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

[billyjoeallen]

420 being tested again on Stamp... when will it end?!

I don't think we are in a hurry back to 340$.

I really hope we are. A retest of $340 on higher volume and I'm back in 100% crypto. A slow painful grind back to $340 and then I have to wait until we continue to grind down to $267.

[kurious]

Shit, just bought 900 LTC on market by mistake 

You will be ok if BTC stays positive, but no guarantee of that - even over this weekend, so I would reduce that exposure fast if I were you

[Guinpen]

420 being tested again on Stamp... when will it end?!

When you sell me your coins for less than you paid for them.

Not gonna happen, sorry  I'm going down with this fucking trainwreck.

BTW newbie question: what does consolidation mean in this context?

[MinermanNC]

Bitcoin rises  to fall again very soon. Maybe it is just an epic dump strategy before the chine exit?

Just like your "overnight BTC dies" prediction.

Suck a dick.

I agree,, bitcoin isn't going to die,,that's a joke and very unrealistic. More FUD is all.....

[seleme]

Shit, just bought 900 LTC on market by mistake  

You will be ok if BTC stays positive, but no guarantee of that - even over this weekend, so I would reduce that exposure fast if I were you

Took 100$ loss 30 seconds later, of course it went up 0.3$ after it.

[kurious]

Shit, just bought 900 LTC on market by mistake  

gimme some:))

sold them immediately for 100$ loss, could make that much if I waited a minute, I'm such sucker sometimes  

Didn't see this before I posted - but only sensible move IMO.

This weekend there will quite possibly be a point where you will say - thank god I didn't hang on to them.

[podyx]

420 being tested again on Stamp... when will it end?!

When you sell me your coins for less than you paid for them.

Not gonna happen, sorry  I'm going down with this fucking trainwreck.

BTW newbie question: what does consolidation mean in this context?

That we go sideways (the price don't move much - it's stable)

[ChrisML]

WTF is happening, why are we plunging again?

You call $7,- a plunge?

Man, get your shit straight.

[MinermanNC]

To appreciate the price of BTC today at 420 ish lets look back a year ago today BTC =$120.00 For those who bought in over 420.00 well I'm sure its coming back soon despite the naysayers. Just thinking lol,,, yes its been an exciting year,,, but it to was full of ups and downs, the ups will be back.

[MinermanNC]

WTF is happening, why are we plunging again?

You call $7,- a plunge?

Man, get your shit straight.

maybe 70.00 is a plunge 

[Guinpen]

WTF is happening, why are we plunging again?

You call $7,- a plunge?

Man, get your shit straight.

Noted. Shutting up now, sorry.

[billyjoeallen]

WTF is happening, why are we plunging again?

This isn't a plunge. This is boring. What, you thought the market would just automatically go up forever from the exact moment you bought?

[serenitys]

WTF is happening, why are we plunging again?

This isn't a plunge. This is boring. What, you thought the market would just automatically go up forever from the exact moment you bought?

Why yes, yes we did 

[rpietila]

AFAIK the reversal from ~Dec/19 to ~Jan/6 has an obvious explantion: Huobi concluded that they could still operate via bank accounts instead of the big 3rd party processor (Alibaba?), and their clients gradually migrated to that medium.  In fact their volume increased after Dec/16, perhaps because OKCoin and BTC-China clients moved in.

Shit, just bought 900 LTC on market by mistake  

BTW newbie question: what does consolidation mean in this context?

I realized I have probably never said it - I love you all! This is such community and thread, much wow!!1 <3

[hdbuck]

eheh someone is in a good mood in here. despite the crash luv is in the air and thats a good sign for recovery, and then rallyyyy

[kurious]

The 'slings and arrows of outrageous fortune' will decide everything for you once you do

But if you're new, maybe watch and learn a little.  And never go all in, or all out.  If you missed buying in last night you do have time to watch a little without missing out on an all time high.

Not much money will be hitting the exchanges this weekend, so (in my worthless opinion) it has as much - if not more - chance of testing 400 as it does of getting anywhere near 500.

Things are better than they were even in the past 24 hours - but it will be a wait for choo choo trains and rockets.   

That said - when it comes, it will have been worth the wait.
 

[octaft]

WTF is happening, why are we plunging again?

You call $7,- a plunge?

Man, get your shit straight.

Calm down. The guy is a self professed newbie who prefaces like 90% of his questions with "newbie question." He's not the troll you are looking for. Drink some tea or something, goddamn.

[billyjoeallen]

WTF is happening, why are we plunging again?

This isn't a plunge. This is boring. What, you thought the market would just automatically go up forever from the exact moment you bought?

Why yes, yes we did 

Gonna look forward to taking your coins off of you. The best way to make money is to have money and patience. Day trading isn't luck. It's a job. You are the liquidity provider for the market. You provide dollar liquidity when it's needed and BTC liquidity when it's needed. The way you can tell if you are doing your job well is by selling at a profit. We make a lot of bets and most of them lose. The few that win pay off big.  Cutting your losses is an essential part of the job.

It will likely cost you a lot of money before you get the hang of it. It's kind of like being a poker pro except you actually provide something to society besides entertainment. I'm still learning. Bitcoin's historical volatility shows that we really need good traders. Good traders help reduce volatility. They eat it. Guys like you just function to pay off the good ones.

You don't have to believe in Bitcoin to be a good trader. In fact, it's often a liability. We tend to project our desires onto the market. You need to understand order flows.

[MinermanNC]

WTF is happening, why are we plunging again?

You call $7,- a plunge?

Man, get your shit straight.

Calm down. The guy is a self professed newbie who prefaces like 90% of his questions with "newbie question." He's not the troll you are looking for. Drink some tea or something, goddamn.

That's right

[kurious]

AFAIK the reversal from ~Dec/19 to ~Jan/6 has an obvious explantion: Huobi concluded that they could still operate via bank accounts instead of the big 3rd party processor (Alibaba?), and their clients gradually migrated to that medium.  In fact their volume increased after Dec/16, perhaps because OKCoin and BTC-China clients moved in.

Shit, just bought 900 LTC on market by mistake  

BTW newbie question: what does consolidation mean in this context?

I realized I have probably never said it - I love you all! This is such community and thread, much wow!!1 <3

So, since you have popped in, how long til we get a head of steam up again and this all calms down (to enable a base for a decent rise)?

I note and agree with your points about exchange confidence keeping money off the exchanges in any depth, but greed will surely conquer wariness at some point.

I would welcome your thoughts on timescale back to a decent bull market - a month, three...  longer?