Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14699. (Read 26608284 times)

Dang, just like 2014 but with an extra 6...........

50 cent?    weee

I think I found the safest way to hodl.

$875 where I'm tarding

So anyone else in the camp thinking this is the final up-down before the bigger bubble cycle (see May 2013)? Since we endured a long bear market, I have a feeling that with greater market inertia, we end up having features that are longer in time.

In any case, I don't see myself regretting holding in 2 years time. Of course I could have timed so as to increase by BTC holdings 5x during this cycle, but after this exposure I don't see a prolonged bear market coming until a major technical/political issue erupts to hurt crypto.

I'm young, fuck the USD, fuck the gov't. Good luck to everyone and may the bottom bounce like a golfball on an ice rink

no, maybe at 5000

This is well said but there’s also something to be said about being smart and trading at major inflection points or when BTC gets significantly above or below fundamentals ie production costs.  Above 10k old miners were being turned on.  Probably a good time to get some fiat.  If we get to low single K miners will start getting turned off.  That’s probably a good time to load up.  But trying to catch a falling knife now is pretty risky.  But buying back coins sold in high teens is probably a good idea now.

On a less depressing note, the bitcoinity all time charts show bitcoin is up by +138258% today.

I bet Jaimie Diamond was buying!

The price will probably stick at $6666 for a while.

No, my friend. Realist. When people are telling me their 16 year old nephews are making easy money trading crypto, it means the market is way overbought.

We don't know that yet...

Yeah, let's all move in Bcash, it'll be so much better to scale bitcoin with bigger blocks size instead of smaller transaction sizes. Tall tales, bigger lies and bigger blocks is what makes bitcoin great, just ask satoshi. He was at Davos pumping Ether, honest he was.

Well said
I award you with 100 Tether merit

This. As a bitcoin spending advocate I had to finally stop spending bitcoins this past fall. I cracked open my credit card which I had used maybe a hand full of times in the past 5 years.

I can go back to spending bitcoins again because the fees are so low.

shitcoin promoter

pessimist

I see everyone keeps looking for news or blaming some FUD or the other for bitcoin's price drop.

If this was about something having to do with bitcoin you would see the bitcoin price drop and alts remaining fairly stable.

This is about major market sentiment. A cycle that has been seen throughout history and repeated itself once again. Big money moved in, the price started to climb so everyone and their brother started buying so they could get those sweet 1000% gains that they were promised. Then we topped out and the price started going down. This is not what we were promised!?! I was supposed to be able to retire by buying bitcoins at $10k! What's happening!?! I better get out of this thing I have no clue about quickly! Sell! Sell! Sell!

The weak hands that have no clue will leave. But the big money will stay. They like volatility. We just fed the Wall Street beast the money of a bunch of ignorant n00bs and they will want more. They will play the market. They will get their money.

That is why we hodl. We understand that we cannot time the market. We do not spend every minute of every day watching the patterns and charts and use our hundreds of millions to move the market. We sit back and let others do that for us and we hold out.

All of my friends thought I was smart for buying so early. The smart part was not buying early, but not selling when the market was scary.

Back in 2014 I bought a small copy of the wall street bull and a gilded bitcoin coin and a wooden plate to mount it on. Never got around to finish it.
Maybe it's time to do it now and make it a house altar where I can make small offerings to the bitcoin bull.