Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16401. (Read 26711510 times)

I was expecting a very fast recovery, but I have to admit I didn't expect it to blow up this high this fast   .
For me it is a good thing, the faster we recover, the more likely that we are still in a long-term bull.

nothing new

(you do get what you have bought into I hope - and frankly this ain't shit! wait until 2018 there is hundreds of billions coming into this overall crypto market (of which BTC is going to get a fair share)...think what that HAS GOT TO look like.. like really think about it)

Although I'm in the profit zone with my current trade (bought some at ~2550€) these price movements are just ridiculous. Nothing healthy...

Yep! Some people expect to buy 10 bitcoin's & become rich within 6 months. It simply does not work like that. Too many people come into bitcoin with patheticly weak hands. HODLING for a number of years is the only way to become rich in this game.

Yeah traders have been bidding the weekly 20 MA for a long time. When that stops we have a problem:)

The market don't want low cotation ...

It hit the 20MA with such exactitude that it's like a deus ex machina.

BTC/USD at Bitstamp bounced right off the weekly 20 MA. Until that weekly 20 MA is taken out we are still in a bull market. I draw the Fibonacci support levels properly anchored all the way back at the $152 low. The 38.2% level was broken briefly which is not a concern as the weekly 20 MA held. There is an RSI divergence; again not a concern as it happened before. I do think the 23.6% Fibonacci retrace is an important resistance to break. If there is going to be a weekly dead cat bounce it should be between $3840 and $4000. The sooner price gets back above $4000 the better it is for a continued bull market.

insert "that escalated quickly.gif" here.

thanks

I'll give you an example of when it's a good idea to use credit cards.
It was early 2015.  I was unemployed and down to about $20k in assets and about the same amount in debt of various kinds.  
Insolvent or getting there quickly.
I had a gut feeling that, rather than tap my assets for living expenses, I should preserve my capital.  So I started living off my credit cards.
My second gut feeling was that we were at a market bottom.
So put my $20k in bitcoin, and lived off my credit cards.
As bitcoin went up through 2016, I started incrementally liquidating my long position until the credit cards were paid off.  I'm still hodling.

Some of us aren't like that.
But being a long term hodler can be painful, as witness the recent market meltdown.
Guess it's not for everybody.

So many new account posters here have no long term vision.

I expect at least 80% of you to vanish from here within 1-2 years, just like MatTheCat and the others from the past who pissed all your money away on FOMO buying, then fear/greed gambling, selling at the bottom, and the like.

Read my lips: you will NEVER be wealthy in the future, because you are doing it all wrong.

Thanks for the cheap coins, ya weak handed dimwits!

Alright!
Let me know when I can celebrate - I keep holding

Maybe I should create a new meme... "hurrah, my bitcoins are worth what they were worth yesterday".

wow what a fast increase, next stop $5000

It is not time to celebrate just yet...


Time to BREATH

Yepp. All the newbies probably shit their pants and have learned their first bloody lesson. The guys who thought crypto is easy money got burned as well.
Strong hands and believers remained!

The thing that IS welcome in China is RMB-  for sure- they have a REAL BIG thing about keeping it onshore - that is what is at issue here! (and money laundering/tax evasion etc) CNYT will sort that out! China is a little bit in love with cryptos in my opinion- for what they want to set up it fits the bill exactly- they like control - cryptos via a CNYT Tether coin will give them the control they are looking for..

It is not everyones cup of lapsang souchong - and I am NOT saying I approve- but I DO understand - China is China after all.

Like I have mentioned previously- they want to regulate- ain't no stopping  them- it changes the environment for sure...
There will continue to be a dark market no doubt... but from an  investors point of view...the regulated market is going to be a playground as well as the market as is.

Also BTC will still be traded as a digital asset -just not for CNY on exchanges with order books... P2P no doubt will continue alongside on other platforms- as well as BTC to CNY tether on exchanges with order books - they will simply have to fiat on and off ramp via the tether coin- controlled and monitored by the PBOC ( most likely in conjunction with regulated bottlenecks aka licensed exchanges and apps/wallets maybe even gov.cn tether wallets?)

Crypto and blockchain and smart contracts and digital assets are going to continue to thrive in China- just under the watchful eye of the PBOC - it literally  will be a new playground - and NEO and WALTON are going to be running about in it having a whale of a time - just wait and see : )

I don't understand why many are celebrating
Most people predicted a rebound and then the real crash...
Maybe I am wrong, but seems like it is going that way atm. Does anybody have any reason to think this is going high and it is not a bull trap?