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

[NotLambchop]

...
I reckon that it's possible Tim's tippled his BTC through trading since June.
...

If he's as good at trading BTC as he is at buying it, my guess is he's got ~3 BTC left.

[Feri22]

Fuck it!  

If this ship is going down i'm going with it.  I will sell just BTC1, so I can hire a jazz band to play "abide with me" on the way down.

we should establish a club. the very exclusive BBU. very hard to become a member, since one needs to sacrifice his/her wealth for it.

BBU stands for "BitcoinBagholdersUnited"  

well, i guess some of us are already premium members...  

(myself included)

I go with you

[marcus_of_augustus]

rupples anyone

[Coinshot]

Weekend is coming in too.

To me it seemed if BTC broke below 350 it will go below 300. We are on course now for it.

[Richy_T]

But here's my bias based on psychology/sentiment: Pretty much the only thing that can calm holders nowaday is the notion that Bitcoin has never gone below the previous all time high in the following correction or bear market. Because of this, I think there are going to be a whole lot of "weak hands" in this area because it's so close to the 266 high.

I'll just point out that 266 was the fractional-reserve Gox high and possibly should be adjusted to account for such.

[Wary]

316 fell, next horizontal support would be 275.

Getting closer to 1 billion market cap.

😈

  It's currently 4.37 B, isn't it?

[ChartBuddy]

Explanation

[elasticband]

all aboard?

[solex]

But here's my bias based on psychology/sentiment: Pretty much the only thing that can calm holders nowaday is the notion that Bitcoin has never gone below the previous all time high in the following correction or bear market. Because of this, I think there are going to be a whole lot of "weak hands" in this area because it's so close to the 266 high.

I'll just point out that 266 was the fractional-reserve Gox high and possibly should be adjusted to account for such.

Stamp's high was 259 which is probably more relevant, in hindsight.

[inca]

But here's my bias based on psychology/sentiment: Pretty much the only thing that can calm holders nowaday is the notion that Bitcoin has never gone below the previous all time high in the following correction or bear market. Because of this, I think there are going to be a whole lot of "weak hands" in this area because it's so close to the 266 high.

Yeah I'm going to say you are a little off there Blitz. I hold and accumulate. I am not remotely concerned with the price because as you know it is driven up and down by a relatively small cabal of whale traders. I look at the fundamentals - infrastructure, investment capital, transaction volumes, wallet numbers, merchant adoption etc. My conclusion is that accumulating coins until the next halving is likely to be profitable in the long term.

Any holders who have held this long aren't likely to be easily shaken out and will likely be adding at extreme lows. More to the point there is likely to be a lot of capital (ignoring minnow trading trolls on here) looking for a good entry with US regulation around the corner.

[exocytosis]

But here's my bias based on psychology/sentiment: Pretty much the only thing that can calm holders nowaday is the notion that Bitcoin has never gone below the previous all time high in the following correction or bear market. Because of this, I think there are going to be a whole lot of "weak hands" in this area because it's so close to the 266 high.

Yeah I'm going to say you are a little off there Blitz. I hold and accumulate.

Are you currently in the red or in the black? How much of your wealth have you put into Bitcoin?

[marcus_of_augustus]

noone has ever lost money buying bitcoin on declining difficulty 

[solex]

15k+ shorts on finex... squezeeeeeeeeee time 

[paul2000]

noone has ever lost money buying bitcoin on declining difficulty 

What about september 2011 - november 2011?

[ShroomsKit]

Just another pump and dump but 30 bucks lower. The traders and dumper will continue to do this till there is notva single buyer left.

[Elwar]

At least the price has been moving. It was getting boring.

[DonQuijote]

Voted

Question:   Bitcoin will :
mark 330 as the third higher low, from the bottom in Oct.   - 52 (28%)
paint a double bottom in the high 200's   - 55 (29.6%)
crash down and make a new all time recent low   - 79 (42.5%)
Total Voters: 186

[inca]

Are you currently in the red or in the black? How much of your wealth have you put into Bitcoin?

Definitely black for now. I haven't calculated a break even but it is probably somewhere in the low 2xx's I would guess.

Originally I put in about 1% but it must be easily over 10-15% now. I don't track it that closely, my other investments/assets yoyo up and down a lot and once you have enough savings to last a decade stashed away it all becomes a bit meaningless tbh.

Far more exciting than Apple shares though.

Blitz: any chance you can delete the bitscam thread fallling keeps reposting..

[roslinpl]

At least the price has been moving. It was getting boring.

I totally agree!

And now when price can go only up it will be again so much fun while chasing charts.

♥BTC

[ChartBuddy]

Explanation