Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13220. (Read 26611018 times)

I dunno man, that chain technology has come a long way.

Let us retain it as warning to all.

Do not make a shirt out of bitcoins.

Thongs only for that special someone in private.

Weeeeee look at the crooks run

More FUD, still hurting from the ETF?

So confusing

 Take heed r0ach.  A silver shirt may be anti-microbial but it probably wont stop a beating.

Sorry, I didn't know. I can remove it, if it offends someone.

I found a link to an article.  Wow.

https://www.theguardian.com/world/2016/jul/16/indian-businessman-famed-for-240000-gold-shirt-beaten-to-death

I know, but this option is more likely. I really want the price to grow. It will grow, but later.

What is your reasoning?  A pure gut feeling?  or something more substantial?

When you say run up, do you mean that we are going to break above 1) $10k, 2) $15k 3) $19,666 or 4) some other price point?

That guy got beaten to death.

Well, we did bounce off the the $6,200 price point.

If that holds we likely go back up to around $8,400 before coming back down to $6,800.

Wee.

Next station 5800

OH MY FUCKING GOD.

Lots of doom and glom on the way.  Shit.  Holy shit.  


A bit too pessimistic, but certainly an accurate depiction of some of the underlying dynamics, yet I still think that there is something about the alt coin dynamics too that is affecting this whole "shaking out" situation that you did not mention in your above post.  Could partly be an alt coin shake out, too, no?

I guess it's vastly different when oldtimers see paper gains flowing down the bog, but I'd hope anyone getting in and finding themselves in the red realises by now they're better off sitting and waiting rather than dumping now unless they need a life saving operation.

The same tale has played out a million times by now. Which should also reassure someone panicking. It will rise again.

They have certainly figured out how to get their dirty little centralized hands into the cookie jar.



I don't feel for him but that is a real kick in the nuts! Wish I had that kind of cake to gamble with, but if I did I wouldn't gamble it!

Seems silly to complain about completely normal things that markets do.. and especially what is going on with bitcoin right now.. in a kind of long consolidation phase that is unclear how long it is going to take for it to break out of its current price range or which direction it is going to break, when it does.

Of course, the BTC price could have gone spurting up to a higher points beyond $8,500 and also refused to come back down to our current BTC price location, but that is not what happened in recent history.

I am certainly not getting rich off of this whole situation, but I sold some BTC on the way up to $8,500, and I pretty much bought back all the BTC that I sold... however, if BTC prices had continued to go up past $8,500 and never come back down to below $8,500, I would have just continued to sell and the cash from those earlier sold BTC would just be sitting there in reserve in my account, possibly forever and ever.. but also possibly at some point, I would just completely remove the fiat from the table and spend it.  Another possibility for that fiat that was generated from the BTC sales, would have been to use it to buy back at a higher price point (just depending on circumstances the money serves as a reserve to buy back lower or higher until it is taken off the table).

Surely, for some of us, and you might be included in that camp, your buy sell swings need to be greater before you are going to either sell or to buy back, and so many of us could get caught in a kind of limbo because the price does not move enough to hit our price action points.  That is not a bad place to be in, either.  Personally, I do aspire to get to a point in which I can really spread out my buy/sell increments in order that a lot less action and interaction is needed by me in order for me to feel content with my overall situation, and accordingly, for me personally, I find some value in participating with my portfolio on a more active basis... by the way, it seems to me that BTC prices rising a lot higher will cause me to increase my trading ranges both in terms of dollar value and in terms of percentages.. but the actuality of the matter seems to persist that even if BTC goes to $50k or $100k or even to $1million, we are going to continue to experience a considerable amount of BTC price volatility that is going to inspire (even those who are attempting to be less involved) to pay attention to the price and to take advantage of some of the larger price swings.

 If by 'Tame' he meant 'Manipulate the living shit out of' then maybe...

Funnily enough I just got off the phone to a pal who told me he knows someone who 'lost' 400 grand in Bitcoin and had a nervous breakdown. He couldn't tell me whether he sold or not.

If anyone got in expecting eternal gains then they're a fuckstick. There's lots of rich history of utter ruination to draw on now. If at this point you're taken totally by surprise by a grinding downturn then you clearly haven't read anything beyond the 'buy' on the buy button.

So do you guys think this thread is becoming more relevant?

https://bitcointalksearch.org/topic/m.27951782





I'm 100% behind this statement!

I think this current dump will be the last shakeout before the next run-up.