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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13148. (Read 26720873 times)

legendary
Activity: 4004
Merit: 4656
Fuck this just capitulated on ETH and sold for BTC.

I'm holding my ETH in hopes we get a pump when futures launch. OTOH, I don't hold enough to lose any sleep over.


I believe ETH will probably die, but not yet. Consider the fact that this is the first, brutal bear market for an ETH holder. It must be pretty scary. I believe this helps cause an exaggerated ETH (and other altcoin) decline. There are no war-forged ETH veterans yet.

First BTC bear was $32 to $2, so if we apply roughly similar numbers, ETH might bottom at around $90 (give or take).
Many prior high-flying eth tokens are already at almost zero volume.
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
Fuck this just capitulated on ETH and sold for BTC.

I'm holding my ETH in hopes we get a pump when futures launch. OTOH, I don't hold enough to lose any sleep over.


I believe ETH will probably die, but not yet. Consider the fact that this is the first, brutal bear market for an ETH holder. It must be pretty scary. I believe this helps cause an exaggerated ETH (and other altcoin) decline. There are no war-forged ETH veterans yet.
hero member
Activity: 658
Merit: 503
Bear with me
Good night! Buying below $6200 should be nice.
legendary
Activity: 1932
Merit: 1610
Self made HODLER ✓
Ok, Just bought a bit more. Probably expect another imminent dump now.
Don’t call iT up on yourself .....

As if that were gonna change anything... Whatever needs to happen, let it be. I just decided I had to buy a bit more before going to bed.

Good night everyone Smiley
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
Ok, Just bought a bit more. Probably expect another imminent dump now.
Don’t call iT up on yourself .....
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
I copped some slight heat for calling a local bottom yesterday.  But I think the thesis still stands with a local target of $7200 - $7300.  Then pucker.  



Update - still calling for a local target of $7200, to be followed by a burning sensation.



Don't ask me, I just work here.  Target $7200.



Target still $7200 then revisit $5700.



legendary
Activity: 1932
Merit: 1610
Self made HODLER ✓
Ok, Just bought a bit more. Probably expect another imminent dump now.
sr. member
Activity: 406
Merit: 361
BCH/BTC chart looks like it's about to fall off a cliff.

legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
I’m going long if we get under $6k. 
hero member
Activity: 658
Merit: 503
Bear with me
Bitcoin in the $6000's I'm always buying.
sr. member
Activity: 392
Merit: 254
I'm seeing a lot of fake-looking panic everywhere. Bullish IMO.

What is fake-looking panic? I haven't been this frightened since the khmer rouge started rounding up academics.
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Fuck this just capitulated on ETH and sold for BTC.
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
I'm seeing a lot of fake-looking panic everywhere. Bullish IMO.

nice

blowing the bullhorn for a few posts as well .... they will showe up  Grin
administrator
Activity: 5222
Merit: 13032
I'm seeing a lot of fake-looking panic everywhere. Bullish IMO.
legendary
Activity: 2520
Merit: 3038
I am playing around with Google Trends data of "Bitcoin" as a search term v Bitcoin price.  I used the daily values for each for 2018, converted to a percentage.  Start date is 1 January 2018, end date is 5 September 2018.

Price is orange, trend data is green.  


So, "absolute" is the number of bitcoin queries as a fraction of global Google use?

Hmm. I can't spot any pattern. Can you?

It would be nice to have the day scale in months/weeks rather than absolute numbers, with a few markers to put things into historical perspective.

The first peak in searches seems to anticipate the price. After that first event, the curves seem mostly uncorrelated. Maybe if we REALLY search Google a lot we could...?
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
...
But when did whales enter crypto market?
...
Well, if I remember correctly, this term became popular during the peaks from 2013 ($266 and $1242), Mt.Gox, Willy, the Bearwhale and stuff... If someone bought at the 2013 top, he/she/it 'made' ~ 400% as of today (in fiatmoney).

You might have bought at the recent $19666 top, not sure what you can expect in five years from now. However, if you bought the top, hodling might be an appropriate strategy. If you're a moderate gambler, cost averaging on the 'way down' could be your strategy. Want to feed the whales? Just sell. If you want your kids to laugh at you in five years, buy shitcoins...

If you really want to know when whales entered the market, look back and see what date Satoshi mined the first BTC.
sr. member
Activity: 392
Merit: 254
Even the kids think we're poison. This isn't over by a long stretch. Where the hell is your pessimism?
legendary
Activity: 3794
Merit: 5474
legendary
Activity: 1464
Merit: 1136
i bought my 2 kids both an gpu eth miner to educate them into crypto as it beomes their world, and i want to prepare them on their future.... Better just gave them the money they costed...

So you're mining an altcoin and you want guarantees about bitcoin's future, right?


FLMAO!! Capitulation starts!  Sorry a classic, really, but ya seriously @ dutchlincoln, hodl_2015 gave you a small gem with his post.  Pick yourself up man, or, ya know... sell and get that instant relief you're craving. Someone out there will be thankful for it  Shocked
Good luck dude, hope you're not being irresponsible with capitol needed in the short term.
legendary
Activity: 2842
Merit: 1511
Proof me wrong, please....

Just sell everything already so you can fomo buy at $100K with expensive mining gear that will have a negative ROI.
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