materialized, and then it ended some time ago.

And yes, I was also the one calling the guy stupid who chose to sell his entire 30k BTC in one day on one exchange at the worst possible time. Noone remotely experienced with money would handle it this way.

But, now you'll have to remind me, weren't you the one short in the 200s and laughing at me for suggesting upside?

"it materialized" means merely that you materialized on a nice bounce.

and to cut your story short - no.

Bounce over 2 months = mid term trend. I don't want this story cut short yet. I normally don't do this, but you are obnoxious enough to have earned it. Funny thing is, even if I had gotten it wrong (like you did), it's no insult being wrong so long as you have reasonable risk management and consistently make money.

So, let's look what you wrote, and when:

What's this tell you?
https://i.imgur.com/DLluEww.png

that you turned bullish way too early.

Cool, now let's mark your time of post on this chart:

[adamstgBit]

Will 330 mark the third higher low, from the obvious bottom in Oct.?
Will we paint a double bottom in the high 200's?
Will we crash down and make a new all time recent low?

i reckon the next 24 hours are critical

[macsga]

Will 330 mark the third higher low, from the obvious bottom in Oct.?
Will we paint a double bottom in the high 200's?
Will we crash down and make a new all time recent low?

i reckon the next 24 hours are critical

Type it right brother:

the next 24 hours are critical

[tarmi]

Still relatively confident that Bitcoin will remain above 1 billion market cap.

What do you guys think? Is 1 billion market cap going to hold?

werent you the one screaming few weeks ago about downtrend bottoming at 275 and ridiculing bearwhale for selling 30 k @ 300?

Yes, I was the one calling for a mid to long term bull trend since 5th of October. Turns out it materialized, and then it ended some time ago.

And yes, I was also the one calling the guy stupid who chose to sell his entire 30k BTC in one day on one exchange at the worst possible time. Noone remotely experienced with money would handle it this way.

But, now you'll have to remind me, weren't you the one short in the 200s and laughing at me for suggesting upside?

"it materialized" means merely that you materialized on a nice bounce.

and to cut your story short - no.

Bounce over 2 months = mid term trend. I don't want this story cut short yet. I normally don't do this, but you are obnoxious enough to have earned it. Funny thing is, even if I had gotten it wrong (like you did), it's no insult being wrong so long as you have reasonable risk management and consistently make money.

So, let's look what you wrote, and when:

What's this tell you?
https://i.imgur.com/DLluEww.png

that you turned bullish way too early.

Cool, now let's mark your time of post on this chart:

yawn.

you are proving my point. you were merely riding a bounce that lasted for 2 months. you can call it mid or short term I dont care. but calling it bullish is simply wrong.

few months ago we had crashes and bounces of 200~300 $ magnitude in one day.  

[N12]

I delivered solid technical analysis (pic below), you derided it and now you're making excuses (blah blah just a 2 month bounce, how useless for trading! ). I don't understand your beef with me unless you're still wounded because of burnt shorts or something.

Or maybe you don't understand English and don't know what "mid term" is. It's an intermediate timeframe used in trading that's between the long and short timeframes.



Now, please, can we stop the ridiculous kindergarten accusations? You started it, so you may as well stop it. Be a man and realize that even if someone makes a wrong call, it matters not unless his trading is -EV longer term. In the same way, even if someone makes a right call, it matters nothing so long as he isn't +EV.

[ImI]

and what do you make out of the falling price and falling volume???

[btcney]

and what do you make out of the falling price and falling volume???

Buy Ripple? 

[N12]

and what do you make out of the falling price and falling volume???

A declining price with declining volume represents a bullish divergence. It shows that even though the price is going down, the selling volume is actually decreasing.

That instance was from early November, and it was quite beautiful.

[tarmi]

I delivered solid technical analysis (pic below), you derided it and now you're making excuses (blah blah just a 2 month bounce, how useless for trading! ). I don't understand your beef with me unless you're still wounded because of burnt shorts or something.

Or maybe you don't understand English and don't know what "mid term" is. It's an intermediate timeframe used in trading that's between the long and short timeframes.

Now, please, can we stop the ridiculous kindergarten accusations? You started it, so you may as well stop it. Be a man and realize that even if someone makes a wrong call, it matters not unless his trading is -EV longer term.

I didnt accuse you of anything and why would I need excuses?

hell, I wont even bother to go and search all your posts about some "poor" bearwhale dumping 30 k @ at the bottom of a downtrend. you repeated it for so many times as if it had some meaning but it turns out you were merely doing your own trading agenda.

you can arbitrary call time frames whatever you like it and do your thing, but I am more interested where the real money in the order book is.

and the sad truth is that there is not that much liquidity above 300.

[ChartBuddy]

Explanation

[N12]

hell, I wont even bother to go and search all your posts about some "poor" bearwhale dumping 30 k @ at the bottom of a downtrend. you repeated it for so many times as if it had some meaning but it turns out you were merely doing your own trading agenda.

No matter how many times you repeat it, it will not get any less stupid to sell 30k BTC at one single exchange in 8 hours at the bottom of a mid term trend. Remember, Bitstamp's price was actually severely (3-5% iirc) below all the other exchanges.

Noone who has traded in his life before acts like that. So yes, I think it was an inexperienced guy who got sick of hodling after all these years and just wanted to GTFO. Guy was a fool, regardless of what happens months after his stupid action.

PS: I never used the term bearwhale, or whale for that matter, and I never will. Those terms are for suckers who think the market is ruled by people more wealthy than them, and that that's the source of their poor trading results.

[inca]

Bought some more btc. Thanks bears.

[LFC_Bitcoin]

If the bearwhale got in at about 20 USD per BTC I bet he doesn't give a shit.