Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17175. (Read 26609589 times)
May 24, 2017, 03:55:09 PM
Why so fast? I hope it does not crash hard.
May 24, 2017, 03:53:42 PM
I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.
I know that generally Bitcoin owners like to hodl, but at some point everyone will start to take profits and shit is going to hit the fan with the ensuing panic. I think a correction is right around the corner, and it will be pretty ugly too. I am thinking it will probably go back under $1000 for a little bit.
Of course it will rebound eventually, and I expect new all time highs some time afterwards (it will probably take a few years to recover like last time), but I just don't see this trend continuing for long.
I know that generally Bitcoin owners like to hodl, but at some point everyone will start to take profits and shit is going to hit the fan with the ensuing panic. I think a correction is right around the corner, and it will be pretty ugly too. I am thinking it will probably go back under $1000 for a little bit.
Of course it will rebound eventually, and I expect new all time highs some time afterwards (it will probably take a few years to recover like last time), but I just don't see this trend continuing for long.
1000 USD you say , no problem I'm all in since 720...
May 24, 2017, 03:52:06 PM
I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.
I know that generally Bitcoin owners like to hodl, but at some point everyone will start to take profits and shit is going to hit the fan with the ensuing panic. I think a correction is right around the corner, and it will be pretty ugly too. I am thinking it will probably go back under $1000 for a little bit.
Of course it will rebound eventually, and I expect new all time highs some time afterwards (it will probably take a few years to recover like last time), but I just don't see this trend continuing for long.
I know that generally Bitcoin owners like to hodl, but at some point everyone will start to take profits and shit is going to hit the fan with the ensuing panic. I think a correction is right around the corner, and it will be pretty ugly too. I am thinking it will probably go back under $1000 for a little bit.
Of course it will rebound eventually, and I expect new all time highs some time afterwards (it will probably take a few years to recover like last time), but I just don't see this trend continuing for long.
May 24, 2017, 03:37:23 PM
here are days that i make more on btc than with my two retailshops and 5 employees in a year. i have a hard time to stay motivated. it is obscene i fear. then i remember all the hard times when btc cratered and everyone shook their heads and i felt like an idiot. it was not easy money, i can say this.
Indeed! The number of times over the years my family have told me to cash out at £300, £500 etc etc and it's risen and fell... Stressful times, but hodling takes guts!
We will have a big correction soon, but I will hodl and it will recover and one day I'll retire and live just using Bitcoin, maybe in Japan
May 24, 2017, 03:28:53 PM
This moon rocket is making me crazy, in the last 30 days my Bitcoin stash has increased by about the same as 9 months salary... and I have a pretty decent salary! 
here are days that i make more on btc than with my two retailshops and 5 employees in a year. i have a hard time to stay motivated. it is obscene i fear. then i remember all the hard times when btc cratered and everyone shook their heads and i felt like an idiot. it was not easy money, i can say this.
May 24, 2017, 03:27:41 PM
Man ...a few hours before Asia wakes up and the air is electric.... 
May 24, 2017, 03:24:13 PM
if Bitcoin continues its 11% growth per day my calculations have the Winkelvii passing the Zuckerberg's collective wealth in about 72 days
i wish them twins all the luck necessary to get there.
May 24, 2017, 03:22:35 PM
Being rich in btc is great but taking a slight bit of the profit you make and put it in dollars can't hurt anyone 
A lot of people did that and are already hurt.
This is why I take a slight bit of the profit I make and put it in bitcoins.
If you want to diversify your bitcoin holdings put part of it in gold or silver! Putting it in dollars is stupid.
Done already, but I am considering doing a bit more now. I am really enjoying the price rise, but come on, it was looking bubbly at $1250 in January, we are almost double that now without a correction of note for a while, and every day sees another rrise.
It really seems like a bot is constantly buying, like with Mt Gox. But I wonder if that is the case, or it is just general buying pressure from new investors.
I don't want to miss the top, but a few ounces of gold might be looking pretty good in the future if this bitcoin bubble pops (and it always has in the past - but maybe this is the new normal!)
Of course it is going to pop at some point.
I really doubt that it is going to pop in the $2300 to $2500 price range -- but hey I have been wrong before.
And if it gets past $2500 without any major difficulties then likely the $3k to $5k range - and yeah, we gotta see how it plays out, but middle of the range could be a fair area for a correction.. however, if we get past the $5k arena, then gosh, who knows, maybe $$7k to $10k would be fair correction points...
It seems pretty fucking likely that we are going to get a correction in the $3k to $5k range - but we have had overshoots in the past, too, and the present does not seem to take away from that possibility that we are going to have an overshooting of expectations - some would already characterize this as an overshooting of expectations, and there is some justification for that - but seems tlie we are on our way to $3k minimum.. and $4k more likely and $5k a bit less likely..
If history repeats, as it usually does, you will notice the big correction is coming when one day the rise accelerates to crazy levels. What I see atm is a steady rise with not much difference from one day to next (in terms of percentage of grow/day).
Of course, anything is possible. NO fucking idea when that will happen. I just wait for signals that haven't come yet.
Signals:
- The acceleration in rise (percentage wise) mentioned above.
- Exchanges can't cope with new user verification. That has just started... when they start to stabilise and are able to cope with it, its one of the signals to sell.
- Everybody on this thread thinking the price will keep rising forever, no matter what the price currently is.
- When there is no fucking dip in the rise for a while. I don't mean correction, I mean no fucking dip. We are still having our good dose of those.
- etc etc...
Thanks for pointing out those kinds of scenarios, and it seems that our thinking is similar.
Since $890, we have had pretty steady and ongoing rise - without any meaningful correction..
The higher the rise, the more possible for the correction to be larger, but this current rise has been allowing for support to build on the various higher and higher price points - yet at the same time it seems to be picking up a bit of steam... causing more and more concern about whether considerable profit taking is going to take place, and at what point will the tide turn?
The tide is not likely to turn in entirety, but we may get a healthy 20% correction at some point.. I'm waiting I am waiting, but I am not holding my breath.. hahahaha
May 24, 2017, 03:19:40 PM
Forgot about GBTC. Those original investors are free to trade their locked Bitcoin now??
why would they want to? all that is tax free as long as they keep it in their 401k or whatever it's called.
May 24, 2017, 03:18:34 PM
Oh oh...
The increasing number of rocket gifs is worrying me...
Never good to see that ^.^
If only kwukduck could come tell us it's all going to crash, that would reassure me !
The increasing number of rocket gifs is worrying me...
Never good to see that ^.^
If only kwukduck could come tell us it's all going to crash, that would reassure me !
You said you've sold your bitcoins at $2390 expecting a correction. What's worrying you?
And as I said I bought back after the correction dude.
It went from 2390 to 2310 you didn't see that? What's wrong with you man? YOu're so full of anger, be happier btc is on the up
I don't like people posting nonsense just to make couple of cents out of a signature campaign.
May 24, 2017, 03:18:29 PM
Forgot about GBTC. Those original investors are free to trade their locked Bitcoin now??
May 24, 2017, 03:16:25 PM
Lack of respect.
Why are they poor? Ask them that next time, before handing out anything.
Why are they poor? Ask them that next time, before handing out anything.
I find after extensive investigation it's usually down to a lack of money. Some people are just born to suckle on the shitty end of the stick. And there but for the grace of God go any of us.
Words of wisdom!
May 24, 2017, 03:14:23 PM
May 24, 2017, 03:08:56 PM
Oh oh...
The increasing number of rocket gifs is worrying me...
Never good to see that ^.^
If only kwukduck could come tell us it's all going to crash, that would reassure me !
The increasing number of rocket gifs is worrying me...
Never good to see that ^.^
If only kwukduck could come tell us it's all going to crash, that would reassure me !
You said you've sold your bitcoins at $2390 expecting a correction. What's worrying you?
And as I said I bought back after the correction dude.
It went from 2390 to 2310 you didn't see that? What's wrong with you man? YOu're so full of anger, be happier btc is on the up
May 24, 2017, 03:07:34 PM
This moon rocket is making me crazy, in the last 30 days my Bitcoin stash has increased by about the same as 9 months salary... and I have a pretty decent salary!
May 24, 2017, 03:00:43 PM
http://i2.cdn.cnn.com/cnnnext/dam/assets/150601162115-08-menswear-dog-0601-super-169.jpg
BTC===> coins going mainstream $5000 soon moon...!
BTC===> coins going mainstream
$5000 soon moon...! May 24, 2017, 02:57:51 PM
if Bitcoin continues its 11% growth per day my calculations have the Winkelvii passing the Zuckerberg's collective wealth in about 72 days
May 24, 2017, 02:57:43 PM
Gif on Bitconity for hitting $2400 on Bitstamp. Congratulations gentlemen. The party is just begging.
Quote
I'd say anyone who bought bitcoin and hodeled when
their monitor looked like that oughta be pretty rich by now
Bitcoin was made to be used in stores, not to keep pushing everything through the old banking systems. 
May 24, 2017, 02:55:42 PM
I hate these rapid rises. I panhandle for a living and it is getting very hard to motivate myself anymore. I normally make around $50/day which use to buy me a quarter of a bitcoin at the end of the day a few years ago. I bought at least one bitcoin every month.
Now I could work every day and save every penny I get and still not have enough to buy a single bitcoin at the end of the month.
It is a lot easier to just hit F5 on computer and let my browser update my the value of my address. Wow, I just got $300 richer than the last time I hit F5 less than an hour ago. I feel like one of those drug addicts I work with..F5...F5...F5...F5...F5...F5...F5...F5...F5...F5..
Last week I earned over $8000 just sitting. Well actually I earned $45 last friday standing in the sun for 9 hours. Not counting the three hours of walking and hitchhiking to/from town. Feels really pathetic when I get home and start...F5...F5...F5...F5...F5...F5...F5...F5...F5...F5ing
Discovered a few weeks ago that Stellar Lumens took off like crazy. I had a bunch from some giveaway years ago. Sold them all. Now I have another $2000.
Memorial day weekend is coming up, I really need to get out and make some money. Should be a hundred dollar friday.
itch......must scratch.......tab...F5...OMG, I JUST LOST $200, THE WORLD IS COMING TO AN END!!!....F5....nevermind
Then again, maybe I should stop sending all my bitcoins to my time-locked address.
Now I could work every day and save every penny I get and still not have enough to buy a single bitcoin at the end of the month.
It is a lot easier to just hit F5 on computer and let my browser update my the value of my address. Wow, I just got $300 richer than the last time I hit F5 less than an hour ago. I feel like one of those drug addicts I work with..F5...F5...F5...F5...F5...F5...F5...F5...F5...F5..
Last week I earned over $8000 just sitting. Well actually I earned $45 last friday standing in the sun for 9 hours. Not counting the three hours of walking and hitchhiking to/from town. Feels really pathetic when I get home and start...F5...F5...F5...F5...F5...F5...F5...F5...F5...F5ing
Discovered a few weeks ago that Stellar Lumens took off like crazy. I had a bunch from some giveaway years ago. Sold them all. Now I have another $2000.
Memorial day weekend is coming up, I really need to get out and make some money. Should be a hundred dollar friday.
itch......must scratch.......tab...F5...OMG, I JUST LOST $200, THE WORLD IS COMING TO AN END!!!....F5....nevermind
Then again, maybe I should stop sending all my bitcoins to my time-locked address.
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