Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17319. (Read 26610291 times)

FTFY

I stopped following the ATH few weeks ago.
In this days seems to me that we reach a new ATH every week xD

$ 1479 now on Bitstamp

gogogo ...

$4 away from yesterdays ATH on Bitstamp. Is anyone else ready for $1500 to break over there as I am?

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I would advise against attempting to sell high and buying low for inexperienced people, i.e. those who don't trade often. It is highly likely that you will end up doing the opposite, i.e. sell low and buy back in high. I've seen this happen to a lot of people.

This might be the best trading advice on this thread in the past thousand pages or so given how so many locals mistake this place for some sort their personal diary.

Thank you, sir.

Wait for ridiculous, and then some more. And sell then.

Most of the "professional" traders were caught short by this unstoppable uptrend. Nobody knows at what level there will be substantial correction. It can be at 2000, 3000 or 5000. When that happens you'll see a 10-15% daily uptick confirming that shorts have capitulated and time is right for healthy correction. Until that happens even day traders are not advised to close their longs.

Every time you start seeing members saying "price XY is gone forever" it is time to mentally prepare for it 

Seems like we have no respite for now, though. And the rise will reach local top without correction. I am as excited as you are.

I don't understand this gap though, is there any explanation for it?
But yeah no way the price goes too low, all I see about btc are good news!

There will be a price correction but I think that it will just reduce the abnormal +$100 gap between bitfinex and the other exchanges, I don't think that the bitcoin price will crush under $1400 

No it's not, that's like saying price will crash to 100$. It's not impossible but there is nothing right now that could support such a claim. Of course if Trump decides to recognize btc as a national currency price will go through the roofs but that won't happen ^^

Who told you?

Someone on the interwebs?

Sounds like a wish.. rather than anything, no? 

I put the chances of $10k by the end of the year to be less than 10%.. and even 10% would be pretty good, but I am not sure if such a prediction is even that high.   

Yes, that is also true. Although I neither expect that to be a violent move at all.

I was told 10K by the end of the year so hold on tight.

Amazingly, this is the record that the price had already passed $1450. I think the trend of rising prices will continue until the end of this year.

The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.

The Bitfinex issue should be meaningless in comparison to MtGOX for several reasons. Not only there are way more exchanges out there, but also there has been enough enough time and advices to get out of there already. I supposse that after MtGOX lesson, most have already learn the risks.

If anyone loses any money when/if Bitfinex goes belly up it is because they don't really care about it or because they are shorters that are willing to sink with the ship.

Also if it really goes under, it will probably die with one final big spike upwards.

I didn't have time to modify it so that it works on the forum too, but someone else did in the meantime.

Finex was above $1600 yesterday. Didn't you catch that?

You are welcome.


Support building above $1400 would be a very good indicator IMO.

Yeah I think mayn of us were waiting for un update. Finally we got it. Thanks for sharing.
In terms of the price, building out a new bottom around 1400 would be great. But it's still too early imo and that BitFinex issue still isn't solved and feels a bit like the sword of damocles. This won't have such an impact as Mt.Gox had in 2014 but definitely could do enough harm in terms of future price and trend development.

hey ..there is NOT a chance in hell it will work....esp with bitmain taking my miners back L3'd back paid for on april 1st so they
could mine and try to stop seg witness..... for 6 weeks of hash lost and 1/3 difficulty rise...and/or
mining what I got for replacement units this last month on the L3+'s...but hey a guy can dream....

(frigging trouble with being 'evil genius' is that there is always someone better at it than you are at it)

But anyway, the plan is still on going (thou the cat is pissed..I"m pissed..and generally everyone is pissed who dealt with bitmain..live an learn)





yeah...holding the LTC still not moving it yet....conflicted.....evil plan is 'unraveling' .......FOMO vs FOFFUP

sheesh ..2 more days 'supposedly' L3+'s ship. So do I go with my last 2 years of mining LTC and converting to BTC still? Get back to 100 btc?

0r hold LTC as a hedge in case (say 1000) ...in case ..the bitcoin devs of any flavor......NEVER get their act together and this continues to drag on...block size matters etc (ie btc dev power games again of any flavor)..that happens imho LTC will pump big time.


Hard to know what to do (whatever I choose is wrong therefore if I choose the opposite it to0is wrong....double faking myself out)

edit: actually below says it all on what I need......for my evil genius plan to work better


I want the price to go up so high my ears pop