I'm kind of glad this pulled back. It was starting to get very high anxiety there. I'm not going to be able to sleep if/when BTC enters bubble territory (which I think begins at $1800). I'm still expecting it to pull back a bit further. It always get oversold on a minor time-scale compared to the longer trend.
If we were trading at a range of $130-$160, the movements wouldn't feel as intense. But now that BTC is way up here, the $100+ swings feel like a lot. We are going to have to get used to this!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17302. (Read 26610037 times)
May 04, 2017, 05:56:41 PM
May 04, 2017, 05:17:12 PM
May 04, 2017, 05:14:27 PM
They try ... because they don't understand the forces in the game.
May 04, 2017, 05:01:54 PM
Who bought the dip? 
waiting for a bigger dip tbh. anything above 1350 is still above all ATHs barring the last 3 days or so
Exactly my thinking. The day before yesterday's price doesn't quite qualify as a buyable dip.
May 04, 2017, 04:53:41 PM
Looks like a bottom is forming.
Maybe 1445$ is the lowest price for this move.
1540, 1570$ and down again ?
We'll see tomorrow.
Maybe 1445$ is the lowest price for this move.
1540, 1570$ and down again ?
We'll see tomorrow.
May 04, 2017, 04:50:49 PM
Are people concerned about a 1500 price? Good fucking lord, we are weird.
Personally I'm waiting for 1800 so I can kick myself for buying gold a year or two ago at 600 a coin. Sooooooo stooooopid.
C
Personally I'm waiting for 1800 so I can kick myself for buying gold a year or two ago at 600 a coin. Sooooooo stooooopid.
C
May 04, 2017, 04:47:27 PM
Okay so 1500 or so is officially the new floor. Jubilations and whatnot. I need a drink.
May 04, 2017, 04:45:17 PM
Interesting to note that altcoins are slowly going up in the green again. Nothing too big, if anything we could just rebound upwards a little bit and stay at around 1500. It's a shame price is still too high for me to justify buying but if it goes down further that could be a good idea.
May 04, 2017, 04:43:22 PM
Who bought the dip?
waiting for a bigger dip tbh. anything above 1350 is still above all ATHs barring the last 3 days or so
May 04, 2017, 04:43:18 PM
Who bought the dip?
I bought something at 1449.99 $
Just 1 BTC to be fair.
May 04, 2017, 04:42:06 PM
Who bought the dip?
May 04, 2017, 04:40:17 PM
OK, badly drawn lines, yet you get the idea
May 04, 2017, 04:37:38 PM
another leg down. really wanna buy back the stupid 2BTC i sold at $1k.
May 04, 2017, 04:26:09 PM
A 24 hour red dildo it is for today then.
Don't be so sure about that. It's already back in the green.
May 04, 2017, 04:25:16 PM
Let's rebound a bit.
let's say to 1540$ again ...
let's say to 1540$ again ...
May 04, 2017, 04:22:09 PM
dammit, i think 1450 was the best we could have hoped for then 
i was expecting a bigger dip.
i was expecting a bigger dip. May 04, 2017, 04:20:50 PM
...so, boring, uneventful week, eh guys?
Yes. Share a pint of bleach with me, won't you? May 04, 2017, 04:19:33 PM
Still hasn't dipped enough for me to buy yet.
Under $1400 and I'm out the door.
Under $1400 and I'm out the door.
May 04, 2017, 04:17:36 PM
cryptocurrency would get absolutely slaughtered in deflation compared to metals.
I don't get the logic of this.
The reason metals do sh*t these days is because their market has split (into a liquid paper on the one hand and illiquid physical on the other) and they've lost their original monetary function as a bearer token. That would be the case whether inflation or deflation prevailed.
A deflationary shock would presumably be the result either of widespread recession or some kind of credit crunch/mass default scenario without the usual central bank printing spree in response. In that case cryptos would do well due the fact that they're not debt-backed and therefore represent a safe destination for fleeing capital.
By what mechanics do you see them getting 'slaughtered' ?
May 04, 2017, 04:04:16 PM
I use bitcoin as my checking account [snip]
But that's your checking account strictly containing currency, not any money, riiight?
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