Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17394. (Read 26686410 times)

After the 150$ dip bitcoin wasn't bearish anymore .. if you know what I mean

Since you seem to talk so much nonsense, I have difficulties giving you any kind of benefit of the doubt.

Do you even know what the fuck you are talking about?

When normal people use the term bear market or bull market, they are referring to longer term trends.. such as there was a bull market in bitcoin through much of 2013  and there was a bear market in bitcoin in 2014 and 2015 and then we returned to a bull market towards the end of 2015 - however, we did not necessarily know that we had returned to a bull market until several months after we were in it.


In other words, we are currently at the top of a price range and the price could go either way...

Even if prices correct 30% or more from here, we have not gone into a "bear market."  These are basic concepts and I am not trying to argue anything or trying to project my views upon you.

You should get your terms straight rather than throwing out concepts that are misleading.

For example, if you want to argue that the price is going to go down from here or sideways or that there is little likelihood for more upwards price movements, those are all fine and dandy assessments and fair game .. or you could even argue that you think that we are going to go into a bear market.. but really we are not going to know that we entered into a bear market until the price goes below some point that is quite lower than current prices .. for sure below $1000, but more likely would have to go below $800 or even $600, like I already mentioned before such price actions would rise to the level of a "bear market"

Hit a new all-time high. I'd say that's bullish.

just doesnt look bullish the last couple of weeks or months (march+april).  I think that this is quite bearish for bitcoin. Seems that you dont agree, what I understand because you talk about a larger timeframe. But you cant ignore the bearish news, indicators and the chart of the last 2 months. Of course when you look in a year perspective its bullish.

When is this fucking bear market supposed to come?  Helrow?

We had a bear market from about the beginning of 2014 until nearly the end of 2015.. Times have changed.  Currently we are not in a bear market and have not yet come even close to converting into a bear market.

Now on the other hand, if prices dip below $800 and stay there, then I might begin to consider whether some kind of transformation might be taking place... Anywhere above $800 is certainly not a bear market.. and maybe even we might have to wait for below $600 before we really start to consider that a bear market might be taking place.

Zoom out a little bit York, especially if you are coming up with nonsensical thoughts about some kind of bear market in our present state of BTC prices and ongoing seemingly upwards price pressures.

Yes indeed. I miss the times where we just went on that beautifull bullrun from november to february. That was just beautifull. Everytime I woke up I was hurrying to grab my phone and see how much btc was increased. Now I wake up and everything is a red mess. I keep holding like a naive idiot lol. Just waiting till december where I expect that we will know if btc is doomed or ready to take the next step

Perhaps that's the narrative that's been fed to you by the people who want to relieve you of your coins at a bargain price?

There'll be an ever increasing number of alt surges no matter what BTC gets up to. At some point people will need to let go of the idea that they're all elements of the same market and they're all competing.

The behaviour on Poloniex and elsewhere is so shameless now that I don't really pay much attention to it any more. A coin could easily sail past on 99% speculation. Bitcoin's probably still 95% itself.

I really hope some scaling does happen, but bigger blocks or Segwit by the end of the year feels like a major ask.

Are these the cheap weekend coins or what? Not much happened. Happy Easter all.

Positive in like a 2 months bearmarket?

Are you guys blind?

For almost the whole of 2017, BTC prices have been bouncing around a bit within a 30% range; however, they have largely been floating at the top of such range and in all time high territories for this whole freaking time.  I mean that it is quite amazing phenomenon to see, and likely not even precedented in bitcoin's history... usually the floating is not taking place and creating ongoing new ATHs (or at least in the top 50 days).

Whether we have more sideways now or down or up, you better snap out of it and take your naysayer naybombs of negativity blinders off and appreciate the times that we are in, no?

These are not negative times for bitcoin, even if folks are whining that bitcoin is broken and that some other cryptos are trying to squeeze into our lovely space by acting as if they are the saviors in jesus christ.  

I am still in the denial phase. We must scale before december or we are all doomed.
When this wont happen we will wake up in a world where Ethereum will be n1 and bitcoin will be an old forgotten altcoin , litecoin 2.0
We must scale, and fast.
I dont want a premined 900 000 000 forked token to be n1

That's an extremely optimistic prediction for scaling timing. I don't think a great deal will happen for a lengthy time yet, if ever.

Maybe sideways/down for a couple more months untill we have a breaktrough with the scaling debate

*yawn* have we solved scaling yet? no? ok. *rolls over and goes back to sleep*

what? i may not be a bear (market or otherwise) but i can hibernate too, dammit!

shaking weak hands. ordinary days.
It's Easter guys, just hold 

you are talking about that 3k buy order on finex ? something tells me that price on bitstamp or coinbase will go further down ..

Up, up and awaaaaayyy

Nothing could be further from the truth.  Bitcoin is a currency, not money.  It's not a store of value.  I already explained why:


The thing is designed as some type of scheme where you need infinitely increasing cost of production to prevent it from imploding.  Speaking of schemes, the people running Bitfinex are back putting up big walls with money that doesn't even exist again.  Just Gox dollars in their internal system:

Theory is that bad money drives good money out of the market right?
BTC isnt money tho ^^ its a store of value.

Gresham's law.

Bad money circulates. Good money gets HODLed.