Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17820. (Read 26608361 times)

Bulls are gonna have to pull something out of their ass soon or this is going down.

What's the exact situation in china right now? It's just been fees that been added or are the exchanges under investigation?

It is old bitcoiners doing most of the effort of hodling and assuming all the risk of it since day 1.
The harder they hodl and the higher the price goes. We should incite a collective HODL effort periodically instead, like an holy month of HODL when we won't sell.

We don't need to pander to early bitcoiners. We need squeaky clean fresh ones to pour in.

Problem is that early bitcoiners think in hundreds of dollars. Move that decimal place and $9.18 = $8.87

I dont see Huobi on BitcoinWisdom anymore, maybe they're revamping there exchange fore smaller trades.

Mr. Lee said last week that he wants to add smaller amounths.

today is the day i can feeeeel it

Chart movement at least from last eight days timespan
( have a look at https://bitcoinwisdom.com/markets/bitfinex/btcusd on 1h scale )
should be reflecting Dotcoms Megaupload 2.0 announcement,
and the most recent development delays over there. MU2 now beeing a Q3/2017 away!

Interesting new toy on bitcoinity - combined order books:
http://data.bitcoinity.org/markets/books/USD

From here:
https://www.reddit.com/r/BitcoinMarkets/comments/5pwooc/combined_order_book_chart/

This is the theory! Sell partially on the way up to take some profits and buy partially in on the way down to accumulate even more.
But we all know that in practice due to human psyche things often get done wrong.
I wouldn't sell  either any BTC now, just try to buy more when there's a possibility of another short down pressure.

First Cliff High, now we have another join in for my price numbers today:

https://srsroccoreport.com/historical-official-data-reveals-golds-value-should-be-20-times-higher/

I see a glimpse of the future........it's coming soon on the next edit.


Edit:

I understand that there could be a push down to the lower $800s and maybe even a bit lower, and even $600s are not out of the question, but I still think that it would be quite difficult to get to those lower price points, and I will be buying all the way down.  I don't short, so I guess my strategies are more limited to buy coins as the price goes down.. but I remain too worried to sell too much of my coins on such downward speculation when it is also possible that prices could go up, rather than down.  I am prepared either way, and I do not really have strong ideas either way, except it does still seem to me that the buying support is pretty decent, but I know that if prices break below certain points, people can sometime jump on a selling bandwagon rather than just HODLing (or buying).

O.k.  I understand that there are different strategies, and folks here likely know that I have a tendency to explain my strategy over and over again...

Can you just give some additional details on your strategy and how you make money at it in the long run?


How long have you been in bitcoin? 

Did you accumulate a certain number of bitcoins before you began to employ your current strategies?  Are you tweaking your strategies from time to time?  Do you just go by hunches or is there a kind of system?   Are you trading your whole portfolio or just portions of it that may vary depending on your feelings? 

I may have my doubts, but I am not trying to dodge anything.  If there are a set of facts and or logic that support reasonable conclusions, then I am more than willing to either arrive at that conclusion or to reconsider whether my previous ideas were lacking in some way(s).




What is your purpose in employing the royal we, here?  and trying to act like you have some kind of superior concerns to mine or to others?

I think that I already explained in one of my recent posts some delays that I had with several of my transactions, so I have personally experienced some of the delays, and I understand some of the frustration and I can relate to various kinds of aggravations that delays can provide.

Actually, let me ask you another question, bitebits, why is it that you quoted a certain section from me regarding my doubts about which metrics are important in determining potential causation to delay issues, but you do not say anything about various points that I made about seg wit likely providing a lot of decent next step measures regarding some of these delay issues (and maybe even addressing some of the motivations for spam attacks)?  

I concede that seg wit seems to be taking a lot longer than anticipated, but are you thinking that seg wit is just too pie in the sky, at the moment, to consider as a meaningful and realistic way to take next steps to address some of these delay issues (whether they are caused by spam or if they are caused by some temporary changes in difficulty that cause blocks to be temporarily slowed down? or some other explanations?)

What is happening? The price keeps flat, and also de volume is the same. The asian market are not pushing the price up. I think we may wait till the end of hollydays to see the price trend going up.

Nope it was time to sell when it reached 8888 cny, now it is time to short.

Walls are there for fake support-- people that want coins, buy at market price---people that want to sell coins, sell at market price. they don't put up walls.

That's how I'm working - but I guess different people have different trading strategies - some may wait for longer and take a higher risk to potentially make more profit in a single trade - others play it safe and add lots of little transactions making a few percent on each one.

Are you serious?  Can you really make money that way?

I understand waiting and hoping for $860 or some other lower price point in order that you might be able to buy more little friends,  but it does not seem like a good idea to sell hoping that the price goes down or in order to attempt to cause the price to go down... not at these price points.


What I mean is that when prices  went up from $600 to $1,139, you should have been selling all along that spectrum, and then when prices came back down to $750, you should have been buying all the way down that spectrum, and then when the price went back up to $940 again, you should have been selling.. .. and now, the price is coming down, therefore it seems to be time to buy, not to sell, amirite?  or no?



walls of dollars are for pulling, no?  If there is such a big wall, that kind of makes me think that the price has a decent likelihood of going down below $870 and maybe even in the lower $800s.. who the fuck knows, except maybe the guy that put up that wall? 

FTFY: a net result of exactly 0. rjclarke is spot on.


You can doubt and dodge all you want JJG. Luckily Bitcoin is just build on math and does not need to be convinced to produce a repeatable outcome:
Users are negatively affected which is our concern.

All this doom and gloom because a $9 fall in the price? Yes, I think now we are officially sideways.

And I already sodl, waiting for the chinese new year dump to buy back and get more bitcoins