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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16255. (Read 26726157 times)

legendary
Activity: 1484
Merit: 1029
One thing to note, we could be entering bubble territory if the price begins to deviate sharply from what mining ROI hashrate supports. By my back-of-the-napkin calculations, that level is right around $4k/btc. And note that the hashrate increases have somewhat slowed as of late. I'm hoping that is only temporary.

Now some of this money coming in could really be institutional hedge fund money, who are taking large long positions. Hopefully they have better long term vision than the millions of kiddies with their $200 overnight bets burning a hole in their pocket.  Wink
Haha, I think we will see what happens on the 25th i if thats still the day the fork hits IMO looks like a bit of a bubble - will be happy if 'm wrong though - I'm hedging both ways LOL
How though?

If you short AND go long, sounds like in the end you will end up with 1-2% of loss.
Most of my profits are down to the alt price fluctuations and micro-trading - I'm making more than the difference you mention off the fluctuations. Its been an interesting week so far, alt prices are down a lot but USD value is up for me. If the bubble bursts then I suspect alts will be back up if not then the BTC I've been siphoning off will make a good profit. I'm not spread betting.
hero member
Activity: 1133
Merit: 819
Anyone else having issues with polo? Sent some btc there to buy some dash, 4 confirmations but the deposit is not showing, not cool.

Edit: and of course this had to be post #666 by me =(

Edit2: never mind, it showed up instantly just now, ready to be spent. Hail satan.
legendary
Activity: 1806
Merit: 1828
I didn't mind selling a little bit at 61xx USD and buying it back at 59xx USD. Can we have this happen multiple times over the next few days? Grin

It's a question: How do you determine when it is wise to sell, in order to by the dip? All indicators for BTC being in overbought territory don't look reliable to me.

I don't do anything. Just get lucky sometimes playing ping pong.  Cheesy Notice the operative clause "little bit." If the market never comes back down, I just settle for the fiat.
legendary
Activity: 1260
Merit: 1116
ah doom's an impermanent thing. all in the end is bliss
good luck with the new digs


Wait for the photoshop, I'll invite you all to Bitcoin Castle North.

Risto's castle? lol

Speaking of which, how's that guy doing lately? Haven't heard much since he headed off into Moneroland.

Last I heard he went full exit-scam in his fantasy crypto land game. And I guess he's crazy again. Undecided
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
ah doom's an impermanent thing. all in the end is bliss
good luck with the new digs


Better than living under a bridge.  Undecided

legendary
Activity: 1988
Merit: 1077
Honey badger just does not care
I didn't mind selling a little bit at 61xx USD and buying it back at 59xx USD. Can we have this happen multiple times over the next few days? Grin

It's a question: How do you determine when it is wise to sell, in order to by the dip? All indicators for BTC being in overbought territory don't look reliable to me.
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
ah doom's an impermanent thing. all in the end is bliss
good luck with the new digs


Wow, a real slate roof.

I bet the rest of the material is laying in a pile in there.

Give me a unit of timber and a month in the summer and I'll have that place looking cute as fuck.
legendary
Activity: 3794
Merit: 5474
ah doom's an impermanent thing. all in the end is bliss
good luck with the new digs


Wait for the photoshop, I'll invite you all to Bitcoin Castle North.

Risto's castle? lol

Speaking of which, how's that guy doing lately? Haven't heard much since he headed off into Moneroland.
legendary
Activity: 1806
Merit: 1828
what's going on, who of you cashed out sold at the bottom? Smiley

ftfy  Grin

I didn't mind selling a little bit at 61xx USD and buying it back at 59xx USD. Can we have this happen multiple times over the next few days? Grin
legendary
Activity: 1260
Merit: 1116
ah doom's an impermanent thing. all in the end is bliss
good luck with the new digs


Wait for the photoshop, I'll invite you all to Bitcoin Castle North.
hero member
Activity: 1848
Merit: 640
*Brute force will solve any Bitcoin problem*
One thing to note, we could be entering bubble territory if the price begins to deviate sharply from what mining ROI hashrate supports. By my back-of-the-napkin calculations, that level is right around $4k/btc. And note that the hashrate increases have somewhat slowed as of late. I'm hoping that is only temporary.

Now some of this money coming in could really be institutional hedge fund money, who are taking large long positions. Hopefully they have better long term vision than the millions of kiddies with their $200 overnight bets burning a hole in their pocket.  Wink
Haha, I think we will see what happens on the 25th i if thats still the day the fork hits IMO looks like a bit of a bubble - will be happy if 'm wrong though - I'm hedging both ways LOL

$10,000x$25,000 possible this year Cool >.> tin hutzzz
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
im not seeing many people calling top on this yet, so i think I will:  $6225

I think weve gotr one more push of ~$100 to hit a new ATH, then we see some corrective action down <$5700 and consolidation in the $5800-6000 range while waiting for either a reason to rally (good news/continued buying) or crash (FUD. china banned us again?)

you are overly bearish, buddy.     and also a bit pie in the sky.   Roll Eyes

We don't just break through $6k and then correct down to some stupid ass lala land price that is just barely that previous resistance point.  Makes little sense when accounting for real world factors and/or logic.   Tongue
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
is this the s-curve take off?


a) 6800$ (bearish)!

b) 7400$ (conservative)!

c) 8100$ (bullish)! Cheesy Cheesy

pick one! Cheesy Cheesy

I consider only C to be correct.  The other two assertions are not correct.

We have the next likely resistance points in the $6800 to $7800 range, so if we go to $8100 that woudl be bullish and would have likely broken through the likely resistance range.

Conservative would be prices going in the lower end of the range or not quite making the range.

It is difficult to imagine exactly what is bearish - since we are already into amazing price territories - but I would think that bearish would be to experience another correction here that goes beyond 60%. 

Since we have quite a bit of ongoing upwards price pressures and recently having had broken through $6k, it seems to me to be quite against the odds to even have a 10% price correction - without some major FUDding.  Also, even though I believe that BTG is not driving this run, except perhaps on the margins, any 10% or more correction would be more likely to occur after the Oct. 25 forkening, no?
legendary
Activity: 1862
Merit: 1014
Reverse engineer from time to time
One thing to note, we could be entering bubble territory if the price begins to deviate sharply from what mining ROI hashrate supports. By my back-of-the-napkin calculations, that level is right around $4k/btc. And note that the hashrate increases have somewhat slowed as of late. I'm hoping that is only temporary.

Now some of this money coming in could really be institutional hedge fund money, who are taking large long positions. Hopefully they have better long term vision than the millions of kiddies with their $200 overnight bets burning a hole in their pocket.  Wink
Haha, I think we will see what happens on the 25th i if thats still the day the fork hits IMO looks like a bit of a bubble - will be happy if 'm wrong though - I'm hedging both ways LOL
How though?

If you short AND go long, sounds like in the end you will end up with 1-2% of loss.
legendary
Activity: 1484
Merit: 1029
One thing to note, we could be entering bubble territory if the price begins to deviate sharply from what mining ROI hashrate supports. By my back-of-the-napkin calculations, that level is right around $4k/btc. And note that the hashrate increases have somewhat slowed as of late. I'm hoping that is only temporary.

Now some of this money coming in could really be institutional hedge fund money, who are taking large long positions. Hopefully they have better long term vision than the millions of kiddies with their $200 overnight bets burning a hole in their pocket.  Wink
Haha, I think we will see what happens on the 25th i if thats still the day the fork hits IMO looks like a bit of a bubble - will be happy if 'm wrong though - I'm hedging both ways LOL
legendary
Activity: 1652
Merit: 4393
Be a bank
ah doom's an impermanent thing. all in the end is bliss
good luck with the new digs
legendary
Activity: 1260
Merit: 1116
sorry to stalk you like a lovesick puppy


Not at all. I've enjoyed our time together. Smiley



but you are right, doom's coming.


Not too much doom I hope. I'm about to sign a lease on a swank pad. Undecided Cool
hero member
Activity: 1848
Merit: 640
*Brute force will solve any Bitcoin problem*
Ok, i´m panichodling  Smiley

I've been panic buying every deep dip and panic hodling in between since early 2013. It's become an obsession.

It's started to interfere with things in my life like mindless consumerism, squandering, poverty, etc. I feel I'm not doing my part to help transnational corporations and name-brand advertisers.

All that money I could have spent on trinkets and status symbols dumped into that bottomless pit called a Bitcoin stash.

What do I have to show for it? A few dozen QR codes and a tiny little USB dongle? Oh the shame.  Cry

wake me up when we hit $10,000 zzz  Wink  lel
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Ok, i´m panichodling  Smiley

I've been panic buying every deep dip and panic hodling in between since early 2013. It's become an obsession.

It's started to interfere with things in my life like mindless consumerism, squandering, poverty, etc. I feel I'm not doing my part to help transnational corporations and name-brand advertisers.

All that money I could have spent on trinkets and status symbols dumped into that bottomless pit called a Bitcoin stash.

What do I have to show for it? A few dozen QR codes and a tiny little USB dongle? Oh the shame.  Cry
legendary
Activity: 2842
Merit: 1511
It just took a couple of months to recover. The crash from $1200 to $200 would rank as the toughest, It took years for the price to recover.
In percentage terms, I think the fall from $32 to $2 would be the largest.

I contend the fall to $2 was the toughest. The holders then were truly staring into the abyss, as price had never collapsed by so much before. The shrill cry of "it's just a bubble" would've rung truer in their ears. The drop to $200 felt like a cakewalk in comparison - Bitcoin had proven its resilience.
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